Le Second Degré
ActiveThe computed 12-month bankruptcy probability of Le Second Degré is 1.9% (moderate). The 2024 annual accounts show equity of €86k and a net result of €9k. Equity is growing by ~24.8% per year across the filed fiscal years. Its solvency ranks better than 52% of 18939 sector peers (fiscal year 2024). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
50
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability46▼-16
Solvency57▲+5
Growth59=
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity short (current ratio 0.16 against 0.28 in 2023; short-term debt: 47.5% and cash: 7.5% of total assets), and 68.3% 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
31.7%
Return on assets
3.5%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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
not confirmed
2024
29 d late
2023
30 d late
2022
80 d late
2021
33 d early
2020
95 d late
2019
111 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€14k▼ 21.7%
2021 · €18k
2018: €16k
2019: €25k
2020: €23k
2021: €18k
2018 → 2022
EBIT margin
83.3%▲ 51.6pp
2021 · 31.6%
2018: 70.7%
2019: 54.0%
2020: 62.6%
2021: 31.6%
2018 → 2022
Net result
€9k▼ 66.9%
2023 · €28k
2018: €3k
2019: €7k
2020: €8k
2021: €4k
2022: €7k
2023: €28k
2018 → 2024
Working capital
€-108k▼ 11.0%
2023 · €-97k
2018: €-94k
2019: €-102k
2020: €-108k
2021: €-101k
2022: €-108k
2023: €-97k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€23k-€18k▼ 22.9%€14k▼ 21.7%
Equity€37k-€41k▲ 10.3%€48k▲ 17.8%€76k▲ 58.6%€86k▲ 12.2%
Operating result€15k-€6k▼ 61.1%€12k▲ 106%€40k▲ 242%€16k▼ 58.9%
Net result€8k-€4k▼ 50.7%€7k▲ 90.7%€28k▲ 288%€9k▼ 66.9%
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 2024; 2024 is 59% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €270k
Fixed assets
€250k=
Current assets
€20k▼ 45.3%
Equity and liabilities €270k
Equity
€86k▲ 12.2%
Debt
€184k▼ 12.4%
The debt ratio falls from 73.4% to 68.3%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
31.7%▲
2023 · 26.6%
Current ratio
0.16▼
2023 · 0.28
Quick ratio
0.16▼
2023 · 0.28
Debt / equity
2.15▼
2023 · 2.76
ROE
10.9%▼
2023 · 36.9%
ROA
3.5%▼
2023 · 9.8%
Debt
€184k▼
2023 · €211k
Debt ≤ 1 year
€128k▼
2023 · €134k
Debt > 1 year
€56k▼
2023 · €76k
Income taxes
€5k▼
2023 · €10k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€287k€270k▼
Fixed assets21/28€250k€250k=
Financial fixed assets28€250k€250k=
Current assets29/58€37k€20k▼
Amounts receivable within one year40/41€37k-
Trade receivables40€36k-
Other amounts receivable41€295-
Cash at bank and in hand54/58€377€20k▲
Equity and liabilities
Total equity and liabilities10/49€287k€270k▼
Equity10/15€76k€86k▲
Contributions10/11€19k€19k=
Outside capital11€19k-
Other1109/19€19k-
Reserves13€2k€11k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133-€9k
Profit (loss) carried forward14€56k€56k▲
Amounts payable17/49€211k€184k▼
Amounts payable after more than one year17€76k€56k▼
Financial debts170/4€76k€56k▼
Amounts payable within one year42/48€134k€128k▼
Current portion of amounts payable after more than one year42€18k€19k▲
Trade debts44€244€15k▲
Suppliers440/4€244-
Bills of exchange payable441-€15k
Taxes, remuneration and social security45€15k€12k▼
Taxes450/3€15k€12k▼
Other amounts payable47/48€101k€83k▼
Income statement
Code20232024
Other operating charges640/8€70€1k▲
Gross operating margin9900€40k€18k▼
Operating profit (loss)9901€40k€16k▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€38k€15k▼
Income taxes67/77€10k€5k▼
Profit (loss) for the period9904€28k€9k▼
Profit (loss) for the period to be appropriated9905€28k€9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€56k€65k▲
Profit (loss) brought forward from the previous period14P€28k€56k▲
Transfer to equity691/2-€9k
To other reserves6921-€9k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Highest result since 2018net €28k ▲288%
Operating result €40k, net result €28k, both a record.
19-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 80 days late
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
03-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 95 days late
2020
19-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 111 days late
2019
06-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 6 days late
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 353 days late
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
19-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 50 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, Wavre · 1 establishment unit since 2013
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.
Courte rue du Rivage 11300 WavreGround area
154 m²
Building footprint
113 m²
Volume, LiDAR
1,435 m³
Parcel 21822R0226/00D006, Brussels · tallest building 17.0 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Le Second Degré
since 20132.223.833.381
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21822R0226/00D006 | Brussels | 154 m² | 1 · 113 m² | 17.0 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via establishment units: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,455. 9,710 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded05-11-2013
Fiscal year end31-12
Abbreviation FR
2nddegré
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.