SEIZE AOUT
InactiveSEIZE AOUT was declared bankrupt on 19-02-2024 (Tribunal de l’entreprise du Hainaut, division Charleroi); the bankruptcy was closed for insufficient assets by judgment of 14-04-2025, published in the Belgian State Gazette on 25-04-2025.
Summary
Inactive; last annual accounts for fiscal year 2023.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-06-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 5 filingsPosition against the passed deadline
30-06-2024 close31-01-2025 deadline29-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-06-2023 was due by 31-01-2024 and was filed on 14-02-2024, 14 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
14 d late
2022
2 d early
2021
28 d late
2020
18 d early
2019
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 4 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2023, micro schema
Turnover
€105,587▲ 21.3%
2022 · €87,067
EBIT margin
-15.1%▲ 7.2pp
2022 · -22.4%
Net result
-€18,201▲ 17.9%
2022 · -€22,178
Working capital
-€47,257▲ 3.7%
2022 · -€49,056
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Turnover€153,846-€150,547▼ 2.1%€110,566▼ 26.6%€87,067▼ 21.3%€105,587▲ 21.3%
Operating result-€3,436-€11,064-€9,087-€19,490▼ 114%-€15,995▲ 17.9%
Net result-€5,086-€6,865-€10,157-€22,178▼ 118%-€18,201▲ 17.9%
EBIT margin-2.2%-7.3%▲ 9.6pp-8.2%▼ 15.6pp-22.4%▼ 14.2pp-15.1%▲ 7.2pp
Equity-€3,586-€3,279-€6,878-€29,056▼ 322%-€47,257▼ 62.6%
Total assets€94,819-€67,420▼ 28.9%€53,195▼ 21.1%€23,633▼ 55.6%€1,846▼ 92.2%
Debt€98,406-€64,141▼ 34.8%€60,073▼ 6.3%€52,689▼ 12.3%€49,103▼ 6.8%
Working capital-€88,043--€60,984▲ 30.7%-€46,878▲ 23.1%-€49,056▼ 4.6%-€47,257▲ 3.7%
Staff (FTE)1-1.1▲ 10.0%0.8▼ 27.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €15,995 in 2023 against €19,490 in 2022; the loss shrinks.
Key figures and ratios
EBITDA
€4,005▲
2022 · €510
Cash flow
€1,799▲
2022 · -€2,178
Interest coverage
1.79▲
2022 · 0.19
Debt ≤ 1 year
€49,103▼
2022 · €52,689
Staff costs
€22,363▲
2022 · €20,504
Ratios withheld: a balance sheet total of €1,846 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €153,846 | €150,547 | €110,566 | €87,067 | €105,587 | ▲ 21.3% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €62,909 | €76,332 | ▲ 21.3% |
| Remuneration, social security and pensions62 | - | - | - | €20,504 | €22,363 | ▲ 9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,644 | €20,644 | €20,663 | €20,000 | €20,000 | = |
| Other operating charges640/8 | - | - | - | €339 | €530 | ▲ 56.7% |
| Non-recurring operating charges66A | - | - | - | €2,806 | €2,356 | ▼ 16.0% |
| Gross operating margin9900 | €57,334 | €62,778 | €35,255 | €24,158 | €29,255 | ▲ 21.1% |
| Operating profit (loss)9901 | -€3,436 | €11,064 | -€9,087 | -€19,490 | -€15,995 | ▲ 17.9% |
| Financial income75/76B | - | - | - | - | €27 | - |
| Recurring financial income75 | - | - | - | - | €27 | - |
| Financial charges65/66B | - | - | - | €2,688 | €2,233 | ▼ 16.9% |
| Recurring financial charges65 | €832 | €2,175 | €1,070 | €2,688 | €2,233 | ▼ 16.9% |
| Profit (loss) for the period before taxes9903 | -€5,086 | €8,889 | -€10,157 | -€22,178 | -€18,201 | ▲ 17.9% |
| Income taxes67/77 | - | €2,024 | - | - | - | - |
| Profit (loss) for the period9904 | -€5,086 | €6,865 | -€10,157 | -€22,178 | -€18,201 | ▲ 17.9% |
| Profit (loss) for the period to be appropriated9905 | -€5,086 | €6,865 | -€10,157 | -€22,178 | -€18,201 | ▲ 17.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €94,819 | €67,420 | €53,195 | €23,633 | €1,846 | ▼ 92.2% |
| Fixed assets21/28 | €84,907 | €64,263 | €40,000 | €20,000 | - | - |
| Intangible fixed assets21 | €80,000 | €60,000 | €40,000 | €20,000 | - | - |
| Tangible fixed assets22/27 | €1,307 | €663 | - | - | - | - |
| Financial fixed assets28 | €3,600 | €3,600 | - | - | - | - |
| Current assets29/58 | €9,913 | €3,157 | €13,195 | €3,633 | €1,846 | ▼ 49.2% |
| Amounts receivable within one year40/41 | €7,572 | €2,207 | €11,673 | €1,942 | €1,554 | ▼ 20.0% |
| Trade receivables40 | - | - | - | €1,942 | - | - |
| Other amounts receivable41 | - | - | - | - | €1,554 | - |
| Cash at bank and in hand54/58 | €2,341 | €950 | €1,522 | €1,691 | €292 | ▼ 82.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €94,819 | €67,420 | €53,195 | €23,633 | €1,846 | ▼ 92.2% |
| Equity10/15 | -€3,586 | €3,279 | -€6,878 | -€29,056 | -€47,257 | ▼ 62.6% |
| Contributions10/11 | €1,500 | €1,500 | €1,500 | €1,500 | €1,500 | = |
| Capital10 | - | - | - | €1,500 | €1,500 | = |
| Issued capital100 | - | - | - | €1,500 | €1,500 | = |
| Profit (loss) carried forward14 | -€5,086 | €1,779 | -€8,378 | -€30,556 | -€48,757 | ▼ 59.6% |
| Amounts payable17/49 | €98,406 | €64,141 | €60,073 | €52,689 | €49,103 | ▼ 6.8% |
| Amounts payable within one year42/48 | €97,956 | €64,141 | €60,073 | €52,689 | €49,103 | ▼ 6.8% |
| Trade debts44 | €3,464 | €2,064 | €2,148 | €3,072 | €9,034 | ▲ 194% |
| Suppliers440/4 | - | - | - | €3,072 | €3,495 | ▲ 13.8% |
| Bills of exchange payable441 | - | - | - | - | €5,540 | - |
| Taxes, remuneration and social security45 | - | - | - | €28,602 | €40,068 | ▲ 40.1% |
| Taxes450/3 | - | - | - | €23,923 | €31,554 | ▲ 31.9% |
| Remuneration and social security454/9 | - | - | - | €4,678 | €8,514 | ▲ 82.0% |
| Other amounts payable47/48 | - | - | - | €21,016 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,086 | €6,865 | -€10,157 | -€22,178 | -€18,201 | ▲ 17.9% |
| + Depreciation and write-downs630 | €20,644 | €20,644 | €20,663 | €20,000 | €20,000 | = |
| Operating cash flow (approximation) | €15,557 | €27,509 | €10,506 | -€2,178 | €1,799 | ▲ 183% |
| Investment in fixed assets (approximation) | - | €0 | €3,600 | €0 | - | - |
| Change in cash | - | -€1,391 | €573 | €168 | -€1,399 | ▼ 931% |
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
2025
25-04
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise du Hainaut, division Charleroi · event 14-04-2025
2024
29-02
Bankruptcy
Opening
Tribunal de l’entreprise du Hainaut, division Charleroi · event 19-02-2024
14-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 14 days late
2023
29-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Weakest financial yearnet -€22,178
Net result drops to -€22,178, the lowest in the series.
28-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 28 days late
2021
13-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Back to profitnet €6,865
Net result €6,865 after one loss-making year.
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | SIMON HARDY BLD MAYENCE,19, 6000 CHARLEROI-
.
Date provisoire de cessation de paiement : 19/02/2024 |
19-02-2024 → 14-04-2025 |