SEBAELEC
ActiveThe computed 12-month bankruptcy probability of SEBAELEC is 3.2% (moderate). The 2024 annual accounts show equity of €2k and a net result of €-4k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 8% of 3571 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability11▲+11
Solvency11▼-2
Growth55=
Stability100
Bankruptcy probability, 12 months
3.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.95 against 0.98 in 2023), and 98.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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
Sector 43
higher
← 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 2024Solvency, return and age of the figures
Solvency
1.2%
Return on assets
-3.1%
Age of the figures
20 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
192021222324
2019 to 2024 · latest year -€4k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 3571 sector peers (2024).
NBB · sector comparisonPosition among 3571 sector peers
Solvency
better than 8%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-03-2026, 236 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
236 d late
2023
90 d late
2022
64 d late
2021
87 d late
2020
88 d late
2019
122 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€498k▲ 22.7%
2023 · €406k
2019: €99k
2020: €333k
2021: €452k
2022: €550k
2023: €406k
2019 → 2024
EBIT margin
1.0%▲ 16.4pp
2023 · -15.4%
2019: 4.7%
2020: 16.9%
2021: 0.6%
2022: 1.6%
2023: -15.4%
2019 → 2024
Net result
€-4k▲ 93.5%
2023 · €-64k
2019: €3k
2020: €41k
2021: €4k
2022: €4k
2023: €-64k
2019 → 2024
Working capital
€-7k▼ 54.2%
2023 · €-4k
2019: €12k
2020: €54k
2021: €55k
2022: €61k
2023: €-4k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€333k-€452k▲ 35.9%€550k▲ 21.7%€406k▼ 26.2%€498k▲ 22.7%
Equity€62k-€66k▲ 6.5%€70k▲ 5.5%€6k▼ 91.6%€2k▼ 71.4%
Operating result€56k-€3k▼ 95.2%€9k▲ 220%€-62k€5k
Net result€41k-€4k▼ 90.1%€4k▼ 10.3%€-64k€-4k▲ 93.5%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €5k after a loss of €62k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €135k
Fixed assets
€10k▼ 36.9%
Current assets
€126k▼ 36.0%
Equity and liabilities €135k
Equity
€2k▼ 71.4%
Debt
€134k▼ 35.1%
The debt ratio rises from 97.2% to 98.8%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€11k▲
2023 · €-57k
Cash flow
€2k▲
2023 · €-58k
Solvency
1.2%▼
2023 · 2.8%
Current ratio
0.95▼
2023 · 0.98
Quick ratio
0.70▼
2023 · 0.83
Debt / equity
79.82▲
2023 · 35.21
ROE
-249.3%▲
2023 · -1091.8%
ROA
-3.1%▲
2023 · -30.2%
Interest coverage
1.81▲
2023 · -21.61
Debt
€134k▼
2023 · €206k
Debt ≤ 1 year
€132k▼
2023 · €201k
Debt > 1 year
€711▼
2023 · €5k
Income taxes
€5k▲
2023 · €-163
Staff costs
€149k▲
2023 · €140k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€212k€135k▼
Formation expenses20-€0
Fixed assets21/28€15k€10k▼
Tangible fixed assets22/27€13k€7k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€11k€5k▼
Financial fixed assets28€2k€2k=
Current assets29/58€196k€126k▼
Stocks and contracts in progress3€29k€33k▲
Stocks30/36€29k€33k▲
Amounts receivable within one year40/41€166k€87k▼
Trade receivables40€104k€21k▼
Other amounts receivable41€63k€66k▲
Deferred charges and accrued income490/1€1k€6k▲
Equity and liabilities
Total equity and liabilities10/49€212k€135k▼
Equity10/15€6k€2k▼
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€-15k€-19k▼
Amounts payable17/49€206k€134k▼
Amounts payable after more than one year17€5k€711▼
Financial debts170/4€5k€711▼
Amounts payable within one year42/48€201k€132k▼
Current portion of amounts payable after more than one year42€4k€4k▲
Financial debts43€27k€31k▲
Credit institutions430/8€27k€31k▲
Trade debts44€142k€71k▼
Suppliers440/4€142k€71k▼
Taxes, remuneration and social security45€27k€11k▼
Taxes450/3€2k-
Remuneration and social security454/9€26k€11k▼
Other amounts payable47/48-€14k
Accrued charges and deferred income492/3€258€516▲
Income statement
Code20232024
Turnover70€406k€498k▲
Goods, raw materials, services and sundry goods60/61€346k€345k▼
Remuneration, social security and pensions62€140k€149k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k▲
Other operating charges640/8€3k€20k▲
Gross operating margin9900€86k€180k▲
Operating profit (loss)9901€-62k€5k▲
Financial income75/76B€1k€1k▲
Recurring financial income75€1k€1k▲
Financial charges65/66B€3k€6k▲
Recurring financial charges65€3k€6k▲
Profit (loss) for the period before taxes9903€-64k€518▲
Income taxes67/77€-163€5k▲
Profit (loss) for the period9904€-64k€-4k▲
Profit (loss) for the period to be appropriated9905€-64k€-4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-15k€-19k▼
Profit (loss) brought forward from the previous period14P€49k€-15k▼
Social balance
Average headcount (FTE)9087-3.3
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
24-03
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 236 days late
2024
29-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 90 days late
2023
31-12
Financial
Weakest financial yearnet €-64k ▼1863%
Net result drops to €-64k, the lowest in the series; recovery starts the following year.
03-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 64 days late
2022
26-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 87 days late
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 88 days late
2020
31-12
Financial
Highest result since 2019net €41k ▲1507%
Operating result €56k, net result €41k, both a record.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Charleroi · 1 establishment unit since 2019
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.
Chaussée de Viesville 1326041 CharleroiGround area
399 m²
Building footprint
32 m²
Parcel 52028A0133/00L005, Wallonia. Linked by address, not a title deed.
1 establishment unit
SEBAELEC
since 20192.288.142.007
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52028A0133/00L005 | Wallonia | 399 m² | 1 · 32 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.
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Of 22,728 companies in sector 43211 we hold annual accounts for 10,270. 1,493 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-03-2019
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
43212Electrical installation work in industrial facilities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 08-09-2026. Scores and ratios are computed by Checked and are not a credit decision.