Financials
Financial year 2025
SetBIT from Ieper, company number BE0730623893, closed financial year 2025 with a result of € 31,108 after tax. For that financial year SetBIT recorded a gross margin of € 72,077 and equity of € 98,742. Compared with financial year 2024, the result moved from € 91,121 to € 31,108. The company is profitable. 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 December 22, 2025.
€ 98,742
▲ 46% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 31,108
▼ 66% vs 2024
Profit after tax over the fiscal year.
€ 35,086
▼ 78% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 92,742.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 1,372
▼ 49% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 78,869
€ 7,500 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 937
▼ 28% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 11,510
▼ 58% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 19,111 | € 45,666 | € 122,291 | € 72,077 | ▼ 41% |
| Profit after taxes | € 11,159 | € 34,207 | € 91,121 | € 31,108 | ▼ 66% |
| Equity | € 61,359 | € 67,641 | € 67,634 | € 98,742 | ▲ 46% |
| Total debts | € 25,375 | € 69,696 | € 138,714 | € 102,717 | ▼ 26% |
| Cash | € 72,271 | € 108,718 | € 161,962 | € 35,086 | ▼ 78% |
| Land & buildings | - | - | - | € 126,917 | |
| Retained profit | € 55,359 | € 61,641 | € 61,634 | € 92,742 | ▲ 50% |
| Dividend | € 0 | € 0 | € 91,128 | € 0 | ▼ 100% |
| Bank debt | € 0 | € 0 | € 0 | € 78,869 | |
| Balance sheet total | € 86,734 | € 137,338 | € 206,348 | € 201,459 | ▼ 2% |
Key figures of SetBIT, 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 SetBIT?
What happened at SetBIT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 31,108 (▼ 66% vs 2024). Source: NBB ↗
- New establishment in Ieper. KBO
- Seth Verfaillie became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 11,159 profit in 2022 to € 31,108 profit in 2025.
Paid € 45,555 in corporate taxes since 2022.
Best year ever: 2024, with € 91,121 profit.
Paid out € 91,128 in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2025 annual accounts
Seth Verfaillie
Director
since 2019
Establishments
Establishment units
Physical locations of this company
Wittemolenstraat 20
8900 Ieper
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0730.623.893
- VAT number
- BE 0730.623.893
- Registered office
- Wittemolenstraat 20, 8900 Ieper
- Names & denominations
- SetBIT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 July 2019
- Peppol
- Active · Active since 10 Feb 2026
- Activities · NACE
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