SEB & CO
Inactive1 interim measureInactive; last annual accounts for fiscal year 2020.
Summary
SEB & CO was declared bankrupt on 10-10-2022 (Ondernemingsrechtbank Gent, afdeling Dendermonde); the bankruptcy was closed for insufficient assets by judgment of 14-01-2025, published in the Belgian State Gazette on 20-01-2025.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 2 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline28-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 10-06-2021, 51 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
51 d early
2019
53 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 1 day after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
Financials · fiscal year 2020, micro schema
Equity
€8,915▲ 1.9%
2019 · €8,749
Total assets
€32,714▲ 75.7%
2019 · €18,622
Net result
€167▼ 93.5%
2019 · €2,549
Working capital
-€402
2019 · €8,749
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020
Operating result€3,853-€1,845▼ 52.1%
Net result€2,549-€167▼ 93.5%
Equity€8,749-€8,915▲ 1.9%
Total assets€18,622-€32,714▲ 75.7%
Debt€9,873-€23,799▲ 141%
Working capital€8,749--€402
Staff (FTE)3
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2020; 2020 is 52% below 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €32,714
Fixed assets
€9,317
Current assets
€23,397
Equity and liabilities €32,714
Equity
€8,915 ▲ 1.9%
Debt
€23,799 ▲ 141%
Debt's share of the balance-sheet total rises from 53.0% to 72.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€2,054
Cash flow
€376
Current ratio
0.98▼
2019 · 1.89
ROE
1.9%▼
2019 · 29.1%
ROA
0.5%▼
2019 · 13.7%
Debt ≤ 1 year
€23,799▲
2019 · €9,873
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €210 | - |
| Gross operating margin9900 | €4,755 | €13,479 | ▲ 183% |
| Operating profit (loss)9901 | €3,853 | €1,845 | ▼ 52.1% |
| Recurring financial income75 | €500 | €59 | ▼ 88.2% |
| Recurring financial charges65 | €368 | €1,737 | ▲ 373% |
| Profit (loss) for the period before taxes9903 | €3,985 | €167 | ▼ 95.8% |
| Income taxes67/77 | €1,437 | - | - |
| Profit (loss) for the period9904 | €2,549 | €167 | ▼ 93.5% |
| Profit (loss) for the period to be appropriated9905 | €2,549 | €167 | ▼ 93.5% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €18,622 | €32,714 | ▲ 75.7% |
| Fixed assets21/28 | - | €9,317 | - |
| Tangible fixed assets22/27 | - | €3,017 | - |
| Financial fixed assets28 | - | €6,300 | - |
| Current assets29/58 | €18,622 | €23,397 | ▲ 25.6% |
| Amounts receivable within one year40/41 | €5,814 | €17,768 | ▲ 206% |
| Cash at bank and in hand54/58 | - | €5,629 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €18,622 | €32,714 | ▲ 75.7% |
| Equity10/15 | €8,749 | €8,915 | ▲ 1.9% |
| Contributions10/11 | €6,200 | - | - |
| Reserves13 | €2,549 | €2,715 | ▲ 6.5% |
| Amounts payable17/49 | €9,873 | €23,799 | ▲ 141% |
| Amounts payable within one year42/48 | €9,873 | €23,799 | ▲ 141% |
| Trade debts44 | €3,688 | €13,567 | ▲ 268% |
| Line | 2019 | 2020 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €2,549 | €167 | ▼ 93.5% |
| + Depreciation and write-downs630 | - | €210 | - |
| Operating cash flow (approximation) | €2,549 | €376 | ▼ 85.2% |
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
20-01
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Gent · event 14-01-2025
2024
29-05
KBO administration
Address struck
Luxemburgstraat 20 L’adresse du siège Luxemburgstraat 20 9140 Die Sitzadresse Luxemburgstraat 20 9140
9140 Temse is doorgehaald met ingang van Tamise · event 29-03-2024
2022
25-11
Bankruptcy
Bankruptcy reversal
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 14-11-2022
18-10
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · event 10-10-2022
10-10
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 04-10-2022
12-09
Interim measure
Provisional administrator
Ondernemingsrechtbank Gent · event 06-09-2022
2021
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
22-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 53 days late
SignalNBB filing
0 of 4 acts read
About the unread acts
We know of 4 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
4 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
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | MARIE-LAURE DE SMEDT ROOMSTRAAT 40,
9160 LOKEREN |
10-10-2022 → 14-11-2022 |
| Curator | NICOLAS CLAERHOUT KONING ALBERTSTRAAT 25/1,
9900 EEKLO |
04-10-2022 → 14-11-2022 |
Identification & contact
Identification
Legal formBVBA
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.