ACTIVE

SETL

Financial year 2025 · closed on 31/12/2025
Net result
1,8 k €
-92.3% YoY
Gross margin
196,3 k €
+34.0% YoY
Equity
25,7 k €
+7.4% YoY

What does SETL do?

SETL is a Private limited company incorporated in 2021. Its main activity is: Real estate agencies. Its registered office is in Gent.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0779.289.387
Incorporation
23/12/2021
Legal form
Private limited company
Registered office
Kortrijksesteenweg 267
9000 Gent · FlandreSee on map
Contributed capital
3 000,00 €
Latest accounts
31/12/2025
Joint committees (1)
  • 3230
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 4 financial years

2025202420232022
Income statement
Gross margin196,3 k €146,5 k €103,9 k €58,5 k €
EBITDA15,5 k €31,9 k €31,7 k €19 k €
Operating result13,5 k €30,8 k €31,1 k €18,6 k €
Net result1,8 k €23,3 k €30,4 k €12,2 k €
Balance sheet
Equity25,7 k €23,9 k €23,2 k €15,2 k €
Total assets99 k €112,2 k €81,2 k €34,8 k €
Cash47,6 k €36,7 k €46,1 k €22,3 k €
Debts73,3 k €88,3 k €58,1 k €19,5 k €
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 · 3 active · 3 ended

Active mandates

ImmoVF

Director · since 23 décembre 2021 · 0819.517.465

Represented by Vanhaevermaet Frederik

Active
KIBO INVEST

Director · since 23 décembre 2021 · 0707.814.443

Represented by Spruyt PIETERJAN

Active
SILVA

Director · since 23 décembre 2021 · 0823.096.468

Represented by Lenaerts AXEL

Active

Ended mandates

ImmoVF

Director · since 23 décembre 2021 · 0819.517.465

Represented by Vanhaevermaet FREDERIK

Ended
KIBO INVEST

Director · since 23 décembre 2021 · 0707.814.443

Represented by Spruyt PIETERJAN

Ended
SILVA

Director · since 23 décembre 2021 · 0823.096.468

Represented by Lenaerts AXEL

Ended
Annual accounts

Full financial information

2025202420232022
Type of accountMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202323/12/2021
Closing of the financial year31/12/202531/12/202431/12/202331/12/2022
Length of the financial year12 months12 months12 months13 months
Filing date31/08/202628/08/202504/07/202422/06/2023
General meeting08/06/202610/06/202510/06/202412/06/2023
Currency of the financial yearEUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

4 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202508/06/202631/08/2026DutchPDF
Micro model31/12/202410/06/202528/08/2025DutchPDF
Micro model31/12/202310/06/202404/07/2024DutchPDF
Micro model31/12/202212/06/202322/06/2023DutchPDF
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 · 3 active · 3 ended

Active mandates

ImmoVF

Director · since 23 décembre 2021 · 0819.517.465

Represented by Vanhaevermaet Frederik

Active
KIBO INVEST

Director · since 23 décembre 2021 · 0707.814.443

Represented by Spruyt PIETERJAN

Active
SILVA

Director · since 23 décembre 2021 · 0823.096.468

Represented by Lenaerts AXEL

Active

Ended mandates

ImmoVF

Director · since 23 décembre 2021 · 0819.517.465

Represented by Vanhaevermaet FREDERIK

Ended
KIBO INVEST

Director · since 23 décembre 2021 · 0707.814.443

Represented by Spruyt PIETERJAN

Ended
SILVA

Director · since 23 décembre 2021 · 0823.096.468

Represented by Lenaerts AXEL

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office23/06/2026
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates24/02/2023
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other27/12/2021
    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 20251,8 k €
  2. 2024
    Annual accounts 202423,3 k €
  3. 2023
    Annual accounts 202330,4 k €
  4. 2022
    Annual accounts 202212,2 k €
  5. 23/12/2021
    IncorporationPrivate limited company