The higher the Checked score (0 to 100), the smaller the chance that the company goes bankrupt within twelve months. That chance sets the band, from Critical to Excellent, and within the band how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
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Bankruptcy probability within 12 months
Bankruptcy probability
It is the chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. At 0.2%, about 2 in 1,000 comparable companies go bankrupt. The higher it is, the shorter the payment term to agree.
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Financial strength
Financial strength
Financial strength measures the balance sheet and the results with three figures out of 100 from the latest annual accounts: solvency, liquidity and profitability. It does not directly set the Checked score's band. How the company does against its sector peers on these and on growth does count for its place within the band.
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Score breakdown
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Comparable companies, two years later
In July 2024, 17,811 companies had the same profile as SEC has now. Each dot stands for 45 companies, two years later.
96.5%
were still trading
3.2%
stopped another way
0.3%
went bankrupt
Small
10 to 20 years old
solvency 30% or more
a profit of 5% of the balance sheet or more
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
The companies in ten equal groups, from the lowest to the highest expected share
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
2.9%
3.1%
10
5.6%
6.1%
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,811 companies, not a prediction for SEC. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit verdict
The credit verdict says how much credit you can give the company on open account. “Acceptable” means normal terms, “With conditions” means limiting the amount or the term. “Not advised” means asking for payment up front.
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Credit check for an amount and term of your choice
“Het advies en bijstand onder als zijn vormen aan ondernemingen en particulieren en meerbepaald…” (deed in Dutch)From the articles, 16 activitiesNo NACE code in the KBO yet
The company number of SEC is 0827.641.018. The VAT number is the same number with BE in front: BE 0827.641.018.
Where is SEC based?
The registered office is at Sint-Godardusstraat 12, 1730 Asse.Company details
What is the legal form of SEC?
SEC is a private limited company (BV).
When was SEC founded?
SEC was founded on 08-07-2010.
Is SEC still active?
Yes, SEC is an active enterprise in the KBO register.
What is the turnover of SEC?
The turnover in financial year 2025 is ≈ €520,000. This figure is estimated from the gross margin of €260,609 and 875 comparable companies of the same size. It probably lies between €360,000 and €760,000. It is a rough estimate.Financials
Is SEC profitable?
In financial year 2025, SEC made a profit of €136,316.
Where can I find the annual accounts of SEC?
SEC filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of SEC due?
SEC must file the annual accounts for financial year 2026 by 31-07-2027.Timeline