Sedece Projects
ActiveSummary
The computed 12-month bankruptcy probability of Sedece Projects is 2.4% (moderate). The 2025 annual accounts show equity of €110k and a net result of €-2k. Equity is growing by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 37% of 27965 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability31▼-21
Solvency60▲+1
Growth52=
Track record94
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 2.35 against 2.6 in 2024; short-term debt: 9.8% and cash: 3.8% of total assets), but 64.9% of the assets are financed with debt.
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Signals
Four 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
35.1%
Return on assets
-0.7%
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 30-03-2026, 31 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
31 d early
2024
30 d early
2023
on the day
2022
30 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today30-09-2026 close30-04-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Hiring this company for building work? Recognition, activities and what to check first.Contractor check Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Financials · fiscal year 2025, micro schema
Equity
€110k▼ 2.0%
2024 · €112k
Total assets
€313k▼ 3.8%
2024 · €325k
Net result
€-2k
2024 · €11k
Working capital
€41k▼ 13.8%
2024 · €48k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€118k-€3k▼ 97.9%€24k▲ 861%€7k▼ 72.2%
Net result€84k-€-1k€11k€-2k
Equity€103k-€102k▼ 1.3%€112k▲ 9.8%€110k▼ 2.0%
Total assets€144k-€312k▲ 117%€325k▲ 4.2%€313k▼ 3.8%
Debt€41k-€210k▲ 417%€213k▲ 1.5%€203k▼ 4.7%
Working capital€103k-€42k▼ 59.0%€48k▲ 13.7%€41k▼ 13.8%
Staff (FTE)1-0.3▼ 70.0%0.5▲ 66.7%
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 72% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €313k
Fixed assets
€241k ▼ 2.5%
Current assets
€72k ▼ 7.7%
Equity and liabilities €313k
Equity
€110k ▼ 2.0%
Debt
€203k ▼ 4.7%
Debt's share of the balance-sheet total falls from 65.6% to 64.9%. Equity and debt are lower.
Key figures and ratios
EBITDA
€13k▼
2024 · €30k
Cash flow
€4k▼
2024 · €17k
Current ratio
2.35▼
2024 · 2.60
Quick ratio
2.03▼
2024 · 2.49
Debt to equity
1.85▼
2024 · 1.91
ROE
-2.0%▼
2024 · 9.7%
ROA
-0.7%▼
2024 · 3.3%
Interest coverage
1.54▼
2024 · 3.44
Debt ≤ 1 year
€31k▲
2024 · €30k
Debt > 1 year
€172k▼
2024 · €183k
Income taxes
€539▼
2024 · €5k
Staff costs
€4k▲
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €6k | €638 | €2k | €4k | ▲ 79.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €33k | €6k | €6k | = |
| Other operating charges640/8 | €531 | €913 | €831 | €1k | ▲ 20.5% |
| Gross operating margin9900 | €124k | €37k | €34k | €18k | ▼ 45.6% |
| Operating profit (loss)9901 | €118k | €3k | €24k | €7k | ▼ 72.2% |
| Financial income75/76B | €171 | €46 | €4 | €0 | ▼ 99.7% |
| Recurring financial income75 | €171 | €46 | €4 | €0 | ▼ 99.7% |
| Financial charges65/66B | €74 | €3k | €9k | €8k | ▼ 5.1% |
| Recurring financial charges65 | €74 | €3k | €9k | €8k | ▼ 5.1% |
| Profit (loss) for the period before taxes9903 | €118k | €-915 | €15k | €-2k | ▼ 111% |
| Income taxes67/77 | €34k | €450 | €5k | €539 | ▼ 88.3% |
| Profit (loss) for the period9904 | €84k | €-1k | €11k | €-2k | ▼ 120% |
| Profit (loss) for the period to be appropriated9905 | €84k | €-1k | €11k | €-2k | ▼ 120% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €144k | €312k | €325k | €313k | ▼ 3.8% |
| Fixed assets21/28 | - | €253k | €247k | €241k | ▼ 2.5% |
| Tangible fixed assets22/27 | - | €253k | €247k | €241k | ▼ 2.5% |
| Land and buildings22 | - | €253k | €247k | €241k | ▼ 2.5% |
| Current assets29/58 | €144k | €59k | €78k | €72k | ▼ 7.7% |
| Stocks and contracts in progress3 | €500 | €15k | €3k | €10k | ▲ 207% |
| Stocks30/36 | €500 | €15k | €3k | €10k | ▲ 207% |
| Amounts receivable within one year40/41 | €9k | €16k | €41k | €40k | ▼ 3.1% |
| Trade receivables40 | €7k | €4k | €41k | €35k | ▼ 16.0% |
| Other amounts receivable41 | €2k | €12k | - | €5k | - |
| Cash at bank and in hand54/58 | €134k | €10k | €19k | €12k | ▼ 38.4% |
| Deferred charges and accrued income490/1 | - | €19k | €15k | €11k | ▼ 27.3% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €144k | €312k | €325k | €313k | ▼ 3.8% |
| Equity10/15 | €103k | €102k | €112k | €110k | ▼ 2.0% |
| Contributions10/11 | €20k | €20k | €20k | €20k | = |
| Reserves13 | €83k | €83k | €92k | €92k | = |
| Distributable reserves133 | €83k | €83k | €92k | €92k | = |
| Profit (loss) carried forward14 | - | €-1k | - | €-2k | - |
| Amounts payable17/49 | €41k | €210k | €213k | €203k | ▼ 4.7% |
| Amounts payable after more than one year17 | - | €193k | €183k | €172k | ▼ 5.9% |
| Financial debts170/4 | - | €193k | €183k | €172k | ▼ 5.9% |
| Amounts payable within one year42/48 | €41k | €17k | €30k | €31k | ▲ 2.0% |
| Current portion of amounts payable after more than one year42 | - | €10k | €10k | €11k | ▲ 4.5% |
| Trade debts44 | €5k | €3k | €13k | €14k | ▲ 12.4% |
| Suppliers440/4 | €5k | €3k | €13k | €14k | ▲ 12.4% |
| Advances received on contracts in progress46 | - | €1k | - | - | - |
| Taxes, remuneration and social security45 | €34k | - | €5k | €5k | ▼ 0.4% |
| Taxes450/3 | €34k | - | €5k | €5k | ▼ 0.4% |
| Other amounts payable47/48 | €2k | €2k | €1k | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €251 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €84k | €-1k | €11k | €-2k | ▼ 120% |
| + Depreciation and write-downs630 | - | €33k | €6k | €6k | = |
| Operating cash flow (approximation) | €84k | €32k | €17k | €4k | ▼ 76.6% |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | - |
| Change in cash | - | €-124k | €10k | €-7k | ▼ 177% |
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
30-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €-2k
Net result drops to €-2k, the lowest in the series.
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Deinze · 1 establishment unit since 2020
Ground area
141 m²
Building footprint
107 m²
Volume, LiDAR
1,008 m³
Parcel 44054A0373/00A002, Flanders · tallest building 13.9 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Sedece Projects
since 20202.310.028.373
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44054A0373/00A002 | Flanders | 141 m² | 1 · 106 m² | 13.9 m · 4 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.
Public money · subsidies and aid
Flemish government
2022 · 2 entries · 3,290 EUR awarded · 3,290 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 2 | 3,290 EUR | 3,290 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Stagebonus (stopgezet)
Recognitions · licences · registrations
Dual-learning approval
3 live approvals · 1 endedDecoratie en schilderwerken duaal (so)
Medewerker schilder- en behangwerken duaal (so)
Schilder-decorateur (vwo)
Show 1 ended approval
Schilder-decorateur (so)
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Of 7,867 companies in sector 43341 we hold annual accounts for 2,664. 2,246 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
Founded22-11-2020
Fiscal year end30-09
Activities, NACEBEL 2025
43341Painting of buildings
43230Insulation installation
43320Joinery installation
Scores and ratios are computed by Checked and are not a credit decision.