Sea4M
ActiveSea4M has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €207k and a net result of €84k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 34% of 17022 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
84
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability89=
Solvency65▲+16
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 2.77 against 1.95 in 2024; short-term debt: 24.2% and cash: 24.9% of total assets), but 59.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
40.1%
Return on assets
16.2%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €207k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
61 d late
2023
65 d late
2022
30 d late
2021
340 d late
2020
30 d late
2019
91 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€207k▲ 67.5%
2024 · €124k
2018: €81k
2019: €119k
2020: €86k
2021: €11k
2022: €43k
2023: €76k
2024: €124k
2018 → 2025
Total assets
€517k▲ 0.7%
2024 · €513k
2018: €256k
2019: €625k
2020: €471k
2021: €421k
2022: €436k
2023: €439k
2024: €513k
2018 → 2025
Net result
€84k▲ 0.9%
2024 · €83k
2018: €60k
2019: €98k
2020: €-33k
2021: €-75k
2022: €32k
2023: €34k
2024: €83k
2018 → 2025
Working capital
€221k▲ 42.7%
2024 · €155k
2018: €109k
2019: €241k
2020: €144k
2021: €100k
2022: €124k
2023: €126k
2024: €155k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€11k-€43k▲ 303%€76k▲ 78.9%€124k▲ 62.3%€207k▲ 67.5%
Operating result€-67k-€43k€42k▼ 2.0%€119k▲ 185%€111k▼ 7.0%
Net result€-75k-€32k€34k▲ 4.9%€83k▲ 146%€84k▲ 0.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 7% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €517k
Fixed assets
€171k▼ 12.9%
Current assets
€346k▲ 9.1%
Equity and liabilities €517k
Equity
€207k▲ 67.5%
Debt
€310k▼ 20.6%
The debt ratio falls from 75.9% to 59.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€138k▼
2024 · €147k
Cash flow
€111k▲
2024 · €110k
Solvency
40.1%▲
2024 · 24.1%
Current ratio
2.77▲
2024 · 1.95
Quick ratio
2.77▲
2024 · 1.95
Debt / equity
1.49▼
2024 · 3.15
ROE
40.3%▼
2024 · 66.9%
ROA
16.2%▲
2024 · 16.1%
Interest coverage
22.21▼
2024 · 22.76
Debt
€310k▼
2024 · €390k
Debt ≤ 1 year
€125k▼
2024 · €162k
Debt > 1 year
€184k▼
2024 · €226k
Income taxes
€25k▼
2024 · €30k
Staff costs
€107
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€513k€517k▲
Fixed assets21/28€196k€171k▼
Tangible fixed assets22/27€196k€171k▼
Land and buildings22€160k€150k▼
Plant, machinery and equipment23€17k€12k▼
Furniture and vehicles24€19k€8k▼
Other tangible fixed assets26€848€848=
Current assets29/58€317k€346k▲
Amounts receivable after more than one year29-€122k
Trade receivables290-€122k
Amounts receivable within one year40/41€209k€94k▼
Trade receivables40€52k€75k▲
Other amounts receivable41€158k€19k▼
Cash at bank and in hand54/58€108k€129k▲
Deferred charges and accrued income490/1€2€781▲
Equity and liabilities
Total equity and liabilities10/49€513k€517k▲
Equity10/15€124k€207k▲
Contributions10/11€19k€19k=
Reserves13€105k€189k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€8k€8k=
Distributable reserves133€95k€179k▲
Amounts payable17/49€390k€310k▼
Amounts payable after more than one year17€226k€184k▼
Financial debts170/4€226k€184k▼
Amounts payable within one year42/48€162k€125k▼
Current portion of amounts payable after more than one year42€46k€41k▼
Trade debts44€13k€6k▼
Suppliers440/4€13k€6k▼
Taxes, remuneration and social security45€68k€78k▲
Taxes450/3€68k€71k▲
Remuneration and social security454/9-€7k
Other amounts payable47/48€35k-
Accrued charges and deferred income492/3€1k-
Income statement
Code20242025
Remuneration, social security and pensions62-€107
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€27k▼
Other operating charges640/8€5k€198▼
Gross operating margin9900€152k€138k▼
Operating profit (loss)9901€119k€111k▼
Financial income75/76B€0€4k▲
Recurring financial income75€0€4k▲
Financial charges65/66B€6k€6k▼
Recurring financial charges65€6k€6k▼
Profit (loss) for the period before taxes9903€113k€109k▼
Income taxes67/77€30k€25k▼
Profit (loss) for the period9904€83k€84k▲
Profit (loss) for the period to be appropriated9905€83k€84k▲
Appropriation of the result
Profit (loss) to be appropriated9906€83k€84k▲
Transfer from equity791/2€35k-
Transfer to equity691/2€83k€84k▲
To other reserves6921€83k€84k▲
Profit to be distributed694/7€35k-
Return on contributions (dividend)694€35k-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Equity above €200kEq €207k ▲67.5%
4 profitable years in a row build equity to €207k.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Equity above €100kEq €124k ▲62.3%
3 profitable years in a row build equity to €124k.
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 65 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 340 days late
2022
31-12
Financial
Back to profitnet €32k
Net result €32k after 2 loss-making years.
2021
31-12
Financial
Weakest financial yearnet €-75k
Net result drops to €-75k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Highest result since 2018net €98k ▲63.4%
Operating result €148k, net result €98k, both a record.
31-12
Financial
Equity above €100kEq €119k ▲47.5%
2 profitable years in a row build equity to €119k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
27-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 270 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Erpe-Mere · 1 establishment unit since 2008
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Aaigemdries 239420 Erpe-MereGround area
965 m²
Building footprint
456 m²
Volume, LiDAR
1,994 m³
2 parcels, Flanders · tallest building 9.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Sea4M
since 20082.174.614.690
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41001A0902/00C000 | Flanders | 588 m² | 1 · 306 m² | 7.0 m · 1 fl. |
| 41342B1043/00S000 | Flanders | 378 m² | 1 · 150 m² | 9.8 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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Of 30,000 companies in sector 62200 we hold annual accounts for 18,394. 14,593 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded14-11-2008
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
63110Computing infrastructure, data processing, hosting and other information service activities
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.