SEA ++
SEA ++ has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-2k) and a net result of €-9k. Equity is growing by ~50.4% per year across the filed fiscal years. Its solvency ranks better than 9% of 16691 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
| Equity | €-2k |
| Net result | €-9k |
| Staff (FTE) | 1 |
| Better than sector | 9% |
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -0.3% | 60.0% | |
| Net result | €-9k | €29k | |
| Equity | €-2k | €72k | |
| Gross operating margin | €128k | €55k | |
| Staff costs | €38k | €25k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €84k | €71k | €47k | €79k | €32k |
| Net profit | €-9k | €29k | €8k | €20k | €-34k |
| Cash flow | €67k | €65k | €43k | €74k | €28k |
| Staff costs | €38k | €36k | €36k | €47k | €72k |
| Income taxes | €563 | €4k | €1k | €2k | €813 |
| Dividends | - | - | - | - | - |
| Total assets | €661k | €390k | €400k | €414k | €437k |
| Equity | €-2k | €7k | €-22k | €-31k | €-50k |
| Debt | €663k | €383k | €422k | €445k | €488k |
| of which ≤ 1y | €69k | €56k | €65k | €66k | €83k |
| of which > 1y | €594k | €327k | €357k | €379k | €405k |
| Working capital | €34k | €87k | €52k | €43k | €12k |
| Employees (FTE) | 1.0 | 1.0 | 1.0 | 1.7 | 2.4 |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 1.50 | 2.57 | 1.80 | 1.66 | 1.15 |
| Quick ratio | 1.37 | 2.41 | 1.67 | 1.52 | 1.15 |
| Working capital ratio | 5.2% | 22.4% | 13.1% | 10.4% | 2.8% |
| Solvency | -0.3% | 1.8% | -5.6% | -7.4% | -11.5% |
| Debt / equity | -339.29 | 54.50 | -18.87 | -14.43 | -9.69 |
| Long-term debt ratio | -304.00 | 46.59 | -15.96 | -12.30 | -8.04 |
| Interest coverage | 10.96 | 27.50 | 15.79 | 24.72 | 9.12 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -1.4% | 7.5% | 2.1% | 4.7% | -7.9% |
| ROE | 459.6% | 418.8% | -37.7% | -63.3% | 68.5% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (26 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €661k | €390k | €400k | €414k | €437k |
| Fixed assets | 21/28 | €557k | €247k | €282k | €305k | €342k |
| Intangible fixed assets | 21 | €180k | €210k | €240k | €270k | €300k |
| Tangible fixed assets | 22/27 | €377k | €37k | €42k | €35k | €42k |
| Financial fixed assets | 28 | €52 | €52 | €52 | €52 | €52 |
| Current assets | 29/58 | €103k | €143k | €118k | €109k | €95k |
| Stocks & contracts in progress | 3 | €9k | €9k | €9k | €9k | - |
| Amounts receivable within one year | 40/41 | €39k | €43k | €93k | €66k | €64k |
| Cash & bank | 54/58 | €47k | €87k | €14k | €31k | €27k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €661k | €390k | €400k | €414k | €437k |
| Equity | 10/15 | €-2k | €7k | €-22k | €-31k | €-50k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | €19k |
| Reserves | 13 | €84k | €84k | €54k | €46k | €26k |
| Accumulated profits (losses) | 14 | €-104k | €-95k | €-95k | €-95k | €-95k |
| Amounts payable | 17/49 | €663k | €383k | €422k | €445k | €488k |
| Amounts payable after one year | 17 | €594k | €327k | €357k | €379k | €405k |
| Amounts payable within one year | 42/48 | €69k | €56k | €65k | €66k | €83k |
| Trade debts payable within one year | 44 | €14k | €7k | €13k | €14k | €18k |
| Income statement | ||||||
| Gross operating margin | 9900 | €128k | €135k | €86k | €131k | €135k |
| Operating result | 9901 | €8k | €35k | €12k | €25k | €-30k |
| Financial income | 75 | €766 | €808 | €542 | - | €210 |
| Financial charges | 65 | €8k | €3k | €3k | €3k | €4k |
| Result before taxes | 9903 | €-8k | €33k | €10k | €22k | €-34k |
| Income taxes | 67/77 | €563 | €4k | €1k | €2k | €813 |
| Net result for the period | 9904 | €-9k | €29k | €8k | €20k | €-34k |
| Result to be appropriated | 9905 | €-9k | €29k | €8k | €20k | €-34k |
| NACE primary | Computer consultancy and computer facilities management(62200) |
| Legal form | Private limited company(610) |
| Incorporation | 11-04-1996 |
| Status | Active |
| Postal code | 4700 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63004B0336/00V000 | Wallonia | 318 m² | 1 · 64 m² | 9.4 m · 3 fl. |
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
07-02-2024 Registered office moved from Baelen to Eupen
- 4837 Baelen, Route d'Eupen 30 → 4700 Eupen, Stockem 7
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "4700 Eupen, Stockem 7",
"city": "Eupen",
"region": "waals_gewest",
"street": null,
"country": "BE",
"postcode": "4700",
"box_number": null,
"street_number": null,
"locality_suffix": "7"
},
"old_address": {
"raw": "4837 Baelen, Route d\u0027Eupen 30",
"city": "Baelen",
"region": "waals_gewest",
"street": null,
"country": "BE",
"postcode": "4837",
"box_number": null,
"street_number": null,
"locality_suffix": null
},
"effective_date": null,
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "not_specified",
"statutaire_vs_werkelijke": null,
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": "Renaud LILIEN",
"firm_city": null,
"firm_name": null,
"office_city": "Eupen",
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2024-02-07",
"filing_date": "2024-01-25",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decision": {
"body": "algemene_vergadering",
"date": "2023-12-27",
"unanimous": null
},
"subject_company": {
"kbo": "0457.717.066",
"name_full": "SEA \u002B\u002B",
"legal_form": "SRL"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "R.LILIEN",
"org_rep_person_name": null,
"person_role_at_subject": "Notaire"
},
"co_filed_documents": [
"exp\u00E9dition",
"coordination des statuts"
]
}| Legal nameDE | SEA ++ |