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Setec

Active Private limited companyfounded 2023active for 3 yearsStationsstraat 40, 3380 GlabbeekKBO/BCE: BE 1000.236.878
Setec
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Overview

Lifetime

2 annual accounts with figures on one time axis
peak €54,003 (2025)
€54,003▲ 4.4%
peak €34,372 (2025)
€34,372▲ 6.7%
peak €67,890 (2025)
€67,890▲ 97.6%
€24,013▼ 40.3%
Board1 name since 2023
1 director
Documentsfilings and deeds
27-07-20264 days before the deadline
2025micro format
Registered office moved within Glabbeek 16-09Dividend €833Equity from €34,351 to €67,890Debts from €40,197 to €24,013

Key points

from the 2025 annual accounts

Equity

€67,890 ▲ 97.6%
34,3512024+34,372Profit-833Dividend67,8902025

Setec paid out €833 in dividends. That is 2% of the 2025 profit.

Turnover

≈ €210,000 estimated

The micro format states no turnover.

Liquidity

3.24 was 1.50 in 2024

Short-term debts fell from €35,265 to €24,013.

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 39,274 companies had the same profile as Setec has now. Each dot stands for 99 companies, two years later.

95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

Another 0.1% 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.

The companies in ten equal groups, from the lowest to the 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% 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 39,274 companies, not a prediction for Setec. 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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Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Board and ownership

Director
  • 100 sharesdeed of 27-09-2023
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:1000236878
Registered office moved within Glabbeek New registered office: Stationsstraat 40, 3380 Glabbeek · Previous registered office: Kerkstraat 2B, 3381 Glabbeek · General meeting of 04-07-2025 · Gazette deed
Incorporation Founding capital of €3,000, 100 shares · Founder: · Appointment: (director) · published on 27-09-2023 · Gazette deed
First establishment Stationsstraat 40, Glabbeek
All 7 events

Comparable companies

same main activity, similar in size and age
Company
Setec Glabbeek €91,903 €54,003 73.9% -
ATLS Chauffage Zaventem €89,791 €48,536 50.2% -
SANSIB GROUP Zaventem €90,328 €56,200 48.7% -
MSD TECHNICS Affligem €85,931 €47,881 70.8% -
K2O Marche-en-Famenne €104,070 €49,793 36.4% -
SEBS CHAUFFAGE Pont-à-Celles €102,000 €52,136 88.3% -
IC Technics Staden €89,968 €43,777 56.1% -

These companies have the same main activity as Setec: installation of electric heating, air conditioning, cooling and ventilation (NACE 43222). They are comparable in size and age: total assets between €85,900 and €104,000, founded between 2023 and 2024.

Official details

Source: KBO
Status
Active since 25-09-2023Normal situation
Activity
Installation of electric heating, air conditioning, cooling and ventilationNACE 43222
Establishment unit
2.349.703.9473380 Glabbeek, since 25-09-2023
Financial year end
31 December
Peppol
Reachable since 03-12-2025
Company details

Annual accounts 2025

€54,003▲ 4.4%
€34,372▲ 6.7%
€67,890▲ 97.6%
€91,903▲ 23.3%
Filing
Filed on 27-07-2026, 4 days before the end of the filing period
Financials

Insights on Setec

Setec has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €67,890 and a net result of €34,372.

Its solvency ranks better than 79% of 37,177 sector peers (NACE 43, financial year 2025).

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 27-07-2026, 4 days before the deadline
€54,003
▲ 4.4%
€44,615
▲ 6.5%
€34,372
▲ 6.7%
€53,896
▲ 207%
73.9%
▲ 27.8 percentage points
3.24
▲ 1.75

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €210,000. Estimated: probably between €160,000 and €290,000.

Balance sheet

balance sheet total €91,903 on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

73.9%

Higher than 79% of 37,177 companies in 2025.

3.24

Higher than 74% of 36,472 companies in 2025.

37.4%

Higher than 91% of 36,707 companies in 2025.

Setec Middle half of the sector 80% of the sector Micro accounts in specialised construction (NACE 43)

Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024
Balance sheet: assets
20/58 91,90374,548
21/28 13,99421,747
21 52103
22/27 13,94221,643
23 7,92410,544
24 6,01811,099
29/58 77,90952,801
3 14,14610,289
30/36 14,14610,289
40/41 15,83012,534
40 4,147818
41 11,68311,715
54/58 34,35729,201
490/1 13,575778
Balance sheet: equity and liabilities
10/49 91,90374,548
10/15 67,89034,351
10/11 3,0003,000
13 64,89031,351
133 64,89031,351
17/49 24,01340,197
17 -4,932
170/4 -4,932
42/48 24,01335,265
42 4,9325,103
44 3,65010,595
440/4 3,65010,595
45 14,45411,561
450/3 14,45411,561
47/48 9778,006
Income statement
9900 54,00351,750
630 8,7429,480
640/8 418388
66A 229-
9901 44,61541,882
75/76B 7452
75 7452
65/66B 1,3171,521
65 1,3171,521
9903 43,37340,413
67/77 9,0018,203
9904 34,37232,210
9905 34,37232,210
Appropriation of the result
9906 34,37232,210
691/2 33,53931,351
6921 33,53931,351
694/7 833859
694 833859
Document PDFPDF

The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 27-07-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 27-07-2026 2026-00344998 PDF
31-12-2024 micro format 07-07-2025 2025-00270589 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024
53,35751,362
43,11341,690
1,21731,227
5,156-
53,89617,537
73.9%46.1%
3.241.50
2.661.21
0.351.17
50.6%93.8%
37.4%43.2%
40.5333.78

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item20252024
Tangible fixed assets€1,217€31,071
Intangible fixed assets-€156
€8,742€9,480

Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)

Insights on Setec

The operating result for 2025 is 7% higher than in 2024.

Debt's share of the balance-sheet total falls from 53.9% to 26.1%. Equity is higher and debt is lower.

Board & ownership

Board

1 director, since incorporation
Director (not named in the articles)
appointed by deed of 27-09-2023 term without a fixed end
listed in the 2025 annual accounts, filed on 27-07-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 27-09-2023

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today

Director (not named in the articles)
Board
Mandates as a list
    • Director (not named in the articles), appointed by deed of 27-09-2023, still in office

See the board, name and registered office on a given date →

Control

Founder
This company
Setec
Equity €67,890
Profit €34,372 in 2025

Capital

Contribution
€3,000
Shares
100
Contribution per share
€30
Equity per share
€679 in 2025
Source
deed of 27-09-2023

Articles of association

deed of 27-09-2023 (in Dutch)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 1 director
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Friday of June at 20:00
Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
No statutory auditor

Shareholders

At incorporation deed of 27-09-2023 ↗
  • 100 shares (100%) · €3,000 in cash

Network & group

No group

Setec has no parent and no holdings in its annual accounts. is the only director. Setec shares no director with another company.

Timeline

Timeline

7 events since 2023

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 4 days before the deadline
2025
Liquidity more than doubled current ratio 3.24 The current ratio rises from 1.50 to 3.24. Short-term debt falls from €35,265 to €24,013.
Registered in the Peppol Directory Reachable for e-invoices through 0208:1000236878
Registered office moved within GlabbeekNew registered office: Stationsstraat 40, 3380 Glabbeek · Previous registered office: Kerkstraat 2B, 3381 Glabbeek · General meeting of 04-07-20252 points ▸
  • General meeting, 04-07-2025
  • Registered-office move, Stationsstraat 40, 3380 Glabbeek

Open the deed in the Belgian Official Gazette

Annual accounts 2024 filed PDFmicro format · 24 days before the deadline
2023
IncorporationFounding capital of €3,000, 100 shares · Founder: · Appointment: (director) · published on 27-09-20236 points ▸
  • Founder,
  • Founding capital, €3,000, 100 shares
  • 100 shares
  • Registered office clause, Kerkstraat 2/B, 3381 Glabbeek (Kapellen)
  • Board rule, 1
  • Director appointment, (director (not named in the articles))
  • The deed holds 2 more points.

Open the deed in the Belgian Official Gazette

First establishment Stationsstraat 40, Glabbeek

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

Setec was incorporated on 25 September 2023 as a private limited company by one natural person, with a starting capital of €3,000.12 The registered office was moved to Glabbeek in 2025.3 is director of the company, appointed by deed of 27-09-2023.2

  1. 1KBO register
  2. 2Belgian Official Gazette, 27-09-2023
  3. 3Belgian Official Gazette, 16-09-2025

Company details

Identity

Enterprise number
1000.236.878
VAT number
BE 1000.236.878
Peppol ID
0208:1000236878
Legal form
Private limited company
Status
Active, normal situation
Founded
25-09-2023
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Friday of June at 20:00
deed of 27-09-2023 (in Dutch)
Peppol
Reachable since 03-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
Setec in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 27-09-2023 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 27-09-2023 (in Dutch)

Activities

NACEBEL 2025
43222 Installation of electric heating, air conditioning, cooling and ventilation main activity
Codes under NACEBEL 2008
43222 Specialised construction activities main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Installatie van verwarming,klimaatregeling en ventilatie; Elektrotechnische installatiewerken aan gebouwen; Bouw van speel- en…”
26 activities
  1. Installatie van verwarming,klimaatregeling en ventilatie
  2. Elektrotechnische installatiewerken aan gebouwen
  3. Bouw van speel- en sportterreinen,zwembaden,enz.
  4. Installatie van elektrische bedrading en toebehoren
  5. Installatie van de bedrading voor telefooninstallaties en computersystemen
  6. Loodgieterswerk
  7. Installatie van elektrische verwarmingsinstallaties
  8. Overige installaties
  9. Overige werkzaamheden in verband met de afwerking van gebouwen
  10. Overige gespecialiseerde bouwwerkzaamheden
  11. Installatie van particuliere zwembaden
  12. Uitwerking en realisatie van projecten op het gebied van de elektriciteit en elektronica,mijnbouw,chemie,machine- en werktuigbouw,industriële systeemontwikkeling,veiligheid,enz.
  13. Uitwerking van projecten op het gebied van klimaatbeheersing,koeltechniek,zuivering en voorkomen van pollutie,akoestiek,enz.
  14. Vervaardiging van metalen constructiewerken en delen daarvan
  15. Vervaardiging van wisselstroommotoren
  16. Vervaardiging van wisselstroomgeneratoren
  17. Vervaardiging van elektrische transformatoren
  18. Vervaardiging van koeltoonbanken
  19. Vervaardiging van machines en apparaten voor de klimaatregeling in besloten ruimten(airconditioning)
  20. Vervaardiging van warmtewisselaars
  21. Vervaardiging van ventilatoren
  22. Warmtebehandeling van metaal
  23. Onderneming in onroerende goederen,welke onder meer omvat: de verwerving,de vervreemding,het beheer,de borgstelling,de uitbating,de valorisatie,de verkaveling,de ordening,de huur en de verhuur,het doen bouwen en verbouwen,evenals alle weldanige onroerende verhandelingen in de meest brede zin,met inbegrip van onroerende leasing;
  24. Onderneming voor het beheer van eigen beleggingen en vermogens;
  25. De participatie onder welke vorm ook zij,in de oprichting,ontwikkeling,omvorming en controle van alle ondernemingen,Belgische of buitenlandse,commerciële,financiële,industriële of andere; de verwerving voor eigen rekening van eender welke titels of rechten door middel van participatie,inbreng,onderschrijving,koop op vaste levering of aankoopopties,verhandeling,of op iedere andere wijze;
  26. De vennootschap kan de functie van bestuurder,zaakvoerder,directeur of vereffenaar van andere vennootschappen uitoefenen.
deed of 27-09-2023 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Stationsstraat 40 registered office 3380 Glabbeek 25-09-2023 2.349.703.947
1 former office
  • Kerkstraat 2B, 3381 Glabbeek until 04-07-2025 · deed of 16-09-2025

Location

registered office establishment approximate The establishment unit on the map

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 1000.236.878

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