Active BE 0668.431.849Private limited company

SEB Development

Guimardstraat 18 ·1040 Brussel, Belgium· 9 yrs active

Sector: Ontwikkeling van residentiële bouwprojecten (68121)

Conclusion Checked

The computed 12-month bankruptcy probability of SEB Development is 0.6% (low). The 2025 annual accounts show equity of €306k and a net result of €-85k. The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 1 annual account.

Key figures

Equity	€306k
Net result	€-85k
Active	9 yrs
Board	2

Financial profile 4 of 5 axes measured · computed by Checked

60 / 100

Strong profile, led by solvency.

Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.

Health 55

Profitability 0

Solvency 100

Growth -

Stability 85

Bankruptcy probability (12 mo) Checked model v1 · free

0.6% Low

0%0,5%1,5%4%10%≥25%

Higher-failure-rate region +Lower-failure-rate sector −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2016, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2025 · computed

55 / 100 Fair

050100

Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview9 NBB filings

Annual accounts filed on 29-07-2026 with the NBB · fiscal year 2025 · verkort

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	verkort
Revenue	-
EBITDA	€-84k
Net profit	€-85k
Cash flow	€-85k
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€417k
Equity	€306k
Debt	€110k
of which ≤ 1y	€82k
of which > 1y	€23k
Working capital	€334k
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	5.05
Quick ratio	5.05
Working capital ratio	80.2%
Solvency	73.6%
Debt / equity	0.36
Long-term debt ratio	0.08
Interest coverage	-187.49
Gross margin	-
Net margin	-
ROA	-20.4%
ROE	-27.7%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Equity & liabilities

Equity €306k · 73.6% Debt €110k · 26.4%

Full annual accounts (22 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€417k
Fixed assets	21/28	€0
Formation expenses	20	€0
Intangible fixed assets	21	€0
Current assets	29/58	€417k
Amounts receivable within one year	40/41	€387k
Cash & bank	54/58	€29k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€417k
Equity	10/15	€306k
Contributions / capital	10/11	€300k
Reserves	13	€30k
Accumulated profits (losses)	14	€-24k
Amounts payable	17/49	€110k
Amounts payable after one year	17	€23k
Amounts payable within one year	42/48	€82k
Trade debts payable within one year	44	€82k
Income statement
Gross operating margin	9900	€-70k
Operating result	9901	€-84k
Financial charges	65	€449
Result before taxes	9903	€-85k
Net result for the period	9904	€-85k
Result to be appropriated	9905	€-85k

Ratios computed by Checked.

Directors & mandates 3 directors

Current directors & mandates

Martine Lion
Director
State Gazette act 25082426 (02-07-2025)

Current
02-07-2025 → present
Scarfo SRLLegal entity
Director· perm. rep.: Adeline Simont
State Gazette act 25082426 (02-07-2025)

Current
02-07-2025 → present

Former directors (1)

Scarfo SRLLegal entity
Director
State Gazette act 25082426 (02-07-2025)

Former
- → 27-03-2025

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Legal Structure

NACE primary	Ontwikkeling van residentiële bouwprojecten(68121)
Legal form	Private limited company(610)
Incorporation	23-12-2016
Status	Active
Postal code	1040

Establishment units 1 location

SEB Development

Lloyd Georgelaan 7, 1000 BrusselOntwikkeling van residentiële bouwprojecten

since 20162.260.825.223

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21822R0229/00M003	Brussels	4,635 m²	1 · 2,770 m²	30.9 m · 8 fl.
21805E0197/00N000 ProtectedMonumentNeoclassicistisch huisSource ↗	Brussels	502 m²	1 · 502 m²	24.8 m · 6 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels 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 (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026

29-07-2026

NBB filing Annual accounts filed

fiscal year 2025 · verkort

2025

20-08-2025

NBB filing Annual accounts filed

fiscal year 2024 · volledig

02-07-2025

State Gazette act Director changes

2024

24-07-2024

NBB filing Annual accounts filed

fiscal year 2023 · volledig

2023

12-12-2023

State Gazette act Director changes

Frederic CONVENT

26-07-2023

NBB filing Annual accounts filed

fiscal year 2022 · volledig

2022

30-06-2022

NBB filing Annual accounts filed

fiscal year 2021 · volledig

2021

04-08-2021

NBB filing Annual accounts filed

fiscal year 2020 · volledig

2020

02-07-2020

NBB filing Annual accounts filed

fiscal year 2019 · volledig

2019

18-07-2019

NBB filing Annual accounts filed

fiscal year 2018 · volledig

2018

13-06-2018

NBB filing Annual accounts filed

fiscal year 2017 · volledig

Belgian State Gazette reading coverage 0 of 6 acts read

We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 2 acts

All acts · 2 updated 1 year ago

2025

02-07-2025 3 directors appointed, 1 resigning Director changes

Adeline Simont, Bestuurder
Martine Lion, Bestuurder
Martine Lion, Dagelijks bestuur
Scarfo SRL, Bestuurder

Original publication ↗

Technical details

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    "filing_date": "2025-06-25",
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}

2023

12-12-2023 Change in the board of directors Director changes·Frederic CONVENT

Notary: Frederic CONVENT · Ixelles

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Ontwikkeling van residentiële bouwprojecten68121Algemene bouw van residentiële gebouwen41001Algemene bouw van kantoorgebouwen41002Algemene bouw van andere niet-residentiële gebouwen41003Ontwikkeling van niet-residentiële bouwprojecten68122

Primary activity highlighted.

Names & trade names

Legal nameFR

SEB Development

Registered office

Guimardstraat 18

1040 Brussel, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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