SEYNAEVE GROUP
Open bankruptcyA bankruptcy procedure is open for SEYNAEVE GROUP according to publications in the Belgian State Gazette; curator: DELPHINE CLOET. The 2025 annual accounts show equity of €220k and a net result of €39k.
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
18 d late
2023
17 d late
2022
16 d late
2021
37 d late
2020
2 d early
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close19-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€220k▲ 21.6%
2024 · €181k
2019: €65k
2020: €163k
2021: €64k
2022: €153k
2023: €180k
2024: €181k
2019 → 2025
Total assets
€929k▼ 3.2%
2024 · €960k
2019: €481k
2020: €894k
2021: €861k
2022: €931k
2023: €992k
2024: €960k
2019 → 2025
Net result
€39k▲ 4,466%
2024 · €858
2019: €15k
2020: €98k
2021: €-99k
2022: €89k
2023: €27k
2024: €858
2019 → 2025
Working capital
€21k
2024 · €-22k
2019: €-20k
2020: €-20k
2021: €-65k
2022: €-130k
2023: €-39k
2024: €-22k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€64k-€153k▲ 140%€180k▲ 17.8%€181k▲ 0.5%€220k▲ 21.6%
Operating result€-77k-€112k€70k▼ 38.1%€27k▼ 61.3%€86k▲ 221%
Net result€-99k-€89k€27k▼ 69.5%€858▼ 96.8%€39k▲ 4,466%
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 221% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €929k
Fixed assets
€682k▼ 3.9%
Current assets
€247k▼ 1.4%
Equity and liabilities €929k
Equity
€220k▲ 21.6%
Provisions
€26k▼ 5.0%
Debt
€682k▼ 9.2%
The debt ratio falls from 78.3% to 73.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€135k▲
2024 · €75k
Cash flow
€88k▲
2024 · €49k
Solvency
23.7%▲
2024 · 18.9%
Current ratio
1.09▲
2024 · 0.92
Quick ratio
0.80▲
2024 · 0.53
Debt / equity
3.10▼
2024 · 4.15
ROE
17.8%▲
2024 · 0.5%
ROA
4.2%▲
2024 · 0.1%
Interest coverage
4.52▲
2024 · 3.21
Debt
€682k▼
2024 · €751k
Debt ≤ 1 year
€226k▼
2024 · €272k
Debt > 1 year
€455k▼
2024 · €478k
Income taxes
€19k▲
2024 · €4k
Staff costs
€122k▲
2024 · €109k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€960k€929k▼
Fixed assets21/28€709k€682k▼
Tangible fixed assets22/27€708k€681k▼
Land and buildings22€646k€621k▼
Plant, machinery and equipment23€19k€11k▼
Furniture and vehicles24€36k€44k▲
Leasing and similar rights25€8k€5k▼
Financial fixed assets28€866€866=
Current assets29/58€251k€247k▼
Stocks and contracts in progress3€106k€65k▼
Stocks30/36€106k€65k▼
Amounts receivable within one year40/41€144k€176k▲
Trade receivables40€120k€143k▲
Other amounts receivable41€24k€32k▲
Deferred charges and accrued income490/1€1k€6k▲
Equity and liabilities
Total equity and liabilities10/49€960k€929k▼
Equity10/15€181k€220k▲
Contributions10/11€20k€20k=
Reserves13€161k€200k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€88k€84k▼
Distributable reserves133€71k€114k▲
Provisions and deferred taxes16€28k€26k▼
Deferred taxes168€28k€26k▼
Amounts payable17/49€751k€682k▼
Amounts payable after more than one year17€478k€455k▼
Financial debts170/4€434k€420k▼
Other amounts payable178/9€44k€36k▼
Amounts payable within one year42/48€272k€226k▼
Current portion of amounts payable after more than one year42€38k€12k▼
Financial debts43€23k€23k=
Credit institutions430/8€23k€23k=
Trade debts44€125k€111k▼
Suppliers440/4€125k€111k▼
Taxes, remuneration and social security45€68k€49k▼
Taxes450/3€38k€33k▼
Remuneration and social security454/9€31k€15k▼
Other amounts payable47/48€19k€31k▲
Accrued charges and deferred income492/3€741€741=
Income statement
Code20242025
Remuneration, social security and pensions62€109k€122k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€48k€49k▲
Other operating charges640/8€8k€3k▼
Gross operating margin9900€192k€261k▲
Operating profit (loss)9901€27k€86k▲
Financial income75/76B€10-
Recurring financial income75€10-
Financial charges65/66B€23k€30k▲
Recurring financial charges65€23k€30k▲
Profit (loss) for the period before taxes9903€4k€56k▲
Transfer from deferred taxes780€1k€1k=
Income taxes67/77€4k€19k▲
Profit (loss) for the period9904€858€39k▲
Transfer from tax-exempt reserves789€4k€4k=
Profit (loss) for the period to be appropriated9905€5k€43k▲
Appropriation of the result
Profit (loss) to be appropriated9906€5k€43k▲
Transfer to equity691/2€5k€43k▲
To other reserves6921€5k€43k▲
Social balance
Average headcount (FTE)90872.32.3=
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
12-01
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · SEYNAEVE GROUP BV RIJKSWEG 8-10, 8520 KUURNE · event 06-01-2026
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Equity above €200kEq €220k ▲21.6%
4 profitable years in a row build equity to €220k.
2024
18-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 18 days late
2023
17-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 17 days late
2022
16-11
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 16 days late
31-03
Financial
Back to profitnet €89k
Net result €89k after one loss-making year.
31-03
Financial
Equity above €150kEq €153k ▲140%
Equity rises from €64k to €153k.
2021
07-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 37 days late
31-03
Financial
Weakest financial yearnet €-99k ▼202%
Net result drops to €-99k, the lowest in the series.
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
31-03
Financial
Highest result since 2019net €98k ▲547%
Operating result €152k, net result €98k, both a record.
31-03
Financial
Equity above €150kEq €163k ▲149%
2 profitable years in a row build equity to €163k.
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
29-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
20-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Kuurne · 1 establishment unit since 2013
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rijksweg 8-108520 KuurneGround area
349 m²
Parcel 34023C0005/00W000, Flanders. Linked by address, not a title deed.
1 establishment unit
SEYNAEVE GROUP
since 20132.219.375.836
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34023C0005/00W000 | Flanders | 349 m² | - | - |
Linked by address, not proof of ownership
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | DELPHINE CLOET GUIDO GEZELLESTRAAT 10,
8790 WAREGEM |
06-01-2026 → present |
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 500 EUR awarded · 500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 500 EUR | 500 EUR |
Schemes
Stagebonus (stopgezet)
Recognitions · licences · registrations
Dual-learning approval
2 endedSimilar companies · same sector, comparable size
ASFALT VERSCHATSE
BE 0419.295.762
Oudenaarde · Eq €219k
CLAES SANDER
BE 0538.594.973
Diepenbeek · Eq €219k
Riomax
BE 0849.282.411
Essen · Eq €221k
Architecture of Stones
BE 0718.730.606
Sint-Pieters-Leeuw · Eq €221k
NO LIMITS
BE 0448.506.224
Waterloo · Eq €222k
Of 2,327 companies in sector 42110 we hold annual accounts for 1,097. 791 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded02-05-2013
Fiscal year end31-03
Activities, NACEBEL
42110Construction of roads and motorways
31009Manufacture of furniture
31092Manufacture of furniture
43120Site preparation
46211Wholesale trade
47761Retail sale of flowers, plants, seeds and fertilisers
77310Rental and leasing activities
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.