Sede Benelux
ActiveSede Benelux has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.39M and a net result of €1.01M. Equity is shrinking by ~24% per year across the filed fiscal years. Its solvency ranks better than 18% of 227 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
54
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▼-1
Solvency41▲+1
Growth52▲+1
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity tight (current ratio 1.27 against 1.27 in 2024; short-term debt: 73.7% and cash: 0% of total assets), and 83.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Ten signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
16.2%
Return on assets
11.7%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 38
Relative position
BE, all sectors
reference
Sector 38
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 227 sector peers (2025).
NBB · sector comparisonPosition among 227 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
27 d early
2023
47 d early
2022
46 d early
2021
31 d early
2020
4 d early
2019
16 d early
← before the deadline
after the deadline →
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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€20.46M▲ 5.1%
2024 · €19.47M
2018: €17.47M
2020: €15.60M
2021: €15.67M
2022: €19.77M
2023: €20.75M
2024: €19.47M
2018 → 2025
EBIT margin
6.8%▼ 0.4pp
2024 · 7.1%
2018: 7.6%
2020: 7.7%
2021: 13.3%
2022: 9.0%
2023: 7.5%
2024: 7.1%
2018 → 2025
Net result
€1.01M▼ 2.3%
2024 · €1.03M
2018: €695k
2020: €849k
2021: €1.67M
2022: €1.22M
2023: €1.19M
2024: €1.03M
2018 → 2025
Working capital
€1.71M▼ 4.4%
2024 · €1.79M
2018: €6.62M
2020: €7.42M
2021: €6.46M
2022: €1.84M
2023: €2.05M
2024: €1.79M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€15.67M-€19.77M▲ 26.2%€20.75M▲ 5.0%€19.47M▼ 6.2%€20.46M▲ 5.1%
Equity€7.21M-€2.34M▼ 67.6%€1.86M▼ 20.4%€1.39M▼ 25.3%€1.39M=
Operating result€2.08M-€1.78M▼ 14.4%€1.55M▼ 12.9%€1.39M▼ 10.5%€1.39M▼ 0.3%
Net result€1.67M-€1.22M▼ 26.8%€1.19M▼ 2.7%€1.03M▼ 13.5%€1.01M▼ 2.3%
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 0% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.58M
Fixed assets
€541k▼ 20.7%
Current assets
€8.04M▼ 4.0%
Equity and liabilities €8.58M
Equity
€1.39M=
Provisions
€295k▼ 9.2%
Debt
€6.89M▼ 6.1%
The debt ratio falls from 81.1% to 80.3%. Debt is lower.
Key figures and ratios
EBITDA
€1.54M▼
2024 · €1.64M
Cash flow
€1.16M▼
2024 · €1.28M
Solvency
16.2%▲
2024 · 15.4%
Current ratio
1.27▼
2024 · 1.27
Quick ratio
1.27▼
2024 · 1.27
Debt / equity
4.96▼
2024 · 5.28
ROE
72.4%▼
2024 · 74.1%
ROA
11.7%▲
2024 · 11.4%
Interest coverage
73474.91▲
2024 · 11773.48
Debt
€6.89M▼
2024 · €7.34M
Debt ≤ 1 year
€6.32M▼
2024 · €6.58M
Income taxes
€398k▼
2024 · €470k
Staff costs
€2.23M▼
2024 · €2.28M
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€9.05M€8.58M▼
Fixed assets21/28€681k€541k▼
Intangible fixed assets21€2k€17k▲
Tangible fixed assets22/27€504k€368k▼
Land and buildings22€192k€132k▼
Plant, machinery and equipment23€271k€221k▼
Furniture and vehicles24€9k€13k▲
Other tangible fixed assets26€0€0=
Assets under construction and advance payments27€33k€2k▼
Financial fixed assets28€175k€156k▼
Other financial fixed assets284/8€175k€156k▼
Amounts receivable and cash guarantees285/8€175k€156k▼
Current assets29/58€8.37M€8.04M▼
Stocks and contracts in progress3€0€0=
Stocks30/36€0€0=
Work in progress32€0€0=
Amounts receivable within one year40/41€8.37M€8.02M▼
Trade receivables40€5.06M€5.40M▲
Other amounts receivable41€3.31M€2.62M▼
Cash at bank and in hand54/58€0€16▲
Deferred charges and accrued income490/1€8k€14k▲
Equity and liabilities
Total equity and liabilities10/49€9.05M€8.58M▼
Equity10/15€1.39M€1.39M=
Contributions10/11€500k€500k=
Capital10€500k€500k=
Issued capital100€500k€500k=
Reserves13€360k€360k=
Non-distributable reserves130/1€50k€50k=
Legal reserve130€50k€50k=
Distributable reserves133€310k€310k=
Profit (loss) carried forward14€530k€530k=
Provisions and deferred taxes16€325k€295k▼
Provisions for liabilities and charges160/5€325k€295k▼
Major repairs and maintenance162€271k€271k=
Environmental obligations163€54k€24k▼
Amounts payable17/49€7.34M€6.89M▼
Amounts payable within one year42/48€6.58M€6.32M▼
Trade debts44€4.14M€4.43M▲
Suppliers440/4€4.14M€4.43M▲
Advances received on contracts in progress46€33k€33k=
Taxes, remuneration and social security45€783k€729k▼
Taxes450/3€228k€371k▲
Remuneration and social security454/9€555k€358k▼
Other amounts payable47/48€1.63M€1.13M▼
Accrued charges and deferred income492/3€758k€568k▼
Income statement
Code20242025
Operating income70/76A€19.54M€20.70M▲
Turnover70€19.47M€20.46M▲
Change in stocks of work in progress, finished goods and contracts in progress71€0€0=
Other operating income74€68k€58k▼
Non-recurring operating income76A-€179k
Operating charges60/66A€18.15M€19.31M▲
Goods for resale, raw materials and consumables60€13.47M€14.89M▲
Purchases600/8€13.47M€14.89M▲
Services and other goods61€1.77M€1.69M▼
Remuneration, social security and pensions62€2.28M€2.23M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€246k€157k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-19k€-7k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€7k€-30k▼
Other operating charges640/8€402k€336k▼
Non-recurring operating charges66A-€44k
Operating profit (loss)9901€1.39M€1.39M▼
Financial income75/76B€137k€44k▼
Recurring financial income75€137k€44k▼
Income from current assets751€135k€43k▼
Other financial income752/9€2k€1k▼
Financial charges65/66B€27k€26k▼
Recurring financial charges65€27k€26k▼
Debt charges650€139€21▼
Other financial charges652/9€27k€26k▼
Profit (loss) for the period before taxes9903€1.50M€1.40M▼
Income taxes67/77€470k€398k▼
Taxes670/3€472k€398k▼
Tax adjustments and reversals of tax provisions77€2k-
Profit (loss) for the period9904€1.03M€1.01M▼
Profit (loss) for the period to be appropriated9905€1.03M€1.01M▼
Appropriation of the result
Profit (loss) to be appropriated9906€2.03M€1.54M▼
Profit (loss) brought forward from the previous period14P€1.00M€530k▼
Profit to be distributed694/7€1.50M€1.01M▼
Return on contributions (dividend)694€1.50M€1.01M▼
Social balance
Average headcount (FTE)908728.526.3▼
The notes to these accounts (94 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
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €1.67M ▲97%
Operating result €2.08M, net result €1.67M, both a record.
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
26-06-2025
Nicolas GERMOND: Resigned as Director
31-05-2023
Alexandre SEGUI: Resigned as Director
31-05-2023
Arnaud DEVILLEPOIX: Resigned as Director
31-05-2023
Edith COUNE: Resigned as Director
31-05-2023
VERBEEK Marc M.J.L. & PARTNERS SC(S): Resigned as Director
16-07-2020
Hubert BRUNET: Resigned as Managing director
23-08-2018
Goldine Georges: Resigned as Director
13-12-2012
Olivier Bret: Resigned as Director
26-01-2011
David Alexandre: Resigned as Director
Location & real-estate footprint
Registered office, Gembloux · 4 establishment units since 1993
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.
Rue Camille Hubert,Isnes 35032 GemblouxGround area
11.2 ha
Building footprint
814 m²
Volume, LiDAR
7,630 m³
4 parcels, Flanders, Wallonia · tallest building 16.8 m, ±5 floors. Linked by address, not a title deed.
4 establishment units
Rue Camille Hubert,Isnes 3, 5032 Gembloux
since 19932.061.532.882
Dijkstraat 28, 9140 Temse
since 19952.061.532.783
HAINAUT COMPOST
since 20032.112.780.160
SAMBRE COMPOST
since 20062.157.304.348
4 parcels
Flanders
1
(25%)
Wallonia
3
(75%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53030D0178/00A000 | Wallonia | 7.8 ha | 1 · 45 m² | 3.6 m · 1 fl. |
| 52018C0010/00P000 | Wallonia | 3.3 ha | 1 · 229 m² | 7.5 m · 2 fl. |
| 46302D0284/00T000 | Flanders | 1,352 m² | 1 · 274 m² | 16.8 m · 5 fl. |
| 92065B0056/00Y000 | Wallonia | 359 m² | 1 · 266 m² | 11.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 3
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
1 auditor| F.C.G. Réviseurs d'Entreprises SRL Statutory auditor · represented by Olivier Ronsmans | - → 26-06-2025 |
Recognitions · licences · registrations
Food safety, FASFC
4 sitesGembloux2.061.532.882
Temse2.061.532.783
Farciennes2.157.304.348
Mons2.112.780.160
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Of 279 companies in sector 38330 we hold annual accounts for 240. 181 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded16-03-1993
Fiscal year end31-12
Activities, NACEBEL
38219Waste collection, recovery and disposal activities
38330Waste collection, recovery and disposal activities
71121Engineering and related technical consultancy, excluding land surveyors
74203
74909Other professional, scientific and technical activities
74999Other professional, scientific and technical activities
90021
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.