SEED
Open bankruptcyFinancials · 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.
Annual accounts 2021 filed on 04-05-2023 PDF all 12 filings
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.
Operating result-€16,279
2021
Net result-€16,928
2021
Total assets€186,804
2021
Equity€141,880
2021
Debt€44,924
2021
Working capital€140,134
2021
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
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
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
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| 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 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| 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 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| 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.
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 | |
| 31-12-2020 | micro format | 15-02-2022 | 2022-05700242 | |
| 31-12-2019 | micro format | 19-03-2021 | 2021-07900314 | |
| 31-12-2018 | micro format | 17-12-2019 | 2019-76300268 | |
| 31-12-2017 | abbreviated format | 31-07-2018 | 2018-41100243 | |
| 31-12-2016 | micro format | 13-07-2017 | 2017-31200292 | |
| 31-12-2015 | abbreviated format | 01-07-2016 | 2016-26500282 | |
| 31-12-2014 | abbreviated format | 31-03-2016 | 2016-08700483 | |
| 31-12-2013 | abbreviated format | 23-03-2016 | 2016-07000558 | |
| 31-12-2012 | abbreviated format | 13-08-2015 | 2015-42100508 |