Turnover
€157,385 ▲ 66.6%
Turnover rose in 2025 from €94,490 to €157,385.
S&E
Lifetime
3 annual accounts with figures on one time axispeak €33,396 (2025)
€33,396▲ €50,307
lowest -€17,506 (2024)
€12,456▲ €29,961
peak €10,406 (2023)
€5,356▲ €12,456
€45,640▲ 45.4%
Board2 names since 2023
2 directorsErdzhan Eredzhebov SHEFKEDOV and 1 other
Documentsfilings and deeds
02-07-202629 days before the deadline
2025micro format
Turnover from €94,490 to €157,385Gross margin from -€16,911 to €33,396Back to profit: €12,456Equity from -€7,099 to €5,356Debts from €31,383 to €45,640Cash from €822 to €25,554
Key points
from the 2025 annual accountsDebts
€45,640 89% of the balance sheet
Suppliers 8%Taxes and wages 72%Other 20%
Investments
€8,500 9.5 × depreciation
Green is investment, beige is depreciation.
Payment terms
10 days to suppliers
S&E pays its suppliers 3 days later than in 2024. Customers pay 49 days earlier.
Filings
3 annual accounts 2 late
The 2023 accounts came latest: 330 days after the end of the period.
Position in the sector
€5,356
Less equity than 87% of companies in specialised construction. Sector median €57,703 · 35,137 companies.
Checked score
52
Fair
Financially stronger than 55% of micro companies in specialised construction (NACE 43)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.9% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.0%
01-2025: 2.9%▼ -0.1 percentage points vs 12-2024
02-2025: 3.0%▲ +0.1 percentage points vs 01-2025
03-2025: 3.3%▲ +0.3 percentage points vs 02-2025
04-2025: 3.3%● unchanged vs 03-2025
05-2025: 3.3%● unchanged vs 04-2025
06-2025: 3.3%● unchanged vs 05-2025
07-2025: 6.6%▲ +3.3 percentage points vs 06-2025
08-2025: 7.1%▲ +0.5 percentage points vs 07-2025
09-2025: 7.3%▲ +0.2 percentage points vs 08-2025
10-2025: 8.9%▲ +1.6 percentage points vs 09-2025highest value
11-2025: 5.2%▼ -3.7 percentage points vs 10-2025
12-2025: 5.1%▼ -0.1 percentage points vs 11-2025
01-2026: 5.2%▲ +0.1 percentage points vs 12-2025
02-2026: 7.2%▲ +2.0 percentage points vs 01-2026
03-2026: 7.1%▼ -0.1 percentage points vs 02-2026
04-2026: 8.3%▲ +1.2 percentage points vs 03-2026
05-2026: 8.5%▲ +0.2 percentage points vs 04-2026
06-2026: 8.7%▲ +0.2 percentage points vs 05-2026
07-2026: 8.7%● unchanged vs 06-2026
08-2026: 2.9%▼ -5.8 percentage points vs 07-2026lowest value
09-2026: 2.9%● unchanged vs 08-2026lowest value
10-2026: 2.9%● unchanged vs 09-2026lowest value
11-2026: 2.9%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Founded in 2023
1 change of registered office in 24 months
lowers risk
Liquidity: current ratio 0.95, cash €25,554
Figures for financial year 2025 (filed on 02-07-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 14% of them on solvency, 44% on liquidity, 68% on profitability and 93% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 7,976 companies had the same profile as S&E has now. Each dot stands for 20 companies, two years later.
94.3%
were still trading
1.8%
stopped another way
3.6%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of S&E itself: 2.9% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,976 companies, not a prediction for S&E. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
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Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 35125 sector peers (2025).
NBB · sector comparisonPosition among 35125 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-07-2026, 29 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
29 days early
2024
60 days late
2023
330 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 120 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 September (3 of the last 3 accounts filed within 271 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Shefked Eredzhebov SHEFKEDOV 51 sharesdeed of 06-04-2023
- Erdzhan Eredzhebov SHEFKEDOV 49 sharesdeed of 06-04-2023
Recent changes
Registered office moved within Hamme
New registered office: Broekstraat 202 bus 01 te 9220 Hamme · Previous registered office: Damstraat 45-9220 Hamme · General meeting of 19-11-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0800402626
Incorporation
Founding capital of €4,000, 100 shares · Founders: Shefked Eredzhebov SHEFKEDOV and Erdzhan Eredzhebov SHEFKEDOV · Appointments: Shefked Eredzhebov SHEFKEDOV (director) and Erdzhan Eredzhebov SHEFKEDOV (director) · published on 06-04-2023 · Gazette deed
First establishment
Broekstraat 202, Hamme (Vl.)
Comparable companies
same main activity, similar in size and ageThese companies have the same main activity as S&E: site preparation (NACE 43120). They are comparable in size and age: total assets between €43,400 and €65,000, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 04-04-2023Normal situation
- Activity
- Site preparationNACE 43120and 2 others
- Establishment unit
- 2.344.434.2739220 Hamme (Vl.), since 04-04-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 26-10-2025
Annual accounts 2025
- €50,996▲ 110%
- ≈ 0.6 FTEestimated
- Filing
- Filed on 02-07-2026, 29 days before the end of the filing period
Insights on S&E
S&E files the micro format. That format states no turnover. The gross margin rose from €8,404 in 2023 to €33,396 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about S&E
- What is the company number of S&E?
- The company number of S&E is 0800.402.626. The VAT number is the same number with BE in front: BE 0800.402.626.
- Where is S&E based?
- The registered office is at Broekstraat 202, 9220 Hamme (Vl.).Company details
- What does S&E do?
- According to the KBO register, the main activity is site preparation (NACE 43120).
- What is the legal form of S&E?
- S&E is a private limited company (BV).
- When was S&E founded?
- S&E was founded on 04-04-2023.
- Is S&E still active?
- Yes, S&E is an active enterprise in the KBO register.
- What is the turnover of S&E?
- The turnover of S&E was €157,385 in financial year 2025, according to the filed annual accounts.Financials
- Is S&E profitable?
- In financial year 2025, S&E made a profit of €12,456.
- Where can I find the annual accounts of S&E?
- S&E filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of S&E due?
- S&E must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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