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.
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.
€ 1.7 million
▲ 21% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 302,931
▼ 29% vs 2023
Profit after tax over the fiscal year.
€ 147,803
▲ € 129,481 vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 1.6 million.
People and assets in 2024
3
Average over the fiscal year, from the social balance sheet.
€ 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.
€ 333,925
▼ 15% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 3.4 million
▲ 21% vs 2023
€ 587,688 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 89,009
▼ 25% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 221,433
▲ 55% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|
| Gross margin | € 936,709 | € 1,271,934 | € 1,048,962 | ▼ 18% |
| Profit after taxes | € 318,963 | € 425,747 | € 302,931 | ▼ 29% |
| Equity | € 961,068 | € 1,369,515 | € 1,653,746 | ▲ 21% |
| Total debts | € 2,845,925 | € 3,059,549 | € 4,386,492 | ▲ 43% |
| Cash | € 6,764 | € 18,322 | € 147,803 | ▲ € 129,481 |
| Land & buildings | € 2,462,323 | € 2,537,406 | € 2,364,585 | ▼ 7% |
| Retained profit | € 948,668 | € 1,357,115 | € 1,641,346 | ▲ 21% |
| Bank debt | € 2,690,318 | € 2,783,657 | € 3,365,200 | ▲ 21% |
| Balance sheet total | € 3,832,243 | € 4,453,549 | € 6,063,958 | ▲ 36% |
| Employees (FTE) | 2.3 | 3 | 3 |
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:
- Corrected annual accounts filed for financial year 2024. Source: NBB ↗
- 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.
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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 SEPCO INVEST is Philippe Sepulchre. It owns 99% of SEPCO INVEST SCI itself.
Directors
According to the 2024 annual accounts
Establishments
Establishment units
Physical locations of this company
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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+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