Checked.be · Company dossierhttps://checked.be/en/c/setec-0452022671 · as of 20-10-2026
SETEC
Active
Private limited company · founded 1994 · active for 32 yearsGotevlietstraat 18, 8000 Brugge, BelgiumKBO/BCE: BE 0452.022.671
Summary
SETEC has been active since 1994 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €723,365 and a net result of €168,169. Equity is growing by about 11% per year across the filed financial years. Its solvency ranks better than 90% of 191 sector peers (NACE 33, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
ELCLADaily manager · permanent representative Francis Claeys
Accounts filed 21 days late5 of 12 deeds read
Why 97raises riskSector: Repair, maintenance and installation of machinery and equipment (NACE 33)lowers riskLiquidity: current ratio 4.92, cash €222,626Equity €723,365 (79.5% of total assets)Founded in 1994Show the evidence
Checked score
Score 2025
Checked score
A figure from 0 to 100: the higher it is, the smaller the chance that the company goes bankrupt within twelve months. The band, from Critical to Excellent, follows from that chance; within the band, how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
97/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 77% of its sector peers (NACE 33, micro)
How strong the balance sheet and results are: solvency, liquidity and profitability from the latest annual accounts, each out of 100. It does not directly set the Checked score's band; how the company does on these and on growth against its sector peers does count for its place within the band.
Strong
Solvency100+2
equity 79.5% of total assets
Liquidity74+16
short-term debt 19.9% · cash 24.5%
Profitability90+7
return on assets 18.5%
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. 0.2% means about 2 in 1,000 comparable companies. The higher it is, the shorter the payment term to agree.
< 0.1%Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Sector median 0.7% (2,385 companies, NACE 33, micro)
Last 24 months11-2024: 0.2%12-2024: 0.2%● unchanged vs 11-202401-2025: 0.2%● unchanged vs 12-202402-2025: 0.2%● unchanged vs 01-202503-2025: 0.2%● unchanged vs 02-202504-2025: 0.2%● unchanged vs 03-202505-2025: 0.2%● unchanged vs 04-202506-2025: 0.2%● unchanged vs 05-202507-2025: 0.3%▲ +0.1 percentage points vs 06-202508-2025: 0.4%▲ +0.1 percentage points vs 07-2025highest value09-2025: 0.1%▼ -0.3 percentage points vs 08-202510-2025: 0.1%● unchanged vs 09-202511-2025: 0.1%● unchanged vs 10-202512-2025: 0.1%● unchanged vs 11-202501-2026: 0.1%● unchanged vs 12-202502-2026: 0.1%● unchanged vs 01-202603-2026: 0.1%● unchanged vs 02-202604-2026: 0.1%● unchanged vs 03-202605-2026: 0.1%● unchanged vs 04-202606-2026: 0.1%● unchanged vs 05-202607-2026: 0.1%● unchanged vs 06-202608-2026: 0.2%▲ +0.1 percentage points vs 07-202609-2026: < 0.1%▼ -0.2 percentage points vs 08-2026lowest value10-2026: < 0.1%● unchanged vs 09-2026lowest value
Credit of up to €70,000 on 30-day terms is acceptable
Liquidity ample (current ratio 4.92, compared with 3.77 in 2024, above the usual 1.5; short-term debt: 19.9% and cash: 24.5% of total assets), and 20.5% of the assets are financed with debt and provisions.
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 (NACE 33, micro): better than 91% on solvency, 72% on liquidity, 68% on profitability and 78% on growth.
The bankruptcy probability was computed on 20-10-2026 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).
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 64 days before the deadline; the sector median (NACE 33) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 20 August (4 of the last 5 filed years within 142 days of that day).
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€0.9m2025Equity€0.7m2025Debt€0.2m2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€0.7m2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin15.7%2025Return on assets (ROA)18.5%2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency79.5%2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio4.922025
Average staff in full-time equivalents (FTE).
Staff (FTE)4.52025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 33, Repair, maintenance and installation of machinery and equipment: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
Net result€0.009m-€0.02m▲ 99.6%-€0.007mbelow the sector's middle half€0.03mwithin the sector's middle half€0.03mwithin the sector's middle half▼ 3.2%€0.1mwithin the sector's middle half▲ 332%€0.1mwithin the sector's middle half▼ 20.2%€0.2mwithin the sector's middle half▲ 71.4%
EBIT margin15.8%14.2%▼ 1.6pp15.7%▲ 1.5pp
Equity€0.3m-€0.3m▲ 5.8%€0.3mwithin the sector's middle half▼ 2.1%€0.4mwithin the sector's middle half▲ 9.0%€0.3mabove the sector's middle half▼ 6.1%€0.5mwithin the sector's middle half▲ 36.8%€0.6mwithin the sector's middle half▲ 21.5%€0.7mwithin the sector's middle half▲ 30.3%
Total assets€0.5m-€0.5m▼ 12.4%€0.5mwithin the sector's middle half▼ 2.8%€0.5mwithin the sector's middle half▲ 9.1%€0.7mabove the sector's middle half▲ 35.6%€0.9mwithin the sector's middle half▲ 28.6%€0.8mwithin the sector's middle half▼ 12.1%€0.9mwithin the sector's middle half▲ 19.1%
Working capital€0.3m-€0.3m▲ 6.0%€0.3mwithin the sector's middle half▼ 2.2%€0.4mwithin the sector's middle half▲ 9.1%€0.3mabove the sector's middle half▼ 7.9%€0.5mwithin the sector's middle half▲ 37.5%€0.5mwithin the sector's middle half▲ 20.6%€0.7mwithin the sector's middle half▲ 30.6%
Solvency58.7%-70.9%▲ 12.2pp71.4%above the sector's middle half▲ 0.5pp71.3%above the sector's middle half▼ 0.1pp49.4%within the sector's middle half▼ 21.9pp52.6%within the sector's middle half▲ 3.1pp72.6%above the sector's middle half▲ 20.1pp79.5%above the sector's middle half▲ 6.8pp
Current ratio2.42-3.45▲ 1.033.50above the sector's middle half▲ 0.053.50above the sector's middle half▼ 0.012.04within the sector's middle half▼ 1.462.15within the sector's middle half▲ 0.113.77above the sector's middle half▲ 1.624.92above the sector's middle half▲ 1.15
Return on assets (ROA)1.7%-3.9%▲ 2.2pp-1.5%below the sector's middle half▼ 5.4pp5.9%within the sector's middle half▲ 7.4pp4.2%within the sector's middle half▼ 1.7pp14.1%above the sector's middle half▲ 9.9pp12.8%within the sector's middle half▼ 1.3pp18.5%above the sector's middle half▲ 5.6pp
Staff (FTE)2-2=1.9below the sector's middle half▼ 5.0%2below the sector's middle half▲ 5.3%2.1▲ 5.0%2.5below the sector's middle half▲ 19.0%2.5below the sector's middle half=4.5below the sector's middle half▲ 80.0%
abovewithinbelowthe middle half of NACE 33, Repair, maintenance and installation of machinery and equipment: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €909,975
97.9%
Fixed assets€18,768 ▼ 22.3%
Current assets€891,207 ▲ 20.4%
Equity and liabilities €909,975
79.5%
20.5%
Equity€723,365 ▲ 30.3%
Debt€186,610 ▼ 10.7%
Debt's share of the balance-sheet total falls from 27.4% to 20.5%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€239,550▲
2024 · €150,483
Cash flow
€176,575▲
2024 · €105,251
Quick ratio
2.48▲
2024 · 1.26
Debt to equity
0.26▼
2024 · 0.38
ROE
23.2%▲
2024 · 17.7%
Interest coverage
61.72▲
2024 · 20.15
Debt ≤ 1 year
€181,010▼
2024 · €196,307
Debt > 1 year
€5,600▼
2024 · €12,026
Income taxes
€58,912▲
2024 · €35,118
Staff costs
€274,281▲
2024 · €177,890
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observation
Peer companies
What happened to companies that once looked just like this one does now. It describes the group, not this company: the figures are counted, not predicted.
Of the 31,372 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93.5% are still going.
Micro
20 years or older
solvency 30% or more
a profit of 5% of the balance sheet or more
0.5%went bankrupt
5.9%stopped otherwise
93.5%still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.
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%.
The companies in ten equal groups, from lowest to highest expected share.
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 31,372 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.
Annual accounts
Filed annual accountsAs filed with the NBB · 2025 against 2024 · 61 lines
Balance sheetCode20242025
Assets
Total assets20/58€0.8m€0.9m▲
Fixed assets21/28€0.02m€0.02m▼
Tangible fixed assets22/27€0.02m€0.02m▼
Furniture and vehicles24€0.02m€0.02m▼
Current assets29/58€0.7m€0.9m▲
Stocks and contracts in progress3€0.5m€0.4m▼
Stocks30/36€0.5m€0.4m▼
Goods purchased for resale34€0.5m€0.4m▼
Amounts receivable within one year40/41€0.1m€0.2m▲
Trade receivables40€0.1m€0.2m▲
Other amounts receivable41€0.02m€0.01m▼
Cash at bank and in hand54/58€0.1m€0.2m▲
Deferred charges and accrued income490/1€0€0.002m▲
Equity and liabilities
Total equity and liabilities10/49€0.8m€0.9m▲
Equity10/15€0.6m€0.7m▲
Contributions10/11€0.02m€0.02m=
Reserves13€0.5m€0.7m▲
Distributable reserves133€0.5m€0.7m▲
Amounts payable17/49€0.2m€0.2m▼
Amounts payable after more than one year17€0.01m€0.006m▼
Financial debts170/4€0.01m€0.006m▼
Credit institutions173€0.01m€0.006m▼
Amounts payable within one year42/48€0.2m€0.2m▼
Current portion of amounts payable after more than one year42€0.006m€0.006m▲
Trade debts44€0.07m€0.1m▲
Suppliers440/4€0.07m€0.1m▲
Advances received on contracts in progress46€0.02m€0▼
Taxes, remuneration and social security45€0.02m€0.05m▲
Taxes450/3€0.007m€0.02m▲
Remuneration and social security454/9€0.01m€0.03m▲
Other amounts payable47/48€0.08m€0▼
Accrued charges and deferred income492/3€0.001m€0▼
Income statementCode20242025
Operating income70/76A€1.0m€1.5m▲
Turnover70€1.0m€1.5m▲
Other operating income74€0.003m€0.008m▲
Operating charges60/66A€0.9m€1.2m▲
Goods for resale, raw materials and consumables60€0.6m€0.8m▲
Purchases600/8€0.5m€0.8m▲
Change in stocks: decrease (increase)609€0.05m€0.05m▲
Services and other goods61€0.1m€0.1m▲
Remuneration, social security and pensions62€0.2m€0.3m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.007m€0.008m▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0.005m€0▼
Other operating charges640/8€0.001m€0.001m▲
Operating profit (loss)9901€0.1m€0.2m▲
Financial income75/76B€236€0.001m▲
Recurring financial income75€236€0.001m▲
Other financial income752/9€236€0.001m▲
Financial charges65/66B€0.01m€0.005m▼
Recurring financial charges65€0.01m€0.005m▼
Debt charges650€0.007m€0.004m▼
Other financial charges652/9€0.003m€0.002m▼
Profit (loss) for the period before taxes9903€0.1m€0.2m▲
Income taxes67/77€0.04m€0.06m▲
Taxes670/3€0.04m€0.06m▲
Profit (loss) for the period9904€0.1m€0.2m▲
Profit (loss) for the period to be appropriated9905€0.1m€0.2m▲
Appropriation of the result
Profit (loss) to be appropriated9906€0.1m€0.2m▲
Transfer to equity691/2€0.1m€0.2m▲
To other reserves6921€0.1m€0.2m▲
Social balance sheet
Average headcount (FTE)90872.54.5▲
The notes to these accounts (49 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Line
2018
2019
2020
2021
2022
2023
2024
2025
Change
Operating income70/76A
-
-
-
-
-
€1.1m
€1.0m
€1.5m
▲ 46.8%
Turnover70
-
-
-
-
-
€1.1m
€1.0m
€1.5m
▲ 46.4%
Other operating income74
-
-
-
-
-
€0.007m
€0.003m
€0.008m
▲ 173%
Operating charges60/66A
-
-
-
-
-
€0.9m
€0.9m
€1.2m
▲ 44.4%
Goods for resale, raw materials and consumables60
-
-
-
-
-
€0.6m
€0.6m
€0.8m
▲ 50.6%
Purchases600/8
-
-
-
-
-
€0.7m
€0.5m
€0.8m
▲ 54.2%
Change in stocks: decrease (increase)609
-
-
-
-
-
-€0.2m
€0.05m
€0.05m
▲ 11.1%
Services and other goods61
-
-
-
-
-
€0.1m
€0.1m
€0.1m
▲ 8.3%
Remuneration, social security and pensions62
-
-
-
-
€0.1m
€0.2m
€0.2m
€0.3m
▲ 54.2%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630
€0.004m
€363
-
-
€0.002m
€0.007m
€0.007m
€0.008m
▲ 17.5%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4
-
-
-
-
-
-
€0.005m
€0
▼ 100%
Other operating charges640/8
-
-
-
-
€0.001m
€0.001m
€0.001m
€0.001m
▲ 44.5%
Gross operating margin9900
€0.1m
€0.2m
€0.1m
€0.2m
€0.2m
-
-
-
-
Operating profit (loss)9901
€0.02m
€0.03m
-€0.008m
€0.04m
€0.04m
€0.2m
€0.1m
€0.2m
▲ 61.3%
Financial income75/76B
-
-
-
-
€0.001m
€0.001m
€236
€0.001m
▲ 467%
Recurring financial income75
€328
€0.001m
€0.001m
€0.001m
€0.001m
€0.001m
€236
€0.001m
▲ 467%
Other financial income752/9
-
-
-
-
-
€0.001m
€236
€0.001m
▲ 467%
Financial charges65/66B
-
-
-
-
€0.004m
€0.005m
€0.01m
€0.005m
▼ 47.8%
Recurring financial charges65
€0.002m
€0.003m
€0.003m
€0.002m
€0.004m
€0.005m
€0.01m
€0.005m
▼ 47.8%
Debt charges650
-
-
-
-
-
€0.003m
€0.007m
€0.004m
▼ 48.0%
Other financial charges652/9
-
-
-
-
-
€0.002m
€0.003m
€0.002m
▼ 47.3%
Profit (loss) for the period before taxes9903
€0.01m
€0.03m
-€0.007m
€0.04m
€0.04m
€0.2m
€0.1m
€0.2m
▲ 70.5%
Income taxes67/77
€0.005m
€0.009m
€136
€0.008m
€0.01m
€0.04m
€0.04m
€0.06m
▲ 67.8%
Taxes670/3
-
-
-
-
-
€0.04m
€0.04m
€0.06m
▲ 67.8%
Profit (loss) for the period9904
€0.009m
€0.02m
-€0.007m
€0.03m
€0.03m
€0.1m
€0.1m
€0.2m
▲ 71.4%
Profit (loss) for the period to be appropriated9905
€0.009m
€0.02m
-€0.007m
€0.03m
€0.03m
€0.1m
€0.1m
€0.2m
▲ 71.4%
Line
2018
2019
2020
2021
2022
2023
2024
2025
Change
Assets
Total assets20/58
€536,416
€469,958
€457,004
€498,786
€676,328
€869,647
€764,259
€909,975
▲ 19.1%
Fixed assets21/28
€363
-
-
-
€31,838
€25,117
€24,150
€18,768
▼ 22.3%
Tangible fixed assets22/27
€363
-
-
-
€31,838
€25,117
€24,150
€18,768
▼ 22.3%
Furniture and vehicles24
-
-
-
-
€31,838
€25,117
€24,150
€18,768
▼ 22.3%
Current assets29/58
€536,053
€469,958
€457,004
€498,786
€644,490
€844,530
€740,109
€891,207
▲ 20.4%
Stocks and contracts in progress3
€275,132
€285,593
€283,887
€352,533
€382,467
€539,195
€493,411
€442,550
▼ 10.3%
Stocks30/36
-
-
-
-
€382,467
€539,195
€493,411
€442,550
▼ 10.3%
Goods purchased for resale34
-
-
-
-
-
€539,195
€493,411
€442,550
▼ 10.3%
Amounts receivable within one year40/41
€217,470
€119,566
€116,467
€90,586
€179,702
€211,061
€136,189
€224,018
▲ 64.5%
Trade receivables40
-
-
-
-
€178,446
€198,223
€111,922
€210,727
▲ 88.3%
Other amounts receivable41
-
-
-
-
€1,256
€12,838
€24,267
€13,292
▼ 45.2%
Cash at bank and in hand54/58
€43,451
€64,799
€56,650
€55,667
€81,844
€89,544
€110,510
€222,626
▲ 101%
Deferred charges and accrued income490/1
-
-
-
-
€477
€4,731
€0
€2,013
-
Equity and liabilities
Total equity and liabilities10/49
€536,416
€469,958
€457,004
€498,786
€676,328
€869,647
€764,259
€909,975
▲ 19.1%
Equity10/15
€315,112
€333,318
€326,469
€355,823
€334,252
€457,102
€555,196
€723,365
▲ 30.3%
Contributions10/11
€18,600
€18,600
-
-
€18,600
€18,600
€18,600
€18,600
=
Reserves13
€295,860
€313,860
€307,869
€337,223
€315,652
€438,502
€536,596
€704,765
▲ 31.3%
Non-distributable reserves130/1
-
-
-
-
€1,860
€0
-
-
-
Reserves not available under the articles1311
-
-
-
-
€1,860
€0
-
-
-
Distributable reserves133
-
-
-
-
€313,792
€438,502
€536,596
€704,765
▲ 31.3%
Profit (loss) carried forward14
€652
€858
€652
-
€0
-
-
-
-
Amounts payable17/49
€221,304
€136,640
€130,536
€142,962
€342,076
€412,544
€209,062
€186,610
▼ 10.7%
Amounts payable after more than one year17
-
-
-
-
€23,967
€18,144
€12,026
€5,600
▼ 53.4%
Financial debts170/4
-
-
-
-
€23,967
€18,144
€12,026
€5,600
▼ 53.4%
Credit institutions173
-
-
-
-
-
€18,144
€12,026
€5,600
▼ 53.4%
Amounts payable within one year42/48
€221,304
€136,299
€130,536
€142,701
€316,625
€393,565
€196,307
€181,010
▼ 7.8%
Current portion of amounts payable after more than one year42
-
-
-
-
€5,548
€5,823
€6,118
€6,425
▲ 5.0%
Trade debts44
€72,231
€88,819
€71,612
€112,270
€99,851
€116,180
€74,044
€125,566
▲ 69.6%
Suppliers440/4
-
-
-
-
€99,851
€116,180
€74,044
€125,566
▲ 69.6%
Advances received on contracts in progress46
-
-
-
-
€45,003
€5,120
€21,982
€0
▼ 100%
Taxes, remuneration and social security45
-
-
-
-
€41,224
€39,480
€18,934
€49,019
▲ 159%
Taxes450/3
-
-
-
-
€22,229
€8,443
€7,128
€17,123
▲ 140%
Remuneration and social security454/9
-
-
-
-
€18,994
€31,037
€11,806
€31,896
▲ 170%
Other amounts payable47/48
-
-
-
-
€125,000
€226,963
€75,229
€0
▼ 100%
Accrued charges and deferred income492/3
-
-
-
-
€1,484
€835
€729
€0
▼ 100%
Line
2018
2019
2020
2021
2022
2023
2024
2025
Change
Profit (loss) for the period9904
€9,121
€18,206
-€6,849
€29,355
€28,428
€122,851
€98,094
€168,169
▲ 71.4%
+ Depreciation and write-downs630
€4,256
€363
-
-
€1,768
€6,721
€7,157
€8,406
▲ 17.5%
Operating cash flow (approximation)
€13,377
€18,569
-€6,849
€29,355
€30,196
€129,572
€105,251
€176,575
▲ 67.8%
Investment in fixed assets (approximation)
-
-
-
-
-
€0
-€6,190
-€3,025
▲ 51.1%
Change in cash
-
€21,348
-€8,149
-€983
€26,177
€7,700
€20,966
€112,116
▲ 435%
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Of the 1,204 active companies whose main activity is installation of industrial machinery and equipment (NACE 33200), figures are known for 690. 411 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
Flemish government
Flemish government
Subsidies and aid from the Flemish government to this company. Public aid says something about projects and the obligations that come with it.
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
Directors
Who runs the company today and since when, grouped the way the KBO groups its office holders. Many recent board changes are a reason to keep a close eye.
1 director, 1 in day-to-day management, last change in 2026
Not every act has been read: a resignation may still be missing
7 of this company's 12 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.
Mandate history
Mandate history
Who held which function and when, per person: one bar per period, from appointment to resignation or to today. An open left edge means the mandate began before the oldest act we hold.
Sources: the companies' annual accounts, 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.
The company's story in a few sentences, from the company register, the Belgian Official Gazette and the filed annual accounts. Each number opens the document the sentence rests on.
SETEC was incorporated on 21 January 1994.1Turnover grew from €1.1m in 2023 to €1.5m in 2025 and headcount from 2 full-time equivalents in 2018 to 4.5 in 2025.2
4 profitable years in a row build equity to €555,196.
29-08
NBB filingAnnual accounts filed
financial year 2023 · full format · 29 days late
03-07
Gazette deedAppointment: Grant Thornton Bedrijfsrevisoren BV (statutory auditor)
Shareholding4 facts ▸
General meeting, 14-05-2024
Auditor appointment, Grant Thornton Bedrijfsrevisoren BV (statutory auditor)
Auditor appointment, Grant Thornton Bedrijfsrevisoren BV (contractuele audit)
Shareholding, enige aandeelhouder
15-03
Gazette deedAmendment of the articles
2 facts ▸
General meeting, “buitengewone algemene vergadering” (deed in Dutch)
Amendment of the articles, 14
22-01
Gazette deedPermanent representatives: VAN VOOREN Bart, FOSTIER Geert and MONBALLIEU Ruben
Amendment of the articles · Capital conversion · Reserve release16 facts ▸
General meeting, 19-12-2023
Amendment of the articles (2 times)
Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
Reserve release, “geheel opheffen, middelen beschikbaar voor uitkering” (deed in Dutch)
Capital
Other provision, “statutair onbeschikbaar eigen vermogen” (deed in Dutch)
Board composition, AL SOFT (director (not named in the articles))
Permanent representative, VAN VOOREN Bart
Board composition, MAHLER CONSULTING (director (not named in the articles))
Permanent representative, FOSTIER Geert
Board composition, CRISTALLO TOPCO (director (not named in the articles))
Permanent representative, MONBALLIEU Ruben
+4 further facts in this act
2023
31-03
NBB filingAnnual accounts filed
financial year 2022 · micro format
2022
18-03
NBB filingAnnual accounts filed
financial year 2021 · abbreviated format
Show earlier events
2021
31-12
FinancialBack to profitnet €29,355
Net result €29,355 after one loss-making year.
09-04
NBB filingAnnual accounts filed
financial year 2020 · abbreviated format
2020
31-12
FinancialWeakest financial yearnet -€6,849
Net result drops to -€6,849, the lowest in the series; recovery starts the following year.
06-03
NBB filingAnnual accounts filed
financial year 2019 · abbreviated format
2019
05-07
NBB filingAnnual accounts filed
financial year 2018 · abbreviated format
2018
03-07
NBB filingAnnual accounts filed
financial year 2017 · abbreviated format
2017
03-07
NBB filingAnnual accounts filed
financial year 2016 · abbreviated format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 32 annual accounts filed, the latest 10 are here; all 32 are under Financials.
5 of 12 deeds read
About the unread acts
Of the 12 Belgian Official Gazette deeds we know for this company, 5 have been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
Scores and ratios are computed by Checked and are not a credit decision.
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, with enterprise number
0452.022.671
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Location & real estate
Where the company is based and which parcels are linked to its addresses. An address shared by many companies is often a registered-office service.
Other provisionsOther rules from the articles that fall under none of the themes above.
Other provision: “Alle handelingen nodig of dienstig tot verwezenlijking voorwerp, bevoegdheid bestuurder” (deed in Dutch)
Other provision: “Aanwending te bestemmen resultaat na aftrek overgedragen verliezen bepaald door algemene vergadering op voorstel bestuursorgaan met…” (deed in Dutch)