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SEE TELECOM

Bankruptcy
Private limited companyfounded 1972Avenue Robert Schuman 201, 1401 Nivelles, BelgiumKBO/BCE: BE 0412.722.528
Summary

The KBO register records for SEE TELECOM the legal situation: open bankruptcy; this is today's state according to the register itself, which carries no start date. The 2024 annual accounts show equity of €2.96M and a net result of €115k.

Signals

Two signals. The signal on the left, the evidence on the right.
+raises riskneutral
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-07-2025, 3 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
3 d early
2023
29 d late
2022
24 d late
2021
59 d early
2020
54 d early
2019
46 d late
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · 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 2024, unclassified schema

Turnover
€16.80M▲ 17.8%
2023 · €14.27M
2018: €11.78M 2019: €8.09M 2020: €10.46M 2021: €9.41M 2022: €11.81M 2023: €14.27M
2018 → 2024
EBIT margin
2.3%▲ 3.6pp
2023 · -1.4%
2018: -15.4% 2019: -14.0% 2020: -3.1% 2021: -16.4% 2022: -3.4% 2023: -1.4%
2018 → 2024
Net result
€115k
2023 · €-414k
2018: €-1.84M 2019: €-1.17M 2020: €-470k 2021: €-1.69M 2022: €-555k 2023: €-414k
2018 → 2024
Working capital
€408k▼ 40.6%
2023 · €686k
2018: €-928k 2019: €-2.18M 2020: €2.77M 2021: €605k 2022: €815k 2023: €686k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20202021202220232024Trend
Turnover€10.46M-€9.41M▼ 10.0%€11.81M▲ 25.4%€14.27M▲ 20.9%€16.80M▲ 17.8%
Equity€3.11M-€1.42M▼ 54.3%€1.76M▲ 24.3%€1.35M▼ 23.5%€2.96M▲ 119%
Operating result€-320k-€-1.54M▼ 382%€-400k▲ 74.1%€-194k▲ 51.5%€381k
Net result€-470k-€-1.69M▼ 259%€-555k▲ 67.1%€-414k▲ 25.4%€115k
Result per fiscal year
Operating resultNet result
€-2.00M€-1.00M€0Operating result 2020: €-320k€-320kNet result 2020: €-470k€-470kOperating result 2021: €-1.54M€-1.54MNet result 2021: €-1.69M€-1.69MOperating result 2022: €-400k€-400kNet result 2022: €-555k€-555kOperating result 2023: €-194k€-194kNet result 2023: €-414k€-414kOperating result 2024: €381k€381kNet result 2024: €115k€115k20202021202220232024€-750k€-500k€-250k€0€250k€500kOperating result 2022: €-400k€-400kNet result 2022: €-555k€-555kOperating result 2023: €-194k€-194kNet result 2023: €-414k€-414kOperating result 2024: €381k€381kNet result 2024: €115k€115k202220232024
The operating result returns to profit in 2024: €381k after a loss of €194k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €12.66M
Fixed assets €6.60M ▲ 23.3%
Current assets €6.06M ▼ 5.1%
Equity and liabilities €12.66M
Equity €2.96M ▲ 119%
Provisions €44k =
Debt €9.66M ▼ 6.7%
Debt's share of the balance-sheet total falls from 88.1% to 76.3%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
EBITDA
€986k
2023 · €355k
Cash flow
€720k
2023 · €135k
Current ratio
1.07
2023 · 1.12
Quick ratio
0.64
2023 · 0.60
Debt to equity
3.26
2023 · 7.67
ROE
3.9%
2023 · -30.7%
ROA
0.9%
2023 · -3.5%
Interest coverage
4.09
2023 · 1.73
Debt ≤ 1 year
€5.65M
2023 · €5.70M
Debt > 1 year
€3.90M
2023 · €4.57M
Income taxes
€4k
2023 · €3k
Staff costs
€3.46M
2023 · €3.59M
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 · 2024 against 2023 · 88 lines
Balance sheet Code20232024
Assets
Total assets20/58€11.74M€12.66M
Fixed assets21/28€5.35M€6.60M
Intangible fixed assets21€2.18M€2.04M
Tangible fixed assets22/27€3.09M€4.48M
Land and buildings22€2.78M€4.11M
Plant, machinery and equipment23€119k€203k
Furniture and vehicles24€184k€168k
Leasing and similar rights25€12k-
Financial fixed assets28€76k€76k=
Affiliated companies280/1€76k€76k=
Participating interests280€76k€76k=
Other financial fixed assets284/8€295€295=
Amounts receivable and cash guarantees285/8€295€295=
Current assets29/58€6.39M€6.06M
Stocks and contracts in progress3€2.98M€2.46M
Stocks30/36€2.46M€2.19M
Raw materials and consumables30/31€485k€475k
Work in progress32€1.40M€1.30M
Finished goods33€505k€369k
Goods purchased for resale34€69k€38k
Contracts in progress37€521k€277k
Amounts receivable within one year40/41€3.06M€3.08M
Trade receivables40€2.83M€3.02M
Other amounts receivable41€227k€65k
Cash at bank and in hand54/58€297k€462k
Deferred charges and accrued income490/1€49k€57k
Equity and liabilities
Total equity and liabilities10/49€11.74M€12.66M
Equity10/15€1.35M€2.96M
Contributions10/11€4.65M€4.65M=
Revaluation surpluses12-€1.50M
Reserves13€2.36M€2.36M=
Non-distributable reserves130/1€50k€50k=
Reserves not available under the articles1311€50k€50k=
Tax-exempt reserves132€101k€101k=
Distributable reserves133€2.20M€2.20M=
Profit (loss) carried forward14€-5.66M€-5.54M
Provisions and deferred taxes16€44k€44k=
Provisions for liabilities and charges160/5€44k€44k=
Other liabilities and charges164/5€44k€44k=
Amounts payable17/49€10.35M€9.66M
Amounts payable after more than one year17€4.57M€3.90M
Financial debts170/4€4.44M€3.78M
Unsubordinated bonds171€167k€125k
Credit institutions173€2.22M€2.01M
Other loans174€2.05M€1.64M
Other amounts payable178/9€133k€125k
Amounts payable within one year42/48€5.70M€5.65M
Current portion of amounts payable after more than one year42€537k€1.16M
Financial debts43€1.65M€1.63M
Credit institutions430/8€1.65M€1.63M
Trade debts44€2.01M€1.99M
Suppliers440/4€2.01M€1.99M
Advances received on contracts in progress46€904k€401k
Taxes, remuneration and social security45€602k€455k
Taxes450/3€166k€72k
Remuneration and social security454/9€436k€383k
Other amounts payable47/48€2k€20k
Accrued charges and deferred income492/3€73k€99k
Income statement Code20232024
Operating income70/76A€14.46M€16.64M
Turnover70€14.27M€16.80M
Change in stocks of work in progress, finished goods and contracts in progress71€-569k€-444k
Own construction capitalised72€266k€77k
Other operating income74€495k€207k
Operating charges60/66A€14.66M€16.26M
Goods for resale, raw materials and consumables60€7.53M€9.06M
Purchases600/8€7.54M€9.05M
Change in stocks: decrease (increase)609€-5k€4k
Services and other goods61€2.91M€3.04M
Remuneration, social security and pensions62€3.59M€3.46M
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€549k€604k
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€51k€74k
Other operating charges640/8€20k€21k
Operating profit (loss)9901€-194k€381k
Financial income75/76B€8k€845
Recurring financial income75€8k€845
Other financial income752/9€8k€845
Financial charges65/66B€224k€263k
Recurring financial charges65€224k€263k
Debt charges650€205k€241k
Other financial charges652/9€19k€23k
Profit (loss) for the period before taxes9903€-411k€119k
Income taxes67/77€3k€4k
Taxes670/3€3k€4k
Profit (loss) for the period9904€-414k€115k
Profit (loss) for the period to be appropriated9905€-414k€115k
Appropriation of the result
Profit (loss) to be appropriated9906€-5.66M€-5.54M
Profit (loss) brought forward from the previous period14P€-5.24M€-5.66M
Social balance
Average headcount (FTE)908741.738.4

The notes to these accounts (81 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

2026
03-07
State Gazette act Statutes amendment
Power of attorney3 facts ▸
  • General meeting, 29-06-2026
  • Statutes amendment
  • Power of attorney, Organe d'administration
02-07
State Gazette act Resignations: Godfridus Starman, Guy Spillebeen and Paul Goerg
Permanent representative: Sabrina Hacquet9 facts ▸
  • General meeting, 09-06-2026
  • Director resignation, Godfridus Starman (director)
  • Director resignation, Guy Spillebeen (director)
  • Director resignation, Paul Goerg (director)
  • Board meeting, 09-06-2026
  • Board composition, Erich Thönnes (director)
  • Board composition, Mike Goblet (director)
  • Board composition, Wallonie Entreprendre (director)
  • Permanent representative, Sabrina Hacquet
06-02
State Gazette act Reappointment: Guy Spillebeen (director)
Appointments: Guy Spillebeen (daily management delegate) and Paul Goerg (daily management delegate)5 facts ▸
  • General meeting, 17-05-2024
  • Director reappointment, Guy Spillebeen (director)
  • Board meeting, 23-04-2025
  • Director appointment, Guy Spillebeen (daily management delegate)
  • Director appointment, Paul Goerg (daily management delegate)
2025
06-11
State Gazette act Resignation: Godefridus Starmans (director)
2 facts ▸
  • Board meeting, 16-09-2025
  • Director resignation, Godefridus Starmans (director)
28-07
NBB filing Annual accounts filed
fiscal year 2024 · unclassified schema
07-07
State Gazette act Resignation: Christophe Lebrun (director)
2 facts ▸
  • General meeting, 15-05-2025
  • Director resignation, Christophe Lebrun (director)
07-07
State Gazette act Appointments: Guy Spillebeen (day-to-day manager) and Paul Goerg (day-to-day manager)
3 facts ▸
  • Board meeting, 24-06-2025
  • Director appointment, Guy Spillebeen (day-to-day manager)
  • Director appointment, Paul Goerg (day-to-day manager)
2024
31-12
Financial Back to profitnet €115k
Net result €115k after 6 loss-making years.
31-12
Financial Equity above €2MEq €2.96M ▲119%
Equity rises from €1.35M to €2.96M.
15-10
State Gazette act Appointment: SPARAXIS (director)
Resignation: SAMANDA (director) · Permanent representative: Haquet Sabrina4 facts ▸
  • General meeting, 17-05-2024
  • Director appointment, SPARAXIS (director)
  • Director resignation, SAMANDA (director)
  • Permanent representative, Haquet Sabrina
29-08
NBB filing Annual accounts filed
fiscal year 2023 · unclassified schema · 29 days late
11-03
State Gazette act Appointment: Guy Spillebeen (director)
2 facts ▸
  • Board meeting, 20-02-2024
  • Director appointment, Guy Spillebeen (director)
Show earlier events
2023
13-09
State Gazette act Reappointments: Thönnes Erich, Goerg Paul and Callens, Vandelanotte
Permanent representatives: Haquet Sabrina and Colson Sabine6 facts ▸
  • General meeting, 16-05-2023
  • Director reappointment, Thönnes Erich (director)
  • Director reappointment, Goerg Paul (director)
  • Auditor reappointment, Callens, Vandelanotte
  • Permanent representative, Haquet Sabrina
  • Permanent representative, Colson Sabine
24-08
NBB filing Annual accounts filed
fiscal year 2022 · unclassified schema · 24 days late
2022
28-06
State Gazette act Capital & shares · Statutes amendment
Capital increase · Capital · Statutes amendment6 facts ▸
  • General meeting, 21-06-2022
  • Capital increase, €600.000
  • Capital increase, €300.000
  • Capital, €4.650.000
  • Statutes amendment
  • Shareholder status, actionnaire « historique » (article 10 des statuts), approuvé par vote unanime
02-06
NBB filing Annual accounts filed
fiscal year 2021 · unclassified schema
28-02
State Gazette act Reappointment: Callens Pirenne & Co (statutory auditor)
2 facts ▸
  • General meeting, 31-08-2020
  • Auditor reappointment, Callens Pirenne & Co
2021
07-06
NBB filing Annual accounts filed
fiscal year 2020 · unclassified schema
01-02
State Gazette act Capital & shares · Statutes amendment · Resignations & appointments
Statutes amendment · Share issue · Capital increase12 facts ▸
  • General meeting, 28-12-2020
  • Statutes amendment
  • Statutes amendment
  • Share issue, A, 7500
  • Capital increase, €250.000
  • Capital increase, €1.250.000
  • Bank account, BE45 0018 9739 6889
  • Statutes amendment
  • Statutes amendment
  • Statutes amendment
  • Capital
  • Power of attorney, Nathalie LATEUR
65.2% of this act was read; anything after the cut is not in this list.Read the act at the Belgisch Staatsblad ↗
2020
31-12
Financial Liquidity doublescurrent ratio 1.64
Current ratio from 0.79 to 1.64; short-term debt falls from €10.42M to €4.32M.
31-12
Financial Equity above €2MEq €3.11M ▲188%
Equity rises from €1.08M to €3.11M.
15-09
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 46 days late
08-06
State Gazette act Reappointments: THÖNNES Erich, STARMANS Godefridus and 3 others
Appointment: THÖNNES Erich (chair of the board) · Resignations: THÖNNES Erich, STARMANS Godefridus and 3 others · Share issue19 facts ▸
  • General meeting, 14-05-2020
  • Share issue, 10000, 100.0
  • Bank account, BE13 0018 8462 6639
  • Legal-form conversion, SRL
  • Capital, €1.550.000
  • Director reappointment, THÖNNES Erich (non-statutory director)
  • Director reappointment, STARMANS Godefridus (non-statutory director)
  • Director reappointment, GOBLET Mike (non-statutory director)
  • Director reappointment, LEBRUN Christophe (non-statutory director)
  • Director reappointment, GOERG Paul (non-statutory director)
  • Director appointment, THÖNNES Erich (chair of the board)
  • Power of attorney
  • +7 further facts in this act
11-03
State Gazette act Registered office
Registered-office move2 facts ▸
  • Board meeting, 17-12-2019
  • Registered-office move, avenue Robert Schuman 201 à 1401 Baulers
2019
24-05
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
18-05
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
04-10
State Gazette act Reappointment: Callens Pirenne & Co (statutory auditor)
2 facts ▸
  • General meeting, 10-05-2017
  • Auditor reappointment, Callens Pirenne & Co
03-08
State Gazette act Statutes amendment · Resignations & appointments
Name change · Capital · Statutes amendment4 facts ▸
  • General meeting, 20-06-2017
  • Name change, SEE Telecom
  • Capital, €500.000
  • Statutes amendment
02-06
NBB filing Annual accounts filed
fiscal year 2016 · full schema
2016
31-05
NBB filing Annual accounts filed
fiscal year 2015 · full schema
2014
05-09
State Gazette act Reappointment: Callens, Pirenne & Co (statutory auditor)
2 facts ▸
  • General meeting, 25-06-2014
  • Auditor reappointment, Callens, Pirenne & Co
2012
28-11
State Gazette act Resignation: Jean-Pierre Bollens (manager)
2 facts ▸
  • Board meeting, 26-09-2012
  • Director resignation, Jean-Pierre Bollens (manager)
11-10
State Gazette act Statutes amendment · Resignations & appointments
Statutes amendment · Capital4 facts ▸
  • General meeting, 29-08-2012
  • Statutes amendment
  • Statutes amendment
  • Capital, €500.000
16-08
State Gazette act Statutes amendment
Capital2 facts ▸
  • Capital, €500.000
  • Statutes amendment
24-07
State Gazette act Capital & shares · Statutes amendment
Capital increase · Capital · Power of attorney9 facts ▸
  • General meeting, 20-06-2012
  • Capital increase, €250.000
  • Capital, €500.000
  • Power of attorney, Erich TÖNNES
  • Power of attorney, Jean-Pierre BOLLENS
  • Suspensive condition, Sous la condition suspensive de la réalisation effective de l'augmentation de capital décidée ci-dessus
  • Abstention, déclare s'abstenir et prie le notaire d'annexer au présent acte un document daté de ce jour
  • Abstention, déclare s'abstenir et prie le notaire d'annexer au présent acte un document daté de ce jour
  • Abstention, déclare s'abstenir et prie le notaire d'annexer au présent acte un document daté de ce jour
20-06
State Gazette act Resignation: Roger Scohy (manager)
Director discharge3 facts ▸
  • General meeting, 09-05-2012
  • Director resignation, Roger Scohy (manager)
  • Director discharge, Roger Scohy
2011
26-10
State Gazette act Reappointment: Ludo Caris (commissaire réviseur)
2 facts ▸
  • General meeting
  • Auditor reappointment, Ludo Caris (commissaire réviseur)
2010
10-11
State Gazette act Appointments: Godefridus Starmans, Mike Goblet and Christophe Lebrun
4 facts ▸
  • General meeting, 12-05-2010
  • Director appointment, Godefridus Starmans (manager)
  • Director appointment, Mike Goblet (manager)
  • Director appointment, Christophe Lebrun (manager)
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
3 directors, last change in 2026
SPARAXIS
Director · since 17-05-2024 · Public limited company · perm. rep.: Haquet Sabrina
Current
Thönnes Erich
Chair of the board · since 14-05-2020
Current
GOBLET Mike
Manager · since 12-05-2010
Not recently confirmed
09-06-2026 Godfridus Starman: Resigned as Director
09-06-2026 Goerg Paul: Resigned as Director
09-06-2026 Guy Spillebeen: Resigned as Director
28-10-2025 Godefridus Starmans: Resigned as Director
07-07-2025 Goerg Paul: Appointed as Day-to-day manager
Full history in the Timeline (24 changes) →
Not every act has been read: a resignation may be missing here
1 act was read only in part. 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, Nivelles · 1 establishment unit since 1994
Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Avenue Robert Schuman 2011401 Nivelles
Ground area
7,008 m²
Building footprint
510 m²
Parcel 25004A0029/00G000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Avenue Robert Schuman 201, 1400 Nivelles
General electrical installation work
since 19942.142.809.281
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25004A0029/00G000 Wallonia 7,008 m² 1 · 510 m² -
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Statutory auditor

1 auditor
Callens VandelanotteCurrent
Auditor
16-05-2023 → present
Show 2 earlier auditors
Callens, Pirenne & Co
Auditor
succeeded by Ludo Caris in 2018
25-06-2014 → 13-10-2018
Ludo Caris
Commissaire réviseur
succeeded by Callens Vandelanotte in 2023
13-10-2018 → 16-05-2023

Articles of association

Purpose
Toutes opérations se rapportant directement ou indirectement à l'étude, la fabrication, la construction, la transformation, l'intégration, le conditionnement, l'installation, le…
Full purpose

Toutes opérations se rapportant directement ou indirectement à l'étude, la fabrication, la construction, la transformation, l'intégration, le conditionnement, l'installation, le placement, le raccordement, la mise en service, les essais et le service après-vente, l'achat, la vente, la représentation, l'importation, l'exportation et le commerce en général de matériels, appareils et systèmes électriques, électroniques et mécaniques ainsi que tous matériaux, marchandises, matières premières, produits finis et semi-finis s'y rapportant. Plus généralement, elle peut faire toutes opérations industrielles, commerciales, financières, mobilières ou immobilières se rattachant directement ou indirectement à son objet social et de nature à en faciliter la réalisation ou l'extension.

Structure & network

Connections & network

5 connected companies

Capital and shareholders

Capital over the years
  1. 28-06-2022 Capital increase of 600,000 EUR · to 4,350,000 EUR · 6,000 new shares
  2. 28-06-2022 Capital increase of 300,000 EUR · to 4,650,000 EUR · 3,000 new shares
  3. 01-02-2021 Capital increase of 250,000 EUR · 2,500 new shares
  4. 01-02-2021 Capital increase of 1,250,000 EUR · 12,500 new shares
  5. 08-06-2020 Capital stated in the act · 1,550,000 EUR
  6. 03-08-2017 Capital stated in 3 acts · 500,000 EUR · 5,000 shares
  7. 24-07-2012 Capital increase of 250,000 EUR · to 500,000 EUR · 2,500 new shares

Recognitions · licences · registrations

Recognised contractor

1 category
SEE TELECOM SRL32874
category S3, class 5
decision 10-08-2021

Legal Entity Identifier

549300O21WQ2X24LRL73
no longer live in the LEI register

Similar companies · same sector, comparable size

Of 122 companies in sector 26300 we hold annual accounts for 97. 49 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification
Legal formPrivate limited company
Founded23-10-1972
Fiscal year end31-12
Abbreviation FR S.E.E.
Activities, NACEBEL 2025
26300Manufacture of computer, electronic and optical products
46643Wholesale of electrical equipment, including installation materials
42220Construction of utility projects for electricity and telecommunications
43211General electrical installation work
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.

Contact details

5 entries
Website:www.see.be
Enterprise
Enterprise
E-mail:info@see.be
Enterprise
Phone:067 85 29 20
Enterprise
Fax:067 85 29 30
Enterprise