SETCHI
ActiveSummary
SETCHI has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€24,260) and a net result of -€71,180. The computed 12-month bankruptcy probability is 1.4% (low).
Overview
- Equity
- -€24,260
- Loss
- -€71,180
- Parent
- DEKEYSER INVEST · 100%
Why 53raises riskCapped at 59: negative equity1 change of registered office in 24 monthslowers riskSize: total assets €1.8mNo main activity registeredFigures for financial year 2025 (filed 02-03-2026)Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 (no NACE code, micro): better than 15% on solvency, 5% on liquidity, 20% on profitability and 2% on growth.
The bankruptcy probability was computed on 18-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 2 accounts on average 10 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Registered office · Other addressesRegistered office clause · Registered-office…
- Annual accounts filedfinancial year 2024 · full…
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (27 days) Filed on 27 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00046263.
2024 to 2025, 2 financial years
The operating result stays negative: a loss of €4,744 in 2025 against €5,122 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 1,251 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 96.6% are still going.
- Small
- 2 to 5 years old
- negative equity
- a small loss
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,251 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Operating charges60/66A | €0.005m | - | - |
| Purchases600/8 | €1.7m | - | - |
| Change in stocks: decrease (increase)609 | -€1.7m | - | - |
| Services and other goods61 | €0.005m | - | - |
| Other operating charges640/8 | €384 | €0.003m | ▲ 618% |
| Gross operating margin9900 | - | -€0.002m | - |
| Operating profit (loss)9901 | -€0.005m | -€0.005m | ▲ 7.4% |
| Financial charges65/66B | €0.05m | €0.07m | ▲ 38.5% |
| Recurring financial charges65 | €0.05m | €0.07m | ▲ 38.5% |
| Debt charges650 | €0.05m | - | - |
| Other financial charges652/9 | €303 | - | - |
| Profit (loss) for the period before taxes9903 | -€0.05m | -€0.07m | ▼ 34.1% |
| Profit (loss) for the period9904 | -€0.05m | -€0.07m | ▼ 34.1% |
| Profit (loss) for the period to be appropriated9905 | -€0.05m | -€0.07m | ▼ 34.1% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €1.8m | €1.8m | ▼ 0.2% |
| Current assets29/58 | €1.8m | €1.8m | ▼ 0.2% |
| Stocks and contracts in progress3 | €1.7m | €1.7m | = |
| Stocks30/36 | €1.7m | €1.7m | = |
| Property held for sale35 | €1.7m | - | - |
| Amounts receivable within one year40/41 | - | €0.001m | - |
| Trade receivables40 | - | €0.001m | - |
| Cash at bank and in hand54/58 | €0.02m | €0.02m | ▼ 20.6% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €1.8m | €1.8m | ▼ 0.2% |
| Equity10/15 | €0.05m | -€0.02m | - |
| Contributions10/11 | €0.1m | €0.1m | = |
| Profit (loss) carried forward14 | -€0.05m | -€0.1m | ▼ 134% |
| Amounts payable17/49 | €1.7m | €1.8m | ▲ 4.0% |
| Amounts payable within one year42/48 | €1.7m | €1.8m | ▲ 4.0% |
| Trade debts44 | - | €0.002m | - |
| Suppliers440/4 | - | €0.002m | - |
| Other amounts payable47/48 | €1.7m | €1.8m | ▲ 3.9% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€53,080 | -€71,180 | ▼ 34.1% |
| Operating cash flow (approximation) | -€53,080 | -€71,180 | ▼ 34.1% |
| Change in cash | - | -€3,948 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | abbreviated format | 27-02-2026 | 2026-00046263 |
| 30-06-2024 | full format | 16-12-2024 | 2024-00617932 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
1 ownerChain of control
- DEKEYSER INVEST
- SETCHI
Highest known parent: DEKEYSER INVEST. The sources do not say who stands above it.
Owners 1
-
100%
According to the annual accounts to 30-06-2025 of SETCHI and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Connections & network
The network starts from this company’s shareholders. What else they own or run appears here as nodes.
History
Acts, filings and financial milestones
22-04
Gazette deed
Registered office · Other addressesRegistered office clause · Registered-office move · Power of attorney4 facts ▸
- Registered office clause, “Papdijk 16 bus A - 9180 Moerbeke-Waas” (deed in Dutch)
- Registered-office move, 9180 Lokeren, Papdijk 16 bus A
- Board meeting, 04-03-2025
- Power of attorney, Wim Grammens
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 18 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44045I0617/00T000 | Flanders | 2,477 m² | 1 · 233 m² | 6.0 m · 1 |