Sepro
ActiveSummary
Sepro has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.76M and a net result of €1.10M. Equity is growing by ~52.1% per year across the filed fiscal years. Its solvency ranks better than 88% of 19356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+70
Solvency100▲+30
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140k at 30 days acceptable
Liquidity ample (current ratio 28.87 against 0.01 in 2023; short-term debt: 2% and cash: 7.5% of total assets), and 14.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
85.8%
Return on assets
53.7%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
30 d late
2022
107 d late
2021
58 d late
2020
19 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€1.76M▲ 167%
2023 · €661k
2020: €134klowest in 5 years
2021: €565k▲ +321% vs 2020
2022: €712k▲ +25.9% vs 2021
2023: €661k▼ -7.2% vs 2022
2024: €1.76M▲ +167% vs 2023highest in 5 years
2020 → 2024
Total assets
€2.06M▲ 40.1%
2023 · €1.47M
2020: €303klowest in 5 years
2021: €1.23M▲ +308% vs 2020
2022: €1.70M▲ +38.0% vs 2021
2023: €1.47M▼ -13.7% vs 2022
2024: €2.06M▲ +40.1% vs 2023highest in 5 years
2020 → 2024
Net result
€1.10M
2023 · €-51k
2020: €132k
2021: €431k▲ +227% vs 2020
2022: €147k▼ -66.0% vs 2021
2023: €-51k▼ -135% vs 2022lowest in 5 years
2024: €1.10M▲ +2261% vs 2023highest in 5 years
2020 → 2024
Working capital
€1.14M
2023 · €-383k
2020: €25k
2021: €-110k▼ -547% vs 2020
2022: €-369k▼ -236% vs 2021
2023: €-383k▼ -3.7% vs 2022lowest in 5 years
2024: €1.14M▲ +398% vs 2023highest in 5 years
2020 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€134k-€565k▲ 321%€712k▲ 25.9%€661k▼ 7.2%€1.76M▲ 167%
2020: €134klowest in 5 years
2021: €565k▲ +321% vs 2020
2022: €712k▲ +25.9% vs 2021
2023: €661k▼ -7.2% vs 2022
2024: €1.76M▲ +167% vs 2023highest in 5 years
Operating result€169k-€577k▲ 242%€206k▼ 64.2%€-23k€1.47M
2020: €169k
2021: €577k▲ +242% vs 2020
2022: €206k▼ -64.2% vs 2021
2023: €-23k▼ -111% vs 2022lowest in 5 years
2024: €1.47M▲ +6458% vs 2023highest in 5 years
Net result€132k-€431k▲ 227%€147k▼ 66.0%€-51k€1.10M
2020: €132k
2021: €431k▲ +227% vs 2020
2022: €147k▼ -66.0% vs 2021
2023: €-51k▼ -135% vs 2022lowest in 5 years
2024: €1.10M▲ +2261% vs 2023highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €1.47M after a loss of €23k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.06M
Fixed assets
€875k ▼ 40.2%
Current assets
€1.18M ▲ 22,185%
Equity and liabilities €2.06M
Equity
€1.76M ▲ 167%
Debt
€293k ▼ 63.8%
Debt's share of the balance-sheet total falls from 55.0% to 14.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.51M▲
2023 · €53k
Cash flow
€1.14M▲
2023 · €25k
Current ratio
28.87▲
2023 · 0.01
Quick ratio
28.33▲
2023 · 0.01
Debt to equity
0.17▼
2023 · 1.22
ROE
62.6%▲
2023 · -7.7%
ROA
53.7%▲
2023 · -3.5%
Interest coverage
133.69▲
2023 · 1.89
Debt ≤ 1 year
€41k▼
2023 · €388k
Debt > 1 year
€252k▼
2023 · €420k
Income taxes
€354k▲
2023 · €271
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 · 47 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.47M€2.06M▲
Fixed assets21/28€1.46M€875k▼
Tangible fixed assets22/27€1.46M€875k▼
Land and buildings22€1.42M€875k▼
Plant, machinery and equipment23€2k€583▼
Furniture and vehicles24€28k-
Assets under construction and advance payments27€18k-
Current assets29/58€5k€1.18M▲
Stocks and contracts in progress3-€22k
Stocks30/36-€22k
Amounts receivable within one year40/41-€1.01M
Trade receivables40-€7k
Other amounts receivable41-€999k
Cash at bank and in hand54/58€3k€155k▲
Deferred charges and accrued income490/1€2k-
Equity and liabilities
Total equity and liabilities10/49€1.47M€2.06M▲
Equity10/15€661k€1.76M▲
Contributions10/11€3k€3k=
Reserves13€658k€1.76M▲
Distributable reserves133€658k€1.76M▲
Amounts payable17/49€808k€293k▼
Amounts payable after more than one year17€420k€252k▼
Financial debts170/4€420k€252k▼
Amounts payable within one year42/48€388k€41k▼
Current portion of amounts payable after more than one year42€20k€13k▼
Trade debts44€56k€2k▼
Suppliers440/4€56k€2k▼
Taxes, remuneration and social security45€11k€26k▲
Taxes450/3€11k€26k▲
Other amounts payable47/48€301k-
Income statement
Code20232024
Non-recurring operating income76A-€156k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€76k€39k▼
Other operating charges640/8€13k€5k▼
Gross operating margin9900€65k€1.51M▲
Operating profit (loss)9901€-23k€1.47M▲
Financial income75/76B€86€97▲
Recurring financial income75€86€97▲
Financial charges65/66B€28k€11k▼
Recurring financial charges65€28k€11k▼
Profit (loss) for the period before taxes9903€-51k€1.46M▲
Income taxes67/77€271€354k▲
Profit (loss) for the period9904€-51k€1.10M▲
Profit (loss) for the period to be appropriated9905€-51k€1.10M▲
Appropriation of the result
Profit (loss) to be appropriated9906€-51k€1.10M▲
Transfer from equity791/2€51k-
Transfer to equity691/2-€1.10M
To other reserves6921-€1.10M
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €32k | - | €156k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €544 | €5k | €4k | €76k | €39k | ▼ 47.9% |
| Other operating charges640/8 | - | €1k | €84k | €13k | €5k | ▼ 57.7% |
| Non-recurring operating charges66A | - | - | €24k | - | - | - |
| Gross operating margin9900 | €179k | €583k | €319k | €65k | €1.51M | ▲ 2,219% |
| Operating profit (loss)9901 | €169k | €577k | €206k | €-23k | €1.47M | ▲ 6,458% |
| Financial income75/76B | - | €46 | €0 | €86 | €97 | ▲ 13.2% |
| Recurring financial income75 | - | €46 | €0 | €86 | €97 | ▲ 13.2% |
| Financial charges65/66B | - | €9k | €17k | €28k | €11k | ▼ 59.4% |
| Recurring financial charges65 | €1k | €9k | €17k | €28k | €11k | ▼ 59.4% |
| Profit (loss) for the period before taxes9903 | €167k | €568k | €190k | €-51k | €1.46M | ▲ 2,968% |
| Income taxes67/77 | €36k | €137k | €43k | €271 | €354k | ▲ 130,436% |
| Profit (loss) for the period9904 | €132k | €431k | €147k | €-51k | €1.10M | ▲ 2,261% |
| Profit (loss) for the period to be appropriated9905 | €132k | €431k | €147k | €-51k | €1.10M | ▲ 2,261% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €303k | €1.23M | €1.70M | €1.47M | €2.06M | ▲ 40.1% |
| Fixed assets21/28 | €235k | €1.15M | €1.52M | €1.46M | €875k | ▼ 40.2% |
| Tangible fixed assets22/27 | €235k | €1.15M | €1.52M | €1.46M | €875k | ▼ 40.2% |
| Land and buildings22 | - | - | - | €1.42M | €875k | ▼ 38.2% |
| Plant, machinery and equipment23 | - | €4k | €4k | €2k | €583 | ▼ 71.4% |
| Furniture and vehicles24 | - | €19k | €43k | €28k | - | - |
| Assets under construction and advance payments27 | - | €1.13M | €1.47M | €18k | - | - |
| Current assets29/58 | €68k | €83k | €181k | €5k | €1.18M | ▲ 22,185% |
| Stocks and contracts in progress3 | - | - | - | - | €22k | - |
| Stocks30/36 | - | - | - | - | €22k | - |
| Amounts receivable within one year40/41 | €33k | €69k | €97k | - | €1.01M | - |
| Trade receivables40 | - | €69k | €36k | - | €7k | - |
| Other amounts receivable41 | - | - | €61k | - | €999k | - |
| Cash at bank and in hand54/58 | €33k | €10k | €80k | €3k | €155k | ▲ 5,375% |
| Deferred charges and accrued income490/1 | - | €5k | €3k | €2k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €303k | €1.23M | €1.70M | €1.47M | €2.06M | ▲ 40.1% |
| Equity10/15 | €134k | €565k | €712k | €661k | €1.76M | ▲ 167% |
| Contributions10/11 | - | €3k | €3k | €3k | €3k | = |
| Reserves13 | €132k | €563k | €709k | €658k | €1.76M | ▲ 168% |
| Distributable reserves133 | - | €563k | €709k | €658k | €1.76M | ▲ 168% |
| Amounts payable17/49 | €168k | €668k | €990k | €808k | €293k | ▼ 63.8% |
| Amounts payable after more than one year17 | €125k | €475k | €441k | €420k | €252k | ▼ 40.1% |
| Financial debts170/4 | - | €475k | €441k | €420k | €252k | ▼ 40.1% |
| Amounts payable within one year42/48 | €43k | €193k | €549k | €388k | €41k | ▼ 89.4% |
| Current portion of amounts payable after more than one year42 | - | - | €145k | €20k | €13k | ▼ 35.7% |
| Trade debts44 | €4k | €13k | €16k | €56k | €2k | ▼ 96.2% |
| Suppliers440/4 | - | €13k | €16k | €56k | €2k | ▼ 96.2% |
| Taxes, remuneration and social security45 | - | €176k | €191k | €11k | €26k | ▲ 130% |
| Taxes450/3 | - | €176k | €191k | €11k | €26k | ▲ 130% |
| Other amounts payable47/48 | - | €5k | €198k | €301k | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €132k | €431k | €147k | €-51k | €1.10M | ▲ 2,261% |
| + Depreciation and write-downs630 | €544 | €5k | €4k | €76k | €39k | ▼ 47.9% |
| Operating cash flow (approximation) | €132k | €436k | €151k | €25k | €1.14M | ▲ 4,537% |
| Investment in fixed assets (approximation) | - | €-920k | €-375k | €-18k | €549k | ▲ 3,115% |
| Change in cash | - | €-24k | €71k | €-77k | €152k | ▲ 296% |
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
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Back to profitnet €1.10M
Net result €1.10M after one loss-making year.
31-12
Financial
Liquidity times 2110current ratio 28.87
Current ratio from 0.01 to 28.87; short-term debt falls from €388k to €41k.
31-12
Financial
Equity above €1MEq €1.76M ▲167%
Equity rises from €661k to €1.76M.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-51k
Net result drops to €-51k, the lowest in the series; recovery starts the following year.
15-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 107 days late
2022
27-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 58 days late
2021
31-12
Financial
Equity above €500kEq €565k ▲321%
2 profitable years in a row build equity to €565k.
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Wuustwezel · 1 establishment unit since 2020
Ground area
1,112 m²
Building footprint
197 m²
Volume, LiDAR
129 m³
Parcel 11053C0074/00G002, Flanders · tallest building 8.3 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
SEPRO
since 20202.299.014.024
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11053C0074/00G002 | Flanders | 1,112 m² | 1 · 197 m² | 8.3 m · 1 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 262 EUR awarded · 262 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 262 EUR | 262 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 3,761 companies in sector 68321 we hold annual accounts for 1,391. 684 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
Founded05-02-2020
Fiscal year end31-12
Activities, NACEBEL 2025
68321Property management for co-owned buildings (syndics)
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
73110Advertising agencies
74301Translation services
Contact
E-mail
w.halans@live.be
Scores and ratios are computed by Checked and are not a credit decision.