A - M SEVADEPANNAGES
ActiveSummary
A - M SEVADEPANNAGES has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €601k and a net result of €183k. Equity is growing by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 56% of 674 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability89▲+1
Solvency77▲+6
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 2.8 against 2.79 in 2024; short-term debt: 27.9% and cash: 29% of total assets), and 48% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 25
Relative position
BE, all sectors
reference
Sector 25
higher
← 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 2025Solvency, return and age of the figures
Solvency
52%
Return on assets
15.8%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 23-03-2026, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
38 d early
2024
37 d early
2023
57 d early
2022
48 d early
2021
33 d early
2020
42 d early
2019
9 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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€0
EBIT margin
Not included in this filing
Net result
€183k▲ 2.9%
2024 · €178k
2018: €-30k
2019: €52k
2020: €3k
2021: €53k
2022: €96k
2023: €232k
2024: €178k
2018 → 2025
Working capital
€580k▲ 6.8%
2024 · €543k
2018: €414k
2019: €125k
2020: €355k
2021: €439k
2022: €464k
2023: €500k
2024: €543k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€376k-€418k▲ 11.3%€447k▲ 6.8%€521k▲ 16.7%€601k▲ 15.3%
Operating result€70k-€131k▲ 85.4%€310k▲ 137%€246k▼ 20.6%€248k▲ 0.6%
Net result€53k-€96k▲ 81.1%€232k▲ 142%€178k▼ 23.3%€183k▲ 2.9%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 1% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.16M
Fixed assets
€253k ▼ 13.9%
Current assets
€903k ▲ 6.7%
Equity and liabilities €1.16M
Equity
€601k ▲ 15.3%
Provisions
€5k ▼ 10.7%
Debt
€550k ▼ 10.4%
Debt's share of the balance-sheet total falls from 53.8% to 47.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€303k▲
2024 · €301k
Cash flow
€239k▲
2024 · €232k
Current ratio
2.80▲
2024 · 2.79
Quick ratio
1.98▼
2024 · 1.99
Debt to equity
0.92▼
2024 · 1.18
ROE
30.5%▼
2024 · 34.1%
ROA
15.8%▲
2024 · 15.6%
Interest coverage
25.41▲
2024 · 20.08
Debt ≤ 1 year
€323k▲
2024 · €303k
Debt > 1 year
€226k▼
2024 · €301k
Income taxes
€59k▼
2024 · €61k
Staff costs
€266k▲
2024 · €243k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 64 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.14M€1.16M▲
Fixed assets21/28€294k€253k▼
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€294k€253k▼
Land and buildings22€201k€177k▼
Plant, machinery and equipment23€52k€51k▼
Furniture and vehicles24€41k€25k▼
Financial fixed assets28€61€61=
Current assets29/58€846k€903k▲
Stocks and contracts in progress3€243k€264k▲
Stocks30/36€243k€264k▲
Contracts in progress37€0-
Amounts receivable within one year40/41€178k€280k▲
Trade receivables40€142k€254k▲
Other amounts receivable41€36k€26k▼
Cash at bank and in hand54/58€411k€335k▼
Deferred charges and accrued income490/1€14k€24k▲
Equity and liabilities
Total equity and liabilities10/49€1.14M€1.16M▲
Equity10/15€521k€601k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€186k€386k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€180k€380k▲
Profit (loss) carried forward14€243k€126k▼
Investment grants15€30k€27k▼
Provisions and deferred taxes16€5k€5k▼
Deferred taxes168€5k€5k▼
Amounts payable17/49€614k€550k▼
Amounts payable after more than one year17€301k€226k▼
Financial debts170/4€301k€226k▼
Amounts payable within one year42/48€303k€323k▲
Current portion of amounts payable after more than one year42€111k€121k▲
Trade debts44€58k€74k▲
Suppliers440/4€58k€74k▲
Taxes, remuneration and social security45€31k€25k▼
Taxes450/3€2k€2k▲
Remuneration and social security454/9€29k€22k▼
Other amounts payable47/48€103k€103k=
Accrued charges and deferred income492/3€9k€1k▼
Income statement
Code20242025
Remuneration, social security and pensions62€243k€266k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€55k€56k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-17k
Other operating charges640/8€12k€28k▲
Gross operating margin9900€555k€580k▲
Operating profit (loss)9901€246k€248k▲
Financial income75/76B€7k€6k▼
Recurring financial income75€7k€6k▼
Financial charges65/66B€15k€12k▼
Recurring financial charges65€15k€12k▼
Profit (loss) for the period before taxes9903€238k€242k▲
Transfer from deferred taxes780€558€558=
Income taxes67/77€61k€59k▼
Profit (loss) for the period9904€178k€183k▲
Profit (loss) for the period to be appropriated9905€178k€183k▲
Appropriation of the result
Profit (loss) to be appropriated9906€343k€426k▲
Profit (loss) brought forward from the previous period14P€165k€243k▲
Transfer to equity691/2-€200k
To other reserves6921-€200k
Profit to be distributed694/7€100k€100k=
Return on contributions (dividend)694€100k€100k=
Social balance
Average headcount (FTE)90874.34.4▲
The notes to these accounts (17 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
23-03
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
24-03
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-09
Financial
Equity above €500kEq €521k ▲16.7%
6 profitable years in a row build equity to €521k.
04-03
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-09
Financial
Highest result since 2018net €232k ▲142%
Operating result €310k, net result €232k, both a record.
13-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
28-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
19-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
21-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
30-09
Financial
Back to profitnet €52k
Net result €52k after one loss-making year.
22-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
13-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
12 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, Villers-le-Bouillet · 1 establishment unit since 2002
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.
Rue de Waremme 1044530 Villers-le-BouilletGround area
2,841 m²
Building footprint
490 m²
Parcel 61068A0483/00F000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue de Waremme 104, 4530 Villers-le-Bouillet
since 20022.231.420.761
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61068A0483/00F000 | Wallonia | 2,841 m² | 1 · 490 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.
Recognitions · licences · registrations
Recognised contractor
2 categoriesA - M SEVADEPANNAGES SA43407
Similar companies · same sector, comparable size
AMICIS
BE 0677.737.317
Herstal · Eq €600,144
LASWERKEN NYS
BE 0448.622.426
Houthalen-Helchteren · Eq €601,580
S.A. Etablissements Nicolas LAMBRETTE et Fils
BE 0434.752.812
Herve · Eq €599,758
FB CONSTRUCT
BE 0474.897.647
Kortemark · Eq €599,392
PROMINOX
BE 0460.886.590
Lebbeke · Eq €597,956
Of 3,288 companies in sector 25620 we hold annual accounts for 1,723. 1,311 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded12-11-1991
Fiscal year end30-09
Activities, NACEBEL 2025
25620Manufacture of fabricated metal products, except machinery and equipment
46500Wholesale of information and communication equipment
43211General electrical installation work
43990Other specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.