Equity
-€10,447
Debts exceed assets in financial year 2025.
SeC
Lifetime
2 annual accounts with figures on one time axispeak -€3,556 (2024)
-€10,452▼ €6,896
lowest -€10,979 (2025)
-€10,979▼ €5,011
peak €532 (2024)
-€10,447▼ €10,979
€41,300▲ 41×
Board1 name since 2023
1 directorEL-HASSANI Sliman
Documentsfilings and deeds
15-06-202646 days before the deadline
2025micro format
Gross margin from -€3,556 to -€10,452Loss of €10,979Registered office moved from Schilde to Deurne 24-01Equity from €532 to -€10,447Debts from €998 to €41,300Cash from €502 to €4,446
Key points
from the 2025 annual accountsLosses
-€16,947 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
Debts
€41,300 134% of the balance sheet
Turnover not published (micro format)
Checked score
32
Weak
Financially stronger than 7% of micro companies in wholesale trade (NACE 46)
Probability in this band: 4.2% to 15.0%
Bankruptcy probability within 12 months
7.0% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.6%
01-2025: 3.7%▲ +0.1 percentage points vs 12-2024
02-2025: 7.9%▲ +4.2 percentage points vs 01-2025
03-2025: 8.5%▲ +0.6 percentage points vs 02-2025
04-2025: 8.5%● unchanged vs 03-2025
05-2025: 8.8%▲ +0.3 percentage points vs 04-2025
06-2025: 9.1%▲ +0.3 percentage points vs 05-2025highest value
07-2025: 4.5%▼ -4.6 percentage points vs 06-2025
08-2025: 4.5%● unchanged vs 07-2025
09-2025: 4.5%● unchanged vs 08-2025
10-2025: 4.5%● unchanged vs 09-2025
11-2025: 4.6%▲ +0.1 percentage points vs 10-2025
12-2025: 4.6%● unchanged vs 11-2025
01-2026: 4.6%● unchanged vs 12-2025
02-2026: 4.6%● unchanged vs 01-2026
03-2026: 4.6%● unchanged vs 02-2026
04-2026: 5.2%▲ +0.6 percentage points vs 03-2026
05-2026: 5.3%▲ +0.1 percentage points vs 04-2026
06-2026: 5.2%▼ -0.1 percentage points vs 05-2026
07-2026: 7.3%▲ +2.1 percentage points vs 06-2026
08-2026: 7.0%▼ -0.3 percentage points vs 07-2026
09-2026: 2.8%▼ -4.2 percentage points vs 08-2026lowest value
10-2026: 7.0%▲ +4.2 percentage points vs 09-2026
11-2026: 7.0%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
2 changes of registered office in 24 months
Negative equity -€10,447
Founded in 2023
lowers risk
Size: total assets €30,853
Calculation
The band follows from the bankruptcy probability. 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 46, micro). It does better than 6% of them on solvency, 17% on liquidity, 6% on profitability and 1% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 7,639 companies had the same profile as SeC has now. Each dot stands for 20 companies, two years later.
84.7%
were still trading
5.6%
stopped another way
8.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SeC itself: 7.0% within 12 months.
Test of the method
The method was tested on the 497,448 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.
| 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% |
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 7,639 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.75, below 1. Short-term debt is 133.9% and cash 14.4% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2425
2024 to 2025 · latest year -€10,447
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 15-06-2026, 46 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
46 days early
2024
44 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 45 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered office moved within Antwerp
New registered office: Middelmolenlaan 52E, 2100 Antwerpen · Previous registered office: Santvoortbeeklaan 23B, 2100 Antwerpen (Deurne), België · Board meeting of 01-09-2026 · Gazette deed
Registered office moved from Schilde to Deurne
New registered office: Santvoortbeeklaan 23B te 2100 Deurne · Previous registered office: Waterstraat 53 te 2970 Schilde · Board meeting of 10-12-2024 · Gazette deed
Registered office moved from Wijnegem to Schilde
New registered office: Waterstraat 53 te 2970 Schilde · Previous registered office: Voetbalstraat 22, 2110 Wijnegem · Board meeting of 11-06-2024 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1001994855
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SeC Antwerp | €30,853 | -€10,452 | -33.9% | - |
| Lux Lighting Lier | €24,669 | -€9,189 | -29.5% | - |
| ECIGNIC Ravels | €56,400 | -€12,278 | -12.6% | - |
| BESTSYSTEMS Roeselare | €75,630 | -€26,790 | -25.8% | - |
| Elektro World Antwerp | €41,265 | -€17,833 | -91.1% | - |
| BRANDSCONCEPT Brussels | €17,110 | -€20,393 | 86.0% | - |
| Sanremo België BV Bilzen-Hoeselt | €48,117 | -€10,366 | 97.1% | - |
These companies have the same main activity as SeC: wholesale of electrical household appliances and audio-video equipment (NACE 46431). They are comparable in size and age: total assets between €17,100 and €75,600, founded between 2021 and 2024.
Official details
Source: KBO- Status
- Active since 07-11-2023Normal situation
- Activity
- Wholesale of electrical household appliances and audio-video equipmentNACE 46431and 2 others
- Establishment unit
- 2.351.744.0162100 Antwerp, since 07-11-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 30-01-2024
Annual accounts 2025
- €30,853▲ 20×
- Filing
- Filed on 15-06-2026, 46 days before the end of the filing period
Insights on SeC
The computed 12-month bankruptcy probability of SeC is 7.0% (elevated). The 2025 annual accounts show negative equity (-€10,447) and a net result of -€10,979.
Its solvency ranks better than 13% of 13,805 sector peers (NACE 46, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SeC
- What is the company number of SeC?
- The company number of SeC is 1001.994.855. The VAT number is the same number with BE in front: BE 1001.994.855.
- Where is SeC based?
- The registered office is at Middelmolenlaan 52E, 2100 Antwerp.Company details
- What does SeC do?
- According to the KBO register, the main activity is wholesale of electrical household appliances and audio-video equipment (NACE 46431).
- What is the legal form of SeC?
- SeC is a private limited company (BV).
- When was SeC founded?
- SeC was founded on 07-11-2023.
- Is SeC still active?
- Yes, SeC is an active enterprise in the KBO register.
- What is the turnover of SeC?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is SeC profitable?
- In financial year 2025, SeC made a loss of €10,979.
- Where can I find the annual accounts of SeC?
- SeC filed 2 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
Next steps
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