SEBAELEC

Active

Private limited companyfounded 20197 yrs activeChaussée de Viesville 132, 6041 Charleroi, BelgiumKBO/BCE: BE 0722.948.918

The computed 12-month bankruptcy probability of SEBAELEC is 3.2% (moderate). The 2024 annual accounts show equity of €2k and a net result of €-4k. Equity is shrinking by ~71% per year across the filed fiscal years. Its solvency ranks better than 8% of 3570 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

30 / 100

Weak▲ +30 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability11▲+11

Solvency11▼-2

Growth36▲+9

Stability100

Bankruptcy probability, 12 months

3.2% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.95 against 0.98 in 2023), and 98.8% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

1.2%

Return on assets

-3.1%

Age of the figures

20 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Persistent losses

Two consecutive loss-making years (2023 and 2024); equity fell accordingly. May indicate structural pressure on profitability.

NBB · annual accounts 2024

Net result per financial year

21222324

2021 to 2024 · latest year -€4k

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 3570 sector peers (2024).

NBB · sector comparison

Position among 3570 sector peers

Solvency

better than 8%

← weakest strongest →

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 24-03-2026, 236 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 · 6 filings

Deviation from the deadline

2025

not confirmed

2024

236 d late

2023

90 d late

2022

64 d late

2021

87 d late

2020

88 d late

2019

122 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, full schema

Turnover

€498k▲ 22.7%

2023 · €406k

2021: €452k 2022: €550k 2023: €406k

2021 → 2024

EBIT margin

1.0%▲ 16.4pp

2023 · -15.4%

2021: 0.6% 2022: 1.6% 2023: -15.4%

2021 → 2024

Net result

€-4k▲ 93.5%

2023 · €-64k

2021: €4k 2022: €4k 2023: €-64k

2021 → 2024

Working capital

€-7k▼ 54.2%

2023 · €-4k

2021: €55k 2022: €61k 2023: €-4k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Turnover€452k-€550k▲ 21.7%€406k▼ 26.2%€498k▲ 22.7%

Equity€66k-€70k▲ 5.5%€6k▼ 91.6%€2k▼ 71.4%

Operating result€3k-€9k▲ 220%€-62k€5k

Net result€4k-€4k▼ 10.3%€-64k€-4k▲ 93.5%

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2024: €5k after a loss of €62k in 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €135k

92.8%

Fixed assets €10k▼ 36.9%

Current assets €126k▼ 36.0%

Equity and liabilities €135k

98.8%

Equity €2k▼ 71.4%

Debt €134k▼ 35.1%

The debt ratio rises from 97.2% to 98.8%: equity shrinks faster than debt is paid down.

Key figures and ratios

2024 value · change against 2023

EBITDA

€11k▲

2023 · €-57k

Cash flow

€2k▲

2023 · €-58k

Solvency

1.2%▼

2023 · 2.8%

Current ratio

0.95▼

2023 · 0.98

Quick ratio

0.70▼

2023 · 0.83

Debt / equity

79.82▲

2023 · 35.21

ROE

-249.3%▲

2023 · -1091.8%

ROA

-3.1%▲

2023 · -30.2%

Interest coverage

1.81▲

2023 · -21.61

Debt

€134k▼

2023 · €206k

Debt ≤ 1 year

€132k▼

2023 · €201k

Debt > 1 year

€711▼

2023 · €5k

Income taxes

€5k▲

2023 · €-163

Staff costs

€149k▲

2023 · €140k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Total assets 20/58€212k€135k▼

Fixed assets 21/28€15k€10k▼

Formation expenses 20-€0

Tangible fixed assets 22/27€13k€7k▼

Financial fixed assets 28€2k€2k=

Current assets 29/58€196k€126k▼

Stocks & contracts in progress 3€29k€33k▲

Amounts receivable within one year 40/41€166k€87k▼

Total equity & liabilities 10/49€212k€135k▼

Equity 10/15€6k€2k▼

Contributions / capital 10/11€19k€19k=

Reserves 13€2k€2k=

Accumulated profits (losses) 14€-15k€-19k▼

Amounts payable 17/49€206k€134k▼

Amounts payable after one year 17€5k€711▼

Amounts payable within one year 42/48€201k€132k▼

Trade debts payable within one year 44€142k€71k▼

Income statement Code20232024

Turnover 70€406k€498k▲

Gross operating margin 9900€86k€180k▲

Operating result 9901€-62k€5k▲

Financial income 75€1k€1k▲

Financial charges 65€3k€6k▲

Result before taxes 9903€-64k€518▲

Income taxes 67/77€-163€5k▲

Net result for the period 9904€-64k€-4k▲

Result to be appropriated 9905€-64k€-4k▲

Timeline · acts, filings and financial milestones

All 8Financial 1Gazette 1Filings 6

2026

24-03

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 236 days late

2024

29-10

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 90 days late

2023

31-12

Financial Weakest financial yearnet €-64k ▼1863%

Net result drops to €-64k, the lowest in the series; recovery starts the following year.

03-10

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 64 days late

26-04

State Gazette act Director changes

Adeline Vanpée

2022

26-10

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 87 days late

2021

27-10

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 88 days late

2020

30-11

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 122 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

1 of 2 acts read

About the unread acts

Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.

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