SETEC
0452.022.671 · rovalta.com · 21/09/2026
ACTIVE
SETEC
Financial year 2025 · closed on 31/12/2025
Net result
168,2 k €
+71.4% YoY
Revenue
1,5 M €
+46.4% YoY
Equity
723,4 k €
+30.3% YoY
Workforce
4,5 ETP
+80.0% YoY
Overview
What does SETEC do?
SETEC is a Private limited company incorporated in 1994. Its registered office is in Brugge. It employs on average 4,5 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0452.022.671
Incorporation
21/01/1994
Legal form
Private limited company
Registered office
Gotevlietstraat 18
8000 Brugge · FlandreSee on map
8000 Brugge · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Average workforce
4,5 ETP
Joint committees (1)
- 209
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
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Financials
Trend over 19 financial years
| 2025 | 2024 | 2023 | 2022 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||
| Revenue | 1,5 M € | +46.4% | 1,0 M € | -5.9% | 1,1 M € | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | – | ||||||||||||||||
| EBITDA | 239,5 k € | +54.2% | 155,3 k € | -11.6% | 175,7 k € | +298% | 44,1 k € | +697% | -7,4 k € | -125% | 29,8 k € | +46.7% | 20,3 k € | -93.2% | 296,7 k € | +139% | 124,4 k € | +0.4% | 123,9 k € | +179% | 44,3 k € | +110% | 21,1 k € | -30.1% | 30,2 k € | -11.1% | 33,9 k € | -57.2% | 79,3 k € | +64.8% | 48,1 k € | -8.9% | 52,8 k € | -28.8% | 74,2 k € | +73.1% | 42,8 k € |
| Operating result | 231,1 k € | +61.3% | 143,3 k € | -15.2% | 169,0 k € | +299% | 42,4 k € | +647% | -7,8 k € | -126% | 29,4 k € | +83.2% | 16,1 k € | -94.6% | 295,7 k € | +140% | 123,4 k € | +0.1% | 123,3 k € | +250% | 35,2 k € | +143% | 14,5 k € | -25.5% | 19,5 k € | -17.6% | 23,6 k € | -46.3% | 44,0 k € | +20.8% | 36,4 k € | -11.1% | 41,0 k € | -43.4% | 72,4 k € | +111% | 34,3 k € |
| Net result | 168,2 k € | +71.4% | 98,1 k € | -20.2% | 122,9 k € | +332% | 28,4 k € | +515% | -6,8 k € | -138% | 18,2 k € | +99.6% | 9,1 k € | -95.9% | 221,5 k € | +143% | 91,3 k € | +0.7% | 90,7 k € | +380% | 18,9 k € | +77.7% | 10,6 k € | +67.6% | 6,3 k € | -41.9% | 10,9 k € | -48.2% | 21,1 k € | +52.5% | 13,8 k € | +16.5% | 11,9 k € | -66.8% | 35,7 k € | +68.8% | 21,2 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||
| Equity | 723,4 k € | +30.3% | 555,2 k € | +21.5% | 457,1 k € | +36.8% | 334,3 k € | +2.4% | 326,5 k € | -2.1% | 333,3 k € | +5.8% | 315,1 k € | -20.4% | 396,0 k € | +52.6% | 259,4 k € | +27.1% | 204,1 k € | +36.6% | 149,4 k € | +14.5% | 130,5 k € | +0.5% | 129,9 k € | +5.1% | 123,6 k € | +9.7% | 112,6 k € | +23.0% | 91,6 k € | +17.8% | 77,8 k € | +18.0% | 65,9 k € | +119% | 30,2 k € |
| Total assets | 910,0 k € | +19.1% | 764,3 k € | -12.1% | 869,6 k € | +28.6% | 676,3 k € | +48.0% | 457,0 k € | -2.8% | 470,0 k € | -12.4% | 536,4 k € | -10.9% | 602,3 k € | -4.6% | 631,2 k € | -14.1% | 734,5 k € | +44.5% | 508,1 k € | -31.0% | 736,9 k € | +7.7% | 684,1 k € | -16.9% | 823,7 k € | -8.5% | 900,2 k € | +37.9% | 652,9 k € | -27.5% | 901,1 k € | +14.3% | 788,4 k € | -2.7% | 810,6 k € |
| Cash | 222,6 k € | +101% | 110,5 k € | +23.4% | 89,5 k € | +9.4% | 81,8 k € | +44.5% | 56,7 k € | -12.6% | 64,8 k € | +49.1% | 43,5 k € | -64.0% | 120,7 k € | +126% | 53,4 k € | +716% | 6,5 k € | -77.1% | 28,6 k € | -83.6% | 174,6 k € | +770% | 20,1 k € | -55.3% | 44,9 k € | +326% | 10,6 k € | -70.4% | 35,6 k € | +173% | 13,0 k € | -59.5% | 32,2 k € | – | |
| Debts | 186,6 k € | -10.4% | 208,3 k € | -49.4% | 411,7 k € | +20.9% | 340,6 k € | +161% | 130,5 k € | -4.2% | 136,3 k € | -38.4% | 221,3 k € | +7.6% | 205,8 k € | -44.6% | 371,7 k € | -29.9% | 530,4 k € | +48.0% | 358,5 k € | -40.9% | 606,4 k € | +9.4% | 554,2 k € | -20.8% | 699,9 k € | -11.1% | 787,3 k € | +40.3% | 561,3 k € | -31.8% | 822,9 k € | +14.0% | 722,0 k € | -7.4% | 779,5 k € |
| Other | |||||||||||||||||||||||||||||||||||||
| Workforce | 4,5 ETP | +80.0% | 2,5 ETP | 0.0% | 2,5 ETP | – | 1,9 ETP | -5.0% | 2,0 ETP | 0.0% | 2,0 ETP | 0.0% | 2,0 ETP | 0.0% | 2,0 ETP | 0.0% | 2,0 ETP | -28.6% | 2,8 ETP | 0.0% | 2,8 ETP | -17.6% | 3,4 ETP | -20.9% | 4,3 ETP | +59.3% | 2,7 ETP | -28.9% | 3,8 ETP | -15.6% | 4,5 ETP | +15.4% | 3,9 ETP | +30.0% | 3,0 ETP | ||
Estimate
Indicative valuation
As an indication, this company is worth
between 1 M€ and 2,5 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 4 active · 17 ended
Active mandates
Ended mandates
At this address
Other companies at this address
| Company | CBE no. |
|---|---|
VAN VOOREN● Active | 0429.491.155 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Full model | Full model | Full model | Micro 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 | 21/08/2026 | 20/08/2025 | 29/08/2024 | 31/03/2023 | 18/03/2022 | 09/04/2021 |
| General meeting | 30/06/2026 | 30/06/2025 | 28/06/2024 | 09/03/2023 | 10/03/2022 | 02/04/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
22 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full modelCorrection | 31/12/2025 | 30/06/2026 | 21/08/2026 | Dutch | |
| Full modelCorrection | 31/12/2025 | 30/06/2026 | 13/08/2026 | Dutch | |
| Full model | 31/12/2025 | 26/06/2026 | 03/07/2026 | Dutch | |
| Full model | 31/12/2024 | 30/06/2025 | 20/08/2025 | Dutch | |
| Full model | 31/12/2023 | 28/06/2024 | 29/08/2024 | Dutch | |
| Micro model | 31/12/2022 | 09/03/2023 | 31/03/2023 | Dutch | |
| Abridged model | 31/12/2021 | 10/03/2022 | 18/03/2022 | Dutch | |
| Abridged model | 31/12/2020 | 02/04/2021 | 09/04/2021 | Dutch | |
| Abridged model | 31/12/2019 | 06/02/2020 | 06/03/2020 | Dutch | |
| Abridged model | 31/12/2018 | 28/06/2019 | 05/07/2019 | Dutch | |
| Abridged model | 31/12/2017 | 29/06/2018 | 03/07/2018 | Dutch | |
| Abridged model | 31/12/2016 | 30/06/2017 | 03/07/2017 | Dutch | |
| Abridged model | 31/12/2015 | 31/03/2016 | 08/04/2016 | Dutch | |
| Abridged model | 31/12/2014 | 26/06/2015 | 29/06/2015 | Dutch | |
| Abridged model | 31/12/2013 | 27/06/2014 | 30/06/2014 | Dutch | |
| Abridged model | 31/12/2012 | 28/06/2013 | 19/07/2013 | Dutch | |
| Abridged model | 31/12/2011 | 29/06/2012 | 27/07/2012 | Dutch | |
| Abridged model | 31/12/2010 | 24/06/2011 | 29/07/2011 | Dutch | |
| Abridged model | 31/12/2009 | 25/06/2010 | 25/06/2010 | Dutch | |
| Abridged model | 31/12/2008 | 26/06/2009 | 08/07/2009 | Dutch | |
| Abridged model | 31/12/2007 | 27/06/2008 | 30/06/2008 | Dutch | |
| Abridged model | 31/12/2006 | 30/06/2007 | 20/07/2007 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 1 M€ and 2,5 M€
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 4 active · 17 ended
Active mandates
Ended mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates09/07/2025ONTSLAGEN - BENOEMINGEN
- Mandates03/07/2024ONTSLAGEN - BENOEMINGEN
- Other15/03/2024STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
- Mandates22/01/2024STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
- Mandates14/08/2023ONTSLAGEN - BENOEMINGEN
- Mandates31/05/2023ONTSLAGEN - BENOEMINGEN - WIJZIGING RECHTSVORM
- Mandates01/07/2022ONTSLAGEN - BENOEMINGEN
- Mandates17/05/2018ONTSLAGEN - BENOEMINGEN
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025168,2 k €↑
- 2024Annual accounts 202498,1 k €↓
- 2023Annual accounts 2023122,9 k €↑
- 2022Annual accounts 202228,4 k €↑
- 2020Annual accounts 2020-6,8 k €↓
- 2019Annual accounts 201918,2 k €↑
- 2018Annual accounts 20189,1 k €↓
- 2017Annual accounts 2017221,5 k €↑
- 2016Annual accounts 201691,3 k €↑
- 2015Annual accounts 201590,7 k €↑
- 2014Annual accounts 201418,9 k €↑
- 2013Annual accounts 201310,6 k €↑
- 2012Annual accounts 20126,3 k €↓
- 2011Annual accounts 201110,9 k €↓
- 2010Annual accounts 201021,1 k €↑
- 2009Annual accounts 200913,8 k €↑
- 2008Annual accounts 200811,9 k €↓
- 2007Annual accounts 200735,7 k €↑
- 2006Annual accounts 200621,2 k €
- 21/01/1994IncorporationPrivate limited company