Summary
SEEF is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €1.0m and a net result of €127,034. Equity is growing by ~3% per year across the filed fiscal years. Its solvency ranks better than 80% of 3320 sector peers (fiscal year 2024). The company has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 21-06-2025, 40 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
40 d early
2023
48 d early
2022
37 d early
2021
35 d early
2020
33 d early
2019
24 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 36 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€1.0m▲ 9.0%
2023 · €938,703
Net result
€127,034▼ 13.2%
2023 · €146,361
Total assets
€1.3m▲ 4.7%
2023 · €1.2m
Solvency
80.5%▲ 3.1pp
2023 · 77.4%
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€11,487-€32,022▼ 179%€24,805€43,713▲ 76.2%€55,509▲ 27.0%
Net result-€7,402▼ 1,327%-€39,175▼ 429%€17,661€146,361▲ 729%€127,034▼ 13.2%
Equity€886,284▲ 6.3%€847,109▼ 4.4%€863,770▲ 2.0%€938,703▲ 8.7%€1.0m▲ 9.0%
Total assets€1.1m▲ 5.1%€1.0m▼ 2.9%€1.1m▲ 1.6%€1.2m▲ 14.6%€1.3m▲ 4.7%
Debt€186,491▼ 0.3%€194,627▲ 4.4%€194,950▲ 0.2%€274,124▲ 40.6%€247,528▼ 9.7%
Working capital€130,622▼ 6.7%€100,662▼ 22.9%€125,313▲ 24.5%€197,427▲ 57.5%€291,044▲ 47.4%
Solvency82.6%▲ 0.9pp81.3%▼ 1.3pp81.6%▲ 0.3pp77.4%▼ 4.2pp80.5%▲ 3.1pp
Staff (FTE)0.3=1▲ 233%0.5▼ 50.0%0.4
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2023 Net result +729% on 2022. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 27% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.3m
Fixed assets
€909,624 ▼ 1.0%
Current assets
€360,784 ▲ 22.7%
Equity and liabilities €1.3m
Equity
€1.0m ▲ 9.0%
Debt
€247,528 ▼ 9.7%
Debt's share of the balance-sheet total falls from 22.6% to 19.5%. Equity is higher and debt is lower.
Key figures and ratios
ROE
12.4%▼
2023 · 15.6%
ROA
10.0%▼
2023 · 12.1%
Debt ≤ 1 year
€69,740▼
2023 · €96,504
Debt > 1 year
€176,000=
2023 · €176,000
Income taxes
€28,547▲
2023 · €10,413
Staff costs
€20,900
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €3,331 | €5,868 | - | €20,900 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,546 | €9,464 | €9,273 | €9,455 | €11,259 | ▲ 19.1% |
| Other operating charges640/8 | - | €1,476 | €2,863 | €1,815 | €1,566 | ▼ 13.7% |
| Gross operating margin9900 | €3,943 | -€17,751 | €42,810 | €54,983 | €89,236 | ▲ 62.3% |
| Operating profit (loss)9901 | -€11,487 | -€32,022 | €24,805 | €43,713 | €55,509 | ▲ 27.0% |
| Financial income75/76B | - | - | - | €120,206 | €107,229 | ▼ 10.8% |
| Recurring financial income75 | €0 | - | - | €120,206 | €107,229 | ▼ 10.8% |
| Financial charges65/66B | - | €7,147 | €7,144 | €7,144 | €7,157 | ▲ 0.2% |
| Recurring financial charges65 | €7,157 | €7,147 | €7,144 | €7,144 | €7,157 | ▲ 0.2% |
| Profit (loss) for the period before taxes9903 | -€7,465 | -€39,169 | €17,661 | €156,774 | €155,581 | ▼ 0.8% |
| Income taxes67/77 | -€63 | €6 | - | €10,413 | €28,547 | ▲ 174% |
| Profit (loss) for the period9904 | -€7,402 | -€39,175 | €17,661 | €146,361 | €127,034 | ▼ 13.2% |
| Profit (loss) for the period to be appropriated9905 | -€7,402 | -€39,175 | €17,661 | €146,361 | €127,034 | ▼ 13.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.0m | €1.1m | €1.2m | €1.3m | ▲ 4.7% |
| Fixed assets21/28 | €931,661 | €924,007 | €914,466 | €918,896 | €909,624 | ▼ 1.0% |
| Tangible fixed assets22/27 | €39,034 | €31,380 | €21,839 | €21,269 | €11,633 | ▼ 45.3% |
| Furniture and vehicles24 | - | €31,380 | €21,839 | €21,269 | €11,633 | ▼ 45.3% |
| Financial fixed assets28 | €892,627 | €892,627 | €892,627 | €897,627 | €897,990 | = |
| Current assets29/58 | €141,114 | €117,728 | €144,254 | €293,930 | €360,784 | ▲ 22.7% |
| Amounts receivable within one year40/41 | €12,438 | €38,749 | €15,125 | €14,100 | €12,240 | ▼ 13.2% |
| Trade receivables40 | - | €38,720 | €15,125 | €12,100 | €12,240 | ▲ 1.2% |
| Other amounts receivable41 | - | €29 | €0 | €2,000 | - | - |
| Current investments50/53 | - | - | - | €130,000 | €280,000 | ▲ 115% |
| Cash at bank and in hand54/58 | €125,612 | €70,187 | €125,856 | €141,482 | €63,406 | ▼ 55.2% |
| Deferred charges and accrued income490/1 | - | €8,793 | €3,273 | €8,348 | €5,138 | ▼ 38.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.0m | €1.1m | €1.2m | €1.3m | ▲ 4.7% |
| Equity10/15 | €886,284 | €847,109 | €863,770 | €938,703 | €1.0m | ▲ 9.0% |
| Contributions10/11 | €726,200 | €726,200 | €726,200 | €726,200 | €726,200 | = |
| Capital10 | - | €726,200 | €726,200 | €726,200 | €726,200 | = |
| Issued capital100 | - | €726,200 | €726,200 | €726,200 | €726,200 | = |
| Reserves13 | €159,620 | €119,620 | €136,620 | €211,620 | €294,620 | ▲ 39.2% |
| Non-distributable reserves130/1 | - | €72,620 | €72,620 | €72,620 | €72,620 | = |
| Legal reserve130 | - | €72,620 | €72,620 | €72,620 | €72,620 | = |
| Distributable reserves133 | - | €47,000 | €64,000 | €139,000 | €222,000 | ▲ 59.7% |
| Profit (loss) carried forward14 | €464 | €1,289 | €950 | €883 | €2,060 | ▲ 133% |
| Amounts payable17/49 | €186,491 | €194,627 | €194,950 | €274,124 | €247,528 | ▼ 9.7% |
| Amounts payable after more than one year17 | €176,000 | €176,000 | €176,000 | €176,000 | €176,000 | = |
| Other amounts payable178/9 | - | €176,000 | €176,000 | €176,000 | €176,000 | = |
| Amounts payable within one year42/48 | €10,491 | €17,067 | €18,940 | €96,504 | €69,740 | ▼ 27.7% |
| Trade debts44 | €1,306 | €1,953 | €455 | €1,243 | €1,223 | ▼ 1.6% |
| Suppliers440/4 | - | €1,953 | €455 | €1,243 | €1,223 | ▼ 1.6% |
| Taxes, remuneration and social security45 | - | €10,186 | €12,857 | €40,333 | €33,589 | ▼ 16.7% |
| Taxes450/3 | - | €8,283 | €10,115 | €34,741 | €30,416 | ▼ 12.4% |
| Remuneration and social security454/9 | - | €1,903 | €2,742 | €5,592 | €3,173 | ▼ 43.3% |
| Other amounts payable47/48 | - | €4,928 | €5,628 | €54,928 | €34,928 | ▼ 36.4% |
| Accrued charges and deferred income492/3 | - | €1,560 | €10 | €1,620 | €1,788 | ▲ 10.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,402 | -€39,175 | €17,661 | €146,361 | €127,034 | ▼ 13.2% |
| + Depreciation and write-downs630 | €7,546 | €9,464 | €9,273 | €9,455 | €11,259 | ▲ 19.1% |
| Operating cash flow (approximation) | €144 | -€29,711 | €26,934 | €155,816 | €138,294 | ▼ 11.2% |
| Investment in fixed assets (approximation) | - | -€1,810 | €268 | -€13,885 | -€1,987 | ▲ 85.7% |
| Change in cash | - | -€55,425 | €55,669 | €15,626 | -€78,076 | ▼ 600% |
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
2025
21-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €1mEq €1.0m ▲9%
3 profitable years in a row build equity to €1.0m.
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €146,361 ▲729%
Net result €146,361, the highest in the series.
24-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €17,661
Net result €17,661 after 3 loss-making years.
26-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€39,175
Net result drops to -€39,175, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity triplescurrent ratio 14.04
Current ratio from 5.31 to 14.04; short-term debt falls from €31,338 to €10,740.
30-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
23-06
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.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Etterbeek · 1 establishment unit since 1999
Ground area
236 m²
Building footprint
103 m²
Volume, LiDAR
1,354 m³
Parcel 21364B0196/00N004, Brussels · tallest building 18.0 m, ±5 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Jachtlaan 195, 1040 Etterbeek
since 19992.092.848.244
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21364B0196/00N004 | Brussels | 236 m² | 1 · 103 m² | 18.0 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
2 holdingsOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 2
-
98.53%
-
19.99%
According to the 2024 annual accounts of SEEF 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
No current directors or connected companies found in the register.
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Of 1,507 companies in sector 66199 we hold annual accounts for 921. 513 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded07-11-1997
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
66199Other activities auxiliary to financial services, excluding insurance and pension funding
E-invoicing
Reachable via Peppol
Peppol ID
0208:0461865993
Also
9925:BE0461865993
Registered
23-02-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.