SIEKO
Open bankruptcyFinancials · financial year 2021, micro format
Turnover
≈ €200,000
Estimated: probably between €130,000 and €340,000
Total assets
€103,943▲ 10.6%
2020 · €93,947
Net result
€48,192▲ 280%
2020 · €12,678
Working capital
€26,428
2020 · -€21,001
Trend over the years
2018 to 2021, 4 financial years 2018 to 2021, 4 financial years
After the dip in 2019 the operating result has climbed two years in a row; 2021 is over 3.8 times 2020 and is the highest 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€55,953
2021
Net result€48,192
2021
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€103,943
2021
Equity€27,605
2021
Debt€76,339
2021
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€26,428
2021
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021
Operating result€6,524--€3,618€14,592€55,953▲ 283%
Net result€4,252--€5,688€12,678€48,192▲ 280%
Equity-€27,577--€33,265▼ 20.6%-€20,587▲ 38.1%€27,605
Total assets€100,556-€90,000▼ 10.5%€93,947▲ 4.4%€103,943▲ 10.6%
Debt€128,133-€123,266▼ 3.8%€114,534▼ 7.1%€76,339▼ 33.3%
Working capital-€27,118--€33,134▼ 22.2%-€21,001▲ 36.6%€26,428
Turnover and EBIT margin not published: the abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €103,943
Fixed assets
€56,250 ▼ 14.3%
Current assets
€47,693 ▲ 68.4%
Equity and liabilities €103,943
Equity
€27,605
Debt
€76,339
Debt finances 73.4% of the balance-sheet total.
Key figures and ratios
EBITDA
€65,328▲
2020 · €23,967
Cash flow
€57,567▲
2020 · €22,053
Current ratio
2.24▲
2020 · 0.57
Debt to equity
2.77
ROE
174.6%
ROA
46.4%▲
2020 · 13.5%
Interest coverage
36.09▲
2020 · 12.52
Debt ≤ 1 year
€21,266▼
2020 · €49,323
Debt > 1 year
€55,073▼
2020 · €65,211
Income taxes
€5,951
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,375 | €9,375 | €9,375 | €9,375 | = |
| Other operating charges640/8 | - | - | - | €75 | - |
| Gross operating margin9900 | €15,899 | €5,890 | €23,967 | €65,403 | ▲ 173% |
| Operating profit (loss)9901 | €6,524 | -€3,618 | €14,592 | €55,953 | ▲ 283% |
| Recurring financial income75 | €1 | - | - | - | - |
| Financial charges65/66B | - | - | €1,914 | €1,810 | ▼ 5.4% |
| Recurring financial charges65 | €2,273 | €2,071 | €1,914 | €1,810 | ▼ 5.4% |
| Profit (loss) for the period before taxes9903 | €4,252 | -€5,688 | €12,678 | €54,143 | ▲ 327% |
| Income taxes67/77 | - | - | - | €5,951 | - |
| Profit (loss) for the period9904 | €4,252 | -€5,688 | €12,678 | €48,192 | ▲ 280% |
| Profit (loss) for the period to be appropriated9905 | €4,252 | -€5,688 | €12,678 | €48,192 | ▲ 280% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €100,556 | €90,000 | €93,947 | €103,943 | ▲ 10.6% |
| Fixed assets21/28 | €84,375 | €75,000 | €65,625 | €56,250 | ▼ 14.3% |
| Tangible fixed assets22/27 | €84,375 | €75,000 | €65,625 | €56,250 | ▼ 14.3% |
| Land and buildings22 | - | - | €65,625 | €56,250 | ▼ 14.3% |
| Current assets29/58 | €16,181 | €15,000 | €28,322 | €47,693 | ▲ 68.4% |
| Amounts receivable within one year40/41 | €15,000 | €15,000 | €28,310 | €47,687 | ▲ 68.4% |
| Trade receivables40 | - | - | €28,310 | - | - |
| Other amounts receivable41 | - | - | - | €47,687 | - |
| Cash at bank and in hand54/58 | €1,181 | €0 | €12 | €7 | ▼ 42.2% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €100,556 | €90,000 | €93,947 | €103,943 | ▲ 10.6% |
| Equity10/15 | -€27,577 | -€33,265 | -€20,587 | €27,605 | - |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | - | €6,200 | €6,200 | = |
| Issued capital100 | - | - | €18,600 | €18,600 | = |
| Uncalled capital101 | - | - | €12,400 | €12,400 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | = |
| Legal reserve130 | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€35,637 | -€41,325 | -€28,647 | €19,545 | - |
| Amounts payable17/49 | €128,133 | €123,266 | €114,534 | €76,339 | ▼ 33.3% |
| Amounts payable after more than one year17 | €84,834 | €75,131 | €65,211 | €55,073 | ▼ 15.5% |
| Financial debts170/4 | - | - | €65,211 | €55,073 | ▼ 15.5% |
| Amounts payable within one year42/48 | €43,299 | €48,134 | €49,323 | €21,266 | ▼ 56.9% |
| Current portion of amounts payable after more than one year42 | - | - | €9,920 | €10,138 | ▲ 2.2% |
| Trade debts44 | €100 | €709 | €4,119 | €4,538 | ▲ 10.2% |
| Suppliers440/4 | - | - | €4,119 | €4,538 | ▲ 10.2% |
| Taxes, remuneration and social security45 | - | - | €2,738 | €6,590 | ▲ 141% |
| Taxes450/3 | - | - | €2,738 | €6,590 | ▲ 141% |
| Other amounts payable47/48 | - | - | €32,545 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,252 | -€5,688 | €12,678 | €48,192 | ▲ 280% |
| + Depreciation and write-downs630 | €9,375 | €9,375 | €9,375 | €9,375 | = |
| Operating cash flow (approximation) | €13,627 | €3,687 | €22,053 | €57,567 | ▲ 161% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - |
| Change in cash | - | -€1,181 | €12 | -€5 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 15 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2021 | micro format | 23-06-2022 | 2022-20127847 |
| 31-12-2020 | micro format | 23-06-2022 | 2022-20127828 |
| 31-12-2019 | abbreviated format | 15-02-2021 | 2021-05600278 |
| 31-12-2018 | abbreviated format | 15-10-2019 | 2019-70400409 |
| 31-12-2017 | abbreviated format | 28-08-2018 | 2018-57900373 |
| 31-12-2016 | abbreviated format | 21-08-2017 | 2017-47100573 |
| 31-12-2015 | abbreviated format | 25-08-2016 | 2016-56100373 |
| 31-12-2014 | abbreviated format | 27-08-2015 | 2015-53100265 |
| 31-12-2013 | abbreviated format | 22-08-2014 | 2014-46200571 |
| 31-12-2012 | abbreviated format | 26-08-2013 | 2013-47800096 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.