SERASTECH
InactiveFinancials · financial year 2019, abbreviated format
Annual accounts 2019 filed on 29-07-2020 PDF all 8 filings
Turnover
≈ €730,000
Estimated: probably between €440,000 and €1.2m
Total assets
€400,048▼ 56.4%
2018 · €918,005
Net result
€9,405▼ 13.6%
2018 · €10,883
Working capital
€59,338▲ 20.4%
2018 · €49,277
Multi-year overview
2018 to 2019, 2 financial yearsOperating result
€28,555
▼ 47.2%
2019
20182019
Net result
€9,405
▼ 13.6%
2019
20182019
Equity
€76,111
▲ 14.1%
2019
20182019
Total assets
€400,048
▼ 56.4%
2019
20182019
Debt
€323,937
▼ 61.9%
2019
20182019
Working capital
€59,338
▲ 20.4%
2019
20182019
Staff (FTE)
8.7
▲ 42.6%
2019
20182019
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019
Operating result€54,103-€28,555▼ 47.2%
Net result€10,883-€9,405▼ 13.6%
Equity€66,705-€76,111▲ 14.1%
Total assets€918,005-€400,048▼ 56.4%
Debt€851,299-€323,937▼ 61.9%
Working capital€49,277-€59,338▲ 20.4%
Staff (FTE)6.1-8.7▲ 42.6%
The operating result for 2019 is 47% lower than in 2018.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €400,048
Fixed assets
€16,773 ▼ 3.8%
Current assets
€383,275 ▼ 57.4%
Equity and liabilities €400,048
Equity
€76,111 ▲ 14.1%
Debt
€323,937 ▼ 61.9%
Debt's share of the balance-sheet total falls from 92.7% to 81.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€29,330▼
2018 · €55,333
Cash flow
€10,181▼
2018 · €12,112
Current ratio
1.18▲
2018 · 1.06
ROE
12.4%▼
2018 · 16.3%
ROA
2.4%▲
2018 · 1.2%
Debt ≤ 1 year
€323,937▼
2018 · €851,299
Income taxes
€9,736▼
2018 · €21,105
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,229 | €775 | ▼ 36.9% |
| Gross operating margin9900 | €219,358 | €308,852 | ▲ 40.8% |
| Operating profit (loss)9901 | €54,103 | €28,555 | ▼ 47.2% |
| Recurring financial income75 | €1 | €31 | ▲ 34× |
| Recurring financial charges65 | €22,116 | €9,444 | ▼ 57.3% |
| Profit (loss) for the period before taxes9903 | €31,988 | €19,142 | ▼ 40.2% |
| Income taxes67/77 | €21,105 | €9,736 | ▼ 53.9% |
| Profit (loss) for the period9904 | €10,883 | €9,405 | ▼ 13.6% |
| Profit (loss) for the period to be appropriated9905 | €10,883 | €9,405 | ▼ 13.6% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €918,005 | €400,048 | ▼ 56.4% |
| Fixed assets21/28 | €17,428 | €16,773 | ▼ 3.8% |
| Tangible fixed assets22/27 | €12,285 | €11,510 | ▼ 6.3% |
| Financial fixed assets28 | €5,144 | €5,264 | ▲ 2.3% |
| Current assets29/58 | €900,577 | €383,275 | ▼ 57.4% |
| Amounts receivable within one year40/41 | €888,860 | €374,598 | ▼ 57.9% |
| Cash at bank and in hand54/58 | €11,716 | €8,677 | ▼ 25.9% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €918,005 | €400,048 | ▼ 56.4% |
| Equity10/15 | €66,705 | €76,111 | ▲ 14.1% |
| Contributions10/11 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €46,245 | €55,651 | ▲ 20.3% |
| Amounts payable17/49 | €851,299 | €323,937 | ▼ 61.9% |
| Amounts payable within one year42/48 | €851,299 | €323,937 | ▼ 61.9% |
| Trade debts44 | €496,801 | €125,103 | ▼ 74.8% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €10,883 | €9,405 | ▼ 13.6% |
| + Depreciation and write-downs630 | €1,229 | €775 | ▼ 36.9% |
| Operating cash flow (approximation) | €12,112 | €10,181 | ▼ 15.9% |
| Investment in fixed assets (approximation) | - | -€120 | - |
| Change in cash | - | -€3,039 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2019 | abbreviated format | 29-07-2020 | 2020-36200385 | |
| 31-12-2018 | micro format | 29-08-2019 | 2019-58700280 | |
| 31-12-2017 | micro format | 29-06-2018 | 2018-27700169 | |
| 31-12-2016 | micro format | 08-09-2017 | 2017-60500395 | |
| 31-12-2015 | abbreviated format | 31-08-2016 | 2016-57400387 | |
| 31-12-2014 | abbreviated format | 29-10-2015 | 2015-65900252 | |
| 31-12-2013 | abbreviated format | 10-02-2015 | 2015-04000222 | |
| 31-12-2012 | abbreviated format | 11-03-2014 | 2014-06600131 |