SRE
InactiveInactive; last annual accounts for fiscal year 2022.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2022 was due by 30-04-2023 and was filed on 28-04-2023, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2022
2 d early
2021
3 d early
2020
44 d early
2019
18 d late
2018
13 d early
2017
30 d late
2016
16 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, abbreviated schema
Equity
€2.43M▲ 171%
2021 · €895k
2018: €1.17M
2019: €1.31M
2020: €843k
2021: €895k
2018 → 2022
Total assets
€4.15M▲ 90.5%
2021 · €2.18M
2018: €3.00M
2019: €2.99M
2020: €2.97M
2021: €2.18M
2018 → 2022
Net result
€1.53M▲ 2,820%
2021 · €52k
2018: €130k
2019: €137k
2020: €146k
2021: €52k
2018 → 2022
Working capital
€2.74M▲ 7,616%
2021 · €35k
2018: €249k
2019: €335k
2020: €-186k
2021: €35k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€1.17M-€1.31M▲ 11.7%€843k▼ 35.5%€895k▲ 6.2%€2.43M▲ 171%
Operating result€206k-€212k▲ 2.8%€209k▼ 1.1%€131k▼ 37.4%€2.06M▲ 1,472%
Net result€130k-€137k▲ 5.6%€146k▲ 6.4%€52k▼ 64.0%€1.53M▲ 2,820%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2022; 2022 is 1,472% above 2021 and is the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €4.15M
Fixed assets
€1.34M ▼ 35.3%
Current assets
€2.81M ▲ 2,678%
Equity and liabilities €4.15M
Equity
€2.43M ▲ 171%
Provisions
€493k
Debt
€1.23M ▼ 4.1%
Debt's share of the balance-sheet total falls from 58.9% to 29.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€2.09M▲
2021 · €215k
Cash flow
€1.57M▲
2021 · €136k
Current ratio
38.33▲
2021 · 1.54
Debt to equity
0.51▼
2021 · 1.43
ROE
63.1%▲
2021 · 5.9%
ROA
36.9%▲
2021 · 2.4%
Interest coverage
127.26▲
2021 · 3.50
Debt ≤ 1 year
€73k▲
2021 · €66k
Debt > 1 year
€1.16M▼
2021 · €1.21M
Income taxes
€18k▲
2021 · €17k
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 · 2022 against 2021 · 50 lines
Balance sheet
Code20212022
Assets
Total assets20/58€2.18M€4.15M▲
Fixed assets21/28€2.08M€1.34M▼
Tangible fixed assets22/27€2.08M€1.34M▼
Land and buildings22€2.08M€1.34M▼
Current assets29/58€101k€2.81M▲
Amounts receivable within one year40/41€71k€1.98M▲
Trade receivables40€4k€23k▲
Other amounts receivable41€67k€1.96M▲
Cash at bank and in hand54/58€30k€825k▲
Equity and liabilities
Total equity and liabilities10/49€2.18M€4.15M▲
Equity10/15€895k€2.43M▲
Contributions10/11€592k€592k=
Capital10€592k€592k=
Issued capital100€592k€592k=
Reserves13€249k€1.73M▲
Non-distributable reserves130/1€59k€59k=
Legal reserve130€59k€59k=
Tax-exempt reserves132-€1.48M
Distributable reserves133€190k€190k=
Profit (loss) carried forward14€55k€107k▲
Provisions and deferred taxes16-€493k
Deferred taxes168-€493k
Amounts payable17/49€1.28M€1.23M▼
Amounts payable after more than one year17€1.21M€1.16M▼
Financial debts170/4€1.21M€1.16M▼
Amounts payable within one year42/48€66k€73k▲
Current portion of amounts payable after more than one year42€65k€65k=
Trade debts44€634€237▼
Suppliers440/4€634€237▼
Taxes, remuneration and social security45-€8k
Taxes450/3-€8k
Other amounts payable47/48-€150
Accrued charges and deferred income492/3€11k-
Income statement
Code20212022
Non-recurring operating income76A-€1.97M
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€84k€33k▼
Other operating charges640/8€13k€12k▼
Gross operating margin9900€228k€2.11M▲
Operating profit (loss)9901€131k€2.06M▲
Financial income75/76B€313-
Recurring financial income75€313-
Financial charges65/66B€61k€16k▼
Recurring financial charges65€61k€16k▼
Profit (loss) for the period before taxes9903€70k€2.04M▲
Transfer to deferred taxes680-€493k
Income taxes67/77€17k€18k▲
Profit (loss) for the period9904€52k€1.53M▲
Transfer to tax-exempt reserves689-€1.48M
Profit (loss) for the period to be appropriated9905€52k€52k▼
Appropriation of the result
Profit (loss) to be appropriated9906€55k€107k▲
Profit (loss) brought forward from the previous period14P€2k€55k▲
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
02-02
State Gazette act
General meeting · Merger
Dissolution · Accounting effect · Marie-Ghislaine Brosens
2022
16-11
State Gazette act
Merger · Accounting effect
Corporate purpose · Capital
30-09
Financial
Highest result since 2018net €1.53M ▲2820%
Operating result €2.06M, net result €1.53M, both a record.
30-09
Financial
Liquidity times 25current ratio 38.33
Current ratio from 1.54 to 38.33.
30-09
Financial
Equity above €2MEq €2.43M ▲171%
5 profitable years in a row build equity to €2.43M.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €52k ▼64%
Net result drops to €52k, the lowest in the series.
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
18-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 18 days late
2019
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
Show earlier events
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 16 days late
2016
23-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 23 days late
2015
11-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 11 days late
03-02
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 187 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Structure & network
Acquisitions and mergers
1 transactionTaken over by:Nobel