Seelevel
ActiveSummary
Seelevel has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €45,509 and a net result of €9,458. Equity is growing by about 28% per year across the filed financial years. Its solvency ranks better than 38% of 1,859 sector peers (NACE 59, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Overview
- Equity
- €45,509
- Profit
- €9,458
Why 70raises riskFounded in 2023Size: total assets €134,494lowers riskSector: Motion picture, video and television programme production, sound recording and music publishing activities (NACE 59)Liquidity: current ratio 1.17, cash €19,148Show the evidence
Checked score
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 59, micro): better than 42% on solvency, 56% on liquidity, 41% on profitability and 76% on growth.
The bankruptcy probability was computed on 28-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 3 accounts on average 28 days before the deadline; the sector median (NACE 59) for financial year 2024 is 2 days before the deadline, and 41% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2025, micro format
2023 to 2025, 3 financial years
The operating result has fallen two years in a row; 2025 is 16% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 59, Motion picture, video and television programme production, sound recording and music publishing activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.8% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,445 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% | 0.9% |
| 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 74.5% 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 39,278 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.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Turnover70 | €100,507 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €72,025 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €204 | €8,411 | €11,417 | ▲ 35.7% |
| Other operating charges640/8 | €305 | €630 | €442 | ▼ 29.8% |
| Gross operating margin9900 | €29,735 | €31,703 | €30,870 | ▼ 2.6% |
| Operating profit (loss)9901 | €29,226 | €22,662 | €19,010 | ▼ 16.1% |
| Financial income75/76B | €0 | €112 | €55 | ▼ 50.5% |
| Recurring financial income75 | €0 | €112 | €55 | ▼ 50.5% |
| Financial charges65/66B | €2,304 | €7,274 | €6,548 | ▼ 10.0% |
| Recurring financial charges65 | €2,304 | €7,274 | €6,548 | ▼ 10.0% |
| Profit (loss) for the period before taxes9903 | €26,923 | €15,499 | €12,517 | ▼ 19.2% |
| Income taxes67/77 | €5,700 | €4,671 | €3,060 | ▼ 34.5% |
| Profit (loss) for the period9904 | €21,223 | €10,828 | €9,458 | ▼ 12.7% |
| Profit (loss) for the period to be appropriated9905 | €21,223 | €10,828 | €9,458 | ▼ 12.7% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €52,366 | €148,113 | €134,494 | ▼ 9.2% |
| Fixed assets21/28 | €2,879 | €105,891 | €104,092 | ▼ 1.7% |
| Tangible fixed assets22/27 | €2,879 | €105,891 | €104,092 | ▼ 1.7% |
| Land and buildings22 | - | €70,407 | €66,705 | ▼ 5.3% |
| Plant, machinery and equipment23 | €2,879 | €15,098 | €9,866 | ▼ 34.6% |
| Furniture and vehicles24 | - | €2,507 | €2,242 | ▼ 10.6% |
| Other tangible fixed assets26 | - | €17,880 | €25,279 | ▲ 41.4% |
| Current assets29/58 | €49,487 | €42,221 | €30,402 | ▼ 28.0% |
| Amounts receivable within one year40/41 | €47,486 | €10,498 | €11,241 | ▲ 7.1% |
| Trade receivables40 | €47,486 | €10,498 | €7,338 | ▼ 30.1% |
| Other amounts receivable41 | - | - | €3,903 | - |
| Cash at bank and in hand54/58 | €2,001 | €31,724 | €19,148 | ▼ 39.6% |
| Deferred charges and accrued income490/1 | - | - | €13 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €52,366 | €148,113 | €134,494 | ▼ 9.2% |
| Equity10/15 | €25,223 | €36,051 | €45,509 | ▲ 26.2% |
| Contributions10/11 | €4,000 | €4,000 | €4,000 | = |
| Profit (loss) carried forward14 | €21,223 | €32,051 | €41,509 | ▲ 29.5% |
| Amounts payable17/49 | €27,143 | €112,062 | €88,986 | ▼ 20.6% |
| Amounts payable after more than one year17 | - | €70,555 | €62,908 | ▼ 10.8% |
| Financial debts170/4 | - | €70,555 | €62,908 | ▼ 10.8% |
| Amounts payable within one year42/48 | €15,651 | €28,982 | €26,077 | ▼ 10.0% |
| Current portion of amounts payable after more than one year42 | - | €7,374 | €7,647 | ▲ 3.7% |
| Trade debts44 | €2,675 | €1,418 | €5,602 | ▲ 295% |
| Suppliers440/4 | €2,675 | €1,418 | €5,602 | ▲ 295% |
| Taxes, remuneration and social security45 | €8,599 | €14,793 | €12,828 | ▼ 13.3% |
| Taxes450/3 | €8,599 | €14,793 | €12,828 | ▼ 13.3% |
| Other amounts payable47/48 | €4,377 | €5,397 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €11,493 | €12,524 | €0 | ▼ 100% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,223 | €10,828 | €9,458 | ▼ 12.7% |
| + Depreciation and write-downs630 | €204 | €8,411 | €11,417 | ▲ 35.7% |
| Operating cash flow (approximation) | €21,427 | €19,239 | €20,875 | ▲ 8.5% |
| Investment in fixed assets (approximation) | - | -€111,423 | -€9,618 | ▲ 91.4% |
| Change in cash | - | €29,723 | -€12,576 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 31-07-2026 | 2026-00372747 |
| 31-12-2024 | micro format | 27-07-2025 | 2025-00313321 |
| 31-12-2023 | micro format | 11-05-2024 | 2024-00085602 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| GERMEYS Pieter |
|
Owners and capital
Capital and shareholders
- GERMEYS Pieter sole founder · 100% at incorporation
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 15-06-2023 Incorporation · €4,000 · 100 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Seelevel was incorporated on 13 June 2023 as a private limited company by one natural person, with a starting capital of €4,000.12 The registered office was moved to Stabroek in 2024.3 Since 2023, GERMEYS Pieter has served as enige niet statutaire bestuurder of the company.2 Total assets rose from €52,366 in 2023 to €134,494 in 2025.4
Acts, filings and financial milestones
09-04
Gazette deed
Registered officeRegistered-office move2 facts ▸
- Board meeting, “bestuursorgaan” (deed in Dutch)
- Registered-office move, 2940 Stabroek,Kleine Molenweg 89
15-06
Gazette deed
IncorporationAppointment: GERMEYS Pieter (enige niet statutaire bestuurder) · Founder · Founding capital4 facts ▸
- Founder, GERMEYS Pieter
- Founding capital, €4,000
- Capital contribution
- Director appointment, GERMEYS Pieter (enige niet statutaire bestuurder)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11044C0242/00L003 | Flanders | 820 m² | 1 · 141 m² | 8.9 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het maken, produceren en realiseren van video en audio producties, zowel op het land, in het water als in de lucht, en dit alles in de…” (deed in Dutch)
16 activities (deed in Dutch)
- Het maken, produceren en realiseren van video en audio producties, zowel op het land, in het water als in de lucht, en dit alles in de ruimste zin
- De huur, verhuur, aankoop en verkoop, zowel in België als in buitenland, van alle mogelijke apparatuur en materiaal voor de opname en weergave van audiovisuele en aanverwante producten voor zowel op land, in het water als in de lucht
- Het bestuderen van diverse problemen in verband met het opvatten en uitwerken van projecten van diverse aard, zowel op het gebied van administratie, organisatie, financiën, juridische zaken en alle aanverwante vraagstukken
- Verlenen van adviezen van financiële, technische, IT-consultancy, commerciële, administratieve aard en algemeen bestuur, in de meest ruime zin; bijstand en diensten verlenen, rechtstreeks of onrechtstreeks, op het vlak van administratieve en financiën, verkoop, productie en algemeen bestuur
- Het verlenen van diensten, bijstand en advies inzake het selecteren, aanwerven, functioneren, bezoldigen, opleiden, beheren en organiseren (niet-limitatieve lijst) van medewerkers, al dan niet in dienstverband
- Het verlenen van diensten en adviezen aan derden met betrekking tot de organisatie en het beheer van bedrijven die op dit domein actief zijn, de vertegenwoordiging en het optreden als commercieel tussenpersoon
- Het onderzoek, de ontwikkeling, de vervaardiging, kopen, verkopen, huren, verhuren of in licentie nemen of geven van eender welk intellectueel recht, zoals doch niet beperkt tot merken, tekeningen, logo’s, nieuwe producten en technologieën, octrooien, knowhow, expertise of enig andere immateriële vaste activa ter vergemakkelijking van de uitvoering van het voorwerp (zoals digitale applicaties)
- Het verwerven of in concessie nemen van auteursrechtelijk beschermde werken en het overdragen of in concessie of licentie geven van het auteursrecht op dergelijke werken
- Verlenen van nautische activiteiten, en dit alles in de ruimste zin, zoals (zonder limitatief te zijn) de aankoop, verkoop, verhuur, leasing, onderhoud, opleiding, advisering van sport- en duikmaterialen, alle type motorisch en niet-motorisch aangedreven vaartuigen
- Commerciële duikactiviteiten, en dit alles in de ruimste zin, met een specialisatie gericht op media
- Andere diensten in verband met sportbeoefening
- Het organiseren en verschaffen van opleiding, technische expertise en bijstand in voornoemde gebieden, en dit alles in de ruimste zin
- Ondersteunende diensten i.v.m. sportbeoefening
- Overige recreatie- en ontspanningsactiviteiten
- Overige zakelijke dienstverlening
- Alle verrichtingen en activiteiten van commerciële, industriële, onroerende, roerende of financiële aard die rechtstreeks of onrechtstreeks met voormelde activiteiten verwant zijn of verband houden of die nuttig zijn om de verwezenlijking ervan te bevorderen
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- SEELEVEL
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)“Kleine Molenweg 87, 2940 Stabroek” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuursorgaan, 1” (deed in Dutch)1 more provision on this in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Monday of May at 13:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed