ACTIVE

Seiton

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Financial year 2026 · closed on 31/03/2026
Net result
649,3 k €
+117.0% YoY
Gross margin
1,7 M €
+63.6% YoY
Equity
1,1 M €
+98.6% YoY
Workforce
6,5 ETP
+38.3% YoY

What does Seiton do?

Seiton is a Private limited company incorporated in 2019. Its main activity is: Manufacture of veneer sheets and wood-based panels. Its registered office is in Izegem. It employs on average 6,5 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0728.642.719
Incorporation
19/06/2019
Legal form
Private limited company
Registered office
Slabbaardstraat-Zuid 51
8870 Izegem · FlandreSee on map
Contributed capital
480,00 €
Latest accounts
31/03/2026
Average workforce
6,5 ETP
Activities (NACE)
16210Manufacture of veneer sheets and wood-based panels· main16210Manufacture of veneer sheets and wood-based panels46732Wholesale of wood, construction materials and sanitary equipment46832Wholesale trade, except of motor vehicles and motorcycles46732Wholesale of wood, construction materials and sanitary equipment46832Wholesale trade, except of motor vehicles and motorcycles
Joint committees (2)
  • 125
  • 200
Contacts
2 public details availableLog in to view
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 5 financial years

20262025202420232022
Income statement
Gross margin1,7 M €1 M €678 k €217,5 k €126,1 k €
EBITDA917,7 k €494,7 k €392 k €66,4 k €60 k €
Operating result844,5 k €448,2 k €361,4 k €53,8 k €34 k €
Net result649,3 k €299,2 k €244,3 k €9,1 k €12,8 k €
Balance sheet
Equity1,1 M €567,2 k €268 k €23,7 k €14,6 k €
Total assets3,9 M €3,2 M €1,9 M €1,2 M €810,7 k €
Cash255,3 k €272,1 k €193,1 k €100,5 k €149,9 k €
Debts2,7 M €2,6 M €1,6 M €1,2 M €777,3 k €
Other
Workforce6,5 ETP4,7 ETP3,0 ETP––
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/03/2026 · 1 active · 2 ended

Active mandates

LDH CONSULT

Director · since 18 mai 2020 · 0737.582.357

Represented by Lowie D'Hulst

Active

Ended mandates

LDH CONSULT

Director · since 18 mai 2020 · until 17 mai 2026 · 0737.582.357

Represented by D'hulst LOWIE

Ended
LFG CommV

Director · since 18 mai 2020 · until 17 mai 2026 · 0746.737.573

Represented by Niehe Stéphanie

Ended
At this address

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0822.719.554
Annual accounts

Full financial information

202620252024202320222021
Type of accountAbridged modelAbridged modelAbridged modelMicro modelMicro modelAbridged model
Start of the financial year01/04/202501/04/202401/04/202301/04/202201/04/202119/06/2019
Closing of the financial year31/03/202631/03/202531/03/202431/03/202331/03/202231/03/2021
Length of the financial year12 months12 months12 months12 months12 months22 months
Filing date26/06/202631/10/202531/10/202402/06/202329/09/202226/07/2021
General meeting11/06/202630/09/202519/09/202403/05/202308/09/202208/07/2021
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

6 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/03/202611/06/202626/06/2026DutchPDF
Abridged model31/03/202530/09/202531/10/2025DutchPDF
Abridged model31/03/202419/09/202431/10/2024DutchPDF
Micro model31/03/202303/05/202302/06/2023DutchPDF
Micro model31/03/202208/09/202229/09/2022DutchPDF
Abridged model31/03/202108/07/202126/07/2021DutchPDF
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.

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 31/03/2026 · 1 active · 2 ended

Active mandates

LDH CONSULT

Director · since 18 mai 2020 · 0737.582.357

Represented by Lowie D'Hulst

Active

Ended mandates

LDH CONSULT

Director · since 18 mai 2020 · until 17 mai 2026 · 0737.582.357

Represented by D'hulst LOWIE

Ended
LFG CommV

Director · since 18 mai 2020 · until 17 mai 2026 · 0746.737.573

Represented by Niehe Stéphanie

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates01/07/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other22/06/2020
    ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Mandates18/06/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other21/06/2019
    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. 2026
    Annual accounts 2026649,3 k €↑
  2. 2025
    Annual accounts 2025299,2 k €↑
  3. 2024
    Annual accounts 2024244,3 k €↑
  4. 2023
    Annual accounts 20239,1 k €↓
  5. 2022
    Annual accounts 202212,8 k €
  6. 19/06/2019
    IncorporationPrivate limited company