Checked.be
Active
BE 0875.021.459Private limited company
SEI
Oxdonkstraat 160 ·1880 Kapelle-op-den-Bos, Belgium· 21 yrs active
Sector: Activities of interior architects
(71112)
Conclusion
SEI has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €153k and a net result of €-3k. Equity is shrinking by ~3.3% per year across the filed fiscal years. Its solvency ranks better than 91% of 1933 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €153k |
| Net result | €-3k |
| Better than sector | 91% |
| Active | 21 yrs |
Financial profile
62
/ 100
Strong profile, led by solvency.
All 5 axes are computed from data Checked has read.
Health
78
Profitability
0
Solvency
100
Growth
32
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 2005, 21 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
78
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€12k
estimate, not credit advice
Score history
86
2021
100
2022
52
2023
78
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 38.52 (≥ 1.5)
+10
Quick ratio
Quick ratio 36.23 (≥ 1.0)
+5
Leverage
Debt/equity 0.16 (< 1.0)
+10
Profitability
Negatieve ROE -2%
-10
Interest coverage
Interest coverage 6.1× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 30-07-2025 with the NBB · fiscal year 2024 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~3.3%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 71, Architectural and engineering activities; technical testing and analysis · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 86.2% | 44.1% | |
| Net result | €-3k | €31k | |
| Equity | €153k | €268k | |
| Gross operating margin | €7k | €167k | |
| Total assets | €177k | €763k |
€7k
-
21-24
€-3k
+83.5%
21-24
€8k
-
21-24
€177k
-9.0%
21-24
€153k
-1.7%
21-24
€145k
+5.5%
21-24
€0
-100.0%
21-24
€0
-100.0%
21-24
€24k
-37.9%
21-24
€4k
-79.4%
21-24
€0
-
21-24
38.52
+363.5%
21-24
36.23
+482.9%
21-24
86.2%
+8.0%
21-24
0.16
-36.8%
21-24
-1.7%
+83.2%
21-24
-1.5%
+81.9%
21-24
6.13
-
21-24
Figures by fiscal year and ratios
Change versus the prior fiscal year, coloured by direction (green = favourable).
| Fiscal year | 2024 Δ | 2023 Δ | 2022 Δ | 2021 Δ |
|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - |
| EBITDA | - | - | +59.4% | - |
| Net profit | +83.5% | - | +377.3% | - |
| Cash flow | - | - | +81.2% | - |
| Staff costs | - | - | - | - |
| Income taxes | - | -100.0% | +32.5% | - |
| Dividends | -100.0% | -68.8% | - | - |
| Total assets | -9.0% | -23.3% | +14.3% | - |
| Equity | -1.7% | -11.8% | +5.4% | - |
| Debt | -37.9% | -49.4% | +41.6% | - |
| of which ≤ 1y | -79.4% | -67.2% | +167.4% | - |
| of which > 1y | - | - | - | - |
| Working capital | +5.5% | -26.0% | +1.5% | - |
| Employees (FTE) | - | - | - | - |
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 38.52 | 8.31 | 4.25 | 9.55 |
| Quick ratio | 36.23 | 6.21 | 3.35 | 6.77 |
| Working capital ratio | 81.6% | 70.4% | 72.9% | 82.2% |
| Solvency | 86.2% | 79.8% | 69.4% | 75.3% |
| Debt / equity | 0.16 | 0.25 | 0.44 | 0.33 |
| Long-term debt ratio | - | - | - | 0.00 |
| Interest coverage | 6.13 | -7.31 | 14.67 | 9.37 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | -1.5% | -8.1% | 9.9% | 2.4% |
| ROE | -1.7% | -10.2% | 14.2% | 3.1% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €177k | €195k | €254k | €222k |
| Fixed assets | 21/28 | €29k | €39k | €12k | €18k |
| Tangible fixed assets | 22/27 | €27k | €37k | €9k | €16k |
| Financial fixed assets | 28 | €2k | €2k | €2k | €2k |
| Current assets | 29/58 | €149k | €156k | €243k | €204k |
| Stocks & contracts in progress | 3 | €9k | €39k | €51k | €59k |
| Amounts receivable within one year | 40/41 | €63k | €56k | €7k | €16k |
| Cash & bank | 54/58 | €73k | €58k | €173k | €111k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €177k | €195k | €254k | €222k |
| Equity | 10/15 | €153k | €156k | €177k | €168k |
| Contributions / capital | 10/11 | €85k | €85k | €85k | €85k |
| Reserves | 13 | €67k | €67k | €72k | €63k |
| Accumulated profits (losses) | 14 | €2k | €4k | €20k | €20k |
| Amounts payable | 17/49 | €24k | €39k | €78k | €55k |
| Amounts payable after one year | 17 | - | - | - | €0 |
| Amounts payable within one year | 42/48 | €4k | €19k | €57k | €21k |
| Trade debts payable within one year | 44 | €2k | €11k | €17k | €7k |
| Income statement | |||||
| Gross operating margin | 9900 | €7k | €-9k | €42k | €28k |
| Operating result | 9901 | €-4k | €-17k | €35k | €14k |
| Financial income | 75 | €2k | €3k | €5k | €3k |
| Financial charges | 65 | €1k | €1k | €3k | €3k |
| Result before taxes | 9903 | €-3k | €-16k | €37k | €14k |
| Income taxes | 67/77 | - | €0 | €12k | €9k |
| Net result for the period | 9904 | €-3k | €-16k | €25k | €5k |
| Result to be appropriated | 9905 | €-3k | €-16k | €25k | €24k |
Legal Structure
| NACE primary | Activities of interior architects(71112) |
| Legal form | Private limited company(610) |
| Incorporation | 12-07-2005 |
| Status | Active |
| Postal code | 1880 |
Establishment units
SEI
since 20052.147.942.363
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23039B0277/00K000 | Flanders | 509 m² | 1 · 136 m² | 9.1 m · 2 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity times 5current ratio 38.52
Current ratio from 8.31 to 38.52; short-term debt falls from €19k to €4k.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-16k ▼163%
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2021net €25k ▲377%
Operating result €35k, net result €25k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Activities of interior architects71112Insulation installation43230Specialised construction activities43291Performing arts by independent artists9020192311
Names & trade names
| Legal nameNL | SEI |
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