ACTIVE

SEVAN

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Financial year 2025 · closed on 31/12/2025

Net result

5,1 k €

+11.8% YoY

Gross margin

21,0 k €

+6.6% YoY

Equity

349,6 k €

+1.5% YoY

What does SEVAN do?

SEVAN is a Public limited company incorporated in 1993. Its registered office is in Antwerpen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0450.822.346

Incorporation

02/09/1993

Legal form

Public limited company

Registered office

Komedieplaats 4
2000 Antwerpen · FlandreSee on map

Contributed capital

250 625,98 €

Latest accounts

31/12/2025

Contacts

1 public detail availableLog in to view

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 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	21,0 k €	+6.6%	19,6 k €	+6.6%	18,4 k €	-4.5%	19,3 k €	-13.3%	22,3 k €	+1.2%	22,0 k €	-2.5%	22,6 k €	-13.7%	26,1 k €	+8.7%	24,0 k €	-3.3%	24,9 k €	-3.4%	25,7 k €	+13.2%	22,7 k €	-12.2%	25,9 k €	+4.6%	24,7 k €	-1.4%	25,1 k €	-4.3%	26,2 k €	+63.0%	16,1 k €	+0.4%	16,0 k €	-12.3%	18,3 k €	+28.2%	14,2 k €
EBITDA	12,7 k €	+9.1%	11,7 k €	+10.1%	10,6 k €	-12.8%	12,1 k €	-21.2%	15,4 k €	+0.9%	15,3 k €	-7.9%	16,6 k €	-18.2%	20,3 k €	+11.0%	18,2 k €	-4.0%	19,0 k €	-3.8%	19,8 k €	+17.8%	16,8 k €	-16.1%	20,0 k €	+5.0%	19,0 k €	-2.0%	19,4 k €	-5.5%	20,6 k €	+97.2%	10,4 k €	-1.6%	10,6 k €	-18.2%	12,9 k €	+44.1%	9,0 k €
Operating result	1,4 k €	-56.4%	3,2 k €	+40.6%	2,2 k €	-60.7%	5,7 k €	-43.1%	10,0 k €	+38.8%	7,2 k €	+381%	1,5 k €	-65.2%	4,3 k €	+3902%	-113,5 €	-103%	3,8 k €	-47.0%	7,1 k €	+540%	1,1 k €	+413%	215,4 €	+108%	-2,8 k €	-16.0%	-2,4 k €	-258%	-683,2 €	+81.5%	-3,7 k €	-17.6%	-3,1 k €	-292%	1,6 k €	+170%	-2,3 k €
Net result	5,1 k €	+11.8%	4,6 k €	-84.5%	29,5 k €	+265%	8,1 k €	-16.2%	9,7 k €	+33.7%	7,2 k €	+102%	3,6 k €	-42.9%	6,3 k €	+153%	2,5 k €	-60.9%	6,3 k €	-33.2%	9,5 k €	+153%	3,7 k €	-0.1%	3,8 k €	+531%	594,5 €	-46.0%	1,1 k €	-65.9%	3,2 k €	+896%	-405,1 €	-161%	659,4 €	-85.5%	4,6 k €	+777%	-673,0 €
Balance sheet
Equity	349,6 k €	+1.5%	344,5 k €	-0.4%	345,8 k €	-6.9%	371,5 k €	+2.2%	363,4 k €	+2.7%	353,8 k €	+2.1%	346,6 k €	+1.0%	343,0 k €	+1.9%	336,7 k €	+0.7%	334,3 k €	+1.9%	327,9 k €	+3.0%	318,5 k €	+1.2%	314,7 k €	+1.2%	311,0 k €	+0.2%	310,4 k €	+0.4%	309,3 k €	+1.1%	306,0 k €	-0.1%	306,4 k €	+0.2%	305,8 k €	+1.5%	301,2 k €
Total assets	354,6 k €	-1.2%	358,8 k €	-11.6%	406,0 k €	+8.7%	373,5 k €	+1.8%	367,0 k €	+3.2%	355,5 k €	+2.4%	347,3 k €	+1.0%	343,7 k €	+0.1%	343,5 k €	+2.7%	334,4 k €	+1.9%	328,1 k €	+3.0%	318,6 k €	+1.2%	314,8 k €	+1.1%	311,3 k €	+0.3%	310,5 k €	-5.9%	330,1 k €	+7.6%	306,8 k €	-1.3%	310,9 k €	-0.9%	313,7 k €	+0.4%	312,5 k €
Cash	7,0 k €	-79.6%	34,5 k €	-67.8%	107,1 k €	+323%	25,3 k €	-26.9%	34,6 k €	+46.2%	23,7 k €	-66.9%	71,4 k €	+39.9%	51,1 k €	+77.1%	28,8 k €	-11.7%	32,6 k €	-3.7%	33,9 k €	-28.8%	47,6 k €	+5.9%	45,0 k €	+49.8%	30,0 k €	+180%	10,7 k €	-2.1%	10,9 k €	-42.7%	19,1 k €	+18.2%	16,2 k €	+3.9%	15,6 k €	+186%	5,4 k €
Debts	5,0 k €	-65.2%	14,3 k €	-76.1%	60,1 k €	+2940%	2,0 k €	-44.4%	3,6 k €	+109%	1,7 k €	+138%	717,1 €	0.0%	717,1 €	-89.4%	6,8 k €	+5275%	126,5 €	0.0%	126,5 €	0.0%	126,5 €	0.0%	126,5 €	-61.3%	326,5 €	+158%	126,5 €	-99.4%	20,8 k €	+2661%	754,3 €	-83.0%	4,4 k €	-44.3%	7,9 k €	-29.8%	11,3 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 16 ended

Active mandates

CHRISTIAN VROUYR

Managing director · since 26 mai 2026 · until 31 mai 2032

Active

LUCYNEH VROUYR

Managing director · since 26 mai 2026 · until 31 mai 2032

Active

NAÏRY VROUYR

Managing director · since 26 mai 2026 · until 31 mai 2032

Active

NECTAR MAKINADJIAN

Director · since 26 mai 2026 · until 31 mai 2032

Active

Ended mandates

CHRISTIAN VROUYR

Managing director · since 10 septembre 2020 · until 25 mai 2026

Ended

LUCYNEH VROUYR

Managing director · since 10 septembre 2020 · until 25 mai 2026

Ended

Nairy VROUYR

Managing director · since 10 septembre 2020 · until 25 mai 2026

Ended

Nectar MAKINADJIAN

Director · since 10 septembre 2020 · until 25 mai 2026

Ended

At this address

Other companies at this address

Company	CBE no.
LUGANA● Active	0450.822.742
N. VROUYR● Active	0416.248.378

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	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	22/06/2026	13/06/2025	15/07/2024	28/06/2023	17/06/2022	08/06/2021
General meeting	26/05/2026	26/05/2025	27/05/2024	30/05/2023	30/05/2022	31/05/2021
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	31/12/2025	26/05/2026	22/06/2026	Dutch	PDF
Abridged model	31/12/2024	26/05/2025	13/06/2025	Dutch	PDF
Abridged model	31/12/2023	27/05/2024	15/07/2024	Dutch	PDF
Abridged model	31/12/2022	30/05/2023	28/06/2023	Dutch	PDF
Abridged model	31/12/2021	30/05/2022	17/06/2022	Dutch	PDF
Abridged model	31/12/2020	31/05/2021	08/06/2021	Dutch	PDF
Abridged model	31/12/2019	25/05/2020	26/05/2020	Dutch	PDF
Abridged model	31/12/2018	27/05/2019	17/06/2019	Dutch	PDF
Abridged model	31/12/2017	28/05/2018	26/06/2018	Dutch	PDF
Abridged model	31/12/2016	29/05/2017	21/06/2017	Dutch	PDF
Abridged model	31/12/2015	30/05/2016	16/06/2016	Dutch	PDF
Abridged model	31/12/2014	26/05/2015	26/06/2015	Dutch	PDF
Abridged model	31/12/2013	26/05/2014	18/07/2014	Dutch	PDF
Abridged model	31/12/2012	27/05/2013	17/07/2013	Dutch	PDF
Abridged model	31/12/2011	29/05/2012	18/07/2012	Dutch	PDF
Abridged model	31/12/2010	30/05/2011	22/06/2011	Dutch	PDF
Abridged model	31/12/2009	31/05/2010	15/07/2010	Dutch	PDF
Abridged model	31/12/2008	25/05/2009	29/06/2009	Dutch	PDF
Abridged model	31/12/2007	26/05/2008	14/07/2008	Dutch	PDF
Abridged model	31/12/2006	29/05/2007	06/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 31/12/2025 · 4 active · 16 ended

Active mandates

CHRISTIAN VROUYR

Managing director · since 26 mai 2026 · until 31 mai 2032

Active

LUCYNEH VROUYR

Managing director · since 26 mai 2026 · until 31 mai 2032

Active

NAÏRY VROUYR

Managing director · since 26 mai 2026 · until 31 mai 2032

Active

NECTAR MAKINADJIAN

Director · since 26 mai 2026 · until 31 mai 2032

Active

Ended mandates

CHRISTIAN VROUYR

Managing director · since 10 septembre 2020 · until 25 mai 2026

Ended

LUCYNEH VROUYR

Managing director · since 10 septembre 2020 · until 25 mai 2026

Ended

Nairy VROUYR

Managing director · since 10 septembre 2020 · until 25 mai 2026

Ended

Nectar MAKINADJIAN

Director · since 10 septembre 2020 · until 25 mai 2026

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares20/09/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN - KAPITAAL - AANDELEN
PDF
Mandates30/10/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/06/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/07/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/06/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/06/2005
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares04/06/2004
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates23/06/2003
ONTSLAGEN - BENOEMINGEN
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 20255,1 k €↑
2024
Annual accounts 20244,6 k €↓
2023
Annual accounts 202329,5 k €↑
2022
Annual accounts 20228,1 k €↓
2021
Annual accounts 20219,7 k €↑
2020
Annual accounts 20207,2 k €↑
2019
Annual accounts 20193,6 k €↓
2018
Annual accounts 20186,3 k €↑
2017
Annual accounts 20172,5 k €↓
2016
Annual accounts 20166,3 k €↓
2015
Annual accounts 20159,5 k €↑
2014
Annual accounts 20143,7 k €↓
2013
Annual accounts 20133,8 k €↑
2012
Annual accounts 2012594,5 €↓
2011
Annual accounts 20111,1 k €↓
2010
Annual accounts 20103,2 k €↑
2009
Annual accounts 2009-405,1 €↓
2008
Annual accounts 2008659,4 €↓
2007
Annual accounts 20074,6 k €↑
2006
Annual accounts 2006-673,0 €
02/09/1993
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

SEVAN

Overview

What does SEVAN do?

Trend over 20 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