SEILING GLOBAL
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 5 days after the deadline Filed on 5 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00386038.
Annual accounts 2025 filed on 05-08-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is a loss of €7,621, smaller than the loss of €23,079 in 2024.
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Financial fixed assets | €600 | - |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Turnover70 | €27,183 | €26,934 | ▼ 0.9% |
| Goods, raw materials, services and sundry goods60/61 | €42,996 | €16,394 | ▼ 61.9% |
| Remuneration, social security and pensions62 | €7,266 | €9,367 | ▲ 28.9% |
| Other operating charges640/8 | - | €8,795 | - |
| Gross operating margin9900 | -€15,813 | €10,541 | - |
| Operating profit (loss)9901 | -€23,079 | -€7,621 | ▲ 67.0% |
| Financial charges65/66B | €75 | €218 | ▲ 191% |
| Recurring financial charges65 | €75 | €218 | ▲ 191% |
| Profit (loss) for the period before taxes9903 | -€23,154 | -€7,840 | ▲ 66.1% |
| Profit (loss) for the period9904 | -€23,154 | -€7,840 | ▲ 66.1% |
| Profit (loss) for the period to be appropriated9905 | -€23,154 | -€7,840 | ▲ 66.1% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €49,401 | €49,050 | ▼ 0.7% |
| Fixed assets21/28 | €600 | €600 | = |
| Financial fixed assets28 | €600 | €600 | = |
| Current assets29/58 | €48,801 | €48,450 | ▼ 0.7% |
| Stocks and contracts in progress3 | €40,317 | €38,250 | ▼ 5.1% |
| Stocks30/36 | €40,317 | €38,250 | ▼ 5.1% |
| Amounts receivable within one year40/41 | €6,524 | €8,980 | ▲ 37.6% |
| Trade receivables40 | €6,524 | €8,980 | ▲ 37.6% |
| Cash at bank and in hand54/58 | €1,960 | €1,220 | ▼ 37.7% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €49,401 | €49,050 | ▼ 0.7% |
| Equity10/15 | -€13,154 | -€20,994 | ▼ 59.6% |
| Contributions10/11 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | -€23,154 | -€30,994 | ▼ 33.9% |
| Amounts payable17/49 | €62,555 | €70,044 | ▲ 12.0% |
| Amounts payable within one year42/48 | €62,555 | €70,044 | ▲ 12.0% |
| Trade debts44 | €51,934 | €37,622 | ▼ 27.6% |
| Suppliers440/4 | €51,934 | €37,622 | ▼ 27.6% |
| Taxes, remuneration and social security45 | €7,472 | €13,785 | ▲ 84.5% |
| Taxes450/3 | €2,826 | €3,055 | ▲ 8.1% |
| Remuneration and social security454/9 | €4,646 | €10,730 | ▲ 131% |
| Other amounts payable47/48 | €3,149 | €18,637 | ▲ 492% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€23,154 | -€7,840 | ▲ 66.1% |
| Operating cash flow (approximation) | -€23,154 | -€7,840 | ▲ 66.1% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | -€739 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 7,639 companies had the same profile as SEILING GLOBAL has now. Two years later, 84.9% were still going and 8.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SEILING GLOBAL itself: 3.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,639 companies, not a prediction for SEILING GLOBAL. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.