SETI
ActiveSummary
SETI has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €40k and a net result of €12k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 27% of 2566 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▼-4
Solvency39▲+4
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity ample (current ratio 42.51 against 11.29 in 2024; short-term debt: 1.6% and cash: 66.8% of total assets), but 85.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95)
about 19% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
14.2%
Return on assets
4.2%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €40k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
12 d late
2022
11 d late
2021
6 d early
2020
19 d early
2019
90 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€12k▼ 41.2%
2024 · €20k
2018: €12k
2019: €-22k▼ -277% vs 2018lowest in 8 years
2020: €-8k▲ +61.6% vs 2019
2021: €-13k▼ -54.7% vs 2020
2022: €-16k▼ -24.1% vs 2021
2023: €12k▲ +173% vs 2022
2024: €20k▲ +72.0% vs 2023highest in 8 years
2025: €12k▼ -41.2% vs 2024
2018 → 2025
Working capital
€187k▲ 35.8%
2024 · €138k
2018: €31klowest in 8 years
2019: €59k▲ +87.0% vs 2018
2020: €56k▼ -5.1% vs 2019
2021: €55k▼ -1.8% vs 2020
2022: €60k▲ +10.0% vs 2021
2023: €89k▲ +47.7% vs 2022
2024: €138k▲ +54.7% vs 2023
2025: €187k▲ +35.8% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€13k-€-3k€8k€29k▲ 239%€40k▲ 41.4%
2021: €13k
2022: €-3k▼ -126% vs 2021lowest in 5 years
2023: €8k▲ +357% vs 2022
2024: €29k▲ +239% vs 2023
2025: €40k▲ +41.4% vs 2024highest in 5 years
Operating result€-10k-€-15k▼ 40.6%€12k€20k▲ 66.8%€14k▼ 31.4%
2021: €-10k
2022: €-15k▼ -40.6% vs 2021lowest in 5 years
2023: €12k▲ +184% vs 2022
2024: €20k▲ +66.8% vs 2023highest in 5 years
2025: €14k▼ -31.4% vs 2024
Net result€-13k-€-16k▼ 24.1%€12k€20k▲ 72.0%€12k▼ 41.2%
2021: €-13k
2022: €-16k▼ -24.1% vs 2021lowest in 5 years
2023: €12k▲ +173% vs 2022
2024: €20k▲ +72.0% vs 2023highest in 5 years
2025: €12k▼ -41.2% vs 2024
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 31% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €284k
Fixed assets
€92k ▼ 28.9%
Current assets
€192k ▲ 26.8%
Equity and liabilities €284k
Equity
€40k ▲ 41.4%
Debt
€243k ▼ 3.5%
Debt's share of the balance-sheet total falls from 89.8% to 85.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€59k▼
2024 · €66k
Cash flow
€57k▼
2024 · €66k
Current ratio
42.51▲
2024 · 11.29
Quick ratio
42.17▲
2024 · 11.18
Debt to equity
6.02▼
2024 · 8.83
ROE
29.3%▼
2024 · 70.5%
ROA
4.2%▼
2024 · 7.2%
Interest coverage
28.25▼
2024 · 1063.36
Debt ≤ 1 year
€5k▼
2024 · €13k
Debt > 1 year
€239k=
2024 · €239k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€281k€284k▲
Fixed assets21/28€130k€92k▼
Tangible fixed assets22/27€130k€92k▼
Land and buildings22€68k€52k▼
Plant, machinery and equipment23€49k€33k▼
Furniture and vehicles24€13k€7k▼
Current assets29/58€151k€192k▲
Stocks and contracts in progress3€2k€2k=
Stocks30/36€2k€2k=
Amounts receivable within one year40/41€1k-
Trade receivables40€207-
Other amounts receivable41€888-
Cash at bank and in hand54/58€146k€190k▲
Deferred charges and accrued income490/1€2k€451▼
Equity and liabilities
Total equity and liabilities10/49€281k€284k▲
Equity10/15€29k€40k▲
Contributions10/11€250k€250k=
Capital10€250k-
Issued capital100€250k-
Reserves13€25k€25k=
Non-distributable reserves130/1€25k-
Legal reserve130€25k-
Distributable reserves133-€25k
Profit (loss) carried forward14€-246k€-235k▲
Amounts payable17/49€252k€243k▼
Amounts payable after more than one year17€239k€239k=
Financial debts170/4-€200k
Other amounts payable178/9€239k€39k▼
Amounts payable within one year42/48€13k€5k▼
Trade debts44€11k€3k▼
Suppliers440/4€11k€3k▼
Taxes, remuneration and social security45€3k€2k▼
Taxes450/3€3k€2k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€46k€45k▼
Other operating charges640/8€3k€3k▼
Non-recurring operating charges66A€450-
Gross operating margin9900€70k€61k▼
Operating profit (loss)9901€20k€14k▼
Financial income75/76B-€6
Recurring financial income75-€6
Financial charges65/66B€62€2k▲
Recurring financial charges65€62€2k▲
Profit (loss) for the period before taxes9903€20k€12k▼
Income taxes67/77€75-
Profit (loss) for the period9904€20k€12k▼
Profit (loss) for the period to be appropriated9905€20k€12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-246k€-235k▲
Profit (loss) brought forward from the previous period14P€-267k€-246k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €8k | €2k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €55k | €56k | €55k | €46k | €45k | ▼ 2.1% |
| Other operating charges640/8 | €1k | €3k | €2k | €3k | €3k | ▼ 25.3% |
| Non-recurring operating charges66A | - | - | - | €450 | - | - |
| Gross operating margin9900 | €45k | €45k | €70k | €70k | €61k | ▼ 12.3% |
| Operating profit (loss)9901 | €-10k | €-15k | €12k | €20k | €14k | ▼ 31.4% |
| Financial income75/76B | - | - | €0 | - | €6 | - |
| Recurring financial income75 | - | - | €0 | - | €6 | - |
| Financial charges65/66B | €3k | €2k | €241 | €62 | €2k | ▲ 3,248% |
| Recurring financial charges65 | €3k | €2k | €241 | €62 | €2k | ▲ 3,248% |
| Profit (loss) for the period before taxes9903 | €-13k | €-16k | €12k | €20k | €12k | ▼ 41.4% |
| Income taxes67/77 | - | - | €204 | €75 | - | - |
| Profit (loss) for the period9904 | €-13k | €-16k | €12k | €20k | €12k | ▼ 41.2% |
| Profit (loss) for the period to be appropriated9905 | €-13k | €-16k | €12k | €20k | €12k | ▼ 41.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €340k | €293k | €261k | €281k | €284k | ▲ 1.0% |
| Fixed assets21/28 | €263k | €206k | €170k | €130k | €92k | ▼ 28.9% |
| Tangible fixed assets22/27 | €263k | €206k | €170k | €130k | €92k | ▼ 28.9% |
| Land and buildings22 | €173k | €125k | €90k | €68k | €52k | ▼ 23.0% |
| Plant, machinery and equipment23 | €76k | €72k | €58k | €49k | €33k | ▼ 31.9% |
| Furniture and vehicles24 | €13k | €9k | €22k | €13k | €7k | ▼ 48.1% |
| Current assets29/58 | €77k | €86k | €91k | €151k | €192k | ▲ 26.8% |
| Stocks and contracts in progress3 | - | - | €1k | €2k | €2k | = |
| Stocks30/36 | - | - | €1k | €2k | €2k | = |
| Amounts receivable within one year40/41 | - | €1k | €196 | €1k | - | - |
| Trade receivables40 | - | - | - | €207 | - | - |
| Other amounts receivable41 | - | €1k | €196 | €888 | - | - |
| Cash at bank and in hand54/58 | €65k | €73k | €87k | €146k | €190k | ▲ 29.8% |
| Deferred charges and accrued income490/1 | €12k | €12k | €2k | €2k | €451 | ▼ 81.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €340k | €293k | €261k | €281k | €284k | ▲ 1.0% |
| Equity10/15 | €13k | €-3k | €8k | €29k | €40k | ▲ 41.4% |
| Contributions10/11 | €250k | €250k | €250k | €250k | €250k | = |
| Capital10 | €250k | €250k | €250k | €250k | - | - |
| Issued capital100 | €250k | €250k | €250k | €250k | - | - |
| Reserves13 | €25k | €25k | €25k | €25k | €25k | = |
| Non-distributable reserves130/1 | €25k | €25k | €25k | €25k | - | - |
| Legal reserve130 | €25k | €25k | €25k | €25k | - | - |
| Distributable reserves133 | - | - | - | - | €25k | - |
| Profit (loss) carried forward14 | €-262k | €-278k | €-267k | €-246k | €-235k | ▲ 4.8% |
| Amounts payable17/49 | €327k | €296k | €252k | €252k | €243k | ▼ 3.5% |
| Amounts payable after more than one year17 | €305k | €270k | €250k | €239k | €239k | = |
| Financial debts170/4 | €25k | €7k | - | - | €200k | - |
| Other amounts payable178/9 | €280k | €263k | €250k | €239k | €39k | ▼ 83.7% |
| Amounts payable within one year42/48 | €22k | €26k | €2k | €13k | €5k | ▼ 66.3% |
| Current portion of amounts payable after more than one year42 | €20k | €21k | - | - | - | - |
| Trade debts44 | €1k | €5k | €1k | €11k | €3k | ▼ 74.6% |
| Suppliers440/4 | €1k | €5k | €1k | €11k | €3k | ▼ 74.6% |
| Taxes, remuneration and social security45 | €2k | €208 | €412 | €3k | €2k | ▼ 32.9% |
| Taxes450/3 | €2k | €208 | €412 | €3k | €2k | ▼ 32.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-13k | €-16k | €12k | €20k | €12k | ▼ 41.2% |
| + Depreciation and write-downs630 | €55k | €56k | €55k | €46k | €45k | ▼ 2.1% |
| Operating cash flow (approximation) | €42k | €40k | €67k | €66k | €57k | ▼ 14.0% |
| Investment in fixed assets (approximation) | - | €-2 | €-19k | €-6k | €-7k | ▼ 24.5% |
| Change in cash | - | €8k | €14k | €59k | €44k | ▼ 25.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Liquidity quadruplescurrent ratio 42.51
Current ratio from 11.29 to 42.51; short-term debt falls from €13k to €5k.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Highest result since 2018net €20k ▲72%
Operating result €20k, net result €20k, both a record.
12-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 12 days late
2023
31-12
Financial
Back to profitnet €12k
Net result €12k after 4 loss-making years.
31-12
Financial
Liquidity times 15current ratio 50.78
Current ratio from 3.34 to 50.78; short-term debt falls from €26k to €2k.
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 11 days late
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 90 days late
2019
31-12
Financial
Weakest financial yearnet €-22k
Net result drops to €-22k, the lowest in the series; recovery starts the following year.
Show earlier events
31-12
Financial
Liquidity triplescurrent ratio 4.30
Current ratio from 1.69 to 4.30; short-term debt falls from €45k to €18k.
06-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 6 days late
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 21 days late
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Evere · 1 establishment unit since 2018
Ground area
3,443 m²
Building footprint
1,128 m²
Volume, LiDAR
8,678 m³
2 parcels, Brussels, Flanders · tallest building 13.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
KW SELF CAR WASH
since 20182.273.865.684
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21372C0093/00S003 | Brussels | 2,378 m² | 1 · 994 m² | 13.2 m · 3 fl. |
| 22002A0046/00H000 | Flanders | 1,066 m² | 1 · 134 m² | 8.0 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
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Of 3,208 companies in sector 95316 we hold annual accounts for 751. 559 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded30-09-2002
Fiscal year end31-12
Activities, NACEBEL 2025
95316Washing and cleaning of motor vehicles
Scores and ratios are computed by Checked and are not a credit decision.