SERACASA
InactiveSERACASA was declared bankrupt on 06-06-2023 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed for insufficient assets by judgment of 29-10-2024, published in the Belgian State Gazette on 05-11-2024.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 9 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline27-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 17-12-2021, 139 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
139 d late
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 54 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 2020, micro schema
Equity
€109,546▼ 39.4%
2019 · €180,721
Total assets
€1.9m▲ 116%
2019 · €858,007
Net result
€5,047▼ 95.3%
2019 · €106,675
Working capital
-€379,732
2019 · €124,605
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
Line201820192020
Operating result€2,377-€133,194▲ 5,504%€76,384▼ 42.7%
Net result-€8,376-€106,675€5,047▼ 95.3%
Equity€74,046-€180,721▲ 144%€109,546▼ 39.4%
Total assets€690,287-€858,007▲ 24.3%€1.9m▲ 116%
Debt€616,241-€677,286▲ 9.9%€1.7m▲ 158%
Working capital-€33,783-€124,605-€379,732
Staff (FTE)1-0.2▼ 80.0%0.2=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2020; 2020 is 43% below 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €1.9m
Fixed assets
€1.1m ▲ 150%
Current assets
€790,155 ▲ 83.1%
Equity and liabilities €1.9m
Equity
€109,546 ▼ 39.4%
Debt
€1.7m ▲ 158%
Debt's share of the balance-sheet total rises from 78.9% to 94.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€92,033▼
2019 · €148,843
Cash flow
€20,695▼
2019 · €122,324
Current ratio
0.68▼
2019 · 1.41
Quick ratio
0.36▲
2019 · 0.19
Debt to equity
3.59▲
2019 · 2.05
ROE
4.6%▼
2019 · 59.0%
ROA
0.3%▼
2019 · 12.4%
Debt ≤ 1 year
€1.2m▲
2019 · €307,052
Debt > 1 year
€393,064▲
2019 · €370,234
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,649 | €15,649 | €15,649 | = |
| Gross operating margin9900 | €50,786 | €163,024 | €102,045 | ▼ 37.4% |
| Operating profit (loss)9901 | €2,377 | €133,194 | €76,384 | ▼ 42.7% |
| Recurring financial income75 | €56 | - | €34,988 | - |
| Recurring financial charges65 | €10,808 | €11,076 | €106,326 | ▲ 860% |
| Profit (loss) for the period before taxes9903 | -€8,376 | €122,118 | €5,047 | ▼ 95.9% |
| Income taxes67/77 | - | €15,442 | - | - |
| Profit (loss) for the period9904 | -€8,376 | €106,675 | €5,047 | ▼ 95.3% |
| Profit (loss) for the period to be appropriated9905 | -€8,376 | €106,675 | €5,047 | ▼ 95.3% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €690,287 | €858,007 | €1.9m | ▲ 116% |
| Fixed assets21/28 | €441,499 | €426,350 | €1.1m | ▲ 150% |
| Tangible fixed assets22/27 | €410,557 | €394,908 | €1.0m | ▲ 162% |
| Financial fixed assets28 | €30,942 | €31,442 | €31,442 | = |
| Current assets29/58 | €248,788 | €431,657 | €790,155 | ▲ 83.1% |
| Stocks and contracts in progress3 | €248,240 | €372,129 | €372,129 | = |
| Amounts receivable within one year40/41 | - | - | €413,522 | - |
| Cash at bank and in hand54/58 | €548 | €59,528 | €4,505 | ▼ 92.4% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €690,287 | €858,007 | €1.9m | ▲ 116% |
| Equity10/15 | €74,046 | €180,721 | €109,546 | ▼ 39.4% |
| Contributions10/11 | €12,400 | €12,400 | - | - |
| Reserves13 | €127,870 | €158,321 | €127,870 | ▼ 19.2% |
| Profit (loss) carried forward14 | -€76,224 | -€67,848 | -€40,723 | ▲ 40.0% |
| Amounts payable17/49 | €616,241 | €677,286 | €1.7m | ▲ 158% |
| Amounts payable after more than one year17 | €333,670 | €370,234 | €393,064 | ▲ 6.2% |
| Amounts payable within one year42/48 | €282,571 | €307,052 | €1.2m | ▲ 281% |
| Trade debts44 | €154,696 | €9,404 | €81,338 | ▲ 765% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,376 | €106,675 | €5,047 | ▼ 95.3% |
| + Depreciation and write-downs630 | €15,649 | €15,649 | €15,649 | = |
| Operating cash flow (approximation) | €7,272 | €122,324 | €20,695 | ▼ 83.1% |
| Investment in fixed assets (approximation) | - | -€500 | -€655,023 | ▼ 130,905% |
| Change in cash | - | €58,981 | -€55,024 | ▼ 193% |
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
05-11
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 29-10-2024
2023
12-06
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 06-06-2023
2021
17-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 139 days late
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
22-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 175 days late
2019
31-12
Financial
Back to profitnet €106,675
Net result €106,675 after one loss-making year.
31-12
Financial
Equity above €150,000Eq €180,721 ▲144%
Equity rises from €74,046 to €180,721.
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 58 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
2016
27-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 58 days late
2015
27-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 27 days late
2014
25-06
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
05-09
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 36 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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 | SVEN LEENDERS GROTE STEENWEG 154,
2600 BERCHEM (ANTWERPEN) |
06-06-2023 → 29-10-2024 |