SETO is a specialist medical practice in Gent. Public Limited, started on 7 February 2017, 3 establishments.

What is the address of SETO?

The registered office of SETO is located at Coupure 236, 9000 Gent.

Is SETO still active?

Yes. According to the CBE (29 October 2026) SETO is active, legal situation “Normale toestand”, started on 7 February 2017.

Is SETO registered on Peppol?

Yes, SETO is registered on the Peppol network with ID 0208:0670819831.

What is the enterprise number of SETO?

The enterprise number of SETO is BE0670819831.

When was SETO founded?

SETO was founded on 7 February 2017.

Who are the directors of SETO?

According to the 2025 annual accounts, the directors of SETO are: Tom De Rycker, Sébastien Van Hoorde.

Is SETO a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 7 February 2017; 4 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account; 3 establishments in the CBE.

How much profit did SETO make in 2025?

SETO posted a profit after taxes of € 526,132 in financial year 2025.

What is the revenue of SETO?

As a small company, SETO is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 1,469,983.

How much does an employee at SETO earn?

The average wage cost per full-time employee at SETO was € 91,000 in 2025: staff costs of € 1.1 million for 12.6 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does SETO have?

According to the 2025 annual accounts, SETO has 12.6 full-time equivalents (FTE).

SETO (Public Limited) - Gent - BE0670819831

Dossier SETO, printed on 29 October 2026 from databakkes.be/en/0670819831/seto. 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.

Tight liquidity NBB

Cash and receivables cover 27 % of short-term debt in 2025; threshold 65 %.

Financials

Financial year 2025

SETO from Gent, company number BE0670819831, closed financial year 2025 with a result of € 526,132 after tax. For that financial year SETO recorded a gross margin of € 1.5 million and equity of € 2.2 million. Compared with financial year 2024, the result moved from € 491,083 to € 526,132. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on January 23, 2026.

What it is worth Growing

€ 2.2 million

▲ 12% vs 2024

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

Profit Growing

€ 526,132

▲ 7% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 16,019

▼ 85% vs 2024

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

Where the profit goes Pays out

€ 282,353 paid out

54 % of the profit went to the shareholders, the rest stayed in the company.

People and assets in 2025

Full-time equivalents

12.6

▲ 1.4 vs 2024

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

Wage cost

€ 1.1 million

▲ 24% vs 2024

€ 91,000 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

€ 239,406

▲ 33% vs 2024

Of which on lease € 69,313.

Debts at end 2025

Bank debt ≈ 11 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.

€ 2.3 million

▼ 20% vs 2024

€ 204,522 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.

Owed to suppliers

€ 185,359

▲ 20% vs 2024

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

Taxes and wages

€ 186,963

▼ 19% 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
Gross margin	€ 527,180 Gross margin 2022: € 527,180 First fiscal year in the series	€ 1,025,092 Gross margin 2023: € 1,025,092 ▲ 94% vs 2022 (€ 527,180) Favourable step	€ 1,264,859 Gross margin 2024: € 1,264,859 ▲ 23% vs 2023 (€ 1,025,092) Favourable step	€ 1,469,983 Gross margin 2025: € 1,469,983 ▲ 16% vs 2024 (€ 1,264,859) Favourable step	▲ 16%
Profit after taxes	€ 908,127 Profit after taxes 2022: € 908,127 First fiscal year in the series	€ 554,670 Profit after taxes 2023: € 554,670 ▼ 39% vs 2022 (€ 908,127) Unfavourable step	€ 491,083 Profit after taxes 2024: € 491,083 ▼ 11% vs 2023 (€ 554,670) Unfavourable step	€ 526,132 Profit after taxes 2025: € 526,132 ▲ 7% vs 2024 (€ 491,083) Favourable step	▲ 7%
Equity	€ 1,255,625 Equity 2022: € 1,255,625 First fiscal year in the series	€ 1,710,295 Equity 2023: € 1,710,295 ▲ 36% vs 2022 (€ 1,255,625) Favourable step	€ 1,966,084 Equity 2024: € 1,966,084 ▲ 15% vs 2023 (€ 1,710,295) Favourable step	€ 2,209,863 Equity 2025: € 2,209,863 ▲ 12% vs 2024 (€ 1,966,084) Favourable step	▲ 12%
Total debts	€ 3,876,694 Total debts 2022: € 3,876,694 First fiscal year in the series	€ 3,871,550 Total debts 2023: € 3,871,550 Unchanged (€ 3,876,694) Favourable step	€ 3,589,451 Total debts 2024: € 3,589,451 ▼ 7% vs 2023 (€ 3,871,550) Favourable step	€ 3,452,074 Total debts 2025: € 3,452,074 ▼ 4% vs 2024 (€ 3,589,451) Favourable step	▼ 4%
Cash	€ 16,693 Cash 2022: € 16,693 First fiscal year in the series	€ 355,558 Cash 2023: € 355,558 ▲ € 338,865 vs 2022 (€ 16,693) Favourable step	€ 106,760 Cash 2024: € 106,760 ▼ 70% vs 2023 (€ 355,558) Unfavourable step	€ 16,019 Cash 2025: € 16,019 ▼ 85% vs 2024 (€ 106,760) Unfavourable step	▼ 85%
Land & buildings	€ 388,206 Land & buildings 2022: € 388,206 First fiscal year in the series	€ 380,660 Land & buildings 2023: € 380,660 ▼ 2% vs 2022 (€ 388,206) Unchanged	€ 124,822 Land & buildings 2024: € 124,822 ▼ 67% vs 2023 (€ 380,660) Unchanged	€ 285,358 Land & buildings 2025: € 285,358 ▲ 129% vs 2024 (€ 124,822) Unchanged	▲ 129%
Retained profit	€ 855,625 Retained profit 2022: € 855,625 First fiscal year in the series	€ 1,310,295 Retained profit 2023: € 1,310,295 ▲ 53% vs 2022 (€ 855,625) Favourable step	€ 1,566,084 Retained profit 2024: € 1,566,084 ▲ 20% vs 2023 (€ 1,310,295) Favourable step	€ 1,809,863 Retained profit 2025: € 1,809,863 ▲ 16% vs 2024 (€ 1,566,084) Favourable step	▲ 16%
Dividend	€ 95,000 Dividend 2022: € 95,000 First fiscal year in the series	€ 100,000 Dividend 2023: € 100,000 ▲ 5% vs 2022 (€ 95,000) Unchanged	€ 235,294 Dividend 2024: € 235,294 ▲ 135% vs 2023 (€ 100,000) Unchanged	€ 282,353 Dividend 2025: € 282,353 ▲ 20% vs 2024 (€ 235,294) Unchanged	▲ 20%
Bank debt	€ 3,558,237 Bank debt 2022: € 3,558,237 First fiscal year in the series	€ 3,370,610 Bank debt 2023: € 3,370,610 ▼ 5% vs 2022 (€ 3,558,237) Favourable step	€ 2,863,891 Bank debt 2024: € 2,863,891 ▼ 15% vs 2023 (€ 3,370,610) Favourable step	€ 2,301,994 Bank debt 2025: € 2,301,994 ▼ 20% vs 2024 (€ 2,863,891) Favourable step	▼ 20%
Balance sheet total	€ 5,132,319 Balance sheet total 2022: € 5,132,319 First fiscal year in the series	€ 5,581,845 Balance sheet total 2023: € 5,581,845 ▲ 9% vs 2022 (€ 5,132,319) Unchanged	€ 5,555,535 Balance sheet total 2024: € 5,555,535 Unchanged (€ 5,581,845) Unchanged	€ 5,661,937 Balance sheet total 2025: € 5,661,937 ▲ 2% vs 2024 (€ 5,555,535) Unchanged	▲ 2%
Employees (FTE)	-	-	11.2 Employees (FTE) 2024: 11.2 First fiscal year in the series	12.6 Employees (FTE) 2025: 12.6 ▲ 1.4 vs 2024 (11.2) Unchanged	▲ 1.4

Key figures of SETO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.

What happened to SETO?

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

2029 Tom De Rycker stepped down as director. NBB
2029 Sébastien Van Hoorde stepped down as director. NBB
Jan 23, 2026 New annual accounts for financial year 2025: profit of € 526,132 (▲ 7% vs 2024). Source: NBB ↗
Jun 23, 2025 New establishment in Gent. KBO
2023 Tom De Rycker became a director. NBB
2023 Sébastien Van Hoorde became a director. NBB
Jul 15, 2022 New establishment in Brugge. KBO
Feb 7, 2017 New establishment in Gent. KBO

In short

From € 908,127 profit in 2022 to € 526,132 profit in 2025.

Paid € 225,817 in corporate taxes since 2022.

Best year ever: 2022, with € 908,127 profit.

On average € 116,700 of value added per employee in 2025.

Original PDFs at the National Bank ↗

Management

SETO

HOX Orthopedie

It owns HOX Orthopedie itself.

Directors

According to the 2025 annual accounts

Tom De Rycker

Managing director

Also active at: ORIM

since 2023 · until 2029

Sébastien Van Hoorde

Managing director

since 2023 · until 2029

Establishments

Establishment units

Physical locations of this company

Registered office

Coupure 236

9000 Gent

2.263.190.439

Ottergemsesteenweg-Zuid 731

9000 Gent

Active since 7 February 2017

2.339.669.494

Koning Albert I-laan 144

8200 Brugge

Active since 15 July 2022

2.374.813.584

Poortakkerstraat 7

9051 Gent

Active since 23 June 2025

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.

All companies at this address →

IMOPTIK

€ 386,194 gross margin · 2025

SEES

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

Details

Company number

0670.819.831

VAT number

BE 0670.819.831

Registered office

Coupure 236, 9000 Gent

Names & denominations

SETO · STO

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

7 February 2017

Peppol

Active · Active since 9 Jul 2026

Activities · NACE

Activiteiten van medisch specialisten

Activiteiten van holdings

Holdings

Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies

Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering

View on CBE Public ↗ Annual accounts (NBB) ↗