Equity
€761,544 ▲ 2.0%
SES-EUPEN paid out €80,000 in dividends. That is 84% of the 2025 profit.
SES-EUPEN
Lifetime
20 annual accounts with figures on one time axis, 33 filings since 1993peak €715,880 (2008)
€653,984▼ 4.1%
lowest -€26,046 (2009)
€95,117▲ 22.5%
peak €761,544 (2025)
€761,544▲ 2.0%
€483,700▼ 10.3%
peak 9.1 FTE (2006)
6.5 FTE▼ 4.4%
Board8 names since 2018
7 directorsSES STERLING SA and 6 others
Owners3 names in the annual accounts
consolidatesSES STERLING and 1 other
Documentsfilings and deeds
22-06-202639 days before the deadline
2025financial year
Dividend €80,000
Key points
from the 2025 annual accountsChecked score
96
Excellent
Financially stronger than 66% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%highest value
01-2025: < 0.1%● unchanged vs 12-2024highest value
02-2025: < 0.1%● unchanged vs 01-2025highest value
03-2025: < 0.1%● unchanged vs 02-2025highest value
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026
09-2026: < 0.1%● unchanged vs 08-2026
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
lowers risk
Liquidity: current ratio 2.03, cash €424,300
Founded in 1993
Equity €761,544 (61.2% of total assets)
Profit of €95,117 (financial year 2025)
Calculation
The band follows from the bankruptcy probability. 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 46, micro). It does better than 67% of them on solvency, 79% on liquidity, 70% on profitability and 48% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 31,368 companies had the same profile as SES-EUPEN has now. Each dot stands for 79 companies, two years later.
93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SES-EUPEN itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for SES-EUPEN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €70,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.03 (1.89 in 2024), above the usual 1.5. Short-term debt is 38.8% and cash 34.1% of total assets. 38.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-06-2026, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
39 days early
2024
50 days early
2023
48 days early
2022
on the day
2021
47 days early
2020
16 days early
2019
14 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 27 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 14 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
LD
LAURYSSENS Didier
Director, since 27-03-2026
- SES STERLING consolidatesannual accounts 2025
- SES STERLING INDUSTRIE HOLDING SA consolidatesannual accounts 2025
Recent changes
Resignation: Christel RAUW (managing director)
General meeting of 05-06-2026 · Gazette deed
Appointment: Nadine SAUGY (director)
General meeting of 27-03-2026 · Gazette deed
2 directors appointed, 1 resignation, 3 reappointments
Resignation: SES STERLING SA · Reappointments: ROLLIER Daniel, SES STERLING INDUSTRIE-HOLDING AG and RAUW Christine Elisabeth · Permanent representative: FIMBEL Bernard Maurice · Gazette deed
1 director appointed, 1 resignation, 1 reappointment
Resignation: Patrick EGEA · Appointment: Daniel ROLLIER (chair of the board) · Reappointment: SES STERLING INDUSTRIE HOLDING · General meeting of 04-06-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SES-EUPEN Eupen | €1.2m | €653,984 | 61.2% | 6.5 |
| V. JODI Lanaken | €1.4m | €692,501 | 71.4% | 6.4 |
| PICS Antwerp | €1.1m | €544,762 | 16.2% | 5.9 |
| ITRA Erpe-Mere | €1.2m | €534,993 | 30.2% | 5.3 |
| REA JET BENELUX Hannut | €1.0m | €595,681 | 23.4% | 6 |
| Drouguet Soudage Theux | €1.0m | €726,355 | 70.9% | 6.7 |
| HORECA DEPANNAGE Dison | €0.9m | €556,783 | 50.5% | 6.5 |
These companies have the same main activity as SES-EUPEN: wholesale of other machinery and equipment (NACE 46649). They are comparable in size and age: total assets between €918,000 and €1.4m, founded between 1990 and 1997.
Official details
Source: KBO- Status
- Active since 09-04-1993Normal situation
- Activity
- Wholesale of other machinery and equipmentNACE 46649and 1 other
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.061.820.9144700 Eupen, since 26-04-1993
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- ≈ €3.3mestimated
- €1.2m▼ 3.2%
- Employeeson 31-12-2025
- 8=
- Filing
- Filed on 22-06-2026, 39 days before the end of the filing period
Insights on SES-EUPEN
SES-EUPEN has been active since 1993 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €761,544 and a net result of €95,117.
Equity has been stable since 2018 (±1.7% per year). Its solvency ranks better than 68% of 6,192 sector peers (NACE 46, financial year 2025).
The computed 12-month bankruptcy probability is below 0.1% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SES-EUPEN
- What is the company number of SES-EUPEN?
- The company number of SES-EUPEN is 0449.720.803. The VAT number is the same number with BE in front: BE 0449.720.803.
- Where is SES-EUPEN based?
- The registered office is at Textilstrasse 1, 4700 Eupen.Company details
- What does SES-EUPEN do?
- According to the KBO register, the main activity is wholesale of other machinery and equipment (NACE 46649).
- What is the legal form of SES-EUPEN?
- SES-EUPEN is a public limited company (NV).
- When was SES-EUPEN founded?
- SES-EUPEN was founded on 09-04-1993.
- Is SES-EUPEN still active?
- Yes, SES-EUPEN is an active enterprise in the KBO register.
- How many employees does SES-EUPEN have?
- SES-EUPEN had an average of 6.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does SES-EUPEN fall under?
- In its 2025 annual accounts, SES-EUPEN states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of SES-EUPEN?
- The turnover in financial year 2025 is ≈ €3.3m. This figure is estimated from the gross margin of €653,984 and 139 comparable companies (NACE 46). It probably lies between €2.1m and €5.6m.
- Is SES-EUPEN profitable?
- In financial year 2025, SES-EUPEN made a profit of €95,117.
- Where can I find the annual accounts of SES-EUPEN?
- SES-EUPEN filed 33 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SES-EUPEN due?
- SES-EUPEN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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