Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 44 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
27 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
SEPCO from Wavre, company number BE1012818966, closed financial year 2025 with a result of € 267,227 after tax. For that financial year SEPCO recorded a gross margin of € 704,883 and equity of € 258,527. The company is profitable. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on February 11, 2026.
€ 258,527
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 267,227
Profit after tax over the fiscal year.
€ 55,453
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 248,527.
People and assets in 2025
€ 215,513
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 26,536
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 646,057
€ 125,624 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 64,440
Supplier invoices still open on the last day of the fiscal year.
€ 141,960
Taxes, VAT and social contributions still to pay.
What happened to SEPCO?
What happened at SEPCO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 267,227. Source: NBB ↗
- New establishment in Wavre. KBO
- Start of the company according to the CBE. KBO
In short
Paid € 70,302 in corporate taxes since 2025.
Management
Behind SEPCO is Philippe Sepulchre. Philippe Sepulchre is also behind SEPCO INVEST.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Avenue Zénobe Gramme 30
1300 Wavre
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 27 companies are registered at this address.
All companies at this address →PARAPH
€ 94,888 gross margin · 2025
Zime
€ 29,560 gross margin · 2025
AFRITEX SERVICES
€ -3,487 gross margin · 2025
BRODEO
€ -9,830 gross margin · 2025
PACA INVEST
€ 76,948 gross margin · 2025
+22 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
- 1012.818.966
- VAT number
- BE 1012.818.966
- Registered office
- Avenue Zénobe Gramme 30, 1300 Wavre
- Names & denominations
- SEPCO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 August 2024
- Peppol
- Active · Active since 30 Jan 2025
- Activities · NACE
Activiteiten van (gecertificeerde) (fiscaal) accountants
Boekhouders en boekhouders-fiscalisten