SEATIME
ActiveSEATIME has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €110k and a net result of €18k. Equity is growing by ~26.9% per year across the filed fiscal years. Its solvency ranks better than 75% of 13061 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
93
/ 100
Excellent▲ +5 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability80▼-20
Solvency92▲+7
Growth78=
Stability100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 1.73 against 1.48 in 2024), and 39.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← 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
60.2%
Return on assets
9.7%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-09-2026, 41 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
41 d late
2024
48 d late
2023
55 d late
2022
43 d late
2021
60 d late
2020
31 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€110k▲ 19.1%
2024 · €92k
2018: €19k
2019: €27k
2020: €52k
2021: €60k
2022: €46k
2023: €73k
2024: €92k
2018 → 2025
Total assets
€183k▲ 4.2%
2024 · €175k
2018: €72k
2019: €90k
2020: €239k
2021: €209k
2022: €180k
2023: €172k
2024: €175k
2018 → 2025
Net result
€18k▼ 10.4%
2024 · €20k
2018: €4k
2019: €8k
2020: €25k
2021: €9k
2022: €-15k
2023: €27k
2024: €20k
2018 → 2025
Working capital
€46k▲ 77.0%
2024 · €26k
2018: €-18k
2019: €-17k
2020: €-33k
2021: €-26k
2022: €-34k
2023: €2k
2024: €26k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€60k-€46k▼ 24.3%€73k▲ 59.0%€92k▲ 27.1%€110k▲ 19.1%
Operating result€11k-€-13k€29k€27k▼ 4.1%€23k▼ 14.7%
Net result€9k-€-15k€27k€20k▼ 26.9%€18k▼ 10.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 15% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €183k
Fixed assets
€74k▼ 22.8%
Current assets
€109k▲ 36.3%
Equity and liabilities €183k
Equity
€110k▲ 19.1%
Debt
€73k▼ 12.4%
The debt ratio falls from 47.3% to 39.8%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€45k▼
2024 · €52k
Cash flow
€39k▼
2024 · €44k
Solvency
60.2%▲
2024 · 52.7%
Current ratio
1.73▲
2024 · 1.48
Quick ratio
1.65▲
2024 · 1.37
Debt / equity
0.66▼
2024 · 0.90
ROE
16.1%▼
2024 · 21.3%
ROA
9.7%▼
2024 · 11.2%
Interest coverage
58.92▲
2024 · 52.24
Debt
€73k▼
2024 · €83k
Debt ≤ 1 year
€63k▲
2024 · €54k
Debt > 1 year
€10k▼
2024 · €29k
Income taxes
€5k▼
2024 · €7k
Staff costs
€14k▼
2024 · €15k
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€175k€183k▲
Fixed assets21/28€95k€74k▼
Tangible fixed assets22/27€95k€74k▼
Plant, machinery and equipment23€83k€65k▼
Furniture and vehicles24€2k€1k▼
Other tangible fixed assets26€10k€8k▼
Financial fixed assets28€5€5=
Current assets29/58€80k€109k▲
Stocks and contracts in progress3€6k€5k▼
Stocks30/36€6k€5k▼
Amounts receivable within one year40/41€28k€39k▲
Trade receivables40€12k€14k▲
Other amounts receivable41€16k€25k▲
Cash at bank and in hand54/58€45k€63k▲
Deferred charges and accrued income490/1€859€1k▲
Equity and liabilities
Total equity and liabilities10/49€175k€183k▲
Equity10/15€92k€110k▲
Contributions10/11€19k€19k=
Reserves13€406€406=
Distributable reserves133€406€406=
Profit (loss) carried forward14€73k€91k▲
Amounts payable17/49€83k€73k▼
Amounts payable after more than one year17€29k€10k▼
Financial debts170/4€29k€10k▼
Amounts payable within one year42/48€54k€63k▲
Current portion of amounts payable after more than one year42€19k€19k▲
Trade debts44€32k€41k▲
Suppliers440/4€32k€41k▲
Taxes, remuneration and social security45€3k€3k▼
Taxes450/3€3k€3k▼
Income statement
Code20242025
Remuneration, social security and pensions62€15k€14k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€22k▼
Other operating charges640/8€3k€3k▲
Gross operating margin9900€69k€62k▼
Operating profit (loss)9901€27k€23k▼
Financial income75/76B€107-
Recurring financial income75€107-
Financial charges65/66B€987€765▼
Recurring financial charges65€987€765▼
Profit (loss) for the period before taxes9903€27k€23k▼
Income taxes67/77€7k€5k▼
Profit (loss) for the period9904€20k€18k▼
Profit (loss) for the period to be appropriated9905€20k€18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€73k€91k▲
Profit (loss) brought forward from the previous period14P€54k€73k▲
The notes to these accounts (6 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
10-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 41 days late
2025
31-12
Financial
Equity above €100kEq €110k ▲19.1%
3 profitable years in a row build equity to €110k.
17-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 48 days late
2024
24-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 55 days late
2023
31-12
Financial
Back to profitnet €27k
Net result €27k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.04
Current ratio from 0.50 to 1.04; short-term debt falls from €67k to €51k.
12-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 43 days late
2022
31-12
Financial
Weakest financial yearnet €-15k ▼267%
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
05-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 36 days late
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 56 days late
2017
16-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 77 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, Wetteren · 1 establishment unit since 1983
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.
Schoolstraat 29230 WetterenGround area
104 m²
Building footprint
105 m²
Volume, LiDAR
831 m³
Parcel 42302E0834/00F000, Flanders · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Schoolstraat 2, 9230 Wetteren
since 19832.022.535.419
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42302E0834/00F000 | Flanders | 104 m² | 1 · 105 m² | 11.6 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 2,663 EUR awarded · 2,663 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 176 EUR | 176 EUR |
| 2024 | 1 | 176 EUR | 176 EUR |
| 2023 | 1 | 176 EUR | 176 EUR |
| 2022 | 2 | 2,135 EUR | 2,135 EUR |
Schemes
Hinderpremie bij openbare werken
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteWetteren2.022.535.419
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Of 20,231 companies in sector 56111 we hold annual accounts for 11,313. 9,357 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-06-1983
Fiscal year end31-12
Activities, NACEBEL
55302
56101Full-service restaurants
56102Limited-service restaurants
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 42 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.