SEZER
Open bankruptcyA bankruptcy procedure is open for SEZER according to publications in the Belgian State Gazette; curator: Stijn VANSCHOUBROEK.
Summary
The file additionally contains 1 administrative flag.
Inactive; last annual accounts for fiscal year 2016.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2016. Since then, 9 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 5 filingsPosition against the passed deadline
31-12-2017 close31-07-2018 deadline25-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2016 was due by 31-07-2017 and was filed on 15-03-2018, 227 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
not filed
← 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 2016, micro schema
Turnover
€314k▲ 0.3%
2014 · €313k
2013: €275klowest in 3 years
2014: €313k▲ +14.1% vs 2013
2015: €314k▲ +0.3% vs 2014highest in 3 years
2013 → 2015
EBIT margin
4.2%▲ 1.8pp
2014 · 2.4%
2013: 6.5%highest in 3 years
2014: 2.4%▼ -63.5% vs 2013lowest in 3 years
2015: 4.2%▲ +78.0% vs 2014
2013 → 2015
Net result
€11k▲ 10.5%
2015 · €10k
2012: €3k
2013: €17k▲ +479% vs 2012highest in 5 years
2014: €2k▼ -87.9% vs 2013lowest in 5 years
2015: €10k▲ +394% vs 2014
2016: €11k▲ +10.5% vs 2015
2012 → 2016
Working capital
€22k▼ 14.5%
2015 · €26k
2012: €6klowest in 5 years
2013: €14k▲ +124% vs 2012
2014: €14k▲ +0.7% vs 2013
2015: €26k▲ +76.7% vs 2014highest in 5 years
2016: €22k▼ -14.5% vs 2015
2012 → 2016
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20122013201420152016Trend
Turnover€275k€313k▲ 14.1%€314k▲ 0.3%
2013: €275klowest in 3 years
2014: €313k▲ +14.1% vs 2013
2015: €314k▲ +0.3% vs 2014highest in 3 years
Equity€9k-€26k▲ 188%€28k▲ 7.9%€39k▲ 36.0%€38k▼ 1.7%
2012: €9klowest in 5 years
2013: €26k▲ +188% vs 2012
2014: €28k▲ +7.9% vs 2013
2015: €39k▲ +36.0% vs 2014highest in 5 years
2016: €38k▼ -1.7% vs 2015
Operating result€3k-€18k▲ 497%€7k▼ 58.4%€13k▲ 78.6%€18k▲ 39.3%
2012: €3klowest in 5 years
2013: €18k▲ +497% vs 2012
2014: €7k▼ -58.4% vs 2013
2015: €13k▲ +78.6% vs 2014
2016: €18k▲ +39.3% vs 2015highest in 5 years
Net result€3k-€17k▲ 479%€2k▼ 87.9%€10k▲ 394%€11k▲ 10.5%
2012: €3k
2013: €17k▲ +479% vs 2012highest in 5 years
2014: €2k▼ -87.9% vs 2013lowest in 5 years
2015: €10k▲ +394% vs 2014
2016: €11k▲ +10.5% vs 2015
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2014 the operating result has climbed two years in a row; 2016 is 39% above 2015 and is the highest result in the available series.
Balance-sheet composition
2016 in colour, 2015 as the grey bar beneath
Assets €44k
Fixed assets
€16k ▲ 22.9%
Current assets
€28k ▼ 2.4%
Equity and liabilities €44k
Equity
€38k ▼ 1.7%
Debt
€6k ▲ 91.4%
Debt's share of the balance-sheet total rises from 7.8% to 14.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€25k▲
2015 · €19k
Cash flow
€18k▲
2015 · €16k
Current ratio
4.47▼
2015 · 8.76
ROE
29.8%▲
2015 · 26.5%
ROA
25.6%▲
2015 · 24.4%
Debt ≤ 1 year
€6k▲
2015 · €3k
Income taxes
€5k▲
2015 · €3k
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 · 2016 against 2015 · 30 lines
Balance sheet
Code20152016
Assets
Total assets20/58€42k€44k▲
Formation expenses20€526-
Fixed assets21/28€13k€16k▲
Intangible fixed assets21€0-
Tangible fixed assets22/27€13k€16k▲
Financial fixed assets28€25€25=
Current assets29/58€29k€28k▼
Stocks and contracts in progress3€0-
Amounts receivable within one year40/41€3k€7k▲
Current investments50/53€0-
Cash at bank and in hand54/58€26k€17k▼
Equity and liabilities
Total equity and liabilities10/49€42k€44k▲
Equity10/15€39k€38k▼
Contributions10/11€6k€6k=
Reserves13€12k€11k▼
Profit (loss) carried forward14€20k€20k=
Amounts payable17/49€3k€6k▲
Amounts payable within one year42/48€3k€6k▲
Trade debts44€930€4k▲
Income statement
Code20152016
Turnover70€314k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€6k▲
Gross operating margin9900€39k€33k▼
Operating profit (loss)9901€13k€18k▲
Recurring financial income75€0€166▲
Recurring financial charges65€82€2k▲
Profit (loss) for the period before taxes9903€13k€16k▲
Income taxes67/77€3k€5k▲
Profit (loss) for the period9904€10k€11k▲
Profit (loss) for the period to be appropriated9905€10k€11k▲
Appropriation of the result
Return on contributions (dividend)694€0-
Accounts by statement
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €275k | €313k | €314k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €713 | €3k | €4k | €5k | €6k | ▲ 21.0% |
| Gross operating margin9900 | €5k | €25k | €42k | €39k | €33k | ▼ 16.0% |
| Operating profit (loss)9901 | €3k | €18k | €7k | €13k | €18k | ▲ 39.3% |
| Recurring financial income75 | €2 | €177 | €0 | €0 | €166 | - |
| Recurring financial charges65 | €12 | €50 | €61 | €82 | €2k | ▲ 2,588% |
| Profit (loss) for the period before taxes9903 | €3k | €18k | €7k | €13k | €16k | ▲ 24.7% |
| Income taxes67/77 | - | €716 | €5k | €3k | €5k | ▲ 74.9% |
| Profit (loss) for the period9904 | €3k | €17k | €2k | €10k | €11k | ▲ 10.5% |
| Profit (loss) for the period to be appropriated9905 | €3k | €17k | €2k | €10k | €11k | ▲ 10.5% |
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €10k | €29k | €29k | €42k | €44k | ▲ 5.6% |
| Formation expenses20 | €701 | €526 | €526 | €526 | - | - |
| Fixed assets21/28 | €3k | €12k | €14k | €13k | €16k | ▲ 22.9% |
| Intangible fixed assets21 | - | €0 | €0 | €0 | - | - |
| Tangible fixed assets22/27 | €2k | €12k | €13k | €13k | €16k | ▲ 28.1% |
| Financial fixed assets28 | - | €0 | €25 | €25 | €25 | = |
| Current assets29/58 | €7k | €17k | €15k | €29k | €28k | ▼ 2.4% |
| Stocks and contracts in progress3 | - | €0 | €0 | €0 | - | - |
| Amounts receivable within one year40/41 | €986 | €2k | €2k | €3k | €7k | ▲ 113% |
| Current investments50/53 | - | €0 | €0 | €0 | - | - |
| Cash at bank and in hand54/58 | €6k | €14k | €13k | €26k | €17k | ▼ 33.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €10k | €29k | €29k | €42k | €44k | ▲ 5.6% |
| Equity10/15 | €9k | €26k | €28k | €39k | €38k | ▼ 1.7% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €2k | €2k | €2k | €12k | €11k | ▼ 5.5% |
| Profit (loss) carried forward14 | €1k | €18k | €20k | €20k | €20k | = |
| Provisions and deferred taxes16 | - | €0 | - | - | - | - |
| Amounts payable17/49 | €483 | €2k | €766 | €3k | €6k | ▲ 91.4% |
| Amounts payable after more than one year17 | - | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €483 | €2k | €766 | €3k | €6k | ▲ 91.4% |
| Trade debts44 | €483 | €1k | €366 | €930 | €4k | ▲ 371% |
| Line | 2012 | 2013 | 2014 | 2015 | 2016 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €17k | €2k | €10k | €11k | ▲ 10.5% |
| + Depreciation and write-downs630 | €713 | €3k | €4k | €5k | €6k | ▲ 21.0% |
| Operating cash flow (approximation) | €4k | €21k | €6k | €16k | €18k | ▲ 14.1% |
| Investment in fixed assets (approximation) | - | €-13k | €-6k | €-4k | €-9k | ▼ 111% |
| Change in cash | - | €8k | €-1k | €12k | €-9k | ▼ 168% |
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
29-07
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 15-07-2025
14-04
Bankruptcy
Judicial dissolution
Ondernemingsrechtbank Brussel
2023
08-12
KBO administration
Address struck
2018
15-03
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 227 days late
2016
22-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 22 days late
2015
27-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 27 days late
2014
31-12
Financial
Weakest financial yearnet €2k ▼87.9%
Net result drops to €2k, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 19.86
Current ratio from 7.31 to 19.86; short-term debt falls from €2k to €766.
24-06
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
31-12
Financial
Highest result since 2012net €17k ▲479%
Net result €17k, the highest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 30 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Stijn VANSCHOUBROEK KEIZER KARELLAAN 586
BUS 9, 1082 SINT-AGATHA-BERCHEM |
15-07-2025 → present |
Identification & contact
Identification
Legal formBVBA
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.