SECLA +
ActiveSummary
SECLA + has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €229,633 and a net result of €41,348. Equity is growing by ~13.4% per year across the filed fiscal years. Its solvency ranks better than 33% of 7900 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability63▲+7
Solvency56▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity tight (current ratio 1.37 against 1.33 in 2024; short-term debt: 65.9% and cash: 21.1% of total assets), and 69.4% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
30.6%
Return on assets
5.5%
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
23 d early
2023
19 d early
2022
33 d early
2021
4 d early
2020
1 d early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 16 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€229,633▲ 2.8%
2024 · €223,285
Total assets
€749,784▼ 7.8%
2024 · €812,876
Net result
€41,348▼ 30.3%
2024 · €59,341
Working capital
€183,678▲ 2.4%
2024 · €179,418
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€31,415▲ 5.0%€17,925▼ 42.9%€183,833▲ 926%€98,258▼ 46.6%€71,091▼ 27.6%
Net result€11,678▼ 38.0%-€2,138€127,620€59,341▼ 53.5%€41,348▼ 30.3%
Equity€138,462▲ 9.2%€136,324▼ 1.5%€213,944▲ 56.9%€223,285▲ 4.4%€229,633▲ 2.8%
Total assets€574,829▲ 6.9%€645,135▲ 12.2%€656,089▲ 1.7%€812,876▲ 23.9%€749,784▼ 7.8%
Debt€436,367▲ 6.2%€508,811▲ 16.6%€442,145▼ 13.1%€589,592▲ 33.3%€520,151▼ 11.8%
Working capital€121,833▲ 19.8%€189,799▲ 55.8%€256,017▲ 34.9%€179,418▼ 29.9%€183,678▲ 2.4%
Staff (FTE)9.2▼ 9.8%7.9▼ 14.1%7.6▼ 3.8%9.2▲ 21.1%11.7▲ 27.2%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 28% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €749,784
Fixed assets
€72,362 ▼ 24.3%
Current assets
€677,423 ▼ 5.6%
Equity and liabilities €749,784
Equity
€229,633 ▲ 2.8%
Debt
€520,151 ▼ 11.8%
Debt's share of the balance-sheet total falls from 72.5% to 69.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€95,801▼
2024 · €121,324
Cash flow
€66,058▼
2024 · €82,407
Current ratio
1.37▲
2024 · 1.33
Quick ratio
0.95▼
2024 · 1.03
Debt to equity
2.27▼
2024 · 2.64
ROE
18.0%▼
2024 · 26.6%
ROA
5.5%▼
2024 · 7.3%
Interest coverage
4.47▲
2024 · 3.42
Debt ≤ 1 year
€493,745▼
2024 · €537,818
Debt > 1 year
€17,244▼
2024 · €43,490
Income taxes
€8,687▲
2024 · €5,322
Staff costs
€774,569▲
2024 · €706,614
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,792 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
3.2%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 17,792 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 | €3,000 | €0 | €14,086 | €2,300 | €5,938 | ▲ 158% |
| Remuneration, social security and pensions62 | €610,224 | €570,341 | €575,230 | €706,614 | €774,569 | ▲ 9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,859 | €14,957 | €10,267 | €23,066 | €24,709 | ▲ 7.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0 | - | - | - | - | - |
| Other operating charges640/8 | €10,772 | €11,490 | €11,479 | €11,845 | €11,659 | ▼ 1.6% |
| Non-recurring operating charges66A | €13,250 | €115,000 | €308 | €0 | - | - |
| Gross operating margin9900 | €680,519 | €729,713 | €781,118 | €839,782 | €882,029 | ▲ 5.0% |
| Operating profit (loss)9901 | €31,415 | €17,925 | €183,833 | €98,258 | €71,091 | ▼ 27.6% |
| Financial income75/76B | €39 | €68 | €338 | €1,918 | €385 | ▼ 79.9% |
| Recurring financial income75 | €39 | €68 | €338 | €1,918 | €385 | ▼ 79.9% |
| Financial charges65/66B | €10,515 | €12,582 | €21,009 | €35,512 | €21,440 | ▼ 39.6% |
| Recurring financial charges65 | €10,515 | €12,582 | €21,009 | €35,512 | €21,440 | ▼ 39.6% |
| Profit (loss) for the period before taxes9903 | €20,938 | €5,410 | €163,162 | €64,663 | €50,036 | ▼ 22.6% |
| Income taxes67/77 | €9,260 | €7,548 | €35,542 | €5,322 | €8,687 | ▲ 63.2% |
| Profit (loss) for the period9904 | €11,678 | -€2,138 | €127,620 | €59,341 | €41,348 | ▼ 30.3% |
| Profit (loss) for the period to be appropriated9905 | €11,678 | -€2,138 | €127,620 | €59,341 | €41,348 | ▼ 30.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €574,829 | €645,135 | €656,089 | €812,876 | €749,784 | ▼ 7.8% |
| Fixed assets21/28 | €32,254 | €27,341 | €19,283 | €95,640 | €72,362 | ▼ 24.3% |
| Tangible fixed assets22/27 | €32,254 | €27,341 | €19,283 | €95,640 | €72,362 | ▼ 24.3% |
| Land and buildings22 | - | - | - | €6,185 | €8,205 | ▲ 32.6% |
| Plant, machinery and equipment23 | €25,267 | €23,978 | €18,149 | €43,940 | €33,086 | ▼ 24.7% |
| Furniture and vehicles24 | €6,987 | €3,363 | €1,134 | €45,514 | €31,071 | ▼ 31.7% |
| Current assets29/58 | €542,575 | €617,795 | €636,806 | €717,236 | €677,423 | ▼ 5.6% |
| Stocks and contracts in progress3 | €139,338 | €162,816 | €159,038 | €164,961 | €209,522 | ▲ 27.0% |
| Stocks30/36 | €139,338 | €162,816 | €159,038 | €164,961 | €189,351 | ▲ 14.8% |
| Contracts in progress37 | - | - | - | - | €20,171 | - |
| Amounts receivable within one year40/41 | €265,869 | €350,031 | €217,909 | €262,049 | €299,634 | ▲ 14.3% |
| Trade receivables40 | €244,505 | €325,681 | €198,577 | €189,952 | €248,107 | ▲ 30.6% |
| Other amounts receivable41 | €21,364 | €24,350 | €19,333 | €72,097 | €51,527 | ▼ 28.5% |
| Cash at bank and in hand54/58 | €132,764 | €87,907 | €256,708 | €281,044 | €158,549 | ▼ 43.6% |
| Deferred charges and accrued income490/1 | €4,604 | €17,041 | €3,150 | €9,183 | €9,718 | ▲ 5.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €574,829 | €645,135 | €656,089 | €812,876 | €749,784 | ▼ 7.8% |
| Equity10/15 | €138,462 | €136,324 | €213,944 | €223,285 | €229,633 | ▲ 2.8% |
| Contributions10/11 | €210,000 | €210,000 | €210,000 | €210,000 | €210,000 | = |
| Reserves13 | - | - | €3,944 | €13,285 | €19,633 | ▲ 47.8% |
| Distributable reserves133 | - | - | €3,944 | €13,285 | €19,633 | ▲ 47.8% |
| Profit (loss) carried forward14 | -€71,538 | -€73,676 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €436,367 | €508,811 | €442,145 | €589,592 | €520,151 | ▼ 11.8% |
| Amounts payable after more than one year17 | €2,316 | €75,372 | €55,970 | €43,490 | €17,244 | ▼ 60.3% |
| Financial debts170/4 | €2,316 | €75,372 | €55,970 | €43,490 | €17,244 | ▼ 60.3% |
| Amounts payable within one year42/48 | €420,742 | €427,995 | €380,789 | €537,818 | €493,745 | ▼ 8.2% |
| Current portion of amounts payable after more than one year42 | €6,741 | €20,921 | €19,402 | €25,129 | €26,246 | ▲ 4.4% |
| Financial debts43 | €197,062 | €193,713 | €198,188 | €204,797 | €207,405 | ▲ 1.3% |
| Credit institutions430/8 | €197,062 | €193,713 | €198,188 | €204,797 | €207,405 | ▲ 1.3% |
| Trade debts44 | €84,411 | €130,685 | €44,952 | €117,763 | €117,337 | ▼ 0.4% |
| Suppliers440/4 | €84,411 | €130,685 | €44,952 | €117,763 | €117,337 | ▼ 0.4% |
| Taxes, remuneration and social security45 | €57,024 | €67,895 | €68,247 | €78,951 | €45,378 | ▼ 42.5% |
| Taxes450/3 | €25,724 | €30,400 | €48,406 | €45,534 | €21,195 | ▼ 53.5% |
| Remuneration and social security454/9 | €31,300 | €37,496 | €19,841 | €33,418 | €24,183 | ▼ 27.6% |
| Other amounts payable47/48 | €75,505 | €14,782 | €50,000 | €111,178 | €97,380 | ▼ 12.4% |
| Accrued charges and deferred income492/3 | €13,308 | €5,444 | €5,386 | €8,283 | €9,162 | ▲ 10.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,678 | -€2,138 | €127,620 | €59,341 | €41,348 | ▼ 30.3% |
| + Depreciation and write-downs630 | €14,859 | €14,957 | €10,267 | €23,066 | €24,709 | ▲ 7.1% |
| Operating cash flow (approximation) | €26,537 | €12,819 | €137,887 | €82,407 | €66,058 | ▼ 19.8% |
| Investment in fixed assets (approximation) | - | -€10,044 | -€2,210 | -€99,423 | -€1,431 | ▲ 98.6% |
| Change in cash | - | -€44,857 | €168,801 | €24,336 | -€122,495 | ▼ 603% |
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 · abbreviated schema
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €127,620
Net result €127,620 after one loss-making year.
31-12
Financial
Equity above €200,000Eq €213,944 ▲56.9%
Equity rises from €136,324 to €213,944.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €9,497
Net result €9,497 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €107,943 ▲9.6%
Equity rises from €98,446 to €107,943.
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Oudsbergen · 1 establishment unit since 2016
Ground area
4.3 ha
Building footprint
2,688 m²
Volume, LiDAR
17,595 m³
Parcel 71562B0912/00C004, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SECLA +
since 20162.255.189.226
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71562B0912/00C004 | Flanders | 4.3 ha | 1 · 2,688 m² | 7.2 m · 2 fl. |
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.
Structure & network
Owners and holdings
1 ownerChain of control
Highest known parent: MVL. The sources do not say who stands above it.
Owners 1
- SECLAparentSourceaccounts SECLA 202599.52%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 193 EUR awarded · 193 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 193 EUR | 193 EUR |
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Of 20,025 companies in sector 43320 we hold annual accounts for 9,134. 7,252 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded01-07-2016
Fiscal year end31-12
Activities, NACEBEL 2025
25120Manufacture of fabricated metal products, except machinery and equipment
43320Joinery installation
25110Manufacture of metal structures and parts of structures
25510Coating of metals
25530Machining of metals
33110Repair and maintenance of fabricated metal products
46831Wholesale of construction materials, general range
E-invoicing
Reachable via Peppol
Peppol ID
0208:0658758474
Registered
21-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.