SEB Development
ActiveSummary
SEB Development has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €306,450 and a net result of -€84,871. Equity has been growing by about 6.2% per year since 2018. Its solvency ranks better than 81% of 11,261 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 23-12-2016 Normal situation
- Registered office
- 34 active companies are registered at this address 3 started in the 12 months before. Source: KBO register, as of 3 November 2026.
- Activity
- Development of residential building projects NACE 68121and 4 others
- Establishment unit
- 2.260.825.223 1000 Brussel, since 23-12-2016
- Financial year end
- 31 December
- Peppol
- Reachable
Board and ownership
Board
- BELGIAN LAND SRLDirector · since 23-12-2016
- Adeline SimontDirector · since 27-03-2025
Shareholders
- BELGIAN LAND100%2025 annual accounts of BELGIAN LAND
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.8%
Annual accounts 2025
- Gross margin
- -€69,706
- ▲ 0.9%
- Loss
- €84,871
- ▲ 18.3%
- Equity
- €306,450
- ▼ 21.7%
- Total assets
- €416,523
- ▼ 1.1%
Score breakdownraises risk1 change of registered office in 24 monthsLoss of €84,871, the second in a row (financial year 2025)lowers riskSize: total assets €416,523Sector: Real estate activities (NACE 68)Show the evidence
Checked score
Score 2025
68
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 41% of micro companies in real estate (NACE 68)
Financial strength · tick: 2024
Average
Solvency
99-1
equity 73.6% of total assets
Liquidity
53-37
short-term debt 19.8% · cash 7.0%
Profitability
0=
return on assets -20.4%
Bankruptcy probability within 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.2%▲ +0.1 percentage points vs 06-2025
08-2025: 0.8%▲ +0.6 percentage points vs 07-2025highest value
09-2025: 0.3%▼ -0.5 percentage points vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.4%▲ +0.1 percentage points vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 0.8%▲ +0.4 percentage points vs 07-2026
09-2026: 0.8%● unchanged vs 08-2026
10-2026: 0.8%● unchanged vs 09-2026
11-2026: 0.8%● unchanged vs 10-2026
Credit of up to €20,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 5.05, above the usual 1.5. Short-term debt is 19.8% and cash 7% of total assets. 26.4% of the assets are financed with debt and provisions.
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 68, micro). It does better than 80% of them on solvency, 61% on liquidity, 4% on profitability and 20% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
Credit check for an amount and term of your choice
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.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€84,871
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
2 days early
2024
20 days late
2023
7 days early
2022
5 days early
2021
31 days early
2020
4 days late
2019
29 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 7 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 26 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 29-07-2026 at the NBB all 9 filings
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€84,871▼ 18.3%
2024 · -€71,723
Working capital
€334,119▼ 20.2%
2024 · €418,763
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€84,422
▼ 18.4%
2025
20182025
Net result
-€84,871
▼ 18.3%
2025
lowest quarter of the sector
20182025
Equity
€306,450
▼ 21.7%
2025
middle half of the sector
20182025
Total assets
€416,523
▼ 1.1%
2025
lowest quarter of the sector
20182025
Debt
€110,073
▲ 269%
2025
20182025
Working capital
€334,119
▼ 20.2%
2025
middle half of the sector
20182025
Solvency
73.6%
▼ 19.3pp
2025
highest quarter of the sector
20182025
Current ratio
5.05
2025
highest quarter of the sector
20182025
Return on assets (ROA)
-20.4%
▼ 3.3pp
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€0.006m--€0.01m▼ 79.5%€0.04m€1.9m▲ 50×€0.07m▼ 96.0%-€0.07m-€0.07m▲ 0.6%-€0.08m▼ 18.4%
Net result-€0.05m--€0.07m▼ 27.0%-€0.03mbelow the sector's middle half▲ 62.9%€1.4mabove the sector's middle half€0.03mwithin the sector's middle half▼ 97.4%-€0.06mbelow the sector's middle half-€0.07mbelow the sector's middle half▼ 10.9%-€0.08mbelow the sector's middle half▼ 18.3%
Equity€0.2m-€0.2m▼ 29.2%€0.1mwithin the sector's middle half▼ 15.3%€1.5mwithin the sector's middle half▲ 950%€0.5mwithin the sector's middle half▼ 64.7%€0.5mwithin the sector's middle half▼ 12.3%€0.4mwithin the sector's middle half▼ 15.5%€0.3mwithin the sector's middle half▼ 21.7%
Total assets€1.8m-€1.9m▲ 5.1%€2.1mwithin the sector's middle half▲ 8.8%€4.9mwithin the sector's middle half▲ 135%€1.6mwithin the sector's middle half▼ 67.9%€0.6mbelow the sector's middle half▼ 64.4%€0.4mbelow the sector's middle half▼ 24.7%€0.4mbelow the sector's middle half▼ 1.1%
Debt€1.6m-€1.7m▲ 10.3%€1.9m▲ 11.2%€3.4m▲ 75.3%€1.0m▼ 69.3%€0.1m▼ 90.8%€0.03m▼ 68.9%€0.1m▲ 269%
Working capital€1.5m-€1.8m▲ 23.8%€2.0mabove the sector's middle half▲ 6.6%€4.5mabove the sector's middle half▲ 131%€0.6mwithin the sector's middle half▼ 87.7%€0.5mwithin the sector's middle half▼ 11.6%€0.4mwithin the sector's middle half▼ 14.6%€0.3mwithin the sector's middle half▼ 20.2%
Solvency13.0%-8.8%▼ 4.3pp6.8%below the sector's middle half▼ 1.9pp30.5%within the sector's middle half▲ 23.7pp33.6%within the sector's middle half▲ 3.1pp82.8%above the sector's middle half▲ 49.2pp92.9%above the sector's middle half▲ 10.1pp73.6%above the sector's middle half▼ 19.3pp
Current ratio5.42-24.06▲ 18.6415.83above the sector's middle half▼ 8.2212.80above the sector's middle half▼ 3.041.55within the sector's middle half▼ 11.258.17above the sector's middle half▲ 6.625.05above the sector's middle half
Return on assets (ROA)-3.0%--3.6%▼ 0.6pp-1.2%within the sector's middle half▲ 2.4pp27.6%above the sector's middle half▲ 28.8pp2.2%within the sector's middle half▼ 25.4pp-11.6%below the sector's middle half▼ 13.8pp-17.0%below the sector's middle half▼ 5.5pp-20.4%below the sector's middle half▼ 3.3pp
above
within
below
The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €84,422, larger than the loss of €71,303 in 2024. It is the lowest result since 2021.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €416,523
Equity
€306,450 ▼ 21.7%
Debt
€110,073 ▲ 269%
Debt's share of the balance-sheet total rises from 7.1% to 26.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€84,195
Cash flow
-€84,644
Debt to equity
0.36▲
2024 · 0.08
ROE
-27.7%▼
2024 · -18.3%
Interest coverage
-187.49
Debt ≤ 1 year
€82,404▲
2024 · €2,175
Debt > 1 year
€23,032=
2024 · €23,032
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | - | - | €0.07m | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.003m | €0.003m | €0.003m | €0.002m | €329 | - | - | €228 | - |
| Other operating charges640/8 | - | - | - | €0.01m | €0.001m | €0.001m | €0.001m | €0.01m | ▲ 15× |
| Gross operating margin9900 | -€0.003m | -€0.003m | €0.04m | €1.9m | €0.08m | -€0.07m | -€0.07m | -€0.07m | ▲ 0.9% |
| Operating profit (loss)9901 | -€0.006m | -€0.01m | €0.04m | €1.9m | €0.07m | -€0.07m | -€0.07m | -€0.08m | ▼ 18.4% |
| Financial income75/76B | - | - | - | €0.03m | €0.03m | €0.007m | - | - | - |
| Recurring financial income75 | - | - | - | €0.03m | €0.03m | €0.007m | - | - | - |
| Financial charges65/66B | - | - | - | €0.1m | €0.05m | €410 | €420 | €449 | ▲ 6.9% |
| Recurring financial charges65 | €0.05m | €0.06m | €0.06m | €0.1m | €0.05m | €410 | €420 | €449 | ▲ 6.9% |
| Profit (loss) for the period before taxes9903 | -€0.05m | -€0.07m | -€0.03m | €1.8m | €0.05m | -€0.07m | -€0.07m | -€0.08m | ▼ 18.3% |
| Income taxes67/77 | - | - | - | €0.4m | €0.01m | -€353 | - | - | - |
| Profit (loss) for the period9904 | -€0.05m | -€0.07m | -€0.03m | €1.4m | €0.03m | -€0.06m | -€0.07m | -€0.08m | ▼ 18.3% |
| Profit (loss) for the period to be appropriated9905 | -€0.05m | -€0.07m | -€0.03m | €1.4m | €0.03m | -€0.06m | -€0.07m | -€0.08m | ▼ 18.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.8m | €1.9m | €2.1m | €4.9m | €1.6m | €0.6m | €0.4m | €0.4m | ▼ 1.1% |
| Formation expenses20 | €0.002m | €0.001m | €0.001m | €273 | €258 | €258 | €228 | €0 | ▼ 100% |
| Fixed assets21/28 | €0.007m | €0.004m | €0.002m | €314 | - | - | - | €0 | - |
| Intangible fixed assets21 | €0.007m | €0.004m | €0.002m | €314 | - | - | - | €0 | - |
| Current assets29/58 | €1.8m | €1.9m | €2.1m | €4.9m | €1.6m | €0.6m | €0.4m | €0.4m | ▼ 1.0% |
| Stocks and contracts in progress3 | €1.7m | €1.8m | €1.8m | €0.4m | - | - | - | - | - |
| Stocks30/36 | - | - | - | €0.4m | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0.05m | €0.1m | €0.3m | €3.4m | €1.4m | €0.4m | €0.3m | €0.4m | ▲ 35.1% |
| Trade receivables40 | - | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Other amounts receivable41 | - | - | - | €3.4m | €1.2m | €0.1m | €0.04m | €0.1m | ▲ 224% |
| Cash at bank and in hand54/58 | €0.02m | €0.01m | €0.05m | €1.1m | €0.2m | €0.2m | €0.1m | €0.03m | ▼ 78.3% |
| Deferred charges and accrued income490/1 | - | - | - | €0.03m | - | - | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.8m | €1.9m | €2.1m | €4.9m | €1.6m | €0.6m | €0.4m | €0.4m | ▼ 1.1% |
| Equity10/15 | €0.2m | €0.2m | €0.1m | €1.5m | €0.5m | €0.5m | €0.4m | €0.3m | ▼ 21.7% |
| Contributions10/11 | €0.3m | €0.3m | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Reserves13 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Non-distributable reserves130/1 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Reserves not available under the articles1311 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Profit (loss) carried forward14 | -€0.06m | -€0.1m | -€0.2m | €1.2m | €0.2m | €0.1m | €0.06m | -€0.02m | - |
| Amounts payable17/49 | €1.6m | €1.7m | €1.9m | €3.4m | €1.0m | €0.1m | €0.03m | €0.1m | ▲ 269% |
| Amounts payable after more than one year17 | €1.2m | €1.5m | €1.6m | €2.7m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Financial debts170/4 | - | - | - | €2.7m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Amounts payable within one year42/48 | €0.3m | €0.08m | €0.1m | €0.4m | €1.0m | €0.07m | €0.002m | €0.08m | ▲ 38× |
| Trade debts44 | €0.3m | €0.08m | €0.1m | €0.1m | €0.003m | €0.07m | €0.002m | €0.08m | ▲ 38× |
| Suppliers440/4 | - | - | - | €0.1m | €0.003m | €0.07m | €0.002m | €0.08m | ▲ 38× |
| Taxes, remuneration and social security45 | - | - | - | €0.3m | €0.01m | - | - | - | - |
| Taxes450/3 | - | - | - | €0.3m | €0.01m | - | - | - | - |
| Other amounts payable47/48 | - | - | - | - | €1.0m | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.3m | €0.005m | €0.005m | €0.005m | €0.005m | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.05m | -€0.07m | -€0.03m | €1.4m | €0.03m | -€0.06m | -€0.07m | -€0.08m | ▼ 18.3% |
| + Depreciation and write-downs630 | €0.003m | €0.003m | €0.003m | €0.002m | €329 | - | - | €228 | - |
| Operating cash flow (approximation) | -€0.05m | -€0.07m | -€0.02m | €1.4m | €0.04m | -€0.06m | -€0.07m | -€0.08m | ▼ 18.0% |
| Investment in fixed assets (approximation) | - | -€0.001m | -€0.001m | -€0.001m | - | - | - | - | - |
| Change in cash | - | -€0.01m | €0.04m | €1.1m | -€0.9m | €0.03m | -€0.06m | -€0.1m | ▼ 69.9% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,591 companies had the same profile as SEB Development has now. Two years later, 87.4% were still going and 3.0% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
87.4%
was still going
9.4%
stopped otherwise
3.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SEB Development itself: 0.8% within 12 months.
Test of the method
The method was tested on the 497,446 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 3,591 companies, not a prediction for SEB Development. 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.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 29-07-2026 | 2026-00385267 | |
| 31-12-2024 | full format | 20-08-2025 | 2025-00393540 | |
| 31-12-2023 | full format | 24-07-2024 | 2024-00283678 | |
| 31-12-2022 | full format | 26-07-2023 | 2023-00298548 | |
| 31-12-2021 | full format | 30-06-2022 | 2022-20136832 | |
| 31-12-2020 | full format | 04-08-2021 | 2021-46700507 | |
| 31-12-2019 | full format | 02-07-2020 | 2020-25500377 | |
| 31-12-2018 | full format | 18-07-2019 | 2019-36800084 | |
| 31-12-2017 | full format | 13-06-2018 | 2018-17900536 |
Board & ownership
Directors
Directors
2 directors, last change in 2025
BELGIAN LAND SRL
Current
Director · since 23-12-2016 · Legal entity · listed in the 2025 annual accounts, filed on 29-07-2026
Adeline Simont
Current
Director · since 27-03-2025 · also on the board of 14 other companies · listed in the 2025 annual accounts, filed on 29-07-2026
Owners and capital
Shareholders
1 ownerChain of control
- BELGIAN LAND
- SEB Development
Owners 1
- BELGIAN LANDparentEquity €26.7m Loss of €2.7m in 2025 (profit of €576,078 in 2024)100%
Capital transactions
Capital over time
- 12-12-2023 Converted to unavailable equity · €330,000
Mandate history
3 people, 2 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| BELGIAN LAND SRL |
|
| Adeline Simont |
|
| SCARFO |
|
Articles of association
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Moitié cédant moitié acquéreurs proportionnellement si plusieurs, mêmes formalités agrément si non de plein droit actionnaires”
Articles of association, deed of 12-12-2023 (in French)
Network & group
Companies at the same address
33 other companies- SDM Fund Registered office · since 2026 1038755677
- ASTERIA FUND Registered office · since 2026 1034709490
- FinFactor Global Investment Funds SICAV Registered office · since 2026 1033544403
- Trusted Institutional Fund Registered office · since 2025 1025029583
- PRESERVATION FUND SICAV Registered office · since 2024 1017989561
- LVO GLOBAL INSTITUTIONAL FUND Registered office · since 2022 0782603423
- Quaestor SICAV Registered office · since 2020 0750996170
- R-co WM RDT - DBI Registered office · since 2019 0739568778
- European Capital Partners UCITS Registered office · since 2019 0722587840
- Orban Finance Registered office · since 2018 0696644397
Connections & network
15 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
ANDEL
via Adeline Simont · Director
→
ATLANTIC CERTIFICATES
via Adeline Simont · Director
→
B&B Development
via Adeline Simont · Director
→
Belgian Land Properties
via Adeline Simont · Director
→
Show 11 more companies with a shared director
DEGROOF PETERCAM CORPORATE FINANCE
via Adeline Simont · Managing director
→
GLIDA IMMO
via Adeline Simont · Director
→
INCLUSIO
via Adeline Simont · Director
→
LES COLLINES DE WAVRE
via Adeline Simont · Director
→
PICARDIE INVEST
via Adeline Simont · Director
→
PRE DE LA PERCHE CONSTRUCTION
via Adeline Simont · Director
→
Sources Development
via Adeline Simont · Director
→
STOCKEL RESIDENCE CERTIFICATES
via Adeline Simont · Director
→
STOCKEL RESIDENCE INVESTMENT
via Adeline Simont · Director
→
AEDIFICA
via Adeline Simont · Administrateur non exécutif non indépendant
former→
Plantin Development
via Adeline Simont · Director
former→
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
29-07
abbreviated format · 2 days before the deadline
2025
31-12
Financial
Weakest financial yearnet -€84,871
The net result drops to -€84,871, the lowest from 2018 to 2025.
20-08
full format · 20 days late
02-07
Gazette deed
Registered office moved from Bruxelies to BruxellesNew seat: rue Guimard 18 à 1040 Bruxelles · Previous seat: Boulevard de Waterloo 16, 1000 Bruxelies · Resignation: Scarfo SRL (director)6 points ▸
Gazette deed
Registered office moved from Bruxelies to Bruxelles
New seat: rue Guimard 18 à 1040 Bruxelles · Previous seat: Boulevard de Waterloo 16, 1000 Bruxelies · Resignation: Scarfo SRL (director)6 points ▸
- General meeting, 13-05-2025
- Director resignation, Scarfo SRL (director)
- Permanent representative, Emilie Rousseaux
- Director appointment, Adeline Simont (director)
- Board meeting, 13-05-2025
- Registered-office move, rue Guimard 18 à 1040 Bruxelles
2024
31-12
Financial
Liquidity more than 23 timescurrent ratio 193.54
The current ratio rises from 8.17 to 193.54. Short-term debt falls from €68,400 to €2,175.
24-07
full format · 7 days before the deadline
2023
31-12
Financial
Liquidity more than 5 timescurrent ratio 8.17
The current ratio rises from 1.55 to 8.17. Short-term debt falls from €1.0m to €68,400.
12-12
Gazette deed
Permanent representatives: BOSMANS André Marie Pierre Ghislain Julien and ROUSSEAUX Emilie Johanne Marthe RégineAmendment of the articles · Capital conversion · Reserve release12 points ▸
Gazette deed
Permanent representatives: BOSMANS André Marie Pierre Ghislain Julien and ROUSSEAUX Emilie Johanne Marthe Régine
Amendment of the articles · Capital conversion · Reserve release12 points ▸
- General meeting, 28-11-2023
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “supprimer, rendre ces fonds disponibles pour distribution” (deed in French)
- Capital
- Board composition, BELGIAN LAND (director)
- Board composition, SCARFO (director)
- Permanent representative, BOSMANS André Marie Pierre Ghislain Julien
- Permanent representative, ROUSSEAUX Emilie Johanne Marthe Régine
- Registered office clause, “1000 Bruxelles, boulevard de Waterloo 16” (deed in French)
- Power of attorney
- Power of attorney, Frederic CONVENT
26-07
full format · 5 days before the deadline
2022
30-06
full format · 31 days before the deadline
2021
31-12
Financial
Back to profitnet €1.4m
The net result is €1.4m, after 3 loss-making years.
31-12
Financial
Equity above €1mequity €1.5m ▲950%
Equity rises from €142,162 to €1.5m.
Show earlier events
04-08
full format · 4 days late
2020
02-07
full format · 29 days before the deadline
2019
31-12
Financial
Liquidity more than quadruplescurrent ratio 24.06
The current ratio rises from 5.42 to 24.06. Short-term debt falls from €334,515 to €79,379.
18-07
full format · 13 days before the deadline
2018
13-06
full format · 48 days before the deadline
2016
28-12
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
SEB Development in French
Enterprise number
0668.431.849
Legal form
Private limited company
Status
Active, normale toestand
Founded
23-12-2016
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 12-12-2023 (in French)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Région de Bruxelles-Capitale, sièges administratifs,agences,ateliers,dépôts et succursales,tant en Belgique qu'à l'étranger,par simple…”
deed of 12-12-2023 (in French)Registered office and establishments
Registered office
Guimardstraat 18, 1040 Brussel, Belgium
1 former office
- Boulevard de Waterloo 16, 1000 Bruxelies until 13-05-2025 · act of 02-07-2025
Establishment unit
SEB Development, Lloyd Georgelaan 7, 1000 Brussel since 23-12-2016 · unit number 2.260.825.223
Activities
NACEBEL 202568121
Development of residential building projects main activity
41001
General construction of residential buildings
41002
General construction of office buildings
41003
General construction of other non-residential buildings
68122
Development of non-residential building projects
Codes under NACEBEL 2008
41101
Real estate development main activity
41102
Construction of residential and non-residential buildings
41201
General construction of buildings
41202
Construction of residential and non-residential buildings
41203
Construction of residential and non-residential buildings
Invoicing and payment
VAT number
BE 0668.431.849
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0668.431.849
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Wednesday of May at 15:00
deed of 12-12-2023 (in French)Sites & property
Location
Buildings and parcels at the addresses
Ground area
5,136 m²
Building footprint
3,272 m²
Building volume
59,875 m³
Tallest building: 30.9 m.
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21822R0229/00M003 | Brussels | 4,635 m² | 1 · 2,770 m² | 30.9 m · 8 |
| 21805E0197/00N000 | Brussels | 502 m² | 1 · 502 m² | 24.8 m · 6 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.