S.E.Q.C.
ActiveS.E.Q.C. has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €197k and a net result of €65k. Equity is growing by ~23.3% per year across the filed fiscal years. Its solvency ranks better than 59% of 14056 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▲+22
Solvency66▲+12
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 4.59 against 4.55 in 2024; short-term debt: 6.9% and cash: 27% of total assets), but 58.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
41.2%
Return on assets
13.6%
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 · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
28 d late
2023
29 d late
2022
31 d late
2021
92 d late
2020
90 d late
2019
119 d late
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€197k▲ 33.9%
2024 · €147k
2018: €8k
2019: €14k
2020: €48k
2021: €99k
2022: €133k
2023: €144k
2024: €147k
2018 → 2025
Total assets
€479k▼ 5.1%
2024 · €505k
2018: €118k
2019: €108k
2020: €136k
2021: €170k
2022: €193k
2023: €196k
2024: €505k
2018 → 2025
Net result
€65k▲ 174%
2024 · €24k
2018: €58k
2019: €48k
2020: €79k
2021: €99k
2022: €81k
2023: €53k
2024: €24k
2018 → 2025
Working capital
€119k▼ 5.0%
2024 · €125k
2018: €-32k
2019: €-10k
2020: €14k
2021: €64k
2022: €93k
2023: €113k
2024: €125k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€99k-€133k▲ 33.7%€144k▲ 8.2%€147k▲ 2.6%€197k▲ 33.9%
Operating result€100k-€94k▼ 5.7%€64k▼ 31.7%€38k▼ 41.1%€79k▲ 108%
Net result€99k-€81k▼ 18.0%€53k▼ 35.1%€24k▼ 55.1%€65k▲ 174%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 108% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €479k
Fixed assets
€327k▼ 5.1%
Current assets
€152k▼ 5.3%
Equity and liabilities €479k
Equity
€197k▲ 33.9%
Debt
€282k▼ 21.2%
The debt ratio falls from 70.8% to 58.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€107k▲
2024 · €50k
Cash flow
€93k▲
2024 · €36k
Solvency
41.2%▲
2024 · 29.2%
Current ratio
4.59▲
2024 · 4.55
Quick ratio
4.59▲
2024 · 4.55
Debt / equity
1.43▼
2024 · 2.43
ROE
32.9%▲
2024 · 16.1%
ROA
13.6%▲
2024 · 4.7%
Debt
€282k▼
2024 · €358k
Debt ≤ 1 year
€33k▼
2024 · €35k
Debt > 1 year
€249k▼
2024 · €320k
Income taxes
€14k▼
2024 · €14k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€505k€479k▼
Fixed assets21/28€344k€327k▼
Tangible fixed assets22/27€344k€327k▼
Land and buildings22€5k€5k=
Plant, machinery and equipment23€4k€6k▲
Furniture and vehicles24-€5k
Leasing and similar rights25€336k€310k▼
Current assets29/58€161k€152k▼
Amounts receivable within one year40/41€22k€23k▲
Trade receivables40€22k€23k▲
Cash at bank and in hand54/58€138k€129k▼
Deferred charges and accrued income490/1€1k-
Equity and liabilities
Total equity and liabilities10/49€505k€479k▼
Equity10/15€147k€197k▲
Contributions10/11€13k€13k=
Reserves13€138k€188k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€136k€186k▲
Profit (loss) carried forward14€-3k€-3k=
Amounts payable17/49€358k€282k▼
Amounts payable after more than one year17€320k€249k▼
Financial debts170/4€320k€249k▼
Amounts payable within one year42/48€35k€33k▼
Trade debts44€4k€13k▲
Suppliers440/4€4k€13k▲
Taxes, remuneration and social security45€11k€5k▼
Taxes450/3€11k€5k▼
Other amounts payable47/48€21k€15k▼
Accrued charges and deferred income492/3€2k-
Income statement
Code20242025
Non-recurring operating income76A€3k€3k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€28k▲
Gross operating margin9900€50k€107k▲
Operating profit (loss)9901€38k€79k▲
Financial income75/76B€3-
Recurring financial income75€3-
Profit (loss) for the period before taxes9903€38k€79k▲
Income taxes67/77€14k€14k▼
Profit (loss) for the period9904€24k€65k▲
Profit (loss) for the period to be appropriated9905€24k€65k▲
Appropriation of the result
Profit (loss) to be appropriated9906€20k€62k▲
Profit (loss) brought forward from the previous period14P€-3k€-3k=
Transfer to equity691/2€4k€50k▲
To other reserves6921€4k€50k▲
Profit to be distributed694/7€20k€15k▼
Directors or managers695€20k€15k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Equity above €150kEq €197k ▲33.9%
8 profitable years in a row build equity to €197k.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet €24k ▼55.1%
Net result drops to €24k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Equity above €100kEq €133k ▲33.7%
5 profitable years in a row build equity to €133k.
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 92 days late
2021
31-12
Financial
Highest result since 2018net €99k ▲26.2%
Operating result €100k, net result €99k, both a record.
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 119 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Sint-Niklaas · 1 establishment unit since 2011
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Bellestraat 279100 Sint-NiklaasGround area
2,225 m²
Building footprint
120 m²
Volume, LiDAR
678 m³
Parcel 46446B0961/00E000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Bellestraat 27, 9100 Sint-Niklaas
since 20112.196.348.927
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46446B0961/00E000 | Flanders | 2,225 m² | 1 · 120 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 366 EUR awarded · 366 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 247 EUR | 366 EUR |
| 2024 | 1 | 119 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
FUGAVE
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KARIN
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KORTENBERG DEV.
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C&C PROJECTS
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Of 9,695 companies in sector 68121 we hold annual accounts for 7,383. 5,334 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-01-2011
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.