SETAMI
ActiveSummary
The computed 12-month bankruptcy probability of SETAMI is 2.9% (moderate). The 2025 annual accounts show equity of €154,283 and a net result of €537. Equity has been growing by about 39% per year since 2022. Its solvency ranks better than 95% of 34,972 sector peers (NACE 43, financial year 2025). The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 20-04-2022 Normal situation
- Activity
- Painting of buildings NACE 43341and 2 others
- Establishment unit
- 2.330.635.232 1831 Machelen (Brab.), since 20-04-2022
- Financial year end
- 31 December
- Peppol
- Reachable
Board and ownership
- TODORAN Adrian NicolaeDirector · since 20-04-2022
- TODORAN Adrian Nicolae100 sharesdeed of 22-04-2022
Financial position
- Bankruptcy probabilitywithin 12 months
- 2.9%
- Gross margin
- €7,912
- ▼ 85.7%
- Turnover
- ≈ €80,000
- estimated
- Profit
- €537
- ▼ 98.4%
- Equity
- €154,283
- ▲ 0.3%
- Total assets
- €167,168
- ▼ 13.2%
- 2025 accounts filed 61 days after the deadline
Score breakdownraises riskLast filed accounts filed 61 days late; 3 of the last 3 accounts lateSize: total assets €167,168Founded in 2022lowers riskEquity €154,283 (92.3% of total assets)Show the evidence
Checked score
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 90% of them on solvency, 46% on liquidity, 36% on profitability and 36% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 4 accounts on average 60 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 61 days after the deadline Filed on 30 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00543871.
Annual accounts 2025 filed on 30-09-2026 at the NBB all 4 filings
Every figure per financial year
The operating result for 2025 is 97% lower than in 2024 and the lowest since 2022. It is the second fall in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | €2,104 | €6,895 | €7,064 | €4,625 |
| Depreciation and write-downs of the year | €369 | €1,794 | €3,667 | €5,742 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €369 | €1,794 | €3,667 | €5,742 | ▲ 56.6% |
| Other operating charges640/8 | - | €353 | €384 | €387 | ▲ 0.8% |
| Gross operating margin9900 | €65,804 | €86,511 | €55,351 | €7,912 | ▼ 85.7% |
| Operating profit (loss)9901 | €65,435 | €84,364 | €51,299 | €1,783 | ▼ 96.5% |
| Financial income75/76B | €1 | €1 | €0 | €0 | ▼ 50.0% |
| Recurring financial income75 | €1 | €1 | €0 | €0 | ▼ 50.0% |
| Financial charges65/66B | €93 | €50 | €42 | €61 | ▲ 44.5% |
| Recurring financial charges65 | €93 | €50 | €42 | €61 | ▲ 44.5% |
| Profit (loss) for the period before taxes9903 | €65,343 | €84,315 | €51,257 | €1,722 | ▼ 96.6% |
| Income taxes67/77 | €13,211 | €21,806 | €17,153 | €1,185 | ▼ 93.1% |
| Profit (loss) for the period9904 | €52,132 | €62,509 | €34,104 | €537 | ▼ 98.4% |
| Profit (loss) for the period to be appropriated9905 | €52,132 | €62,509 | €34,104 | €537 | ▼ 98.4% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €79,246 | €172,773 | €192,678 | €167,168 | ▼ 13.2% |
| Fixed assets21/28 | €1,735 | €6,836 | €10,233 | €9,116 | ▼ 10.9% |
| Tangible fixed assets22/27 | €1,735 | €6,836 | €10,233 | €9,116 | ▼ 10.9% |
| Plant, machinery and equipment23 | - | €2,060 | €6,439 | €6,729 | ▲ 4.5% |
| Furniture and vehicles24 | €1,735 | €4,776 | €3,793 | €2,387 | ▼ 37.1% |
| Current assets29/58 | €77,511 | €165,937 | €182,445 | €158,052 | ▼ 13.4% |
| Amounts receivable within one year40/41 | €69,376 | €164,405 | €180,796 | €156,000 | ▼ 13.7% |
| Trade receivables40 | €9,027 | €63,145 | €54,606 | €9,308 | ▼ 83.0% |
| Other amounts receivable41 | €60,349 | €101,259 | €126,190 | €146,692 | ▲ 16.2% |
| Cash at bank and in hand54/58 | €8,135 | €1,533 | €1,650 | €2,052 | ▲ 24.4% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €79,246 | €172,773 | €192,678 | €167,168 | ▼ 13.2% |
| Equity10/15 | €57,132 | €119,642 | €153,746 | €154,283 | ▲ 0.3% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | - | - | €34,104 | €34,104 | = |
| Distributable reserves133 | - | - | €34,104 | €34,104 | = |
| Profit (loss) carried forward14 | €52,132 | €114,642 | €114,642 | €115,179 | ▲ 0.5% |
| Amounts payable17/49 | €22,113 | €53,131 | €38,932 | €12,885 | ▼ 66.9% |
| Amounts payable within one year42/48 | €22,113 | €53,131 | €38,932 | €12,885 | ▼ 66.9% |
| Trade debts44 | €8,903 | €18,115 | €7 | €229 | ▲ 35× |
| Suppliers440/4 | €8,903 | €18,115 | €7 | €229 | ▲ 35× |
| Taxes, remuneration and social security45 | €13,211 | €35,016 | €38,925 | €12,656 | ▼ 67.5% |
| Taxes450/3 | €13,211 | €35,016 | €38,925 | €12,656 | ▼ 67.5% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €52,132 | €62,509 | €34,104 | €537 | ▼ 98.4% |
| + Depreciation and write-downs630 | €369 | €1,794 | €3,667 | €5,742 | ▲ 56.6% |
| Operating cash flow (approximation) | €52,501 | €64,303 | €37,771 | €6,278 | ▼ 83.4% |
| Investment in fixed assets (approximation) | - | -€6,895 | -€7,064 | -€4,625 | ▲ 34.5% |
| Change in cash | - | -€6,602 | €117 | €403 | ▲ 244% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 2,546 companies had the same profile as SETAMI has now. Two years later, 94.3% were still going and 2.3% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SETAMI itself: 2.9% within 12 months.
Test of the method
The method was tested on the 497,446 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 2,546 companies, not a prediction for SETAMI. 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.
Board & ownership
Directors
Owners and capital
Shareholders
- TODORAN Adrian Nicolae 100 shares (100%) · €5,000 in cash
Capital transactions
- 22-04-2022 Incorporation · €5,000 · 100 shares
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Bestuursorgaan, algemene vergadering bepaalt aantal,duur opdracht en bij meerdere bevoegdheid”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Procedure- en expertisekosten voor helft overdrager en helft koper(s) naar evenredigheid verworven aantal bij meerdere kopers, erfgenamen en…”
Articles of association, deed of 22-04-2022 (in Dutch)
Network & group
SETAMI shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of SETAMI. Every other company they run is a node.
Timeline
Deeds, filings and financial milestones
22-04
Gazette deed
IncorporationFounding capital of €5,000, 100 shares · Founder: TODORAN Adrian Nicolae (comparant) · Appointment: TODORAN Adrian Nicolae (director)5 points ▸
- Founder, TODORAN Adrian Nicolae (comparant)
- Founding capital, €5,000, 100 shares
- Registered office clause, Gustaaf Michielsstraat 5, 1831 Diegem
- Board rule, 1
- Director appointment, TODORAN Adrian Nicolae (director (not named in the articles))
- The deed holds 3 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
15 activities
- Aannemer vanbouwwerken.
- Schildersbedrijf zowel wat betreft voorbereidende werkzaamheden tot complete endecoratieve afwerking.
- Algemene metselwerken.
- Ruwbouw residentiele woningen alsook van commerciele gebouwen.
- Algemene electriciteitswerken alsook de groot - en detailhandel ervan.
- Import en export van alle electrische en electronische apparaten.
- Alle werkzaamheden ivm afwerking.
- Alle isolatiewerkzaamheden.
- Industriële reiniging; interieurreiniging van alle soorten gebouwen: kantoren,fabrieken,werkplaatsen.
- Aanleg en onderhouden van tuinen,parken en groene zones.
- Het reinigen van nieuwe gebouwen na beëindiging van de bouwwerkzaamheden.
- Andere reinigingsactiviteiten,overige reiniging van gebouwen,en industriële reiniging.
- Loodgieterswerk.
- Plaatsen van dakbedekking van ongeacht welk materiaal,
- Dakwerkzaamheden.
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0784.966.164
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23015C0317/00E006 | Flanders | 117 m² | 1 · 76 m² | 10.3 m · 2 |