Checked.be
Active
BE 0743.523.707Private limited company
SELTIM
Peerdekouterstraat(NOK) 1 ·9771 Kruisem, Belgium· 6 yrs active
Sector: Crop and animal production, hunting and related service activities
(01471)
Conclusion
SELTIM has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.04M and a net result of €1.03M. Equity is growing by ~25.5% per year across the filed fiscal years. Its solvency ranks better than 44% of 1680 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €1.04M |
| Net result | €1.03M |
| Staff (FTE) | 0.8 |
| Better than sector | 44% |
Financial profile
84
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
81
Profitability
100
Solvency
63
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
More than 3 years active
Founded in 2020, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
81
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€85k
estimate, not credit advice
Score history
8
2022
100
2023
93
2024
81
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.15 (≥ 1.0)
+5
Leverage
Debt/equity 1.62 (< 2.0)
+3
Profitability
ROE 100% (≥ 10%)
+10
Interest coverage
Interest coverage 663.6× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 18-12-2025 with the NBB · fiscal year 2025 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~25.5%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 01, Crop and animal production, hunting and related service activities · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 38.2% | 42.0% | |
| Net result | €1.03M | €61k | |
| Equity | €1.04M | €626k | |
| Gross operating margin | €1.66M | €338k | |
| Staff costs | €31k | €143k |
€1.62M
+35.8%
22-25
€1.03M
+19.4%
22-25
€1.13M
+24.1%
22-25
€2.71M
+49.2%
22-25
€1.04M
-8.8%
22-25
€245k
-45.7%
22-25
1
-
22-25
€31k
-
22-25
€491k
+75.3%
22-25
€1.13M
+61.4%
22-25
€1.68M
+145.6%
22-25
€1.60M
+170.8%
22-25
€75k
-16.7%
22-25
1.15
-34.6%
22-25
0.86
-43.1%
22-25
38.2%
-38.9%
22-25
1.62
+169.2%
22-25
99.5%
+30.9%
22-25
38.0%
-20.0%
22-25
663.55
+17.1%
22-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €1.62M | €1.19M | €1.31M | €46k |
| Net profit | €1.03M | €863k | €981k | €31k |
| Cash flow | €1.13M | €914k | €1.00M | €40k |
| Staff costs | €31k | - | - | - |
| Income taxes | €491k | €280k | €304k | €111 |
| Dividends | €1.13M | €700k | - | - |
| Total assets | €2.71M | €1.82M | €1.50M | €704k |
| Equity | €1.04M | €1.13M | €972k | €-9k |
| Debt | €1.68M | €683k | €531k | €714k |
| of which ≤ 1y | €1.60M | €590k | €423k | €592k |
| of which > 1y | €75k | €90k | €105k | €120k |
| Working capital | €245k | €451k | €672k | €-111k |
| Employees (FTE) | 0.8 | - | - | - |
Note: these years are not on the same basis. The filed schemas differ (abbreviated schema, micro schema), so the columns are not directly comparable.
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 1.15 | 1.76 | 2.59 | 0.81 |
| Quick ratio | 0.86 | 1.52 | 1.27 | 0.29 |
| Working capital ratio | 9.0% | 24.8% | 44.7% | -15.8% |
| Solvency | 38.2% | 62.4% | 64.7% | -1.3% |
| Debt / equity | 1.62 | 0.60 | 0.55 | -75.41 |
| Long-term debt ratio | 0.07 | 0.08 | 0.11 | -12.68 |
| Interest coverage | 663.55 | 566.53 | 419.10 | 7.82 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 38.0% | 47.5% | 65.3% | 4.3% |
| ROE | 99.5% | 76.0% | 101.0% | -323.3% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (26 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €2.71M | €1.82M | €1.50M | €704k |
| Fixed assets | 21/28 | €868k | €776k | €407k | €223k |
| Tangible fixed assets | 22/27 | €868k | €776k | €407k | €223k |
| Financial fixed assets | 28 | €135 | €135 | - | - |
| Current assets | 29/58 | €1.84M | €1.04M | €1.10M | €481k |
| Stocks & contracts in progress | 3 | €462k | €144k | €558k | €311k |
| Amounts receivable within one year | 40/41 | €525k | €339k | €271k | €161k |
| Investments | 50/53 | €155k | - | - | - |
| Cash & bank | 54/58 | €700k | €555k | €265k | €8k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €2.71M | €1.82M | €1.50M | €704k |
| Equity | 10/15 | €1.04M | €1.13M | €972k | €-9k |
| Contributions / capital | 10/11 | €5k | €5k | €5k | €5k |
| Reserves | 13 | €1.03M | €1.13M | €967k | - |
| Accumulated profits (losses) | 14 | - | - | - | €-14k |
| Amounts payable | 17/49 | €1.68M | €683k | €531k | €714k |
| Amounts payable after one year | 17 | €75k | €90k | €105k | €120k |
| Amounts payable within one year | 42/48 | €1.60M | €590k | €423k | €592k |
| Trade debts payable within one year | 44 | €136k | €161k | €227k | €322k |
| Income statement | |||||
| Gross operating margin | 9900 | €1.66M | €1.22M | €1.31M | €46k |
| Operating result | 9901 | €1.52M | €1.14M | €1.29M | €37k |
| Financial income | 75 | €7k | €2k | €565 | €4 |
| Financial charges | 65 | €2k | €2k | €3k | €6k |
| Result before taxes | 9903 | €1.52M | €1.14M | €1.29M | €31k |
| Income taxes | 67/77 | €491k | €280k | €304k | €111 |
| Net result for the period | 9904 | €1.03M | €863k | €981k | €31k |
| Result to be appropriated | 9905 | €1.03M | €863k | €981k | €31k |
Legal Structure
| NACE primary | Crop and animal production, hunting and related service activities(01471) |
| Legal form | Private limited company(610) |
| Incorporation | 11-02-2020 |
| Status | Active |
| Postal code | 9771 |
Establishment units
Seltim
since 20202.299.011.549
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45031B0412/00E000 | Flanders | 2,745 m² | 1 · 157 m² | 7.8 m · 2 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2025
18-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
30-06
Financial
Highest result since 2022net €1.03M ▲19.4%
Operating result €1.52M, net result €1.03M, both a record.
2024
23-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
30-06
Financial
Equity above €1MEq €1.13M ▲16.8%
3 profitable years in a row build equity to €1.13M.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Liquidity triplescurrent ratio 2.59
Current ratio from 0.81 to 2.59; short-term debt falls from €592k to €423k.
30-06
Financial
Equity above €500kEq €972k
2 profitable years in a row build equity to €972k.
2022
21-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
21-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Crop and animal production, hunting and related service activities01471Crop and animal production, hunting and related service activities01472Wholesale trade46331
Names & trade names
| Legal nameNL | SELTIM |
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