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SETAS

Inactive
KBO/BCE: BE 0639.727.173

SETAS was declared bankrupt on 23-05-2022 (Tribunal de l’entreprise de Liège, division Liège); the bankruptcy was closed for insufficient assets by judgment of 18-04-2023, published in the Belgian Official Gazette on 25-04-2023.

Summary

Inactive; last annual accounts for financial year 2018.

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Financials · financial year 2018, abbreviated format

Turnover
≈ €54,000
Estimated: probably between €23,000 and €140,000
Total assets
€30,503
Net result
€288
Working capital
-€2,431

Turnover and EBIT margin not published: the abbreviated format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €30,503
Fixed assets €19,696
Current assets €10,807
Equity and liabilities €30,503
Equity €14,432
Debt €16,071
Debt finances 52.7% of the balance-sheet total.
Key figures and ratios
2018 value
EBITDA
€6,210
Cash flow
€5,621
Current ratio
0.82
Quick ratio
0.30
Debt to equity
0.20
ROE
2.0%
ROA
0.9%
Debt ≤ 1 year
€13,238
Debt > 1 year
€2,833
Income taxes
€482
Annual accounts
Filed annual accounts As filed with the NBB · 2018 · 22 lines
Balance sheet Code2018
Assets
Total assets20/58€30,503
Fixed assets21/28€19,696
Tangible fixed assets22/27€19,696
Current assets29/58€10,807
Stocks and contracts in progress3€6,847
Cash at bank and in hand54/58€3,960
Equity and liabilities
Total equity and liabilities10/49€30,503
Equity10/15€14,432
Contributions10/11€12,400
Reserves13€400
Profit (loss) carried forward14€1,632
Amounts payable17/49€16,071
Amounts payable after more than one year17€2,833
Amounts payable within one year42/48€13,238
Income statement Code2018
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,333
Gross operating margin9900€8,083
Operating profit (loss)9901€877
Recurring financial charges65€107
Profit (loss) for the period before taxes9903€770
Income taxes67/77€482
Profit (loss) for the period9904€288
Profit (loss) for the period to be appropriated9905€288
Line2018
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,333
Gross operating margin9900€8,083
Operating profit (loss)9901€877
Recurring financial charges65€107
Profit (loss) for the period before taxes9903€770
Income taxes67/77€482
Profit (loss) for the period9904€288
Profit (loss) for the period to be appropriated9905€288
Line2018
Assets
Total assets20/58€30,503
Fixed assets21/28€19,696
Tangible fixed assets22/27€19,696
Current assets29/58€10,807
Stocks and contracts in progress3€6,847
Cash at bank and in hand54/58€3,960
Equity and liabilities
Total equity and liabilities10/49€30,503
Equity10/15€14,432
Contributions10/11€12,400
Reserves13€400
Profit (loss) carried forward14€1,632
Amounts payable17/49€16,071
Amounts payable after more than one year17€2,833
Amounts payable within one year42/48€13,238
Line2018
Profit (loss) for the period9904€288
+ Depreciation and write-downs630€5,333
Operating cash flow (approximation)€5,621

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Filings with the National Bank (3)
Financial year Type Filed Reference
31-12-2018 abbreviated format 04-07-2019 2019-29300190
31-12-2017 abbreviated format 30-09-2018 2018-67100201
31-12-2016 abbreviated format 30-09-2018 2018-67100187

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

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