SEGHERS FRANS
ActiveSummary
SEGHERS FRANS has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €417,248 and a net result of €170,614. Equity is growing by ~31.3% per year across the filed fiscal years. Its solvency ranks better than 47% of 28806 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability92▲+31
Solvency70▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity short (current ratio 0.86 against 0.34 in 2024; short-term debt: 46.5% and cash: 1.1% of total assets), and 55.3% of the assets are financed with debt.
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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
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
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
44.7%
Return on assets
18.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
29 d late
2023
69 d late
2022
50 d late
2021
6 d early
2020
43 d early
2019
1 d early
← 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 18 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. Usually files around 31 August (4 of the last 5 filed years within 37 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€417,248▼ 27.7%
2024 · €577,312
Total assets
€934,317▼ 20.6%
2024 · €1.2m
Net result
€170,614▲ 941%
2024 · €16,396
Working capital
-€59,506▲ 82.4%
2024 · -€337,246
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. 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 fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€93,661€17,589▼ 81.2%€3,411▼ 80.6%€31,748▲ 831%€209,961▲ 561%
Net result€85,714within the sector's middle half€7,390below the sector's middle half▼ 91.4%-€24,257below the sector's middle half€16,396within the sector's middle half€170,614above the sector's middle half▲ 941%
Equity€267,783within the sector's middle half▲ 47.1%€275,173within the sector's middle half▲ 2.8%€1.0mabove the sector's middle half▲ 275%€577,312above the sector's middle half▼ 44.0%€417,248above the sector's middle half▼ 27.7%
Total assets€859,094within the sector's middle half▲ 62.7%€573,476within the sector's middle half▼ 33.2%€1.3mwithin the sector's middle half▲ 129%€1.2mabove the sector's middle half▼ 10.4%€934,317above the sector's middle half▼ 20.6%
Debt€591,311▲ 70.9%€298,303▼ 49.6%€282,398▼ 5.3%€598,914▲ 112%€517,068▼ 13.7%
Working capital-€144,795below the sector's middle half▼ 29.9%-€71,058below the sector's middle half▲ 50.9%-€118,013below the sector's middle half▼ 66.1%-€337,246below the sector's middle half▼ 186%-€59,506below the sector's middle half▲ 82.4%
Solvency31.2%within the sector's middle half▼ 3.3pp48.0%within the sector's middle half▲ 16.8pp78.5%above the sector's middle half▲ 30.5pp49.1%within the sector's middle half▼ 29.4pp44.7%within the sector's middle half▼ 4.4pp
Current ratio0.68below the sector's middle half▲ 0.300.60below the sector's middle half▼ 0.080.33below the sector's middle half▼ 0.260.34below the sector's middle half▲ 0.010.86below the sector's middle half▲ 0.52
Return on assets (ROA)10.0%within the sector's middle half▲ 24.1pp1.3%below the sector's middle half▼ 8.7pp-1.8%below the sector's middle half▼ 3.1pp1.4%within the sector's middle half▲ 3.2pp18.3%above the sector's middle half▲ 16.9pp
Staff (FTE)3.1within the sector's middle half▼ 57.5%0.6below the sector's middle half▼ 80.6%0below the sector's middle half▼ 100%
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 abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 561% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €934,317
Fixed assets
€559,828 ▼ 44.2%
Current assets
€374,489 ▲ 116%
Equity and liabilities €934,317
Equity
€417,248 ▼ 27.7%
Debt
€517,068 ▼ 13.7%
Debt's share of the balance-sheet total rises from 50.9% to 55.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€209,961▲
2024 · €37,945
Cash flow
€170,614▲
2024 · €22,593
Debt to equity
1.24▲
2024 · 1.04
ROE
40.9%▲
2024 · 2.8%
Interest coverage
16.06▲
2024 · 4.80
Debt ≤ 1 year
€433,994▼
2024 · €510,644
Debt > 1 year
€83,074▼
2024 · €88,270
Income taxes
€26,974▲
2024 · €7,450
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 20,134 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 | €64,500 | €27,473 | €34,912 | €0 | - | - |
| Remuneration, social security and pensions62 | €67,725 | €10,704 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,578 | €1,989 | €7,820 | €6,197 | €0 | ▼ 100% |
| Other operating charges640/8 | €7,685 | €16,154 | €23,671 | €8,618 | €44,289 | ▲ 414% |
| Non-recurring operating charges66A | €24,777 | €1,205 | €7,576 | €0 | - | - |
| Gross operating margin9900 | €196,426 | €47,641 | €42,477 | €46,563 | €254,251 | ▲ 446% |
| Operating profit (loss)9901 | €93,661 | €17,589 | €3,411 | €31,748 | €209,961 | ▲ 561% |
| Financial income75/76B | €1,419 | €752 | €1,134 | €0 | €699 | ▲ 1,398,020% |
| Recurring financial income75 | €1,419 | €752 | €1,134 | €0 | €699 | ▲ 1,398,020% |
| Financial charges65/66B | €9,366 | €10,951 | €10,700 | €7,902 | €13,072 | ▲ 65.4% |
| Recurring financial charges65 | €9,366 | €10,951 | €10,700 | €7,902 | €13,072 | ▲ 65.4% |
| Profit (loss) for the period before taxes9903 | €85,714 | €7,390 | -€6,155 | €23,846 | €197,588 | ▲ 729% |
| Income taxes67/77 | - | - | €18,102 | €7,450 | €26,974 | ▲ 262% |
| Profit (loss) for the period9904 | €85,714 | €7,390 | -€24,257 | €16,396 | €170,614 | ▲ 941% |
| Profit (loss) for the period to be appropriated9905 | €85,714 | €7,390 | -€24,257 | €16,396 | €170,614 | ▲ 941% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €859,094 | €573,476 | €1.3m | €1.2m | €934,317 | ▼ 20.6% |
| Fixed assets21/28 | €554,195 | €467,881 | €1.3m | €1.0m | €559,828 | ▼ 44.2% |
| Tangible fixed assets22/27 | €539,195 | €452,881 | €1.3m | €1.0m | €559,828 | ▼ 44.2% |
| Land and buildings22 | €443,418 | €451,673 | €1.3m | €1.0m | €559,828 | ▼ 44.1% |
| Furniture and vehicles24 | - | €1,208 | €895 | €582 | €0 | ▼ 100% |
| Leasing and similar rights25 | €95,777 | - | - | - | - | - |
| Financial fixed assets28 | €15,000 | €15,000 | €0 | - | - | - |
| Current assets29/58 | €304,899 | €105,595 | €59,289 | €173,398 | €374,489 | ▲ 116% |
| Amounts receivable within one year40/41 | €136,376 | €96,975 | €52,575 | €172,509 | €343,521 | ▲ 99.1% |
| Trade receivables40 | €84,418 | €58,968 | €52,575 | €170,571 | €3,416 | ▼ 98.0% |
| Other amounts receivable41 | €51,958 | €38,007 | €0 | €1,938 | €340,105 | ▲ 17,450% |
| Cash at bank and in hand54/58 | €168,523 | €8,620 | €6,640 | €672 | €10,032 | ▲ 1,392% |
| Deferred charges and accrued income490/1 | - | - | €74 | €217 | €20,936 | ▲ 9,560% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €859,094 | €573,476 | €1.3m | €1.2m | €934,317 | ▼ 20.6% |
| Equity10/15 | €267,783 | €275,173 | €1.0m | €577,312 | €417,248 | ▼ 27.7% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Capital10 | €18,592 | €18,592 | - | - | - | - |
| Issued capital100 | €18,592 | €18,592 | - | - | - | - |
| Revaluation surpluses12 | €256,586 | €256,586 | €1.0m | €566,586 | €335,909 | ▼ 40.7% |
| Reserves13 | €233,424 | €233,424 | €233,424 | €233,424 | €207,249 | ▼ 11.2% |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Legal reserve130 | €1,859 | €1,859 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,859 | €1,859 | - | - |
| Other1319 | - | - | - | - | €1,859 | - |
| Tax-exempt reserves132 | €205,390 | €205,390 | €205,390 | €205,390 | €205,390 | = |
| Distributable reserves133 | €26,175 | €26,175 | €26,175 | €26,175 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | -€240,819 | -€233,429 | -€257,686 | -€241,290 | -€144,502 | ▲ 40.1% |
| Amounts payable17/49 | €591,311 | €298,303 | €282,398 | €598,914 | €517,068 | ▼ 13.7% |
| Amounts payable after more than one year17 | €141,545 | €121,552 | €105,096 | €88,270 | €83,074 | ▼ 5.9% |
| Financial debts170/4 | €141,545 | €121,552 | €105,096 | €88,270 | €71,074 | ▼ 19.5% |
| Other amounts payable178/9 | - | - | - | - | €12,000 | - |
| Amounts payable within one year42/48 | €449,694 | €176,653 | €177,302 | €510,644 | €433,994 | ▼ 15.0% |
| Current portion of amounts payable after more than one year42 | €174,382 | €19,994 | €16,456 | €16,825 | €18,104 | ▲ 7.6% |
| Financial debts43 | - | €11,262 | €17,817 | €150,000 | €0 | ▼ 100% |
| Credit institutions430/8 | - | €11,262 | €17,817 | €150,000 | €0 | ▼ 100% |
| Trade debts44 | €265,712 | €89,779 | €76,504 | €242,287 | €281,498 | ▲ 16.2% |
| Suppliers440/4 | €265,712 | €89,779 | €76,504 | €242,287 | €281,498 | ▲ 16.2% |
| Taxes, remuneration and social security45 | €9,600 | €10,920 | €11,183 | €10,687 | €34,393 | ▲ 222% |
| Taxes450/3 | €2,125 | €10,920 | €11,183 | €10,687 | €34,393 | ▲ 222% |
| Remuneration and social security454/9 | €7,475 | - | - | - | - | - |
| Other amounts payable47/48 | - | €44,698 | €55,342 | €90,844 | €100,000 | ▲ 10.1% |
| Accrued charges and deferred income492/3 | €72 | €98 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €85,714 | €7,390 | -€24,257 | €16,396 | €170,614 | ▲ 941% |
| + Depreciation and write-downs630 | €2,578 | €1,989 | €7,820 | €6,197 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €88,292 | €9,379 | -€16,437 | €22,593 | €170,614 | ▲ 655% |
| Investment in fixed assets (approximation) | - | €84,325 | -€793,964 | €245,000 | €442,999 | ▲ 80.8% |
| Change in cash | - | -€159,903 | -€1,980 | -€5,968 | €9,359 | ▲ 257% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Highest result since 2018net €170,614 ▲941%
Operating result €209,961, net result €170,614, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €16,396
Net result €16,396 after one loss-making year.
08-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 69 days late
2023
31-12
Financial
Equity above €1mEq €1.0m ▲275%
Equity rises from €275,173 to €1.0m.
19-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 50 days late
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €85,714
Net result €85,714 after 3 loss-making years.
31-12
Financial
Equity above €200,000Eq €267,783 ▲47.1%
Equity rises from €182,069 to €267,783.
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet -€74,481
Net result drops to -€74,481, the lowest in the series; recovery starts the following year.
Show earlier events
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €200,000Eq €256,550 ▲798%
Equity rises from €28,556 to €256,550.
05-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 1994
Ground area
1.1 ha
Parcel 46003A0471/00A000, Flanders. Linked by address, not a title deed.
1 establishment unit
SEGHERS FRANS BVBA
since 19942.069.242.602
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46003A0471/00A000 | Flanders | 1.1 ha | - | - |
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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Company details
Identification
Legal formPrivate limited company
Founded22-11-1994
Fiscal year end31-12
Activities, NACEBEL 2025
43422Screed work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0453833207
Also
9925:BE0453833207
Registered
12-02-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.