SEACORIN
ActiveSEACORIN has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-1.04M) and a net result of €30k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 6% of 4827 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
39
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability24▲+17
Solvency19▲+2
Growth55▲+18
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.07 against 1.07 in 2024; short-term debt: 93.3% and cash: 1.4% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight 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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← 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
-6.3%
Return on assets
0.2%
Age of the figures
9 mo
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 6% of 4827 sector peers (2025).
NBB · sector comparisonPosition among 4827 sector peers
Solvency
better than 6%
← weakest
strongest →
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 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
41 d late
2023
1 d late
2022
13 d early
2021
9 d early
2020
15 d early
2019
61 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€22.96M▲ 11.2%
2024 · €20.66M
2019: €17.50M
2020: €16.20M
2021: €23.73M
2022: €35.57M
2023: €24.03M
2024: €20.66M
2019 → 2025
EBIT margin
1.0%▲ 4.6pp
2024 · -3.6%
2019: -2.0%
2020: 0.8%
2021: 2.0%
2022: 1.0%
2023: -5.3%
2024: -3.6%
2019 → 2025
Net result
€30k
2024 · €-1.29M
2019: €-470k
2020: €11k
2021: €373k
2022: €42k
2023: €-1.48M
2024: €-1.29M
2019 → 2025
Working capital
€1.04M▲ 10.7%
2024 · €937k
2019: €697k
2020: €1.76M
2021: €2.03M
2022: €3.63M
2023: €2.20M
2024: €937k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€23.73M-€35.57M▲ 49.9%€24.03M▼ 32.4%€20.66M▼ 14.1%€22.96M▲ 11.2%
Equity€768k-€810k▲ 5.5%€-674k€-1.07M▼ 58.1%€-1.04M▲ 2.9%
Operating result€474k-€367k▼ 22.6%€-1.26M€-744k▲ 41.1%€223k
Net result€373k-€42k▼ 88.7%€-1.48M€-1.29M▲ 13.0%€30k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €223k after a loss of €744k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €16.35M
Fixed assets
€51k▼ 16.6%
Current assets
€16.30M▲ 20.2%
Key figures and ratios
EBITDA
€243k▲
2024 · €-709k
Cash flow
€50k▲
2024 · €-1.26M
Solvency
-6.3%▲
2024 · -7.8%
Current ratio
1.07▼
2024 · 1.07
Quick ratio
0.25▼
2024 · 0.35
Debt / equity
-16.80▼
2024 · -13.78
ROA
0.2%▲
2024 · -9.5%
Interest coverage
0.56▲
2024 · -1.25
Debt
€17.39M▲
2024 · €14.68M
Debt ≤ 1 year
€15.26M▲
2024 · €12.62M
Debt > 1 year
€1.90M=
2024 · €1.90M
Income taxes
€2k
Staff costs
€324k▼
2024 · €420k
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€13.62M€16.35M▲
Fixed assets21/28€61k€51k▼
Intangible fixed assets21€3k€6k▲
Tangible fixed assets22/27€53k€39k▼
Plant, machinery and equipment23€444€242▼
Furniture and vehicles24€52k€38k▼
Financial fixed assets28€6k€6k=
Other financial fixed assets284/8€6k€6k=
Amounts receivable and cash guarantees285/8€6k€6k=
Current assets29/58€13.56M€16.30M▲
Stocks and contracts in progress3€9.19M€12.53M▲
Stocks30/36€9.19M€12.53M▲
Goods purchased for resale34€9.19M€12.53M▲
Amounts receivable within one year40/41€3.68M€3.52M▼
Trade receivables40€3.43M€3.02M▼
Other amounts receivable41€250k€509k▲
Cash at bank and in hand54/58€611k€229k▼
Deferred charges and accrued income490/1€79k€16k▼
Equity and liabilities
Total equity and liabilities10/49€13.62M€16.35M▲
Equity10/15€-1.07M€-1.04M▲
Contributions10/11€3.40M€3.40M=
Capital10€3.40M€3.40M=
Issued capital100€3.40M€3.40M=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€-4.47M€-4.44M▲
Amounts payable17/49€14.68M€17.39M▲
Amounts payable after more than one year17€1.90M€1.90M=
Financial debts170/4€1.90M€1.90M=
Other loans174€1.90M€1.90M=
Amounts payable within one year42/48€12.62M€15.26M▲
Current portion of amounts payable after more than one year42-€1.00M
Financial debts43€4.48M€3.75M▼
Credit institutions430/8€4.48M€3.75M▼
Trade debts44€8.12M€10.49M▲
Suppliers440/4€8.12M€10.49M▲
Taxes, remuneration and social security45€23k€27k▲
Remuneration and social security454/9€23k€27k▲
Accrued charges and deferred income492/3€163k€223k▲
Income statement
Code20242025
Operating income70/76A€20.68M€23.16M▲
Turnover70€20.66M€22.96M▲
Own construction capitalised72€8k€34k▲
Other operating income74€14k€171k▲
Operating charges60/66A€21.42M€22.94M▲
Goods for resale, raw materials and consumables60€19.05M€20.49M▲
Purchases600/8€17.55M€23.67M▲
Change in stocks: decrease (increase)609€1.50M€-3.18M▼
Services and other goods61€1.87M€2.12M▲
Remuneration, social security and pensions62€420k€324k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€20k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€42k€-24k▼
Other operating charges640/8€14k€12k▼
Operating profit (loss)9901€-744k€223k▲
Financial income75/76B€290k€934k▲
Recurring financial income75€290k€934k▲
Income from financial fixed assets750€31-
Other financial income752/9€290k€934k▲
Financial charges65/66B€837k€1.13M▲
Recurring financial charges65€837k€1.13M▲
Debt charges650€566k€432k▼
Other financial charges652/9€271k€693k▲
Profit (loss) for the period before taxes9903€-1.29M€32k▲
Income taxes67/77-€2k
Taxes670/3-€2k
Profit (loss) for the period9904€-1.29M€30k▲
Profit (loss) for the period to be appropriated9905€-1.29M€30k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-4.47M€-4.44M▲
Profit (loss) brought forward from the previous period14P€-3.18M€-4.47M▼
Social balance
Average headcount (FTE)90874.84.6▼
The notes to these accounts (50 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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €30k
Net result €30k after 2 loss-making years.
10-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 41 days late
2024
01-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 1 day late
2023
31-12
Financial
Weakest financial yearnet €-1.48M ▼3613%
Net result drops to €-1.48M, the lowest in the series; recovery starts the following year.
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2019net €373k ▲3425%
Operating result €474k, net result €373k, both a record.
31-12
Financial
Equity above €500kEq €768k ▲94.3%
2 profitable years in a row build equity to €768k.
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
31-12
Financial
Equity above €200kEq €395k
Equity rises from €-265k to €395k.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 61 days late
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
15 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, Waregem · 1 establishment unit since 2014
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.
Henri Lebbestraat 1888790 WaregemGround area
1,510 m²
Building footprint
1,056 m²
Volume, LiDAR
7,373 m³
Parcel 34040C1249/00W002, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Seacorin
since 20142.235.026.686
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34040C1249/00W002 | Flanders | 1,510 m² | 1 · 1,056 m² | 9.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
2025 · 1 entry · 2,300 EUR awarded · 2,300 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,300 EUR | 2,300 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Legal Entity Identifier
549300SPCVIBU2FMN002
Similar companies · same sector, comparable size
MILMEAT
BE 0825.836.818
Antwerpen · Eq €818k
MARUPECHE
BE 0876.581.872
Brugge · Eq €826k
ARTIFREEZE
BE 0424.852.773
Binche · Eq €715k
VERFIFOODS
BE 0867.750.419
Overijse · Eq €706k
NEDOSA
BE 0508.823.297
Herve · Eq €960k
Of 222 companies in sector 46391 we hold annual accounts for 138. 91 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded05-09-2014
Fiscal year end31-12
Activities, NACEBEL
46323Wholesale trade
46391Wholesale trade
46392Non-specialised wholesale
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.