SESECO
ActiveSESECO has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €80k and a net result of €-93k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 49% of 13091 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
46
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-68
Solvency55▼-45
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity short (current ratio 0.9 against 3.69 in 2024; short-term debt: 70.3% and cash: 54.7% of total assets), and 70.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 56
Relative position
BE, all sectors
reference
Sector 56
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
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
29.7%
Return on assets
-34.4%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-93k
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
4 d late
2023
27 d late
2022
29 d late
2021
3 d late
2020
2 d late
2019
21 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€80k▼ 75.1%
2024 · €323k
2018: €-338k
2019: €-341k
2020: €145k
2021: €305k
2022: €344k
2023: €327k
2024: €323k
2018 → 2025
Total assets
€270k▼ 33.8%
2024 · €409k
2018: €331k
2019: €270k
2020: €231k
2021: €394k
2022: €425k
2023: €408k
2024: €409k
2018 → 2025
Net result
€-93k▼ 2,275%
2024 · €-4k
2018: €-81k
2019: €-3k
2020: €13k
2021: €160k
2022: €39k
2023: €-17k
2024: €-4k
2018 → 2025
Working capital
€-20k
2024 · €202k
2018: €-32k
2019: €4k
2020: €61k
2021: €201k
2022: €201k
2023: €200k
2024: €202k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€305k-€344k▲ 12.7%€327k▼ 4.8%€323k▼ 1.2%€80k▼ 75.1%
Operating result€179k-€41k▼ 77.2%€-14k€-3k▲ 80.6%€-90k▼ 3,157%
Net result€160k-€39k▼ 75.9%€-17k€-4k▲ 76.4%€-93k▼ 2,275%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €90k in 2025 against €3k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €270k
Fixed assets
€100k▼ 23.6%
Current assets
€170k▼ 38.7%
Equity and liabilities €270k
Equity
€80k▼ 75.1%
Debt
€190k▲ 123%
The debt ratio rises from 20.8% to 70.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-31k▼
2024 · €48k
Cash flow
€-34k▼
2024 · €47k
Solvency
29.7%▼
2024 · 79.2%
Current ratio
0.90▼
2024 · 3.69
Quick ratio
0.84▼
2024 · 3.57
Debt / equity
2.36▲
2024 · 0.26
ROE
-115.8%▼
2024 · -1.2%
ROA
-34.4%▼
2024 · -1.0%
Interest coverage
-9.31▼
2024 · 13.77
Debt
€190k▲
2024 · €85k
Debt ≤ 1 year
€190k▲
2024 · €75k
Income taxes
€104
Staff costs
€292k▼
2024 · €292k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€409k€270k▼
Fixed assets21/28€131k€100k▼
Tangible fixed assets22/27€131k€98k▼
Plant, machinery and equipment23€37k€30k▼
Furniture and vehicles24€9k€19k▲
Other tangible fixed assets26€84k€50k▼
Financial fixed assets28€800€2k▲
Current assets29/58€277k€170k▼
Amounts receivable after more than one year29€30k€0▼
Trade receivables290€30k-
Other amounts receivable291-€0
Stocks and contracts in progress3€9k€10k▲
Stocks30/36€9k€10k▲
Amounts receivable within one year40/41€3k€6k▲
Trade receivables40€3k€5k▲
Other amounts receivable41€545€1k▲
Cash at bank and in hand54/58€232k€148k▼
Deferred charges and accrued income490/1€3k€6k▲
Equity and liabilities
Total equity and liabilities10/49€409k€270k▼
Equity10/15€323k€80k▼
Contributions10/11€132k€132k=
Profit (loss) carried forward14€191k€-52k▼
Amounts payable17/49€85k€190k▲
Amounts payable within one year42/48€75k€190k▲
Financial debts43€184€108▼
Credit institutions430/8€184€108▼
Trade debts44€28k€74k▲
Suppliers440/4€28k€74k▲
Advances received on contracts in progress46€300€3k▲
Taxes, remuneration and social security45€47k€47k▲
Taxes450/3€15k€11k▼
Remuneration and social security454/9€31k€37k▲
Other amounts payable47/48€531€66k▲
Accrued charges and deferred income492/3€10k€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€292k€292k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€51k€59k▲
Other operating charges640/8€3k€3k▼
Gross operating margin9900€343k€263k▼
Operating profit (loss)9901€-3k€-90k▼
Financial income75/76B€2k€459▼
Recurring financial income75€2k€459▼
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€-4k€-93k▼
Income taxes67/77-€104
Profit (loss) for the period9904€-4k€-93k▼
Profit (loss) for the period to be appropriated9905€-4k€-93k▼
Appropriation of the result
Profit (loss) to be appropriated9906€191k€98k▼
Profit (loss) brought forward from the previous period14P€195k€191k▼
Profit to be distributed694/7-€150k
Return on contributions (dividend)694-€150k
Social balance
Average headcount (FTE)90874.1-
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-93k
Net result drops to €-93k, the lowest in the series.
04-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 4 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 27 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
2022
03-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 3 days late
2021
31-12
Financial
Highest result since 2018net €160k ▲1128%
Operating result €179k, net result €160k, both a record.
31-12
Financial
Equity above €200kEq €305k ▲111%
2 profitable years in a row build equity to €305k.
02-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 2 days late
2020
31-12
Financial
Back to profitnet €13k
Net result €13k after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 2.59
Current ratio from 1.05 to 2.59; short-term debt falls from €76k to €39k.
31-12
Financial
Equity above €100kEq €145k
Equity rises from €-341k to €145k.
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 21 days late
2019
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Mortsel · 1 establishment unit since 2016
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.
Floralaan 792640 MortselGround area
249 m²
Building footprint
249 m²
Volume, LiDAR
1,745 m³
Parcel 11513C0253/00P005, Flanders · tallest building 15.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Vjeu-Djeu
since 20162.251.122.946
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11513C0253/00P005 | Flanders | 249 m² | 1 · 249 m² | 15.1 m · 2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteMortsel2.251.122.946
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Of 20,510 companies in sector 56111 we hold annual accounts for 11,456. 9,757 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-04-2004
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
56210Event catering
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.