SECUMAIL
InactiveInactive; last annual accounts for fiscal year 2012.
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2012. Since then, 13 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2013 close31-07-2014 deadline25-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2012 was due by 31-07-2013 and was filed on 22-05-2013, 70 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2012, full schema
Turnover
€1.66M▼ 9.0%
2011 · €1.83M
2008: €2.01Mhighest in 5 years
2009: €1.72M▼ -14.0% vs 2008
2010: €1.60M▼ -7.1% vs 2009lowest in 5 years
2011: €1.83M▲ +14.3% vs 2010
2012: €1.66M▼ -9.0% vs 2011
2008 → 2012
EBIT margin
18.8%▼ 4.1pp
2011 · 22.8%
2008: 17.1%lowest in 5 years
2009: 24.1%▲ +40.7% vs 2008highest in 5 years
2010: 19.9%▼ -17.2% vs 2009
2011: 22.8%▲ +14.6% vs 2010
2012: 18.8%▼ -17.9% vs 2011
2008 → 2012
Net result
€224k▼ 20.1%
2011 · €281k
2008: €221k
2009: €268k▲ +21.7% vs 2008
2010: €205k▼ -23.5% vs 2009lowest in 5 years
2011: €281k▲ +36.7% vs 2010highest in 5 years
2012: €224k▼ -20.1% vs 2011
2008 → 2012
Working capital
€1.49M▲ 28.5%
2011 · €1.16M
2008: €26klowest in 5 years
2009: €487k▲ +1753% vs 2008
2010: €842k▲ +72.9% vs 2009
2011: €1.16M▲ +37.8% vs 2010
2012: €1.49M▲ +28.5% vs 2011highest in 5 years
2008 → 2012
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20082009201020112012Trend
Turnover€2.01M-€1.72M▼ 14.0%€1.60M▼ 7.1%€1.83M▲ 14.3%€1.66M▼ 9.0%
2008: €2.01Mhighest in 5 years
2009: €1.72M▼ -14.0% vs 2008
2010: €1.60M▼ -7.1% vs 2009lowest in 5 years
2011: €1.83M▲ +14.3% vs 2010
2012: €1.66M▼ -9.0% vs 2011
Equity€663k-€932k▲ 40.4%€1.14M▲ 22.0%€1.42M▲ 24.7%€1.64M▲ 15.8%
2008: €663klowest in 5 years
2009: €932k▲ +40.4% vs 2008
2010: €1.14M▲ +22.0% vs 2009
2011: €1.42M▲ +24.7% vs 2010
2012: €1.64M▲ +15.8% vs 2011highest in 5 years
Operating result€343k-€415k▲ 20.9%€319k▼ 23.1%€418k▲ 30.9%€312k▼ 25.3%
2008: €343k
2009: €415k▲ +20.9% vs 2008
2010: €319k▼ -23.1% vs 2009
2011: €418k▲ +30.9% vs 2010highest in 5 years
2012: €312k▼ -25.3% vs 2011lowest in 5 years
Net result€221k-€268k▲ 21.7%€205k▼ 23.5%€281k▲ 36.7%€224k▼ 20.1%
2008: €221k
2009: €268k▲ +21.7% vs 2008
2010: €205k▼ -23.5% vs 2009lowest in 5 years
2011: €281k▲ +36.7% vs 2010highest in 5 years
2012: €224k▼ -20.1% vs 2011
Result per fiscal year
Operating resultNet result
The operating result falls in 2012; 2012 is 25% below 2011 and is the lowest result in the available series.
Balance-sheet composition
2012 in colour, 2011 as the grey bar beneath
Assets €1.93M
Fixed assets
€151k ▼ 41.5%
Current assets
€1.78M ▲ 11.4%
Equity and liabilities €1.93M
Equity
€1.64M ▲ 15.8%
Debt
€286k ▼ 34.4%
Debt's share of the balance-sheet total falls from 23.5% to 14.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€417k▼
2011 · €550k
Cash flow
€329k▼
2011 · €413k
Current ratio
6.22▲
2011 · 3.66
ROE
13.7%▼
2011 · 19.8%
ROA
11.6%▼
2011 · 15.1%
Interest coverage
1878.07▲
2011 · 122.94
Debt ≤ 1 year
€286k▼
2011 · €436k
Income taxes
€101k▼
2011 · €133k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2012 against 2011 · 25 lines
Balance sheet
Code20112012
Assets
Total assets20/58€1.85M€1.93M▲
Fixed assets21/28€258k€151k▼
Tangible fixed assets22/27€245k€140k▼
Financial fixed assets28€13k€10k▼
Current assets29/58€1.60M€1.78M▲
Amounts receivable within one year40/41€963k€724k▼
Cash at bank and in hand54/58€497k€902k▲
Equity and liabilities
Total equity and liabilities10/49€1.85M€1.93M▲
Equity10/15€1.42M€1.64M▲
Contributions10/11€71k€71k=
Reserves13€7k€7k=
Profit (loss) carried forward14€1.34M€1.56M▲
Amounts payable17/49€436k€286k▼
Amounts payable within one year42/48€436k€286k▼
Trade debts44€383k€277k▼
Income statement
Code20112012
Turnover70€1.83M€1.66M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€132k€105k▼
Operating profit (loss)9901€418k€312k▼
Recurring financial income75€411€9k▲
Recurring financial charges65€5k€1k▼
Debt charges650€4k€222▼
Profit (loss) for the period before taxes9903€413k€326k▼
Income taxes67/77€133k€101k▼
Profit (loss) for the period9904€281k€224k▼
Profit (loss) for the period to be appropriated9905€281k€224k▼
Accounts by statement
| Line | 2008 | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €2.01M | €1.72M | €1.60M | €1.83M | €1.66M | ▼ 9.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €281k | €225k | €157k | €132k | €105k | ▼ 20.6% |
| Operating profit (loss)9901 | €343k | €415k | €319k | €418k | €312k | ▼ 25.3% |
| Recurring financial income75 | €446 | €889 | €477 | €411 | €9k | ▲ 2,039% |
| Recurring financial charges65 | €100k | €15k | €8k | €5k | €1k | ▼ 72.3% |
| Debt charges650 | €10k | €15k | €7k | €4k | €222 | ▼ 95.0% |
| Profit (loss) for the period before taxes9903 | €252k | €401k | €311k | €413k | €326k | ▼ 21.2% |
| Income taxes67/77 | €31k | €132k | €106k | €133k | €101k | ▼ 23.5% |
| Profit (loss) for the period9904 | €221k | €268k | €205k | €281k | €224k | ▼ 20.1% |
| Profit (loss) for the period to be appropriated9905 | €221k | €268k | €205k | €281k | €224k | ▼ 20.1% |
| Line | 2008 | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.73M | €1.75M | €1.72M | €1.85M | €1.93M | ▲ 4.0% |
| Fixed assets21/28 | €663k | €452k | €295k | €258k | €151k | ▼ 41.5% |
| Intangible fixed assets21 | €483 | - | - | - | - | - |
| Tangible fixed assets22/27 | €662k | €440k | €283k | €245k | €140k | ▼ 42.7% |
| Financial fixed assets28 | - | €12k | €12k | €13k | €10k | ▼ 17.1% |
| Current assets29/58 | €1.06M | €1.30M | €1.43M | €1.60M | €1.78M | ▲ 11.4% |
| Amounts receivable within one year40/41 | €619k | €952k | €1.03M | €963k | €724k | ▼ 24.8% |
| Cash at bank and in hand54/58 | €391k | €257k | €311k | €497k | €902k | ▲ 81.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.73M | €1.75M | €1.72M | €1.85M | €1.93M | ▲ 4.0% |
| Equity10/15 | €663k | €932k | €1.14M | €1.42M | €1.64M | ▲ 15.8% |
| Contributions10/11 | €71k | €71k | €71k | €71k | €71k | = |
| Reserves13 | €7k | €7k | €7k | €7k | €7k | = |
| Profit (loss) carried forward14 | €585k | €853k | €1.06M | €1.34M | €1.56M | ▲ 16.7% |
| Amounts payable17/49 | €1.06M | €819k | €587k | €436k | €286k | ▼ 34.4% |
| Amounts payable after more than one year17 | €14k | €7k | - | - | - | - |
| Amounts payable within one year42/48 | €1.04M | €812k | €587k | €436k | €286k | ▼ 34.4% |
| Trade debts44 | €353k | €330k | €203k | €383k | €277k | ▼ 27.6% |
| Line | 2008 | 2009 | 2010 | 2011 | 2012 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €221k | €268k | €205k | €281k | €224k | ▼ 20.1% |
| + Depreciation and write-downs630 | €281k | €225k | €157k | €132k | €105k | ▼ 20.6% |
| Operating cash flow (approximation) | €502k | €493k | €362k | €413k | €329k | ▼ 20.3% |
| Investment in fixed assets (approximation) | - | €-14k | €1 | €-94k | €2k | ▲ 102% |
| Change in cash | - | €-134k | €54k | €185k | €405k | ▲ 119% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2013
22-05
NBB filing
Annual accounts filed
fiscal year 2012 · full schema
2012
26-11
State Gazette act
Board meeting · Merger
Capital · Net-asset statement
19-06
NBB filing
Annual accounts filed
fiscal year 2011 · full schema
2011
31-12
Financial
Highest result since 2008net €281k ▲36.7%
Operating result €418k, net result €281k, both a record.
27-05
NBB filing
Annual accounts filed
fiscal year 2010 · full schema
2010
31-12
Financial
Weakest financial yearnet €205k ▼23.5%
Net result drops to €205k, the lowest in the series.
31-12
Financial
Equity above €1MEq €1.14M ▲22%
3 profitable years in a row build equity to €1.14M.
30-04
NBB filing
Annual accounts filed
fiscal year 2009 · full schema
2009
30-06
NBB filing
Annual accounts filed
fiscal year 2008 · full schema
2008
30-06
NBB filing
Annual accounts filed
fiscal year 2007 · full schema
2007
31-07
NBB filing
Annual accounts filed
fiscal year 2006 · full schema
2006
27-07
NBB filing
Annual accounts filed
fiscal year 2005 · full schema
2005
15-07
NBB filing
Annual accounts filed
fiscal year 2004 · abbreviated schema
2004
14-05
NBB filing
Annual accounts filed
fiscal year 2003 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Acquisitions and mergers
1 transactionTaken over by:Speos Belgium SA