Secardis
ActiveSummary
Secardis has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20,460 and a net result of €332,664. Equity is shrinking by ~20.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency27▼-2
Growth58=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity short (current ratio 0.47 against 0.44 in 2024; short-term debt: 48.2% and cash: 8% of total assets), and 98% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
2%
Return on assets
32.5%
Age of the figures
9 mo
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 01-07-2026, 30 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
30 d early
2024
16 d early
2023
174 d early
2022
23 d late
2021
18 d early
2020
30 d early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 35 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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. Usually files around 13 July (4 of the last 5 filed years within 41 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 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 check 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 Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€20,460▼ 51.0%
2024 · €41,794
Total assets
€1.0m▼ 10.8%
2024 · €1.1m
Net result
€332,664▼ 4.3%
2024 · €347,574
Working capital
-€263,040▲ 6.6%
2024 · -€281,526
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€210,372▲ 28.3%€315,214▲ 49.8%€450,815▲ 43.0%€505,528▲ 12.1%€485,274▼ 4.0%
Net result€148,299▲ 73.7%€205,020▲ 38.2%€307,878▲ 50.2%€347,574▲ 12.9%€332,664▼ 4.3%
Equity€296,322▼ 3.8%€361,342▲ 21.9%€394,220▲ 9.1%€41,794▼ 89.4%€20,460▼ 51.0%
Total assets€1.5m▼ 0.2%€1.2m▼ 15.7%€1.2m▼ 3.9%€1.1m▼ 3.7%€1.0m▼ 10.8%
Debt€1.2m▲ 0.7%€880,165▼ 25.2%€798,878▼ 9.2%€1.1m▲ 38.6%€1.0m▼ 9.3%
Working capital€6,319€84,424▲ 1,236%€127,590▲ 51.1%-€281,526-€263,040▲ 6.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2023 Net result +50% on 2022. The accounts now follow the micro schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 4% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.0m
Fixed assets
€794,117 ▼ 14.0%
Current assets
€230,657 ▲ 2.5%
Equity and liabilities €1.0m
Equity
€20,460 ▼ 51.0%
Debt
€1.0m ▼ 9.3%
Debt's share of the balance-sheet total rises from 96.4% to 98.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€617,119▼
2024 · €628,363
Cash flow
€464,509▼
2024 · €470,409
Current ratio
0.47▲
2024 · 0.44
Debt to equity
49.09▲
2024 · 26.49
ROA
32.5%▲
2024 · 30.3%
Interest coverage
14.30▲
2024 · 14.12
Debt ≤ 1 year
€493,697▼
2024 · €506,626
Debt > 1 year
€510,617▼
2024 · €600,532
Income taxes
€109,454▼
2024 · €113,440
A ratio outside any meaningful range has been withheld (balance sheet total €1.0m, equity €20,460).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 875 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.4%
went bankrupt
1.9%
stopped otherwise
97%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 875 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €21,800 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | - | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €148,142 | €127,856 | €111,874 | €122,835 | €131,845 | ▲ 7.3% |
| Other operating charges640/8 | - | - | €5,338 | €4,451 | €4,940 | ▲ 11.0% |
| Gross operating margin9900 | €358,514 | €443,070 | €568,027 | €632,814 | €622,059 | ▼ 1.7% |
| Operating profit (loss)9901 | €210,372 | €315,214 | €450,815 | €505,528 | €485,274 | ▼ 4.0% |
| Financial income75/76B | €238 | €220 | €0 | - | €0 | - |
| Recurring financial income75 | €238 | €220 | €0 | - | €0 | - |
| Financial charges65/66B | €7,364 | €46,572 | €44,894 | €44,515 | €43,156 | ▼ 3.1% |
| Recurring financial charges65 | €7,364 | €46,572 | €44,894 | €44,515 | €43,156 | ▼ 3.1% |
| Profit (loss) for the period before taxes9903 | €203,246 | €268,862 | €405,920 | €461,014 | €442,118 | ▼ 4.1% |
| Income taxes67/77 | €54,947 | €63,842 | €98,042 | €113,440 | €109,454 | ▼ 3.5% |
| Profit (loss) for the period9904 | €148,299 | €205,020 | €307,878 | €347,574 | €332,664 | ▼ 4.3% |
| Profit (loss) for the period to be appropriated9905 | €148,299 | €205,020 | €307,878 | €347,574 | €332,664 | ▼ 4.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €1.2m | €1.2m | €1.1m | €1.0m | ▼ 10.8% |
| Fixed assets21/28 | €1.2m | €1.1m | €955,878 | €923,852 | €794,117 | ▼ 14.0% |
| Intangible fixed assets21 | €400,000 | €320,000 | €240,000 | €160,000 | €80,000 | ▼ 50.0% |
| Tangible fixed assets22/27 | €783,894 | €739,502 | €715,878 | €763,852 | €714,117 | ▼ 6.5% |
| Land and buildings22 | €2,743 | €1,372 | €0 | - | - | - |
| Plant, machinery and equipment23 | - | - | €298 | €2,147 | €1,157 | ▼ 46.1% |
| Furniture and vehicles24 | €19,196 | €5,482 | €12,238 | €87,668 | €68,230 | ▼ 22.2% |
| Leasing and similar rights25 | €761,955 | €732,648 | €703,343 | €674,037 | €644,731 | ▼ 4.3% |
| Current assets29/58 | €289,190 | €182,005 | €237,220 | €225,100 | €230,657 | ▲ 2.5% |
| Amounts receivable within one year40/41 | €33,000 | €135,504 | €154,021 | €11,964 | €17,510 | ▲ 46.4% |
| Trade receivables40 | €33,000 | €135,504 | €154,021 | €0 | - | - |
| Other amounts receivable41 | - | - | - | €11,964 | €17,510 | ▲ 46.4% |
| Cash at bank and in hand54/58 | €249,987 | €35,605 | €76,578 | €181,433 | €81,848 | ▼ 54.9% |
| Deferred charges and accrued income490/1 | €6,203 | €10,896 | €6,622 | €31,704 | €131,300 | ▲ 314% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €1.2m | €1.2m | €1.1m | €1.0m | ▼ 10.8% |
| Equity10/15 | €296,322 | €361,342 | €394,220 | €41,794 | €20,460 | ▼ 51.0% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €277,722 | €342,742 | €375,620 | €23,194 | €1,860 | ▼ 92.0% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €0 | ▼ 100% |
| Other1319 | - | - | - | - | €1,860 | - |
| Distributable reserves133 | €275,862 | €340,882 | €373,760 | €21,334 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €1.2m | €880,165 | €798,878 | €1.1m | €1.0m | ▼ 9.3% |
| Amounts payable after more than one year17 | €892,584 | €782,584 | €688,918 | €600,532 | €510,617 | ▼ 15.0% |
| Financial debts170/4 | €892,584 | €782,584 | €688,918 | €600,532 | €510,617 | ▼ 15.0% |
| Amounts payable within one year42/48 | €282,871 | €97,581 | €109,631 | €506,626 | €493,697 | ▼ 2.6% |
| Current portion of amounts payable after more than one year42 | €112,543 | €85,418 | €93,666 | €95,137 | €89,916 | ▼ 5.5% |
| Trade debts44 | €1,479 | €357 | €635 | €959 | €178 | ▼ 81.4% |
| Suppliers440/4 | €1,479 | €357 | €635 | €959 | €178 | ▼ 81.4% |
| Taxes, remuneration and social security45 | €2,747 | €7,789 | €4,800 | €0 | - | - |
| Taxes450/3 | €2,747 | €7,789 | €4,800 | €0 | - | - |
| Other amounts payable47/48 | €166,102 | €4,017 | €10,530 | €410,530 | €403,603 | ▼ 1.7% |
| Accrued charges and deferred income492/3 | €1,307 | - | €330 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €148,299 | €205,020 | €307,878 | €347,574 | €332,664 | ▼ 4.3% |
| + Depreciation and write-downs630 | €148,142 | €127,856 | €111,874 | €122,835 | €131,845 | ▲ 7.3% |
| Operating cash flow (approximation) | €296,441 | €332,876 | €419,752 | €470,409 | €464,509 | ▼ 1.3% |
| Investment in fixed assets (approximation) | - | -€3,464 | -€8,250 | -€90,809 | -€2,110 | ▲ 97.7% |
| Change in cash | - | -€214,382 | €40,973 | €104,855 | -€99,585 | ▼ 195% |
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
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
07-05
State Gazette act
Appointment: Evy Houtteman (non-statutory director)Permanent representative: Frédéric Bogaerts3 facts ▸
State Gazette act
Appointment: Evy Houtteman (non-statutory director)
Permanent representative: Frédéric Bogaerts3 facts ▸
- General meeting, 18-02-2026
- Director appointment, Evy Houtteman (non-statutory director)
- Permanent representative, Frédéric Bogaerts (permanent representative)
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €347,574 ▲12.9%
Operating result €505,528, net result €347,574, both a record.
08-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 23 days late
2022
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €85,359 ▼33.4%
Net result drops to €85,359, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not 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
1 director, last change in 2026
Evy Houtteman
CurrentNon-statutory director · since 18-02-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
4 of this company's 5 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Hove · 1 establishment unit since 2016
Ground area
1,585 m²
Building footprint
176 m²
Volume, LiDAR
2 m³
Parcel 11021A0156/00L000, Flanders · tallest building 0.2 m. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
SECARDIS
since 20162.260.474.142
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11021A0156/00L000 | Flanders | 1,585 m² | 1 · 176 m² | 0.1 m |
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.
Mandate history
1 person since 2026, 1 in office
- Board
| Name | Functions and periods |
|---|---|
| Evy Houtteman |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Identification & contact
Identification
Legal formPrivate limited company
Founded20-12-2016
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0667882216
Also
9925:BE0667882216
Registered
24-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.