SETI
ActiveSummary
SETI has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9.4m and a net result of €73,269. Equity remains stable across the filed financial years (±1% per year). The computed 12-month bankruptcy probability is 0.9% (low).
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years
The operating result stays negative: a loss of €6,030 in 2025 against €5,454 in 2024; the loss grows.
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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €175 | €0 | ▼ 100% |
| Other operating charges640/8 | - | €348 | €348 | €960 | €968 | ▲ 0.8% |
| Gross operating margin9900 | -€18,040 | -€3,492 | -€3,286 | -€4,493 | -€5,062 | ▼ 12.7% |
| Operating profit (loss)9901 | -€18,387 | -€3,840 | -€3,633 | -€5,454 | -€6,030 | ▼ 10.6% |
| Financial income75/76B | - | €26,507 | €175,827 | €167,653 | €100,657 | ▼ 40.0% |
| Recurring financial income75 | €7,796 | €26,507 | €175,827 | €167,653 | €100,657 | ▼ 40.0% |
| Financial charges65/66B | - | €99 | €123 | €138 | €143 | ▲ 3.7% |
| Recurring financial charges65 | €12 | €99 | €123 | €138 | €143 | ▲ 3.7% |
| Profit (loss) for the period before taxes9903 | -€10,603 | €22,568 | €172,071 | €162,061 | €94,484 | ▼ 41.7% |
| Income taxes67/77 | - | €3,000 | €45,920 | €40,199 | €21,215 | ▼ 47.2% |
| Profit (loss) for the period9904 | -€10,603 | €19,568 | €126,151 | €121,862 | €73,269 | ▼ 39.9% |
| Profit (loss) for the period to be appropriated9905 | -€10,603 | €19,568 | €126,151 | €121,862 | €73,269 | ▼ 39.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9.0m | €9.1m | €9.2m | €9.3m | €9.4m | ▲ 0.6% |
| Fixed assets21/28 | €9.0m | €9.0m | €9.2m | €9.3m | €9.4m | ▲ 0.6% |
| Financial fixed assets28 | €9.0m | €9.0m | €9.2m | €9.3m | €9.4m | ▲ 0.6% |
| Current assets29/58 | €0.05m | €0.04m | €0.04m | €0.003m | €0.001m | ▼ 64.0% |
| Cash at bank and in hand54/58 | €0.05m | €0.04m | €0.04m | €0.003m | €0.001m | ▼ 64.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9.0m | €9.1m | €9.2m | €9.3m | €9.4m | ▲ 0.6% |
| Equity10/15 | €9.0m | €9.0m | €9.2m | €9.3m | €9.4m | ▲ 0.8% |
| Contributions10/11 | - | €9.4m | €9.4m | €9.4m | €9.4m | = |
| Reserves13 | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Non-distributable reserves130/1 | - | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Reserves not available under the articles1311 | - | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Distributable reserves133 | - | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Profit (loss) carried forward14 | -€0.6m | -€0.5m | -€0.4m | -€0.3m | -€0.2m | ▲ 25.9% |
| Amounts payable17/49 | €327 | €0.003m | €0.05m | €0.04m | €0.02m | ▼ 44.8% |
| Amounts payable within one year42/48 | €327 | €0.003m | €0.05m | €0.04m | €0.02m | ▼ 44.8% |
| Trade debts44 | €327 | - | €175 | €0 | - | - |
| Suppliers440/4 | - | - | €175 | €0 | - | - |
| Taxes, remuneration and social security45 | - | €0.003m | €0.05m | €0.04m | €0.02m | ▼ 44.8% |
| Taxes450/3 | - | €0.003m | €0.05m | €0.04m | €0.02m | ▼ 44.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,603 | €19,568 | €126,151 | €121,862 | €73,269 | ▼ 39.9% |
| Operating cash flow (approximation) | -€10,603 | €19,568 | €126,151 | €121,862 | €73,269 | ▼ 39.9% |
| Investment in fixed assets (approximation) | - | -€26,507 | -€175,827 | -€149,635 | -€56,142 | ▲ 62.5% |
| Change in cash | - | -€4,265 | -€3,581 | -€33,768 | -€2,173 | ▲ 93.6% |
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 (5)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-04-2025 | micro format | 30-11-2025 | 2025-00574179 |
| 30-04-2024 | micro format | 17-01-2025 | 2025-00006381 |
| 30-04-2023 | micro format | 18-12-2023 | 2023-00529969 |
| 30-04-2022 | micro format | 30-11-2022 | 2022-20528646 |
| 30-04-2021 | micro format | 30-11-2021 | 2021-78700415 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.