SCHEPENS
ActiveSummary
SCHEPENS has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.76M and a net result of €-121k. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 42% of 267 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability65▲+30
Solvency69▼-1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity tight (current ratio 1.48 against 1.45 in 2024; short-term debt: 49.8% and cash: 3% of total assets), and 56.3% of the assets are financed with debt.
Credit check 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 20
Relative position
BE, all sectors
reference
Manufacture of chemicals and chemical products (NACE 20)
about 43% fewer 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
43.7%
Return on assets
-3%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-121k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 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
19 d late
2024
29 d late
2023
13 d early
2022
41 d early
2021
12 d early
2020
51 d early
2019
50 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-121k▲ 33.8%
2024 · €-183k
2018: €169khighest in 8 years
2019: €134k▼ -20.9% vs 2018
2020: €100k▼ -25.1% vs 2019
2021: €57k▼ -43.4% vs 2020
2022: €-152k▼ -368% vs 2021
2023: €1k▲ +101% vs 2022
2024: €-183k▼ -13011% vs 2023lowest in 8 years
2025: €-121k▲ +33.8% vs 2024
2018 → 2025
Working capital
€967k▲ 10.1%
2024 · €878k
2018: €1.33M
2019: €1.51M▲ +13.5% vs 2018
2020: €1.59M▲ +5.0% vs 2019highest in 8 years
2021: €1.50M▼ -5.5% vs 2020
2022: €1.20M▼ -20.2% vs 2021
2023: €1.36M▲ +13.8% vs 2022
2024: €878k▼ -35.5% vs 2023lowest in 8 years
2025: €967k▲ +10.1% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.21M-€2.06M▼ 6.9%€2.06M▲ 0.1%€1.88M▼ 8.9%€1.76M▼ 6.5%
2021: €2.21Mhighest in 5 years
2022: €2.06M▼ -6.9% vs 2021
2023: €2.06M▲ +0.1% vs 2022
2024: €1.88M▼ -8.9% vs 2023
2025: €1.76M▼ -6.5% vs 2024lowest in 5 years
Operating result€91k-€-139k€127k€-146k€-97k▲ 33.5%
2021: €91k
2022: €-139k▼ -252% vs 2021
2023: €127k▲ +192% vs 2022highest in 5 years
2024: €-146k▼ -214% vs 2023lowest in 5 years
2025: €-97k▲ +33.5% vs 2024
Net result€57k-€-152k€1k€-183k€-121k▲ 33.8%
2021: €57khighest in 5 years
2022: €-152k▼ -368% vs 2021
2023: €1k▲ +101% vs 2022
2024: €-183k▼ -13011% vs 2023lowest in 5 years
2025: €-121k▲ +33.8% vs 2024
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €97k in 2025 against €146k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.02M
Fixed assets
€1.05M ▼ 20.5%
Current assets
€2.97M ▲ 5.8%
Equity and liabilities €4.02M
Equity
€1.76M ▼ 6.5%
Debt
€2.26M ▲ 0.6%
Debt's share of the balance-sheet total rises from 54.5% to 56.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€190k▲
2024 · €93k
Cash flow
€165k▲
2024 · €55k
Current ratio
1.48▲
2024 · 1.45
Quick ratio
0.41▼
2024 · 0.58
Debt to equity
1.29▲
2024 · 1.20
ROE
-6.9%▲
2024 · -9.8%
ROA
-3.0%▲
2024 · -4.4%
Interest coverage
6.22▲
2024 · 2.58
Debt ≤ 1 year
€2.00M▲
2024 · €1.93M
Debt > 1 year
€262k▼
2024 · €322k
Income taxes
€697▼
2024 · €2k
Staff costs
€769k▲
2024 · €739k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 59 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.13M€4.02M▼
Fixed assets21/28€1.32M€1.05M▼
Intangible fixed assets21€340k€230k▼
Tangible fixed assets22/27€955k€808k▼
Land and buildings22€513k€484k▼
Plant, machinery and equipment23€171k€129k▼
Furniture and vehicles24€270k€194k▼
Financial fixed assets28€27k€14k▼
Current assets29/58€2.81M€2.97M▲
Stocks and contracts in progress3€1.69M€2.15M▲
Stocks30/36€1.69M€2.15M▲
Amounts receivable within one year40/41€1.08M€641k▼
Trade receivables40€958k€641k▼
Other amounts receivable41€123k€0▼
Cash at bank and in hand54/58€18k€119k▲
Deferred charges and accrued income490/1€17k€59k▲
Equity and liabilities
Total equity and liabilities10/49€4.13M€4.02M▼
Equity10/15€1.88M€1.76M▼
Contributions10/11€546k€546k=
Capital10€546k€546k=
Issued capital100€546k€546k=
Reserves13€99k€99k=
Non-distributable reserves130/1€55k€55k=
Legal reserve130€55k€55k=
Reserves not available under the articles1311€254€254=
Tax-exempt reserves132€22k€22k=
Distributable reserves133€23k€23k=
Profit (loss) carried forward14€1.23M€1.11M▼
Amounts payable17/49€2.25M€2.26M▲
Amounts payable after more than one year17€322k€262k▼
Financial debts170/4€322k€262k▼
Amounts payable within one year42/48€1.93M€2.00M▲
Current portion of amounts payable after more than one year42€59k€60k▲
Financial debts43€68k€0▼
Credit institutions430/8€68k€0▼
Trade debts44€365k€256k▼
Suppliers440/4€365k€256k▼
Taxes, remuneration and social security45€139k€187k▲
Taxes450/3€18k€41k▲
Remuneration and social security454/9€121k€146k▲
Other amounts payable47/48€1.30M€1.50M▲
Income statement
Code20242025
Non-recurring operating income76A€0€217▲
Remuneration, social security and pensions62€739k€769k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€239k€287k▲
Other operating charges640/8€43k€35k▼
Operating charges capitalised as restructuring costs649€-200k€0▲
Gross operating margin9900€675k€993k▲
Operating profit (loss)9901€-146k€-97k▲
Financial income75/76B€236€7k▲
Recurring financial income75€236€7k▲
Financial charges65/66B€36k€31k▼
Recurring financial charges65€36k€31k▼
Profit (loss) for the period before taxes9903€-182k€-121k▲
Income taxes67/77€2k€697▼
Profit (loss) for the period9904€-183k€-121k▲
Profit (loss) for the period to be appropriated9905€-183k€-121k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.23M€1.11M▼
Profit (loss) brought forward from the previous period14P€1.42M€1.23M▼
Social balance
Average headcount (FTE)90878.08.7▲
The notes to these accounts (25 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €50 | €3k | €0 | €217 | - |
| Remuneration, social security and pensions62 | €915k | €1.09M | €689k | €739k | €769k | ▲ 3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €140k | €240k | €234k | €239k | €287k | ▲ 20.2% |
| Other operating charges640/8 | €13k | €67k | €44k | €43k | €35k | ▼ 19.0% |
| Operating charges capitalised as restructuring costs649 | - | €-350k | €0 | €-200k | €0 | ▲ 100% |
| Non-recurring operating charges66A | - | €94 | €0 | - | - | - |
| Gross operating margin9900 | €1.16M | €906k | €1.09M | €675k | €993k | ▲ 47.1% |
| Operating profit (loss)9901 | €91k | €-139k | €127k | €-146k | €-97k | ▲ 33.5% |
| Financial income75/76B | €3k | €732 | €218 | €236 | €7k | ▲ 2,779% |
| Recurring financial income75 | €3k | €732 | €218 | €236 | €7k | ▲ 2,779% |
| Financial charges65/66B | €11k | €14k | €132k | €36k | €31k | ▼ 15.2% |
| Recurring financial charges65 | €11k | €14k | €132k | €36k | €31k | ▼ 15.2% |
| Profit (loss) for the period before taxes9903 | €83k | €-152k | €-4k | €-182k | €-121k | ▲ 33.5% |
| Income taxes67/77 | €27k | - | €-6k | €2k | €697 | ▼ 58.9% |
| Profit (loss) for the period9904 | €57k | €-152k | €1k | €-183k | €-121k | ▲ 33.8% |
| Profit (loss) for the period to be appropriated9905 | €57k | €-152k | €1k | €-183k | €-121k | ▲ 33.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.61M | €4.84M | €4.52M | €4.13M | €4.02M | ▼ 2.6% |
| Fixed assets21/28 | €1.08M | €1.30M | €1.08M | €1.32M | €1.05M | ▼ 20.5% |
| Intangible fixed assets21 | - | €280k | €210k | €340k | €230k | ▼ 32.4% |
| Tangible fixed assets22/27 | €1.07M | €1.01M | €844k | €955k | €808k | ▼ 15.4% |
| Land and buildings22 | €617k | €579k | €545k | €513k | €484k | ▼ 5.7% |
| Plant, machinery and equipment23 | €323k | €246k | €168k | €171k | €129k | ▼ 24.6% |
| Furniture and vehicles24 | €125k | €183k | €131k | €270k | €194k | ▼ 28.0% |
| Financial fixed assets28 | €14k | €14k | €27k | €27k | €14k | ▼ 49.0% |
| Current assets29/58 | €2.53M | €3.54M | €3.44M | €2.81M | €2.97M | ▲ 5.8% |
| Stocks and contracts in progress3 | €1.36M | €2.33M | €2.02M | €1.69M | €2.15M | ▲ 27.1% |
| Stocks30/36 | €1.36M | €2.33M | €2.02M | €1.69M | €2.15M | ▲ 27.1% |
| Amounts receivable within one year40/41 | €1.16M | €1.20M | €1.26M | €1.08M | €641k | ▼ 40.7% |
| Trade receivables40 | €1.07M | €1.11M | €1.26M | €958k | €641k | ▼ 33.1% |
| Other amounts receivable41 | €88k | €82k | €0 | €123k | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €13k | €11k | €145k | €18k | €119k | ▲ 550% |
| Deferred charges and accrued income490/1 | - | €839 | €18k | €17k | €59k | ▲ 255% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.61M | €4.84M | €4.52M | €4.13M | €4.02M | ▼ 2.6% |
| Equity10/15 | €2.21M | €2.06M | €2.06M | €1.88M | €1.76M | ▼ 6.5% |
| Contributions10/11 | €546k | €546k | €546k | €546k | €546k | = |
| Capital10 | €546k | €546k | €546k | €546k | €546k | = |
| Issued capital100 | €546k | €546k | €546k | €546k | €546k | = |
| Reserves13 | €99k | €99k | €99k | €99k | €99k | = |
| Non-distributable reserves130/1 | €55k | €55k | €55k | €55k | €55k | = |
| Legal reserve130 | €55k | €55k | €55k | €55k | €55k | = |
| Reserves not available under the articles1311 | €254 | €254 | €254 | €254 | €254 | = |
| Tax-exempt reserves132 | €22k | €22k | €22k | €22k | €22k | = |
| Distributable reserves133 | €23k | €23k | €23k | €23k | €23k | = |
| Profit (loss) carried forward14 | €1.57M | €1.41M | €1.42M | €1.23M | €1.11M | ▼ 9.8% |
| Amounts payable17/49 | €1.39M | €2.78M | €2.46M | €2.25M | €2.26M | ▲ 0.6% |
| Amounts payable after more than one year17 | €367k | €437k | €380k | €322k | €262k | ▼ 18.6% |
| Financial debts170/4 | €367k | €437k | €380k | €322k | €262k | ▼ 18.6% |
| Amounts payable within one year42/48 | €1.03M | €2.34M | €2.08M | €1.93M | €2.00M | ▲ 3.8% |
| Current portion of amounts payable after more than one year42 | €51k | €56k | €57k | €59k | €60k | ▲ 2.3% |
| Financial debts43 | €182k | €256k | €0 | €68k | €0 | ▼ 100% |
| Credit institutions430/8 | €182k | €256k | €0 | €68k | €0 | ▼ 100% |
| Trade debts44 | €323k | €450k | €404k | €365k | €256k | ▼ 29.8% |
| Suppliers440/4 | €323k | €450k | €404k | €365k | €256k | ▼ 29.8% |
| Taxes, remuneration and social security45 | €187k | €456k | €115k | €139k | €187k | ▲ 34.4% |
| Taxes450/3 | €35k | €127k | €33k | €18k | €41k | ▲ 123% |
| Remuneration and social security454/9 | €152k | €330k | €82k | €121k | €146k | ▲ 20.9% |
| Other amounts payable47/48 | €285k | €1.13M | €1.50M | €1.30M | €1.50M | ▲ 15.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €57k | €-152k | €1k | €-183k | €-121k | ▲ 33.8% |
| + Depreciation and write-downs630 | €140k | €240k | €234k | €239k | €287k | ▲ 20.2% |
| Operating cash flow (approximation) | €196k | €89k | €235k | €55k | €165k | ▲ 198% |
| Investment in fixed assets (approximation) | - | €-462k | €-13k | €-480k | €-16k | ▲ 96.6% |
| Change in cash | - | €-2k | €134k | €-127k | €101k | ▲ 179% |
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
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 19 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €-183k
Net result drops to €-183k, the lowest in the series; recovery starts the following year.
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
11-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €2MEq €2.06M ▲6.9%
2 profitable years in a row build equity to €2.06M.
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
15-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Lummen · 1 establishment unit since 1988
Ground area
7,284 m²
Building footprint
341 m²
Volume, LiDAR
2,488 m³
Parcel 71037A0334/00D000, Flanders · tallest building 8.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
NV SCHEPENS
since 19882.036.100.571
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71037A0334/00D000 | Flanders | 7,284 m² | 1 · 341 m² | 8.9 m · 3 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 to 2025 · 3 entries · 2,471 EUR awarded · 1,823 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,376 EUR | 1,376 EUR |
| 2024 | 1 | 951 EUR | 303 EUR |
| 2023 | 1 | 144 EUR | 144 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 230 companies in sector 20590 we hold annual accounts for 169. 104 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded07-03-1988
Fiscal year end31-12
Activities, NACEBEL 2025
20590Manufacture of chemicals and chemical products
Scores and ratios are computed by Checked and are not a credit decision.