SETLE
ActiveSummary
The annual accounts of SETLE for fiscal year 2025 show a net loss of 62% of total assets and of 127% of the equity at the start of that year. The 2025 annual accounts show equity of €1.3m and a net result of -€1.1m. Equity is growing by ~88.6% per year across the filed fiscal years. Its solvency ranks better than 65% of 8763 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
59
/ 100
Fair
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency93▲+16
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 1.74 against 0.97 in 2024; short-term debt: 14.1% and cash: 21.4% of total assets), and 31.9% of the assets are financed with debt.
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Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-07-2026, 15 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
15 d early
2024
5 d early
2023
2 d early
2022
41 d early
2021
24 d early
2020
23 d late
2019
31 d 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 5 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
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. Usually files around 16 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€1.3m▲ 40.6%
2024 · €892,847
Total assets
€1.8m▲ 6.9%
2024 · €1.7m
Net result
-€1.1m▼ 48.9%
2024 · -€763,994
Working capital
€191,626
2024 · -€14,005
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€20,321▲ 73.8%-€534,523▼ 2,530%-€753,252▼ 40.9%-€750,035▲ 0.4%-€1.1m▼ 48.8%
Net result-€16,120below the sector's middle half▲ 80.4%-€550,201below the sector's middle half▼ 3,313%-€771,611below the sector's middle half▼ 40.2%-€763,994below the sector's middle half▲ 1.0%-€1.1mbelow the sector's middle half▼ 48.9%
Equity€138,911within the sector's middle half▲ 152%€338,786above the sector's middle half▲ 144%€656,840within the sector's middle half▲ 93.9%€892,847within the sector's middle half▲ 35.9%€1.3mabove the sector's middle half▲ 40.6%
Total assets€461,233within the sector's middle half▲ 55.6%€907,244above the sector's middle half▲ 96.7%€1.5mwithin the sector's middle half▲ 67.9%€1.7mwithin the sector's middle half▲ 13.2%€1.8mwithin the sector's middle half▲ 6.9%
Debt€322,322▲ 33.5%€568,458▲ 76.4%€866,475▲ 52.4%€831,337▼ 4.1%€588,796▼ 29.2%
Working capital€41,479within the sector's middle half▼ 19.4%€198,011above the sector's middle half▲ 377%€322,996within the sector's middle half▲ 63.1%-€14,005within the sector's middle half€191,626within the sector's middle half
Solvency30.1%within the sector's middle half▲ 11.6pp37.3%within the sector's middle half▲ 7.2pp43.1%within the sector's middle half▲ 5.8pp51.8%within the sector's middle half▲ 8.7pp68.1%within the sector's middle half▲ 16.3pp
Current ratio1.42within the sector's middle half▼ 0.262.11within the sector's middle half▲ 0.692.11within the sector's middle half=0.97within the sector's middle half▼ 1.141.74within the sector's middle half▲ 0.77
Return on assets (ROA)-3.5%below the sector's middle half▲ 24.3pp-60.6%below the sector's middle half▼ 57.2pp-50.7%below the sector's middle half▲ 10.0pp-44.3%below the sector's middle half▲ 6.3pp-61.7%below the sector's middle half▼ 17.4pp
Staff (FTE)3.4▲ 41.7%3.4=6above the sector's middle half▲ 76.5%6.5above the sector's middle half▲ 8.3%4.8above the sector's middle half▼ 26.2%
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1.1m in 2025 against €750,035 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.8m
Fixed assets
€1.4m ▲ 9.1%
Current assets
€451,509 ▲ 0.9%
Equity and liabilities €1.8m
Equity
€1.3m ▲ 40.6%
Debt
€588,796 ▼ 29.2%
Debt's share of the balance-sheet total falls from 48.2% to 31.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
-€342,045▼
2024 · -€221,213
Cash flow
-€364,006▼
2024 · -€235,173
Debt to equity
0.47▼
2024 · 0.93
ROE
-90.7%▼
2024 · -85.6%
Interest coverage
-21.07▼
2024 · -16.54
Debt ≤ 1 year
€259,883▼
2024 · €461,614
Debt > 1 year
€125,619▼
2024 · €194,254
Income taxes
€5,803▲
2024 · €867
Staff costs
€359,486▼
2024 · €431,363
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,597 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.8%
went bankrupt
9.2%
stopped otherwise
87%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,597 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €2,546 | - |
| Remuneration, social security and pensions62 | €117,333 | €219,359 | €402,213 | €431,363 | €359,486 | ▼ 16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €96,245 | €196,587 | €340,308 | €528,822 | €773,928 | ▲ 46.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €9,680 | -€12,690 | -€5,444 | ▲ 57.1% |
| Other operating charges640/8 | €2,222 | €2,217 | €3,093 | €6,573 | €2,530 | ▼ 61.5% |
| Non-recurring operating charges66A | - | - | - | - | €22,331 | - |
| Gross operating margin9900 | €195,479 | -€116,360 | €2,041 | €204,033 | €36,858 | ▼ 81.9% |
| Operating profit (loss)9901 | -€20,321 | -€534,523 | -€753,252 | -€750,035 | -€1.1m | ▼ 48.8% |
| Financial income75/76B | €11,007 | €332 | €754 | €283 | €76 | ▼ 73.2% |
| Recurring financial income75 | €1,007 | €332 | €754 | €283 | €76 | ▼ 73.2% |
| Non-recurring financial income76B | €10,000 | - | - | - | - | - |
| Financial charges65/66B | €6,805 | €15,670 | €18,549 | €13,375 | €16,234 | ▲ 21.4% |
| Recurring financial charges65 | €6,805 | €15,670 | €18,549 | €13,375 | €16,234 | ▲ 21.4% |
| Profit (loss) for the period before taxes9903 | -€16,120 | -€549,860 | -€771,048 | -€763,127 | -€1.1m | ▼ 48.4% |
| Income taxes67/77 | - | €341 | €563 | €867 | €5,803 | ▲ 569% |
| Profit (loss) for the period9904 | -€16,120 | -€550,201 | -€771,611 | -€763,994 | -€1.1m | ▼ 48.9% |
| Profit (loss) for the period to be appropriated9905 | -€16,120 | -€550,201 | -€771,611 | -€763,994 | -€1.1m | ▼ 48.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €461,233 | €907,244 | €1.5m | €1.7m | €1.8m | ▲ 6.9% |
| Fixed assets21/28 | €321,536 | €530,525 | €909,037 | €1.3m | €1.4m | ▲ 9.1% |
| Intangible fixed assets21 | €317,654 | €526,074 | €904,055 | €1.3m | €1.4m | ▲ 9.1% |
| Tangible fixed assets22/27 | €3,882 | €4,331 | €4,862 | €3,075 | €3,061 | ▼ 0.5% |
| Plant, machinery and equipment23 | - | - | - | - | €3,061 | - |
| Furniture and vehicles24 | €3,882 | €4,331 | €4,862 | €3,075 | - | - |
| Financial fixed assets28 | - | €120 | €120 | €120 | €120 | = |
| Current assets29/58 | €139,697 | €376,719 | €614,279 | €447,610 | €451,509 | ▲ 0.9% |
| Amounts receivable within one year40/41 | €23,765 | €71,613 | €168,575 | €166,021 | €41,575 | ▼ 75.0% |
| Trade receivables40 | €16,643 | €47,509 | €132,146 | €91,664 | €11,866 | ▼ 87.1% |
| Other amounts receivable41 | €7,122 | €24,104 | €36,429 | €74,357 | €29,709 | ▼ 60.0% |
| Cash at bank and in hand54/58 | €115,052 | €304,105 | €443,822 | €281,589 | €394,150 | ▲ 40.0% |
| Deferred charges and accrued income490/1 | €880 | €1,000 | €1,882 | - | €15,784 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €461,233 | €907,244 | €1.5m | €1.7m | €1.8m | ▲ 6.9% |
| Equity10/15 | €138,911 | €338,786 | €656,840 | €892,847 | €1.3m | ▲ 40.6% |
| Contributions10/11 | €257,000 | €1.0m | €2.3m | €3.3m | €4.8m | ▲ 46.1% |
| Capital10 | €157,000 | - | - | - | - | - |
| Issued capital100 | €157,000 | - | - | - | - | - |
| Outside capital11 | €100,000 | - | - | - | - | - |
| Other1109/19 | €100,000 | - | - | - | - | - |
| Profit (loss) carried forward14 | -€118,089 | -€668,290 | -€1.6m | -€2.4m | -€3.5m | ▼ 48.1% |
| Amounts payable17/49 | €322,322 | €568,458 | €866,475 | €831,337 | €588,796 | ▼ 29.2% |
| Amounts payable after more than one year17 | €224,104 | €389,751 | €289,627 | €194,254 | €125,619 | ▼ 35.3% |
| Financial debts170/4 | €224,104 | €389,751 | €289,627 | €194,254 | €125,619 | ▼ 35.3% |
| Amounts payable within one year42/48 | €98,217 | €178,707 | €291,283 | €461,614 | €259,883 | ▼ 43.7% |
| Current portion of amounts payable after more than one year42 | €42,054 | €84,353 | €100,174 | €95,374 | €68,635 | ▼ 28.0% |
| Trade debts44 | €41,804 | €77,168 | €142,957 | €334,055 | €171,883 | ▼ 48.5% |
| Suppliers440/4 | €41,804 | €77,168 | €142,957 | €334,055 | €171,883 | ▼ 48.5% |
| Taxes, remuneration and social security45 | €11,365 | €14,162 | €48,153 | €32,186 | €19,366 | ▼ 39.8% |
| Taxes450/3 | €162 | €341 | €904 | €1,430 | €1,418 | ▼ 0.9% |
| Remuneration and social security454/9 | €11,203 | €13,822 | €47,249 | €30,755 | €17,948 | ▼ 41.6% |
| Other amounts payable47/48 | €2,994 | €3,024 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €285,565 | €175,470 | €203,294 | ▲ 15.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€16,120 | -€550,201 | -€771,611 | -€763,994 | -€1.1m | ▼ 48.9% |
| + Depreciation and write-downs630 | €96,245 | €196,587 | €340,308 | €528,822 | €773,928 | ▲ 46.3% |
| Operating cash flow (approximation) | €80,126 | -€353,613 | -€431,302 | -€235,173 | -€364,006 | ▼ 54.8% |
| Investment in fixed assets (approximation) | - | -€405,576 | -€718,820 | -€896,360 | -€889,550 | ▲ 0.8% |
| Change in cash | - | €189,054 | €139,716 | -€162,233 | €112,561 | ▲ 169% |
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
16-07
State Gazette act
Capital & shares · Statutes amendmentAuditor report · Approval · Capital increase21 facts ▸
State Gazette act
Capital & shares · Statutes amendment
Auditor report · Approval · Capital increase21 facts ▸
- General meeting, 19-06-2026
- Auditor report, kennisneming en goedkeuring verslag commissaris, goedgekeurd
- Approval, jaarrekening, goedgekeurd
- Other statement, bestemming van het resultaat, DERDE BESLISSING
- Other statement, varia, VIJFDE BESLISSING
- Other statement, alarmbelprocedure, ZESDE BESLISSING
- Other statement, maatregelen bestuursorgaan, voortzetting activiteiten
- Capital increase
- Other statement, termijn en modaliteiten voorkeurrecht, ACHTSTE BESLISSING
- Power of attorney
- Statutes amendment, 5
- Other statement, volmachten, TIENDE BESLISSING
- +9 further facts in this act
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€1.1m
Net result drops to -€1.1m, the lowest in the series.
31-12
Financial
Equity above €1mEq €1.3m ▲40.6%
Equity rises from €892,847 to €1.3m.
26-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €500,000Eq €656,840 ▲93.9%
Equity rises from €338,786 to €656,840.
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200,000Eq €338,786 ▲144%
Equity rises from €138,911 to €338,786.
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €100,000Eq €138,911 ▲152%
Equity rises from €55,031 to €138,911.
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
Show earlier events
2020
31-12
Financial
Liquidity quadruplescurrent ratio 1.68
Current ratio from 0.43 to 1.68.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
07-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 7 days late
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 15 acts read
About the unread acts
Of the 15 Belgian State Gazette acts we know for this company, 1 has been read. The other 14 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
15 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Zonhoven · 1 establishment unit since 2017
Ground area
1,918 m²
Building footprint
444 m²
Volume, LiDAR
3,078 m³
Parcel 71443F0338/00E000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
SETLE
since 20172.258.585.909
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71443F0338/00E000 | Flanders | 1,918 m² | 1 · 444 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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
2023 · 1 entry · 1,262 EUR awarded · 1,262 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 1,262 EUR | 1,262 EUR |
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 25,391 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-11-2016
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
70200Business and other management consultancy
Contact
Website
www.homelabco.com
E-mail
info@homelabco.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0666412269
Also
9925:BE0666412269
Registered
18-06-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.