SEDA
ActiveSEDA has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.00M and a net result of €278k. Equity is growing by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 82% of 9183 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
83
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▼-5
Solvency100▲+1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €490k at 30 days acceptable
Liquidity ample (current ratio 3.85 against 6.23 in 2024; short-term debt: 4.8% and cash: 4.2% of total assets), and 24.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
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
75.1%
Return on assets
3.5%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 24-02-2026, 65 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
65 d early
2024
54 d early
2023
57 d early
2022
72 d early
2021
120 d early
2020
116 d early
2019
21 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€6.00M▲ 4.9%
2024 · €5.72M
2018: €4.31M
2019: €3.76M
2020: €3.98M
2021: €4.34M
2022: €4.94M
2023: €5.16M
2024: €5.72M
2018 → 2025
Total assets
€7.99M▲ 3.8%
2024 · €7.70M
2018: €4.64M
2019: €4.79M
2020: €4.92M
2021: €5.30M
2022: €7.96M
2023: €7.15M
2024: €7.70M
2018 → 2025
Net result
€278k▼ 51.3%
2024 · €572k
2018: €411k
2019: €330k
2020: €212k
2021: €355k
2022: €600k
2023: €238k
2024: €572k
2018 → 2025
Working capital
€1.09M▼ 13.0%
2024 · €1.26M
2018: €849k
2019: €340k
2020: €1.53M
2021: €2.25M
2022: €699k
2023: €821k
2024: €1.26M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€4.34M-€4.94M▲ 13.8%€5.16M▲ 4.6%€5.72M▲ 10.9%€6.00M▲ 4.9%
Operating result€474k-€606k▲ 27.7%€277k▼ 54.2%€735k▲ 165%€323k▼ 56.0%
Net result€355k-€600k▲ 68.9%€238k▼ 60.3%€572k▲ 140%€278k▼ 51.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 56% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.99M
Fixed assets
€6.51M▲ 5.0%
Current assets
€1.48M▼ 1.3%
Equity and liabilities €7.99M
Equity
€6.00M▲ 4.9%
Provisions
€325k▲ 24.3%
Debt
€1.66M▼ 3.0%
The debt ratio falls from 22.3% to 20.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€523k▼
2024 · €983k
Cash flow
€478k▼
2024 · €820k
Solvency
75.1%▲
2024 · 74.3%
Current ratio
3.85▼
2024 · 6.23
Quick ratio
3.85▼
2024 · 6.23
Debt / equity
0.28▼
2024 · 0.30
ROE
4.6%▼
2024 · 10.0%
ROA
3.5%▼
2024 · 7.4%
Interest coverage
80.44▼
2024 · 120.18
Debt
€1.66M▼
2024 · €1.71M
Debt ≤ 1 year
€383k▲
2024 · €240k
Debt > 1 year
€1.26M▼
2024 · €1.47M
Income taxes
€23k▼
2024 · €23k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€7.70M€7.99M▲
Fixed assets21/28€6.20M€6.51M▲
Tangible fixed assets22/27€6.13M€6.44M▲
Land and buildings22€6.03M€6.18M▲
Plant, machinery and equipment23€75k€54k▼
Furniture and vehicles24€10k€574▼
Assets under construction and advance payments27€14k€207k▲
Financial fixed assets28€69k€69k=
Current assets29/58€1.50M€1.48M▼
Amounts receivable within one year40/41€4k€10k▲
Trade receivables40€0€1k▲
Other amounts receivable41€4k€9k▲
Current investments50/53€1.40M€1.13M▼
Cash at bank and in hand54/58€90k€334k▲
Deferred charges and accrued income490/1€3k€8k▲
Equity and liabilities
Total equity and liabilities10/49€7.70M€7.99M▲
Equity10/15€5.72M€6.00M▲
Contributions10/11€217k€217k=
Capital10€217k€217k=
Issued capital100€250k€250k=
Uncalled capital101€33k€33k=
Reserves13€5.51M€5.78M▲
Non-distributable reserves130/1€25k€25k=
Legal reserve130€25k€25k=
Tax-exempt reserves132€731k€922k▲
Distributable reserves133€4.75M€4.84M▲
Provisions and deferred taxes16€262k€325k▲
Deferred taxes168€262k€325k▲
Amounts payable17/49€1.71M€1.66M▼
Amounts payable after more than one year17€1.47M€1.26M▼
Financial debts170/4€573k€365k▼
Other amounts payable178/9€900k€900k=
Amounts payable within one year42/48€240k€383k▲
Current portion of amounts payable after more than one year42€208k€208k=
Trade debts44€21k€134k▲
Suppliers440/4€21k€134k▲
Taxes, remuneration and social security45€11k€0▼
Taxes450/3€11k€0▼
Other amounts payable47/48€0€41k▲
Accrued charges and deferred income492/3€1k€15k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€248k€200k▼
Other operating charges640/8€17k€17k▲
Gross operating margin9900€1,000k€540k▼
Operating profit (loss)9901€735k€323k▼
Financial income75/76B€43k€48k▲
Recurring financial income75€43k€48k▲
Financial charges65/66B€8k€6k▼
Recurring financial charges65€8k€6k▼
Profit (loss) for the period before taxes9903€770k€364k▼
Transfer from deferred taxes780€14k€8k▼
Transfer to deferred taxes680€190k€72k▼
Income taxes67/77€23k€23k▼
Profit (loss) for the period9904€572k€278k▼
Transfer from tax-exempt reserves789€43k€24k▼
Transfer to tax-exempt reserves689€569k€215k▼
Profit (loss) for the period to be appropriated9905€46k€87k▲
Appropriation of the result
Profit (loss) to be appropriated9906€46k€87k▲
Transfer to equity691/2€46k€87k▲
To other reserves6921€46k€87k▲
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
07-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
04-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Liquidity triplescurrent ratio 4.61
Current ratio from 1.64 to 4.61; short-term debt falls from €1.10M to €227k.
30-09
Financial
Equity above €5MEq €5.16M ▲4.6%
6 profitable years in a row build equity to €5.16M.
17-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Highest result since 2018net €600k ▲68.9%
Net result €600k, the highest in the series.
2021
31-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
04-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Weakest financial yearnet €212k ▼35.7%
Net result drops to €212k, the lowest in the series; recovery starts the following year.
30-09
Financial
Liquidity times 392current ratio 528.68
Current ratio from 1.35 to 528.68; short-term debt falls from €980k to €3k.
09-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
15-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
22-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
22-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Nieuwpoort · 1 establishment unit since 1989
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Jozef Cardijnlaan 128620 NieuwpoortGround area
814 m²
Building footprint
182 m²
Volume, LiDAR
904 m³
Parcel 38402E0156/00X002, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Jozef Cardijnlaan 12, 8620 Nieuwpoort
since 19892.046.242.615
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38402E0156/00X002 | Flanders | 813 m² | 1 · 182 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 9,695 companies in sector 68121 we hold annual accounts for 7,383. 1,655 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded08-12-1989
Fiscal year end30-09
Activities, NACEBEL
68121Development of residential building projects
70111
73200Market research and public opinion polling
74131
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.