SEFCO
ActiveSummary
SEFCO has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €184,209 and a net result of €64,603. Equity is growing by ~27.6% per year across the filed fiscal years. Its solvency ranks better than 71% of 36380 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability98▼-2
Solvency91▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity ample (current ratio 1.58 against 1.4 in 2023; short-term debt: 31.8% and cash: 24.6% of total assets), and 34.2% 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 · 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 · 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-08-2025, 12 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
12 d late
2023
41 d late
2022
17 d early
2021
145 d late
2020
112 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 59 days after 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 (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€145,344
EBIT margin
48.9%
Net result
€64,603▼ 22.3%
2023 · €83,155
Working capital
€51,839▲ 42.7%
2023 · €36,338
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
Line20202021202220232024
Turnover€145,344
Operating result€2,303-€71,086▲ 2,987%€89,057▲ 25.3%€103,570▲ 16.3%€71,485▼ 31.0%
Net result€2,638-€50,836▲ 1,827%€80,288▲ 57.9%€83,155▲ 3.6%€64,603▼ 22.3%
EBIT margin48.9%
Equity€40,327-€91,163▲ 126%€131,451▲ 44.2%€164,606▲ 25.2%€184,209▲ 11.9%
Total assets€102,969-€153,587▲ 49.2%€233,761▲ 52.2%€255,093▲ 9.1%€279,915▲ 9.7%
Debt€62,642-€62,425▼ 0.3%€102,310▲ 63.9%€90,487▼ 11.6%€95,706▲ 5.8%
Working capital€10,659-€59,103▲ 454%€100,944▲ 70.8%€36,338▼ 64.0%€51,839▲ 42.7%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 31% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €279,915
Fixed assets
€139,131 ▲ 8.5%
Current assets
€140,784 ▲ 11.0%
Equity and liabilities €279,915
Equity
€184,209 ▲ 11.9%
Debt
€95,706 ▲ 5.8%
Debt's share of the balance-sheet total falls from 35.5% to 34.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€75,022▼
2023 · €106,735
Cash flow
€68,141▼
2023 · €86,320
Current ratio
1.58▲
2023 · 1.40
Debt to equity
0.52▼
2023 · 0.55
ROE
35.1%▼
2023 · 50.5%
ROA
23.1%▼
2023 · 32.6%
Interest coverage
333.54▼
2023 · 1660.73
Debt ≤ 1 year
€88,946▼
2023 · €90,487
Debt > 1 year
€6,760
Income taxes
€8,081▼
2023 · €21,452
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% 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
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 26,964 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €145,344 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €69,407 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,567 | €2,667 | €3,925 | €3,165 | €3,537 | ▲ 11.8% |
| Other operating charges640/8 | - | €2,184 | €7,033 | €16,067 | €12,719 | ▼ 20.8% |
| Gross operating margin9900 | €16,869 | €75,937 | €100,015 | €122,803 | €87,742 | ▼ 28.6% |
| Operating profit (loss)9901 | €2,303 | €71,086 | €89,057 | €103,570 | €71,485 | ▼ 31.0% |
| Financial income75/76B | - | €1,650 | €2,216 | €1,101 | €1,424 | ▲ 29.3% |
| Recurring financial income75 | €349 | €1,650 | €2,216 | €1,101 | €1,424 | ▲ 29.3% |
| Financial charges65/66B | - | €22 | €48 | €64 | €225 | ▲ 250% |
| Recurring financial charges65 | €14 | €22 | €48 | €64 | €225 | ▲ 250% |
| Profit (loss) for the period before taxes9903 | €2,638 | €72,714 | €91,224 | €104,607 | €72,684 | ▼ 30.5% |
| Income taxes67/77 | - | €21,878 | €10,936 | €21,452 | €8,081 | ▼ 62.3% |
| Profit (loss) for the period9904 | €2,638 | €50,836 | €80,288 | €83,155 | €64,603 | ▼ 22.3% |
| Profit (loss) for the period to be appropriated9905 | €2,638 | €50,836 | €80,288 | €83,155 | €64,603 | ▼ 22.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €102,969 | €153,587 | €233,761 | €255,093 | €279,915 | ▲ 9.7% |
| Fixed assets21/28 | €52,607 | €54,999 | €53,446 | €128,267 | €139,131 | ▲ 8.5% |
| Tangible fixed assets22/27 | €52,607 | €54,999 | €53,446 | €128,267 | €139,131 | ▲ 8.5% |
| Land and buildings22 | - | €46,200 | €46,200 | €124,065 | €124,065 | = |
| Furniture and vehicles24 | - | €8,799 | €6,056 | €4,202 | €15,066 | ▲ 259% |
| Leasing and similar rights25 | - | - | €1,190 | - | - | - |
| Current assets29/58 | €50,362 | €98,589 | €180,315 | €126,825 | €140,784 | ▲ 11.0% |
| Amounts receivable within one year40/41 | €26,438 | €71,977 | €70,917 | €69,219 | €71,940 | ▲ 3.9% |
| Trade receivables40 | - | €37,130 | €27,083 | €51,800 | €41,634 | ▼ 19.6% |
| Other amounts receivable41 | - | €34,847 | €43,833 | €17,419 | €30,306 | ▲ 74.0% |
| Cash at bank and in hand54/58 | €23,924 | €26,612 | €109,398 | €57,606 | €68,844 | ▲ 19.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €102,969 | €153,587 | €233,761 | €255,093 | €279,915 | ▲ 9.7% |
| Equity10/15 | €40,327 | €91,163 | €131,451 | €164,606 | €184,209 | ▲ 11.9% |
| Contributions10/11 | €14,000 | €14,000 | €14,000 | €14,000 | €14,000 | = |
| Capital10 | - | €14,000 | - | - | - | - |
| Issued capital100 | - | €14,000 | - | - | - | - |
| Outside capital11 | - | - | €14,000 | €14,000 | - | - |
| Share premium1100/10 | - | - | €14,000 | €14,000 | - | - |
| Reserves13 | - | €77,163 | €117,451 | €150,606 | €170,209 | ▲ 13.0% |
| Distributable reserves133 | - | €77,163 | €117,451 | €150,606 | €170,209 | ▲ 13.0% |
| Profit (loss) carried forward14 | €26,327 | - | - | - | - | - |
| Amounts payable17/49 | €62,642 | €62,425 | €102,310 | €90,487 | €95,706 | ▲ 5.8% |
| Amounts payable after more than one year17 | €22,939 | €22,939 | €22,939 | - | €6,760 | - |
| Financial debts170/4 | - | €22,939 | €22,939 | - | €6,760 | - |
| Amounts payable within one year42/48 | €39,702 | €39,485 | €79,371 | €90,487 | €88,946 | ▼ 1.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €3,246 | - |
| Trade debts44 | €2,317 | €813 | €4,153 | - | €6,015 | - |
| Suppliers440/4 | - | €813 | €4,153 | - | €6,015 | - |
| Taxes, remuneration and social security45 | - | €21,372 | €35,218 | €40,487 | €34,684 | ▼ 14.3% |
| Taxes450/3 | - | €21,372 | €35,218 | €40,487 | €34,684 | ▼ 14.3% |
| Other amounts payable47/48 | - | €17,300 | €40,000 | €50,000 | €45,000 | ▼ 10.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,638 | €50,836 | €80,288 | €83,155 | €64,603 | ▼ 22.3% |
| + Depreciation and write-downs630 | €14,567 | €2,667 | €3,925 | €3,165 | €3,537 | ▲ 11.8% |
| Operating cash flow (approximation) | €17,204 | €53,502 | €84,213 | €86,320 | €68,141 | ▼ 21.1% |
| Investment in fixed assets (approximation) | - | -€5,058 | -€2,373 | -€77,987 | -€14,401 | ▲ 81.5% |
| Change in cash | - | €2,688 | €82,786 | -€51,792 | €11,238 | ▲ 122% |
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
2025
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 12 days late
2024
10-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 41 days late
2023
31-12
Financial
Highest result since 2020net €83,155 ▲3.6%
Operating result €103,570, net result €83,155, both a record.
31-12
Financial
Equity above €150,000Eq €164,606 ▲25.2%
4 profitable years in a row build equity to €164,606.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €100,000Eq €131,451 ▲44.2%
3 profitable years in a row build equity to €131,451.
23-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 145 days late
2021
20-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 112 days late
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, Heers · 1 establishment unit since 2018
Ground area
1,027 m²
Building footprint
115 m²
Volume, LiDAR
876 m³
Parcel 73021A0145/00L000, Flanders · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SEFCO
since 20182.279.578.390
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73021A0145/00L000 | Flanders | 1,027 m² | 1 · 115 m² | 10.7 m · 3 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.
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Of 8,574 companies in sector 43410 we hold annual accounts for 4,367. 3,656 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
Founded14-09-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43410Roofing work
43120Site preparation
43350Other building finishing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0704614532
Also
9925:BE0704614532
Registered
25-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.