SEDEYN
ActiveSummary
SEDEYN has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.3m and a net result of €155,048. Equity has been growing by about 12% per year since 2018. Its solvency ranks better than 74% of 2,445 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 02-02-2009 Normal situation
- Activity
- Other specialised construction activities NACE 43990and 1 other
- Joint committees
- 200 Aanvullend Paritair Comité voor de bedienden
- 124 Paritair Comité voor het bouwbedrijf · annual accounts 2025
- Establishment unit
- 2.176.194.109 9860 Oosterzele, since 02-02-2009
- Financial year end
- 31 December
- Peppol
- Reachable
Board and ownership
Board
- LAVASCODirector · since 19-12-2023 · permanent representative VANGHELUWE Lieven Guido Magda
Shareholders
- LAVASCO98.39%2025 annual accounts of LAVASCO
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
Annual accounts 2025
- Gross margin
- €1.3m
- ▲ 13.7%
- Turnover
- ≈ €3.5m
- estimated
- Profit
- €155,048
- ▲ 29.7%
- Equity
- €1.3m
- ▲ 10.9%
- Total assets
- €2.1m
- ▲ 9.4%
- Employees on 31-12-2025
- 15
- ▼ 6.3%
Score breakdownlowers riskLiquidity: current ratio 2.64, cash €740,580Founded in 2009Equity €1.3m (62.4% of total assets)Profit of €155,048 (financial year 2025)Show the evidence
Checked score
Score 2025
97
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 75% of small companies in specialised construction (NACE 43)
Financial strength · tick: 2024
Strong
Solvency
87=
equity 62.4% of total assets
Liquidity
79+3
short-term debt 33.5% · cash 35.0%
Profitability
78+2
return on assets 7.3%
Bankruptcy probability within 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025highest value
07-2025: < 0.1%● unchanged vs 06-2025lowest value
08-2025: < 0.1%● unchanged vs 07-2025lowest value
09-2025: < 0.1%● unchanged vs 08-2025lowest value
10-2025: < 0.1%● unchanged vs 09-2025lowest value
11-2025: < 0.1%● unchanged vs 10-2025lowest value
12-2025: < 0.1%● unchanged vs 11-2025lowest value
01-2026: < 0.1%● unchanged vs 12-2025lowest value
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Credit of up to €120,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.64 (2.79 in 2024), above the usual 1.5. Short-term debt is 33.5% and cash 35% of total assets. 37.6% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, small). It does better than 81% of them on solvency, 92% on liquidity, 66% on profitability and 63% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskneutral
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 22-06-2026, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
39 days early
2024
55 days early
2023
15 days early
2022
31 days early
2021
26 days early
2020
32 days early
2019
45 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 35 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, full format
Annual accounts 2025 filed on 22-06-2026 at the NBB all 16 filings
Amounts without an identifiable currency are taken as euros.
Turnover
≈ €3.5m
Estimated: probably between €2.7m and €4.7m
EBIT margin
Not included in this filing
Net result
€155,048▲ 29.7%
2024 · €119,528
Working capital
€1.2m▲ 14.9%
2024 · €1.0m
In the rankings
#6 company by equity in Oosterzele, Construction sector#8 company by total assets in Oosterzele, Construction sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
€210,691
▲ 35.2%
2025
20182025
Net result
€155,048
▲ 29.7%
2025
middle half of the sector
20182025
Equity
€1.3m
▲ 10.9%
2025
middle half of the sector
20182025
Total assets
€2.1m
▲ 9.4%
2025
middle half of the sector
20182025
Debt
€796,812
▲ 7.0%
2025
20182025
Working capital
€1.2m
▲ 14.9%
2025
highest quarter of the sector
20182025
Solvency
62.4%
▲ 0.8pp
2025
middle half of the sector
20182025
Current ratio
2.64
▼ 0.14
2025
middle half of the sector
20182025
Return on assets (ROA)
7.3%
▲ 1.1pp
2025
middle half of the sector
20182025
Staff (FTE)
14.7
▲ 4.3%
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.05m-€0.1m▲ 175%€0.2m▲ 17.9%€0.1m▼ 21.5%€0.2m▲ 52.8%€0.2m▼ 24.8%€0.2m▼ 1.0%€0.2m▲ 35.2%
Net result€0.05m-€0.1m▲ 139%€0.1mabove the sector's middle half▲ 19.7%€0.1mwithin the sector's middle half▼ 18.1%€0.2mabove the sector's middle half▲ 69.4%€0.1mwithin the sector's middle half▼ 37.2%€0.1mwithin the sector's middle half▲ 2.2%€0.2mwithin the sector's middle half▲ 29.7%
Equity€0.6m-€0.6m▲ 15.6%€0.8mabove the sector's middle half▲ 16.9%€0.8mabove the sector's middle half▲ 11.2%€1.0mabove the sector's middle half▲ 19.2%€1.1mabove the sector's middle half▲ 9.2%€1.2mabove the sector's middle half▲ 8.6%€1.3mwithin the sector's middle half▲ 10.9%
Total assets€1.3m-€1.3m▼ 3.1%€1.4mwithin the sector's middle half▲ 10.0%€1.6mabove the sector's middle half▲ 16.9%€1.9mabove the sector's middle half▲ 18.0%€1.8mabove the sector's middle half▼ 5.9%€1.9mabove the sector's middle half▲ 6.1%€2.1mwithin the sector's middle half▲ 9.4%
Debt€0.8m-€0.6m▼ 16.9%€0.6m▲ 2.9%€0.8m▲ 23.6%€0.9m▲ 16.8%€0.7m▼ 22.0%€0.7m▲ 2.2%€0.8m▲ 7.0%
Working capital€0.5m-€0.6m▲ 15.0%€0.7mabove the sector's middle half▲ 17.5%€0.8mabove the sector's middle half▲ 9.2%€0.9mabove the sector's middle half▲ 12.5%€0.9mabove the sector's middle half▲ 9.1%€1.0mabove the sector's middle half▲ 7.1%€1.2mabove the sector's middle half▲ 14.9%
Solvency42.6%-50.7%▲ 8.2pp53.9%within the sector's middle half▲ 3.2pp51.3%within the sector's middle half▼ 2.6pp51.8%within the sector's middle half▲ 0.5pp60.1%within the sector's middle half▲ 8.3pp61.5%within the sector's middle half▲ 1.5pp62.4%within the sector's middle half▲ 0.8pp
Current ratio1.78-2.06▲ 0.282.14within the sector's middle half▲ 0.082.00within the sector's middle half▼ 0.142.31within the sector's middle half▲ 0.322.85within the sector's middle half▲ 0.532.79within the sector's middle half▼ 0.062.64within the sector's middle half▼ 0.14
Return on assets (ROA)3.6%-8.8%▲ 5.2pp9.6%within the sector's middle half▲ 0.8pp6.7%within the sector's middle half▼ 2.9pp9.6%within the sector's middle half▲ 2.9pp6.4%within the sector's middle half▼ 3.2pp6.2%within the sector's middle half▼ 0.2pp7.3%within the sector's middle half▲ 1.1pp
Staff (FTE)16.7-17.6▲ 5.4%17.5above the sector's middle half▼ 0.6%16.3above the sector's middle half▼ 6.9%13.8above the sector's middle half▼ 15.3%14.2above the sector's middle half▲ 2.9%14.1above the sector's middle half▼ 0.7%14.7within the sector's middle half▲ 4.3%
above
within
below
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 35% higher than in 2024 and the highest since 2021. It is a recovery after the fall in 2024.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.1m
Fixed assets
€240,179 ▼ 31.4%
Current assets
€1.9m ▲ 18.4%
Equity and liabilities €2.1m
Equity
€1.3m ▲ 10.9%
Debt
€796,812 ▲ 7.0%
Debt's share of the balance-sheet total falls from 38.5% to 37.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€331,329▲
2024 · €267,358
Cash flow
€275,686▲
2024 · €231,077
Quick ratio
2.17▼
2024 · 2.26
Debt to equity
0.60▼
2024 · 0.63
ROE
11.7%▲
2024 · 10.0%
Interest coverage
40.67▲
2024 · 26.61
Debt ≤ 1 year
€710,476▲
2024 · €569,080
Debt > 1 year
€86,282▼
2024 · €173,486
Income taxes
€56,556▲
2024 · €42,871
Staff costs
€910,000▲
2024 · €825,021
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 16 | 16 | 15 | 16 | 15 |
| full-time | 11 | 10 | 9 | 10 | 10 |
| part-time | 5 | 6 | 6 | 6 | 5 |
| in full-time equivalents | 14.9 | 12.7 | 13.7 | 14.7 | 13.9 |
| Average over the year, in full-time equivalents | 16.3 | 13.8 | 14.2 | 14.1 | 14.7 |
| On a permanent contract | 16 | 16 | 15 | 16 | 15 |
| Joined | 3 | 4 | 0 | 5 | 2 |
| Left | 5 | 4 | 1 | 4 | 3 |
| Training hours | 155 | 28 | 42 | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €51,915 | €358,396 | €310,771 | €381,835 | €173,486 |
| Pledge on other assets, amount secured | €330,000 | €330,000 | €330,000 | €330,000 | €330,000 |
| Carrying value of the other pledged assets | €28,144 | €22,044 | €15,944 | €89,943 | €65,992 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €61,588 | €372,452 | €51,541 | €99,068 | €10,718 |
| Depreciation and write-downs of the year | €41,523 | €58,532 | €96,629 | €111,549 | €120,638 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 6 entries · €19,032 awarded · €18,273 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 2 | €13,164 | €12,461 |
| 2024 | 1 | €440 | €384 |
| 2023 | 2 | €4,759 | €4,759 |
| 2022 | 1 | €669 | €669 |
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €200 | €0.03m | €0.03m | €0.006m | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | - | - | €0.8m | €0.8m | €0.8m | €0.8m | €0.9m | ▲ 10.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.08m | €0.07m | €0.05m | €0.04m | €0.06m | €0.1m | €0.1m | €0.1m | ▲ 8.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0 | - | €0.1m | €0 | €0.001m | - |
| Other operating charges640/8 | - | - | - | €0.005m | €0.008m | €0.008m | €0.008m | €0.009m | ▲ 12.8% |
| Gross operating margin9900 | €1.0m | €1.1m | €1.0m | €1.0m | €1.1m | €1.2m | €1.1m | €1.3m | ▲ 13.7% |
| Operating profit (loss)9901 | €0.05m | €0.1m | €0.2m | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 35.2% |
| Financial income75/76B | - | - | - | €0.01m | €0.02m | €0.01m | €0.02m | €0.009m | ▼ 45.6% |
| Recurring financial income75 | €0.02m | €0.02m | €0.01m | €0.01m | €0.02m | €0.01m | €0.02m | €0.009m | ▼ 45.6% |
| Financial charges65/66B | - | - | - | €0.003m | €0.003m | €0.01m | €0.01m | €0.008m | ▼ 18.9% |
| Recurring financial charges65 | €0.005m | €0.004m | €0.003m | €0.003m | €0.003m | €0.01m | €0.01m | €0.008m | ▼ 18.9% |
| Profit (loss) for the period before taxes9903 | €0.06m | €0.2m | €0.2m | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 30.3% |
| Income taxes67/77 | €0.02m | €0.05m | €0.05m | €0.04m | €0.04m | €0.04m | €0.04m | €0.06m | ▲ 31.9% |
| Profit (loss) for the period9904 | €0.05m | €0.1m | €0.1m | €0.1m | €0.2m | €0.1m | €0.1m | €0.2m | ▲ 29.7% |
| Profit (loss) for the period to be appropriated9905 | €0.05m | €0.1m | €0.1m | €0.1m | €0.2m | €0.1m | €0.1m | €0.2m | ▲ 29.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.3m | €1.3m | €1.4m | €1.6m | €1.9m | €1.8m | €1.9m | €2.1m | ▲ 9.4% |
| Formation expenses20 | €0 | - | - | - | - | - | - | - | - |
| Fixed assets21/28 | €0.1m | €0.1m | €0.07m | €0.09m | €0.4m | €0.4m | €0.4m | €0.2m | ▼ 31.4% |
| Intangible fixed assets21 | €0 | - | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €0.1m | €0.1m | €0.07m | €0.09m | €0.4m | €0.4m | €0.4m | €0.2m | ▼ 31.4% |
| Plant, machinery and equipment23 | - | - | - | €0.02m | €0.02m | €0.01m | €0.01m | €0.01m | ▼ 2.5% |
| Furniture and vehicles24 | - | - | - | €0.07m | €0.4m | €0.3m | €0.3m | €0.2m | ▼ 32.4% |
| Other tangible fixed assets26 | - | - | - | €0.006m | €0.004m | €0.007m | €0.005m | €0.004m | ▼ 29.6% |
| Financial fixed assets28 | €0 | - | - | - | - | - | - | - | - |
| Current assets29/58 | €1.2m | €1.2m | €1.3m | €1.5m | €1.5m | €1.5m | €1.6m | €1.9m | ▲ 18.4% |
| Stocks and contracts in progress3 | €0.07m | €0.09m | €0.08m | €0.2m | €0.2m | €0.2m | €0.3m | €0.3m | ▲ 12.2% |
| Stocks30/36 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.3m | ▲ 12.3% |
| Contracts in progress37 | - | - | - | €0.04m | €0.05m | €0.06m | €0.06m | €0.07m | ▲ 11.9% |
| Amounts receivable within one year40/41 | €0.8m | €0.6m | €0.8m | €0.9m | €0.9m | €0.6m | €0.7m | €0.8m | ▲ 17.2% |
| Trade receivables40 | - | - | - | €0.8m | €0.9m | €0.5m | €0.7m | €0.8m | ▲ 18.8% |
| Other amounts receivable41 | - | - | - | €0.03m | €0.07m | €0.02m | €0.03m | €0.02m | ▼ 20.9% |
| Current investments50/53 | €0 | - | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.3m | €0.4m | €0.4m | €0.4m | €0.3m | €0.6m | €0.6m | €0.7m | ▲ 24.8% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €0.02m | €0.01m | €0.003m | ▼ 72.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.3m | €1.3m | €1.4m | €1.6m | €1.9m | €1.8m | €1.9m | €2.1m | ▲ 9.4% |
| Equity10/15 | €0.6m | €0.6m | €0.8m | €0.8m | €1.0m | €1.1m | €1.2m | €1.3m | ▲ 10.9% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.5m | €0.6m | €0.7m | €0.8m | €0.9m | €1.0m | €1.1m | €1.3m | ▲ 11.5% |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Distributable reserves133 | - | - | - | €0.8m | €0.9m | €1.0m | €1.1m | €1.3m | ▲ 11.6% |
| Profit (loss) carried forward14 | €0 | - | - | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €0.8m | €0.6m | €0.6m | €0.8m | €0.9m | €0.7m | €0.7m | €0.8m | ▲ 7.0% |
| Amounts payable after more than one year17 | €0.09m | €0.06m | €0.02m | €0.02m | €0.3m | €0.2m | €0.2m | €0.09m | ▼ 50.3% |
| Financial debts170/4 | - | - | - | €0.02m | €0.3m | €0.2m | €0.2m | €0.09m | ▼ 50.3% |
| Amounts payable within one year42/48 | €0.7m | €0.6m | €0.6m | €0.8m | €0.7m | €0.5m | €0.6m | €0.7m | ▲ 24.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.03m | €0.09m | €0.1m | €0.1m | €0.09m | ▼ 22.6% |
| Financial debts43 | - | - | - | €0 | - | - | - | - | - |
| Credit institutions430/8 | - | - | - | €0 | - | - | - | - | - |
| Trade debts44 | €0.4m | €0.3m | €0.4m | €0.4m | €0.5m | €0.3m | €0.3m | €0.3m | ▲ 16.0% |
| Suppliers440/4 | - | - | - | €0.4m | €0.5m | €0.3m | €0.3m | €0.3m | ▲ 16.0% |
| Advances received on contracts in progress46 | - | - | - | €0.3m | €0.05m | €0.03m | €0.09m | €0.2m | ▲ 110% |
| Taxes, remuneration and social security45 | - | - | - | €0.07m | €0.07m | €0.08m | €0.07m | €0.09m | ▲ 27.1% |
| Taxes450/3 | - | - | - | €0 | - | €0.004m | €0.003m | €0.02m | ▲ 477% |
| Remuneration and social security454/9 | - | - | - | €0.07m | €0.07m | €0.07m | €0.07m | €0.07m | ▲ 8.2% |
| Other amounts payable47/48 | - | - | - | €0.001m | €400 | €400 | €0.001m | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | - | - | €102 | €59 | €110 | €0.002m | €54 | ▼ 97.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €46,953 | €112,128 | €134,206 | €109,892 | €186,169 | €116,962 | €119,528 | €155,048 | ▲ 29.7% |
| + Depreciation and write-downs630 | €79,999 | €74,051 | €49,365 | €41,523 | €58,532 | €96,629 | €111,549 | €120,638 | ▲ 8.1% |
| Operating cash flow (approximation) | €126,952 | €186,178 | €183,571 | €151,414 | €244,701 | €213,591 | €231,077 | €275,686 | ▲ 19.3% |
| Investment in fixed assets (approximation) | - | -€56,407 | -€17,747 | -€61,588 | -€372,452 | -€51,541 | -€99,068 | -€10,718 | ▲ 89.2% |
| Change in cash | - | €84,317 | €16,712 | €3,822 | -€97,900 | €297,131 | -€50,099 | €147,210 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 17,811 companies had the same profile as SEDEYN has now. Two years later, 96.5% were still going and 0.3% had gone bankrupt.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
96.5%
was still going
3.1%
stopped otherwise
0.3%
went bankrupt
That fits the bankruptcy probability of SEDEYN itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 17,811 companies, not a prediction for SEDEYN. 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.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 22-06-2026 | 2026-00182907 | |
| 31-12-2024 | abbreviated format | 06-06-2025 | 2025-00125020 | |
| 31-12-2023 | abbreviated format | 16-07-2024 | 2024-00251091 | |
| 31-12-2022 | abbreviated format | 30-06-2023 | 2023-00192257 | |
| 31-12-2021 | abbreviated format | 05-07-2022 | 2022-20156953 | |
| 31-12-2020 | abbreviated format | 29-06-2021 | 2021-26700096 | |
| 31-12-2019 | abbreviated format | 16-06-2020 | 2020-17200259 | |
| 31-12-2018 | abbreviated format | 22-05-2019 | 2019-14000425 | |
| 31-12-2017 | abbreviated format | 20-06-2018 | 2018-20700154 | |
| 31-12-2016 | abbreviated format | 24-05-2017 | 2017-13300100 |
Board & ownership
Directors
Directors
1 director, last change in 2024
Board 1
LAVASCO
Current
Enige niet statutaire bestuurder · since 19-12-2023 · earlier director, until 24-01-2024 · term without a fixed end · Private limited company · permanent representative: VANGHELUWE Lieven Guido Magda · also on the board of 1 other company · listed in the 2025 annual accounts, filed on 22-06-2026
Permanent representatives 1
VANGHELUWE Lieven Guido Magda
Current
Permanent representative · appointed in the act of 24-01-2024 · for LAVASCO
Owners and capital
Shareholders
1 ownerChain of control
- LAVASCO
- SEDEYN
Owners 1
- LAVASCOparentSourceaccounts LAVASCO 2025Equity €1.7m Profit of €79,598 in 2025 (profit of €47,949 in 2024)98.39%
Capital transactions
Capital over time
- 24-01-2024 Capital stated in the deed · €62,000 · 620 shares
Mandate history
2 people, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| LAVASCO |
|
| VANGHELUWE Lieven Guido Magda |
|
Articles of association
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Ontbinding-vereffening-verdeling liquidatiesaldo, enige of elke vereffenaar individueel bevoegd voor alle nodige of dienstige handelingen…”
Articles of association, deed of 24-01-2024 (in Dutch)
Network & group
Companies at the same address
2 other companiesConnections & network
3 connected companiesThis company
Company
Director
Shareholding
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Linked via shared directors
DELTAMATICS
Shared corporate director
→
JAF INVEST
Shared corporate director
→
WINSOL
Shared corporate director
→
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
22-06
full format · 39 days before the deadline
2025
06-06
abbreviated format · 55 days before the deadline
2024
16-07
abbreviated format · 15 days before the deadline
24-01
Gazette deed
1 director appointed, 2 directors resigningChange of role: LAVASCO, from director to enige niet statutaire bestuurder · Resignation: VANGHELUWE Lieven Guido Magda (director) · Permanent representative: VANGHELUWE Lieven Guido Magda10 points ▸
Gazette deed
1 director appointed, 2 directors resigning
Change of role: LAVASCO, from director to enige niet statutaire bestuurder · Resignation: VANGHELUWE Lieven Guido Magda (director) · Permanent representative: VANGHELUWE Lieven Guido Magda10 points ▸
- General meeting, 19-12-2023
- Amendment of the articles, mentioned 3 times in the deed
- Board rule, “TWEEDE BESLUIT, artikelen 7:85-7:100 WVV” (deed in Dutch)
- Director resignation, LAVASCO (director)
- Director resignation, VANGHELUWE Lieven Guido Magda (director)
- Permanent representative, VANGHELUWE Lieven Guido Magda, mentioned 2 times in the deed
- Director appointment, LAVASCO (enige niet statutaire bestuurder)
- Capital, €62,000
- Registered office clause, “Vlaams Gewest, 9860 Oosterzele, Lange Ambachtstraat 6” (deed in Dutch)
- Power of attorney, mentioned 2 times in the deed
2023
30-06
abbreviated format · 31 days before the deadline
2022
31-12
Financial
Highest result from 2018 to 2025net €186,169 ▲69.4%
The net result of €186,169 is the highest of those years.
31-12
Financial
Equity above €1mequity €1.0m ▲19.2%
With a profit in every financial year since 2018, equity grows to €1.0m.
05-07
abbreviated format · 26 days before the deadline
2021
29-06
abbreviated format · 32 days before the deadline
2020
16-06
abbreviated format · 45 days before the deadline
2019
22-05
abbreviated format · 70 days before the deadline
2018
20-06
abbreviated format · 41 days before the deadline
2017
24-05
abbreviated format · 68 days before the deadline
2009
11-02
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
SEDEYN in Dutch
Enterprise number
0809.520.527
Legal form
Public limited company
Status
Active, normale toestand
Founded
02-02-2009
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 24-01-2024 (in Dutch)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaamse Gewest, voor zover geen wijziging taal statuten door taalwetgeving”
deed of 24-01-2024 (in Dutch)Registered office and establishments
Registered office
Lange Ambachtstraat 6, 9860 Oosterzele, Belgium
Establishment unit
SEDEYN, Lange Ambachtstraat 6, 9860 Oosterzele since 02-02-2009 · unit number 2.176.194.10943320 Joinery installation
Activities
NACEBEL 2025VAT activities
43990
Other specialised construction activities main activity
Social security (RSZ) activities
43320
Joinery installation main activity
Codes under NACEBEL 2008
VAT activities
43999
Specialised construction activities main activity
Social security (RSZ) activities
43320
Joinery installation main activity
Joint committees
200 Aanvullend Paritair Comité voor de bedienden
124 Paritair Comité voor het bouwbedrijf annual accounts 2025
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 24-01-2024 (in Dutch)
“Leveren en plaatsen,in-en uitvoer,van afsluitingen,omheiningen,afrasteringen,hekwerken,schuifpoorten,draaipoorten,enzovoorts,in allerhande…”
16 activities
- Leveren en plaatsen,in-en uitvoer,van afsluitingen,omheiningen,afrasteringen,hekwerken,schuifpoorten,draaipoorten,enzovoorts,in allerhande soorten materialen,vast,manueel bewegend of elektrisch bediend
- Leveren en plaatsen,in-en uitvoer,van allerhande producten ter afsluiting of mechanische beveiliging in diverse materialen,vast,manueel bewegend of elektrisch bediend
- Leveren en plaatsen,herstellen,aanleggen en onderhouden van verkeerssignalisatie
- Fabricatie van betonproducten en/of cementagglomeraten
- Groot-en kleinhandel van bouwmaterialen
- In-en uitvoer van bouwmaterialen en wegsignalisatie
- Onderneming voor het verhuren van autovoertuigen
- Verhuur van mechanische toestellen
- Consulting en adviesverlening met betrekking tot operationeel beheer van vennootschappen en ondernemingen,het verlenen van managementbijstand aan en het uitvoeren van managementtaken in vennootschappen en ondernemingen.Het waarnemen van alle bestuursopdrachten,het uitoefenen van opdrachten en functies in andere ondernemingen of vennootschappen
- De aan-en verkoop,in-en uitvoer,commissiehandel en vertegenwoordiging van om het even welke goederen,kortom tussenpersoon in de handel
- De bestudering van diverse problemen in verband met het opvatten en uitwerken van projecten van allerlei aard,zowel problemen van administratieve,organisatorische,financiële,juridische of technische aard en alle aanverwante vraagstukken,de eventuele tenuitvoerlegging van deze projecten onder eigen beheer of in medebeheer,voor eigen rekening of voor rekening van derden,het ter beschikking stellen en/of verhuren van goederen tegen vergoeding,van gebouwen,lokalen,materieel,rollend materieel,meubelen,producten en communicatiemedia in het kader van de in haar voorwerp genoemde activiteiten
- Het uitvoeren van alle studies en onderzoek,het verrichten van marktonderzoek,promotie,raadgeving,prospectie,marketing,assistentie op gebied van management,engineering en consulting,commercieel,technisch,administratief,financieel,fiscaal en juridisch beheer en advies
- Het verwerven door inschrijving,aankoop of anderszins,het vervreemden en het beheren van aandelen,obligaties,kasbons of andere roerende waarden,van welke vorm ook,van Belgische of buitenlandse,bestaande of nog op te richten vennootschappen en het beheer van een roerend vermogen,dit alles voor eigen rekening
- Bijdragen tot de vestiging en de ontwikkeling van ondernemingen en inzonderheid:het bevorderen van de oprichting van vennootschappen door inbreng,participaties of investering;het beheer van een eigen onroerend vermogen en de huurfinanciering van onroerende goederen aan derden,het aankopen,verkopen,ruilen,bouwen,verbouwen,onderhouden,verhuren,huren,verkavelen,prospecteren en uitbaten van onroerende goederen,alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de onroerende goederen te bevorderen,alsmede zich borg te stellen voor het goede verloop van verbintenissen door derde personen aangegaan die het genot zouden hebben van deze onroerende goederen
- Het ontwikkelen,kopen,verkopen,in licentie nemen of geven van octrooien,know-how en aanverwante immateriële duurzame activa
- Het onderzoek,de ontwikkeling,de vervaardiging of commercialisering van nieuwe producten,nieuwe technologieën en hun toepassingen
Invoicing and payment
VAT number
BE 0809.520.527
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0809.520.527
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Saturday of May at 11:00
deed of 24-01-2024 (in Dutch)Recognitions · licences · registrations
Recognised contractor
3 categoriesSedeyn NVapproval number 37003
- C3 Non-electric road signs, safety devices, fences and screensclass 3, up to €600,000
- D20 Metal joineryclass 3, up to €600,000
- G4 Special surfaces for sports groundsclass 1, up to €162,000
Sites & property
Location
Buildings and parcels at the address
Ground area
3,494 m²
Building footprint
261 m²
Building volume
834 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44052A0393/00M000 | Flanders | 3,494 m² | 1 · 260 m² | 4.2 m · 1 |