Equity
Equity fell by 73% in 5 years.
Equity fell by 73% in 5 years.
The result rose in 2025 from €44,830 to €430,926.
The micro format states no turnover.
Of this, €38,286 falls due within a year.
The last five annual accounts were filed 27 to 144 days before the end of the period.
Higher net result than 95% of companies in real estate. Sector median €5,854 · 19,790 companies.
In July 2024, 2,154 companies had the same profile as SEBCO has now. Each dot stands for 6 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 2,154 companies, not a prediction for SEBCO. 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.
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.
| Company | ||||
|---|---|---|---|---|
| SEBCO Meise | €430,203 | €112,156 | 4.3% | - |
| DECONINCK Harelbeke | €419,262 | €106,539 | 42.5% | - |
| Green Mill Wichelen | €438,072 | €121,799 | 33.1% | - |
| IMMO TROEF Aalst | €411,633 | €100,652 | 32.9% | - |
| BOW TIE INVEST Auderghem | €453,244 | €112,374 | 87.2% | - |
| VERMAERE & VASTGOED Berlaar | €452,427 | €104,373 | 23.5% | - |
| PERCEPTION IMMOBILIERE Molenbeek-Saint-Jean | €416,334 | €107,789 | 3.2% | - |
These companies have the same main activity as SEBCO: real estate agency activities (NACE 68310). They are comparable in size and age: total assets between €412,000 and €453,000, founded between 2015 and 2018.
SEBCO files the micro format. That format states no turnover. The gross margin rose from €19,851 in 2017 to €112,156 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €190,000. Estimated: probably between €160,000 and €300,000.
Amounts without an identifiable currency are taken as euros.
Higher than 25% of 19,803 companies in 2025.
Higher than 92% of 18,977 companies in 2025.
Higher than 95% of 19,446 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||
20/58 |
430,203 | 176,754 | 167,193 | 133,551 | 97,028 | 73,866 | 55,004 | 27,729 | 30,955 | |
20 |
- | - | - | - | - | 0 | 0 | 0 | 0 | |
21/28 |
4,964 | 6,113 | 6,824 | 7,177 | 6,208 | 6,482 | 7,291 | 7,496 | 4,754 | |
21 |
- | - | - | - | - | 0 | 0 | 0 | 0 | |
22/27 |
4,264 | 5,413 | 6,824 | 7,177 | 6,208 | 6,482 | 7,291 | 7,496 | 4,754 | |
22 |
- | - | - | - | - | 0 | 0 | 0 | 0 | |
23 |
- | - | - | - | - | 0 | 0 | 0 | 0 | |
24 |
3,226 | 3,856 | 4,749 | 4,583 | 3,094 | 2,850 | 3,139 | 2,825 | 4,754 | |
26 |
1,037 | 1,556 | 2,075 | 2,594 | 3,113 | 3,632 | 4,151 | 4,670 | 0 | |
27 |
- | - | - | - | - | 0 | 0 | 0 | 0 | |
28 |
700 | 700 | - | - | - | 0 | 0 | 0 | 0 | |
29/58 |
425,239 | 170,641 | 160,369 | 126,374 | 90,820 | 67,384 | 47,713 | 20,234 | 26,201 | |
290 |
- | - | - | - | - | 0 | 0 | 0 | 0 | |
291 |
- | - | - | - | - | 0 | 0 | 0 | 0 | |
3 |
- | - | - | - | - | 0 | 0 | 0 | 0 | |
30/36 |
- | - | - | - | - | 0 | 0 | 0 | 0 | |
37 |
- | - | - | - | - | 0 | 0 | 0 | 0 | |
40/41 |
50,947 | 36,085 | 18,308 | 15,871 | 14,193 | 16,551 | 12,118 | 2,812 | 1,592 | |
40 |
47,501 | 35,542 | 16,935 | 15,871 | 13,783 | 15,355 | 11,869 | 0 | 1,491 | |
41 |
3,446 | 543 | 1,373 | 0 | 410 | 1,196 | 249 | 2,812 | 100 | |
50/53 |
- | - | - | - | - | 0 | 0 | 0 | 0 | |
54/58 |
372,508 | 132,700 | 140,220 | 110,200 | 76,011 | 49,700 | 34,878 | 16,073 | 23,319 | |
490/1 |
1,784 | 1,857 | 1,840 | 303 | 616 | 1,132 | 716 | 1,348 | 1,290 | |
| Balance sheet: equity and liabilities | ||||||||||
10/49 |
430,203 | 176,754 | 167,193 | 133,551 | 97,028 | 73,866 | 55,004 | 27,729 | 30,955 | |
10/15 |
18,600 | 18,600 | 18,600 | 20,460 | 23,187 | 69,271 | 47,344 | 21,008 | 23,555 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 12,400 | 12,400 | |
100 |
- | - | - | - | - | - | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | 0 | 6,200 | 6,200 | |
11 |
- | - | - | - | - | - | 0 | 0 | 0 | |
1100/10 |
- | - | - | - | - | - | 0 | 0 | 0 | |
12 |
- | - | - | - | - | 0 | 0 | 0 | 0 | |
13 |
- | - | 0 | 1,860 | 4,587 | 50,671 | 28,744 | 8,600 | 8,600 | |
130/1 |
- | - | 0 | 1,860 | 1,860 | 1,860 | - | - | - | |
130 |
- | - | - | - | - | - | 1,860 | 600 | 600 | |
1311 |
- | - | 0 | 1,860 | 1,860 | 1,860 | - | - | - | |
1312 |
- | - | - | - | - | - | 0 | 0 | 0 | |
1313 |
- | - | - | - | - | 0 | - | - | - | |
1319 |
- | - | - | - | - | 0 | 0 | 0 | 0 | |
132 |
- | - | - | - | - | 0 | 0 | 0 | 0 | |
133 |
- | - | - | 0 | 2,727 | 48,811 | 26,884 | 8,000 | 8,000 | |
14 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 8 | 2,555 | |
15 |
- | - | - | - | - | 0 | 0 | 0 | 0 | |
160/5 |
- | - | - | - | - | 0 | 0 | 0 | 0 | |
160 |
- | - | - | - | - | 0 | 0 | 0 | 0 | |
161 |
- | - | - | - | - | 0 | 0 | 0 | 0 | |
162 |
- | - | - | - | - | 0 | 0 | 0 | 0 | |
163 |
- | - | - | - | - | 0 | 0 | 0 | 0 | |
164/5 |
- | - | - | - | - | 0 | 0 | 0 | 0 | |
168 |
- | - | - | - | - | 0 | 0 | 0 | 0 | |
17/49 |
411,603 | 158,154 | 148,593 | 113,091 | 73,841 | 4,595 | 7,660 | 6,721 | 7,400 | |
17 |
372,000 | 142,000 | 95,000 | 59,000 | 33,000 | - | - | - | - | |
170/4 |
372,000 | 142,000 | 95,000 | 59,000 | 33,000 | - | - | - | - | |
175 |
- | - | - | - | - | 0 | 0 | 0 | 0 | |
176 |
- | - | - | - | - | 0 | 0 | 0 | 0 | |
178/9 |
- | - | - | - | - | 0 | 0 | 0 | 0 | |
42/48 |
38,286 | 16,154 | 53,593 | 52,154 | 40,318 | 4,595 | 7,660 | 6,721 | 7,400 | |
42 |
- | - | - | - | - | 0 | 0 | 0 | 0 | |
430/8 |
- | - | - | - | - | 0 | 0 | 0 | 0 | |
439 |
- | - | - | - | - | 0 | 0 | 0 | 0 | |
44 |
6,102 | 1,128 | 2,969 | 3,107 | 2,910 | 2,518 | 1,641 | 647 | 1,506 | |
440/4 |
6,102 | 1,128 | 2,969 | 3,107 | 2,910 | 2,518 | 1,641 | 647 | 1,506 | |
441 |
- | - | - | - | - | 0 | 0 | 0 | 0 | |
46 |
- | - | - | - | - | 0 | 0 | 0 | 0 | |
45 |
211 | 858 | 859 | 3,178 | 1,590 | 1,839 | 2,840 | 5,689 | 5,895 | |
450/3 |
211 | 858 | 859 | 3,178 | 1,590 | 1,839 | 2,840 | 5,689 | 5,895 | |
454/9 |
- | - | - | - | - | 0 | 0 | 0 | 0 | |
47/48 |
31,974 | 14,168 | 49,765 | 45,869 | 35,818 | 238 | 3,178 | 386 | 0 | |
492/3 |
1,317 | - | 0 | 1,937 | 523 | 0 | 0 | 0 | 0 | |
| Income statement | ||||||||||
70 |
- | - | - | - | - | - | - | - | 0 | |
76A |
- | - | - | - | - | 0 | 0 | 0 | 0 | |
9900 |
112,156 | 64,248 | 60,528 | 57,102 | 41,285 | 31,295 | 32,947 | 795 | 19,851 | |
60/61 |
- | - | - | - | - | - | - | - | 0 | |
62 |
- | - | - | - | - | 0 | 0 | 0 | 0 | |
630 |
3,479 | 4,161 | 3,501 | 2,727 | 2,709 | 2,440 | 2,546 | 2,448 | 2,160 | |
631/4 |
- | - | - | - | - | 0 | 0 | 0 | 0 | |
635/8 |
- | - | - | - | - | 0 | 0 | 0 | 0 | |
640/8 |
506 | 387 | 768 | 348 | 348 | 413 | 668 | 348 | 1,014 | |
649 |
- | - | - | - | - | 0 | 0 | 0 | 0 | |
66A |
- | - | - | - | - | 0 | 777 | 0 | 0 | |
9901 |
108,172 | 59,700 | 56,260 | 54,027 | 38,228 | 28,442 | 28,956 | -2,001 | 16,676 | |
75/76B |
349,389 | 0 | - | 0 | 0 | 0 | 0 | 0 | 0 | |
75 |
349,389 | 0 | - | 0 | 0 | 0 | 0 | 0 | 0 | |
76B |
- | - | - | - | - | 0 | 0 | 0 | 0 | |
65/66B |
1,538 | 77 | 57 | 2,005 | 1,027 | 211 | 340 | 249 | 357 | |
65 |
1,538 | 77 | 57 | 2,005 | 1,027 | 211 | 340 | 249 | 357 | |
66B |
- | - | - | - | - | 0 | 0 | 0 | 0 | |
9903 |
456,023 | 59,623 | 56,203 | 52,022 | 37,201 | 28,231 | 28,616 | -2,249 | 16,319 | |
67/77 |
25,097 | 14,793 | 12,627 | 11,653 | 8,286 | 6,304 | 6,840 | 298 | 5,165 | |
9904 |
430,926 | 44,830 | 43,576 | 40,370 | 28,916 | 21,927 | 21,776 | -2,547 | 11,155 | |
789 |
- | - | - | - | - | 0 | 0 | 0 | 0 | |
689 |
- | - | - | - | - | 0 | 0 | 0 | 0 | |
9905 |
430,926 | 44,830 | 43,576 | 40,370 | 28,916 | 21,927 | 21,776 | -2,547 | 11,155 | |
| Appropriation of the result | ||||||||||
9906 |
430,926 | 44,830 | 43,576 | 40,370 | 28,916 | 21,927 | 21,784 | 8 | 11,155 | |
791/2 |
- | 0 | 1,860 | 2,727 | 46,084 | 0 | 0 | 0 | 0 | |
691/2 |
- | - | - | - | 0 | 21,927 | 20,144 | - | 8,600 | |
691 |
- | - | - | - | - | 0 | 0 | 0 | 0 | |
6920 |
- | - | - | - | - | 0 | 1,260 | 0 | 600 | |
6921 |
- | - | - | - | 0 | 21,927 | 18,884 | 0 | 8,000 | |
694/7 |
430,926 | 44,830 | 45,436 | 43,096 | 75,000 | - | 1,640 | - | - | |
694 |
430,926 | 44,830 | 45,436 | 43,096 | 75,000 | 0 | 1,640 | 0 | 0 | |
695 |
- | - | - | - | - | 0 | 0 | 0 | 0 | |
696 |
- | - | - | - | - | 0 | 0 | 0 | 0 | |
| Document | ||||||||||
The notes to these accounts have 14 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 09-03-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 09-03-2026 | 2026-00051451 | |
| 31-12-2024 | micro format | 27-06-2025 | 2025-00184501 | |
| 31-12-2023 | micro format | 14-06-2024 | 2024-00128799 | |
| 31-12-2022 | micro format | 09-06-2023 | 2023-00115784 | |
| 31-12-2021 | micro format | 04-07-2022 | 2022-20122781 | |
| 31-12-2020 | micro format | 11-06-2021 | 2021-18800474 | |
| 31-12-2019 | micro format | 15-06-2020 | 2020-16500547 | |
| 31-12-2018 | micro format | 08-07-2019 | 2019-29400429 | |
| 31-12-2017 | micro format | 28-06-2018 | 2018-23700134 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| 111,651 | 63,861 | 59,761 | 56,754 | 40,938 | 30,882 | 31,502 | 447 | 18,837 | ||
| 434,404 | 48,991 | 47,077 | 43,096 | 31,625 | 24,367 | 24,322 | -99 | 13,315 | ||
| 2,330 | 3,449 | 3,148 | 3,696 | 2,435 | 1,632 | 3,118 | 5,189 | 6,914 | ||
| 239,808 | -7,520 | 30,020 | 34,190 | 26,311 | 14,822 | 18,806 | -7,246 | - | ||
| 386,953 | 154,487 | 106,776 | 74,220 | 50,502 | 62,788 | 40,053 | 13,512 | 18,801 | ||
| 4.3% | 10.5% | 11.1% | 15.3% | 23.9% | 93.8% | 86.1% | 75.8% | 76.1% | ||
| 11.11 | 10.56 | 2.99 | 2.42 | 2.25 | 14.66 | 6.23 | 3.01 | 3.54 | ||
| 22.13 | 8.50 | 7.99 | 5.53 | 3.18 | 0.07 | 0.16 | 0.32 | 0.31 | ||
| - | 241.0% | 234.3% | 197.3% | 124.7% | 31.7% | 46.0% | -12.1% | 47.4% | ||
| 100.2% | 25.4% | 26.1% | 30.2% | 29.8% | 29.7% | 39.6% | -9.2% | 36.0% | ||
| 72.57 | over 100 | over 100 | 28.31 | 39.87 | - | - | - | - |
A ratio outside any meaningful range has been withheld (balance sheet total €430,203, equity €18,600).
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2,330 | €2,749 | €3,148 | €3,696 | €2,435 |
| Financial fixed assets | €0 | €700 | - | - | - |
| €3,479 | €4,161 | €3,501 | €2,727 | €2,709 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 81% higher than in 2024 and the highest since 2017. It is the fifth rise in a row, after the fall in 2020.
Debt's share of the balance-sheet total rises from 89.5% to 95.7%. Debt is higher.
SEBCO has no parent and no holdings in its annual accounts. SEBCO shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Brusselsesteenweg 138 registered office 1860 Meise | 22-11-2016 | 2.258.635.003 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 23050F0435/00E002 | 621 m² | 1 · 90 m² | 9.1 m · 2 |
If something looks wrong or is missing, please tell us.