SEB Construct
ActiveSummary
SEB Construct has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €97k and a net result of €8k. Equity is growing by ~42.3% per year across the filed fiscal years. Its solvency ranks better than 72% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability76▲+6
Solvency91▲+3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days only on tighter terms
Liquidity ample (current ratio 2.67 against 2.45 in 2023; short-term debt: 33.9% and cash: 0.7% of total assets), and 33.9% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk
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 · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-04-2026, 251 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
251 d late
2023
119 d late
2022
192 d late
2021
242 d late
2020
89 d late
2019
92 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, micro schema
Equity
€97k▼ 48.6%
2023 · €189k
Total assets
€147k▼ 51.0%
2023 · €299k
Net result
€8k▼ 78.8%
2023 · €39k
Working capital
€83k▼ 48.2%
2023 · €160k
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
Line20202021202220232024
Operating result€12k▼ 4.3%€36k▲ 197%€83k▲ 133%€54k▼ 34.8%€14k▼ 73.7%
Net result€11k▲ 29.0%€39k▲ 248%€61k▲ 56.0%€39k▼ 36.3%€8k▼ 78.8%
Equity€51k▲ 28.0%€90k▲ 76.2%€150k▲ 67.5%€189k▲ 25.7%€97k▼ 48.6%
Total assets€81k▼ 23.4%€113k▲ 39.7%€269k▲ 139%€299k▲ 11.4%€147k▼ 51.0%
Debt€30k▼ 54.7%€23k▼ 23.0%€118k▲ 419%€111k▼ 6.7%€50k▼ 55.0%
Working capital€39k▲ 37.5%€82k▲ 108%€145k▲ 77.4%€160k▲ 10.3%€83k▼ 48.2%
Staff (FTE)1=11.8
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 74% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €147k
Fixed assets
€14k ▼ 50.8%
Current assets
€133k ▼ 51.0%
Equity and liabilities €147k
Equity
€97k ▼ 48.6%
Debt
€50k ▼ 55.0%
Debt's share of the balance-sheet total falls from 36.9% to 33.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€24k
Cash flow
€18k
Current ratio
2.67▲
2023 · 2.45
Debt to equity
0.51▼
2023 · 0.59
ROE
8.4%▼
2023 · 20.4%
ROA
5.6%▼
2023 · 12.9%
Interest coverage
78.27
Debt ≤ 1 year
€50k▼
2023 · €111k
Income taxes
€6k▼
2023 · €15k
Staff costs
€22k▼
2023 · €41k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €10k | €9k | €41k | €22k | ▼ 45.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €6k | €5k | - | €10k | - |
| Other operating charges640/8 | - | €303 | €1k | €2k | €5k | ▲ 234% |
| Non-recurring operating charges66A | - | €500 | - | - | €5k | - |
| Gross operating margin9900 | €33k | €52k | €99k | €97k | €57k | ▼ 41.6% |
| Operating profit (loss)9901 | €12k | €36k | €83k | €54k | €14k | ▼ 73.7% |
| Financial income75/76B | - | €4k | - | - | €26 | - |
| Recurring financial income75 | €2k | €4k | - | - | €26 | - |
| Financial charges65/66B | - | €633 | €1k | €683 | €305 | ▼ 55.3% |
| Recurring financial charges65 | €788 | €633 | €1k | €683 | €305 | ▼ 55.3% |
| Profit (loss) for the period before taxes9903 | €13k | €39k | €82k | €54k | €14k | ▼ 73.9% |
| Income taxes67/77 | €2k | - | €22k | €15k | €6k | ▼ 61.4% |
| Profit (loss) for the period9904 | €11k | €39k | €61k | €39k | €8k | ▼ 78.8% |
| Profit (loss) for the period to be appropriated9905 | €11k | €39k | €61k | €39k | €8k | ▼ 78.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €81k | €113k | €269k | €299k | €147k | ▼ 51.0% |
| Formation expenses20 | - | €0 | - | - | - | - |
| Fixed assets21/28 | €14k | €8k | €5k | €29k | €14k | ▼ 50.8% |
| Intangible fixed assets21 | - | €0 | €0 | - | - | - |
| Tangible fixed assets22/27 | €14k | €8k | €5k | €29k | €14k | ▼ 51.1% |
| Plant, machinery and equipment23 | - | - | €2k | €17k | €8k | ▼ 51.5% |
| Furniture and vehicles24 | - | €8k | €3k | €11k | €6k | ▼ 50.4% |
| Financial fixed assets28 | €160 | €160 | €160 | €160 | €160 | = |
| Current assets29/58 | €66k | €105k | €264k | €271k | €133k | ▼ 51.0% |
| Amounts receivable after more than one year29 | - | - | - | - | €70k | - |
| Other amounts receivable291 | - | - | - | - | €70k | - |
| Amounts receivable within one year40/41 | €32k | €101k | €264k | €270k | €62k | ▼ 77.2% |
| Trade receivables40 | - | €4k | €184k | €223k | €56k | ▼ 74.9% |
| Other amounts receivable41 | - | €97k | €80k | €48k | €6k | ▼ 88.1% |
| Cash at bank and in hand54/58 | €35k | €4k | €42 | - | €960 | - |
| Deferred charges and accrued income490/1 | - | - | €92 | €193 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €81k | €113k | €269k | €299k | €147k | ▼ 51.0% |
| Equity10/15 | €51k | €90k | €150k | €189k | €97k | ▼ 48.6% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | - | - | €2k | €2k | = |
| Other1319 | - | €2k | €2k | - | - | - |
| Profit (loss) carried forward14 | €43k | €82k | €142k | €181k | €89k | ▼ 50.8% |
| Amounts payable17/49 | €30k | €23k | €118k | €111k | €50k | ▼ 55.0% |
| Amounts payable after more than one year17 | €2k | €0 | - | - | - | - |
| Financial debts170/4 | - | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €27k | €23k | €118k | €111k | €50k | ▼ 55.0% |
| Current portion of amounts payable after more than one year42 | - | €2k | €9k | €9k | - | - |
| Financial debts43 | - | €8k | - | €3 | €1k | ▲ 42,516% |
| Credit institutions430/8 | - | €8k | - | €3 | €1k | ▲ 42,516% |
| Trade debts44 | €18k | €4k | €80k | €43k | €6k | ▼ 85.3% |
| Suppliers440/4 | - | €4k | €80k | €43k | €6k | ▼ 85.3% |
| Taxes, remuneration and social security45 | - | €9k | €29k | €59k | €42k | ▼ 28.4% |
| Taxes450/3 | - | €3k | €22k | €58k | €38k | ▼ 34.5% |
| Remuneration and social security454/9 | - | €6k | €7k | €795 | €4k | ▲ 413% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11k | €39k | €61k | €39k | €8k | ▼ 78.8% |
| + Depreciation and write-downs630 | €6k | €6k | €5k | - | €10k | - |
| Operating cash flow (approximation) | €17k | €45k | €66k | €39k | €18k | ▼ 54.0% |
| Investment in fixed assets (approximation) | - | €500 | €-2k | €-24k | €5k | ▲ 121% |
| Change in cash | - | €-31k | €-4k | - | - | - |
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
2026
08-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 251 days late
2024
31-12
Financial
Weakest financial yearnet €8k ▼78.8%
Net result drops to €8k, the lowest in the series.
27-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 119 days late
08-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 192 days late
2023
30-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 242 days late
2022
31-12
Financial
Highest result since 2018net €61k ▲56%
Operating result €83k, net result €61k, both a record.
31-12
Financial
Equity above €150kEq €150k ▲67.5%
5 profitable years in a row build equity to €150k.
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
01-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 1 day late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Braine-le-Comte · 1 establishment unit since 2017
Ground area
1,717 m²
Building footprint
176 m²
Parcel 55302C0457/00V000, Wallonia. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
SEB Construct
since 20172.264.867.153
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55302C0457/00V000 | Wallonia | 1,717 m² | 1 · 176 m² | - |
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.
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,416. 6,240 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
Founded23-05-2017
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43990Other specialised construction activities
Contact
E-mail
cbasti1f@icloud.comBraine-le-Comte
Phone
0496/72.21.83Braine-le-Comte
Scores and ratios are computed by Checked and are not a credit decision.