What does SEPCO INVEST do?

SEPCO INVEST is a property company in Elsene. Private Limited, started on 2 October 2003.

What is the address of SEPCO INVEST?

The registered office of SEPCO INVEST is located at Georges Brugmannplein 8, 1050 Elsene.

Is SEPCO INVEST still active?

Yes. According to the CBE (29 October 2026) SEPCO INVEST is active, legal situation “Normale toestand”, started on 2 October 2003.

Is SEPCO INVEST registered on Peppol?

Yes, SEPCO INVEST is registered on the Peppol network with ID 0208:0860858172.

What is the enterprise number of SEPCO INVEST?

The enterprise number of SEPCO INVEST is BE0860858172.

When was SEPCO INVEST founded?

SEPCO INVEST was founded on 2 October 2003.

Who are the directors of SEPCO INVEST?

According to the 2024 annual accounts, the directors of SEPCO INVEST are: Philippe Sepulchre.

Is SEPCO INVEST a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 2 October 2003; 3 annual accounts filed, latest fiscal year 2024; 1 directors known from the annual account.

How much profit did SEPCO INVEST make in 2024?

SEPCO INVEST posted a profit after taxes of € 302,931 in financial year 2024.

What is the revenue of SEPCO INVEST?

As a small company, SEPCO INVEST is not required to publish revenue in its annual accounts. In financial year 2024, its added value was € 1,048,962.

How much does an employee at SEPCO INVEST earn?

The average wage cost per full-time employee at SEPCO INVEST was € 67,300 in 2024: staff costs of € 201,751 for 3 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does SEPCO INVEST have?

According to the 2024 annual accounts, SEPCO INVEST has 3 full-time equivalents (FTE).

SEPCO INVEST (Private Limited) - Elsene - BE0860858172

Dossier SEPCO INVEST, printed on 29 October 2026 from databakkes.be/en/0860858172/sepco-invest. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Figures corrected NBB

Corrected annual account filed for 2024.
Annual account missing NBB

Fiscal year 2025 was expected before 30 April 2026 and has not been filed.

Financials

Financial year 2024

SEPCO INVEST from Elsene, company number BE0860858172, closed financial year 2024 with a result of € 302,931 after tax. For that financial year SEPCO INVEST recorded a gross margin of € 1 million and equity of € 1.7 million. Compared with financial year 2023, the result moved from € 425,747 to € 302,931. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on April 30, 2025.

What it is worth Growing

€ 1.7 million

▲ 21% vs 2023

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 302,931

▼ 29% vs 2023

Profit after tax over the fiscal year.

Cash in the bank

€ 147,803

▲ € 129,481 vs 2023

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2024. Retained profit grew to € 1.6 million.

People and assets in 2024

Full-time equivalents

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 201,751

▼ 6% vs 2023

€ 67,300 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.

Vehicles and equipment

€ 333,925

▼ 15% vs 2023

Book value of vehicles, furniture and equipment.

Debts at end 2024

Bank debt ≈ 5 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 3.4 million

▲ 21% vs 2023

€ 587,688 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.

Owed to suppliers

€ 89,009

▼ 25% vs 2023

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 221,433

▲ 55% vs 2023

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	Change 2023 → 2024
Gross margin	€ 936,709 Gross margin 2022: € 936,709 First fiscal year in the series	€ 1,271,934 Gross margin 2023: € 1,271,934 ▲ 36% vs 2022 (€ 936,709) Favourable step	€ 1,048,962 Gross margin 2024: € 1,048,962 ▼ 18% vs 2023 (€ 1,271,934) Unfavourable step	▼ 18%
Profit after taxes	€ 318,963 Profit after taxes 2022: € 318,963 First fiscal year in the series	€ 425,747 Profit after taxes 2023: € 425,747 ▲ 33% vs 2022 (€ 318,963) Favourable step	€ 302,931 Profit after taxes 2024: € 302,931 ▼ 29% vs 2023 (€ 425,747) Unfavourable step	▼ 29%
Equity	€ 961,068 Equity 2022: € 961,068 First fiscal year in the series	€ 1,369,515 Equity 2023: € 1,369,515 ▲ 42% vs 2022 (€ 961,068) Favourable step	€ 1,653,746 Equity 2024: € 1,653,746 ▲ 21% vs 2023 (€ 1,369,515) Favourable step	▲ 21%
Total debts	€ 2,845,925 Total debts 2022: € 2,845,925 First fiscal year in the series	€ 3,059,549 Total debts 2023: € 3,059,549 ▲ 8% vs 2022 (€ 2,845,925) Unfavourable step	€ 4,386,492 Total debts 2024: € 4,386,492 ▲ 43% vs 2023 (€ 3,059,549) Unfavourable step	▲ 43%
Cash	€ 6,764 Cash 2022: € 6,764 First fiscal year in the series	€ 18,322 Cash 2023: € 18,322 ▲ 171% vs 2022 (€ 6,764) Favourable step	€ 147,803 Cash 2024: € 147,803 ▲ € 129,481 vs 2023 (€ 18,322) Favourable step	▲ € 129,481
Land & buildings	€ 2,462,323 Land & buildings 2022: € 2,462,323 First fiscal year in the series	€ 2,537,406 Land & buildings 2023: € 2,537,406 ▲ 3% vs 2022 (€ 2,462,323) Unchanged	€ 2,364,585 Land & buildings 2024: € 2,364,585 ▼ 7% vs 2023 (€ 2,537,406) Unchanged	▼ 7%
Retained profit	€ 948,668 Retained profit 2022: € 948,668 First fiscal year in the series	€ 1,357,115 Retained profit 2023: € 1,357,115 ▲ 43% vs 2022 (€ 948,668) Favourable step	€ 1,641,346 Retained profit 2024: € 1,641,346 ▲ 21% vs 2023 (€ 1,357,115) Favourable step	▲ 21%
Bank debt	€ 2,690,318 Bank debt 2022: € 2,690,318 First fiscal year in the series	€ 2,783,657 Bank debt 2023: € 2,783,657 ▲ 3% vs 2022 (€ 2,690,318) Unfavourable step	€ 3,365,200 Bank debt 2024: € 3,365,200 ▲ 21% vs 2023 (€ 2,783,657) Unfavourable step	▲ 21%
Balance sheet total	€ 3,832,243 Balance sheet total 2022: € 3,832,243 First fiscal year in the series	€ 4,453,549 Balance sheet total 2023: € 4,453,549 ▲ 16% vs 2022 (€ 3,832,243) Unchanged	€ 6,063,958 Balance sheet total 2024: € 6,063,958 ▲ 36% vs 2023 (€ 4,453,549) Unchanged	▲ 36%
Employees (FTE)	2.3 Employees (FTE) 2022: 2.3 First fiscal year in the series	3 Employees (FTE) 2023: 3 ▲ 0.7 vs 2022 (2.3) Unchanged	3 Employees (FTE) 2024: 3 Unchanged (3) Unchanged

Key figures of SEPCO INVEST, fiscal years 2022 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 30 April 2026.

What happened to SEPCO INVEST?

What happened at SEPCO INVEST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Apr 30, 2025 Corrected annual accounts filed for financial year 2024. Source: NBB ↗
Oct 2, 2003 Start of the company according to the CBE. KBO

In short

From € 318,963 profit in 2022 to € 302,931 profit in 2024.

Paid € 538,059 in corporate taxes since 2022.

Best year ever: 2023, with € 425,747 profit.

On average € 349,700 of value added per employee in 2024.

Original PDFs at the National Bank ↗

Management

Philippe Sepulchre

SEPCO INVEST

SEPCO INVEST SCI 99%

Behind SEPCO INVEST is Philippe Sepulchre. It owns 99% of SEPCO INVEST SCI itself.

Directors

According to the 2024 annual accounts

Philippe Sepulchre

Director

Also active at: SEPCO

Establishments

Establishment units

Physical locations of this company

Registered office

Georges Brugmannplein 8

1050 Elsene

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.

All companies at this address →

SOCIETE IMMOBILIERE ET FORESTIERE

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€ 4,039 gross margin · 2025

Association des copropriétaires de l'immeuble sis à Ixelles, place Georges Brugmann 8

Sarah Lavoine BE

€ -47,212 gross margin · 2025

SMGC

€ 317,871 gross margin · 2025

+1 more

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0860.858.172

VAT number

BE 0860.858.172

Registered office

Georges Brugmannplein 8, 1050 Elsene

Names & denominations

SEPCO INVEST

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

2 October 2003

Peppol

Active · Active since 23 Oct 2025

Activities · NACE

Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen

Boekhouders en boekhouders-fiscalisten

Activiteiten van (gecertificeerde) (fiscaal) accountants

Boekhouders

View on CBE Public ↗ Annual accounts (NBB) ↗

SEPCO INVEST

Warning lights

Financials

What happened to SEPCO INVEST?

Management

Directors

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions