What does SETESCO Structural Engineers do?

SETESCO Structural Engineers is an engineering firm in Elsene. Public Limited, started on 1 January 1967, 1 establishment.

What is the address of SETESCO Structural Engineers?

The registered office of SETESCO Structural Engineers is located at Louizalaan 251 box 35, 1050 Elsene.

Is SETESCO Structural Engineers still active?

Yes. According to the CBE (29 October 2026) SETESCO Structural Engineers is active, legal situation “Normale toestand”, started on 1 January 1967.

Is SETESCO Structural Engineers registered on Peppol?

Yes, SETESCO Structural Engineers is registered on the Peppol network with ID 0208:0400524282.

What is the enterprise number of SETESCO Structural Engineers?

The enterprise number of SETESCO Structural Engineers is BE0400524282.

When was SETESCO Structural Engineers founded?

SETESCO Structural Engineers was founded on 1 January 1967.

Who are the directors of SETESCO Structural Engineers?

According to the 2025 annual accounts, the directors of SETESCO Structural Engineers are: Martin VERAART, Reda FARES.

Is SETESCO Structural Engineers a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 1 January 1967; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did SETESCO Structural Engineers make in 2025?

SETESCO Structural Engineers recorded a loss after taxes of € 74,549 in financial year 2025.

What is the revenue of SETESCO Structural Engineers?

As a small company, SETESCO Structural Engineers is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 498,372.

How much does an employee at SETESCO Structural Engineers earn?

The average wage cost per full-time employee at SETESCO Structural Engineers was € 69,900 in 2025: staff costs of € 510,381 for 7.3 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does SETESCO Structural Engineers have?

According to the 2025 annual accounts, SETESCO Structural Engineers has 7.3 full-time equivalents (FTE).

SETESCO Structural Engineers (Public Limited) - Elsene

Dossier SETESCO Structural Engineers, printed on 29 October 2026 from databakkes.be/en/0400524282/setesco-structural-engineers. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Shrinking team NBB

FTE fell two years in a row, from 9.5 to 7.3.

Financials

Financial year 2025

SETESCO Structural Engineers from Elsene, company number BE0400524282, closed financial year 2025 with a result of € -74,549 after tax. For that financial year SETESCO Structural Engineers recorded a gross margin of € 498,372 and equity of € 180,625. Compared with financial year 2024, the result moved from € 85,220 to € -74,549. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.

What it is worth Healthy

€ 180,625

▼ 30% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -74,549

▼ still € 85,220 profit in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 35,992

▼ 76% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € 118,652.

People and assets in 2025

Full-time equivalents

7.3

▼ 1 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 510,381

▼ 10% vs 2024

€ 69,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 789

▼ 91% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 5 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 96,575

▼ 53% vs 2024

€ 21,108 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.

Owed to suppliers

€ 70,574

▼ 19% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 123,882

▼ 3% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 1,223,394 Revenue 2022: € 1,223,394 First fiscal year in the series	-	-	-
Gross margin	€ 520,809 Gross margin 2022: € 520,809 First fiscal year in the series	€ 508,984 Gross margin 2023: € 508,984 ▼ 2% vs 2022 (€ 520,809) Unfavourable step	€ 705,188 Gross margin 2024: € 705,188 ▲ 39% vs 2023 (€ 508,984) Favourable step	€ 498,372 Gross margin 2025: € 498,372 ▼ 29% vs 2024 (€ 705,188) Unfavourable step	▼ 29%
Profit after taxes	€ -118,030 Profit after taxes 2022: € -118,030 First fiscal year in the series	€ -269,215 Profit after taxes 2023: € -269,215 ▼ € 151,185 vs 2022 (€ -118,030) Unfavourable step	€ 85,220 Profit after taxes 2024: € 85,220 ▲ € 354,435 vs 2023 (€ -269,215) Favourable step	€ -74,549 Profit after taxes 2025: € -74,549 ▼ € 159,769 vs 2024 (€ 85,220) Unfavourable step	▼ € 159,769
Equity	€ 489,169 Equity 2022: € 489,169 First fiscal year in the series	€ 222,624 Equity 2023: € 222,624 ▼ 54% vs 2022 (€ 489,169) Unfavourable step	€ 256,509 Equity 2024: € 256,509 ▲ 15% vs 2023 (€ 222,624) Favourable step	€ 180,625 Equity 2025: € 180,625 ▼ 30% vs 2024 (€ 256,509) Unfavourable step	▼ 30%
Total debts	€ 317,845 Total debts 2022: € 317,845 First fiscal year in the series	€ 562,202 Total debts 2023: € 562,202 ▲ 77% vs 2022 (€ 317,845) Unfavourable step	€ 471,548 Total debts 2024: € 471,548 ▼ 16% vs 2023 (€ 562,202) Favourable step	€ 291,031 Total debts 2025: € 291,031 ▼ 38% vs 2024 (€ 471,548) Favourable step	▼ 38%
Cash	€ 198,409 Cash 2022: € 198,409 First fiscal year in the series	€ 161,696 Cash 2023: € 161,696 ▼ 19% vs 2022 (€ 198,409) Unfavourable step	€ 150,149 Cash 2024: € 150,149 ▼ 7% vs 2023 (€ 161,696) Unfavourable step	€ 35,992 Cash 2025: € 35,992 ▼ 76% vs 2024 (€ 150,149) Unfavourable step	▼ 76%
Retained profit	€ 427,196 Retained profit 2022: € 427,196 First fiscal year in the series	€ 157,981 Retained profit 2023: € 157,981 ▼ 63% vs 2022 (€ 427,196) Unfavourable step	€ 193,201 Retained profit 2024: € 193,201 ▲ 22% vs 2023 (€ 157,981) Favourable step	€ 118,652 Retained profit 2025: € 118,652 ▼ 39% vs 2024 (€ 193,201) Unfavourable step	▼ 39%
Dividend	€ 0 Dividend 2022: € 0 First fiscal year in the series	€ 0 Dividend 2023: € 0 Unchanged (€ 0) Unchanged	€ 50,000 Dividend 2024: € 50,000 Unchanged (€ 0) Unchanged	€ 0 Dividend 2025: € 0 ▼ 100% vs 2024 (€ 50,000) Unchanged	▼ 100%
Bank debt	€ 93,333 Bank debt 2022: € 93,333 First fiscal year in the series	€ 231,072 Bank debt 2023: € 231,072 ▲ 148% vs 2022 (€ 93,333) Unfavourable step	€ 206,763 Bank debt 2024: € 206,763 ▼ 11% vs 2023 (€ 231,072) Favourable step	€ 96,575 Bank debt 2025: € 96,575 ▼ 53% vs 2024 (€ 206,763) Favourable step	▼ 53%
Balance sheet total	€ 807,014 Balance sheet total 2022: € 807,014 First fiscal year in the series	€ 784,826 Balance sheet total 2023: € 784,826 ▼ 3% vs 2022 (€ 807,014) Unchanged	€ 728,057 Balance sheet total 2024: € 728,057 ▼ 7% vs 2023 (€ 784,826) Unchanged	€ 471,656 Balance sheet total 2025: € 471,656 ▼ 35% vs 2024 (€ 728,057) Unchanged	▼ 35%
Employees (FTE)	9.2 Employees (FTE) 2022: 9.2 First fiscal year in the series	9.5 Employees (FTE) 2023: 9.5 ▲ 0.3 vs 2022 (9.2) Unchanged	8.3 Employees (FTE) 2024: 8.3 ▼ 1.2 vs 2023 (9.5) Unchanged	7.3 Employees (FTE) 2025: 7.3 ▼ 1 vs 2024 (8.3) Unchanged	▼ 1

Key figures of SETESCO Structural Engineers, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.

What happened to SETESCO Structural Engineers?

What happened at SETESCO Structural Engineers in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2029 Martin VERAART stepped down as director. NBB
2029 Reda FARES stepped down as director. NBB
Aug 31, 2026 New annual accounts for financial year 2025: loss of € 74,549 (▼ € 159,769 vs 2024). filed late Source: NBB ↗
2023 Martin VERAART became a director. NBB
2023 Reda FARES became a director. NBB
Jan 1, 1967 New establishment in Elsene. KBO
Jan 1, 1967 Start of the company according to the CBE. KBO

In short

From € 118,030 loss in 2022 to € 74,549 loss in 2025.

Paid € 2,734 in corporate taxes since 2022.

Best year ever: 2024, with € 85,220 profit.

On average € 68,300 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

Directors

According to the 2025 annual accounts

Martin VERAART

Managing director

since 2023 · until 2029

Reda FARES

Managing director

since 2023 · until 2029

Establishments

Establishment units

Physical locations of this company

Registered office

Louizalaan 251 box 35

1050 Elsene

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.

All companies at this address →

Agrer

€ 7.1 million revenue · 2025

Société de Transactions Immobilières et de Constructions

€ 2.3 million revenue · 2025

Comentri

€ 16,789 gross margin · 2025

SOMIBA

€ 463,349 gross margin · 2025

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0400.524.282

VAT number

BE 0400.524.282

Registered office

Louizalaan 251 bus 35, 1050 Elsene

Names & denominations

SETESCO Structural Engineers

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

1 January 1967

Peppol

Active · Active since 4 Dec 2025

Activities · NACE

Activiteiten van ingenieurs en aanverwante technische adviseurs, exclusief landmeters-experts

Technische studiën en ingenieursactiviteiten

View on CBE Public ↗ Annual accounts (NBB) ↗