Equity
-€10,447
Debts exceed assets in financial year 2025.
SeC
Overview
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.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
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
- -€10,452▼ 194%
- €10,979▲ 84.0%
- -€10,447
- €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.
Financials
Annual accounts 2025
micro format, filed on 15-06-2026, 46 days before the deadline-€10,452
▼ €6,896
-€10,920
▼ €4,965
-€10,979
▼ €5,011
-€10,447
▼ €10,979
-33.9%
0.75
Turnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €30,853 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
-33.9%
Higher than 13% of 13,805 companies in 2025.
0.75
Higher than 19% of 13,186 companies in 2025.
-35.6%
Higher than 7% of 13,365 companies in 2025.
SeC
Middle half of the sector
80% of the sector
Micro accounts in wholesale trade (NACE 46)
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
30,853 | 1,530 | |
29/58 |
30,853 | 1,530 | |
3 |
19,436 | - | |
30/36 |
19,436 | - | |
40/41 |
6,971 | 1,028 | |
40 |
1,143 | 278 | |
41 |
5,828 | 750 | |
54/58 |
4,446 | 502 | |
| Balance sheet: equity and liabilities | |||
10/49 |
30,853 | 1,530 | |
10/15 |
-10,447 | 532 | |
10/11 |
6,500 | 6,500 | |
14 |
-16,947 | -5,968 | |
17/49 |
41,300 | 998 | |
42/48 |
41,300 | 998 | |
44 |
39,143 | 231 | |
440/4 |
39,143 | 231 | |
46 |
- | 246 | |
45 |
- | 521 | |
450/3 |
- | 521 | |
47/48 |
2,157 | - | |
| Income statement | |||
9900 |
-10,452 | -3,556 | |
630 |
- | 809 | |
640/8 |
468 | 1,591 | |
9901 |
-10,920 | -5,956 | |
75/76B |
- | 8 | |
75 |
- | 8 | |
65/66B |
58 | 20 | |
65 |
58 | 20 | |
9903 |
-10,979 | -5,968 | |
9904 |
-10,979 | -5,968 | |
9905 |
-10,979 | -5,968 | |
| Appropriation of the result | |||
9906 |
-16,947 | -5,968 | |
14P |
-5,968 | - | |
| Document | |||
The notes to these accounts have 1 item. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 15-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| - | -5,147 | ||
| - | -5,159 | ||
| 3,944 | - | ||
| -10,447 | 532 | ||
| -33.9% | - | ||
| 0.75 | - | ||
| 0.28 | - | ||
| -35.6% | - | ||
| - | -262.85 |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Insights on SeC
The operating result for 2025 is a loss of €10,920, larger than the loss of €5,956 in 2024.
Equity is negative. Debt (€41,300) exceeds the balance-sheet total (€30,853).
Board & ownership
Board
1 director, since incorporationDirector
since 07-11-2023
term without a fixed end
listed in the 2025 annual accounts, filed on 15-06-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alone“6.3. Bestuursbevoegdheid Iedere bestuurder beschikt individueel over de meest uitgebreide macht om alle daden van bestuur te verrichten die…”deed of 09-11-2023
Full text
6.3. Bestuursbevoegdheid Iedere bestuurder beschikt individueel over de meest uitgebreide macht om alle daden van bestuur te verrichten die nodig of dienstig zijn tot verwezenlijking van het voorwerp van de vennootschap met uitzondering van die handelingen waarvoor volgens de wet alleen de algemene vergadering bevoegd is. 6.4. Vertegenwoordiging 6.4.1. Iedere bestuurder vertegenwoordigt de vennootschap en treedt namens haar op in rechte en tegenover derden. 6.4.2. Indien de vennootschap een mandaat (bestuurder, dagelijks bestuurder, lid van een directieraad, vereffenaar) uitoefent in een andere vennootschap, dan wordt zij in de uitoefening van dit mandaat enkel geldig vertegenwoordigd door de daartoe aangestelde vaste vertegenwoordiger, die dient te voldoen aan de voorwaarden uiteengezet in artikel 6.2.4. hiervoor. 6.5. Bezoldiging en duur van de opdracht (…) Te zelfder tijd stelt zij vast voor welke duur de bestuurder aangesteld is. Deze duur kan zowel beperkt zijn, als gelden voor onbepaalde termijn. Indien bij de benoeming geen duur werd bepaald, wordt de bestuurder geacht te zijn aangesteld voor onbepaalde duur. Tenzij bij de benoeming anders bepaald, loopt het mandaat van bestuurder die voor een bepaalde termijn is benoemd van de algemene vergadering waarop hij wordt benoemd, tot de jaarvergadering in het boekjaar waarin zijn mandaat volgens het benoemingsbesluit verstrijkt.
Mandates through the years
1 name, the dashed line is todayEL-HASSANI Sliman
Director
Director
Board
Mandates as a list
- EL-HASSANI Sliman
- Director, from 07-11-2023 to date
Control
Capital
- Contribution
- €6,500
- Shares
- 100
- Contribution per share
- €65
- Equity per share
- -€104 in 2025
- Source
- deed of 09-11-2023
Articles of association
deed of 09-11-2023 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Friday of June at 20:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one.
- No statutory auditor
Shareholders
At incorporation
deed of 09-11-2023 ↗
- EL-HASSANI Sliman 100 shares (100%)
Network & group
No group
SeC has no parent and no holdings in its annual accounts. EL-HASSANI Sliman is the only director. SeC shares no director with another company.
At the same address
Middelmolenlaan 52E, 2100 Antwerp · 2 other companies| SC NETWORK CLEANING
establishment since 01-01-2022 · founded in 2014 |
24 FTE (2025) 0567.666.368 |
| SC Network Moving
registered office since 01-01-2022 · founded in 2021 |
total assets €38,624 (2025) 0760.777.532 |
Timeline
Timeline
8 events since 2023Filings
Establishments
Address
2023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Registered office moved within AntwerpNew registered office: Middelmolenlaan 52E, 2100 Antwerpen · Previous registered office: Santvoortbeeklaan 23B, 2100 Antwerpen (Deurne), België · Board meeting of 01-09-20262 points ▸
- Board meeting, 01-09-2026
- Registered-office move, Middelmolenlaan 52E, 2100 Antwerpen
Annual accounts 2025 filed NBBmicro format · 46 days before the deadline
2025
Annual accounts 2024 filed PDFmicro format · 44 days before the deadline
Registered office moved from Schilde to DeurneNew registered office: Santvoortbeeklaan 23B te 2100 Deurne · Previous registered office: Waterstraat 53 te 2970 Schilde · Board meeting of 10-12-20242 points ▸
- Board meeting, 10-12-2024
- Registered-office move, Santvoortbeeklaan 23B te 2100 Deurne
2024
Registered office moved from Wijnegem to SchildeNew registered office: Waterstraat 53 te 2970 Schilde · Previous registered office: Voetbalstraat 22, 2110 Wijnegem · Board meeting of 11-06-20242 points ▸
- Board meeting, 11-06-2024
- Registered-office move, Waterstraat 53 te 2970 Schilde
Registered in the Peppol Directory Reachable for e-invoices through 0208:1001994855
2023
IncorporationFounding capital of €6,500, 100 shares · Founder: EL-HASSANI Sliman · Appointment: EL-HASSANI Sliman (director) · published on 09-11-20233 points ▸
- Founder, EL-HASSANI Sliman
- Founding capital, €6,500, 100 shares
- Director appointment, EL-HASSANI Sliman
- The deed holds 3 more points.
First establishment Middelmolenlaan 52E, Antwerp
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 1001.994.855
- VAT number
- BE 1001.994.855
- Peppol ID
- 0208:1001994855
- Other Peppol ID
- 9925:BE1001994855
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 07-11-2023
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Second Friday of June at 20:00deed of 09-11-2023 (in Dutch)
- Peppol
- Reachable since 30-01-2024Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- SeC in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 09-11-2023 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Voetbalstraat 22, 2110 Wijnegem”deed of 09-11-2023 (in Dutch)
Activities
NACEBEL 202546431
Wholesale of electrical household appliances and audio-video equipment main activity
Codes under NACEBEL 2008
46431
Wholesale of electrical household appliances and audio-video equipment main activity
46190
Wholesale trade
47910
Retail trade
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Import-en export in goederen,algemeen assortiment; Detailhandel in allerlei producten via het internet (e-commerce); Groothandel in…”deed of 09-11-2023 (in Dutch)
37 activities
- Import-en export in goederen,algemeen assortiment;
- Detailhandel in allerlei producten via het internet (e-commerce);
- Groothandel in onderhouds- en reinigingsproducten,inclusief waspoeders;
- Groothandel in overig textiel;
- Groothandel in vaste,vloeibare en gasvormige brandstoffen;
- Groothandel in schoeisel;
- Groothandel in sport- en kampeerartikelen,met uitzondering van fietsen;
- Groothandel in werkkleding;
- Groothandel in papierwaren,kantoor- en schoolbehoeften;
- Groothandel in lederwaren en reisartikelen;
- Groothandel in huishoudlinnen en beddegoed;
- Groothandel in spellen en speelgoed;
- Groothandel in elektronische en telecommunicatieapparatuur en delen daarvan;
- Groothandel in dekzeilen,hoezen,parasols,zonneschermen enz.;
- Groothandel in behang,verf en woningtextiel;
- Groothandel in computers,randapparatuur en software;
- Groothandel in bouwmaterialen,algemeen assortiment;
- Groothandel in elektrische huishoudelijke apparaten en audio- en videoapparatuur;
- Groothandel in andere machines en werktuigen,n.e.g.;
- Groothandel in materiaal voor de installatie van sanitair en centrale verwarming: buizen,pijpen,fittings,kranen,verbindingsstukken,rubberslangen,enz.;
- Groothandel in sanitair:
- Groothandel in verlichtingsapparatuur;
- Groothandel in vloer- en wandtegels;
- Groothandel in weefsels en stoffen;
- Handelsbemiddeling en groothandel in onderdelen en accessoires van motorvoertuigen;
- Handelsbemiddeling in goederen,algemeen assortiment;
- Detailhandel in onderdelen en accessoires van motorvoertuigen;
- Kleinhandel in onderdelen en accessoires van auto's inclusief de kleinhandel in tweedehands onderdelen;
- Kleinhandel in reinigingsproducten;
- Detailhandel in computers,randapparatuur en software in gespecialiseerde winkels;
- Kleinhandel in spellen en speelgoed;
- Overige reiniging van gebouwen; industriële reiniging;
- Reinigen van het interieur van allerlei gebouwen: kantoren,fabrieken,werkplaatsen,allerlei commerciële gebouwen,appartementsgebouwen,enz.;
- Verhuisbedrijven;
- Verhuizing van het meubilair van particulieren,kantoren,werkplaatsen of fabrieken;
- Kleinhandel in allerlei producten op een wijze die niet is begrepen in voorgaande klassen: huis-aan-huis verkoop,verkoopautomaten,demonstratieverkoop,ambulante handel,enz.;
- Overige detailhandel,niet in winkels en exclusief markt- en straathandel.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Middelmolenlaan 52E registered office 2100 Antwerp | 07-11-2023 | 2.351.744.016 |
1 former office
- Voetbalstraat 22, 2110 Wijnegem until 20-06-2024 · deed of 20-08-2024
Buildings and parcels at the address
- Ground area
- 8,081 m²
- Buildings
- 489 m²
- Volume, LiDAR
- 538 m³
- Tallest building
- 5.6 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11012A0294/00B000 | 8,081 m² | 1 · 489 m² | 5.6 m |