ACTIVE

SEDA

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Financial year 2025 · closed on 30/09/2025

Net result

278,1 k €

-51.3% YoY

Gross margin

539,8 k €

-46.0% YoY

Equity

6 M €

+4.9% YoY

Workforce

0,0 ETP

What does SEDA do?

SEDA is a Public limited company incorporated in 1989. Its main activity is: Development of building projects. Its registered office is in Nieuwpoort.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0439.009.924

Incorporation

08/12/1989

Legal form

Public limited company

Registered office

Jozef Cardijnlaan 12
8620 Nieuwpoort · FlandreSee on map

Contributed capital

216 534,37 €

Latest accounts

30/09/2025

Average workforce

0,0 ETP

Activities (NACE)

41101Development of building projects· main 68121Buying and selling of own real estate 70111Activities of head offices 73200Market research and public opinion polling 73200Market research and public opinion polling 74131Specialised design activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	539,8 k €	-46.0%	999,8 k €	+88.7%	529,9 k €	-32.0%	779,6 k €	-7.6%	844,1 k €	+81.0%	466,5 k €	+15.6%	403,6 k €	-21.7%	515,3 k €	-29.9%	735,2 k €	+21.2%	606,8 k €	-3.4%	628,4 k €	+54.2%	407,6 k €	-33.2%	610,7 k €	+100%	304,6 k €	-46.4%	568,3 k €	+217%	179,2 k €
EBITDA	522,7 k €	-46.8%	982,9 k €	+101%	489,8 k €	-34.0%	742,3 k €	-9.6%	820,8 k €	+84.0%	446 k €	+13.4%	393,2 k €	-21.3%	499,8 k €	-27.5%	689,4 k €	+16.4%	592,2 k €	-3.2%	611,8 k €	+53.2%	399,4 k €	-33.5%	600,6 k €	+104%	295,1 k €	-47.3%	560,3 k €	+227%	171,4 k €
Operating result	323,1 k €	-56.0%	734,9 k €	+165%	277,4 k €	-54.2%	605,6 k €	-2.2%	619,1 k €	+97.2%	313,9 k €	+14.8%	273,3 k €	-28.2%	380,5 k €	-34.3%	579,2 k €	+26.8%	456,9 k €	-14.8%	536,4 k €	+71.2%	313,4 k €	-12.2%	356,9 k €	+43.5%	248,6 k €	-51.5%	513,1 k €	+409%	100,9 k €
Net result	278,1 k €	-51.3%	571,6 k €	+140%	238 k €	-60.3%	599,9 k €	+45.9%	411,1 k €	+85.4%	221,8 k €	+7.6%	206 k €	-23.0%	267,6 k €	-62.6%	715,9 k €	+137%	301,9 k €	-13.7%	349,7 k €	+75.9%	198,8 k €	-49.6%	394,2 k €	+137%	166,5 k €	-50.8%	338,4 k €	+448%	61,8 k €
Balance sheet
Equity	6 M €	+4.9%	5,7 M €	+10.9%	5,2 M €	+4.6%	4,9 M €	+14.5%	4,3 M €	+10.5%	3,9 M €	+6.0%	3,7 M €	+5.9%	3,5 M €	+8.4%	3,2 M €	+23.9%	2,6 M €	+13.2%	2,3 M €	+18.1%	1,9 M €	+11.5%	1,7 M €	+29.4%	1,3 M €	+14.2%	1,2 M €	+36.6%	859,7 k €
Total assets	8 M €	+3.8%	7,7 M €	+7.7%	7,1 M €	-10.2%	8 M €	+71.7%	4,6 M €	+8.7%	4,3 M €	+3.0%	4,1 M €	-1.1%	4,2 M €	+3.5%	4 M €	+15.7%	3,5 M €	+6.5%	3,3 M €	+3.9%	3,2 M €	+2.7%	3,1 M €	+99.1%	1,5 M €	-2.0%	1,6 M €	+7.3%	1,5 M €
Cash	334,2 k €	+273%	89,5 k €	-27.9%	124,2 k €	-84.5%	799,1 k €	-23.4%	1 M €	-21.9%	1,3 M €	+17.5%	1,1 M €	+6.8%	1,1 M €	+3.1%	1 M €	+2586%	38,4 k €	-88.6%	337,4 k €	+113%	158,5 k €	+32.6%	119,5 k €	-50.3%	240,4 k €	+9.4%	219,7 k €	+226%	67,5 k €
Debts	1,6 M €	-3.8%	1,7 M €	-10.2%	1,9 M €	-36.1%	3 M €	+1058%	257,7 k €	-12.6%	295 k €	-24.0%	388,3 k €	-39.6%	643,3 k €	-16.3%	768,3 k €	-8.0%	835,3 k €	-9.3%	921,4 k €	-19.8%	1,1 M €	-9.0%	1,3 M €	+522%	203 k €	-49.4%	401 k €	-34.1%	608,4 k €
Other
Workforce	0,0 ETP		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 4 active · 17 ended

Active mandates

Davy Vanexem

Director · since 27 avril 2022 · until 08 mars 2028

Active

Marc Vanexem

Managing director · since 27 avril 2022 · until 08 mars 2028

Active

Severine Vanexem

Director · since 27 avril 2022 · until 08 mars 2028

Active

Veronique Persyn

Managing director · since 27 avril 2022 · until 08 mars 2028

Active

Ended mandates

Davy Vanexem

Director · since 11 mars 2020 · until 11 mars 2025

Ended

Marc Vanexem

Managing director · since 11 mars 2020 · until 11 mars 2025

Ended

Severine Vanexem

Director · since 11 mars 2020 · until 11 mars 2025

Ended

Veronique Persyn

Managing director · since 11 mars 2020 · until 11 mars 2025

Ended

At this address

Other companies at this address

Company	CBE no.
B.M. Daverine● Active	0713.916.634

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	24/02/2026	07/03/2025	04/03/2024	17/02/2023	31/12/2021	04/01/2021
General meeting	11/02/2026	10/02/2025	27/02/2024	20/01/2023	01/12/2021	09/12/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/09/2025	11/02/2026	24/02/2026	Dutch	PDF
Abridged model	30/09/2024	10/02/2025	07/03/2025	Dutch	PDF
Abridged model	30/09/2023	27/02/2024	04/03/2024	Dutch	PDF
Abridged model	30/09/2022	20/01/2023	17/02/2023	Dutch	PDF
Abridged model	30/09/2021	01/12/2021	31/12/2021	Dutch	PDF
Abridged model	30/09/2020	09/12/2020	04/01/2021	Dutch	PDF
Abridged model	30/09/2019	11/03/2020	09/04/2020	Dutch	PDF
Abridged model	30/09/2018	13/03/2019	15/03/2019	Dutch	PDF
Abridged model	30/09/2017	14/03/2018	22/03/2018	Dutch	PDF
Abridged model	30/09/2016	08/03/2017	22/03/2017	Dutch	PDF
Abridged model	30/09/2015	09/03/2016	18/03/2016	Dutch	PDF
Abridged model	30/09/2014	11/03/2015	23/03/2015	Dutch	PDF
Abridged model	30/09/2013	12/03/2014	04/04/2014	Dutch	PDF
Abridged model	30/09/2012	13/03/2013	14/03/2013	Dutch	PDF
Abridged model	30/09/2011	14/03/2012	30/03/2012	Dutch	PDF
Abridged model	30/09/2010	09/03/2011	13/04/2011	Dutch	PDF
Abridged model	30/09/2009	10/03/2010	22/03/2010	Dutch	PDF
Abridged model	30/09/2008	11/03/2009	27/03/2009	Dutch	PDF
Abridged model	30/09/2007	12/03/2008	27/03/2008	Dutch	PDF
Abridged model	30/09/2006	14/03/2007	21/03/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/09/2025 · 4 active · 17 ended

Active mandates

Davy Vanexem

Director · since 27 avril 2022 · until 08 mars 2028

Active

Marc Vanexem

Managing director · since 27 avril 2022 · until 08 mars 2028

Active

Severine Vanexem

Director · since 27 avril 2022 · until 08 mars 2028

Active

Veronique Persyn

Managing director · since 27 avril 2022 · until 08 mars 2028

Active

Ended mandates

Davy Vanexem

Director · since 11 mars 2020 · until 11 mars 2025

Ended

Marc Vanexem

Managing director · since 11 mars 2020 · until 11 mars 2025

Ended

Severine Vanexem

Director · since 11 mars 2020 · until 11 mars 2025

Ended

Veronique Persyn

Managing director · since 11 mars 2020 · until 11 mars 2025

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/05/2022
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Mandates30/04/2020
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares24/12/2018
KAPITAAL - AANDELEN
PDF
Mandates04/07/2018
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares19/09/2014
KAPITAAL - AANDELEN
PDF
Mandates24/06/2014
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares13/01/2012
KAPITAAL - AANDELEN - DOEL - DIVERSEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office05/11/2009
MAATSCHAPPELIJKE ZETEL
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025278,1 k €↓
2024
Annual accounts 2024571,6 k €↑
2023
Annual accounts 2023238 k €↓
2022
Annual accounts 2022599,9 k €↑
2018
Annual accounts 2018411,1 k €↑
2017
Annual accounts 2017221,8 k €↑
2016
Annual accounts 2016206 k €↓
2015
Annual accounts 2015267,6 k €↓
2014
Annual accounts 2014715,9 k €↑
2013
Annual accounts 2013301,9 k €↓
2012
Annual accounts 2012349,7 k €↑
2011
Annual accounts 2011198,8 k €↓
2010
Annual accounts 2010394,2 k €↑
2009
Annual accounts 2009166,5 k €↓
2008
Annual accounts 2008338,4 k €↑
2007
Annual accounts 200761,8 k €
08/12/1989
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

SEDA

Overview

What does SEDA do?

Trend over 16 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline