SEMAILSUD
InactiveFinancials · financial year 2024, abbreviated format
Annual accounts 2024 filed on 10-07-2025 PDF all 28 filings
Turnover
≈ €630,000
Estimated: probably between €380,000 and €1.2m
EBIT margin
Not included in this filing
Net result
€156,060▲ 32×
2023 · €4,903
Working capital
€454,082▲ 112%
2023 · €214,247
Trend over the years
2020 to 2024, 5 financial years 2019 to 2024, 6 financial years
The operating result for 2024 is nearly 38 times that of 2023 and the highest since 2020. It is a recovery after the fall in 2023.
Operating result€0.2m
2024
Net result€0.2m
2024
Total assets€0.9m
2024
Equity€0.9m
2024
Debt€0.06m
2024
Working capital€0.5m
2024
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
Line201920202021202220232024
Operating result€0.1m-€0.1m▼ 3.2%€0.06m▼ 52.0%€0.05m▼ 22.6%€0.005m▼ 89.0%€0.2m▲ 38×
Net result€0.3m-€0.1m▼ 64.8%€0.07m▼ 38.3%€0.04m▼ 42.8%€0.005m▼ 88.6%€0.2m▲ 32×
Equity€1.3m-€0.9m▼ 27.7%€1.0m▲ 8.0%€1.1m▲ 4.2%€0.7m▼ 32.8%€0.9m▲ 22.1%
Total assets€1.3m-€1.4m▲ 6.8%€1.5m▲ 5.4%€1.5m▲ 3.4%€1.5m▲ 0.1%€0.9m▼ 40.1%
Debt€0.03m-€0.5m▲ 14×€0.5m▲ 0.4%€0.5m▲ 1.5%€0.8m▲ 70.3%€0.06m▼ 92.5%
Working capital€0.5m-€0.2m▼ 55.4%€0.4m▲ 75.0%€0.5m▲ 30.2%€0.2m▼ 57.0%€0.5m▲ 112%
Staff (FTE)2.3-
The turnover shown is an estimate from the gross margin.
Large changes and their cause
- 2020 Net result -65% on 2019. The previous financial year ran 15 months, this one 12. The accounts now follow the abbreviated format, last year the full format.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €926,507
Fixed assets
€417,436 ▼ 15.4%
Current assets
€509,071 ▼ 51.7%
Equity and liabilities €926,507
Equity
€863,594 ▲ 22.1%
Debt
€62,913 ▼ 92.5%
Debt's share of the balance-sheet total falls from 54.3% to 6.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€241,335▲
2023 · €65,920
Cash flow
€209,563▲
2023 · €65,852
Current ratio
9.26▲
2023 · 1.26
Debt to equity
0.07▼
2023 · 1.19
ROE
18.1%▲
2023 · 0.7%
ROA
16.8%▲
2023 · 0.3%
Interest coverage
over 100
2023 · over 100
Debt ≤ 1 year
€54,989▼
2023 · €839,186
Income taxes
€53,145▲
2023 · €1,700
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 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €986 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €88,268 | €86,770 | €78,748 | €69,476 | €60,949 | €53,503 | ▼ 12.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | -€64,500 | -€26,000 | - | - | - |
| Other operating charges640/8 | - | - | €2,179 | €6,143 | €5,456 | €4,645 | ▼ 14.9% |
| Gross operating margin9900 | €349,681 | €68,083 | €75,843 | €94,856 | €71,376 | €245,981 | ▲ 245% |
| Operating profit (loss)9901 | €125,707 | €121,700 | €58,431 | €45,236 | €4,970 | €187,832 | ▲ 38× |
| Financial income75/76B | - | - | €16,568 | €3,848 | €1,724 | €21,374 | ▲ 12× |
| Recurring financial income75 | €16,225 | €563 | €16,568 | €3,848 | €1,724 | €21,374 | ▲ 12× |
| Financial charges65/66B | - | - | €852 | €197 | €92 | €0 | ▼ 99.5% |
| Recurring financial charges65 | €27,436 | €664 | €852 | €197 | €92 | €0 | ▼ 99.5% |
| Profit (loss) for the period before taxes9903 | €436,996 | €121,598 | €74,147 | €48,887 | €6,603 | €209,205 | ▲ 32× |
| Income taxes67/77 | €91,684 | - | -€847 | €6,000 | €1,700 | €53,145 | ▲ 31× |
| Profit (loss) for the period9904 | €345,312 | €121,598 | €74,994 | €42,887 | €4,903 | €156,060 | ▲ 32× |
| Profit (loss) for the period to be appropriated9905 | €345,312 | €121,598 | €74,994 | €42,887 | €4,903 | €156,060 | ▲ 32× |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €1.3m | €1.4m | €1.5m | €1.5m | €1.5m | €0.9m | ▼ 40.1% |
| Fixed assets21/28 | €0.8m | €0.7m | €0.6m | €0.6m | €0.5m | €0.4m | ▼ 15.4% |
| Intangible fixed assets21 | €288 | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €0.8m | €0.7m | €0.6m | €0.5m | €0.4m | €0.4m | ▼ 16.9% |
| Land and buildings22 | - | - | €0.6m | €0.5m | €0.4m | €0.4m | ▼ 16.3% |
| Plant, machinery and equipment23 | - | - | €0.03m | €0.01m | €0.005m | €0.002m | ▼ 71.4% |
| Furniture and vehicles24 | - | - | €0.004m | - | - | - | - |
| Financial fixed assets28 | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | = |
| Current assets29/58 | €0.5m | €0.7m | €0.9m | €1.0m | €1.1m | €0.5m | ▼ 51.7% |
| Amounts receivable within one year40/41 | €0.5m | €0.7m | €0.9m | €1.0m | €1.0m | €0.3m | ▼ 70.8% |
| Trade receivables40 | - | - | €0.09m | €0.07m | €0.05m | €0.2m | ▲ 225% |
| Other amounts receivable41 | - | - | €0.8m | €0.9m | €1.0m | €0.1m | ▼ 85.3% |
| Cash at bank and in hand54/58 | €0.04m | €0.003m | €182 | - | - | - | - |
| Deferred charges and accrued income490/1 | - | - | €9 | - | €0.02m | €0.2m | ▲ 12× |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €1.3m | €1.4m | €1.5m | €1.5m | €1.5m | €0.9m | ▼ 40.1% |
| Equity10/15 | €1.3m | €0.9m | €1.0m | €1.1m | €0.7m | €0.9m | ▲ 22.1% |
| Contributions10/11 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Capital10 | - | - | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Issued capital100 | - | - | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Reserves13 | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Non-distributable reserves130/1 | - | - | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Legal reserve130 | - | - | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Profit (loss) carried forward14 | €1.0m | €0.6m | €0.7m | €0.7m | €0.4m | €0.5m | ▲ 41.0% |
| Amounts payable17/49 | €0.03m | €0.5m | €0.5m | €0.5m | €0.8m | €0.06m | ▼ 92.5% |
| Amounts payable within one year42/48 | €0.03m | €0.5m | €0.5m | €0.5m | €0.8m | €0.05m | ▼ 93.4% |
| Trade debts44 | €0.03m | €0.003m | €0.001m | €0.002m | €0.002m | €0.001m | ▼ 67.1% |
| Suppliers440/4 | - | - | €0.001m | €0.002m | €0.002m | €0.001m | ▼ 67.1% |
| Taxes, remuneration and social security45 | - | - | €1 | €0.006m | €0.007m | €0.05m | ▲ 635% |
| Taxes450/3 | - | - | - | €0.006m | €0.007m | €0.05m | ▲ 635% |
| Remuneration and social security454/9 | - | - | €1 | - | - | €1 | - |
| Other amounts payable47/48 | - | - | €0.5m | €0.5m | €0.8m | - | - |
| Accrued charges and deferred income492/3 | - | - | €0.001m | - | - | €0.008m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €345,312 | €121,598 | €74,994 | €42,887 | €4,903 | €156,060 | ▲ 32× |
| + Depreciation and write-downs630 | €88,268 | €86,770 | €78,748 | €69,476 | €60,949 | €53,503 | ▼ 12.2% |
| Operating cash flow (approximation) | €433,579 | €208,367 | €153,742 | €112,363 | €65,852 | €209,563 | ▲ 218% |
| Investment in fixed assets (approximation) | - | €0 | €9,805 | €3,680 | €0 | €22,348 | - |
| Change in cash | - | -€36,510 | -€3,224 | - | - | - | - |
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 28 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | abbreviated format | 10-07-2025 | 2025-00255407 | |
| 31-12-2023 | abbreviated format | 10-07-2024 | 2024-00236920 | |
| 31-12-2022 | abbreviated format | 12-07-2023 | 2023-00234499 | |
| 31-12-2021 | abbreviated format | 11-07-2022 | 2022-20177228 | |
| 31-12-2020 | abbreviated format | 12-07-2021 | 2021-34400555 | |
| 31-12-2019 | full format | 04-11-2020 | 2020-68000097 | |
| 30-09-2018 | full format | 24-04-2019 | 2019-10300475 | |
| 30-09-2017 | full format | 11-04-2018 | 2018-09500306 | |
| 30-09-2016 | full format | 15-03-2017 | 2017-06300262 | |
| 30-09-2015 | full format | 29-01-2016 | 2016-03100039 |