SEALTEC Waterproofing
ActiveSEALTEC Waterproofing has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €347k and a net result of €30k. Equity is growing by ~14.1% per year across the filed fiscal years. Its solvency ranks better than 41% of 1991 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
58
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability44▲+11
Solvency63▼-1
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity tight (current ratio 1.5 against 2.3 in 2024; short-term debt: 58.3% and cash: 9% of total assets), and 61.6% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 2025Solvency, return and age of the figures
Solvency
38.4%
Return on assets
3.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
10 d late
2024
24 d early
2023
29 d late
2022
60 d late
2021
31 d late
2020
27 d late
2019
31 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€347k▲ 9.5%
2024 · €317k
2018: €25k
2019: €73k
2020: €229k
2021: €531k
2022: €528k
2023: €463k
2024: €317k
2018 → 2025
Total assets
€903k▲ 10.1%
2024 · €820k
2018: €61k
2019: €186k
2020: €632k
2021: €777k
2022: €872k
2023: €894k
2024: €820k
2018 → 2025
Net result
€30k
2024 · €-12k
2018: €19k
2019: €48k
2020: €156k
2021: €301k
2022: €-2k
2023: €-78k
2024: €-12k
2018 → 2025
Working capital
€261k▼ 35.8%
2024 · €407k
2018: €25k
2019: €87k
2020: €180k
2021: €481k
2022: €589k
2023: €562k
2024: €407k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€531k-€528k▼ 0.4%€463k▼ 12.3%€317k▼ 31.7%€347k▲ 9.5%
Operating result€402k-€20k▼ 95.0%€-57k€14k€97k▲ 569%
Net result€301k-€-2k€-78k▼ 3,589%€-12k▲ 85.0%€30k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 569% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €903k
Fixed assets
€116k▲ 16.5%
Current assets
€787k▲ 9.3%
Equity and liabilities €903k
Equity
€347k▲ 9.5%
Debt
€556k▲ 10.5%
The debt ratio rises from 61.4% to 61.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€148k▲
2024 · €56k
Cash flow
€82k▲
2024 · €30k
Solvency
38.4%▼
2024 · 38.6%
Current ratio
1.50▼
2024 · 2.30
Quick ratio
0.71▼
2024 · 1.40
Debt / equity
1.60▲
2024 · 1.59
ROE
8.7%▲
2024 · -3.7%
ROA
3.3%▲
2024 · -1.4%
Interest coverage
2.50▲
2024 · 1.95
Debt
€556k▲
2024 · €503k
Debt ≤ 1 year
€526k▲
2024 · €314k
Debt > 1 year
€30k▼
2024 · €188k
Income taxes
€8k▲
2024 · €844
Staff costs
€512k▼
2024 · €532k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€820k€903k▲
Fixed assets21/28€99k€116k▲
Intangible fixed assets21€814€12k▲
Tangible fixed assets22/27€93k€97k▲
Land and buildings22€11k€10k▼
Plant, machinery and equipment23€26k€31k▲
Furniture and vehicles24€49k€43k▼
Other tangible fixed assets26€6k€14k▲
Financial fixed assets28€6k€6k=
Current assets29/58€720k€787k▲
Stocks and contracts in progress3€283k€414k▲
Stocks30/36€283k€414k▲
Amounts receivable within one year40/41€302k€267k▼
Trade receivables40€232k€201k▼
Other amounts receivable41€69k€66k▼
Cash at bank and in hand54/58€112k€81k▼
Deferred charges and accrued income490/1€24k€25k▲
Equity and liabilities
Total equity and liabilities10/49€820k€903k▲
Equity10/15€317k€347k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€296k€326k▲
Amounts payable17/49€503k€556k▲
Amounts payable after more than one year17€188k€30k▼
Financial debts170/4€188k€30k▼
Amounts payable within one year42/48€314k€526k▲
Current portion of amounts payable after more than one year42€40k€116k▲
Financial debts43-€200k
Credit institutions430/8-€200k
Trade debts44€206k€163k▼
Suppliers440/4€206k€163k▼
Taxes, remuneration and social security45€67k€47k▼
Taxes450/3€65k€35k▼
Remuneration and social security454/9€2k€12k▲
Other amounts payable47/48€714€0▼
Accrued charges and deferred income492/3€980€219▼
Income statement
Code20242025
Non-recurring operating income76A€6k€1k▼
Remuneration, social security and pensions62€532k€512k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€42k€52k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€4k
Other operating charges640/8€968€13k▲
Non-recurring operating charges66A€725€2k▲
Gross operating margin9900€590k€679k▲
Operating profit (loss)9901€14k€97k▲
Financial income75/76B€3k€870▼
Recurring financial income75€3k€870▼
Financial charges65/66B€29k€59k▲
Recurring financial charges65€29k€59k▲
Profit (loss) for the period before taxes9903€-11k€38k▲
Income taxes67/77€844€8k▲
Profit (loss) for the period9904€-12k€30k▲
Profit (loss) for the period to be appropriated9905€-12k€30k▲
Appropriation of the result
Profit (loss) to be appropriated9906€431k€326k▼
Profit (loss) brought forward from the previous period14P€443k€296k▼
Profit to be distributed694/7€135k€0▼
Return on contributions (dividend)694€135k€0▼
Social balance
Average headcount (FTE)9087-7.1
The notes to these accounts (24 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 10 days late
2025
31-12
Financial
Back to profitnet €30k
Net result €30k after 3 loss-making years.
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet €-78k
Net result drops to €-78k, the lowest in the series; recovery starts the following year.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 60 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €301k ▲92.9%
Operating result €402k, net result €301k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 3.30
Current ratio from 1.47 to 3.30; short-term debt falls from €379k to €210k.
31-12
Financial
Equity above €500kEq €531k ▲132%
4 profitable years in a row build equity to €531k.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2020
31-12
Financial
Equity above €200kEq €229k ▲215%
3 profitable years in a row build equity to €229k.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Glabbeek · 2 establishment units since 2018
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.
Butschovestraat 303384 GlabbeekGround area
1.5 ha
Building footprint
5,926 m²
Volume, LiDAR
34,669 m³
2 parcels, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
SEALTEC Waterproofing
since 20182.281.688.735
Sealtec Waterproofing BVBA
since 20212.311.588.291
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24662F0084/00V000 | Flanders | 1.3 ha | 1 · 5,798 m² | 7.3 m · 2 fl. |
| 24004A0360/00M000 | Flanders | 1,378 m² | 1 · 128 m² | 9.2 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 12,732 EUR awarded · 12,328 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 5,367 EUR | 4,964 EUR |
| 2024 | 1 | 77 EUR | 2,112 EUR |
| 2023 | 1 | 3,641 EUR | 1,605 EUR |
| 2022 | 1 | 3,647 EUR | 3,647 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Subsidies voor internationaal ondernemen
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Of 11,553 companies in sector 71121 we hold annual accounts for 6,558. 4,768 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-10-2018
Fiscal year end31-12
Activities, NACEBEL
43421Specialised construction activities
71121Engineering and related technical consultancy, excluding land surveyors
43410Roofing work
46869Wholesale trade
46900Non-specialised wholesale trade
70200Business and other management consultancy
70220Business consulting
71113Urban planning and landscape architecture
85599Other education
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.