Equity
€1.4m =
Seco Tools Benelux paid out €525,466 in dividends. That is 100% of the 2025 profit.
Seco Tools Benelux
Lifetime
18 annual accounts with figures on one time axis, 48 filings since 1977peak €21.2m (2023)
€18.5m▼ 8.3%
peak €772,157 (2008)
€525,466▼ 21.2%
peak €1.4m (2012)
€1.4munchanged
€3.3m▲ 9.0%
peak 21.6 FTE (2015)
7.4 FTE▼ 56.5%
Board12 names since 2020
2 directorsJan-Jaap RENEMAN and 1 other
Owners
consolidatesSeco Tools AB
Documentsfilings and deeds
30-09-202661 days late
2025financial year
Staff from 17 FTE to 7.4 FTE1 director resigning, 3 reappointments, 1 statutory auditor r… 01-12New chair of the board 03-09Dividend €525,466Cash from €148 to €328
Key points
from the 2025 annual accountsStaff
7.4 FTE from 21.6 in 2015
Between 2015 and 2025, 66% of the full-time equivalents disappeared.
Board
2 left
Directors left. Latest change 10-04-2026 · 2 in office.
2025 accounts filed 61 days after the deadline
Checked score
64
Healthy
Financially stronger than 35% of micro companies in wholesale trade (NACE 46)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.3% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,888 companies (NACE 46, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025lowest value
04-2025: 0.4%● unchanged vs 03-2025lowest value
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.5%▲ +0.1 percentage points vs 06-2025
08-2025: 0.8%▲ +0.3 percentage points vs 07-2025
09-2025: 0.9%▲ +0.1 percentage points vs 08-2025
10-2025: 1.3%▲ +0.4 percentage points vs 09-2025
11-2025: 0.6%▼ -0.7 percentage points vs 10-2025
12-2025: 0.6%● unchanged vs 11-2025
01-2026: 0.6%● unchanged vs 12-2025
02-2026: 0.5%▼ -0.1 percentage points vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 1.2%▲ +0.7 percentage points vs 04-2026
06-2026: 1.2%● unchanged vs 05-2026
07-2026: 1.3%▲ +0.1 percentage points vs 06-2026
08-2026: 1.7%▲ +0.4 percentage points vs 07-2026
09-2026: 2.2%▲ +0.5 percentage points vs 08-2026highest value
10-2026: 1.3%▼ -0.9 percentage points vs 09-2026
11-2026: 1.3%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 1.35, cash €328
1 change of registered office in 24 months
Last filed accounts filed 61 days late; 2 of the last 3 accounts late
lowers risk
Founded in 1974
Calculation
The band follows from the bankruptcy probability. 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 46, micro). It does better than 39% of them on solvency, 13% on liquidity, 50% on profitability and 38% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,818 companies had the same profile as Seco Tools Benelux has now. Each dot stands for 10 companies, two years later.
95.1%
were still trading
3.7%
stopped another way
1.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Seco Tools Benelux itself is higher: 1.3% within 12 months. It rests on far more data about Seco Tools Benelux than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,818 companies, not a prediction for Seco Tools Benelux. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €85,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.35 (1.39 in 2024), below the usual 1.5. Short-term debt is 71.2% and cash 0% of total assets. 71.2% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 61 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-09-2026, 61 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
61 days late
2024
77 days late
2023
on the day
2022
58 days late
2021
74 days late
2020
61 days late
2019
103 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 62 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 September (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Amendment of the articles
General meeting of 03-04-2026 · Gazette deed
Registered office moved from Braine-l'Alleud to Machelen
New registered office: De Kleetlaan, 5BC, 1831 Machelen (Diegem) · Previous registered office: Chaussée de Nivelles, 28-30, 1420 Braine-l'Alleud · Resignations: Michael KLINGER (director) and Kurt NORDLUND (director) · General meeting of 03-04-2026 · Gazette deed
1 director resigning, 3 reappointments, 1 statutory auditor reappointed
Reappointments: Eurion KERMISH, Andrew HUNTER, Jan-Jaap RENEMAN and Price Waterhouse Cooper (statutory auditor) · Resignation: Thierry Cros · General meeting of 24-09-2025 · Gazette deed
New chair of the board
Andrew Hunter appointed, Ola Sandstrom resigned · General meeting of 12-11-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Seco Tools Benelux Machelen (Brab.) | €18.5m | 4.2% | 28.8% | 7.4 |
| Sweco Europe Nivelles | €12.6m | 18.3% | 46.6% | 9.7 |
| Joucomatic Machelen (Brab.) | €16.8m | 5.9% | 83.3% | 5.3 |
| Hikoki Power Tools Belgium Dilbeek | €10.1m | 5.6% | 40.1% | 11.3 |
| Buhlmann Zaventem | €9.2m | 1.1% | 45.0% | 16 |
| ISCAR BENELUX Dilbeek | €8.6m | 8.7% | 87.2% | 9.9 |
| CONTIMAC Asse | €16.3m | 3.0% | 80.0% | 18.1 |
Grey: the largest companies of the sector (wholesale trade (NACE 46)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as Seco Tools Benelux: wholesale of machine tools (NACE 46620). They are comparable in size and age: total assets between €3.7m and €12m, founded between 1968 and 1988.
Official details
Source: KBO- Status
- Active since 05-07-1974Normal situation
- Registered office
- 163 active companies are registered at this address10 started in the 12 months before. Source: KBO register, as of 8 November 2026.
- Activity
- Wholesale of machine toolsNACE 46620and 1 other
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.010.184.4481831 Machelen (Brab.), since 01-09-1974
- Financial year end
- 31 December
- Peppol
- Reachable
Insights on Seco Tools Benelux
Seco Tools Benelux has been active since 1974 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.4m and a net result of €525,466.
Equity has been stable since 2018 (±0.1% per year). Its solvency ranks better than 32% of 6,191 sector peers (NACE 46, financial year 2025).
The computed 12-month bankruptcy probability is 1.3% (low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Seco Tools Benelux
- What is the company number of Seco Tools Benelux?
- The company number of Seco Tools Benelux is 0414.389.146. The VAT number is the same number with BE in front: BE 0414.389.146.
- Where is Seco Tools Benelux based?
- The registered office is at De Kleetlaan 5BC, 1831 Machelen (Brab.).Company details
- What does Seco Tools Benelux do?
- According to the KBO register, the main activity is wholesale of machine tools (NACE 46620).
- What is the legal form of Seco Tools Benelux?
- Seco Tools Benelux is a public limited company (NV).
- When was Seco Tools Benelux founded?
- Seco Tools Benelux was founded on 05-07-1974.
- Is Seco Tools Benelux still active?
- Yes, Seco Tools Benelux is an active enterprise in the KBO register.
- How many employees does Seco Tools Benelux have?
- Seco Tools Benelux had an average of 7.4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Seco Tools Benelux fall under?
- In its 2025 annual accounts, Seco Tools Benelux states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of Seco Tools Benelux?
- The turnover of Seco Tools Benelux was €18.5m in financial year 2025, according to the filed annual accounts.
- Is Seco Tools Benelux profitable?
- In financial year 2025, Seco Tools Benelux made a profit of €525,466.
- Where can I find the annual accounts of Seco Tools Benelux?
- Seco Tools Benelux filed 48 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Seco Tools Benelux due?
- Seco Tools Benelux must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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