Age3 yrs
Real estate1 parcel · 2,477 m²
Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of SETCHI is 3.9% (moderate). The 2025 annual accounts show negative equity (€-24k) and a net result of €-71k. The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 1 annual account.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone3.9%
Moderate
0%0,5%1,5%4%10%≥25%
Young company
+No NACE activity registered
+Annual accounts: weaker financial profile
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Signals
1 signal · with evidenceNegative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
View the annual accounts Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideFiled after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-02-2026, 27 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.
The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
How we compute the deadline
The year end is derived from 2 filed financial years, each closing on 30-06. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 30-06-2025, that is 31-01-2026.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 30-06-2025 | 31-01-2026 | 27-02-2026 | 27 d late | 2026-00046263 |
| 30-06-2024 | 31-01-2025 | 16-12-2024 | 46 d early | 2024-00617932 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsMore than 3 years active
Founded in 2023, 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.
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-71k
Working capital€-24k
Annual accounts & ratios
Source: NBB · 2025Annual accounts filed on 27-02-2026 with the NBB · fiscal year 2025 · verkort
| Fiscal year | 2025 |
|---|---|
| Deposit | verkort |
| Revenue | - |
| EBITDA | - |
| Net profit | €-71k |
| Cash flow | - |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €1.75M |
| Equity | €-24k |
| Debt | €1.78M |
| of which ≤ 1y | €1.78M |
| of which > 1y | - |
| Working capital | €-24k |
| Employees (FTE) | - |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 0.99 |
| Quick ratio | 0.01 |
| Working capital ratio | -1.4% |
| Solvency | -1.4% |
| Debt / equity | -73.19 |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | -4.1% |
| ROE | 293.4% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (18 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €1.75M |
| Current assets | 29/58 | €1.75M |
| Stocks & contracts in progress | 3 | €1.74M |
| Amounts receivable within one year | 40/41 | €758 |
| Cash & bank | 54/58 | €15k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.75M |
| Equity | 10/15 | €-24k |
| Contributions / capital | 10/11 | €100k |
| Accumulated profits (losses) | 14 | €-124k |
| Amounts payable | 17/49 | €1.78M |
| Amounts payable within one year | 42/48 | €1.78M |
| Trade debts payable within one year | 44 | €2k |
| Income statement | ||
| Gross operating margin | 9900 | €-2k |
| Operating result | 9901 | €-5k |
| Financial charges | 65 | €66k |
| Result before taxes | 9903 | €-71k |
| Net result for the period | 9904 | €-71k |
| Result to be appropriated | 9905 | €-71k |
Ratios computed by Checked.
Health barometer
FY 2025 · computed20
/ 100
Critical
Computed from 3 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Structure & network
Locations & real estate
Registered office
on the map · from the address registerEstablishment units
1 locationSETCHI
since 20232.346.127.023
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area2,477 m²
Buildings1
Building footprint233 m²
Volume (LiDAR)935 m³
Tallest building6.0 m · ±1 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44045I0617/00T000 | Flanders | 2,477 m² | 1 · 233 m² | 6.0 m · 1 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
1 acts Address history · 1
22-04-2025
Registered-office move
All acts · 1
updated 1 year ago
2025
22-04-2025 Registered office moved to Lokeren
- 9180 Lokeren, Papdijk 16 bus A
Analysis
Financial profile
4 of 5 axes measured61
/ 100
Strong profile, led by profitability.
Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.
Health
20
Profitability
100
Solvency
44
Growth
-
Stability
79
Credit advice
verdict per customer and amountCompany registry
Company registry (CBE)
Crossroads BankNames & trade names
| Legal nameNL | SETCHI |
Registered office
Papdijk 16 bus A
9180 Lokeren, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.