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SEED

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Private limited company (pre-2019)founded 2009Schoolstraat 12, 2500 Lier, BelgiumKBO/BCE: BE 0820.200.722

From the official registers: KBO 12 annual accounts at the National Bank publications in the Belgian Official Gazette

A bankruptcy procedure is open for SEED according to publications in the Belgian Official Gazette. The trustee is Steven Heylen.

Summary

The 2021 annual accounts show equity of €141,880 and a net result of -€16,928.

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Financials · financial year 2021, micro format

2021 annual accounts filed 277 days after the deadline Filed on 4 May 2023, deadline 31 July 2022 (7 months after the close on 31 December 2021, Companies Code art. 3:10). Source: NBB, 2023-00082516.

Latest annual accounts filed

Annual accounts 2021

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Financial year ended
31-12-2021
Filed on
04-05-2023
Format
micro format
Reference
2023-00082516
Equity
€141,880▼ 10.7%
2020 · €158,808
Total assets
€186,804▲ 1.2%
2020 · €184,583
Net result
-€16,928
2020 · €6,585
Working capital
€140,134▼ 11.8%
2020 · €158,808
Trend over the years

2018 to 2021, 4 financial years 2018 to 2021, 4 financial years

The operating result for 2021 is a loss of €16,279, after a profit of €6,731 in 2020. It is the lowest result since 2018.

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Operating result-€16,279 2021 Net result-€16,928 2021

Use the arrow keys on the chart for the figures per year.

Every figure with its change against the financial year before
favourable unfavourable
Line2018201920202021
Operating result-€7,669--€3,513▲ 54.2%€6,731-€16,279
Net result-€7,780--€3,970▲ 49.0%€6,585-€16,928
Equity€156,193-€152,223▼ 2.5%€158,808▲ 4.3%€141,880▼ 10.7%
Total assets€169,903-€166,941▼ 1.7%€184,583▲ 10.6%€186,804▲ 1.2%
Debt€13,709-€14,717▲ 7.4%€25,775▲ 75.1%€44,924▲ 74.3%
Working capital€153,126-€152,223▼ 0.6%€158,808▲ 4.3%€140,134▼ 11.8%
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €186,804
Fixed assets €1,746
Current assets €185,058
Equity and liabilities €186,804
Equity €141,880 ▼ 10.7%
Debt €44,924 ▲ 74.3%
Debt's share of the balance-sheet total rises from 14.0% to 24.0%. Equity is lower and debt is higher.
Key figures and ratios
2021 value · change against 2020
EBITDA
-€16,207
Cash flow
-€16,857
Current ratio
4.12▼
2020 · 7.16
Debt to equity
0.32
ROE
-11.9%▼
2020 · 4.1%
ROA
-9.1%▼
2020 · 3.6%
Interest coverage
-21.33
Debt ≤ 1 year
€44,924▲
2020 · €25,775
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2021 against 2020 · 33 lines

Source: Annual accounts 2021 (PDF), filed on 04-05-2023.

Balance sheet Code20202021
Assets
Total assets20/58€0.2m€0.2m▲
Fixed assets21/28-€0.002m
Tangible fixed assets22/27-€0.002m
Furniture and vehicles24-€0.002m
Current assets29/58€0.2m€0.2m▲
Amounts receivable within one year40/41€0.2m€0.2m▲
Trade receivables40-€0.01m
Other amounts receivable41-€0.2m
Cash at bank and in hand54/58€0.001m€2▼
Equity and liabilities
Total equity and liabilities10/49€0.2m€0.2m▲
Equity10/15€0.2m€0.1m▼
Contributions10/11-€1.4m
Profit (loss) carried forward14-€1.3m-€1.3m▼
Amounts payable17/49€0.03m€0.04m▲
Amounts payable within one year42/48€0.03m€0.04m▲
Trade debts44€0.01m€0.004m▼
Suppliers440/4-€0.004m
Taxes, remuneration and social security45-€0.002m
Taxes450/3-€0.002m
Other amounts payable47/48-€0.04m
Income statement Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€71
Other operating charges640/8-€0.001m
Gross operating margin9900€0.007m-€0.02m▼
Operating profit (loss)9901€0.007m-€0.02m▼
Financial income75/76B-€110
Recurring financial income75-€110
Financial charges65/66B-€0.001m
Recurring financial charges65€146€0.001m▲
Profit (loss) for the period before taxes9903€0.007m-€0.02m▼
Profit (loss) for the period9904€0.007m-€0.02m▼
Profit (loss) for the period to be appropriated9905€0.007m-€0.02m▼
Appropriation of the result
Profit (loss) to be appropriated9906--€1.3m
Profit (loss) brought forward from the previous period14P--€1.3m

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Line2018201920202021Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,651--€71-
Other operating charges640/8---€559-
Gross operating margin9900-€3,971-€7,089-€15,648-
Operating profit (loss)9901-€7,669-€3,513€6,731-€16,279-
Financial income75/76B---€110-
Recurring financial income75---€110-
Financial charges65/66B---€760-
Recurring financial charges65€110€457€146€760▲ 421%
Profit (loss) for the period before taxes9903-€7,780-€3,970€6,585-€16,928-
Profit (loss) for the period9904-€7,780-€3,970€6,585-€16,928-
Profit (loss) for the period to be appropriated9905-€7,780-€3,970€6,585-€16,928-
Line2018201920202021Change
Assets
Total assets20/58€0.2m€0.2m€0.2m€0.2m▲ 1.2%
Fixed assets21/28€0.003m--€0.002m-
Tangible fixed assets22/27€0.003m--€0.002m-
Furniture and vehicles24---€0.002m-
Current assets29/58€0.2m€0.2m€0.2m€0.2m▲ 0.3%
Amounts receivable within one year40/41€0.2m€0.2m€0.2m€0.2m▲ 0.6%
Trade receivables40---€0.01m-
Other amounts receivable41---€0.2m-
Cash at bank and in hand54/58€60€311€0.001m€2▼ 99.6%
Equity and liabilities
Total equity and liabilities10/49€0.2m€0.2m€0.2m€0.2m▲ 1.2%
Equity10/15€0.2m€0.2m€0.2m€0.1m▼ 10.7%
Contributions10/11€1.4m€1.4m-€1.4m-
Profit (loss) carried forward14-€1.3m-€1.3m-€1.3m-€1.3m▼ 1.3%
Amounts payable17/49€0.01m€0.01m€0.03m€0.04m▲ 74.3%
Amounts payable within one year42/48€0.01m€0.01m€0.03m€0.04m▲ 74.3%
Trade debts44-€446€0.01m€0.004m▼ 62.0%
Suppliers440/4---€0.004m-
Taxes, remuneration and social security45---€0.002m-
Taxes450/3---€0.002m-
Other amounts payable47/48---€0.04m-
Line2018201920202021Change
Profit (loss) for the period9904-€7,780-€3,970€6,585-€16,928-
+ Depreciation and write-downs630€2,651--€71-
Operating cash flow (approximation)-€5,129-€3,970€6,585-€16,857-
Change in cash-€251€240-€549-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 12 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2021 micro format 04-05-2023 2023-00082516 PDF
31-12-2020 micro format 15-02-2022 2022-05700242 PDF
31-12-2019 micro format 19-03-2021 2021-07900314 PDF
31-12-2018 micro format 17-12-2019 2019-76300268 PDF
31-12-2017 abbreviated format 31-07-2018 2018-41100243 PDF
31-12-2016 micro format 13-07-2017 2017-31200292 PDF
31-12-2015 abbreviated format 01-07-2016 2016-26500282 PDF
31-12-2014 abbreviated format 31-03-2016 2016-08700483 PDF
31-12-2013 abbreviated format 23-03-2016 2016-07000558 PDF
31-12-2012 abbreviated format 13-08-2015 2015-42100508 PDF

Show all 12 filings

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.