ACTIVE

Sewan Belgium

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Financial year 2025 · Closed on 31/12/2025

Net result709,8 k €+86,6 %over 1 year
Revenue9,7 M €+12,7 %over 1 year
Equity1,6 M €+77,1 %over 1 year
Workforce12,8 ETP-5,9 %over 1 year

Identity

Source · BCE/KBO

Sewan Belgium is a Public limited company incorporated in 1990. Its registered office is in Woluwe-Saint-Lambert. It employs on average 12,8 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0440.985.457
Incorporation
14/06/1990
Legal form
Public limited company
Registered office
Avenue Ariane 5
1200 Woluwe-Saint-Lambert · BruxellesSee on map
Contributed capital
625 000,00 €
Latest accounts
31/12/2025
Average workforce
12,8 ETP
Joint committees (2)
  • 200
  • 218
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 22 filings

Trend over 19 financial years

20252024202320222021
Income statement
Revenue9,7 M €8,6 M €7,6 M €6,3 M €–
EBITDA979,8 k €642 k €-82,4 k €-498 k €236,1 k €
Operating result957,2 k €556,1 k €-36,9 k €-442,4 k €79,1 k €
Net result709,8 k €380,5 k €-83,4 k €-560,4 k €19,9 k €
Balance sheet
Equity1,6 M €920,3 k €539,8 k €623,3 k €1,2 M €
Total assets10,4 M €2,9 M €2,8 M €2,6 M €3,5 M €
Cash621,9 k €748,6 k €603,9 k €576 k €768,6 k €
Debts6 M €1,8 M €2,2 M €1,9 M €1,9 M €
Other
Workforce12,8 ETP13,6 ETP11,1 ETP9,6 ETP8,1 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 29 ended

Active mandates

Julien Kutter

Managing director · since 27 juin 2025 · until 27 juin 2031

Active
Sewan S. Etr.

Director · since 27 juin 2025 · until 27 juin 2031

Represented by Alexis de Goriainoff

Active

Ended mandates

Julien Kutter

Managing director · since 04 octobre 2019 · until 02 juin 2025

Ended
Julien Kutter

Managing director · since 04 octobre 2019 · until 27 juin 2025

Ended
Sewan S. Etr.

Director · since 04 octobre 2019 · until 02 juin 2025

Represented by Alexis de Goriainoff

Ended
Sewan S. Etr.

Director · since 04 octobre 2019 · until 27 juin 2025

Represented by Alexis de Goriainoff

Ended

Other companies at this address

Avenue Ariane 5 1200 Woluwe-Saint-Lambert
CompanyCBE no.
Association des Membres d'Intégrale● Active
0655.868.171
BIOMEDICAL DISTRIBUTION BELGIUM● Active
0724.560.504
CENTRE D'ANATOMIE PATHOLOGIQUE et de CYTOLOGIE● Active
0426.715.866
ENTREMONT BENELUX● Active
0424.939.182
PAN AND PRO EUROPE● Active
0839.680.005
RADIOLOGIE BRAEKEVELD MB● Active
0650.546.039
RAINBOWCOM● Active
0550.987.417
SARTORIUS BELGIUM● Active
0456.749.937
SARTORIUS STEDIM BELGIUM● Active
0888.466.946
SPG Dry Cooling Belgium● Active
0862.198.455
STEEL FOR PACKAGING EUROPE● Active
0480.186.424
UPS EUROPE● Active
0458.890.865
WILFRID REIX● Active
0463.912.594

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date29/06/202614/07/202508/07/202412/07/202303/02/202322/07/2021
General meeting26/06/202627/06/202528/06/202430/06/202331/01/202330/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 22 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202526/06/202629/06/2026FrenchPDF
Abridged model31/12/202427/06/202514/07/2025FrenchPDF
Abridged model31/12/202328/06/202408/07/2024FrenchPDF
Abridged model31/12/202230/06/202312/07/2023FrenchPDF
Abridged modelCorrection31/12/202131/01/202303/02/2023FrenchPDF
Abridged model31/12/202130/06/202226/07/2022FrenchPDF
Abridged model31/12/202030/06/202122/07/2021FrenchPDF
Abridged model31/12/201914/08/202008/09/2020FrenchPDF
Abridged model31/12/201826/09/201931/10/2019FrenchPDF
Abridged model31/12/201704/06/201828/08/2018FrenchPDF
Abridged model31/12/201606/06/201731/08/2017FrenchPDF
Abridged model31/12/201506/06/201627/10/2016FrenchPDF
Abridged model31/12/201430/06/201508/10/2015FrenchPDF
Abridged model31/12/201330/10/201430/10/2014FrenchPDF
Abridged model31/12/201227/09/201317/03/2014FrenchPDF
Abridged model31/12/201127/09/201215/11/2012FrenchPDF
Abridged model31/12/201022/06/201112/07/2011FrenchPDF
Abridged model31/12/200907/06/201029/07/2010FrenchPDF
Abridged model31/12/200803/06/200928/07/2009DutchPDF
Abridged modelCorrection31/12/200702/06/200801/07/2008FrenchPDF
Abridged model31/12/200702/06/200823/06/2008FrenchPDF
Abridged model31/12/200628/03/200729/03/2007FrenchPDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 29 ended

Active mandates

Julien Kutter

Managing director · since 27 juin 2025 · until 27 juin 2031

Active
Sewan S. Etr.

Director · since 27 juin 2025 · until 27 juin 2031

Represented by Alexis de Goriainoff

Active

Ended mandates

Julien Kutter

Managing director · since 04 octobre 2019 · until 02 juin 2025

Ended
Julien Kutter

Managing director · since 04 octobre 2019 · until 27 juin 2025

Ended
Sewan S. Etr.

Director · since 04 octobre 2019 · until 02 juin 2025

Represented by Alexis de Goriainoff

Ended
Sewan S. Etr.

Director · since 04 octobre 2019 · until 27 juin 2025

Represented by Alexis de Goriainoff

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates15/09/2026
    Renouvellement du mandat du commissaire et procuration
    PDF
  • Capital / shares25/08/2026
    Autorisation pour rachat d'actions propres et procuration
    PDF
  • Mandates12/03/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates19/01/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Registered office07/09/2023
    SIEGE SOCIAL
    PDF
  • Restructuring17/05/2022
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...) - DIVERS
    PDF
  • Other18/01/2022
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates23/12/2020
    DEMISSIONS, NOMINATIONS
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025709,8 k €↑
  2. 2024
    Annual accounts 2024380,5 k €↑
  3. 2023
    Annual accounts 2023-83,4 k €↑
  4. 2022
    Annual accounts 2022-560,4 k €↓
  5. 2021
    Annual accounts 202119,9 k €↑
  6. 2020
    Annual accounts 20201,3 k €↑
  7. 2020
    Name changeSewan Belgium
  8. 2019
    Annual accounts 2019-11,1 k €↓
  9. 2018
    Annual accounts 2018165,1 k €↓
  10. 2017
    Annual accounts 2017243,1 k €↓
  11. 2016
    Annual accounts 2016246,9 k €↓
  12. 2015
    Annual accounts 2015358,3 k €↑
  13. 2014
    Annual accounts 2014233,9 k €↑
  14. 2013
    Annual accounts 2013187,4 k €↑
  15. 2012
    Annual accounts 201211,5 k €↑
  16. 2011
    Annual accounts 2011-330,5 k €↓
  17. 2010
    Annual accounts 2010-46,2 k €↑
  18. 2009
    Annual accounts 2009-233,2 k €↑
  19. 2008
    Annual accounts 2008-286 k €↓
  20. 2007
    Annual accounts 2007-39,1 k €
  21. 2007
    Name change3 STARS NET
  22. 14/06/1990
    IncorporationPublic limited company