ACTIVE

SETO

Financial year 2025 · closed on 30/06/2025
Net result
526,1 k €
+7.1% YoY
Gross margin
1,5 M €
+16.2% YoY
Equity
2,2 M €
+12.4% YoY
Workforce
12,6 ETP
+12.5% YoY

What does SETO do?

SETO is a Public limited company incorporated in 2017. Its main activity is: Activities of holding companies. Its registered office is in Gent. It employs on average 12,6 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0670.819.831
Incorporation
07/02/2017
Legal form
Public limited company
Registered office
Coupure 236
9000 Gent · FlandreSee on map
Contributed capital
400 000,00 €
Latest accounts
30/06/2025
Average workforce
12,6 ETP
Signals
ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debts
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 8 financial years

20252024202320222021202020192018
Income statement
Gross margin1,5 M €1,3 M €1 M €527,2 k €338,9 k €306,5 k €241,4 k €76,2 k €
EBITDA313,6 k €332,9 k €494,7 k €249,4 k €186,6 k €147,1 k €115,7 k €56,7 k €
Operating result217,4 k €244,9 k €423 k €199,8 k €166,5 k €128 k €72 k €44,1 k €
Net result526,1 k €491,1 k €554,7 k €908,1 k €67 k €47,2 k €-13,8 k €-57,9 k €
Balance sheet
Equity2,2 M €2 M €1,7 M €1,3 M €442,5 k €375,5 k €328,3 k €342,1 k €
Total assets5,7 M €5,6 M €5,6 M €5,1 M €4,7 M €4,8 M €4,8 M €4,5 M €
Cash16 k €106,8 k €355,6 k €16,7 k €18 k €54,2 k €7 k €16,4 k €
Debts3,3 M €3,6 M €3,9 M €3,9 M €4,3 M €4,4 M €4,4 M €4,1 M €
Other
Workforce12,6 ETP11,2 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 4 ended

Active mandates

Sébastien Van Hoorde

Managing director · since 08 décembre 2023 · until 28 décembre 2029

Active
Tom De Rycker

Managing director · since 08 décembre 2023 · until 28 décembre 2029

Active

Ended mandates

Sébastien Van Hoorde

Managing director · since 31 décembre 2023 · until 28 décembre 2029

Ended
Tom De Rycker

Managing director · since 31 décembre 2023 · until 28 décembre 2029

Ended
Sébastien Van Hoorde

Managing director · since 02 février 2017 · until 08 décembre 2023

Ended
Tom De Rycker

Managing director · since 02 février 2017 · until 08 décembre 2023

Ended
At this address

Other companies at this address

CompanyCBE no.
IMOPTIKActive
0871.190.256
SEESActive
1040.264.424
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/07/202401/07/202301/07/202201/07/202101/07/202001/07/2019
Closing of the financial year30/06/202530/06/202430/06/202330/06/202230/06/202130/06/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date23/01/202631/01/202531/01/202431/01/202331/01/202228/01/2021
General meeting26/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

8 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/06/202526/12/202523/01/2026DutchPDF
Abridged model30/06/202431/12/202431/01/2025DutchPDF
Micro model30/06/202331/12/202331/01/2024DutchPDF
Micro model30/06/202231/12/202231/01/2023DutchPDF
Micro model30/06/202131/12/202131/01/2022DutchPDF
Micro model30/06/202031/12/202028/01/2021DutchPDF
Micro model30/06/201931/12/201929/01/2020DutchPDF
Micro model30/06/201831/12/201829/01/2019DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 30/06/2025 · 2 active · 4 ended

Active mandates

Sébastien Van Hoorde

Managing director · since 08 décembre 2023 · until 28 décembre 2029

Active
Tom De Rycker

Managing director · since 08 décembre 2023 · until 28 décembre 2029

Active

Ended mandates

Sébastien Van Hoorde

Managing director · since 31 décembre 2023 · until 28 décembre 2029

Ended
Tom De Rycker

Managing director · since 31 décembre 2023 · until 28 décembre 2029

Ended
Sébastien Van Hoorde

Managing director · since 02 février 2017 · until 08 décembre 2023

Ended
Tom De Rycker

Managing director · since 02 février 2017 · until 08 décembre 2023

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other12/02/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Registered office12/09/2017
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other16/08/2017
    BENAMING
    PDF
  • Other09/02/2017
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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

Timeline

  1. 2025
    Annual accounts 2025526,1 k €
  2. 2024
    Annual accounts 2024491,1 k €
  3. 2023
    Annual accounts 2023554,7 k €
  4. 2022
    Annual accounts 2022908,1 k €
  5. 2021
    Annual accounts 202167 k €
  6. 2020
    Annual accounts 202047,2 k €
  7. 2019
    Annual accounts 2019-13,8 k €
  8. 2018
    Annual accounts 2018-57,9 k €
  9. 07/02/2017
    IncorporationPublic limited company