SEGCO
ActiveSEGCO has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €79k and a net result of €4k. Equity is growing by ~29.8% per year across the filed fiscal years. Its solvency ranks better than 91% of 36376 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
86
/ 100
Excellent▼ -7 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability23▼-77
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 6.06 against 9.82 in 2023), and 13.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
35 d early
2022
32 d early
2021
35 d early
2020
33 d early
2019
26 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€79k▲ 4.9%
2023 · €75k
2018: €5k
2019: €20k
2020: €41k
2021: €25k
2022: €51k
2023: €75k
2018 → 2024
Total assets
€92k▲ 11.6%
2023 · €82k
2018: €19k
2019: €51k
2020: €63k
2021: €46k
2022: €95k
2023: €82k
2018 → 2024
Net result
€4k▼ 85.1%
2023 · €25k
2018: €-6k
2019: €14k
2020: €22k
2021: €-17k
2022: €26k
2023: €25k
2018 → 2024
Working capital
€64k▲ 7.0%
2023 · €60k
2018: €14k
2019: €27k
2020: €32k
2021: €15k
2022: €52k
2023: €60k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€41k-€25k▼ 40.6%€51k▲ 106%€75k▲ 48.9%€79k▲ 4.9%
Operating result€24k-€-16k€28k€37k▲ 29.2%€6k▼ 82.4%
Net result€22k-€-17k€26k€25k▼ 5.2%€4k▼ 85.1%
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 2024; 2024 is 82% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €92k
Fixed assets
€15k▼ 3.1%
Current assets
€76k▲ 15.1%
Equity and liabilities €92k
Equity
€79k▲ 4.9%
Debt
€13k▲ 85.0%
The debt ratio rises from 8.4% to 13.8%: debt grows faster than equity.
Key figures and ratios
EBITDA
€14k▼
2023 · €43k
Cash flow
€11k▼
2023 · €31k
Solvency
86.2%▼
2023 · 91.6%
Current ratio
6.06▼
2023 · 9.82
Quick ratio
4.64▼
2023 · 7.72
Debt / equity
0.16▲
2023 · 0.09
ROE
4.7%▼
2023 · 32.8%
ROA
4.0%▼
2023 · 30.1%
Interest coverage
19.89▼
2023 · 39.54
Debt
€13k▲
2023 · €7k
Debt ≤ 1 year
€13k▲
2023 · €7k
Income taxes
€2k▼
2023 · €11k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€82k€92k▲
Fixed assets21/28€16k€15k▼
Tangible fixed assets22/27€16k€15k▼
Plant, machinery and equipment23€3k€5k▲
Furniture and vehicles24€13k€10k▼
Current assets29/58€66k€76k▲
Amounts receivable after more than one year29-€10k
Other amounts receivable291-€10k
Stocks and contracts in progress3€14k€18k▲
Stocks30/36€14k€18k▲
Amounts receivable within one year40/41€3k€23k▲
Trade receivables40€1k€18k▲
Other amounts receivable41€2k€5k▲
Current investments50/53€250€250=
Cash at bank and in hand54/58€45k€19k▼
Deferred charges and accrued income490/1€4k€6k▲
Equity and liabilities
Total equity and liabilities10/49€82k€92k▲
Equity10/15€75k€79k▲
Contributions10/11€19k€19k=
Reserves13€55k€58k▲
Distributable reserves133€55k€58k▲
Profit (loss) carried forward14€2k€2k▲
Amounts payable17/49€7k€13k▲
Amounts payable within one year42/48€7k€13k▲
Trade debts44€757€7k▲
Suppliers440/4€757€7k▲
Taxes, remuneration and social security45€4k€5k▲
Taxes450/3€4k€5k▲
Other amounts payable47/48€2k€1k▼
Accrued charges and deferred income492/3€115€106▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€45k€15k▼
Operating profit (loss)9901€37k€6k▼
Financial income75/76B€7€357▲
Recurring financial income75€7€357▲
Financial charges65/66B€1k€697▼
Recurring financial charges65€1k€697▼
Profit (loss) for the period before taxes9903€36k€6k▼
Income taxes67/77€11k€2k▼
Profit (loss) for the period9904€25k€4k▼
Profit (loss) for the period to be appropriated9905€25k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€25k€6k▼
Profit (loss) brought forward from the previous period14P€163€2k▲
Transfer from equity791/2€2k-
Transfer to equity691/2€25k€4k▼
To other reserves6921€25k€4k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity triplescurrent ratio 9.82
Current ratio from 3.19 to 9.82; short-term debt falls from €24k to €7k.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €26k
Net result €26k after one loss-making year.
26-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-17k ▼178%
Net result drops to €-17k, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity triplescurrent ratio 5.85
Current ratio from 2.25 to 5.85; short-term debt falls from €22k to €7k.
05-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €14k
Net result €14k after one loss-making year.
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
27-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2023
Maeckelberghe Rebekka Geertrui
CurrentOpvolgend statutair bestuurder · since 30-11-2023
Sander SEGBOER
CurrentDirector · since 30-11-2023
30-11-2023
Maeckelberghe Rebekka Geertrui: Appointed as Opvolgend statutair bestuurder
30-11-2023
Sander SEGBOER: Resigned as Manager
30-11-2023
Sander SEGBOER: Appointed as Director
Location & real-estate footprint
Registered office, Gistel · 1 establishment unit since 2007
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Stationsstraat 518470 GistelGround area
383 m²
Building footprint
125 m²
Volume, LiDAR
904 m³
Parcel 35005B0279/00H002, Flanders · tallest building 12.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SEGCO
since 20072.165.646.843
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35005B0279/00H002 | Flanders | 383 m² | 1 · 125 m² | 12.2 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
2025 · 1 entry · 583 EUR awarded · 583 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 583 EUR | 583 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
4 categoriesSEGCO BV38587
Similar companies · same sector, comparable size
F.M. KASSEILEGGER
BE 0784.603.801
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WALDECOR
BE 0730.997.443
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BLOUM
BE 0667.585.177
Vorst · Eq €79k
Reno Antwerp
BE 0702.882.982
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Jaleco Havaro Lommel
BE 0841.912.785
Lommel · Eq €78k
Of 4,060 companies in sector 43240 we hold annual accounts for 1,616. 1,360 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-09-2007
Fiscal year end31-12
Activities, NACEBEL
43240Other construction installation
43299Specialised construction activities
43211General electrical installation work
45310
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.