S E C
ActiveS E C has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6k and a net result of €-3k. Equity is shrinking by ~17.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 70% of 13935 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability5▼-22
Solvency82▼-4
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
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
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 2025Solvency, return and age of the figures
Solvency
57.4%
Return on assets
-23.2%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-3k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
26 d late
2023
25 d early
2022
34 d early
2021
6 d early
2020
31 d late
2019
69 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€6k▼ 28.8%
2024 · €9k
2018: €21k
2019: €22k
2020: €18k
2021: €13k
2022: €13k
2023: €12k
2024: €9k
2018 → 2025
Total assets
€11k▼ 24.4%
2024 · €14k
2018: €24k
2019: €39k
2020: €35k
2021: €20k
2022: €20k
2023: €20k
2024: €14k
2018 → 2025
Net result
€-3k▲ 17.0%
2024 · €-3k
2018: €836
2019: €528
2020: €-4k
2021: €-5k
2022: €235
2023: €-1k
2024: €-3k
2018 → 2025
Working capital
€2k▼ 41.2%
2024 · €3k
2018: €21k
2019: €18k
2020: €14k
2021: €8k
2022: €7k
2023: €4k
2024: €3k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€13k-€13k▲ 1.9%€12k▼ 8.8%€9k▼ 25.7%€6k▼ 28.8%
Operating result€-4k-€3k€2k▼ 50.1%€-962€-612▲ 36.4%
Net result€-5k-€235€-1k€-3k▼ 168%€-3k▲ 17.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €612 in 2025 against €962 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11k
Fixed assets
€5k▼ 15.0%
Current assets
€6k▼ 30.4%
Equity and liabilities €11k
Equity
€6k▼ 28.8%
Debt
€5k▼ 17.6%
The debt ratio rises from 39.1% to 42.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€219▼
2024 · €914
Cash flow
€-2k▼
2024 · €-1k
Solvency
57.4%▼
2024 · 60.9%
Current ratio
1.44▼
2024 · 1.57
Quick ratio
1.44▼
2024 · 1.57
Debt / equity
0.74▲
2024 · 0.64
ROE
-40.4%▼
2024 · -34.7%
ROA
-23.2%▼
2024 · -21.1%
Interest coverage
0.66▼
2024 · 3.22
Debt
€5k▼
2024 · €6k
Debt ≤ 1 year
€4k▼
2024 · €6k
Income taxes
€2k▼
2024 · €2k
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€14k€11k▼
Fixed assets21/28€6k€5k▼
Tangible fixed assets22/27€1k€511▼
Furniture and vehicles24€1k€511▼
Financial fixed assets28€4k€4k=
Current assets29/58€9k€6k▼
Amounts receivable within one year40/41€3k€2k▼
Trade receivables40€2k€2k▼
Other amounts receivable41€223-
Cash at bank and in hand54/58€6k€4k▼
Deferred charges and accrued income490/1€221€440▲
Equity and liabilities
Total equity and liabilities10/49€14k€11k▼
Equity10/15€9k€6k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-12k€-14k▼
Amounts payable17/49€6k€5k▼
Amounts payable within one year42/48€6k€4k▼
Trade debts44€302€435▲
Suppliers440/4€302€435▲
Advances received on contracts in progress46€329-
Taxes, remuneration and social security45€5k€4k▼
Taxes450/3€5k€4k▼
Accrued charges and deferred income492/3-€370
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€832▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€3k€2k▼
Operating profit (loss)9901€-962€-612▲
Financial income75/76B€1€0▼
Recurring financial income75€1€0▼
Financial charges65/66B€283€333▲
Recurring financial charges65€283€333▲
Profit (loss) for the period before taxes9903€-1k€-945▲
Income taxes67/77€2k€2k▼
Profit (loss) for the period9904€-3k€-3k▲
Profit (loss) for the period to be appropriated9905€-3k€-3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-12k€-14k▼
Profit (loss) brought forward from the previous period14P€-9k€-12k▼
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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
06-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €235
Net result €235 after 2 loss-making years.
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-5k
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
2019
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Liedekerke · 1 establishment unit since 2004
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.
Warandestraat 641770 LiedekerkeGround area
1,058 m²
Building footprint
270 m²
Volume, LiDAR
2,266 m³
Parcel 23762D1222/00R000, Flanders · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
S E C / INCA BEHEER
since 20042.139.163.071
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23762D1222/00R000 | Flanders | 1,058 m² | 1 · 270 m² | 11.2 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
2024 · 1 entry · 84 EUR awarded · 84 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 84 EUR | 84 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 3,765 companies in sector 68321 we hold annual accounts for 1,390. 439 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-07-2004
Fiscal year end31-12
Trade name NL
INCA BEHEER
Activities, NACEBEL
68321Property management for co-owned buildings (syndics)
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.