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SeeU

Active
Private limited companyfounded 20232 yrs activeWellingstraat 72, 9000 Gent, BelgiumKBO/BCE: BE 1003.484.893
Summary

The computed 12-month bankruptcy probability of SeeU is 1.7% (moderate). The 2025 annual accounts show equity of €44,635 and a net result of €28,118. Its solvency ranks better than 66% of 10519 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability100=
Solvency77▲+24
Growth78
Track record82
Bankruptcy probability, 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 2.05 against 1.31 in 2024; short-term debt: 47.5% and cash: 75.5% of total assets), and 47.5% 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
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 2 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
52.5%
Return on assets
33%
Age of the figures
9 mo
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 10-07-2026, 21 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
21 d early
2024
33 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 27 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed 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.
Companies Code · seven months
Position in the running window
28-09-2026 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

History

On 15 December 2023, SeeU was incorporated as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€44,635▲ 170%
2024 · €16,517
Total assets
€85,082▲ 42.7%
2024 · €59,640
Net result
€28,118▲ 70.2%
2024 · €16,517
Working capital
€42,215▲ 217%
2024 · €13,333
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20242025
Operating result€22,347-€38,824▲ 73.7%
Net result€16,517within the sector's middle half-€28,118within the sector's middle half▲ 70.2%
Equity€16,517below the sector's middle half-€44,635below the sector's middle half▲ 170%
Total assets€59,640below the sector's middle half-€85,082below the sector's middle half▲ 42.7%
Debt€43,123-€40,447▼ 6.2%
Working capital€13,333within the sector's middle half-€42,215within the sector's middle half▲ 217%
Solvency27.7%within the sector's middle half-52.5%within the sector's middle half▲ 24.8pp
Current ratio1.31within the sector's middle half-2.05within the sector's middle half▲ 0.74
Return on assets (ROA)27.7%above the sector's middle half-33.0%above the sector's middle half▲ 5.4pp
Staff (FTE)1.4below the sector's middle half-1.4below the sector's middle half=
above within below the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
€0€10,000€20,000€30,000€40,000Operating result 2024: €22,347€22,347Net result 2024: €16,517€16,517Operating result 2025: €38,824€38,824Net result 2025: €28,118€28,11820242025€0€10,000€20,000€30,000€40,000Operating result 2024: €22,347€22,300Net result 2024: €16,517€16,500Operating result 2025: €38,824€38,800Net result 2025: €28,118€28,10020242025
The operating result rises in 2025; 2025 is 74% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €85,082
Fixed assets €2,484 ▼ 22.0%
Current assets €82,598 ▲ 46.3%
Equity and liabilities €85,082
Equity €44,635 ▲ 170%
Debt €40,447 ▼ 6.2%
Debt's share of the balance-sheet total falls from 72.3% to 47.5%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€39,524▲
2024 · €22,663
Cash flow
€28,818▲
2024 · €16,833
Debt to equity
0.91▼
2024 · 2.61
ROE
63.0%▼
2024 · 100.0%
Interest coverage
26.19▼
2024 · 839.37
Debt ≤ 1 year
€40,383▼
2024 · €43,123
Income taxes
€9,709▲
2024 · €5,863
Staff costs
€80,488▼
2024 · €82,443
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,276 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.7% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 39,276 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet Code20242025
Assets
Total assets20/58€59,640€85,082▲
Fixed assets21/28€3,184€2,484▼
Tangible fixed assets22/27€3,184€2,484▼
Plant, machinery and equipment23€3,184€2,484▼
Current assets29/58€56,456€82,598▲
Amounts receivable within one year40/41€20,460€17,710▼
Trade receivables40€19,460€16,650▼
Other amounts receivable41€1,000€1,060▲
Cash at bank and in hand54/58€35,936€64,218▲
Deferred charges and accrued income490/1€60€670▲
Equity and liabilities
Total equity and liabilities10/49€59,640€85,082▲
Equity10/15€16,517€44,635▲
Contributions10/11€7,500€7,500=
Profit (loss) carried forward14€9,017€37,135▲
Amounts payable17/49€43,123€40,447▼
Amounts payable within one year42/48€43,123€40,383▼
Trade debts44€6,843€5,971▼
Suppliers440/4€6,843€5,971▼
Taxes, remuneration and social security45€28,780€34,412▲
Taxes450/3€14,671€18,175▲
Remuneration and social security454/9€14,109€16,237▲
Other amounts payable47/48€7,500-
Accrued charges and deferred income492/3-€64
Income statement Code20242025
Remuneration, social security and pensions62€82,443€80,488▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€316€700▲
Other operating charges640/8€50€100▲
Gross operating margin9900€105,156€120,112▲
Operating profit (loss)9901€22,347€38,824▲
Financial income75/76B€60€512▲
Recurring financial income75€60€512▲
Financial charges65/66B€27€1,509▲
Recurring financial charges65€27€1,509▲
Profit (loss) for the period before taxes9903€22,380€37,827▲
Income taxes67/77€5,863€9,709▲
Profit (loss) for the period9904€16,517€28,118▲
Profit (loss) for the period to be appropriated9905€16,517€28,118▲
Appropriation of the result
Profit (loss) to be appropriated9906€16,517€37,135▲
Profit (loss) brought forward from the previous period14P-€9,017
Profit to be distributed694/7€7,500-
Return on contributions (dividend)694€7,500-
Social balance
Average headcount (FTE)90871.41.4=

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Remuneration, social security and pensions62€82,443€80,488▼ 2.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€316€700▲ 122%
Other operating charges640/8€50€100▲ 100%
Gross operating margin9900€105,156€120,112▲ 14.2%
Operating profit (loss)9901€22,347€38,824▲ 73.7%
Financial income75/76B€60€512▲ 753%
Recurring financial income75€60€512▲ 753%
Financial charges65/66B€27€1,509▲ 5,489%
Recurring financial charges65€27€1,509▲ 5,489%
Profit (loss) for the period before taxes9903€22,380€37,827▲ 69.0%
Income taxes67/77€5,863€9,709▲ 65.6%
Profit (loss) for the period9904€16,517€28,118▲ 70.2%
Profit (loss) for the period to be appropriated9905€16,517€28,118▲ 70.2%
Line20242025Change
Assets
Total assets20/58€59,640€85,082▲ 42.7%
Fixed assets21/28€3,184€2,484▼ 22.0%
Tangible fixed assets22/27€3,184€2,484▼ 22.0%
Plant, machinery and equipment23€3,184€2,484▼ 22.0%
Current assets29/58€56,456€82,598▲ 46.3%
Amounts receivable within one year40/41€20,460€17,710▼ 13.4%
Trade receivables40€19,460€16,650▼ 14.4%
Other amounts receivable41€1,000€1,060▲ 6.0%
Cash at bank and in hand54/58€35,936€64,218▲ 78.7%
Deferred charges and accrued income490/1€60€670▲ 1,017%
Equity and liabilities
Total equity and liabilities10/49€59,640€85,082▲ 42.7%
Equity10/15€16,517€44,635▲ 170%
Contributions10/11€7,500€7,500=
Profit (loss) carried forward14€9,017€37,135▲ 312%
Amounts payable17/49€43,123€40,447▼ 6.2%
Amounts payable within one year42/48€43,123€40,383▼ 6.4%
Trade debts44€6,843€5,971▼ 12.7%
Suppliers440/4€6,843€5,971▼ 12.7%
Taxes, remuneration and social security45€28,780€34,412▲ 19.6%
Taxes450/3€14,671€18,175▲ 23.9%
Remuneration and social security454/9€14,109€16,237▲ 15.1%
Other amounts payable47/48€7,500--
Accrued charges and deferred income492/3-€64-
Line20242025Change
Profit (loss) for the period9904€16,517€28,118▲ 70.2%
+ Depreciation and write-downs630€316€700▲ 122%
Operating cash flow (approximation)€16,833€28,818▲ 71.2%
Investment in fixed assets (approximation)-€0-
Change in cash-€28,282-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
10-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
28-06
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
NBB filing
0 of 2 acts read
About the unread acts

We know of 2 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
2 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, Gent · 1 establishment unit since 2023
seat establishment The establishment unit on the map
Ground area
6,183 m²
Building footprint
1,393 m²
Volume, LiDAR
12,904 m³
2 parcels, Flanders · tallest building 14.2 m, ±3 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
SeeU
Hundelgemsesteenweg 359, 9820 Merelbeke-MelleManufacture of medical and dental instruments and supplies
since 20232.354.335.401
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44412C0252/00X000 Flanders 6,114 m² 1 · 1,324 m² 14.2 m · 3 fl.
44815F1666/00A000 Flanders 69 m² 1 · 69 m² 8.0 m · 2 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

1 owner

Chain of control

  1. Brightsight 100%
  2. SeeU

Highest known parent: Brightsight. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts 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.

Similar companies · same sector, comparable size

Of 1,734 companies in sector 47742 we hold annual accounts for 1,140. 900 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded15-12-2023
Fiscal year end31-12
Activities, NACEBEL 2025
47742Retail sale of prescription glasses, lenses and sunglasses
32500Manufacture of medical and dental instruments and supplies
E-invoicing
Reachable via Peppol
Peppol ID 0208:1003484893
Also 9925:BE1003484893
Registered 16-02-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.