SEBCO
ActiveSummary
SEBCO has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19k and a net result of €431k. Equity is shrinking by ~6.2% per year across the filed fiscal years. Its solvency ranks better than 26% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency29▼-7
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 11.11 against 10.56 in 2024; short-term debt: 8.9% and cash: 86.6% of total assets), but 95.7% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers 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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
4.3%
Return on assets
100.2%
Age of the figures
9 mo
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 09-03-2026, 144 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
144 d early
2024
34 d early
2023
47 d early
2022
52 d early
2021
27 d early
2020
50 d early
2019
46 d early
← 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 monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€19k=
2024 · €19k
Total assets
€430k▲ 143%
2024 · €177k
Net result
€431k▲ 861%
2024 · €45k
Working capital
€387k▲ 150%
2024 · €154k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€38k▲ 32.0%€54k▲ 41.3%€56k▲ 4.1%€60k▲ 6.1%€108k▲ 81.2%
Net result€29k▲ 31.9%€40k▲ 39.6%€44k▲ 7.9%€45k▲ 2.9%€431k▲ 861%
Equity€23k▼ 66.5%€20k▼ 11.8%€19k▼ 9.1%€19k=€19k=
Total assets€97k▲ 31.4%€134k▲ 37.6%€167k▲ 25.2%€177k▲ 5.7%€430k▲ 143%
Debt€74k▲ 864%€113k▲ 53.2%€149k▲ 31.4%€158k▲ 6.4%€412k▲ 160%
Working capital€51k▼ 15.4%€74k▲ 47.0%€107k▲ 43.9%€154k▲ 44.7%€387k▲ 150%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 81% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €430k
Fixed assets
€5k ▼ 18.8%
Current assets
€425k ▲ 149%
Equity and liabilities €430k
Equity
€19k =
Debt
€412k ▲ 160%
Debt's share of the balance-sheet total rises from 89.5% to 95.7%. Debt is higher.
Key figures and ratios
EBITDA
€112k▲
2024 · €64k
Cash flow
€434k▲
2024 · €49k
Current ratio
11.11▲
2024 · 10.56
Debt to equity
22.13▲
2024 · 8.50
ROA
100.2%▲
2024 · 25.4%
Interest coverage
72.57▼
2024 · 827.97
Debt ≤ 1 year
€38k▲
2024 · €16k
Debt > 1 year
€372k▲
2024 · €142k
Income taxes
€25k▲
2024 · €15k
A ratio outside any meaningful range has been withheld (balance sheet total €430k, equity €19k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €3k | €4k | €4k | €3k | ▼ 16.4% |
| Other operating charges640/8 | €348 | €348 | €768 | €387 | €506 | ▲ 30.6% |
| Gross operating margin9900 | €41k | €57k | €61k | €64k | €112k | ▲ 74.6% |
| Operating profit (loss)9901 | €38k | €54k | €56k | €60k | €108k | ▲ 81.2% |
| Financial income75/76B | €0 | €0 | - | €0 | €349k | ▲ 3,493,891,900% |
| Recurring financial income75 | €0 | €0 | - | €0 | €349k | ▲ 3,493,891,900% |
| Financial charges65/66B | €1k | €2k | €57 | €77 | €2k | ▲ 1,895% |
| Recurring financial charges65 | €1k | €2k | €57 | €77 | €2k | ▲ 1,895% |
| Profit (loss) for the period before taxes9903 | €37k | €52k | €56k | €60k | €456k | ▲ 665% |
| Income taxes67/77 | €8k | €12k | €13k | €15k | €25k | ▲ 69.7% |
| Profit (loss) for the period9904 | €29k | €40k | €44k | €45k | €431k | ▲ 861% |
| Profit (loss) for the period to be appropriated9905 | €29k | €40k | €44k | €45k | €431k | ▲ 861% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €97k | €134k | €167k | €177k | €430k | ▲ 143% |
| Fixed assets21/28 | €6k | €7k | €7k | €6k | €5k | ▼ 18.8% |
| Tangible fixed assets22/27 | €6k | €7k | €7k | €5k | €4k | ▼ 21.2% |
| Furniture and vehicles24 | €3k | €5k | €5k | €4k | €3k | ▼ 16.3% |
| Other tangible fixed assets26 | €3k | €3k | €2k | €2k | €1k | ▼ 33.3% |
| Financial fixed assets28 | - | - | - | €700 | €700 | = |
| Current assets29/58 | €91k | €126k | €160k | €171k | €425k | ▲ 149% |
| Amounts receivable within one year40/41 | €14k | €16k | €18k | €36k | €51k | ▲ 41.2% |
| Trade receivables40 | €14k | €16k | €17k | €36k | €48k | ▲ 33.6% |
| Other amounts receivable41 | €410 | €0 | €1k | €543 | €3k | ▲ 535% |
| Cash at bank and in hand54/58 | €76k | €110k | €140k | €133k | €373k | ▲ 181% |
| Deferred charges and accrued income490/1 | €616 | €303 | €2k | €2k | €2k | ▼ 3.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €97k | €134k | €167k | €177k | €430k | ▲ 143% |
| Equity10/15 | €23k | €20k | €19k | €19k | €19k | = |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €5k | €2k | €0 | - | - | - |
| Non-distributable reserves130/1 | €2k | €2k | €0 | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €0 | - | - | - |
| Distributable reserves133 | €3k | €0 | - | - | - | - |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €74k | €113k | €149k | €158k | €412k | ▲ 160% |
| Amounts payable after more than one year17 | €33k | €59k | €95k | €142k | €372k | ▲ 162% |
| Financial debts170/4 | €33k | €59k | €95k | €142k | €372k | ▲ 162% |
| Amounts payable within one year42/48 | €40k | €52k | €54k | €16k | €38k | ▲ 137% |
| Trade debts44 | €3k | €3k | €3k | €1k | €6k | ▲ 441% |
| Suppliers440/4 | €3k | €3k | €3k | €1k | €6k | ▲ 441% |
| Taxes, remuneration and social security45 | €2k | €3k | €859 | €858 | €211 | ▼ 75.5% |
| Taxes450/3 | €2k | €3k | €859 | €858 | €211 | ▼ 75.5% |
| Other amounts payable47/48 | €36k | €46k | €50k | €14k | €32k | ▲ 126% |
| Accrued charges and deferred income492/3 | €523 | €2k | €0 | - | €1k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29k | €40k | €44k | €45k | €431k | ▲ 861% |
| + Depreciation and write-downs630 | €3k | €3k | €4k | €4k | €3k | ▼ 16.4% |
| Operating cash flow (approximation) | €32k | €43k | €47k | €49k | €434k | ▲ 787% |
| Investment in fixed assets (approximation) | - | €-4k | €-3k | €-3k | €-2k | ▲ 32.5% |
| Change in cash | - | €34k | €30k | €-8k | €240k | ▲ 3,289% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €431k ▲861%
Operating result €108k, net result €431k, both a record.
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity quadruplescurrent ratio 10.56
Current ratio from 2.99 to 10.56; short-term debt falls from €54k to €16k.
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Meise · 1 establishment unit since 2016
Ground area
621 m²
Building footprint
90 m²
Volume, LiDAR
538 m³
Parcel 23050F0435/00E002, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SEBCO
since 20162.258.635.003
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23050F0435/00E002 | Flanders | 621 m² | 1 · 90 m² | 9.1 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.
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Of 11,756 companies in sector 68310 we hold annual accounts for 6,904. 3,841 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded22-11-2016
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
64210Activities of holding companies
68121Development of residential building projects
68122Development of non-residential building projects
74120Graphic design and visual communication
Scores and ratios are computed by Checked and are not a credit decision.