SEPHI
ActiveSummary
SEPHI has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€212,943) and a net result of -€83,324. Equity is shrinking by ~23.6% per year across the filed fiscal years. Its solvency ranks better than 8% of 2309 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability1▼-77
Solvency0▼-2
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.11 against 0.1 in 2024; short-term debt: 136.6% and cash: 0.1% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% 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
-36.9%
Return on assets
-14.4%
Age of the figures
9 mo
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€212,943
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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
on the day
2023
9 d early
2022
5 d early
2021
on the day
2020
16 d late
2019
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 4 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€83,324
2024 · €44,736
Working capital
-€702,642▼ 31.8%
2024 · -€532,961
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, 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
Line20212022202320242025
Operating result-€12,530-€49,374▼ 294%-€55,247▼ 11.9%€61,905-€66,410
Net result-€19,440below the sector's middle half-€55,219below the sector's middle half▼ 184%-€60,785below the sector's middle half▼ 10.1%€44,736within the sector's middle half-€83,324below the sector's middle half
Equity-€58,352below the sector's middle half▼ 50.0%-€113,571below the sector's middle half▼ 94.6%-€174,356below the sector's middle half▼ 53.5%-€129,620below the sector's middle half▲ 25.7%-€212,943below the sector's middle half▼ 64.3%
Total assets€766,635above the sector's middle half▼ 11.5%€743,958above the sector's middle half▼ 3.0%€684,400above the sector's middle half▼ 8.0%€575,974within the sector's middle half▼ 15.8%€577,708within the sector's middle half▲ 0.3%
Debt€799,987▼ 9.1%€832,529▲ 4.1%€833,756▲ 0.1%€705,594▼ 15.4%€790,651▲ 12.1%
Working capital-€447,865below the sector's middle half▼ 9.9%-€528,497below the sector's middle half▼ 18.0%-€602,494below the sector's middle half▼ 14.0%-€532,961below the sector's middle half▲ 11.5%-€702,642below the sector's middle half▼ 31.8%
Solvency-7.6%below the sector's middle half▼ 3.1pp-15.3%below the sector's middle half▼ 7.7pp-25.5%below the sector's middle half▼ 10.2pp-22.5%below the sector's middle half▲ 3.0pp-36.9%below the sector's middle half▼ 14.4pp
Current ratio0.09below the sector's middle half▼ 0.100.10below the sector's middle half▲ 0.020.09below the sector's middle half▼ 0.020.10below the sector's middle half▲ 0.020.11below the sector's middle half▲ 0.01
Return on assets (ROA)-2.5%below the sector's middle half▼ 4.1pp-7.4%below the sector's middle half▼ 4.9pp-8.9%below the sector's middle half▼ 1.5pp7.8%within the sector's middle half▲ 16.6pp-14.4%below the sector's middle half▼ 22.2pp
Staff (FTE)0below the sector's middle half0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €66,410 after €61,905 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €577,708
Fixed assets
€491,399 ▼ 4.4%
Current assets
€86,309 ▲ 39.7%
Key figures and ratios
EBITDA
-€25,180▼
2024 · €102,458
Cash flow
-€42,093▼
2024 · €85,289
Debt to equity
-3.71▲
2024 · -5.44
Interest coverage
-1.54▼
2024 · 6.15
Debt ≤ 1 year
€788,951▲
2024 · €594,727
Debt > 1 year
€1,700▼
2024 · €106,511
Income taxes
€577▲
2024 · €504
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 600 companies that looked in July 2024 the way this one looks now, 8.5% went bankrupt within 24 months and 83% are still going.
- Small
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
8.5%
went bankrupt
5.8%
stopped otherwise
83%
still going
A further 2.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 600 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €103,172 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €49,429 | €51,435 | €47,865 | €40,553 | €41,231 | ▲ 1.7% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | -€25,000 | €0 | ▲ 100% |
| Other operating charges640/8 | - | €6,538 | €9,051 | €7,892 | €10,099 | ▲ 28.0% |
| Gross operating margin9900 | €44,484 | €8,599 | €1,670 | €85,350 | -€15,081 | ▼ 118% |
| Operating profit (loss)9901 | -€12,530 | -€49,374 | -€55,247 | €61,905 | -€66,410 | ▼ 207% |
| Financial income75/76B | - | €0 | €10 | €0 | €1 | - |
| Recurring financial income75 | €33 | €0 | €10 | €0 | €1 | - |
| Financial charges65/66B | - | €5,260 | €4,657 | €16,665 | €16,337 | ▼ 2.0% |
| Recurring financial charges65 | €6,062 | €5,260 | €4,657 | €16,665 | €16,337 | ▼ 2.0% |
| Profit (loss) for the period before taxes9903 | -€18,559 | -€54,634 | -€59,893 | €45,240 | -€82,747 | ▼ 283% |
| Income taxes67/77 | €881 | €585 | €892 | €504 | €577 | ▲ 14.5% |
| Profit (loss) for the period9904 | -€19,440 | -€55,219 | -€60,785 | €44,736 | -€83,324 | ▼ 286% |
| Profit (loss) for the period to be appropriated9905 | -€19,440 | -€55,219 | -€60,785 | €44,736 | -€83,324 | ▼ 286% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €766,635 | €743,958 | €684,400 | €575,974 | €577,708 | ▲ 0.3% |
| Fixed assets21/28 | €724,560 | €682,917 | €628,425 | €514,208 | €491,399 | ▼ 4.4% |
| Tangible fixed assets22/27 | €722,880 | €681,237 | €626,745 | €512,528 | €489,719 | ▼ 4.5% |
| Land and buildings22 | - | €660,070 | €611,818 | €502,926 | €469,653 | ▼ 6.6% |
| Plant, machinery and equipment23 | - | €12,935 | €14,345 | €9,559 | €8,539 | ▼ 10.7% |
| Furniture and vehicles24 | - | €8,232 | €583 | €43 | €11,527 | ▲ 26,787% |
| Financial fixed assets28 | €1,680 | €1,680 | €1,680 | €1,680 | €1,680 | = |
| Current assets29/58 | €42,075 | €61,042 | €55,975 | €61,767 | €86,309 | ▲ 39.7% |
| Amounts receivable within one year40/41 | €16,792 | €57,997 | €52,610 | €60,114 | €80,694 | ▲ 34.2% |
| Trade receivables40 | - | €41,699 | €36,214 | €45,512 | €73,714 | ▲ 62.0% |
| Other amounts receivable41 | - | €16,298 | €16,396 | €14,602 | €6,980 | ▼ 52.2% |
| Cash at bank and in hand54/58 | €22,886 | €3,044 | €3,365 | €1,653 | €301 | ▼ 81.8% |
| Deferred charges and accrued income490/1 | - | €0 | - | - | €5,314 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €766,635 | €743,958 | €684,400 | €575,974 | €577,708 | ▲ 0.3% |
| Equity10/15 | -€58,352 | -€113,571 | -€174,356 | -€129,620 | -€212,943 | ▼ 64.3% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€78,812 | -€134,031 | -€194,816 | -€150,080 | -€233,403 | ▼ 55.5% |
| Provisions and deferred taxes16 | €25,000 | €25,000 | €25,000 | €0 | - | - |
| Provisions for liabilities and charges160/5 | - | €25,000 | €25,000 | €0 | - | - |
| Major repairs and maintenance162 | - | €25,000 | €25,000 | €0 | - | - |
| Amounts payable17/49 | €799,987 | €832,529 | €833,756 | €705,594 | €790,651 | ▲ 12.1% |
| Amounts payable after more than one year17 | €310,047 | €242,991 | €175,288 | €106,511 | €1,700 | ▼ 98.4% |
| Financial debts170/4 | - | €241,491 | €173,588 | €104,811 | €0 | ▼ 100% |
| Other amounts payable178/9 | - | €1,500 | €1,700 | €1,700 | €1,700 | = |
| Amounts payable within one year42/48 | €489,940 | €589,538 | €658,469 | €594,727 | €788,951 | ▲ 32.7% |
| Current portion of amounts payable after more than one year42 | - | €67,056 | €67,904 | €68,776 | €70,097 | ▲ 1.9% |
| Trade debts44 | €64,985 | €30,471 | €11,447 | €5,345 | €5,281 | ▼ 1.2% |
| Suppliers440/4 | - | €30,471 | €11,447 | €5,345 | €5,281 | ▼ 1.2% |
| Taxes, remuneration and social security45 | - | €1,254 | €732 | €839 | €3,156 | ▲ 276% |
| Taxes450/3 | - | €1,254 | €732 | €839 | €3,156 | ▲ 276% |
| Other amounts payable47/48 | - | €490,757 | €578,386 | €519,767 | €710,417 | ▲ 36.7% |
| Accrued charges and deferred income492/3 | - | - | - | €4,355 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€19,440 | -€55,219 | -€60,785 | €44,736 | -€83,324 | ▼ 286% |
| + Depreciation and write-downs630 | €49,429 | €51,435 | €47,865 | €40,553 | €41,231 | ▲ 1.7% |
| Operating cash flow (approximation) | €29,989 | -€3,784 | -€12,920 | €85,289 | -€42,093 | ▼ 149% |
| Investment in fixed assets (approximation) | - | -€9,792 | €6,626 | €73,665 | -€18,422 | ▼ 125% |
| Change in cash | - | -€19,841 | €321 | -€1,713 | -€1,351 | ▲ 21.1% |
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
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet -€83,324
Net result drops to -€83,324, the lowest in the series.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-06
Financial
Back to profitnet €44,736
Net result €44,736 after 3 loss-making years.
22-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
16-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 16 days late
2020
30-06
Financial
Back to profitnet €13,488
Net result €13,488 after one loss-making year.
29-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
22-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
25-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
10 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, Chièvres · 1 establishment unit since 2011
Ground area
2,613 m²
Building footprint
177 m²
Volume, LiDAR
1,194 m³
Parcel 51034C0141/00N002, Wallonia · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Rue de Canteleux 8, 7950 Chièvres
since 20112.208.930.025
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51034C0141/00N002 | Wallonia | 2,613 m² | 1 · 177 m² | 8.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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 and region
AD ORIS OPTIMUS
BE 0454.836.265
Mons
AGRICOSERVICE D'ATH
BE 0434.428.752
Ath
ALPHA BUSINESS ADMINISTRATIF
BE 0505.950.911
Braine-le-Comte
B & L
BE 0455.597.518
Estaimpuis
BAUVEL
BE 0426.492.766
Silly
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 11,218 companies in sector 82100 we hold annual accounts for 3,516. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-12-2011
Fiscal year end31-12
Activities, NACEBEL 2025
82100Office administrative and support services
46833Wholesale trade
46900Non-specialised wholesale trade
68310Real estate agency activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0841987516
Also
9925:BE0841987516
Registered
01-12-2025
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.