SEI
ActiveSummary
SEI has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €140,015 and a net result of -€4,962. Equity remains stable across the filed financial years (±1.1% per year). Its solvency ranks better than 84% of 2,545 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Equity
- €140,015
- Loss
- -€4,962
Why 94raises riskLast filed accounts filed 61 days late; 1 of the last 3 latelowers riskLiquidity: current ratio 10.10, cash €39,492Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)Equity €140,015 (79.0% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 71, micro): better than 87% on solvency, 66% on liquidity, 13% on profitability and 28% on growth.
The bankruptcy probability was computed on 25-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 12 days after the deadline; the sector median (NACE 71) for financial year 2024 is 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Annual accounts filedfinancial year 2024 · abbreviated…
- Liquidity more than quadruplescurrent ratio 38.52
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (61 days) Filed on 30 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00548914.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €7,540 in 2025 against €3,507 in 2024; the loss grows.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 71, Architectural and engineering activities; technical testing and analysis: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 12,322 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90.3% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,475 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% | 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 12,322 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,035 | €11,772 | €11,154 | €12,250 | €6,642 | €7,377 | €10,154 | €3,675 | ▼ 63.8% |
| Other operating charges640/8 | - | - | - | €1,784 | €889 | €685 | €659 | €697 | ▲ 5.8% |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €4,062 | - |
| Gross operating margin9900 | €18,925 | €27,603 | €14,794 | €27,704 | €42,195 | -€9,330 | €7,305 | €895 | ▼ 87.7% |
| Operating profit (loss)9901 | €3,753 | €15,110 | €2,928 | €13,671 | €34,664 | -€17,393 | -€3,507 | -€7,540 | ▼ 115% |
| Financial income75/76B | - | - | - | €3,426 | €5,251 | €2,870 | €1,971 | €2,777 | ▲ 40.9% |
| Recurring financial income75 | €3,558 | €4,286 | €3,034 | €3,426 | €5,251 | €2,870 | €1,971 | €2,777 | ▲ 40.9% |
| Financial charges65/66B | - | - | - | €2,768 | €2,815 | €1,370 | €1,084 | €200 | ▼ 81.6% |
| Recurring financial charges65 | €5,379 | €5,261 | €2,928 | €2,768 | €2,815 | €1,370 | €1,084 | €200 | ▼ 81.6% |
| Profit (loss) for the period before taxes9903 | €1,932 | €14,135 | €3,034 | €14,329 | €37,100 | -€15,892 | -€2,621 | -€4,962 | ▼ 89.3% |
| Income taxes67/77 | €617 | €3,555 | €2,656 | €9,075 | €12,025 | €0 | - | - | - |
| Profit (loss) for the period9904 | €1,315 | €10,581 | €379 | €5,254 | €25,075 | -€15,892 | -€2,621 | -€4,962 | ▼ 89.3% |
| Transfer from tax-exempt reserves789 | - | - | - | €18,391 | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€767 | €8,061 | €379 | €23,644 | €25,075 | -€15,892 | -€2,621 | -€4,962 | ▼ 89.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €240,006 | €240,284 | €217,477 | €222,428 | €254,287 | €195,024 | €177,493 | €177,235 | ▼ 0.1% |
| Fixed assets21/28 | €32,539 | €27,496 | €16,342 | €18,313 | €11,671 | €39,027 | €28,873 | €9,358 | ▼ 67.6% |
| Tangible fixed assets22/27 | €32,289 | €25,246 | €14,092 | €16,063 | €9,421 | €36,777 | €26,623 | €7,108 | ▼ 73.3% |
| Plant, machinery and equipment23 | - | - | - | €12,572 | €8,117 | €11,799 | €6,183 | €3,057 | ▼ 50.6% |
| Furniture and vehicles24 | - | - | - | €1,892 | €946 | €24,977 | €20,440 | €4,051 | ▼ 80.2% |
| Other tangible fixed assets26 | - | - | - | €1,599 | €358 | €0 | €0 | - | - |
| Financial fixed assets28 | €250 | €2,250 | €2,250 | €2,250 | €2,250 | €2,250 | €2,250 | €2,250 | = |
| Current assets29/58 | €207,467 | €212,788 | €201,135 | €204,116 | €242,616 | €155,997 | €148,621 | €167,876 | ▲ 13.0% |
| Amounts receivable after more than one year29 | - | - | - | €15,000 | €8,000 | €0 | - | - | - |
| Other amounts receivable291 | - | - | - | €15,000 | €8,000 | €0 | - | - | - |
| Stocks and contracts in progress3 | €47,904 | €63,778 | €58,978 | €59,427 | €51,474 | €39,359 | €8,855 | €11,936 | ▲ 34.8% |
| Stocks30/36 | - | - | - | €59,427 | €51,474 | €39,359 | €8,855 | €11,936 | ▲ 34.8% |
| Amounts receivable within one year40/41 | €15,043 | €48,438 | €29,618 | €15,646 | €6,906 | €55,639 | €63,396 | €45,543 | ▼ 28.2% |
| Trade receivables40 | - | - | - | €14,029 | €6,788 | €31,648 | €21,596 | €4,995 | ▼ 76.9% |
| Other amounts receivable41 | - | - | - | €1,617 | €118 | €23,991 | €41,799 | €40,548 | ▼ 3.0% |
| Current investments50/53 | €8,000 | - | - | - | - | - | - | €68,179 | - |
| Cash at bank and in hand54/58 | €133,812 | €97,579 | €109,806 | €110,891 | €172,823 | €57,723 | €73,076 | €39,492 | ▼ 46.0% |
| Deferred charges and accrued income490/1 | - | - | - | €3,152 | €3,413 | €3,276 | €3,294 | €2,726 | ▼ 17.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €240,006 | €240,284 | €217,477 | €222,428 | €254,287 | €195,024 | €177,493 | €177,235 | ▼ 0.1% |
| Equity10/15 | €151,300 | €161,880 | €162,259 | €167,513 | €176,552 | €155,660 | €153,038 | €140,015 | ▼ 8.5% |
| Contributions10/11 | €84,808 | €84,808 | - | €84,808 | €84,808 | €84,808 | €84,808 | €84,808 | = |
| Contributions outside capital11 | - | - | - | €84,808 | €84,808 | - | - | - | - |
| Other1109/19 | - | - | - | €84,808 | €84,808 | - | - | - | - |
| Reserves13 | €46,748 | €57,329 | €57,329 | €62,582 | €71,621 | €66,621 | €66,621 | €58,560 | ▼ 12.1% |
| Non-distributable reserves130/1 | - | - | - | €9,841 | €9,841 | €9,841 | €9,841 | €9,841 | = |
| Reserves not available under the articles1311 | - | - | - | €9,841 | €9,841 | €9,841 | €9,841 | €9,841 | = |
| Tax-exempt reserves132 | - | - | - | €0 | - | - | - | - | - |
| Distributable reserves133 | - | - | - | €52,742 | €61,780 | €56,780 | €56,780 | €48,719 | ▼ 14.2% |
| Profit (loss) carried forward14 | €19,744 | €19,744 | €20,122 | €20,122 | €20,122 | €4,230 | €1,609 | -€3,353 | - |
| Amounts payable17/49 | €88,706 | €78,404 | €55,218 | €54,915 | €77,735 | €39,365 | €24,455 | €37,219 | ▲ 52.2% |
| Amounts payable after more than one year17 | €59,000 | €33,000 | €3,000 | €0 | - | - | - | - | - |
| Financial debts170/4 | - | - | - | €0 | - | - | - | - | - |
| Amounts payable within one year42/48 | €12,989 | €12,617 | €8,757 | €21,370 | €57,138 | €18,767 | €3,858 | €16,622 | ▲ 331% |
| Trade debts44 | €3,094 | €9,049 | €3,994 | €6,857 | €17,131 | €10,980 | €2,093 | €1,976 | ▼ 5.6% |
| Suppliers440/4 | - | - | - | €6,857 | €17,131 | €10,980 | €2,093 | €1,976 | ▼ 5.6% |
| Advances received on contracts in progress46 | - | - | - | - | €10,537 | €1,500 | €0 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €9,074 | €4,842 | €601 | €1,614 | €6,434 | ▲ 299% |
| Taxes450/3 | - | - | - | €9,074 | €4,842 | €601 | €1,614 | €6,434 | ▲ 299% |
| Other amounts payable47/48 | - | - | - | €5,440 | €24,628 | €5,686 | €151 | €8,212 | ▲ 54× |
| Accrued charges and deferred income492/3 | - | - | - | €33,546 | €20,597 | €20,597 | €20,597 | €20,597 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,315 | €10,581 | €379 | €5,254 | €25,075 | -€15,892 | -€2,621 | -€4,962 | ▼ 89.3% |
| + Depreciation and write-downs630 | €14,035 | €11,772 | €11,154 | €12,250 | €6,642 | €7,377 | €10,154 | €3,675 | ▼ 63.8% |
| Operating cash flow (approximation) | €15,350 | €22,353 | €11,533 | €17,504 | €31,717 | -€8,515 | €7,533 | -€1,287 | - |
| Investment in fixed assets (approximation) | - | -€6,730 | €0 | -€14,220 | €0 | -€34,733 | €0 | €15,839 | - |
| Change in cash | - | -€36,233 | €12,227 | €1,085 | €61,932 | -€115,100 | €15,353 | -€33,583 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 30-09-2026 | 2026-00548914 |
| 31-12-2024 | abbreviated format | 30-07-2025 | 2025-00359603 |
| 31-12-2023 | abbreviated format | 29-07-2024 | 2024-00328760 |
| 31-12-2022 | abbreviated format | 28-07-2023 | 2023-00316182 |
| 31-12-2021 | abbreviated format | 31-08-2022 | 2022-20394620 |
| 31-12-2020 | abbreviated format | 29-07-2021 | 2021-40900201 |
| 31-12-2019 | abbreviated format | 30-07-2020 | 2020-36600531 |
| 31-12-2018 | abbreviated format | 30-07-2019 | 2019-38900557 |
| 31-12-2017 | abbreviated format | 30-08-2018 | 2018-53100562 |
| 31-12-2016 | abbreviated format | 30-08-2017 | 2017-54400261 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2023 · 1 entry · €117 awarded · €117 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Other function
- began earlier
| Name | Functions and periods |
|---|---|
| Thienpont Wannes |
|
| Roos Van de Velde |
|
Owners and capital
Capital and shareholders
- 17-06-2024 Capital stated in the deed · 101 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
17-06
Gazette deed
Resignations: Thienpont Wannes (manager) and Roos Van de Velde (mandaat)Reappointment: Thienpont Wannes (director) · Amendment of the articles · Legal-form conversion15 facts ▸
- General meeting, “eenparigheid van stemmen, aandeelhouders vertegenwoordigend de totaliteit van de aandelen” (deed in Dutch)
- Amendment of the articles (2 times)
- Legal-form conversion, “besloten vennootschap” (deed in Dutch)
- Capital conversion, “werkelijk gestort vast kapitaal en wettelijke reserve, van rechtswege” (deed in Dutch)
- Reserve release, “statutair onbeschikbare eigen vermogensrekening opheffen en middelen beschikbaar maken voor uitkering, vormen en meerderheden van statutenwijziging” (deed in Dutch)
- Capital
- Director resignation, Thienpont Wannes (manager)
- Director reappointment, Thienpont Wannes (director (not named in the articles))
- Other provision, “kwijting ontslagnemende zaakvoerder(s), op volgende jaarvergadering beslissen over kwijting voor uitoefening mandaat” (deed in Dutch)
- Director resignation, Roos Van de Velde (mandaat)
- Net-asset statement, EUR, “netto-actief na uitkering positief” (deed in Dutch)
- Other provision, “toelichting en formaliteiten uitkering, aan alle wettelijke formaliteiten voldaan” (deed in Dutch)
- +3 further facts in this act
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 25 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
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, with enterprise number 0875.021.459
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23039B0277/00K000 | Flanders | 509 m² | 1 · 136 m² | 9.1 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Studie en uitvoering van algemene bouwwerken, nieuwbouw, verbouwingen, sanering, renovatie en herstelling. Dit omvat onder meer het aannemen…” (deed in Dutch)
24 activities (deed in Dutch)
- Studie en uitvoering van algemene bouwwerken, nieuwbouw, verbouwingen, sanering, renovatie en herstelling. Dit omvat onder meer het aannemen van grond-, slopings, riolerings-, ruwbouw-, dak- en isolatiewerken, schrijnwerk en beglazing, technische uitrustingen en energievoorzieningen, afwerking van vloeren, wanden en zolderingen, binnenhuisinrichting en meubilering, schilder-en verfraaiingswerken, aanleg en onderhoud van tuinen en speelpleinen. Uitgangspunt hierbij is de bouwbiologie.
- Sanering en beplanting van terreinen; ecologisch bosbeheer.
- Het verstrekken van technische adviezen, het doen van schattingen, het opstellen van begrotingen, studierapporten, tekeningen, bestekken, en lastenboeken; alle administratieve en technische dienstverlening, tekst en cijferverwerking; het samenstellen en uitgeven van publicaties.
- De productie, de aankoop, verkoop, distributie en toepassing van goederen bestemd voor de bouw, de binnenhuisinrichting, het wonen, de kleding, de voeding, de hygiëne, het onderhoud en de administratie. Uitgangspunt hierbij is dat de goederen aanvaardbaar dienen te zijn wat betreft hun invloed op milieu, gezondheid en samenleving.
- Isolatiewerkzaamheden, het plaatsen van tussenwanden en van gipsplaten;
- Overige studiebureau’s op gebied van bedrijfsvoering en beheer.
- Zelfstandig werkende kunstenaar en artiest;
- Secretariaten
- De groot-en kleinhandel in bouwmaterialen;
- Het verlenen van bouwkundige adviezen aan de bouwheer; het tekenen en ontwerpen van gebouwen; het toezien op de bouwwerkzaamheden; het uitvoeren van studies en het verlenen van advies i.v.m. stedenbouwkundige planning en landschapsarchitectuur; het ontwerp van tuinen en parken; het leiden van belangrijke herstellingswerkzaamheden aan gebouwen.
- Het maken van foto’s voor bedrijven en particulieren: zoals onder meer en zonder dat dit beperkend zou zijn: portretfotografie: pasfoto’s schoolfoto’s, trouwfoto’s enz. -mode-en reclamefotografie en fotografie ten behoeve van uitgeverijen, bemiddelaars in onroerende goederen, voor toeristische doeleinden, enz. lucht-en onderwaterfotografie;
- Het maken van videoreportages over huwelijken en dergelijke
- Ontwerpen van textielpatronen, kleding, juwelen, meubels en decoratieartikelen
- Overige activiteiten op het gebied van amusement.
- Reisbegeleiding en gidsen, toeristische informatiediensten en dergelijke. Het bieden van overig amusement zoals circussen, poppentheaters, rodeo’s, klank en lichtspelen, theaterproductie, enz. Meer bepaald danser, presentator, animator, artistiek dansen, zingen, acteren, presenteren. Het geven van opleidingen, workshops, evenementen, seminaries.
- Vertaalwerk, headhunting, training, coaching en consulting. Administratiekantoor.
- Handelsbemiddeling in sport- en kampeerartikelen, spellen en speelgoed
- Handelsbemiddeling gespecialiseerd in overige goederen, n.e.g.
- Overige activiteiten op het gebied van amusement, onder meer de organisatie en promotie van culturele activiteiten, kunstmanifestaties- en voorstellingen (inclusief popconcerten); de exploitatie van zalen; overig amusement; overige activiteiten op het gebied van recreatie; organisatie en uitvoering van sportevenementen; activiteiten van sportclubs- en bonden, overige activiteiten in verband met recreatie.
- Het vervaardigen van publicitaire artikelen, het drukken van reclamemateriaal, vervaardigen van en installatie van lichtreclames en uithangborden; de public-relations; de reclamefotografie; het ontwerpen van stands, productie en promotie van publicitaire films, reclameboodschappen, culturele en artistieke manifestaties, sportevenementen.
- Textielsveredeling, het impregneren, bekleden of bedekken van textiel met kunststof; vervaardiging van geconfectioneerde artikelen van textiel,
- Reproductie van opgenomen media, publiciteitsagentschap, public relations bureau.
- Productie en uitzending van radio- en televisieprogramma’s;
- De handelsbemiddeling in menigvuldige goederen.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- SEI
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Bestuursorgaan kan administratieve zetels, agentschappen, werkhuizen, stapelplaatsen en of bijkantoren vestigen in België of buitenland…” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, eerstvolgende algemene vergadering moet bevestigen” (deed in Dutch)“Kosteloos of niet, algemene kosten” (deed in Dutch)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Helft overdrager helft koper(s) naar evenredigheid aantal aandelen bij meerdere kopers, nietigheid” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of June at 11:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- One provision in the deed
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed