Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Shrinking team NBB
FTE fell two years in a row, from 1 to 0.
Financials
Financial year 2025
SEUTIN from Gingelom, company number BE0866522675, closed financial year 2025 with a result of € -23,586 after tax. For that financial year SEUTIN recorded a gross margin of € -22,919 and equity of € 65,651. Compared with financial year 2024, the result moved from € 100,921 to € -23,586. 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 July 30, 2026.
€ 65,651
▼ 45% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -23,586
▼ still € 100,921 profit in 2024
Profit after tax over the fiscal year.
€ 1,673
▼ 74% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 59,451.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 732
▼ 35% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 13,979
▼ 50% vs 2024
Loans from banks and other lenders, long and short.
€ 971
▼ 81% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 7,505
▼ 33% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 76,294 | € 46,267 | € 167,334 | € -22,919 | ▼ € 190,254 |
| Profit after taxes | € 15,649 | € -9,701 | € 100,921 | € -23,586 | ▼ € 124,507 |
| Equity | € 27,641 | € 17,940 | € 118,861 | € 65,651 | ▼ 45% |
| Total debts | € 39,181 | € 37,912 | € 44,469 | € 22,651 | ▼ 49% |
| Cash | € 14,063 | € 1,673 | € 6,436 | € 1,673 | ▼ 74% |
| Retained profit | € 21,441 | € 11,740 | € 112,661 | € 59,451 | ▼ 47% |
| Dividend | € 0 | € 0 | € 0 | € 29,624 | |
| Bank debt | € 11,574 | € 21,134 | € 27,907 | € 13,979 | ▼ 50% |
| Balance sheet total | € 66,822 | € 55,852 | € 163,331 | € 88,303 | ▼ 46% |
| Employees (FTE) | - | 1 | 0.7 | 0 | ▼ 0.7 |
Key figures of SEUTIN, 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 SEUTIN?
What happened at SEUTIN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 23,586 (▼ € 124,507 vs 2024). Source: NBB ↗
- New establishment in Gingelom. KBO
- Start of the company according to the CBE. KBO
In short
From € 15,649 profit in 2022 to € 23,586 loss in 2025.
Paid € 36,824 in corporate taxes since 2022.
Best year ever: 2024, with € 100,921 profit.
On average € 46,300 of value added per employee in 2023.
Management
Behind SEUTIN is Bart Raphaël Seutin. Bart Raphaël Seutin is also behind E&C.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Borlostraat 5C
3891 Gingelom
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0866.522.675
- VAT number
- BE 0866.522.675
- Registered office
- Borlostraat 5C, 3891 Gingelom
- Names & denominations
- SEUTIN
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 26 July 2004
- Peppol
- Active · Active since 3 Jun 2026