SEGAERT · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of SEGAERT is 0.1% (very low). The 2025 annual accounts show equity of €679k and a net result of €63k. Equity is growing by ~17.1% per year across the filed fiscal years. Its solvency ranks better than 39% of 79 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.1% Very low

0%0,5%1,5%4%10%≥25%

Lower-failure-rate sector −Annual accounts: healthy financial profile −Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

2 signals · with evidence

Consistently profitable

Positive net result in the two most recent financial years (2024 and 2025).

View the result trend

Growing equity

Equity grew over 2023-2025. Profits are largely retained rather than distributed.

View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Latest accounts filed on time

The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 07-10-2025, 24 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

The next deadline is still running

The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 31-03. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-03-2025, that is 31-10-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-03-2025	31-10-2025	07-10-2025	24 d early	2025-00536473
31-03-2024	31-10-2024	28-10-2024	3 d early	2024-00518974
31-03-2023	31-10-2023	27-10-2023	4 d early	2023-00498242
31-03-2022	31-10-2022	27-10-2022	4 d early	2022-20477260
31-03-2021	31-10-2021	02-11-2021	2 d late	2021-75600588
31-03-2020	31-10-2020	22-09-2020	39 d early	2020-54600240
31-03-2019	31-10-2019	01-10-2019	30 d early	2019-67600135
31-03-2018	31-10-2018	26-09-2018	35 d early	2018-65200138
31-03-2017	31-10-2017	29-09-2017	32 d early	2017-64800327
31-03-2016	31-10-2016	26-09-2016	35 d early	2016-61400343

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Established

Founded in 2014, 12 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€63k+62.8%

Working capital€-608k-8.3%

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 07-10-2025 with the NBB · fiscal year 2025 · verkort

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~17.1%/year over 7 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 01, Agriculture · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	24.9%	34.0%	better than 39% of 79 sector peers
Net result	€63k	€114k	better than 32% of 79 sector peers
Equity	€679k	€630k	better than 52% of 79 sector peers
Gross operating margin	€565k	€515k	better than 52% of 78 sector peers
Total assets	€2.72M	€1.96M	better than 66% of 79 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P39

Improving position over 2020-2025 · n=79-197

Net result P32

Weakening position over 2020-2025 · n=79-196

Equity P52

Improving position over 2020-2025 · n=79-197

Gross operating margin P52

Weakening position over 2020-2025 · n=78-194

Describes the position versus peers, not a forecast.

EBITDA

€558k

+23.5% 19-25

Net profit

€63k

+62.8% 19-25

Cash flow

€489k

+22.1% 19-25

Total assets

€2.72M

+32.1% 19-25

Equity

€679k

+10.3% 19-25

Working capital

€-608k

-8.3% 19-25

Income taxes

€5k

-10.0% 19-25

Debt

€2.05M

+41.3% 19-25

Show 9 other metrics

Debt ≤ 1y

€1.03M

+18.2% 19-25

Debt > 1y

€1.02M

+77.7% 19-25

Current ratio

0.41

+15.2% 19-25

Quick ratio

0.26

+19.3% 19-25

Solvency

24.9%

-16.5% 19-25

Debt / equity

3.01

+28.1% 19-25

ROE

9.3%

+47.6% 19-25

ROA

2.3%

+23.3% 19-25

Interest coverage

8.67

-11.6% 19-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	verkort
Revenue	-
EBITDA	€558k
Net profit	€63k
Cash flow	€489k
Staff costs	-
Income taxes	€5k
Dividends	-
Total assets	€2.72M
Equity	€679k
Debt	€2.05M
of which ≤ 1y	€1.03M
of which > 1y	€1.02M
Working capital	€-608k
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	0.41
Quick ratio	0.26
Working capital ratio	-22.3%
Solvency	24.9%
Debt / equity	3.01
Long-term debt ratio	1.50
Interest coverage	8.67
Gross margin	-
Net margin	-
ROA	2.3%
ROE	9.3%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €2.31M · 84.7% Current assets €418k · 15.4%

Equity & liabilities

Equity €679k · 24.9% Debt €2.05M · 75.1%

Full annual accounts (25 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€2.72M
Fixed assets	21/28	€2.31M
Tangible fixed assets	22/27	€2.31M
Financial fixed assets	28	€180
Current assets	29/58	€418k
Stocks & contracts in progress	3	€151k
Amounts receivable within one year	40/41	€92k
Cash & bank	54/58	€175k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€2.72M
Equity	10/15	€679k
Contributions / capital	10/11	€19k
Reserves	13	€586k
Accumulated profits (losses)	14	€75k
Amounts payable	17/49	€2.05M
Amounts payable after one year	17	€1.02M
Amounts payable within one year	42/48	€1.03M
Trade debts payable within one year	44	€202k
Income statement
Gross operating margin	9900	€565k
Operating result	9901	€132k
Financial income	75	€452
Financial charges	65	€64k
Result before taxes	9903	€68k
Income taxes	67/77	€5k
Net result for the period	9904	€63k
Result to be appropriated	9905	€63k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

44 / 100 Weak

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

Establishment units

1 location

Segaert BVBA

Kouter 20, 8490 JabbekeTeelt van andere granen dan rijst, en van peulgewassen en oliehoudende zaden

since 20142.229.142.053

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area8,249 m²

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
31031B0022/00K000	Flanders	8,249 m²	-	-

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

0 of 2 acts read

We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Financial profile

5 of 5 axes measured

54 / 100

Mixed profile: strong on stability, weaker on solvency.

All 5 axes are computed from data Checked has read.

Health 44

Profitability 47

Solvency 26

Growth 52

Stability 100

Credit advice

verdict per customer and amount

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We hold annual accounts for 251 of the 4,674 companies in this sector. 122 of them are within a factor 10 of this company's equity.

See full sector →

Company registry

Company registry (CBE)

Crossroads Bank

Activities

Ondersteunende activiteiten in verband met de teelt van gewassen01610Ondersteunende activiteiten in verband met de teelt van gewassen01610Groothandel in levend vee46231Groothandel in levend vee46231

Primary activity highlighted.

Names & trade names

Legal nameNL

SEGAERT

Registered office

Kouter 20

8490 Jabbeke, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.