SEEDS
ActiveSummary
SEEDS has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.0m and a net result of €326,044. Equity is growing by ~10.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability27▼-1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €300,000 at 30 days acceptable
Liquidity ample (current ratio 21.16 against 18.66 in 2024; short-term debt: 3.2% and cash: 46.8% of total assets), and 16.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
83.2%
Return on assets
6.7%
Age of the figures
9 mo
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
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
169 d late
2023
72 d late
2022
59 d late
2021
16 d early
2020
4 d early
2019
115 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 55 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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 28 September (4 of the last 5 filed years within 75 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€4.0m▲ 8.8%
2024 · €3.7m
Total assets
€4.9m▲ 5.4%
2024 · €4.6m
Net result
€326,044▼ 7.4%
2024 · €351,957
Working capital
€3.1m▲ 7.3%
2024 · €2.9m
Trend over the years
In euros
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€61,683▲ 0.9%€56,125▼ 9.0%-€459,047-€90,753▲ 80.2%-€122,961▼ 35.5%
Net result-€3,284€355,255€466,526▲ 31.3%€351,957▼ 24.6%€326,044▼ 7.4%
Equity€2.5m▼ 0.1%€2.9m▲ 14.0%€3.4m▲ 16.1%€3.7m▲ 10.5%€4.0m▲ 8.8%
Total assets€5.2m▼ 1.0%€5.1m▼ 1.0%€4.3m▼ 15.2%€4.6m▲ 6.5%€4.9m▲ 5.4%
Debt€2.6m▼ 1.8%€2.2m▼ 15.5%€961,096▼ 56.3%€891,660▼ 7.2%€815,906▼ 8.5%
Working capital€171,356▼ 21.7%€98,062▼ 42.8%€2.9m▲ 2,853%€2.9m▲ 0.2%€3.1m▲ 7.3%
Staff (FTE)000
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €122,961 in 2025 against €90,753 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.9m
Fixed assets
€1.6m ▲ 3.2%
Current assets
€3.3m ▲ 6.6%
Equity and liabilities €4.9m
Equity
€4.0m ▲ 8.8%
Debt
€815,906 ▼ 8.5%
Debt's share of the balance-sheet total falls from 19.3% to 16.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
-€73,261▼
2024 · -€52,633
Cash flow
€375,743▼
2024 · €390,077
Current ratio
21.16▲
2024 · 18.66
Debt to equity
0.20▼
2024 · 0.24
ROE
8.1%▼
2024 · 9.5%
ROA
6.7%▼
2024 · 7.6%
Interest coverage
-4.22▼
2024 · -2.63
Debt ≤ 1 year
€154,311▼
2024 · €164,259
Debt > 1 year
€661,595▼
2024 · €727,401
Income taxes
€32,887▼
2024 · €35,649
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,811 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.3%
went bankrupt
3.2%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 17,811 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €11,522 | €38,120 | €49,700 | ▲ 30.4% |
| Other operating charges640/8 | €1,214 | €970 | €34,434 | €10,750 | €8 | ▼ 99.9% |
| Gross operating margin9900 | €62,897 | €57,095 | -€413,091 | -€41,883 | -€73,254 | ▼ 74.9% |
| Operating profit (loss)9901 | €61,683 | €56,125 | -€459,047 | -€90,753 | -€122,961 | ▼ 35.5% |
| Financial income75/76B | €0 | €392,047 | €1.0m | €498,358 | €499,268 | ▲ 0.2% |
| Recurring financial income75 | €0 | €392,047 | €303,907 | €36,099 | €71,684 | ▲ 98.6% |
| Non-recurring financial income76B | - | - | €717,954 | €462,259 | €427,584 | ▼ 7.5% |
| Financial charges65/66B | €64,968 | €57,392 | €49,427 | €19,998 | €17,377 | ▼ 13.1% |
| Recurring financial charges65 | €64,968 | €57,392 | €49,427 | €19,998 | €17,377 | ▼ 13.1% |
| Profit (loss) for the period before taxes9903 | -€3,284 | €390,780 | €513,386 | €387,607 | €358,930 | ▼ 7.4% |
| Income taxes67/77 | - | €35,525 | €46,860 | €35,649 | €32,887 | ▼ 7.7% |
| Profit (loss) for the period9904 | -€3,284 | €355,255 | €466,526 | €351,957 | €326,044 | ▼ 7.4% |
| Profit (loss) for the period to be appropriated9905 | -€3,284 | €355,255 | €466,526 | €351,957 | €326,044 | ▼ 7.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.2m | €5.1m | €4.3m | €4.6m | €4.9m | ▲ 5.4% |
| Fixed assets21/28 | €4.9m | €4.9m | €1.3m | €1.5m | €1.6m | ▲ 3.2% |
| Tangible fixed assets22/27 | €846,578 | €855,447 | €1.3m | €1.5m | €1.6m | ▲ 3.3% |
| Land and buildings22 | €846,578 | €855,447 | €855,447 | €1.0m | €1.0m | ▼ 0.3% |
| Furniture and vehicles24 | - | - | €46,423 | €146,845 | €214,136 | ▲ 45.8% |
| Other tangible fixed assets26 | - | - | €362,090 | €347,188 | €332,286 | ▼ 4.3% |
| Financial fixed assets28 | €4.0m | €4.0m | €0 | €34,675 | €34,675 | = |
| Current assets29/58 | €287,292 | €229,166 | €3.1m | €3.1m | €3.3m | ▲ 6.6% |
| Amounts receivable after more than one year29 | - | - | €100,000 | €80,000 | €80,000 | = |
| Other amounts receivable291 | - | - | €100,000 | €80,000 | €80,000 | = |
| Amounts receivable within one year40/41 | €94,000 | €186,596 | €711,609 | €1.1m | €753,161 | ▼ 29.0% |
| Trade receivables40 | €70,000 | €154,700 | €103,237 | €28,584 | €34,347 | ▲ 20.2% |
| Other amounts receivable41 | €24,000 | €31,896 | €608,372 | €1.0m | €718,814 | ▼ 30.4% |
| Current investments50/53 | - | - | - | €953,000 | €153,000 | ▼ 83.9% |
| Cash at bank and in hand54/58 | €193,292 | €42,571 | €2.3m | €964,232 | €2.3m | ▲ 136% |
| Deferred charges and accrued income490/1 | - | - | €1,701 | €6,644 | €3,077 | ▼ 53.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.2m | €5.1m | €4.3m | €4.6m | €4.9m | ▲ 5.4% |
| Equity10/15 | €2.5m | €2.9m | €3.4m | €3.7m | €4.0m | ▲ 8.8% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €2.5m | €2.9m | €3.4m | €3.7m | €4.0m | ▲ 8.8% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €0 | ▼ 100% |
| Distributable reserves133 | €2.5m | €2.9m | €3.4m | €3.7m | €4.0m | ▲ 8.8% |
| Amounts payable17/49 | €2.6m | €2.2m | €961,096 | €891,660 | €815,906 | ▼ 8.5% |
| Amounts payable after more than one year17 | €2.5m | €2.1m | €791,983 | €727,401 | €661,595 | ▼ 9.0% |
| Financial debts170/4 | €2.5m | €2.1m | €791,983 | €727,401 | €661,595 | ▼ 9.0% |
| Amounts payable within one year42/48 | €115,936 | €131,105 | €169,113 | €164,259 | €154,311 | ▼ 6.1% |
| Current portion of amounts payable after more than one year42 | €44,189 | €44,681 | €63,341 | €64,582 | €65,806 | ▲ 1.9% |
| Financial debts43 | - | - | - | €4,388 | €3,742 | ▼ 14.7% |
| Credit institutions430/8 | - | - | - | €4,388 | €3,742 | ▼ 14.7% |
| Trade debts44 | - | - | €16,062 | €11,967 | €12,281 | ▲ 2.6% |
| Suppliers440/4 | - | - | €16,062 | €11,967 | €12,281 | ▲ 2.6% |
| Taxes, remuneration and social security45 | €31,169 | €50,768 | €89,710 | €83,321 | €72,482 | ▼ 13.0% |
| Taxes450/3 | €31,169 | €50,768 | €89,710 | €83,321 | €70,413 | ▼ 15.5% |
| Remuneration and social security454/9 | - | - | - | - | €2,070 | - |
| Other amounts payable47/48 | €40,578 | €35,656 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,284 | €355,255 | €466,526 | €351,957 | €326,044 | ▼ 7.4% |
| + Depreciation and write-downs630 | - | - | €11,522 | €38,120 | €49,700 | ▲ 30.4% |
| Operating cash flow (approximation) | -€3,284 | €355,255 | €478,048 | €390,077 | €375,743 | ▼ 3.7% |
| Investment in fixed assets (approximation) | - | -€8,868 | €3.6m | -€320,745 | -€99,175 | ▲ 69.1% |
| Change in cash | - | -€150,721 | €2.2m | -€1.3m | €1.3m | ▲ 202% |
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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
02-04
State Gazette act
Board meeting · Director in office
Representation rule · Power of attorney
16-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 169 days late
2025
21-05
State Gazette act
Board meeting · Director appointment
Permanent representative · Power of attorney
21-05
State Gazette act
Board meeting · Director in office
Representation rule · Power of attorney
2024
03-12
State Gazette act
Board meeting · General meeting
Director reappointment · Permanent representative
11-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 72 days late
27-03
State Gazette act
Publication
27-03
State Gazette act
Board meeting · Director appointment
Permanent representative
2023
31-12
Financial
Highest result since 2018net €466,526 ▲31.3%
Net result €466,526, the highest in the series.
31-12
Financial
Liquidity times 10current ratio 18.12
Current ratio from 1.75 to 18.12.
20-10
State Gazette act
General meeting · Director resignation
Director discharge · Director appointment
Show earlier events
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 59 days late
2022
31-12
Financial
Back to profitnet €355,255
Net result €355,255 after one loss-making year.
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet -€3,284
Net result drops to -€3,284, the lowest in the series; recovery starts the following year.
21-12
State Gazette act
General meeting · Director reappointment
Mandate compensation · Power of attorney
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
23-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 115 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
14-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 45 days late
2015
28-12
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2011
Ground area
1,739 m²
Building footprint
537 m²
Volume, LiDAR
6,835 m³
Parcel 11810K1710/00T013, Flanders · tallest building 17.7 m, ±5 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
SEEDS
since 20112.203.298.085
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K1710/00T013 | Flanders | 1,739 m² | 1 · 537 m² | 17.7 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
Owners 0
The accounts to 31-12-2022 list no shareholders, and no other source names one.
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
Stated earlier (1)
An older source named these holdings; newer accounts no longer list them.
-
98%
According to the 2022 annual accounts of SEEDS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
The group is listed under Ownership & control below; here you explore it as a network.
This company
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Shareholding
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
Recognitions · licences · registrations
Legal Entity Identifier
984500A7947B8EE05F79
Company details
Identification
Legal formPrivate limited company
Founded05-09-2011
Fiscal year end31-12
Activities, NACEBEL 2025
47690Retail sale of other cultural and recreation goods
64210Activities of holding companies
68201Renting and operating of own or leased residential real estate, excluding social housing
70200Business and other management consultancy
82300Organisation of conventions and trade shows
90391Promotion and organisation of arts and performing arts events
90399Other support activities for arts and performing arts
E-invoicing
Reachable via Peppol
Peppol ID
0208:0839035251
Also
9925:BE0839035251
Registered
25-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.