SELTEC
ActiveSELTEC has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €421k and a net result of €-28k. Equity is growing by ~20.4% per year across the filed fiscal years. Its solvency ranks better than 59% of 8976 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency100▲+1
Growth52=
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity ample (current ratio 4.24 against 3.8 in 2023), and 35.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
64.5%
Return on assets
-4.3%
Age of the figures
20 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€28k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-07-2025, 13 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
13 d early
2023
8 d early
2022
17 d early
2021
17 d early
2020
15 d early
2019
37 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€421k▼ 6.3%
2023 · €449k
2018: €13k
2019: €105k
2020: €269k
2021: €444k
2022: €471k
2023: €449k
2018 → 2024
Total assets
€653k▼ 9.2%
2023 · €719k
2018: €18k
2019: €207k
2020: €411k
2021: €802k
2022: €748k
2023: €719k
2018 → 2024
Net result
€-28k▼ 30.2%
2023 · €-22k
2018: €12k
2019: €92k
2020: €164k
2021: €175k
2022: €27k
2023: €-22k
2018 → 2024
Working capital
€159k▼ 16.2%
2023 · €189k
2018: €13k
2019: €30k
2020: €181k
2021: €341k
2022: €324k
2023: €189k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€269k-€444k▲ 65.0%€471k▲ 6.0%€449k▼ 4.6%€421k▼ 6.3%
Operating result€241k-€261k▲ 8.3%€36k▼ 86.1%€-17k€-25k▼ 44.4%
Net result€164k-€175k▲ 6.6%€27k▼ 84.6%€-22k€-28k▼ 30.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €25k in 2024 against €17k in 2023; the loss grows and 2024 is the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €653k
Fixed assets
€445k▼ 3.7%
Current assets
€208k▼ 19.2%
Equity and liabilities €653k
Equity
€421k▼ 6.3%
Debt
€232k▼ 14.1%
The debt ratio falls from 37.5% to 35.5%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€-8k▲
2023 · €-10k
Cash flow
€-11k▲
2023 · €-14k
Solvency
64.5%▲
2023 · 62.5%
Current ratio
4.24▲
2023 · 3.80
Quick ratio
4.24▲
2023 · 3.80
Debt / equity
0.55▼
2023 · 0.60
ROE
-6.7%▼
2023 · -4.9%
ROA
-4.3%▼
2023 · -3.0%
Interest coverage
-2.38▼
2023 · -1.76
Debt
€232k▼
2023 · €270k
Debt ≤ 1 year
€49k▼
2023 · €68k
Debt > 1 year
€183k▼
2023 · €202k
Income taxes
€264▼
2023 · €755
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€719k€653k▼
Fixed assets21/28€462k€445k▼
Tangible fixed assets22/27€462k€445k▼
Land and buildings22€455k€440k▼
Furniture and vehicles24€7k€5k▼
Other tangible fixed assets26€1k€882▼
Current assets29/58€257k€208k▼
Amounts receivable within one year40/41€42k€20k▼
Trade receivables40€10k€4k▼
Other amounts receivable41€33k€16k▼
Current investments50/53-€150k
Cash at bank and in hand54/58€213k€37k▼
Deferred charges and accrued income490/1€1k€80▼
Equity and liabilities
Total equity and liabilities10/49€719k€653k▼
Equity10/15€449k€421k▼
Contributions10/11€19k€19k=
Reserves13€368k€368k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€366k€366k=
Profit (loss) carried forward14€63k€35k▼
Amounts payable17/49€270k€232k▼
Amounts payable after more than one year17€202k€183k▼
Financial debts170/4€202k€183k▼
Amounts payable within one year42/48€68k€49k▼
Current portion of amounts payable after more than one year42€22k€22k▲
Trade debts44€18k€1k▼
Suppliers440/4€18k€1k▼
Taxes, remuneration and social security45€5k€4k▼
Taxes450/3€5k€641▼
Remuneration and social security454/9-€3k
Other amounts payable47/48€22k€22k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€17k▲
Other operating charges640/8€954€2k▲
Gross operating margin9900€-9k€-6k▲
Operating profit (loss)9901€-17k€-25k▼
Financial income75/76B€2k-
Recurring financial income75€2k-
Financial charges65/66B€6k€3k▼
Recurring financial charges65€6k€3k▼
Profit (loss) for the period before taxes9903€-21k€-28k▼
Income taxes67/77€755€264▼
Profit (loss) for the period9904€-22k€-28k▼
Profit (loss) for the period to be appropriated9905€-22k€-28k▼
Appropriation of the result
Profit (loss) to be appropriated9906€63k€35k▼
Profit (loss) brought forward from the previous period14P€85k€63k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
12-08
State Gazette act
Registered officeRegistered-office move1 fact ▸
State Gazette act
Registered office
Registered-office move1 fact ▸
- Registered-office move, Legrellestraat 172, 2590 Berlaar
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-28k
Net result drops to €-28k, the lowest in the series.
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity triplescurrent ratio 10.29
Current ratio from 3.61 to 10.29; short-term debt falls from €130k to €35k.
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €175k ▲6.6%
Operating result €261k, net result €175k, both a record.
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity triplescurrent ratio 4.64
Current ratio from 1.77 to 4.64.
31-12
Financial
Equity above €200kEq €269k ▲156%
3 profitable years in a row build equity to €269k.
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €100kEq €105k ▲718%
2 profitable years in a row build equity to €105k.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
22-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
no sitting director, last change in 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
01-04-2025
Katja Van Remoortere: Resigned as Director
25-02-2019
Koen Claes: Resigned as Manager
Not every act has been read: a resignation may be missing here
5 of this company's 6 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Berlaar · 1 establishment unit since 2004
Ground area
1,054 m²
Building footprint
160 m²
Volume, LiDAR
846 m³
Parcel 12502B0096/00S000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SELTEC
since 20042.136.517.248
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12502B0096/00S000 | Flanders | 1,054 m² | 1 · 160 m² | 8.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
1 connected companyNetwork connections
Shared address
→
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Of 2,708 companies in sector 73200 we hold annual accounts for 1,777. 1,295 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-04-2004
Fiscal year end31-12
Activities, NACEBEL
73200Market research and public opinion polling
74131
58290Other software publishing
62020IT consultancy
62200Computer consultancy and computer facilities management
72100
72210
Sources
Crossroads Bank for EnterprisesBelgian Official Gazette · 1 actNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 08-09-2026. Scores and ratios are computed by Checked and are not a credit decision.