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SETO

Active
Private limited companyfounded 2022active for 4 yearsKastelsedijk 36C, 2480 Dessel, BelgiumKBO/BCE: BE 0791.188.913
Summary

SETO has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €115,791 and a net result of €16,908. Equity is growing by about 54% per year across the filed financial years. Its solvency ranks better than 66% of 34,143 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (low).

Overview

Activity
Plumbing work
NACE 43221
1 site
Size
€189,058total assets 2025
Equity
€115,791
Profit
€16,908
Turnover not published (micro format)
Financial health
83 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.5%
Structure
Accounts 165 days early1 of 3 deeds read
Why 83raises risk1 change of registered office in 24 monthsFounded in 2022lowers riskLiquidity: current ratio 2.62, cash €63,837Figures for financial year 2025 (filed 16-02-2026)Show the evidence

Checked score

Score 2025
83 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 66% of its sector peers (NACE 43, micro)
Financial strength · tick = 2024
Strong
Solvency 86+4
equity 61.2% of total assets
Liquidity 80+37
short-term debt 29.1% · cash 33.8%
Profitability 80-20
return on assets 8.9%
Bankruptcy probability, 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,546 companies, NACE 43, micro)
Last 24 months 11-2024: 2.5% 12-2024: 2.5%● unchanged vs 11-2024 01-2025: 2.5%● unchanged vs 12-2024 02-2025: 2.5%● unchanged vs 01-2025 03-2025: 2.5%● unchanged vs 02-2025 04-2025: 3.1%▲ +0.6 percentage points vs 03-2025 05-2025: 3.5%▲ +0.4 percentage points vs 04-2025 06-2025: 2.2%▼ -1.3 percentage points vs 05-2025 07-2025: 6.1%▲ +3.9 percentage points vs 06-2025highest value 08-2025: 6.1%● unchanged vs 07-2025highest value 09-2025: 6.1%● unchanged vs 08-2025highest value 10-2025: 6.1%● unchanged vs 09-2025highest value 11-2025: 2.2%▼ -3.9 percentage points vs 10-2025 12-2025: 2.2%● unchanged vs 11-2025 01-2026: 2.2%● unchanged vs 12-2025 02-2026: 2.2%● unchanged vs 01-2026 03-2026: 0.8%▼ -1.4 percentage points vs 02-2026 04-2026: 0.8%● unchanged vs 03-2026 05-2026: 0.8%● unchanged vs 04-2026 06-2026: 0.6%▼ -0.2 percentage points vs 05-2026 07-2026: 0.6%● unchanged vs 06-2026 08-2026: 0.6%● unchanged vs 07-2026 09-2026: 0.5%▼ -0.1 percentage points vs 08-2026lowest value 10-2026: 0.5%● unchanged vs 09-2026lowest value
Credit of up to €9,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.62, compared with 2.16 in 2024, above the usual 1.5; short-term debt: 29.1% and cash: 33.8% of total assets), and 38.8% of the assets are financed with debt and provisions.
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 (NACE 43, micro): better than 67% on solvency, 78% on liquidity, 59% on profitability and 59% on growth.

The bankruptcy probability was computed on 14-10-2026 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

Five signals.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 2.62, cash €63,837
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Figures for financial year 2025 (filed 16-02-2026)
NBB · annual accounts
raises risk · Founded in 2022
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
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 16-02-2026, 165 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
165 days early
2024
76 days early
2023
62 days early
2022
161 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 116 days before the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 4 April (3 of the last 4 filed years within 47 days of that day).
Companies Code · seven months
Where today falls in the filing period
15-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2022.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Registered officeRegistered-office move
  3. Annual accounts filedfinancial year 2024 · micro…

Key points

  • Positive: Always filed on timeaccounts within the deadline every year 4 years View
  • Total assets 20254 financial years filed €189,058 View
  • Active since 2022founded 21-09-2022 4 years View

By topic

Financials

Financial year
2025
Total assets
€189,058
Profit
€16,908
Solvency
61.2%
Total assets▲ 4.2%
Net result
20222025
Go to Financials

Timeline

Events
7
Since
2023
Next accounts
by 31-07-2027
  1. 31-12-2024Highest result from 2022 to 2025
  2. 31-12-2024Equity above €100,000
  3. 30-05-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Plumbing workNACE 43221
Founded
21-09-2022
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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