SEALINER
ActiveSEALINER has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €235k and a net result of €298k. Equity is shrinking by ~11.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 21% of 932 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
65
/ 100
Healthy▲ +27 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+100
Solvency40▼-18
Growth62=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 2.09 against 1.62 in 2023), but 90.2% 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 52
Relative position
BE, all sectors
reference
Sector 52
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 932 sector peers (2024).
NBB · sector comparisonPosition among 932 sector peers
Solvency
better than 21%
← weakest
strongest →
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 16-06-2025, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
45 d early
2023
42 d early
2022
3 d early
2021
31 d early
2020
37 d early
2019
39 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Turnover
€2.04M▲ 19.9%
2020 · €1.70M
2018: €1.48M
2019: €1.60M
2020: €1.70M
2018 → 2021
EBIT margin
-67.6%▼ 71.6pp
2020 · 4.0%
2018: 3.3%
2019: 3.1%
2020: 4.0%
2018 → 2021
Net result
€298k▼ 9.6%
2023 · €330k
2018: €30k
2019: €25k
2020: €22k
2021: €-1.39M
2022: €461k
2023: €330k
2018 → 2024
Working capital
€1.24M▲ 26.8%
2023 · €981k
2018: €483k
2019: €506k
2020: €529k
2021: €145k
2022: €619k
2023: €981k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€1.70M-€2.04M▲ 19.9%
Equity€531k-€-855k€-394k▲ 54.0%€-63k▲ 83.9%€235k
Operating result€68k-€-1.38M€465k€366k▼ 21.2%€329k▼ 10.3%
Net result€22k-€-1.39M€461k€330k▼ 28.4%€298k▼ 9.6%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 10% below 2023.
Balance-sheet composition
Equity and liabilities €2.39M
Equity
€235k
Provisions
€9k
Debt
€2.15M
Debt finances 89.8% of the balance-sheet total.
Key figures and ratios
Solvency
9.8%▲
2023 · -2.5%
Current ratio
2.09▲
2023 · 1.62
Quick ratio
2.09▲
2023 · 1.62
Debt / equity
9.13▲
2023 · -41.36
ROE
127.0%▲
2023 · -520.0%
ROA
12.5%▼
2023 · 12.8%
Debt
€2.15M▼
2023 · €2.62M
Debt ≤ 1 year
€1.15M▼
2023 · €1.59M
Debt > 1 year
€1.00M=
2023 · €1.00M
Income taxes
€706▲
2023 · €353
Staff costs
€1.97M▲
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€2.57M€2.39M▼
Fixed assets21/28€0€0=
Intangible fixed assets21€0€0=
Current assets29/58€2.57M€2.39M▼
Amounts receivable within one year40/41€1.40M€963k▼
Trade receivables40€1.36M€880k▼
Other amounts receivable41€39k€83k▲
Cash at bank and in hand54/58€1.16M€1.43M▲
Deferred charges and accrued income490/1€13k-
Equity and liabilities
Total equity and liabilities10/49€2.57M€2.39M▼
Equity10/15€-63k€235k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€112k€112k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€106k€106k=
Profit (loss) carried forward14€-238k€61k▲
Provisions and deferred taxes16€8k€9k▲
Provisions for liabilities and charges160/5€8k€9k▲
Pensions and similar obligations160€3k€4k▲
Other liabilities and charges164/5€5k€5k=
Amounts payable17/49€2.62M€2.15M▼
Amounts payable after more than one year17€1.00M€1.00M=
Financial debts170/4€1.00M€1.00M=
Amounts payable within one year42/48€1.59M€1.15M▼
Trade debts44€1.12M€694k▼
Suppliers440/4€1.12M€694k▼
Taxes, remuneration and social security45€466k€452k▼
Taxes450/3€149k€170k▲
Remuneration and social security454/9€317k€282k▼
Accrued charges and deferred income492/3€37k-
Income statement
Code20232024
Remuneration, social security and pensions62€1.94M€1.97M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€759-
Provisions for liabilities and charges: additions (uses and reversals)635/8€15€1k▲
Other operating charges640/8€17k€9k▼
Gross operating margin9900€2.33M€2.31M▼
Operating profit (loss)9901€366k€329k▼
Financial income75/76B€4k€3k▼
Recurring financial income75€4k€3k▼
Financial charges65/66B€40k€33k▼
Recurring financial charges65€40k€33k▼
Profit (loss) for the period before taxes9903€330k€299k▼
Income taxes67/77€353€706▲
Profit (loss) for the period9904€330k€298k▼
Profit (loss) for the period to be appropriated9905€330k€298k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-238k€61k▲
Profit (loss) brought forward from the previous period14P€-568k€-238k▲
Social balance
Average headcount (FTE)908719.418.2▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €200kEq €235k
3 profitable years in a row build equity to €235k.
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €461k
Net result €461k after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €-1.39M ▼6418%
Net result drops to €-1.39M, the lowest in the series; recovery starts the following year.
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
08-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 39 days late
2019
31-12
Financial
Equity above €500kEq €509k ▲5.2%
2 profitable years in a row build equity to €509k.
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
03-06
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
25 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, Antwerpen · 1 establishment unit since 1998
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.
Noorderlaan 127A2030 AntwerpenGround area
1.8 ha
Building footprint
214 m²
Volume, LiDAR
1,374 m³
Parcel 11807G1689/00N000, Flanders · tallest building 17.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SEALINER
since 19982.089.512.731
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11807G1689/00N000 | Flanders | 1.8 ha | 1 · 214 m² | 17.9 m · 2 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
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DISCOUNT PORPHYRE
BE 0479.277.790
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CANA TRANS
BE 0699.811.745
Charleroi · Eq €236k
BOCA GROUPAGES & SERVICES
BE 0678.610.812
Mons · Eq €232k
CJ ICM Logistics Belgium
BE 1009.105.351
Antwerpen · Eq €239k
Of 3,174 companies in sector 52250 we hold annual accounts for 1,945. 1,460 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded02-12-1998
Fiscal year end31-12
Activities, NACEBEL
52250Logistics services
52290Warehousing and support activities for transportation
63403
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.sealiner.eu
E-mail:info@sealiner.eu