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SELTIS

Active
Private limited companyfounded 20205 yrs activeNieuwenroodsesteenweg 42, 1851 Grimbergen, BelgiumKBO/BCE: BE 0759.518.116
Summary

The computed 12-month bankruptcy probability of SELTIS is 3.3% (moderate). The 2024 annual accounts show equity of €1,081 and a net result of -€903. Equity is shrinking by ~52.6% per year across the filed fiscal years. Its solvency ranks better than 10% of 36365 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
SELTISActiveChecked score 39/100
Risk analysis ReportCompare

Overview

What they do
Joinery installation
NACE 43320
1 site
How big
€78,752total assets 2024
Equity
€1,081
Loss
-€903
Turnover not published (abridged schema)
Financially healthy?
39 Weak Checked score 2024
Bankruptcy chance 12 m
3.3%
Who decides
Accounts 63 d overdue0 of 1 deed read
Why 39- Limited track record- Higher-failure-rate sector- Annual accounts: weaker financial profile- Persistent losses- Weak solvency vs sectorFiled after the deadlineShow the evidence

Checked score

Score 2024
39 / 100
Weak
Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability67▲+12
Solvency26▼-1
Growth32=
Track record94
Bankruptcy probability, 12 months
3.3% Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.85 against 0.88 in 2023; short-term debt: 97.4% and cash: 11.4% of total assets), and 98.6% of the assets are financed with debt.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six signals. The signal on the left, the evidence on the right.
+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 date
Age against the risk zone
highest failure risk from 2 to 8 years 5 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
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 2024
Solvency, return and age of the figures
Solvency
1.4%
Return on assets
-1.1%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024
Net result per financial year
21222324
2021 to 2024 · latest year -€903
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 36365 sector peers (2024).
NBB · sector comparison
Position among 36365 sector peers
Solvency
better than 10%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filings
Deviation from the deadline
2025
not confirmed
2024
29 d late
2023
47 d late
2022
58 d late
2021
29 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 41 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · micro…
  2. Annual accounts filedfiscal year 2023 · micro…
  3. Weakest financial yearnet -€7,412

Key points

  • Caution: Among the weakest 10% on solvencysector median 46.6% · 36,365 companies 1.4% View
  • Caution: Accounts not fileddeadline was 31-07-2026 63 d late View
  • Caution: 2 loss-making years in a rowloss fiscal year 2024 -€903 View

By topic

Financials

Fiscal year
2024
Total assets
€78,752
Loss
-€903
Solvency
1.4%
Total assets▼ 18.7%
Net result
20212024
Go to Financials

Timeline

Events
6
Since
2022
  1. 29-08-2025Annual accounts filed
  2. 16-09-2024Annual accounts filed
  3. 31-12-2023Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Joinery installationNACE 43320
Founded
07-12-2020
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

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