SEDELEK
ActiveSummary
The computed 12-month bankruptcy probability of SEDELEK is 2.2% (moderate). The 2024 annual accounts show equity of €371,199 and a net result of €132,948. Equity is growing by ~37.7% per year across the filed fiscal years. The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability99▼-1
Solvency93▲+3
Growth78=
Track record94
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 3.07 against 2.95 in 2023; short-term debt: 28.3% and cash: 28.6% of total assets), and 31.6% of the assets are financed with debt.
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Signals
Three 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 →
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 23-06-2026, 38 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
38 d early
2024
121 d early
2023
on the day
2022
32 d early
2021
30 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 32 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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. Usually files around 29 June (4 of the last 5 filed years within 62 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€371,199▼ 1.9%
2023 · €378,251
Total assets
€542,459▼ 6.3%
2023 · €579,186
Net result
€132,948▼ 10.0%
2023 · €147,760
Working capital
€317,943▼ 0.4%
2023 · €319,094
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Operating result€46,391-€243,972▲ 426%€189,290▼ 22.4%€172,280▼ 9.0%
Net result€39,004within the sector's middle half-€194,188above the sector's middle half▲ 398%€147,760above the sector's middle half▼ 23.9%€132,948within the sector's middle half▼ 10.0%
Equity€77,404below the sector's middle half-€243,991within the sector's middle half▲ 215%€378,251within the sector's middle half▲ 55.0%€371,199within the sector's middle half▼ 1.9%
Total assets€139,862below the sector's middle half-€411,553below the sector's middle half▲ 194%€579,186within the sector's middle half▲ 40.7%€542,459within the sector's middle half▼ 6.3%
Debt€62,459-€167,562▲ 168%€200,935▲ 19.9%€171,261▼ 14.8%
Working capital€62,062within the sector's middle half-€202,368within the sector's middle half▲ 226%€319,094within the sector's middle half▲ 57.7%€317,943within the sector's middle half▼ 0.4%
Solvency55.3%within the sector's middle half-59.3%within the sector's middle half▲ 3.9pp65.3%above the sector's middle half▲ 6.0pp68.4%above the sector's middle half▲ 3.1pp
Current ratio2.35within the sector's middle half-2.51within the sector's middle half▲ 0.162.95above the sector's middle half▲ 0.453.07within the sector's middle half▲ 0.11
Return on assets (ROA)27.9%above the sector's middle half-47.2%above the sector's middle half▲ 19.3pp25.5%above the sector's middle half▼ 21.7pp24.5%above the sector's middle half▼ 1.0pp
Staff (FTE)0.2below the sector's middle half-1.3below the sector's middle half▲ 550%2.3within the sector's middle half▲ 76.9%2.6within the sector's middle half▲ 13.0%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 9% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €542,459
Fixed assets
€70,833 ▼ 26.8%
Current assets
€471,626 ▼ 2.2%
Equity and liabilities €542,459
Equity
€371,199 ▼ 1.9%
Debt
€171,261 ▼ 14.8%
Debt's share of the balance-sheet total falls from 34.7% to 31.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€199,669▼
2023 · €210,034
Cash flow
€160,337▼
2023 · €168,504
Quick ratio
1.89▼
2023 · 2.04
Debt to equity
0.46▼
2023 · 0.53
ROE
35.8%▼
2023 · 39.1%
Interest coverage
50.96▲
2023 · 32.38
Debt ≤ 1 year
€153,683▼
2023 · €163,259
Debt > 1 year
€17,577▼
2023 · €37,676
Income taxes
€38,052=
2023 · €38,057
Staff costs
€133,742▲
2023 · €93,982
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 26,975 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 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €575 | €17,935 | €93,982 | €133,742 | ▲ 42.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,905 | €9,583 | €20,744 | €27,389 | ▲ 32.0% |
| Other operating charges640/8 | €154 | €269 | €627 | €1,480 | ▲ 136% |
| Gross operating margin9900 | €55,026 | €271,759 | €304,643 | €334,892 | ▲ 9.9% |
| Operating profit (loss)9901 | €46,391 | €243,972 | €189,290 | €172,280 | ▼ 9.0% |
| Financial income75/76B | €1,462 | €3,060 | €3,012 | €2,637 | ▼ 12.4% |
| Recurring financial income75 | €1,462 | €3,060 | €3,012 | €2,637 | ▼ 12.4% |
| Financial charges65/66B | €1,388 | €5,061 | €6,486 | €3,918 | ▼ 39.6% |
| Recurring financial charges65 | €1,388 | €5,061 | €6,486 | €3,918 | ▼ 39.6% |
| Profit (loss) for the period before taxes9903 | €46,464 | €241,972 | €185,816 | €170,999 | ▼ 8.0% |
| Income taxes67/77 | €7,461 | €47,784 | €38,057 | €38,052 | = |
| Profit (loss) for the period9904 | €39,004 | €194,188 | €147,760 | €132,948 | ▼ 10.0% |
| Profit (loss) for the period to be appropriated9905 | €39,004 | €194,188 | €147,760 | €132,948 | ▼ 10.0% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €139,862 | €411,553 | €579,186 | €542,459 | ▼ 6.3% |
| Fixed assets21/28 | €31,773 | €74,959 | €96,833 | €70,833 | ▼ 26.8% |
| Intangible fixed assets21 | €1,116 | €752 | €389 | €25 | ▼ 93.6% |
| Tangible fixed assets22/27 | €30,657 | €74,207 | €96,444 | €70,809 | ▼ 26.6% |
| Plant, machinery and equipment23 | €1,905 | €10,423 | €10,162 | €8,431 | ▼ 17.0% |
| Furniture and vehicles24 | €28,752 | €63,784 | €86,282 | €62,378 | ▼ 27.7% |
| Current assets29/58 | €108,089 | €336,594 | €482,354 | €471,626 | ▼ 2.2% |
| Stocks and contracts in progress3 | €39,944 | €147,392 | €149,544 | €180,416 | ▲ 20.6% |
| Stocks30/36 | €13,930 | €120,499 | €133,700 | €149,616 | ▲ 11.9% |
| Contracts in progress37 | €26,014 | €26,893 | €15,844 | €30,800 | ▲ 94.4% |
| Amounts receivable within one year40/41 | €20,825 | €118,212 | €167,939 | €126,900 | ▼ 24.4% |
| Trade receivables40 | €13,521 | €101,910 | €145,247 | €100,300 | ▼ 30.9% |
| Other amounts receivable41 | €7,304 | €16,303 | €22,692 | €26,599 | ▲ 17.2% |
| Cash at bank and in hand54/58 | €47,320 | €69,932 | €162,690 | €155,246 | ▼ 4.6% |
| Deferred charges and accrued income490/1 | - | €1,058 | €2,181 | €9,064 | ▲ 316% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €139,862 | €411,553 | €579,186 | €542,459 | ▼ 6.3% |
| Equity10/15 | €77,404 | €243,991 | €378,251 | €371,199 | ▼ 1.9% |
| Contributions10/11 | €40,000 | €40,000 | €40,000 | €40,000 | = |
| Reserves13 | €37,404 | €203,991 | €338,251 | €331,199 | ▼ 2.1% |
| Distributable reserves133 | €37,404 | €203,991 | €338,251 | €331,199 | ▼ 2.1% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €62,459 | €167,562 | €200,935 | €171,261 | ▼ 14.8% |
| Amounts payable after more than one year17 | €16,431 | €33,336 | €37,676 | €17,577 | ▼ 53.3% |
| Financial debts170/4 | €16,431 | €33,336 | €37,676 | €17,577 | ▼ 53.3% |
| Amounts payable within one year42/48 | €46,028 | €134,226 | €163,259 | €153,683 | ▼ 5.9% |
| Current portion of amounts payable after more than one year42 | €7,749 | €32,450 | €49,600 | €26,349 | ▼ 46.9% |
| Trade debts44 | €26,779 | €35,952 | €62,983 | €44,539 | ▼ 29.3% |
| Suppliers440/4 | €26,779 | €35,952 | €62,983 | €44,539 | ▼ 29.3% |
| Taxes, remuneration and social security45 | €9,900 | €37,104 | €37,177 | €12,796 | ▼ 65.6% |
| Taxes450/3 | €7,461 | €30,245 | €22,784 | €21 | ▼ 99.9% |
| Remuneration and social security454/9 | €2,439 | €6,859 | €14,393 | €12,775 | ▼ 11.2% |
| Other amounts payable47/48 | €1,600 | €28,720 | €13,500 | €70,000 | ▲ 419% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39,004 | €194,188 | €147,760 | €132,948 | ▼ 10.0% |
| + Depreciation and write-downs630 | €7,905 | €9,583 | €20,744 | €27,389 | ▲ 32.0% |
| Operating cash flow (approximation) | €46,909 | €203,771 | €168,504 | €160,337 | ▼ 4.8% |
| Investment in fixed assets (approximation) | - | -€52,770 | -€42,618 | -€1,390 | ▲ 96.7% |
| Change in cash | - | €22,611 | €92,758 | -€7,444 | ▼ 108% |
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
23-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
01-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2021net €194,188 ▲398%
Operating result €243,972, net result €194,188, both a record.
31-12
Financial
Equity above €200,000Eq €243,991 ▲215%
2 profitable years in a row build equity to €243,991.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Torhout · 1 establishment unit since 2021
Ground area
1,173 m²
Building footprint
495 m²
Parcel 31523E0704/00A000, Flanders. Linked by address, not a title deed.
1 establishment unit
SEDELEK
since 20212.312.130.008
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31523E0704/00A000 | Flanders | 1,173 m² | 1 · 495 m² | - |
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 to 2025 · 3 entries · 290 EUR awarded · 290 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 0 EUR | 185 EUR |
| 2024 | 1 | 185 EUR | 0 EUR |
| 2022 | 1 | 105 EUR | 105 EUR |
Recognitions · licences · registrations
Dual-learning approval
9 live approvals · 1 endedElektrische installaties duaal (so)
Elektrische installaties duaal (so)
Elektrotechnicus (vwo)
Elektrotechnicus duaal (so)
Elektrotechnisch installateur (vwo)
Elektrotechnisch installateur (vwo)
Show 3 more
Installateur elektrotechnische basiscomponenten duaal (so)
Installateur elektrotechnische basiscomponenten duaal (so)
Technicus gebouwenautomatisering en energiemanagement duaal (so)
Show 1 ended approval
Residentieel elektrotechnisch installateur (so)
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Of 22,827 companies in sector 43211 we hold annual accounts for 10,338. 7,172 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
Founded04-01-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0760798021
Registered
05-05-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.