SEVAN
ActiveSummary
SEVAN has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €24.20M and a net result of €450k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 83% of 4539 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
78
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability62▲+17
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity short (current ratio 0.37 against 0.21 in 2024; short-term debt: 15.7% and cash: 0.5% of total assets), and 16.3% 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
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
Sector 68
lower
← 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 2025Solvency, return and age of the figures
Solvency
83.7%
Return on assets
1.6%
Age of the figures
9 mo
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
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
18192021222425
2018 to 2025 · latest year €24.20M
neutral · Latest accounts filed on time
The financial year that closed on 30-12-2025 was due by 30-07-2026 and was filed on 08-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
20 d early
2022
32 d early
2021
31 d early
2020
31 d early
2019
31 d early
2018
33 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-12-2026 and is due by 30-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-12-2026 close30-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€1.16M
EBIT margin
78.3%
Net result
€450k
2024 · €-1.62M
2018: €328k
2019: €237k
2020: €260k
2021: €626k
2022: €2.08M
2024: €-1.62M
2018 → 2025
Working capital
€-2.87M▲ 9.9%
2024 · €-3.19M
2018: €2.47M
2019: €2.72M
2020: €3.00M
2021: €3.56M
2022: €5.65M
2024: €-3.19M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220242025Trend
Turnover€1.16M
Equity€3.74M-€4.36M▲ 16.8%€6.44M▲ 47.8%€23.92M▲ 271%€24.20M▲ 1.2%
Operating result€382k-€419k▲ 9.6%€467k▲ 11.5%€1.18M▲ 152%€907k▼ 22.9%
Net result€260k-€626k▲ 140%€2.08M▲ 233%€-1.62M€450k
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 23% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €28.90M
Fixed assets
€27.24M ▼ 0.5%
Current assets
€1.66M ▲ 92.3%
Equity and liabilities €28.90M
Equity
€24.20M ▲ 1.2%
Provisions
€64k ▼ 66.7%
Debt
€4.64M ▲ 12.5%
Debt's share of the balance-sheet total rises from 14.6% to 16.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€934k▼
2024 · €1.25M
Cash flow
€477k▲
2024 · €-1.55M
Current ratio
0.37▲
2024 · 0.21
Debt to equity
0.19▲
2024 · 0.17
ROE
1.9%▲
2024 · -6.8%
ROA
1.6%▲
2024 · -5.7%
Interest coverage
2.67▼
2024 · 4.06
Debt ≤ 1 year
€4.54M▲
2024 · €4.05M
Income taxes
€99k▲
2024 · €7k
Staff costs
€0▼
2024 · €18k
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 · 2025 against 2024 · 66 lines
Balance sheet
Code20242025
Assets
Total assets20/58€28.24M€28.90M▲
Fixed assets21/28€27.37M€27.24M▼
Tangible fixed assets22/27€17.79M€17.76M▼
Land and buildings22€17.63M€17.63M=
Plant, machinery and equipment23€92k€74k▼
Furniture and vehicles24€63k€54k▼
Financial fixed assets28€9.59M€9.48M▼
Current assets29/58€865k€1.66M▲
Amounts receivable within one year40/41€846k€1.49M▲
Trade receivables40€969€0▼
Other amounts receivable41€845k€1.49M▲
Current investments50/53€0-
Cash at bank and in hand54/58€3k€139k▲
Deferred charges and accrued income490/1€17k€36k▲
Equity and liabilities
Total equity and liabilities10/49€28.24M€28.90M▲
Equity10/15€23.92M€24.20M▲
Contributions10/11€1.74M€1.74M=
Capital10€1.74M€1.74M=
Issued capital100€1.74M€1.74M=
Revaluation surpluses12€19.70M€19.70M=
Reserves13€2.48M€2.76M▲
Non-distributable reserves130/1€174k€174k=
Legal reserve130€174k€174k=
Tax-exempt reserves132€325k€192k▼
Distributable reserves133€1.98M€2.40M▲
Profit (loss) carried forward14€0€0=
Provisions and deferred taxes16€192k€64k▼
Deferred taxes168€192k€64k▼
Amounts payable17/49€4.12M€4.64M▲
Amounts payable within one year42/48€4.05M€4.54M▲
Trade debts44€9k€5k▼
Suppliers440/4€9k€5k▼
Taxes, remuneration and social security45€36k€99k▲
Taxes450/3€36k€99k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€4.01M€4.43M▲
Accrued charges and deferred income492/3€71k€104k▲
Income statement
Code20242025
Turnover70-€1.16M
Non-recurring operating income76A€256k€0▼
Goods, raw materials, services and sundry goods60/61-€259k
Remuneration, social security and pensions62€18k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€77k€27k▼
Other operating charges640/8€76k€1k▼
Gross operating margin9900€1.35M€935k▼
Operating profit (loss)9901€1.18M€907k▼
Financial income75/76B€123k€106k▼
Recurring financial income75€123k€97k▼
Non-recurring financial income76B-€8k
Financial charges65/66B€2.72M€464k▼
Recurring financial charges65€309k€349k▲
Non-recurring financial charges66B€2.41M€114k▼
Profit (loss) for the period before taxes9903€-1.42M€549k▲
Transfer to deferred taxes680€192k€0▼
Income taxes67/77€7k€99k▲
Profit (loss) for the period9904€-1.62M€450k▲
Transfer from tax-exempt reserves789€0€261k▲
Transfer to tax-exempt reserves689€64k€0▼
Profit (loss) for the period to be appropriated9905€-1.69M€711k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-1.69M€711k▲
Transfer from equity791/2€2.41M€0▼
Transfer to equity691/2€127k€411k▲
To the legal reserve6920€0-
To other reserves6921€127k€411k▲
Profit to be distributed694/7€600k€300k▼
Directors or managers695€600k€300k▼
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (13 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
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-12
Financial
Back to profitnet €450k
Net result €450k after one loss-making year.
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-12
Financial
Weakest financial yearnet €-1.62M ▼178%
Net result drops to €-1.62M, the lowest in the series; recovery starts the following year.
30-12
Financial
Equity above €10MEq €23.92M ▲271%
Equity rises from €6.44M to €23.92M.
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €2.08M ▲233%
Net result €2.08M, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 43.07
Current ratio from 17.82 to 43.07; short-term debt falls from €212k to €134k.
31-12
Financial
Equity above €5MEq €6.44M ▲47.8%
5 profitable years in a row build equity to €6.44M.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
13 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, Anderlecht · 1 establishment unit since 1996
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.
Ninoofse Steenweg 5341070 AnderlechtGround area
1.1 ha
Building footprint
3,219 m²
Volume, LiDAR
31,754 m³
2 parcels, Brussels, Flanders · tallest building 19.0 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
HOF TER HEYDE
since 19962.075.236.707
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24008A0277/00K000 | Flanders | 8,323 m² | 1 · 2,095 m² | 10.9 m · 2 fl. |
| 21302A0023/00A010 | Brussels | 2,610 m² | 1 · 1,123 m² | 19.0 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
967600PIZCCW7DMD4M57
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Of 12,022 companies in sector 68203 we hold annual accounts for 5,986. 1,049 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-02-1996
Fiscal year end30-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
70200Business and other management consultancy
87301Residential care activities
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.