SENELTEC
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 03-04-2026 PDF all 29 filings
Turnover
≈ €96,000
Estimated: probably between €55,000 and €390,000
EBIT margin
Not included in this filing
Net result
€6,189▼ 66.7%
2024 · €18,581
Working capital
€109,744▼ 57.6%
2024 · €258,940
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result for 2025 is 72% lower than in 2024 and the lowest since 2021. It is the fourth fall in a row.
Operating result€6,555
2025
Net result€6,189
2025
Total assets€671,739
2025
Equity€512,049
2025
Debt€159,690
2025
Working capital€109,744
2025
Return on assets (ROA)0.9%
2025
Solvency76.2%
2025
Current ratio1.69
2025
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.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Wholesale trade (NACE 46). 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 dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€105,908-€160,179▲ 51.2%€203,247▲ 26.9%€187,190▼ 7.9%€23,672▼ 87.4%€23,532▼ 0.6%€6,555▼ 72.1%
Net result€65,293-€101,300above the sector's middle half▲ 55.1%€136,572above the sector's middle half▲ 34.8%€125,940within the sector's middle half▼ 7.8%€14,738within the sector's middle half▼ 88.3%€18,581within the sector's middle half▲ 26.1%€6,189within the sector's middle half▼ 66.7%
Equity€402,055-€503,355above the sector's middle half▲ 25.2%€639,927above the sector's middle half▲ 27.1%€736,067within the sector's middle half▲ 15.0%€709,587above the sector's middle half▼ 3.6%€662,875above the sector's middle half▼ 6.6%€512,049above the sector's middle half▼ 22.8%
Total assets€428,211-€529,765above the sector's middle half▲ 23.7%€661,242above the sector's middle half▲ 24.8%€778,774below the sector's middle half▲ 17.8%€752,956above the sector's middle half▼ 3.3%€732,096above the sector's middle half▼ 2.8%€671,739above the sector's middle half▼ 8.2%
Debt€26,156-€26,410▲ 1.0%€21,315▼ 19.3%€42,707▲ 100%€43,368▲ 1.5%€69,221▲ 59.6%€159,690▲ 131%
Working capital€2,055-€103,355above the sector's middle half▲ 50×€238,441above the sector's middle half▲ 131%€333,219within the sector's middle half▲ 39.7%€303,766above the sector's middle half▼ 8.8%€258,940above the sector's middle half▼ 14.8%€109,744within the sector's middle half▼ 57.6%
Solvency93.9%-95.0%above the sector's middle half▲ 1.1pp96.8%above the sector's middle half▲ 1.8pp94.5%above the sector's middle half▼ 2.3pp94.2%above the sector's middle half▼ 0.3pp90.5%above the sector's middle half▼ 3.7pp76.2%above the sector's middle half▼ 14.3pp
Current ratio1.08-4.91above the sector's middle half▲ 3.8312.19above the sector's middle half▲ 7.278.80above the sector's middle half▼ 3.388.00above the sector's middle half▼ 0.804.74above the sector's middle half▼ 3.261.69within the sector's middle half▼ 3.05
Return on assets (ROA)15.2%-19.1%above the sector's middle half▲ 3.9pp20.7%above the sector's middle half▲ 1.5pp16.2%above the sector's middle half▼ 4.5pp2.0%within the sector's middle half▼ 14.2pp2.5%within the sector's middle half▲ 0.6pp0.9%within the sector's middle half▼ 1.6pp
above
within
below
The sector band is the middle half of the companies in Wholesale trade (NACE 46). 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 turnover shown is an estimate from the gross margin.
Large changes and their cause
- 2023 Net result -88% on 2022. The accounts now follow the micro format, last year the full format.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €671,739
Fixed assets
€402,305 ▼ 0.4%
Current assets
€269,434 ▼ 17.9%
Equity and liabilities €671,739
Equity
€512,049 ▼ 22.8%
Debt
€159,690 ▲ 131%
Debt's share of the balance-sheet total rises from 9.5% to 23.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€8,185▼
2024 · €25,418
Cash flow
€7,818▼
2024 · €20,467
Debt to equity
0.31▲
2024 · 0.10
ROE
1.2%▼
2024 · 2.8%
Interest coverage
2.31▼
2024 · 11.90
Debt ≤ 1 year
€159,690▲
2024 · €69,221
Income taxes
€3,747▼
2024 · €9,215
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,695 | €1,958 | €4,475 | - | - |
| Depreciation and write-downs of the year | €209 | €596 | €1,501 | €1,886 | €1,630 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as SENELTEC: wholesale of electrical household appliances and audio-video equipment (NACE 46431). They are comparable in size and age: total assets between €363,000 and €803,000, founded between 1989 and 1996.
| Company | Founded | Total assets | Equity | Gross margin | Turnover | Net result | Financial year |
|---|---|---|---|---|---|---|---|
| SENELTEC Dison | 1996 | €671,739 | €512,049 | €9,822 | - | €6,189 | 2025 |
| KENNES Bekkevoort | 1995 | €529,489 | €522,702 | €5,872 | - | -€19,139 | 2025 |
| MEERTENS Maasmechelen | 1989 | €802,812 | €507,275 | €10,234 | - | -€36,184 | 2025 |
| Yucco Zaventem | 1991 | €514,882 | €12,998 | €16,053 | €33,420 | €11,053 | 2024 |
| WALIM Ukkel | 1990 | €660,012 | €542,370 | €21,892 | - | €17,961 | 2024 |
| TEBA Sint-Truiden | 1996 | €362,605 | €342,903 | €4,723 | - | -€6,744 | 2026 |
| VANDERPIJPEN ELECTRO - MARKET Ninove | 1993 | €586,410 | €566,355 | €26,863 | - | €15,288 | 2025 |
They were chosen from the 706 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €755 | - | €209 | €596 | €1,501 | €1,886 | €1,630 | ▼ 13.6% |
| Other operating charges640/8 | - | - | €1,162 | €1,497 | €1,146 | €1,560 | €1,637 | ▲ 4.9% |
| Gross operating margin9900 | €107,441 | €161,056 | €204,618 | €189,283 | €26,319 | €26,978 | €9,822 | ▼ 63.6% |
| Operating profit (loss)9901 | €105,908 | €160,179 | €203,247 | €187,190 | €23,672 | €23,532 | €6,555 | ▼ 72.1% |
| Financial income75/76B | - | - | - | - | - | €6,400 | €6,922 | ▲ 8.2% |
| Recurring financial income75 | - | - | - | - | - | €6,400 | €6,922 | ▲ 8.2% |
| Financial charges65/66B | - | - | €1,866 | €2,040 | €1,715 | €2,136 | €3,542 | ▲ 65.8% |
| Recurring financial charges65 | €1,760 | €561 | €1,866 | €2,040 | €1,715 | €2,136 | €3,542 | ▲ 65.8% |
| Profit (loss) for the period before taxes9903 | €104,148 | €159,618 | €201,381 | €185,150 | €21,957 | €27,796 | €9,936 | ▼ 64.3% |
| Income taxes67/77 | €38,855 | €58,318 | €64,809 | €59,210 | €7,219 | €9,215 | €3,747 | ▼ 59.3% |
| Profit (loss) for the period9904 | €65,293 | €101,300 | €136,572 | €125,940 | €14,738 | €18,581 | €6,189 | ▼ 66.7% |
| Profit (loss) for the period to be appropriated9905 | €65,293 | €101,300 | €136,572 | €125,940 | €14,738 | €18,581 | €6,189 | ▼ 66.7% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €428,211 | €529,765 | €661,242 | €778,774 | €752,956 | €732,096 | €671,739 | ▼ 8.2% |
| Formation expenses20 | €0 | €0 | €0 | €0 | - | - | - | - |
| Fixed assets21/28 | €400,000 | €400,000 | €401,486 | €402,848 | €405,821 | €403,935 | €402,305 | ▼ 0.4% |
| Tangible fixed assets22/27 | €0 | €0 | €1,486 | €2,848 | €5,821 | €3,935 | €2,305 | ▼ 41.4% |
| Plant, machinery and equipment23 | - | - | €1,486 | €1,147 | €808 | €469 | €130 | ▼ 72.3% |
| Furniture and vehicles24 | - | - | €0 | €1,701 | €5,013 | €3,465 | €2,175 | ▼ 37.2% |
| Financial fixed assets28 | €400,000 | €400,000 | €400,000 | €400,000 | €400,000 | €400,000 | €400,000 | = |
| Current assets29/58 | €28,211 | €129,765 | €259,756 | €375,926 | €347,135 | €328,162 | €269,434 | ▼ 17.9% |
| Amounts receivable within one year40/41 | €10,173 | €12,106 | €12,107 | €14,810 | €44,270 | €12,875 | €19,585 | ▲ 52.1% |
| Trade receivables40 | - | - | €12,100 | €14,800 | €1,489 | €10,170 | €10,170 | = |
| Other amounts receivable41 | - | - | €7 | €10 | €42,781 | €2,705 | €9,415 | ▲ 248% |
| Current investments50/53 | - | - | - | - | €200,000 | €200,000 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €18,038 | €117,659 | €247,649 | €360,620 | €102,339 | €113,447 | €248,023 | ▲ 119% |
| Deferred charges and accrued income490/1 | - | - | - | €496 | €526 | €1,840 | €1,826 | ▼ 0.7% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €428,211 | €529,765 | €661,242 | €778,774 | €752,956 | €732,096 | €671,739 | ▼ 8.2% |
| Equity10/15 | €402,055 | €503,355 | €639,927 | €736,067 | €709,587 | €662,875 | €512,049 | ▼ 22.8% |
| Contributions10/11 | €94,300 | - | €94,300 | €94,300 | €94,300 | €94,300 | €94,300 | = |
| Capital10 | - | - | €94,300 | €94,300 | €94,300 | €94,300 | €94,300 | = |
| Issued capital100 | - | - | €94,300 | €94,300 | €94,300 | €94,300 | €94,300 | = |
| Contributions outside capital11 | - | - | €0 | - | - | - | - | - |
| Other1109/19 | - | - | €0 | - | - | - | - | - |
| Reserves13 | €150,741 | €252,040 | €388,612 | €484,753 | €458,273 | €411,561 | €417,749 | ▲ 1.5% |
| Non-distributable reserves130/1 | - | - | €9,430 | €9,430 | €9,430 | €9,430 | €9,430 | = |
| Legal reserve130 | - | - | €9,430 | €9,430 | €9,430 | €9,430 | €9,430 | = |
| Tax-exempt reserves132 | - | - | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Distributable reserves133 | - | - | €374,182 | €470,323 | €443,843 | €397,131 | €403,319 | ▲ 1.6% |
| Profit (loss) carried forward14 | €157,014 | €157,014 | €157,014 | €157,014 | €157,014 | €157,014 | €0 | ▼ 100% |
| Amounts payable17/49 | €26,156 | €26,410 | €21,315 | €42,707 | €43,368 | €69,221 | €159,690 | ▲ 131% |
| Amounts payable within one year42/48 | €26,156 | €26,410 | €21,315 | €42,707 | €43,368 | €69,221 | €159,690 | ▲ 131% |
| Trade debts44 | €1,384 | €1,473 | €1,650 | €4,863 | €0 | €1,204 | €957 | ▼ 20.5% |
| Suppliers440/4 | - | - | €1,650 | €4,863 | €0 | €1,204 | €957 | ▼ 20.5% |
| Taxes, remuneration and social security45 | - | - | €19,665 | €8,044 | €2,151 | €2,724 | €1,719 | ▼ 36.9% |
| Taxes450/3 | - | - | €17,415 | €5,794 | €2,151 | €2,724 | €1,719 | ▼ 36.9% |
| Remuneration and social security454/9 | - | - | €2,250 | €2,250 | €0 | - | - | - |
| Other amounts payable47/48 | - | - | - | €29,800 | €41,218 | €65,293 | €157,014 | ▲ 140% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €65,293 | €101,300 | €136,572 | €125,940 | €14,738 | €18,581 | €6,189 | ▼ 66.7% |
| + Depreciation and write-downs630 | €755 | - | €209 | €596 | €1,501 | €1,886 | €1,630 | ▼ 13.6% |
| Operating cash flow (approximation) | €66,048 | €101,300 | €136,781 | €126,536 | €16,239 | €20,467 | €7,818 | ▼ 61.8% |
| Investment in fixed assets (approximation) | - | €0 | -€1,695 | -€1,958 | -€4,475 | €0 | €0 | - |
| Change in cash | - | €99,621 | €129,990 | €112,971 | -€258,282 | €11,108 | €134,576 | ▲ 12× |
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 29 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 03-04-2026 | 2026-00072189 | |
| 30-09-2024 | micro format | 05-02-2025 | 2025-00028319 | |
| 30-09-2023 | micro format | 06-02-2024 | 2024-00030107 | |
| 30-09-2022 | full format | 10-02-2023 | 2023-00026111 | |
| 30-09-2021 | micro format | 29-04-2022 | 2022-20012930 | |
| 30-09-2020 | micro format | 28-04-2021 | 2021-11700556 | |
| 30-09-2019 | full format | 28-04-2020 | 2020-10500428 | |
| 30-09-2018 | full format | 20-03-2019 | 2019-07500034 | |
| 30-09-2017 | full format | 21-03-2018 | 2018-07500308 | |
| 30-09-2016 | full format | 22-03-2017 | 2017-07100469 |