OPENING OF BANKRUPTCY

SEA & CAR MOTORS

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Financial year 2023 · closed on 30/06/2023

Net result

6,5 k €

-94.3% YoY

Gross margin

228,6 k €

-33.5% YoY

Equity

-85,5 k €

+7.1% YoY

Workforce

3,0 ETP

-26.8% YoY

Company — Opening of bankruptcy.

What does SEA & CAR MOTORS do?

SEA & CAR MOTORS is a Public limited company incorporated in 1988. Its main activity is: Repair of machinery. Its registered office is in Merelbeke-Melle. It employs on average 3,0 ETP workers (FTE).

Legal situation

● Opening of bankruptcy

BCE/KBO no. / VAT

BE 0435.430.030

Incorporation

07/10/1988

Legal form

Public limited company

Registered office

Nijverheidsweg 24
9820 Merelbeke-Melle · FlandreSee on map

Contributed capital

450 000,00 €

Latest accounts

30/06/2023

Average workforce

3,0 ETP

Activities (NACE)

33120Repair of machinery· main 33120Repair of machinery 50103Sea and coastal passenger water transport 45113Sale of cars and light motor vehicles 45201Maintenance and repair of motor vehicles 45202Maintenance and repair of motor vehicles+3

Joint committees (2)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	228,6 k €	-33.5%	343,6 k €	+42.1%	241,8 k €	-25.3%	323,9 k €	+2.3%	316,7 k €	-21.7%	404,7 k €	-3.9%	421,2 k €	+37.7%	305,9 k €	-24.7%	406,4 k €	+1301%	29 k €	-78.6%	135,9 k €	-52.7%	287 k €	-15.2%	338,5 k €	+157%	-596,3 k €	-225%	477,1 k €	-46.6%	892,9 k €	+12.5%	793,6 k €
EBITDA	67,2 k €	-65.6%	195,2 k €	+92.9%	101,2 k €	-21.8%	129,4 k €	-4.1%	134,9 k €	-35.7%	209,6 k €	-11.4%	236,6 k €	+70.5%	138,8 k €	-46.8%	261 k €	+238%	-189,7 k €	-100%	-94,7 k €	-437%	28,1 k €	-77.5%	125,1 k €	+116%	-795 k €	-367%	297,5 k €	-58.4%	714,7 k €	+17.4%	608,7 k €
Operating result	47,1 k €	-69.3%	153,7 k €	+5517%	2,7 k €	-94.2%	47,4 k €	+34.0%	35,4 k €	-74.1%	136,7 k €	-32.4%	202,1 k €	+84.6%	109,5 k €	-50.5%	221 k €	+192%	-239,8 k €	-8.9%	-220,2 k €	-22.5%	-179,8 k €	-65.9%	-108,4 k €	+90.8%	-1,2 M €	-1072%	120,7 k €	-20.0%	150,8 k €	+51.7%	99,5 k €
Net result	6,5 k €	-94.3%	113,1 k €	+492%	-28,8 k €	-391%	9,9 k €	+54.2%	6,4 k €	-94.1%	108,5 k €	-28.0%	150,8 k €	+111%	71,5 k €	-68.0%	223,8 k €	+170%	-318,8 k €	-12.4%	-283,7 k €	-278%	-75 k €	+82.4%	-426,2 k €	+4.3%	-445,3 k €	-216%	384 k €	+5204%	7,2 k €	+113%	-55,1 k €
Balance sheet
Equity	-85,5 k €	+7.1%	-92 k €	+55.1%	-205 k €	-306%	99,8 k €	+11.0%	89,9 k €	+7.7%	83,4 k €	-69.7%	274,9 k €	+121%	124,1 k €	+136%	52,6 k €	+131%	-171,2 k €	+57.5%	-402,4 k €	+24.5%	-532,7 k €	-16.4%	-457,7 k €	-1354%	-31,5 k €	-108%	413,8 k €	+1289%	29,8 k €	+32.1%	22,5 k €
Total assets	884,1 k €	-8.9%	970,1 k €	-11.5%	1,1 M €	-26.0%	1,5 M €	-21.8%	1,9 M €	+20.2%	1,6 M €	+40.7%	1,1 M €	+21.3%	923 k €	-14.2%	1,1 M €	+28.3%	838 k €	-33.8%	1,3 M €	-24.5%	1,7 M €	-16.6%	2 M €	-16.1%	2,4 M €	-44.4%	4,3 M €	-9.1%	4,7 M €	-21.1%	6 M €
Cash	25,7 k €	+293%	6,5 k €	-23.9%	8,6 k €	+253%	2,4 k €	-79.6%	11,9 k €	-84.2%	75,3 k €	+2569%	2,8 k €	+3.1%	2,7 k €	-58.9%	6,7 k €	-46.6%	12,5 k €	-58.6%	30,1 k €	+2.1%	29,5 k €	+113%	13,8 k €	+65.1%	8,4 k €	+768%	965,3 €	-59.8%	2,4 k €	-87.4%	19,1 k €
Debts	969,6 k €	-8.7%	1,1 M €	-18.4%	1,3 M €	-5.5%	1,4 M €	-23.5%	1,8 M €	+21.1%	1,5 M €	+75.9%	844,8 k €	+5.7%	798,9 k €	-21.9%	1 M €	+1.3%	1 M €	-39.0%	1,7 M €	-25.1%	2,2 M €	-10.6%	2,5 M €	+1.8%	2,4 M €	-37.7%	3,9 M €	-17.2%	4,7 M €	-21.4%	6 M €
Other
Workforce	3,0 ETP	-26.8%	4,1 ETP	+24.2%	3,3 ETP	+13.8%	2,9 ETP	-6.5%	3,1 ETP	-3.1%	3,2 ETP	0.0%	3,2 ETP	+33.3%	2,4 ETP	+4.3%	2,3 ETP	-20.7%	2,9 ETP	-14.7%	3,4 ETP	-15.0%	4,0 ETP	0.0%	4,0 ETP	+14.3%	3,5 ETP	+20.7%	2,9 ETP	+16.0%	2,5 ETP	-28.6%	3,5 ETP

Governance

Board of directors

Seen on filing of 30/06/2023 · 3 active · 19 ended

Active mandates

Jurgen Schoutteet

Mandate

Active

Linda De Keyzer

Mandate

Active

Nancy Schoutteet

Mandate

Active

Ended mandates

Jurgen Schoutteet

bestuurder · since 26 octobre 2018 · until 26 octobre 2024

Ended

Jurgen Schoutteet

Director · since 26 octobre 2018 · until 26 octobre 2024

Ended

Linda De Keyzer

Managing director · since 26 octobre 2018 · until 26 octobre 2024

Ended

Nancy Schoutteet

bestuurder · since 26 octobre 2018 · until 26 octobre 2024

Ended

Annual accounts

Full financial information

	2023	2022	2021	2020	2019	2018
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/07/2022	01/07/2021	01/07/2020	01/07/2019	01/07/2018	01/07/2017
Closing of the financial year	30/06/2023	30/06/2022	30/06/2021	30/06/2020	30/06/2019	30/06/2018
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	23/01/2024	31/01/2023	23/03/2022	24/02/2021	20/08/2020	10/01/2019
General meeting	23/01/2024	31/01/2023	31/01/2022	19/12/2020	21/12/2019	15/12/2018
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2023	23/01/2024	23/01/2024	Dutch	PDF
Abridged model	30/06/2022	31/01/2023	31/01/2023	Dutch	PDF
Abridged model	30/06/2021	31/01/2022	23/03/2022	Dutch	PDF
Abridged model	30/06/2020	19/12/2020	24/02/2021	Dutch	PDF
Abridged modelCorrection	30/06/2019	21/12/2019	20/08/2020	Dutch	PDF
Abridged model	30/06/2019	21/12/2019	13/02/2020	Dutch	PDF
Abridged model	30/06/2018	15/12/2018	10/01/2019	Dutch	PDF
Abridged model	30/06/2017	27/10/2017	05/01/2018	Dutch	PDF
Abridged model	30/06/2016	28/10/2016	04/01/2017	Dutch	PDF
Abridged modelCorrection	30/06/2015	30/10/2015	11/05/2016	Dutch	PDF
Abridged model	30/06/2015	30/10/2015	30/12/2015	Dutch	PDF
Abridged model	30/06/2014	31/10/2014	04/03/2015	Dutch	PDF
Abridged model	30/06/2013	06/02/2014	28/02/2014	Dutch	PDF
Abridged model	30/06/2012	18/12/2012	19/01/2013	Dutch	PDF
Abridged model	30/06/2011	11/02/2012	29/02/2012	Dutch	PDF
Abridged model	30/06/2010	29/10/2010	15/04/2011	Dutch	PDF
Abridged model	30/06/2009	26/10/2009	26/11/2009	Dutch	PDF
Abridged model	30/06/2008	22/12/2008	23/12/2008	Dutch	PDF
Abridged model	30/06/2007	16/11/2007	14/12/2007	Dutch	PDF

Estimate

Indicative valuation

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

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Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/06/2023 · 3 active · 19 ended

Active mandates

Jurgen Schoutteet

Mandate

Active

Linda De Keyzer

Mandate

Active

Nancy Schoutteet

Mandate

Active

Ended mandates

Jurgen Schoutteet

bestuurder · since 26 octobre 2018 · until 26 octobre 2024

Ended

Jurgen Schoutteet

Director · since 26 octobre 2018 · until 26 octobre 2024

Ended

Linda De Keyzer

Managing director · since 26 octobre 2018 · until 26 octobre 2024

Ended

Nancy Schoutteet

bestuurder · since 26 octobre 2018 · until 26 octobre 2024

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates31/08/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/07/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/02/2019
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares15/10/2018
KAPITAAL - AANDELEN
PDF
Registered office01/12/2014
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares10/07/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares28/12/2012
KAPITAAL - AANDELEN
PDF
Mandates19/12/2012
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2023
Annual accounts 20236,5 k €↓
2022
Annual accounts 2022113,1 k €↑
2021
Annual accounts 2021-28,8 k €↓
2020
Annual accounts 20209,9 k €↑
2019
Annual accounts 20196,4 k €↓
2018
Annual accounts 2018108,5 k €↓
2017
Annual accounts 2017150,8 k €↑
2016
Annual accounts 201671,5 k €↓
2015
Annual accounts 2015223,8 k €↑
2014
Annual accounts 2014-318,8 k €↓
2013
Annual accounts 2013-283,7 k €↓
2012
Annual accounts 2012-75 k €↑
2011
Annual accounts 2011-426,2 k €↑
2010
Annual accounts 2010-445,3 k €↓
2009
Annual accounts 2009384 k €↑
2008
Annual accounts 20087,2 k €↑
2007
Annual accounts 2007-55,1 k €
07/10/1988
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

SEA & CAR MOTORS

Overview

What does SEA & CAR MOTORS do?

Trend over 17 financial years

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline