SEGERS
ActiveSummary
SEGERS has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6,259 and a net result of €7,662. Equity is growing by ~31.7% per year across the filed fiscal years. Its solvency ranks better than 28% of 28184 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency52▲+43
Growth58=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Three 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
Specialised construction activities (NACE 43)
about 85% 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 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 · 10 filingsDeviation from the deadline
2025
10 d late
2024
8 d late
2023
27 d late
2022
29 d late
2021
30 d late
2020
30 d late
2019
53 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 27 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 (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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€6,259
2024 · -€1,403
Total assets
€23,134▲ 171%
2024 · €8,546
Net result
€7,662▼ 0.5%
2024 · €7,697
Working capital
-€378▲ 87.7%
2024 · -€3,065
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€10,652€17,905▲ 68.1%€12,481▼ 30.3%€8,922▼ 28.5%€9,354▲ 4.8%
Net result€13,057within the sector's middle half€15,005within the sector's middle half▲ 14.9%€10,625within the sector's middle half▼ 29.2%€7,697within the sector's middle half▼ 27.6%€7,662within the sector's middle half▼ 0.5%
Equity-€34,730below the sector's middle half▲ 27.3%-€19,725below the sector's middle half▲ 43.2%-€9,100below the sector's middle half▲ 53.9%-€1,403below the sector's middle half▲ 84.6%€6,259below the sector's middle half
Total assets€33,885below the sector's middle half▼ 38.6%€12,757below the sector's middle half▼ 62.4%€11,960below the sector's middle half▼ 6.2%€8,546below the sector's middle half▼ 28.5%€23,134below the sector's middle half▲ 171%
Debt€68,615▼ 33.3%€32,482▼ 52.7%€21,060▼ 35.2%€9,948▼ 52.8%€16,875▲ 69.6%
Working capital-€35,464▲ 12.3%-€8,157▲ 77.0%-€8,377▼ 2.7%-€3,065▲ 63.4%-€378▲ 87.7%
Solvency-102.5%below the sector's middle half▼ 15.8pp-154.6%below the sector's middle half▼ 52.1pp-76.1%below the sector's middle half▲ 78.5pp-16.4%below the sector's middle half▲ 59.7pp27.1%within the sector's middle half▲ 43.5pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 5% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €23,134
Fixed assets
€6,637 ▲ 31.7%
Current assets
€16,497 ▲ 370%
Equity and liabilities €23,134
Equity
€6,259
Debt
€16,875
Debt finances 72.9% of the balance-sheet total.
Key figures and ratios
EBITDA
€12,495▲
2024 · €11,846
Cash flow
€10,803▲
2024 · €10,621
Current ratio
0.98▲
2024 · 0.53
Debt to equity
2.70▲
2024 · -7.09
ROE
122.4%
ROA
33.1%▼
2024 · 90.1%
Interest coverage
8.90▼
2024 · 12.83
Debt ≤ 1 year
€16,875▲
2024 · €6,573
Income taxes
€324▲
2024 · €323
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,811 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 95% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
0.8%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 3,811 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €2,652 | - | - | - | - |
| Remuneration, social security and pensions62 | €70,657 | €923 | €141 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,899 | €358 | €1,135 | €2,924 | €3,141 | ▲ 7.4% |
| Other operating charges640/8 | €1,915 | €1,678 | €815 | €775 | €1,363 | ▲ 75.9% |
| Gross operating margin9900 | €90,123 | €20,864 | €14,572 | €12,620 | €13,859 | ▲ 9.8% |
| Operating profit (loss)9901 | €10,652 | €17,905 | €12,481 | €8,922 | €9,354 | ▲ 4.8% |
| Financial income75/76B | €5,553 | €2 | €10 | €22 | €37 | ▲ 65.9% |
| Recurring financial income75 | €5,553 | €2 | €10 | €22 | €37 | ▲ 65.9% |
| Financial charges65/66B | €2,861 | €2,654 | €1,866 | €923 | €1,405 | ▲ 52.1% |
| Recurring financial charges65 | €2,861 | €2,654 | €1,866 | €923 | €1,405 | ▲ 52.1% |
| Profit (loss) for the period before taxes9903 | €13,344 | €15,254 | €10,625 | €8,021 | €7,986 | ▼ 0.4% |
| Income taxes67/77 | €287 | €249 | - | €323 | €324 | ▲ 0.2% |
| Profit (loss) for the period9904 | €13,057 | €15,005 | €10,625 | €7,697 | €7,662 | ▼ 0.5% |
| Profit (loss) for the period to be appropriated9905 | €13,057 | €15,005 | €10,625 | €7,697 | €7,662 | ▼ 0.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €33,885 | €12,757 | €11,960 | €8,546 | €23,134 | ▲ 171% |
| Fixed assets21/28 | €14,335 | €537 | €4,062 | €5,038 | €6,637 | ▲ 31.7% |
| Tangible fixed assets22/27 | €14,335 | €537 | €4,062 | €5,038 | €6,637 | ▲ 31.7% |
| Plant, machinery and equipment23 | €895 | €537 | €179 | €2,708 | €2,451 | ▼ 9.5% |
| Furniture and vehicles24 | - | - | €3,883 | €2,330 | €4,186 | ▲ 79.7% |
| Leasing and similar rights25 | €13,440 | - | €0 | €0 | €0 | - |
| Current assets29/58 | €19,550 | €12,220 | €7,898 | €3,508 | €16,497 | ▲ 370% |
| Stocks and contracts in progress3 | €2,462 | - | - | - | - | - |
| Stocks30/36 | €2,462 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €16,932 | €12,063 | €7,562 | €3,037 | €15,960 | ▲ 426% |
| Trade receivables40 | €13,564 | €9,175 | €6,084 | €2,029 | €12,602 | ▲ 521% |
| Other amounts receivable41 | €3,368 | €2,888 | €1,477 | €1,008 | €3,357 | ▲ 233% |
| Cash at bank and in hand54/58 | €157 | €157 | - | - | - | - |
| Deferred charges and accrued income490/1 | - | - | €336 | €471 | €538 | ▲ 14.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €33,885 | €12,757 | €11,960 | €8,546 | €23,134 | ▲ 171% |
| Equity10/15 | -€34,730 | -€19,725 | -€9,100 | -€1,403 | €6,259 | ▲ 546% |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €15,014 | €15,014 | €15,014 | €15,014 | €15,014 | = |
| Non-distributable reserves130/1 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Reserves not available under the articles1311 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Tax-exempt reserves132 | €1,721 | €1,721 | €1,721 | €1,721 | €1,721 | = |
| Distributable reserves133 | €11,438 | €11,438 | €11,438 | €11,438 | €11,438 | = |
| Profit (loss) carried forward14 | -€68,294 | -€53,289 | -€42,664 | -€34,967 | -€27,305 | ▲ 21.9% |
| Amounts payable17/49 | €68,615 | €32,482 | €21,060 | €9,948 | €16,875 | ▲ 69.6% |
| Amounts payable after more than one year17 | €13,600 | €12,104 | €4,785 | €3,375 | - | - |
| Financial debts170/4 | €13,600 | €12,104 | €4,785 | €3,375 | - | - |
| Amounts payable within one year42/48 | €55,015 | €20,378 | €16,275 | €6,573 | €16,875 | ▲ 157% |
| Current portion of amounts payable after more than one year42 | €13,251 | €2,269 | - | - | - | - |
| Financial debts43 | €11,252 | €13,396 | €15,087 | €3,826 | €11,338 | ▲ 196% |
| Credit institutions430/8 | €11,252 | €13,396 | €15,087 | €3,826 | €11,338 | ▲ 196% |
| Trade debts44 | €5,398 | €4,177 | €1,188 | €2,424 | €4,720 | ▲ 94.8% |
| Suppliers440/4 | €5,398 | €4,177 | €1,188 | €2,424 | €4,720 | ▲ 94.8% |
| Taxes, remuneration and social security45 | €21,771 | €535 | - | €323 | €817 | ▲ 153% |
| Taxes450/3 | €10,467 | €535 | - | €323 | €817 | ▲ 153% |
| Remuneration and social security454/9 | €11,303 | - | - | - | - | - |
| Other amounts payable47/48 | €3,344 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,057 | €15,005 | €10,625 | €7,697 | €7,662 | ▼ 0.5% |
| + Depreciation and write-downs630 | €6,899 | €358 | €1,135 | €2,924 | €3,141 | ▲ 7.4% |
| Operating cash flow (approximation) | €19,956 | €15,363 | €11,760 | €10,621 | €10,803 | ▲ 1.7% |
| Investment in fixed assets (approximation) | - | €13,440 | -€4,660 | -€3,899 | -€4,741 | ▼ 21.6% |
| Change in cash | - | €0 | - | - | - | - |
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
Next filing, fiscal year 2026, expected by
2026
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 10 days late
2025
08-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 8 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Highest result since 2018net €15,005 ▲14.9%
Operating result €17,905, net result €15,005, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Back to profitnet €13,057
Net result €13,057 after 3 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
22-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 53 days late
2019
31-12
Financial
Weakest financial yearnet -€60,343
Net result drops to -€60,343, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 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, Zoersel · 1 establishment unit since 2004
Ground area
595 m²
Building footprint
241 m²
Volume, LiDAR
614 m³
Parcel 11017A0446/00Y000, Flanders · tallest building 5.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
SEGERS
since 20042.134.638.814
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11017A0446/00Y000 | Flanders | 595 m² | 1 · 241 m² | 5.0 m · 1 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 9,536 companies in sector 43222 we hold annual accounts for 5,667. 1,879 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 (pre-2019)
Founded19-12-2003
Fiscal year end31-12
Activities, NACEBEL 2025
43222Installation of electric heating, air conditioning, cooling and ventilation
43221Plumbing work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0862292386
Also
9925:BE0862292386
Registered
24-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.