SEPAK
ActiveSummary
The computed 12-month bankruptcy probability of SEPAK is 5.1% (elevated). The 2024 annual accounts show equity of €79k and a net result of €3k. Equity is growing by ~17.4% per year across the filed fiscal years. Its solvency ranks better than 65% of 6717 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
54
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability70▲+17
Solvency78▲+11
Growth52=
Track record100
Bankruptcy probability, 12 months
5.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days only on tighter terms
Liquidity ample (current ratio 2.63 against 2.12 in 2023; short-term debt: 35.1% and cash: 6.7% of total assets), and 47.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
52.6%
Return on assets
2.3%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
31 d late
2022
7 d early
2021
29 d late
2020
122 d late
2019
122 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€79k▲ 4.6%
2023 · €76k
2019: €29k
2020: €43k
2021: €52k
2022: €73k
2023: €76k
2019 → 2024
Total assets
€151k▼ 16.5%
2023 · €180k
2019: €117k
2020: €116k
2021: €117k
2022: €140k
2023: €180k
2019 → 2024
Net result
€3k▲ 20.9%
2023 · €3k
2019: €23k
2020: €18k
2021: €9k
2022: €21k
2023: €3k
2019 → 2024
Working capital
€86k▲ 0.9%
2023 · €85k
2019: €32k
2020: €49k
2021: €64k
2022: €79k
2023: €85k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€43k-€52k▲ 19.8%€73k▲ 41.0%€76k▲ 3.9%€79k▲ 4.6%
Operating result€24k-€16k▼ 35.7%€31k▲ 98.5%€8k▼ 73.4%€11k▲ 32.9%
Net result€18k-€9k▼ 51.7%€21k▲ 148%€3k▼ 86.5%€3k▲ 20.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 33% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €151k
Fixed assets
€12k ▼ 38.1%
Current assets
€139k ▼ 14.0%
Equity and liabilities €151k
Equity
€79k ▲ 4.6%
Debt
€71k ▼ 31.7%
Debt's share of the balance-sheet total falls from 58.0% to 47.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€18k▲
2023 · €11k
Cash flow
€11k▲
2023 · €6k
Current ratio
2.63▲
2023 · 2.12
Debt to equity
0.90▼
2023 · 1.38
ROE
4.4%▲
2023 · 3.8%
ROA
2.3%▲
2023 · 1.6%
Interest coverage
5.82▲
2023 · 3.82
Debt ≤ 1 year
€53k▼
2023 · €76k
Debt > 1 year
€18k▼
2023 · €28k
Income taxes
€4k▲
2023 · €3k
Staff costs
€28k▼
2023 · €35k
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 · 43 lines
Balance sheet
Code20232024
Assets
Total assets20/58€180k€151k▼
Fixed assets21/28€19k€12k▼
Tangible fixed assets22/27€19k€12k▼
Plant, machinery and equipment23€704€354▼
Furniture and vehicles24€18k€11k▼
Current assets29/58€162k€139k▼
Amounts receivable after more than one year29€21k€8k▼
Other amounts receivable291€21k€8k▼
Amounts receivable within one year40/41€105k€100k▼
Trade receivables40€105k€100k▼
Cash at bank and in hand54/58€4k€10k▲
Deferred charges and accrued income490/1€31k€21k▼
Equity and liabilities
Total equity and liabilities10/49€180k€151k▼
Equity10/15€76k€79k▲
Contributions10/11€6k€6k=
Profit (loss) carried forward14€70k€73k▲
Amounts payable17/49€105k€71k▼
Amounts payable after more than one year17€28k€18k▼
Financial debts170/4€28k€18k▼
Amounts payable within one year42/48€76k€53k▼
Current portion of amounts payable after more than one year42€16k€11k▼
Trade debts44€28k€8k▼
Suppliers440/4€28k€8k▼
Advances received on contracts in progress46€9k€9k=
Taxes, remuneration and social security45€23k€25k▲
Taxes450/3€11k€18k▲
Remuneration and social security454/9€11k€7k▼
Other amounts payable47/48€143€39▼
Income statement
Code20232024
Remuneration, social security and pensions62€35k€28k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€7k▲
Other operating charges640/8€5k€8k▲
Gross operating margin9900€51k€55k▲
Operating profit (loss)9901€8k€11k▲
Financial income75/76B€368-
Recurring financial income75€368-
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€6k€8k▲
Income taxes67/77€3k€4k▲
Profit (loss) for the period9904€3k€3k▲
Profit (loss) for the period to be appropriated9905€3k€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€70k€73k▲
Profit (loss) brought forward from the previous period14P€67k€70k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Weakest financial yearnet €3k ▼86.5%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 122 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Elsene · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Louizalaan 287/121050 ElseneGround area
4,072 m²
Building footprint
2,989 m²
Volume, LiDAR
47,299 m³
2 parcels, Brussels, Wallonia · tallest building 31.7 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
SEPAK
since 20192.291.433.275
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0172/00G000 | Brussels | 3,384 m² | 1 · 2,779 m² | 31.7 m · 8 fl. |
| 25764N0541/00A000 | Wallonia | 688 m² | 1 · 210 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
ADDAX GROUP
BE 0544.983.612
Schaarbeek · Eq €79,217
B-Progress NV
BE 0660.833.086
Brussel · Eq €79,200
CREUPELANDT JENS TRANSPORT
BE 0687.853.427
Wingene · Eq €79,194
LST Logistics
BE 0665.611.723
Gent · Eq €79,177
FLEET TRANS
BE 0759.652.926
Brasschaat · Eq €79,285
Of 12,604 companies in sector 49410 we hold annual accounts for 8,202. 6,279 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-03-2019
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.