SEVA
ActiveSummary
SEVA has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18,042 and a net result of -€4,540. Equity is shrinking by ~13.3% per year across the filed fiscal years. Its solvency ranks better than 90% of 28281 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency100▲+6
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 7.16 against 4.04 in 2024; short-term debt: 14% and cash: 58.8% of total assets), and 14% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
86%
Return on assets
-21.6%
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 -€4,540
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
28 d late
2023
29 d late
2022
53 d early
2021
109 d late
2020
31 d late
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 21 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 28 August (5 of the last 5 filed years within 81 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€18,042▼ 20.1%
2024 · €22,582
Total assets
€20,972▼ 35.5%
2024 · €32,494
Net result
-€4,540▲ 56.0%
2024 · -€10,321
Working capital
€18,042▲ 111%
2024 · €8,546
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€10,696▼ 21.2%€1,720€3,383▲ 96.7%-€10,179-€4,413▲ 56.6%
Net result-€10,901below the sector's middle half▼ 21.1%€1,485within the sector's middle half€3,118within the sector's middle half▲ 110%-€10,321below the sector's middle half-€4,540below the sector's middle half▲ 56.0%
Equity€28,299within the sector's middle half▼ 27.8%€29,785within the sector's middle half▲ 5.2%€32,902within the sector's middle half▲ 10.5%€22,582within the sector's middle half▼ 31.4%€18,042below the sector's middle half▼ 20.1%
Total assets€31,259below the sector's middle half▼ 30.6%€36,867below the sector's middle half▲ 17.9%€53,077below the sector's middle half▲ 44.0%€32,494below the sector's middle half▼ 38.8%€20,972below the sector's middle half▼ 35.5%
Debt€2,960▼ 49.1%€7,082▲ 139%€20,175▲ 185%€9,912▼ 50.9%€2,931▼ 70.4%
Working capital€27,158within the sector's middle half▼ 25.6%€29,538within the sector's middle half▲ 8.8%€27,383within the sector's middle half▼ 7.3%€8,546within the sector's middle half▼ 68.8%€18,042within the sector's middle half▲ 111%
Solvency90.5%above the sector's middle half▲ 3.5pp80.8%above the sector's middle half▼ 9.7pp62.0%within the sector's middle half▼ 18.8pp69.5%above the sector's middle half▲ 7.5pp86.0%above the sector's middle half▲ 16.5pp
Current ratio10.18above the sector's middle half▲ 2.905.17above the sector's middle half▼ 5.0013.59above the sector's middle half▲ 8.424.04above the sector's middle half▼ 9.557.16above the sector's middle half▲ 3.11
Return on assets (ROA)-34.9%below the sector's middle half▼ 14.9pp4.0%within the sector's middle half▲ 38.9pp5.9%within the sector's middle half▲ 1.8pp-31.8%below the sector's middle half▼ 37.6pp-21.6%below the sector's middle half▲ 10.1pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4,413 in 2025 against €10,179 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €20,972
Equity
€18,042 ▼ 20.1%
Debt
€2,931 ▼ 70.4%
Debt's share of the balance-sheet total falls from 30.5% to 14.0%. Equity and debt are lower.
Key figures and ratios
Quick ratio
7.14▲
2024 · 3.82
Debt to equity
0.16▼
2024 · 0.44
ROE
-25.2%▲
2024 · -45.7%
Debt ≤ 1 year
€2,931▲
2024 · €2,807
Income taxes
€85▼
2024 · €89
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,834 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.7%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,834 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €6,654 | - | €390 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,549 | €895 | €425 | €3,448 | - | - |
| Other operating charges640/8 | €1,119 | €1,140 | €967 | €1,426 | €964 | ▼ 32.4% |
| Non-recurring operating charges66A | - | - | - | - | €14,354 | - |
| Gross operating margin9900 | -€8,029 | €3,755 | €4,776 | -€5,305 | €10,905 | ▲ 306% |
| Operating profit (loss)9901 | -€10,696 | €1,720 | €3,383 | -€10,179 | -€4,413 | ▲ 56.6% |
| Financial income75/76B | €0 | €0 | €11 | €10 | €0 | ▼ 96.8% |
| Recurring financial income75 | €0 | €0 | €11 | €10 | €0 | ▼ 96.8% |
| Financial charges65/66B | €122 | €145 | €181 | €62 | €42 | ▼ 32.0% |
| Recurring financial charges65 | €122 | €145 | €181 | €62 | €42 | ▼ 32.0% |
| Profit (loss) for the period before taxes9903 | -€10,817 | €1,575 | €3,213 | -€10,231 | -€4,455 | ▲ 56.5% |
| Income taxes67/77 | €84 | €90 | €95 | €89 | €85 | ▼ 4.4% |
| Profit (loss) for the period9904 | -€10,901 | €1,485 | €3,118 | -€10,321 | -€4,540 | ▲ 56.0% |
| Profit (loss) for the period to be appropriated9905 | -€10,901 | €1,485 | €3,118 | -€10,321 | -€4,540 | ▲ 56.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €31,259 | €36,867 | €53,077 | €32,494 | €20,972 | ▼ 35.5% |
| Fixed assets21/28 | €1,142 | €247 | €23,520 | €21,141 | - | - |
| Tangible fixed assets22/27 | €1,142 | €247 | €23,520 | €21,141 | - | - |
| Plant, machinery and equipment23 | €183 | - | - | - | - | - |
| Furniture and vehicles24 | €958 | €247 | €23,520 | €21,141 | - | - |
| Current assets29/58 | €30,117 | €36,620 | €29,558 | €11,353 | €20,972 | ▲ 84.7% |
| Stocks and contracts in progress3 | €490 | €1,297 | €585 | €638 | €48 | ▼ 92.4% |
| Stocks30/36 | €490 | €1,297 | €585 | €638 | €48 | ▼ 92.4% |
| Amounts receivable within one year40/41 | €10,555 | €17,018 | €3,383 | €1,651 | €8,589 | ▲ 420% |
| Trade receivables40 | €3,937 | €6,856 | €1,207 | €630 | €8,514 | ▲ 1,251% |
| Other amounts receivable41 | €6,618 | €10,162 | €2,176 | €1,021 | €76 | ▼ 92.6% |
| Cash at bank and in hand54/58 | €19,073 | €18,305 | €25,185 | €9,065 | €12,335 | ▲ 36.1% |
| Deferred charges and accrued income490/1 | - | - | €405 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €31,259 | €36,867 | €53,077 | €32,494 | €20,972 | ▼ 35.5% |
| Equity10/15 | €28,299 | €29,785 | €32,902 | €22,582 | €18,042 | ▼ 20.1% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €22,099 | €23,585 | €26,702 | €16,382 | €11,842 | ▼ 27.7% |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | €20,240 | €21,725 | €24,843 | €14,523 | €9,982 | ▼ 31.3% |
| Amounts payable17/49 | €2,960 | €7,082 | €20,175 | €9,912 | €2,931 | ▼ 70.4% |
| Amounts payable after more than one year17 | - | - | €18,000 | €7,105 | - | - |
| Other amounts payable178/9 | - | - | €18,000 | €7,105 | - | - |
| Amounts payable within one year42/48 | €2,960 | €7,082 | €2,175 | €2,807 | €2,931 | ▲ 4.4% |
| Trade debts44 | €1,297 | €5,713 | €1,234 | €1,024 | €1,653 | ▲ 61.4% |
| Suppliers440/4 | €1,297 | €4,295 | €1,234 | €1,024 | €1,653 | ▲ 61.4% |
| Bills of exchange payable441 | - | €1,417 | - | - | - | - |
| Taxes, remuneration and social security45 | €84 | €174 | €95 | €89 | €85 | ▼ 4.4% |
| Taxes450/3 | €84 | €174 | €95 | €89 | €85 | ▼ 4.4% |
| Other amounts payable47/48 | €1,579 | €1,196 | €846 | €1,694 | €1,193 | ▼ 29.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,901 | €1,485 | €3,118 | -€10,321 | -€4,540 | ▲ 56.0% |
| + Depreciation and write-downs630 | €1,549 | €895 | €425 | €3,448 | - | - |
| Operating cash flow (approximation) | -€9,352 | €2,380 | €3,543 | -€6,873 | -€4,540 | ▲ 33.9% |
| Investment in fixed assets (approximation) | - | €0 | -€23,698 | -€1,069 | - | - |
| Change in cash | - | -€769 | €6,881 | -€16,121 | €3,270 | ▲ 120% |
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
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Highest result since 2018net €3,118 ▲110%
Operating result €3,383, net result €3,118, both a record.
31-12
Financial
Liquidity triplescurrent ratio 13.59
Current ratio from 5.17 to 13.59; short-term debt falls from €7,082 to €2,175.
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €1,485
Net result €1,485 after 2 loss-making years.
17-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 109 days late
2021
31-12
Financial
Weakest financial yearnet -€10,901
Net result drops to -€10,901, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €945
Net result €945 after one loss-making year.
Show earlier events
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Herk-de-Stad · 1 establishment unit since 1997
Ground area
804 m²
Building footprint
196 m²
Volume, LiDAR
957 m³
Parcel 71051C0404/00M000, Flanders · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
van Willigenlaan 20, 3540 Herk-de-Stad
since 19972.082.818.642
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71051C0404/00M000 | Flanders | 804 m² | 1 · 196 m² | 6.9 m · 2 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.
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Of 22,829 companies in sector 43211 we hold annual accounts for 10,334. 6,994 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 (pre-2019)
Founded06-10-1995
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43221Plumbing work
47521Retail sale of hardware, building materials, paint and glass (general range)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0456242666
Also
9925:BE0456242666
Registered
29-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.