SEND
ActiveSummary
SEND has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.2m and a net result of €140,201. Equity remains stable across the filed financial years (±0.8% per year). Its solvency ranks better than 64% of 3,849 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Financials · financial year 2025, full format
Turnover
€38,350
EBIT margin
-93.2%
Net result
€140,201▼ 24.5%
2024 · €185,624
Working capital
-€64,203▼ 118%
2024 · -€29,404
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €35,749 in 2025 against €15,178 in 2024; the loss grows and 2025 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.04m
2025
Net result€0.1m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€8.9m
2025
Equity€6.2m
2025
Debt€2.7m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.06m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)1.6%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency70.0%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.26
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€0.04m
Operating result-€0.01m--€0.01m▼ 3.6%-€0.01m▼ 1.7%-€0.01m▼ 6.6%-€0.02m▼ 4.3%-€0.02m▲ 0.2%-€0.02m▲ 1.6%-€0.04m▼ 136%
Net result-€0.01m--€0.01m▼ 6.0%€0.05mwithin the sector's middle half€0.04mwithin the sector's middle half▼ 3.0%-€0.02mbelow the sector's middle half-€0.02mbelow the sector's middle half▼ 2.6%€0.2mwithin the sector's middle half€0.1mwithin the sector's middle half▼ 24.5%
EBIT margin-93.2%
Equity€5.8m-€5.8m▼ 0.2%€5.9mabove the sector's middle half▲ 0.8%€5.9mabove the sector's middle half▲ 0.8%€5.9mabove the sector's middle half▼ 0.3%€5.9mabove the sector's middle half▼ 0.3%€6.1mabove the sector's middle half▲ 3.2%€6.2mabove the sector's middle half▲ 2.3%
Total assets€8.9m-€8.9m=€8.9mabove the sector's middle half=€8.9mabove the sector's middle half=€8.8mabove the sector's middle half=€8.8mabove the sector's middle half=€8.9mabove the sector's middle half▲ 0.1%€8.9mwithin the sector's middle half▲ 0.1%
Debt€3.0m-€3.0m▲ 0.5%€3.0m▼ 1.6%€2.9m▼ 1.4%€2.9m▲ 0.5%€3.0m▲ 0.6%€2.8m▼ 6.0%€2.7m▼ 4.6%
Working capital-€0.03m--€0.05m▼ 42.1%-€0.06mwithin the sector's middle half▼ 29.2%-€0.08mwithin the sector's middle half▼ 24.7%-€0.1mwithin the sector's middle half▼ 22.4%-€0.1mbelow the sector's middle half▼ 18.8%-€0.03mwithin the sector's middle half▲ 74.4%-€0.06mwithin the sector's middle half▼ 118%
Solvency66.1%-65.9%▼ 0.2pp66.4%within the sector's middle half▲ 0.5pp66.9%within the sector's middle half▲ 0.5pp66.7%within the sector's middle half▼ 0.2pp66.5%within the sector's middle half▼ 0.2pp68.6%within the sector's middle half▲ 2.0pp70.0%within the sector's middle half▲ 1.5pp
Current ratio0.13-0.11▼ 0.020.05below the sector's middle half▼ 0.050.06below the sector's middle half▲ 0.010.01below the sector's middle half▼ 0.050.00below the sector's middle half▼ 0.010.24below the sector's middle half▲ 0.240.26below the sector's middle half▲ 0.02
Return on assets (ROA)-0.2%--0.2%=0.5%within the sector's middle half▲ 0.7pp0.5%within the sector's middle half=-0.2%below the sector's middle half▼ 0.7pp-0.2%below the sector's middle half=2.1%within the sector's middle half▲ 2.3pp1.6%within the sector's middle half▼ 0.5pp
above
within
below
the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.9m
Fixed assets
€8.8m =
Current assets
€22,629 ▲ 141%
Equity and liabilities €8.9m
Equity
€6.2m ▲ 2.3%
Debt
€2.7m ▼ 4.6%
Debt's share of the balance-sheet total falls from 31.4% to 30.0%. Equity is higher and debt is lower.
Key figures and ratios
Debt to equity
0.43▼
2024 · 0.46
ROE
2.3%▼
2024 · 3.1%
Debt ≤ 1 year
€86,832▲
2024 · €38,804
Debt > 1 year
€2.6m▼
2024 · €2.7m
Income taxes
€89
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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | - | - | - | - | €39,379 | - |
| Turnover70 | - | - | - | - | - | - | - | €38,350 | - |
| Other operating income74 | - | - | - | - | - | - | - | €1,029 | - |
| Operating charges60/66A | - | - | - | €14,811 | €15,452 | €15,428 | €15,178 | €75,128 | ▲ 395% |
| Services and other goods61 | - | - | - | €13,781 | €14,422 | €14,256 | €14,049 | €73,968 | ▲ 427% |
| Other operating charges640/8 | - | - | - | €1,030 | €1,030 | €1,172 | €1,130 | €1,160 | ▲ 2.7% |
| Operating profit (loss)9901 | -€13,193 | -€13,669 | -€13,895 | -€14,811 | -€15,452 | -€15,428 | -€15,178 | -€35,749 | ▼ 136% |
| Financial income75/76B | - | - | - | €60,923 | - | - | €203,077 | €177,754 | ▼ 12.5% |
| Recurring financial income75 | - | - | €60,923 | €60,923 | - | - | €203,077 | €177,754 | ▼ 12.5% |
| Income from financial fixed assets750 | - | - | - | €60,923 | - | - | €203,077 | €177,692 | ▼ 12.5% |
| Other financial income752/9 | - | - | - | - | - | - | - | €62 | - |
| Financial charges65/66B | - | - | - | €1,817 | €2,271 | €2,756 | €2,275 | €1,716 | ▼ 24.6% |
| Recurring financial charges65 | €540 | €891 | €1,378 | €1,817 | €2,271 | €2,756 | €2,275 | €1,716 | ▼ 24.6% |
| Debt charges650 | €445 | €786 | €1,259 | €1,637 | €2,121 | €2,606 | €2,117 | €1,502 | ▼ 29.0% |
| Other financial charges652/9 | - | - | - | €180 | €150 | €150 | €158 | €213 | ▲ 35.5% |
| Profit (loss) for the period before taxes9903 | -€13,732 | -€14,560 | €45,650 | €44,295 | -€17,722 | -€18,185 | €185,624 | €140,290 | ▼ 24.4% |
| Income taxes67/77 | - | - | - | - | - | - | - | €89 | - |
| Taxes670/3 | - | - | - | - | - | - | - | €89 | - |
| Profit (loss) for the period9904 | -€13,732 | -€14,560 | €45,650 | €44,295 | -€17,722 | -€18,185 | €185,624 | €140,201 | ▼ 24.5% |
| Profit (loss) for the period to be appropriated9905 | -€13,732 | -€14,560 | €45,650 | €44,295 | -€17,722 | -€18,185 | €185,624 | €140,201 | ▼ 24.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €8.9m | €8.9m | €8.9m | €8.9m | €8.8m | €8.8m | €8.9m | €8.9m | ▲ 0.1% |
| Fixed assets21/28 | €8.8m | €8.8m | €8.8m | €8.8m | €8.8m | €8.8m | €8.8m | €8.8m | = |
| Financial fixed assets28 | €8.8m | €8.8m | €8.8m | €8.8m | €8.8m | €8.8m | €8.8m | €8.8m | = |
| Affiliated companies280/1 | - | - | - | €8.8m | €8.8m | €8.8m | €8.8m | €8.8m | = |
| Participating interests280 | - | - | - | €8.8m | €8.8m | €8.8m | €8.8m | €8.8m | = |
| Current assets29/58 | €0.005m | €0.006m | €0.004m | €0.005m | €0.001m | €0.001m | €0.009m | €0.02m | ▲ 141% |
| Amounts receivable within one year40/41 | - | - | - | - | - | - | - | €0.008m | - |
| Trade receivables40 | - | - | - | - | - | - | - | €0.008m | - |
| Cash at bank and in hand54/58 | €0.005m | €0.005m | €0.003m | €0.005m | €0.001m | €92 | €0.009m | €0.01m | ▲ 49.8% |
| Deferred charges and accrued income490/1 | - | - | - | €437 | €437 | €437 | €437 | €0.002m | ▲ 261% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €8.9m | €8.9m | €8.9m | €8.9m | €8.8m | €8.8m | €8.9m | €8.9m | ▲ 0.1% |
| Equity10/15 | €5.8m | €5.8m | €5.9m | €5.9m | €5.9m | €5.9m | €6.1m | €6.2m | ▲ 2.3% |
| Contributions10/11 | €5.9m | €5.9m | - | €5.9m | €5.9m | €5.9m | €5.9m | €5.9m | = |
| Profit (loss) carried forward14 | -€0.03m | -€0.05m | -€0.003m | €0.04m | €0.02m | €0.005m | €0.2m | €0.3m | ▲ 73.6% |
| Amounts payable17/49 | €3.0m | €3.0m | €3.0m | €2.9m | €2.9m | €3.0m | €2.8m | €2.7m | ▼ 4.6% |
| Amounts payable after more than one year17 | €3.0m | €3.0m | €2.9m | €2.8m | €2.8m | €2.8m | €2.7m | €2.6m | ▼ 6.4% |
| Other amounts payable178/9 | - | - | - | €2.8m | €2.8m | €2.8m | €2.7m | €2.6m | ▼ 6.4% |
| Amounts payable within one year42/48 | €0.04m | €0.05m | €0.07m | €0.08m | €0.1m | €0.1m | €0.04m | €0.09m | ▲ 124% |
| Trade debts44 | €0.01m | €31 | - | €0.01m | €333 | €0.01m | €62 | €0.02m | ▲ 242× |
| Suppliers440/4 | - | - | - | €0.01m | €333 | €0.01m | €62 | €0.02m | ▲ 242× |
| Taxes, remuneration and social security45 | - | - | - | - | - | - | - | €0.01m | - |
| Taxes450/3 | - | - | - | - | - | - | - | €0.008m | - |
| Remuneration and social security454/9 | - | - | - | - | - | - | - | €0.003m | - |
| Other amounts payable47/48 | - | - | - | €0.07m | €0.1m | €0.1m | €0.04m | €0.06m | ▲ 57.1% |
| Accrued charges and deferred income492/3 | - | - | - | €38 | €38 | €38 | €45 | €45 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,732 | -€14,560 | €45,650 | €44,295 | -€17,722 | -€18,185 | €185,624 | €140,201 | ▼ 24.5% |
| Operating cash flow (approximation) | -€13,732 | -€14,560 | €45,650 | €44,295 | -€17,722 | -€18,185 | €185,624 | €140,201 | ▼ 24.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €234 | -€2,249 | €1,524 | -€4,075 | -€472 | €8,872 | €4,464 | ▼ 49.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 24-06-2026 | 2026-00191331 |
| 31-12-2024 | full format | 09-07-2025 | 2025-00262309 |
| 31-12-2023 | full format | 04-07-2024 | 2024-00211593 |
| 31-12-2022 | full format | 26-06-2023 | 2023-00159798 |
| 31-12-2021 | full format | 06-07-2022 | 2022-20155528 |
| 31-12-2020 | full format | 30-06-2021 | 2021-28100478 |
| 31-12-2019 | full format | 09-07-2020 | 2020-28200208 |
| 31-12-2018 | full format | 26-06-2019 | 2019-23800483 |
| 31-12-2017 | full format | 05-07-2018 | 2018-29100493 |
| 31-12-2016 | full format | 07-07-2017 | 2017-28600533 |
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Of the 82,448 active companies whose main activity is business and other management consultancy (NACE 70200), figures are known for 53,994. 9,733 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.