SEC
ActiveSummary
SEC has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €296,817 and a net result of €76,736. Equity is growing by ~31.5% per year across the filed fiscal years. Its solvency ranks better than 61% of 7794 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability89▲+13
Solvency89▲+12
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 1.63 against 0.57 in 2024; short-term debt: 13.2% and cash: 16.5% of total assets), and 36.2% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
63.8%
Return on assets
16.5%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-08-2026, 12 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
12 d late
2024
92 d late
2023
48 d early
2022
78 d late
2021
85 d late
2020
156 d late
2019
67 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 63 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€296,817▲ 34.9%
2024 · €220,082
Total assets
€464,899▲ 9.7%
2024 · €423,607
Net result
€76,736▲ 193%
2024 · €26,221
Working capital
€38,366
2024 · -€25,250
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€157,147▲ 444%€43,782▼ 72.1%€97,757▲ 123%€51,380▼ 47.4%€122,873▲ 139%
Net result€95,421▲ 1,163%€19,286▼ 79.8%€54,413▲ 182%€26,221▼ 51.8%€76,736▲ 193%
Equity€120,162▲ 386%€139,448▲ 16.0%€193,861▲ 39.0%€220,082▲ 13.5%€296,817▲ 34.9%
Total assets€462,132▼ 1.3%€494,133▲ 6.9%€498,182▲ 0.8%€423,607▼ 15.0%€464,899▲ 9.7%
Debt€341,970▼ 22.9%€354,685▲ 3.7%€304,320▼ 14.2%€203,525▼ 33.1%€168,082▼ 17.4%
Working capital-€89,552▲ 9.0%-€102,851▼ 14.9%-€31,017▲ 69.8%-€25,250▲ 18.6%€38,366
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 139% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €464,899
Fixed assets
€365,254 ▼ 6.3%
Current assets
€99,645 ▲ 196%
Equity and liabilities €464,899
Equity
€296,817 ▲ 34.9%
Debt
€168,082 ▼ 17.4%
Debt's share of the balance-sheet total falls from 48.0% to 36.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€148,655▲
2024 · €76,957
Cash flow
€102,517▲
2024 · €51,798
Current ratio
1.63▲
2024 · 0.57
Debt to equity
0.57▼
2024 · 0.92
ROE
25.9%▲
2024 · 11.9%
ROA
16.5%▲
2024 · 6.2%
Interest coverage
16.00▲
2024 · 6.66
Debt ≤ 1 year
€61,279▲
2024 · €58,936
Debt > 1 year
€106,804▼
2024 · €144,589
Income taxes
€36,877▲
2024 · €13,638
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €133,098 | €56 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,973 | €24,774 | €25,571 | €25,577 | €25,781 | ▲ 0.8% |
| Other operating charges640/8 | €2,318 | €10,230 | €7,005 | €3,866 | €5,923 | ▲ 53.2% |
| Gross operating margin9900 | €186,438 | €78,786 | €130,332 | €80,823 | €154,578 | ▲ 91.3% |
| Operating profit (loss)9901 | €157,147 | €43,782 | €97,757 | €51,380 | €122,873 | ▲ 139% |
| Financial income75/76B | €0 | - | - | €41 | €29 | ▼ 28.1% |
| Recurring financial income75 | €0 | - | - | €41 | €29 | ▼ 28.1% |
| Financial charges65/66B | €14,692 | €12,638 | €15,637 | €11,561 | €9,290 | ▼ 19.6% |
| Recurring financial charges65 | €14,692 | €12,638 | €15,637 | €11,561 | €9,290 | ▼ 19.6% |
| Profit (loss) for the period before taxes9903 | €142,455 | €31,144 | €82,120 | €39,859 | €113,612 | ▲ 185% |
| Income taxes67/77 | €47,035 | €11,858 | €27,708 | €13,638 | €36,877 | ▲ 170% |
| Profit (loss) for the period9904 | €95,421 | €19,286 | €54,413 | €26,221 | €76,736 | ▲ 193% |
| Profit (loss) for the period to be appropriated9905 | €95,421 | €19,286 | €54,413 | €26,221 | €76,736 | ▲ 193% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €462,132 | €494,133 | €498,182 | €423,607 | €464,899 | ▲ 9.7% |
| Fixed assets21/28 | €430,473 | €436,428 | €415,498 | €389,921 | €365,254 | ▼ 6.3% |
| Tangible fixed assets22/27 | €429,378 | €435,333 | €414,403 | €388,826 | €364,159 | ▼ 6.3% |
| Land and buildings22 | €425,297 | €432,112 | €407,771 | €383,981 | €360,190 | ▼ 6.2% |
| Furniture and vehicles24 | €4,080 | €3,221 | €6,632 | €4,845 | €3,969 | ▼ 18.1% |
| Financial fixed assets28 | €1,095 | €1,095 | €1,095 | €1,095 | €1,095 | = |
| Current assets29/58 | €31,659 | €57,705 | €82,684 | €33,686 | €99,645 | ▲ 196% |
| Amounts receivable within one year40/41 | €31,258 | €33,777 | €31,169 | €23,674 | €22,850 | ▼ 3.5% |
| Trade receivables40 | €12,100 | €11,901 | - | - | - | - |
| Other amounts receivable41 | €19,158 | €21,877 | €31,169 | €23,674 | €22,850 | ▼ 3.5% |
| Cash at bank and in hand54/58 | - | €23,927 | €51,390 | €9,691 | €76,533 | ▲ 690% |
| Deferred charges and accrued income490/1 | €401 | - | €125 | €322 | €262 | ▼ 18.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €462,132 | €494,133 | €498,182 | €423,607 | €464,899 | ▲ 9.7% |
| Equity10/15 | €120,162 | €139,448 | €193,861 | €220,082 | €296,817 | ▲ 34.9% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €113,962 | €133,248 | €187,661 | €213,882 | €290,617 | ▲ 35.9% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | €112,102 | €131,388 | €187,661 | €213,882 | €290,617 | ▲ 35.9% |
| Amounts payable17/49 | €341,970 | €354,685 | €304,320 | €203,525 | €168,082 | ▼ 17.4% |
| Amounts payable after more than one year17 | €220,758 | €194,129 | €190,619 | €144,589 | €106,804 | ▼ 26.1% |
| Financial debts170/4 | €220,758 | €194,129 | €190,619 | €144,589 | €106,804 | ▼ 26.1% |
| Amounts payable within one year42/48 | €121,212 | €160,556 | €113,701 | €58,936 | €61,279 | ▲ 4.0% |
| Current portion of amounts payable after more than one year42 | €25,333 | €26,629 | €43,831 | €46,030 | €37,786 | ▼ 17.9% |
| Financial debts43 | €2,480 | - | - | - | €1,303 | - |
| Credit institutions430/8 | €2,480 | - | - | - | €1,303 | - |
| Trade debts44 | €564 | €25,132 | €12,271 | €12,198 | €2,531 | ▼ 79.3% |
| Suppliers440/4 | €564 | €25,132 | €12,271 | €12,198 | €2,531 | ▼ 79.3% |
| Advances received on contracts in progress46 | - | - | €11,600 | - | - | - |
| Taxes, remuneration and social security45 | €51,691 | €64,369 | €10,541 | €708 | €19,659 | ▲ 2,678% |
| Taxes450/3 | €51,691 | €64,369 | €10,541 | €708 | €19,659 | ▲ 2,678% |
| Other amounts payable47/48 | €41,143 | €44,425 | €35,458 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €95,421 | €19,286 | €54,413 | €26,221 | €76,736 | ▲ 193% |
| + Depreciation and write-downs630 | €26,973 | €24,774 | €25,571 | €25,577 | €25,781 | ▲ 0.8% |
| Operating cash flow (approximation) | €122,393 | €44,060 | €79,983 | €51,798 | €102,517 | ▲ 97.9% |
| Investment in fixed assets (approximation) | - | -€30,730 | -€4,640 | €0 | -€1,115 | - |
| Change in cash | - | - | €27,463 | -€41,699 | €66,842 | ▲ 260% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
12-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 12 days late
2025
31-12
Financial
Liquidity triplescurrent ratio 1.63
Current ratio from 0.57 to 1.63.
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 92 days late
2024
31-12
Financial
Equity above €200,000Eq €220,082 ▲13.5%
7 profitable years in a row build equity to €220,082.
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150,000Eq €193,861 ▲39%
6 profitable years in a row build equity to €193,861.
17-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 78 days late
2022
24-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 85 days late
03-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 156 days late
2021
31-12
Financial
Highest result since 2018net €95,421 ▲1,163%
Operating result €157,147, net result €95,421, both a record.
31-12
Financial
Equity above €100,000Eq €120,162 ▲386%
4 profitable years in a row build equity to €120,162.
2020
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 67 days late
Show earlier events
22-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 175 days late
2019
31-12
Financial
Weakest financial yearnet €6,725 ▼37%
Net result drops to €6,725, the lowest in the series; recovery starts the following year.
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 62 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Grimbergen
Ground area
342 m²
Building footprint
160 m²
Volume, LiDAR
823 m³
Parcel 23084A0349/00R005, Flanders · tallest building 9.9 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23084A0349/00R005 | Flanders | 342 m² | 1 · 160 m² | 9.9 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
MERCHANDISING CONSULTING SERVICES, AFGEKORT M.C.S.
BE 0830.221.713
Waterloo · Eq €296,609
BRUCON
BE 0811.579.501
Linter · Eq €296,604
Zeno Charged
BE 0784.365.457
Antwerpen · Eq €297,113
JFB
BE 0882.209.951
Antwerpen · Eq €297,188
Hof Ten Stoppelen
BE 0719.368.232
Antwerpen · Eq €296,420
Of 24,515 companies in sector 82990 we hold annual accounts for 9,413. 6,538 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-10-2009
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.