S.E.
ActiveSummary
The computed 12-month bankruptcy probability of S.E. is 3.6% (moderate). The 2025 annual accounts show negative equity (€-15k) and a net result of €303. Equity is shrinking by ~54.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 27965 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability70▼-1
Solvency0▼-12
Growth32=
Track record100
Bankruptcy probability, 12 months
3.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.59 against 0.75 in 2024; short-term debt: 130.3% and cash: 1.5% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
-30.3%
Return on assets
0.6%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 27965 sector peers (2025).
NBB · sector comparisonPosition among 27965 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
31 d late
2024
133 d late
2023
102 d late
2022
17 d late
2021
29 d late
2020
31 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€154k
EBIT margin
3.0%
Net result
€303▼ 84.3%
2024 · €2k
Working capital
€-26k▲ 22.6%
2024 · €-33k
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
Line20212022202320242025
Turnover€154k
Operating result€5k▼ 81.0%€-8k€-30k▼ 270%€3k€2k▼ 40.5%
Net result€3k▼ 83.5%€-9k€-31k▼ 232%€2k€303▼ 84.3%
EBIT margin3.0%
Equity€22k▲ 9.4%€13k▼ 41.5%€-18k€-16k▲ 10.9%€-15k▲ 7.7%
Total assets€33k▼ 10.7%€73k▲ 125%€85k▲ 16.0%€118k▲ 38.8%€48k▼ 59.1%
Debt€10k▼ 36.3%€60k▲ 488%€103k▲ 70.7%€134k▲ 30.2%€63k▼ 53.0%
Working capital€14k▼ 9.6%€-7k€-40k▼ 440%€-33k▲ 17.7%€-26k▲ 22.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 40% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €48k
Fixed assets
€11k ▼ 36.2%
Current assets
€37k ▼ 63.1%
Key figures and ratios
EBITDA
€11k▼
2024 · €12k
Cash flow
€10k▼
2024 · €11k
Solvency
-30.3%▼
2024 · -13.4%
Current ratio
0.59▼
2024 · 0.75
Quick ratio
0.52▼
2024 · 0.69
Debt to equity
-4.30▲
2024 · -8.45
ROA
0.6%▼
2024 · 1.6%
Interest coverage
7.02▼
2024 · 14.00
Debt ≤ 1 year
€63k▼
2024 · €134k
Staff costs
€11k▼
2024 · €13k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €154k | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €147k | €105k | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | €485 | €13k | €11k | ▼ 20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €4k | €8k | €9k | €9k | ▲ 2.5% |
| Other operating charges640/8 | €0 | €62 | - | - | €2k | - |
| Non-recurring operating charges66A | - | - | - | - | €390 | - |
| Gross operating margin9900 | €7k | €-4k | €-22k | €25k | €24k | ▼ 6.6% |
| Operating profit (loss)9901 | €5k | €-8k | €-30k | €3k | €2k | ▼ 40.5% |
| Financial income75/76B | €330 | €31 | €106 | €5 | €218 | ▲ 4,679% |
| Recurring financial income75 | €330 | €31 | €106 | €5 | €218 | ▲ 4,679% |
| Financial charges65/66B | €436 | €1k | €495 | €852 | €2k | ▲ 84.4% |
| Recurring financial charges65 | €436 | €1k | €495 | €852 | €2k | ▲ 84.4% |
| Profit (loss) for the period before taxes9903 | €4k | €-9k | €-31k | €2k | €303 | ▼ 84.3% |
| Income taxes67/77 | €1k | €74 | - | - | - | - |
| Profit (loss) for the period9904 | €3k | €-9k | €-31k | €2k | €303 | ▼ 84.3% |
| Profit (loss) for the period to be appropriated9905 | €3k | €-9k | €-31k | €2k | €303 | ▼ 84.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €33k | €73k | €85k | €118k | €48k | ▼ 59.1% |
| Fixed assets21/28 | €8k | €21k | €23k | €17k | €11k | ▼ 36.2% |
| Tangible fixed assets22/27 | €8k | €18k | €20k | €15k | €11k | ▼ 25.4% |
| Plant, machinery and equipment23 | - | - | €7k | €4k | €1k | ▼ 67.5% |
| Furniture and vehicles24 | €8k | €18k | €13k | €11k | €10k | ▼ 12.1% |
| Financial fixed assets28 | - | €3k | €3k | €3k | - | - |
| Current assets29/58 | €25k | €53k | €62k | €100k | €37k | ▼ 63.1% |
| Stocks and contracts in progress3 | - | - | €8k | €8k | €4k | ▼ 42.9% |
| Stocks30/36 | - | - | €8k | €8k | €4k | ▼ 42.9% |
| Amounts receivable within one year40/41 | €15k | €51k | €50k | €75k | €32k | ▼ 57.5% |
| Trade receivables40 | €12k | €42k | €50k | €73k | €30k | ▼ 58.2% |
| Other amounts receivable41 | €3k | €9k | €76 | €2k | €1k | ▼ 38.0% |
| Cash at bank and in hand54/58 | €10k | €2k | €5k | €18k | €703 | ▼ 96.0% |
| Deferred charges and accrued income490/1 | €0 | - | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €33k | €73k | €85k | €118k | €48k | ▼ 59.1% |
| Equity10/15 | €22k | €13k | €-18k | €-16k | €-15k | ▲ 7.7% |
| Contributions10/11 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves13 | €10k | €10k | €10k | €10k | €10k | = |
| Distributable reserves133 | €10k | €10k | €10k | €10k | €10k | = |
| Profit (loss) carried forward14 | €10k | €851 | €-30k | €-28k | €-27k | ▲ 4.3% |
| Amounts payable17/49 | €10k | €60k | €103k | €134k | €63k | ▼ 53.0% |
| Amounts payable within one year42/48 | €10k | €60k | €103k | €134k | €63k | ▼ 53.0% |
| Trade debts44 | €835 | €38k | €61k | €74k | €41k | ▼ 44.7% |
| Suppliers440/4 | €835 | €38k | €61k | €74k | €41k | ▼ 44.7% |
| Taxes, remuneration and social security45 | €6k | €3k | €9k | €11k | - | - |
| Taxes450/3 | €6k | - | €5k | €2k | - | - |
| Remuneration and social security454/9 | - | €3k | €4k | €8k | - | - |
| Other amounts payable47/48 | €3k | €19k | €33k | €49k | €22k | ▼ 55.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €-9k | €-31k | €2k | €303 | ▼ 84.3% |
| + Depreciation and write-downs630 | €3k | €4k | €8k | €9k | €9k | ▲ 2.5% |
| Operating cash flow (approximation) | €6k | €-5k | €-23k | €11k | €10k | ▼ 12.7% |
| Investment in fixed assets (approximation) | - | €-17k | €-10k | €-4k | €-3k | ▲ 21.6% |
| Change in cash | - | €-8k | €3k | €13k | €-17k | ▼ 230% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
11-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 133 days late
2024
31-12
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
10-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 102 days late
2023
31-12
Financial
Weakest financial yearnet €-31k
Net result drops to €-31k, the lowest in the series; recovery starts the following year.
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Genk · 2 establishment units since 2019
Ground area
7.6 ha
Building footprint
3.2 ha
Volume, LiDAR
318,722 m³
3 parcels, Flanders · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
S.E.
since 20192.294.229.647
SR Tunning
since 20222.337.732.761
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71304E0701/00G000 | Flanders | 7.6 ha | 1 · 3.2 ha | 11.7 m · 3 fl. |
| 71016I0256/00M002 | Flanders | 166 m² | 1 · 129 m² | 10.7 m · 2 fl. |
| 71307H0002/00G058 | Flanders | 11 m² | - | - |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
3 categoriesS.E. BV41910
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Of 1,124 companies in sector 43212 we hold annual accounts for 420. 266 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
Founded02-10-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43212Electrical installation work in industrial facilities
33200Installation of industrial machinery and equipment
Contact
E-mail
Erkamsarii@hotmail.comGenk
Scores and ratios are computed by Checked and are not a credit decision.