SEPELIO
ActiveSummary
The computed 12-month bankruptcy probability of SEPELIO is 2.1% (moderate). The 2025 annual accounts show equity of €22,700 and a net result of -€7,738. Its solvency ranks better than 17% of 353 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability54▼-30
Solvency32▼-8
Growth32
Track record94
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity short (current ratio 0.9 against 0.96 in 2024; short-term debt: 52.5% and cash: 2.1% of total assets), and 93.2% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 23
Relative position
BE, all sectors
reference
Manufacture of other non-metallic mineral products (NACE 23)
about 17% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
6.8%
Return on assets
-2.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 353 sector peers (2025).
NBB · sector comparisonPosition among 353 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
28 d early
2024
5 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 12 days before the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 34% of the sector filed late.
Checked, nothing found (2)
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€7,738
2024 · €24,438
Working capital
-€17,906▼ 380%
2024 · -€3,732
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 23, Manufacture of other non-metallic mineral products, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20242025
Operating result€43,448-€3,225▼ 92.6%
Net result€24,438within the sector's middle half--€7,738below the sector's middle half
Equity€30,438below the sector's middle half-€22,700within the sector's middle half▼ 25.4%
Total assets€199,060below the sector's middle half-€331,495within the sector's middle half▲ 66.5%
Debt€168,622-€308,796▲ 83.1%
Working capital-€3,732below the sector's middle half--€17,906below the sector's middle half▼ 380%
Solvency15.3%below the sector's middle half-6.8%below the sector's middle half▼ 8.4pp
Current ratio0.96below the sector's middle half-0.90below the sector's middle half▼ 0.06
Return on assets (ROA)12.3%above the sector's middle half--2.3%below the sector's middle half▼ 14.6pp
Staff (FTE)3below the sector's middle half-4▲ 33.3%
above
within
below
the middle half (P25 to P75) of NACE 23, Manufacture of other non-metallic mineral products, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 93% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €331,495
Fixed assets
€175,289 ▲ 63.7%
Current assets
€156,207 ▲ 69.9%
Equity and liabilities €331,495
Equity
€22,700 ▼ 25.4%
Debt
€308,796 ▲ 83.1%
Debt's share of the balance-sheet total rises from 84.7% to 93.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€50,645▼
2024 · €68,193
Cash flow
€39,682▼
2024 · €49,183
Quick ratio
0.36▼
2024 · 0.49
Debt to equity
13.60▲
2024 · 5.54
ROE
-34.1%▼
2024 · 80.3%
Interest coverage
4.58▼
2024 · 9.12
Debt ≤ 1 year
€174,112▲
2024 · €95,696
Debt > 1 year
€132,724▲
2024 · €72,926
Income taxes
€530▼
2024 · €11,565
Staff costs
€253,081▲
2024 · €186,105
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,303 companies that looked in July 2024 the way this one looks now, 5.2% went bankrupt within 24 months and 92% are still going.
- Micro
- 2 to 5 years old
- solvency under 10%
- a small loss
5.2%
went bankrupt
1.5%
stopped otherwise
92%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.1% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 1,303 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.
Annual accounts
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €186,105 | €253,081 | ▲ 36.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,745 | €47,420 | ▲ 91.6% |
| Other operating charges640/8 | €2,986 | €4,567 | ▲ 53.0% |
| Gross operating margin9900 | €257,283 | €308,293 | ▲ 19.8% |
| Operating profit (loss)9901 | €43,448 | €3,225 | ▼ 92.6% |
| Financial income75/76B | €28 | €636 | ▲ 2,166% |
| Recurring financial income75 | €28 | €636 | ▲ 2,166% |
| Financial charges65/66B | €7,473 | €11,070 | ▲ 48.1% |
| Recurring financial charges65 | €7,473 | €11,070 | ▲ 48.1% |
| Profit (loss) for the period before taxes9903 | €36,002 | -€7,208 | ▼ 120% |
| Income taxes67/77 | €11,565 | €530 | ▼ 95.4% |
| Profit (loss) for the period9904 | €24,438 | -€7,738 | ▼ 132% |
| Profit (loss) for the period to be appropriated9905 | €24,438 | -€7,738 | ▼ 132% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €199,060 | €331,495 | ▲ 66.5% |
| Fixed assets21/28 | €107,096 | €175,289 | ▲ 63.7% |
| Intangible fixed assets21 | - | €31,598 | - |
| Tangible fixed assets22/27 | €107,096 | €143,691 | ▲ 34.2% |
| Plant, machinery and equipment23 | - | €24,885 | - |
| Furniture and vehicles24 | €107,096 | €85,950 | ▼ 19.7% |
| Leasing and similar rights25 | - | €32,856 | - |
| Current assets29/58 | €91,964 | €156,207 | ▲ 69.9% |
| Stocks and contracts in progress3 | €45,000 | €93,165 | ▲ 107% |
| Stocks30/36 | - | €39,899 | - |
| Contracts in progress37 | €45,000 | €53,267 | ▲ 18.4% |
| Amounts receivable within one year40/41 | €26,048 | €51,419 | ▲ 97.4% |
| Trade receivables40 | €25,445 | €51,377 | ▲ 102% |
| Other amounts receivable41 | €602 | €42 | ▼ 93.0% |
| Cash at bank and in hand54/58 | €19,821 | €7,080 | ▼ 64.3% |
| Deferred charges and accrued income490/1 | €1,095 | €4,542 | ▲ 315% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €199,060 | €331,495 | ▲ 66.5% |
| Equity10/15 | €30,438 | €22,700 | ▼ 25.4% |
| Contributions10/11 | €6,000 | €6,000 | = |
| Capital10 | €6,000 | - | - |
| Issued capital100 | €6,000 | - | - |
| Profit (loss) carried forward14 | €24,438 | €16,700 | ▼ 31.7% |
| Amounts payable17/49 | €168,622 | €308,796 | ▲ 83.1% |
| Amounts payable after more than one year17 | €72,926 | €132,724 | ▲ 82.0% |
| Financial debts170/4 | €72,926 | €132,724 | ▲ 82.0% |
| Amounts payable within one year42/48 | €95,696 | €174,112 | ▲ 81.9% |
| Current portion of amounts payable after more than one year42 | €19,181 | €43,664 | ▲ 128% |
| Trade debts44 | €28,423 | €60,221 | ▲ 112% |
| Suppliers440/4 | €28,423 | €60,221 | ▲ 112% |
| Taxes, remuneration and social security45 | €37,401 | €65,517 | ▲ 75.2% |
| Taxes450/3 | €11,565 | €13,486 | ▲ 16.6% |
| Remuneration and social security454/9 | €25,837 | €52,031 | ▲ 101% |
| Other amounts payable47/48 | €10,690 | €4,711 | ▼ 55.9% |
| Accrued charges and deferred income492/3 | - | €1,960 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €24,438 | -€7,738 | ▼ 132% |
| + Depreciation and write-downs630 | €24,745 | €47,420 | ▲ 91.6% |
| Operating cash flow (approximation) | €49,183 | €39,682 | ▼ 19.3% |
| Investment in fixed assets (approximation) | - | -€115,612 | - |
| Change in cash | - | -€12,741 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
05-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 5 days late
NBB filing
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Morlanwelz · 2 establishment units since 2023
Ground area
1.4 ha
Building footprint
1,421 m²
Volume, LiDAR
6,276 m³
2 parcels, Wallonia · tallest building 6.4 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
SEPELIO
since 20232.347.694.859
SEPELIO
since 20252.376.987.968
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55035D0612/00F002 | Wallonia | 1.3 ha | 1 · 1,300 m² | 6.4 m · 1 fl. |
| 56055B0140/00C000 | Wallonia | 1,150 m² | 1 · 121 m² | 5.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
3 categoriesSEPELIO SRL44677
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AMG GRANIT AND CONSTRUCTION
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AXCYS Design
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Of 737 companies in sector 23700 we hold annual accounts for 489. 232 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded15-07-2023
Fiscal year end31-12
Activities, NACEBEL 2025
23700Cutting, shaping and finishing of stone
32990Other manufacturing not elsewhere classified
43120Site preparation
43990Other specialised construction activities
46180Agents specialised in the wholesale of other particular products
47761Retail sale of flowers, plants, seeds and fertilisers
49330On-demand passenger transport by chauffeured vehicle
81300Landscape service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0803999643
Also
9925:BE0803999643
Registered
29-04-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.