SENCHA
ActiveFinancials · financial year 2026, micro format
Annual accounts 2026 filed on 30-10-2026 at the NBB all 9 filings
Turnover
≈ €140,000
Estimated: probably between €84,000 and €250,000
Total assets
€49,064▲ 53.5%
2025 · €31,968
Net result
€26,159
2025 · -€10,127
Working capital
€35,020▲ 324%
2025 · €8,259
Multi-year overview
2018 to 2026, 8 financial yearsOperating result
€33,139
2026
20182026
Net result
€26,159
2026
20182026
Equity
€28,985
▲ 926%
2026
20182026
Total assets
€49,064
▲ 53.5%
2026
20182026
Debt
€20,079
▼ 31.1%
2026
20182026
Working capital
€35,020
▲ 324%
2026
20182026
Solvency
59.1%
▲ 50.2pp
2026
20182026
Current ratio
3.62
▲ 2.25
2026
20182026
Return on assets (ROA)
53.3%
▲ 85.0pp
2026
20182026
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212023202420252026
Operating result-€6,265--€1,763▲ 71.9%-€1,548▲ 12.2%€6,674€1,321-€3,870▲ 193%-€9,864€33,139
Net result-€6,340--€1,453▲ 77.1%-€1,622within the sector's middle half▼ 11.6%€6,534within the sector's middle half€288within the sector's middle half-€6,285within the sector's middle half▲ 22×-€10,127within the sector's middle half€26,159
Equity€2,922-€1,468▼ 49.7%-€154below the sector's middle half€6,380within the sector's middle half€6,668within the sector's middle half-€12,953within the sector's middle half▲ 94.3%€2,826within the sector's middle half▼ 78.2%€28,985▲ 926%
Total assets€11,767-€9,112▼ 22.6%€8,498below the sector's middle half▼ 6.7%€14,610below the sector's middle half▲ 71.9%€15,577below the sector's middle half-€45,765within the sector's middle half▲ 194%€31,968below the sector's middle half▼ 30.1%€49,064▲ 53.5%
Debt€8,845-€7,644▼ 13.6%€8,651▲ 13.2%€8,230▼ 4.9%€8,909-€32,812▲ 268%€29,142▼ 11.2%€20,079▼ 31.1%
Working capital-€3,466--€3,322▲ 4.1%-€3,347within the sector's middle half▼ 0.8%€5,445within the sector's middle half€4,019within the sector's middle half-€10,455within the sector's middle half▲ 160%€8,259within the sector's middle half▼ 21.0%€35,020▲ 324%
Solvency24.8%-16.1%▼ 8.7pp-1.8%below the sector's middle half▼ 17.9pp43.7%within the sector's middle half▲ 45.5pp42.8%within the sector's middle half-28.3%within the sector's middle half▼ 14.5pp8.8%within the sector's middle half▼ 19.5pp59.1%▲ 50.2pp
Current ratio0.61-0.57▼ 0.040.61below the sector's middle half▲ 0.051.72within the sector's middle half▲ 1.111.45within the sector's middle half-1.32within the sector's middle half▼ 0.131.37within the sector's middle half▲ 0.053.62▲ 2.25
Return on assets (ROA)-53.9%--15.9%▲ 37.9pp-19.1%below the sector's middle half▼ 3.1pp44.7%above the sector's middle half▲ 63.8pp1.8%within the sector's middle half-13.7%above the sector's middle half▲ 11.9pp-31.7%below the sector's middle half▼ 45.4pp53.3%▲ 85.0pp
above
within
below
The sector band is the middle half of the companies in Manufacture of chemicals and chemical products (NACE 20). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2026 is a profit of €33,139, after a loss of €9,864 in 2025. It is the highest result since 2021.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €49,064
Fixed assets
€665 ▼ 47.5%
Current assets
€48,399 ▲ 57.6%
Equity and liabilities €49,064
Equity
€28,985 ▲ 926%
Debt
€20,079 ▼ 31.1%
Debt's share of the balance-sheet total falls from 91.2% to 40.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€33,741▲
2025 · -€8,633
Cash flow
€26,761▲
2025 · -€8,896
Quick ratio
3.02▲
2025 · 1.16
Debt to equity
0.69▼
2025 · 10.31
ROE
90.3%▲
2025 · -358.4%
Interest coverage
87.19▲
2025 · -19.40
Debt ≤ 1 year
€13,379▼
2025 · €22,442
Debt > 1 year
€6,700=
2025 · €6,700
Income taxes
€6,594
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €3,692 | €1,112 | - | - |
| Depreciation and write-downs of the year | €1,597 | €2,640 | €1,264 | €1,231 | €602 |
Source: notes to the 2021 to 2026 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,597 | €1,597 | €1,597 | €1,597 | €2,640 | €1,264 | €1,231 | €602 | ▼ 51.1% |
| Other operating charges640/8 | - | - | - | €359 | €1,470 | €1,715 | €7,932 | €882 | ▼ 88.9% |
| Gross operating margin9900 | -€4,148 | €645 | €779 | €8,630 | €5,431 | €6,849 | -€701 | €34,623 | - |
| Operating profit (loss)9901 | -€6,265 | -€1,763 | -€1,548 | €6,674 | €1,321 | €3,870 | -€9,864 | €33,139 | - |
| Financial income75/76B | - | - | - | - | €4 | €3,169 | €182 | €1 | ▼ 99.5% |
| Recurring financial income75 | - | €379 | - | - | €4 | €3,169 | €182 | €1 | ▼ 99.5% |
| Financial charges65/66B | - | - | - | €140 | €1,037 | €754 | €445 | €387 | ▼ 13.0% |
| Recurring financial charges65 | €75 | €69 | €74 | €140 | €1,037 | €754 | €445 | €387 | ▼ 13.0% |
| Profit (loss) for the period before taxes9903 | -€6,340 | -€1,453 | -€1,622 | €6,534 | €288 | €6,285 | -€10,127 | €32,753 | - |
| Income taxes67/77 | - | - | - | - | - | - | - | €6,594 | - |
| Profit (loss) for the period9904 | -€6,340 | -€1,453 | -€1,622 | €6,534 | €288 | €6,285 | -€10,127 | €26,159 | - |
| Profit (loss) for the period to be appropriated9905 | -€6,340 | -€1,453 | -€1,622 | €6,534 | €288 | €6,285 | -€10,127 | €26,159 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €11,767 | €9,112 | €8,498 | €14,610 | €15,577 | €45,765 | €31,968 | €49,064 | ▲ 53.5% |
| Fixed assets21/28 | €6,387 | €4,790 | €3,194 | €1,597 | €2,649 | €2,497 | €1,267 | €665 | ▼ 47.5% |
| Tangible fixed assets22/27 | €6,387 | €4,790 | €3,194 | €1,597 | €2,649 | €2,497 | €1,267 | €665 | ▼ 47.5% |
| Plant, machinery and equipment23 | - | - | - | €1,597 | €794 | €212 | €0 | - | - |
| Furniture and vehicles24 | - | - | - | - | €1,855 | €2,286 | €1,267 | €665 | ▼ 47.5% |
| Current assets29/58 | €5,379 | €4,322 | €5,304 | €13,013 | €12,928 | €43,268 | €30,701 | €48,399 | ▲ 57.6% |
| Stocks and contracts in progress3 | - | - | - | - | - | €7,554 | €4,713 | €7,966 | ▲ 69.0% |
| Stocks30/36 | - | - | - | - | - | €7,554 | €4,713 | €7,966 | ▲ 69.0% |
| Amounts receivable within one year40/41 | €139 | €391 | €1,436 | €9,402 | €1,396 | €27,769 | €23,971 | €16,683 | ▼ 30.4% |
| Trade receivables40 | - | - | - | €9,381 | €1,396 | €27,769 | €20,556 | €13,532 | ▼ 34.2% |
| Other amounts receivable41 | - | - | - | €21 | - | - | €3,415 | €3,151 | ▼ 7.7% |
| Cash at bank and in hand54/58 | €4,846 | €2,865 | €3,039 | €2,781 | €10,703 | €7,945 | €2,010 | €23,750 | ▲ 12× |
| Deferred charges and accrued income490/1 | - | - | - | €830 | €830 | - | €7 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €11,767 | €9,112 | €8,498 | €14,610 | €15,577 | €45,765 | €31,968 | €49,064 | ▲ 53.5% |
| Equity10/15 | €2,922 | €1,468 | -€154 | €6,380 | €6,668 | €12,953 | €2,826 | €28,985 | ▲ 926% |
| Contributions10/11 | €20,000 | €20,000 | - | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | -€17,078 | -€18,532 | -€20,154 | -€13,620 | -€13,332 | -€7,047 | -€17,174 | €8,985 | - |
| Amounts payable17/49 | €8,845 | €7,644 | €8,651 | €8,230 | €8,909 | €32,812 | €29,142 | €20,079 | ▼ 31.1% |
| Amounts payable after more than one year17 | - | - | - | - | - | - | €6,700 | €6,700 | = |
| Financial debts170/4 | - | - | - | - | - | - | €6,700 | €6,700 | = |
| Amounts payable within one year42/48 | €8,845 | €7,644 | €8,651 | €7,568 | €8,909 | €32,812 | €22,442 | €13,379 | ▼ 40.4% |
| Trade debts44 | €4,978 | €3,854 | €594 | €2,529 | €301 | €22,387 | €20,401 | €1,412 | ▼ 93.1% |
| Suppliers440/4 | - | - | - | €2,529 | €301 | €22,387 | €20,401 | €1,412 | ▼ 93.1% |
| Taxes, remuneration and social security45 | - | - | - | €1,704 | €2,924 | €2,256 | €2,041 | €11,967 | ▲ 486% |
| Taxes450/3 | - | - | - | €1,704 | €2,924 | €2,256 | €2,041 | €11,967 | ▲ 486% |
| Other amounts payable47/48 | - | - | - | €3,335 | €5,684 | €8,170 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €662 | - | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€6,340 | -€1,453 | -€1,622 | €6,534 | €288 | €6,285 | -€10,127 | €26,159 | - |
| + Depreciation and write-downs630 | €1,597 | €1,597 | €1,597 | €1,597 | €2,640 | €1,264 | €1,231 | €602 | ▼ 51.1% |
| Operating cash flow (approximation) | -€4,743 | €143 | -€25 | €8,130 | €2,928 | €7,549 | -€8,896 | €26,761 | - |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - | -€1,112 | -€1 | €0 | - |
| Change in cash | - | -€1,981 | €174 | -€257 | - | -€2,757 | -€5,935 | €21,740 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 26,972 companies had the same profile as SENCHA has now. Two years later, 94.9% were still going and 1.6% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
94.9%
was still going
3.4%
stopped otherwise
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of SENCHA itself is lower: 0.2% within 12 months. It rests on far more data about SENCHA than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,972 companies, not a prediction for SENCHA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 30-10-2026 | 2026-00597726 | |
| 31-03-2025 | micro format | 31-03-2026 | 2026-00067734 | |
| 31-03-2024 | micro format | 21-10-2024 | 2024-00512319 | |
| 31-03-2023 | micro format | 04-12-2023 | 2023-00524733 | |
| 31-12-2021 | micro format | 31-10-2022 | 2022-20481547 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-61000468 | |
| 31-12-2019 | micro format | 31-10-2020 | 2020-67800169 | |
| 31-12-2018 | micro format | 01-08-2019 | 2019-42400514 | |
| 31-12-2017 | micro format | 30-07-2018 | 2018-40700596 |