SENCYA
InactiveSENCYA was declared bankrupt on 24-04-2023 (Tribunal de l’entreprise de Liège, division Liège); the bankruptcy was closed for insufficient assets by judgment of 09-01-2024, published in the Belgian State Gazette on 15-01-2024.
Summary
Inactive; last annual accounts for fiscal year 2021.
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 31-12-2022, 4 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 · 4 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline26-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 20-12-2022, 142 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
142 d late
2020
25 d late
2019
118 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 95 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 2021, micro schema
Turnover
€38,586▲ 156%
2019 · €15,059
EBIT margin
-73.3%▼ 43.4pp
2019 · -29.8%
Net result
-€28,605
2020 · €1,157
Working capital
-€24,968
2020 · €197
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
Line2018201920202021
Turnover€5,851-€15,059▲ 157%€38,586
Operating result-€4,932--€4,491▲ 9.0%€1,602-€28,271
Net result-€5,005--€4,522▲ 9.7%€1,157-€28,605
EBIT margin-84.3%--29.8%▲ 54.5pp-73.3%
Equity€1,195-€7,378▲ 517%€9,730▲ 31.9%-€18,875
Total assets€6,436-€10,650▲ 65.5%€58,965▲ 454%€33,588▼ 43.0%
Debt€5,241-€3,272▼ 37.6%€49,234▲ 1,405%€52,463▲ 6.6%
Working capital-€3,685-€7,378€197▼ 97.3%-€24,968
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €28,271 after €1,602 in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €33,588
Fixed assets
€6,093 ▼ 36.1%
Current assets
€27,495 ▼ 44.4%
Key figures and ratios
EBITDA
-€26,051▼
2020 · €1,949
Cash flow
-€26,385▼
2020 · €1,504
Solvency
-56.2%▼
2020 · 16.5%
Current ratio
0.52▼
2020 · 1.00
Debt to equity
-2.78
ROA
-85.2%▼
2020 · 2.0%
Interest coverage
-77.79
Debt ≤ 1 year
€52,463▲
2020 · €49,234
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 |
|---|---|---|---|---|---|
| Turnover70 | €5,851 | €15,059 | - | €38,586 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €19,078 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,220 | - | €347 | €2,220 | ▲ 540% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €41,546 | - |
| Other operating charges640/8 | - | - | - | €4,012 | - |
| Gross operating margin9900 | -€3,712 | -€4,015 | €2,744 | €19,508 | ▲ 611% |
| Operating profit (loss)9901 | -€4,932 | -€4,491 | €1,602 | -€28,271 | ▼ 1,865% |
| Financial income75/76B | - | - | - | €0 | - |
| Recurring financial income75 | - | €0 | €27 | €0 | ▼ 100% |
| Financial charges65/66B | - | - | - | €335 | - |
| Recurring financial charges65 | €73 | €31 | €473 | €335 | ▼ 29.2% |
| Profit (loss) for the period before taxes9903 | -€5,005 | -€4,522 | €1,157 | -€28,605 | ▼ 2,573% |
| Profit (loss) for the period9904 | -€5,005 | -€4,522 | €1,157 | -€28,605 | ▼ 2,573% |
| Profit (loss) for the period to be appropriated9905 | -€5,005 | -€4,522 | €1,157 | -€28,605 | ▼ 2,573% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €6,436 | €10,650 | €58,965 | €33,588 | ▼ 43.0% |
| Fixed assets21/28 | €4,880 | - | €9,533 | €6,093 | ▼ 36.1% |
| Tangible fixed assets22/27 | €4,880 | - | €9,533 | €6,093 | ▼ 36.1% |
| Furniture and vehicles24 | - | - | - | €6,093 | - |
| Current assets29/58 | €1,556 | €10,650 | €49,431 | €27,495 | ▼ 44.4% |
| Stocks and contracts in progress3 | - | - | €41,546 | €0 | ▼ 100% |
| Stocks30/36 | - | - | - | €0 | - |
| Amounts receivable within one year40/41 | €829 | €10,036 | €7,849 | €26,562 | ▲ 238% |
| Trade receivables40 | - | - | - | €2,467 | - |
| Other amounts receivable41 | - | - | - | €24,095 | - |
| Cash at bank and in hand54/58 | €727 | €614 | €1 | €932 | ▲ 92,211% |
| Deferred charges and accrued income490/1 | - | - | - | €0 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €6,436 | €10,650 | €58,965 | €33,588 | ▼ 43.0% |
| Equity10/15 | €1,195 | €7,378 | €9,730 | -€18,875 | ▼ 294% |
| Contributions10/11 | €6,200 | €11,900 | €0 | €18,100 | - |
| Outside capital11 | - | - | - | €18,100 | - |
| Share premium1100/10 | - | - | - | €18,100 | - |
| Profit (loss) carried forward14 | -€5,005 | -€4,522 | -€8,370 | -€36,975 | ▼ 342% |
| Amounts payable17/49 | €5,241 | €3,272 | €49,234 | €52,463 | ▲ 6.6% |
| Amounts payable within one year42/48 | €5,241 | €3,272 | €49,234 | €52,463 | ▲ 6.6% |
| Trade debts44 | €2,330 | €1,358 | €5,913 | €10,599 | ▲ 79.2% |
| Suppliers440/4 | - | - | - | €10,599 | - |
| Taxes, remuneration and social security45 | - | - | - | €2,512 | - |
| Taxes450/3 | - | - | - | €2,512 | - |
| Remuneration and social security454/9 | - | - | - | €0 | - |
| Other amounts payable47/48 | - | - | - | €39,352 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,005 | -€4,522 | €1,157 | -€28,605 | ▼ 2,573% |
| + Depreciation and write-downs630 | €1,220 | - | €347 | €2,220 | ▲ 540% |
| Operating cash flow (approximation) | -€3,785 | -€4,522 | €1,504 | -€26,385 | ▼ 1,855% |
| Investment in fixed assets (approximation) | - | - | - | €1,220 | - |
| Change in cash | - | -€113 | -€613 | €931 | ▲ 252% |
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
2024
15-01
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise de Liège, division Liège · event 09-01-2024
2023
28-04
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 24-04-2023
2022
20-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 142 days late
2021
31-12
Financial
Weakest financial yearnet -€28,605
Net result drops to -€28,605, the lowest in the series.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
15-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 593 days late
2020
31-12
Financial
Back to profitnet €1,157
Net result €1,157 after 2 loss-making years.
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 118 days late
2019
31-12
Financial
Liquidity times 11current ratio 3.26
Current ratio from 0.30 to 3.26; short-term debt falls from €5,241 to €3,272.
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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 | MARC GILSON AVENUE DE SPA 5, 4800 VERVIERS- |
24-04-2023 → 09-01-2024 |