Seco Holding & Management
ActiveSeco Holding & Management has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €301k and a net result of €161k. Equity is growing by ~13.3% per year across the filed fiscal years. Its solvency ranks better than 37% of 12690 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability85▲+51
Solvency68▲+4
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23k at 30 days acceptable
Liquidity short (current ratio 0.28 against 0.59 in 2024; short-term debt: 27.6% and cash: 6.6% of total assets), and 57.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 69
Relative position
BE, all sectors
reference
Sector 69
lower
← 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
42.8%
Return on assets
22.9%
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 05-07-2026, 26 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
26 d early
2024
35 d early
2023
20 d late
2022
29 d late
2021
8 d late
2020
15 d early
2019
20 d late
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€301k▲ 20.8%
2024 · €250k
2018: €142k
2019: €105k
2020: €125k
2021: €239k
2022: €320k
2023: €413k
2024: €250k
2018 → 2025
Total assets
€704k▲ 8.6%
2024 · €648k
2018: €863k
2019: €1.00M
2020: €856k
2021: €863k
2022: €883k
2023: €922k
2024: €648k
2018 → 2025
Net result
€161k
2024 · €-163k
2018: €71k
2019: €83k
2020: €97k
2021: €114k
2022: €81k
2023: €92k
2024: €-163k
2018 → 2025
Working capital
€-140k▼ 331%
2024 · €-33k
2018: €-43k
2019: €-234k
2020: €-377k
2021: €-281k
2022: €-26k
2023: €-52k
2024: €-33k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€239k-€320k▲ 34.0%€413k▲ 28.8%€250k▼ 39.5%€301k▲ 20.8%
Operating result€76k-€76k=€75k▼ 1.9%€66k▼ 12.0%€58k▼ 12.1%
Net result€114k-€81k▼ 28.4%€92k▲ 13.5%€-163k€161k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 12% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €704k
Fixed assets
€650k▲ 8.3%
Current assets
€54k▲ 13.6%
Equity and liabilities €704k
Equity
€301k▲ 20.8%
Debt
€402k▲ 1.0%
The debt ratio falls from 61.5% to 57.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€58k▼
2024 · €66k
Cash flow
€161k▲
2024 · €-163k
Solvency
42.8%▲
2024 · 38.5%
Current ratio
0.28▼
2024 · 0.59
Quick ratio
0.28▼
2024 · 0.59
Debt / equity
1.33▼
2024 · 1.60
ROE
53.4%▲
2024 · -65.4%
ROA
22.9%▲
2024 · -25.2%
Interest coverage
4.51▲
2024 · 4.06
Debt
€402k▲
2024 · €398k
Debt ≤ 1 year
€194k▲
2024 · €80k
Debt > 1 year
€201k▼
2024 · €308k
Income taxes
€27k▲
2024 · €12k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€648k€704k▲
Fixed assets21/28€600k€650k▲
Tangible fixed assets22/27€418€0▼
Furniture and vehicles24€418€0▼
Financial fixed assets28€600k€650k▲
Current assets29/58€47k€54k▲
Amounts receivable within one year40/41€22k€7k▼
Trade receivables40€16k€6k▼
Other amounts receivable41€6k€1k▼
Cash at bank and in hand54/58€26k€46k▲
Equity and liabilities
Total equity and liabilities10/49€648k€704k▲
Equity10/15€250k€301k▲
Contributions10/11€50k€50k=
Reserves13€190k€251k▲
Distributable reserves133€190k€251k▲
Profit (loss) carried forward14€10k€624▼
Amounts payable17/49€398k€402k▲
Amounts payable after more than one year17€308k€201k▼
Financial debts170/4€208k€151k▼
Other amounts payable178/9€100k€50k▼
Amounts payable within one year42/48€80k€194k▲
Current portion of amounts payable after more than one year42€56k€58k▲
Financial debts43€5k€5k▲
Credit institutions430/8€5k€5k▲
Trade debts44€0-
Suppliers440/4€0-
Taxes, remuneration and social security45€14k€2k▼
Taxes450/3€14k€2k▼
Other amounts payable47/48€5k€129k▲
Accrued charges and deferred income492/3€10k€8k▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€418€418▼
Other operating charges640/8€968€998▲
Gross operating margin9900€67k€59k▼
Operating profit (loss)9901€66k€58k▼
Financial income75/76B€40k€143k▲
Recurring financial income75€40k€99k▲
Non-recurring financial income76B-€44k
Financial charges65/66B€256k€13k▼
Recurring financial charges65€16k€13k▼
Non-recurring financial charges66B€240k€0▼
Profit (loss) for the period before taxes9903€-151k€188k▲
Income taxes67/77€12k€27k▲
Profit (loss) for the period9904€-163k€161k▲
Profit (loss) for the period to be appropriated9905€-163k€161k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-160k€170k▲
Profit (loss) brought forward from the previous period14P€3k€10k▲
Transfer from equity791/2€170k€100k▼
Transfer to equity691/2€0€161k▲
To other reserves6921€0€161k▲
Profit to be distributed694/7-€109k
Return on contributions (dividend)694-€109k
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
05-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €161k
Net result €161k after one loss-making year.
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-163k ▼277%
Net result drops to €-163k, the lowest in the series; recovery starts the following year.
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
08-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 8 days late
2021
31-12
Financial
Equity above €200kEq €239k ▲90.7%
4 profitable years in a row build equity to €239k.
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
20-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 20 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Grez-Doiceau · 1 establishment unit since 2016
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.
Allée Bois de Bercuit 441390 Grez-Doiceau1 establishment unit
Seco Holding & Management
since 20162.277.612.656
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Of 12,174 companies in sector 69201 we hold annual accounts for 7,638. 6,056 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-12-2016
Fiscal year end31-12
Abbreviation FR
Seco H&M
Activities, NACEBEL
69201Certified accountants and tax accountants
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filings
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.