Result
€195,499 ▼ 68.6%
The result fell in 2025 from €622,307 to €195,499.
SEVETON
Lifetime
20 annual accounts with figures on one time axis, 29 filings since 1997peak €23.9m (2022)
€20.8m▼ 2.9%
lowest -€638,229 (2015)
€195,499▼ 68.6%
peak €4.8m (2025)
€4.8m▲ 4.3%
€20.2m▲ 19.7%
peak 69.2 FTE (2009)
29.8 FTE▲ 1.0%
Board10 names since 2020
5 directorsNAESSENS Sem and 4 others
Owners3 names in the annual accounts
100%WILLY NAESSENS CONCRETE and 1 other
Documentsfilings and deeds
15-07-202616 days before the deadline
2025financial year
Result from €622,307 to €195,499New director 05-08Debts from €16.9m to €20.2mCash from €797,619 to €491,443
Key points
from the 2025 annual accountsDebts
€20.2m 81% of the balance sheet
Financial debts 40%Suppliers 28%Taxes and wages 1%Other 31%
€9.0m of the debts are secured on the company's own assets.
Investments
€1.6m 1.6 × depreciation
Green is investment, beige is depreciation. Machinery stands 10.7% higher than in 2024.
Staff
29.8 FTE from 69.2 in 2009
Between 2009 and 2025, 57% of the full-time equivalents disappeared.
Payment terms
109 days to suppliers
SEVETON pays its suppliers 24 days later than in 2024. Customers pay 42 days later.
Position in the sector
19.2%
Lower solvency than 83% of companies in non-metallic mineral products. Sector median 46.3% · 366 companies.
Checked score
81
Excellent
Financially stronger than 34% of small companies in non-metallic mineral products (NACE 23)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 233 companies (NACE 23, small).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025lowest value
03-2025: 0.2%● unchanged vs 02-2025lowest value
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.3%▲ +0.1 percentage points vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.4%▲ +0.1 percentage points vs 06-2026
08-2026: 0.4%● unchanged vs 07-2026highest value
09-2026: 0.4%● unchanged vs 08-2026highest value
10-2026: 0.4%● unchanged vs 09-2026highest value
11-2026: 0.4%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 1.53, cash €491,443
Size: turnover €20.8m, 29.8 FTE, total assets €25.0m
Equity €4.8m (19.2% of total assets)
lowers risk
Sector: Manufacture of other non-metallic mineral products (NACE 23)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 23, small). It does better than 18% of them on solvency, 43% on liquidity, 27% on profitability and 48% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 4,685 companies had the same profile as SEVETON has now. Each dot stands for 12 companies, two years later.
97.0%
were still trading
1.9%
stopped another way
1.1%
went bankrupt
That fits the bankruptcy probability of SEVETON itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,685 companies, not a prediction for SEVETON. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €380,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.53 (1.35 in 2024), above the usual 1.5. Short-term debt is 27% and cash 2% of total assets. However, 80.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 366 sector peers (2025).
NBB · sector comparisonPosition among 366 sector peers
Solvency
better than 17%
← 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 €4.8m
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 days early
2024
27 days early
2023
7 days early
2022
31 days early
2021
17 days early
2020
77 days late
2019
14 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 5 days before the deadline. In the sector (NACE 23), the median for financial year 2024 was 10 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 14 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
BM
BV Mass
Daily manager, Timoty T'Jampens
ND
NV DEROOSE PROJECTS
Director, DEROOSE Dirk, since 09-12-2024
IB
Ingelbeen BV
Director, Dennis Ingelbeen, since 14-06-2025
- WILLY NAESSENS CONCRETE 100%equity €82.4m (2025) · 2025 annual accounts of WILLY NAESSENS CONCRETE
Recent changes
1 director appointed, 1 statutory auditor reappointed
Reappointment: BV A&C - Bedrijfsrevisor (statutory auditor) · Permanent representatives: Bert De Clercq and Timoty T'Jampens · Appointment: BV Mass (day-to-day manager) · General meeting of 30-06-2026 · Gazette deed
Environmental permit granted
Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Oudenaarde
New director
BV INGELBEEN appointed, NV Koutermolen resigned · Permanent representative: Dennis Ingelbeen · Director discharge: NV Koutermolen (director (not named in the articles)) · General meeting of 14-06-2025 · Gazette deed
5 directors resigning, 5 reappointments
Resignations: VAN HAUTEGEM Filip, NAESSENS Sem, NAESSENS Veerle, DEROOSE PROJECTS and KOUTERMOLEN · Reappointments: VAN HAUTEGEM Filip, NAESSENS Sem, NAESSENS Veerle, DEROOSE PROJECTS and KOUTERMOLEN · Permanent representatives: DEROOSE Dirk and NAESSENS Willy · General meeting of 09-12-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SEVETON Oudenaarde | €20.8m | 2.5% | 19.2% | 29.8 |
| WINDMOLDERS BETON Herk-de-Stad | €19.0m | 14.9% | 91.5% | 48 |
| PREDALCO Lokeren | €22.1m | 22.9% | 31.1% | 16.9 |
| BETONFABRIEK DE BONTE EN VAN HECKE Waasmunster | €25.1m | 5.3% | 30.2% | 60.3 |
| VAN DE VELDE BETON Opwijk | €20.0m | 7.4% | 42.9% | 48.9 |
| E.B.R. (EBEMA BETON RIJKEVORSEL) Rijkevorsel | €20.6m | 3.0% | 49.1% | 58.7 |
| COBEFA Comines-Warneton | €34.1m | 5.0% | 37.9% | 39.5 |
Grey: the largest companies of the sector (non-metallic mineral products (NACE 23)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as SEVETON: manufacture of other non-metallic mineral products (NACE 23610). They are comparable in size and age: total assets between €16m and €32m, founded between 1989 and 2004.
Official details
Source: KBO- Status
- Active since 07-05-1997Normal situation
- Activity
- Manufacture of other non-metallic mineral productsNACE 23610
- Joint committees
- 106.02Concrete industry
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.081.938.4179700 Oudenaarde, since 20-05-1997
- Financial year end
- 31 December
- Peppol
- Reachable since 24-10-2024
Annual accounts 2025
- €25.0m▲ 16.4%
- Employeeson 31-12-2025
- 30=
- Filing
- Filed on 15-07-2026, 16 days before the end of the filing period
Companies linked to SEVETON
Parent and group
Insights on SEVETON
SEVETON has existed since 1997. Turnover grew from €16.1m in 2006 to €20.8m in 2025, while staff fell from 54.7 to 29.8 full-time equivalents.
WILLY NAESSENS CONCRETE holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SEVETON
- What is the company number of SEVETON?
- The company number of SEVETON is 0460.622.019. The VAT number is the same number with BE in front: BE 0460.622.019.
- Where is SEVETON based?
- The registered office is at Meersbloem-Leupegem 58, 9700 Oudenaarde.Company details
- What does SEVETON do?
- According to the KBO register, the main activity is manufacture of other non-metallic mineral products (NACE 23610).
- What is the legal form of SEVETON?
- SEVETON is a public limited company (NV).
- When was SEVETON founded?
- SEVETON was founded on 07-05-1997.
- Is SEVETON still active?
- Yes, SEVETON is an active enterprise in the KBO register.
- How many employees does SEVETON have?
- SEVETON had an average of 29.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does SEVETON fall under?
- In its 2025 annual accounts, SEVETON states joint committees 106.02 (Concrete industry) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of SEVETON?
- The turnover of SEVETON was €20.8m in financial year 2025, according to the filed annual accounts.
- Is SEVETON profitable?
- In financial year 2025, SEVETON made a profit of €195,499.
- Where can I find the annual accounts of SEVETON?
- SEVETON filed 29 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SEVETON due?
- SEVETON must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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