Skip to content

SEETHRU

Active
Zerresweg,Alfersteg 7 ·4780 Sankt Vith, Belgium
KBO/BCE: BE 0776.638.715
Watch Print / PDF
Full dossier in preparation

Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.

Process with priority Sign in free to move this company to the front.
Age4 yrs

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of SEETHRU is 0.6% (low). The 2024 annual accounts show equity of €219k and a net result of €-8k. Equity is growing by ~15.2% per year across the filed fiscal years. The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.

Filing behaviour

From the deposit records, complete market-wide
Deadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 12 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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.
How we compute the deadline
The year end is derived from 3 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 29-09-2025 60 d late 2025-00508367
31-12-2023 31-07-2024 18-07-2024 13 d early 2024-00256480
31-12-2022 31-07-2023 09-06-2023 52 d early 2023-00116488

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
More than 3 years active
Founded in 2021, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
0.6% Low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector Young company +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-8k
Working capital€-13k

Annual accounts & ratios

Source: NBB · 2024
Annual accounts filed on 29-09-2025 with the NBB · fiscal year 2024 · ander
€-100k€0€100k€200kOperating result 2022: €195k€195kNet result 2022: €151k€151kOperating result 2023: €98k€98kNet result 2023: €75k€75kOperating result 2024: €-5k€-5kNet result 2024: €-8k€-8k202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~15.2%/year over 3 fiscal years, indicative, assuming unchanged policy.
€150k€200k€250k€300k€350k2025: €253k (€235k - €270k)2026: €286k (€268k - €304k)2027: €319k (€302k - €337k)2022: €153k2023: €227k2024: €219k202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

EBITDA
€48k
-53.1% 22-24
Net profit
€-8k
- 22-24
Cash flow
€44k
-43.4% 22-24
Total assets
€424k
+40.8% 22-24
Equity
€219k
-3.4% 22-24
Working capital
€-13k
- 22-24
Income taxes
€23k
-47.7% 22-24
Dividends
€800
0.0% 22-24
Debt
€204k
+176.6% 22-24
Debt ≤ 1y
€38k
-48.9% 22-24
Debt > 1y
€167k
- 22-24
Current ratio
0.66
-77.2% 22-24
Quick ratio
0.66
-77.2% 22-24
Solvency
51.8%
-31.4% 22-24
Debt / equity
0.93
+186.2% 22-24
ROE
-3.5%
- 22-24
ROA
-1.8%
- 22-24
Interest coverage
15.27
-99.5% 22-24
Figures by fiscal year
Fiscal year2024
Depositander
Revenue-
EBITDA€48k
Net profit€-8k
Cash flow€44k
Staff costs-
Income taxes-
Dividends-
Total assets€424k
Equity€219k
Debt€204k
of which ≤ 1y€38k
of which > 1y€167k
Working capital€-13k
Employees (FTE)-
Ratios (computed)
2024
Current ratio0.66
Quick ratio0.66
Working capital ratio-3.1%
Solvency51.8%
Debt / equity0.93
Long-term debt ratio0.76
Interest coverage15.27
Gross margin-
Net margin-
ROA-1.8%
ROE-3.5%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€424k
Fixed assets 21/28€399k
Tangible fixed assets 22/27€399k
Current assets 29/58€25k
Amounts receivable within one year 40/41€22k
Cash & bank 54/58€2k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€424k
Equity 10/15€219k
Contributions / capital 10/11€3k
Accumulated profits (losses) 14€217k
Amounts payable 17/49€204k
Amounts payable after one year 17€167k
Amounts payable within one year 42/48€38k
Trade debts payable within one year 44€24k
Income statement
Gross operating margin 9900€49k
Operating result 9901€-5k
Financial income 75€1
Financial charges 65€3k
Result before taxes 9903€-8k
Net result for the period 9904€-8k
Result to be appropriated 9905€-8k
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2024 · computed
45 / 100 Fair
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Zerresweg,Alfersteg 74780 Sankt Vith

Establishment units

1 location
SEETHRU GmbH
Zerresweg,Alfersteg 7, 4780 Sankt VithOntwikkeling van residentiële bouwprojecten
since 20212.323.772.184
Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes
Health45Profitability0Solvency66Growth52Stability94
51 / 100

Mixed profile: strong on stability, weaker on profitability.

All 5 axes are computed from data Checked has read.

Health 45
Profitability 0
Solvency 66
Growth 52
Stability 94

Ask AI about this company

Checked AI

Soon: ask questions about this dossier, risks, curator, sector comparison, answered from the official data on this page.

TryWhat are the main risks?Any recent red flags?Compare to sector peers
Coming soon

AI due-diligence brief

Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

Coming soon
The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works

Credit advice

verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Computerconsultancy-activiteiten62020Activiteiten op het gebied van computerconsultancy en beheer van computerfaciliteiten62200Ontwerpen en programmeren van computerprogramma's62010Ontwerpen van computerprogramma’s62100
Primary activity highlighted.
Names & trade names
Legal nameDE SEETHRU
Registered office
Zerresweg,Alfersteg 7
4780 Sankt Vith, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.