Equity
€19,920 from €63,423 in 2024
Equity fell by 69% in 1 year.
S.E. SOLUTIONS
Lifetime
7 annual accounts with figures on one time axispeak €120,716 (2022)
€42,398▼ 55.2%
lowest -€43,503 (2025)
-€43,503▼ €57,945
peak €63,423 (2024)
€19,920▼ 68.6%
€120,543▲ 26.3%
peak 2 FTE (2019)
-not published
Board4 names since 2018
4 directorsCOOLEMAN Stewart Ashley and 3 others
Documentsfilings and deeds
31-08-202631 days late
2025micro format
Turnover from €508,171 to €405,330Gross margin from €94,639 to €42,398Loss of €43,503Equity from €63,423 to €19,920Debts from €95,463 to €120,543Cash from €7,545 to €60
Key points
from the 2025 annual accountsResult
-€43,503 -€43,503
From profit to loss in 2025, after a profit of €14,442 in 2024.
Debts
€120,543 86% of the balance sheet
Financial debts 45%Suppliers 37%Taxes and wages 4%Other 14%
Of this, €101,008 falls due within a year.
Payment terms
45 days to suppliers
S.E. SOLUTIONS pays its suppliers 21 days later than in 2024. Customers pay 25 days later.
Filings
7 annual accounts 7 late
The 2024 accounts came latest: 120 days after the end of the period.
Position in the sector
-€43,503
Lower net result than 95% of companies in specialised construction. Sector median €10,190 · 35,144 companies.
Checked score
33
Weak
Financially stronger than 11% of micro companies in specialised construction (NACE 43)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
6.0% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.4%
01-2025: 3.3%▼ -0.1 percentage points vs 12-2024
02-2025: 2.9%▼ -0.4 percentage points vs 01-2025
03-2025: 2.8%▼ -0.1 percentage points vs 02-2025
04-2025: 2.9%▲ +0.1 percentage points vs 03-2025
05-2025: 2.7%▼ -0.2 percentage points vs 04-2025
06-2025: 2.7%● unchanged vs 05-2025lowest value
07-2025: 2.7%● unchanged vs 06-2025
08-2025: 3.4%▲ +0.7 percentage points vs 07-2025
09-2025: 3.5%▲ +0.1 percentage points vs 08-2025
10-2025: 5.0%▲ +1.5 percentage points vs 09-2025
11-2025: 5.1%▲ +0.1 percentage points vs 10-2025
12-2025: 4.6%▼ -0.5 percentage points vs 11-2025
01-2026: 4.6%● unchanged vs 12-2025
02-2026: 4.6%● unchanged vs 01-2026
03-2026: 4.8%▲ +0.2 percentage points vs 02-2026
04-2026: 4.8%● unchanged vs 03-2026
05-2026: 4.7%▼ -0.1 percentage points vs 04-2026
06-2026: 4.5%▼ -0.2 percentage points vs 05-2026
07-2026: 4.2%▼ -0.3 percentage points vs 06-2026
08-2026: 5.1%▲ +0.9 percentage points vs 07-2026
09-2026: 6.0%▲ +0.9 percentage points vs 08-2026highest value
10-2026: 6.0%● unchanged vs 09-2026highest value
11-2026: 6.0%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Last filed accounts filed 31 days late; 3 of the last 3 accounts late
Liquidity: current ratio 0.71, cash €60, halved
Loss of €43,503 (financial year 2025)
Sector: Specialised construction activities (NACE 43)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 17% of them on solvency, 7% on liquidity, 4% on profitability and 15% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,133 companies had the same profile as S.E. SOLUTIONS has now. Each dot stands for 3 companies, two years later.
86.3%
were still trading
6.6%
stopped another way
6.4%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of S.E. SOLUTIONS itself: 6.0% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,133 companies, not a prediction for S.E. SOLUTIONS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €500 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.71 (1.29 in 2024), below 1. Short-term debt is 71.9% and cash 0% of total assets. 85.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 35156 sector peers (2025).
NBB · sector comparisonPosition among 35156 sector peers
Solvency
better than 17%
← weakest
strongest →
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 7 filingsDeviation from the deadline
2025
31 days late
2024
120 days late
2023
50 days late
2022
31 days late
2021
61 days late
2020
90 days late
2019
102 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 69 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 20 September (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- COOLEMAN Stewart Ashley 80 sharesdeed of 22-11-2018
- SCHACHT Eva Charlotte Christiane 20 sharesdeed of 22-11-2018
Recent changes
2 managers resigning, 2 directors reappointed
Resignations: Stewart Cooleman (manager and director) and Schacht Eva (manager and director) · Reappointments: Stewart Cooleman (director) and Schacht Eva (director) · “Elektrische en elektrotechnische installatiewerken; Loodgieterswerk,installatie van verwarming en…” (deed in Dutch) · General meeting of 27-11-2023 · Gazette deed
Incorporation
Founding capital of €18,600, 100 shares, €6,200 paid up · Founders: COOLEMAN Stewart Ashley and SCHACHT Eva Charlotte Christiane · Appointments: COOLEMAN Stewart Ashley (manager) and SCHACHT Eva Charlotte Christiane (manager) · published on 22-11-2018 · Gazette deed
First establishment
Schavelarestraat 15, Torhout
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| S.E. SOLUTIONS Torhout | €140,463 | €42,398 | 14.2% | - |
| HERMAN TECHNICS Wingene | €141,719 | €45,478 | 48.8% | - |
| THIJS DE GHANDT Kuurne | €120,142 | €38,798 | 76.2% | - |
| SB DOMOTIX Hasselt | €150,066 | €47,708 | 81.0% | - |
| David Meersman Sint-Lievens-Houtem | €134,115 | €41,677 | 88.7% | - |
| Polleunis-Energy Houthalen-Helchteren | €124,802 | €44,206 | 37.7% | - |
| TechniKL Begijnendijk | €121,747 | €44,246 | 15.3% | - |
These companies have the same main activity as S.E. SOLUTIONS: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €120,000 and €150,000, founded between 2017 and 2019.
Official details
Source: KBO- Status
- Active since 20-11-2018Normal situation
- Activity
- General electrical installation workNACE 43211and 6 others
- Establishment unit
- 2.308.320.8768820 Torhout, since 16-11-2018
- Financial year end
- 31 December
- Peppol
- Reachable
Insights on S.E. SOLUTIONS
S.E. SOLUTIONS files the micro format. That format states no turnover. The gross margin fell from €118,375 in 2019 to €42,398 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about S.E. SOLUTIONS
- What is the company number of S.E. SOLUTIONS?
- The company number of S.E. SOLUTIONS is 0713.728.671. The VAT number is the same number with BE in front: BE 0713.728.671.
- Where is S.E. SOLUTIONS based?
- The registered office is at Schavelarestraat 15, 8820 Torhout.Company details
- What does S.E. SOLUTIONS do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of S.E. SOLUTIONS?
- S.E. SOLUTIONS is a private limited company (BV).
- When was S.E. SOLUTIONS founded?
- S.E. SOLUTIONS was founded on 20-11-2018.
- Is S.E. SOLUTIONS still active?
- Yes, S.E. SOLUTIONS is an active enterprise in the KBO register.
- How many employees does S.E. SOLUTIONS have?
- S.E. SOLUTIONS had an average of 2.3 full-time equivalents in financial year 2021, according to the filed annual accounts.Financials
- What is the turnover of S.E. SOLUTIONS?
- The turnover of S.E. SOLUTIONS was €405,330 in financial year 2025, according to the filed annual accounts.
- Is S.E. SOLUTIONS profitable?
- In financial year 2025, S.E. SOLUTIONS made a loss of €43,503.
- Where can I find the annual accounts of S.E. SOLUTIONS?
- S.E. SOLUTIONS filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of S.E. SOLUTIONS due?
- S.E. SOLUTIONS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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