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SEBCLE

Active
Public limited companyfounded 199333 yrs activeRue des Arquebusiers 2, 7000 Mons, BelgiumKBO/BCE: BE 0450.239.554
Summary

SEBCLE has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.68M and a net result of €136k. Equity is growing by ~8.9% per year across the filed fiscal years. Its solvency ranks better than 62% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability69▼-2
Solvency72▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €270k at 30 days acceptable
Liquidity short (current ratio 0.28 against 0.19 in 2024; short-term debt: 26.5% and cash: 6.9% of total assets), and 53.5% of the assets are financed with debt.
Credit check for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 33 years 0 40 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
46.5%
Return on assets
1.7%
Age of the figures
9 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
26 d late
2024
28 d late
2023
30 d late
2022
30 d late
2021
31 d late
2020
31 d late
2019
90 d late
← before the deadline after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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 2025, abbreviated schema

Equity
€3.68M▲ 3.8%
2024 · €3.54M
2018: €2.05Mlowest in 8 years 2019: €2.08M▲ +1.6% vs 2018 2020: €2.57M▲ +23.6% vs 2019 2021: €2.73M▲ +6.2% vs 2020 2022: €2.81M▲ +3.1% vs 2021 2023: €3.38M▲ +20.2% vs 2022 2024: €3.54M▲ +4.7% vs 2023 2025: €3.68M▲ +3.8% vs 2024highest in 8 years
2018 → 2025
Total assets
€7.90M▼ 1.2%
2024 · €8.00M
2018: €4.94M 2019: €4.83M▼ -2.2% vs 2018lowest in 8 years 2020: €6.40M▲ +32.4% vs 2019 2021: €7.47M▲ +16.7% vs 2020 2022: €8.16M▲ +9.3% vs 2021 2023: €8.98M▲ +10.0% vs 2022highest in 8 years 2024: €8.00M▼ -10.9% vs 2023 2025: €7.90M▼ -1.2% vs 2024
2018 → 2025
Net result
€136k▼ 14.3%
2024 · €159k
2018: €286k 2019: €33k▼ -88.4% vs 2018lowest in 8 years 2020: €490k▲ +1373% vs 2019 2021: €159k▼ -67.5% vs 2020 2022: €85k▼ -46.9% vs 2021 2023: €568k▲ +571% vs 2022highest in 8 years 2024: €159k▼ -72.1% vs 2023 2025: €136k▼ -14.3% vs 2024
2018 → 2025
Working capital
€-1.51M▲ 20.7%
2024 · €-1.90M
2018: €-333khighest in 8 years 2019: €-730k▼ -119% vs 2018 2020: €-2.28M▼ -212% vs 2019 2021: €-2.27M▲ +0.6% vs 2020 2022: €-3.07M▼ -35.5% vs 2021lowest in 8 years 2023: €-2.29M▲ +25.5% vs 2022 2024: €-1.90M▲ +17.0% vs 2023 2025: €-1.51M▲ +20.7% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Equity€2.73M-€2.81M▲ 3.1%€3.38M▲ 20.2%€3.54M▲ 4.7%€3.68M▲ 3.8% 2021: €2.73Mlowest in 5 years 2022: €2.81M▲ +3.1% vs 2021 2023: €3.38M▲ +20.2% vs 2022 2024: €3.54M▲ +4.7% vs 2023 2025: €3.68M▲ +3.8% vs 2024highest in 5 years
Operating result€225k-€169k▼ 24.9%€835k▲ 395%€301k▼ 63.9%€271k▼ 10.1% 2021: €225k 2022: €169k▼ -24.9% vs 2021lowest in 5 years 2023: €835k▲ +395% vs 2022highest in 5 years 2024: €301k▼ -63.9% vs 2023 2025: €271k▼ -10.1% vs 2024
Net result€159k-€85k▼ 46.9%€568k▲ 571%€159k▼ 72.1%€136k▼ 14.3% 2021: €159k 2022: €85k▼ -46.9% vs 2021lowest in 5 years 2023: €568k▲ +571% vs 2022highest in 5 years 2024: €159k▼ -72.1% vs 2023 2025: €136k▼ -14.3% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€250k€500k€750kOperating result 2021: €225k€225kNet result 2021: €159k€159kOperating result 2022: €169k€169kNet result 2022: €85k€85kOperating result 2023: €835k€835kNet result 2023: €568k€568kOperating result 2024: €301k€301kNet result 2024: €159k€159kOperating result 2025: €271k€271kNet result 2025: €136k€136k20212022202320242025€0€250k€500k€750kOperating result 2023: €835k€835kNet result 2023: €568k€568kOperating result 2024: €301k€301kNet result 2024: €159k€159kOperating result 2025: €271k€271kNet result 2025: €136k€136k202320242025
The operating result has fallen two years in a row; 2025 is 10% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.90M
Fixed assets €7.32M ▼ 3.0%
Current assets €587k ▲ 29.4%
Equity and liabilities €7.90M
Equity €3.68M ▲ 3.8%
Provisions €289k ▼ 4.8%
Debt €3.94M ▼ 5.2%
Debt's share of the balance-sheet total falls from 51.9% to 49.8%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€533k▼
2024 · €556k
Cash flow
€398k▼
2024 · €414k
Current ratio
0.28▲
2024 · 0.19
Debt to equity
1.07▼
2024 · 1.17
ROE
3.7%▼
2024 · 4.5%
ROA
1.7%▼
2024 · 2.0%
Interest coverage
5.74▼
2024 · 6.00
Debt ≤ 1 year
€2.09M▼
2024 · €2.35M
Debt > 1 year
€1.10M▼
2024 · €1.15M
Income taxes
€61k▼
2024 · €71k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet Code20242025
Assets
Total assets20/58€8.00M€7.90M▼
Fixed assets21/28€7.55M€7.32M▼
Tangible fixed assets22/27€7.55M€7.32M▼
Land and buildings22€7.52M€7.30M▼
Plant, machinery and equipment23€23k€20k▼
Current assets29/58€454k€587k▲
Amounts receivable within one year40/41€8k€24k▲
Other amounts receivable41€8k€24k▲
Cash at bank and in hand54/58€423k€544k▲
Deferred charges and accrued income490/1€22k€19k▼
Equity and liabilities
Total equity and liabilities10/49€8.00M€7.90M▼
Equity10/15€3.54M€3.68M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€918k€874k▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€911k€868k▼
Profit (loss) carried forward14€2.56M€2.74M▲
Provisions and deferred taxes16€304k€289k▼
Deferred taxes168€304k€289k▼
Amounts payable17/49€4.15M€3.94M▼
Amounts payable after more than one year17€1.15M€1.10M▼
Financial debts170/4€1.15M€1.10M▼
Amounts payable within one year42/48€2.35M€2.09M▼
Trade debts44€32k€34k▲
Suppliers440/4€32k€34k▲
Taxes, remuneration and social security45€31k€31k▲
Taxes450/3€31k€31k▲
Other amounts payable47/48€2.29M€2.03M▼
Accrued charges and deferred income492/3€652k€744k▲
Income statement Code20242025
Non-recurring operating income76A-€2k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€255k€262k▲
Other operating charges640/8€102k€130k▲
Gross operating margin9900€658k€663k▲
Operating profit (loss)9901€301k€271k▼
Financial income75/76B€7k€4k▼
Recurring financial income75€7k€4k▼
Financial charges65/66B€93k€93k▲
Recurring financial charges65€93k€93k▲
Profit (loss) for the period before taxes9903€215k€182k▼
Transfer from deferred taxes780€15k€15k=
Income taxes67/77€71k€61k▼
Profit (loss) for the period9904€159k€136k▼
Transfer from tax-exempt reserves789€44k€44k=
Profit (loss) for the period to be appropriated9905€203k€180k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2.56M€2.74M▲
Profit (loss) brought forward from the previous period14P€2.36M€2.56M▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Accounts by statement
Line20212022202320242025Change
Non-recurring operating income76A--€575k-€2k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€236k€410k€312k€255k€262k▲ 2.8%
Other operating charges640/8€72k€64k€75k€102k€130k▲ 27.3%
Gross operating margin9900€533k€643k€1.22M€658k€663k▲ 0.7%
Operating profit (loss)9901€225k€169k€835k€301k€271k▼ 10.1%
Financial income75/76B€7k€155€1k€7k€4k▼ 35.1%
Recurring financial income75€7k€155€1k€7k€4k▼ 35.1%
Financial charges65/66B€82k€94k€94k€93k€93k▲ 0.1%
Recurring financial charges65€82k€94k€94k€93k€93k▲ 0.1%
Profit (loss) for the period before taxes9903€150k€75k€743k€215k€182k▼ 15.3%
Transfer from deferred taxes780€10k€10k€24k€15k€15k=
Transfer to deferred taxes680--€144k---
Income taxes67/77--€55k€71k€61k▼ 14.3%
Profit (loss) for the period9904€159k€85k€568k€159k€136k▼ 14.3%
Transfer from tax-exempt reserves789€29k€29k€73k€44k€44k=
Transfer to tax-exempt reserves689--€431k---
Profit (loss) for the period to be appropriated9905€189k€114k€209k€203k€180k▼ 11.2%
Line20212022202320242025Change
Assets
Total assets20/58€7.47M€8.16M€8.98M€8.00M€7.90M▼ 1.2%
Fixed assets21/28€6.75M€7.72M€7.72M€7.55M€7.32M▼ 3.0%
Tangible fixed assets22/27€6.75M€7.72M€7.72M€7.55M€7.32M▼ 3.0%
Land and buildings22€6.73M€7.70M€7.69M€7.52M€7.30M▼ 3.0%
Plant, machinery and equipment23€22k€20k€27k€23k€20k▼ 14.2%
Current assets29/58€721k€443k€1.26M€454k€587k▲ 29.4%
Amounts receivable within one year40/41€26k€155€31k€8k€24k▲ 193%
Trade receivables40--€23k---
Other amounts receivable41€26k€155€8k€8k€24k▲ 193%
Cash at bank and in hand54/58€679k€417k€1.20M€423k€544k▲ 28.6%
Deferred charges and accrued income490/1€15k€26k€29k€22k€19k▼ 14.4%
Equity and liabilities
Total equity and liabilities10/49€7.47M€8.16M€8.98M€8.00M€7.90M▼ 1.2%
Equity10/15€2.73M€2.81M€3.38M€3.54M€3.68M▲ 3.8%
Contributions10/11€62k€62k€62k€62k€62k=
Capital10€62k€62k€62k€62k€62k=
Issued capital100€62k€62k€62k€62k€62k=
Reserves13€632k€603k€961k€918k€874k▼ 4.8%
Non-distributable reserves130/1€6k€6k€6k€6k€6k=
Legal reserve130€6k€6k€6k€6k€6k=
Tax-exempt reserves132€626k€597k€955k€911k€868k▼ 4.8%
Profit (loss) carried forward14€2.04M€2.15M€2.36M€2.56M€2.74M▲ 7.0%
Provisions and deferred taxes16€209k€199k€318k€304k€289k▼ 4.8%
Deferred taxes168€209k€199k€318k€304k€289k▼ 4.8%
Amounts payable17/49€4.53M€5.15M€5.28M€4.15M€3.94M▼ 5.2%
Amounts payable after more than one year17€1.17M€1.17M€1.17M€1.15M€1.10M▼ 4.3%
Financial debts170/4€1.17M€1.17M€1.17M€1.15M€1.10M▼ 4.3%
Amounts payable within one year42/48€2.99M€3.51M€3.55M€2.35M€2.09M▼ 11.0%
Trade debts44€68k€11€30k€32k€34k▲ 7.8%
Suppliers440/4€68k€11€30k€32k€34k▲ 7.8%
Taxes, remuneration and social security45€6k€12k€11k€31k€31k▲ 0.3%
Taxes450/3€6k€12k€11k€31k€31k▲ 0.3%
Other amounts payable47/48€2.91M€3.50M€3.51M€2.29M€2.03M▼ 11.4%
Accrued charges and deferred income492/3€372k€466k€559k€652k€744k▲ 14.1%
Line20212022202320242025Change
Profit (loss) for the period9904€159k€85k€568k€159k€136k▼ 14.3%
+ Depreciation and write-downs630€236k€410k€312k€255k€262k▲ 2.8%
Operating cash flow (approximation)€395k€495k€880k€414k€398k▼ 3.7%
Investment in fixed assets (approximation)-€-1.38M€-308k€-84k€-33k▲ 61.1%
Change in cash-€-262k€785k€-779k€121k▲ 116%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
04-09
State Gazette act Statutes amendment · Miscellaneous
3 facts ▸
  • General meeting, 27-08-2026
  • Statutes amendment, 15
  • Board meeting, statute coordination mission, toutes les décisions ont été prises à l'unanimité des voix
31-08
State Gazette act Reappointments: BORLEC HOLDING (director) and LEC RIVAIN AGNES (director)
Appointment: BORLEC HOLDING (managing director) · Permanent representative: BORGNO CARLO · Mandate compensation7 facts ▸
  • General meeting, 25-05-2025
  • Director reappointment, BORLEC HOLDING (director)
  • Director reappointment, LEC RIVAIN AGNES (director)
  • Mandate compensation, BORLEC HOLDING
  • Mandate compensation, LEC RIVAIN AGNES
  • Director appointment, BORLEC HOLDING (managing director)
  • Permanent representative, BORGNO CARLO
26-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
2025
28-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
30-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial Highest result since 2018net €568k ▲571%
Operating result €835k, net result €568k, both a record.
30-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-08
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
29-10
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
31-12
Financial Weakest financial yearnet €33k ▼88.4%
Net result drops to €33k, the lowest in the series; recovery starts the following year.
30-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
30-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
31-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 7 acts read
About the unread acts

Of the 7 Belgian State Gazette acts we know for this company, 2 have been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
2 directors, last change in 2025
BORLEC HOLDING
Managing director · since 25-05-2025 · Public limited company · perm. rep.: BORGNO CARLO
Current
25-05-2025 BORLEC HOLDING: Appointed as Managing director
Not every act has been read: a resignation may be missing here
5 of this company's 7 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Mons · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
5,067 m²
Building footprint
803 m²
Volume, LiDAR
6,106 m³
Parcel 53053H1120/00K000, Wallonia · tallest building 14.1 m, ±2 floors. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 establishment unit
Rue des Arquebusiers 2, 7000 Mons
Renting and operating of own or leased residential real estate, excluding social housing
since 20232.372.944.256
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
53053H1120/00K000 Wallonia 5,067 m² 1 · 803 m² 14.1 m · 2 fl.
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.

Articles of association

Who signs
“3° L’organe d’administration collégial peut révoquer en tout temps les personnes mentionnées aux alinéas qui précèdent. 4° Il fixe les attributions, les pouvoirs et les rémunérations fixes ou variables, imputées sur les frais généraux, des personnes à qui il confère des délégations. J/…”
Full text

3° L’organe d’administration collégial peut révoquer en tout temps les personnes mentionnées aux alinéas qui précèdent. 4° Il fixe les attributions, les pouvoirs et les rémunérations fixes ou variables, imputées sur les frais généraux, des personnes à qui il confère des délégations. J/ Représentation de la société La société est représentée en ce compris dans les actes et en justice par deux administrateurs agissant conjointement ou par un administrateur délégué agissant seul. Ces représentants n'ont pas à justifier vis-à-vis des tiers d'une décision préalable de l’organe d’ administration collégial. En outre, la société est valablement engagée par des mandataires spéciaux dans les limites de leur mandat. »

Other provisions of the articles (19)
  • Board rule: durée indéterminée, administrateur unique
  • Board rule: organe d'administration collégial, s'il n'y a que deux actionnaires, l'organe peut être limité à deux membres
  • Board rule: fixée par l'assemblée générale lors de leur nomination, renouvelables pour une durée illimitée
  • Board rule: le mandat des administrateurs sortants qui ne sont pas réélus cesse immédiatement après l'assemblée générale qui a procédé à la réélection, les administrateurs…
  • Board rule: faculté de déléguer une partie de ces pouvoirs, les dispositions des présents statuts qui renvoient au conseil d'administration peuvent être lues comme renvoyan…
  • Board rule: nommé pour le temps nécessaire à l'achèvement du mandat de l'administrateur qu'il remplace, en cas de vacance par suite de décès, démission ou autre cause, les…
  • Board meeting (4)
  • Board meeting: tout administrateur peut donner par écrit, par tout moyen de transmission, délégation à un de ses collègues pour le représenter à une réunion du conseil et y vo…
  • Board rule: dans le cadre de l'objet de la société, a tous pouvoirs d'agir au nom de la société et d'accomplir tous les actes nécessaires ou utiles à la réalisation de l'ob…
  • Other statement (2)
  • Board rule (3)
  • Board rule: la gestion journalière de la société comprend tous les actes et les décisions qui n'excèdent pas les besoins de la vie quotidienne de la société ainsi que les a…
  • Board rule: il fixe les attributions, les pouvoirs et les rémunérations fixes ou variables, imputées sur les frais généraux, des personnes à qui il confère des délégations,…

Structure & network

Connections & network

1 connected company
Linked via shared directors
HAINAUT CREMATION
Shared corporate director
→

Similar companies · same sector, comparable size

Of 12,020 companies in sector 68203 we hold annual accounts for 5,986. 3,009 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded02-06-1993
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
68201Renting and operating of own or leased residential real estate, excluding social housing

Scores and ratios are computed by Checked and are not a credit decision.