SEPES
ActiveSEPES has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €202k and a net result of €64k. Equity is growing by ~8% per year across the filed fiscal years. Its solvency ranks better than 36% of 7031 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability83▲+6
Solvency61▼-25
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity tight (current ratio 1.08 against 2.11 in 2024; short-term debt: 39.7% and cash: 22.6% of total assets), and 63.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
36.3%
Return on assets
11.4%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 31-03-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
5 d early
2023
1 d early
2022
2 d early
2021
2 d early
2020
31 d early
2019
23 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€202k▼ 31.0%
2024 · €293k
2018: €174k
2019: €204k
2020: €227k
2021: €161k
2022: €250k
2023: €293k
2024: €293k
2018 → 2025
Total assets
€557k▲ 15.7%
2024 · €481k
2018: €465k
2019: €438k
2020: €474k
2021: €464k
2022: €596k
2023: €524k
2024: €481k
2018 → 2025
Net result
€64k▲ 105%
2024 · €31k
2018: €-12k
2019: €31k
2020: €33k
2021: €32k
2022: €89k
2023: €42k
2024: €31k
2018 → 2025
Working capital
€19k▼ 83.0%
2024 · €109k
2018: €44k
2019: €73k
2020: €95k
2021: €13k
2022: €80k
2023: €109k
2024: €109k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€161k-€250k▲ 55.4%€293k▲ 17.0%€293k▲ 0.2%€202k▼ 31.0%
Operating result€51k-€134k▲ 161%€68k▼ 49.2%€50k▼ 27.2%€95k▲ 91.6%
Net result€32k-€89k▲ 177%€42k▼ 52.3%€31k▼ 26.6%€64k▲ 105%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 92% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €557k
Fixed assets
€317k▲ 15.8%
Current assets
€240k▲ 15.7%
Equity and liabilities €557k
Equity
€202k▼ 31.0%
Debt
€355k▲ 88.7%
The debt ratio rises from 39.1% to 63.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€124k▲
2024 · €87k
Cash flow
€93k▲
2024 · €69k
Solvency
36.3%▼
2024 · 60.9%
Current ratio
1.08▼
2024 · 2.11
Quick ratio
1.08▼
2024 · 2.11
Debt / equity
1.75▲
2024 · 0.64
ROE
31.5%▲
2024 · 10.6%
ROA
11.4%▲
2024 · 6.5%
Interest coverage
23.83▲
2024 · 16.30
Debt
€355k▲
2024 · €188k
Debt ≤ 1 year
€221k▲
2024 · €98k
Debt > 1 year
€134k▲
2024 · €90k
Income taxes
€26k▲
2024 · €13k
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€481k€557k▲
Fixed assets21/28€274k€317k▲
Tangible fixed assets22/27€274k€317k▲
Plant, machinery and equipment23€514€1k▲
Furniture and vehicles24€28k€93k▲
Other tangible fixed assets26€245k€223k▼
Current assets29/58€207k€240k▲
Amounts receivable within one year40/41€123k€110k▼
Trade receivables40€121k€104k▼
Other amounts receivable41€2k€7k▲
Cash at bank and in hand54/58€84k€126k▲
Deferred charges and accrued income490/1€493€4k▲
Equity and liabilities
Total equity and liabilities10/49€481k€557k▲
Equity10/15€293k€202k▼
Contributions10/11€12k€12k=
Reserves13€281k€190k▼
Distributable reserves133€281k€190k▼
Amounts payable17/49€188k€355k▲
Amounts payable after more than one year17€90k€134k▲
Financial debts170/4€76k€121k▲
Other amounts payable178/9€14k€12k▼
Amounts payable within one year42/48€98k€221k▲
Current portion of amounts payable after more than one year42€36k€36k▲
Trade debts44€13k€5k▼
Suppliers440/4€13k€5k▼
Taxes, remuneration and social security45€4k€14k▲
Taxes450/3€4k€14k▲
Other amounts payable47/48€46k€166k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38k€29k▼
Other operating charges640/8€61€2k▲
Non-recurring operating charges66A-€28k
Gross operating margin9900€87k€154k▲
Operating profit (loss)9901€50k€95k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€5k€5k▼
Recurring financial charges65€5k€5k▼
Profit (loss) for the period before taxes9903€44k€90k▲
Income taxes67/77€13k€26k▲
Profit (loss) for the period9904€31k€64k▲
Profit (loss) for the period to be appropriated9905€31k€64k▲
Appropriation of the result
Profit (loss) to be appropriated9906€31k€64k▲
Transfer from equity791/2€31k€155k▲
Transfer to equity691/2€31k€64k▲
To other reserves6921€31k€64k▲
Profit to be distributed694/7€31k€155k▲
Return on contributions (dividend)694€31k€155k▲
The notes to these accounts (8 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
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Highest result since 2018net €89k ▲177%
Operating result €134k, net result €89k, both a record.
30-09
Financial
Equity above €200kEq €250k ▲55.4%
4 profitable years in a row build equity to €250k.
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
07-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
30-09
Financial
Back to profitnet €31k
Net result €31k after one loss-making year.
30-09
Financial
Equity above €200kEq €204k ▲17.6%
Equity rises from €174k to €204k.
10-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Opwijk · 1 establishment unit since 2008
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.
Stwg. op Lebbeke 201745 OpwijkGround area
969 m²
Building footprint
178 m²
Volume, LiDAR
867 m³
Parcel 23060A0159/00S003, Flanders · tallest building 7.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
SEPES
since 20082.168.603.462
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23060A0159/00S003 | Flanders | 969 m² | 1 · 178 m² | 7.7 m · 1 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.
Recognitions · licences · registrations
Legal Entity Identifier
549300OGJT8UHP7DIJ59
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Of 13,422 companies in sector 73300 we hold annual accounts for 6,901. 5,241 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-01-2008
Fiscal year end30-09
Activities, NACEBEL
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.