SELTECH
ActiveSummary
SELTECH has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €57,570 and a net result of €22,375. Equity is shrinking by ~7.4% per year across the filed fiscal years. Its solvency ranks better than 87% of 1319 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100=
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 5.64 against 7.8 in 2024; short-term debt: 16.7% and cash: 50.9% of total assets), and 18.2% 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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Repair, maintenance and installation of machinery and equipment (NACE 33)
about 56% 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 2025Solvency, return and age of the figures
Solvency
81.8%
Return on assets
31.8%
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 29-06-2026, 32 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
32 d early
2024
29 d early
2023
50 d early
2022
21 d early
2021
48 d early
2020
25 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 34 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€57,570▼ 18.0%
2024 · €70,195
Total assets
€70,347▼ 12.4%
2024 · €80,307
Net result
€22,375▼ 45.7%
2024 · €41,181
Working capital
€54,528▼ 16.6%
2024 · €65,390
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€35,660▼ 2.5%€8,784▼ 75.4%-€6,717€52,970€29,724▼ 43.9%
Net result€28,398▼ 4.7%€6,745▼ 76.2%-€7,876€41,181€22,375▼ 45.7%
Equity€88,544▲ 47.2%€36,890▼ 58.3%€29,014▼ 21.3%€70,195▲ 142%€57,570▼ 18.0%
Total assets€100,616▲ 44.1%€53,330▼ 47.0%€41,028▼ 23.1%€80,307▲ 95.7%€70,347▼ 12.4%
Debt€12,072▲ 24.5%€16,441▲ 36.2%€12,015▼ 26.9%€10,112▼ 15.8%€12,777▲ 26.4%
Working capital€87,587▲ 45.5%€29,180▼ 66.7%€22,435▼ 23.1%€65,390▲ 191%€54,528▼ 16.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 44% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €70,347
Fixed assets
€4,071 ▼ 23.2%
Current assets
€66,276 ▼ 11.6%
Equity and liabilities €70,347
Equity
€57,570 ▼ 18.0%
Debt
€12,777 ▲ 26.4%
Debt's share of the balance-sheet total rises from 12.6% to 18.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€32,103▼
2024 · €55,134
Cash flow
€24,753▼
2024 · €43,346
Current ratio
5.64▼
2024 · 7.80
Debt to equity
0.22▲
2024 · 0.14
ROE
38.9%▼
2024 · 58.7%
ROA
31.8%▼
2024 · 51.3%
Interest coverage
96.39▼
2024 · 108.56
Debt ≤ 1 year
€11,748▲
2024 · €9,616
Income taxes
€7,017▼
2024 · €11,280
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €491 | €1,136 | €1,940 | €2,164 | €2,378 | ▲ 9.9% |
| Other operating charges640/8 | €387 | €1,981 | €1,128 | €773 | €1,078 | ▲ 39.5% |
| Gross operating margin9900 | €36,539 | €11,901 | -€3,649 | €55,907 | €33,181 | ▼ 40.6% |
| Operating profit (loss)9901 | €35,660 | €8,784 | -€6,717 | €52,970 | €29,724 | ▼ 43.9% |
| Financial income75/76B | €0 | - | - | - | - | - |
| Recurring financial income75 | €0 | - | - | - | - | - |
| Financial charges65/66B | €63 | €723 | €740 | €508 | €333 | ▼ 34.4% |
| Recurring financial charges65 | €63 | €723 | €740 | €508 | €333 | ▼ 34.4% |
| Profit (loss) for the period before taxes9903 | €35,598 | €8,061 | -€7,457 | €52,462 | €29,391 | ▼ 44.0% |
| Income taxes67/77 | €7,200 | €1,315 | €419 | €11,280 | €7,017 | ▼ 37.8% |
| Profit (loss) for the period9904 | €28,398 | €6,745 | -€7,876 | €41,181 | €22,375 | ▼ 45.7% |
| Profit (loss) for the period to be appropriated9905 | €28,398 | €6,745 | -€7,876 | €41,181 | €22,375 | ▼ 45.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €100,616 | €53,330 | €41,028 | €80,307 | €70,347 | ▼ 12.4% |
| Fixed assets21/28 | €1,428 | €7,917 | €7,094 | €5,300 | €4,071 | ▼ 23.2% |
| Tangible fixed assets22/27 | €1,278 | €7,767 | €6,944 | €5,150 | €3,921 | ▼ 23.9% |
| Furniture and vehicles24 | €1,278 | €1,648 | €2,160 | €1,701 | €1,807 | ▲ 6.2% |
| Other tangible fixed assets26 | - | €6,119 | €4,784 | €3,449 | €2,114 | ▼ 38.7% |
| Financial fixed assets28 | €150 | €150 | €150 | €150 | €150 | = |
| Current assets29/58 | €99,188 | €45,414 | €33,935 | €75,007 | €66,276 | ▼ 11.6% |
| Amounts receivable within one year40/41 | €22,019 | €8,803 | €17,640 | €24,728 | €30,454 | ▲ 23.2% |
| Trade receivables40 | €21,732 | €3,371 | €14,622 | €22,864 | €24,751 | ▲ 8.3% |
| Other amounts receivable41 | €287 | €5,433 | €3,018 | €1,864 | €5,703 | ▲ 206% |
| Cash at bank and in hand54/58 | €77,170 | €36,611 | €16,295 | €50,279 | €35,822 | ▼ 28.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €100,616 | €53,330 | €41,028 | €80,307 | €70,347 | ▼ 12.4% |
| Equity10/15 | €88,544 | €36,890 | €29,014 | €70,195 | €57,570 | ▼ 18.0% |
| Contributions10/11 | €1,000 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €87,544 | €18,290 | €10,414 | €51,595 | €38,970 | ▼ 24.5% |
| Distributable reserves133 | €87,544 | €18,290 | €10,414 | €51,595 | €38,970 | ▼ 24.5% |
| Amounts payable17/49 | €12,072 | €16,441 | €12,015 | €10,112 | €12,777 | ▲ 26.4% |
| Amounts payable within one year42/48 | €11,601 | €16,234 | €11,500 | €9,616 | €11,748 | ▲ 22.2% |
| Trade debts44 | €765 | €1,285 | €789 | €300 | €1,526 | ▲ 408% |
| Suppliers440/4 | €765 | €1,285 | €789 | €300 | €1,526 | ▲ 408% |
| Taxes, remuneration and social security45 | €10,837 | €8,949 | €7,212 | €9,316 | €10,222 | ▲ 9.7% |
| Taxes450/3 | €10,837 | €8,949 | €7,212 | €9,316 | €10,222 | ▲ 9.7% |
| Other amounts payable47/48 | - | €6,000 | €3,499 | - | - | - |
| Accrued charges and deferred income492/3 | €471 | €207 | €514 | €495 | €1,029 | ▲ 108% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €28,398 | €6,745 | -€7,876 | €41,181 | €22,375 | ▼ 45.7% |
| + Depreciation and write-downs630 | €491 | €1,136 | €1,940 | €2,164 | €2,378 | ▲ 9.9% |
| Operating cash flow (approximation) | €28,889 | €7,881 | -€5,936 | €43,346 | €24,753 | ▼ 42.9% |
| Investment in fixed assets (approximation) | - | -€7,625 | -€1,117 | -€371 | -€1,149 | ▼ 210% |
| Change in cash | - | -€40,559 | -€20,315 | €33,984 | -€14,457 | ▼ 143% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €41,181
Net result €41,181 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 7.80
Current ratio from 2.95 to 7.80; short-term debt falls from €11,500 to €9,616.
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€7,876
Net result drops to -€7,876, the lowest in the series; recovery starts the following year.
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Anzegem · 1 establishment unit since 2019
Ground area
1,226 m²
Building footprint
195 m²
Volume, LiDAR
1,267 m³
2 parcels, Flanders · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SELTECH
since 20192.286.553.086
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34002A0661/00G000 | Flanders | 913 m² | 1 · 112 m² | 7.8 m · 2 fl. |
| 46025B0742/00G002 | Flanders | 313 m² | 1 · 83 m² | 11.1 m · 3 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.
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Of 3,719 companies in sector 33120 we hold annual accounts for 1,345. 1,060 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
Founded06-03-2019
Fiscal year end31-12
Activities, NACEBEL 2025
33120Repair and maintenance of machinery
Scores and ratios are computed by Checked and are not a credit decision.