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SECOMA

Active
Private limited companyfounded 2016active for 10 yearsDe Wandelaar 5, 8370 Blankenberge, BelgiumKBO/BCE: BE 0645.641.403
Summary

SECOMA has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €146,012 and a net result of €36,570. Equity is growing by about 16% per year across the filed financial years. Its solvency ranks better than 68% of 300 sector peers (NACE 70, financial year 2026). The computed 12-month bankruptcy probability is below 0.1% (very low).

Financials · financial year 2026, abbreviated format

Equity
€146,012▼ 59.2%
2025 · €357,954
Total assets
€199,076▼ 45.4%
2025 · €364,698
Net result
€36,570▼ 45.5%
2025 · €67,085
Working capital
€66,899▲ 28.7%
2025 · €51,969
Trend over the years

2022 to 2026, 5 financial years 2019 to 2026, 8 financial years

The operating result falls in 2026; 2026 is 26% below 2025 and is the lowest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€50,033 2026 Net result€36,570 2026

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20192020202120222023202420252026
Operating result€32,823-€66,595▲ 103%€56,534▼ 15.1%€64,514▲ 14.1%€61,705▼ 4.4%€66,206▲ 7.3%€67,279▲ 1.6%€50,033▼ 25.6%
Net result€18,756-€36,542▲ 94.8%€36,615within the sector's middle half▲ 0.2%€43,245within the sector's middle half▲ 18.1%€42,045within the sector's middle half▼ 2.8%€53,763within the sector's middle half▲ 27.9%€67,085within the sector's middle half▲ 24.8%€36,570▼ 45.5%
Equity€128,660-€165,202▲ 28.4%€201,817within the sector's middle half▲ 22.2%€245,062within the sector's middle half▲ 21.4%€287,106within the sector's middle half▲ 17.2%€290,869within the sector's middle half▲ 1.3%€357,954within the sector's middle half▲ 23.1%€146,012▼ 59.2%
Total assets€347,130-€344,443▼ 0.8%€346,846within the sector's middle half▲ 0.7%€360,680within the sector's middle half▲ 4.0%€357,957below the sector's middle half▼ 0.8%€353,448below the sector's middle half▼ 1.3%€364,698within the sector's middle half▲ 3.2%€199,076▼ 45.4%
Debt€218,469-€179,241▼ 18.0%€145,029▼ 19.1%€115,618▼ 20.3%€70,851▼ 38.7%€62,579▼ 11.7%€6,744▼ 89.2%€53,065▲ 687%
Working capital-€106,228--€92,672▲ 12.8%-€79,543below the sector's middle half▲ 14.2%-€55,429below the sector's middle half▲ 30.3%-€14,050within the sector's middle half▲ 74.7%-€14,578within the sector's middle half▼ 3.8%€51,969within the sector's middle half€66,899▲ 28.7%
Solvency37.1%-48.0%▲ 10.9pp58.2%within the sector's middle half▲ 10.2pp67.9%within the sector's middle half▲ 9.8pp80.2%above the sector's middle half▲ 12.3pp82.3%above the sector's middle half▲ 2.1pp98.2%above the sector's middle half▲ 15.9pp73.3%▼ 24.8pp
Current ratio0.30-0.31▲ 0.010.35below the sector's middle half▲ 0.040.51below the sector's middle half▲ 0.160.79within the sector's middle half▲ 0.290.77within the sector's middle half▼ 0.038.71above the sector's middle half▲ 7.942.26▼ 6.45
Return on assets (ROA)5.4%-10.6%▲ 5.2pp10.6%within the sector's middle half▼ 0.1pp12.0%within the sector's middle half▲ 1.4pp11.7%within the sector's middle half▼ 0.2pp15.2%above the sector's middle half▲ 3.5pp18.4%above the sector's middle half▲ 3.2pp18.4%=
above within below the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €199,076
Fixed assets €79,112 ▼ 74.1%
Current assets €119,964 ▲ 104%
Equity and liabilities €199,076
Equity €146,012 ▼ 59.2%
Debt €53,065 ▲ 687%
Debt's share of the balance-sheet total rises from 1.8% to 26.7%. Equity is lower and debt is higher.
Key figures and ratios
2026 value · change against 2025
EBITDA
€51,351▼
2025 · €68,977
Cash flow
€37,888▼
2025 · €68,784
Debt to equity
0.36▲
2025 · 0.02
ROE
25.0%▲
2025 · 18.7%
Interest coverage
17.33▼
2025 · 60.37
Debt ≤ 1 year
€53,065▲
2025 · €6,744
Income taxes
€10,500▼
2025 · €14,052
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 34,695 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.3% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
3.9% stopped otherwise
95.3% still going

For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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 34,695 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
Filed annual accounts As filed with the NBB · 2026 against 2025 · 42 lines
Balance sheet Code20252026
Assets
Total assets20/58€364,698€199,076▼
Fixed assets21/28€305,986€79,112▼
Tangible fixed assets22/27€3,908€2,590▼
Plant, machinery and equipment23€1,594€1,188▼
Furniture and vehicles24€2,314€1,402▼
Financial fixed assets28€302,078€76,522▼
Current assets29/58€58,712€119,964▲
Amounts receivable within one year40/41€6,008€46,439▲
Trade receivables40€59€36,938▲
Other amounts receivable41€5,948€9,500▲
Cash at bank and in hand54/58€49,851€70,570▲
Deferred charges and accrued income490/1€2,854€2,956▲
Equity and liabilities
Total equity and liabilities10/49€364,698€199,076▼
Equity10/15€357,954€146,012▼
Contributions10/11€18,550€18,550=
Reserves13€1,855€1,855=
Non-distributable reserves130/1€1,855€1,855=
Reserves not available under the articles1311€1,855€1,855=
Profit (loss) carried forward14€337,549€125,607▼
Amounts payable17/49€6,744€53,065▲
Amounts payable within one year42/48€6,744€53,065▲
Trade debts44€561€833▲
Suppliers440/4€561€833▲
Taxes, remuneration and social security45€2,591€4,391▲
Taxes450/3€2,591€4,391▲
Other amounts payable47/48€3,592€47,841▲
Income statement Code20252026
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,698€1,317▼
Other operating charges640/8€582€358▼
Gross operating margin9900€69,560€51,709▼
Operating profit (loss)9901€67,279€50,033▼
Financial income75/76B€15,000-
Recurring financial income75€15,000-
Financial charges65/66B€1,143€2,963▲
Recurring financial charges65€1,143€2,963▲
Profit (loss) for the period before taxes9903€81,137€47,070▼
Income taxes67/77€14,052€10,500▼
Profit (loss) for the period9904€67,085€36,570▼
Profit (loss) for the period to be appropriated9905€67,085€36,570▼
Appropriation of the result
Profit (loss) to be appropriated9906€337,549€370,607▲
Profit (loss) brought forward from the previous period14P€270,464€334,036▲
Profit to be distributed694/7-€245,000
Return on contributions (dividend)694-€245,000

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20192020202120222023202420252026Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€258€549€900€933€532€594€1,698€1,317▼ 22.4%
Other operating charges640/8---€373€312€345€582€358▼ 38.5%
Gross operating margin9900€34,146€67,570€57,743€65,820€62,549€67,146€69,560€51,709▼ 25.7%
Operating profit (loss)9901€32,823€66,595€56,534€64,514€61,705€66,206€67,279€50,033▼ 25.6%
Financial income75/76B-----€6,000€15,000--
Recurring financial income75-----€6,000€15,000--
Financial charges65/66B---€5,605€4,656€784€1,143€2,963▲ 159%
Recurring financial charges65€6,396€7,085€5,851€5,605€4,656€784€1,143€2,963▲ 159%
Profit (loss) for the period before taxes9903€26,427€59,510€50,683€58,909€57,049€71,423€81,137€47,070▼ 42.0%
Income taxes67/77€7,671€22,968€14,068€15,664€15,004€17,660€14,052€10,500▼ 25.3%
Profit (loss) for the period9904€18,756€36,542€36,615€43,245€42,045€53,763€67,085€36,570▼ 45.5%
Profit (loss) for the period to be appropriated9905€18,756€36,542€36,615€43,245€42,045€53,763€67,085€36,570▼ 45.5%
Line20192020202120222023202420252026Change
Assets
Total assets20/58€347,130€344,443€346,846€360,680€357,957€353,448€364,698€199,076▼ 45.4%
Fixed assets21/28€302,389€303,354€304,373€303,440€304,105€305,654€305,986€79,112▼ 74.1%
Tangible fixed assets22/27€311€1,276€2,295€1,362€2,027€3,577€3,908€2,590▼ 33.7%
Plant, machinery and equipment23------€1,594€1,188▼ 25.5%
Furniture and vehicles24---€1,362€2,027€3,577€2,314€1,402▼ 39.4%
Financial fixed assets28€302,078€302,078€302,078€302,078€302,078€302,078€302,078€76,522▼ 74.7%
Current assets29/58€44,741€41,090€42,473€57,240€53,853€47,793€58,712€119,964▲ 104%
Amounts receivable within one year40/41€16,195€14,082€15,892€15,372€1,996€15,246€6,008€46,439▲ 673%
Trade receivables40---€14,036-€15,246€59€36,938▲ 62,359%
Other amounts receivable41---€1,336€1,996-€5,948€9,500▲ 59.7%
Cash at bank and in hand54/58€25,143€25,837€26,047€38,918€48,090€28,685€49,851€70,570▲ 41.6%
Deferred charges and accrued income490/1---€2,951€3,767€3,863€2,854€2,956▲ 3.6%
Equity and liabilities
Total equity and liabilities10/49€347,130€344,443€346,846€360,680€357,957€353,448€364,698€199,076▼ 45.4%
Equity10/15€128,660€165,202€201,817€245,062€287,106€290,869€357,954€146,012▼ 59.2%
Contributions10/11€18,550€18,550-€18,550€18,550€18,550€18,550€18,550=
Reserves13€1,855€1,855€1,855€1,855€1,855€1,855€1,855€1,855=
Non-distributable reserves130/1---€1,855€1,855€1,855€1,855€1,855=
Reserves not available under the articles1311---€1,855€1,855€1,855€1,855€1,855=
Profit (loss) carried forward14€108,255€144,797€181,412€224,657€266,701€270,464€337,549€125,607▼ 62.8%
Amounts payable17/49€218,469€179,241€145,029€115,618€70,851€62,579€6,744€53,065▲ 687%
Amounts payable after more than one year17€67,407€45,479€23,013------
Amounts payable within one year42/48€150,968€133,762€122,016€112,670€67,902€62,372€6,744€53,065▲ 687%
Current portion of amounts payable after more than one year42---€23,013-----
Trade debts44€3,017€1,073-€1,364€1,496€2,712€561€833▲ 48.7%
Suppliers440/4---€1,364€1,496€2,712€561€833▲ 48.7%
Taxes, remuneration and social security45---€2,567€3,094€5,058€2,591€4,391▲ 69.5%
Taxes450/3---€2,567€3,094€5,058€2,591€4,391▲ 69.5%
Other amounts payable47/48---€85,726€63,312€54,602€3,592€47,841▲ 1,232%
Accrued charges and deferred income492/3---€2,949€2,949€207---
Line20192020202120222023202420252026Change
Profit (loss) for the period9904€18,756€36,542€36,615€43,245€42,045€53,763€67,085€36,570▼ 45.5%
+ Depreciation and write-downs630€258€549€900€933€532€594€1,698€1,317▼ 22.4%
Operating cash flow (approximation)€19,013€37,091€37,515€44,177€42,577€54,357€68,784€37,888▼ 44.9%
Investment in fixed assets (approximation)--€1,514-€1,919€0-€1,197-€2,144-€2,029€225,556-
Change in cash-€694€210€12,871€9,172-€19,405€21,167€20,719▼ 2.1%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (10)
Financial year Type Filed Reference
31-03-2026 abbreviated format 15-10-2026 2026-00558253
31-03-2025 abbreviated format 27-10-2025 2025-00550000
31-03-2024 abbreviated format 25-09-2024 2024-00473648
31-03-2023 abbreviated format 25-10-2023 2023-00493737
31-03-2022 micro format 27-09-2022 2022-20438630
31-03-2021 micro format 08-10-2021 2021-71500087
31-03-2020 micro format 31-10-2020 2020-68200238
31-03-2019 micro format 30-10-2019 2019-72300399
31-03-2018 micro format 09-10-2018 2018-69000239
31-03-2017 micro format 02-11-2017 2017-68500455

Similar companies · same sector, comparable size

Of the 82,397 active companies whose main activity is business and other management consultancy (NACE 70200), figures are known for 53,892. 41,803 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.