SEBCO
ActiveSummary
SEBCO has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €520k and a net result of €100k. Equity is growing by ~21.7% per year across the filed fiscal years. Its solvency ranks better than 81% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability89▲+2
Solvency100▲+38
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 8.63 against 3.21 in 2024; short-term debt: 10.6% and cash: 0.7% of total assets), and 15.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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
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
84.2%
Return on assets
16.2%
Age of the figures
9 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 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
12 d early
2023
6 d early
2022
3 d early
2021
10 d early
2020
4 d early
2019
3 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 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
Equity
€520k▲ 23.8%
2024 · €420k
2018: €8klowest in 8 years
2019: €153k▲ +1783% vs 2018
2020: €251k▲ +64.0% vs 2019
2021: €320k▲ +27.7% vs 2020
2022: €302k▼ -5.6% vs 2021
2023: €250k▼ -17.3% vs 2022
2024: €420k▲ +68.1% vs 2023
2025: €520k▲ +23.8% vs 2024highest in 8 years
2018 → 2025
Total assets
€618k▼ 46.0%
2024 · €1.15M
2018: €31klowest in 8 years
2019: €219k▲ +618% vs 2018
2020: €1.03M▲ +371% vs 2019
2021: €1.07M▲ +4.1% vs 2020
2022: €1.00M▼ -6.8% vs 2021
2023: €1.01M▲ +0.6% vs 2022
2024: €1.15M▲ +13.7% vs 2023highest in 8 years
2025: €618k▼ -46.0% vs 2024
2018 → 2025
Net result
€100k▼ 41.2%
2024 · €170k
2018: €76k
2019: €145k▲ +89.7% vs 2018
2020: €98k▼ -32.4% vs 2019
2021: €70k▼ -28.9% vs 2020
2022: €-18k▼ -126% vs 2021
2023: €-52k▼ -189% vs 2022lowest in 8 years
2024: €170k▲ +426% vs 2023highest in 8 years
2025: €100k▼ -41.2% vs 2024
2018 → 2025
Working capital
€501k▲ 112%
2024 · €236k
2018: €-15klowest in 8 years
2019: €164k▲ +1209% vs 2018
2020: €380k▲ +132% vs 2019
2021: €321k▼ -15.5% vs 2020
2022: €199k▼ -37.8% vs 2021
2023: €70k▼ -65.1% vs 2022
2024: €236k▲ +239% vs 2023
2025: €501k▲ +112% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€320k-€302k▼ 5.6%€250k▼ 17.3%€420k▲ 68.1%€520k▲ 23.8%
2021: €320k
2022: €302k▼ -5.6% vs 2021
2023: €250k▼ -17.3% vs 2022lowest in 5 years
2024: €420k▲ +68.1% vs 2023
2025: €520k▲ +23.8% vs 2024highest in 5 years
Operating result€71k-€-13k€-42k▼ 228%€186k€120k▼ 35.5%
2021: €71k
2022: €-13k▼ -118% vs 2021
2023: €-42k▼ -228% vs 2022lowest in 5 years
2024: €186k▲ +540% vs 2023highest in 5 years
2025: €120k▼ -35.5% vs 2024
Net result€70k-€-18k€-52k▼ 189%€170k€100k▼ 41.2%
2021: €70k
2022: €-18k▼ -126% vs 2021
2023: €-52k▼ -189% vs 2022lowest in 5 years
2024: €170k▲ +426% vs 2023highest in 5 years
2025: €100k▼ -41.2% vs 2024
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 36% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €618k
Fixed assets
€51k ▼ 93.6%
Current assets
€567k ▲ 65.3%
Equity and liabilities €618k
Equity
€520k ▲ 23.8%
Debt
€98k ▼ 86.5%
Debt's share of the balance-sheet total falls from 63.3% to 15.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€142k▼
2024 · €240k
Cash flow
€122k▼
2024 · €224k
Current ratio
8.63▲
2024 · 3.21
Debt to equity
0.19▼
2024 · 1.72
ROE
19.2%▼
2024 · 40.5%
ROA
16.2%▲
2024 · 14.9%
Interest coverage
8.78▼
2024 · 11.99
Debt ≤ 1 year
€66k▼
2024 · €107k
Debt > 1 year
€30k▼
2024 · €615k
Income taxes
€17k▲
2024 · €176
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 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.15M€618k▼
Fixed assets21/28€802k€51k▼
Tangible fixed assets22/27€802k€51k▼
Land and buildings22€729k-
Furniture and vehicles24€646€363▼
Leasing and similar rights25€72k€51k▼
Current assets29/58€343k€567k▲
Amounts receivable after more than one year29€139k€139k=
Other amounts receivable291€139k€139k=
Amounts receivable within one year40/41€192k€410k▲
Trade receivables40€91k€171k▲
Other amounts receivable41€101k€239k▲
Cash at bank and in hand54/58€8k€4k▼
Deferred charges and accrued income490/1€5k€14k▲
Equity and liabilities
Total equity and liabilities10/49€1.15M€618k▼
Equity10/15€420k€520k▲
Contributions10/11€600k€600k=
Reserves13€1k€1k=
Distributable reserves133€1k€1k=
Profit (loss) carried forward14€-181k€-81k▲
Amounts payable17/49€725k€98k▼
Amounts payable after more than one year17€615k€30k▼
Financial debts170/4€615k€30k▼
Amounts payable within one year42/48€107k€66k▼
Current portion of amounts payable after more than one year42€59k€22k▼
Trade debts44€8k-
Suppliers440/4€8k-
Taxes, remuneration and social security45€40k€44k▲
Taxes450/3€40k€44k▲
Accrued charges and deferred income492/3€3k€2k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€54k€22k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€3k-
Other operating charges640/8€5k€3k▼
Non-recurring operating charges66A-€63k
Gross operating margin9900€248k€208k▼
Operating profit (loss)9901€186k€120k▼
Financial income75/76B€4k€13k▲
Recurring financial income75€4k€13k▲
Financial charges65/66B€20k€16k▼
Recurring financial charges65€20k€16k▼
Profit (loss) for the period before taxes9903€170k€117k▼
Income taxes67/77€176€17k▲
Profit (loss) for the period9904€170k€100k▼
Profit (loss) for the period to be appropriated9905€170k€100k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-181k€-81k▲
Profit (loss) brought forward from the previous period14P€-351k€-181k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €5k | €43k | €54k | €22k | ▼ 59.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €3k | - | - |
| Other operating charges640/8 | €2k | €1k | €3k | €5k | €3k | ▼ 34.9% |
| Non-recurring operating charges66A | - | - | - | - | €63k | - |
| Gross operating margin9900 | €78k | €-6k | €3k | €248k | €208k | ▼ 16.2% |
| Operating profit (loss)9901 | €71k | €-13k | €-42k | €186k | €120k | ▼ 35.5% |
| Financial income75/76B | €12k | €9k | €7k | €4k | €13k | ▲ 219% |
| Recurring financial income75 | €12k | €9k | €7k | €4k | €13k | ▲ 219% |
| Financial charges65/66B | €14k | €15k | €17k | €20k | €16k | ▼ 19.2% |
| Recurring financial charges65 | €14k | €15k | €17k | €20k | €16k | ▼ 19.2% |
| Profit (loss) for the period before taxes9903 | €70k | €-18k | €-52k | €170k | €117k | ▼ 31.2% |
| Income taxes67/77 | - | - | €115 | €176 | €17k | ▲ 9,702% |
| Profit (loss) for the period9904 | €70k | €-18k | €-52k | €170k | €100k | ▼ 41.2% |
| Profit (loss) for the period to be appropriated9905 | €70k | €-18k | €-52k | €170k | €100k | ▼ 41.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.07M | €1.00M | €1.01M | €1.15M | €618k | ▼ 46.0% |
| Fixed assets21/28 | €676k | €742k | €856k | €802k | €51k | ▼ 93.6% |
| Tangible fixed assets22/27 | €676k | €742k | €856k | €802k | €51k | ▼ 93.6% |
| Land and buildings22 | €676k | €741k | €761k | €729k | - | - |
| Furniture and vehicles24 | - | €1k | €928 | €646 | €363 | ▼ 43.8% |
| Leasing and similar rights25 | - | - | €94k | €72k | €51k | ▼ 29.8% |
| Current assets29/58 | €399k | €259k | €152k | €343k | €567k | ▲ 65.3% |
| Amounts receivable after more than one year29 | €353k | €245k | €139k | €139k | €139k | = |
| Other amounts receivable291 | €353k | €245k | €139k | €139k | €139k | = |
| Stocks and contracts in progress3 | €3k | €3k | €3k | - | - | - |
| Stocks30/36 | €3k | €3k | €3k | - | - | - |
| Amounts receivable within one year40/41 | €2k | - | €539 | €192k | €410k | ▲ 114% |
| Trade receivables40 | - | - | - | €91k | €171k | ▲ 88.6% |
| Other amounts receivable41 | €2k | - | €539 | €101k | €239k | ▲ 137% |
| Cash at bank and in hand54/58 | €28k | €1k | €1k | €8k | €4k | ▼ 48.0% |
| Deferred charges and accrued income490/1 | €12k | €9k | €8k | €5k | €14k | ▲ 182% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.07M | €1.00M | €1.01M | €1.15M | €618k | ▼ 46.0% |
| Equity10/15 | €320k | €302k | €250k | €420k | €520k | ▲ 23.8% |
| Contributions10/11 | €600k | €600k | €600k | €600k | €600k | = |
| Reserves13 | €1k | €1k | €1k | €1k | €1k | = |
| Non-distributable reserves130/1 | €1k | €1k | - | - | - | - |
| Reserves not available under the articles1311 | €1k | €1k | - | - | - | - |
| Distributable reserves133 | - | - | €1k | €1k | €1k | = |
| Profit (loss) carried forward14 | €-281k | €-299k | €-351k | €-181k | €-81k | ▲ 55.3% |
| Amounts payable17/49 | €755k | €699k | €757k | €725k | €98k | ▼ 86.5% |
| Amounts payable after more than one year17 | €675k | €638k | €674k | €615k | €30k | ▼ 95.0% |
| Financial debts170/4 | €675k | €638k | €674k | €615k | €30k | ▼ 95.0% |
| Amounts payable within one year42/48 | €78k | €60k | €82k | €107k | €66k | ▼ 38.6% |
| Current portion of amounts payable after more than one year42 | €38k | €39k | €59k | €59k | €22k | ▼ 62.6% |
| Financial debts43 | €18 | €28 | €4 | - | - | - |
| Credit institutions430/8 | €18 | €28 | €4 | - | - | - |
| Trade debts44 | €38k | €4k | €18k | €8k | - | - |
| Suppliers440/4 | €38k | €4k | €18k | €8k | - | - |
| Taxes, remuneration and social security45 | €947 | €39 | €656 | €40k | €44k | ▲ 9.4% |
| Taxes450/3 | €947 | €39 | €656 | €40k | €44k | ▲ 9.4% |
| Other amounts payable47/48 | €1k | €16k | €5k | - | - | - |
| Accrued charges and deferred income492/3 | €2k | €2k | €2k | €3k | €2k | ▼ 50.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €70k | €-18k | €-52k | €170k | €100k | ▼ 41.2% |
| + Depreciation and write-downs630 | €5k | €5k | €43k | €54k | €22k | ▼ 59.3% |
| Operating cash flow (approximation) | €75k | €-13k | €-10k | €224k | €122k | ▼ 45.6% |
| Investment in fixed assets (approximation) | - | €-71k | €-156k | €0 | €729k | - |
| Change in cash | - | €-27k | €-50 | €6k | €-4k | ▼ 158% |
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
Next filing, fiscal year 2026, expected by
2026
12-08
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- Board meeting, 30/06/2026
- Registered-office move, De Gerlachekaai 20, 2000 Antwerpen
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity triplescurrent ratio 8.63
Current ratio from 3.21 to 8.63; short-term debt falls from €107k to €66k.
31-12
Financial
Equity above €500kEq €520k ▲23.8%
2 profitable years in a row build equity to €520k.
19-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €170k
Net result €170k after 2 loss-making years.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-52k
Net result drops to €-52k, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €200kEq €251k ▲64%
3 profitable years in a row build equity to €251k.
Show earlier events
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity times 23current ratio 5.71
Current ratio from 0.25 to 5.71.
31-12
Financial
Equity above €150kEq €153k ▲1,783%
2 profitable years in a row build equity to €153k.
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 9 acts read
About the unread acts
Of the 9 Belgian State Gazette acts we know for this company, 1 has been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
9 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2000
Ground area
9,069 m²
Building footprint
4,699 m²
Volume, LiDAR
56,840 m³
2 parcels, Flanders · tallest building 29.4 m, ±8 floors. Linked by address, not a title deed.
57
companies at this address
See who is registered here
1 establishment unit
SEBCO
since 20002.083.982.642
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44808H0127/00Z000 | Flanders | 5,759 m² | 1 · 3,236 m² | 28.0 m · 1 fl. |
| 11811L3947/00N000 | Flanders | 3,310 m² | 1 · 1,463 m² | 29.4 m · 8 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 34,320 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
Founded20-08-1997
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
46190Agents in non-specialised wholesale trade
46412Wholesale of household textiles and bedding
64210Activities of holding companies
68310Real estate agency activities
Scores and ratios are computed by Checked and are not a credit decision.