SEHS
ActiveSummary
The computed 12-month bankruptcy probability of SEHS is 2.0% (moderate). The 2024 annual accounts show equity of €39k and a net result of €17k. Equity is growing by ~7.1% per year across the filed fiscal years. Its solvency ranks better than 53% of 18936 sector peers (fiscal year 2024). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability87▲+87
Solvency58▲+5
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
Liquidity short (current ratio 0.81 against 0.49 in 2023; short-term debt: 66.9% and cash: 6.6% of total assets), and 66.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
33.1%
Return on assets
14.4%
Age of the figures
24 mo
raises risk · Annual accounts not filed
The financial year that closed on 30-09-2025 was due at the National Bank by 30-04-2026. Nothing is on record, 148 days later.
NBB · 3 filingsPosition against the passed deadline
30-09-2025 close30-04-2026 deadline25-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 07-05-2025, 7 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
not filed
2024
7 d late
2023
27 d late
2022
1 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€39k▲ 76.9%
2023 · €22k
2022: €34k
2023: €22k▼ -35.4% vs 2022lowest in 3 years
2024: €39k▲ +76.9% vs 2023highest in 3 years
2022 → 2024
Total assets
€119k▲ 51.4%
2023 · €79k
2022: €67klowest in 3 years
2023: €79k▲ +17.5% vs 2022
2024: €119k▲ +51.4% vs 2023highest in 3 years
2022 → 2024
Net result
€17k
2023 · €-12k
2022: €-7k
2023: €-12k▼ -71.5% vs 2022lowest in 3 years
2024: €17k▲ +240% vs 2023highest in 3 years
2022 → 2024
Working capital
€-15k▲ 46.2%
2023 · €-29k
2022: €18khighest in 3 years
2023: €-29k▼ -255% vs 2022lowest in 3 years
2024: €-15k▲ +46.2% vs 2023
2022 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€34k-€22k▼ 35.4%€39k▲ 76.9%
2022: €34k
2023: €22k▼ -35.4% vs 2022lowest in 3 years
2024: €39k▲ +76.9% vs 2023highest in 3 years
Operating result€-8k-€-12k▼ 56.8%€26k
2022: €-8k
2023: €-12k▼ -56.8% vs 2022lowest in 3 years
2024: €26k▲ +307% vs 2023highest in 3 years
Net result€-7k-€-12k▼ 71.5%€17k
2022: €-7k
2023: €-12k▼ -71.5% vs 2022lowest in 3 years
2024: €17k▲ +240% vs 2023highest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €26k after a loss of €12k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €119k
Fixed assets
€55k ▲ 7.8%
Current assets
€64k ▲ 131%
Equity and liabilities €119k
Equity
€39k ▲ 76.9%
Debt
€80k ▲ 41.3%
Debt's share of the balance-sheet total falls from 71.7% to 66.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€36k▲
2023 · €-7k
Cash flow
€28k▲
2023 · €-7k
Current ratio
0.81▲
2023 · 0.49
Quick ratio
0.55▲
2023 · 0.47
Debt to equity
2.02▼
2023 · 2.53
ROE
43.5%▲
2023 · -54.8%
ROA
14.4%▲
2023 · -15.5%
Interest coverage
10.08▲
2023 · -12.34
Debt ≤ 1 year
€80k▲
2023 · €56k
Income taxes
€5k
Staff costs
€35k▼
2023 · €41k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 44 lines
Balance sheet
Code20232024
Assets
Total assets20/58€79k€119k▲
Fixed assets21/28€51k€55k▲
Tangible fixed assets22/27€40k€44k▲
Plant, machinery and equipment23€23k€21k▼
Furniture and vehicles24€14k€14k▼
Other tangible fixed assets26€3k€10k▲
Financial fixed assets28€11k€11k=
Current assets29/58€28k€64k▲
Stocks and contracts in progress3€1k€21k▲
Stocks30/36€1k€21k▲
Amounts receivable within one year40/41€25k€25k▲
Trade receivables40€19k€24k▲
Other amounts receivable41€6k€1k▼
Cash at bank and in hand54/58€2k€8k▲
Deferred charges and accrued income490/1-€10k
Equity and liabilities
Total equity and liabilities10/49€79k€119k▲
Equity10/15€22k€39k▲
Contributions10/11€1k€1k=
Reserves13€20k€20k=
Distributable reserves133€20k€20k=
Profit (loss) carried forward14€1k€18k▲
Amounts payable17/49€56k€80k▲
Amounts payable within one year42/48€56k€80k▲
Trade debts44€47k€73k▲
Suppliers440/4€47k€73k▲
Taxes, remuneration and social security45€6k€7k▲
Taxes450/3-€7k
Remuneration and social security454/9€6k€0▼
Other amounts payable47/48€3k€0▼
Income statement
Code20232024
Remuneration, social security and pensions62€41k€35k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€11k▲
Other operating charges640/8€3k€2k▼
Gross operating margin9900€36k€74k▲
Operating profit (loss)9901€-12k€26k▲
Financial income75/76B€785€0▼
Recurring financial income75€785€0▼
Financial charges65/66B€570€4k▲
Recurring financial charges65€570€4k▲
Profit (loss) for the period before taxes9903€-12k€22k▲
Income taxes67/77-€5k
Profit (loss) for the period9904€-12k€17k▲
Profit (loss) for the period to be appropriated9905€-12k€17k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1k€18k▲
Profit (loss) brought forward from the previous period14P€13k€1k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €50k | €41k | €35k | ▼ 13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €5k | €11k | ▲ 96.8% |
| Other operating charges640/8 | €889 | €3k | €2k | ▼ 25.5% |
| Gross operating margin9900 | €45k | €36k | €74k | ▲ 103% |
| Operating profit (loss)9901 | €-8k | €-12k | €26k | ▲ 307% |
| Financial income75/76B | €2k | €785 | €0 | ▼ 100% |
| Recurring financial income75 | €2k | €785 | €0 | ▼ 100% |
| Financial charges65/66B | €534 | €570 | €4k | ▲ 532% |
| Recurring financial charges65 | €534 | €570 | €4k | ▲ 532% |
| Profit (loss) for the period before taxes9903 | €-7k | €-12k | €22k | ▲ 281% |
| Income taxes67/77 | €232 | - | €5k | - |
| Profit (loss) for the period9904 | €-7k | €-12k | €17k | ▲ 240% |
| Profit (loss) for the period to be appropriated9905 | €-7k | €-12k | €17k | ▲ 240% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €67k | €79k | €119k | ▲ 51.4% |
| Fixed assets21/28 | €16k | €51k | €55k | ▲ 7.8% |
| Tangible fixed assets22/27 | €13k | €40k | €44k | ▲ 9.8% |
| Plant, machinery and equipment23 | €12k | €23k | €21k | ▼ 9.7% |
| Furniture and vehicles24 | - | €14k | €14k | ▼ 3.8% |
| Other tangible fixed assets26 | €610 | €3k | €10k | ▲ 236% |
| Financial fixed assets28 | €3k | €11k | €11k | = |
| Current assets29/58 | €51k | €28k | €64k | ▲ 131% |
| Stocks and contracts in progress3 | €11k | €1k | €21k | ▲ 1,449% |
| Stocks30/36 | €11k | €1k | €21k | ▲ 1,449% |
| Amounts receivable within one year40/41 | €35k | €25k | €25k | ▲ 2.1% |
| Trade receivables40 | €9k | €19k | €24k | ▲ 26.2% |
| Other amounts receivable41 | €26k | €6k | €1k | ▼ 75.5% |
| Cash at bank and in hand54/58 | €3k | €2k | €8k | ▲ 349% |
| Deferred charges and accrued income490/1 | €2k | - | €10k | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €67k | €79k | €119k | ▲ 51.4% |
| Equity10/15 | €34k | €22k | €39k | ▲ 76.9% |
| Contributions10/11 | €1k | €1k | €1k | = |
| Reserves13 | €20k | €20k | €20k | = |
| Distributable reserves133 | €20k | €20k | €20k | = |
| Profit (loss) carried forward14 | €13k | €1k | €18k | ▲ 1,351% |
| Amounts payable17/49 | €33k | €56k | €80k | ▲ 41.3% |
| Amounts payable within one year42/48 | €33k | €56k | €80k | ▲ 41.3% |
| Trade debts44 | €24k | €47k | €73k | ▲ 54.8% |
| Suppliers440/4 | €24k | €47k | €73k | ▲ 54.8% |
| Taxes, remuneration and social security45 | €8k | €6k | €7k | ▲ 2.8% |
| Taxes450/3 | €2k | - | €7k | - |
| Remuneration and social security454/9 | €6k | €6k | €0 | ▼ 100% |
| Other amounts payable47/48 | €22 | €3k | €0 | ▼ 100% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-7k | €-12k | €17k | ▲ 240% |
| + Depreciation and write-downs630 | €3k | €5k | €11k | ▲ 96.8% |
| Operating cash flow (approximation) | €-4k | €-7k | €28k | ▲ 507% |
| Investment in fixed assets (approximation) | - | €-40k | €-15k | ▲ 63.7% |
| Change in cash | - | €-1k | €6k | ▲ 630% |
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
2025
07-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 7 days late
2024
30-09
Financial
Back to profitnet €17k
Net result €17k after 2 loss-making years.
27-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
30-09
Financial
Weakest financial yearnet €-12k
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
01-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Gent · 1 establishment unit since 2015
Ground area
1,654 m²
Building footprint
82 m²
Volume, LiDAR
673 m³
Parcel 44804D0086/00R002, Flanders · tallest building 14.8 m, ±4 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
ADIYAMAN CIG KOFTECISI
since 20152.242.258.532
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44804D0086/00R002 | Flanders | 1,654 m² | 1 · 82 m² | 14.8 m · 4 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.242.258.532
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Of 21,853 companies in sector 56112 we hold annual accounts for 9,776. 8,455 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
Founded11-05-2015
Fiscal year end30-09
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
Scores and ratios are computed by Checked and are not a credit decision.