S.E.S
ActiveS.E.S has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €800k and a net result of €520k. Equity is growing by ~25.3% per year across the filed fiscal years. Its solvency ranks better than 65% of 321 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
80
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+25
Solvency79▲+12
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 1.78 against 0.76 in 2023; short-term debt: 38.2% and cash: 2.8% of total assets), and 46.1% 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+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 90
Relative position
BE, all sectors
reference
Sector 90
lower
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
53.9%
Return on assets
35%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-07-2025, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
9 d early
2023
65 d early
2022
75 d early
2021
81 d early
2020
37 d early
2019
65 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€520k▲ 909%
2023 · €52k
2018: €16k
2019: €50k
2020: €-99k
2021: €105k
2022: €127k
2023: €52k
2018 → 2024
Working capital
€442k
2023 · €-98k
2018: €13k
2019: €-38k
2020: €-73k
2021: €-9k
2022: €-18k
2023: €-98k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€157k-€262k▲ 66.9%€389k▲ 48.5%€441k▲ 13.2%€800k▲ 81.7%
Operating result€-92k-€118k€161k▲ 36.6%€73k▼ 54.5%€85k▲ 15.3%
Net result€-99k-€105k€127k▲ 21.0%€52k▼ 59.5%€520k▲ 909%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 15% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.49M
Fixed assets
€476k▼ 36.5%
Current assets
€1.01M▲ 229%
Equity and liabilities €1.49M
Equity
€800k▲ 81.7%
Debt
€685k▲ 11.5%
The debt ratio falls from 58.2% to 46.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€227k▲
2023 · €188k
Cash flow
€662k▲
2023 · €166k
Solvency
53.9%▲
2023 · 41.8%
Current ratio
1.78▲
2023 · 0.76
Quick ratio
1.78▲
2023 · 0.76
Debt / equity
0.86▼
2023 · 1.39
ROE
64.9%▲
2023 · 11.7%
ROA
35.0%▲
2023 · 4.9%
Interest coverage
19.89▲
2023 · 18.60
Debt
€685k▲
2023 · €615k
Debt ≤ 1 year
€568k▲
2023 · €404k
Debt > 1 year
€117k▼
2023 · €201k
Income taxes
€183k▲
2023 · €12k
Staff costs
€224k▲
2023 · €218k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.06M€1.49M▲
Fixed assets21/28€749k€476k▼
Intangible fixed assets21€4k€2k▼
Tangible fixed assets22/27€745k€473k▼
Land and buildings22€342k€62k▼
Plant, machinery and equipment23€388k€401k▲
Furniture and vehicles24€15k€10k▼
Current assets29/58€307k€1.01M▲
Stocks and contracts in progress3€1k€2k▲
Stocks30/36€1k€2k▲
Amounts receivable within one year40/41€251k€259k▲
Trade receivables40€243k€246k▲
Other amounts receivable41€7k€14k▲
Current investments50/53-€700k
Cash at bank and in hand54/58€51k€41k▼
Deferred charges and accrued income490/1€3k€8k▲
Equity and liabilities
Total equity and liabilities10/49€1.06M€1.49M▲
Equity10/15€441k€800k▲
Contributions10/11€20k€20k=
Reserves13€2k€339k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132-€337k
Profit (loss) carried forward14€419k€442k▲
Amounts payable17/49€615k€685k▲
Amounts payable after more than one year17€201k€117k▼
Financial debts170/4€176k€92k▼
Other amounts payable178/9€25k€25k=
Amounts payable within one year42/48€404k€568k▲
Current portion of amounts payable after more than one year42€132k€73k▼
Trade debts44€243k€165k▼
Suppliers440/4€243k€165k▼
Taxes, remuneration and social security45€27k€88k▲
Taxes450/3€8k€63k▲
Remuneration and social security454/9€19k€25k▲
Other amounts payable47/48€3k€243k▲
Accrued charges and deferred income492/3€10k-
Income statement
Code20232024
Remuneration, social security and pensions62€218k€224k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€115k€143k▲
Other operating charges640/8€10k€12k▲
Gross operating margin9900€416k€464k▲
Operating profit (loss)9901€73k€85k▲
Financial income75/76B€181€630k▲
Recurring financial income75€181€513▲
Non-recurring financial income76B-€629k
Financial charges65/66B€10k€11k▲
Recurring financial charges65€10k€11k▲
Profit (loss) for the period before taxes9903€64k€703k▲
Income taxes67/77€12k€183k▲
Profit (loss) for the period9904€52k€520k▲
Transfer to tax-exempt reserves689-€337k
Profit (loss) for the period to be appropriated9905€52k€183k▲
Appropriation of the result
Profit (loss) to be appropriated9906€419k€602k▲
Profit (loss) brought forward from the previous period14P€367k€419k▲
Profit to be distributed694/7-€160k
Return on contributions (dividend)694-€120k
Directors or managers695-€40k
Social balance
Average headcount (FTE)90874.04.0=
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €520k ▲909%
Net result €520k, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 1.78
Current ratio from 0.76 to 1.78.
31-12
Financial
Equity above €500kEq €800k ▲81.7%
4 profitable years in a row build equity to €800k.
27-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
17-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
11-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €105k
Net result €105k after one loss-making year.
31-12
Financial
Equity above €200kEq €262k ▲66.9%
Equity rises from €157k to €262k.
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €-99k ▼300%
Net result drops to €-99k, the lowest in the series; recovery starts the following year.
27-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
26-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
25-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
09-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
11-05
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
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, Braine-l'Alleud · 1 establishment unit since 2001
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.
Avenue de l'Artisanat 8A1420 Braine-l'AlleudGround area
2,973 m²
Building footprint
1,388 m²
Volume, LiDAR
7,300 m³
2 parcels, Wallonia · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Avenue de l'Artisanat 8 A, 1420 Braine-l'Alleud
since 20012.054.666.173
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25014N1186/00A000 | Wallonia | 1,507 m² | 1 · 725 m² | 8.6 m · 2 fl. |
| 25014N1186/00C000 | Wallonia | 1,466 m² | 1 · 663 m² | 6.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,276 companies in sector 90202 we hold annual accounts for 413. 208 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-09-1991
Fiscal year end31-12
Abbreviation FR
S.E.S.
Activities, NACEBEL
71121Engineering and related technical consultancy, excluding land surveyors
74203
90202Performing arts by artistic ensembles
92312
90393Specialised image, lighting and sound technical services
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.