SEAL-IT-CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of SEAL-IT-CONSTRUCT is 2.0% (moderate). The 2024 annual accounts show equity of €302k and a net result of €215k. Equity is growing by ~154.7% per year across the filed fiscal years. Its solvency ranks better than 24% of 36375 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2022
Profitability89▲+10
Solvency48▲+13
Growth78=
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity tight (current ratio 1.19 against 1.03 in 2022; short-term debt: 66.1% and cash: 27.2% of total assets), and 77.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+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 →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
22.7%
Return on assets
16.1%
Age of the figures
24 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 36375 sector peers (2024).
NBB · sector comparisonPosition among 36375 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 27-09-2024 was due by 27-04-2025 and was filed on 27-03-2025, 31 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2024
31 d early
2022
35 d early
2020
52 d early
2019
43 d early
2017
42 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€302k▲ 245%
2022 · €88k
2019: €3klowest value
2020: €13k▲ +281% vs 2019
2022: €88k
2024: €302khighest value
2019 → 2024
Total assets
€1.33M▲ 52.1%
2022 · €875k
2019: €97klowest value
2020: €107k▲ +10.3% vs 2019
2022: €875k
2024: €1.33Mhighest value
2019 → 2024
Net result
€215k▲ 186%
2022 · €75k
2019: €-9klowest value
2020: €9k▲ +201% vs 2019
2022: €75k
2024: €215khighest value
2019 → 2024
Working capital
€169k▲ 657%
2022 · €22k
2019: €2k
2020: €2k▼ -1.8% vs 2019lowest value
2022: €22k
2024: €169khighest value
2019 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2019202020222024Trend
Equity€3k-€13k▲ 281%€88k▲ 592%€302k▲ 245%
2019: €3klowest value
2020: €13k▲ +281% vs 2019
2022: €88k
2024: €302khighest value
Operating result€-1k-€15k€106k▲ 591%€333k▲ 214%
2019: €-1klowest value
2020: €15k▲ +1615% vs 2019
2022: €106k
2024: €333khighest value
Net result€-9k-€9k€75k▲ 703%€215k▲ 186%
2019: €-9klowest value
2020: €9k▲ +201% vs 2019
2022: €75k
2024: €215khighest value
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €333k in 2024, compared with €106k in 2022. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2024 in colour, 2022 as the grey bar beneath
Assets €1.33M
Fixed assets
€282k ▲ 55.7%
Current assets
€1.05M ▲ 51.2%
Equity and liabilities €1.33M
Equity
€302k ▲ 245%
Debt
€1.03M ▲ 30.6%
Debt's share of the balance-sheet total falls from 90.0% to 77.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€453k▲
2022 · €135k
Cash flow
€334k▲
2022 · €104k
Current ratio
1.19▲
2022 · 1.03
Debt to equity
3.40▼
2022 · 8.98
ROE
71.0%▼
2022 · 85.6%
ROA
16.1%▲
2022 · 8.6%
Interest coverage
13.86▲
2022 · 13.18
Debt ≤ 1 year
€879k▲
2022 · €671k
Debt > 1 year
€149k▲
2022 · €115k
Income taxes
€89k▲
2022 · €24k
Staff costs
€1.56M▲
2022 · €247k
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 · 2024 against 2022 · 51 lines
Balance sheet
Code20222024
Assets
Total assets20/58€875k€1.33M▲
Fixed assets21/28€181k€282k▲
Intangible fixed assets21-€5k
Tangible fixed assets22/27€177k€273k▲
Plant, machinery and equipment23€14k€11k▼
Furniture and vehicles24€158k€244k▲
Other tangible fixed assets26€6k€19k▲
Financial fixed assets28€3k€4k▲
Current assets29/58€694k€1.05M▲
Amounts receivable after more than one year29€50k€60k▲
Other amounts receivable291€50k€60k▲
Amounts receivable within one year40/41€459k€611k▲
Trade receivables40€326k€450k▲
Other amounts receivable41€133k€161k▲
Cash at bank and in hand54/58€165k€362k▲
Deferred charges and accrued income490/1€19k€15k▼
Equity and liabilities
Total equity and liabilities10/49€875k€1.33M▲
Equity10/15€88k€302k▲
Contributions10/11€12k€12k=
Reserves13€75k€290k▲
Distributable reserves133€75k€290k▲
Amounts payable17/49€787k€1.03M▲
Amounts payable after more than one year17€115k€149k▲
Financial debts170/4€115k€149k▲
Amounts payable within one year42/48€671k€879k▲
Current portion of amounts payable after more than one year42€86k€243k▲
Trade debts44€531k€564k▲
Suppliers440/4€531k€564k▲
Taxes, remuneration and social security45€37k€72k▲
Taxes450/3€9k€20k▲
Remuneration and social security454/9€28k€52k▲
Other amounts payable47/48€17k€716▼
Accrued charges and deferred income492/3€494€0▼
Income statement
Code20222024
Remuneration, social security and pensions62€247k€1.56M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€120k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€92k
Other operating charges640/8€81k€20k▼
Gross operating margin9900€462k€2.13M▲
Operating profit (loss)9901€106k€333k▲
Financial income75/76B€3k€3k▼
Recurring financial income75€3k€3k▼
Financial charges65/66B€10k€33k▲
Recurring financial charges65€10k€33k▲
Non-recurring financial charges66B€124€0▼
Profit (loss) for the period before taxes9903€99k€303k▲
Income taxes67/77€24k€89k▲
Profit (loss) for the period9904€75k€215k▲
Profit (loss) for the period to be appropriated9905€75k€215k▲
Appropriation of the result
Profit (loss) to be appropriated9906€75k€215k▲
Transfer to equity691/2€75k€215k▲
To other reserves6921€75k€215k▲
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2022 | 2024 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €247k | €1.56M | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €1k | €29k | €120k | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €92k | - |
| Other operating charges640/8 | - | - | €81k | €20k | - |
| Gross operating margin9900 | €2k | €17k | €462k | €2.13M | - |
| Operating profit (loss)9901 | €-1k | €15k | €106k | €333k | - |
| Financial income75/76B | - | - | €3k | €3k | - |
| Recurring financial income75 | - | €10 | €3k | €3k | - |
| Financial charges65/66B | - | - | €10k | €33k | - |
| Recurring financial charges65 | €5k | €2k | €10k | €33k | - |
| Non-recurring financial charges66B | - | - | €124 | €0 | - |
| Profit (loss) for the period before taxes9903 | €-6k | €14k | €99k | €303k | - |
| Income taxes67/77 | €3k | €4k | €24k | €89k | - |
| Profit (loss) for the period9904 | €-9k | €9k | €75k | €215k | - |
| Profit (loss) for the period to be appropriated9905 | €-9k | €9k | €75k | €215k | - |
| Line | 2019 | 2020 | 2022 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €97k | €107k | €875k | €1.33M | - |
| Fixed assets21/28 | €2k | €11k | €181k | €282k | - |
| Intangible fixed assets21 | - | - | - | €5k | - |
| Tangible fixed assets22/27 | €843 | €10k | €177k | €273k | - |
| Plant, machinery and equipment23 | - | - | €14k | €11k | - |
| Furniture and vehicles24 | - | - | €158k | €244k | - |
| Other tangible fixed assets26 | - | - | €6k | €19k | - |
| Financial fixed assets28 | €891 | €1k | €3k | €4k | - |
| Current assets29/58 | €95k | €96k | €694k | €1.05M | - |
| Amounts receivable after more than one year29 | - | - | €50k | €60k | - |
| Other amounts receivable291 | - | - | €50k | €60k | - |
| Amounts receivable within one year40/41 | €71k | €81k | €459k | €611k | - |
| Trade receivables40 | - | - | €326k | €450k | - |
| Other amounts receivable41 | - | - | €133k | €161k | - |
| Cash at bank and in hand54/58 | €4k | €6k | €165k | €362k | - |
| Deferred charges and accrued income490/1 | - | - | €19k | €15k | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €97k | €107k | €875k | €1.33M | - |
| Equity10/15 | €3k | €13k | €88k | €302k | - |
| Contributions10/11 | €12k | - | €12k | €12k | - |
| Reserves13 | €200 | €256 | €75k | €290k | - |
| Distributable reserves133 | - | - | €75k | €290k | - |
| Profit (loss) carried forward14 | €-9k | - | - | - | - |
| Amounts payable17/49 | €94k | €94k | €787k | €1.03M | - |
| Amounts payable after more than one year17 | - | - | €115k | €149k | - |
| Financial debts170/4 | - | - | €115k | €149k | - |
| Amounts payable within one year42/48 | €94k | €94k | €671k | €879k | - |
| Current portion of amounts payable after more than one year42 | - | - | €86k | €243k | - |
| Trade debts44 | €91k | €67k | €531k | €564k | - |
| Suppliers440/4 | - | - | €531k | €564k | - |
| Taxes, remuneration and social security45 | - | - | €37k | €72k | - |
| Taxes450/3 | - | - | €9k | €20k | - |
| Remuneration and social security454/9 | - | - | €28k | €52k | - |
| Other amounts payable47/48 | - | - | €17k | €716 | - |
| Accrued charges and deferred income492/3 | - | - | €494 | €0 | - |
| Line | 2019 | 2020 | 2022 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-9k | €9k | €75k | €215k | - |
| + Depreciation and write-downs630 | €2k | €1k | €29k | €120k | - |
| Operating cash flow (approximation) | €-8k | €11k | €104k | €334k | - |
| Investment in fixed assets (approximation) | - | €-11k | - | - | - |
| Change in cash | - | €2k | - | - | - |
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
2025
27-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-09
Financial
Highest result since 2019net €215k ▲186%
Operating result €333k, net result €215k, both a record.
27-09
Financial
Equity above €200kEq €302k ▲245%
3 profitable years in a row build equity to €302k.
2023
24-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
08-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-09
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
17-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
19-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Brussel · 1 establishment unit since 2015
Ground area
2,479 m²
Building footprint
1,097 m²
Volume, LiDAR
29,482 m³
Parcel 21805E0461/00L000, Brussels · tallest building 33.3 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
de Meeûssquare 38-40, 1000 Brussel
since 20152.246.542.467
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21805E0461/00L000 | Brussels | 2,479 m² | 1 · 1,096 m² | 33.3 m · 9 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,420. 5,372 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
Founded09-10-2015
Fiscal year end27-09
Activities, NACEBEL 2025
43990Other specialised construction activities
41001General construction of residential buildings
70200Business and other management consultancy
71111Activities of building architects
77320Rental and leasing activities
Scores and ratios are computed by Checked and are not a credit decision.