S.E.S. - VAN ACKER
ActiveSummary
S.E.S. - VAN ACKER has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €244,736 and a net result of €66,107. Equity is growing by ~21.8% per year across the filed fiscal years. Its solvency ranks better than 33% of 28184 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▲+2
Solvency56▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity tight (current ratio 1.22 against 1.33 in 2024; short-term debt: 32.6% and cash: 22% of total assets), and 68.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
31.3%
Return on assets
8.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-08-2026, 6 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
6 d late
2024
20 d late
2023
12 d early
2022
61 d early
2021
34 d early
2020
4 d early
2019
35 d early
← 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 17 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2025, micro schema
Equity
€244,736▲ 4.3%
2024 · €234,578
Total assets
€782,886▲ 5.5%
2024 · €741,739
Net result
€66,107▲ 42.4%
2024 · €46,433
Working capital
€56,075▼ 6.0%
2024 · €59,681
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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€32,331▼ 36.3%€71,796▲ 122%€57,318▼ 20.2%€79,342▲ 38.4%€105,268▲ 32.7%
Net result€11,892within the sector's middle half▼ 59.8%€50,165above the sector's middle half▲ 322%€33,529above the sector's middle half▼ 33.2%€46,433above the sector's middle half▲ 38.5%€66,107above the sector's middle half▲ 42.4%
Equity€109,251within the sector's middle half▲ 10.4%€157,816above the sector's middle half▲ 44.5%€189,745above the sector's middle half▲ 20.2%€234,578above the sector's middle half▲ 23.6%€244,736above the sector's middle half▲ 4.3%
Total assets€700,622above the sector's middle half▼ 7.3%€698,361above the sector's middle half▼ 0.3%€738,951above the sector's middle half▲ 5.8%€741,739above the sector's middle half▲ 0.4%€782,886above the sector's middle half▲ 5.5%
Debt€591,371▼ 10.0%€540,544▼ 8.6%€549,206▲ 1.6%€507,161▼ 7.7%€538,150▲ 6.1%
Working capital-€50,755▲ 8.5%-€27,839▲ 45.1%€41,073€59,681▲ 45.3%€56,075▼ 6.0%
Solvency15.6%below the sector's middle half▲ 2.5pp22.6%within the sector's middle half▲ 7.0pp25.7%within the sector's middle half▲ 3.1pp31.6%within the sector's middle half▲ 5.9pp31.3%within the sector's middle half▼ 0.4pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 33% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €782,886
Fixed assets
€471,851 ▼ 5.5%
Current assets
€311,035 ▲ 28.4%
Equity and liabilities €782,886
Equity
€244,736 ▲ 4.3%
Debt
€538,150 ▲ 6.1%
Debt's share of the balance-sheet total rises from 68.4% to 68.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€130,969▲
2024 · €108,844
Cash flow
€91,808▲
2024 · €75,935
Current ratio
1.22▼
2024 · 1.33
Quick ratio
1.00▼
2024 · 1.14
Debt to equity
2.20▲
2024 · 2.16
ROE
27.0%▲
2024 · 19.8%
ROA
8.4%▲
2024 · 6.3%
Interest coverage
8.18▲
2024 · 6.89
Debt ≤ 1 year
€254,960▲
2024 · €182,647
Debt > 1 year
€276,022▼
2024 · €319,376
Income taxes
€25,231▲
2024 · €18,291
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 20,082 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | €856 | €419 | €555 | €5,140 | ▲ 826% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29,937 | €30,554 | €29,991 | €29,502 | €25,701 | ▼ 12.9% |
| Other operating charges640/8 | €5,003 | €5,297 | €6,004 | €5,427 | €5,597 | ▲ 3.1% |
| Gross operating margin9900 | €67,271 | €107,647 | €93,313 | €114,271 | €136,565 | ▲ 19.5% |
| Operating profit (loss)9901 | €32,331 | €71,796 | €57,318 | €79,342 | €105,268 | ▲ 32.7% |
| Financial income75/76B | €5,996 | €6,071 | €1,787 | €1,185 | €2,091 | ▲ 76.4% |
| Recurring financial income75 | €5,996 | €6,071 | €1,787 | €1,185 | €2,091 | ▲ 76.4% |
| Financial charges65/66B | €21,231 | €8,371 | €12,450 | €15,804 | €16,020 | ▲ 1.4% |
| Recurring financial charges65 | €21,231 | €8,371 | €12,450 | €15,804 | €16,020 | ▲ 1.4% |
| Profit (loss) for the period before taxes9903 | €17,097 | €69,496 | €46,654 | €64,724 | €91,339 | ▲ 41.1% |
| Income taxes67/77 | €5,205 | €19,331 | €13,126 | €18,291 | €25,231 | ▲ 37.9% |
| Profit (loss) for the period9904 | €11,892 | €50,165 | €33,529 | €46,433 | €66,107 | ▲ 42.4% |
| Profit (loss) for the period to be appropriated9905 | €11,892 | €50,165 | €33,529 | €46,433 | €66,107 | ▲ 42.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €700,622 | €698,361 | €738,951 | €741,739 | €782,886 | ▲ 5.5% |
| Fixed assets21/28 | €574,378 | €543,824 | €513,833 | €499,411 | €471,851 | ▼ 5.5% |
| Tangible fixed assets22/27 | €574,378 | €543,824 | €513,833 | €499,411 | €471,851 | ▼ 5.5% |
| Land and buildings22 | €545,092 | €523,448 | €501,805 | €489,389 | €466,798 | ▼ 4.6% |
| Plant, machinery and equipment23 | €13,265 | €9,428 | €5,704 | €8,163 | €5,053 | ▼ 38.1% |
| Furniture and vehicles24 | €16,020 | €10,947 | €6,324 | €1,860 | €0 | ▼ 100% |
| Current assets29/58 | €126,244 | €154,537 | €225,119 | €242,328 | €311,035 | ▲ 28.4% |
| Stocks and contracts in progress3 | €60,408 | €59,193 | €59,018 | €34,768 | €55,980 | ▲ 61.0% |
| Stocks30/36 | €60,408 | €59,193 | €59,018 | €34,768 | €55,980 | ▲ 61.0% |
| Amounts receivable within one year40/41 | €21,196 | €28,604 | €28,233 | €24,311 | €33,655 | ▲ 38.4% |
| Trade receivables40 | €557 | €10,634 | €12,038 | €9,472 | €12,056 | ▲ 27.3% |
| Other amounts receivable41 | €20,639 | €17,971 | €16,195 | €14,839 | €21,599 | ▲ 45.6% |
| Current investments50/53 | - | - | - | €29,150 | €48,991 | ▲ 68.1% |
| Cash at bank and in hand54/58 | €39,350 | €63,214 | €134,622 | €152,692 | €172,058 | ▲ 12.7% |
| Deferred charges and accrued income490/1 | €5,290 | €3,526 | €3,246 | €1,408 | €350 | ▼ 75.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €700,622 | €698,361 | €738,951 | €741,739 | €782,886 | ▲ 5.5% |
| Equity10/15 | €109,251 | €157,816 | €189,745 | €234,578 | €244,736 | ▲ 4.3% |
| Contributions10/11 | €12,395 | €12,395 | €12,395 | €12,395 | €12,395 | = |
| Reserves13 | €96,668 | €145,168 | €177,068 | €222,168 | €232,318 | ▲ 4.6% |
| Non-distributable reserves130/1 | €3,718 | €0 | - | - | - | - |
| Reserves not available under the articles1311 | €3,718 | €0 | - | - | - | - |
| Distributable reserves133 | €92,950 | €145,168 | €177,068 | €222,168 | €232,318 | ▲ 4.6% |
| Profit (loss) carried forward14 | €188 | €253 | €282 | €15 | €22 | ▲ 47.9% |
| Amounts payable17/49 | €591,371 | €540,544 | €549,206 | €507,161 | €538,150 | ▲ 6.1% |
| Amounts payable after more than one year17 | €401,001 | €358,168 | €362,730 | €319,376 | €276,022 | ▼ 13.6% |
| Financial debts170/4 | €401,001 | €358,168 | €362,730 | €319,376 | €276,022 | ▼ 13.6% |
| Amounts payable within one year42/48 | €177,000 | €182,377 | €184,045 | €182,647 | €254,960 | ▲ 39.6% |
| Current portion of amounts payable after more than one year42 | €45,036 | €42,833 | €43,354 | €43,354 | €43,354 | = |
| Trade debts44 | €30,296 | €23,550 | €41,801 | €36,290 | €44,147 | ▲ 21.7% |
| Suppliers440/4 | €30,296 | €23,550 | €41,801 | €36,290 | €44,147 | ▲ 21.7% |
| Taxes, remuneration and social security45 | €11,240 | €19,558 | €17,646 | €20,287 | €28,449 | ▲ 40.2% |
| Taxes450/3 | €6,007 | €15,036 | €13,124 | €11,243 | €19,404 | ▲ 72.6% |
| Remuneration and social security454/9 | €5,234 | €4,522 | €4,522 | €9,044 | €9,044 | = |
| Other amounts payable47/48 | €90,428 | €96,435 | €81,244 | €82,716 | €139,011 | ▲ 68.1% |
| Accrued charges and deferred income492/3 | €13,370 | €0 | €2,431 | €5,138 | €7,168 | ▲ 39.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,892 | €50,165 | €33,529 | €46,433 | €66,107 | ▲ 42.4% |
| + Depreciation and write-downs630 | €29,937 | €30,554 | €29,991 | €29,502 | €25,701 | ▼ 12.9% |
| Operating cash flow (approximation) | €41,829 | €80,719 | €63,520 | €75,935 | €91,808 | ▲ 20.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€15,081 | €1,860 | ▲ 112% |
| Change in cash | - | €23,864 | €71,408 | €18,070 | €19,367 | ▲ 7.2% |
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
06-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 6 days late
2025
31-12
Financial
Highest result since 2018net €66,107 ▲42.4%
Operating result €105,268, net result €66,107, both a record.
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
31-12
Financial
Equity above €200,000Eq €234,578 ▲23.6%
6 profitable years in a row build equity to €234,578.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €150,000Eq €157,816 ▲44.5%
4 profitable years in a row build equity to €157,816.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100,000Eq €109,251 ▲10.4%
3 profitable years in a row build equity to €109,251.
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €18,745
Net result €18,745 after one loss-making year.
Show earlier events
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2016
28-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
2015
25-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated 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, Zedelgem · 1 establishment unit since 1998
Ground area
2,594 m²
Building footprint
291 m²
Volume, LiDAR
1,478 m³
Parcel 31017B0024/00S002, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
S.E.S. VAN ACKER
since 19982.089.691.586
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31017B0024/00S002 | Flanders | 2,594 m² | 1 · 291 m² | 7.8 m · 2 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 557 EUR awarded · 557 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 557 EUR | 557 EUR |
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,329. 7,942 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
Founded20-08-1998
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0464014247
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.