SebTrack
ActiveSummary
SebTrack has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€1,909) and a net result of -€16,680. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 13% of 7097 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability25▼-54
Solvency22▼-17
Growth58▼-20
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.6 against 0.81 in 2024; short-term debt: 64.2% and cash: 2% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · 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 2025Solvency, return and age of the figures
Solvency
-2.6%
Return on assets
-22.9%
Age of the figures
15 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€1,909
neutral · A punctual record breaks
This company filed 7 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
2 d late
2024
on the day
2023
16 d early
2022
on the day
2021
on the day
2020
3 d early
2019
28 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 6 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
-€1,909
2024 · €14,771
Total assets
€72,834▼ 32.6%
2024 · €108,135
Net result
-€16,680
2024 · €8,816
Working capital
-€18,606▼ 130%
2024 · -€8,087
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€31,092▼ 266%€62,799€18,770▼ 70.1%€20,395▲ 8.7%-€9,798
Net result-€37,622below the sector's middle half▼ 0.7%€56,855above the sector's middle half€9,574within the sector's middle half▼ 83.2%€8,816within the sector's middle half▼ 7.9%-€16,680below the sector's middle half
Equity-€60,475below the sector's middle half▼ 165%-€3,619below the sector's middle half▲ 94.0%€5,955below the sector's middle half€14,771below the sector's middle half▲ 148%-€1,909below the sector's middle half
Total assets€201,302within the sector's middle half▼ 19.3%€150,300within the sector's middle half▼ 25.3%€130,056within the sector's middle half▼ 13.5%€108,135within the sector's middle half▼ 16.9%€72,834within the sector's middle half▼ 32.6%
Debt€261,776▼ 3.9%€153,919▼ 41.2%€124,101▼ 19.4%€93,364▼ 24.8%€74,744▼ 19.9%
Working capital-€115,391below the sector's middle half▼ 20.5%-€40,655below the sector's middle half▲ 64.8%-€24,962below the sector's middle half▲ 38.6%-€8,087below the sector's middle half▲ 67.6%-€18,606below the sector's middle half▼ 130%
Solvency-30.0%below the sector's middle half▼ 20.9pp-2.4%below the sector's middle half▲ 27.6pp4.6%below the sector's middle half▲ 7.0pp13.7%below the sector's middle half▲ 9.1pp-2.6%below the sector's middle half▼ 16.3pp
Current ratio0.10below the sector's middle half▲ 0.010.27below the sector's middle half▲ 0.170.51below the sector's middle half▲ 0.240.81below the sector's middle half▲ 0.300.60below the sector's middle half▼ 0.21
Return on assets (ROA)-18.7%below the sector's middle half▼ 3.7pp37.8%above the sector's middle half▲ 56.5pp7.4%within the sector's middle half▼ 30.5pp8.2%within the sector's middle half▲ 0.8pp-22.9%below the sector's middle half▼ 31.1pp
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €9,798 after €20,395 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €72,834
Fixed assets
€44,645 ▼ 39.5%
Current assets
€28,189 ▼ 17.8%
Key figures and ratios
EBITDA
€19,861▼
2024 · €50,649
Cash flow
€12,979▼
2024 · €39,071
Debt to equity
-39.15▼
2024 · 6.32
Interest coverage
3.04▼
2024 · 6.18
Debt ≤ 1 year
€46,795▲
2024 · €42,391
Debt > 1 year
€27,949▼
2024 · €50,973
Income taxes
€343▼
2024 · €3,377
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,940 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 85% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
5.5%
went bankrupt
8.0%
stopped otherwise
85%
still going
A further 1.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,940 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €57,851 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €56,940 | €57,259 | €31,120 | €30,255 | €29,659 | ▼ 2.0% |
| Other operating charges640/8 | - | €2,480 | €5,551 | €5,887 | €4,013 | ▼ 31.8% |
| Gross operating margin9900 | €28,922 | €122,538 | €55,440 | €56,536 | €23,874 | ▼ 57.8% |
| Operating profit (loss)9901 | -€31,092 | €62,799 | €18,770 | €20,395 | -€9,798 | ▼ 148% |
| Financial income75/76B | - | €170 | €25 | - | - | - |
| Recurring financial income75 | €5 | €170 | €25 | - | - | - |
| Financial charges65/66B | - | €5,837 | €7,043 | €8,201 | €6,539 | ▼ 20.3% |
| Recurring financial charges65 | €6,237 | €5,837 | €7,043 | €8,201 | €6,539 | ▼ 20.3% |
| Profit (loss) for the period before taxes9903 | -€37,325 | €57,132 | €11,752 | €12,193 | -€16,337 | ▼ 234% |
| Income taxes67/77 | €297 | €277 | €2,178 | €3,377 | €343 | ▼ 89.8% |
| Profit (loss) for the period9904 | -€37,622 | €56,855 | €9,574 | €8,816 | -€16,680 | ▼ 289% |
| Profit (loss) for the period to be appropriated9905 | -€37,622 | €56,855 | €9,574 | €8,816 | -€16,680 | ▼ 289% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €201,302 | €150,300 | €130,056 | €108,135 | €72,834 | ▼ 32.6% |
| Fixed assets21/28 | €188,017 | €135,206 | €104,086 | €73,831 | €44,645 | ▼ 39.5% |
| Tangible fixed assets22/27 | €187,717 | €134,906 | €103,786 | €73,531 | €44,345 | ▼ 39.7% |
| Land and buildings22 | - | €119,166 | €91,101 | €63,036 | €35,140 | ▼ 44.3% |
| Furniture and vehicles24 | - | €3,762 | €2,053 | €1,210 | €1,267 | ▲ 4.7% |
| Other tangible fixed assets26 | - | €11,977 | €10,631 | €9,285 | €7,938 | ▼ 14.5% |
| Financial fixed assets28 | €300 | €300 | €300 | €300 | €300 | = |
| Current assets29/58 | €13,285 | €15,095 | €25,970 | €34,304 | €28,189 | ▼ 17.8% |
| Amounts receivable within one year40/41 | €7,639 | €1,033 | €13,437 | €24,200 | €23,550 | ▼ 2.7% |
| Trade receivables40 | - | - | €9,000 | €24,200 | €23,550 | ▼ 2.7% |
| Other amounts receivable41 | - | €1,033 | €4,437 | - | - | - |
| Cash at bank and in hand54/58 | €2,500 | €10,647 | €3,906 | €5,648 | €1,438 | ▼ 74.5% |
| Deferred charges and accrued income490/1 | - | €3,414 | €8,627 | €4,456 | €3,201 | ▼ 28.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €201,302 | €150,300 | €130,056 | €108,135 | €72,834 | ▼ 32.6% |
| Equity10/15 | -€60,475 | -€3,619 | €5,955 | €14,771 | -€1,909 | ▼ 113% |
| Contributions10/11 | - | €12,400 | €12,400 | €14,260 | €14,260 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | - | - | - |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Profit (loss) carried forward14 | -€74,735 | -€17,879 | -€8,305 | €511 | -€16,169 | ▼ 3,267% |
| Amounts payable17/49 | €261,776 | €153,919 | €124,101 | €93,364 | €74,744 | ▼ 19.9% |
| Amounts payable after more than one year17 | €133,101 | €98,170 | €73,169 | €50,973 | €27,949 | ▼ 45.2% |
| Financial debts170/4 | - | €98,170 | €73,169 | €50,973 | €27,949 | ▼ 45.2% |
| Amounts payable within one year42/48 | €128,675 | €55,750 | €50,932 | €42,391 | €46,795 | ▲ 10.4% |
| Current portion of amounts payable after more than one year42 | - | €34,931 | €25,001 | €22,196 | €23,024 | ▲ 3.7% |
| Trade debts44 | €12,034 | €7,288 | €15,371 | €3,581 | €6,591 | ▲ 84.1% |
| Suppliers440/4 | - | €7,288 | €15,371 | €3,581 | €6,591 | ▲ 84.1% |
| Taxes, remuneration and social security45 | - | €1,634 | €10,560 | €8,789 | €6,051 | ▼ 31.2% |
| Taxes450/3 | - | €1,634 | €10,560 | €8,789 | €6,051 | ▼ 31.2% |
| Other amounts payable47/48 | - | €11,897 | - | €7,825 | €11,129 | ▲ 42.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€37,622 | €56,855 | €9,574 | €8,816 | -€16,680 | ▼ 289% |
| + Depreciation and write-downs630 | €56,940 | €57,259 | €31,120 | €30,255 | €29,659 | ▼ 2.0% |
| Operating cash flow (approximation) | €19,318 | €114,115 | €40,694 | €39,071 | €12,979 | ▼ 66.8% |
| Investment in fixed assets (approximation) | - | -€4,448 | €0 | €0 | -€473 | - |
| Change in cash | - | €8,148 | -€6,741 | €1,742 | -€4,210 | ▼ 342% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 2 days late
2025
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
15-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Back to profitnet €56,855
Net result €56,855 after 3 loss-making years.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Weakest financial yearnet -€37,622
Net result drops to -€37,622, the lowest in the series; recovery starts the following year.
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
03-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
09-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 9 days late
2017
16-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
6 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, Sint-Jans-Molenbeek · 1 establishment unit since 2010
Ground area
2,923 m²
Building footprint
688 m²
Volume, LiDAR
4,969 m³
2 parcels, Brussels, Flanders · tallest building 19.8 m, ±2 floors. Linked by address, not a title deed.
291
companies at this address
See who is registered here
1 establishment unit
Sebastien De Grauwe
since 20102.184.833.542
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21522B0623/00L000 | Brussels | 2,442 m² | 1 · 406 m² | 19.8 m · 2 fl. |
| 24025G0050/00H006 | Flanders | 481 m² | 1 · 282 m² | 9.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
5493003F2I0HM6L7IP79
Similar companies · same sector, comparable size
VDL Media en Advies
BE 0802.097.057
Diepenbeek · Eq €14,777
DVS Consulting
BE 0768.370.553
Antwerpen · Eq €14,746
TRAST62
BE 0567.875.216
Sprimont · Eq €14,742
Extra Texture
BE 0747.931.861
Bierbeek · Eq €14,801
ALPHA AQUILAE
BE 0668.931.004
Elsene · Eq €14,722
Of 13,417 companies in sector 73300 we hold annual accounts for 6,906. 4,295 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
Founded19-01-2010
Fiscal year end30-06
Activities, NACEBEL 2025
73300Public relations and communication consultancy
63920Other information service activities
70200Business and other management consultancy
73110Advertising agencies
73200Market research and public opinion polling
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0822388863
Also
9925:BE0822388863
Registered
22-10-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.