Equity
€130,751 from €234,121 in 2017
Equity fell by 44% in 8 years.
SEDIC
Lifetime
13 annual accounts with figures on one time axispeak €184,764 (2022)
€22,733▼ 12.3%
lowest -€24,892 (2024)
-€19,074▲ €5,819
peak €234,121 (2017)
€130,751▼ 12.7%
€135,153▲ 34.1%
peak 0.8 FTE (2022)
0.8 FTEunchanged
Board1 name since 2018
-
Owners
Documentsfilings and deeds
24-08-202624 days late
2025abbreviated format
Gross margin from €25,936 to €22,733Loss of €19,074Registered office moved within Maldegem 02-04Equity from €149,824 to €130,751Debts from €100,793 to €135,153Cash from €27,027 to €53,305
Key points
from the 2025 annual accountsLosses
-€43,966 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
Turnover
≈ €140,000 estimated
The abbreviated format states no turnover.
Liquidity
3.12 was 2.48 in 2024
Short-term debts fell from €100,632 to €85,153.
Filings
13 annual accounts since 2013
Six of the last ten came late. The 2019 accounts came latest: 61 days after the end of the period.
Position in the sector
-€19,074
Lower net result than 83% of companies in wholesale trade. Sector median €26,728 · 9,878 companies.
Checked score
80
Excellent
Financially stronger than 41% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,892 companies (NACE 46, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%lowest value
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025lowest value
03-2025: 0.1%● unchanged vs 02-2025lowest value
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.3%▲ +0.2 percentage points vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 1.3%▲ +1.0 percentage point vs 07-2025
09-2025: 1.3%● unchanged vs 08-2025
10-2025: 1.3%● unchanged vs 09-2025
11-2025: 1.3%● unchanged vs 10-2025
12-2025: 1.3%● unchanged vs 11-2025
01-2026: 1.3%● unchanged vs 12-2025
02-2026: 1.3%● unchanged vs 01-2026
03-2026: 1.3%● unchanged vs 02-2026
04-2026: 1.5%▲ +0.2 percentage points vs 03-2026
05-2026: 1.6%▲ +0.1 percentage points vs 04-2026
06-2026: 1.5%▼ -0.1 percentage points vs 05-2026
07-2026: 1.6%▲ +0.1 percentage points vs 06-2026
08-2026: 2.2%▲ +0.6 percentage points vs 07-2026highest value
09-2026: 0.5%▼ -1.7 percentage points vs 08-2026
10-2026: 0.5%● unchanged vs 09-2026
11-2026: 0.5%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
1 change of registered office in 24 months
Loss of €19,074, the second in a row (financial year 2025)
lowers risk
Liquidity: current ratio 3.12, cash €53,305
Figures for financial year 2025 (filed on 24-08-2026)
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 46, micro). It does better than 57% of them on solvency, 68% on liquidity, 17% on profitability and 24% on growth.
The bankruptcy probability was computed on 07-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 6,908 companies had the same profile as SEDIC has now. Each dot stands for 18 companies, two years later.
90.9%
were still trading
7.8%
stopped another way
1.1%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SEDIC itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,447 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 6,908 companies, not a prediction for SEDIC. 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
Credit of up to €10,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.12 (2.48 in 2024), above the usual 1.5. Short-term debt is 32% and cash 20% of total assets. However, 50.8% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€19,074
raises risk · 2025 accounts filed 24 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
24 days late
2024
6 days early
2023
34 days early
2022
7 days late
2021
26 days late
2020
31 days late
2019
61 days late
← 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 16 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% 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 7 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0845275420
Registered office moved within Maldegem
New registered office: Ambachtenlaan 3-9990 Maldegem · Previous registered office: Brielstraat 112-9990 Maldegem · Permanent representative: Johan Bauwens · Board meeting of 01-03-2025 · Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointments
Resignation: PROMATI (director) · Reappointment: PROMATI (director) · Permanent representative: BAUWENS JohanArmandAndré · Gazette deed
Incorporation
published on 26-04-2012 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SEDIC Maldegem | €265,904 | €22,733 | 49.2% | 0.8 |
| ELETEX GROUP Deinze | €398,616 | €14,686 | 68.0% | 0.3 |
| SUN-DAY Grobbendonk | €292,346 | €17,217 | 69.3% | 0 |
| LCT-TEXTILLIGENCE BELUX Ghent | €426,632 | €19,398 | 56.2% | 0 |
| ADBcomp Buggenhout | €214,931 | €95,649 | 83.5% | 1 |
| MENTORE Flémalle | €187,569 | €102,087 | 68.9% | 0.8 |
| Weld Constructies Lebbeke | €430,291 | €118,640 | 51.9% | 0.5 |
These companies have the same main activity as SEDIC: agents in the wholesale of industrial machinery, ships and aircraft (NACE 46140). They are comparable in size and age: total assets between €188,000 and €430,000, founded between 2008 and 2013.
Official details
Source: KBO- Status
- Active since 02-04-2012Normal situation
- Activity
- Agents in the wholesale of industrial machinery, ships and aircraftNACE 46140and 3 others
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.209.130.3599990 Maldegem, since 02-04-2012
- Financial year end
- 31 December
- Peppol
- Reachable since 16-12-2025
Companies linked to SEDIC
Parent and group
Insights on SEDIC
SEDIC files the abbreviated format. That format states no turnover. The gross margin fell from €83,499 in 2013 to €22,733 in 2025.
PROMATI holds all the shares.
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 SEDIC
- What is the company number of SEDIC?
- The company number of SEDIC is 0845.275.420. The VAT number is the same number with BE in front: BE 0845.275.420.
- Where is SEDIC based?
- The registered office is at Ambachtenlaan 3, 9990 Maldegem.Company details
- What does SEDIC do?
- According to the KBO register, the main activity is agents in the wholesale of industrial machinery, ships and aircraft (NACE 46140).
- What is the legal form of SEDIC?
- SEDIC is a private limited company (BV).
- When was SEDIC founded?
- SEDIC was founded on 02-04-2012.
- Is SEDIC still active?
- Yes, SEDIC is an active enterprise in the KBO register.
- How many employees does SEDIC have?
- SEDIC had an average of 0.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does SEDIC fall under?
- In its 2025 annual accounts, SEDIC states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of SEDIC?
- The turnover in financial year 2025 is ≈ €140,000. This figure is estimated from the gross margin of €22,733 and 32 comparable companies (NACE 461). It probably lies between €60,000 and €430,000. It is a rough estimate.
- Is SEDIC profitable?
- In financial year 2025, SEDIC made a loss of €19,074.
- Where can I find the annual accounts of SEDIC?
- SEDIC filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SEDIC due?
- SEDIC must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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