SEGECO
ActiveSummary
SEGECO has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €167k and a net result of €29k. Equity is growing by ~21% per year across the filed fiscal years. Its solvency ranks better than 59% of 3291 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
90
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability81▲+4
Solvency80▲+8
Growth52=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 5.07 against 3.89 in 2024; short-term debt: 11.5% and cash: 36.9% of total assets), and 45.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Sector 69
lower
← 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
54.8%
Return on assets
9.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-08-2026, 15 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 · 10 filingsDeviation from the deadline
2025
15 d late
2024
22 d late
2023
36 d early
2022
23 d late
2021
26 d late
2020
31 d late
2019
90 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€167k▲ 21.3%
2024 · €138k
2018: €43k
2019: €54k
2020: €68k
2021: €82k
2022: €116k
2023: €118k
2024: €138k
2018 → 2025
Total assets
€305k▲ 3.9%
2024 · €294k
2018: €76k
2019: €256k
2020: €247k
2021: €290k
2022: €289k
2023: €274k
2024: €294k
2018 → 2025
Net result
€29k▲ 48.1%
2024 · €20k
2018: €42k
2019: €19k
2020: €14k
2021: €12k
2022: €31k
2023: €2k
2024: €20k
2018 → 2025
Working capital
€143k▲ 24.4%
2024 · €115k
2018: €29k
2019: €24k
2020: €32k
2021: €83k
2022: €105k
2023: €93k
2024: €115k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€82k-€116k▲ 41.5%€118k▲ 1.7%€138k▲ 16.8%€167k▲ 21.3%
Operating result€23k-€46k▲ 99.0%€6k▼ 86.9%€31k▲ 409%€41k▲ 34.0%
Net result€12k-€31k▲ 158%€2k▼ 93.8%€20k▲ 914%€29k▲ 48.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 34% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €305k
Fixed assets
€127k ▼ 8.8%
Current assets
€178k ▲ 15.2%
Equity and liabilities €305k
Equity
€167k ▲ 21.3%
Provisions
€2k ▼ 54.9%
Debt
€136k ▼ 10.4%
Debt's share of the balance-sheet total falls from 51.8% to 44.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€54k▲
2024 · €44k
Cash flow
€42k▲
2024 · €33k
Current ratio
5.07▲
2024 · 3.89
Debt to equity
0.82▼
2024 · 1.10
ROE
17.6%▲
2024 · 14.4%
ROA
9.6%▲
2024 · 6.7%
Interest coverage
16.15▲
2024 · 12.20
Debt ≤ 1 year
€35k▼
2024 · €40k
Debt > 1 year
€101k▼
2024 · €112k
Income taxes
€9k▲
2024 · €8k
Staff costs
€60k▲
2024 · €32k
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 · 57 lines
Balance sheet
Code20242025
Assets
Total assets20/58€294k€305k▲
Fixed assets21/28€139k€127k▼
Tangible fixed assets22/27€139k€127k▼
Land and buildings22€130k€119k▼
Plant, machinery and equipment23€458€229▼
Furniture and vehicles24€1k€137▼
Assets under construction and advance payments27€7k€7k▼
Financial fixed assets28€267€267=
Current assets29/58€155k€178k▲
Amounts receivable within one year40/41€80k€65k▼
Trade receivables40€61k€65k▲
Other amounts receivable41€19k-
Cash at bank and in hand54/58€73k€113k▲
Deferred charges and accrued income490/1€2k€472▼
Equity and liabilities
Total equity and liabilities10/49€294k€305k▲
Equity10/15€138k€167k▲
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Other1109/19€19k€19k=
Reserves13€2k€31k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133-€29k
Profit (loss) carried forward14€117k€117k=
Provisions and deferred taxes16€4k€2k▼
Provisions for liabilities and charges160/5€4k€2k▼
Major repairs and maintenance162€4k€2k▼
Amounts payable17/49€152k€136k▼
Amounts payable after more than one year17€112k€101k▼
Financial debts170/4€112k€101k▼
Amounts payable within one year42/48€40k€35k▼
Current portion of amounts payable after more than one year42€11k€11k▲
Trade debts44€15k€11k▼
Suppliers440/4€15k€11k▼
Taxes, remuneration and social security45€14k€13k▼
Taxes450/3€12k€11k▼
Remuneration and social security454/9€2k€2k▲
Accrued charges and deferred income492/3-€93
Income statement
Code20242025
Remuneration, social security and pensions62€32k€60k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€12k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-4k-
Other operating charges640/8€5k€846▼
Non-recurring operating charges66A-€300
Gross operating margin9900€77k€114k▲
Operating profit (loss)9901€31k€41k▲
Financial income75/76B€192€442▲
Recurring financial income75€192€442▲
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€27k€39k▲
Income taxes67/77€8k€9k▲
Profit (loss) for the period9904€20k€29k▲
Profit (loss) for the period to be appropriated9905€20k€29k▲
Appropriation of the result
Profit (loss) to be appropriated9906€117k€147k▲
Profit (loss) brought forward from the previous period14P€97k€117k▲
Transfer to equity691/2-€29k
To other reserves6921-€29k
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
Next filing, fiscal year 2026, expected by
2026
15-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 15 days late
2025
31-12
Financial
Equity above €150kEq €167k ▲21.3%
8 profitable years in a row build equity to €167k.
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €2k ▼93.8%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
31-12
Financial
Equity above €100kEq €116k ▲41.5%
5 profitable years in a row build equity to €116k.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 92 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Philippeville · 1 establishment unit since 2003
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.
Rue des Religieuses 235600 PhilippevilleGround area
137 m²
Building footprint
111 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
SEGECO
since 20032.266.945.428
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 93056D0425/00_000 | Wallonia | 75 m² | 1 · 82 m² | - |
| 93056D0549/00B000 | Wallonia | 62 m² | 1 · 29 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
KMG AUXILIUM
BE 0715.804.867
Bilzen-Hoeselt · Eq €167,108
BBP & Partners
BE 0832.425.492
Keerbergen · Eq €167,147
ALTURA 6012
BE 0500.895.429
Andenne · Eq €167,043
ACCOUNTANCY VERBEKE
BE 0508.701.454
Wervik · Eq €167,023
FISKOLINK
BE 0827.504.921
Scherpenheuvel-Zichem · Eq €167,233
Of 12,173 companies in sector 69201 we hold annual accounts for 7,638. 6,498 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formCoöperatieve vennootschap met onbeperkte aansprakelijkheid
Founded12-05-2003
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:071 66 71 95