Equity
€927,262 from €3.5m in 2022
Equity fell by 73% in 3 years.
SEDCO
Part of the group
20 companies
Lifetime
20 annual accounts with figures on one time axis, 49 filings since 1977peak €2.1m (2019)
€879,800▼ 19.4%
peak €772,698 (2019)
€132,898▲ 508%
peak €3.5m (2022)
€927,262▲ 16.7%
€5.5m▲ 1.4%
peak 16.8 FTE (2022)
10.8 FTE▼ 15.6%
Board9 names since 2015
2 directors and 1 other
Owners2 names in the annual accounts
100%
Documentsfilings and deeds
14-07-202617 days before the deadline
2025abbreviated format
Gross margin from €1.1m to €879,800Result from €21,871 to €132,898Staff from 12.8 FTE to 10.8 FTEEquity from €794,364 to €927,262Investments €1.9mCash from €791,011 to €260,763
Key points
from the 2025 annual accountsResult
€132,898 ▲ 508%
The result rose in 2025: mostly from a one-off income of €644,567.
Turnover
≈ €4.4m estimated
The abbreviated format states no turnover.
Debts
€5.5m 86% of the balance sheet
Financial debts 79%Suppliers 11%Taxes and wages 6%Other 4%
€2.8m of the debts are secured on the company's own assets. In 2024 that was €3.1m.
Staff
10.8 FTE from 16.8 in 2022
Between 2022 and 2025, 36% of the full-time equivalents disappeared.
Position in the sector
14.3%
Lower solvency than 80% of companies in wholesale trade. Sector median 44.1% · 10,751 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 4,684 companies had the same profile as SEDCO has now. Each dot stands for 12 companies, two years later.
97.0%
were still trading
1.9%
stopped another way
1.1%
went bankrupt
Test of the method
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 4,684 companies, not a prediction for SEDCO. 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.
Credit verdict
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Board and ownership
Managing director,
Director, since 30-10-2023
Auditor,
- 100%score equity €4.1m (2025) · 2025 annual accounts of
Recent changes
Appointment: (statutory auditor)
General meeting of 03-10-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0415804455
Environmental permit granted
Bouwen of herbouwen, Gevel-, dak-, instandhoudings- en renovatiewerken binnen een gebouw, zonder volume- of oppervlaktewijziging, Het reliëf van de bodem aanmerkelijk wijzigen and 3 more · Aalst
1 director appointed, 3 resignations, 2 reappointments
Resignations: , and (managing director) · Permanent representatives: , , and · Reappointments: and · General meeting of 26-12-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SEDCO Ghent | €6.5m | €0.9m | 14.3% | 10.8 |
| MEERT Erpe-Mere | €5.0m | €1.0m | 21.1% | 12 |
| De Fauw en zonen Gavere | €6.5m | €1.6m | 82.4% | 10.3 |
| SEGERS MARCEL & ZOON Beveren-Kruibeke-Zwijndrecht | €5.4m | €1.2m | 72.6% | 9 |
| Oosterbosch en zonen Bilzen-Hoeselt | €5.6m | €1.2m | 92.9% | 11 |
| BASTIAENS J. Bilzen-Hoeselt | €4.8m | €0.7m | 41.0% | 10.8 |
| Jean LACROIX - Matériaux - Mazout Blegny | €4.0m | €0.9m | 25.1% | 12.3 |
These companies have the same main activity as SEDCO: wholesale of construction materials, general range (NACE 46831). They are comparable in size and age: total assets between €4m and €6.5m, founded between 1970 and 1987.
Official details
Source: KBO- Status
- Active since 13-02-1976Normal situation
- Activity
- Wholesale of construction materials, general rangeNACE 46831and 1 other
- Joint committees
- 124Construction
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.017.159.0459032 Ghent, since 01-01-1980
- Financial year end
- 31 December
- Peppol
- Reachable since 08-01-2026
Annual accounts 2025
- €6.5m▲ 3.3%
- Employeeson 31-12-2025
- 10▼ 16.7%
- Filing
- Filed on 14-07-2026, 17 days before the end of the filing period
Insights on SEDCO
SEDCO files the abbreviated format. That format states no turnover. The gross margin fell from €1.1m in 2006 to €879,800 in 2025.
holds all the shares. In February 2024, three directors stepped down. In January 2024, the Official Gazette published the appointment of as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SEDCO
- What is the company number of SEDCO?
- The company number of SEDCO is 0415.804.455. The VAT number is the same number with BE in front: BE 0415.804.455.
- Where is SEDCO based?
- The registered office is at Schouwingstraat 45, 9032 Ghent.Company details
- What does SEDCO do?
- According to the KBO register, the main activity is wholesale of construction materials, general range (NACE 46831).
- What is the legal form of SEDCO?
- SEDCO is a public limited company (NV).
- When was SEDCO founded?
- SEDCO was founded on 13-02-1976.
- Is SEDCO still active?
- Yes, SEDCO is an active enterprise in the KBO register.
- How many employees does SEDCO have?
- SEDCO had an average of 10.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does SEDCO fall under?
- In its 2025 annual accounts, SEDCO states joint committees 124 (Construction) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of SEDCO?
- The turnover in financial year 2025 is ≈ €4.4m. This figure is estimated from the gross margin of €879,800 and 139 comparable companies (NACE 46). It probably lies between €2.8m and €7.6m.
- Is SEDCO profitable?
- In financial year 2025, SEDCO made a profit of €132,898.
- Where can I find the annual accounts of SEDCO?
- SEDCO filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SEDCO due?
- SEDCO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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