SecES
ActiveSummary
SecES has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €29,229 and a net result of €29,040. The computed 12-month bankruptcy probability is 0.5% (low).
Overview
- Equity
- €29,229
- Profit
- €29,040
Why 85raises riskSize: total assets €38,115Last filed accounts filed 60 days late; 1 of the last 3 lateFounded in 2023lowers riskSector: Computing infrastructure, data processing, hosting and other information service activities (NACE 63)Show the evidence
Checked score
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 63, micro): better than 86% on solvency, 50% on liquidity, 85% on profitability and 99% on growth.
The bankruptcy probability was computed on 30-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 2 accounts on average 12 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- MiscellaneousCourt decision
- Back to profitnet €29,040
Financials · financial year 2025, micro format
2025 annual accounts filed late (60 days) Filed on 29 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00529354.
2024 to 2025, 2 financial years
The operating result returns to profit in 2025: €37,477 after a loss of €311 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.9% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,445 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% | 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 39,278 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.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,388 | €1,880 | ▲ 35.4% |
| Gross operating margin9900 | €1,077 | €39,357 | ▲ 37× |
| Operating profit (loss)9901 | -€311 | €37,477 | - |
| Financial income75/76B | - | €114 | - |
| Recurring financial income75 | - | €114 | - |
| Financial charges65/66B | - | €1 | - |
| Recurring financial charges65 | - | €1 | - |
| Profit (loss) for the period before taxes9903 | -€311 | €37,590 | - |
| Income taxes67/77 | - | €8,550 | - |
| Profit (loss) for the period9904 | -€311 | €29,040 | - |
| Profit (loss) for the period to be appropriated9905 | -€311 | €29,040 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €2,113 | €38,115 | ▲ 18× |
| Fixed assets21/28 | €2,083 | €6,212 | ▲ 198% |
| Tangible fixed assets22/27 | €2,083 | €6,212 | ▲ 198% |
| Plant, machinery and equipment23 | €2,083 | €1,972 | ▼ 5.3% |
| Furniture and vehicles24 | - | €4,240 | - |
| Current assets29/58 | €30 | €31,903 | ▲ 1,066× |
| Amounts receivable within one year40/41 | €30 | €24,900 | ▲ 832× |
| Trade receivables40 | - | €10,800 | - |
| Other amounts receivable41 | €30 | €14,100 | ▲ 471× |
| Cash at bank and in hand54/58 | - | €6,228 | - |
| Deferred charges and accrued income490/1 | - | €775 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €2,113 | €38,115 | ▲ 18× |
| Equity10/15 | €189 | €29,229 | ▲ 155× |
| Contributions10/11 | €500 | €500 | = |
| Contributions outside capital11 | €500 | - | - |
| Share premium1100/10 | €500 | - | - |
| Profit (loss) carried forward14 | -€311 | €28,729 | - |
| Amounts payable17/49 | €1,924 | €8,886 | ▲ 362% |
| Amounts payable within one year42/48 | €1,924 | €8,886 | ▲ 362% |
| Financial debts43 | €727 | - | - |
| Credit institutions430/8 | €727 | - | - |
| Trade debts44 | - | €336 | - |
| Suppliers440/4 | - | €336 | - |
| Taxes, remuneration and social security45 | - | €8,550 | - |
| Taxes450/3 | - | €8,550 | - |
| Other amounts payable47/48 | €1,197 | - | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€311 | €29,040 | - |
| + Depreciation and write-downs630 | €1,388 | €1,880 | ▲ 35.4% |
| Operating cash flow (approximation) | €1,077 | €30,920 | ▲ 29× |
| Investment in fixed assets (approximation) | - | -€6,009 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 29-09-2026 | 2026-00529354 |
| 31-12-2024 | micro format | 09-05-2025 | 2025-00093144 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| AGDACI Emin |
|
| AGDACI Harun |
|
| AGDACI Musa |
|
Owners and capital
Capital and shareholders
- AGDACI MUSA 50 shares
- AGDACI HARUN 50 shares
- AGDACI Harun founder
- AGDACI Musa founder
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 02-06-2023 Incorporation · €500 · 100 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
20-04
Gazette deed
MiscellaneousCourt decision1 fact ▸
- Court decision, “tribunal de l'entreprise francophone de Bruxelles, retraction of judicial dissolution” (deed in French)
05-05
Gazette deed
Resignations: AGDACI Musa (director) and AGDACI Harun (director)Appointment: AGDACI Emin (director) · Name change · Power of attorney11 facts ▸
- General meeting, 25-04-2025
- Name change, SecES
- Other provision, “rapport de l'organe d'administration sur modification de l'objet, adhésion aux conclusions” (deed in French)
- Power of attorney, Morgane DEVRIESE
- Director resignation, AGDACI Musa (director)
- Director resignation, AGDACI Harun (director)
- Director discharge, AGDACI Musa (director)
- Director discharge, AGDACI Harun (director)
- Director appointment, AGDACI Emin (director)
- Other provision, “absence de condamnation d'interdiction d'exercer, aucune condamnation prononcée” (deed in French)
- Power of attorney
15-06
Gazette deed
Appointment: AGDACI MUSA (director)Shareholding6 facts ▸
- General meeting, 31-05-2023
- Director appointment, AGDACI MUSA (director)
- Shareholding, “PARTS”, 50 (deed in French) (2 times)
- Other provision, “PARTS”, 100 (deed in French)
- Board composition, AGDACI MUSA (director)
- Board composition, AGDACI HARUN (director)
02-06
Gazette deed
IncorporationAppointment: AGDACI Harun (director) · Founder · Founding capital7 facts ▸
- Incorporation, 26-05-2023
- Founder, AGDACI Harun
- Founder, AGDACI Musa
- Founding capital, €500
- Share issue, 100, “en rémunération des apports” (deed in French)
- Registered office clause, “Rue Adolphe Lavallée 65, Molenbeek-Saint-Jean (1080 Bruxelles)” (deed in French)
- Director appointment, AGDACI Harun (director (not named in the articles))
Register details
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 31 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21012A0211/00Y006 | Brussels | 104 m² | 1 · 103 m² | 15.6 m · 4 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “D'offrir des services informatiques et de consultance en informatique et cybersécurité; Software developpement; Fournir une assistance…” (deed in French)deed of 05-05-2025
9 activities (deed in French)
- D'offrir des services informatiques et de consultance en informatique et cybersécurité ;
- Software developpement ;
- Fournir une assistance technique,administrative,organisationnelle ou commerciale ;
- La société peut organiser et dispenser la formation professionnelle et le coaching en ce qui concerne tout ce qui précède ;
- La société peut également organiser des événements en relation avec les objets précités ;
- Conception de produits logiciels,programmation,sites web,applications mobiles,gestion de base de données,infrastructure …
- Création et mise en place tout ce qui touche à l’identité numérique ;
- Traitement de données,hébergement ;
- Toutes activités qui se rapportent de près ou de loin à l’informatique.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimiteddeed of 02-06-2023
- Name clauseThe name the company operates under according to its articles.
- CHEMINEE BRUNCHdeed of 02-06-2023
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, L’organe d’administration peut décider d’établir des sièges administratifs,agences,ateliers,dépôts et…” (deed in French)deed of 02-06-2023
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Un ou plusieurs administrateurs, illimitée si aucune durée précise déterminée” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, registre des actions nominatives” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last day of May at 20:00
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Modification des statuts, à tout moment” (deed in French)