SSE
ActiveSummary
SSE has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.0m and a net result of €1.7m. Equity is growing by ~5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability23▲+4
Solvency29▲+3
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110,000 at 30 days acceptable
Liquidity tight (current ratio 1.02 against 0.99 in 2023; short-term debt: 96.1% and cash: 91.8% of total assets), and 96.1% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
3.9%
Return on assets
3.3%
Age of the figures
21 mo
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 27-06-2025, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
41 d early
2022
56 d late
2021
20 d early
2020
25 d early
2019
35 d late
← 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 5 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€2.0m▲ 610%
2023 · €286,221
Total assets
€52.5m▲ 38.1%
2023 · €38.0m
Net result
€1.7m▲ 34,294%
2023 · €5,080
Working capital
€1.1m
2023 · -€264,218
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€103,600▲ 440%€202,354▲ 95.3%€107,448▼ 46.9%-€1.5m-€16,534▲ 98.9%
Net result€8,790▼ 30.5%€14,282▲ 62.5%€13,727▼ 3.9%€5,080▼ 63.0%€1.7m▲ 34,294%
Equity€253,132▲ 3.6%€267,414▲ 5.6%€281,141▲ 5.1%€286,221▲ 1.8%€2.0m▲ 610%
Total assets€32.6m▼ 9.6%€41.3m▲ 26.6%€37.9m▼ 8.1%€38.0m▲ 0.2%€52.5m▲ 38.1%
Debt€32.3m▼ 9.6%€41.0m▲ 26.8%€37.6m▼ 8.2%€37.7m▲ 0.2%€50.4m▲ 33.8%
Working capital-€84,537▲ 52.6%-€45,886▲ 45.7%-€88,320▼ 92.5%-€264,218▼ 199%€1.1m
Staff (FTE)57.1▼ 0.7%57.5▲ 0.7%60.1▲ 4.5%66.8▲ 11.1%63.6▼ 4.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2024 Net result +34,294%, Equity +610% on 2023. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €16,534 in 2024 against €1.5m in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €52.5m
Fixed assets
€955,613 ▲ 69.5%
Current assets
€51.5m ▲ 37.7%
Equity and liabilities €52.5m
Equity
€2.0m ▲ 610%
Debt
€50.4m ▲ 33.8%
Debt's share of the balance-sheet total falls from 99.2% to 96.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€99,030▲
2023 · -€1.5m
Cash flow
€1.9m▲
2023 · €85,690
Current ratio
1.02▲
2023 · 0.99
Debt to equity
24.81
ROE
85.9%▲
2023 · 1.8%
ROA
3.3%▲
2023 · 0.0%
Interest coverage
0.06▲
2023 · -46.87
Debt ≤ 1 year
€50.4m▲
2023 · €37.7m
Income taxes
€27,360▼
2023 · €210,401
Staff costs
€5.1m▼
2023 · €5.6m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 202 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 99% are still going.
- Medium-sized
- 20 years or older
- solvency under 10%
- a profit under 5% of the balance sheet
0.5%
went bankrupt
0%
stopped otherwise
99%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 202 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €4.5m | €4.6m | €5.6m | €5.1m | ▼ 8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €96,865 | €54,469 | €62,658 | €80,610 | €115,564 | ▲ 43.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €4,380 | -€2,012 | ▼ 146% |
| Other operating charges640/8 | - | €19,404 | €35,039 | €37,116 | €53,528 | ▲ 44.2% |
| Gross operating margin9900 | €4.2m | €4.7m | €4.8m | €4.2m | €5.3m | ▲ 26.1% |
| Operating profit (loss)9901 | €103,600 | €202,354 | €107,448 | -€1.5m | -€16,534 | ▲ 98.9% |
| Financial income75/76B | - | €117 | €26 | €1.8m | €3.4m | ▲ 92.3% |
| Recurring financial income75 | €4,759 | €117 | €26 | €1.8m | €3.4m | ▲ 92.3% |
| Financial charges65/66B | - | €184,468 | €89,747 | €31,161 | €1.6m | ▲ 5,184% |
| Recurring financial charges65 | €94,560 | €184,468 | €89,747 | €31,161 | €1.6m | ▲ 5,184% |
| Profit (loss) for the period before taxes9903 | €13,799 | €18,004 | €17,727 | €215,481 | €1.8m | ▲ 724% |
| Income taxes67/77 | €5,008 | €3,721 | €4,000 | €210,401 | €27,360 | ▼ 87.0% |
| Profit (loss) for the period9904 | €8,790 | €14,282 | €13,727 | €5,080 | €1.7m | ▲ 34,294% |
| Profit (loss) for the period to be appropriated9905 | €8,790 | €14,282 | €13,727 | €5,080 | €1.7m | ▲ 34,294% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €32.6m | €41.3m | €37.9m | €38.0m | €52.5m | ▲ 38.1% |
| Fixed assets21/28 | €346,567 | €320,890 | €372,461 | €563,883 | €955,613 | ▲ 69.5% |
| Intangible fixed assets21 | €7,936 | €4,771 | €1,605 | - | €313,155 | - |
| Tangible fixed assets22/27 | €125,494 | €102,982 | €157,719 | €350,746 | €426,221 | ▲ 21.5% |
| Furniture and vehicles24 | - | €85,665 | €143,692 | €340,230 | €420,656 | ▲ 23.6% |
| Leasing and similar rights25 | - | - | €7,456 | €6,372 | €3,208 | ▼ 49.7% |
| Other tangible fixed assets26 | - | €17,316 | €6,571 | €4,144 | €2,357 | ▼ 43.1% |
| Financial fixed assets28 | €213,137 | €213,137 | €213,137 | €213,137 | €216,237 | ▲ 1.5% |
| Current assets29/58 | €32.2m | €40.9m | €37.5m | €37.4m | €51.5m | ▲ 37.7% |
| Amounts receivable within one year40/41 | €7.8m | €2.4m | €2.7m | €2.4m | €3.3m | ▲ 35.6% |
| Trade receivables40 | - | €1.1m | €1.4m | €2.4m | €3.3m | ▲ 35.9% |
| Other amounts receivable41 | - | €1.3m | €1.3m | €4,778 | - | - |
| Current investments50/53 | €4.4m | €4.4m | €4.4m | €17,691 | - | - |
| Cash at bank and in hand54/58 | €20.1m | €34.1m | €30.4m | €34.9m | €48.2m | ▲ 37.9% |
| Deferred charges and accrued income490/1 | - | - | €3,257 | €36,528 | €54,904 | ▲ 50.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €32.6m | €41.3m | €37.9m | €38.0m | €52.5m | ▲ 38.1% |
| Equity10/15 | €253,132 | €267,414 | €281,141 | €286,221 | €2.0m | ▲ 610% |
| Profit (loss) carried forward14 | €253,132 | €267,414 | €281,141 | €286,221 | €2.0m | ▲ 610% |
| Amounts payable17/49 | €32.3m | €41.0m | €37.6m | €37.7m | €50.4m | ▲ 33.8% |
| Amounts payable within one year42/48 | €32.3m | €41.0m | €37.6m | €37.7m | €50.4m | ▲ 33.8% |
| Trade debts44 | €800,472 | €706,198 | €872,925 | €2.7m | €1.4m | ▼ 49.3% |
| Suppliers440/4 | - | €706,198 | €872,925 | €2.7m | €1.4m | ▼ 49.3% |
| Taxes, remuneration and social security45 | - | €1.1m | €1.4m | €1.9m | €1.7m | ▼ 7.9% |
| Taxes450/3 | - | €384,275 | €585,042 | €490,633 | €682,252 | ▲ 39.1% |
| Remuneration and social security454/9 | - | €738,336 | €782,466 | €1.4m | €1.1m | ▼ 24.4% |
| Accrued charges and deferred income492/3 | - | €7,590 | €3,000 | €13,444 | €9,001 | ▼ 33.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,790 | €14,282 | €13,727 | €5,080 | €1.7m | ▲ 34,294% |
| + Depreciation and write-downs630 | €96,865 | €54,469 | €62,658 | €80,610 | €115,564 | ▲ 43.4% |
| Operating cash flow (approximation) | €105,656 | €68,751 | €76,385 | €85,690 | €1.9m | ▲ 2,074% |
| Investment in fixed assets (approximation) | - | -€28,792 | -€114,229 | -€272,032 | -€507,294 | ▼ 86.5% |
| Change in cash | - | €14.1m | -€3.7m | €4.5m | €13.2m | ▲ 192% |
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
2026
08-09
State Gazette act
Resignation: Marc Vandenbroucke (director)Appointment: Lieven De Maertelaere (director) · Power of attorney5 facts ▸
State Gazette act
Resignation: Marc Vandenbroucke (director)
Appointment: Lieven De Maertelaere (director) · Power of attorney5 facts ▸
- General meeting, 18-06-2026
- Director resignation, Marc Vandenbroucke (director)
- Director appointment, Lieven De Maertelaere (director)
- Power of attorney, Nikolaas Deloof
- Power of attorney, Katia De Wilde
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €1.7m ▲34,294%
Net result €1.7m, the highest in the series.
31-12
Financial
Equity above €2mEq €2.0m ▲610%
7 profitable years in a row build equity to €2.0m.
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €5,080 ▼63%
Net result drops to €5,080, the lowest in the series; recovery starts the following year.
25-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 56 days late
2022
11-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
04-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 35 days late
2019
13-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
09-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
23-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 13 acts read
About the unread acts
Of the 13 Belgian State Gazette acts we know for this company, 1 has been read. The other 12 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Lieven De Maertelaere
CurrentDirector · since 18-06-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
12 of this company's 13 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Tielt · 9 establishment units since 2003
Ground area
4.5 ha
Building footprint
1.3 ha
Volume, LiDAR
141,943 m³
9 parcels, Brussels, Flanders, Wallonia · tallest building 33.0 m, ±9 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
9 establishment units
SSE vzw
since 20032.146.268.421
Brussel
since 20032.146.270.005
Kantoor Brugge
since 20122.206.029.032
SSE
since 20152.238.220.560
SSE Antwerpen Berchem
since 20162.258.051.518
Kantoor Bouge
since 20172.265.453.410
Show 3 more locations
SSE Wevelgem
since 20192.301.789.808
SSE Genk
since 20222.331.263.257
SSE
since 20242.355.914.422
9 parcels
Flanders
6
(66.7%)
Wallonia
2
(22.2%)
Brussels
1
(11.1%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44062B0301/00D003 | Flanders | 1.1 ha | 1 · 3,960 m² | - |
| 11003A0289/00R000 | Flanders | 8,940 m² | 1 · 1,121 m² | 22.1 m · 6 fl. |
| 21911C0131/03F000 | Brussels | 7,530 m² | 1 · 3,037 m² | 33.0 m · 9 fl. |
| 37322B0443/00F000 | Flanders | 7,157 m² | 1 · 1,640 m² | 19.7 m · 4 fl. |
| 34041C0530/00G006 | Flanders | 3,778 m² | 1 · 796 m² | 7.8 m · 1 fl. |
| 31424B0550/00M000 | Flanders | 2,823 m² | 1 · 1,148 m² | 7.2 m · 2 fl. |
| 62806C0923/00X002 | Wallonia | 1,786 m² | 1 · 591 m² | 9.6 m · 3 fl. |
| 92039A0103/00R000 | Wallonia | 1,147 m² | 1 · 318 m² | 12.2 m · 3 fl. |
| 71016I0865/00X000 | Flanders | 754 m² | 1 · 657 m² | 12.7 m |
Linked by address, not proof of ownership
Good to know
9 of 9 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
2 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Lieven De Maertelaere |
|
| Marc Vandenbroucke |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 18,659 EUR awarded · 18,659 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,471 EUR | 2,471 EUR |
| 2024 | 1 | 8,946 EUR | 8,946 EUR |
| 2023 | 1 | 6,049 EUR | 6,049 EUR |
| 2022 | 1 | 1,193 EUR | 1,193 EUR |
Schemes
Recognitions · licences · registrations
Legal Entity Identifier
549300BL6U5ICXX9XT59
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Of 11,219 companies in sector 82100 we hold annual accounts for 3,509. 2,291 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formNon-profit association
Founded13-07-1995
Fiscal year end31-12
Trade name
Soc.Secr.Soc.
Activities, NACEBEL 2025
82100Office administrative and support services
Contact
Phone
051 480180Tielt
Phone
02 7430488Schaarbeek
Phone
056410368Wevelgem
E-invoicing
Reachable via Peppol
Peppol ID
0208:0456799031
Also
9925:BE0456799031
Registered
09-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.