Active BE 0896.897.929Private limited company

SEVVA

Hoveniersstraat 51 ·2018 Antwerpen, Belgium· 18 yrs active

Sector: Wholesale of diamonds and other precious stones (46861)

Conclusion Checked

SEVVA has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €137k and a net result of €-23k. Equity is shrinking by ~30.7% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 46% of 338 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€137k
Net result	€-23k
Better than sector	46%
Active	18 yrs

Financial profile 5 of 5 axes measured · computed by Checked

46 / 100

Mixed profile: strong on stability, weaker on profitability.

All 5 axes are computed from data Checked has read.

Health 40

Profitability 0

Solvency 60

Growth 32

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.6% Low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Established

Founded in 2008, 18 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

40 / 100 Weak

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€5k

estimate, not credit advice

Score history

53 2022

62 2023

42 2024

40 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 1.45 (≥ 1.0) +5

Profitability Negatieve ROE -17% -10

Interest coverage Interest coverage -3.7× (< 1.5×) -10

Profit trend Net profit up YoY +5

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview18 NBB filings

Annual accounts filed on 18-08-2026 with the NBB · fiscal year 2025 · abbreviated schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining At this pace, equity would indicatively turn negative around fiscal year 2028, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 46, Wholesale trade · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	31.4%	36.5%	better than 46% of 338 sector peers
Net result	€-23k	€44k	better than 15% of 338 sector peers
Equity	€137k	€279k	better than 35% of 338 sector peers
Gross operating margin	€-16k	€244k	better than 8% of 337 sector peers
Total assets	€435k	€1.22M	better than 26% of 338 sector peers

EBITDA

€-17k

- 22-25

Net profit

€-23k

+80.2% 22-25

Cash flow

€-23k

- 22-25

Total assets

€435k

-13.1% 22-25

Equity

€137k

-14.3% 22-25

Working capital

€135k

-15.0% 22-25

Staff costs

€687

-18.3% 22-25

Income taxes

€498

+86.2% 22-25

Debt

€298k

-12.5% 22-25

Debt ≤ 1y

€298k

-12.5% 22-25

Current ratio

1.45

-0.9% 22-25

Quick ratio

0.92

+7.6% 22-25

Solvency

31.4%

-1.4% 22-25

Debt / equity

2.18

+2.0% 22-25

ROE

-16.7%

+76.9% 22-25

ROA

-5.2%

+77.2% 22-25

Interest coverage

-3.67

- 22-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023	2022
Deposit	abbreviated schema	abbreviated schema	abbreviated schema	abbreviated schema
Revenue	-	-	-	-
EBITDA	€-17k	-	-	-
Net profit	€-23k	€-115k	€-56k	€28k
Cash flow	€-23k	-	-	-
Staff costs	-	€687	€840	-
Income taxes	€498	€267	€536	€2k
Dividends	-	-	-	-
Total assets	€435k	€500k	€544k	€1.41M
Equity	€137k	€159k	€274k	€330k
Debt	€298k	€341k	€270k	€1.08M
of which ≤ 1y	€298k	€341k	€270k	€1.08M
of which > 1y	-	-	-	-
Working capital	€135k	€159k	€274k	€330k
Employees (FTE)	-	-	-	-

Ratios (computed)

	2025	2024	2023	2022
Current ratio	1.45	1.47	2.01	1.31
Quick ratio	0.92	0.86	1.29	1.07
Working capital ratio	31.2%	31.9%	50.4%	23.5%
Solvency	31.4%	31.9%	50.4%	23.5%
Debt / equity	2.18	2.14	0.99	3.26
Long-term debt ratio	-	-	-	-
Interest coverage	-3.67	-	-	-
Gross margin	-	-	-	-
Net margin	-	-	-	-
ROA	-5.2%	-23.0%	-10.3%	2.0%
ROE	-16.7%	-72.0%	-20.4%	8.4%
EBITDA margin	-	-	-	-
Days sales outstanding	-	-	-	-
Days payable outstanding	-	-	-	-
Inventory turnover	-	-	-	-
Days inventory (DSI)	-	-	-	-

Balance-sheet composition 2025

Assets

Fixed assets €1k · 0.3% Current assets €433k · 99.7%

Equity & liabilities

Equity €137k · 31.4% Debt €298k · 68.6%

Full annual accounts (23 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€435k	€500k	€544k	€1.41M
Fixed assets	21/28	€1k	-	-	-
Tangible fixed assets	22/27	€1k	-	-	-
Current assets	29/58	€433k	€500k	€544k	€1.41M
Stocks & contracts in progress	3	€159k	€209k	€196k	€257k
Amounts receivable within one year	40/41	€215k	€173k	€162k	€921k
Cash & bank	54/58	€58k	€117k	€186k	€228k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€435k	€500k	€544k	€1.41M
Equity	10/15	€137k	€159k	€274k	€330k
Contributions / capital	10/11	€19k	€19k	€19k	€19k
Reserves	13	€256k	€256k	€256k	€312k
Accumulated profits (losses)	14	€-138k	€-115k	-	-
Amounts payable	17/49	€298k	€341k	€270k	€1.08M
Amounts payable within one year	42/48	€298k	€341k	€270k	€1.08M
Trade debts payable within one year	44	€18k	€90k	€63k	€760k
Income statement
Gross operating margin	9900	€-16k	€-111k	€-52k	€33k
Operating result	9901	€-18k	€-115k	€-53k	€32k
Financial income	75	-	€2k	€78	€1k
Financial charges	65	€5k	€1k	€2k	€4k
Result before taxes	9903	€-22k	€-115k	€-55k	€30k
Income taxes	67/77	€498	€267	€536	€2k
Net result for the period	9904	€-23k	€-115k	€-56k	€28k
Result to be appropriated	9905	€-23k	€-115k	€-56k	€28k

Directors & mandates 2 directors

Current directors & mandates

GERITS Bruno Alfons Valentine
Director
State Gazette act 24350903 (01-02-2024)

Current
01-02-2024 → present
GERITS Lennert
Director
State Gazette act 24350903 (01-02-2024)

Current
01-02-2024 → present

Legal Structure

NACE primary	Wholesale of diamonds and other precious stones(46861)
Legal form	Private limited company(610)
Incorporation	20-03-2008
Status	Active
Postal code	2018

Establishment units 1 location

SEVVA

Hoveniersstraat 51, 2018 AntwerpenWholesale trade

since 20082.170.037.775

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11808H1182/00F018 ProtectedMonumentBeurs DiamanthandelSource ↗	Flanders	2,937 m²	1 · 2,012 m²	41.6 m · 10 fl.

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.

1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Updates 11 events

All 12Financial 1Gazette 1Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

18-08

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema · 18 days late

2025

26-09

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 57 days late

2024

31-12

Financial Weakest financial yearnet €-115k

Net result drops to €-115k, the lowest in the series; recovery starts the following year.

04-10

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 65 days late

01-02

State Gazette act Director changes

Matthias Moortgat

2023

15-09

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 46 days late

2022

29-09

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 60 days late

2021

10-11

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 102 days late

2020

30-10

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 91 days late

2019

08-10

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema · 69 days late

2018

27-09

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema · 58 days late

2017

27-09

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 58 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 4 acts read

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 2 years ago

2024

01-02-2024 2 directors appointed Director changes·Matthias Moortgat

GERITS Bruno Alfons Valentine, Bestuurder
GERITS Lennert, Bestuurder

Notary: Matthias Moortgat · AntwerpenFirm: SCRIPTAS Notarissen

Original publication ↗

Technical details

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        "kbo": "0429.618.740",
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  "act_meta": {
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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Wholesale of diamonds and other precious stones46861

Names & trade names

Legal nameNL

SEVVA

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