Summary
SEVCO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1.88M and a net result of €109k. Equity is growing by ~50.2% per year across the filed fiscal years. Its solvency ranks better than 60% of 8048 sector peers (fiscal year 2025). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 02-06-2026, 59 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
59 d early
2024
38 d early
2023
27 d early
2022
20 d early
2021
32 d early
2020
58 d early
2019
15 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.88M▼ 11.9%
2024 · €2.13M
2018: €127klowest in 8 years
2019: €254k▲ +99.5% vs 2018
2020: €271k▲ +7.1% vs 2019
2021: €330k▲ +21.4% vs 2020
2022: €2.06M▲ +525% vs 2021
2023: €2.09M▲ +1.5% vs 2022
2024: €2.13M▲ +2.0% vs 2023highest in 8 years
2025: €1.88M▼ -11.9% vs 2024
2018 → 2025
Net result
€109k▲ 164%
2024 · €41k
2018: €5klowest in 8 years
2019: €128k▲ +2337% vs 2018
2020: €20k▼ -84.8% vs 2019
2021: €58k▲ +198% vs 2020
2022: €1.73M▲ +2877% vs 2021highest in 8 years
2023: €31k▼ -98.2% vs 2022
2024: €41k▲ +34.5% vs 2023
2025: €109k▲ +164% vs 2024
2018 → 2025
Total assets
€2.98M▼ 9.7%
2024 · €3.30M
2018: €584klowest in 8 years
2019: €679k▲ +16.3% vs 2018
2020: €821k▲ +20.9% vs 2019
2021: €839k▲ +2.2% vs 2020
2022: €2.77M▲ +231% vs 2021
2023: €3.38M▲ +21.8% vs 2022highest in 8 years
2024: €3.30M▼ -2.2% vs 2023
2025: €2.98M▼ -9.7% vs 2024
2018 → 2025
Solvency
63.0%▼ 1.5pp
2024 · 64.5%
2018: 21.8%lowest in 8 years
2019: 37.3%▲ +71.6% vs 2018
2020: 33.1%▼ -11.4% vs 2019
2021: 39.3%▲ +18.8% vs 2020
2022: 74.3%▲ +89.1% vs 2021highest in 8 years
2023: 61.9%▼ -16.7% vs 2022
2024: 64.5%▲ +4.3% vs 2023
2025: 63.0%▼ -2.3% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€330k-€2.06M▲ 525%€2.09M▲ 1.5%€2.13M▲ 2.0%€1.88M▼ 11.9%
2021: €330klowest in 5 years
2022: €2.06M▲ +525% vs 2021
2023: €2.09M▲ +1.5% vs 2022
2024: €2.13M▲ +2.0% vs 2023highest in 5 years
2025: €1.88M▼ -11.9% vs 2024
Operating result€89k-€84k▼ 5.4%€58k▼ 30.7%€131k▲ 125%€161k▲ 22.6%
2021: €89k
2022: €84k▼ -5.4% vs 2021
2023: €58k▼ -30.7% vs 2022lowest in 5 years
2024: €131k▲ +125% vs 2023
2025: €161k▲ +22.6% vs 2024highest in 5 years
Net result€58k-€1.73M▲ 2,877%€31k▼ 98.2%€41k▲ 34.5%€109k▲ 164%
2021: €58k
2022: €1.73M▲ +2877% vs 2021highest in 5 years
2023: €31k▼ -98.2% vs 2022lowest in 5 years
2024: €41k▲ +34.5% vs 2023
2025: €109k▲ +164% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 23% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.98M
Fixed assets
€1.31M ▼ 3.7%
Current assets
€1.67M ▼ 13.9%
Equity and liabilities €2.98M
Equity
€1.88M ▼ 11.9%
Debt
€1.10M ▼ 5.9%
Debt's share of the balance-sheet total rises from 35.5% to 37.0%. Equity and debt are lower.
Key figures and ratios
ROE
5.8%▲
2024 · 1.9%
ROA
3.7%▲
2024 · 1.2%
Debt ≤ 1 year
€118k▲
2024 · €111k
Debt > 1 year
€984k▼
2024 · €1.06M
Income taxes
€64k▲
2024 · €38k
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 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.30M€2.98M▼
Fixed assets21/28€1.36M€1.31M▼
Tangible fixed assets22/27€1.35M€1.30M▼
Land and buildings22€1.31M€1.27M▼
Furniture and vehicles24€42k€31k▼
Financial fixed assets28€10k€10k=
Current assets29/58€1.95M€1.67M▼
Amounts receivable after more than one year29€226k€239k▲
Other amounts receivable291€226k€239k▲
Stocks and contracts in progress3€299k€410k▲
Stocks30/36€299k€410k▲
Amounts receivable within one year40/41€149k€345k▲
Trade receivables40€20k€36k▲
Other amounts receivable41€128k€310k▲
Current investments50/53€786k€610k▼
Cash at bank and in hand54/58€484k€68k▼
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€3.30M€2.98M▼
Equity10/15€2.13M€1.88M▼
Contributions10/11€25k€25k=
Reserves13€2.11M€1.86M▼
Distributable reserves133€2.11M€1.86M▼
Profit (loss) carried forward14-€0
Amounts payable17/49€1.17M€1.10M▼
Amounts payable after more than one year17€1.06M€984k▼
Financial debts170/4€1.06M€984k▼
Other amounts payable178/9€112€0▼
Amounts payable within one year42/48€111k€118k▲
Current portion of amounts payable after more than one year42€75k€76k▲
Trade debts44€9k€15k▲
Suppliers440/4€9k€15k▲
Taxes, remuneration and social security45€26k€26k▼
Taxes450/3€25k€24k▼
Remuneration and social security454/9€2k€2k=
Other amounts payable47/48-€883
Accrued charges and deferred income492/3€795€795=
Income statement
Code20242025
Non-recurring operating income76A-€23k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47k€47k▼
Other operating charges640/8€6k€9k▲
Gross operating margin9900€184k€216k▲
Operating profit (loss)9901€131k€161k▲
Financial income75/76B€36k€85k▲
Recurring financial income75€36k€85k▲
Financial charges65/66B€88k€72k▼
Recurring financial charges65€88k€72k▼
Profit (loss) for the period before taxes9903€79k€173k▲
Income taxes67/77€38k€64k▲
Profit (loss) for the period9904€41k€109k▲
Profit (loss) for the period to be appropriated9905€41k€109k▲
Appropriation of the result
Profit (loss) to be appropriated9906€41k€109k▲
Transfer from equity791/2-€362k
Transfer to equity691/2€41k€109k▲
To other reserves6921€41k€109k▲
Profit to be distributed694/7-€362k
Return on contributions (dividend)694-€362k
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €23k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16k | €16k | €164k | €47k | €47k | ▼ 1.0% |
| Other operating charges640/8 | €2k | €4k | €8k | €6k | €9k | ▲ 52.0% |
| Gross operating margin9900 | €107k | €104k | €230k | €184k | €216k | ▲ 17.5% |
| Operating profit (loss)9901 | €89k | €84k | €58k | €131k | €161k | ▲ 22.6% |
| Financial income75/76B | - | €1.68M | €30k | €36k | €85k | ▲ 134% |
| Recurring financial income75 | - | €1.68M | €30k | €36k | €85k | ▲ 134% |
| Financial charges65/66B | €11k | €15k | €40k | €88k | €72k | ▼ 18.1% |
| Recurring financial charges65 | €11k | €15k | €40k | €88k | €72k | ▼ 18.1% |
| Profit (loss) for the period before taxes9903 | €78k | €1.75M | €48k | €79k | €173k | ▲ 119% |
| Income taxes67/77 | €20k | €18k | €17k | €38k | €64k | ▲ 70.3% |
| Profit (loss) for the period9904 | €58k | €1.73M | €31k | €41k | €109k | ▲ 164% |
| Profit (loss) for the period to be appropriated9905 | €58k | €1.73M | €31k | €41k | €109k | ▲ 164% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €839k | €2.77M | €3.38M | €3.30M | €2.98M | ▼ 9.7% |
| Fixed assets21/28 | €711k | €495k | €1.39M | €1.36M | €1.31M | ▼ 3.7% |
| Tangible fixed assets22/27 | €511k | €495k | €1.38M | €1.35M | €1.30M | ▼ 3.8% |
| Land and buildings22 | €511k | €495k | €1.34M | €1.31M | €1.27M | ▼ 3.1% |
| Furniture and vehicles24 | - | - | €31k | €42k | €31k | ▼ 24.7% |
| Financial fixed assets28 | €200k | €0 | €10k | €10k | €10k | = |
| Current assets29/58 | €129k | €2.28M | €2.00M | €1.95M | €1.67M | ▼ 13.9% |
| Amounts receivable after more than one year29 | - | €201k | €213k | €226k | €239k | ▲ 6.0% |
| Other amounts receivable291 | - | €201k | €213k | €226k | €239k | ▲ 6.0% |
| Stocks and contracts in progress3 | €23k | €287k | €0 | €299k | €410k | ▲ 37.2% |
| Stocks30/36 | €23k | €287k | €0 | €299k | €410k | ▲ 37.2% |
| Amounts receivable within one year40/41 | €11k | €76k | €76k | €149k | €345k | ▲ 132% |
| Trade receivables40 | €11k | €74k | €20k | €20k | €36k | ▲ 74.0% |
| Other amounts receivable41 | - | €2k | €56k | €128k | €310k | ▲ 141% |
| Current investments50/53 | - | - | €958k | €786k | €610k | ▼ 22.3% |
| Cash at bank and in hand54/58 | €93k | €1.72M | €747k | €484k | €68k | ▼ 85.9% |
| Deferred charges and accrued income490/1 | €989 | €1k | €2k | €3k | €2k | ▼ 24.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €839k | €2.77M | €3.38M | €3.30M | €2.98M | ▼ 9.7% |
| Equity10/15 | €330k | €2.06M | €2.09M | €2.13M | €1.88M | ▼ 11.9% |
| Contributions10/11 | €25k | €25k | €25k | €25k | €25k | = |
| Reserves13 | €305k | €2.04M | €2.07M | €2.11M | €1.86M | ▼ 12.0% |
| Non-distributable reserves130/1 | €3k | €3k | €0 | - | - | - |
| Reserves not available under the articles1311 | €3k | €3k | €0 | - | - | - |
| Distributable reserves133 | €302k | €2.03M | €2.07M | €2.11M | €1.86M | ▼ 12.0% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €509k | €714k | €1.29M | €1.17M | €1.10M | ▼ 5.9% |
| Amounts payable after more than one year17 | €466k | €670k | €1.14M | €1.06M | €984k | ▼ 7.2% |
| Financial debts170/4 | €364k | €566k | €1.14M | €1.06M | €984k | ▼ 7.2% |
| Other amounts payable178/9 | €102k | €105k | €0 | €112 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €41k | €40k | €153k | €111k | €118k | ▲ 6.6% |
| Current portion of amounts payable after more than one year42 | €30k | €31k | €73k | €75k | €76k | ▲ 2.2% |
| Trade debts44 | €690 | €3k | €4k | €9k | €15k | ▲ 58.7% |
| Suppliers440/4 | €690 | €3k | €4k | €9k | €15k | ▲ 58.7% |
| Taxes, remuneration and social security45 | €10k | €7k | €76k | €26k | €26k | ▼ 2.7% |
| Taxes450/3 | €8k | €5k | €75k | €25k | €24k | ▼ 2.9% |
| Remuneration and social security454/9 | €2k | €2k | €2k | €2k | €2k | = |
| Other amounts payable47/48 | - | - | - | - | €883 | - |
| Accrued charges and deferred income492/3 | €3k | €3k | €795 | €795 | €795 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €58k | €1.73M | €31k | €41k | €109k | ▲ 164% |
| + Depreciation and write-downs630 | €16k | €16k | €164k | €47k | €47k | ▼ 1.0% |
| Operating cash flow (approximation) | €74k | €1.75M | €195k | €88k | €156k | ▲ 76.3% |
| Investment in fixed assets (approximation) | - | €200k | €-1.05M | €-21k | €4k | ▲ 120% |
| Change in cash | - | €1.62M | €-969k | €-263k | €-416k | ▼ 58.3% |
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
02-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €1.73M ▲2,877%
Net result €1.73M, the highest in the series.
31-12
Financial
Liquidity times 18current ratio 56.35
Current ratio from 3.15 to 56.35; short-term debt falls from €41k to €40k.
31-12
Financial
Equity above €2MEq €2.06M ▲525%
5 profitable years in a row build equity to €2.06M.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
03-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity times 5current ratio 3.25
Current ratio from 0.59 to 3.25; short-term debt falls from €58k to €43k.
31-12
Financial
Equity above €200kEq €254k ▲99.5%
2 profitable years in a row build equity to €254k.
Show earlier events
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
04-07
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.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 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, Pelt · 1 establishment unit since 2013
Ground area
1,169 m²
Building footprint
271 m²
Volume, LiDAR
24 m³
Parcel 72025B0769/00T000, Flanders · tallest building 2.1 m. Linked by address, not a title deed.
1 establishment unit
SEVCO
since 20132.216.641.921
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72025B0769/00T000 | Flanders | 1,169 m² | 1 · 271 m² | 2.1 m |
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.
Recognitions · licences · registrations
Legal Entity Identifier
699400LVFVNQ4VUAX530
Similar companies · same sector, comparable size
HESSELS BELGIE
BE 0881.577.669
Kuurne · Eq €1,879,871
KORMOBEL
BE 0543.572.954
Tournai · Eq €1,880,828
Akeley
BE 0644.431.673
Bornem · Eq €1,881,127
ECO-TRA SERVICES
BE 0864.051.947
Gent · Eq €1,881,858
BjoHa
BE 0840.961.393
Lanaken · Eq €1,878,189
Of 24,727 companies in sector 64210 we hold annual accounts for 19,768. 11,098 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
Founded29-01-2013
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
73300Public relations and communication consultancy
Contact
Phone
0474/753090
Scores and ratios are computed by Checked and are not a credit decision.