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 65 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SEP ESTATES from Sint-Niklaas, company number BE0845657183, closed financial year 2025 with a result of € 18,046 after tax. For that financial year SEP ESTATES recorded a gross margin of € 42,162 and equity of € 88,816. Compared with financial year 2024, the result moved from € 15,542 to € 18,046. Profitable, and profit is growing. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2026.
€ 88,816
▼ 19% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 18,046
▲ 16% vs 2024
Profit after tax over the fiscal year.
€ 3,731
▲ € 3,201 vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 39,000 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
€ 142,682
▼ 8% vs 2024
€ 12,846 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 849
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 39,625 | € 38,730 | € 41,006 | € 42,162 | ▲ 3% |
| Profit after taxes | € 14,741 | € 14,034 | € 15,542 | € 18,046 | ▲ 16% |
| Equity | € 80,194 | € 94,228 | € 109,770 | € 88,816 | ▼ 19% |
| Total debts | € 181,943 | € 169,551 | € 162,907 | € 148,103 | ▼ 9% |
| Cash | € 1,929 | € 1,874 | € 531 | € 3,731 | ▲ € 3,201 |
| Land & buildings | € 182,467 | € 167,625 | € 152,784 | € 137,942 | ▼ 10% |
| Retained profit | € 61,594 | € 75,628 | € 91,170 | € 70,216 | ▼ 23% |
| Dividend | € 0 | € 0 | € 0 | € 39,000 | |
| Bank debt | € 179,356 | € 167,434 | € 155,212 | € 142,682 | ▼ 8% |
| Balance sheet total | € 262,137 | € 263,779 | € 272,677 | € 236,919 | ▼ 13% |
Key figures of SEP ESTATES, 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 SEP ESTATES?
What happened at SEP ESTATES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 18,046 (▲ 16% vs 2024). Source: NBB ↗
- Koen Van Den Elsen became a director. NBB
- New establishment in Sint-Niklaas. KBO
- Start of the company according to the CBE. KBO
In short
From € 14,741 profit in 2022 to € 18,046 profit in 2025.
Best year ever: 2025, with € 18,046 profit.
Paid out € 39,000 in dividends to the owners in total.
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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
Behind SEP ESTATES is Koen Van Den Elsen. The shares are held by Kojaparts.
Directors
According to the 2025 annual accounts
Koen Van Den Elsen
Director
since 2023
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Europark-Noord 50 box A
9100 Sint-Niklaas
Europark-Noord 50A
9100 Sint-Niklaas
Active since 3 May 2012
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
Microsoft 365
Hosting
GOOGLE - Google LLC, US
Domain
Domain
sepestates.com
Registered
2013-07-16
Registrar
Hosting Concepts B.V. d/b/a Registrar.eu
Expires
2027-07-16
Website info
Features
Security
Details
- Company number
- 0845.657.183
- VAT number
- BE 0845.657.183
- Registered office
- Europark-Noord 50 bus A, 9100 Sint-Niklaas
- Names & denominations
- SEP ESTATES
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 3 May 2012
- Peppol
- Active · Active since 10 Jul 2026
- Contact
- sepestates.com
- Activities · NACE
Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit