SETT

Active

Private limited companyfounded 20206 yrs activeMeersestraat 16, 9667 Horebeke, BelgiumKBO/BCE: BE 0741.752.664

SETT has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €504k and a net result of €30k. Equity is growing by ~16.7% per year across the filed fiscal years. Its solvency ranks better than 57% of 1281 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).

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Checked score

Score 2025

46 / 100

Fair▼ -5 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability29▼-33

Solvency31▲+20

Growth78=

Stability100

Bankruptcy probability, 12 months

1.0% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €23k at 30 days acceptable

Liquidity short (current ratio 0.18 against 0.4 in 2024), and 72.7% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

27.3%

Return on assets

1.6%

Age of the figures

8 mo

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 55

Relative position

BE, all sectors

reference

Sector 55

higher

← fewer bankruptcies more bankruptcies →

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 5 filings

Deviation from the deadline

2025

31 d late

2024

119 d early

2023

31 d late

2022

31 d late

2021

2 d early

← before the deadline after the deadline →

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.

Companies Code · seven months

Position in the running window

11-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€504k▲ 55.4%

2024 · €324k

2021: €217k 2022: €259k 2023: €284k 2024: €324k

2021 → 2025

Total assets

€1.85M▼ 2.5%

2024 · €1.90M

2021: €1.95M 2022: €1.92M 2023: €1.95M 2024: €1.90M

2021 → 2025

Net result

€30k▼ 26.7%

2024 · €40k

2021: €-28k 2022: €42k 2023: €25k 2024: €40k

2021 → 2025

Working capital

€-167k▼ 59.6%

2024 · €-105k

2021: €-3k 2022: €-43k 2023: €-88k 2024: €-105k

2021 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€217k-€259k▲ 19.1%€284k▲ 9.7%€324k▲ 14.2%€504k▲ 55.4%

Operating result€40k-€75k▲ 88.5%€57k▼ 24.2%€84k▲ 47.1%€74k▼ 12.2%

Net result€-28k-€42k€25k▼ 39.5%€40k▲ 61.0%€30k▼ 26.7%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 12% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €1.85M

98.0%

Fixed assets €1.81M▼ 0.8%

Current assets €37k▼ 46.3%

Equity and liabilities €1.85M

27.3%

72.7%

Equity €504k▲ 55.4%

Debt €1.34M▼ 14.4%

The debt ratio falls from 82.9% to 72.7%: equity grows while debt is paid down.

Key figures and ratios

2025 value · change against 2024

EBITDA

€94k▼

2024 · €104k

Cash flow

€49k▼

2024 · €61k

Solvency

27.3%▲

2024 · 17.1%

Current ratio

0.18▼

2024 · 0.40

Quick ratio

0.08▼

2024 · 0.26

Debt / equity

2.67▼

2024 · 4.85

ROE

5.9%▼

2024 · 12.5%

ROA

1.6%▼

2024 · 2.1%

Interest coverage

3.14▼

2024 · 3.18

Debt

€1.34M▼

2024 · €1.57M

Debt ≤ 1 year

€204k▲

2024 · €173k

Debt > 1 year

€1.14M▼

2024 · €1.36M

Income taxes

€15k▲

2024 · €12k

Staff costs

€37k▲

2024 · €25k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€1.90M€1.85M▼

Fixed assets21/28€1.83M€1.81M▼

Intangible fixed assets21€173€0▼

Tangible fixed assets22/27€1.83M€1.81M▼

Land and buildings22€1.73M€1.74M▲

Plant, machinery and equipment23€29k€23k▼

Furniture and vehicles24€63k€52k▼

Financial fixed assets28-€176

Current assets29/58€68k€37k▼

Stocks and contracts in progress3€24k€21k▼

Stocks30/36€24k€21k▼

Amounts receivable within one year40/41€23k€2k▼

Trade receivables40€22k€1k▼

Other amounts receivable41€251€498▲

Cash at bank and in hand54/58€17k€10k▼

Deferred charges and accrued income490/1€5k€4k▼

Equity and liabilities

Total equity and liabilities10/49€1.90M€1.85M▼

Equity10/15€324k€504k▲

Contributions10/11€245k€395k▲

Reserves13€79k€109k▲

Distributable reserves133€79k€109k▲

Amounts payable17/49€1.57M€1.34M▼

Amounts payable after more than one year17€1.36M€1.14M▼

Financial debts170/4€836k€877k▲

Other amounts payable178/9€521k€262k▼

Amounts payable within one year42/48€173k€204k▲

Current portion of amounts payable after more than one year42€79k€100k▲

Trade debts44€48k€29k▼

Suppliers440/4€48k€29k▼

Advances received on contracts in progress46€15k€28k▲

Taxes, remuneration and social security45€27k€45k▲

Taxes450/3€20k€38k▲

Remuneration and social security454/9€7k€8k▲

Other amounts payable47/48€4k€894▼

Accrued charges and deferred income492/3€41k€2k▼

Income statement Code20242025

Remuneration, social security and pensions62€25k€37k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€20k▼

Other operating charges640/8€3k€5k▲

Gross operating margin9900€133k€135k▲

Operating profit (loss)9901€84k€74k▼

Financial income75/76B€1k€800▼

Recurring financial income75€1k€800▼

Financial charges65/66B€33k€30k▼

Recurring financial charges65€33k€30k▼

Profit (loss) for the period before taxes9903€53k€45k▼

Income taxes67/77€12k€15k▲

Profit (loss) for the period9904€40k€30k▼

Profit (loss) for the period to be appropriated9905€40k€30k▼

Appropriation of the result

Profit (loss) to be appropriated9906€40k€30k▼

Transfer to equity691/2€40k€30k▼

To other reserves6921€40k€30k▼

The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 7Financial 2Filings 5

Next filing, fiscal year 2026, expected by 31-07-2027

2026

31-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 31 days late

2025

31-12

Financial Equity above €500kEq €504k ▲55.4%

4 profitable years in a row build equity to €504k.

03-04

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 31 days late

2023

31-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 31 days late

2022

31-12

Financial Back to profitnet €42k

Net result €42k after one loss-making year.

29-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 3 acts read

About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

1 director, last change in 2026

Nathalie Haleydt

Director · since 01-01-2026

Current

01-01-2026 Appointed as Director

Not every act has been read: a resignation may be missing here

3 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.

Location & real-estate footprint

Registered office, Horebeke · 1 establishment unit since 2020

exact location from the address register On OpenStreetMap

Ground area

2,086 m²

Building footprint

172 m²

Volume, LiDAR

893 m³

Parcel 45048A1233/00E000, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

SETT