SEEDLAB
ActiveSummary
The annual accounts of SEEDLAB for fiscal year 2025 show a net loss of 128% of total assets and of 58% of the equity at the start of that year. The 2025 annual accounts show equity of €40,544 and a net result of -€56,060. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 91% of 17213 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
59
/ 100
Fair
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-88
Solvency100=
Growth52=
Track record94
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 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 ample (current ratio 13.49 against 9.28 in 2024; short-term debt: 7.3% and cash: 89.2% of total assets), and 7.3% of the assets are financed with debt.
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Signals
Five 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← 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
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
92.7%
Return on assets
-128.2%
Age of the figures
9 mo
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 04-06-2026, 57 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
57 d early
2024
45 d early
2023
39 d early
2022
58 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 50 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% 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 10 June (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€40,544▼ 58.0%
2024 · €96,604
Total assets
€43,737▼ 59.4%
2024 · €107,662
Net result
-€56,060
2024 · €16,389
Working capital
€39,682▼ 56.5%
2024 · €91,273
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€23,019-€82,962▲ 260%€22,385▼ 73.0%-€55,699
Net result€17,437within the sector's middle half-€60,777above the sector's middle half▲ 249%€16,389within the sector's middle half▼ 73.0%-€56,060below the sector's middle half
Equity€19,437below the sector's middle half-€80,214within the sector's middle half▲ 313%€96,604within the sector's middle half▲ 20.4%€40,544within the sector's middle half▼ 58.0%
Total assets€44,837below the sector's middle half-€112,326within the sector's middle half▲ 151%€107,662within the sector's middle half▼ 4.2%€43,737below the sector's middle half▼ 59.4%
Debt€25,400-€32,112▲ 26.4%€11,058▼ 65.6%€3,193▼ 71.1%
Working capital€4,526below the sector's middle half-€15,923within the sector's middle half▲ 252%€91,273within the sector's middle half▲ 473%€39,682within the sector's middle half▼ 56.5%
Solvency43.4%within the sector's middle half-71.4%within the sector's middle half▲ 28.1pp89.7%above the sector's middle half▲ 18.3pp92.7%above the sector's middle half▲ 3.0pp
Current ratio1.18below the sector's middle half-1.50within the sector's middle half▲ 0.329.28above the sector's middle half▲ 7.7813.49above the sector's middle half▲ 4.22
Return on assets (ROA)38.9%above the sector's middle half-54.1%above the sector's middle half▲ 15.2pp15.2%within the sector's middle half▼ 38.9pp-128.2%below the sector's middle half▼ 143.4pp
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €55,699 after €22,385 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €43,737
Fixed assets
€879 ▼ 83.6%
Current assets
€42,858 ▼ 58.1%
Equity and liabilities €43,737
Equity
€40,544 ▼ 58.0%
Debt
€3,193 ▼ 71.1%
Debt's share of the balance-sheet total falls from 10.3% to 7.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€51,218▼
2024 · €28,985
Cash flow
-€51,579▼
2024 · €22,990
Debt to equity
0.08▼
2024 · 0.11
ROE
-138.3%▼
2024 · 17.0%
Interest coverage
-357.09▼
2024 · 158.64
Debt ≤ 1 year
€3,176▼
2024 · €11,029
Income taxes
€218▼
2024 · €5,813
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,227 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 87% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.9%
went bankrupt
8.6%
stopped otherwise
87%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,227 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €1,651 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,121 | €5,722 | €6,600 | €4,481 | ▼ 32.1% |
| Other operating charges640/8 | €348 | €400 | €387 | €400 | ▲ 3.2% |
| Gross operating margin9900 | €25,487 | €89,084 | €29,373 | -€50,818 | ▼ 273% |
| Operating profit (loss)9901 | €23,019 | €82,962 | €22,385 | -€55,699 | ▼ 349% |
| Financial income75/76B | €14 | - | - | - | - |
| Recurring financial income75 | €14 | - | - | - | - |
| Financial charges65/66B | €137 | €119 | €183 | €143 | ▼ 21.5% |
| Recurring financial charges65 | €137 | €119 | €183 | €143 | ▼ 21.5% |
| Profit (loss) for the period before taxes9903 | €22,896 | €82,843 | €22,202 | -€55,842 | ▼ 352% |
| Income taxes67/77 | €5,459 | €22,066 | €5,813 | €218 | ▼ 96.3% |
| Profit (loss) for the period9904 | €17,437 | €60,777 | €16,389 | -€56,060 | ▼ 442% |
| Profit (loss) for the period to be appropriated9905 | €17,437 | €60,777 | €16,389 | -€56,060 | ▼ 442% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €44,837 | €112,326 | €107,662 | €43,737 | ▼ 59.4% |
| Fixed assets21/28 | €14,956 | €64,327 | €5,360 | €879 | ▼ 83.6% |
| Tangible fixed assets22/27 | €14,956 | €11,960 | €5,360 | €879 | ▼ 83.6% |
| Furniture and vehicles24 | €14,956 | €11,960 | €5,360 | €879 | ▼ 83.6% |
| Financial fixed assets28 | - | €52,367 | - | - | - |
| Current assets29/58 | €29,881 | €47,999 | €102,302 | €42,858 | ▼ 58.1% |
| Amounts receivable within one year40/41 | €26,106 | €13,535 | €10,042 | €2,921 | ▼ 70.9% |
| Trade receivables40 | €25,866 | €11,680 | €7,855 | - | - |
| Other amounts receivable41 | €239 | €1,855 | €2,187 | €2,921 | ▲ 33.6% |
| Cash at bank and in hand54/58 | €3,090 | €33,600 | €91,365 | €38,996 | ▼ 57.3% |
| Deferred charges and accrued income490/1 | €685 | €864 | €895 | €941 | ▲ 5.1% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €44,837 | €112,326 | €107,662 | €43,737 | ▼ 59.4% |
| Equity10/15 | €19,437 | €80,214 | €96,604 | €40,544 | ▼ 58.0% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €17,437 | €78,214 | €94,604 | €38,544 | ▼ 59.3% |
| Amounts payable17/49 | €25,400 | €32,112 | €11,058 | €3,193 | ▼ 71.1% |
| Amounts payable within one year42/48 | €25,355 | €32,076 | €11,029 | €3,176 | ▼ 71.2% |
| Trade debts44 | €13,521 | €900 | €1,142 | €16 | ▼ 98.6% |
| Suppliers440/4 | €13,521 | €900 | €1,142 | €16 | ▼ 98.6% |
| Taxes, remuneration and social security45 | €10,237 | €22,215 | €6,850 | €3,137 | ▼ 54.2% |
| Taxes450/3 | €5,459 | €22,215 | €3,944 | €218 | ▼ 94.5% |
| Remuneration and social security454/9 | €4,778 | - | €2,906 | €2,919 | ▲ 0.5% |
| Other amounts payable47/48 | €1,597 | €8,962 | €3,037 | €23 | ▼ 99.3% |
| Accrued charges and deferred income492/3 | €45 | €36 | €29 | €17 | ▼ 40.6% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,437 | €60,777 | €16,389 | -€56,060 | ▼ 442% |
| + Depreciation and write-downs630 | €2,121 | €5,722 | €6,600 | €4,481 | ▼ 32.1% |
| Operating cash flow (approximation) | €19,558 | €66,499 | €22,990 | -€51,579 | ▼ 324% |
| Investment in fixed assets (approximation) | - | -€55,093 | €52,367 | €0 | ▼ 100% |
| Change in cash | - | €30,510 | €57,764 | -€52,369 | ▼ 191% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€56,060
Net result drops to -€56,060, the lowest in the series.
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity times 6current ratio 9.28
Current ratio from 1.50 to 9.28; short-term debt falls from €32,076 to €11,029.
22-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2022net €60,777 ▲249%
Operating result €82,962, net result €60,777, both a record.
03-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Watermaal-Bosvoorde · 1 establishment unit since 2022
Ground area
4,995 m²
Building footprint
2,232 m²
Volume, LiDAR
46,136 m³
2 parcels, Brussels · tallest building 36.1 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
SEEDLAB
since 20222.330.063.625
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21652E0035/00R005 | Brussels | 4,415 m² | 1 · 2,124 m² | 36.1 m · 7 fl. |
| 21017D0349/00F003 | Brussels | 580 m² | 1 · 108 m² | 12.1 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
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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Of 16,911 companies in sector 62100 we hold annual accounts for 8,786. 6,663 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded29-03-2022
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
58290Other software publishing
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
Contact
E-mail
info@seedlab.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0783923316
Registered
26-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.