SETT PT
ActiveSummary
SETT PT has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €35k and a net result of €33k. Equity is growing by ~544.8% per year across the filed fiscal years. Its solvency ranks better than 43% of 16618 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+49
Solvency80▲+43
Growth78=
Track record94
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity tight (current ratio 1.27 against 1.09 in 2024; short-term debt: 45.1% and cash: 38.3% of total assets), and 45.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
54.9%
Return on assets
51.3%
Age of the figures
9 mo
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 13-07-2026, 18 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
18 d early
2024
29 d late
2023
61 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€35k▲ 1,040%
2024 · €3k
2023: €2klowest in 3 years
2024: €3k▲ +97.9% vs 2023
2025: €35k▲ +1040% vs 2024highest in 3 years
2023 → 2025
Total assets
€64k▲ 157%
2024 · €25k
2023: €45k
2024: €25k▼ -43.8% vs 2023lowest in 3 years
2025: €64k▲ +157% vs 2024highest in 3 years
2023 → 2025
Net result
€33k▲ 2,057%
2024 · €2k
2023: €-432lowest in 3 years
2024: €2k▲ +456% vs 2023
2025: €33k▲ +2057% vs 2024highest in 3 years
2023 → 2025
Working capital
€8k▲ 296%
2024 · €2k
2023: €-31klowest in 3 years
2024: €2k▲ +106% vs 2023
2025: €8k▲ +296% vs 2024highest in 3 years
2023 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€2k-€3k▲ 97.9%€35k▲ 1,040%
2023: €2klowest in 3 years
2024: €3k▲ +97.9% vs 2023
2025: €35k▲ +1040% vs 2024highest in 3 years
Operating result€908-€6k▲ 557%€43k▲ 615%
2023: €908lowest in 3 years
2024: €6k▲ +557% vs 2023
2025: €43k▲ +615% vs 2024highest in 3 years
Net result€-432-€2k€33k▲ 2,057%
2023: €-432lowest in 3 years
2024: €2k▲ +456% vs 2023
2025: €33k▲ +2057% vs 2024highest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 615% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €64k
Fixed assets
€28k ▲ 2,345%
Current assets
€37k ▲ 53.8%
Equity and liabilities €64k
Equity
€35k ▲ 1,040%
Debt
€29k ▲ 32.2%
Debt's share of the balance-sheet total falls from 87.7% to 45.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€45k▲
2024 · €7k
Cash flow
€35k▲
2024 · €2k
Current ratio
1.27▲
2024 · 1.09
Debt to equity
0.82▼
2024 · 7.10
ROE
93.6%▲
2024 · 49.5%
ROA
51.3%▲
2024 · 6.1%
Interest coverage
595.85▲
2024 · 2.99
Debt ≤ 1 year
€29k▲
2024 · €22k
Income taxes
€9k▲
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€25k€64k▲
Fixed assets21/28€1k€28k▲
Tangible fixed assets22/27€1k€28k▲
Plant, machinery and equipment23€1k€22k▲
Furniture and vehicles24€0€6k▲
Other tangible fixed assets26€0-
Current assets29/58€24k€37k▲
Amounts receivable within one year40/41€14€0▼
Trade receivables40€14€0▼
Cash at bank and in hand54/58€23k€25k▲
Deferred charges and accrued income490/1€1k€12k▲
Equity and liabilities
Total equity and liabilities10/49€25k€64k▲
Equity10/15€3k€35k▲
Contributions10/11€2k€2k=
Profit (loss) carried forward14€1k€33k▲
Amounts payable17/49€22k€29k▲
Amounts payable within one year42/48€22k€29k▲
Trade debts44€508€4k▲
Suppliers440/4€508€4k▲
Taxes, remuneration and social security45€3k€9k▲
Taxes450/3€3k€9k▲
Other amounts payable47/48€18k€16k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€797€2k▲
Other operating charges640/8€13k€2k▼
Gross operating margin9900€19k€47k▲
Operating profit (loss)9901€6k€43k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€2k€75▼
Recurring financial charges65€2k€75▼
Profit (loss) for the period before taxes9903€4k€43k▲
Income taxes67/77€2k€9k▲
Profit (loss) for the period9904€2k€33k▲
Profit (loss) for the period to be appropriated9905€2k€33k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1k€34k▲
Profit (loss) brought forward from the previous period14P€-432€1k▲
Profit to be distributed694/7-€833
Return on contributions (dividend)694-€833
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €797 | €2k | ▲ 150% |
| Other operating charges640/8 | €115 | €13k | €2k | ▼ 84.5% |
| Gross operating margin9900 | €6k | €19k | €47k | ▲ 141% |
| Operating profit (loss)9901 | €908 | €6k | €43k | ▲ 615% |
| Financial income75/76B | €1 | €0 | - | - |
| Recurring financial income75 | €1 | €0 | - | - |
| Financial charges65/66B | €313 | €2k | €75 | ▼ 96.7% |
| Recurring financial charges65 | €313 | €2k | €75 | ▼ 96.7% |
| Profit (loss) for the period before taxes9903 | €595 | €4k | €43k | ▲ 1,050% |
| Income taxes67/77 | €1k | €2k | €9k | ▲ 337% |
| Profit (loss) for the period9904 | €-432 | €2k | €33k | ▲ 2,057% |
| Profit (loss) for the period to be appropriated9905 | €-432 | €2k | €33k | ▲ 2,057% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €45k | €25k | €64k | ▲ 157% |
| Fixed assets21/28 | €36k | €1k | €28k | ▲ 2,345% |
| Tangible fixed assets22/27 | €36k | €1k | €28k | ▲ 2,345% |
| Plant, machinery and equipment23 | €16k | €1k | €22k | ▲ 1,848% |
| Furniture and vehicles24 | €18k | €0 | €6k | - |
| Other tangible fixed assets26 | €2k | €0 | - | - |
| Current assets29/58 | €8k | €24k | €37k | ▲ 53.8% |
| Amounts receivable within one year40/41 | €927 | €14 | €0 | ▼ 100% |
| Trade receivables40 | €927 | €14 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €6k | €23k | €25k | ▲ 8.7% |
| Deferred charges and accrued income490/1 | €922 | €1k | €12k | ▲ 892% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €45k | €25k | €64k | ▲ 157% |
| Equity10/15 | €2k | €3k | €35k | ▲ 1,040% |
| Contributions10/11 | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-432 | €1k | €33k | ▲ 2,926% |
| Amounts payable17/49 | €43k | €22k | €29k | ▲ 32.2% |
| Amounts payable within one year42/48 | €40k | €22k | €29k | ▲ 32.2% |
| Trade debts44 | €2k | €508 | €4k | ▲ 735% |
| Suppliers440/4 | €2k | €508 | €4k | ▲ 735% |
| Taxes, remuneration and social security45 | €1k | €3k | €9k | ▲ 189% |
| Taxes450/3 | €1k | €3k | €9k | ▲ 189% |
| Other amounts payable47/48 | €37k | €18k | €16k | ▼ 14.7% |
| Accrued charges and deferred income492/3 | €4k | €0 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-432 | €2k | €33k | ▲ 2,057% |
| + Depreciation and write-downs630 | €5k | €797 | €2k | ▲ 150% |
| Operating cash flow (approximation) | €5k | €2k | €35k | ▲ 1,405% |
| Investment in fixed assets (approximation) | - | €34k | €-28k | ▼ 182% |
| Change in cash | - | €16k | €2k | ▼ 87.9% |
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
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2023net €33k ▲2,057%
Operating result €43k, net result €33k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
31-12
Financial
Liquidity times 5current ratio 1.09
Current ratio from 0.21 to 1.09; short-term debt falls from €40k to €22k.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
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.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Vilvoorde · 2 establishment units since 2023
Ground area
5,601 m²
Building footprint
1,640 m²
Volume, LiDAR
11,799 m³
3 parcels, Flanders · tallest building 17.8 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
Kastanjelaan 13, 9800 Deinze
since 20232.345.714.178
SETT PT
since 20232.391.242.020
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44054B0424/00E000 | Flanders | 3,953 m² | 1 · 880 m² | 17.8 m · 5 fl. |
| 34042A0501/00C008 | Flanders | 1,339 m² | 1 · 688 m² | 2.2 m |
| 23643G0525/00A003 | Flanders | 308 m² | 1 · 73 m² | 9.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels 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
2024 to 2025 · 2 entries · 296 EUR awarded · 296 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 197 EUR | 197 EUR |
| 2024 | 1 | 99 EUR | 99 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 12,685 companies in sector 86951 we hold annual accounts for 2,142. 1,942 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
Founded17-05-2023
Fiscal year end31-12
Activities, NACEBEL 2025
86951Physiotherapy
85510Sports and recreation education
86995Nutrition and dietetics services
93199Other sports activities
Scores and ratios are computed by Checked and are not a credit decision.