SEPHI
ActiveSummary
The computed 12-month bankruptcy probability of SEPHI is 2.5% (moderate). The 2025 annual accounts show negative equity (-€212,943) and a net result of -€83,324. Equity is shrinking by about 24% per year across the filed financial years. Its solvency ranks better than 8% of 2,800 sector peers (NACE 82, financial year 2025). The company has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- -€212,943
- Loss
- -€83,324
- LAMBERT Séverine NellyDirector
- Philippe FRITZDirector
Why 49raises riskLiquidity: current ratio 0.11, cash €301, halvedLoss of €83,324 (financial year 2025)Negative equity -€212,943lowers riskSize: total assets €577,708Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 82, micro): better than 5% on solvency, 1% on liquidity and 10% on profitability.
The bankruptcy probability was computed on 27-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 4 days after the deadline; the sector median (NACE 82) for financial year 2024 is 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Weakest financial yearnet -€83,324
- Amendment of the articles · Legal-form…Resignations: IMMOBILIERE PARMENTIER (manager) and…
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (31 days) Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00498085.
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result turns negative in 2025: a loss of €66,410 after €61,905 in 2024, the lowest result in the available series.
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.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 82, Office administrative, office support and other business support activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 598 companies that looked in July 2024 the way this one looks now, 9.4% went bankrupt within 24 months and 83.4% are still going.
- Small
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 1.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.5% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 598 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.
| Line | 2019 | 2020 | 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 | €68,537 | €51,073 | €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 | - |
| Other operating charges640/8 | - | - | - | €6,538 | €9,051 | €7,892 | €10,099 | ▲ 28.0% |
| Gross operating margin9900 | €57,457 | €80,392 | €44,484 | €8,599 | €1,670 | €85,350 | -€15,081 | - |
| Operating profit (loss)9901 | -€19,617 | €21,883 | -€12,530 | -€49,374 | -€55,247 | €61,905 | -€66,410 | - |
| 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 | €8,339 | €6,845 | €6,062 | €5,260 | €4,657 | €16,665 | €16,337 | ▼ 2.0% |
| Profit (loss) for the period before taxes9903 | -€27,956 | €15,038 | -€18,559 | -€54,634 | -€59,893 | €45,240 | -€82,747 | - |
| Income taxes67/77 | €996 | €1,550 | €881 | €585 | €892 | €504 | €577 | ▲ 14.5% |
| Profit (loss) for the period9904 | -€28,952 | €13,488 | -€19,440 | -€55,219 | -€60,785 | €44,736 | -€83,324 | - |
| Profit (loss) for the period to be appropriated9905 | -€28,952 | €13,488 | -€19,440 | -€55,219 | -€60,785 | €44,736 | -€83,324 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €901,762 | €866,118 | €766,635 | €743,958 | €684,400 | €575,974 | €577,708 | ▲ 0.3% |
| Fixed assets21/28 | €839,894 | €770,019 | €724,560 | €682,917 | €628,425 | €514,208 | €491,399 | ▼ 4.4% |
| Tangible fixed assets22/27 | €838,214 | €768,339 | €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 | ▲ 269× |
| Financial fixed assets28 | €1,680 | €1,680 | €1,680 | €1,680 | €1,680 | €1,680 | €1,680 | = |
| Current assets29/58 | €61,868 | €96,099 | €42,075 | €61,042 | €55,975 | €61,767 | €86,309 | ▲ 39.7% |
| Amounts receivable within one year40/41 | €32,449 | €54,503 | €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 | €24,511 | €36,647 | €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 | €901,762 | €866,118 | €766,635 | €743,958 | €684,400 | €575,974 | €577,708 | ▲ 0.3% |
| Equity10/15 | -€52,400 | -€38,911 | -€58,352 | -€113,571 | -€174,356 | -€129,620 | -€212,943 | ▼ 64.3% |
| Contributions10/11 | €18,600 | - | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €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 | -€72,860 | -€59,371 | -€78,812 | -€134,031 | -€194,816 | -€150,080 | -€233,403 | ▼ 55.5% |
| Provisions and deferred taxes16 | €25,000 | €25,000 | €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 | €929,162 | €880,030 | €799,987 | €832,529 | €833,756 | €705,594 | €790,651 | ▲ 12.1% |
| Amounts payable after more than one year17 | €440,137 | €376,259 | €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 | €489,025 | €503,771 | €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 | €128,190 | €280,775 | €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 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€28,952 | €13,488 | -€19,440 | -€55,219 | -€60,785 | €44,736 | -€83,324 | - |
| + Depreciation and write-downs630 | €68,537 | €51,073 | €49,429 | €51,435 | €47,865 | €40,553 | €41,231 | ▲ 1.7% |
| Operating cash flow (approximation) | €39,585 | €64,562 | €29,989 | -€3,784 | -€12,920 | €85,289 | -€42,093 | - |
| Investment in fixed assets (approximation) | - | €18,802 | -€3,971 | -€9,792 | €6,626 | €73,665 | -€18,422 | - |
| Change in cash | - | €12,136 | -€13,762 | -€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.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-08-2026 | 2026-00498085 |
| 30-06-2024 | full format | 31-01-2025 | 2025-00023695 |
| 30-06-2023 | micro format | 22-01-2024 | 2024-00011279 |
| 30-06-2022 | micro format | 26-01-2023 | 2023-00005650 |
| 30-06-2021 | micro format | 31-01-2022 | 2022-04400058 |
| 30-06-2020 | full format | 16-02-2021 | 2021-05500463 |
| 30-06-2019 | full format | 29-01-2020 | 2020-03200479 |
| 30-06-2018 | full format | 22-01-2019 | 2019-02100096 |
| 30-06-2017 | full format | 30-01-2018 | 2018-03500510 |
| 30-06-2016 | full format | 25-01-2017 | 2017-02300078 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| LAMBERT Séverine Nelly |
|
| Philippe FRITZ |
|
| IMMOBILIERE PARMENTIER |
|
Owners and capital
Capital and shareholders
- LAMBERT Séverine Nelly 93 shares
- FRITZ Philippe François Edouard 93 shares
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 28-02-2025 Converted to unavailable equity
Group and network
Connections & network
2 connected companiesThe connected companies are in the list below.
History
Acts, filings and financial milestones
28-02
Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointmentsResignations: IMMOBILIERE PARMENTIER (manager) and FRITZ Philippe François Edouard (manager) · Appointments: FRITZ Philippe François Edouard (director) and LAMBERT Séverine Nelly (director) · Permanent representative: FRITZ Philippe François Edouard22 facts ▸
- General meeting, 18-02-2025
- Incorporation, 15-12-2011
- Shareholding, 18-02-2025, “actions” (deed in French) (2 times)
- Capital
- Other provision, 1, “ordre du jour point 1” (deed in French)
- Other provision, 2, “ordre du jour point 2” (deed in French)
- Other provision, 3, “ordre du jour point 3” (deed in French)
- Other provision, “ordre du jour points 4-5, Démissions et nominations:démission gérant,démission gérant(s)et renouvellement comme administrateur,nomination administrateur(s),nomi…” (deed in French)
- Other provision, “ordre du jour points 6-7, Exercice social” (deed in French)
- Other provision, “convocations et quorum, tous actionnaires présents ou représentés” (deed in French)
- Amendment of the articles (2 times)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- +10 further facts in this act
About the unread acts
Of the 10 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 9 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 51034C0141/00N002 | Wallonia | 2,613 m² | 1 · 177 m² | 8.7 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Toutes opérations se rattachant directement ou indirectement au commerce de gros,à l importation,à l exportation et à la fabrication de…” (deed in French)
8 activities (deed in French)
- Toutes opérations se rattachant directement ou indirectement au commerce de gros,à l importation,à l exportation et à la fabrication de peintures,vernis,émaux,accessoires de peinture,ainsi qu au commerce en gros et en détail de revêtements de sols et de murs.
- Toutes opérations immobilières,à savoir notamment l achat,la vente,les travaux de transformation et d aménagement,la conclusion de baux commerciaux et/ou civils,de sous-location,d échange et de vente de tous immeubles,le lotissement et la mise en valeur de tous biens immeubles,à l exclusion de l activité d agent immobilier.
- Toutes prestations de conseils et services dans le secteur immobilier,en ce compris la gestion de projet et l administration de toutes sociétés à finalité immobilière
- Toutes prestations de gestion de patrimoine au sens le plus large du terme
- Toutes prestations de services relatifs au management.Dans ce cadre,la société pourra fournir des prestations de services administratifs au sens large,et notamment fournir des services de secrétariat et gestion,donner des avis et effectuer des études et audits dans les domaines juridique,financier,administratif et fiscal,ainsi que fournir une assistance technique,administrative,juridique,financière et économique.
- Le brassage,la fabrication et la commercialisation,de bières et spiritueux dans son acception la plus large,dans le cadre de l activité d une micro brasserie ou de brasserie,et notamment l exploitation et l entretien d une houblonnière
- La production,la fabrication,la commercialisation et la vente de bières,de boissons alcooliques distillées,de boissons fermentées non distillées,de boissons gazeuses et de limonades avec ou sans exploitation d une salle de dégustation
- L exploitation de malteries,la production et le commerce de toutes espèces de bières,boissons et produits alimentaires,le traitement et le commerce de tous sous-produits et accessoires de toutes provenances et sous toutes formes,l étude,la construction ou la réalisation,en tout ou en partie,d installations de fabrication des produits ci-dessus.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- SEPHI
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, Article 2” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Déterminée ou indéterminée, assemblée nommant fixe nombre,durée et,en cas de pluralité,pouvoirs” (deed in French)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Tout transfert d'actions à titre particulier ou universel,à titre onéreux ou gratuit,entre vifs ou à cause de mort, société,parties à la…” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Monday of December at 15:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed