ACTIVE

SETESCO Structural Engineers

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Financial year 2025 · closed on 31/12/2025

Net result

-74,5 k €

-187.5% YoY

Gross margin

498,4 k €

-29.3% YoY

Equity

180,6 k €

-29.6% YoY

Workforce

7,3 ETP

-12.0% YoY

What does SETESCO Structural Engineers do?

SETESCO Structural Engineers is a Public limited company incorporated in 1967. Its registered office is in Ixelles. It employs on average 7,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0400.524.282

Incorporation

01/01/1967

Legal form

Public limited company

Registered office

Avenue Louise 251 box 35
1050 Ixelles · BruxellesSee on map

Contributed capital

61 973,00 €

Latest accounts

31/12/2025

Average workforce

7,3 ETP

Joint committees (2)

Signals

Solid equityGood liquidityHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	498,4 k €	-29.3%	705,2 k €	+38.5%	509 k €	-2.3%	520,8 k €	-34.8%	798,3 k €	+22.2%	653,5 k €	+20.5%	542,2 k €	-20.4%	681 k €	-9.0%	748,1 k €	-15.7%	886,9 k €	-0.3%	889,2 k €	-5.2%	938,4 k €	-1.4%	951,5 k €	-14.0%	1,1 M €	+4.9%	1,1 M €	-2.0%	1,1 M €	-4.8%	1,1 M €	+12.1%	1 M €	-8.9%	1,1 M €	+2.9%	1,1 M €
EBITDA	-24,2 k €	-117%	139,7 k €	+162%	-225,6 k €	-116%	-104,5 k €	-197%	107,4 k €	-6.0%	114,3 k €	+31.0%	87,3 k €	-57.2%	204,1 k €	+52.1%	134,2 k €	-42.5%	233,5 k €	-7.9%	253,7 k €	+25.8%	201,7 k €	+7.0%	188,6 k €	-45.5%	346,1 k €	+11.1%	311,5 k €	-4.9%	327,5 k €	-13.8%	379,7 k €	+18.3%	320,8 k €	-18.8%	395,3 k €	+1.3%	390,3 k €
Operating result	-59 k €	-158%	102,4 k €	+138%	-266,4 k €	-133%	-114,4 k €	-223%	93,1 k €	-8.0%	101,2 k €	+40.9%	71,8 k €	-61.8%	188,2 k €	+66.6%	113 k €	-41.2%	192,3 k €	-9.9%	213,5 k €	+37.3%	155,4 k €	+1.4%	153,4 k €	-50.6%	310,7 k €	+6.2%	292,6 k €	-4.9%	307,6 k €	-15.8%	365,5 k €	+20.1%	304,2 k €	-18.7%	374 k €	+2.3%	365,5 k €
Net result	-74,5 k €	-187%	85,2 k €	+132%	-269,2 k €	-128%	-118 k €	-279%	65,9 k €	-10.9%	74 k €	+39.1%	53,2 k €	-61.2%	137,1 k €	+105%	66,8 k €	-47.5%	127,2 k €	-11.5%	143,8 k €	+37.0%	104,9 k €	-2.6%	107,7 k €	-49.7%	214,1 k €	+10.3%	194 k €	-5.9%	206,1 k €	-9.0%	226,6 k €	+5.2%	215,3 k €	-27.6%	297,5 k €	+8.9%	273,1 k €
Balance sheet
Equity	180,6 k €	-29.6%	256,5 k €	+15.2%	222,6 k €	-54.5%	489,2 k €	-19.4%	607,2 k €	+0.2%	606,3 k €	+0.7%	602,3 k €	-3.5%	624,1 k €	+6.3%	586,9 k €	-2.2%	600,1 k €	-46.8%	1,1 M €	+2.2%	1,1 M €	+2.8%	1,1 M €	+2.6%	1 M €	+6.5%	983,4 k €	+7.5%	914,4 k €	+13.1%	808,3 k €	+10.5%	731,7 k €	+23.7%	591,4 k €	-25.5%	793,8 k €
Total assets	471,7 k €	-35.2%	728,1 k €	-7.2%	784,8 k €	-2.7%	807 k €	-14.4%	943 k €	+3.2%	913,6 k €	+4.0%	878,3 k €	-10.8%	984,1 k €	-5.2%	1 M €	-20.8%	1,3 M €	-3.9%	1,4 M €	+3.8%	1,3 M €	-0.0%	1,3 M €	+3.2%	1,3 M €	+6.3%	1,2 M €	-6.2%	1,3 M €	+7.8%	1,2 M €	+8.4%	1,1 M €	-26.9%	1,5 M €	+35.9%	1,1 M €
Cash	36 k €	-76.0%	150,1 k €	-7.1%	161,7 k €	-18.5%	198,4 k €	+130%	86,4 k €	-78.4%	399 k €	+36.7%	292 k €	-25.6%	392,6 k €	-22.6%	507,1 k €	-33.0%	756,6 k €	-16.5%	905,9 k €	+22.8%	737,6 k €	-18.3%	902,6 k €	-9.1%	992,8 k €	+26.4%	785,1 k €	+17.7%	667,1 k €	+1497%	41,8 k €	+45.4%	28,7 k €	-94.3%	505,8 k €	+1169%	39,9 k €
Debts	291 k €	-38.3%	471,5 k €	-16.1%	562,2 k €	+76.9%	317,8 k €	-5.3%	335,8 k €	+9.3%	307,3 k €	+11.3%	276 k €	-23.3%	360,1 k €	-20.3%	451,7 k €	-36.4%	710,6 k €	+203%	234,4 k €	+12.3%	208,7 k €	-12.6%	238,7 k €	+5.6%	226 k €	+5.3%	214,5 k €	-40.8%	362,5 k €	-3.8%	376,7 k €	+4.2%	361,5 k €	-60.0%	903,5 k €	+195%	306,4 k €
Other
Workforce	7,3 ETP	-12.0%	8,3 ETP	-12.6%	9,5 ETP	+3.3%	9,2 ETP	-10.7%	10,3 ETP	+22.6%	8,4 ETP	+20.0%	7,0 ETP	-5.4%	7,4 ETP	-22.9%	9,6 ETP	+1.1%	9,5 ETP	+5.6%	9,0 ETP	-10.0%	10,0 ETP	-2.0%	10,2 ETP	-7.3%	11,0 ETP	-6.8%	11,8 ETP	0.0%	11,8 ETP	-1.7%	12,0 ETP	0.0%	12,0 ETP	-20.0%	15,0 ETP	+25.0%	12,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 16 ended

Active mandates

Martin VERAART

Managing director · since 08 juin 2023 · until 08 juin 2029

Active

REDA FARES

Managing director · since 08 juin 2023 · until 08 juin 2029

Active

Ended mandates

MARTIN VERAART

Managing director · since 01 juin 2017 · until 31 mai 2023

Ended

REDA FARES

Managing director · since 01 juin 2017 · until 31 mai 2023

Ended

LUC SOTTIAUX

Director · since 01 juin 2011 · until 31 mai 2017

Ended

MARTIN VERAART

Director · since 01 juin 2011 · until 31 mai 2017

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/08/2026	25/09/2025	30/08/2024	09/06/2023	31/05/2022	16/06/2021
General meeting	08/05/2026	09/05/2025	30/05/2024	08/06/2023	19/05/2022	28/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	08/05/2026	31/08/2026	French	PDF
Abridged model	31/12/2024	09/05/2025	25/09/2025	French	PDF
Abridged model	31/12/2023	30/05/2024	30/08/2024	French	PDF
Abridged model	31/12/2022	08/06/2023	09/06/2023	French	PDF
Abridged model	31/12/2021	19/05/2022	31/05/2022	French	PDF
Abridged model	31/12/2020	28/05/2021	16/06/2021	French	PDF
Abridged model	31/12/2019	03/06/2020	04/06/2020	French	PDF
Abridged model	31/12/2018	27/05/2019	01/07/2019	French	PDF
Abridged model	31/12/2017	23/05/2018	15/06/2018	French	PDF
Abridged model	31/12/2016	18/05/2017	22/05/2017	French	PDF
Abridged model	31/12/2015	26/05/2016	20/06/2016	French	PDF
Abridged model	31/12/2014	21/05/2015	02/06/2015	French	PDF
Abridged model	31/12/2013	21/05/2014	11/07/2014	French	PDF
Abridged model	31/12/2012	27/05/2013	29/08/2013	French	PDF
Abridged model	31/12/2011	29/05/2012	20/08/2012	French	PDF
Abridged model	31/12/2010	30/05/2011	25/08/2011	French	PDF
Abridged model	31/12/2009	20/05/2010	31/08/2010	French	PDF
Abridged model	31/12/2008	28/05/2009	03/06/2009	French	PDF
Abridged model	31/12/2007	22/05/2008	02/06/2008	French	PDF
Abridged model	31/12/2006	23/05/2007	13/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 16 ended

Active mandates

Martin VERAART

Managing director · since 08 juin 2023 · until 08 juin 2029

Active

REDA FARES

Managing director · since 08 juin 2023 · until 08 juin 2029

Active

Ended mandates

MARTIN VERAART

Managing director · since 01 juin 2017 · until 31 mai 2023

Ended

REDA FARES

Managing director · since 01 juin 2017 · until 31 mai 2023

Ended

LUC SOTTIAUX

Director · since 01 juin 2011 · until 31 mai 2017

Ended

MARTIN VERAART

Director · since 01 juin 2011 · until 31 mai 2017

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other18/01/2024
BENAMING
PDF
Mandates18/01/2024
DENOMINATION
PDF
Mandates02/08/2023
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates21/12/2017
DEMISSIONS, NOMINATIONS
PDF
Registered office30/10/2017
MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office30/10/2017
SIEGE SOCIAL - CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates02/06/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates06/11/2013
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-74,5 k €↓
2024
Annual accounts 202485,2 k €↑
2024
Name changeSETESCO Structural Engineers
2023
Annual accounts 2023-269,2 k €↓
2022
Annual accounts 2022-118 k €↓
2021
Annual accounts 202165,9 k €↓
2021
Name changeSETESCO SA/NV
2020
Annual accounts 202074 k €↑
2019
Annual accounts 201953,2 k €↓
2018
Annual accounts 2018137,1 k €↑
2017
Annual accounts 201766,8 k €↓
2016
Annual accounts 2016127,2 k €↓
2015
Annual accounts 2015143,8 k €↑
2014
Annual accounts 2014104,9 k €↓
2013
Annual accounts 2013107,7 k €↓
2012
Annual accounts 2012214,1 k €↑
2011
Annual accounts 2011194 k €↓
2010
Annual accounts 2010206,1 k €↓
2009
Annual accounts 2009226,6 k €↑
2008
Annual accounts 2008215,3 k €↓
2007
Annual accounts 2007297,5 k €↑
2006
Annual accounts 2006273,1 k €
01/01/1967
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

SETESCO Structural Engineers

Overview

What does SETESCO Structural Engineers do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline