SEPARTECH
ActiveSEPARTECH has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.27M and a net result of €373k. Equity is growing by ~27.9% per year across the filed fiscal years. Its solvency ranks better than 23% of 405 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability68▼-15
Solvency45▼-25
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity tight (current ratio 1.39 against 1.32 in 2024; short-term debt: 20.1% and cash: 6.8% of total assets), and 80.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
19.9%
Return on assets
5.8%
Age of the figures
9 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 405 sector peers (2025).
NBB · sector comparisonPosition among 405 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 8 filingsDeviation from the deadline
2025
31 d late
2024
60 d late
2023
68 d late
2022
60 d late
2021
30 d late
2020
31 d late
2019
63 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€373k▲ 35.0%
2024 · €276k
2018: €-21k
2019: €73k
2020: €60k
2021: €382k
2022: €239k
2023: €484k
2024: €276k
2018 → 2025
Working capital
€508k▲ 45.5%
2024 · €349k
2018: €162k
2019: €147k
2020: €166k
2021: €443k
2022: €551k
2023: €640k
2024: €349k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€554k-€793k▲ 43.2%€977k▲ 23.3%€1.08M▲ 10.2%€1.27M▲ 18.3%
Operating result€516k-€333k▼ 35.5%€683k▲ 105%€408k▼ 40.3%€522k▲ 28.1%
Net result€382k-€239k▼ 37.5%€484k▲ 103%€276k▼ 42.9%€373k▲ 35.0%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 28% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.40M
Fixed assets
€4.60M▲ 364%
Current assets
€1.80M▲ 26.0%
Equity and liabilities €6.40M
Equity
€1.27M▲ 18.3%
Debt
€5.12M▲ 282%
The debt ratio rises from 55.4% to 80.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€648k▲
2024 · €525k
Cash flow
€499k▲
2024 · €394k
Solvency
19.9%▼
2024 · 44.6%
Current ratio
1.39▲
2024 · 1.32
Quick ratio
1.26▲
2024 · 1.15
Debt / equity
4.02▲
2024 · 1.24
ROE
29.3%▲
2024 · 25.7%
ROA
5.8%▼
2024 · 11.4%
Interest coverage
5.04▼
2024 · 17.91
Debt
€5.12M▲
2024 · €1.34M
Debt ≤ 1 year
€1.29M▲
2024 · €1.08M
Debt > 1 year
€3.83M▲
2024 · €263k
Income taxes
€21k▼
2024 · €102k
Staff costs
€1.20M▲
2024 · €981k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.42M€6.40M▲
Fixed assets21/28€991k€4.60M▲
Intangible fixed assets21€43k€52k▲
Tangible fixed assets22/27€945k€4.54M▲
Land and buildings22€322k€3.91M▲
Plant, machinery and equipment23€90k€58k▼
Furniture and vehicles24€58k€45k▼
Leasing and similar rights25€219k€275k▲
Other tangible fixed assets26€6k€6k▼
Assets under construction and advance payments27€250k€250k=
Financial fixed assets28€3k€3k=
Current assets29/58€1.43M€1.80M▲
Stocks and contracts in progress3€189k€170k▼
Stocks30/36€189k€170k▼
Amounts receivable within one year40/41€831k€1.16M▲
Trade receivables40€671k€954k▲
Other amounts receivable41€160k€210k▲
Cash at bank and in hand54/58€382k€433k▲
Deferred charges and accrued income490/1€24k€30k▲
Equity and liabilities
Total equity and liabilities10/49€2.42M€6.40M▲
Equity10/15€1.08M€1.27M▲
Contributions10/11€60k€60k=
Profit (loss) carried forward14€1.02M€1.21M▲
Amounts payable17/49€1.34M€5.12M▲
Amounts payable after more than one year17€263k€3.83M▲
Financial debts170/4€263k€3.83M▲
Amounts payable within one year42/48€1.08M€1.29M▲
Current portion of amounts payable after more than one year42€67k€77k▲
Financial debts43€121k€102k▼
Credit institutions430/8€121k€102k▼
Trade debts44€786k€756k▼
Suppliers440/4€786k€756k▼
Bills of exchange payable441€385€385=
Advances received on contracts in progress46-€167k
Taxes, remuneration and social security45€103k€187k▲
Taxes450/3€7k€7k▲
Remuneration and social security454/9€95k€180k▲
Income statement
Code20242025
Remuneration, social security and pensions62€981k€1.20M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€117k€126k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€-45k-
Other operating charges640/8€27k€19k▼
Gross operating margin9900€1.49M€1.87M▲
Operating profit (loss)9901€408k€522k▲
Financial income75/76B€95€15▼
Recurring financial income75€95€15▼
Financial charges65/66B€29k€129k▲
Recurring financial charges65€29k€129k▲
Profit (loss) for the period before taxes9903€379k€394k▲
Income taxes67/77€102k€21k▼
Profit (loss) for the period9904€276k€373k▲
Profit (loss) for the period to be appropriated9905€276k€373k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.19M€1.39M▲
Profit (loss) brought forward from the previous period14P€917k€1.02M▲
Profit to be distributed694/7€176k€176k=
Return on contributions (dividend)694€176k€176k=
Social balance
Average headcount (FTE)908717.118.1▲
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 60 days late
2024
31-12
Financial
Equity above €1MEq €1.08M ▲10.2%
6 profitable years in a row build equity to €1.08M.
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 68 days late
2023
31-12
Financial
Highest result since 2018net €484k ▲103%
Operating result €683k, net result €484k, both a record.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 60 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
31-12
Financial
Equity above €500kEq €554k ▲223%
3 profitable years in a row build equity to €554k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-12
Financial
Equity above €150kEq €171k ▲53.3%
2 profitable years in a row build equity to €171k.
02-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 63 days late
2019
31-12
Financial
Back to profitnet €73k
Net result €73k after one loss-making year.
31-12
Financial
Equity above €100kEq €112k ▲189%
Equity rises from €39k to €112k.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Seneffe · 1 establishment unit since 2018
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.
Parc Industriel Paysager de Tyberchamps 137180 SeneffeGround area
3,938 m²
Building footprint
857 m²
Volume, LiDAR
5,475 m³
Parcel 52063A0930/00X000, Wallonia · tallest building 7.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SEPARTECH
since 20182.272.114.835
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52063A0930/00X000 | Wallonia | 3,938 m² | 1 · 857 m² | 7.0 m · 2 fl. |
Linked by address, not proof of ownership
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.
Similar companies · same sector, comparable size
ALTERFACE PROJECTS
BE 0548.877.270
Wavre · Eq €1.28M
ELEKTROTECHNIEK VERNO
BE 0477.899.105
Temse · Eq €1.27M
MACOVAK
BE 0861.351.486
Lint · Eq €1.32M
OFF SIDE CONSULTING
BE 0874.768.467
Torhout · Eq €1.33M
'T KLUIZEBOS
BE 0452.989.010
Oostende · Eq €1.34M
Of 346 companies in sector 28990 we hold annual accounts for 278. 184 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-01-2018
Fiscal year end31-12
Activities, NACEBEL
28990Manufacture of machinery and equipment not elsewhere classified
33200Installation of industrial machinery and equipment
71121Engineering and related technical consultancy, excluding land surveyors
85592Vocational training
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:yvan.girboux@separtech.com
Phone:0477297285