Result
-€16,619 ▲ 97.7%
The result rose in 2025: different schema filed.
SEHO INVEST
Lifetime
17 annual accounts with figures on one time axis, 31 filings since 1992Gross marginpeak €4.2m (2016)
€858,843▲ 265%
Resultlowest -€718,029 (2024)
-€16,619▲ €701,410
Equitypeak €6.2m (2023)
€5.5m▼ 0.3%
Debts
€14.6m▼ 14.2%
Staffpeak 0.4 FTE (2012)
0 FTE
Board6 names since 2016
3 directorsSH GROEP and 2 others
Owners
99.87%SH GROEP
Documentsfilings and deeds
20-07-202611 days before the deadline
2025financial year
Gross margin from €235,087 to €858,843Loss of €16,619Investments €2.1mCash from €1.1m to €48,062
Key points
from the 2025 annual accountsDebts
€14.6m 73% of the balance sheet
Financial debts 90%Suppliers 1%Taxes and wages 1%Other 7%
€14.1m of the debts are secured on the company's own assets. In 2023 that was €12.4m.
Investments
€2.7m 7.8 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 16.9% higher than in 2024.
Liquidity
6.34 was 16.10 in 2024
Short-term debts rose from €779,695 to €1.3m.
Filings
31 annual accounts since 1992
Four of the last ten came late. The 2022 accounts came latest: 31 days after the end of the period.
Board
2 joined
New directors. Latest change 06-03-2026 · 3 in office.
Checked score
93
Excellent
Financially stronger than 43% of medium-sized companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 1,720 companies (NACE 68, medium-sized).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024lowest value
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: 0.1%▲ +0.1 percentage points vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026highest value
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 6.34, cash €48,062, halved
lowers risk
Size: total assets €20.2m
Founded in 1991
Figures for financial year 2025 (filed on 20-07-2026)
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 68, medium-sized). It does better than 50% of them on solvency, 56% on liquidity, 28% on profitability and 40% on growth.
The bankruptcy probability was computed on 04-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 371 companies had the same profile as SEHO INVEST has now. Each dot is one company, two years later.
96.8%
were still trading
2.2%
stopped another way
0.5%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SEHO INVEST 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 371 companies, not a prediction for SEHO INVEST. 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.
Credit verdict
Credit of up to €500,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 6.34 (16.1 in 2024), above the usual 1.5. Short-term debt is 6.6% and cash 0.2% of total assets. However, 72.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€16,619
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 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 days early
2024
29 days late
2023
30 days late
2022
31 days late
2021
30 days early
2020
19 days late
2019
1 day early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 10 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 August (4 of the last 5 accounts filed within 40 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- SH GROEP 99.87%equity €38.0m (2025) · 2025 annual accounts of SH GROEP
Shares in 1 company, CLARIS PROJECTS
Board & ownershipRecent changes
Company renamed from GHEMME to SEHO INVEST
Permanent representatives: MARTENS, Dimitri; VANDENBORRE Kathy and Wilfried Martens · Appointments: KASTELLUM (director) and KaMiBo Consult (director) · Reappointment: SH GROEP (director) · General meeting of 06-03-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0446101713
1 director appointed, 2 resignations
Resignations: Clarenhof Constructie and SENIOR HOMES · Appointment: Senior Homes Holding & Management · Permanent representative: Wilfried Martens · General meeting of 26-07-2021 · Gazette deed
First establishment
Vinktstraat 1, Deinze
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| SEHO INVEST Deinze | €20.2m | €0.9m | 27.2% | 0 |
| ALFA CONSULTING Sint-Genesius-Rode | €20.2m | €1.0m | 29.0% | 0 |
| Gemeentelijk autonoom bedrijf Hamme - Hamse investeringsmaatschappij Hamme (Vl.) | €14.3m | €0.5m | 20.6% | 0 |
| IMMO BADE Fontaine-l'Evêque | €18.2m | €0.9m | 58.7% | 0 |
| S & V INVEST Ixelles | €15.2m | €1.5m | 56.9% | 0 |
| DELEM Bruges | €14.1m | €0.9m | 51.9% | 0 |
| W.L. IMMO Herenthout | €16.6m | €1.2m | 16.6% | 0.1 |
These companies have the same main activity as SEHO INVEST: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €14m and €20m, founded between 1988 and 2000.
Official details
Source: KBO- Status
- Active since 19-12-1991Normal situation
- Activity
- Buying and selling of own real estateNACE 68110and 3 others
- Establishment unit
- 2.057.255.9749800 Deinze, since 27-04-1992
- Financial year end
- 31 December
- Peppol
- Reachable since 20-11-2025
Annual accounts 2025
- Turnover
- ≈ €1.5mestimated
- Total assets
- €20.2m▼ 10.8%
- Filing
- Filed on 20-07-2026, 11 days before the end of the filing period
Insights on SEHO INVEST
SEHO INVEST has existed since 1991. The gross margin fell from €2.2m in 2021 to €539,131 in 2022.
SH GROEP holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SEHO INVEST
- What is the company number of SEHO INVEST?
- The company number of SEHO INVEST is 0446.101.713. The VAT number is the same number with BE in front: BE 0446.101.713.
- Where is SEHO INVEST based?
- The registered office is at Vinktstraat 1A, 9800 Deinze.Company details
- What does SEHO INVEST do?
- According to the KBO register, the main activity is buying and selling of own real estate (NACE 68110).
- What is the legal form of SEHO INVEST?
- SEHO INVEST is a public limited company (NV).
- When was SEHO INVEST founded?
- SEHO INVEST was founded on 19-12-1991.
- Is SEHO INVEST still active?
- Yes, SEHO INVEST is an active enterprise in the KBO register.
- What is the turnover of SEHO INVEST?
- The turnover in financial year 2025 is ≈ €1.5m. This figure is estimated from the gross margin of €858,843 and 42 comparable companies (NACE 681). It probably lies between €1.2m and €2.5m.Financials
- Is SEHO INVEST profitable?
- In financial year 2025, SEHO INVEST made a loss of €16,619.
- Where can I find the annual accounts of SEHO INVEST?
- SEHO INVEST filed 31 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SEHO INVEST due?
- SEHO INVEST must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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