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SESSELLE - MATTHEEUWS

Active
Private limited companyfounded 1992active for 34 yearsKarreweg 45, 9870 Zulte, BelgiumKBO/BCE: BE 0447.669.549
Summary

SESSELLE - MATTHEEUWS has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.5m and a net result of €506,751. Equity has been stable since 2018 (±1.5% per year). Its solvency ranks better than 61% of 9,848 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Official details

Source: KBO
Status
Active since 29-06-1992 Normal situation
Activity
Wholesale of timber NACE 46832
Joint committee
125.03 Paritair Subcomité voor de houthandel · annual accounts 2025
Establishment unit
2.058.171.338 9870 Zulte, since 07-07-1992
Financial year end
31 December
Peppol
Reachable since 09-01-2026

Board and ownership

Board
  • MATTHEEUWS RichardDirector
  • SELEQ CommVDirector
  • TIPING CommVDirector
Shareholders

Financial position

95 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Annual accounts 2025
Gross margin
€922,991
▼ 11.0%
Turnover
≈ €4.7m
estimated
Profit
€506,751
▼ 18.1%
Equity
€3.5m
▼ 2.6%
Total assets
€6.5m
=
Employees on 31-12-2025
1
=
  • 2025 accounts filed 27 days after the deadline
Score breakdownraises riskLast filed accounts filed 27 days late; 1 of the last 3 accounts latelowers riskSize: 1 FTE, total assets €6.5mFounded in 1992Liquidity: current ratio 2.52, cash €1.7mShow the evidence

Checked score

Score 2025
95 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 60% of micro companies in wholesale trade (NACE 46)
Financial strength · tick: 2024
Strong
Solvency 79-2
equity 54.1% of total assets
Liquidity 69+3
short-term debt 32.3% · cash 26.2%
Profitability 79-2
return on assets 7.8%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,899 companies, NACE 46, micro)
Last 24 months 12-2024: 0.2% 01-2025: 0.6%▲ +0.4 percentage points vs 12-2024 02-2025: 0.3%▼ -0.3 percentage points vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.4%▲ +0.1 percentage points vs 03-2025 05-2025: 0.4%● unchanged vs 04-2025 06-2025: 0.4%● unchanged vs 05-2025 07-2025: 0.4%● unchanged vs 06-2025 08-2025: 0.6%▲ +0.2 percentage points vs 07-2025highest value 09-2025: < 0.1%▼ -0.6 percentage points 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 01-2026lowest value 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%▲ +0.1 percentage points vs 07-2026 09-2026: < 0.1%▼ -0.1 percentage points vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026 11-2026: < 0.1%● unchanged vs 10-2026
Credit of up to €330,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.52 (2.93 in 2024), above the usual 1.5. Short-term debt is 32.3% and cash 26.2% of total assets. 45.9% of the assets are financed with debt and provisions.
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 61% of them on solvency, 74% on liquidity, 70% on profitability and 35% on growth.

The bankruptcy probability was computed on 02-11-2026 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.

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).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
lowers risk · Size: 1 FTE, total assets €6.5m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Founded in 1992
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Liquidity: current ratio 2.52, cash €1.7m
NBB · annual accounts
raises risk · Last filed accounts filed 27 days late; 1 of the last 3 accounts late
NBB · filings
raises risk · 2025 accounts filed 27 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
27 days late
2024
25 days late
2023
174 days late
2022
5 days early
2021
38 days early
2020
33 days early
2019
46 days early
← 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 15 days after 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 25 August (4 of the last 5 accounts filed within 63 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: More equity than 95% of companies in wholesale tradesector median €364,704 · 9,844 companies €3.5m View
  • Positive: 8 profitable years in a rowprofit 2025: €506,751 8 years View

Recent changes

  1. · Gazette deed Incorporation
All 13 events

Comparable companies

These companies have the same main activity as SESSELLE - MATTHEEUWS: wholesale of timber (NACE 46832). They are comparable in size and age: total assets between €3.2m and €5.7m, founded between 1978 and 1995.

CompanyTotal assetsGross margin
SESSELLE - MATTHEEUWS Zulte€6.5m€0.9m
TIMBERTECH Deinze€4.9m€1.1m
Brouwers Hout Olen€5.7m€1.2m
VAN RENTERGHEM Dentergem€3.2m€0.6m
INTERNATIONAL WOOD TRADE Havelange€4.2m€0.8m
POHLEN AG Eupen€4.4m€0.8m
INNOVATIVE TRADING & SERVICES Ukkel€3.6m€0.4m
Full comparison

Key facts about SESSELLE - MATTHEEUWS

What is the company number of SESSELLE - MATTHEEUWS?
The company number of SESSELLE - MATTHEEUWS is 0447.669.549. The VAT number is the same number with BE in front: BE 0447.669.549.
Where is SESSELLE - MATTHEEUWS based?
The registered office is at Karreweg 45, 9870 Zulte.Company details
What does SESSELLE - MATTHEEUWS do?
According to the KBO register, the main activity is wholesale of timber (NACE 46832).
What is the legal form of SESSELLE - MATTHEEUWS?
The legal form of SESSELLE - MATTHEEUWS is Private limited company (BV).
When was SESSELLE - MATTHEEUWS founded?
SESSELLE - MATTHEEUWS was founded on 29-06-1992.
Is SESSELLE - MATTHEEUWS still active?
Yes, SESSELLE - MATTHEEUWS is an active enterprise in the KBO register.
How many employees does SESSELLE - MATTHEEUWS have?
SESSELLE - MATTHEEUWS had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does SESSELLE - MATTHEEUWS fall under?
In its 2025 annual accounts, SESSELLE - MATTHEEUWS states joint committee 125.03 (Paritair Subcomité voor de houthandel).
What is the turnover of SESSELLE - MATTHEEUWS?
The turnover in financial year 2025 is ≈ €4.7m. This figure is estimated from the gross margin of €922,991 and 138 comparable companies (NACE 46). It probably lies between €3.0m and €8.0m.
Is SESSELLE - MATTHEEUWS profitable?
In financial year 2025, SESSELLE - MATTHEEUWS made a profit of €506,751.
Where can I find the annual accounts of SESSELLE - MATTHEEUWS?
SESSELLE - MATTHEEUWS filed 34 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of SESSELLE - MATTHEEUWS due?
SESSELLE - MATTHEEUWS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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