S.E.D.
ActiveSummary
S.E.D. has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €272,770 and a net result of -€2,470. Equity remains stable across the filed financial years (±1% per year). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €272,770
- Loss
- -€2,470
Why 95lowers riskSize: total assets €272,770Equity €272,770 (100.0% of total assets)Liquidity: cash €124,034Founded in 1991Show the evidence
Checked score
Fewer than 1 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 (no NACE code, micro): better than 81% on solvency, 95% on liquidity, 25% on profitability and 41% on growth.
The bankruptcy probability was computed on 18-10-2026 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 25 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Annual accounts filedfinancial year 2024 · abbreviated…
- Weakest financial yearnet -€5,288
Financials · financial year 2025, full format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €1,562 in 2025 against €4,259 in 2024; the loss shrinks.
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.
Use the arrow keys on the chart for the figures per year.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €522 | €525 | €557 | €837 | €607 | ▼ 27.4% |
| Gross operating margin9900 | -€691 | -€1,387 | -€726 | -€751 | -€808 | -€1,019 | -€3,422 | -€955 | ▲ 72.1% |
| Operating profit (loss)9901 | -€1,205 | -€1,557 | -€1,246 | -€1,272 | -€1,333 | -€1,576 | -€4,259 | -€1,562 | ▲ 63.3% |
| Financial income75/76B | - | - | - | - | - | - | €0 | - | - |
| Recurring financial income75 | - | - | - | - | - | - | €0 | - | - |
| Financial charges65/66B | - | - | - | €968 | €968 | €1,029 | €1,029 | €908 | ▼ 11.8% |
| Recurring financial charges65 | €303 | €1,150 | €1,815 | €968 | €968 | €1,029 | €1,029 | €908 | ▼ 11.8% |
| Profit (loss) for the period before taxes9903 | -€1,507 | -€2,706 | -€3,061 | -€2,240 | -€2,301 | -€2,606 | -€5,288 | -€2,470 | ▲ 53.3% |
| Profit (loss) for the period9904 | -€1,507 | -€2,706 | -€3,061 | -€2,240 | -€2,301 | -€2,606 | -€5,288 | -€2,470 | ▲ 53.3% |
| Profit (loss) for the period to be appropriated9905 | -€1,507 | -€2,706 | -€3,061 | -€2,240 | -€2,301 | -€2,606 | -€5,288 | -€2,470 | ▲ 53.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €293,442 | €290,736 | €287,675 | €285,435 | €283,134 | €280,528 | €275,240 | €272,770 | ▼ 0.9% |
| Fixed assets21/28 | €148,736 | €148,736 | €148,736 | €148,736 | €148,736 | €148,736 | €148,736 | €148,736 | = |
| Financial fixed assets28 | €148,736 | €148,736 | €148,736 | €148,736 | €148,736 | €148,736 | €148,736 | €148,736 | = |
| Current assets29/58 | €144,706 | €142,000 | €138,939 | €136,699 | €134,398 | €131,792 | €126,504 | €124,034 | ▼ 2.0% |
| Amounts receivable within one year40/41 | - | - | - | - | - | €21 | - | - | - |
| Trade receivables40 | - | - | - | - | - | €21 | - | - | - |
| Cash at bank and in hand54/58 | €144,706 | €142,000 | €138,939 | €136,699 | €134,398 | €131,771 | €126,504 | €124,034 | ▼ 2.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €293,442 | €290,736 | €287,675 | €285,435 | €283,134 | €280,528 | €275,240 | €272,770 | ▼ 0.9% |
| Equity10/15 | €293,442 | €290,736 | €287,675 | €285,435 | €283,134 | €280,528 | €275,240 | €272,770 | ▼ 0.9% |
| Contributions10/11 | €175,000 | €175,000 | €175,000 | €175,000 | €175,000 | €175,000 | €175,000 | €175,000 | = |
| Capital10 | - | - | - | €175,000 | €175,000 | €175,000 | €175,000 | €175,000 | = |
| Issued capital100 | - | - | - | €175,000 | €175,000 | €175,000 | €175,000 | €175,000 | = |
| Reserves13 | €129,384 | €129,384 | €129,384 | €129,384 | €129,384 | €129,384 | €129,384 | €129,384 | = |
| Non-distributable reserves130/1 | - | - | - | €17,540 | €17,540 | €17,540 | €17,540 | €17,540 | = |
| Legal reserve130 | - | - | - | €17,540 | €17,540 | €17,540 | €17,540 | €17,540 | = |
| Distributable reserves133 | - | - | - | €111,844 | €111,844 | €111,844 | €111,844 | €111,844 | = |
| Profit (loss) carried forward14 | -€10,942 | -€13,648 | -€16,709 | -€18,949 | -€21,251 | -€23,857 | -€29,144 | -€31,614 | ▼ 8.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,507 | -€2,706 | -€3,061 | -€2,240 | -€2,301 | -€2,606 | -€5,288 | -€2,470 | ▲ 53.3% |
| Operating cash flow (approximation) | -€1,507 | -€2,706 | -€3,061 | -€2,240 | -€2,301 | -€2,606 | -€5,288 | -€2,470 | ▲ 53.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€2,706 | -€3,061 | -€2,240 | -€2,301 | -€2,627 | -€5,267 | -€2,470 | ▲ 53.1% |
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 34 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 29-06-2026 | 2026-00214745 |
| 31-12-2024 | abbreviated format | 04-07-2025 | 2025-00239578 |
| 31-12-2023 | abbreviated format | 28-06-2024 | 2024-00204575 |
| 31-12-2022 | micro format | 13-07-2023 | 2023-00246953 |
| 31-12-2021 | abbreviated format | 28-06-2022 | 2022-20157796 |
| 31-12-2020 | abbreviated format | 29-06-2021 | 2021-27800241 |
| 31-12-2019 | abbreviated format | 29-07-2020 | 2020-35800049 |
| 31-12-2018 | abbreviated format | 03-07-2019 | 2019-29600415 |
| 31-12-2017 | abbreviated format | 28-06-2018 | 2018-25900341 |
| 31-12-2016 | abbreviated format | 30-06-2017 | 2017-27000408 |
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
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
About the unread acts
We know of 4 Belgian Official Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Register details
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
What can you do?
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 18 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 |
|---|---|---|---|---|
| 11808H1176/00N011 | Flanders | 297 m² | 1 · 256 m² | 35.0 m · 9 |