S E C
ActiveSummary
S E C has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6,217 and a net result of -€2,514. Equity is shrinking by about 18% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2028. Its solvency ranks better than 71% of 17,057 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Equity
- €6,217
- Loss
- -€2,514
- BEECKMAN Inge Rachel ClementDirector
- BOGAERT Carlo GastonDirector
Why 92raises riskLoss of €2,514, the second in a row (financial year 2025)lowers riskSize: total assets €10,835Liquidity: current ratio 1.44, cash €3,567Sector: Real estate activities (NACE 68)Show the evidence
Checked score
About 1 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 (NACE 68, micro): better than 69% on solvency, 82% on liquidity, 11% on profitability and 17% on growth.
The bankruptcy probability was computed on 27-10-2026 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 5 days after the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €612 in 2025 against €962 in 2024; the loss shrinks.
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.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 5,831 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 84.5% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.1% 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 5,831 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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €576 | €576 | - | €148 | €1,192 | €1,513 | €1,876 | €832 | ▼ 55.7% |
| Other operating charges640/8 | - | - | - | €348 | €2,040 | €2,120 | €2,189 | €2,255 | ▲ 3.0% |
| Gross operating margin9900 | €4,050 | €2,643 | -€2,367 | -€3,523 | €6,719 | €5,373 | €3,103 | €2,475 | ▼ 20.2% |
| Operating profit (loss)9901 | €2,547 | €1,670 | -€3,063 | -€4,018 | €3,488 | €1,740 | -€962 | -€612 | ▲ 36.4% |
| Financial income75/76B | - | - | - | €963 | €1 | €5 | €1 | €0 | ▼ 74.3% |
| Recurring financial income75 | - | €557 | €1,134 | €963 | €1 | €5 | €1 | €0 | ▼ 74.3% |
| Financial charges65/66B | - | - | - | €521 | €354 | €278 | €283 | €333 | ▲ 17.4% |
| Recurring financial charges65 | €417 | €604 | €865 | €521 | €354 | €278 | €283 | €333 | ▲ 17.4% |
| Profit (loss) for the period before taxes9903 | €2,130 | €1,623 | -€2,794 | -€3,576 | €3,134 | €1,466 | -€1,244 | -€945 | ▲ 24.1% |
| Income taxes67/77 | €1,294 | €1,095 | €1,217 | €1,535 | €2,899 | €2,594 | €1,784 | €1,569 | ▼ 12.0% |
| Profit (loss) for the period9904 | €836 | €528 | -€4,011 | -€5,111 | €235 | -€1,128 | -€3,028 | -€2,514 | ▲ 17.0% |
| Profit (loss) for the period to be appropriated9905 | €836 | €528 | -€4,011 | -€5,111 | €235 | -€1,128 | -€3,028 | -€2,514 | ▲ 17.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €24,054 | €38,695 | €35,255 | €20,274 | €20,092 | €20,136 | €14,339 | €10,835 | ▼ 24.4% |
| Fixed assets21/28 | €576 | €4,200 | €4,200 | €6,755 | €6,868 | €7,418 | €5,542 | €4,711 | ▼ 15.0% |
| Tangible fixed assets22/27 | €576 | - | - | €2,555 | €2,668 | €3,218 | €1,342 | €511 | ▼ 62.0% |
| Furniture and vehicles24 | - | - | - | €2,555 | €2,668 | €3,218 | €1,342 | €511 | ▼ 62.0% |
| Financial fixed assets28 | - | €4,200 | €4,200 | €4,200 | €4,200 | €4,200 | €4,200 | €4,200 | = |
| Current assets29/58 | €23,478 | €34,495 | €31,055 | €13,519 | €13,223 | €12,718 | €8,796 | €6,125 | ▼ 30.4% |
| Amounts receivable within one year40/41 | €2,279 | €30,256 | €30,039 | €12,377 | €7,087 | €5,445 | €2,695 | €2,118 | ▼ 21.4% |
| Trade receivables40 | - | - | - | €1,356 | €6,864 | €5,222 | €2,472 | €2,118 | ▼ 14.3% |
| Other amounts receivable41 | - | - | - | €11,021 | €223 | €223 | €223 | - | - |
| Cash at bank and in hand54/58 | €21,077 | €3,786 | €1,016 | €1,110 | €6,075 | €7,053 | €5,880 | €3,567 | ▼ 39.3% |
| Deferred charges and accrued income490/1 | - | - | - | €32 | €62 | €219 | €221 | €440 | ▲ 98.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €24,054 | €38,695 | €35,255 | €20,274 | €20,092 | €20,136 | €14,339 | €10,835 | ▼ 24.4% |
| Equity10/15 | €21,246 | €21,774 | €17,764 | €12,652 | €12,887 | €11,759 | €8,731 | €6,217 | ▼ 28.8% |
| Contributions10/11 | €18,750 | €18,750 | - | €18,750 | €18,750 | €18,750 | €18,750 | €18,750 | = |
| Contributions outside capital11 | - | - | - | €18,750 | €18,750 | - | - | - | - |
| Other1109/19 | - | - | - | €18,750 | €18,750 | - | - | - | - |
| Reserves13 | €1,702 | €1,728 | €1,728 | €1,728 | €1,728 | €1,728 | €1,728 | €1,728 | = |
| Non-distributable reserves130/1 | - | - | - | €1,639 | €1,639 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,639 | €1,639 | - | - | - | - |
| Distributable reserves133 | - | - | - | €89 | €89 | €1,728 | €1,728 | €1,728 | = |
| Profit (loss) carried forward14 | €795 | €1,296 | -€2,715 | -€7,826 | -€7,591 | -€8,719 | -€11,747 | -€14,261 | ▼ 21.4% |
| Amounts payable17/49 | €2,808 | €16,921 | €17,491 | €7,622 | €7,204 | €8,377 | €5,607 | €4,618 | ▼ 17.6% |
| Amounts payable within one year42/48 | €2,808 | €16,921 | €17,491 | €5,967 | €6,187 | €8,377 | €5,607 | €4,249 | ▼ 24.2% |
| Trade debts44 | €232 | €580 | €1,802 | €3,106 | €133 | €566 | €302 | €435 | ▲ 44.1% |
| Suppliers440/4 | - | - | - | €3,106 | €133 | €566 | €302 | €435 | ▲ 44.1% |
| Advances received on contracts in progress46 | - | - | - | €108 | - | - | €329 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €2,752 | €6,003 | €7,661 | €4,976 | €3,813 | ▼ 23.4% |
| Taxes450/3 | - | - | - | €2,752 | €5,003 | €6,061 | €4,976 | €3,813 | ▼ 23.4% |
| Remuneration and social security454/9 | - | - | - | - | €1,000 | €1,600 | - | - | - |
| Other amounts payable47/48 | - | - | - | - | €50 | €150 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €1,655 | €1,017 | - | - | €370 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €836 | €528 | -€4,011 | -€5,111 | €235 | -€1,128 | -€3,028 | -€2,514 | ▲ 17.0% |
| + Depreciation and write-downs630 | €576 | €576 | - | €148 | €1,192 | €1,513 | €1,876 | €832 | ▼ 55.7% |
| Operating cash flow (approximation) | €1,412 | €1,104 | -€4,011 | -€4,963 | €1,427 | €385 | -€1,152 | -€1,682 | ▼ 46.0% |
| Investment in fixed assets (approximation) | - | -€4,200 | €0 | -€2,703 | -€1,305 | -€2,063 | €0 | €0 | - |
| Change in cash | - | -€17,291 | -€2,770 | €94 | €4,965 | €979 | -€1,173 | -€2,313 | ▼ 97.2% |
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 21 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 02-07-2026 | 2026-00246516 |
| 31-12-2024 | micro format | 26-08-2025 | 2025-00404491 |
| 31-12-2023 | micro format | 06-07-2024 | 2024-00216541 |
| 31-12-2022 | micro format | 27-06-2023 | 2023-00162324 |
| 31-12-2021 | micro format | 25-07-2022 | 2022-20225913 |
| 31-12-2020 | micro format | 31-08-2021 | 2021-61200355 |
| 31-12-2019 | micro format | 08-10-2020 | 2020-60300361 |
| 31-12-2018 | micro format | 03-07-2019 | 2019-28900386 |
| 31-12-2017 | micro format | 25-06-2018 | 2018-23900273 |
| 31-12-2016 | micro format | 14-06-2017 | 2017-17700287 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2024 · 1 entry · €84 awarded · €84 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| BEECKMAN Inge Rachel Clement |
|
| BOGAERT Carlo Gaston |
|
Owners and capital
Capital and shareholders
- 28-11-2023 Converted to unavailable equity
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
28-11
Gazette deed
Resignations: BOGAERT Carlo Gaston (statutory manager) and BEECKMAN Inge Rachel Clement (manager)Appointments: BOGAERT Carlo Gaston (director) and BEECKMAN Inge Rachel Clement (director) · Amendment of the articles · Capital conversion15 facts ▸
- General meeting, 22-11-2023
- Director resignation, BOGAERT Carlo Gaston (statutory manager)
- Director appointment, BOGAERT Carlo Gaston (director (not named in the articles)) (2 times)
- Amendment of the articles, “Artikel 12” (deed in Dutch)
- Amendment of the articles (2 times)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “opheffing, middelen beschikbaar voor uitkering” (deed in Dutch)
- Capital
- Other provision, “Statutair onbeschikbare eigen vermogensrekening, Artikel 6” (deed in Dutch)
- Director resignation, BEECKMAN Inge Rachel Clement (manager (not named in the articles))
- Director appointment, BEECKMAN Inge Rachel Clement (director (not named in the articles))
- Other provision, “kwijting ontslagnemende zaakvoerders, volgende jaarvergadering” (deed in Dutch)
- +3 further facts in this act
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23762D1222/00R000 | Flanders | 1,058 m² | 1 · 270 m² | 11.2 m · 3 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Dienstverlening in de informatica of het uitvoeren van automatiserings-opdrachten waaronder…” (deed in Dutch)
15 activities (deed in Dutch)
- Dienstverlening in de informatica of het uitvoeren van automatiserings-opdrachten waaronder consulting,advies,opleidingen,studies,support,detachering,analyse en programmering,systeemprogrammering,systeem-engineering;
- Aan- en verkoop,import en export,de vervaardiging en het ontwerpen van hard- en software;
- Alle bovenvermelde activiteiten kunnen ook worden uitgevoerd in onder-aanneming of uitgevoerd door derden.
- Het optreden als tussenpersoon in de handel(commissionair).
- Het uitoefenen van het beroep van "Syndicus en Rentmeester" in de breedste zin van het woord.
- Het uitoefenen van alle beroepswerkzaamheden van "Vastgoedmakelaar".Alle onroerende goederen-gebouwen en gronden-aankopen,verkopen,ruilen,huren en verhuren,verkavelen,uitbaten,in waarde brengen,beheren en er toezicht op uitoefenen.Dit voor eigen rekening alsook voor rekening van derden.
- Het uitoefenen van het beroep van "Vastgoedexpert",zijnde het uitvoeren van schattingen,het opmaken van plaatsbeschrijvingen,het regelen van schadegevallen,het opmeten en afpalen van onroerende goederen,alle studies omtrent onroerende goederen ontwerpen.
- Het optreden als "Coördinator in de bouw" in het algemeen voor zowel woningen en appartementen,zowel privaat als openbaar.
- Het in bedrijf houden van gebouwen door onder meer:schoonmaak,leveren van verbruiksgoederen zoals brandstoffen,zouten enz…en onderhoud van allerlei installaties.
- Het optreden als "verzekeringsmakelaar",algemeen,gewoon agent of raadgever in verzekeringszaken,het beheren van verzekeringsportefeuilles en het voeren van verzekeringsadministraties en dit voor eigen rekening als voor rekening van derden,in het algemeen alle commerciële verhandelingen die direct of indirect het verzekeringswezen aanbelangen.
- Het optreden als "Bemiddelaar" voor hypothecaire en andere leningen,financieringen,leasingen,geldbeleggingen,mogelijke geldplaatsingen,spaar-activiteiten en andere financiële verrichtingen,alle mogelijke geld-plaatsingen,borgstellingen en waarborgen voor derden doch uitsluitend in hoedanigheid van bemiddelaar,tussenpersoon of vertegenwoordiger.
- Daden stellen in verband met de publiciteitssector.
- Het aankopen van vruchtgebruik of naakte eigendom van onroerende goederen.
- De overname en overlating realiseren van lichamelijke en onlichamelijke goederen en rechten,hierin begrepen het overnemen en overlaten van handelsfondsen.
- Aan- en verkopen van aandelen,obligaties en andere beleggingsvormen van zowel publieke als private ondernemingen.
- 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.
- One provision in the deed
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Artikel 14. Vertegenwoordigingsbevoegdheid Iedere bestuurder vertegenwoordigt de vennootschap jegens derden en in rechte als eiser of als…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Aantal,duur opdracht en bij meerdere bestuurders bevoegdheid, natuurlijke personen of rechtspersonen,al dan niet aandeelhouder” (deed in Dutch)“Algemene kosten,los van representatie-,reis- en verplaatsingskosten, algemene vergadering” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- One provision in the deed
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Voor helft ten laste overdrager en voor helft ten laste koper(s),naar evenredigheid verworven aantal bij meerdere kopers, ten minste helft…” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Tuesday of June at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vereist voor statutenwijziging, op elk moment” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Ontbinding om welke reden en op welk ogenblik ook, één of meerdere vereffenaars aanduiden,bevoegdheden omlijnen,vergoeding bepalen” (deed in Dutch)