Equity
Equity fell by 74% in 6 years.
Equity fell by 74% in 6 years.
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
Of this, €395,158 falls due within a year.
Green is investment, beige is depreciation. Machinery stands 959.4% higher than in 2024.
Latest accounts filed late: after the legal deadline.
The dashed line is the sector median: 0.4% across 26,888 companies (NACE 46, micro).
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 31% of them on solvency, 14% on liquidity, 6% on profitability and 11% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 1,294 companies had the same profile as SEAMARK BELGIUM has now. Each dot stands for 4 companies, two years later.
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of SEAMARK BELGIUM itself is higher: 5.5% within 12 months. It rests on far more data about SEAMARK BELGIUM than the profile alone.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,294 companies, not a prediction for SEAMARK BELGIUM. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is tight, with a current ratio of 1.04 (1.31 in 2024), below the usual 1.5. Short-term debt is 79.1% and cash 5.5% of total assets. 80.9% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 61 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| SEAMARK BELGIUM Antwerp | €499,756 | €478,136 | 19.1% | 5.5 |
| APC-CENTER Ninove | €527,488 | €419,635 | 59.3% | 6.7 |
| MercurHosp Namur | €411,517 | €984,047 | 58.3% | 5.5 |
| CARU CONTAINERS Antwerp | €642,227 | €940,018 | 70.3% | 7 |
| DENNY Ghent | €597,722 | €465,020 | -61.8% | 9.6 |
| C² Géo Braine-l'Alleud | €639,339 | €657,130 | 37.8% | 8.3 |
| GRITEC Charleroi | €587,465 | €495,158 | 27.6% | 10.1 |
These companies have the same main activity as SEAMARK BELGIUM: agents specialised in the wholesale of other particular products (NACE 46180). They are comparable in size and age: total assets between €412,000 and €642,000, founded between 2006 and 2013.
SEAMARK BELGIUM files the abbreviated format. That format states no turnover. The gross margin rose from €224,001 in 2013 to €478,136 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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