Equity
€741,478 ▼ 44.5%
"SEPARATION" AG paid out €550,000 in dividends in a year with a loss of €40,153.
"SEPARATION" AG
Lifetime
7 annual accounts with figures on one time axis, 8 filings since 2018peak €805,859 (2019)
€445,262▼ 11.1%
lowest -€308,120 (2020)
-€40,153▼ €34,267
peak €1.7m (2019)
€741,478▼ 44.5%
€54,148▼ 25.2%
peak 17.6 FTE (2019)
7.5 FTE▼ 9.6%
Board7 names since 2018
2 directors and 1 other
Owners
Documentsfilings and deeds
02-06-202659 days before the deadline
2025financial year
Loss of €40,153Staff from 8.3 FTE to 7.5 FTEDividend €550,000Equity from €1.3m to €741,478Debts from €72,436 to €54,148Cash from €149,484 to €197,503
Key points
from the 2025 annual accountsLosses
-€46,040 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
Turnover
≈ €1.0m estimated
The accounts state no turnover.
Staff
7.5 FTE from 17.6 in 2019
Between 2019 and 2025, 57% of the full-time equivalents disappeared.
Filings
8 annual accounts 1 late
The 2018 accounts came 30 days late. The other seven were filed on time.
Position in the sector
93.2%
Higher solvency than 95% of companies in warehousing and transport support. Sector median 34.7% · 514 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 3,440 companies had the same profile as "SEPARATION" AG has now. Each dot stands for 9 companies, two years later.
90.1%
were still trading
7.4%
stopped another way
2.3%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 3,440 companies, not a prediction for "SEPARATION" AG. 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
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Signals
Recent changes
Reappointments: (director) and (director)
Director discharge: · Director discharge: · General meeting of 22-05-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0699788385
Merger: SEPARATION takes over DINOSCO
Capital from €62,031.25 to €92,031.25, 243 new shares · Appointments: , and (bevollmächtigter direktor der täglichen verwaltung) · “Ingenieurdienstleistungen; Maschinenbau; Anlagevertrieb; Forschung und Entwicklung; Konstruktion” (deed in German) · General meeting of 10-06-2021 · Gazette deed
Merger: SEPARATION AG takes over DINOSCO GmbH
Board meeting of 23-04-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| "SEPARATION" AG Raeren | €0.8m | €0.4m | 93.2% | 7.5 |
| C&C Welkenraedt | €0.6m | €0.4m | 78.7% | 7.1 |
| Kennis Logistics Belgium Hoogstraten | €0.9m | €0.5m | 79.5% | 5.3 |
| TRIGO SUPPLY CHAIN Belgium Les Bons Villers | €1.0m | €0.4m | 77.7% | 5 |
| TRANSPORT PIETER DE CLERCK Kortrijk | €0.9m | €0.7m | 32.0% | 7.8 |
| CertiWeight Antwerp | €1.9m | €1.2m | 34.2% | 6.4 |
| Charterra Antwerp | €0.5m | €0.4m | 23.6% | 2.2 |
These companies have the same main activity as "SEPARATION" AG: warehousing and support activities for transportation (NACE 52249). They are comparable in size and age: total assets between €467,000 and €1.9m, founded between 2010 and 2017.
Official details
Source: KBO- Status
- Active since 25-06-2018Normal situation
- Activity
- Warehousing and support activities for transportationNACE 52249and 5 others
- Establishment unit
- 2.278.751.6154731 Raeren, since 29-08-2018
- Financial year end
- 31 December
- Peppol
- Reachable since 06-11-2025
Annual accounts 2025
- €795,626▼ 43.5%
- Employeeson 31-12-2025
- 6▼ 40.0%
- Filing
- Filed on 02-06-2026, 59 days before the end of the filing period
Insights on "SEPARATION" AG
"SEPARATION" AG has existed since 2018. The gross margin fell from €805,859 in 2019 to €264,692 in 2020 and staff from 17.6 to 10.6 full-time equivalents.
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 "SEPARATION" AG
- What is the company number of "SEPARATION" AG?
- The company number of "SEPARATION" AG is 0699.788.385. The VAT number is the same number with BE in front: BE 0699.788.385.
- Where is "SEPARATION" AG based?
- The registered office is at Gewerbestrasse 16, 4731 Raeren.Company details
- What does "SEPARATION" AG do?
- According to the KBO register, the main activity is warehousing and support activities for transportation (NACE 52249).
- What is the legal form of "SEPARATION" AG?
- "SEPARATION" AG is a public limited company (NV).
- When was "SEPARATION" AG founded?
- "SEPARATION" AG was founded on 25-06-2018.
- Is "SEPARATION" AG still active?
- Yes, "SEPARATION" AG is an active enterprise in the KBO register.
- How many employees does "SEPARATION" AG have?
- "SEPARATION" AG had an average of 7.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of "SEPARATION" AG?
- The turnover in financial year 2025 is ≈ €1.0m. This figure is estimated from the gross margin of €445,262 and 2,274 comparable companies of the same size. It probably lies between €630,000 and €1.8m. It is a rough estimate.
- Is "SEPARATION" AG profitable?
- In financial year 2025, "SEPARATION" AG made a loss of €40,153.
- Where can I find the annual accounts of "SEPARATION" AG?
- "SEPARATION" AG filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of "SEPARATION" AG due?
- "SEPARATION" AG must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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