S.E.D. MANAGEMENT
ActiveSummary
S.E.D. MANAGEMENT has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €624,822 and a net result of €86,773. Equity is growing by ~8.9% per year across the filed fiscal years. Its solvency ranks better than 81% of 8737 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▲+2
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity ample (current ratio 3.06 against 3.56 in 2024; short-term debt: 10.1% and cash: 8.8% of total assets), and 15% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
85%
Return on assets
11.8%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
on the day
2023
5 d late
2022
10 d late
2021
18 d early
2020
55 d late
2019
62 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 13 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€86,773▼ 0.4%
2024 · €87,140
Working capital
€153,688▼ 29.5%
2024 · €217,955
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€16,018▲ 17.2%€3,508▼ 78.1%€40,181▲ 1,045%€21,493▼ 46.5%-€455
Net result€4,444within the sector's middle half▼ 94.6%€63,664above the sector's middle half▲ 1,333%€96,834within the sector's middle half▲ 52.1%€87,140within the sector's middle half▼ 10.0%€86,773within the sector's middle half▼ 0.4%
Equity€528,412within the sector's middle half▲ 0.8%€592,075above the sector's middle half▲ 12.0%€688,909within the sector's middle half▲ 16.4%€690,049within the sector's middle half▲ 0.2%€624,822within the sector's middle half▼ 9.5%
Total assets€695,453within the sector's middle half▼ 10.9%€691,199above the sector's middle half▼ 0.6%€801,097within the sector's middle half▲ 15.9%€824,594within the sector's middle half▲ 2.9%€734,883within the sector's middle half▼ 10.9%
Debt€167,041▼ 35.0%€99,124▼ 40.7%€112,188▲ 13.2%€134,545▲ 19.9%€110,061▼ 18.2%
Working capital€7,915▼ 88.0%€135,557▲ 1,613%€225,402▲ 66.3%€217,955▼ 3.3%€153,688▼ 29.5%
Solvency76.0%above the sector's middle half▲ 8.9pp85.7%above the sector's middle half▲ 9.7pp86.0%above the sector's middle half▲ 0.3pp83.7%above the sector's middle half▼ 2.3pp85.0%above the sector's middle half▲ 1.3pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €455 after €21,493 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €734,883
Fixed assets
€506,655 ▼ 2.8%
Current assets
€228,228 ▼ 24.7%
Equity and liabilities €734,883
Equity
€624,822 ▼ 9.5%
Debt
€110,061 ▼ 18.2%
Debt's share of the balance-sheet total falls from 16.3% to 15.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€15,294▼
2024 · €33,753
Cash flow
€102,522▲
2024 · €99,400
Current ratio
3.06▼
2024 · 3.56
Debt to equity
0.18▼
2024 · 0.19
ROE
13.9%▲
2024 · 12.6%
ROA
11.8%▲
2024 · 10.6%
Interest coverage
6.01▼
2024 · 15.63
Debt ≤ 1 year
€74,540▼
2024 · €85,222
Debt > 1 year
€32,216▼
2024 · €46,406
Income taxes
€11,712▼
2024 · €17,216
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,986 | €7,424 | €7,730 | €12,260 | €15,749 | ▲ 28.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €1,750 | - | - | - | - |
| Other operating charges640/8 | €4,993 | €2,636 | €2,237 | €2,316 | €3,950 | ▲ 70.6% |
| Gross operating margin9900 | €27,997 | €15,318 | €50,148 | €36,069 | €19,244 | ▼ 46.6% |
| Operating profit (loss)9901 | €16,018 | €3,508 | €40,181 | €21,493 | -€455 | ▼ 102% |
| Financial income75/76B | €265 | €75,815 | €81,806 | €85,023 | €101,483 | ▲ 19.4% |
| Recurring financial income75 | €265 | €75,815 | €81,806 | €85,023 | €101,483 | ▲ 19.4% |
| Financial charges65/66B | €5,150 | €3,718 | €2,077 | €2,160 | €2,543 | ▲ 17.7% |
| Recurring financial charges65 | €5,150 | €3,718 | €2,077 | €2,160 | €2,543 | ▲ 17.7% |
| Profit (loss) for the period before taxes9903 | €11,133 | €75,605 | €119,910 | €104,356 | €98,485 | ▼ 5.6% |
| Income taxes67/77 | €6,689 | €11,942 | €23,076 | €17,216 | €11,712 | ▼ 32.0% |
| Profit (loss) for the period9904 | €4,444 | €63,664 | €96,834 | €87,140 | €86,773 | ▼ 0.4% |
| Profit (loss) for the period to be appropriated9905 | €4,444 | €63,664 | €96,834 | €87,140 | €86,773 | ▼ 0.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €695,453 | €691,199 | €801,097 | €824,594 | €734,883 | ▼ 10.9% |
| Fixed assets21/28 | €577,382 | €506,660 | €511,351 | €521,417 | €506,655 | ▼ 2.8% |
| Tangible fixed assets22/27 | €52,002 | €46,501 | €51,192 | €61,258 | €47,496 | ▼ 22.5% |
| Land and buildings22 | €50,517 | €43,910 | €37,303 | €30,696 | €24,088 | ▼ 21.5% |
| Plant, machinery and equipment23 | €166 | - | - | - | - | - |
| Furniture and vehicles24 | €1,320 | €2,592 | €2,183 | €20,030 | €14,050 | ▼ 29.9% |
| Other tangible fixed assets26 | - | - | €11,706 | €10,532 | €9,358 | ▼ 11.1% |
| Financial fixed assets28 | €525,380 | €460,159 | €460,159 | €460,159 | €459,159 | ▼ 0.2% |
| Current assets29/58 | €118,071 | €184,539 | €289,746 | €303,177 | €228,228 | ▼ 24.7% |
| Amounts receivable after more than one year29 | - | €20,000 | €90,000 | €74,300 | €71,620 | ▼ 3.6% |
| Other amounts receivable291 | - | €20,000 | €90,000 | €74,300 | €71,620 | ▼ 3.6% |
| Amounts receivable within one year40/41 | €93,405 | €137,145 | €85,909 | €95,413 | €80,171 | ▼ 16.0% |
| Trade receivables40 | €14,258 | €15,708 | - | €22,923 | €5,034 | ▼ 78.0% |
| Other amounts receivable41 | €79,147 | €121,438 | €85,909 | €72,490 | €75,137 | ▲ 3.7% |
| Current investments50/53 | - | - | €8,000 | €8,000 | €8,000 | = |
| Cash at bank and in hand54/58 | €18,944 | €24,164 | €104,359 | €116,769 | €64,441 | ▼ 44.8% |
| Deferred charges and accrued income490/1 | €5,722 | €3,230 | €1,478 | €8,695 | €3,996 | ▼ 54.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €695,453 | €691,199 | €801,097 | €824,594 | €734,883 | ▼ 10.9% |
| Equity10/15 | €528,412 | €592,075 | €688,909 | €690,049 | €624,822 | ▼ 9.5% |
| Contributions10/11 | €6,307 | €6,307 | €6,307 | €6,307 | €6,307 | = |
| Reserves13 | €521,685 | €585,345 | €682,175 | €683,314 | €618,087 | ▼ 9.5% |
| Non-distributable reserves130/1 | €1,855 | €1,855 | €1,855 | €0 | - | - |
| Reserves not available under the articles1311 | €1,855 | €1,855 | €1,855 | €0 | - | - |
| Distributable reserves133 | €519,830 | €583,490 | €680,320 | €683,314 | €618,087 | ▼ 9.5% |
| Profit (loss) carried forward14 | €420 | €423 | €427 | €428 | €428 | = |
| Amounts payable17/49 | €167,041 | €99,124 | €112,188 | €134,545 | €110,061 | ▼ 18.2% |
| Amounts payable after more than one year17 | €56,885 | €50,041 | €43,055 | €46,406 | €32,216 | ▼ 30.6% |
| Financial debts170/4 | €56,885 | €50,041 | €43,055 | €46,406 | €32,216 | ▼ 30.6% |
| Amounts payable within one year42/48 | €110,156 | €48,982 | €64,344 | €85,222 | €74,540 | ▼ 12.5% |
| Current portion of amounts payable after more than one year42 | €67,957 | €6,845 | €6,986 | €13,758 | €14,069 | ▲ 2.3% |
| Financial debts43 | €4 | €420 | - | - | - | - |
| Credit institutions430/8 | €4 | €420 | - | - | - | - |
| Trade debts44 | €6,608 | €3,922 | €4,472 | €16,819 | €15,797 | ▼ 6.1% |
| Suppliers440/4 | €6,608 | €3,922 | €4,472 | €16,819 | €15,797 | ▼ 6.1% |
| Taxes, remuneration and social security45 | €32,738 | €34,945 | €50,036 | €51,795 | €41,824 | ▼ 19.3% |
| Taxes450/3 | €32,738 | €34,945 | €50,036 | €51,795 | €41,824 | ▼ 19.3% |
| Other amounts payable47/48 | €2,850 | €2,850 | €2,850 | €2,850 | €2,850 | = |
| Accrued charges and deferred income492/3 | - | €101 | €4,789 | €2,917 | €3,305 | ▲ 13.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,444 | €63,664 | €96,834 | €87,140 | €86,773 | ▼ 0.4% |
| + Depreciation and write-downs630 | €6,986 | €7,424 | €7,730 | €12,260 | €15,749 | ▲ 28.5% |
| Operating cash flow (approximation) | €11,430 | €71,087 | €104,564 | €99,400 | €102,522 | ▲ 3.1% |
| Investment in fixed assets (approximation) | - | €63,299 | -€12,421 | -€22,326 | -€987 | ▲ 95.6% |
| Change in cash | - | €5,220 | €80,195 | €12,410 | -€52,328 | ▼ 522% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
05-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 5 days late
2023
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 10 days late
2022
31-12
Financial
Liquidity quadruplescurrent ratio 3.77
Current ratio from 1.07 to 3.77; short-term debt falls from €110,156 to €48,982.
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €4,444 ▼94.6%
Net result drops to €4,444, the lowest in the series; recovery starts the following year.
24-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 55 days late
2020
31-12
Financial
Equity above €500,000Eq €523,968 ▲18.7%
3 profitable years in a row build equity to €523,968.
01-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 62 days late
2019
31-12
Financial
Highest result since 2018net €152,680 ▲75.4%
Net result €152,680, the highest in the series.
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
12-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Etterbeek · 1 establishment unit since 2007
Ground area
282 m²
Building footprint
181 m²
Volume, LiDAR
2,223 m³
Parcel 21362B0294/00W004, Brussels · tallest building 25.1 m, ±4 floors. Linked by address, not a title deed.
73
companies at this address
See who is registered here
1 establishment unit
SED MANAGEMENT
since 20072.160.046.181
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21362B0294/00W004 | Brussels | 282 m² | 1 · 180 m² | 25.1 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
4 holdingsOwners 0
The accounts to 31-12-2022 list no shareholders, and no other source names one.
Holdings 4
-
99%
-
99%
-
33%
-
33%
According to the 2022 annual accounts of S.E.D. MANAGEMENT and those of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,589. 32,712 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded21-02-2007
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0887644228
Registered
02-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.