Financials
Financial year 2025
SETL from Gent, company number BE0779289387, closed financial year 2025 with a result of € 1,781 after tax. For that financial year SETL recorded a gross margin of € 196,316 and equity of € 25,721. Compared with financial year 2024, the result moved from € 23,253 to € 1,781. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 25,721
▲ 7% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1,781
▼ 92% vs 2024
Profit after tax over the fiscal year.
€ 47,581
▲ 29% 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 € 22,721.
People and assets in 2025
€ 179,835
▲ 58% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 3,962
▲ 91% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 8,074
▼ 45% vs 2024
€ 6,897 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 25,171
▲ 48% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 39,810
▲ 17% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 58,548 | € 103,866 | € 146,542 | € 196,316 | ▲ 34% |
| Profit after taxes | € 12,247 | € 30,441 | € 23,253 | € 1,781 | ▼ 92% |
| Equity | € 15,247 | € 23,188 | € 23,940 | € 25,721 | ▲ 7% |
| Total debts | € 19,507 | € 58,052 | € 88,293 | € 73,305 | ▼ 17% |
| Cash | € 22,348 | € 46,120 | € 36,750 | € 47,581 | ▲ 29% |
| Retained profit | € 12,247 | € 20,188 | € 20,940 | € 22,721 | ▲ 9% |
| Dividend | € 0 | € 22,500 | € 22,500 | € 0 | ▼ 100% |
| Bank debt | € 0 | € 0 | € 14,691 | € 8,074 | ▼ 45% |
| Balance sheet total | € 34,754 | € 81,240 | € 112,233 | € 99,026 | ▼ 12% |
Key figures of SETL, 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 SETL?
What happened at SETL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1,781 (▼ 92% vs 2024). filed late Source: NBB ↗
- New establishment in Gent. KBO
- KIBO INVEST BV became a director. NBB
- Silva BV became a director. NBB
- IMMOVF GCV became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 12,247 profit in 2022 to € 1,781 profit in 2025.
Paid € 21,005 in corporate taxes since 2022.
Best year ever: 2023, with € 30,441 profit.
Paid out € 45,000 in dividends to the owners in total.
A new publication or filing at SETL? We notify you, reason included.
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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
Behind SETL are KIBO INVEST BV, Silva BV and IMMOVF GCV. The same people are also behind Axel Lenaerts Groep, AFP Invest and Axel Lenaerts Makelaars Oudenaarde. KIBO INVEST BV is also behind AXEL LENAERTS MAKELAARS DESTELBERGEN. Silva BV is also behind AXEL LENAERTS MAKELAARS GENT.
Directors
According to the 2025 annual accounts
Director · represented by Spruyt Pieterjan
Also active at: AXEL LENAERTS MAKELAARS DESTELBERGEN, Axel Lenaerts Groep, AFP Invest, Axel Lenaerts Makelaars Oudenaarde
since 2021
Director · represented by Lenaerts Axel
Also active at: AXEL LENAERTS MAKELAARS GENT, Axel Lenaerts Groep, AFP Invest, Axel Lenaerts Makelaars Oudenaarde
since 2021
Director · represented by Vanhaevermaet Frederik
Also active at: Axel Lenaerts Groep, AFP Invest, Axel Lenaerts Makelaars Oudenaarde
since 2021
Establishments
Establishment units
Physical locations of this company
Kortrijksesteenweg 267
9000 Gent
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0779.289.387
- VAT number
- BE 0779.289.387
- Registered office
- Kortrijksesteenweg 267, 9000 Gent
- Names & denominations
- SETL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 December 2021
- Peppol
- Active · Active since 28 Oct 2025
- Activities · NACE
Bemiddeling in verband met exploitatie van en handel in onroerend goed
Activiteiten van syndici van onroerend goed
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis
Beheer van niet-residentieel onroerend goed voor een vast bedrag of op contractbasis