SEPARCO
ActiveSummary
SEPARCO has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7.9m and a net result of €435. Equity remains stable across the filed financial years (±0% per year). The computed 12-month bankruptcy probability is 0.3% (very low).
Financials · financial year 2025, full format, standalone accounts
Source amounts without an identifiable currency are assumed to be EUR.
2022 to 2025, 4 financial years
The operating result stays negative: a loss of €7,116 in 2025 against €3,770 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.
Use the arrow keys on the chart for the figures per year.
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Operating charges60/66A | €2,328 | €7,567 | €3,770 | €7,116 | ▲ 88.8% |
| Services and other goods61 | - | €4,502 | €109 | €3,681 | ▲ 34× |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,786 | €1,787 | €1,787 | €1,503 | ▼ 15.9% |
| Other operating charges640/8 | €542 | €1,279 | €1,874 | €1,932 | ▲ 3.1% |
| Operating profit (loss)9901 | -€2,328 | -€7,567 | -€3,770 | -€7,116 | ▼ 88.8% |
| Financial income75/76B | €449,162 | €475,200 | €476,502 | €475,200 | ▼ 0.3% |
| Recurring financial income75 | €449,162 | €475,200 | €476,502 | €475,200 | ▼ 0.3% |
| Income from current assets751 | €449,162 | €475,200 | €476,502 | €475,200 | ▼ 0.3% |
| Financial charges65/66B | €443,254 | €467,774 | €467,649 | €467,490 | = |
| Recurring financial charges65 | €443,254 | €467,774 | €467,649 | €467,490 | = |
| Debt charges650 | €443,215 | €467,687 | €467,545 | €467,400 | = |
| Other financial charges652/9 | €40 | €87 | €104 | €90 | ▼ 13.9% |
| Profit (loss) for the period before taxes9903 | €3,579 | -€141 | €5,083 | €594 | ▼ 88.3% |
| Income taxes67/77 | €955 | - | €1,347 | €159 | ▼ 88.2% |
| Taxes670/3 | €955 | - | €1,347 | €159 | ▼ 88.2% |
| Profit (loss) for the period9904 | €2,624 | -€141 | €3,737 | €435 | ▼ 88.3% |
| Profit (loss) for the period to be appropriated9905 | €2,624 | -€141 | €3,737 | €435 | ▼ 88.3% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €15.9m | €15.9m | €15.9m | €15.9m | = |
| Formation expenses20 | €0.007m | €0.005m | €0.004m | €0.002m | ▼ 42.1% |
| Fixed assets21/28 | €15.8m | €15.8m | €15.8m | €15.8m | = |
| Financial fixed assets28 | €15.8m | €15.8m | €15.8m | €15.8m | = |
| Affiliated companies280/1 | €15.8m | €15.8m | €15.8m | €15.8m | = |
| Participating interests280 | €7.9m | €7.9m | €7.9m | €7.9m | = |
| Amounts receivable281 | €7.9m | €7.9m | €7.9m | €7.9m | = |
| Current assets29/58 | €0.03m | €0.02m | €0.03m | €0.03m | ▼ 5.1% |
| Cash at bank and in hand54/58 | €0.03m | €0.02m | €0.03m | €0.03m | ▼ 5.1% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €15.9m | €15.9m | €15.9m | €15.9m | = |
| Equity10/15 | €7.9m | €7.9m | €7.9m | €7.9m | = |
| Contributions10/11 | €7.9m | €7.9m | €7.9m | €7.9m | = |
| Reserves13 | €0.003m | €0.002m | €0.006m | €0.007m | ▲ 7.0% |
| Distributable reserves133 | €0.003m | €0.002m | €0.006m | €0.007m | ▲ 7.0% |
| Amounts payable17/49 | €8.0m | €7.9m | €7.9m | €7.9m | = |
| Amounts payable after more than one year17 | €7.9m | €7.9m | €7.9m | €7.9m | = |
| Financial debts170/4 | €7.9m | €7.9m | €7.9m | €7.9m | = |
| Other loans174 | €7.9m | €7.9m | €7.9m | €7.9m | = |
| Amounts payable within one year42/48 | €0.03m | €0.02m | €0.03m | €0.02m | ▼ 12.5% |
| Trade debts44 | - | - | €109 | €0.003m | ▲ 31× |
| Suppliers440/4 | - | - | €109 | €0.003m | ▲ 31× |
| Taxes, remuneration and social security45 | €0.02m | €0.02m | €0.02m | €0.02m | ▼ 6.7% |
| Taxes450/3 | €0.02m | €0.02m | €0.02m | €0.02m | ▼ 6.7% |
| Other amounts payable47/48 | €0.01m | - | €0.005m | - | - |
| Accrued charges and deferred income492/3 | €105 | €104 | €165 | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,624 | -€141 | €3,737 | €435 | ▼ 88.3% |
| + Depreciation and write-downs630 | €1,786 | €1,787 | €1,787 | €1,503 | ▼ 15.9% |
| Operating cash flow (approximation) | €4,410 | €1,646 | €5,524 | €1,939 | ▼ 64.9% |
| Investment in fixed assets (approximation) | - | -€1,787 | -€1,787 | -€1,503 | ▲ 15.9% |
| Change in cash | - | -€13,287 | €12,285 | -€1,467 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | consolidated | 03-07-2026 | 2026-00270877 |
| 31-12-2025 | full format | 02-07-2026 | 2026-00257678 |
| 31-12-2024 | full format | 02-07-2025 | 2025-00224036 |
| 31-12-2024 | consolidated | 02-07-2025 | 2025-00239830 |
| 31-12-2023 | full format | 03-07-2024 | 2024-00222549 |
| 31-12-2023 | consolidated | 03-07-2024 | 2024-00221879 |
| 31-12-2022 | full format | 17-07-2023 | 2023-00246791 |
| 31-12-2022 | consolidated | 17-07-2023 | 2023-00251603 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.