SERGROUP
Open bankruptcyFinancials · financial year 2023, micro format
Turnover
≈ €720,000
Estimated: probably between €620,000 and €880,000
Total assets
€223,198▲ 53.7%
2022 · €145,250
Net result
€1,337▼ 94.7%
2022 · €25,180
Working capital
€75,569▲ 124%
2022 · €33,672
Trend over the years
2021 to 2023, 3 financial years
The operating result falls in 2023; 2023 is 82% below 2022 and is 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€6,883
2023
Net result€1,337
2023
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€223,198
2023
Equity€57,636
2023
Debt€165,563
2023
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€75,569
2023
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)0.6%
2023
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency25.8%
2023
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.75
2023
Average staff in full-time equivalents (FTE).
Staff (FTE)7.3
2023
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction 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
Line202120222023
Operating result€35,518-€38,722▲ 9.0%€6,883▼ 82.2%
Net result€28,119above the sector's middle half-€25,180within the sector's middle half▼ 10.5%€1,337within the sector's middle half▼ 94.7%
Equity€31,119within the sector's middle half-€56,299within the sector's middle half▲ 80.9%€57,636within the sector's middle half▲ 2.4%
Total assets€69,007within the sector's middle half-€145,250within the sector's middle half▲ 110%€223,198within the sector's middle half▲ 53.7%
Debt€37,887-€88,951▲ 135%€165,563▲ 86.1%
Working capital€27,601within the sector's middle half-€33,672within the sector's middle half▲ 22.0%€75,569within the sector's middle half▲ 124%
Solvency45.1%within the sector's middle half-38.8%within the sector's middle half▼ 6.3pp25.8%within the sector's middle half▼ 12.9pp
Current ratio1.73within the sector's middle half-1.38within the sector's middle half▼ 0.351.75within the sector's middle half▲ 0.37
Return on assets (ROA)40.7%above the sector's middle half-17.3%within the sector's middle half▼ 23.4pp0.6%within the sector's middle half▼ 16.7pp
Staff (FTE)1.3-4.1▲ 215%7.3▲ 78.0%
above
within
below
the middle half of NACE 43, Specialised construction 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.
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €223,198
Fixed assets
€46,772 ▲ 107%
Current assets
€176,427 ▲ 43.9%
Equity and liabilities €223,198
Equity
€57,636 ▲ 2.4%
Debt
€165,563 ▲ 86.1%
Debt's share of the balance-sheet total rises from 61.2% to 74.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€13,230▼
2022 · €40,904
Cash flow
€7,683▼
2022 · €27,362
Debt to equity
2.87▲
2022 · 1.58
ROE
2.3%▼
2022 · 44.7%
Interest coverage
4.41▼
2022 · 11.54
Debt ≤ 1 year
€100,857▲
2022 · €88,951
Debt > 1 year
€3,201
Income taxes
€3,025▼
2022 · €10,312
Staff costs
€289,593▲
2022 · €153,356
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €33,775 | €153,356 | €289,593 | ▲ 88.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €87 | €2,182 | €6,346 | ▲ 191% |
| Other operating charges640/8 | €781 | €6,463 | €18,388 | ▲ 184% |
| Gross operating margin9900 | €70,162 | €200,723 | €321,211 | ▲ 60.0% |
| Operating profit (loss)9901 | €35,518 | €38,722 | €6,883 | ▼ 82.2% |
| Financial income75/76B | €0 | €313 | €476 | ▲ 52.4% |
| Recurring financial income75 | €0 | €313 | €476 | ▲ 52.4% |
| Financial charges65/66B | €102 | €3,543 | €2,999 | ▼ 15.4% |
| Recurring financial charges65 | €102 | €3,543 | €2,999 | ▼ 15.4% |
| Profit (loss) for the period before taxes9903 | €35,417 | €35,492 | €4,361 | ▼ 87.7% |
| Income taxes67/77 | €7,297 | €10,312 | €3,025 | ▼ 70.7% |
| Profit (loss) for the period9904 | €28,119 | €25,180 | €1,337 | ▼ 94.7% |
| Profit (loss) for the period to be appropriated9905 | €28,119 | €25,180 | €1,337 | ▼ 94.7% |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €69,007 | €145,250 | €223,198 | ▲ 53.7% |
| Fixed assets21/28 | €3,519 | €22,627 | €46,772 | ▲ 107% |
| Tangible fixed assets22/27 | €2,413 | €18,321 | €28,866 | ▲ 57.6% |
| Plant, machinery and equipment23 | - | €3,394 | €2,060 | ▼ 39.3% |
| Furniture and vehicles24 | - | €2,309 | €16,407 | ▲ 611% |
| Other tangible fixed assets26 | €2,413 | €12,618 | €10,399 | ▼ 17.6% |
| Financial fixed assets28 | €1,106 | €4,306 | €17,906 | ▲ 316% |
| Current assets29/58 | €65,488 | €122,624 | €176,427 | ▲ 43.9% |
| Amounts receivable within one year40/41 | €57,871 | €73,721 | €168,824 | ▲ 129% |
| Trade receivables40 | €55,700 | €63,309 | €164,838 | ▲ 160% |
| Other amounts receivable41 | €2,171 | €10,412 | €3,986 | ▼ 61.7% |
| Cash at bank and in hand54/58 | €7,617 | €14,429 | €5,124 | ▼ 64.5% |
| Deferred charges and accrued income490/1 | - | €34,473 | €2,479 | ▼ 92.8% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €69,007 | €145,250 | €223,198 | ▲ 53.7% |
| Equity10/15 | €31,119 | €56,299 | €57,636 | ▲ 2.4% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €28,119 | €53,299 | €54,636 | ▲ 2.5% |
| Distributable reserves133 | €28,119 | €53,299 | €54,636 | ▲ 2.5% |
| Amounts payable17/49 | €37,887 | €88,951 | €165,563 | ▲ 86.1% |
| Amounts payable after more than one year17 | - | - | €3,201 | - |
| Financial debts170/4 | - | - | €3,201 | - |
| Amounts payable within one year42/48 | €37,887 | €88,951 | €100,857 | ▲ 13.4% |
| Current portion of amounts payable after more than one year42 | - | - | €6,799 | - |
| Trade debts44 | €9,896 | - | €17,312 | - |
| Suppliers440/4 | €9,896 | - | €17,312 | - |
| Taxes, remuneration and social security45 | €27,991 | €64,887 | €72,222 | ▲ 11.3% |
| Taxes450/3 | €18,768 | €48,698 | €63,609 | ▲ 30.6% |
| Remuneration and social security454/9 | €9,223 | €16,189 | €8,614 | ▼ 46.8% |
| Other amounts payable47/48 | - | €24,064 | €4,524 | ▼ 81.2% |
| Accrued charges and deferred income492/3 | - | - | €61,505 | - |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,119 | €25,180 | €1,337 | ▼ 94.7% |
| + Depreciation and write-downs630 | €87 | €2,182 | €6,346 | ▲ 191% |
| Operating cash flow (approximation) | €28,207 | €27,362 | €7,683 | ▼ 71.9% |
| Investment in fixed assets (approximation) | - | -€21,290 | -€30,492 | ▼ 43.2% |
| Change in cash | - | €6,812 | -€9,306 | - |
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 (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2023 | micro format | 17-07-2024 | 2024-00266793 |
| 31-12-2022 | micro format | 23-07-2023 | 2023-00260465 |
| 31-12-2021 | micro format | 24-09-2022 | 2022-20439057 |
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Of the 22,640 active companies whose main activity is general electrical installation work (NACE 43211), figures are known for 10,554. 8,839 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2022 to 2023 · 2 entries · €812 awarded · €775 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2023 | 1 | €0 | €775 |
| 2022 | 1 | €812 | €0 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.