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
2024 to 2025, 2 financial years
The operating result for 2025 is a loss of €7,621, smaller than the loss of €23,079 in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
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.