Equity
€97,070 from €188,895 in 2023
Equity fell by 49% in 1 year.
SEB Construct
Lifetime
7 annual accounts with figures on one time axispeak €136,804 (2018)
€56,622▼ 41.6%
peak €60,548 (2022)
€8,176▼ 78.8%
peak €188,895 (2023)
€97,070▼ 48.6%
€49,711▼ 55.0%
peak 1 FTE (2018)
-not published
Board2 names since 2020
1 directorFOROTTI, Sebastiano Elio Bruno
Documentsfilings and deeds
08-04-2026251 days late
2024micro format
Gross margin from €96,979 to €56,622Result from €38,591 to €8,176Equity from €188,895 to €97,070Debts from €110,570 to €49,711
Key points
from the 2024 annual accountsChecked score
35
Weak
Financially stronger than 39% of micro companies in specialised construction (NACE 43)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
7.3% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 5.6%
01-2025: 5.4%▼ -0.2 percentage points vs 12-2024
02-2025: 5.4%● unchanged vs 01-2025
03-2025: 5.4%● unchanged vs 02-2025
04-2025: 5.3%▼ -0.1 percentage points vs 03-2025
05-2025: 5.0%▼ -0.3 percentage points vs 04-2025
06-2025: 4.8%▼ -0.2 percentage points vs 05-2025
07-2025: 4.0%▼ -0.8 percentage points vs 06-2025lowest value
08-2025: 4.5%▲ +0.5 percentage points vs 07-2025
09-2025: 4.9%▲ +0.4 percentage points vs 08-2025
10-2025: 7.3%▲ +2.4 percentage points vs 09-2025
11-2025: 7.5%▲ +0.2 percentage points vs 10-2025
12-2025: 8.4%▲ +0.9 percentage points vs 11-2025
01-2026: 11.2%▲ +2.8 percentage points vs 12-2025
02-2026: 11.2%● unchanged vs 01-2026
03-2026: 11.6%▲ +0.4 percentage points vs 02-2026highest value
04-2026: 10.8%▼ -0.8 percentage points vs 03-2026
05-2026: 5.1%▼ -5.7 percentage points vs 04-2026
06-2026: 4.9%▼ -0.2 percentage points vs 05-2026
07-2026: 4.9%● unchanged vs 06-2026
08-2026: 5.5%▲ +0.6 percentage points vs 07-2026
09-2026: 5.7%▲ +0.2 percentage points vs 08-2026
10-2026: 7.3%▲ +1.6 percentage points vs 09-2026
11-2026: 7.3%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
1 financial year not filed after the legal deadline; last filed accounts filed 251 days late; 3 of the last 3 accounts late
Figures for financial year 2024 (filed on 09-04-2026)
Size: total assets €146,781
Liquidity: current ratio 2.67, cash €960
Calculation
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 43, micro). It does better than 72% of them on solvency, 24% on liquidity, 50% on profitability and 9% on growth.
The bankruptcy probability was computed on 09-11-2026 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 31-12-2024.
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).
Comparable companies, two years later
In July 2024, 26,972 companies had the same profile as SEB Construct has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of SEB Construct itself is higher: 7.3% within 12 months. It rests on far more data about SEB Construct than the profile alone.
Test of the method
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 26,972 companies, not a prediction for SEB Construct. 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.
Credit verdict
Credit of up to €3,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity is ample, with a current ratio of 2.67 (2.45 in 2023), above the usual 1.5. Short-term debt is 33.9% and cash 0.7% of total assets. 33.9% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises risk
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 102 days later.
NBB · 7 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline10-11-2026 today
raises risk · 2024 accounts filed 251 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: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 7 filingsDeviation from the deadline
2025
not filed
2024
251 days late
2023
119 days late
2022
192 days late
2021
242 days late
2020
89 days late
2019
92 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 164 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (1)
Recent changes
Change of role: FOROTTI, Sebastiano Elio Bruno, from manager to director
Registered office clause: Drève des Bouleaux 8, 7090 Braine-le-Comte · Gazette deed
Resignation: Cécile CAVYN (manager)
Gazette deed
Incorporation
published on 26-05-2017 · Gazette deed
First establishment
Drève des Bouleaux 8, Braine-le-Comte
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SEB Construct Braine-le-Comte | €146,781 | €56,622 | 66.1% | - |
| L.A.Z. RAYONNAGES Charleroi | €169,116 | €55,422 | 74.5% | - |
| A.S. Reno-Construct Beersel | €159,927 | €57,603 | 51.9% | - |
| ARN COMPANY Anderlecht | €130,772 | €51,572 | 71.4% | - |
| KALISTO GLOBAL Jette | €137,986 | €54,771 | 47.2% | - |
| ACUAS Molenbeek-Saint-Jean | €167,097 | €53,805 | 14.0% | - |
| STV Pool Projects Opwijk | €123,259 | €58,143 | 39.4% | - |
These companies have the same main activity as SEB Construct: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €123,000 and €169,000, founded between 2016 and 2018.
Official details
Source: KBO- Status
- Active since 23-05-2017Normal situation
- Activity
- Other specialised construction activitiesNACE 43990and 1 other
- Establishment unit
- 2.264.867.1537090 Braine-le-Comte, since 23-05-2017
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Insights on SEB Construct
SEB Construct files the micro format. That format states no turnover. The gross margin fell from €136,804 in 2018 to €56,622 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SEB Construct
- What is the company number of SEB Construct?
- The company number of SEB Construct is 0675.947.864. The VAT number is the same number with BE in front: BE 0675.947.864.
- Where is SEB Construct based?
- The registered office is at Drève des Bouleaux 8, 7090 Braine-le-Comte.Company details
- What does SEB Construct do?
- According to the KBO register, the main activity is other specialised construction activities (NACE 43990).
- What is the legal form of SEB Construct?
- SEB Construct is a private limited company (BV).
- When was SEB Construct founded?
- SEB Construct was founded on 23-05-2017.
- Is SEB Construct still active?
- Yes, SEB Construct is an active enterprise in the KBO register.
- How many employees does SEB Construct have?
- SEB Construct had an average of 1.8 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- What is the turnover of SEB Construct?
- The turnover in financial year 2024 is ≈ €290,000. This figure is estimated from the gross margin of €56,622 and 68 comparable companies (NACE 43990). It probably lies between €220,000 and €590,000.
- Is SEB Construct profitable?
- In financial year 2024, SEB Construct made a profit of €8,176.
- Where can I find the annual accounts of SEB Construct?
- SEB Construct filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
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