SEE TELECOM
Open bankruptcyFinancials · financial year 2024, unclassified schema
Turnover
€16.8m▲ 17.8%
2023 · €14.3m
EBIT margin
2.3%▲ 3.6pp
2023 · -1.4%
Net result
€115,277
2023 · -€413,987
Working capital
€407,614▼ 40.6%
2023 · €685,795
Trend over the years
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result returns to profit in 2024: €381,484 after a loss of €193,937 in 2023, the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€16.8m
2024
Operating result€0.4m
2024
Net result€0.1m
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€12.7m
2024
Equity€3.0m
2024
Debt€9.7m
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.4m
2024
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin2.3%
2024
Average staff in full-time equivalents (FTE).
Staff (FTE)38.4
2024
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Turnover€11.8m-€8.1m▼ 31.3%€10.5m▲ 29.3%€9.4m▼ 10.0%€11.8m▲ 25.4%€14.3m▲ 20.9%€16.8m▲ 17.8%
Operating result-€1.8m--€1.1m▲ 37.7%-€0.3m▲ 71.8%-€1.5m▼ 382%-€0.4m▲ 74.1%-€0.2m▲ 51.5%€0.4m
Net result-€1.8m--€1.2m▲ 36.2%-€0.5m▲ 59.9%-€1.7m▼ 259%-€0.6m▲ 67.1%-€0.4m▲ 25.4%€0.1m
EBIT margin-15.4%--14.0%▲ 1.4pp-3.1%▲ 10.9pp-16.4%▼ 13.3pp-3.4%▲ 13.0pp-1.4%▲ 2.0pp2.3%▲ 3.6pp
Equity€2.2m-€1.1m▼ 52.1%€3.1m▲ 188%€1.4m▼ 54.3%€1.8m▲ 24.3%€1.3m▼ 23.5%€3.0m▲ 119%
Total assets€10.4m-€14.9m▲ 43.1%€11.5m▼ 22.6%€12.1m▲ 4.9%€11.0m▼ 9.4%€11.7m▲ 7.2%€12.7m▲ 7.8%
Debt€8.1m-€13.8m▲ 69.8%€8.4m▼ 39.2%€10.6m▲ 27.0%€9.1m▼ 13.9%€10.3m▲ 13.1%€9.7m▼ 6.7%
Working capital-€0.9m--€2.2m▼ 134%€2.8m€0.6m▼ 78.1%€0.8m▲ 34.7%€0.7m▼ 15.8%€0.4m▼ 40.6%
Staff (FTE)66.8-53.8▼ 19.5%42.1▼ 21.7%40.5▼ 3.8%41.8▲ 3.2%41.7▼ 0.2%38.4▼ 7.9%
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €12.7m
Fixed assets
€6.6m ▲ 23.3%
Current assets
€6.1m ▼ 5.1%
Equity and liabilities €12.7m
Equity
€3.0m ▲ 119%
Provisions
€44,427 =
Debt
€9.7m ▼ 6.7%
Debt's share of the balance-sheet total falls from 88.1% to 76.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€985,922▲
2023 · €354,677
Cash flow
€719,715▲
2023 · €134,627
Current ratio
1.07▼
2023 · 1.12
Quick ratio
0.64▲
2023 · 0.60
Debt to equity
3.26▼
2023 · 7.67
ROE
3.9%▲
2023 · -30.7%
ROA
0.9%▲
2023 · -3.5%
Interest coverage
4.09▲
2023 · 1.73
Debt ≤ 1 year
€5.7m▼
2023 · €5.7m
Debt > 1 year
€3.9m▼
2023 · €4.6m
Income taxes
€3,563▲
2023 · €3,468
Staff costs
€3.5m▼
2023 · €3.6m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €11.0m | €13.0m | €14.5m | €16.6m | ▲ 15.1% |
| Turnover70 | €11.8m | €8.1m | €10.5m | €9.4m | €11.8m | €14.3m | €16.8m | ▲ 17.8% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | - | - | €0.8m | €0.4m | -€0.6m | -€0.4m | ▲ 22.0% |
| Own construction capitalised72 | - | - | - | - | €0.3m | €0.3m | €0.08m | ▼ 71.1% |
| Other operating income74 | - | - | - | €0.8m | €0.5m | €0.5m | €0.2m | ▼ 58.2% |
| Operating charges60/66A | - | - | - | €12.5m | €13.4m | €14.7m | €16.3m | ▲ 11.0% |
| Goods for resale, raw materials and consumables60 | - | - | - | €6.3m | €6.8m | €7.5m | €9.1m | ▲ 20.2% |
| Purchases600/8 | - | - | - | €6.5m | €6.8m | €7.5m | €9.1m | ▲ 20.1% |
| Change in stocks: decrease (increase)609 | - | - | - | -€0.1m | €0.02m | -€0.005m | €0.004m | - |
| Services and other goods61 | - | - | - | €2.3m | €2.5m | €2.9m | €3.0m | ▲ 4.7% |
| Remuneration, social security and pensions62 | - | - | - | €3.3m | €3.5m | €3.6m | €3.5m | ▼ 3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.3m | €0.2m | €0.4m | €0.4m | €0.5m | €0.5m | €0.6m | ▲ 10.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0.07m | €0.07m | €0.05m | €0.07m | ▲ 45.6% |
| Other operating charges640/8 | - | - | - | €0.04m | €0.009m | €0.02m | €0.02m | ▲ 3.6% |
| Operating profit (loss)9901 | -€1.8m | -€1.1m | -€0.3m | -€1.5m | -€0.4m | -€0.2m | €0.4m | - |
| Financial income75/76B | - | - | - | €0.006m | €0.009m | €0.008m | €0.001m | ▼ 88.8% |
| Recurring financial income75 | €0.1m | €0.09m | €0.006m | €0.006m | €0.009m | €0.008m | €0.001m | ▼ 88.8% |
| Other financial income752/9 | - | - | - | €0.006m | €0.009m | €0.008m | €0.001m | ▼ 88.8% |
| Financial charges65/66B | - | - | - | €0.1m | €0.2m | €0.2m | €0.3m | ▲ 17.6% |
| Recurring financial charges65 | €0.1m | €0.1m | €0.2m | €0.1m | €0.2m | €0.2m | €0.3m | ▲ 17.6% |
| Debt charges650 | €0.06m | €0.09m | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | ▲ 17.5% |
| Other financial charges652/9 | - | - | - | €0.03m | €0.03m | €0.02m | €0.02m | ▲ 18.4% |
| Profit (loss) for the period before taxes9903 | -€1.8m | -€1.2m | -€0.5m | -€1.7m | -€0.6m | -€0.4m | €0.1m | - |
| Income taxes67/77 | €0.005m | €0.005m | €0.004m | €0.003m | €0.003m | €0.003m | €0.004m | ▲ 2.7% |
| Taxes670/3 | - | - | - | €0.003m | €0.003m | €0.003m | €0.004m | ▲ 2.7% |
| Profit (loss) for the period9904 | -€1.8m | -€1.2m | -€0.5m | -€1.7m | -€0.6m | -€0.4m | €0.1m | - |
| Profit (loss) for the period to be appropriated9905 | -€1.8m | -€1.2m | -€0.5m | -€1.7m | -€0.6m | -€0.4m | €0.1m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €10.4m | €14.9m | €11.5m | €12.1m | €11.0m | €11.7m | €12.7m | ▲ 7.8% |
| Fixed assets21/28 | €4.3m | €6.6m | €4.4m | €4.8m | €5.1m | €5.4m | €6.6m | ▲ 23.3% |
| Intangible fixed assets21 | €0.2m | €0.2m | €0.7m | €1.2m | €1.7m | €2.2m | €2.0m | ▼ 6.4% |
| Tangible fixed assets22/27 | €1.3m | €3.7m | €3.7m | €3.5m | €3.3m | €3.1m | €4.5m | ▲ 44.9% |
| Land and buildings22 | - | - | - | €3.1m | €2.9m | €2.8m | €4.1m | ▲ 48.0% |
| Plant, machinery and equipment23 | - | - | - | €0.1m | €0.1m | €0.1m | €0.2m | ▲ 70.8% |
| Furniture and vehicles24 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 8.7% |
| Leasing and similar rights25 | - | - | - | €0.07m | €0.03m | €0.01m | - | - |
| Financial fixed assets28 | €2.8m | €2.8m | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Affiliated companies280/1 | - | - | - | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Participating interests280 | - | - | - | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Other financial fixed assets284/8 | - | - | - | €295 | €295 | €295 | €295 | = |
| Amounts receivable and cash guarantees285/8 | - | - | - | €295 | €295 | €295 | €295 | = |
| Current assets29/58 | €6.1m | €8.2m | €7.1m | €7.3m | €5.8m | €6.4m | €6.1m | ▼ 5.1% |
| Stocks and contracts in progress3 | €3.6m | €2.7m | €2.2m | €3.3m | €3.5m | €3.0m | €2.5m | ▼ 17.5% |
| Stocks30/36 | - | - | - | €3.0m | €2.9m | €2.5m | €2.2m | ▼ 11.3% |
| Raw materials and consumables30/31 | - | - | - | €0.5m | €0.5m | €0.5m | €0.5m | ▼ 2.0% |
| Work in progress32 | - | - | - | €1.9m | €1.6m | €1.4m | €1.3m | ▼ 7.2% |
| Finished goods33 | - | - | - | €0.5m | €0.7m | €0.5m | €0.4m | ▼ 26.9% |
| Goods purchased for resale34 | - | - | - | €0.08m | €0.06m | €0.07m | €0.04m | ▼ 44.7% |
| Contracts in progress37 | - | - | - | €0.3m | €0.6m | €0.5m | €0.3m | ▼ 46.9% |
| Amounts receivable within one year40/41 | €1.5m | €4.8m | €2.5m | €2.3m | €1.8m | €3.1m | €3.1m | ▲ 0.7% |
| Trade receivables40 | - | - | - | €2.2m | €1.8m | €2.8m | €3.0m | ▲ 6.5% |
| Other amounts receivable41 | - | - | - | €0.1m | €0.07m | €0.2m | €0.07m | ▼ 71.2% |
| Cash at bank and in hand54/58 | €0.8m | €0.5m | €2.1m | €1.7m | €0.4m | €0.3m | €0.5m | ▲ 55.9% |
| Deferred charges and accrued income490/1 | - | - | - | €0.03m | €0.03m | €0.05m | €0.06m | ▲ 16.4% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €10.4m | €14.9m | €11.5m | €12.1m | €11.0m | €11.7m | €12.7m | ▲ 7.8% |
| Equity10/15 | €2.2m | €1.1m | €3.1m | €1.4m | €1.8m | €1.3m | €3.0m | ▲ 119% |
| Contributions10/11 | €0.5m | €0.5m | - | €3.8m | €4.7m | €4.7m | €4.7m | = |
| Revaluation surpluses12 | - | - | - | - | - | - | €1.5m | - |
| Reserves13 | €2.4m | €2.4m | €2.4m | €2.4m | €2.4m | €2.4m | €2.4m | = |
| Non-distributable reserves130/1 | - | - | - | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Reserves not available under the articles1311 | - | - | - | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Tax-exempt reserves132 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Distributable reserves133 | - | - | - | €2.2m | €2.2m | €2.2m | €2.2m | = |
| Profit (loss) carried forward14 | -€1.4m | -€2.5m | -€3.0m | -€4.7m | -€5.2m | -€5.7m | -€5.5m | ▲ 2.0% |
| Provisions and deferred taxes16 | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Provisions for liabilities and charges160/5 | - | - | - | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Other liabilities and charges164/5 | - | - | - | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Amounts payable17/49 | €8.1m | €13.8m | €8.4m | €10.6m | €9.1m | €10.3m | €9.7m | ▼ 6.7% |
| Amounts payable after more than one year17 | €1.0m | €3.3m | €4.0m | €3.9m | €4.1m | €4.6m | €3.9m | ▼ 14.6% |
| Financial debts170/4 | - | - | - | €3.7m | €3.5m | €4.4m | €3.8m | ▼ 14.9% |
| Unsubordinated bonds171 | - | - | - | €0.2m | €0.2m | €0.2m | €0.1m | ▼ 25.0% |
| Leasing and similar obligations172 | - | - | - | €0.03m | €0.01m | - | - | - |
| Credit institutions173 | - | - | - | €2.4m | €2.5m | €2.2m | €2.0m | ▼ 9.5% |
| Other loans174 | - | - | - | €1.1m | €0.8m | €2.1m | €1.6m | ▼ 20.0% |
| Other amounts payable178/9 | - | - | - | €0.2m | €0.6m | €0.1m | €0.1m | ▼ 5.6% |
| Amounts payable within one year42/48 | €7.0m | €10.4m | €4.3m | €6.7m | €5.0m | €5.7m | €5.7m | ▼ 0.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.7m | €0.6m | €0.5m | €1.2m | ▲ 117% |
| Financial debts43 | - | - | - | €2.4m | €1.5m | €1.6m | €1.6m | ▼ 1.2% |
| Credit institutions430/8 | - | - | - | €1.6m | €1.5m | €1.6m | €1.6m | ▼ 1.2% |
| Other loans439 | - | - | - | €0.8m | - | - | - | - |
| Trade debts44 | €1.8m | €2.1m | €1.6m | €2.4m | €1.4m | €2.0m | €2.0m | ▼ 1.0% |
| Suppliers440/4 | - | - | - | €2.4m | €1.4m | €2.0m | €2.0m | ▼ 1.0% |
| Advances received on contracts in progress46 | - | - | - | €0.7m | €0.9m | €0.9m | €0.4m | ▼ 55.7% |
| Taxes, remuneration and social security45 | - | - | - | €0.5m | €0.6m | €0.6m | €0.5m | ▼ 24.5% |
| Taxes450/3 | - | - | - | €0.1m | €0.1m | €0.2m | €0.07m | ▼ 56.8% |
| Remuneration and social security454/9 | - | - | - | €0.4m | €0.5m | €0.4m | €0.4m | ▼ 12.2% |
| Other amounts payable47/48 | - | - | - | €0.03m | €0 | €0.002m | €0.02m | ▲ 996% |
| Accrued charges and deferred income492/3 | - | - | - | €0.02m | €0.04m | €0.07m | €0.1m | ▲ 35.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1.8m | -€1.2m | -€0.5m | -€1.7m | -€0.6m | -€0.4m | €0.1m | - |
| + Depreciation and write-downs630 | €0.3m | €0.2m | €0.4m | €0.4m | €0.5m | €0.5m | €0.6m | ▲ 10.2% |
| Operating cash flow (approximation) | -€1.6m | -€1.0m | -€0.1m | -€1.3m | -€0.08m | €0.1m | €0.7m | ▲ 435% |
| Investment in fixed assets (approximation) | - | -€2.5m | €1.8m | -€0.8m | -€0.8m | -€0.8m | -€1.9m | ▼ 139% |
| Change in cash | - | -€0.4m | €1.7m | -€0.4m | -€1.3m | -€0.1m | €0.2m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 48 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | unclassified schema | 28-07-2025 | 2025-00323816 |
| 31-12-2023 | unclassified schema | 29-08-2024 | 2024-00399092 |
| 31-12-2022 | unclassified schema | 24-08-2023 | 2023-00355549 |
| 31-12-2021 | unclassified schema | 02-06-2022 | 2022-20043361 |
| 31-12-2020 | unclassified schema | 07-06-2021 | 2021-17400340 |
| 31-12-2019 | full format | 15-09-2020 | 2020-53000004 |
| 31-12-2018 | full format | 24-05-2019 | 2019-14100211 |
| 31-12-2017 | full format | 18-05-2018 | 2018-13000350 |
| 31-12-2016 | full format | 02-06-2017 | 2017-14200272 |
| 31-12-2015 | full format | 31-05-2016 | 2016-13800431 |
Similar companies · same sector, comparable size
UNITRON
BE 0437.664.097
Poperinge · equity €3.1m
iCana
BE 0719.379.219
Leuven · equity €2.8m
ANTTRON
BE 0443.056.507
Torhout · equity €2.7m
TSF Belgique
BE 0817.342.586
Ans · equity €3.5m
ESSEC TELECOM CENTER
BE 0441.787.092
Tessenderlo-Ham · equity €2.4m
Of the 119 active companies whose main activity is manufacture of computer, electronic and optical products (NACE 26300), figures are known for 96. 45 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts
1 award · 2025
Eenmalige overeenkomst 2025 voor leveren van hard- en software voor een DAB/FM radioheruitzendsysteem met break-in functie inclusief opleiding, gekoppeld aan een onderhoudscontract van onbepaalde duur voor wisselstukken: LHT2501 - DAB/FM radioheruitzendsysteem - 1
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. Values as the buyer published them; for a framework agreement, a ceiling.