SEA & SPACE EXPLORATION
ActiveThe computed 12-month bankruptcy probability of SEA & SPACE EXPLORATION is 1.8% (moderate). The 2024 annual accounts show equity of €183k and a net result of €65k. Equity is growing by ~11% per year across the filed fiscal years. Its solvency ranks better than 95% of 97 sector peers (fiscal year 2024). The company has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
100
/ 100
Excellent▲ +7 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity ample (current ratio 28.44 against 4.27 in 2023), and 2.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 61
Relative position
BE, all sectors
reference
Sector 61
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
97.4%
Return on assets
34.5%
Age of the figures
20 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-06-2025, 41 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
41 d early
2023
48 d early
2022
24 d early
2021
23 d early
2020
26 d early
2019
21 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€65k▲ 113%
2023 · €30k
2018: €-6k
2019: €5k
2020: €13k
2021: €35k
2022: €33k
2023: €30k
2018 → 2024
Working capital
€131k▲ 94.9%
2023 · €67k
2018: €61k
2019: €48k
2020: €38k
2021: €38k
2022: €36k
2023: €67k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€89k-€87k▼ 2.6%€94k▲ 8.4%€122k▲ 29.5%€183k▲ 49.2%
Operating result€18k-€51k▲ 174%€51k▲ 1.2%€48k▼ 5.2%€97k▲ 100%
Net result€13k-€35k▲ 178%€33k▼ 6.6%€30k▼ 8.1%€65k▲ 113%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 100% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €187k
Fixed assets
€52k▼ 6.6%
Current assets
€136k▲ 54.7%
Equity and liabilities €187k
Equity
€183k▲ 49.2%
Debt
€5k▼ 76.3%
The debt ratio falls from 14.5% to 2.6%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€100k▲
2023 · €52k
Cash flow
€68k▲
2023 · €34k
Solvency
97.4%▲
2023 · 85.5%
Current ratio
28.44▲
2023 · 4.27
Quick ratio
28.44▲
2023 · 4.27
Debt / equity
0.03▼
2023 · 0.17
ROE
35.4%▲
2023 · 24.8%
ROA
34.5%▲
2023 · 21.2%
Interest coverage
164.43▲
2023 · 84.69
Debt
€5k▼
2023 · €21k
Debt ≤ 1 year
€5k▼
2023 · €21k
Income taxes
€32k▲
2023 · €17k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€143k€187k▲
Fixed assets21/28€55k€52k▼
Tangible fixed assets22/27€8k€5k▼
Furniture and vehicles24€8k€5k▼
Financial fixed assets28€47k€47k=
Current assets29/58€88k€136k▲
Amounts receivable within one year40/41€23k€16k▼
Trade receivables40€22k€11k▼
Other amounts receivable41€928€5k▲
Cash at bank and in hand54/58€65k€119k▲
Deferred charges and accrued income490/1€219€619▲
Equity and liabilities
Total equity and liabilities10/49€143k€187k▲
Equity10/15€122k€183k▲
Contributions10/11€6k€6k=
Reserves13€116k€176k▲
Distributable reserves133€116k€176k▲
Profit (loss) carried forward14€55€123▲
Amounts payable17/49€21k€5k▼
Amounts payable within one year42/48€21k€5k▼
Trade debts44€5k€274▼
Suppliers440/4€5k€274▼
Taxes, remuneration and social security45€11k-
Taxes450/3€11k-
Other amounts payable47/48€4k€5k▲
Accrued charges and deferred income492/3€129€129=
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k=
Other operating charges640/8€2k€945▼
Gross operating margin9900€54k€101k▲
Operating profit (loss)9901€48k€97k▲
Financial income75/76B-€58
Recurring financial income75-€58
Financial charges65/66B€615€611▼
Recurring financial charges65€615€611▼
Profit (loss) for the period before taxes9903€48k€96k▲
Income taxes67/77€17k€32k▲
Profit (loss) for the period9904€30k€65k▲
Profit (loss) for the period to be appropriated9905€30k€65k▲
Appropriation of the result
Profit (loss) to be appropriated9906€31k€65k▲
Profit (loss) brought forward from the previous period14P€652€55▼
Transfer from equity791/2€3k€5k▲
Transfer to equity691/2€31k€65k▲
To other reserves6921€31k€65k▲
Profit to be distributed694/7€3k€5k▲
Return on contributions (dividend)694€3k€5k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €65k ▲113%
Operating result €97k, net result €65k, both a record.
31-12
Financial
Liquidity times 7current ratio 28.44
Current ratio from 4.27 to 28.44; short-term debt falls from €21k to €5k.
31-12
Financial
Equity above €150kEq €183k ▲49.2%
6 profitable years in a row build equity to €183k.
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Liquidity doublescurrent ratio 4.27
Current ratio from 2.05 to 4.27; short-term debt falls from €34k to €21k.
31-12
Financial
Equity above €100kEq €122k ▲29.5%
5 profitable years in a row build equity to €122k.
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
01-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 1 day late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are 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, Elsene · 1 establishment unit since 2013
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.
Generaal Jacqueslaan 421050 ElseneGround area
388 m²
Building footprint
207 m²
Volume, LiDAR
5,291 m³
Parcel 21444B0354/00A000, Brussels · tallest building 28.6 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
Generaal Jacqueslaan 42, 1050 Elsene
since 20132.227.189.284
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21444B0354/00A000 | Brussels | 388 m² | 1 · 207 m² | 28.6 m · 9 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.
Public money · subsidies and aid
European research
1 project · 89,875 EUR EU contributionProgrammes
h2020
Projects
Boosting the European Innovative Satellite Technologies with In-Orbit Demonstrations
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Of 1,369 companies in sector 61100 we hold annual accounts for 579. 402 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-10-1999
Fiscal year end31-12
Activities, NACEBEL
61100Wired, wireless and satellite telecommunications
61200Telecommunications
64200Holdings
52250Logistics services
52290Warehousing and support activities for transportation
63401
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 10-09-2026. Scores and ratios are computed by Checked and are not a credit decision.