Financials
- Fiscal year
- 2025
- Turnover
- €5.7m
- Loss
- -€12.4m
- Solvency
- 23.3%
Turnover▲ 33.3%
Net result
20182025
SEALEASE
ActiveSummary
The computed 12-month bankruptcy probability of SEALEASE is 1.7% (moderate). The annual accounts of SEALEASE for fiscal year 2025 show a net loss of 123% of the equity at the start of that year. The 2025 annual accounts show equity of €9.7m and a net result of -€12.4m. Equity is growing by ~68.8% per year across the filed fiscal years. Its solvency ranks better than 30% of 476 sector peers (fiscal year 2025). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
Activity
Rental and leasing activities
NACE 77340Financial service activities, except insurance and pension funding NACE 64910NACE 71220
#3 company by total assets in Watermaal-Bosvoorde, Administrative and support services sector1 site
Size
€5.7mturnover 2025
- Staff
- 1.7 FTE
- Equity
- €9.7m
- Loss
- -€12.4m
Structure
- Parent
- Blue Mountain Asset Management BV S. Etr. · 100%
- Holdings
- 3
Accounts filed 53 d late0 of 28 deeds read
Why 54- Loss of €12.4m, the second in a row (FY 2025)- Liquidity: current ratio 1.18, cash €325,475- Latest accounts 53 days late; 1 of the last 3 late+ Size: turnover €5.7m, 1.7 FTE, total assets €41.6mShow the evidence
Checked score
Score 2025
54
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 33% of its sector peers (NACE 77, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
48-6
equity 23.3% of total assets
Liquidity
30=
short-term debt 43.1% · cash 0.8%
Profitability
0-57
return on assets -29.8%
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 10 months
01-2026: 0.3%
02-2026: 0.3%▼ -4.1% vs 01-2026lowest value
03-2026: 0.3%▲ +2.1% vs 02-2026
04-2026: 0.3%▲ +6.6% vs 03-2026
05-2026: 0.3%▲ +3.3% vs 04-2026
06-2026: 0.3%▲ +7.3% vs 05-2026
07-2026: 0.4%▲ +8.3% vs 06-2026
08-2026: 0.8%▲ +122% vs 07-2026
09-2026: 1.1%▲ +31.7% vs 08-2026
10-2026: 1.7%▲ +60.1% vs 09-2026highest value
- Loss of €12.4m, the second in a row (FY 2025) raises the probability
- Liquidity: current ratio 1.18, cash €325,475 raises the probability
- Latest accounts 53 days late; 1 of the last 3 late raises the probability
- Size: turnover €5.7m, 1.7 FTE, total assets €41.6m lowers the probability for this profile
Credit up to €500,000 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 tight (current ratio 1.18 against 1.2 in 2024; short-term debt: 43.1% and cash: 0.8% of total assets), and 76.7% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 77, micro). Better than this share of them on solvency 40%, liquidity 27%, profitability 6%, growth against the median 58%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€12.4m
neutral · A punctual record breaks
This company filed 8 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-09-2026, 53 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
53 d late
2024
1 d early
2023
7 d early
2022
on the day
2021
24 d early
2020
17 d early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 1 day after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
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. Usually files around 30 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · full…
- Weakest financial yearnet -€12.4m
- Annual accounts filedfiscal year 2024 · full…
Key points
- Risk: 5 loss-making years in a rowloss fiscal year 2025 -€12.4m View
- Caution: Result fell in 2025from -€807,813 to -€12.4m ▼ 1,438% View
- Caution: Among the weakest 5% on net resultsector median €47,217 · 475 companies -€12.4m View
- Controlled by Blue Mountain Asset Management…known shareholders 100% 100% View
By topic
Board & ownership
- Parent
- Blue Mountain Asset Management… · 100%
- Known shareholders
- 100%
Network & group
- Subsidiaries
- 3
3 subsidiaries
Timeline
- Events
- 16
- Since
- 2017
- Next accounts
- by 31-07-2027
- 22-09-2026Annual accounts filed
- 31-12-2025Weakest financial year
- 30-07-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Rental and leasing activitiesNACE 77340
- Founded
- 25-07-2006
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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