SEGERS
ActiveSummary
SEGERS has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €803k and a net result of €93k. Equity is growing by ~17.5% per year across the filed fiscal years. Its solvency ranks better than 81% of 804 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▼-1
Solvency90▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 1.96 against 1.58 in 2024; short-term debt: 20.6% and cash: 31.8% of total assets), and 34.6% of the assets are financed with debt.
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Signals
Five 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 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% more bankruptcies
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
65.4%
Return on assets
7.6%
Age of the figures
9 mo
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 04-06-2026, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
57 d early
2024
57 d early
2023
41 d early
2022
33 d early
2021
58 d early
2020
33 d early
2019
34 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€803k▲ 12.9%
2024 · €711k
Total assets
€1.23M▲ 3.9%
2024 · €1.18M
Net result
€93k▼ 3.3%
2024 · €97k
Working capital
€242k▲ 83.0%
2024 · €132k
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
Line20212022202320242025
Operating result€119k▼ 33.9%€50k▼ 58.2%€57k▲ 13.8%€122k▲ 115%€126k▲ 3.2%
Net result€107k▼ 29.1%€42k▼ 61.0%€75k▲ 79.4%€97k▲ 28.8%€93k▼ 3.3%
Equity€503k▲ 26.3%€544k▲ 8.3%€617k▲ 13.3%€711k▲ 15.2%€803k▲ 12.9%
Total assets€1.34M▲ 26.7%€1.27M▼ 5.5%€1.20M▼ 5.0%€1.18M▼ 1.9%€1.23M▲ 3.9%
Debt€839k▲ 27.0%€723k▼ 13.8%€587k▼ 18.8%€470k▼ 19.8%€424k▼ 9.8%
Working capital€-77k▼ 19.5%€-106k▼ 36.9%€25k€132k▲ 441%€242k▲ 83.0%
Staff (FTE)4.8▼ 11.1%8.9▲ 85.4%8.9=4.9▼ 44.9%5.2▲ 6.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 3% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.23M
Fixed assets
€732k ▼ 10.7%
Current assets
€495k ▲ 36.8%
Equity and liabilities €1.23M
Equity
€803k ▲ 12.9%
Debt
€424k ▼ 9.8%
Debt's share of the balance-sheet total falls from 39.8% to 34.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€302k▲
2024 · €294k
Cash flow
€269k▲
2024 · €268k
Current ratio
1.96▲
2024 · 1.58
Quick ratio
1.81▲
2024 · 1.40
Debt to equity
0.53▼
2024 · 0.66
ROE
11.6%▼
2024 · 13.6%
ROA
7.6%▼
2024 · 8.2%
Interest coverage
29.39▲
2024 · 26.41
Debt ≤ 1 year
€253k▲
2024 · €229k
Debt > 1 year
€166k▼
2024 · €236k
Income taxes
€40k▲
2024 · €32k
Staff costs
€182k▼
2024 · €189k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €141k | €172k | €205k | €189k | €182k | ▼ 3.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €149k | €184k | €168k | €172k | €176k | ▲ 2.7% |
| Other operating charges640/8 | €2k | €989 | €2k | €3k | €4k | ▲ 28.5% |
| Gross operating margin9900 | €412k | €408k | €431k | €486k | €488k | ▲ 0.4% |
| Operating profit (loss)9901 | €119k | €50k | €57k | €122k | €126k | ▲ 3.2% |
| Financial income75/76B | €2k | €4k | €45k | €19k | €18k | ▼ 7.3% |
| Recurring financial income75 | €1k | €1k | €531 | €3k | €8k | ▲ 197% |
| Non-recurring financial income76B | €1k | €3k | €44k | €17k | €10k | ▼ 40.1% |
| Financial charges65/66B | €14k | €10k | €7k | €12k | €11k | ▼ 14.7% |
| Recurring financial charges65 | €10k | €9k | €7k | €11k | €10k | ▼ 7.5% |
| Non-recurring financial charges66B | €4k | €442 | - | €1k | €262 | ▼ 78.9% |
| Profit (loss) for the period before taxes9903 | €107k | €44k | €94k | €129k | €133k | ▲ 3.4% |
| Income taxes67/77 | €73 | €2k | €19k | €32k | €40k | ▲ 23.1% |
| Profit (loss) for the period9904 | €107k | €42k | €75k | €97k | €93k | ▼ 3.3% |
| Profit (loss) for the period to be appropriated9905 | €107k | €42k | €75k | €97k | €93k | ▼ 3.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.34M | €1.27M | €1.20M | €1.18M | €1.23M | ▲ 3.9% |
| Fixed assets21/28 | €1.10M | €1.06M | €916k | €819k | €732k | ▼ 10.7% |
| Tangible fixed assets22/27 | €1.10M | €1.06M | €916k | €819k | €732k | ▼ 10.7% |
| Plant, machinery and equipment23 | €788k | €702k | €582k | €468k | €391k | ▼ 16.5% |
| Furniture and vehicles24 | €5k | €4k | €1k | - | - | - |
| Leasing and similar rights25 | €78k | €47k | €35k | €23k | €11k | ▼ 52.2% |
| Other tangible fixed assets26 | €229k | €304k | €297k | €329k | €330k | ▲ 0.5% |
| Current assets29/58 | €241k | €211k | €288k | €362k | €495k | ▲ 36.8% |
| Amounts receivable after more than one year29 | €12k | €12k | €12k | €12k | €12k | = |
| Trade receivables290 | €12k | €12k | €12k | - | €12k | - |
| Other amounts receivable291 | - | - | - | €12k | - | - |
| Stocks and contracts in progress3 | €35k | €24k | €38k | €41k | €39k | ▼ 5.2% |
| Stocks30/36 | €35k | €24k | €38k | €41k | €39k | ▼ 5.2% |
| Amounts receivable within one year40/41 | €52k | €61k | €35k | €15k | €41k | ▲ 164% |
| Trade receivables40 | €9k | €17k | €16k | €13k | €8k | ▼ 35.2% |
| Other amounts receivable41 | €43k | €44k | €18k | €3k | €33k | ▲ 1,031% |
| Cash at bank and in hand54/58 | €125k | €96k | €194k | €278k | €390k | ▲ 40.4% |
| Deferred charges and accrued income490/1 | €17k | €17k | €9k | €16k | €14k | ▼ 12.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.34M | €1.27M | €1.20M | €1.18M | €1.23M | ▲ 3.9% |
| Equity10/15 | €503k | €544k | €617k | €711k | €803k | ▲ 12.9% |
| Contributions10/11 | €20k | €20k | €20k | €20k | €20k | = |
| Reserves13 | €2k | €2k | €2k | €72k | €162k | ▲ 125% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | - | - | €2k | €72k | €162k | ▲ 125% |
| Profit (loss) carried forward14 | €481k | €522k | €595k | €619k | €621k | ▲ 0.3% |
| Amounts payable17/49 | €839k | €723k | €587k | €470k | €424k | ▼ 9.8% |
| Amounts payable after more than one year17 | €520k | €407k | €323k | €236k | €166k | ▼ 29.6% |
| Financial debts170/4 | €520k | €407k | €323k | €236k | €166k | ▼ 29.6% |
| Amounts payable within one year42/48 | €318k | €317k | €264k | €229k | €253k | ▲ 10.1% |
| Current portion of amounts payable after more than one year42 | €91k | €102k | €83k | €88k | €73k | ▼ 16.7% |
| Trade debts44 | €30k | €59k | €24k | €29k | €21k | ▼ 27.0% |
| Suppliers440/4 | €30k | €59k | €24k | €29k | €21k | ▼ 27.0% |
| Advances received on contracts in progress46 | - | €39 | €587 | €417 | €441 | ▲ 5.8% |
| Taxes, remuneration and social security45 | €27k | €13k | €37k | €37k | €31k | ▼ 15.7% |
| Taxes450/3 | - | - | - | €5k | €2k | ▼ 52.9% |
| Remuneration and social security454/9 | €27k | €13k | €37k | €32k | €29k | ▼ 10.4% |
| Other amounts payable47/48 | €171k | €142k | €119k | €75k | €127k | ▲ 68.6% |
| Accrued charges and deferred income492/3 | - | - | - | €5k | €5k | ▲ 10.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €107k | €42k | €75k | €97k | €93k | ▼ 3.3% |
| + Depreciation and write-downs630 | €149k | €184k | €168k | €172k | €176k | ▲ 2.7% |
| Operating cash flow (approximation) | €257k | €226k | €243k | €268k | €269k | ▲ 0.5% |
| Investment in fixed assets (approximation) | - | €-141k | €-27k | €-75k | €-88k | ▼ 17.4% |
| Change in cash | - | €-29k | €99k | €83k | €112k | ▲ 34.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
04-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €42k ▼61%
Net result drops to €42k, the lowest in the series; recovery starts the following year.
03-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €500kEq €503k ▲26.3%
4 profitable years in a row build equity to €503k.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Highest result since 2018net €151k ▲67.5%
Operating result €180k, net result €151k, both a record.
03-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 34 days late
2019
31-12
Financial
Equity above €200kEq €249k ▲54.4%
2 profitable years in a row build equity to €249k.
03-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
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, Vosselaar · 2 establishment units since 1996
Ground area
2,460 m²
Building footprint
670 m²
Volume, LiDAR
2,894 m³
2 parcels, Flanders · tallest building 11.8 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
SEGERS
since 19962.076.589.955
Brood & banket & charcuterie Maarten en Dorien
since 20162.257.104.183
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13046B0105/00_000 | Flanders | 1,675 m² | 1 · 150 m² | 11.8 m · 3 fl. |
| 13482F0305/00D000 | Flanders | 784 m² | 1 · 520 m² | 10.1 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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
2023 to 2025 · 2 entries · 2,237 EUR awarded · 2,237 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 375 EUR | 375 EUR |
| 2023 | 1 | 1,862 EUR | 1,862 EUR |
Schemes
Energiesteun 2 (stopgezet)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteOud-Turnhout2.257.104.183
Dual-learning approval
2 live approvalsWinkelmedewerker (vwo)
Winkelmedewerker duaal (so)
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Of 4,225 companies in sector 10712 we hold annual accounts for 1,870. 1,035 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
Founded18-03-1996
Fiscal year end31-12
Activities, NACEBEL 2025
10712Artisanal bread and fresh pastry making
47241Retail sale of bread and pastry (bakery outlets)
43211General electrical installation work
43422Screed work
43910Bricklaying and masonry work
49410Freight transport by road
52250Logistics services
Scores and ratios are computed by Checked and are not a credit decision.