Checked.be
Active
BE 0846.690.036Private limited company
SE GROUP
Avenue Molière 4/6 ·1300 Wavre, Belgium· 14 yrs active
Sector: Education
(85532)
Conclusion
SE GROUP has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1k and a net result of €13k. Equity is growing by ~22% per year across the filed fiscal years. Its solvency ranks better than 19% of 2541 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €1k |
| Net result | €13k |
| Better than sector | 19% |
| Active | 14 yrs |
Financial profile
67
/ 100
Strong profile, led by profitability.
All 5 axes are computed from data Checked has read.
Health
51
Profitability
100
Solvency
1
Growth
85
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2012, 14 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
51
/ 100
Fair
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
No credit
negative equity or figures too weak
Score history
5
2021
28
2022
24
2023
51
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.34 (< 1.0)
-10
Quick ratio
Quick ratio 0.34 (< 0.6)
-5
Leverage
Debt/equity 55.12 (> 3.0)
-10
Profitability
ROE 988% (≥ 10%)
+10
Interest coverage
Interest coverage 9.6× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 26-09-2025 with the NBB · fiscal year 2024 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~22%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 85, Education · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 1.8% | 45.8% | |
| Net result | €13k | €7k | |
| Equity | €1k | €34k | |
| Gross operating margin | €36k | €26k | |
| Total assets | €75k | €95k |
€65k
+60.7%
21-24
€34k
+198.0%
21-24
€13k
+1268.4%
21-24
€22k
+187.1%
21-24
€75k
+19.8%
21-24
€1k
-
21-24
€-39k
+12.3%
21-24
€9k
+4542.9%
21-24
€74k
-1.1%
21-24
€59k
+22.4%
21-24
€15k
-43.3%
21-24
0.34
+342.1%
21-24
0.34
+342.1%
21-24
1.8%
-
21-24
55.12
-
21-24
988.3%
-
21-24
17.6%
+1042.6%
21-24
1.5%
-
21-24
17.6%
+54.0%
21-24
9.61
+217.7%
21-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | €65k | €41k | €2k |
| EBITDA | €34k | €11k | €5k | €-1k |
| Net profit | €13k | €968 | €-2k | €-1k |
| Cash flow | €22k | €8k | €2k | €-1k |
| Staff costs | - | - | - | - |
| Income taxes | €9k | €195 | €141 | - |
| Dividends | - | - | - | - |
| Total assets | €75k | €63k | €62k | €10k |
| Equity | €1k | €-12k | €-13k | €-11k |
| Debt | €74k | €75k | €75k | €21k |
| of which ≤ 1y | €59k | €48k | €38k | €14k |
| of which > 1y | €15k | €27k | €37k | €7k |
| Working capital | €-39k | €-44k | €-32k | €-4k |
| Employees (FTE) | - | - | - | - |
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 0.34 | 0.08 | 0.17 | 0.69 |
| Quick ratio | 0.34 | 0.08 | 0.17 | 0.69 |
| Working capital ratio | -51.7% | -70.5% | -50.7% | -42.3% |
| Solvency | 1.8% | -19.0% | -20.7% | -101.5% |
| Debt / equity | 55.12 | -6.27 | -5.84 | -1.99 |
| Long-term debt ratio | 11.33 | -2.25 | -2.88 | -0.64 |
| Interest coverage | 9.61 | 3.02 | 1.64 | -8.48 |
| Gross margin | - | 13.1% | 16.0% | -17.0% |
| Net margin | - | 1.5% | -5.6% | -54.8% |
| ROA | 17.6% | 1.5% | -3.6% | -12.8% |
| ROE | 988.3% | -8.1% | 17.5% | 12.6% |
| EBITDA margin | - | 17.6% | 11.4% | -44.2% |
| Days sales outstanding | - | 11d | 14d | 58d |
| Days payable outstanding | - | 90d | 52d | 363d |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (27 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €75k | €63k | €62k | €10k |
| Fixed assets | 21/28 | €55k | €59k | €55k | €597 |
| Formation expenses | 20 | €51 | €233 | €415 | - |
| Intangible fixed assets | 21 | - | - | - | €597 |
| Tangible fixed assets | 22/27 | €51k | €55k | €51k | - |
| Financial fixed assets | 28 | €5k | €4k | €4k | - |
| Current assets | 29/58 | €20k | €4k | €6k | €10k |
| Amounts receivable within one year | 40/41 | €684 | €3k | €2k | €472 |
| Cash & bank | 54/58 | €19k | €439 | €5k | €9k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €75k | €63k | €62k | €10k |
| Equity | 10/15 | €1k | €-12k | €-13k | €-11k |
| Contributions / capital | 10/11 | €12k | €12k | €12k | €12k |
| Reserves | 13 | €13k | - | - | - |
| Accumulated profits (losses) | 14 | €-24k | €-24k | €-25k | €-23k |
| Amounts payable | 17/49 | €74k | €75k | €75k | €21k |
| Amounts payable after one year | 17 | €15k | €27k | €37k | €7k |
| Amounts payable within one year | 42/48 | €59k | €48k | €38k | €14k |
| Trade debts payable within one year | 44 | €10k | €14k | €5k | €3k |
| Income statement | |||||
| Turnover | 70 | - | €65k | €41k | €2k |
| Gross operating margin | 9900 | €36k | €13k | €6k | €-416 |
| Operating result | 9901 | €26k | €5k | €713 | €-1k |
| Financial income | 75 | €5 | €31 | €0 | - |
| Financial charges | 65 | €4k | €4k | €3k | €128 |
| Result before taxes | 9903 | €22k | €1k | €-2k | €-1k |
| Income taxes | 67/77 | €9k | €195 | €141 | - |
| Net result for the period | 9904 | €13k | €968 | €-2k | €-1k |
| Result to be appropriated | 9905 | €13k | €968 | €-2k | €-1k |
Legal Structure
| NACE primary | Education(85532) |
| Legal form | Private limited company(610) |
| Incorporation | 19-06-2012 |
| Status | Active |
| Postal code | 1300 |
Establishment units
SE GROUP
since 20122.210.632.176
Real-estate footprint
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25772H0091/00K000 | Wallonia | 2,412 m² | 1 · 841 m² | 16.0 m · 4 fl. |
| 23088A0138/02C003 | Flanders | 220 m² | 1 · 85 m² | 11.9 m · 3 fl. |
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.
Updates
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
2024
31-12
Financial
Highest result since 2021net €13k ▲1268%
Operating result €26k, net result €13k, both a record.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-12
Financial
Back to profitnet €968
Net result €968 after 2 loss-making years.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Weakest financial yearnet €-2k
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
10-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 71 days late
2021
01-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 28 days late
2020
15-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
15-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
30-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2015
27-12
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.
Belgian State Gazette reading coverage
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.
Credit advice
Company registry (CBE)
Activities
Education85532Manufacture of other transport equipment30120Other non-specialised retail sale47120Retail trade47910Computer programming, consultancy and related activities62010IT consultancy62020Computer programming, consultancy and related activities62030Other information technology and computer services62900Computer programming62100Computer consultancy and computer facilities management62200Computing infrastructure, data processing, hosting and related activities63100Computing infrastructure, data processing, hosting and other information service activities63110Risk and damage evaluation66210
Names & trade names
| Legal nameFR | SE GROUP |
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