SEZAI
ActiveSummary
The annual accounts of SEZAI for fiscal year 2024 show a net loss of 53% of the equity at the start of that year. The 2024 annual accounts show equity of €12k and a net result of €-13k. Equity is shrinking by ~6.2% per year across the filed fiscal years. Its solvency ranks better than 43% of 6162 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency40▼-50
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 1.66 against 2.04 in 2023; short-term debt: 23.7% and cash: 13.4% of total assets), but 84.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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 2024Solvency, return and age of the figures
Solvency
15.3%
Return on assets
-17%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-13k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
30 d early
2022
32 d early
2021
34 d early
2020
36 d early
2019
25 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2024, micro schema
Equity
€12k▼ 52.7%
2023 · €26k
Total assets
€79k▲ 103%
2023 · €39k
Net result
€-13k▼ 57.1%
2023 · €-9k
Working capital
€12k▼ 11.8%
2023 · €14k
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
Line20202021202220232024
Operating result€1k▲ 36.1%€3k▲ 212%€-5k€-8k▼ 72.4%€-12k▼ 45.0%
Net result€589▲ 102%€4k▲ 654%€-5k€-9k▼ 74.9%€-13k▼ 57.1%
Equity€35k▲ 1.7%€39k▲ 12.9%€34k▼ 12.6%€26k▼ 25.1%€12k▼ 52.7%
Total assets€35k▼ 27.4%€43k▲ 21.7%€43k▼ 0.9%€39k▼ 8.4%€79k▲ 103%
Debt€731▼ 95.0%€4k▲ 438%€8k▲ 115%€13k▲ 58.9%€67k▲ 399%
Working capital€19k▲ 22.0%€21k▲ 13.1%€19k▼ 8.0%€14k▼ 27.7%€12k▼ 11.8%
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 €12k in 2024 against €8k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €79k
Fixed assets
€48k ▲ 317%
Current assets
€31k ▲ 13.3%
Equity and liabilities €79k
Equity
€12k ▼ 52.7%
Debt
€67k ▲ 399%
Debt's share of the balance-sheet total rises from 34.5% to 84.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-9k▼
2023 · €-5k
Cash flow
€-11k▼
2023 · €-5k
Current ratio
1.66▼
2023 · 2.04
Quick ratio
1.46▼
2023 · 1.75
Debt to equity
5.55▲
2023 · 0.53
ROE
-111.2%▼
2023 · -33.5%
ROA
-17.0%▲
2023 · -21.9%
Interest coverage
-6.10▲
2023 · -15.23
Debt ≤ 1 year
€19k▲
2023 · €13k
Debt > 1 year
€48k
Staff costs
€1k▲
2023 · €696
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €8k | - |
| Remuneration, social security and pensions62 | - | €5k | €513 | €696 | €1k | ▲ 70.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €3k | €3k | €3k | €2k | ▼ 24.3% |
| Other operating charges640/8 | - | - | €116 | €522 | €698 | ▲ 33.8% |
| Gross operating margin9900 | €5k | €12k | €-937 | €-4k | €-8k | ▼ 100% |
| Operating profit (loss)9901 | €1k | €3k | €-5k | €-8k | €-12k | ▼ 45.0% |
| Financial income75/76B | - | €1k | - | €4 | €48 | ▲ 1,151% |
| Recurring financial income75 | €283 | €1k | - | €4 | €48 | ▲ 1,151% |
| Financial charges65/66B | - | €55 | €122 | €329 | €2k | ▲ 373% |
| Recurring financial charges65 | €808 | €55 | €122 | €329 | €2k | ▲ 373% |
| Profit (loss) for the period before taxes9903 | €589 | €4k | €-5k | €-9k | €-13k | ▼ 57.2% |
| Income taxes67/77 | - | - | - | €4 | - | - |
| Profit (loss) for the period9904 | €589 | €4k | €-5k | €-9k | €-13k | ▼ 57.1% |
| Profit (loss) for the period to be appropriated9905 | €589 | €4k | €-5k | €-9k | €-13k | ▼ 57.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €35k | €43k | €43k | €39k | €79k | ▲ 103% |
| Fixed assets21/28 | €16k | €18k | €15k | €12k | €48k | ▲ 317% |
| Tangible fixed assets22/27 | €12k | €14k | €11k | €8k | €48k | ▲ 519% |
| Land and buildings22 | - | €2k | €1k | €537 | €40k | ▲ 7,438% |
| Plant, machinery and equipment23 | - | €4k | €3k | €2k | - | - |
| Furniture and vehicles24 | - | €2k | €1k | €711 | €1k | ▲ 94.1% |
| Other tangible fixed assets26 | - | €6k | €5k | €4k | €6k | ▲ 43.7% |
| Financial fixed assets28 | €4k | €4k | €4k | €4k | - | - |
| Current assets29/58 | €19k | €25k | €28k | €27k | €31k | ▲ 13.3% |
| Stocks and contracts in progress3 | €912 | €944 | €819 | €4k | €4k | ▼ 6.4% |
| Stocks30/36 | - | €944 | €819 | €4k | €4k | ▼ 6.4% |
| Amounts receivable within one year40/41 | €4k | €1k | €3k | €3k | €17k | ▲ 398% |
| Trade receivables40 | - | - | €3k | €3k | €7k | ▲ 128% |
| Other amounts receivable41 | - | €1k | - | €361 | €10k | ▲ 2,645% |
| Cash at bank and in hand54/58 | €14k | €23k | €24k | €20k | €11k | ▼ 47.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €35k | €43k | €43k | €39k | €79k | ▲ 103% |
| Equity10/15 | €35k | €39k | €34k | €26k | €12k | ▼ 52.7% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €14k | €18k | €14k | €5k | €-8k | ▼ 266% |
| Amounts payable17/49 | €731 | €4k | €8k | €13k | €67k | ▲ 399% |
| Amounts payable after more than one year17 | - | - | - | - | €48k | - |
| Financial debts170/4 | - | - | - | - | €48k | - |
| Amounts payable within one year42/48 | €731 | €4k | €8k | €13k | €19k | ▲ 39.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €11k | - |
| Trade debts44 | €584 | - | €1k | €4k | €440 | ▼ 89.5% |
| Suppliers440/4 | - | - | €1k | €4k | €440 | ▼ 89.5% |
| Taxes, remuneration and social security45 | - | €4k | €7k | €9k | €111 | ▼ 98.7% |
| Taxes450/3 | - | €4k | €7k | €9k | €111 | ▼ 98.7% |
| Other amounts payable47/48 | - | €140 | €140 | €537 | €7k | ▲ 1,259% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €589 | €4k | €-5k | €-9k | €-13k | ▼ 57.1% |
| + Depreciation and write-downs630 | €3k | €3k | €3k | €3k | €2k | ▼ 24.3% |
| Operating cash flow (approximation) | €3k | €8k | €-2k | €-5k | €-11k | ▼ 106% |
| Investment in fixed assets (approximation) | - | €-5k | €0 | €0 | €-39k | - |
| Change in cash | - | €8k | €1k | €-4k | €-9k | ▼ 145% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-13k
Net result drops to €-13k, the lowest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity times 13current ratio 26.44
Current ratio from 2.04 to 26.44; short-term debt falls from €15k to €731.
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 24 days late
2016
22-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 53 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Aarschot · 1 establishment unit since 2015
Ground area
488 m²
Building footprint
113 m²
Volume, LiDAR
625 m³
Parcel 24662E0210/00A002, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SEZAI
since 20152.242.001.481
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24662E0210/00A002 | Flanders | 488 m² | 1 · 113 m² | 9.6 m · 2 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 21,739 companies in sector 96210 we hold annual accounts for 2,827. 2,325 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
Founded13-02-2015
Fiscal year end31-12
Activities, NACEBEL 2025
96210Hairdressing and barber services
49330On-demand passenger transport by chauffeured vehicle
77110Renting and leasing of cars and light motor vehicles
Scores and ratios are computed by Checked and are not a credit decision.