SETY
ActiveSummary
The annual accounts of SETY for fiscal year 2025 show a net loss of 58% of total assets. The 2025 annual accounts show equity of €409,984 and a net result of -€313,466. Equity is growing by ~39.6% per year across the filed fiscal years. The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.2% (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▼-100
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24,000 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.
short-term debt: 0.7% and cash: 24.3% of total assets, and 24.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
28 d early
2023
3 d late
2022
31 d early
2021
40 d early
2020
31 d late
2019
12 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 3 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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.
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, micro schema
Equity
€409,984▼ 43.3%
2024 · €723,450
Total assets
€541,018▼ 32.5%
2024 · €801,253
Net result
-€313,466
2024 · €231,982
Working capital
€438,798▼ 31.7%
2024 · €642,896
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€247,080▲ 53.0%€257,731▲ 4.3%€279,041▲ 8.3%€401,556▲ 43.9%-€216,969
Net result€122,470▼ 5.4%€134,361▲ 9.7%€140,400▲ 4.5%€231,982▲ 65.2%-€313,466
Equity€246,708▲ 98.6%€381,068▲ 54.5%€521,468▲ 36.8%€723,450▲ 38.7%€409,984▼ 43.3%
Total assets€250,710▲ 50.6%€390,881▲ 55.9%€525,291▲ 34.4%€801,253▲ 52.5%€541,018▼ 32.5%
Debt€4,002▼ 90.5%€9,813▲ 145%€3,823▼ 61.0%€77,803▲ 1,935%€17,138▼ 78.0%
Working capital€215,612▲ 127%€309,083▲ 43.4%€460,865▲ 49.1%€642,896▲ 39.5%€438,798▼ 31.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €216,969 after €401,556 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €541,018
Fixed assets
€98,589 ▲ 22.4%
Current assets
€442,429 ▼ 38.6%
Equity and liabilities €541,018
Equity
€409,984 ▼ 43.3%
Provisions
€113,896
Debt
€17,138 ▼ 78.0%
Debt's share of the balance-sheet total falls from 9.7% to 3.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€200,867▼
2024 · €415,975
Cash flow
-€297,365▼
2024 · €246,401
Debt to equity
0.04▼
2024 · 0.11
ROE
-76.5%▼
2024 · 32.1%
ROA
-57.9%▼
2024 · 29.0%
Interest coverage
-1.96▼
2024 · 5.96
Debt ≤ 1 year
€3,631▼
2024 · €77,803
Income taxes
-€87▼
2024 · €104,774
A ratio outside any meaningful range has been withheld (balance sheet total €541,018, equity €409,984).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 376 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 91% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
0.8%
went bankrupt
6.6%
stopped otherwise
91%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.2% 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 376 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,029 | €8,329 | €12,708 | €14,419 | €16,102 | ▲ 11.7% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | €113,896 | - |
| Other operating charges640/8 | €924 | €944 | €4,056 | €1,730 | €1,095 | ▼ 36.7% |
| Gross operating margin9900 | €254,033 | €267,004 | €295,805 | €417,705 | -€85,876 | ▼ 121% |
| Operating profit (loss)9901 | €247,080 | €257,731 | €279,041 | €401,556 | -€216,969 | ▼ 154% |
| Financial income75/76B | €13 | €935 | €3,374 | €4,976 | €5,701 | ▲ 14.6% |
| Recurring financial income75 | €13 | €935 | €3,374 | €4,976 | €5,701 | ▲ 14.6% |
| Financial charges65/66B | €79,335 | €65,055 | €79,244 | €69,776 | €102,285 | ▲ 46.6% |
| Recurring financial charges65 | €79,335 | €65,055 | €79,244 | €69,776 | €102,285 | ▲ 46.6% |
| Profit (loss) for the period before taxes9903 | €167,758 | €193,611 | €203,171 | €336,756 | -€313,553 | ▼ 193% |
| Income taxes67/77 | €45,288 | €59,251 | €62,771 | €104,774 | -€87 | ▼ 100% |
| Profit (loss) for the period9904 | €122,470 | €134,361 | €140,400 | €231,982 | -€313,466 | ▼ 235% |
| Profit (loss) for the period to be appropriated9905 | €122,470 | €134,361 | €140,400 | €231,982 | -€313,466 | ▼ 235% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €250,710 | €390,881 | €525,291 | €801,253 | €541,018 | ▼ 32.5% |
| Fixed assets21/28 | €31,096 | €71,985 | €60,603 | €80,554 | €98,589 | ▲ 22.4% |
| Tangible fixed assets22/27 | €31,096 | €71,985 | €60,603 | €80,554 | €98,589 | ▲ 22.4% |
| Land and buildings22 | €23,620 | €63,954 | €55,385 | €46,993 | €39,339 | ▼ 16.3% |
| Plant, machinery and equipment23 | - | - | - | - | €30,349 | - |
| Furniture and vehicles24 | €7,476 | €8,031 | €5,218 | €33,561 | €28,901 | ▼ 13.9% |
| Current assets29/58 | €219,614 | €318,896 | €464,688 | €720,699 | €442,429 | ▼ 38.6% |
| Amounts receivable after more than one year29 | - | €75,000 | €75,000 | €75,000 | €50,000 | ▼ 33.3% |
| Other amounts receivable291 | - | €75,000 | €75,000 | €75,000 | €50,000 | ▼ 33.3% |
| Amounts receivable within one year40/41 | €13,281 | €46,700 | €64,459 | €52,811 | €174,975 | ▲ 231% |
| Trade receivables40 | €781 | €12,500 | - | - | - | - |
| Other amounts receivable41 | €12,500 | €34,200 | €64,459 | €52,811 | €174,975 | ▲ 231% |
| Current investments50/53 | - | - | - | - | €80,379 | - |
| Cash at bank and in hand54/58 | €3,677 | €6,752 | €191,609 | €324,197 | €131,404 | ▼ 59.5% |
| Deferred charges and accrued income490/1 | €202,656 | €190,444 | €133,621 | €268,690 | €5,671 | ▼ 97.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €250,710 | €390,881 | €525,291 | €801,253 | €541,018 | ▼ 32.5% |
| Equity10/15 | €246,708 | €381,068 | €521,468 | €723,450 | €409,984 | ▼ 43.3% |
| Contributions10/11 | €21,460 | €21,460 | €21,460 | €21,460 | €21,460 | = |
| Reserves13 | €225,000 | €359,000 | €499,400 | €699,400 | €699,400 | = |
| Distributable reserves133 | €225,000 | €359,000 | €499,400 | €699,400 | €699,400 | = |
| Profit (loss) carried forward14 | €248 | €608 | €608 | €2,590 | -€310,876 | ▼ 12,101% |
| Provisions and deferred taxes16 | - | - | - | - | €113,896 | - |
| Provisions for liabilities and charges160/5 | - | - | - | - | €113,896 | - |
| Other liabilities and charges164/5 | - | - | - | - | €113,896 | - |
| Amounts payable17/49 | €4,002 | €9,813 | €3,823 | €77,803 | €17,138 | ▼ 78.0% |
| Amounts payable within one year42/48 | €4,002 | €9,813 | €3,823 | €77,803 | €3,631 | ▼ 95.3% |
| Financial debts43 | €76 | €63 | - | - | - | - |
| Credit institutions430/8 | €76 | €63 | - | - | - | - |
| Trade debts44 | €564 | - | €3,823 | €3,529 | €1,631 | ▼ 53.8% |
| Suppliers440/4 | €564 | - | €3,823 | €3,529 | €1,631 | ▼ 53.8% |
| Taxes, remuneration and social security45 | - | €9,750 | - | €44,274 | €2,000 | ▼ 95.5% |
| Taxes450/3 | - | €9,750 | - | €44,274 | €2,000 | ▼ 95.5% |
| Other amounts payable47/48 | €3,363 | - | - | €30,000 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €13,507 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €122,470 | €134,361 | €140,400 | €231,982 | -€313,466 | ▼ 235% |
| + Depreciation and write-downs630 | €6,029 | €8,329 | €12,708 | €14,419 | €16,102 | ▲ 11.7% |
| Operating cash flow (approximation) | €128,499 | €142,689 | €153,108 | €246,401 | -€297,365 | ▼ 221% |
| Investment in fixed assets (approximation) | - | -€49,218 | -€1,326 | -€34,370 | -€34,136 | ▲ 0.7% |
| Change in cash | - | €3,074 | €184,857 | €132,588 | -€192,793 | ▼ 245% |
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
08-09
State Gazette act
Resignation: Bruno GILLARD (director)Appointment: Olivier GILLARD (director) · Power of attorney4 facts ▸
State Gazette act
Resignation: Bruno GILLARD (director)
Appointment: Olivier GILLARD (director) · Power of attorney4 facts ▸
- General meeting, 22-08-2026
- Director resignation, Bruno GILLARD (director)
- Director appointment, Olivier GILLARD (director)
- Power of attorney, ODF Consult SRL
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet -€313,466
Net result drops to -€313,466, the lowest in the series.
31-12
Financial
Liquidity times 13current ratio 121.85
Current ratio from 9.26 to 121.85; short-term debt falls from €77,803 to €3,631.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €231,982 ▲65.2%
Operating result €401,556, net result €231,982, both a record.
03-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 3 days late
2023
31-12
Financial
Liquidity quadruplescurrent ratio 121.54
Current ratio from 32.50 to 121.54; short-term debt falls from €9,813 to €3,823.
31-12
Financial
Equity above €500,000Eq €521,468 ▲36.8%
5 profitable years in a row build equity to €521,468.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity times 17current ratio 54.87
Current ratio from 3.24 to 54.87; short-term debt falls from €42,242 to €4,002.
Show earlier events
31-12
Financial
Equity above €200,000Eq €246,708 ▲98.6%
3 profitable years in a row build equity to €246,708.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Liquidity times 5current ratio 3.24
Current ratio from 0.68 to 3.24; short-term debt falls from €133,959 to €42,242.
31-12
Financial
Equity above €100,000Eq €124,236
2 profitable years in a row build equity to €124,236.
12-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 12 days late
2019
31-12
Financial
Back to profitnet €30,674
Net result €30,674 after one loss-making year.
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Olivier GILLARD
CurrentDirector · since 22-08-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
5 of this company's 6 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, Braine-l'Alleud · 1 establishment unit since 2010
Ground area
2,104 m²
Building footprint
289 m²
Volume, LiDAR
2,036 m³
2 parcels, Wallonia · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SETY
since 20102.188.999.592
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25743K0004/00F005 | Wallonia | 1,908 m² | 1 · 232 m² | 9.7 m · 2 fl. |
| 25742A0812/00_000 | Wallonia | 196 m² | 1 · 57 m² | 11.5 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
2 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Olivier GILLARD |
|
| Bruno GILLARD |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Recognitions · licences · registrations
Legal Entity Identifier
5493003K06V8QLIPVE34
Identification & contact
Identification
Legal formPrivate limited company
Founded11-06-2010
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.