SEYNAEVE
ActiveSummary
SEYNAEVE has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €924,403 and a net result of €183,551. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 70% of 805 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability83▲+3
Solvency82▲+4
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70,000 at 30 days acceptable
Liquidity ample (current ratio 3.22 against 3.14 in 2023; short-term debt: 17.7% and cash: 28.3% of total assets), and 43.1% 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
Five 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 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% 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
56.9%
Return on assets
11.3%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €924,403
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-06-2025, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
49 d early
2022
40 d early
2021
31 d early
2020
31 d early
2019
30 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 36 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, abbreviated schema
In the rankings
#4 company by total assets in Meise, Manufacturing sector#5 company by equity in Meise, Manufacturing sector#6 oldest company in Meise, Manufacturing sector
Equity
€924,403▲ 14.3%
2023 · €808,852
Total assets
€1.6m▲ 6.5%
2023 · €1.5m
Net result
€183,551▲ 35.4%
2023 · €135,518
Working capital
€637,620▲ 24.9%
2023 · €510,588
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 10, Manufacture of food products, 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
Line20202021202220232024
Operating result€122,856▲ 45.6%€189,139▲ 54.0%€166,377▼ 12.0%€232,416▲ 39.7%€288,722▲ 24.2%
Net result€35,056within the sector's middle half▲ 6.0%€84,402within the sector's middle half▲ 141%€92,414within the sector's middle half▲ 9.5%€135,518within the sector's middle half▲ 46.6%€183,551within the sector's middle half▲ 35.4%
Equity€845,999above the sector's middle half▼ 2.8%€815,090within the sector's middle half▼ 3.7%€743,804within the sector's middle half▼ 8.7%€808,852within the sector's middle half▲ 8.7%€924,403above the sector's middle half▲ 14.3%
Total assets€1.6mwithin the sector's middle half▼ 7.8%€1.6mwithin the sector's middle half▼ 0.3%€1.5mwithin the sector's middle half▼ 7.2%€1.5mwithin the sector's middle half▲ 3.7%€1.6mwithin the sector's middle half▲ 6.5%
Debt€743,044▼ 13.0%€768,492▲ 3.4%€726,213▼ 5.5%€715,452▼ 1.5%€699,464▼ 2.2%
Working capital€603,509▲ 1.4%€550,753▼ 8.7%€455,567▼ 17.3%€510,588▲ 12.1%€637,620▲ 24.9%
Solvency53.2%within the sector's middle half▲ 2.8pp51.5%within the sector's middle half▼ 1.8pp50.6%within the sector's middle half▼ 0.9pp53.1%within the sector's middle half▲ 2.5pp56.9%within the sector's middle half▲ 3.9pp
Staff (FTE)8within the sector's middle half▲ 6.7%8.3within the sector's middle half▲ 3.8%9within the sector's middle half▲ 8.4%7.9within the sector's middle half▼ 12.2%8within the sector's middle half▲ 1.3%
above
within
below
the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 24% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.6m
Fixed assets
€699,362 ▼ 9.8%
Current assets
€924,506 ▲ 23.4%
Equity and liabilities €1.6m
Equity
€924,403 ▲ 14.3%
Debt
€699,464 ▼ 2.2%
Debt's share of the balance-sheet total falls from 46.9% to 43.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€380,557▲
2023 · €313,519
Cash flow
€275,386▲
2023 · €216,621
Current ratio
3.22▲
2023 · 3.14
Quick ratio
3.08▲
2023 · 2.96
Debt to equity
0.76▼
2023 · 0.88
ROE
19.9%▲
2023 · 16.8%
ROA
11.3%▲
2023 · 8.9%
Interest coverage
11.30▲
2023 · 8.94
Debt ≤ 1 year
€286,886▲
2023 · €238,442
Debt > 1 year
€384,081▼
2023 · €449,456
Income taxes
€86,448▲
2023 · €63,234
Staff costs
€541,901▲
2023 · €535,700
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% 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
0.4%
went bankrupt
5.9%
stopped otherwise
93%
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 0.6% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 31,324 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €6,787 | - | - |
| Remuneration, social security and pensions62 | - | €426,980 | €455,391 | €535,700 | €541,901 | ▲ 1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €110,298 | €91,493 | €78,149 | €81,103 | €91,835 | ▲ 13.2% |
| Other operating charges640/8 | - | €11,860 | €11,616 | €13,206 | €14,763 | ▲ 11.8% |
| Non-recurring operating charges66A | - | - | - | €695 | - | - |
| Gross operating margin9900 | €655,408 | €719,472 | €711,534 | €863,120 | €937,221 | ▲ 8.6% |
| Operating profit (loss)9901 | €122,856 | €189,139 | €166,377 | €232,416 | €288,722 | ▲ 24.2% |
| Financial income75/76B | - | €384 | €473 | €1,425 | €14,969 | ▲ 951% |
| Recurring financial income75 | €832 | €384 | €473 | €1,425 | €14,969 | ▲ 951% |
| Financial charges65/66B | - | €34,815 | €33,098 | €35,088 | €33,692 | ▼ 4.0% |
| Recurring financial charges65 | €36,419 | €34,815 | €33,098 | €35,088 | €33,692 | ▼ 4.0% |
| Profit (loss) for the period before taxes9903 | €87,269 | €154,709 | €133,752 | €198,752 | €269,999 | ▲ 35.8% |
| Income taxes67/77 | €52,213 | €70,307 | €41,338 | €63,234 | €86,448 | ▲ 36.7% |
| Profit (loss) for the period9904 | €35,056 | €84,402 | €92,414 | €135,518 | €183,551 | ▲ 35.4% |
| Transfer from tax-exempt reserves789 | - | €120,300 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €155,356 | €204,702 | €92,414 | €135,518 | €183,551 | ▲ 35.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.6m | €1.6m | €1.5m | €1.5m | €1.6m | ▲ 6.5% |
| Fixed assets21/28 | €804,730 | €785,729 | €760,243 | €775,275 | €699,362 | ▼ 9.8% |
| Tangible fixed assets22/27 | €804,730 | €785,729 | €760,243 | €775,275 | €699,362 | ▼ 9.8% |
| Land and buildings22 | - | €691,181 | €660,890 | €611,807 | €569,495 | ▼ 6.9% |
| Plant, machinery and equipment23 | - | €81,368 | €90,312 | €98,470 | €78,736 | ▼ 20.0% |
| Furniture and vehicles24 | - | €13,181 | €9,041 | €6,856 | €4,745 | ▼ 30.8% |
| Leasing and similar rights25 | - | - | - | €58,143 | €46,386 | ▼ 20.2% |
| Current assets29/58 | €784,312 | €797,853 | €709,775 | €749,029 | €924,506 | ▲ 23.4% |
| Stocks and contracts in progress3 | €38,820 | €36,789 | €37,600 | €42,489 | €40,848 | ▼ 3.9% |
| Stocks30/36 | - | €36,789 | €37,600 | €42,489 | €40,848 | ▼ 3.9% |
| Amounts receivable within one year40/41 | €117,207 | €9,319 | €20,083 | €15,855 | €12,088 | ▼ 23.8% |
| Trade receivables40 | - | €7,135 | €15,308 | €14,690 | €10,615 | ▼ 27.7% |
| Other amounts receivable41 | - | €2,184 | €4,776 | €1,166 | €1,473 | ▲ 26.3% |
| Current investments50/53 | - | - | - | €200,000 | €400,000 | ▲ 100% |
| Cash at bank and in hand54/58 | €618,063 | €744,055 | €640,962 | €481,154 | €460,064 | ▼ 4.4% |
| Deferred charges and accrued income490/1 | - | €7,690 | €11,129 | €9,531 | €11,505 | ▲ 20.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.6m | €1.6m | €1.5m | €1.5m | €1.6m | ▲ 6.5% |
| Equity10/15 | €845,999 | €815,090 | €743,804 | €808,852 | €924,403 | ▲ 14.3% |
| Contributions10/11 | - | €78,600 | €78,600 | €78,600 | €78,600 | = |
| Reserves13 | €335,161 | €151,361 | €40,861 | €40,861 | €40,861 | = |
| Non-distributable reserves130/1 | - | €22,111 | €22,111 | - | - | - |
| Reserves not available under the articles1311 | - | €22,111 | €22,111 | - | - | - |
| Tax-exempt reserves132 | - | €18,750 | €18,750 | €18,750 | €18,750 | = |
| Distributable reserves133 | - | €110,500 | - | €22,111 | €22,111 | = |
| Profit (loss) carried forward14 | €432,237 | €585,129 | €624,343 | €689,391 | €804,942 | ▲ 16.8% |
| Amounts payable17/49 | €743,044 | €768,492 | €726,213 | €715,452 | €699,464 | ▼ 2.2% |
| Amounts payable after more than one year17 | €527,103 | €503,543 | €454,056 | €449,456 | €384,081 | ▼ 14.5% |
| Financial debts170/4 | - | €503,543 | €454,056 | €449,456 | €384,081 | ▼ 14.5% |
| Amounts payable within one year42/48 | €180,803 | €247,100 | €254,207 | €238,442 | €286,886 | ▲ 20.3% |
| Current portion of amounts payable after more than one year42 | - | €47,345 | €49,487 | €62,507 | €65,375 | ▲ 4.6% |
| Financial debts43 | - | €50,000 | €25,000 | €6,754 | - | - |
| Other loans439 | - | €50,000 | €25,000 | €6,754 | - | - |
| Trade debts44 | €47,013 | €58,526 | €89,472 | €61,852 | €95,552 | ▲ 54.5% |
| Suppliers440/4 | - | €58,526 | €89,472 | €61,852 | €95,552 | ▲ 54.5% |
| Taxes, remuneration and social security45 | - | €63,279 | €70,990 | €84,364 | €102,324 | ▲ 21.3% |
| Taxes450/3 | - | €13,634 | €19,948 | €33,233 | €49,803 | ▲ 49.9% |
| Remuneration and social security454/9 | - | €49,645 | €51,042 | €51,131 | €52,521 | ▲ 2.7% |
| Other amounts payable47/48 | - | €27,950 | €19,259 | €22,964 | €23,635 | ▲ 2.9% |
| Accrued charges and deferred income492/3 | - | €17,849 | €17,950 | €27,555 | €28,497 | ▲ 3.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €35,056 | €84,402 | €92,414 | €135,518 | €183,551 | ▲ 35.4% |
| + Depreciation and write-downs630 | €110,298 | €91,493 | €78,149 | €81,103 | €91,835 | ▲ 13.2% |
| Operating cash flow (approximation) | €145,355 | €175,895 | €170,563 | €216,621 | €275,386 | ▲ 27.1% |
| Investment in fixed assets (approximation) | - | -€72,493 | -€52,663 | -€96,134 | -€15,922 | ▲ 83.4% |
| Change in cash | - | €125,991 | -€103,093 | -€159,808 | -€21,090 | ▲ 86.8% |
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
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €183,551 ▲35.4%
Operating result €288,722, net result €183,551, both a record.
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €33,071 ▼51.4%
Net result drops to €33,071, the lowest in the series; recovery starts the following year.
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
15-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Meise · 1 establishment unit since 1992
Ground area
359 m²
Building footprint
355 m²
Volume, LiDAR
2,289 m³
Parcel 23050G0134/02D002, Flanders · tallest building 11.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BANKETBAKKERIJ R. VERPLANCKEN
since 19922.057.020.008
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23050G0134/02D002 | Flanders | 359 m² | 1 · 355 m² | 11.9 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 1,501 EUR awarded · 1,325 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 176 EUR | 0 EUR |
| 2024 | 1 | 0 EUR | 507 EUR |
| 2023 | 1 | 1,190 EUR | 683 EUR |
| 2022 | 1 | 135 EUR | 135 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 site · 1 with a smileyMeise2.057.020.008
Dual-learning approval
1 live approval · 1 endedBrood- en banketbakkerij duaal (so)
Show 1 ended approval
Brood- en banketbakkerij duaal (so)
Similar companies · same sector, comparable size
BELLEFOOD CREATIONS
BE 0560.997.421
Dendermonde · Eq €921,543
KEMPINAIRE F.
BE 0466.473.592
Hastière · Eq €920,601
SPECULAASJE HEYNS
BE 0477.971.161
Herentals · Eq €920,377
BOULANGERIE THEO ET CHRISTIAN LEJEUNE
BE 0430.845.888
Herve · Eq €916,873
Vermeer Bakeries
BE 0889.073.789
Balen · Eq €916,829
Of 4,228 companies in sector 10712 we hold annual accounts for 1,874. 957 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
Founded30-03-1992
Fiscal year end31-12
Activities, NACEBEL 2025
10712Artisanal bread and fresh pastry making
E-invoicing
Reachable via Peppol
Peppol ID
0208:0447002031
Also
9925:BE0447002031
Registered
18-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.