S.E. SOLUTIONS
ActiveSummary
The computed 12-month bankruptcy probability of S.E. SOLUTIONS is 2.4% (moderate). The annual accounts of S.E. SOLUTIONS for fiscal year 2025 show a net loss of 69% of the equity at the start of that year. The 2025 annual accounts show equity of €20k and a net result of €-44k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 17% of 27786 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
29
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-68
Solvency39▼-26
Growth22▼-30
Track record100
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.71 against 1.29 in 2024; short-term debt: 71.9% and cash: 0% of total assets), and 85.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
14.2%
Return on assets
-31%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 27786 sector peers (2025).
NBB · sector comparisonPosition among 27786 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Filed after the deadline
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. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
31 d late
2024
120 d late
2023
50 d late
2022
31 d late
2021
61 d late
2020
90 d late
2019
102 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€405k▼ 20.2%
2024 · €508k
2024: €508k
2024 → 2025
EBIT margin
-9.6%▼ 14.5pp
2024 · 4.9%
2024: 4.9%
2024 → 2025
Net result
€-44k
2024 · €14k
2019: €21k
2020: €-29k
2021: €-355
2022: €43k
2023: €10k
2024: €14k
2019 → 2025
Working capital
€-29k
2024 · €17k
2019: €11k
2020: €-24k
2021: €-8k
2022: €37k
2023: €44k
2024: €17k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€508k€405k▼ 20.2%
Equity€-4k-€39k€49k▲ 24.9%€63k▲ 29.5%€20k▼ 68.6%
Operating result€2k-€56k▲ 2,239%€17k▼ 69.7%€25k▲ 45.1%€-39k
Net result€-355-€43k€10k▼ 77.4%€14k▲ 47.7%€-44k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €39k after €25k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €140k
Fixed assets
€69k ▼ 17.0%
Current assets
€72k ▼ 5.7%
Equity and liabilities €140k
Equity
€20k ▼ 68.6%
Debt
€121k ▲ 26.3%
Debt's share of the balance-sheet total rises from 60.1% to 85.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-23k▼
2024 · €32k
Cash flow
€-27k▼
2024 · €21k
Current ratio
0.71▼
2024 · 1.29
Quick ratio
0.64▼
2024 · 1.19
Debt to equity
6.05▲
2024 · 1.51
ROE
-218.4%▼
2024 · 22.8%
ROA
-31.0%▼
2024 · 9.1%
Interest coverage
-3.50▼
2024 · 7.34
Debt ≤ 1 year
€101k▲
2024 · €59k
Debt > 1 year
€20k▼
2024 · €36k
Income taxes
€171▼
2024 · €6k
Staff costs
€62k▲
2024 · €60k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 55 lines
Balance sheet
Code20242025
Assets
Total assets20/58€159k€140k▼
Fixed assets21/28€83k€69k▼
Intangible fixed assets21€777€696▼
Tangible fixed assets22/27€76k€66k▼
Plant, machinery and equipment23€7k€6k▼
Furniture and vehicles24€50k€40k▼
Other tangible fixed assets26€19k€21k▲
Financial fixed assets28€6k€2k▼
Current assets29/58€76k€72k▼
Stocks and contracts in progress3€6k€7k▲
Stocks30/36€6k€7k▲
Amounts receivable within one year40/41€61k€63k▲
Trade receivables40€7k€33k▲
Other amounts receivable41€54k€30k▼
Cash at bank and in hand54/58€8k€60▼
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€159k€140k▼
Equity10/15€63k€20k▼
Contributions10/11€6k€6k=
Reserves13€57k€57k=
Distributable reserves133€57k€57k=
Profit (loss) carried forward14€13€-43k▼
Amounts payable17/49€95k€121k▲
Amounts payable after more than one year17€36k€20k▼
Financial debts170/4€36k€20k▼
Amounts payable within one year42/48€59k€101k▲
Current portion of amounts payable after more than one year42€18k€17k▼
Financial debts43€3k€35k▲
Credit institutions430/8€3k€35k▲
Trade debts44€28k€45k▲
Suppliers440/4€28k€45k▲
Taxes, remuneration and social security45€4k€4k▲
Taxes450/3€1k€1k▲
Remuneration and social security454/9€3k€3k▲
Other amounts payable47/48€7k-
Income statement
Code20242025
Turnover70€508k€405k▼
Non-recurring operating income76A€10k-
Goods, raw materials, services and sundry goods60/61€424k€363k▼
Remuneration, social security and pensions62€60k€62k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€16k▲
Other operating charges640/8€3k€3k▼
Gross operating margin9900€95k€42k▼
Operating profit (loss)9901€25k€-39k▼
Financial income75/76B€66€2k▲
Recurring financial income75€66€2k▲
Financial charges65/66B€4k€6k▲
Recurring financial charges65€4k€6k▲
Profit (loss) for the period before taxes9903€20k€-43k▼
Income taxes67/77€6k€171▼
Profit (loss) for the period9904€14k€-44k▼
Profit (loss) for the period to be appropriated9905€14k€-44k▼
Appropriation of the result
Profit (loss) to be appropriated9906€14k€-43k▼
Profit (loss) brought forward from the previous period14P€11€13▲
Transfer to equity691/2€14k-
To the legal reserve6920€14k-
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-44k ▼401%
Net result drops to €-44k, the lowest in the series.
28-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 120 days late
2024
19-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 50 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €43k
Net result €43k after 2 loss-making years.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
10-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 102 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Torhout · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Schavelarestraat 158820 TorhoutGround area
1,517 m²
Building footprint
231 m²
Volume, LiDAR
1,100 m³
Parcel 31523E0195/00L000, Flanders · tallest building 9.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Schavelarestraat 15, 8820 Torhout
since 20182.308.320.876
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31523E0195/00L000 | Flanders | 1,517 m² | 1 · 231 m² | 9.1 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
SST Services
BE 0755.563.781
Vilvoorde · Eq €19,905
JB Elektro
BE 0767.643.053
Kluisbergen · Eq €19,900
ES ELECTRO
BE 1015.186.954
Deinze · Eq €19,943
CEYKA TECH
BE 0790.813.284
Schaarbeek · Eq €19,945
AUTONOMHOUSE
BE 0501.729.827
Elsene · Eq €19,880
Of 22,821 companies in sector 43211 we hold annual accounts for 10,326. 7,193 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-11-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
43212Electrical installation work in industrial facilities
43221Plumbing work
43350Other building finishing work
82300Organisation of conventions and trade shows
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.