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SEY-TECH

Active
Private limited companyfounded 2023active for 3 yearsKoolmijnlaan 32, 3600 Genk, BelgiumKBO/BCE: BE 0797.301.396
Summary

SEY-TECH has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €135,556 and a net result of €76,851. Its solvency ranks better than 36% of 34,747 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Financials · financial year 2025, micro format

Turnover
≈ €360,000
Estimated: probably between €290,000 and €420,000
Total assets
€392,522▲ 323%
2024 · €92,885
Net result
€76,851▲ 132%
2024 · €33,112
Working capital
€74,905▲ 11.6%
2024 · €67,117
Trend over the years

2024 to 2025, 2 financial years

The operating result rises in 2025; 2025 is 122% above 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€105,189 2025 Net result€76,851 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20242025
Operating result€47,319-€105,189▲ 122%
Net result€33,112above the sector's middle half-€76,851above the sector's middle half▲ 132%
Equity€75,570within the sector's middle half-€135,556within the sector's middle half▲ 79.4%
Total assets€92,885within the sector's middle half-€392,522above the sector's middle half▲ 323%
Debt€17,315-€256,966▲ 15×
Working capital€67,117within the sector's middle half-€74,905within the sector's middle half▲ 11.6%
Solvency81.4%above the sector's middle half-34.5%within the sector's middle half▼ 46.8pp
Current ratio4.88above the sector's middle half-2.65within the sector's middle half▼ 2.23
Return on assets (ROA)35.6%above the sector's middle half-19.6%above the sector's middle half▼ 16.1pp
above within below the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €392,522
Fixed assets €272,128 ▲ 32×
Current assets €120,394 ▲ 42.6%
Equity and liabilities €392,522
Equity €135,556 ▲ 79.4%
Debt €256,966 ▲ 15×
Debt's share of the balance-sheet total rises from 18.6% to 65.5%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€109,674▲
2024 · €49,832
Cash flow
€81,336▲
2024 · €35,625
Debt to equity
1.90▲
2024 · 0.23
ROE
56.7%▲
2024 · 43.8%
Interest coverage
26.86▼
2024 · 27.74
Debt ≤ 1 year
€45,489▲
2024 · €17,315
Debt > 1 year
€211,302
Income taxes
€24,263▲
2024 · €12,571
Staff costs
€3,971
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.8% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
95.8% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 39,278 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 50 lines
Balance sheet Code20242025
Assets
Total assets20/58€92,885€392,522▲
Fixed assets21/28€8,453€272,128▲
Tangible fixed assets22/27€8,453€272,128▲
Land and buildings22-€263,922
Plant, machinery and equipment23€3,281€3,783▲
Furniture and vehicles24€1,714€1,765▲
Other tangible fixed assets26€3,458€2,658▼
Current assets29/58€84,432€120,394▲
Amounts receivable within one year40/41€44,398€84,394▲
Trade receivables40€40,587€26,763▼
Other amounts receivable41€3,811€57,631▲
Cash at bank and in hand54/58€40,034€36,000▼
Equity and liabilities
Total equity and liabilities10/49€92,885€392,522▲
Equity10/15€75,570€135,556▲
Contributions10/11€500€500=
Reserves13€75,070€134,859▲
Distributable reserves133€75,070€134,859▲
Profit (loss) carried forward14-€197
Amounts payable17/49€17,315€256,966▲
Amounts payable after more than one year17-€211,302
Financial debts170/4-€211,302
Amounts payable within one year42/48€17,315€45,489▲
Current portion of amounts payable after more than one year42€437€13,698▲
Trade debts44€4,192€5,208▲
Suppliers440/4€4,192€5,208▲
Taxes, remuneration and social security45€12,686€26,238▲
Taxes450/3€12,686€24,263▲
Remuneration and social security454/9-€1,975
Other amounts payable47/48-€344
Accrued charges and deferred income492/3-€175
Income statement Code20242025
Remuneration, social security and pensions62-€3,971
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,514€4,484▲
Other operating charges640/8€534€1,250▲
Non-recurring operating charges66A€2,620-
Gross operating margin9900€52,986€114,894▲
Operating profit (loss)9901€47,319€105,189▲
Financial income75/76B€160€9▼
Recurring financial income75€160€9▼
Financial charges65/66B€1,796€4,084▲
Recurring financial charges65€1,796€4,084▲
Profit (loss) for the period before taxes9903€45,683€101,115▲
Income taxes67/77€12,571€24,263▲
Profit (loss) for the period9904€33,112€76,851▲
Profit (loss) for the period to be appropriated9905€33,112€76,851▲
Appropriation of the result
Profit (loss) to be appropriated9906€33,112€77,048▲
Profit (loss) brought forward from the previous period14P-€197
Transfer to equity691/2€33,112€73,101▲
To other reserves6921€33,112€73,101▲
Profit to be distributed694/7-€3,750
Return on contributions (dividend)694-€3,750

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Remuneration, social security and pensions62-€3,971-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,514€4,484▲ 78.4%
Other operating charges640/8€534€1,250▲ 134%
Non-recurring operating charges66A€2,620--
Gross operating margin9900€52,986€114,894▲ 117%
Operating profit (loss)9901€47,319€105,189▲ 122%
Financial income75/76B€160€9▼ 94.3%
Recurring financial income75€160€9▼ 94.3%
Financial charges65/66B€1,796€4,084▲ 127%
Recurring financial charges65€1,796€4,084▲ 127%
Profit (loss) for the period before taxes9903€45,683€101,115▲ 121%
Income taxes67/77€12,571€24,263▲ 93.0%
Profit (loss) for the period9904€33,112€76,851▲ 132%
Profit (loss) for the period to be appropriated9905€33,112€76,851▲ 132%
Line20242025Change
Assets
Total assets20/58€92,885€392,522▲ 323%
Fixed assets21/28€8,453€272,128▲ 32×
Tangible fixed assets22/27€8,453€272,128▲ 32×
Land and buildings22-€263,922-
Plant, machinery and equipment23€3,281€3,783▲ 15.3%
Furniture and vehicles24€1,714€1,765▲ 2.9%
Other tangible fixed assets26€3,458€2,658▼ 23.1%
Current assets29/58€84,432€120,394▲ 42.6%
Amounts receivable within one year40/41€44,398€84,394▲ 90.1%
Trade receivables40€40,587€26,763▼ 34.1%
Other amounts receivable41€3,811€57,631▲ 15×
Cash at bank and in hand54/58€40,034€36,000▼ 10.1%
Equity and liabilities
Total equity and liabilities10/49€92,885€392,522▲ 323%
Equity10/15€75,570€135,556▲ 79.4%
Contributions10/11€500€500=
Reserves13€75,070€134,859▲ 79.6%
Distributable reserves133€75,070€134,859▲ 79.6%
Profit (loss) carried forward14-€197-
Amounts payable17/49€17,315€256,966▲ 15×
Amounts payable after more than one year17-€211,302-
Financial debts170/4-€211,302-
Amounts payable within one year42/48€17,315€45,489▲ 163%
Current portion of amounts payable after more than one year42€437€13,698▲ 31×
Trade debts44€4,192€5,208▲ 24.2%
Suppliers440/4€4,192€5,208▲ 24.2%
Taxes, remuneration and social security45€12,686€26,238▲ 107%
Taxes450/3€12,686€24,263▲ 91.3%
Remuneration and social security454/9-€1,975-
Other amounts payable47/48-€344-
Accrued charges and deferred income492/3-€175-
Line20242025Change
Profit (loss) for the period9904€33,112€76,851▲ 132%
+ Depreciation and write-downs630€2,514€4,484▲ 78.4%
Operating cash flow (approximation)€35,625€81,336▲ 128%
Investment in fixed assets (approximation)--€268,159-
Change in cash--€4,034-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (2)
Financial year Type Filed Reference
31-12-2025 micro format 28-06-2026 2026-00208381
31-12-2024 micro format 30-06-2025 2025-00198115

Similar companies · same sector, comparable size

Of the 9,481 active companies whose main activity is installation of electric heating, air conditioning, cooling and ventilation (NACE 43222), figures are known for 5,749. 4,966 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.