SE-MAX
ActiveSE-MAX has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €17k and a net result of €53k. Equity is growing by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 27% of 16932 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
75
/ 100
Excellent▼ -23 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency55▼-45
Growth58▼-20
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.37 against 4.04 in 2024), and 70% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← 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
30%
Return on assets
91.4%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-03-2026, 122 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
122 d early
2024
51 d early
2023
54 d early
2022
53 d early
2021
53 d early
2020
54 d early
2019
45 d early
← before the deadline
after the deadline →
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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€17k▼ 61.6%
2024 · €45k
2018: €32k
2019: €41k
2020: €69k
2021: €66k
2022: €128k
2023: €82k
2024: €45k
2018 → 2025
Total assets
€58k▼ 1.8%
2024 · €59k
2018: €74k
2019: €104k
2020: €86k
2021: €98k
2022: €142k
2023: €91k
2024: €59k
2018 → 2025
Net result
€53k▼ 12.1%
2024 · €61k
2018: €2k
2019: €10k
2020: €65k
2021: €63k
2022: €62k
2023: €19k
2024: €61k
2018 → 2025
Working capital
€15k▼ 63.9%
2024 · €42k
2018: €3k
2019: €20k
2020: €61k
2021: €60k
2022: €125k
2023: €81k
2024: €42k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€66k-€128k▲ 93.0%€82k▼ 35.6%€45k▼ 44.8%€17k▼ 61.6%
Operating result€80k-€81k▲ 1.3%€34k▼ 58.7%€93k▲ 178%€76k▼ 18.1%
Net result€63k-€62k▼ 1.4%€19k▼ 68.9%€61k▲ 217%€53k▼ 12.1%
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 18% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €58k
Fixed assets
€2k▼ 30.0%
Current assets
€56k▼ 0.2%
Equity and liabilities €58k
Equity
€17k▼ 61.6%
Debt
€41k▲ 193%
The debt ratio rises from 23.4% to 70.0%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€77k▼
2024 · €95k
Cash flow
€54k▼
2024 · €62k
Solvency
30.0%▼
2024 · 76.6%
Current ratio
1.37▼
2024 · 4.04
Quick ratio
1.37▼
2024 · 4.04
Debt / equity
2.34▲
2024 · 0.31
ROE
304.8%▲
2024 · 133.3%
ROA
91.4%▼
2024 · 102.1%
Interest coverage
18.06▲
2024 · 16.96
Debt
€41k▲
2024 · €14k
Debt ≤ 1 year
€41k▲
2024 · €14k
Income taxes
€19k▼
2024 · €27k
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€59k€58k▼
Fixed assets21/28€3k€2k▼
Tangible fixed assets22/27€3k€2k▼
Plant, machinery and equipment23€237€0▼
Furniture and vehicles24€0-
Other tangible fixed assets26€3k€2k▼
Current assets29/58€56k€56k▼
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Amounts receivable within one year40/41€34k€14k▼
Trade receivables40€31k€10k▼
Other amounts receivable41€3k€4k▲
Cash at bank and in hand54/58€17k€40k▲
Deferred charges and accrued income490/1€5k€2k▼
Equity and liabilities
Total equity and liabilities10/49€59k€58k▼
Equity10/15€45k€17k▼
Contributions10/11€3k€3k=
Reserves13€42k€14k▼
Distributable reserves133€42k€14k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€14k€41k▲
Amounts payable within one year42/48€14k€41k▲
Trade debts44€657€1k▲
Suppliers440/4€657€1k▲
Taxes, remuneration and social security45€13k€10k▼
Taxes450/3€13k€10k▼
Other amounts payable47/48€367€30k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€941▼
Other operating charges640/8€1k€1k▲
Gross operating margin9900€96k€79k▼
Operating profit (loss)9901€93k€76k▼
Financial income75/76B€0€10▲
Recurring financial income75€0€10▲
Financial charges65/66B€6k€4k▼
Recurring financial charges65€6k€4k▼
Profit (loss) for the period before taxes9903€88k€72k▼
Income taxes67/77€27k€19k▼
Profit (loss) for the period9904€61k€53k▼
Profit (loss) for the period to be appropriated9905€61k€53k▼
Appropriation of the result
Profit (loss) to be appropriated9906€61k€53k▼
Transfer from equity791/2€98k€42k▼
Transfer to equity691/2€61k€14k▼
To other reserves6921€61k€14k▼
Profit to be distributed694/7€98k€81k▼
Return on contributions (dividend)694€98k€81k▼
The notes to these accounts (4 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
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity triplescurrent ratio 9.98
Current ratio from 2.86 to 9.98; short-term debt falls from €32k to €14k.
31-12
Financial
Equity above €100kEq €128k ▲93%
5 profitable years in a row build equity to €128k.
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €65k ▲544%
Net result €65k, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 4.46
Current ratio from 1.81 to 4.46; short-term debt falls from €25k to €18k.
16-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial 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, Bonheiden · 1 establishment unit since 2017
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.
Garsgoed 142820 BonheidenGround area
985 m²
Building footprint
125 m²
Volume, LiDAR
746 m³
Parcel 12031B0275/00S000, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SE-MAX
since 20172.270.290.839
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12031B0275/00S000 | Flanders | 985 m² | 1 · 125 m² | 8.9 m · 2 fl. |
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.
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Of 29,884 companies in sector 62200 we hold annual accounts for 18,321. 12,383 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-12-2017
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
62010Computer programming, consultancy and related activities
62100Computer programming
74201Photography, excluding press photography
77210Renting and leasing of sports and recreation goods
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.