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Seefar Foundation

Active
Non-profit associationfounded 20169 yrs activeLouizalaan 54, 1050 Elsene, BelgiumKBO/BCE: BE 0665.649.335
Summary

The annual accounts of Seefar Foundation for fiscal year 2025 show a net loss of 87% of the equity at the start of that year. The 2025 annual accounts show equity of €15,820 and a net result of -€103,881. Equity is shrinking by ~40.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is < 0.1% (very low).

Risk analysisWatch ReportCompare
Seefar FoundationActiveChecked score 54/100
Risk analysis ReportCompare

Overview

Activity
Activity not known
Size
€2.3mtotal assets 2025
Equity
€15,820
Loss
-€103,881
Financial health
54 Fair Checked score 2025
Bankruptcy chance 12 m
< 0.1%
Structure
Board
3 members
Accounts filed 31 d late1 of 10 deeds read
Why 54Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year- Latest accounts 31 days late; 2 of the last 3 late- Loss of €103,881 (FY 2025)+ Legal form Non-profit association+ Size: total assets €2.3mShow the evidence

Checked score

Score 2025
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 31% of its sector peers (no NACE code, small)
Performance against the sector, not lower risk
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 26-4
equity 0.7% of total assets
Liquidity 75-17
short-term debt 50.4% · cash 61.2%
Profitability 26-16
return on assets -4.5%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%▼ -11.1% vs 11-2024lowest value 01-2025: < 0.1%● 0.0% vs 12-2024lowest value 02-2025: < 0.1%▲ +6.3% vs 01-2025 03-2025: < 0.1%▼ -5.9% vs 02-2025lowest value 04-2025: < 0.1%▲ +6.3% vs 03-2025 05-2025: < 0.1%● 0.0% vs 04-2025 06-2025: < 0.1%▲ +23.5% vs 05-2025 07-2025: < 0.1%▲ +4.8% vs 06-2025 08-2025: < 0.1%▲ +13.6% vs 07-2025 09-2025: < 0.1%▲ +20.0% vs 08-2025 10-2025: < 0.1%▼ -26.7% vs 09-2025 11-2025: < 0.1%● 0.0% vs 10-2025 12-2025: < 0.1%● 0.0% vs 11-2025 01-2026: < 0.1%● 0.0% vs 12-2025 02-2026: < 0.1%● 0.0% vs 01-2026 03-2026: < 0.1%▲ +4.5% vs 02-2026 04-2026: < 0.1%▼ -8.7% vs 03-2026 05-2026: < 0.1%▲ +4.8% vs 04-2026 06-2026: < 0.1%▲ +9.1% vs 05-2026 07-2026: < 0.1%▲ +8.3% vs 06-2026 08-2026: < 0.1%▲ +11.5% vs 07-2026 09-2026: < 0.1%▲ +44.8% vs 08-2026highest value 10-2026: < 0.1%● 0.0% vs 09-2026highest value
  • Legal form Non-profit association lowers the probability
  • Size: total assets €2.3m lowers the probability for this profile
  • Latest accounts 31 days late; 2 of the last 3 late raises the probability
  • Loss of €103,881 (FY 2025) raises the probability
Credit up to €500 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 1.99 against 4.44 in 2024; short-term debt: 50.4% and cash: 61.2% of total assets), but 99.3% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (no NACE code, small). Better than this share of them on solvency 12%, liquidity 91%, profitability 17%, growth against the median 3%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Legal form Non-profit association
In the bankruptcy model this factor lowers the probability.
KBO
lowers risk · Size: total assets €2.3m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Latest accounts 31 days late; 2 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
raises risk · Loss of €103,881 (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 3 filings
Deviation from the deadline
2025
31 d late
2024
41 d late
2023
30 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 3 accounts on average 34 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 31 August (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Resignation: Zdena Middernacht (non-statutory director)Reappointment: Lea Valenti (non-statutory director)…
  3. Weakest financial yearnet -€103,881

Key points

  • Caution: From profit to loss in 2025after €39,597 in 2024 -€103,881 View
  • Board changedlatest change 10-04-2026 · 3 in office 2 joined · 1 left View
  • Total assets 20253 fiscal years filed €2.3m View

By topic

Financials

Fiscal year
2025
Total assets
€2.3m
Loss
-€103,881
Solvency
0.7%
Total assets▼ 1.5%
Net result
20232025
Go to Financials

Timeline

Events
7
Since
2024
Next accounts
by 31-07-2027
  1. 31-08-2026Annual accounts filed
  2. 10-04-2026Resignation: Zdena Middernacht (non-statutory director)
  3. 31-12-2025Weakest financial year
Go to Timeline

Company details

Legal form
Non-profit association
Founded
31-10-2016
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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