Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 15 % of short-term debt in 2025; threshold 65 %.
-
Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
SEDAM from Heusden-Zolder, company number BE0889313717, closed financial year 2025 with a result of € 93,649 after tax. For that financial year SEDAM recorded a gross margin of € 121,773 and equity of € -64,804. Compared with financial year 2024, the result moved from € 4,481 to € 93,649. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 28, 2026.
€ -64,804
▲ € 93,649 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 93,649
▲ € 89,168 vs 2024
Profit after tax over the fiscal year.
€ 4,048
▼ 81% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -83,404.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
€ 125,000
Loans from banks and other lenders, long and short.
€ 24,101
▼ 26% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 7,651
▼ 27% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 113,785 | € -59,703 | € 125,771 | € 121,773 | ▼ 3% |
| Profit after taxes | € -11,912 | € -80,159 | € 4,481 | € 93,649 | ▲ € 89,168 |
| Equity | € -82,776 | € -162,934 | € -158,453 | € -64,804 | ▲ € 93,649 |
| Total debts | € 544,474 | € 638,585 | € 483,818 | € 384,768 | ▼ 20% |
| Cash | € 6,940 | € 2,629 | € 21,633 | € 4,048 | ▼ 81% |
| Land & buildings | € 253,460 | € 253,460 | € 253,460 | € 240,120 | ▼ 5% |
| Retained profit | € -101,376 | € -181,534 | € -177,053 | € -83,404 | ▲ € 93,649 |
| Bank debt | € 137,568 | € 125,000 | € 125,000 | € 125,000 | |
| Balance sheet total | € 461,698 | € 475,650 | € 325,365 | € 319,964 | ▼ 2% |
Key figures of SEDAM, 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 SEDAM?
What happened at SEDAM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 93,649 (▲ € 89,168 vs 2024). filed late Source: NBB ↗
- New establishment in Heusden-Zolder. KBO
- Start of the company according to the CBE. KBO
In short
From € 11,912 loss in 2022 to € 93,649 profit in 2025.
Paid € 1,785 in corporate taxes since 2022.
Best year ever: 2025, with € 93,649 profit.
Management
Behind SEDAM is HUSEYIN BALCI. HUSEYIN BALCI is also behind ORIENT-GK and CHARIZMA.
Establishments
Establishment units
Physical locations of this company
Koolmijnlaan 166
3550 Heusden-Zolder
Koolmijnlaan 162 box b
3550 Heusden-Zolder
Active since 9 May 2007
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
CLOUDFLARENET - Cloudflare, Inc., US
DNS
Cloudflare DNS
Domain
Domain
fendoor.eu
Registrar
Vimexx
Website info
Features
Security
Network
Details
- Company number
- 0889.313.717
- VAT number
- BE 0889.313.717
- Registered office
- Koolmijnlaan 166, 3550 Heusden-Zolder
- Names & denominations
- SEDAM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 9 May 2007
- Peppol
- Not registered
- Contact
- fendoor.eu
- Activities · NACE
Groothandel in uurwerken en sieraden
Groothandel in horloges en uurwerken, artikelen van edele metalen en sieraden
Detailhandel in uurwerken en sieraden
Gespecialiseerde detailhandel in uurwerken en sieradenhorloges en sieraden