SEPPI
ActiveSummary
SEPPI has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €824k and a net result of €475k. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 22% of 3549 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
61
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability71▼-6
Solvency45▲+13
Growth62▲+24
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity tight (current ratio 1.18 against 1.0 in 2023; short-term debt: 78.8% and cash: 23.1% of total assets), and 79.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
20.3%
Return on assets
11.7%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 3549 sector peers (2024).
NBB · sector comparisonPosition among 3549 sector peers
Solvency
better than 22%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €824k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2025, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
37 d early
2023
33 d early
2022
38 d early
2021
44 d early
2020
59 d early
2019
67 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€11.50M▲ 38.7%
2021 · €8.29M
2018: €11.81M
2019: €10.71M
2020: €7.98M
2021: €8.29M
2018 → 2024
EBIT margin
5.8%▲ 4.1pp
2021 · 1.6%
2018: -0.1%
2019: 0.8%
2020: 0.9%
2021: 1.6%
2018 → 2024
Net result
€475k▲ 52.1%
2023 · €312k
2018: €-55k
2019: €12k
2020: €4k
2021: €54k
2022: €155k
2023: €312k
2018 → 2024
Working capital
€560k▲ 2,683%
2023 · €20k
2018: €441k
2019: €281k
2020: €294k
2021: €451k
2022: €48k
2023: €20k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€7.98M-€8.29M▲ 3.8%€11.50M
Equity€518k-€572k▲ 10.4%€337k▼ 41.1%€349k▲ 3.6%€824k▲ 136%
Operating result€71k-€136k▲ 92.1%€273k▲ 101%€485k▲ 77.6%€666k▲ 37.2%
Net result€4k-€54k▲ 1,176%€155k▲ 188%€312k▲ 101%€475k▲ 52.1%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 37% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.05M
Fixed assets
€299k ▼ 9.2%
Current assets
€3.75M ▼ 16.0%
Equity and liabilities €4.05M
Equity
€824k ▲ 136%
Debt
€3.23M ▼ 27.5%
Debt's share of the balance-sheet total falls from 92.7% to 79.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€732k▲
2023 · €565k
Cash flow
€541k▲
2023 · €391k
Current ratio
1.18▲
2023 · 1.00
Quick ratio
1.02▲
2023 · 0.89
Debt to equity
3.92▼
2023 · 12.74
ROE
57.6%▼
2023 · 89.4%
ROA
11.7%▲
2023 · 6.5%
Interest coverage
17.46▲
2023 · 7.60
Debt ≤ 1 year
€3.19M▼
2023 · €4.45M
Debt > 1 year
€35k
Income taxes
€175k▲
2023 · €116k
Staff costs
€3.59M▲
2023 · €3.55M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 83 lines
Balance sheet
Code20232024
Assets
Total assets20/58€4.80M€4.05M▼
Fixed assets21/28€329k€299k▼
Intangible fixed assets21€0-
Tangible fixed assets22/27€232k€193k▼
Plant, machinery and equipment23€13k€7k▼
Furniture and vehicles24€108k€85k▼
Other tangible fixed assets26€112k€100k▼
Financial fixed assets28€97k€106k▲
Other financial fixed assets284/8-€106k
Shares284-€1k
Amounts receivable and cash guarantees285/8-€105k
Current assets29/58€4.47M€3.75M▼
Stocks and contracts in progress3€531k€490k▼
Stocks30/36€520k€490k▼
Goods purchased for resale34-€490k
Contracts in progress37€10k-
Amounts receivable within one year40/41€2.73M€2.29M▼
Trade receivables40€2.52M€2.15M▼
Other amounts receivable41€206k€139k▼
Current investments50/53€218k€6k▼
Other investments51/53-€6k
Cash at bank and in hand54/58€962k€935k▼
Deferred charges and accrued income490/1€32k€35k▲
Equity and liabilities
Total equity and liabilities10/49€4.80M€4.05M▼
Equity10/15€349k€824k▲
Contributions10/11€300k€300k=
Capital10€300k€300k=
Issued capital100€300k€300k=
Reserves13€30k€520k▲
Non-distributable reserves130/1€30k€30k=
Legal reserve130€30k€30k=
Distributable reserves133-€490k
Profit (loss) carried forward14€19k€4k▼
Amounts payable17/49€4.45M€3.23M▼
Amounts payable after more than one year17-€35k
Financial debts170/4-€35k
Credit institutions173-€35k
Amounts payable within one year42/48€4.45M€3.19M▼
Current portion of amounts payable after more than one year42€175k€215k▲
Financial debts43€450k€200k▼
Credit institutions430/8€450k€200k▼
Trade debts44€2.02M€1.60M▼
Suppliers440/4€2.02M€1.60M▼
Advances received on contracts in progress46€740k€235k▼
Taxes, remuneration and social security45€476k€497k▲
Taxes450/3€26k€52k▲
Remuneration and social security454/9€450k€446k▼
Other amounts payable47/48€590k€449k▼
Income statement
Code20232024
Operating income70/76A-€12.24M
Turnover70-€11.50M
Change in stocks of work in progress, finished goods and contracts in progress71-€494k
Other operating income74-€252k
Operating charges60/66A-€11.58M
Goods for resale, raw materials and consumables60-€6.71M
Purchases600/8-€6.68M
Change in stocks: decrease (increase)609-€30k
Services and other goods61-€1.17M
Remuneration, social security and pensions62€3.55M€3.59M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€79k€66k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-7k€28k▲
Other operating charges640/8€7k€8k▲
Gross operating margin9900€4.11M-
Operating profit (loss)9901€485k€666k▲
Financial income75/76B€17k€29k▲
Recurring financial income75€17k€29k▲
Income from current assets751-€5k
Other financial income752/9-€24k
Financial charges65/66B€74k€45k▼
Recurring financial charges65€74k€45k▼
Debt charges650-€42k
Other financial charges652/9-€3k
Profit (loss) for the period before taxes9903€428k€650k▲
Income taxes67/77€116k€175k▲
Taxes670/3-€175k
Profit (loss) for the period9904€312k€475k▲
Profit (loss) for the period to be appropriated9905€312k€475k▲
Appropriation of the result
Profit (loss) to be appropriated9906€319k€494k▲
Profit (loss) brought forward from the previous period14P€7k€19k▲
Transfer to equity691/2-€490k
To other reserves6921-€490k
Profit to be distributed694/7€300k-
Return on contributions (dividend)694€300k-
Social balance
Average headcount (FTE)908766.867.5▲
The notes to these accounts (62 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
15-09
State Gazette act
Reappointment: PITON & Cie Réviseurs d'Entreprises SRL (statutory auditor)Permanent representative: Valérie PITON3 facts ▸
State Gazette act
Reappointment: PITON & Cie Réviseurs d'Entreprises SRL (statutory auditor)
Permanent representative: Valérie PITON3 facts ▸
- General meeting, 18-06-2026
- Auditor reappointment, PITON & Cie Réviseurs d'Entreprises SRL (statutory auditor)
- Permanent representative, Valérie PITON (permanent representative)
25-03
State Gazette act
Resignation: Manuelle SCHENE (director)Appointment: Mélanie MEYS (director) · Director discharge · Mandate compensation6 facts ▸
State Gazette act
Resignation: Manuelle SCHENE (director)
Appointment: Mélanie MEYS (director) · Director discharge · Mandate compensation6 facts ▸
- General meeting, 30/06/2025
- Director resignation, Manuelle SCHENE (director)
- Director discharge, Manuelle SCHENE (director)
- Director appointment, Mélanie MEYS (director)
- Mandate compensation, Mélanie MEYS
- Power of attorney, Maureen RENTIER
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €475k ▲52.1%
Operating result €666k, net result €475k, both a record.
31-12
Financial
Equity above €500kEq €824k ▲136%
6 profitable years in a row build equity to €824k.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
02-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 67 days late
2019
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Show earlier events
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
06-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
10-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2025
Mélanie MEYS
CurrentDirector · since 30-06-2025
30-06-2025
Mélanie MEYS: Appointed as Director
30-06-2025
Manuelle SCHENE: Resigned as Director
Location & real-estate footprint
Registered office, Soumagne · 1 establishment unit since 1982
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.
Avenue de la Résistance 5304630 SoumagneGround area
141 m²
Building footprint
51 m²
Volume, LiDAR
462 m³
Parcel 62099A0093/00G003, Wallonia · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Avenue de la Résistance 530, 4630 Soumagne
since 19822.020.016.288
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62099A0093/00G003 | Wallonia | 141 m² | 1 · 50 m² | 10.3 m · 3 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.
Statutory auditor
1 auditor| PITON & Cie Réviseurs d'entreprises SRLCurrent Statutory auditor · represented by Valérie PITON | 15-09-2026 → present |
Recognitions · licences · registrations
Recognised contractor
4 categoriesKS SEPPI S.A.17655
Similar companies · same sector, comparable size
ELEMEC
BE 0887.944.631
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BE 0788.514.186
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VAN DER BIEST ELEKTRICITEITSWERKEN
BE 0555.644.605
Sint-Lievens-Houtem · Eq €824,867
COMPELEK
BE 0878.177.820
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BELLTON
BE 0821.773.211
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Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 5,222 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded04-12-1981
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
47789Other retail sale of new goods
Sources
Crossroads Bank for EnterprisesNational Bank · 43 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:meys.bruno@seppi.be