Sea'ndicus
ActiveSea'ndicus has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €53k and a net result of €14k. Equity is growing by ~34.7% per year across the filed fiscal years. Its solvency ranks better than 33% of 14056 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability67▼-2
Solvency36▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity short (current ratio 0.1 against 0.22 in 2024; short-term debt: 34.7% and cash: 0% of total assets), and 89.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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
10.6%
Return on assets
2.8%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-05-2026, 81 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
81 d early
2024
34 d early
2023
28 d late
2022
46 d early
2021
26 d late
2020
87 d early
2019
90 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€53k▲ 36.1%
2024 · €39k
2018: €6k
2019: €7k
2020: €33k
2021: €17k
2022: €37k
2023: €32k
2024: €39k
2018 → 2025
Total assets
€494k▼ 12.5%
2024 · €565k
2018: €104k
2019: €101k
2020: €95k
2021: €511k
2022: €504k
2023: €667k
2024: €565k
2018 → 2025
Net result
€14k▲ 107%
2024 · €7k
2018: €45
2019: €78
2020: €26k
2021: €-16k
2022: €20k
2023: €-5k
2024: €7k
2018 → 2025
Working capital
€-154k▲ 12.3%
2024 · €-175k
2018: €-86k
2019: €-76k
2020: €-46k
2021: €-129k
2022: €-106k
2023: €-176k
2024: €-175k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€17k-€37k▲ 112%€32k▼ 13.9%€39k▲ 21.1%€53k▲ 36.1%
Operating result€-13k-€27k€9k▼ 68.6%€25k▲ 197%€39k▲ 52.7%
Net result€-16k-€20k€-5k€7k€14k▲ 107%
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 53% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €494k
Fixed assets
€476k▼ 7.4%
Current assets
€18k▼ 64.7%
Equity and liabilities €494k
Equity
€53k▲ 36.1%
Debt
€442k▼ 16.1%
The debt ratio falls from 93.2% to 89.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€85k▲
2024 · €72k
Cash flow
€60k▲
2024 · €54k
Solvency
10.6%▲
2024 · 6.8%
Current ratio
0.10▼
2024 · 0.22
Quick ratio
0.10▼
2024 · 0.22
Debt / equity
8.41▼
2024 · 13.65
ROE
26.5%▲
2024 · 17.4%
ROA
2.8%▲
2024 · 1.2%
Interest coverage
5.40▼
2024 · 5.88
Debt
€442k▼
2024 · €527k
Debt ≤ 1 year
€172k▼
2024 · €226k
Debt > 1 year
€270k▼
2024 · €301k
Income taxes
€9k▲
2024 · €6k
Staff costs
€374k▲
2024 · €301k
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€565k€494k▼
Fixed assets21/28€514k€476k▼
Intangible fixed assets21€124k€105k▼
Tangible fixed assets22/27€390k€372k▼
Land and buildings22€383k€366k▼
Furniture and vehicles24€7k€6k▼
Current assets29/58€51k€18k▼
Amounts receivable within one year40/41€27k€18k▼
Trade receivables40€17k€13k▼
Other amounts receivable41€11k€4k▼
Cash at bank and in hand54/58€17k€25▼
Deferred charges and accrued income490/1€7k€280▼
Equity and liabilities
Total equity and liabilities10/49€565k€494k▼
Equity10/15€39k€53k▲
Contributions10/11€6k€6k=
Reserves13€32k€46k▲
Distributable reserves133€32k€46k▲
Amounts payable17/49€527k€442k▼
Amounts payable after more than one year17€301k€270k▼
Financial debts170/4€301k€270k▼
Amounts payable within one year42/48€226k€172k▼
Current portion of amounts payable after more than one year42€55k€30k▼
Financial debts43-€35k
Credit institutions430/8-€35k
Trade debts44€35k€28k▼
Suppliers440/4€35k€28k▼
Advances received on contracts in progress46€29k€16k▼
Taxes, remuneration and social security45€53k€55k▲
Taxes450/3€1k€618▼
Remuneration and social security454/9€52k€54k▲
Other amounts payable47/48€54k€8k▼
Income statement
Code20242025
Remuneration, social security and pensions62€301k€374k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47k€46k▼
Other operating charges640/8€6k€19k▲
Non-recurring operating charges66A€2k€0▼
Gross operating margin9900€381k€478k▲
Operating profit (loss)9901€25k€39k▲
Financial income75/76B€123€174▲
Recurring financial income75€123€24▼
Non-recurring financial income76B-€150
Financial charges65/66B€12k€16k▲
Recurring financial charges65€12k€16k▲
Profit (loss) for the period before taxes9903€13k€23k▲
Income taxes67/77€6k€9k▲
Profit (loss) for the period9904€7k€14k▲
Profit (loss) for the period to be appropriated9905€7k€14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€7k€14k▲
Transfer from equity791/2€0-
Transfer to equity691/2€7k€14k▲
To other reserves6921€7k€14k▲
The notes to these accounts (13 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
01-09
State Gazette act
Registered office · Resignations & appointmentsGeneral meeting · Director resignation · Director discharge11 facts ▸
State Gazette act
Registered office · Resignations & appointments
General meeting · Director resignation · Director discharge11 facts ▸
- General meeting, 2026-05-21
- Director resignation, Mieke Vandorpe (bestuurder)
- Director discharge, Mieke Vandorpe
- Director appointment, Parte Expert BV (bestuurder)
- Permanent representative, Olivier De Schrijver
- Director appointment, Degroep bv (bestuurder)
- Permanent representative, Bram Coussement
- Director appointment, Camel Q bv (bestuurder)
- Permanent representative, Nathasja Van Bael
- Registered-office move, Jan Van Gentstraat 7/301, 2000 Antwerpen
- Auditor appointment, BDO Bedrijfsrevisoren - BDO Reviseurs d'entreprises (commissaris)
11-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €20k
Net result €20k after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-12
Financial
Weakest financial yearnet €-16k ▼159%
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
05-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €26k ▲33881%
Net result €26k, the highest in the series.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
under verification, no change since 2026
This board is reconstructed from a single act (26109994). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Camel Q
CurrentDirector · since 21-05-2026 · Private limited company · perm. rep.: Nathasja Van Bael
DEGROEP
CurrentDirector · since 21-05-2026 · Private limited company (pre-2019) · perm. rep.: Bram Coussement
PARTE EXPERT
CurrentDirector · since 21-05-2026 · Private limited company · perm. rep.: Olivier De Schrijver
21-05-2026
Camel Q: Appointed as Director
21-05-2026
DEGROEP: Appointed as Director
21-05-2026
PARTE EXPERT: Appointed as Director
21-05-2026
Mieke Vandorpe: Resigned as Director
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2017
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.
Jan van Gentstraat 72000 AntwerpenGround area
4,375 m²
Building footprint
2,253 m²
Volume, LiDAR
30,799 m³
2 parcels, Flanders · tallest building 21.7 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Sea'ndicus
since 20172.260.535.708
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11811L3723/00M000 | Flanders | 3,981 m² | 1 · 1,991 m² | 21.7 m · 5 fl. |
| 35386D0178/00B008 | Flanders | 394 m² | 1 · 262 m² | - |
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.
Statutory auditor
1 auditor| BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISESCurrent Statutory auditor | 21-05-2026 → present |
Structure & network
Connections & network
6 connected companiesNetwork connections
Shared corporate director
→
Shared corporate director
→
Shared corporate director
→
Shared corporate director
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Show 2 more network connections
Shared corporate director
→
Shared corporate director
→
Ownership & control
3 partiesControl over this companysits on this company's board3
5 subsidiaries · 1 location
5 subsidiaries · 1 location
4 subsidiaries · 1 location
controls
Sea'ndicusBE 0668.759.471
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Of 3,766 companies in sector 68321 we hold annual accounts for 1,391. 901 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-01-2017
Fiscal year end31-12
Activities, NACEBEL
68321Property management for co-owned buildings (syndics)
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.