SEVE
ActiveSummary
The annual accounts of SEVE for fiscal year 2025 show a net loss of 80% of total assets and of 56% of the equity at the start of that year. The 2025 annual accounts show equity of €40,609 and a net result of -€50,829. Equity is growing by ~8.9% per year across the filed fiscal years. Its solvency ranks better than 75% of 14254 sector peers (fiscal year 2025). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
59
/ 100
Fair
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability50▼-33
Solvency89▼-11
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 2.26 against 4.29 in 2024; short-term debt: 36.1% and cash: 46.9% of total assets), and 36.1% of the assets are financed with debt.
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Signals
Four 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
Real estate activities (NACE 68)
about 43% fewer 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
63.9%
Return on assets
-80%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 25-03-2026, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
36 d early
2024
26 d early
2023
41 d early
2022
36 d early
2021
31 d early
2020
24 d early
2019
26 d early
← 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 31 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 25 March (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€40,609▼ 55.6%
2024 · €91,438
Total assets
€63,514▼ 48.0%
2024 · €122,041
Net result
-€50,829
2024 · €14,069
Working capital
€28,789▼ 64.6%
2024 · €81,274
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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€26,416▲ 37.7%-€3,568€10,705€22,714▲ 112%€38,300▲ 68.6%
Net result€13,800within the sector's middle half▲ 21.1%-€5,000within the sector's middle half€6,088within the sector's middle half€14,069within the sector's middle half▲ 131%-€50,829below the sector's middle half
Equity€76,281within the sector's middle half▲ 22.1%€71,281within the sector's middle half▼ 6.6%€77,369within the sector's middle half▲ 8.5%€91,438within the sector's middle half▲ 18.2%€40,609within the sector's middle half▼ 55.6%
Total assets€122,847below the sector's middle half▲ 12.8%€100,715below the sector's middle half▼ 18.0%€103,727below the sector's middle half▲ 3.0%€122,041below the sector's middle half▲ 17.7%€63,514below the sector's middle half▼ 48.0%
Debt€46,566▲ 0.3%€29,434▼ 36.8%€26,358▼ 10.4%€30,603▲ 16.1%€22,905▼ 25.2%
Working capital€65,633within the sector's middle half▲ 51.4%€62,948within the sector's middle half▼ 4.1%€71,079within the sector's middle half▲ 12.9%€81,274within the sector's middle half▲ 14.3%€28,789within the sector's middle half▼ 64.6%
Solvency62.1%within the sector's middle half▲ 4.7pp70.8%above the sector's middle half▲ 8.7pp74.6%above the sector's middle half▲ 3.8pp74.9%above the sector's middle half▲ 0.3pp63.9%within the sector's middle half▼ 11.0pp
Current ratio3.85above the sector's middle half▲ 0.386.48above the sector's middle half▲ 2.635.97above the sector's middle half▼ 0.504.29above the sector's middle half▼ 1.682.26within the sector's middle half▼ 2.03
Return on assets (ROA)11.2%above the sector's middle half▲ 0.8pp-5.0%below the sector's middle half▼ 16.2pp5.9%within the sector's middle half▲ 10.8pp11.5%above the sector's middle half▲ 5.7pp-80.0%below the sector's middle half▼ 91.6pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate 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
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 69% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €63,514
Fixed assets
€11,820 ▼ 26.5%
Current assets
€51,694 ▼ 51.2%
Equity and liabilities €63,514
Equity
€40,609 ▼ 55.6%
Debt
€22,905 ▼ 25.2%
Debt's share of the balance-sheet total rises from 25.1% to 36.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€44,532▲
2024 · €28,691
Cash flow
-€44,597▼
2024 · €20,047
Debt to equity
0.56▲
2024 · 0.33
ROE
-125.2%▼
2024 · 15.4%
Interest coverage
39.39▲
2024 · 24.47
Debt ≤ 1 year
€22,905▼
2024 · €24,695
Income taxes
€132▼
2024 · €8,717
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,836 companies that looked in July 2024 the way this one looks now, 1.5% 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
1.5%
went bankrupt
13%
stopped otherwise
84%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 5,836 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,762 | €7,915 | €7,915 | €5,978 | €6,232 | ▲ 4.3% |
| Other operating charges640/8 | - | €667 | €846 | €1,007 | €856 | ▼ 15.0% |
| Gross operating margin9900 | €41,068 | €5,014 | €19,467 | €29,698 | €45,388 | ▲ 52.8% |
| Operating profit (loss)9901 | €26,416 | -€3,568 | €10,705 | €22,714 | €38,300 | ▲ 68.6% |
| Financial income75/76B | - | €366 | €218 | €1,246 | €1,760 | ▲ 41.3% |
| Recurring financial income75 | €98 | €366 | €218 | €1,246 | €1,760 | ▲ 41.3% |
| Financial charges65/66B | - | €1,648 | €1,406 | €1,173 | €90,757 | ▲ 7,639% |
| Recurring financial charges65 | €1,780 | €1,648 | €1,406 | €1,173 | €1,131 | ▼ 3.6% |
| Non-recurring financial charges66B | - | - | - | - | €89,626 | - |
| Profit (loss) for the period before taxes9903 | €24,733 | -€4,850 | €9,518 | €22,786 | -€50,697 | ▼ 322% |
| Income taxes67/77 | €10,933 | €150 | €3,430 | €8,717 | €132 | ▼ 98.5% |
| Profit (loss) for the period9904 | €13,800 | -€5,000 | €6,088 | €14,069 | -€50,829 | ▼ 461% |
| Profit (loss) for the period to be appropriated9905 | €19,608 | -€5,000 | €6,088 | €14,069 | -€50,829 | ▼ 461% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €122,847 | €100,715 | €103,727 | €122,041 | €63,514 | ▼ 48.0% |
| Fixed assets21/28 | €34,187 | €26,271 | €18,356 | €16,072 | €11,820 | ▼ 26.5% |
| Tangible fixed assets22/27 | €33,892 | €25,977 | €18,062 | €15,778 | €11,525 | ▼ 27.0% |
| Land and buildings22 | - | €15,104 | €8,787 | €4,285 | €268 | ▼ 93.7% |
| Plant, machinery and equipment23 | - | €269 | - | - | - | - |
| Furniture and vehicles24 | - | €10,604 | €9,274 | €11,492 | €9,396 | ▼ 18.2% |
| Assets under construction and advance payments27 | - | - | - | - | €1,861 | - |
| Financial fixed assets28 | €294 | €294 | €294 | €294 | €294 | = |
| Current assets29/58 | €88,660 | €74,444 | €85,371 | €105,969 | €51,694 | ▼ 51.2% |
| Amounts receivable within one year40/41 | €9,040 | €2,850 | €7,547 | €9,692 | €5,120 | ▼ 47.2% |
| Trade receivables40 | - | - | €7,547 | €9,692 | €103 | ▼ 98.9% |
| Other amounts receivable41 | - | €2,850 | - | - | €5,018 | - |
| Current investments50/53 | €36,766 | €42,132 | €49,051 | €30,137 | €15,000 | ▼ 50.2% |
| Cash at bank and in hand54/58 | €40,972 | €27,883 | €27,219 | €64,179 | €29,773 | ▼ 53.6% |
| Deferred charges and accrued income490/1 | - | €1,579 | €1,554 | €1,961 | €1,801 | ▼ 8.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €122,847 | €100,715 | €103,727 | €122,041 | €63,514 | ▼ 48.0% |
| Equity10/15 | €76,281 | €71,281 | €77,369 | €91,438 | €40,609 | ▼ 55.6% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €57,681 | €52,681 | €58,769 | €72,838 | €72,838 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Tax-exempt reserves132 | - | €8,800 | €8,800 | €8,800 | €8,800 | = |
| Distributable reserves133 | - | €42,021 | €48,109 | €64,038 | €64,038 | = |
| Profit (loss) carried forward14 | - | - | - | - | -€50,829 | - |
| Amounts payable17/49 | €46,566 | €29,434 | €26,358 | €30,603 | €22,905 | ▼ 25.2% |
| Amounts payable after more than one year17 | €23,538 | €17,939 | €12,066 | €5,908 | - | - |
| Financial debts170/4 | - | €17,939 | €12,066 | €5,908 | - | - |
| Amounts payable within one year42/48 | €23,028 | €11,495 | €14,292 | €24,695 | €22,905 | ▼ 7.2% |
| Current portion of amounts payable after more than one year42 | - | €5,600 | €5,872 | €6,158 | €5,908 | ▼ 4.1% |
| Financial debts43 | - | - | - | €3,068 | €2,948 | ▼ 3.9% |
| Credit institutions430/8 | - | - | - | €3,068 | €2,948 | ▼ 3.9% |
| Trade debts44 | €1,615 | €3,068 | €2,222 | €5,122 | €5,937 | ▲ 15.9% |
| Suppliers440/4 | - | €3,068 | €2,222 | €5,122 | €5,937 | ▲ 15.9% |
| Taxes, remuneration and social security45 | - | €1,983 | €5,094 | €6,822 | €4,382 | ▼ 35.8% |
| Taxes450/3 | - | €851 | €5,094 | €6,822 | €4,382 | ▼ 35.8% |
| Remuneration and social security454/9 | - | €1,131 | - | - | - | - |
| Other amounts payable47/48 | - | €845 | €1,104 | €3,525 | €3,730 | ▲ 5.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,800 | -€5,000 | €6,088 | €14,069 | -€50,829 | ▼ 461% |
| + Depreciation and write-downs630 | €7,762 | €7,915 | €7,915 | €5,978 | €6,232 | ▲ 4.3% |
| Operating cash flow (approximation) | €21,563 | €2,915 | €14,003 | €20,047 | -€44,597 | ▼ 322% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€3,694 | -€1,980 | ▲ 46.4% |
| Change in cash | - | -€13,089 | -€663 | €36,960 | -€34,406 | ▼ 193% |
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
25-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet -€50,829
Net result drops to -€50,829, the lowest in the series.
04-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2018net €14,069 ▲131%
Net result €14,069, the highest in the series.
20-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €6,088
Net result €6,088 after one loss-making year.
25-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
06-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
04-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
02-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-03
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 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Boechout · 1 establishment unit since 2005
Ground area
533 m²
Building footprint
117 m²
Volume, LiDAR
610 m³
Parcel 11004B0446/00Y000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SEVE
since 20052.149.196.138
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11004B0446/00Y000 | Flanders | 533 m² | 1 · 117 m² | 7.9 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 7,326 companies in sector 68110 we hold annual accounts for 5,390. 3,119 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
Founded20-09-2005
Fiscal year end30-09
Activities, NACEBEL 2025
68110Buying and selling of own real estate
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0876137949
Also
9925:BE0876137949
Registered
07-08-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.