SealEco
ActiveSealEco has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €8.88M and a net result of €100k. Equity is growing by ~50.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 5989 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
76
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability32▲+13
Solvency100=
Growth77▲+14
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €650k at 30 days acceptable
Liquidity ample (current ratio 21.54 against 9.2 in 2023; short-term debt: 4% and cash: 26% of total assets), and 5.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
94.2%
Return on assets
1.1%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 03-06-2025, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
58 d early
2023
56 d early
2022
61 d early
2021
33 d early
2020
58 d early
2019
53 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€12.85M▲ 3.1%
2023 · €12.46M
2018: €6.19M
2019: €6.82M
2020: €7.16M
2021: €19.39M
2022: €17.95M
2023: €12.46M
2018 → 2024
EBIT margin
0.1%▲ 1.2pp
2023 · -1.1%
2018: 2.0%
2019: 4.8%
2020: 2.6%
2021: 10.4%
2022: 9.8%
2023: -1.1%
2018 → 2024
Net result
€100k
2023 · €-115k
2018: €69k
2019: €368k
2020: €76k
2021: €1.36M
2022: €1.18M
2023: €-115k
2018 → 2024
Working capital
€7.76M▲ 0.2%
2023 · €7.75M
2018: €858k
2019: €1.16M
2020: €1.28M
2021: €7.09M
2022: €8.12M
2023: €7.75M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€7.16M-€19.39M▲ 171%€17.95M▼ 7.4%€12.46M▼ 30.6%€12.85M▲ 3.1%
Equity€1.24M-€7.72M▲ 523%€8.89M▲ 15.2%€8.78M▼ 1.3%€8.88M▲ 1.1%
Operating result€184k-€2.02M▲ 997%€1.76M▼ 13.2%€-143k€7k
Net result€76k-€1.36M▲ 1,695%€1.18M▼ 13.4%€-115k€100k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €7k after a loss of €143k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €9.42M
Fixed assets
€1.28M▲ 5.3%
Current assets
€8.14M▼ 6.4%
Equity and liabilities €9.42M
Equity
€8.88M▲ 1.1%
Debt
€547k▼ 51.8%
The debt ratio falls from 11.5% to 5.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€194k▲
2023 · €10k
Cash flow
€287k▲
2023 · €38k
Solvency
94.2%▲
2023 · 88.5%
Current ratio
21.54▲
2023 · 9.20
Quick ratio
13.91▲
2023 · 4.40
Debt / equity
0.06▼
2023 · 0.13
ROE
1.1%▲
2023 · -1.3%
ROA
1.1%▲
2023 · -1.2%
Interest coverage
1.79▲
2023 · 0.09
Debt
€547k▼
2023 · €1.14M
Debt ≤ 1 year
€378k▼
2023 · €945k
Income taxes
€48k▲
2023 · €3k
Staff costs
€1.85M▼
2023 · €1.94M
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€9.91M€9.42M▼
Fixed assets21/28€1.22M€1.28M▲
Tangible fixed assets22/27€651k€632k▼
Land and buildings22€28k€11k▼
Plant, machinery and equipment23€262k€306k▲
Furniture and vehicles24€361k€315k▼
Financial fixed assets28€565k€648k▲
Affiliated companies280/1€565k€565k=
Participating interests280€565k€565k=
Other financial fixed assets284/8-€83k
Amounts receivable and cash guarantees285/8-€83k
Current assets29/58€8.70M€8.14M▼
Stocks and contracts in progress3€4.53M€2.88M▼
Stocks30/36€4.53M€2.88M▼
Raw materials and consumables30/31€42k€30k▼
Goods purchased for resale34€4.49M€2.85M▼
Amounts receivable within one year40/41€2.07M€2.75M▲
Trade receivables40€478k€440k▼
Other amounts receivable41€1.59M€2.31M▲
Cash at bank and in hand54/58€2.02M€2.45M▲
Deferred charges and accrued income490/1€67k€55k▼
Equity and liabilities
Total equity and liabilities10/49€9.91M€9.42M▼
Equity10/15€8.78M€8.88M▲
Contributions10/11€270k€270k=
Capital10€270k€270k=
Issued capital100€270k€270k=
Reserves13€4.30M€4.30M=
Non-distributable reserves130/1€27k€27k=
Legal reserve130€27k€27k=
Distributable reserves133€4.28M€4.28M=
Profit (loss) carried forward14€4.20M€4.30M▲
Amounts payable17/49€1.14M€547k▼
Amounts payable within one year42/48€945k€378k▼
Current portion of amounts payable after more than one year42€3k-
Trade debts44€584k€181k▼
Suppliers440/4€584k€181k▼
Advances received on contracts in progress46-€3k
Taxes, remuneration and social security45€358k€194k▼
Taxes450/3€158k€29k▼
Remuneration and social security454/9€200k€165k▼
Other amounts payable47/48€71€69▼
Accrued charges and deferred income492/3€190k€169k▼
Income statement
Code20232024
Operating income70/76A€12.64M€12.97M▲
Turnover70€12.46M€12.85M▲
Other operating income74€178k€114k▼
Operating charges60/66A€12.78M€12.96M▲
Goods for resale, raw materials and consumables60€8.15M€8.20M▲
Purchases600/8€6.65M€6.56M▼
Change in stocks: decrease (increase)609€1.50M€1.64M▲
Services and other goods61€2.48M€2.67M▲
Remuneration, social security and pensions62€1.94M€1.85M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€153k€187k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€9k€846▼
Other operating charges640/8€46k€50k▲
Operating profit (loss)9901€-143k€7k▲
Financial income75/76B€146k€249k▲
Recurring financial income75€146k€249k▲
Income from current assets751-€218k
Other financial income752/9€146k€30k▼
Financial charges65/66B€116k€108k▼
Recurring financial charges65€116k€108k▼
Other financial charges652/9€116k€108k▼
Profit (loss) for the period before taxes9903€-113k€147k▲
Income taxes67/77€3k€48k▲
Taxes670/3€3k€48k▲
Profit (loss) for the period9904€-115k€100k▲
Profit (loss) for the period to be appropriated9905€-115k€100k▲
Appropriation of the result
Profit (loss) to be appropriated9906€4.20M€4.30M▲
Profit (loss) brought forward from the previous period14P€4.32M€4.20M▼
Social balance
Average headcount (FTE)908730.225.7▼
The notes to these accounts (51 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
03-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €100k
Net result €100k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 21.54
Current ratio from 9.20 to 21.54; short-term debt falls from €945k to €378k.
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €-115k ▼110%
Net result drops to €-115k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 9.20
Current ratio from 4.09 to 9.20; short-term debt falls from €2.63M to €945k.
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €1.36M ▲1695%
Operating result €2.02M, net result €1.36M, both a record.
31-12
Financial
Equity above €5MEq €7.72M ▲523%
4 profitable years in a row build equity to €7.72M.
03-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
08-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Equity above €1MEq €1.16M ▲46.3%
2 profitable years in a row build equity to €1.16M.
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
13-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
09-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
15-07-2025
Jan Wulleman: Resigned as Director
15-07-2025
Jan Wulleman: Resigned as Managing director
11-03-2020
Olin Lars Jonas: Resigned as Director
11-03-2020
Thomas Zipfel: Resigned as Managing director
30-05-2013
Åhman Carl Fredrik: Resigned as Managing director
22-12-2011
Van Hoof Greetje Mathilda Corneel: Resigned as Director
22-12-2011
Wulleman Jan Magda Alois Kamiel Ghislain: Resigned as Director
Location & real-estate footprint
Registered office, Brecht · 2 establishment units since 1991
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.
Bethovenstraat 622960 BrechtGround area
6.0 ha
Building footprint
2.4 ha
Volume, LiDAR
7,614 m³
2 parcels, Flanders · tallest building 6.0 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
SealEco Belgium
since 19912.053.636.686
Bell-Telephonelaan 2, 2440 Geel
since 20242.366.889.971
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13375M0234/00L002 | Flanders | 5.8 ha | 1 · 2.3 ha | - |
| 11333C0782/00P000 | Flanders | 2,035 m² | 1 · 1,691 m² | 6.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
1 auditor| Mathy Doumen Statutory auditor | - → 05-11-2012 |
Public money · subsidies and aid
Flemish government
2022 to 2023 · 3 entries · 10,612 EUR awarded · 10,612 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 2 | 5,477 EUR | 5,477 EUR |
| 2022 | 1 | 5,135 EUR | 5,135 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Vlaams opleidingsverlof (VOV)
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Of 395 companies in sector 46839 we hold annual accounts for 251. 74 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded03-07-1991
Fiscal year end31-12
Activities, NACEBEL
46839Wholesale trade
51532
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.