SEAUTON
ActiveSummary
The computed 12-month bankruptcy probability of SEAUTON is 1.5% (moderate). The 2025 annual accounts show negative equity (€-105k) and a net result of €-185k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 7% of 254 sector peers (fiscal year 2025). The company has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
33
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability12▲+1
Solvency22▼-5
Growth22=
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.84 against 1.03 in 2024; short-term debt: 101.5% and cash: 15.7% of total assets), and equity is negative.
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 79
Relative position
BE, all sectors
reference
Sector 79
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-3%
Return on assets
-5.4%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-105k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 d early
2024
14 d early
2023
23 d early
2022
6 d early
2021
281 d late
2020
136 d late
2019
12 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€3.91M▼ 51.2%
2023 · €8.00M
2023: €8.00M
2023 → 2024
EBIT margin
-4.9%▼ 9.0pp
2023 · 4.1%
2023: 4.1%
2023 → 2024
Net result
€-185k▲ 11.2%
2024 · €-209k
2018: €24k
2019: €28k
2020: €-576k
2021: €-716k
2022: €241k
2023: €261k
2024: €-209k
2018 → 2025
Working capital
€-575k
2024 · €177k
2018: €-140k
2019: €53k
2020: €96k
2021: €-461k
2022: €-130k
2023: €-553k
2024: €177k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€8.00M€3.91M▼ 51.2%
Equity€-213k-€28k€289k▲ 944%€80k▼ 72.2%€-105k
Operating result€-670k-€379k€326k▼ 14.1%€-192k€-192k▲ 0.2%
Net result€-716k-€241k€261k▲ 8.3%€-209k€-185k▲ 11.2%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €192k in 2025 against €192k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.44M
Fixed assets
€523k ▲ 2,596%
Current assets
€2.92M ▼ 44.7%
Key figures and ratios
EBITDA
€-186k▼
2024 · €-141k
Cash flow
€-179k▼
2024 · €-157k
Solvency
-3.0%▼
2024 · 1.5%
Current ratio
0.84▼
2024 · 1.03
Quick ratio
0.80▼
2024 · 1.03
Debt to equity
-33.85▼
2024 · 64.68
ROA
-5.4%▼
2024 · -3.9%
Interest coverage
-7.33▼
2024 · -1.46
Debt
€3.55M▼
2024 · €5.20M
Debt ≤ 1 year
€3.50M▼
2024 · €5.10M
Debt > 1 year
€53k=
2024 · €53k
Income taxes
€1k▲
2024 · €0
Staff costs
€136k▼
2024 · €578k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 60 lines
Balance sheet
Code20242025
Assets
Total assets20/58€5.30M€3.44M▼
Fixed assets21/28€19k€523k▲
Intangible fixed assets21€16k€11k▼
Tangible fixed assets22/27€4k€2k▼
Furniture and vehicles24€4k€2k▼
Financial fixed assets28-€510k
Current assets29/58€5.28M€2.92M▼
Stocks and contracts in progress3-€128k
Contracts in progress37-€128k
Amounts receivable within one year40/41€4.76M€2.22M▼
Trade receivables40€4.10M€2.07M▼
Other amounts receivable41€665k€156k▼
Current investments50/53€11k€11k=
Cash at bank and in hand54/58€370k€541k▲
Deferred charges and accrued income490/1€138k€19k▼
Equity and liabilities
Total equity and liabilities10/49€5.30M€3.44M▼
Equity10/15€80k€-105k▼
Contributions10/11€580k€580k=
Reserves13€498k€498k=
Non-distributable reserves130/1€13k€13k=
Reserves not available under the articles1311€13k€13k=
Distributable reserves133€485k€485k=
Profit (loss) carried forward14€-998k€-1.18M▼
Provisions and deferred taxes16€23k-
Provisions for liabilities and charges160/5€23k-
Other liabilities and charges164/5€23k-
Amounts payable17/49€5.20M€3.55M▼
Amounts payable after more than one year17€53k€53k=
Other amounts payable178/9€53k€53k=
Amounts payable within one year42/48€5.10M€3.50M▼
Current portion of amounts payable after more than one year42€31k€31k▼
Trade debts44€3.70M€2.70M▼
Suppliers440/4€3.70M€2.70M▼
Advances received on contracts in progress46€584k€500k▼
Taxes, remuneration and social security45€141k€16k▼
Taxes450/3€108k€205▼
Remuneration and social security454/9€33k€16k▼
Other amounts payable47/48€650k€251k▼
Accrued charges and deferred income492/3€40k-
Income statement
Code20242025
Turnover70€3.91M-
Non-recurring operating income76A€4k-
Goods, raw materials, services and sundry goods60/61€3.47M-
Remuneration, social security and pensions62€578k€136k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€51k€6k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-215-
Provisions for liabilities and charges: additions (uses and reversals)635/8-€-23k
Other operating charges640/8€134k€68k▼
Gross operating margin9900€571k€-4k▼
Operating profit (loss)9901€-192k€-192k▲
Financial income75/76B€80k€33k▼
Recurring financial income75€80k€33k▼
Financial charges65/66B€96k€25k▼
Recurring financial charges65€96k€25k▼
Profit (loss) for the period before taxes9903€-209k€-184k▲
Income taxes67/77€0€1k▲
Profit (loss) for the period9904€-209k€-185k▲
Profit (loss) for the period to be appropriated9905€-209k€-185k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-998k€-1.18M▼
Profit (loss) brought forward from the previous period14P€-790k€-998k▼
Social balance
Average headcount (FTE)90877.82.6▼
The notes to these accounts (20 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
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €261k ▲8.3%
Net result €261k, the highest in the series.
31-12
Financial
Equity above €200kEq €289k ▲944%
2 profitable years in a row build equity to €289k.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
08-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 281 days late
2022
31-12
Financial
Back to profitnet €241k
Net result €241k after 2 loss-making years.
2021
31-12
Financial
Weakest financial yearnet €-716k
Net result drops to €-716k, the lowest in the series; recovery starts the following year.
14-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 136 days late
2020
12-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 12 days late
2019
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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, Liège · 2 establishment units since 2021
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.
Rue Léon-Frédéricq 144020 LiègeGround area
2,144 m²
Building footprint
1,195 m²
Volume, LiDAR
19,145 m³
2 parcels, Brussels, Wallonia · tallest building 31.8 m, ±6 floors. Linked by address, not a title deed.
2 establishment units
SEAUTON BRUXELLES
since 20212.329.173.304
Rue Léon-Frédéricq 14, 4020 Liège
since 20212.348.719.792
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62817C0019/00X005 | Wallonia | 1,335 m² | 1 · 388 m² | 14.2 m · 3 fl. |
| 21805E0131/00N000 | Brussels | 809 m² | 1 · 807 m² | 31.8 m · 6 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.
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ATELIER AFRICA SAFARIS
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Of 1,437 companies in sector 79110 we hold annual accounts for 880. 744 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded17-12-1998
Fiscal year end31-12
Activities, NACEBEL 2025
79110Travel agency activities
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.