SEBI CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of SEBI CONSTRUCT is 3.1% (moderate). The 2025 annual accounts show equity of €157,738 and a net result of €50,065. Equity has been growing by about 41% per year since 2020. Its solvency ranks better than 92% of 9,394 sector peers (NACE 41, financial year 2025). The company has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 26-02-2020 Normal situation
- Registered office
- 293 active companies are registered at this address 38 started in the 12 months before. Source: KBO register, as of 3 November 2026.
- Activity
- General construction of residential buildings NACE 41001and 2 others
- Establishment unit
- 2.300.646.988 4260 Braives, since 26-02-2020
- Financial year end
- 31 December
- Peppol
- Reachable
Financial position
- Bankruptcy probabilitywithin 12 months
- 3.1%
- Gross margin
- €67,678
- ▲ 72.7%
- Turnover
- ≈ €350,000
- estimated
- Profit
- €50,065
- ▲ 97.7%
- Equity
- €157,738
- ▲ 46.5%
- Total assets
- €185,409
- ▲ 15.5%
- 2025 accounts filed 55 days after the deadline
Score breakdownraises riskLast filed accounts filed 55 days late; 3 of the last 3 accounts lateSector: Construction of residential and non-residential buildings (NACE 41)Size: total assets €185,409lowers riskEquity €157,738 (85.1% of total assets)Show the evidence
Checked score
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 41, micro). It does better than 92% of them on solvency, 54% on liquidity, 91% on profitability and 78% on growth.
The bankruptcy probability was computed on 02-11-2026 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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 6 accounts on average 34 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 55 days after the deadline Filed on 24 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00523310.
Annual accounts 2025 filed on 24-09-2026 at the NBB all 6 filings
Every figure per financial year
The operating result for 2025 is 75% higher than in 2024 and the highest since 2021. It is a recovery after the fall in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €4,518 | - | - | - | €1,391 |
| Depreciation and write-downs of the year | €3,147 | €3,362 | €3,071 | €215 | €226 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €291 | €3,147 | €3,362 | €3,071 | €215 | €226 | ▲ 5.2% |
| Other operating charges640/8 | - | €508 | €369 | €539 | €512 | - | - |
| Gross operating margin9900 | €4,852 | €31,051 | €26,127 | €53,305 | €39,184 | €67,678 | ▲ 72.7% |
| Operating profit (loss)9901 | €4,500 | €27,396 | €22,396 | €49,695 | €38,457 | €67,452 | ▲ 75.4% |
| Financial income75/76B | - | - | - | €1 | - | €6 | - |
| Recurring financial income75 | €0 | - | - | €1 | - | €6 | - |
| Financial charges65/66B | - | €965 | €2,225 | €2,849 | €1,652 | €1,749 | ▲ 5.9% |
| Recurring financial charges65 | €447 | €965 | €2,225 | €2,849 | €1,652 | €1,749 | ▲ 5.9% |
| Profit (loss) for the period before taxes9903 | €4,053 | €26,431 | €20,171 | €46,847 | €36,805 | €65,708 | ▲ 78.5% |
| Income taxes67/77 | €911 | €5,358 | €4,251 | €10,637 | €11,477 | €15,644 | ▲ 36.3% |
| Profit (loss) for the period9904 | €3,142 | €21,073 | €15,920 | €36,210 | €25,328 | €50,065 | ▲ 97.7% |
| Profit (loss) for the period to be appropriated9905 | €3,142 | €21,073 | €15,920 | €36,210 | €25,328 | €50,065 | ▲ 97.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €14,663 | €41,118 | €78,373 | €127,111 | €160,520 | €185,409 | ▲ 15.5% |
| Fixed assets21/28 | €5,276 | €6,647 | €3,286 | €215 | - | €1,165 | - |
| Tangible fixed assets22/27 | €5,276 | €6,647 | €3,286 | €215 | - | €1,165 | - |
| Plant, machinery and equipment23 | - | €3,186 | €1,523 | - | - | - | - |
| Furniture and vehicles24 | - | €3,461 | €1,763 | €215 | - | €1,165 | - |
| Current assets29/58 | €9,386 | €34,470 | €75,087 | €126,896 | €160,520 | €184,244 | ▲ 14.8% |
| Amounts receivable within one year40/41 | €5,723 | €13,902 | €48,113 | €113,244 | €133,135 | €176,775 | ▲ 32.8% |
| Trade receivables40 | - | €88 | - | - | €1,837 | €26,826 | ▲ 15× |
| Other amounts receivable41 | - | €13,814 | €48,113 | €113,244 | €131,298 | €149,949 | ▲ 14.2% |
| Cash at bank and in hand54/58 | €3,664 | €20,446 | €25,567 | €10,955 | €26,803 | €6,248 | ▼ 76.7% |
| Deferred charges and accrued income490/1 | - | €122 | €1,408 | €2,696 | €582 | €1,221 | ▲ 110% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €14,663 | €41,118 | €78,373 | €127,111 | €160,520 | €185,409 | ▲ 15.5% |
| Equity10/15 | €9,142 | €30,215 | €46,135 | €82,346 | €107,674 | €157,738 | ▲ 46.5% |
| Contributions10/11 | - | €6,000 | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Profit (loss) carried forward14 | €3,142 | €24,215 | €40,135 | €76,346 | €101,674 | €151,738 | ▲ 49.2% |
| Amounts payable17/49 | €5,521 | €10,903 | €32,238 | €44,765 | €52,846 | €27,671 | ▼ 47.6% |
| Amounts payable within one year42/48 | €5,521 | €10,903 | €32,238 | €44,765 | €52,846 | €27,671 | ▼ 47.6% |
| Trade debts44 | €3,360 | €2,571 | €6,166 | €444 | €59 | €118 | ▲ 100% |
| Suppliers440/4 | - | €2,571 | €6,166 | €444 | €59 | €118 | ▲ 100% |
| Taxes, remuneration and social security45 | - | €8,332 | €26,072 | €44,321 | €52,787 | €27,553 | ▼ 47.8% |
| Taxes450/3 | - | €6,560 | €9,900 | €13,749 | €22,215 | €27,553 | ▲ 24.0% |
| Remuneration and social security454/9 | - | €1,772 | €16,172 | €30,572 | €30,572 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,142 | €21,073 | €15,920 | €36,210 | €25,328 | €50,065 | ▲ 97.7% |
| + Depreciation and write-downs630 | €291 | €3,147 | €3,362 | €3,071 | €215 | €226 | ▲ 5.2% |
| Operating cash flow (approximation) | €3,433 | €24,221 | €19,282 | €39,281 | €25,543 | €50,291 | ▲ 96.9% |
| Investment in fixed assets (approximation) | - | -€4,518 | €0 | €0 | - | - | - |
| Change in cash | - | €16,783 | €5,120 | -€14,612 | €15,848 | -€20,555 | - |
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, 26,972 companies had the same profile as SEBI CONSTRUCT has now. Two years later, 94.9% were still going and 1.6% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of SEBI CONSTRUCT itself is higher: 3.1% within 12 months. It rests on far more data about SEBI CONSTRUCT than the profile alone.
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 26,972 companies, not a prediction for SEBI CONSTRUCT. 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 (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 24-09-2026 | 2026-00523310 | |
| 31-12-2024 | micro format | 29-09-2025 | 2025-00524485 | |
| 31-12-2023 | micro format | 03-09-2024 | 2024-00438909 | |
| 31-12-2022 | micro format | 29-08-2023 | 2023-00365482 | |
| 31-12-2021 | micro format | 29-07-2022 | 2022-20245383 | |
| 31-12-2020 | micro format | 25-08-2021 | 2021-53200141 |
Board & ownership
Directors
Owners and capital
Shareholders
- Hornoiu Madalin 45 shares
- Hornoiu lulian 10 shares
- Bratu Virgil 10 shares
- Biscoveanu Nicolae 10 shares
- Tarlea Marius 10 shares
- Raileanu Nicusor 10 shares
- Mavrodin Denisa 5 shares
Network & group
SEBI CONSTRUCT shares no director with another company.
Companies at the same address
292 other companies- MK MULTISERVICES Registered office · since 2026 1044334959
- OMBRO Establishment · since 2026 0690581602
- NEXACLEAN Registered office · since 2026 1042890154
- NSL CONSTRUCT Registered office · since 2026 1042324287
- SAPORIDITALIA Registered office · since 2026 1042259753
- MR MECANIQUE Registered office · since 2026 1041993992
- Artuiles & toits Establishment · since 2026 1041871357
- Dujardin, Nils (sole trader) Establishment · since 2026 1042105642
- GREEN LOGISTIEK Establishment · since 2026 1012017529
- Belgium Finish Pro Registered office · since 2026 1040162375
Connections & network
1 current directorThe network starts from the directors of SEBI CONSTRUCT. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
06-02
Gazette deed
Capital & sharesShareholding · Board composition9 points ▸
- General meeting, 16-01-2023
- Hornoiu Madalin holds 45 shares
- Hornoiu lulian holds 10 shares
- Bratu Virgil holds 10 shares
- Biscoveanu Nicolae holds 10 shares
- Tarlea Marius holds 10 shares
- Raileanu Nicusor holds 10 shares
- Mavrodin Denisa holds 5 shares
- Board composition, Hornoiu Madalin (director)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
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 0744.455.303
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23582E0505/00E000 | Flanders | 8,312 m² | 1 · 1,330 m² | 9.5 m · 3 |
| 64017A0227/00F000 | Wallonia | 1,676 m² | 1 · 154 m² | 10.6 m · 3 |