Summary
SEGEST is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €90,139 and a net result of €31,215. Equity remains stable across the filed financial years (±1.6% per year). Its solvency ranks better than 74% of 3,040 sector peers (NACE 66, financial year 2025). The company has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, micro format
In the rankings
#3 oldest company in Evere, Finance and insurance sector
Equity
€90,139▲ 0.2%
2024 · €89,924
Net result
€31,215▼ 20.6%
2024 · €39,328
Total assets
€121,637▼ 6.4%
2024 · €129,924
Solvency
74.1%▲ 4.9pp
2024 · 69.2%
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 20% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€39,955
2025
Net result€31,215
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€121,637
2025
Equity€90,139
2025
Debt€31,498
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€37,260
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)25.7%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency74.1%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio2.18
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)0.3
2019
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 66, Activities auxiliary to financial services and insurance activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€36,563-€41,776▲ 14.3%€62,993▲ 50.8%€56,111▼ 10.9%€58,496▲ 4.2%€41,714▼ 28.7%€50,142▲ 20.2%€39,955▼ 20.3%
Net result€27,223-€32,634▲ 19.9%€51,990within the sector's middle half▲ 59.3%€42,977within the sector's middle half▼ 17.3%€48,482within the sector's middle half▲ 12.8%€33,209within the sector's middle half▼ 31.5%€39,328within the sector's middle half▲ 18.4%€31,215within the sector's middle half▼ 20.6%
Equity€79,305-€81,938▲ 3.3%€93,929within the sector's middle half▲ 14.6%€96,906within the sector's middle half▲ 3.2%€97,387within the sector's middle half▲ 0.5%€90,596within the sector's middle half▼ 7.0%€89,924within the sector's middle half▼ 0.7%€90,139within the sector's middle half▲ 0.2%
Total assets€113,892-€112,066▼ 1.6%€134,837below the sector's middle half▲ 20.3%€142,074within the sector's middle half▲ 5.4%€147,002within the sector's middle half▲ 3.5%€131,481below the sector's middle half▼ 10.6%€129,924below the sector's middle half▼ 1.2%€121,637below the sector's middle half▼ 6.4%
Debt€34,588-€30,127▼ 12.9%€40,909▲ 35.8%€45,169▲ 10.4%€49,615▲ 9.8%€40,885▼ 17.6%€40,000▼ 2.2%€31,498▼ 21.3%
Working capital€15,337-€17,507▲ 14.1%€35,084within the sector's middle half▲ 100%€43,648within the sector's middle half▲ 24.4%€49,716within the sector's middle half▲ 13.9%€26,473within the sector's middle half▼ 46.8%€31,230within the sector's middle half▲ 18.0%€37,260within the sector's middle half▲ 19.3%
Solvency69.6%-73.1%▲ 3.5pp69.7%within the sector's middle half▼ 3.5pp68.2%within the sector's middle half▼ 1.5pp66.2%within the sector's middle half▼ 2.0pp68.9%within the sector's middle half▲ 2.7pp69.2%within the sector's middle half▲ 0.3pp74.1%within the sector's middle half▲ 4.9pp
Current ratio1.44-1.58▲ 0.141.86within the sector's middle half▲ 0.281.97within the sector's middle half▲ 0.112.00within the sector's middle half▲ 0.041.65within the sector's middle half▼ 0.351.78within the sector's middle half▲ 0.132.18within the sector's middle half▲ 0.40
Return on assets (ROA)23.9%-29.1%▲ 5.2pp38.6%above the sector's middle half▲ 9.4pp30.2%above the sector's middle half▼ 8.3pp33.0%above the sector's middle half▲ 2.7pp25.3%above the sector's middle half▼ 7.7pp30.3%above the sector's middle half▲ 5.0pp25.7%above the sector's middle half▼ 4.6pp
Staff (FTE)0.8-0.3▼ 62.5%
above
within
below
the middle half of NACE 66, Activities auxiliary to financial services and insurance activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €121,637
Fixed assets
€52,879 ▼ 9.9%
Current assets
€68,758 ▼ 3.5%
Equity and liabilities €121,637
Equity
€90,139 ▲ 0.2%
Debt
€31,498 ▼ 21.3%
Debt's share of the balance-sheet total falls from 30.8% to 25.9%. Equity is higher and debt is lower.
Key figures and ratios
ROE
34.6%▼
2024 · 43.7%
Debt ≤ 1 year
€31,498▼
2024 · €40,000
Income taxes
€8,395▼
2024 · €10,769
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €0 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,377 | €5,587 | €5,587 | €5,587 | €5,587 | €6,640 | €5,430 | €5,815 | ▲ 7.1% |
| Other operating charges640/8 | - | - | - | €2,822 | €3,015 | €3,968 | €6,480 | €3,045 | ▼ 53.0% |
| Gross operating margin9900 | €82,958 | €70,077 | €72,630 | €64,520 | €67,097 | €52,322 | €62,051 | €48,814 | ▼ 21.3% |
| Operating profit (loss)9901 | €36,563 | €41,776 | €62,993 | €56,111 | €58,496 | €41,714 | €50,142 | €39,955 | ▼ 20.3% |
| Financial income75/76B | - | - | - | €0 | €2,954 | €628 | - | - | - |
| Recurring financial income75 | - | - | €1,110 | €0 | €2,954 | €628 | - | - | - |
| Financial charges65/66B | - | - | - | €572 | €19 | €8 | €45 | €345 | ▲ 666% |
| Recurring financial charges65 | €4,941 | €83 | €54 | €572 | €19 | €8 | €45 | €345 | ▲ 666% |
| Profit (loss) for the period before taxes9903 | €35,245 | €41,693 | €64,049 | €55,539 | €61,431 | €42,334 | €50,097 | €39,610 | ▼ 20.9% |
| Income taxes67/77 | €8,021 | €9,059 | €12,059 | €12,562 | €12,949 | €9,125 | €10,769 | €8,395 | ▼ 22.0% |
| Profit (loss) for the period9904 | €27,223 | €32,634 | €51,990 | €42,977 | €48,482 | €33,209 | €39,328 | €31,215 | ▼ 20.6% |
| Profit (loss) for the period to be appropriated9905 | €27,223 | €32,634 | €51,990 | €42,977 | €48,482 | €33,209 | €39,328 | €31,215 | ▼ 20.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €113,892 | €112,066 | €134,837 | €142,074 | €147,002 | €131,481 | €129,924 | €121,637 | ▼ 6.4% |
| Fixed assets21/28 | €63,968 | €64,431 | €58,844 | €53,258 | €47,671 | €64,123 | €58,693 | €52,879 | ▼ 9.9% |
| Tangible fixed assets22/27 | €63,968 | €64,431 | €58,844 | €53,258 | €47,671 | €64,123 | €58,693 | €52,879 | ▼ 9.9% |
| Land and buildings22 | - | - | - | €49,967 | €46,461 | €42,956 | €39,450 | €35,945 | ▼ 8.9% |
| Furniture and vehicles24 | - | - | - | €3,291 | €1,210 | - | - | - | - |
| Other tangible fixed assets26 | - | - | - | - | - | €21,167 | €19,243 | €16,934 | ▼ 12.0% |
| Current assets29/58 | €49,924 | €47,635 | €75,993 | €88,817 | €99,331 | €67,358 | €71,230 | €68,758 | ▼ 3.5% |
| Amounts receivable after more than one year29 | - | - | - | - | - | €0 | - | - | - |
| Amounts receivable within one year40/41 | €19,465 | €21,035 | €19,459 | €14,308 | €11,721 | €31,665 | €36,915 | €40,130 | ▲ 8.7% |
| Trade receivables40 | - | - | - | €13,808 | €11,721 | €29,865 | €33,915 | €35,730 | ▲ 5.4% |
| Other amounts receivable41 | - | - | - | €500 | - | €1,800 | €3,000 | €4,400 | ▲ 46.7% |
| Cash at bank and in hand54/58 | €30,459 | €26,599 | €56,534 | €74,509 | €87,610 | €35,692 | €34,316 | €28,627 | ▼ 16.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €113,892 | €112,066 | €134,837 | €142,074 | €147,002 | €131,481 | €129,924 | €121,637 | ▼ 6.4% |
| Equity10/15 | €79,305 | €81,938 | €93,929 | €96,906 | €97,387 | €90,596 | €89,924 | €90,139 | ▲ 0.2% |
| Contributions10/11 | €30,987 | €30,987 | - | €30,987 | €30,987 | €30,987 | €30,987 | €30,987 | = |
| Reserves13 | €3,100 | €3,100 | €3,100 | €3,100 | €3,100 | €3,100 | €3,100 | €3,100 | = |
| Non-distributable reserves130/1 | - | - | - | €3,100 | €3,100 | €3,100 | €3,100 | €3,100 | = |
| Reserves not available under the articles1311 | - | - | - | €3,100 | €3,100 | €3,100 | €3,100 | €3,100 | = |
| Profit (loss) carried forward14 | €45,218 | €47,851 | €59,842 | €62,819 | €63,300 | €56,509 | €55,837 | €56,052 | ▲ 0.4% |
| Amounts payable17/49 | €34,588 | €30,127 | €40,909 | €45,169 | €49,615 | €40,885 | €40,000 | €31,498 | ▼ 21.3% |
| Amounts payable within one year42/48 | €34,588 | €30,127 | €40,909 | €45,169 | €49,615 | €40,885 | €40,000 | €31,498 | ▼ 21.3% |
| Trade debts44 | €2,005 | €127 | €909 | €4,406 | €680 | €885 | - | €498 | - |
| Suppliers440/4 | - | - | - | €4,406 | €680 | €885 | - | €498 | - |
| Taxes, remuneration and social security45 | - | - | - | €762 | €935 | €0 | - | - | - |
| Taxes450/3 | - | - | - | €762 | €935 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €40,000 | €48,000 | €40,000 | €40,000 | €31,000 | ▼ 22.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,223 | €32,634 | €51,990 | €42,977 | €48,482 | €33,209 | €39,328 | €31,215 | ▼ 20.6% |
| + Depreciation and write-downs630 | €4,377 | €5,587 | €5,587 | €5,587 | €5,587 | €6,640 | €5,430 | €5,815 | ▲ 7.1% |
| Operating cash flow (approximation) | €31,600 | €38,220 | €57,577 | €48,564 | €54,068 | €39,849 | €44,758 | €37,029 | ▼ 17.3% |
| Investment in fixed assets (approximation) | - | -€6,050 | €0 | €0 | €0 | -€23,092 | €0 | €0 | - |
| Change in cash | - | -€3,860 | €29,935 | €17,975 | €13,101 | -€51,917 | -€1,377 | -€5,688 | ▼ 313% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 35 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 16-05-2026 | 2026-00114682 |
| 31-12-2024 | micro format | 23-05-2025 | 2025-00107722 |
| 31-12-2023 | micro format | 28-05-2024 | 2024-00100553 |
| 31-12-2022 | micro format | 02-06-2023 | 2023-00106813 |
| 31-12-2021 | micro format | 29-05-2022 | 2022-20040411 |
| 31-12-2020 | micro format | 25-05-2021 | 2021-15200262 |
| 31-12-2019 | micro format | 21-05-2020 | 2020-12900527 |
| 31-12-2018 | micro format | 20-05-2019 | 2019-13700427 |
| 31-12-2017 | micro format | 22-05-2018 | 2018-13700333 |
| 31-12-2016 | micro format | 22-05-2017 | 2017-12700565 |
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Of the 4,604 active companies whose main activity is insurance agents and brokers (NACE 66220), figures are known for 3,225. 2,635 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.