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).
Overview
- Equity
- €9.4m
- Profit
- €73,269
- Holdings
- 1
Why 68raises riskLiquidity: current ratio 0.05, cash €1,220, halvedFounded in 2020lowers riskSize: total assets €9.4mNo main activity registeredShow the evidence
Checked score
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 (no NACE code, small): better than 82% on solvency, 43% on liquidity, 42% on profitability and 52% 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).
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Signals
This company filed its last 5 accounts on average 13 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Reappointment: ANDRE,MARBAIX ET CO (statutory auditor)Resignation: Yves JOINAU (class B…
- Annual accounts filedfinancial year 2024 · micro…
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.
Directors
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
- Le Haras Des ISassubsidiaryEquity €3.6mResult -€439,73999.94%
According to the annual accounts to 30-04-2025 of SETI and those of the other companies, 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.
Connections & network
No directors read yet: 2 of 5 Gazette acts processed.
History
Acts, filings and financial milestones
14-02
Gazette deed
Reappointment: ANDRE,MARBAIX ET CO (statutory auditor)Resignation: Yves JOINAU (class B director) · Director discharge4 facts ▸
- General meeting, 20-01-2025
- Auditor reappointment, ANDRE,MARBAIX ET CO (statutory auditor)
- Director resignation, Yves JOINAU (class B director)
- Director discharge, Yves JOINAU (administrateur démissionnaire)
30-10
Gazette deed
Reappointment: ANDRE, MARBAIX & CO SRL (statutory auditor)2 facts ▸
- General meeting, 17-10-2024
- Auditor reappointment, ANDRE, MARBAIX & CO SRL (statutory auditor)
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 21 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21614H0054/03Z003 | Brussels | 3,070 m² | 1 · 877 m² | 13.6 m · 3 |