Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Busy address KBO
54 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
SEED FACTORY from Oudergem, company number BE0462033269, closed financial year 2025 with a result of € -36,756 after tax. For that financial year SEED FACTORY recorded a gross margin of € 137,402 and equity of € -580,808. Compared with financial year 2024, the result moved from € -86,643 to € -36,756. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 16, 2026.
€ -580,808
▼ € 36,756 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -36,756
▲ 58 % less loss than in 2024
Profit after tax over the fiscal year.
€ 66,466
▲ 2% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -833,203.
People and assets in 2025
1
Average over the fiscal year, from the social balance sheet.
€ 33,455
▲ 42% vs 2024
€ 33,500 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.
€ 5,226
▲ 181% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1 million
▲ 1% vs 2024
Loans from banks and other lenders, long and short.
€ 37,800
▲ 10% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 14,269
▲ 13% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 97,183 | € 148,456 | € 87,913 | € 137,402 | ▲ 56% |
| Profit after taxes | € -67,769 | € -46,709 | € -86,643 | € -36,756 | ▲ € 49,887 |
| Equity | € -410,700 | € -457,409 | € -544,052 | € -580,808 | ▼ € 36,756 |
| Total debts | € 1,113,820 | € 1,083,626 | € 1,076,159 | € 1,090,947 | ▲ 1% |
| Cash | € 89,358 | € 96,551 | € 65,213 | € 66,466 | ▲ 2% |
| Land & buildings | € 485,814 | € 422,362 | € 364,139 | € 308,591 | ▼ 15% |
| Retained profit | € -725,290 | € -751,267 | € -817,179 | € -833,203 | ▼ € 16,024 |
| Bank debt | € 988,192 | € 989,145 | € 994,989 | € 1,002,697 | ▲ 1% |
| Balance sheet total | € 703,120 | € 626,217 | € 532,106 | € 510,139 | ▼ 4% |
| Employees (FTE) | 1 | 0.9 | 1 | 1 |
Key figures of SEED FACTORY, 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 SEED FACTORY?
What happened at SEED FACTORY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Michel SALAMON stepped down as director. NBB
- Louis-Marc CHOPPINET stepped down as director. NBB
- Roland VANHEMELRYCK stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 36,756. filed late Source: NBB ↗
- Michel SALAMON became a director. NBB
- Louis-Marc CHOPPINET became a director. NBB
- Roland VANHEMELRYCK became a director. NBB
- Michel MICHIELS stepped down as director. NBB
In short
From € 67,769 loss in 2022 to € 36,756 loss in 2025.
On average € 137,400 of value added per employee in 2025.
Management
The shares are held by GYAC SRL (31.3%), Michel MICHIELS (26%), Louis-Marc CHOPPINET (25%), Pierre SNEYDERS (9.3%) and Edouard CAMBIER (8.3%).
Directors
According to the 2025 annual accounts
since 2026 · until 2031
Louis-Marc CHOPPINET
Director
since 2026 · until 2031
Roland VANHEMELRYCK
Director
since 2026 · until 2031
Michel MICHIELS
Director
Owns 26% directly
since 2020 · until 2025
Shareholders
31.3%
Michel MICHIELS · director
26%
Louis-Marc CHOPPINET
25%
Pierre SNEYDERS
9.3%
Edouard CAMBIER
8.3%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Vrijwilligerslaan 19
1160 Oudergem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 54 companies are registered at this address.
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+49 more
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Details
- Company number
- 0462.033.269
- VAT number
- BE 0462.033.269
- Registered office
- Vrijwilligerslaan 19, 1160 Oudergem
- Names & denominations
- SEED FACTORY
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 4 December 1997
- Peppol
- Active · Active since 27 Nov 2025
- Contact
- seedfactory.be
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
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