SEPTANDSET
ActiveSummary
SEPTANDSET has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-109k) and a net result of €-2k. Equity is shrinking by ~12.2% per year across the filed fiscal years. Its solvency ranks better than 5% of 4354 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
31
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-100
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.05 against 0.07 in 2023; cash: 17.4% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Return on assets
-37.6%
Age of the figures
21 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Sector 74
lower
← fewer bankruptcies
more bankruptcies →
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 · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-109k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
29 d late
2022
30 d late
2021
46 d late
2020
26 d late
2019
69 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€-109k▼ 2.1%
2023 · €-106k
2018: €-51k
2019: €-65k
2020: €-80k
2021: €-91k
2022: €-111k
2023: €-106k
2018 → 2024
Total assets
€6k▼ 35.0%
2023 · €9k
2018: €109k
2019: €93k
2020: €69k
2021: €53k
2022: €12k
2023: €9k
2018 → 2024
Net result
€-2k
2023 · €4k
2018: €-34k
2019: €-15k
2020: €-14k
2021: €-11k
2022: €-20k
2023: €4k
2018 → 2024
Working capital
€-108k▼ 0.2%
2023 · €-108k
2018: €-115k
2019: €-116k
2020: €-117k
2021: €-121k
2022: €-115k
2023: €-108k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-80k-€-91k▼ 14.1%€-111k▼ 21.7%€-106k▲ 4.0%€-109k▼ 2.1%
Operating result€-14k-€-10k▲ 23.6%€-19k▼ 81.3%€5k€-2k
Net result€-14k-€-11k▲ 22.1%€-20k▼ 75.7%€4k€-2k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €2k after €5k in 2023.
Key figures and ratios
EBITDA
€-253▼
2023 · €8k
Cash flow
€-609▼
2023 · €7k
Current ratio
0.05▼
2023 · 0.07
Debt to equity
-1.06▲
2023 · -1.09
ROA
-37.6%▼
2023 · 47.4%
Interest coverage
-2.11▼
2023 · 28.88
Debt
€115k▼
2023 · €116k
Debt ≤ 1 year
€114k▼
2023 · €116k
Income taxes
€236▲
2023 · €231
A ratio outside any meaningful range has been withheld (balance sheet total €6k, equity €-109k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 34 lines
Balance sheet
Code20232024
Assets
Total assets20/58€9k€6k▼
Fixed assets21/28€2k-
Intangible fixed assets21€1k-
Tangible fixed assets22/27€296-
Furniture and vehicles24€296-
Current assets29/58€8k€6k▼
Amounts receivable within one year40/41€6k€5k▼
Trade receivables40€6k€4k▼
Other amounts receivable41€7€625▲
Cash at bank and in hand54/58€1k€1k▼
Equity and liabilities
Total equity and liabilities10/49€9k€6k▼
Equity10/15€-106k€-109k▼
Contributions10/11€17k€17k=
Profit (loss) carried forward14€-123k€-125k▼
Amounts payable17/49€116k€115k▼
Amounts payable within one year42/48€116k€114k▼
Trade debts44€13k€12k▼
Suppliers440/4€13k€12k▼
Taxes, remuneration and social security45€288€236▼
Taxes450/3€288€236▼
Other amounts payable47/48€102k€102k▼
Accrued charges and deferred income492/3-€387
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€2k▼
Other operating charges640/8€2k€624▼
Gross operating margin9900€9k€371▼
Operating profit (loss)9901€5k€-2k▼
Financial charges65/66B€265€120▼
Recurring financial charges65€265€120▼
Profit (loss) for the period before taxes9903€5k€-2k▼
Income taxes67/77€231€236▲
Profit (loss) for the period9904€4k€-2k▼
Profit (loss) for the period to be appropriated9905€4k€-2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-123k€-125k▼
Profit (loss) brought forward from the previous period14P€-128k€-123k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Back to profitnet €4k
Net result €4k after 5 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
15-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 46 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
2019
11-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 72 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Assesse · 1 establishment unit since 2013
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Sur l' Hesse 4a5336 AssesseGround area
3,631 m²
Building footprint
292 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
SEPTANDSET/Morilles de Wallonie
since 20132.217.652.404
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92028B0055/00H002 | Wallonia | 2,211 m² | 1 · 171 m² | - |
| 92028B0056/00K000 | Wallonia | 1,420 m² | 1 · 121 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
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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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 6,295 companies in sector 74120 we hold annual accounts for 1,011. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-03-2013
Fiscal year end31-12
Activities, NACEBEL 2025
74120Graphic design and visual communication
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:patrick.delovinfosse@gmail.com