Summary
Sewolar is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €286k and a net result of €28k. Equity is growing by ~41.9% per year across the filed fiscal years. Its solvency ranks better than 27% of 5547 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 30-06-2026, 31 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
31 d early
2024
27 d early
2023
14 d early
2022
31 d early
2021
54 d early
2020
26 d early
2019
17 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€286k▲ 10.8%
2024 · €258k
2019: €41klowest in 7 years
2020: €50k▲ +21.7% vs 2019
2021: €66k▲ +32.5% vs 2020
2022: €85k▲ +28.9% vs 2021
2023: €242k▲ +186% vs 2022
2024: €258k▲ +6.5% vs 2023
2025: €286k▲ +10.8% vs 2024highest in 7 years
2019 → 2025
Net result
€28k▲ 76.7%
2024 · €16k
2019: €39k
2020: €9k▼ -77.2% vs 2019lowest in 7 years
2021: €16k▲ +82.7% vs 2020
2022: €19k▲ +17.9% vs 2021
2023: €157k▲ +727% vs 2022highest in 7 years
2024: €16k▼ -90.0% vs 2023
2025: €28k▲ +76.7% vs 2024
2019 → 2025
Total assets
€1.08M▲ 49.0%
2024 · €723k
2019: €177klowest in 7 years
2020: €203k▲ +14.4% vs 2019
2021: €278k▲ +36.9% vs 2020
2022: €333k▲ +19.7% vs 2021
2023: €477k▲ +43.4% vs 2022
2024: €723k▲ +51.5% vs 2023
2025: €1.08M▲ +49.0% vs 2024highest in 7 years
2019 → 2025
Solvency
26.5%▼ 9.2pp
2024 · 35.7%
2019: 23.0%lowest in 7 years
2020: 24.5%▲ +6.4% vs 2019
2021: 23.7%▼ -3.2% vs 2020
2022: 25.5%▲ +7.7% vs 2021
2023: 50.8%▲ +99.2% vs 2022highest in 7 years
2024: 35.7%▼ -29.7% vs 2023
2025: 26.5%▼ -25.6% vs 2024
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€66k-€85k▲ 28.9%€242k▲ 186%€258k▲ 6.5%€286k▲ 10.8%
2021: €66klowest in 5 years
2022: €85k▲ +28.9% vs 2021
2023: €242k▲ +186% vs 2022
2024: €258k▲ +6.5% vs 2023
2025: €286k▲ +10.8% vs 2024highest in 5 years
Operating result€12k-€13k▲ 8.3%€12k▼ 9.0%€6k▼ 45.2%€14k▲ 119%
2021: €12k
2022: €13k▲ +8.3% vs 2021
2023: €12k▼ -9.0% vs 2022
2024: €6k▼ -45.2% vs 2023lowest in 5 years
2025: €14k▲ +119% vs 2024highest in 5 years
Net result€16k-€19k▲ 17.9%€157k▲ 727%€16k▼ 90.0%€28k▲ 76.7%
2021: €16k
2022: €19k▲ +17.9% vs 2021
2023: €157k▲ +727% vs 2022highest in 5 years
2024: €16k▼ -90.0% vs 2023lowest in 5 years
2025: €28k▲ +76.7% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 119% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.08M
Fixed assets
€980k ▲ 43.2%
Current assets
€96k ▲ 153%
Equity and liabilities €1.08M
Equity
€286k ▲ 10.8%
Debt
€791k ▲ 70.2%
Debt's share of the balance-sheet total rises from 64.3% to 73.5%. Equity and debt are higher.
Key figures and ratios
ROE
9.7%▲
2024 · 6.1%
ROA
2.6%▲
2024 · 2.2%
Debt ≤ 1 year
€14k▲
2024 · €9k
Debt > 1 year
€775k▲
2024 · €451k
Income taxes
€9k▲
2024 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €559 | €460 | €499 | €513 | €528 | ▲ 2.8% |
| Gross operating margin9900 | €12k | €13k | €12k | €7k | €14k | ▲ 110% |
| Operating profit (loss)9901 | €12k | €13k | €12k | €6k | €14k | ▲ 119% |
| Financial income75/76B | €11k | €15k | €155k | €18k | €31k | ▲ 72.0% |
| Recurring financial income75 | €11k | €15k | €14k | €18k | €31k | ▲ 72.0% |
| Non-recurring financial income76B | - | - | €141k | €0 | - | - |
| Financial charges65/66B | €3k | €3k | €3k | €3k | €7k | ▲ 129% |
| Recurring financial charges65 | €3k | €3k | €3k | €3k | €7k | ▲ 129% |
| Profit (loss) for the period before taxes9903 | €20k | €24k | €163k | €21k | €37k | ▲ 77.5% |
| Income taxes67/77 | €4k | €5k | €6k | €5k | €9k | ▲ 80.0% |
| Profit (loss) for the period9904 | €16k | €19k | €157k | €16k | €28k | ▲ 76.7% |
| Profit (loss) for the period to be appropriated9905 | €16k | €19k | €157k | €16k | €28k | ▲ 76.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €278k | €333k | €477k | €723k | €1.08M | ▲ 49.0% |
| Fixed assets21/28 | €272k | €322k | €236k | €685k | €980k | ▲ 43.2% |
| Financial fixed assets28 | €272k | €322k | €236k | €685k | €980k | ▲ 43.2% |
| Current assets29/58 | €6k | €11k | €241k | €38k | €96k | ▲ 153% |
| Amounts receivable within one year40/41 | €80 | €5 | €216k | €4k | €38k | ▲ 776% |
| Trade receivables40 | - | - | - | €3k | €0 | ▼ 100% |
| Other amounts receivable41 | €80 | €5 | €216k | €1k | €38k | ▲ 2,804% |
| Cash at bank and in hand54/58 | €35 | €87 | €21 | €14 | €374 | ▲ 2,643% |
| Deferred charges and accrued income490/1 | €6k | €11k | €25k | €34k | €59k | ▲ 72.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €278k | €333k | €477k | €723k | €1.08M | ▲ 49.0% |
| Equity10/15 | €66k | €85k | €242k | €258k | €286k | ▲ 10.8% |
| Contributions10/11 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves13 | €64k | €83k | €240k | €256k | €284k | ▲ 10.9% |
| Distributable reserves133 | €64k | €83k | €240k | €256k | €284k | ▲ 10.9% |
| Amounts payable17/49 | €212k | €248k | €235k | €465k | €791k | ▲ 70.2% |
| Amounts payable after more than one year17 | €202k | €209k | €212k | €451k | €775k | ▲ 71.8% |
| Financial debts170/4 | €202k | €209k | €212k | €451k | €775k | ▲ 71.8% |
| Amounts payable within one year42/48 | €7k | €34k | €18k | €9k | €14k | ▲ 53.7% |
| Financial debts43 | - | - | - | - | €11k | - |
| Credit institutions430/8 | - | - | - | - | €11k | - |
| Trade debts44 | €459 | €0 | - | €126 | €432 | ▲ 243% |
| Suppliers440/4 | €459 | €0 | - | €126 | €432 | ▲ 243% |
| Taxes, remuneration and social security45 | €6k | €9k | €9k | €7k | €3k | ▼ 57.1% |
| Taxes450/3 | €6k | €9k | €9k | €7k | €3k | ▼ 57.1% |
| Other amounts payable47/48 | - | €25k | €10k | €3k | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €4k | €4k | €4k | €4k | €2k | ▼ 63.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €16k | €19k | €157k | €16k | €28k | ▲ 76.7% |
| Operating cash flow (approximation) | €16k | €19k | €157k | €16k | €28k | ▲ 76.7% |
| Investment in fixed assets (approximation) | - | €-50k | €85k | €-448k | €-296k | ▲ 34.0% |
| Change in cash | - | €52 | €-66 | €-7 | €360 | ▲ 4,967% |
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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2019net €157k ▲727%
Net result €157k, the highest in the series.
31-12
Financial
Liquidity times 40current ratio 13.08
Current ratio from 0.32 to 13.08; short-term debt falls from €34k to €18k.
31-12
Financial
Equity above €200kEq €242k ▲186%
5 profitable years in a row build equity to €242k.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €9k ▼77.2%
Net result drops to €9k, the lowest in the series; recovery starts the following year.
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · 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, Harelbeke · 1 establishment unit since 2019
Ground area
8,464 m²
Building footprint
6,301 m²
Parcel 34322B0453/00F002, Flanders. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
Sewolar
since 20192.295.971.588
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34322B0453/00F002 | Flanders | 8,464 m² | 1 · 6,301 m² | - |
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 24,730 companies in sector 64210 we hold annual accounts for 19,766. 13,749 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
Founded11-10-2019
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.