SeCo NV
Judicial reorganisationSummary
The file of SeCo NV contains 1 judicial reorganisation, as published in the Belgian State Gazette. During the judicial reorganisation Checked does not compute a bankruptcy probability from the figures: of the Belgian companies that opened one in 2023 and 2024, about one in four went bankrupt within twelve months. The 2024 annual accounts show equity of €57,445 and a net result of -€9,091. Equity is growing by ~10.3% per year across the filed fiscal years. Its solvency ranks better than 36% of 5897 sector peers (fiscal year 2024).
Are you a creditor?
Judicial reorganisation
Source: Belgian Official Gazette
Your claim still exists, but while the moratorium runs you cannot enforce it. What you do now depends on the track of the reorganisation.
The procedure
- Court
- Enterprise Court of Antwerp
- Opened
- 28 January 2026
- Track
- Reorganisation by amicable settlement
- Docket number
- 20260002
- Moratorium until
- 28 March 2026 (passed; an extension would be in a later judgment)
- Delegated judge
- Luc Janssens
- Official Gazette
- 04-02-2026 (pdf) ↗search the document for 2026/104692
What to do now
- Do not attach assets or start enforcement for debts from before the opening while the moratorium runs.
- An amicable settlement binds only the creditors who sign it. You decide whether you sign.
- What you deliver after the opening is not covered by the moratorium: agree clear payment terms.
- The file is in RegSol, where you can read the documents of the procedure.
Deadlines: the judgment sets how long the moratorium runs. That date is in RegSol and in the publication in the Official Gazette.
View the file in RegSol ↗
Watch
Follow this reorganisation: you are alerted to an extension, the court's approval, the closure or a bankruptcy.
General information, not legal advice. If in doubt, your lawyer or your accountant can help.Creditor guide for this company
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Checked score
Score 2024
Axes · tick = 2023
Profitability54▼-35
Solvency54▼-20
Growth52▼-26
Track record60
Credit verdict
No credit on open account during an ongoing judicial reorganisation
Liquidity tight (current ratio 1.32 against 1.56 in 2023; short-term debt: 69.3% and cash: 1.9% of total assets), and 71.3% of the assets are financed with debt.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Filed more than 90 days late
The financial year that closed on 30-12-2024 was due by 30-07-2025 and was filed on 09-02-2026, 194 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
194 d late
2023
62 d late
2022
9 d late
2021
32 d late
2020
32 d late
2019
220 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 92 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
What should you check before you do business with this company?Supplier due diligence What held for this company on a given day: board, seat, name?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?Process a list How is the Other building cleaning and industrial cleaning sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€57,445▼ 13.7%
2023 · €66,536
Total assets
€200,049▲ 46.7%
2023 · €136,367
Net result
-€9,091
2023 · €21,928
Working capital
€44,680▲ 13.8%
2023 · €39,269
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€16,901€25,639€193▼ 99.2%€23,826▲ 12,225%€21,440▼ 10.0%
Net result-€19,498below the sector's middle half€24,357within the sector's middle half-€5,201below the sector's middle half€21,928within the sector's middle half-€9,091below the sector's middle half
Equity€25,453within the sector's middle half▼ 43.4%€49,810within the sector's middle half▲ 95.7%€44,609within the sector's middle half▼ 10.4%€66,536within the sector's middle half▲ 49.2%€57,445within the sector's middle half▼ 13.7%
Total assets€109,002within the sector's middle half▲ 3.9%€130,599within the sector's middle half▲ 19.8%€124,922within the sector's middle half▼ 4.3%€136,367within the sector's middle half▲ 9.2%€200,049within the sector's middle half▲ 46.7%
Debt€83,549▲ 39.4%€80,789▼ 3.3%€80,313▼ 0.6%€69,831▼ 13.1%€142,604▲ 104%
Working capital€23,471within the sector's middle half▼ 45.9%€5,772within the sector's middle half▼ 75.4%€7,332within the sector's middle half▲ 27.0%€39,269within the sector's middle half▲ 436%€44,680within the sector's middle half▲ 13.8%
Solvency23.4%within the sector's middle half▼ 19.5pp38.1%within the sector's middle half▲ 14.8pp35.7%within the sector's middle half▼ 2.4pp48.8%within the sector's middle half▲ 13.1pp28.7%within the sector's middle half▼ 20.1pp
Current ratio1.28within the sector's middle half▼ 0.441.07within the sector's middle half▼ 0.211.09within the sector's middle half▲ 0.021.56within the sector's middle half▲ 0.471.32within the sector's middle half▼ 0.24
Return on assets (ROA)-17.9%below the sector's middle half▼ 29.7pp18.7%above the sector's middle half▲ 36.5pp-4.2%below the sector's middle half▼ 22.8pp16.1%within the sector's middle half▲ 20.2pp-4.5%below the sector's middle half▼ 20.6pp
Staff (FTE)5.2above the sector's middle half▲ 2.0%10.4▲ 100%10.7▲ 2.9%11.4▲ 6.5%8.1▼ 28.9%
above
within
below
the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 10% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €200,049
Fixed assets
€16,776 ▼ 38.5%
Current assets
€183,273 ▲ 68.0%
Equity and liabilities €200,049
Equity
€57,445 ▼ 13.7%
Debt
€142,604 ▲ 104%
Debt's share of the balance-sheet total rises from 51.2% to 71.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€31,932▼
2023 · €33,834
Cash flow
€1,401▼
2023 · €31,936
Debt to equity
2.48▲
2023 · 1.05
ROE
-15.8%▼
2023 · 33.0%
Interest coverage
4.95▼
2023 · 25.50
Debt ≤ 1 year
€138,593▲
2023 · €69,831
Income taxes
€24,110▲
2023 · €787
Staff costs
€198,746▼
2023 · €219,708
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €187,823 | €208,088 | €219,708 | €198,746 | ▼ 9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €743 | €8,622 | €9,822 | €10,009 | €10,492 | ▲ 4.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €4,855 | - | - | - |
| Other operating charges640/8 | - | €2,476 | €6,254 | €1,773 | €17,402 | ▲ 881% |
| Gross operating margin9900 | €190,367 | €224,561 | €229,212 | €255,316 | €248,080 | ▼ 2.8% |
| Operating profit (loss)9901 | -€16,901 | €25,639 | €193 | €23,826 | €21,440 | ▼ 10.0% |
| Financial income75/76B | - | €1 | €0 | €216 | €31 | ▼ 85.4% |
| Recurring financial income75 | €207 | €1 | €0 | €216 | €31 | ▼ 85.4% |
| Financial charges65/66B | - | €1,283 | €5,395 | €1,327 | €6,453 | ▲ 386% |
| Recurring financial charges65 | €2,805 | €1,283 | €5,395 | €1,327 | €6,453 | ▲ 386% |
| Profit (loss) for the period before taxes9903 | -€19,498 | €24,357 | -€5,201 | €22,715 | €15,019 | ▼ 33.9% |
| Income taxes67/77 | - | - | - | €787 | €24,110 | ▲ 2,962% |
| Profit (loss) for the period9904 | -€19,498 | €24,357 | -€5,201 | €21,928 | -€9,091 | ▼ 141% |
| Profit (loss) for the period to be appropriated9905 | -€19,498 | €24,357 | -€5,201 | €21,928 | -€9,091 | ▼ 141% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €109,002 | €130,599 | €124,922 | €136,367 | €200,049 | ▲ 46.7% |
| Fixed assets21/28 | €1,981 | €44,046 | €37,276 | €27,267 | €16,776 | ▼ 38.5% |
| Intangible fixed assets21 | €823 | €430 | €37 | - | - | - |
| Tangible fixed assets22/27 | €1,158 | €43,616 | €37,239 | €27,267 | €16,776 | ▼ 38.5% |
| Land and buildings22 | - | €10,624 | €9,443 | €8,263 | €7,082 | ▼ 14.3% |
| Plant, machinery and equipment23 | - | €772 | €780 | €254 | €114 | ▼ 55.1% |
| Furniture and vehicles24 | - | €32,221 | €27,016 | €18,750 | €9,579 | ▼ 48.9% |
| Current assets29/58 | €107,020 | €86,553 | €87,646 | €109,100 | €183,273 | ▲ 68.0% |
| Amounts receivable within one year40/41 | €106,527 | €84,358 | €84,539 | €105,749 | €179,378 | ▲ 69.6% |
| Trade receivables40 | - | €40,513 | €26,309 | €44,381 | €33,544 | ▼ 24.4% |
| Other amounts receivable41 | - | €43,845 | €58,230 | €61,368 | €145,833 | ▲ 138% |
| Cash at bank and in hand54/58 | €164 | €171 | €3,106 | €3,351 | €3,896 | ▲ 16.2% |
| Deferred charges and accrued income490/1 | - | €2,025 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €109,002 | €130,599 | €124,922 | €136,367 | €200,049 | ▲ 46.7% |
| Equity10/15 | €25,453 | €49,810 | €44,609 | €66,536 | €57,445 | ▼ 13.7% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | - | - | - | €4,536 | €4,536 | = |
| Non-distributable reserves130/1 | - | - | - | €227 | €227 | = |
| Legal reserve130 | - | - | - | €227 | €227 | = |
| Distributable reserves133 | - | - | - | €4,310 | €4,310 | = |
| Profit (loss) carried forward14 | -€36,547 | -€12,190 | -€17,391 | - | -€9,091 | - |
| Amounts payable17/49 | €83,549 | €80,789 | €80,313 | €69,831 | €142,604 | ▲ 104% |
| Amounts payable within one year42/48 | €83,549 | €80,780 | €80,313 | €69,831 | €138,593 | ▲ 98.5% |
| Trade debts44 | €52,026 | €47,093 | €23,803 | €40,045 | €6,352 | ▼ 84.1% |
| Suppliers440/4 | - | €47,093 | €23,803 | €40,045 | €6,352 | ▼ 84.1% |
| Taxes, remuneration and social security45 | - | €33,463 | €46,442 | €28,575 | €124,209 | ▲ 335% |
| Taxes450/3 | - | €9,782 | €3,350 | €3,789 | €39,344 | ▲ 938% |
| Remuneration and social security454/9 | - | €23,681 | €43,092 | €24,786 | €84,865 | ▲ 242% |
| Other amounts payable47/48 | - | €224 | €10,069 | €1,210 | €8,032 | ▲ 564% |
| Accrued charges and deferred income492/3 | - | €9 | - | - | €4,011 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€19,498 | €24,357 | -€5,201 | €21,928 | -€9,091 | ▼ 141% |
| + Depreciation and write-downs630 | €743 | €8,622 | €9,822 | €10,009 | €10,492 | ▲ 4.8% |
| Operating cash flow (approximation) | -€18,756 | €32,979 | €4,621 | €31,936 | €1,401 | ▼ 95.6% |
| Investment in fixed assets (approximation) | - | -€50,687 | -€3,051 | €0 | €0 | - |
| Change in cash | - | €6 | €2,936 | €245 | €545 | ▲ 123% |
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
2026
09-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 194 days late
04-02
Judicial reorganisation
Opening
Ondernemingsrechtbank Antwerpen · amicable agreement · event 28-01-2026
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 62 days late
2023
30-12
Financial
Back to profitnet €21,928
Net result €21,928 after one loss-making year.
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 9 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 32 days late
2021
30-12
Financial
Back to profitnet €24,357
Net result €24,357 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 32 days late
07-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 220 days late
2020
30-12
Financial
Weakest financial yearnet -€19,498
Net result drops to -€19,498, the lowest in the series; recovery starts the following year.
2019
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
08-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Antwerpen · 1 establishment unit since 2006
Ground area
3,826 m²
Building footprint
2,522 m²
Volume, LiDAR
18,421 m³
Parcel 11012A0273/00R000, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
41
companies at this address
See who is registered here
1 establishment unit
Seco NV
since 20062.156.119.067
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11012A0273/00R000 | Flanders | 3,826 m² | 1 · 2,522 m² | 8.0 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.
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Of 6,996 companies in sector 81220 we hold annual accounts for 2,415. 2,013 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded31-10-2001
Fiscal year end30-12
Activities, NACEBEL 2025
81220Other building cleaning and industrial cleaning
E-invoicing
Reachable via Peppol
Peppol ID
0208:0475997014
Also
9925:BE0475997014
Registered
09-04-2025
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.