Seghers Johan
ActiveSummary
Seghers Johan has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €107,012 and a net result of €16,229. Equity is growing by ~8.4% per year across the filed fiscal years. Its solvency ranks better than 47% of 28184 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▼-5
Solvency69▼-4
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 1.85 against 2.11 in 2024; short-term debt: 26.5% and cash: 40.2% of total assets), but 55.8% 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 · 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
44.2%
Return on assets
6.7%
Age of the figures
9 mo
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 31-12-2025 was due by 31-07-2026 and was filed on 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 d early
2024
7 d early
2023
90 d early
2022
27 d early
2021
28 d early
2020
8 d early
2019
on the day
← 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 30 days before 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
€107,012▼ 1.9%
2024 · €109,042
Total assets
€242,345▲ 5.7%
2024 · €229,187
Net result
€16,229▼ 32.5%
2024 · €24,051
Working capital
€54,400▼ 16.4%
2024 · €65,048
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€23,961€19,364▼ 19.2%€9,347▼ 51.7%€36,428▲ 290%€25,526▼ 29.9%
Net result€19,886within the sector's middle half€12,905within the sector's middle half▼ 35.1%€4,990within the sector's middle half▼ 61.3%€24,051within the sector's middle half▲ 382%€16,229within the sector's middle half▼ 32.5%
Equity€77,097within the sector's middle half▲ 34.8%€80,002within the sector's middle half▲ 3.8%€84,991within the sector's middle half▲ 6.2%€109,042within the sector's middle half▲ 28.3%€107,012within the sector's middle half▼ 1.9%
Total assets€210,846within the sector's middle half▲ 42.7%€159,940within the sector's middle half▼ 24.1%€175,514within the sector's middle half▲ 9.7%€229,187within the sector's middle half▲ 30.6%€242,345within the sector's middle half▲ 5.7%
Debt€133,749▲ 47.6%€79,938▼ 40.2%€90,522▲ 13.2%€120,144▲ 32.7%€135,333▲ 12.6%
Working capital€30,207▲ 70.5%€40,232▲ 33.2%€42,000▲ 4.4%€65,048▲ 54.9%€54,400▼ 16.4%
Solvency36.6%within the sector's middle half▼ 2.1pp50.0%within the sector's middle half▲ 13.5pp48.4%within the sector's middle half▼ 1.6pp47.6%within the sector's middle half▼ 0.8pp44.2%within the sector's middle half▼ 3.4pp
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 falls in 2025; 2025 is 30% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €242,345
Fixed assets
€123,632 ▲ 17.2%
Current assets
€118,712 ▼ 4.0%
Equity and liabilities €242,345
Equity
€107,012 ▼ 1.9%
Debt
€135,333 ▲ 12.6%
Debt's share of the balance-sheet total rises from 52.4% to 55.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€56,237▼
2024 · €72,921
Cash flow
€46,941▼
2024 · €60,543
Current ratio
1.85▼
2024 · 2.11
Quick ratio
1.78▼
2024 · 2.04
Debt to equity
1.26▲
2024 · 1.10
ROE
15.2%▼
2024 · 22.1%
ROA
6.7%▼
2024 · 10.5%
Interest coverage
17.79▼
2024 · 28.11
Debt ≤ 1 year
€64,312▲
2024 · €58,624
Debt > 1 year
€70,954▲
2024 · €61,455
Income taxes
€6,139▼
2024 · €9,783
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
still going
A further 0.2% 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 34,672 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28,704 | €30,836 | €36,383 | €36,492 | €30,711 | ▼ 15.8% |
| Other operating charges640/8 | €1,452 | €2,813 | €3,278 | €3,330 | €5,433 | ▲ 63.1% |
| Gross operating margin9900 | €54,118 | €53,013 | €49,008 | €76,251 | €61,670 | ▼ 19.1% |
| Operating profit (loss)9901 | €23,961 | €19,364 | €9,347 | €36,428 | €25,526 | ▼ 29.9% |
| Financial income75/76B | €1 | €0 | €2 | €0 | €4 | - |
| Recurring financial income75 | €1 | €0 | €2 | €0 | €4 | - |
| Financial charges65/66B | €1,825 | €1,401 | €1,613 | €2,594 | €3,162 | ▲ 21.9% |
| Recurring financial charges65 | €1,825 | €1,401 | €1,613 | €2,594 | €3,162 | ▲ 21.9% |
| Profit (loss) for the period before taxes9903 | €22,137 | €17,964 | €7,735 | €33,834 | €22,369 | ▼ 33.9% |
| Income taxes67/77 | €2,251 | €5,059 | €2,745 | €9,783 | €6,139 | ▼ 37.2% |
| Profit (loss) for the period9904 | €19,886 | €12,905 | €4,990 | €24,051 | €16,229 | ▼ 32.5% |
| Profit (loss) for the period to be appropriated9905 | €19,886 | €12,905 | €4,990 | €24,051 | €16,229 | ▼ 32.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €210,846 | €159,940 | €175,514 | €229,187 | €242,345 | ▲ 5.7% |
| Fixed assets21/28 | €103,394 | €78,479 | €93,219 | €105,515 | €123,632 | ▲ 17.2% |
| Tangible fixed assets22/27 | €103,394 | €78,479 | €93,219 | €105,515 | €123,632 | ▲ 17.2% |
| Plant, machinery and equipment23 | €20,774 | €21,938 | €20,952 | €17,816 | €14,898 | ▼ 16.4% |
| Furniture and vehicles24 | €23,220 | €11,992 | €3,741 | €2,958 | €2,175 | ▼ 26.5% |
| Leasing and similar rights25 | €59,400 | €44,550 | €68,527 | €84,741 | €106,559 | ▲ 25.7% |
| Current assets29/58 | €107,452 | €81,460 | €82,294 | €123,671 | €118,712 | ▼ 4.0% |
| Stocks and contracts in progress3 | €3,902 | €3,902 | €3,902 | €4,100 | €4,100 | = |
| Stocks30/36 | €3,902 | €3,902 | €3,902 | €4,100 | €4,100 | = |
| Amounts receivable within one year40/41 | €64,798 | €7,237 | €12,651 | €10,385 | €12,051 | ▲ 16.0% |
| Trade receivables40 | €53,325 | €2,631 | €8,870 | €2,886 | €968 | ▼ 66.4% |
| Other amounts receivable41 | €11,473 | €4,605 | €3,781 | €7,500 | €11,082 | ▲ 47.8% |
| Cash at bank and in hand54/58 | €35,760 | €69,128 | €64,193 | €107,284 | €97,379 | ▼ 9.2% |
| Deferred charges and accrued income490/1 | €2,992 | €1,194 | €1,549 | €1,902 | €5,183 | ▲ 172% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €210,846 | €159,940 | €175,514 | €229,187 | €242,345 | ▲ 5.7% |
| Equity10/15 | €77,097 | €80,002 | €84,991 | €109,042 | €107,012 | ▼ 1.9% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €70,897 | €73,802 | €78,791 | €102,842 | €100,812 | ▼ 2.0% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | €69,037 | €71,942 | €78,791 | €102,842 | €100,812 | ▼ 2.0% |
| Profit (loss) carried forward14 | - | €0 | €0 | - | €0 | - |
| Amounts payable17/49 | €133,749 | €79,938 | €90,522 | €120,144 | €135,333 | ▲ 12.6% |
| Amounts payable after more than one year17 | €51,524 | €38,646 | €50,164 | €61,455 | €70,954 | ▲ 15.5% |
| Financial debts170/4 | €51,524 | €38,646 | €50,164 | €61,455 | €70,954 | ▲ 15.5% |
| Amounts payable within one year42/48 | €77,245 | €41,229 | €40,295 | €58,624 | €64,312 | ▲ 9.7% |
| Current portion of amounts payable after more than one year42 | €13,711 | €12,878 | €21,623 | €30,040 | €34,620 | ▲ 15.2% |
| Trade debts44 | €55,249 | €19,510 | €6,599 | €18,615 | €20,408 | ▲ 9.6% |
| Suppliers440/4 | €55,249 | €19,510 | €6,599 | €18,615 | €20,408 | ▲ 9.6% |
| Taxes, remuneration and social security45 | €6,780 | €5,006 | €6,461 | €2,932 | €2,716 | ▼ 7.4% |
| Taxes450/3 | €6,780 | €5,006 | €6,461 | €2,932 | €2,716 | ▼ 7.4% |
| Other amounts payable47/48 | €1,504 | €3,834 | €5,612 | €7,035 | €6,568 | ▼ 6.6% |
| Accrued charges and deferred income492/3 | €4,980 | €63 | €64 | €66 | €67 | ▲ 2.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,886 | €12,905 | €4,990 | €24,051 | €16,229 | ▼ 32.5% |
| + Depreciation and write-downs630 | €28,704 | €30,836 | €36,383 | €36,492 | €30,711 | ▼ 15.8% |
| Operating cash flow (approximation) | €48,590 | €43,741 | €41,373 | €60,543 | €46,941 | ▼ 22.5% |
| Investment in fixed assets (approximation) | - | -€5,921 | -€51,123 | -€48,788 | -€48,828 | ▼ 0.1% |
| Change in cash | - | €33,368 | -€4,935 | €43,091 | -€9,905 | ▼ 123% |
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
12-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €24,051 ▲382%
Operating result €36,428, net result €24,051, both a record.
31-12
Financial
Equity above €100,000Eq €109,042 ▲28.3%
4 profitable years in a row build equity to €109,042.
02-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
03-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €19,886
Net result €19,886 after one loss-making year.
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€21,667
Net result drops to -€21,667, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
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 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
4 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, Balen · 1 establishment unit since 2011
Ground area
1,251 m²
Building footprint
132 m²
Volume, LiDAR
953 m³
Parcel 13030C0002/00K000, Flanders · tallest building 13.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Seghers Johan
since 20112.204.464.461
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13030C0002/00K000 | Flanders | 1,251 m² | 1 · 132 m² | 13.0 m · 2 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 20,025 companies in sector 43320 we hold annual accounts for 9,138. 7,720 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
Founded17-10-2011
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0840435120
Also
9925:BE0840435120
Registered
23-06-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.