Financials
- Financial year
- 2025
- Total assets
- €139,887
- Loss
- -€24,208
- Solvency
- -36.1%
Total assets▼ 16.1%
Net result
20182025
SETHALYS
ActiveSummary
The computed 12-month bankruptcy probability of SETHALYS is 5.0% (elevated). The 2025 annual accounts show negative equity (-€50,483) and a net result of -€24,208. Equity is growing by about 7.4% per year across the filed financial years. Its solvency ranks better than 13% of 13,660 sector peers (NACE 46, financial year 2025). The company has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Wholesale trade
NACE 46360Retail sale of other household articles NACE 47559
1 site
Size
≈ €280,000turnover 2025, estimated
- Staff
- 1.8 FTE
- Equity
- -€50,483
- Loss
- -€24,208
Turnover estimated from the gross margin
Structure
2025 accounts filed 60 days late2 of 7 deeds summarised
Why 36raises riskLoss of €24,208 (financial year 2025)1 change of registered office in 24 monthsLast filed accounts filed 60 days late; 2 of the last 3 lateNegative equity -€50,483Show the evidence
Checked score
Score 2025
36
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 19% of its sector peers (NACE 46, micro)
Financial strength · tick = 2024
Weak
Solvency
0-9
equity -36.1% of total assets
Liquidity
55+4
short-term debt 12.3% · cash 5.1%
Profitability
0-77
return on assets -17.3%
Bankruptcy probability, 12 months
5.0%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 1.1%
12-2024: 1.1%● unchanged vs 11-2024
01-2025: 1.1%● unchanged vs 12-2024
02-2025: 1.1%● unchanged vs 01-2025
03-2025: 1.0%▼ -0.1 percentage points vs 02-2025
04-2025: 1.0%● unchanged vs 03-2025
05-2025: 1.0%● unchanged vs 04-2025
06-2025: 1.0%● unchanged vs 05-2025lowest value
07-2025: 1.1%▲ +0.1 percentage points vs 06-2025
08-2025: 1.5%▲ +0.4 percentage points vs 07-2025
09-2025: 1.8%▲ +0.3 percentage points vs 08-2025
10-2025: 2.3%▲ +0.5 percentage points vs 09-2025
11-2025: 1.4%▼ -0.9 percentage points vs 10-2025
12-2025: 1.4%● unchanged vs 11-2025
01-2026: 1.4%● unchanged vs 12-2025
02-2026: 1.4%● unchanged vs 01-2026
03-2026: 1.3%▼ -0.1 percentage points vs 02-2026
04-2026: 1.4%▲ +0.1 percentage points vs 03-2026
05-2026: 1.3%▼ -0.1 percentage points vs 04-2026
06-2026: 1.3%● unchanged vs 05-2026
07-2026: 1.4%▲ +0.1 percentage points vs 06-2026
08-2026: 4.1%▲ +2.7 percentage points vs 07-2026
09-2026: 4.7%▲ +0.6 percentage points vs 08-2026
10-2026: 5.0%▲ +0.3 percentage points vs 09-2026highest value
No credit on open account
Liquidity ample (current ratio 4.04, compared with 4.89 in 2024, above the usual 1.5; short-term debt: 12.3% and cash: 5.1% of total assets), but equity is negative.
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 46, micro): better than 6% on solvency, 61% on liquidity, 6% on profitability and 5% on growth.
The bankruptcy probability was computed on 28-10-2026 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
Six signals.
raises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€50,483
raises risk · 2025 accounts filed 60 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-09-2026, 60 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.
NBB · 10 filingsDeviation from the deadline
2025
60 days late
2024
61 days late
2023
30 days late
2022
31 days late
2021
81 days late
2020
89 days late
2019
93 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 64 days after the deadline; the sector median (NACE 46) 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 29 September (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
29-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · micro…
- Registered officeRegistered-office move
- Weakest financial yearnet -€24,208
Key points
By topic
Timeline
- Events
- 19
- Since
- 2013
- Next accounts
- by 31-07-2027
- 30-09-2025Annual accounts filed
- 31-12-2024Highest result from 2018 to 2025
- 03-12-2024Amendment of the articles · Legal-form change…
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Wholesale tradeNACE 46360
- Founded
- 14-04-2011
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 28
- Annual meeting
- First Friday of June at 11:00
- Purpose
- “De groothandel in suiker, chocolade en suikerwerk; De groothandel in kantoor- en…” (deed in Dutch)
Key facts about SETHALYS
- What is the company number of SETHALYS?
- 0835.954.314. In Belgium the VAT number is the company number with BE in front: BE 0835.954.314.
- Where is SETHALYS based?
- The registered office is at Oosterlinckhoflaan 17, 2180 Antwerpen.Company details
- What does SETHALYS do?
- According to the KBO register, the main activity is wholesale trade (NACE 46360).
- What is the legal form of SETHALYS?
- Private limited company (BV).
- When was SETHALYS founded?
- On 14-04-2011.
- Is SETHALYS still active?
- Yes, SETHALYS is an active enterprise in the KBO register.
- How many employees does SETHALYS have?
- On average 1.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of SETHALYS?
- Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
- Is SETHALYS profitable?
- In financial year 2025, SETHALYS made a loss of €24,208.
- Where can I find the annual accounts of SETHALYS?
- SETHALYS filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SETHALYS due?
- By 31-07-2027, for financial year 2026.Timeline
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