SEVETON
ActiveSummary
SEVETON has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.79M and a net result of €195k. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 16% of 285 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability53▲+1
Solvency44▼-2
Growth49▼-18
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €290k at 30 days acceptable
Liquidity ample (current ratio 1.53 against 1.35 in 2024; short-term debt: 27% and cash: 2% of total assets), but 80.8% of the assets are financed with debt.
Credit check 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 · 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 · 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
19.2%
Return on assets
0.8%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 23
Relative position
BE, all sectors
reference
Sector 23
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 285 sector peers (2025).
NBB · sector comparisonPosition among 285 sector peers
Solvency
better than 16%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €4.79M
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
27 d early
2023
7 d early
2022
31 d early
2021
17 d early
2020
77 d late
2019
14 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€20.78M▼ 2.9%
2024 · €21.41M
2018: €17.18M
2019: €16.34M
2020: €17.30M
2021: €17.75M
2022: €23.86M
2023: €21.14M
2024: €21.41M
2018 → 2025
EBIT margin
2.5%▼ 0.7pp
2024 · 3.2%
2018: 2.5%
2019: 1.2%
2020: 1.2%
2021: 1.2%
2022: 0.9%
2023: -0.8%
2024: 3.2%
2018 → 2025
Net result
€195k▼ 68.6%
2024 · €622k
2018: €373k
2019: €84k
2020: €106k
2021: €111k
2022: €29k
2023: €-405k
2024: €622k
2018 → 2025
Working capital
€3.58M▲ 85.0%
2024 · €1.94M
2018: €1.72M
2019: €1.19M
2020: €1.90M
2021: €2.24M
2022: €3.58M
2023: €4.73M
2024: €1.94M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€17.75M-€23.86M▲ 34.4%€21.14M▼ 11.4%€21.41M▲ 1.2%€20.78M▼ 2.9%
Equity€4.35M-€4.38M▲ 0.7%€3.98M▼ 9.2%€4.60M▲ 15.7%€4.79M▲ 4.3%
Operating result€211k-€216k▲ 2.7%€-161k€695k€523k▼ 24.7%
Net result€111k-€29k▼ 74.2%€-405k€622k€195k▼ 68.6%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 25% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €25.00M
Fixed assets
€14.67M ▲ 4.3%
Current assets
€10.33M ▲ 39.2%
Equity and liabilities €25.00M
Equity
€4.79M ▲ 4.3%
Debt
€20.21M ▲ 19.7%
Debt's share of the balance-sheet total rises from 78.6% to 80.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€1.56M▲
2024 · €1.56M
Cash flow
€1.23M▼
2024 · €1.48M
Current ratio
1.53▲
2024 · 1.35
Quick ratio
1.10▲
2024 · 0.93
Debt to equity
4.22▲
2024 · 3.67
ROE
4.1%▼
2024 · 13.5%
ROA
0.8%▼
2024 · 2.9%
Interest coverage
4.24▲
2024 · 3.71
Debt ≤ 1 year
€6.74M▲
2024 · €5.48M
Debt > 1 year
€13.44M▲
2024 · €11.36M
Income taxes
€10k▲
2024 · €2k
Staff costs
€1.90M▲
2024 · €1.76M
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 · 83 lines
Balance sheet
Code20242025
Assets
Total assets20/58€21.49M€25.00M▲
Fixed assets21/28€14.07M€14.67M▲
Intangible fixed assets21€12k€3k▼
Tangible fixed assets22/27€11.70M€12.31M▲
Land and buildings22€7.15M€7.34M▲
Plant, machinery and equipment23€4.31M€4.77M▲
Furniture and vehicles24€230k€193k▼
Financial fixed assets28€2.36M€2.36M=
Affiliated companies280/1€2.36M€2.36M=
Participating interests280€2.36M€2.36M=
Current assets29/58€7.42M€10.33M▲
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Stocks and contracts in progress3€2.32M€2.91M▲
Stocks30/36€2.32M€1.69M▼
Raw materials and consumables30/31-€1.69M
Goods purchased for resale34€2.32M€0▼
Contracts in progress37-€1.22M
Amounts receivable within one year40/41€4.29M€6.90M▲
Trade receivables40€4.29M€6.53M▲
Other amounts receivable41€2k€372k▲
Cash at bank and in hand54/58€798k€491k▼
Deferred charges and accrued income490/1€4k€31k▲
Equity and liabilities
Total equity and liabilities10/49€21.49M€25.00M▲
Equity10/15€4.60M€4.79M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€4.53M€4.73M▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€4.53M€4.72M▲
Profit (loss) carried forward14€4k€107▼
Amounts payable17/49€16.89M€20.21M▲
Amounts payable after more than one year17€11.36M€13.44M▲
Financial debts170/4€11.36M€8.10M▼
Credit institutions173€8.98M€8.10M▼
Other loans174€2.38M€0▼
Other amounts payable178/9-€5.35M
Amounts payable within one year42/48€5.48M€6.74M▲
Current portion of amounts payable after more than one year42€867k€888k▲
Trade debts44€4.27M€5.57M▲
Suppliers440/4€4.27M€5.57M▲
Taxes, remuneration and social security45€345k€284k▼
Taxes450/3€64k€52k▼
Remuneration and social security454/9€281k€232k▼
Accrued charges and deferred income492/3€43k€20k▼
Income statement
Code20242025
Operating income70/76A€21.73M€22.27M▲
Turnover70€21.41M€20.78M▼
Change in stocks of work in progress, finished goods and contracts in progress71-€1.22M
Other operating income74€324k€271k▼
Non-recurring operating income76A€0-
Operating charges60/66A€21.04M€21.75M▲
Goods for resale, raw materials and consumables60€14.79M€14.78M▼
Purchases600/8€13.52M€14.14M▲
Change in stocks: decrease (increase)609€1.27M€635k▼
Services and other goods61€3.48M€3.90M▲
Remuneration, social security and pensions62€1.76M€1.90M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€861k€1.04M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€11k€-4k▼
Other operating charges640/8€133k€135k▲
Non-recurring operating charges66A€0-
Operating profit (loss)9901€695k€523k▼
Financial income75/76B€350k€51k▼
Recurring financial income75€350k€51k▼
Income from financial fixed assets750€350k€50k▼
Other financial income752/9-€1k
Financial charges65/66B€421k€369k▼
Recurring financial charges65€421k€369k▼
Debt charges650€420k€368k▼
Other financial charges652/9€990€1k▲
Profit (loss) for the period before taxes9903€624k€205k▼
Income taxes67/77€2k€10k▲
Taxes670/3€2k€10k▲
Profit (loss) for the period9904€622k€195k▼
Profit (loss) for the period to be appropriated9905€622k€195k▼
Appropriation of the result
Profit (loss) to be appropriated9906€623k€200k▼
Profit (loss) brought forward from the previous period14P€301€4k▲
Transfer from equity791/2€0-
From reserves792€0-
Transfer to equity691/2€619k€200k▼
To other reserves6921€619k€200k▼
Social balance
Average headcount (FTE)908729.529.8▲
The notes to these accounts (79 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
17-08
State Gazette act
Appointments: BV A&C - Bedrijfsrevisor (statutory auditor) and BV Mass (day-to-day manager)Permanent representatives: Bert De Clercq and Timoty T'Jampens · Mandate compensation7 facts ▸
State Gazette act
Appointments: BV A&C - Bedrijfsrevisor (statutory auditor) and BV Mass (day-to-day manager)
Permanent representatives: Bert De Clercq and Timoty T'Jampens · Mandate compensation7 facts ▸
- General meeting, 30/06/2026
- Board meeting, 30/06/2026
- Auditor appointment, BV A&C - Bedrijfsrevisor (statutory auditor)
- Permanent representative, Bert De Clercq
- Mandate compensation, BV A&C - Bedrijfsrevisor
- Director appointment, BV Mass (day-to-day manager)
- Permanent representative, Timoty T'Jampens
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €622k
Net result €622k after one loss-making year.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €-405k
Net result drops to €-405k, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
16-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 77 days late
2020
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 14 acts read
About the unread acts
Of the 14 Belgian State Gazette acts we know for this company, 1 has been read. The other 13 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
BV Mass
CurrentDay-to-day manager · since 30-06-2026 · Legal entity · perm. rep.: Timoty T'Jampens
30-06-2026
Appointed as Day-to-day manager
Not every act has been read: a resignation may be missing here
13 of this company's 14 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Oudenaarde · 1 establishment unit since 1997
Ground area
2.4 ha
Building footprint
7,909 m²
Volume, LiDAR
97,049 m³
Parcel 45507A0020/00H002, Flanders · tallest building 17.8 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Meersbloem-Leupegem 58, 9700 Oudenaarde
since 19972.081.938.417
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45507A0020/00H002 | Flanders | 2.4 ha | 1 · 7,909 m² | 17.8 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
1 auditor| A&C - bedrijfsrevisor BVCurrent Statutory auditor · represented by Bert De Clercq | 17-08-2026 → present |
Recognitions · licences · registrations
Legal Entity Identifier
549300UNZMW56HHMRI95
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Of 400 companies in sector 23610 we hold annual accounts for 315. 197 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
Founded07-05-1997
Fiscal year end31-12
Activities, NACEBEL 2025
23610Manufacture of other non-metallic mineral products
Sources
Crossroads Bank for EnterprisesBelgian Official Gazette · 1 actNational Bank · 29 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.