S.E.A.D.E.X
ActiveSummary
S.E.A.D.E.X has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €35,656 and a net result of €21,240. Equity is growing by about 4.2% per year across the filed financial years. Its solvency ranks better than 11% of 6,131 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
- Equity
- €35,656
- Profit
- €21,240
- Parent
- Veodia sarl
Why 80raises riskFigures for financial year 2025 (filed 29-10-2025)Equity €35,656 (7.1% of total assets)lowers riskSize: total assets €503,414Founded in 2008Show the evidence
Checked score
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 46, micro): better than 21% on solvency, 24% on liquidity, 37% on profitability and 19% on growth.
The bankruptcy probability was computed on 23-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 4 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Amendment of the articles · Legal-form…Capital conversion · Reserve release…
- Annual accounts filedfinancial year 2024 · full…
Financials · financial year 2025, full format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result falls in 2025; 2025 is 45% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 1,448 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 95.6% are still going.
- Small
- 10 to 20 years old
- solvency under 10%
- a profit under 5% of the balance sheet
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,448 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €348 | €348 | €384 | €387 | ▲ 0.8% |
| Gross operating margin9900 | €65,670 | -€56,271 | -€38,448 | €73,451 | €38,682 | €61,303 | €33,783 | ▼ 44.9% |
| Operating profit (loss)9901 | €64,802 | -€57,139 | -€39,316 | €73,103 | €38,335 | €60,919 | €33,396 | ▼ 45.2% |
| Recurring financial income75 | €30 | - | - | - | - | - | - | - |
| Financial charges65/66B | - | - | - | €4,201 | €4,201 | €4,201 | €4,201 | = |
| Recurring financial charges65 | €2,406 | €3,451 | €4,201 | €4,201 | €4,201 | €4,201 | €4,201 | = |
| Profit (loss) for the period before taxes9903 | €62,426 | -€60,590 | -€43,517 | €68,903 | €34,134 | €56,718 | €29,195 | ▼ 48.5% |
| Income taxes67/77 | €21,380 | - | - | - | - | €14,326 | €7,956 | ▼ 44.5% |
| Profit (loss) for the period9904 | €41,046 | -€60,590 | -€43,517 | €68,903 | €34,134 | €42,392 | €21,240 | ▼ 49.9% |
| Profit (loss) for the period to be appropriated9905 | €41,046 | -€60,590 | -€43,517 | €68,903 | €34,134 | €42,392 | €21,240 | ▼ 49.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €574,977 | €340,602 | €57,430 | €470,246 | €299,399 | €272,533 | €503,414 | ▲ 84.7% |
| Fixed assets21/28 | €450 | €450 | €450 | €450 | €450 | €450 | €450 | = |
| Financial fixed assets28 | €450 | €450 | €450 | €450 | €450 | €450 | €450 | = |
| Current assets29/58 | €574,527 | €340,152 | €56,980 | €469,796 | €298,949 | €272,083 | €502,964 | ▲ 84.9% |
| Stocks and contracts in progress3 | - | - | - | - | - | - | €150,018 | - |
| Stocks30/36 | - | - | - | - | - | - | €150,018 | - |
| Amounts receivable within one year40/41 | €341,152 | €253,424 | €10,199 | €314,850 | €245,677 | €29,343 | €248,524 | ▲ 747% |
| Trade receivables40 | - | - | - | €313,360 | €244,398 | €27,876 | €247,712 | ▲ 789% |
| Other amounts receivable41 | - | - | - | €1,490 | €1,279 | €1,467 | €811 | ▼ 44.7% |
| Cash at bank and in hand54/58 | €233,375 | €86,727 | €46,780 | €154,946 | €53,271 | €242,739 | €104,422 | ▼ 57.0% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €574,977 | €340,602 | €57,430 | €470,246 | €299,399 | €272,533 | €503,414 | ▲ 84.7% |
| Equity10/15 | €67,707 | €7,117 | -€36,400 | €32,502 | €32,637 | €45,029 | €35,656 | ▼ 20.8% |
| Contributions10/11 | €18,600 | - | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €47,247 | -€13,343 | -€56,860 | €12,042 | €12,177 | €24,569 | €15,196 | ▼ 38.1% |
| Amounts payable17/49 | €507,270 | €333,485 | €93,830 | €437,744 | €266,762 | €227,504 | €467,758 | ▲ 106% |
| Amounts payable within one year42/48 | €507,270 | €333,485 | €93,830 | €437,744 | €266,762 | €227,504 | €467,521 | ▲ 106% |
| Trade debts44 | €384,821 | €211,036 | €93,830 | €266,909 | €232,762 | €193,178 | €399,553 | ▲ 107% |
| Suppliers440/4 | - | - | - | €266,909 | €232,762 | €193,178 | €399,553 | ▲ 107% |
| Advances received on contracts in progress46 | - | - | - | €170,835 | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | - | - | €4,326 | €7,956 | ▲ 83.9% |
| Taxes450/3 | - | - | - | - | - | €4,326 | €7,956 | ▲ 83.9% |
| Other amounts payable47/48 | - | - | - | - | €34,000 | €30,000 | €60,012 | ▲ 100% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €237 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €41,046 | -€60,590 | -€43,517 | €68,903 | €34,134 | €42,392 | €21,240 | ▼ 49.9% |
| Operating cash flow (approximation) | €41,046 | -€60,590 | -€43,517 | €68,903 | €34,134 | €42,392 | €21,240 | ▼ 49.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€146,647 | -€39,947 | €108,166 | -€101,675 | €189,468 | -€138,317 | - |
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 16 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-03-2025 | full format | 29-10-2025 | 2025-00552166 |
| 31-03-2024 | full format | 19-08-2024 | 2024-00349351 |
| 31-03-2023 | full format | 27-11-2023 | 2023-00516216 |
| 31-03-2022 | full format | 04-11-2022 | 2022-20484473 |
| 31-03-2021 | full format | 18-11-2021 | 2021-77600416 |
| 31-03-2020 | full format | 26-11-2020 | 2020-72300142 |
| 31-03-2019 | full format | 27-11-2019 | 2019-74500414 |
| 31-03-2018 | full format | 31-10-2018 | 2018-71100034 |
| 31-03-2017 | full format | 29-11-2017 | 2017-70600535 |
| 31-03-2016 | full format | 25-11-2016 | 2016-68500173 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
1 ownerChain of control
- Veodia sarlFR
- S.E.A.D.E.X
Highest known parent: Veodia sarl (France). The sources do not say who stands above it.
Owners 1
- Veodia sarlFRconsolidating parentconsolidates
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- 05-05-2025 Converted to unavailable equity · €20,460
Group and network
Connections & network
No directors read yet: 1 of 3 Gazette acts processed.
History
Acts, filings and financial milestones
05-05
Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointments · MiscellaneousCapital conversion · Reserve release · Board rule12 facts ▸
- General meeting, 04-04-2025
- Other provision, “adaptation statuts au Code des sociétés et des associations, adapter statuts” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “formes et majorités de la modification des statuts, compte de capitaux propres statutairement indisponible créé en application de l’article 39,§2,alinéa 2 loi d…” (deed in French)
- Board rule, 01-01-2020, 2
- Board composition, FAYET Pascal Jean-Paul Jean-Marie (director)
- Board composition, COLLARD Jean-François Tancrède (director)
- Amendment of the articles
- Capital
- Registered office clause, “7540Tournai(Kain),RueduFollet,10boîte003” (deed in French)
- Power of attorney
- Power of attorney, DAELS,DAELS,DEFAUW&PARKGeassocieerdeNotarissen
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 23 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 57042C0786/00M002 | Wallonia | 4,951 m² | 1 · 1,527 m² | 14.7 m · 4 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “L’achat et la revente en gros de pièces de rechange automobiles; La fonction d'intermédiaire en tout genre de commerce,soit comme…” (deed in French)
11 activities (deed in French)
- L’achat et la revente en gros de pièces de rechange automobiles
- La fonction d'intermédiaire en tout genre de commerce,soit comme agent,courtier
- La prise de participations et la détention de titres dans des autres sociétés et entreprises
- L'obtention,la sauvegarde,l'exploitation et cession tous droits de propriété intellectuels et/ou industriels y compris tout know-how,patenté ou non
- Investir,placer,gérer,administrer et exploiter tous genres de valeurs et possessions mobilières,le tout pour propre compte,le financement des investissements,accorder des cautions et des sûretés
- Toutes activités concernant prêts,placements d’argent,trusts et toutes autres opérations financières;le tout sous condition d’avoir obtenu préalablement toute autorisation nécessaire
- Contracter,négocier et conclure des prêts en consignation,en commission,tant comme intermédiaire que comme agent
- Toutes activités quelconques concernant des biens immobiliers,entre autres l’achat et la vente,promotion de construction,exploitation,valorisation,lotir,urbanisation,remembrement,échange et partage,leasing et location de tous biens immeubles,bâtis et non bâtis,meublés ou non meublés,ainsi que l’exécution de tous travaux de construction et de transformation,contracter et en général toute faire concernant leur emploi,usage et exploitation,toutes activités concernant les droits immeubles
- Exécuter ou faire exécuter du research concernant des entreprises dans tous les domaines techniques,conseiller ou faire conseiller en ce qui concerne management et computérisation,ainsi que l’introduction,l’enseignement et l’exécution de tel research et conseils
- L'administration,le suivi et les conseils aux entreprises et des sociétés;exercer des mandats et assumer la direction dans des sociétés
- L’étude,le développement,l’entretien et maintenance de bâtiments,installations et équipement destiné à l’industrie en général
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- S.E.A.D.E.X.
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région Wallonne, établir ou supprimer sièges administratifs,ateliers,agences,dépôts et succursales,tant en Belgique qu'à l'étranger par…” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation de durée, Article 12” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, titulaires peuvent prendre connaissance du registre relatif à leurs titres” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Article 11, libre de céder tout ou partie librement” (deed in French)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- One provision in the deed
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- 2 provisions in the deed