SEVINWORKZ
ActiveSummary
SEVINWORKZ has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €97,117 and a net result of €11,604. Equity is growing by ~40.7% per year across the filed fiscal years. Its solvency ranks better than 20% of 1327 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability57▼-17
Solvency42▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity short (current ratio 0.53 against 0.64 in 2024; short-term debt: 23.3% and cash: 2.7% of total assets), and 83.5% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Repair, maintenance and installation of machinery and equipment (NACE 33)
about 56% more bankruptcies
← 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
16.5%
Return on assets
2%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 1327 sector peers (2025).
NBB · sector comparisonPosition among 1327 sector peers
Solvency
better than 20%
← weakest
strongest →
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 17-07-2026, 14 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
14 d early
2024
22 d early
2023
36 d early
2022
32 d early
2021
19 d early
2020
82 d early
2019
83 d late
← 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 17 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
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. Usually files around 9 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#9 company by total assets in Blankenberge, Manufacturing sector
Equity
€97,117▲ 13.6%
2024 · €85,513
Total assets
€587,086▼ 3.4%
2024 · €608,041
Net result
€11,604▼ 55.7%
2024 · €26,178
Working capital
-€64,890▼ 24.3%
2024 · -€52,206
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 33, Repair, maintenance and installation of machinery and equipment, 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€12,187▼ 48.6%€13,030▲ 6.9%€36,008▲ 176%€49,860▲ 38.5%€28,930▼ 42.0%
Net result€5,146within the sector's middle half▼ 75.5%€4,830within the sector's middle half▼ 6.2%€24,437within the sector's middle half▲ 406%€26,178within the sector's middle half▲ 7.1%€11,604within the sector's middle half▼ 55.7%
Equity€30,067within the sector's middle half▲ 20.7%€34,897within the sector's middle half▲ 16.1%€59,334within the sector's middle half▲ 70.0%€85,513within the sector's middle half▲ 44.1%€97,117within the sector's middle half▲ 13.6%
Total assets€474,708above the sector's middle half▲ 296%€580,175above the sector's middle half▲ 22.2%€593,581above the sector's middle half▲ 2.3%€608,041above the sector's middle half▲ 2.4%€587,086above the sector's middle half▼ 3.4%
Debt€444,641▲ 369%€545,278▲ 22.6%€534,247▼ 2.0%€522,529▼ 2.2%€489,969▼ 6.2%
Working capital-€39,570below the sector's middle half-€157,238below the sector's middle half▼ 297%-€56,481below the sector's middle half▲ 64.1%-€52,206below the sector's middle half▲ 7.6%-€64,890below the sector's middle half▼ 24.3%
Solvency6.3%below the sector's middle half▼ 14.5pp6.0%below the sector's middle half▼ 0.3pp10.0%below the sector's middle half▲ 4.0pp14.1%below the sector's middle half▲ 4.1pp16.5%below the sector's middle half▲ 2.5pp
Current ratio0.71below the sector's middle half▼ 0.410.33below the sector's middle half▼ 0.380.58below the sector's middle half▲ 0.260.64below the sector's middle half▲ 0.050.53below the sector's middle half▼ 0.11
Return on assets (ROA)1.1%below the sector's middle half▼ 16.4pp0.8%below the sector's middle half▼ 0.3pp4.1%within the sector's middle half▲ 3.3pp4.3%within the sector's middle half▲ 0.2pp2.0%within the sector's middle half▼ 2.3pp
Staff (FTE)12.4▲ 140%1.2▼ 50.0%
above
within
below
the middle half (P25 to P75) of NACE 33, Repair, maintenance and installation of machinery and equipment, 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
The operating result falls in 2025; 2025 is 42% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €587,086
Fixed assets
€514,998 ▼ 0.3%
Current assets
€72,088 ▼ 21.2%
Equity and liabilities €587,086
Equity
€97,117 ▲ 13.6%
Debt
€489,969 ▼ 6.2%
Debt's share of the balance-sheet total falls from 85.9% to 83.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€52,955▼
2024 · €73,869
Cash flow
€35,629▼
2024 · €50,188
Quick ratio
0.24▲
2024 · 0.20
Debt to equity
5.05▼
2024 · 6.11
ROE
11.9%▼
2024 · 30.6%
Interest coverage
4.25▼
2024 · 6.72
Debt ≤ 1 year
€136,978▼
2024 · €143,734
Debt > 1 year
€352,991▼
2024 · €378,794
Income taxes
€4,950▼
2024 · €13,381
Staff costs
€50,981▲
2024 · €39,867
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,275 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
2.5%
went bankrupt
2.5%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 3,275 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €3,050 | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | €31,548 | €39,867 | €50,981 | ▲ 27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,949 | €13,373 | €21,276 | €24,009 | €24,025 | ▲ 0.1% |
| Other operating charges640/8 | €3,472 | €5,585 | €4,725 | €4,940 | €5,868 | ▲ 18.8% |
| Gross operating margin9900 | €22,608 | €31,988 | €93,559 | €118,676 | €109,804 | ▼ 7.5% |
| Operating profit (loss)9901 | €12,187 | €13,030 | €36,008 | €49,860 | €28,930 | ▼ 42.0% |
| Financial income75/76B | €44 | €307 | €78 | €700 | €96 | ▼ 86.3% |
| Recurring financial income75 | €44 | €307 | €78 | €700 | €96 | ▼ 86.3% |
| Financial charges65/66B | €5,410 | €8,387 | €11,155 | €11,000 | €12,471 | ▲ 13.4% |
| Recurring financial charges65 | €5,410 | €8,387 | €11,155 | €11,000 | €12,471 | ▲ 13.4% |
| Profit (loss) for the period before taxes9903 | €6,821 | €4,949 | €24,931 | €39,560 | €16,555 | ▼ 58.2% |
| Income taxes67/77 | €1,675 | €120 | €494 | €13,381 | €4,950 | ▼ 63.0% |
| Profit (loss) for the period9904 | €5,146 | €4,830 | €24,437 | €26,178 | €11,604 | ▼ 55.7% |
| Profit (loss) for the period to be appropriated9905 | €5,146 | €4,830 | €24,437 | €26,178 | €11,604 | ▼ 55.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €474,708 | €580,175 | €593,581 | €608,041 | €587,086 | ▼ 3.4% |
| Fixed assets21/28 | €380,038 | €503,991 | €514,654 | €516,513 | €514,998 | ▼ 0.3% |
| Tangible fixed assets22/27 | €380,038 | €503,991 | €514,654 | €514,938 | €513,423 | ▼ 0.3% |
| Land and buildings22 | €370,041 | €360,224 | €350,406 | €340,589 | €330,771 | ▼ 2.9% |
| Plant, machinery and equipment23 | €5,159 | €40,003 | €37,704 | €32,870 | €28,037 | ▼ 14.7% |
| Furniture and vehicles24 | €4,838 | €3,326 | €1,963 | €2,842 | €2,090 | ▼ 26.5% |
| Other tangible fixed assets26 | - | €100,438 | €124,581 | €138,637 | €152,525 | ▲ 10.0% |
| Financial fixed assets28 | €0 | - | - | €1,575 | €1,575 | = |
| Current assets29/58 | €94,670 | €76,185 | €78,927 | €91,528 | €72,088 | ▼ 21.2% |
| Stocks and contracts in progress3 | €54,466 | €52,500 | €52,600 | €63,079 | €39,250 | ▼ 37.8% |
| Stocks30/36 | €54,466 | €52,500 | €52,600 | €63,079 | €39,250 | ▼ 37.8% |
| Amounts receivable within one year40/41 | €2,594 | €4,721 | €5,677 | €10,793 | €14,218 | ▲ 31.7% |
| Trade receivables40 | €2,594 | €4,721 | €5,677 | €4,065 | €890 | ▼ 78.1% |
| Other amounts receivable41 | €0 | - | - | €6,729 | €13,328 | ▲ 98.1% |
| Cash at bank and in hand54/58 | €36,885 | €18,735 | €19,954 | €13,114 | €16,140 | ▲ 23.1% |
| Deferred charges and accrued income490/1 | €725 | €229 | €695 | €4,542 | €2,480 | ▼ 45.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €474,708 | €580,175 | €593,581 | €608,041 | €587,086 | ▼ 3.4% |
| Equity10/15 | €30,067 | €34,897 | €59,334 | €85,513 | €97,117 | ▲ 13.6% |
| Contributions10/11 | €19,000 | €19,000 | €19,000 | €19,000 | €19,000 | = |
| Reserves13 | - | - | - | €26,100 | €37,700 | ▲ 44.4% |
| Distributable reserves133 | - | - | - | €26,100 | €37,700 | ▲ 44.4% |
| Profit (loss) carried forward14 | €11,067 | €15,897 | €40,334 | €40,413 | €40,417 | = |
| Amounts payable17/49 | €444,641 | €545,278 | €534,247 | €522,529 | €489,969 | ▼ 6.2% |
| Amounts payable after more than one year17 | €310,401 | €311,856 | €398,839 | €378,794 | €352,991 | ▼ 6.8% |
| Financial debts170/4 | €310,401 | €311,856 | €398,839 | €378,794 | €352,991 | ▼ 6.8% |
| Amounts payable within one year42/48 | €134,240 | €233,422 | €135,408 | €143,734 | €136,978 | ▼ 4.7% |
| Current portion of amounts payable after more than one year42 | €24,071 | €24,572 | €29,301 | €36,725 | €28,997 | ▼ 21.0% |
| Trade debts44 | €9,463 | €109,768 | €10,596 | €14,270 | €18,799 | ▲ 31.7% |
| Suppliers440/4 | €9,463 | €109,768 | €10,596 | €14,270 | €18,799 | ▲ 31.7% |
| Taxes, remuneration and social security45 | €16,252 | €16,064 | €12,005 | €12,977 | €12,147 | ▼ 6.4% |
| Taxes450/3 | €12,074 | €11,711 | €7,046 | €12,977 | €9,104 | ▼ 29.8% |
| Remuneration and social security454/9 | €4,178 | €4,353 | €4,959 | €0 | €3,043 | - |
| Other amounts payable47/48 | €84,454 | €83,018 | €83,506 | €79,762 | €77,036 | ▼ 3.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,146 | €4,830 | €24,437 | €26,178 | €11,604 | ▼ 55.7% |
| + Depreciation and write-downs630 | €6,949 | €13,373 | €21,276 | €24,009 | €24,025 | ▲ 0.1% |
| Operating cash flow (approximation) | €12,095 | €18,203 | €45,714 | €50,188 | €35,629 | ▼ 29.0% |
| Investment in fixed assets (approximation) | - | -€137,326 | -€31,940 | -€25,869 | -€22,510 | ▲ 13.0% |
| Change in cash | - | -€18,150 | €1,219 | -€6,840 | €3,026 | ▲ 144% |
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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2019net €26,178 ▲7.1%
Operating result €49,860, net result €26,178, both a record.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
10-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €20,982
Net result €20,982 after one loss-making year.
22-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 83 days late
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.
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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, Blankenberge · 1 establishment unit since 2018
Ground area
647 m²
Building footprint
283 m²
Volume, LiDAR
1,160 m³
Parcel 31034B0342/00S000, Flanders · tallest building 6.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SevinWorkz
since 20182.275.555.167
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31034B0342/00S000 | Flanders | 647 m² | 1 · 283 m² | 6.9 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 135 companies in sector 33170 we hold annual accounts for 51. 38 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
Founded26-04-2018
Fiscal year end31-12
Activities, NACEBEL 2025
33170Repair, maintenance and installation of machinery and equipment
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
46711Wholesale of cars and light vans (up to 3.5 tonnes)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0695529293
Also
9925:BE0695529293
Registered
11-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.