SEYCO
ActiveSummary
SEYCO has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €373,162 and a net result of €65,602. Equity remains stable across the filed fiscal years (±1.8% per year). The computed 12-month bankruptcy probability is 0.4% (very low).
What stands out
Overview
0 of 2 deeds readAccounts 31 d earlyTurnover not published (abridged schema)
Why 90- Higher-failure-rate sector+ Long track record+ Annual accounts: healthy financial profileLatest accounts filed on timeShow the evidence
Checked score
Score 2024
Axes · tick = 2023
Profitability87▲+7
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 2.75 against 1.35 in 2023; short-term debt: 12.8% and cash: 34.6% of total assets), and 16.4% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% 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 2024Solvency, return and age of the figures
Solvency
83.6%
Return on assets
14.7%
Age of the figures
21 mo
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 · 10 filingsDeviation from the deadline
2025
31 d early
2024
7 d early
2023
27 d early
2022
32 d early
2021
32 d early
2020
31 d early
2019
29 d early
← 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 27 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 30 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Annual accounts filedfiscal year 2024 · micro…
- Highest result since 2018net €65,602 ▲93%
Financials
Fiscal year 2024Total assets €446,233Profit €65,602Solvency 83.6%Liquidity 2.75
Total assets
€446,233▲ 13.0%
2018 - 2024
Net result
€65,602▲ 93.0%
2018 - 2024
Equity
€373,162▲ 21.3%
2018 - 2024
Solvency
83.6%▲ 5.8pp
2018 - 2024
Financials · fiscal year 2024, micro schema, 2025 accounts filed, figures not processed yet
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€11,802€74,111▲ 528%€91,597▲ 23.6%€53,494▼ 41.6%€100,750▲ 88.3%
Net result-€1,754within the sector's middle half▲ 86.5%€63,187above the sector's middle half€60,377above the sector's middle half▼ 4.4%€33,990above the sector's middle half▼ 43.7%€65,602above the sector's middle half▲ 93.0%
Equity€397,011above the sector's middle half▼ 0.4%€380,694above the sector's middle half▼ 4.1%€441,071above the sector's middle half▲ 15.9%€307,560above the sector's middle half▼ 30.3%€373,162above the sector's middle half▲ 21.3%
Total assets€494,383above the sector's middle half▼ 3.4%€450,077above the sector's middle half▼ 9.0%€558,031above the sector's middle half▲ 24.0%€394,957within the sector's middle half▼ 29.2%€446,233above the sector's middle half▲ 13.0%
Debt€97,372▼ 13.8%€69,383▼ 28.7%€116,960▲ 68.6%€87,397▼ 25.3%€73,071▼ 16.4%
Working capital€121,799above the sector's middle half▼ 9.2%€110,039above the sector's middle half▼ 9.7%€137,761above the sector's middle half▲ 25.2%€19,549within the sector's middle half▼ 85.8%€99,942within the sector's middle half▲ 411%
Solvency80.3%above the sector's middle half▲ 2.4pp84.6%above the sector's middle half▲ 4.3pp79.0%above the sector's middle half▼ 5.5pp77.9%above the sector's middle half▼ 1.2pp83.6%above the sector's middle half▲ 5.8pp
Current ratio2.78within the sector's middle half▼ 0.843.13above the sector's middle half▲ 0.353.10within the sector's middle half▼ 0.031.35within the sector's middle half▼ 1.752.75within the sector's middle half▲ 1.40
Return on assets (ROA)-0.4%within the sector's middle half▲ 2.2pp14.0%within the sector's middle half▲ 14.4pp10.8%within the sector's middle half▼ 3.2pp8.6%within the sector's middle half▼ 2.2pp14.7%above the sector's middle half▲ 6.1pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, 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 and balance sheet
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 88% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €446,233
Fixed assets
€289,129 ▼ 9.4%
Current assets
€157,104 ▲ 107%
Equity and liabilities €446,233
Equity
€373,162 ▲ 21.3%
Debt
€73,071 ▼ 16.4%
Debt's share of the balance-sheet total falls from 22.1% to 16.4%. Equity is higher and debt is lower.
Key figures and ratios
Key figures and ratios
EBITDA
€137,894▲
2023 · €90,151
Cash flow
€102,745▲
2023 · €70,647
Debt to equity
0.20▼
2023 · 0.28
ROE
17.6%▲
2023 · 11.1%
Interest coverage
82.26▲
2023 · 36.64
Debt ≤ 1 year
€57,162▲
2023 · €56,175
Debt > 1 year
€15,860▼
2023 · €31,132
Income taxes
€33,600▲
2023 · €17,159
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,341 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% | 1.8% |
| 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 31,371 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.
Filed annual accounts
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,374 | €19,048 | €19,824 | €36,657 | €37,143 | ▲ 1.3% |
| Other operating charges640/8 | - | €1,424 | €764 | €265 | €546 | ▲ 106% |
| Gross operating margin9900 | €34,944 | €94,582 | €112,185 | €90,416 | €138,439 | ▲ 53.1% |
| Operating profit (loss)9901 | €11,802 | €74,111 | €91,597 | €53,494 | €100,750 | ▲ 88.3% |
| Financial income75/76B | - | €6 | €21 | €116 | €128 | ▲ 11.0% |
| Recurring financial income75 | €6 | €6 | €21 | €116 | €128 | ▲ 11.0% |
| Financial charges65/66B | - | €1,324 | €882 | €2,461 | €1,676 | ▼ 31.9% |
| Recurring financial charges65 | €2,245 | €1,324 | €882 | €2,461 | €1,676 | ▼ 31.9% |
| Profit (loss) for the period before taxes9903 | €9,563 | €72,792 | €90,736 | €51,149 | €99,202 | ▲ 93.9% |
| Income taxes67/77 | €11,317 | €9,606 | €30,359 | €17,159 | €33,600 | ▲ 95.8% |
| Profit (loss) for the period9904 | -€1,754 | €63,187 | €60,377 | €33,990 | €65,602 | ▲ 93.0% |
| Profit (loss) for the period to be appropriated9905 | €41,734 | €63,187 | €60,377 | €33,990 | €65,602 | ▲ 93.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €494,383 | €450,077 | €558,031 | €394,957 | €446,233 | ▲ 13.0% |
| Fixed assets21/28 | €304,108 | €288,341 | €354,735 | €319,234 | €289,129 | ▼ 9.4% |
| Tangible fixed assets22/27 | €304,108 | €288,341 | €354,735 | €319,234 | €289,129 | ▼ 9.4% |
| Land and buildings22 | - | €281,775 | €264,224 | €246,673 | €235,998 | ▼ 4.3% |
| Plant, machinery and equipment23 | - | €6,566 | €6,030 | €5,078 | €2,647 | ▼ 47.9% |
| Furniture and vehicles24 | - | - | €84,481 | €67,483 | €50,484 | ▼ 25.2% |
| Current assets29/58 | €190,275 | €161,736 | €203,295 | €75,724 | €157,104 | ▲ 107% |
| Amounts receivable within one year40/41 | €15,965 | €13,529 | €12,347 | €8,841 | €1,250 | ▼ 85.9% |
| Trade receivables40 | - | €13,529 | €1,429 | €8,841 | €1,250 | ▼ 85.9% |
| Other amounts receivable41 | - | - | €10,918 | - | - | - |
| Cash at bank and in hand54/58 | €174,007 | €148,206 | €190,948 | €65,428 | €154,295 | ▲ 136% |
| Deferred charges and accrued income490/1 | - | - | - | €1,455 | €1,560 | ▲ 7.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €494,383 | €450,077 | €558,031 | €394,957 | €446,233 | ▲ 13.0% |
| Equity10/15 | €397,011 | €380,694 | €441,071 | €307,560 | €373,162 | ▲ 21.3% |
| Contributions10/11 | - | €173,705 | €173,705 | €6,205 | €6,205 | = |
| Reserves13 | €301,655 | €285,338 | €345,715 | €379,704 | €445,306 | ▲ 17.3% |
| Tax-exempt reserves132 | - | €14,941 | €14,941 | €14,941 | €14,941 | = |
| Distributable reserves133 | - | €270,397 | €330,773 | €364,763 | €430,365 | ▲ 18.0% |
| Profit (loss) carried forward14 | -€78,349 | -€78,349 | -€78,349 | -€78,349 | -€78,349 | = |
| Amounts payable17/49 | €97,372 | €69,383 | €116,960 | €87,397 | €73,071 | ▼ 16.4% |
| Amounts payable after more than one year17 | €25,512 | €14,752 | €51,425 | €31,132 | €15,860 | ▼ 49.1% |
| Financial debts170/4 | - | €14,752 | €51,425 | €31,132 | €15,860 | ▼ 49.1% |
| Amounts payable within one year42/48 | €68,476 | €51,696 | €65,535 | €56,175 | €57,162 | ▲ 1.8% |
| Current portion of amounts payable after more than one year42 | - | €10,760 | €24,233 | €19,367 | €15,272 | ▼ 21.1% |
| Trade debts44 | - | €618 | - | €74 | €188 | ▲ 154% |
| Suppliers440/4 | - | €618 | - | €74 | €188 | ▲ 154% |
| Taxes, remuneration and social security45 | - | €27,416 | €32,618 | €32,603 | €40,950 | ▲ 25.6% |
| Taxes450/3 | - | €27,416 | €32,618 | €32,603 | €40,950 | ▲ 25.6% |
| Other amounts payable47/48 | - | €12,902 | €8,683 | €4,131 | €752 | ▼ 81.8% |
| Accrued charges and deferred income492/3 | - | €2,935 | - | €90 | €49 | ▼ 46.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,754 | €63,187 | €60,377 | €33,990 | €65,602 | ▲ 93.0% |
| + Depreciation and write-downs630 | €22,374 | €19,048 | €19,824 | €36,657 | €37,143 | ▲ 1.3% |
| Operating cash flow (approximation) | €20,620 | €82,235 | €80,201 | €70,647 | €102,745 | ▲ 45.4% |
| Investment in fixed assets (approximation) | - | -€3,281 | -€86,219 | -€1,155 | -€7,039 | ▼ 509% |
| Change in cash | - | -€25,801 | €42,741 | -€125,520 | €88,867 | ▲ 171% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
BUROCOM
BE 0444.831.112
Ukkel · Eq €373,008
JANS ICT CONSULTING
BE 0819.428.680
Peer · Eq €373,400
DIDAKTA
BE 0471.695.162
Wingene · Eq €371,097
UNIPHARM
BE 0893.852.030
Veurne · Eq €369,364
Ag. Timco
BE 0809.055.620
Brecht · Eq €369,180
Of 1,741 companies in this sector we hold annual accounts for 758. 473 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
13 eventsLatest 30-06-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €65,602 ▲93%
Operating result €100,750, net result €65,602, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.75
Current ratio from 1.35 to 2.75.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €63,187
Net result €63,187 after 3 loss-making years.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
18-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 49 days late
2018
20-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 51 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
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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Company details
Private limited company · founded 18-12-1990Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded18-12-1990
Fiscal year end31-12
Activities, NACEBEL 2025
46150Agents in the wholesale of furniture, household goods and hardware
E-invoicing
Reachable via Peppol
Peppol ID
0208:0442153120
Also
9925:BE0442153120
Registered
09-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Grimbergen · 1 establishment unit since 1993
Ground area
2,425 m²
Building footprint
559 m²
Volume, LiDAR
4,117 m³
2 parcels, Flanders · tallest building 12.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Vilvoordsesteenweg 71, 1850 Grimbergen
since 1993unit no. 2.051.091.724
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23025I0274/00S014 | Flanders | 1,287 m² | 1 · 189 m² | 8.0 m · 2 fl. |
| 23403H0091/00N003 | Flanders | 1,138 m² | 1 · 371 m² | 12.3 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Go further with this company
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