Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 52 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SEDEG from Blégny, company number BE0811933649, closed financial year 2025 with a result of € 210,026 after tax. For that financial year SEDEG recorded a gross margin of € 493,992 and equity of € 485,769. Compared with financial year 2024, the result moved from € 223,539 to € 210,026. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 17, 2026.
€ 485,769
▲ 23% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 210,026
▼ 6% vs 2024
Profit after tax over the fiscal year.
€ 113,621
▼ 5% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 120,000 paid out
57 % of the profit went to the shareholders, mostly to INVESFIT (67 % of the shares). That is where the money ends up.
People and assets in 2025
2.7
▲ 1.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 126,109
▲ 43% vs 2024
€ 46,700 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 17,106
▲ 26% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 146,067
▼ 35% vs 2024
€ 35,919 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 23,097
▲ 46% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 22,604
▼ 20% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 260,345 | € 309,154 | € 484,074 | € 493,992 | ▲ 2% |
| Profit after taxes | € 72,269 | € 117,529 | € 223,539 | € 210,026 | ▼ 6% |
| Equity | € 234,676 | € 292,205 | € 395,743 | € 485,769 | ▲ 23% |
| Total debts | € 592,260 | € 517,512 | € 417,546 | € 333,017 | ▼ 20% |
| Cash | € 58,220 | € 92,108 | € 120,093 | € 113,621 | ▼ 5% |
| Land & buildings | € 638,285 | € 600,252 | € 562,219 | € 524,186 | ▼ 7% |
| Retained profit | € 172,676 | € 230,205 | € 333,743 | € 423,769 | ▲ 27% |
| Dividend | € 45,000 | € 60,000 | € 120,000 | € 120,000 | |
| Bank debt | € 492,087 | € 400,652 | € 226,099 | € 146,067 | ▼ 35% |
| Balance sheet total | € 826,936 | € 809,717 | € 813,290 | € 818,786 | ▲ 1% |
| Employees (FTE) | 0.5 | 0.5 | 1 | 2.7 | ▲ 1.7 |
Key figures of SEDEG, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to SEDEG?
What happened at SEDEG in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- INVESFIT stepped down as director. NBB
- Christophe Lucien R Delheille stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 210,026 (▼ 6% vs 2024). Source: NBB ↗
- P.GERARD MANAGEMENT stepped down as director. NBB
- New establishment in Blégny. KBO
- Start of the company according to the CBE. KBO
In short
From € 72,269 profit in 2022 to € 210,026 profit in 2025.
Paid € 203,711 in corporate taxes since 2022.
Best year ever: 2024, with € 223,539 profit.
On average € 183,000 of value added per employee in 2025.
A new publication or filing at SEDEG? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by INVESFIT (67%) and Christophe DELHEILLE (33%). It owns 16.1% of KINEO itself.
Directors
According to the 2025 annual accounts
Managing director · represented by Guillaume Nicolas Erpicum
· until 2032
· until 2032
Managing director · represented by Philippe Steve Gérard
Also active at: INVESFIT
· until 2025
Shareholders
67%
Christophe DELHEILLE
33%
Participations
16.1%
Establishments
Establishment units
Physical locations of this company
Rue Légipont 11
4671 Blégny
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
OVH, FR
Domain
Domain
kineo-fitness.com
Registered
2015-03-23
Registrar
Gandi SAS
Expires
2030-03-23
Website info
Features
Security
Details
- Company number
- 0811.933.649
- VAT number
- BE 0811.933.649
- Registered office
- Rue Légipont 11, 4671 Blégny
- Names & denominations
- SEDEG
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 May 2009
- Peppol
- Active · Active since 4 Sept 2025
- Contact
- kineo-fitness.com
- Activities · NACE
Activiteiten van fitnesscentra