SED GROUP
ActiveSummary
The computed 12-month bankruptcy probability of SED GROUP is 4.6% (elevated). The 2025 annual accounts show negative equity (-€24,490) and a net result of -€719. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 17% of 18606 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability38▼-57
Solvency5▲+4
Growth78=
Track record94
Bankruptcy probability, 12 months
4.6%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.82 against 0.76 in 2024; short-term debt: 119.7% and cash: 18% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
-19.7%
Return on assets
-0.6%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year -€24,490
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-08-2026, 12 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 · 5 filingsDeviation from the deadline
2025
12 d late
2024
61 d late
2023
30 d late
2022
23 d late
2021
5 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 26 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€24,490▼ 3.0%
2024 · -€23,771
Total assets
€124,099▲ 26.3%
2024 · €98,237
Net result
-€719
2024 · €20,285
Working capital
-€27,258▲ 5.8%
2024 · -€28,922
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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-€26,388--€32,537▼ 23.3%€13,712€21,176▲ 54.4%€729▼ 96.6%
Net result-€26,498below the sector's middle half--€32,890below the sector's middle half▼ 24.1%€13,332within the sector's middle half€20,285within the sector's middle half▲ 52.2%-€719within the sector's middle half
Equity-€24,498below the sector's middle half--€57,388below the sector's middle half▼ 134%-€44,056below the sector's middle half▲ 23.2%-€23,771below the sector's middle half▲ 46.0%-€24,490below the sector's middle half▼ 3.0%
Total assets€17,171below the sector's middle half-€5,445below the sector's middle half▼ 68.3%€63,464within the sector's middle half▲ 1,066%€98,237within the sector's middle half▲ 54.8%€124,099within the sector's middle half▲ 26.3%
Debt€41,669-€62,832▲ 50.8%€107,520▲ 71.1%€122,009▲ 13.5%€148,590▲ 21.8%
Working capital-€29,772below the sector's middle half--€60,328below the sector's middle half▼ 103%-€44,663below the sector's middle half▲ 26.0%-€28,922below the sector's middle half▲ 35.2%-€27,258below the sector's middle half▲ 5.8%
Solvency-142.7%below the sector's middle half--69.4%below the sector's middle half-24.2%below the sector's middle half▲ 45.2pp-19.7%below the sector's middle half▲ 4.5pp
Current ratio0.29below the sector's middle half-0.04below the sector's middle half▼ 0.250.58below the sector's middle half▲ 0.540.76below the sector's middle half▲ 0.180.82below the sector's middle half▲ 0.05
Return on assets (ROA)-154.3%below the sector's middle half--604.1%below the sector's middle half▼ 449.8pp21.0%above the sector's middle half▲ 625.1pp20.6%above the sector's middle half▼ 0.4pp-0.6%within the sector's middle half▼ 21.2pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, 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 falls in 2025; 2025 is 97% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €124,099
Fixed assets
€2,768 ▼ 46.3%
Current assets
€121,332 ▲ 30.3%
Key figures and ratios
EBITDA
€3,113▼
2024 · €23,783
Cash flow
€1,664▼
2024 · €22,891
Quick ratio
0.25▲
2024 · 0.12
Debt to equity
-6.07▼
2024 · -5.13
Interest coverage
2.45▼
2024 · 31.62
Debt ≤ 1 year
€148,590▲
2024 · €122,009
Income taxes
€176▲
2024 · €140
Staff costs
€26,511▲
2024 · €6,851
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,570 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 88% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a small loss
4.6%
went bankrupt
5.5%
stopped otherwise
88%
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 4.6% 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 1,570 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €16,649 | €22,804 | €0 | €6,851 | €26,511 | ▲ 287% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,726 | €2,333 | €2,333 | €2,606 | €2,383 | ▼ 8.6% |
| Other operating charges640/8 | - | €1,206 | €973 | €1,621 | €0 | ▼ 100% |
| Gross operating margin9900 | -€8,014 | -€6,193 | €17,018 | €32,254 | €29,624 | ▼ 8.2% |
| Operating profit (loss)9901 | -€26,388 | -€32,537 | €13,712 | €21,176 | €729 | ▼ 96.6% |
| Financial income75/76B | - | €0 | €0 | €0 | €0 | ▼ 100% |
| Recurring financial income75 | - | €0 | €0 | €0 | €0 | ▼ 100% |
| Financial charges65/66B | - | €213 | €257 | €752 | €1,272 | ▲ 69.2% |
| Recurring financial charges65 | - | €213 | €257 | €752 | €1,272 | ▲ 69.2% |
| Profit (loss) for the period before taxes9903 | -€26,388 | -€32,750 | €13,455 | €20,424 | -€543 | ▼ 103% |
| Income taxes67/77 | €110 | €140 | €123 | €140 | €176 | ▲ 26.2% |
| Profit (loss) for the period9904 | -€26,498 | -€32,890 | €13,332 | €20,285 | -€719 | ▼ 104% |
| Profit (loss) for the period to be appropriated9905 | -€26,498 | -€32,890 | €13,332 | €20,285 | -€719 | ▼ 104% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €17,171 | €5,445 | €63,464 | €98,237 | €124,099 | ▲ 26.3% |
| Fixed assets21/28 | €5,274 | €2,941 | €607 | €5,151 | €2,768 | ▼ 46.3% |
| Tangible fixed assets22/27 | €5,274 | €2,941 | €607 | €5,151 | €2,768 | ▼ 46.3% |
| Furniture and vehicles24 | €5,274 | €2,941 | €607 | €5,151 | €2,768 | ▼ 46.3% |
| Current assets29/58 | €11,897 | €2,504 | €62,856 | €93,087 | €121,332 | ▲ 30.3% |
| Stocks and contracts in progress3 | €9,440 | €0 | €45,290 | €78,684 | €83,602 | ▲ 6.2% |
| Stocks30/36 | €9,440 | €0 | €45,290 | €78,684 | €83,602 | ▲ 6.2% |
| Amounts receivable within one year40/41 | €1,983 | €1,401 | €14,025 | €12,384 | €15,340 | ▲ 23.9% |
| Trade receivables40 | - | €464 | €5,324 | €12,384 | €15,340 | ▲ 23.9% |
| Other amounts receivable41 | €1,983 | €937 | €8,701 | €0 | - | - |
| Cash at bank and in hand54/58 | €57 | €965 | €3,542 | €2,018 | €22,390 | ▲ 1,009% |
| Deferred charges and accrued income490/1 | €416 | €138 | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €17,171 | €5,445 | €63,464 | €98,237 | €124,099 | ▲ 26.3% |
| Equity10/15 | -€24,498 | -€57,388 | -€44,056 | -€23,771 | -€24,490 | ▼ 3.0% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | -€26,498 | -€59,388 | -€46,056 | -€25,771 | -€26,490 | ▼ 2.8% |
| Amounts payable17/49 | €41,669 | €62,832 | €107,520 | €122,009 | €148,590 | ▲ 21.8% |
| Amounts payable within one year42/48 | €41,669 | €62,832 | €107,520 | €122,009 | €148,590 | ▲ 21.8% |
| Trade debts44 | €8,481 | €396 | €420 | €3,717 | €1,659 | ▼ 55.4% |
| Suppliers440/4 | €8,481 | €396 | €420 | €3,717 | €1,659 | ▼ 55.4% |
| Taxes, remuneration and social security45 | €4,269 | €140 | €263 | €2,642 | €4,198 | ▲ 58.9% |
| Taxes450/3 | €395 | €140 | €263 | €2,091 | €2,245 | ▲ 7.4% |
| Remuneration and social security454/9 | €3,874 | €0 | - | €552 | €1,953 | ▲ 254% |
| Other amounts payable47/48 | €28,918 | €62,296 | €106,836 | €115,649 | €142,733 | ▲ 23.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€26,498 | -€32,890 | €13,332 | €20,285 | -€719 | ▼ 104% |
| + Depreciation and write-downs630 | €1,726 | €2,333 | €2,333 | €2,606 | €2,383 | ▼ 8.6% |
| Operating cash flow (approximation) | -€24,772 | -€30,557 | €15,665 | €22,891 | €1,664 | ▼ 92.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€7,150 | €0 | ▲ 100% |
| Change in cash | - | €908 | €2,577 | -€1,523 | €20,371 | ▲ 1,438% |
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
12-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 12 days late
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Highest result since 2021net €20,285 ▲52.2%
Operating result €21,176, net result €20,285, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €13,332
Net result €13,332 after 2 loss-making years.
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
31-12
Financial
Weakest financial yearnet -€32,890
Net result drops to -€32,890, the lowest in the series; recovery starts the following year.
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 5 days late
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, Sint-Jans-Molenbeek · 1 establishment unit since 2021
Ground area
272 m²
Building footprint
269 m²
Volume, LiDAR
2,919 m³
Parcel 21523B0782/00C003, Brussels · tallest building 18.5 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
MO’BIKE
since 20212.316.935.664
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21523B0782/00C003 | Brussels | 272 m² | 1 · 269 m² | 18.5 m · 3 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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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 10,664 companies in sector 47811 we hold annual accounts for 5,226. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded06-04-2021
Fiscal year end31-12
Activities, NACEBEL 2025
47120Other non-specialised retail sale
47811Retail sale of cars and light vans (up to 3.5 tonnes)
46180Agents specialised in the wholesale of other particular products
47639Retail sale of other sporting goods
Contact
E-mail
pfgroup123@gmail.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0766380271
Also
9925:BE0766380271
Registered
04-03-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.