SEGO
ActiveSummary
SEGO has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7.3m and a net result of €789,696. Equity is growing by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 71% of 4926 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability65▲+7
Solvency89▲+10
Growth69▲+5
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €600,000 at 30 days acceptable
Liquidity ample (current ratio 2.83 against 2.24 in 2024; short-term debt: 34.8% and cash: 45.5% of total assets), and 35.7% 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
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
64.3%
Return on assets
7%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
28 d early
2023
27 d early
2022
19 d early
2021
23 d early
2020
19 d early
2019
20 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 16 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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, full schema
In the rankings
#4 company by equity in Ranst, Wholesale and retail trade sector#6 company by total assets in Ranst, Wholesale and retail trade sector
Turnover
€19.6m▲ 40.3%
2024 · €14.0m
EBIT margin
4.5%▲ 2.8pp
2024 · 1.8%
Net result
€789,696▲ 136%
2024 · €334,612
Working capital
€7.2m▲ 9.8%
2024 · €6.6m
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
Turnover€13.3m▲ 16.5%€14.2m▲ 6.7%€13.3m▼ 6.9%€14.0m▲ 5.3%€19.6m▲ 40.3%
Operating result€490,829▼ 21.6%€488,067▼ 0.6%-€360,002€245,189€890,426▲ 263%
Net result€374,768▼ 22.6%€389,939▲ 4.0%-€291,509€334,612€789,696▲ 136%
EBIT margin3.7%▼ 1.8pp3.4%▼ 0.3pp-2.7%▼ 6.1pp1.8%▲ 4.5pp4.5%▲ 2.8pp
Equity€6.1m▲ 6.6%€6.4m▲ 6.4%€6.2m▼ 4.5%€6.5m▲ 5.4%€7.3m▲ 12.2%
Total assets€9.7m▼ 2.0%€10.8m▲ 11.7%€11.8m▲ 8.6%€12.1m▲ 2.7%€11.3m▼ 6.3%
Debt€3.5m▼ 13.8%€4.3m▲ 21.1%€5.5m▲ 28.5%€5.5m▼ 0.3%€3.9m▼ 28.3%
Working capital€7.0m▲ 0.9%€7.2m▲ 2.3%€6.5m▼ 9.9%€6.6m▲ 1.7%€7.2m▲ 9.8%
Staff (FTE)5.5=6.1▲ 10.9%6.5▲ 6.6%6▼ 7.7%4.7▼ 21.7%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 263% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11.3m
Fixed assets
€184,714 ▼ 27.0%
Current assets
€11.1m ▼ 5.9%
Equity and liabilities €11.3m
Equity
€7.3m ▲ 12.2%
Provisions
€110,000 =
Debt
€3.9m ▼ 28.3%
Debt's share of the balance-sheet total falls from 45.4% to 34.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€979,658▲
2024 · €346,257
Cash flow
€878,929▲
2024 · €435,680
Current ratio
2.83▲
2024 · 2.24
Quick ratio
2.76▲
2024 · 2.17
Debt to equity
0.54▼
2024 · 0.85
ROE
10.8%▲
2024 · 5.2%
ROA
7.0%▲
2024 · 2.8%
Interest coverage
265.84▲
2024 · 53.04
Debt ≤ 1 year
€3.9m▼
2024 · €5.3m
Income taxes
€292,003▲
2024 · €17,969
Staff costs
€386,309▼
2024 · €520,020
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
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 0.3% 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 31,324 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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | €13.4m | €14.3m | €13.3m | €14.0m | €19.6m | ▲ 40.2% |
| Turnover70 | €13.3m | €14.2m | €13.3m | €14.0m | €19.6m | ▲ 40.3% |
| Other operating income74 | €18,599 | €19,587 | €20,708 | €17,851 | €20,154 | ▲ 12.9% |
| Non-recurring operating income76A | €1,068 | - | - | - | - | - |
| Operating charges60/66A | €12.9m | €13.8m | €13.6m | €13.7m | €18.7m | ▲ 36.3% |
| Goods for resale, raw materials and consumables60 | €12.0m | €12.9m | €12.6m | €12.7m | €17.8m | ▲ 40.3% |
| Purchases600/8 | €12.0m | €13.1m | €12.5m | €12.6m | €17.6m | ▲ 40.4% |
| Change in stocks: decrease (increase)609 | -€22,419 | -€248,055 | €118,625 | €101,837 | €131,671 | ▲ 29.3% |
| Services and other goods61 | €433,279 | €386,545 | €356,542 | €450,789 | €475,509 | ▲ 5.5% |
| Remuneration, social security and pensions62 | €362,973 | €427,646 | €590,967 | €520,020 | €386,309 | ▼ 25.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €49,064 | €60,062 | €72,217 | €101,068 | €89,232 | ▼ 11.7% |
| Other operating charges640/8 | €6,538 | €6,818 | €5,406 | €5,494 | €5,559 | ▲ 1.2% |
| Operating profit (loss)9901 | €490,829 | €488,067 | -€360,002 | €245,189 | €890,426 | ▲ 263% |
| Financial income75/76B | €30,235 | €89,157 | €80,533 | €115,495 | €198,499 | ▲ 71.9% |
| Recurring financial income75 | €30,235 | €89,157 | €80,533 | €115,495 | €198,499 | ▲ 71.9% |
| Income from current assets751 | €20,385 | €72,325 | €69,220 | €99,872 | €179,239 | ▲ 79.5% |
| Other financial income752/9 | €9,850 | €16,832 | €11,313 | €15,623 | €19,260 | ▲ 23.3% |
| Financial charges65/66B | €18,195 | €48,311 | €11,207 | €8,103 | €7,226 | ▼ 10.8% |
| Recurring financial charges65 | €18,195 | €48,311 | €11,207 | €8,103 | €7,226 | ▼ 10.8% |
| Debt charges650 | €15,151 | €42,440 | €9,334 | €6,528 | €3,685 | ▼ 43.5% |
| Other financial charges652/9 | €3,045 | €5,872 | €1,874 | €1,575 | €3,541 | ▲ 125% |
| Profit (loss) for the period before taxes9903 | €502,869 | €528,913 | -€290,676 | €352,581 | €1.1m | ▲ 207% |
| Income taxes67/77 | €128,101 | €138,973 | €833 | €17,969 | €292,003 | ▲ 1,525% |
| Taxes670/3 | €128,101 | €138,973 | €833 | €17,969 | €296,748 | ▲ 1,551% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | €4,746 | - |
| Profit (loss) for the period9904 | €374,768 | €389,939 | -€291,509 | €334,612 | €789,696 | ▲ 136% |
| Profit (loss) for the period to be appropriated9905 | €374,768 | €389,939 | -€291,509 | €334,612 | €789,696 | ▲ 136% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9.7m | €10.8m | €11.8m | €12.1m | €11.3m | ▼ 6.3% |
| Fixed assets21/28 | €226,546 | €176,219 | €310,426 | €253,067 | €184,714 | ▼ 27.0% |
| Tangible fixed assets22/27 | €226,296 | €175,969 | €310,176 | €252,817 | €184,464 | ▼ 27.0% |
| Plant, machinery and equipment23 | €154,007 | €118,931 | €75,560 | €36,593 | €21,610 | ▼ 40.9% |
| Furniture and vehicles24 | €72,289 | €57,037 | €234,615 | €178,079 | €128,774 | ▼ 27.7% |
| Other tangible fixed assets26 | - | - | - | €38,145 | €34,080 | ▼ 10.7% |
| Financial fixed assets28 | €250 | €250 | €250 | €250 | €250 | = |
| Other financial fixed assets284/8 | €250 | €250 | €250 | €250 | €250 | = |
| Amounts receivable and cash guarantees285/8 | €250 | €250 | €250 | €250 | €250 | = |
| Current assets29/58 | €9.5m | €10.7m | €11.5m | €11.8m | €11.1m | ▼ 5.9% |
| Amounts receivable after more than one year29 | €1.2m | €945,000 | €675,000 | €405,000 | €135,000 | ▼ 66.7% |
| Other amounts receivable291 | €1.2m | €945,000 | €675,000 | €405,000 | €135,000 | ▼ 66.7% |
| Stocks and contracts in progress3 | €387,375 | €635,429 | €516,804 | €414,967 | €283,296 | ▼ 31.7% |
| Stocks30/36 | €387,375 | €635,429 | €516,804 | €414,967 | €283,296 | ▼ 31.7% |
| Goods purchased for resale34 | €387,375 | €635,429 | €516,804 | €414,967 | €283,296 | ▼ 31.7% |
| Amounts receivable within one year40/41 | €3.5m | €3.8m | €4.0m | €3.4m | €3.5m | ▲ 2.6% |
| Trade receivables40 | €3.2m | €3.5m | €3.6m | €3.1m | €3.1m | ▲ 1.7% |
| Other amounts receivable41 | €290,325 | €281,589 | €412,380 | €310,236 | €346,307 | ▲ 11.6% |
| Current investments50/53 | €2.0m | €603,528 | €3.7m | €2.1m | €2.1m | ▲ 0.7% |
| Other investments51/53 | €2.0m | €603,528 | €3.7m | €2.1m | €2.1m | ▲ 0.7% |
| Cash at bank and in hand54/58 | €2.4m | €4.7m | €2.6m | €5.5m | €5.1m | ▼ 7.0% |
| Deferred charges and accrued income490/1 | €8,652 | €8,494 | €18,050 | €7,125 | €2,083 | ▼ 70.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9.7m | €10.8m | €11.8m | €12.1m | €11.3m | ▼ 6.3% |
| Equity10/15 | €6.1m | €6.4m | €6.2m | €6.5m | €7.3m | ▲ 12.2% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €2,603 | €2,603 | €2,603 | €2,603 | €7.3m | ▲ 278,853% |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | €743 | €743 | €743 | €743 | €7.3m | ▲ 976,193% |
| Profit (loss) carried forward14 | €6.0m | €6.4m | €6.1m | €6.5m | - | - |
| Provisions and deferred taxes16 | €110,000 | €110,000 | €110,000 | €110,000 | €110,000 | = |
| Provisions for liabilities and charges160/5 | €110,000 | €110,000 | €110,000 | €110,000 | €110,000 | = |
| Other liabilities and charges164/5 | €110,000 | €110,000 | €110,000 | €110,000 | €110,000 | = |
| Amounts payable17/49 | €3.5m | €4.3m | €5.5m | €5.5m | €3.9m | ▼ 28.3% |
| Amounts payable after more than one year17 | €1.1m | €776,540 | €496,651 | €213,919 | - | - |
| Financial debts170/4 | €1.1m | €776,540 | €496,651 | €213,919 | - | - |
| Credit institutions173 | €1.1m | €776,540 | €496,651 | €213,919 | - | - |
| Amounts payable within one year42/48 | €2.5m | €3.5m | €5.0m | €5.3m | €3.9m | ▼ 25.3% |
| Current portion of amounts payable after more than one year42 | €274,349 | €277,115 | €279,889 | €282,732 | €213,919 | ▼ 24.3% |
| Trade debts44 | €2.1m | €3.1m | €4.6m | €4.9m | €3.6m | ▼ 25.9% |
| Suppliers440/4 | €2.1m | €3.1m | €4.6m | €4.9m | €3.6m | ▼ 25.9% |
| Taxes, remuneration and social security45 | €131,334 | €107,116 | €115,508 | €65,579 | €52,148 | ▼ 20.5% |
| Taxes450/3 | €84,124 | €45,684 | €40,991 | €15,481 | €16,138 | ▲ 4.2% |
| Remuneration and social security454/9 | €47,210 | €61,432 | €74,517 | €50,098 | €36,010 | ▼ 28.1% |
| Other amounts payable47/48 | €3,705 | €21,941 | €58,505 | €45,191 | €52,231 | ▲ 15.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €374,768 | €389,939 | -€291,509 | €334,612 | €789,696 | ▲ 136% |
| + Depreciation and write-downs630 | €49,064 | €60,062 | €72,217 | €101,068 | €89,232 | ▼ 11.7% |
| Operating cash flow (approximation) | €423,832 | €450,002 | -€219,292 | €435,680 | €878,929 | ▲ 102% |
| Investment in fixed assets (approximation) | - | -€9,735 | -€206,424 | -€43,709 | -€20,880 | ▲ 52.2% |
| Change in cash | - | €2.3m | -€2.0m | €2.9m | -€389,021 | ▼ 113% |
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
14-08
State Gazette act
Reappointment: Callens Vandelanotte (statutory auditor)Permanent representative: Dirk Wouters3 facts ▸
State Gazette act
Reappointment: Callens Vandelanotte (statutory auditor)
Permanent representative: Dirk Wouters3 facts ▸
- General meeting, 26-06-2026
- Auditor reappointment, Callens Vandelanotte (statutory auditor)
- Permanent representative, Dirk Wouters (representative)
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €789,696 ▲136%
Net result €789,696, the highest in the series.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €334,612
Net result €334,612 after one loss-making year.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet -€291,509
Net result drops to -€291,509, the lowest in the series; recovery starts the following year.
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 20 days late
2019
31-12
Financial
Equity above €5mEq €5.2m ▲14.7%
2 profitable years in a row build equity to €5.2m.
Show earlier events
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 8 acts read
About the unread acts
Of the 8 Belgian State Gazette acts we know for this company, 1 has been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
Statutory auditor 1
CALLENS VANDELANOTTE
CurrentStatutory auditor · since 14-08-2026 · perm. rep.: Dirk Wouters
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Registered office, Ranst · 1 establishment unit since 1991
Ground area
2.5 ha
Building footprint
1.1 ha
Volume, LiDAR
35,648 m³
2 parcels, Flanders · tallest building 11.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
SEGO BVBA
since 19912.055.046.651
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11010A0105/00T000 | Flanders | 2.3 ha | 1 · 1.1 ha | 11.9 m · 1 fl. |
| 11010A0105/00X000 | Flanders | 1,746 m² | - | - |
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.
Mandate history
1 person since 2026, 1 in office
- Statutory auditor
| Name | Functions and periods |
|---|---|
| CALLENS VANDELANOTTE |
|
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 607 EUR awarded · 752 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 285 EUR | 236 EUR |
| 2023 | 1 | 212 EUR | 406 EUR |
| 2022 | 1 | 110 EUR | 110 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
984500564A77C559B126
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Of 805 companies in sector 46610 we hold annual accounts for 566. 250 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
Founded29-10-1991
Fiscal year end31-12
Activities, NACEBEL 2025
46610Wholesale trade
46900Non-specialised wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0445577616
Registered
21-05-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.