Sentea (0696.682.308): financials and annual accounts

Sentea

Ghent ·KBO/BCE: BE 0696.682.308

Line	2025	2024	2023	2022	2021	2020	2019
Balance sheet: assets
Total assets`20/58`	2.7m	1.9m	3.0m	2.9m	2.0m	2.0m	1.7m
Fixed assets`21/28`	558,949	746,580	864,821	825,274	730,477	420,154	437,336
Intangible fixed assets`21`	476,076	619,086	689,937	578,709	437,260	205,796	244,412
Tangible fixed assets`22/27`	34,247	81,532	133,421	211,049	258,832	192,233	180,527
Plant, machinery and equipment`23`	32,505	78,438	133,421	211,049	258,832	192,233	180,527
Furniture and vehicles`24`	1,742	3,094	-	-	-	-	-
Financial fixed assets`28`	48,627	45,963	41,463	35,517	34,385	22,125	12,397
Current assets`29/58`	2.1m	1.2m	2.2m	2.1m	1.3m	1.5m	1.3m
Amounts receivable after more than one year`29`	92,922	57,824	150,543	427,052	24,918	24,918	195,248
Other amounts receivable`291`	92,922	57,824	150,543	427,052	24,918	24,918	195,248
Stocks and contracts in progress`3`	232,976	286,455	200,448	273,552	215,186	46,977	-
Stocks`30/36`	232,976	286,455	200,448	273,552	215,186	46,977	-
Amounts receivable within one year`40/41`	778,585	578,107	659,946	658,416	202,663	308,234	410,237
Trade receivables`40`	282,861	165,340	122,917	56,494	60,001	12,755	-
Other amounts receivable`41`	495,724	412,767	537,029	601,922	142,662	295,480	410,237
Cash at bank and in hand`54/58`	954,975	209,850	1.0m	694,522	801,999	1.1m	638,757
Deferred charges and accrued income`490/1`	46,494	47,512	137,820	21,852	44,518	39,070	21,469
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	2.7m	1.9m	3.0m	2.9m	2.0m	2.0m	1.7m
Equity`10/15`	1.9m	1.6m	2.7m	2.7m	1.7m	1.7m	1.6m
Contributions`10/11`	2.3m	2.4m	4.5m	3.0m	4.2m	3.1m	179,525
Capital`10`	642,357	734,525	2.8m	1.3m	2.5m	-	-
Issued capital`100`	642,357	734,525	2.8m	1.3m	2.5m	1.4m	179,525
Contributions outside capital`11`	1.7m	1.7m	1.7m	1.7m	1.7m	1.7m	1.7m
Share premium`1100/10`	1.7m	1.7m	1.7m	1.7m	1.7m	1.7m	1.7m
Profit (loss) carried forward`14`	-763,212	-1.1m	-2.3m	-1.3m	-2.5m	-1.5m	-744,030
Investment grants`15`	375,119	224,310	535,028	994,357	5,746	133,236	465,646
Amounts payable`17/49`	715,112	353,430	358,045	230,899	299,421	269,038	106,381
Amounts payable after more than one year`17`	238,752	-	-	-	-	-	-
Financial debts`170/4`	238,752	-	-	-	-	-	-
Amounts payable within one year`42/48`	476,360	353,430	354,295	227,149	299,421	269,038	106,362
Current portion of amounts payable after more than one year`42`	61,248	-	-	-	-	-	-
Trade debts`44`	239,711	187,680	187,382	93,282	176,115	173,270	78,702
Suppliers`440/4`	239,711	187,680	187,382	93,282	176,115	173,270	78,702
Advances received on contracts in progress`46`	-	-	0	6,442	-	-	-
Taxes, remuneration and social security`45`	175,401	165,750	166,913	127,425	123,306	95,768	27,660
Taxes`450/3`	13,654	0	14,561	8,592	6,346	2,821	7
Remuneration and social security`454/9`	161,747	165,750	152,351	118,832	116,960	92,947	27,653
Accrued charges and deferred income`492/3`	-	0	3,750	3,750	-	0	20
Income statement
Turnover`70`	913,263	-	-	-	-	-	-
Gross operating margin`9900`	-448,567	-431,425	-133,447	-200,329	-6,947	60,521	-20,288
Goods, raw materials, services and sundry goods`60/61`	1.8m	-	-	-	-	-	-
Remuneration, social security and pensions`62`	869,178	811,020	711,028	579,405	532,989	397,100	270,547
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	561,804	545,676	681,069	539,109	505,161	798,723	896,808
Other operating charges`640/8`	1,375	1,249	1,092	990	1,138	617	745
Operating profit (loss)`9901`	-1.9m	-1.8m	-1.5m	-1.3m	-1.0m	-1.1m	-1.2m
Financial income`75/76B`	310,991	233,006	472,658	153,015	47,877	332,642	418,626
Recurring financial income`75`	310,991	233,006	472,658	153,015	47,877	332,642	418,626
Financial charges`65/66B`	73,941	3,136	14,153	17,492	5,114	4,717	4,966
Recurring financial charges`65`	73,941	3,136	14,153	17,492	5,114	4,717	4,966
Profit (loss) for the period before taxes`9903`	-1.6m	-1.6m	-1.1m	-1.2m	-1.0m	-807,992	-774,728
Income taxes`67/77`	-12,125	-28,037	-22,768	-20,126	-27,064	-34,624	-30,699
Profit (loss) for the period`9904`	-1.6m	-1.5m	-1.0m	-1.2m	-976,408	-773,368	-744,030
Profit (loss) for the period to be appropriated`9905`	-1.6m	-1.5m	-1.0m	-1.2m	-976,408	-773,368	-744,030
Appropriation of the result
Profit (loss) to be appropriated`9906`	-2.7m	-3.9m	-2.3m	-1.3m	-2.5m	-1.5m	-744,030
Profit (loss) brought forward from the previous period`14P`	-1.1m	-2.3m	-1.3m	-129,921	-1.5m	-	-
Transfer from equity`791/2`	2.0m	2.8m	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	7.7	8.1	7.1	6.9	7.1	5.2	2.4
Hours worked`1013`	13,148	13,242	12,343	12,098	12,654	9,082	6,802
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
31-12-2025	full format	17-07-2026	2026-00305515	PDF
31-12-2024	abbreviated format	17-07-2025	2025-00294051	PDF
31-12-2023	abbreviated format	11-07-2024	2024-00250186	PDF
31-12-2022	abbreviated format	05-07-2023	2023-00211326	PDF
31-12-2021	abbreviated format	13-07-2022	2022-20192274	PDF
31-12-2020	abbreviated format	01-07-2021	2021-28800454	PDF
31-12-2019	micro format	25-06-2020	2020-22600274	PDF

Year	Entries	Awarded	Paid
2025	4	€388,797	€219,466
2024	1	€0	€143,000
2023	3	€363,936	€363,163
2022	1	€540,591	€216,000

Year	Entries	Awarded
2024	1	€25,729
2022	3	€239,906

Line	2025	2024	2023	2022	2021	2020	2019
EBITDA	-1.3m	-1.2m	-845,566	-780,723	-541,074	-337,195	-291,580
Cash flow	-1.1m	-985,786	-364,293	-625,073	-471,248	25,354	152,778
Investment in fixed assets	374,173	427,435	720,616	633,906	815,483	781,540	1.3m
Change in cash	745,125	-799,696	315,023	-107,476	-322,749	485,990	-
Working capital	1.6m	826,317	1.8m	1.8m	989,863	1.3m	1.2m
Solvency	73.2%	81.7%	88.2%	92.0%	85.2%	86.3%	93.8%
Current ratio	4.42	3.34	6.09	9.14	4.31	5.74	11.90
Quick ratio	3.93	2.53	5.53	7.93	3.59	5.56	11.90
Debt to equity	0.37	0.22	0.13	0.09	0.17	0.16	0.07
ROE	-83.7%	-97.4%	-39.2%	-43.6%	-56.8%	-45.6%	-46.6%
ROA	-61.2%	-79.5%	-34.6%	-40.1%	-48.3%	-39.4%	-43.7%
Interest coverage	-17.84	-396.61	-59.74	-44.63	-105.80	-	-
Customer credit	113 days	-	-	-	-	-	-
Supplier credit	47 days	-	-	-	-	-	-

Sentea

Annual accounts 2025

Money flows

Balance sheet

Change in equityin €m

Change in cashin €m

Position in the sector

Solvency73.2%

Current ratio4.42

Return on assets-61.2%

Staff

Staff cost per FTE€112,880

Joined and left-1

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2022 to 2025, 9 entries, €1.3m awarded, €941,629 paid

European Union 2022 to 2024, 4 entries, €265,634 in total

European research 1 project, €239,906 EU contribution

Projects

Key figures and ratios

Social balance sheet

Securities and guarantees

Investments

Insights on Sentea

Next steps

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	8	9	7	6	7
full-time	6	8	6	6	7
part-time	2	1	1	0	0
in full-time equivalents	7.6	8.8	6.8	6	7
Average over the year, in full-time equivalents	7.7	8.1	7.1	6.9	7.1
On a permanent contract	8	9	7	6	7
Joined	0	3	3	1	1
Left	1	1	2	2	1

Item	2025	2024	2023	2022	2021
Debts secured on the company's own assets	€300,000	-	-	-	-
Debts guaranteed by Belgian public bodies	€300,000	-	-	-	-
Pledge on the business	€300,000	-	-	-	-

Item	2025	2024	2023	2022	2021
Tangible fixed assets	-	€4,057	€10,700	€36,441	€131,433
Intangible fixed assets	€371,509	€418,878	€703,970	€596,332	€671,790
Financial fixed assets	€2,664	€4,500	€5,946	€1,132	€12,260
Depreciation and write-downs of the year	€561,804	€545,676	€681,069	€539,109	€505,161