Financials
Financial year 2025
Setec from Glabbeek, company number BE1000236878, closed financial year 2025 with a result of € 34,372 after tax. For that financial year Setec recorded a gross margin of € 54,003 and equity of € 67,890. Compared with financial year 2024, the result moved from € 32,210 to € 34,372. 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 July 27, 2026.
€ 67,890
▲ 98% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 34,372
▲ 7% vs 2024
Profit after tax over the fiscal year.
€ 34,357
▲ 18% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 833 paid out
2 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 6,018
▼ 46% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 4,932
▼ 51% vs 2024
Loans from banks and other lenders, long and short.
€ 3,650
▼ 66% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 14,454
▲ 25% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € 51,750 | € 54,003 | ▲ 4% |
| Profit after taxes | € 32,210 | € 34,372 | ▲ 7% |
| Equity | € 34,351 | € 67,890 | ▲ 98% |
| Total debts | € 40,197 | € 24,013 | ▼ 40% |
| Cash | € 29,201 | € 34,357 | ▲ 18% |
| Retained profit | € 31,351 | € 64,890 | ▲ 107% |
| Dividend | € 859 | € 833 | ▼ 3% |
| Bank debt | € 10,035 | € 4,932 | ▼ 51% |
| Balance sheet total | € 74,548 | € 91,903 | ▲ 23% |
Key figures of Setec, fiscal years 2024 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 Setec?
What happened at Setec in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 34,372 (▲ 7% vs 2024). Source: NBB ↗
- New establishment in Glabbeek. KBO
- Start of the company according to the CBE. KBO
In short
From € 32,210 profit in 2024 to € 34,372 profit in 2025.
Paid € 17,204 in corporate taxes since 2024.
Best year ever: 2025, with € 34,372 profit.
Paid out € 1,692 in dividends to the owners in total.
Management
Behind Setec is Gunther Serneels.
Directors
According to the 2025 annual accounts
Gunther Serneels
Director
Establishments
Establishment units
Physical locations of this company
Stationsstraat 40
3380 Glabbeek
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 1000.236.878
- VAT number
- BE 1000.236.878
- Registered office
- Stationsstraat 40, 3380 Glabbeek
- Names & denominations
- Setec
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 September 2023
- Peppol
- Active · Active since 3 Dec 2025
- Activities · NACE
Installatie van verwarming, klimaatregeling, koeling en ventilatie aangedreven door elektriciteit