SEGO CONSTRUCT
ActiveSummary
SEGO CONSTRUCT has been active since 1968 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €300,063 and a net result of -€22,848. Equity has been growing by about 2.7% per year since 2018. Its solvency ranks better than 95% of 9,394 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active Normal situation
- Activity
- General construction of residential buildings NACE 41001and 11 others
- Establishment unit
- 2.335.754.654 8800 Roeselare, since 01-01-1968
- Financial year end
- 31 December
- Peppol
- Reachable since 14-01-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €6,215
- ▼ 87.5%
- Turnover
- ≈ €75,000
- estimated
- Loss
- €22,848
- Equity
- €300,063
- ▼ 7.1%
- Total assets
- €300,682
- ▼ 6.9%
Score breakdownraises riskLoss of €22,848 (financial year 2025)Sector: Construction of residential and non-residential buildings (NACE 41)lowers riskLiquidity: current ratio 261.72, cash €117,186Founded in 1968Show the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro). It does better than 92% of them on solvency, 97% on liquidity, 33% on profitability and 27% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 31 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 20-05-2026 PDF all 49 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a loss of €13,128, after a profit of €33,355 in 2024. It is the lowest result since 2021.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Construction of residential and non-residential buildings (NACE 41). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | €158,533 | €14,812 |
| Depreciation and write-downs of the year | €422 | €13 | - | €15,853 | €18,816 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €422 | €423 | €422 | €13 | - | €15,853 | €18,816 | ▲ 18.7% |
| Other operating charges640/8 | - | - | - | €458 | €838 | €563 | €446 | €527 | ▲ 18.2% |
| Gross operating margin9900 | €21,055 | €845 | €14,363 | -€2,410 | €9,928 | -€1,075 | €49,654 | €6,215 | ▼ 87.5% |
| Operating profit (loss)9901 | -€7,784 | -€4,020 | €13,430 | -€3,290 | €9,077 | -€1,638 | €33,355 | -€13,128 | - |
| Financial income75/76B | - | - | - | €52 | €1,641 | €1,662 | €552 | - | - |
| Recurring financial income75 | - | €4,221 | €880 | €52 | €1,641 | €1,662 | €552 | - | - |
| Financial charges65/66B | - | - | - | €75 | €105 | €24 | - | €478 | - |
| Recurring financial charges65 | €269 | €2,820 | €383 | €75 | €105 | €24 | - | €478 | - |
| Profit (loss) for the period before taxes9903 | -€8,053 | -€2,619 | €13,927 | -€3,313 | €10,613 | €0 | €33,907 | -€13,606 | - |
| Income taxes67/77 | €2,000 | €373 | - | €1,510 | - | - | €2,503 | €9,242 | ▲ 269% |
| Profit (loss) for the period9904 | -€10,053 | -€2,992 | €13,927 | -€4,823 | €10,613 | €0 | €31,404 | -€22,848 | - |
| Profit (loss) for the period to be appropriated9905 | -€10,053 | -€2,992 | €13,927 | -€4,823 | €10,613 | €0 | €31,404 | -€22,848 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €144,659 | €312,182 | €285,822 | €290,093 | €291,930 | €414,607 | €322,911 | €300,682 | ▼ 6.9% |
| Fixed assets21/28 | - | €858 | €435 | €13 | - | - | €142,680 | €138,676 | ▼ 2.8% |
| Tangible fixed assets22/27 | - | €858 | €435 | €13 | - | - | €142,680 | €138,676 | ▼ 2.8% |
| Land and buildings22 | - | - | - | - | - | - | €142,680 | €133,208 | ▼ 6.6% |
| Furniture and vehicles24 | - | - | - | €13 | - | - | - | €5,468 | - |
| Current assets29/58 | €144,659 | €311,324 | €285,387 | €290,080 | €291,930 | €414,607 | €180,231 | €162,006 | ▼ 10.1% |
| Stocks and contracts in progress3 | - | €205,972 | €123,781 | €203,426 | €244,784 | €391,801 | - | - | - |
| Contracts in progress37 | - | - | - | €203,426 | €244,784 | €391,801 | - | - | - |
| Amounts receivable within one year40/41 | €7,717 | €2,073 | €5,791 | €10,399 | €13,746 | €18,266 | €46,465 | €44,479 | ▼ 4.3% |
| Trade receivables40 | - | - | - | €2,073 | €2,073 | €2,073 | €2,073 | €2,073 | = |
| Other amounts receivable41 | - | - | - | €8,326 | €11,673 | €16,193 | €44,392 | €42,406 | ▼ 4.5% |
| Cash at bank and in hand54/58 | €136,943 | €97,307 | €155,815 | €76,255 | €33,400 | €4,540 | €133,425 | €117,186 | ▼ 12.2% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €341 | €341 | = |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €144,659 | €312,182 | €285,822 | €290,093 | €291,930 | €414,607 | €322,911 | €300,682 | ▼ 6.9% |
| Equity10/15 | €139,283 | €271,790 | €285,717 | €280,894 | €291,507 | €291,507 | €322,911 | €300,063 | ▼ 7.1% |
| Contributions10/11 | €18,592 | €37,184 | - | €152,092 | €152,092 | €152,092 | €152,092 | €153,951 | ▲ 1.2% |
| Reserves13 | €130,744 | €132,743 | €133,625 | €133,625 | €139,415 | €139,415 | €170,819 | €168,960 | ▼ 1.1% |
| Non-distributable reserves130/1 | - | - | - | €1,859 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,859 | - | - | - | - | - |
| Tax-exempt reserves132 | - | - | - | €1,565 | €1,565 | €1,565 | €1,565 | €1,565 | = |
| Distributable reserves133 | - | - | - | €130,201 | €137,850 | €137,850 | €169,254 | €167,395 | ▼ 1.1% |
| Profit (loss) carried forward14 | -€10,053 | -€13,045 | - | -€4,823 | - | - | - | -€22,848 | - |
| Amounts payable17/49 | €5,376 | €40,392 | €105 | €9,199 | €423 | €123,100 | - | €619 | - |
| Amounts payable within one year42/48 | €5,376 | €40,392 | €105 | €9,199 | €423 | €123,100 | - | €619 | - |
| Trade debts44 | - | €158 | €105 | €9,199 | €423 | - | - | €221 | - |
| Suppliers440/4 | - | - | - | €9,199 | €423 | - | - | €221 | - |
| Taxes, remuneration and social security45 | - | - | - | - | - | - | - | €398 | - |
| Taxes450/3 | - | - | - | - | - | - | - | €398 | - |
| Other amounts payable47/48 | - | - | - | - | - | €123,100 | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,053 | -€2,992 | €13,927 | -€4,823 | €10,613 | €0 | €31,404 | -€22,848 | - |
| + Depreciation and write-downs630 | - | €422 | €423 | €422 | €13 | - | €15,853 | €18,816 | ▲ 18.7% |
| Operating cash flow (approximation) | -€10,053 | -€2,570 | €14,350 | -€4,401 | €10,626 | €0 | €47,257 | -€4,032 | - |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | - | - | - | -€14,812 | - |
| Change in cash | - | -€39,636 | €58,508 | -€79,560 | -€42,855 | -€28,860 | €128,885 | -€16,239 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 12,322 companies had the same profile as SEGO CONSTRUCT has now. Two years later, 90.3% were still going and 0.7% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SEGO CONSTRUCT itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 12,322 companies, not a prediction for SEGO CONSTRUCT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 49 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 20-05-2026 | 2026-00115475 | |
| 31-12-2024 | micro format | 30-06-2025 | 2025-00208372 | |
| 31-12-2023 | micro format | 25-06-2024 | 2024-00165361 | |
| 31-12-2022 | micro format | 13-07-2023 | 2023-00233142 | |
| 31-12-2021 | micro format | 13-06-2022 | 2022-20059586 | |
| 31-12-2020 | micro format | 24-08-2021 | 2021-52400062 | |
| 31-12-2019 | micro format | 25-06-2020 | 2020-20600017 | |
| 31-12-2018 | micro format | 05-08-2019 | 2019-43600256 | |
| 31-12-2017 | micro format | 24-08-2018 | 2018-49400508 | |
| 31-12-2016 | abbreviated format | 02-08-2017 | 2017-40300014 |
Timeline
Acts, filings and financial milestones
07-12
Gazette deed
Registered office moved within RoeselareDirector in office3 points ▸
- General meeting, 01-10-2023
- Registered-office move, Robaardstraat 25,8800 Roeselare
- Director in office, Michel Cayseele (director)
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0400.173.203
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 36015A0816/00Y000 | Flanders | 262 m² | 1 · 108 m² | 8.5 m · 2 |