SEC NEWGATE EU
ActiveSEC NEWGATE EU has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €454k and a net result of €-80k. Equity is shrinking by ~19.9% per year across the filed fiscal years. Its solvency ranks better than 41% of 4626 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-92
Solvency82▼-2
Growth36=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity ample (current ratio 2.26 against 2.22 in 2023), but 61.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
38.5%
Return on assets
-6.8%
Age of the figures
20 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-06-2025, 59 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
59 d early
2023
69 d early
2022
83 d early
2021
12 d early
2020
54 d early
2019
26 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€4.32M▲ 2.1%
2019 · €4.23M
2018: €4.06M
2019: €4.23M
2018 → 2020
EBIT margin
13.9%▲ 0.9pp
2019 · 13.0%
2018: 12.8%
2019: 13.0%
2018 → 2020
Net result
€-80k
2023 · €99k
2018: €351k
2019: €371k
2020: €440k
2021: €459k
2022: €312k
2023: €99k
2018 → 2024
Working capital
€648k▼ 9.4%
2023 · €714k
2018: €1.08M
2019: €1.11M
2020: €1.02M
2021: €660k
2022: €668k
2023: €714k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€4.32M-
Equity€828k-€477k▼ 42.4%€535k▲ 12.1%€534k▼ 0.3%€454k▼ 15.0%
Operating result€601k-€631k▲ 5.0%€442k▼ 30.0%€155k▼ 64.9%€-74k
Net result€440k-€459k▲ 4.3%€312k▼ 32.0%€99k▼ 68.4%€-80k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €74k after €155k in 2023, the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.18M
Fixed assets
€19k▼ 26.2%
Current assets
€1.16M▼ 10.9%
Equity and liabilities €1.18M
Equity
€454k▼ 15.0%
Debt
€726k▼ 8.6%
The debt ratio rises from 59.8% to 61.5%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€-58k▼
2023 · €171k
Cash flow
€-64k▼
2023 · €115k
Solvency
38.5%▼
2023 · 40.2%
Current ratio
2.26▲
2023 · 2.22
Quick ratio
2.26▲
2023 · 2.22
Debt / equity
1.60▲
2023 · 1.49
ROE
-17.6%▼
2023 · 18.5%
ROA
-6.8%▼
2023 · 7.4%
Interest coverage
-25.68▼
2023 · 33.84
Debt
€726k▼
2023 · €794k
Debt ≤ 1 year
€513k▼
2023 · €588k
Income taxes
€3k▼
2023 · €52k
Staff costs
€1.32M▼
2023 · €1.47M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.33M€1.18M▼
Fixed assets21/28€25k€19k▼
Tangible fixed assets22/27€25k€18k▼
Plant, machinery and equipment23€12k€7k▼
Furniture and vehicles24€13k€11k▼
Financial fixed assets28€599€599=
Current assets29/58€1.30M€1.16M▼
Amounts receivable within one year40/41€795k€763k▼
Trade receivables40€726k€692k▼
Other amounts receivable41€69k€71k▲
Cash at bank and in hand54/58€353k€271k▼
Deferred charges and accrued income490/1€155k€126k▼
Equity and liabilities
Total equity and liabilities10/49€1.33M€1.18M▼
Equity10/15€534k€454k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€472k€392k▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€466k€386k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€794k€726k▼
Amounts payable within one year42/48€588k€513k▼
Financial debts43€27k€0▼
Credit institutions430/8€27k€0▼
Trade debts44€285k€325k▲
Suppliers440/4€285k€325k▲
Taxes, remuneration and social security45€176k€189k▲
Taxes450/3€36k€35k▼
Remuneration and social security454/9€140k€154k▲
Other amounts payable47/48€100k€0▼
Accrued charges and deferred income492/3€206k€212k▲
Income statement
Code20232024
Non-recurring operating income76A€0-
Remuneration, social security and pensions62€1.47M€1.32M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€16k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€11k€-19k▼
Other operating charges640/8€1k€1k▲
Non-recurring operating charges66A€0-
Gross operating margin9900€1.65M€1.25M▼
Operating profit (loss)9901€155k€-74k▼
Financial income75/76B€219€111▼
Recurring financial income75€219€111▼
Financial charges65/66B€5k€2k▼
Recurring financial charges65€5k€2k▼
Profit (loss) for the period before taxes9903€150k€-77k▼
Income taxes67/77€52k€3k▼
Profit (loss) for the period9904€99k€-80k▼
Profit (loss) for the period to be appropriated9905€99k€-80k▼
Appropriation of the result
Profit (loss) to be appropriated9906€99k€-80k▼
Transfer from equity791/2€1k€80k▲
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7€100k€0▼
Return on contributions (dividend)694€100k€0▼
Employees696€0-
Social balance
Average headcount (FTE)908721.419.7▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-80k ▼181%
Net result drops to €-80k, the lowest in the series.
23-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
09-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Equity above €500kEq €535k ▲12.1%
5 profitable years in a row build equity to €535k.
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €459k ▲4.3%
Operating result €631k, net result €459k, both a record.
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
05-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 19 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
18-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 18 days late
2012
19-06
State Gazette act
General meeting · Director reappointment
Director appointment · Director resignation
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
13 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, Elsene · 1 establishment unit since 2001
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Defacqzstraat 521050 ElseneGround area
387 m²
Building footprint
175 m²
Volume, LiDAR
2,807 m³
Parcel 21447B0211/00V005, Brussels · tallest building 20.7 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Defacqzstraat 52, 1050 Elsene
since 20012.098.305.681
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21447B0211/00V005 | Brussels | 387 m² | 1 · 175 m² | 20.7 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Structure & network
Ownership & control
1 partySEC NEWGATE EUBE 0474.988.610
controls
Where this company holds controlthis company sits on their board1
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Of 82,241 companies in sector 70200 we hold annual accounts for 52,391. 35,299 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded13-06-2001
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70210Activities of head offices; management consultancy activities
70220Business consulting
73300Public relations and communication consultancy
74141
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.