SETIS SYSTEMS
ActiveSummary
SETIS SYSTEMS has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €290,274 and a net result of €101,342. Equity has been growing by about 5.3% per year since 2022. Its solvency ranks better than 73% of 271 sector peers (NACE 72, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 27-07-2022 Normal situation
- Activity
- Other research and development on natural sciences NACE 72109and 6 others
- Establishment unit
- 2.336.307.356 9080 Lochristi, since 03-08-2022
- Financial year end
- 31 December
- Peppol
- Reachable
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.4%
- Gross margin
- €230,419
- ▲ 802%
- Turnover
- ≈ €590,000
- estimated
- Profit
- €101,342
- Equity
- €290,274
- ▲ 53.6%
- Total assets
- €385,933
- ▲ 37.0%
- Employees on 31-12-2025
- 4
- ▲ 33.3%
Score breakdownraises riskSize: 2.7 FTE, total assets €385,933Founded in 2022lowers riskSector: Scientific research and development (NACE 72)Figures for financial year 2025 (filed on 25-06-2026)Show the evidence
Checked score
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 72, micro). It does better than 83% of them on solvency, 20% on liquidity, 90% on profitability and 87% on growth.
The bankruptcy probability was computed on 01-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 4 accounts on average 40 days before the deadline. In the sector (NACE 72), the median for financial year 2024 was 13 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 25-06-2026 at the NBB all 4 filings
2022 to 2025, 4 financial years
The operating result for 2025 is a profit of €103,027, after a loss of €99,534 in 2024. It is the highest result since 2022.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Scientific research and development (NACE 72). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Staff
| Item | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|
| Employees at the balance-sheet date | 3 | 3 | 4 |
| full-time | 2 | 2 | 2 |
| part-time | 1 | 1 | 2 |
| in full-time equivalents | 2.6 | 2.6 | 2.8 |
| Average over the year, in full-time equivalents | 1.9 | 2.6 | 2.7 |
| On a permanent contract | 3 | 3 | 4 |
| Joined | 4 | - | 1 |
| Left | 1 | - | 0 |
| Training hours | - | - | 0 |
Source: social balance sheet in the 2023 to 2025 annual accounts
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | €11,288 | €2,592 | €15,100 | €1,258 |
| Intangible fixed assets | €81,058 | - | - | - |
| Depreciation and write-downs of the year | €61 | €765 | €1,619 | €4,397 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as SETIS SYSTEMS: other research and development on natural sciences (NACE 72109). They are comparable in size and age: total assets between €129,000 and €1.3m, founded between 2018 and 2023.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| SETIS SYSTEMS Lochristi | 2022 | €0.4m | €0.3m | €0.2m | €0.1m | 2.7 | 2025 |
| CIVASEL Ciney | 2023 | €0.5m | €0.4m | €0.3m | €0.04m | 2 | 2025 |
| Artelys Belgium Brussel | 2018 | €0.3m | €0.2m | €0.3m | €0.02m | 2 | 2025 |
| DESTORE Nivelles | 2022 | €1.3m | €0.7m | €0.4m | -€0.05m | 5.7 | 2025 |
| SILLAR CLINICAL Sint-Martens-Latem | 2018 | €0.8m | €0.09m | €0.6m | €0.009m | 5.9 | 2025 |
| Snowcap Gent | 2022 | €0.2m | €0.004m | €0.1m | €0.09m | - | 2025 |
| PartiX Leuven | 2021 | €0.1m | €0.1m | €0.08m | -€0.001m | 1 | 2025 |
They were chosen from the 732 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 39,278 companies had the same profile as SETIS SYSTEMS has now. Two years later, 1.8% had gone bankrupt and 95.9% were still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of SETIS SYSTEMS itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,446 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.
| 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 39,278 companies, not a prediction for SETIS SYSTEMS. 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.
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €56,962 | €79,226 | €122,881 | €122,451 | ▼ 0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €61 | €765 | €1,619 | €4,397 | ▲ 172% |
| Other operating charges640/8 | €348 | €439 | €583 | €544 | ▼ 6.7% |
| Gross operating margin9900 | €134,478 | €181,087 | €25,548 | €230,419 | ▲ 802% |
| Operating profit (loss)9901 | €77,107 | €100,657 | -€99,534 | €103,027 | - |
| Financial income75/76B | - | €1,641 | €1,948 | €1,942 | ▼ 0.3% |
| Recurring financial income75 | - | €1,641 | €1,948 | €1,942 | ▼ 0.3% |
| Financial charges65/66B | €736 | €860 | €473 | €3,627 | ▲ 667% |
| Recurring financial charges65 | €736 | €860 | €473 | €3,627 | ▲ 667% |
| Profit (loss) for the period before taxes9903 | €76,371 | €101,437 | -€98,059 | €101,342 | - |
| Income taxes67/77 | €6,943 | €29,410 | €0 | - | - |
| Profit (loss) for the period9904 | €69,428 | €72,028 | -€98,059 | €101,342 | - |
| Profit (loss) for the period to be appropriated9905 | €69,428 | €72,028 | -€98,059 | €101,342 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €285,492 | €363,787 | €281,677 | €385,933 | ▲ 37.0% |
| Fixed assets21/28 | €965 | €2,793 | €16,275 | €13,136 | ▼ 19.3% |
| Tangible fixed assets22/27 | €965 | €2,793 | €16,275 | €13,136 | ▼ 19.3% |
| Plant, machinery and equipment23 | €965 | €2,793 | €16,275 | €13,136 | ▼ 19.3% |
| Current assets29/58 | €284,526 | €360,994 | €265,402 | €372,798 | ▲ 40.5% |
| Stocks and contracts in progress3 | €98,318 | €115,255 | €67,643 | €151,411 | ▲ 124% |
| Stocks30/36 | €98,318 | €115,255 | €67,643 | €151,411 | ▲ 124% |
| Amounts receivable within one year40/41 | €166,417 | €196,573 | €188,341 | €214,248 | ▲ 13.8% |
| Trade receivables40 | €50,987 | €8,969 | €33,401 | €2,824 | ▼ 91.5% |
| Other amounts receivable41 | €115,430 | €187,604 | €154,940 | €211,424 | ▲ 36.5% |
| Cash at bank and in hand54/58 | €19,792 | €47,891 | €7,353 | €5,296 | ▼ 28.0% |
| Deferred charges and accrued income490/1 | - | €1,275 | €2,065 | €1,843 | ▼ 10.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €285,492 | €363,787 | €281,677 | €385,933 | ▲ 37.0% |
| Equity10/15 | €214,963 | €286,990 | €188,932 | €290,274 | ▲ 53.6% |
| Contributions10/11 | €48,423 | €48,423 | €48,423 | €48,423 | = |
| Reserves13 | €166,540 | €238,568 | €163,375 | €163,375 | = |
| Non-distributable reserves130/1 | €4,842 | €4,842 | €4,842 | €4,842 | = |
| Reserves not available under the articles1311 | €4,842 | €4,842 | €4,842 | €4,842 | = |
| Distributable reserves133 | €161,698 | €233,725 | €158,532 | €158,532 | = |
| Profit (loss) carried forward14 | - | - | -€22,865 | €78,477 | - |
| Amounts payable17/49 | €70,529 | €76,797 | €92,745 | €95,660 | ▲ 3.1% |
| Amounts payable within one year42/48 | €70,529 | €76,797 | €92,745 | €95,660 | ▲ 3.1% |
| Trade debts44 | €63,586 | €39,806 | €69,206 | €49,058 | ▼ 29.1% |
| Suppliers440/4 | €63,586 | €39,806 | €69,206 | €49,058 | ▼ 29.1% |
| Advances received on contracts in progress46 | - | - | - | €18,172 | - |
| Taxes, remuneration and social security45 | €6,943 | €36,991 | €23,539 | €28,429 | ▲ 20.8% |
| Taxes450/3 | €6,943 | €20,434 | €1,017 | €3,256 | ▲ 220% |
| Remuneration and social security454/9 | - | €16,557 | €22,522 | €25,174 | ▲ 11.8% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €69,428 | €72,028 | -€98,059 | €101,342 | - |
| + Depreciation and write-downs630 | €61 | €765 | €1,619 | €4,397 | ▲ 172% |
| Operating cash flow (approximation) | €69,489 | €72,792 | -€96,440 | €105,739 | - |
| Investment in fixed assets (approximation) | - | -€2,592 | -€15,100 | -€1,258 | ▲ 91.7% |
| Change in cash | - | €28,099 | -€40,538 | -€2,057 | ▲ 94.9% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (4)
Board & ownership
Directors
Owners and capital
Shareholders
- VERVIT (BE 0463.068.793) sole founder · 100% at incorporation
Capital transactions
- 12-08-2022 Incorporation · €145,534.42
Articles of association
- 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
Articles of association, deed of 12-08-2022 (in Dutch)
Network & group
SETIS SYSTEMS shares no director with another company.
Companies at the same address
1 other companyConnections & network
1 current directorThe network starts from the directors of SETIS SYSTEMS. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
12-08
Gazette deed
IncorporationStarting capital €145,534.42 · Demerger: VERVIT splits off to SETIS SYSTEMS · Appointment: Juan Carlos Pérez Guerra (director) · Founder10 points ▸
- Demerger, “partiële splitsing, Besloten Vennootschap” (deed in Dutch)
- Incorporation, 27-07-2022
- Founder, VERVIT
- Founding capital, €145,534.42
- Share issue, “op naam”, 2900 (deed in Dutch), mentioned 2 times in the deed
- Auditor report, “ontwerp van bijzonder verslag van de oprichter, oordeel met voorbehoud” (deed in Dutch)
- Board rule, 1
- Director appointment, Juan Carlos Pérez Guerra (director (not named in the articles))
- Pre-incorporation commitments, “takeover, een of meer comparanten” (deed in Dutch)
- Registered office clause, “9080 Beervelde, Raveschoot 9A” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
On 27 July 2022, SETIS SYSTEMS was incorporated as a private limited company by VERVIT, with a starting capital of €145,534.12 Juan Carlos Pérez Guerra has served as director since 2022.3 Total assets went from €285,492 in 2022 to €385,933 in 2025 and headcount from 1.9 full-time equivalents in 2023 to 2.7 in 2025.4
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
16 activities
- Het tot stand brengen onder steriele laboratoriumcondities van kweek, in-vitro onderhoud, bewaring, ziektevrij maken en diagnose van plantenweefsels
- Onderzoek, vermeerdering, opkweken en beworteling van plantmateriaal onder in-vitro en ex-vitro condities
- In-vitro en ex-vitro productie en commercialisering van plantmateriaal bestemd voor de landbouw, farmaceutische, voedings-, en bio-energetische industrie of andere
- Import en export (wereldwijd) van in-vitro en ex-vitro plantmateriaal
- Onderzoek, ontwikkeling, productie, marketing en commercialisering van onderdelen, elementen, accessoires, uitrusting, software en technologieën voor gebruik in laboratorium of andere gerelateerde industriële activiteiten
- Import en export (wereldwijd) van onderdelen, elementen, accessoires, uitrusting, software en technologieën voor gebruik in laboratorium of andere gerelateerde industriële activiteiten
- Realiseren van bovenvermelde activiteiten in samenwerking met derden, ongeacht hun karakter en hun vestiging wereldwijd
- Het verschaffen van automatiseringsoplossingen op gebied van hydraulica, pneumatica, elektronica, informatica en andere gebieden
- Zelf of in opdracht van derden automatiseringsprojecten uitbaten
- Verhandelen (verkopen/verhuren/leasen...) van eigen gemaakte oplossingen op vlak van software, machineaansturing...
- Verhandelen (verkopen/verhuren/leasen...) van volledig of deels aangeschafte systemen, zowel software als (onderdelen van) hardware
- Het uitvoeren van een (automatiserings-) deeltaak van een andere vennootschap
- Het geven van opleiding in al dan niet zelf ontwikkelde systemen
- Tal van eBusiness activiteiten zoals het maken en publiceren van Internet (home)pages (met reclame, sponsoring...) voor zichzelf of voor derden
- Het beschikbaar stellen van vraag- en aanbod systemen, waar al dan niet tegen vergoeding koopjes, nieuwe, tweedehands en dergelijke aanbiedingen kunnen geplaatst worden, (gaande van elektronisch prikbord tot gestructureerde catalogi)
- Het waarnemen van mandaten in andere vennootschappen
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44008C0115/00R000 | Flanders | 1,402 m² | 1 · 161 m² | - |