SEGOREX
ActiveSummary
SEGOREX has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €469,418 and a net result of €67,797. Equity is growing by ~12.2% per year across the filed fiscal years. Its solvency ranks better than 73% of 9084 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability81▲+7
Solvency92▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 2.12 against 1.67 in 2023; short-term debt: 22% and cash: 6.1% of total assets), and 33.4% of the assets are financed with debt.
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Signals
Three 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
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 24-06-2026, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
37 d early
2024
122 d early
2023
23 d early
2022
27 d early
2021
32 d early
2020
41 d early
2019
37 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 46 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. Usually files around 29 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€469,418▲ 16.9%
2023 · €401,621
Total assets
€704,628▲ 1.1%
2023 · €696,838
Net result
€67,797▲ 147%
2023 · €27,439
Working capital
€173,573▲ 24.7%
2023 · €139,231
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Line20202021202220232024
Operating result€37,907▼ 30.9%€57,655▲ 52.1%€66,182▲ 14.8%€46,466▼ 29.8%€99,978▲ 115%
Net result€23,909within the sector's middle half▼ 36.0%€39,352within the sector's middle half▲ 64.6%€41,822within the sector's middle half▲ 6.3%€27,439within the sector's middle half▼ 34.4%€67,797within the sector's middle half▲ 147%
Equity€293,008within the sector's middle half▲ 8.9%€332,360within the sector's middle half▲ 13.4%€374,182within the sector's middle half▲ 12.6%€401,621within the sector's middle half▲ 7.3%€469,418within the sector's middle half▲ 16.9%
Total assets€616,367within the sector's middle half▲ 16.4%€639,271within the sector's middle half▲ 3.7%€754,684within the sector's middle half▲ 18.1%€696,838within the sector's middle half▼ 7.7%€704,628within the sector's middle half▲ 1.1%
Debt€323,359▲ 24.1%€306,911▼ 5.1%€380,501▲ 24.0%€295,217▼ 22.4%€235,210▼ 20.3%
Working capital€110,856within the sector's middle half▲ 118%€140,090within the sector's middle half▲ 26.4%€139,393within the sector's middle half▼ 0.5%€139,231within the sector's middle half▼ 0.1%€173,573within the sector's middle half▲ 24.7%
Solvency47.5%within the sector's middle half▼ 3.3pp52.0%within the sector's middle half▲ 4.5pp49.6%within the sector's middle half▼ 2.4pp57.6%within the sector's middle half▲ 8.1pp66.6%within the sector's middle half▲ 9.0pp
Current ratio1.77within the sector's middle half▲ 0.401.95within the sector's middle half▲ 0.181.63within the sector's middle half▼ 0.321.67within the sector's middle half▲ 0.042.12within the sector's middle half▲ 0.45
Return on assets (ROA)3.9%within the sector's middle half▼ 3.2pp6.2%within the sector's middle half▲ 2.3pp5.5%within the sector's middle half▼ 0.6pp3.9%within the sector's middle half▼ 1.6pp9.6%within the sector's middle half▲ 5.7pp
Staff (FTE)3.4within the sector's middle half▲ 13.3%4.1within the sector's middle half▲ 20.6%4.3within the sector's middle half▲ 4.9%4.3within the sector's middle half=5within the sector's middle half▲ 16.3%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 115% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €704,628
Fixed assets
€375,819 ▲ 7.3%
Current assets
€328,809 ▼ 5.1%
Equity and liabilities €704,628
Equity
€469,418 ▲ 16.9%
Debt
€235,210 ▼ 20.3%
Debt's share of the balance-sheet total falls from 42.4% to 33.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€151,399▲
2023 · €94,045
Cash flow
€119,219▲
2023 · €75,018
Quick ratio
1.01▲
2023 · 0.98
Debt to equity
0.50▼
2023 · 0.74
ROE
14.4%▲
2023 · 6.8%
Interest coverage
9.62▼
2023 · 10.46
Debt ≤ 1 year
€155,237▼
2023 · €207,294
Debt > 1 year
€69,991▼
2023 · €79,493
Income taxes
€19,827▲
2023 · €13,248
Staff costs
€308,044▲
2023 · €283,501
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,370 companies that looked in July 2024 the way this one looks now, 0.5% 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
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,338 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% | 1.9% |
| 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 31,370 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €827 | €413 | - | - |
| Remuneration, social security and pensions62 | - | €215,691 | €235,058 | €283,501 | €308,044 | ▲ 8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33,911 | €40,058 | €40,752 | €47,580 | €51,422 | ▲ 8.1% |
| Other operating charges640/8 | - | €4,992 | €5,572 | €6,443 | €6,520 | ▲ 1.2% |
| Gross operating margin9900 | €255,270 | €318,396 | €347,565 | €383,989 | €465,964 | ▲ 21.3% |
| Operating profit (loss)9901 | €37,907 | €57,655 | €66,182 | €46,466 | €99,978 | ▲ 115% |
| Financial income75/76B | - | €5,396 | €2,122 | €3,212 | €3,382 | ▲ 5.3% |
| Recurring financial income75 | €3,619 | €5,396 | €2,122 | €3,212 | €3,382 | ▲ 5.3% |
| Financial charges65/66B | - | €5,422 | €6,995 | €8,991 | €15,736 | ▲ 75.0% |
| Recurring financial charges65 | €5,709 | €5,422 | €6,995 | €8,991 | €15,736 | ▲ 75.0% |
| Profit (loss) for the period before taxes9903 | €35,817 | €57,629 | €61,310 | €40,687 | €87,624 | ▲ 115% |
| Income taxes67/77 | €11,909 | €18,277 | €19,488 | €13,248 | €19,827 | ▲ 49.7% |
| Profit (loss) for the period9904 | €23,909 | €39,352 | €41,822 | €27,439 | €67,797 | ▲ 147% |
| Profit (loss) for the period to be appropriated9905 | €23,909 | €39,352 | €41,822 | €27,439 | €67,797 | ▲ 147% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €616,367 | €639,271 | €754,684 | €696,838 | €704,628 | ▲ 1.1% |
| Fixed assets21/28 | €362,160 | €352,431 | €394,092 | €350,314 | €375,819 | ▲ 7.3% |
| Intangible fixed assets21 | - | - | - | - | €23,774 | - |
| Tangible fixed assets22/27 | €362,160 | €352,431 | €394,092 | €350,314 | €352,045 | ▲ 0.5% |
| Land and buildings22 | - | €303,137 | €287,011 | €270,884 | €255,440 | ▼ 5.7% |
| Plant, machinery and equipment23 | - | €1,590 | €1,105 | €829 | €553 | ▼ 33.3% |
| Furniture and vehicles24 | - | €47,704 | €105,976 | €70,801 | €76,552 | ▲ 8.1% |
| Assets under construction and advance payments27 | - | - | - | €7,800 | €19,500 | ▲ 150% |
| Current assets29/58 | €254,207 | €286,841 | €360,592 | €346,525 | €328,809 | ▼ 5.1% |
| Stocks and contracts in progress3 | €109,024 | €90,786 | €138,752 | €143,823 | €172,100 | ▲ 19.7% |
| Stocks30/36 | - | €90,786 | €138,752 | €143,823 | €172,100 | ▲ 19.7% |
| Amounts receivable within one year40/41 | €100,462 | €112,524 | €118,185 | €117,098 | €106,962 | ▼ 8.7% |
| Trade receivables40 | - | €111,621 | €112,001 | €113,009 | €98,827 | ▼ 12.5% |
| Other amounts receivable41 | - | €903 | €6,184 | €4,089 | €8,135 | ▲ 99.0% |
| Cash at bank and in hand54/58 | €44,720 | €79,468 | €103,655 | €79,157 | €42,946 | ▼ 45.7% |
| Deferred charges and accrued income490/1 | - | €4,062 | - | €6,446 | €6,801 | ▲ 5.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €616,367 | €639,271 | €754,684 | €696,838 | €704,628 | ▲ 1.1% |
| Equity10/15 | €293,008 | €332,360 | €374,182 | €401,621 | €469,418 | ▲ 16.9% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €274,408 | €313,760 | €355,582 | €383,021 | €450,818 | ▲ 17.7% |
| Non-distributable reserves130/1 | - | €2,776 | €2,776 | - | - | - |
| Reserves not available under the articles1311 | - | €2,776 | €2,776 | - | - | - |
| Tax-exempt reserves132 | - | €43,750 | €43,750 | €43,750 | €43,750 | = |
| Distributable reserves133 | - | €267,234 | €309,056 | €339,271 | €407,068 | ▲ 20.0% |
| Profit (loss) carried forward14 | -€15,971 | - | - | - | - | - |
| Amounts payable17/49 | €323,359 | €306,911 | €380,501 | €295,217 | €235,210 | ▼ 20.3% |
| Amounts payable after more than one year17 | €120,138 | €159,557 | €151,940 | €79,493 | €69,991 | ▼ 12.0% |
| Financial debts170/4 | - | €159,557 | €151,940 | €79,493 | €69,991 | ▼ 12.0% |
| Amounts payable within one year42/48 | €143,350 | €146,751 | €221,198 | €207,294 | €155,237 | ▼ 25.1% |
| Current portion of amounts payable after more than one year42 | - | €12,110 | €19,721 | €18,257 | €21,297 | ▲ 16.7% |
| Financial debts43 | - | €29,087 | €29,138 | €29,191 | €4,298 | ▼ 85.3% |
| Credit institutions430/8 | - | €29,087 | €29,138 | €29,191 | €4,298 | ▼ 85.3% |
| Trade debts44 | €48,701 | €49,946 | €101,875 | €99,517 | €94,506 | ▼ 5.0% |
| Suppliers440/4 | - | €49,946 | €101,875 | €99,517 | €94,506 | ▼ 5.0% |
| Taxes, remuneration and social security45 | - | €51,564 | €70,464 | €60,329 | €35,136 | ▼ 41.8% |
| Taxes450/3 | - | €22,076 | €31,761 | €26,148 | €13,092 | ▼ 49.9% |
| Remuneration and social security454/9 | - | €29,488 | €38,703 | €34,181 | €22,044 | ▼ 35.5% |
| Other amounts payable47/48 | - | €4,044 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | €603 | €7,363 | €8,431 | €9,983 | ▲ 18.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23,909 | €39,352 | €41,822 | €27,439 | €67,797 | ▲ 147% |
| + Depreciation and write-downs630 | €33,911 | €40,058 | €40,752 | €47,580 | €51,422 | ▲ 8.1% |
| Operating cash flow (approximation) | €57,820 | €79,411 | €82,574 | €75,018 | €119,219 | ▲ 58.9% |
| Investment in fixed assets (approximation) | - | -€30,329 | -€82,414 | -€3,801 | -€76,927 | ▼ 1,924% |
| Change in cash | - | €34,747 | €24,187 | -€24,497 | -€36,211 | ▼ 47.8% |
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
24-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €67,797 ▲147%
Operating result €99,978, net result €67,797, both a record.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
20-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
22-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
18-06
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 8 acts read
About the unread acts
We know of 8 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
8 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, Beerse · 1 establishment unit since 2004
Ground area
2,140 m²
Building footprint
1,293 m²
Volume, LiDAR
7,826 m³
Parcel 13004D0176/00N026, Flanders · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Segorex
since 20042.136.550.605
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13004D0176/00N026 | Flanders | 2,140 m² | 1 · 1,293 m² | 6.8 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 6 entries · 18,843 EUR awarded · 19,042 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 11,865 EUR | 11,865 EUR |
| 2024 | 2 | 5,460 EUR | 5,460 EUR |
| 2023 | 1 | 65 EUR | 264 EUR |
| 2022 | 1 | 1,453 EUR | 1,453 EUR |
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Of 2,501 companies in sector 46649 we hold annual accounts for 1,762. 1,404 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
Founded08-04-2004
Fiscal year end31-12
Activities, NACEBEL 2025
46649Wholesale of other machinery and equipment
36000Water collection, treatment and supply
43211General electrical installation work
43221Plumbing work
46645Wholesale trade
77399Renting and leasing of other machinery, equipment and tangible goods
Contact
Phone
014620252
E-invoicing
Reachable via Peppol
Peppol ID
0208:0864614844
Also
9925:BE0864614844
Registered
30-04-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.