@SESA
ActiveSummary
The computed 12-month bankruptcy probability of @SESA is 16.4% (high). For @SESA, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show negative equity (€-177k) and a net result of €-50k. Equity is shrinking by ~83.6% per year across the filed fiscal years. Its solvency ranks better than 5% of 17999 sector peers (fiscal year 2023). The company has been active since 2018 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: High
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability0=
Solvency0=
Growth32=
Track record92
Bankruptcy probability, 12 months
16.4%
High
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
-545%
Return on assets
-153%
Age of the figures
36 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-09-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 5 filingsPosition against the passed deadline
30-09-2024 close30-04-2025 deadline25-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2023 was due by 30-04-2024 and was filed on 24-04-2024, 6 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
6 d early
2022
5 d early
2021
2 d early
2020
on the day
2019
1 d early
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Financials · fiscal year 2023, micro schema
Equity
€-177k▼ 39.0%
2022 · €-127k
2019: €16khighest in 5 years
2020: €-40k▼ -352% vs 2019
2021: €-57k▼ -42.4% vs 2020
2022: €-127k▼ -122% vs 2021
2023: €-177k▼ -39.0% vs 2022lowest in 5 years
2019 → 2023
Total assets
€32k▲ 82.6%
2022 · €18k
2019: €97khighest in 5 years
2020: €54k▼ -44.3% vs 2019
2021: €79k▲ +47.4% vs 2020
2022: €18k▼ -77.6% vs 2021lowest in 5 years
2023: €32k▲ +82.6% vs 2022
2019 → 2023
Net result
€-50k▲ 28.9%
2022 · €-70k
2019: €4khighest in 5 years
2020: €-56k▼ -1654% vs 2019
2021: €-17k▲ +69.7% vs 2020
2022: €-70k▼ -309% vs 2021lowest in 5 years
2023: €-50k▲ +28.9% vs 2022
2019 → 2023
Working capital
€-176k▼ 31.6%
2022 · €-134k
2019: €-16khighest in 5 years
2020: €-65k▼ -302% vs 2019
2021: €-74k▼ -13.9% vs 2020
2022: €-134k▼ -82.0% vs 2021
2023: €-176k▼ -31.6% vs 2022lowest in 5 years
2019 → 2023
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€16k-€-40k€-57k▼ 42.4%€-127k▼ 122%€-177k▼ 39.0%
2019: €16khighest in 5 years
2020: €-40k▼ -352% vs 2019
2021: €-57k▼ -42.4% vs 2020
2022: €-127k▼ -122% vs 2021
2023: €-177k▼ -39.0% vs 2022lowest in 5 years
Operating result€9k-€-57k€-16k▲ 71.1%€-69k▼ 324%€-48k▲ 31.1%
2019: €9khighest in 5 years
2020: €-57k▼ -719% vs 2019
2021: €-16k▲ +71.1% vs 2020
2022: €-69k▼ -324% vs 2021lowest in 5 years
2023: €-48k▲ +31.1% vs 2022
Net result€4k-€-56k€-17k▲ 69.7%€-70k▼ 309%€-50k▲ 28.9%
2019: €4khighest in 5 years
2020: €-56k▼ -1654% vs 2019
2021: €-17k▲ +69.7% vs 2020
2022: €-70k▼ -309% vs 2021lowest in 5 years
2023: €-50k▲ +28.9% vs 2022
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €48k in 2023 against €69k in 2022; the loss shrinks.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €32k
Fixed assets
€1k ▼ 87.8%
Current assets
€31k ▲ 238%
Key figures and ratios
EBITDA
€-40k▲
2022 · €-62k
Cash flow
€-42k▲
2022 · €-62k
Solvency
-545.0%▲
2022 · -715.6%
Current ratio
0.15▲
2022 · 0.06
Quick ratio
0.13▲
2022 · 0.03
Debt to equity
-1.18▼
2022 · -1.14
ROA
-153.0%▲
2022 · -392.8%
Interest coverage
-22.14▲
2022 · -62.61
Debt
€209k▲
2022 · €145k
Debt ≤ 1 year
€208k▲
2022 · €143k
Staff costs
€68k▲
2022 · €67k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 42 lines
Balance sheet
Code20222023
Assets
Total assets20/58€18k€32k▲
Fixed assets21/28€8k€1k▼
Tangible fixed assets22/27€7k€0▼
Plant, machinery and equipment23€7k-
Financial fixed assets28€1k€1k=
Current assets29/58€9k€31k▲
Stocks and contracts in progress3€5k€5k▼
Stocks30/36€5k€5k▼
Amounts receivable within one year40/41€2k€8k▲
Trade receivables40€621€7k▲
Other amounts receivable41€2k€1k▼
Cash at bank and in hand54/58€1k€19k▲
Deferred charges and accrued income490/1€226-
Equity and liabilities
Total equity and liabilities10/49€18k€32k▲
Equity10/15€-127k€-177k▼
Contributions10/11€12k€12k=
Reserves13€4k€4k=
Distributable reserves133€4k€4k=
Profit (loss) carried forward14€-143k€-193k▼
Amounts payable17/49€145k€209k▲
Amounts payable within one year42/48€143k€208k▲
Trade debts44€15k€22k▲
Suppliers440/4€15k€22k▲
Taxes, remuneration and social security45€16k€20k▲
Taxes450/3€9k€10k▲
Remuneration and social security454/9€8k€10k▲
Other amounts payable47/48€112k€166k▲
Accrued charges and deferred income492/3€2k€2k▼
Income statement
Code20222023
Remuneration, social security and pensions62€67k€68k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€7k▼
Other operating charges640/8€563€916▲
Gross operating margin9900€6k€28k▲
Operating profit (loss)9901€-69k€-48k▲
Financial income75/76B€540-
Recurring financial income75€540-
Financial charges65/66B€983€2k▲
Recurring financial charges65€983€2k▲
Profit (loss) for the period before taxes9903€-70k€-50k▲
Profit (loss) for the period9904€-70k€-50k▲
Profit (loss) for the period to be appropriated9905€-70k€-50k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-143k€-193k▼
Profit (loss) brought forward from the previous period14P€-73k€-143k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €35k | €67k | €68k | ▲ 0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €8k | €8k | €8k | €7k | ▼ 5.7% |
| Other operating charges640/8 | - | - | €3k | €563 | €916 | ▲ 62.8% |
| Gross operating margin9900 | €142k | €16k | €29k | €6k | €28k | ▲ 339% |
| Operating profit (loss)9901 | €9k | €-57k | €-16k | €-69k | €-48k | ▲ 31.1% |
| Financial income75/76B | - | - | - | €540 | - | - |
| Recurring financial income75 | - | €553 | - | €540 | - | - |
| Financial charges65/66B | - | - | €702 | €983 | €2k | ▲ 85.7% |
| Recurring financial charges65 | €1k | €206 | €702 | €983 | €2k | ▲ 85.7% |
| Profit (loss) for the period before taxes9903 | €8k | €-56k | €-17k | €-70k | €-50k | ▲ 28.9% |
| Income taxes67/77 | €4k | - | - | - | - | - |
| Profit (loss) for the period9904 | €4k | €-56k | €-17k | €-70k | €-50k | ▲ 28.9% |
| Profit (loss) for the period to be appropriated9905 | €4k | €-56k | €-17k | €-70k | €-50k | ▲ 28.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €97k | €54k | €79k | €18k | €32k | ▲ 82.6% |
| Fixed assets21/28 | €32k | €24k | €16k | €8k | €1k | ▼ 87.8% |
| Tangible fixed assets22/27 | €31k | €23k | €15k | €7k | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | - | €15k | €7k | - | - |
| Financial fixed assets28 | €942 | €1k | €1k | €1k | €1k | = |
| Current assets29/58 | €64k | €29k | €63k | €9k | €31k | ▲ 238% |
| Stocks and contracts in progress3 | €5k | €4k | €8k | €5k | €5k | ▼ 6.2% |
| Stocks30/36 | - | - | €8k | €5k | €5k | ▼ 6.2% |
| Amounts receivable within one year40/41 | €9k | €4k | €3k | €2k | €8k | ▲ 239% |
| Trade receivables40 | - | - | €633 | €621 | €7k | ▲ 981% |
| Other amounts receivable41 | - | - | €2k | €2k | €1k | ▼ 25.1% |
| Cash at bank and in hand54/58 | €38k | €15k | €47k | €1k | €19k | ▲ 1,139% |
| Deferred charges and accrued income490/1 | - | - | €5k | €226 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €97k | €54k | €79k | €18k | €32k | ▲ 82.6% |
| Equity10/15 | €16k | €-40k | €-57k | €-127k | €-177k | ▼ 39.0% |
| Contributions10/11 | €12k | - | €12k | €12k | €12k | = |
| Reserves13 | €4k | €4k | €4k | €4k | €4k | = |
| Distributable reserves133 | - | - | €4k | €4k | €4k | = |
| Profit (loss) carried forward14 | - | €-56k | €-73k | €-143k | €-193k | ▼ 34.7% |
| Amounts payable17/49 | €80k | €94k | €137k | €145k | €209k | ▲ 44.4% |
| Amounts payable within one year42/48 | €80k | €94k | €136k | €143k | €208k | ▲ 45.0% |
| Trade debts44 | €10k | €5k | €19k | €15k | €22k | ▲ 52.7% |
| Suppliers440/4 | - | - | €19k | €15k | €22k | ▲ 52.7% |
| Taxes, remuneration and social security45 | - | - | €2k | €16k | €20k | ▲ 21.1% |
| Taxes450/3 | - | - | €2k | €9k | €10k | ▲ 17.2% |
| Remuneration and social security454/9 | - | - | €402 | €8k | €10k | ▲ 25.3% |
| Other amounts payable47/48 | - | - | €116k | €112k | €166k | ▲ 47.4% |
| Accrued charges and deferred income492/3 | - | - | €198 | €2k | €2k | ▼ 2.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4k | €-56k | €-17k | €-70k | €-50k | ▲ 28.9% |
| + Depreciation and write-downs630 | €8k | €8k | €8k | €8k | €7k | ▼ 5.7% |
| Operating cash flow (approximation) | €12k | €-48k | €-9k | €-62k | €-42k | ▲ 31.8% |
| Investment in fixed assets (approximation) | - | €-93 | €0 | €0 | €0 | - |
| Change in cash | - | €-23k | €32k | €-45k | €17k | ▲ 138% |
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
2025
24-01
KBO administration
Address struck
2024
24-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Weakest financial yearnet €-70k
Net result drops to €-70k, the lowest in the series; recovery starts the following year.
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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
Registered office, Roeselare · 1 establishment unit since 2018
Ground area
59 m²
Building footprint
50 m²
Volume, LiDAR
372 m³
Parcel 36502B0502/00P003, Flanders · tallest building 10.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
@SESA
since 20182.275.179.837
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36502B0502/00P003 | Flanders | 59 m² | 1 · 50 m² | 10.5 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,462. 8,312 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded28-03-2018
Fiscal year end30-09
Activities, NACEBEL 2025
56111Full-service restaurants
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.