S.E.C.
ActiveSummary
S.E.C. has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €12.3m and a net result of -€1.2m. Equity is growing by about 21% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
- Equity
- €12.3m
- Loss
- -€1.2m
- Damiaan 4Director · permanent representative JAVEDANI Kourosh
Why 86raises riskLiquidity: current ratio 0.01, cash €71,747, halvedLoss of €1.2m, the second in a row (financial year 2025)lowers riskSize: total assets €41.4mLegal form: public limited companyShow the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, medium-sized): better than 27% on solvency, 18% on liquidity, 22% on profitability and 15% on growth.
The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 1 day before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Weakest financial yearnet -€1.2m
- Annual accounts filedfinancial year 2024 · abbreviated…
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result turns negative in 2025: a loss of €354,314 after €199,675 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 137 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 95.6% are still going.
- Large
- solvency 10 to 30%
- a small loss
- without age
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 137 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | €0.8m | - | - | - | - | - |
| Non-recurring operating income76A | - | - | - | €0.1m | €0.07m | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.3m | €0.4m | €0.7m | €0.8m | €2.0m | €1.8m | €1.8m | ▼ 0.3% |
| Other operating charges640/8 | - | - | - | €0.05m | €0.07m | €0.07m | €0.08m | ▲ 9.2% |
| Gross operating margin9900 | €0.4m | €0.5m | €1.3m | €1.5m | €1.5m | €2.0m | €1.5m | ▼ 27.0% |
| Operating profit (loss)9901 | €0.09m | -€0.3m | €0.6m | €0.7m | -€0.5m | €0.2m | -€0.4m | - |
| Financial income75/76B | - | - | - | €0.7m | €0.001m | €0.001m | €0.002m | ▲ 152% |
| Recurring financial income75 | €74 | €38 | €261 | €0.7m | €0.001m | €0.001m | €0.002m | ▲ 152% |
| Financial charges65/66B | - | - | - | €0.5m | €0.6m | €0.9m | €0.9m | ▼ 3.7% |
| Recurring financial charges65 | €0.08m | €0.2m | €0.3m | €0.5m | €0.6m | €0.9m | €0.9m | ▼ 3.7% |
| Profit (loss) for the period before taxes9903 | €0.006m | -€0.5m | €0.3m | €0.8m | -€1.1m | -€0.7m | -€1.2m | ▼ 76.1% |
| Income taxes67/77 | - | - | - | €0.1m | - | - | - | - |
| Profit (loss) for the period9904 | €0.006m | -€0.5m | €0.3m | €0.7m | -€1.1m | -€0.7m | -€1.2m | ▼ 76.1% |
| Profit (loss) for the period to be appropriated9905 | €0.006m | -€0.5m | €0.3m | €0.7m | -€1.1m | -€0.7m | -€1.2m | ▼ 76.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €12.5m | €21.5m | €25.7m | €42.6m | €44.0m | €43.3m | €41.4m | ▼ 4.4% |
| Fixed assets21/28 | €12.1m | €21.2m | €25.4m | €41.5m | €43.5m | €43.1m | €41.3m | ▼ 4.1% |
| Tangible fixed assets22/27 | €12.0m | €21.2m | €25.4m | €41.5m | €43.5m | €38.6m | €36.9m | ▼ 4.6% |
| Land and buildings22 | - | - | - | €41.3m | €43.5m | €38.6m | €36.9m | ▼ 4.6% |
| Plant, machinery and equipment23 | - | - | - | €0.2m | - | - | - | - |
| Financial fixed assets28 | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €4.4m | €4.4m | = |
| Current assets29/58 | €0.5m | €0.3m | €0.3m | €1.1m | €0.5m | €0.2m | €0.1m | ▼ 53.2% |
| Amounts receivable within one year40/41 | €0.1m | €0.2m | €0.01m | €0.03m | - | €0.002m | €0.04m | ▲ 26× |
| Other amounts receivable41 | - | - | - | €0.03m | - | €0.002m | €0.04m | ▲ 26× |
| Cash at bank and in hand54/58 | €0.2m | €0.01m | €0.2m | €1.1m | €0.1m | €0.2m | €0.07m | ▼ 69.5% |
| Deferred charges and accrued income490/1 | - | - | - | €0.03m | €0.3m | €0.003m | €0.002m | ▼ 42.6% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €12.5m | €21.5m | €25.7m | €42.6m | €44.0m | €43.3m | €41.4m | ▼ 4.4% |
| Equity10/15 | €0.08m | -€0.4m | -€0.2m | €14.9m | €15.3m | €13.5m | €12.3m | ▼ 8.9% |
| Contributions10/11 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Capital10 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Issued capital100 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Revaluation surpluses12 | - | - | - | €14.3m | €14.9m | €12.9m | €12.0m | ▼ 6.6% |
| Reserves13 | €0.01m | €0.01m | €0.01m | €0.01m | €0.9m | €1.8m | €2.6m | ▲ 47.9% |
| Non-distributable reserves130/1 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Legal reserve130 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Distributable reserves133 | - | - | - | - | €0.9m | €1.8m | €2.6m | ▲ 48.2% |
| Profit (loss) carried forward14 | -€0.03m | -€0.5m | -€0.3m | €0.5m | -€0.6m | -€1.3m | -€2.5m | ▼ 94.2% |
| Amounts payable17/49 | €12.5m | €21.9m | €25.9m | €27.7m | €28.7m | €29.8m | €29.1m | ▼ 2.3% |
| Amounts payable after more than one year17 | - | - | €7.7m | €14.7m | €14.1m | €13.4m | €12.8m | ▼ 4.8% |
| Financial debts170/4 | - | - | - | €14.7m | €14.1m | €13.4m | €12.8m | ▼ 4.8% |
| Amounts payable within one year42/48 | €12.5m | €21.9m | €18.2m | €13.0m | €14.6m | €16.3m | €16.4m | ▲ 0.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.3m | €0.6m | €0.7m | €0.6m | ▼ 5.7% |
| Financial debts43 | - | - | - | €10.0m | €10.0m | €11.5m | €11.5m | ▼ 0.1% |
| Credit institutions430/8 | - | - | - | €10.0m | €10.0m | €11.5m | €11.5m | ▼ 0.1% |
| Trade debts44 | €0.3m | €0.2m | €0.1m | €0.6m | €0.3m | €0.1m | €0.1m | ▲ 10.7% |
| Suppliers440/4 | - | - | - | €0.6m | €0.3m | €0.1m | €0.1m | ▲ 10.7% |
| Taxes, remuneration and social security45 | - | - | - | €0.2m | €0.1m | €0.002m | - | - |
| Taxes450/3 | - | - | - | €0.2m | €0.1m | €0.002m | - | - |
| Other amounts payable47/48 | - | - | - | €1.9m | €3.6m | €4.0m | €4.1m | ▲ 2.4% |
| Accrued charges and deferred income492/3 | - | - | - | €0.006m | €0.02m | €0.1m | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.006m | -€0.5m | €0.3m | €0.7m | -€1.1m | -€0.7m | -€1.2m | ▼ 76.1% |
| + Depreciation and write-downs630 | €0.3m | €0.4m | €0.7m | €0.8m | €2.0m | €1.8m | €1.8m | ▼ 0.3% |
| Operating cash flow (approximation) | €0.3m | -€0.1m | €0.9m | €1.6m | €0.9m | €1.1m | €0.6m | ▼ 48.2% |
| Investment in fixed assets (approximation) | - | -€9.6m | -€4.9m | -€16.9m | -€4.0m | -€1.3m | -€0.01m | ▲ 99.3% |
| Change in cash | - | -€0.2m | €0.2m | €0.8m | -€0.9m | €0.09m | -€0.2m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 15 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | abbreviated format | 30-01-2026 | 2026-00029422 |
| 30-06-2024 | abbreviated format | 30-01-2025 | 2025-00021103 |
| 30-06-2023 | abbreviated format | 30-01-2024 | 2024-00023562 |
| 30-06-2022 | abbreviated format | 24-01-2023 | 2023-00005323 |
| 30-06-2021 | abbreviated format | 27-01-2022 | 2022-02000359 |
| 30-06-2020 | abbreviated format | 02-02-2021 | 2021-05100039 |
| 30-06-2019 | abbreviated format | 06-02-2020 | 2020-04700063 |
| 30-06-2018 | abbreviated format | 31-01-2019 | 2019-03100381 |
| 30-06-2017 | abbreviated format | 15-01-2018 | 2018-01300157 |
| 30-06-2016 | abbreviated format | 05-01-2017 | 2017-00400432 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 1
Permanent representatives 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Damiaan 4 |
|
| F.M.E. |
|
| STUDENTCOMFORT |
|
| STAS Jan |
|
| VANLANGENAKER Sigrid |
|
Owners and capital
Capital and shareholders
- 26-02-2024 Capital stated in the deed · €100,000 · 100 shares
Group and network
Connections & network
1 connected companyThe connected companies are in the list below.
History
Acts, filings and financial milestones
26-02
Gazette deed
Appointment: DAMIAAN 4 (sole director)Permanent representatives: JAVEDANI Kourosh and PAUWELS Tim · Resignations: Studentcomfort (director) and F.M.E. (director) · Amendment of the articles14 facts ▸
- General meeting, 20-02-2024
- Other provision, “registerinschrijving, rechtspersonenregister” (deed in Dutch)
- Other provision, “volgens verklaring, statutenwijzigingen tot op heden” (deed in Dutch)
- Amendment of the articles (2 times)
- Board rule, “artikelen onder Titel IV: Bestuur en Vertegenwoordiging aangepast, wijziging bestuursmodel naar model van enige bestuurder” (deed in Dutch)
- Capital, €100,000
- Registered-office move, 3000 Leuven, Quinten Metsysplein 12 bus 001
- Director appointment, DAMIAAN 4 (sole director)
- Permanent representative, JAVEDANI Kourosh
- Director resignation, Studentcomfort (director)
- Director resignation, F.M.E. (director)
- Permanent representative, PAUWELS Tim
- +2 further facts in this act
25-10
Gazette deed
Registered office · MiscellaneousCorrection · Registered-office move3 facts ▸
- General meeting, 22-08-2023
- Correction, “3210 LUBBEEK,BRAKUMPAD(LUB)1, materiële vergissing” (deed in Dutch)
- Registered-office move, 3020 Herent,Persilstraat 51D bus 4
14-09
Gazette deed
Resignations: STAS Jan (director) and VANLANGENAKER Sigrid (director)Director discharge · Registered-office move7 facts ▸
- General meeting, 22-08-2023
- Director resignation, STAS Jan (director)
- Director resignation, VANLANGENAKER Sigrid (director)
- Director resignation, STAS Jan (managing director)
- Director discharge, STAS Jan
- Director discharge, VANLANGENAKER Sigrid
- Registered-office move, Vondelweg 30 te 3118 Rotselaar
Show earlier events
About the unread acts
Of the 10 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 7 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Legal Entity Identifier
Environmental permits
The 10 most recent of 27 applications.
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 24066F0183/00Z000 | Flanders | 1.7 ha | 1 · 1,201 m² | 13.2 m · 2 |
| 24502B0324/00S002 | Flanders | 5,098 m² | 1 · 405 m² | 10.9 m |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- S.E.C.
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, overbrenging naar om het even welke plaats in tweetalig gebied Brussel Hoofdstad of Nederlands taalgebied door eenvoudige…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “De gedelegeerden voor het dagelijks bestuur kunnen in het kader van dat bestuur bijzondere volmachten verlenen aan iedere lasthebber. De…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Niet persoonlijk gehouden tot verbintenissen van vennootschap, enige bestuurder” (deed in Dutch)“Geheel van bestuursbevoegdheden, mogelijkheid deel te delegeren” (deed in Dutch)“1, enige bestuurder” (deed in Dutch)“Enige bestuurder, geheel van bestuursbevoegdheden” (deed in Dutch)“Enige bestuurder, dagelijks bestuur en vertegenwoordiging wat dat bestuur aangaat” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Aandelen op naam, overdrachten en overgangen slechts tegenover vennootschap en derden vanaf inschrijving in aandeelhoudersregister” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Na termijn tot betaling dwingen door alle middelen rechtens, werkelijke waarde op dag overdracht” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of December at 18:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Één of meer vereffenaars, ontbinding om welke reden en op welk ogenblik ook” (deed in Dutch)“Alle verrichtingen vermeld in de wet, algemene vergadering anders bij gewone meerderheid van stemmen” (deed in Dutch)