Equity
-€169,841
Debts exceed assets in financial year 2025.
SET SPA
Lifetime
5 annual accounts with figures on one time axispeak €25,219 (2025)
€25,219▲ 35.1%
lowest -€48,251 (2022)
-€24,712▲ €12,614
peak -€21,570 (2021)
-€169,841▼ €24,712
€407,036▼ 5.3%
Board1 name since 2021
1 director
Documentsfilings and deeds
30-07-20261 day before the deadline
2025micro format
Gross margin from €18,663 to €25,219Loss of €24,712Equity from -€145,128 to -€169,841
Key points
from the 2025 annual accountsLosses
-€174,841 in five years
Every financial year from 2021 to 2025 closed with a loss. 2022 was the heaviest.
Turnover
≈ €74,000 estimated
The micro format states no turnover.
Debts
€407,036 172% of the balance sheet
Suppliers 0%Taxes and wages 2%Other 98%
Filings
5 annual accounts 4 late
The 2021 accounts came latest: 61 days after the end of the period.
Position in the sector
-€169,841
Less equity than 95% of companies in personal services. Sector median €14,713 · 6,274 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 6,007 companies had the same profile as SET SPA has now. Each dot stands for 16 companies, two years later.
83.0%
were still trading
8.4%
stopped another way
7.9%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,007 companies, not a prediction for SET SPA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0761424858
Incorporation
Founding capital of €5,000, 100 shares · Founders: and · Appointment: (director) · published on 13-01-2021 · Gazette deed
First establishment
Landhuisstraat 1, Mouscron
Comparable companies
same main activity, similar in size and ageThese companies have the same main activity as SET SPA: day spas, saunas and steam baths (NACE 96230). They are comparable in size and age: total assets between €127,000 and €374,000, founded between 2017 and 2022.
Official details
Source: KBO- Status
- Active since 11-01-2021Normal situation
- Registered office
- 12 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 12 November 2026.
- Activity
- Day spas, saunas and steam bathsNACE 96230and 2 others
- Establishment unit
- 2.312.912.0457700 Mouscron, since 11-01-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 30-12-2025
Annual accounts 2025
- €237,195▼ 16.7%
- Filing
- Filed on 30-07-2026, 1 day before the end of the filing period
Insights on SET SPA
SET SPA files the micro format. That format states no turnover. The gross margin rose from -€3,448 in 2021 to €25,219 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SET SPA
- What is the company number of SET SPA?
- The company number of SET SPA is 0761.424.858. The VAT number is the same number with BE in front: BE 0761.424.858.
- Where is SET SPA based?
- The registered office is at Landhuisstraat 1, 7700 Mouscron.Company details
- What does SET SPA do?
- According to the KBO register, the main activity is day spas, saunas and steam baths (NACE 96230).
- What is the legal form of SET SPA?
- SET SPA is a private limited company (BV).
- When was SET SPA founded?
- SET SPA was founded on 11-01-2021.
- Is SET SPA still active?
- Yes, SET SPA is an active enterprise in the KBO register.
- How many employees does SET SPA have?
- SET SPA had an average of 0.3 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- What is the turnover of SET SPA?
- The turnover in financial year 2025 is ≈ €74,000. This figure is estimated from the gross margin of €25,219 and 39 comparable companies (NACE 962). It probably lies between €60,000 and €110,000.
- Is SET SPA profitable?
- In financial year 2025, SET SPA made a loss of €24,712.
- Where can I find the annual accounts of SET SPA?
- SET SPA filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SET SPA due?
- SET SPA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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