SECON BV
ActiveSummary
The computed 12-month bankruptcy probability of SECON BV is 1.8% (moderate). The 2025 annual accounts show equity of €138k and a net result of €6k. Equity is growing by ~11.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 18400 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability74▲+6
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 26.22 against 8.54 in 2024; short-term debt: 3.1% and cash: 18.6% of total assets), and 5.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% 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
94.8%
Return on assets
4.3%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 16-04-2026, 14 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
14 d early
2024
8 d early
2023
28 d early
2022
10 d early
2021
on the day
2020
24 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€138k▲ 4.8%
2024 · €132k
Total assets
€145k▼ 1.6%
2024 · €148k
Net result
€6k
2024 · €-415
Working capital
€115k▲ 18.1%
2024 · €97k
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€58k▼ 19.7%€34k▼ 41.3%€20k▼ 40.1%€2k▼ 92.0%€9k▲ 478%
Net result€41k▼ 19.4%€24k▼ 42.7%€14k▼ 40.4%€-415€6k
Equity€94k▲ 76.8%€118k▲ 24.9%€132k▲ 11.9%€132k▼ 0.3%€138k▲ 4.8%
Total assets€152k▲ 25.1%€167k▲ 9.8%€153k▼ 8.2%€148k▼ 3.5%€145k▼ 1.6%
Debt€57k▼ 15.6%€49k▼ 15.1%€21k▼ 56.8%€16k▼ 23.5%€8k▼ 53.3%
Working capital€69k▲ 71.2%€84k▲ 20.5%€91k▲ 8.6%€97k▲ 6.9%€115k▲ 18.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 478% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €145k
Fixed assets
€26k ▼ 30.7%
Current assets
€119k ▲ 8.4%
Equity and liabilities €145k
Equity
€138k ▲ 4.8%
Debt
€8k ▼ 53.3%
Debt's share of the balance-sheet total falls from 10.9% to 5.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€21k▲
2024 · €16k
Cash flow
€18k▲
2024 · €14k
Current ratio
26.22▲
2024 · 8.54
Quick ratio
17.23▲
2024 · 4.51
Debt to equity
0.05▼
2024 · 0.12
ROE
4.5%▲
2024 · -0.3%
ROA
4.3%▲
2024 · -0.3%
Interest coverage
99.99▲
2024 · 41.41
Debt ≤ 1 year
€5k▼
2024 · €13k
Income taxes
€4k▲
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €13k | €14k | €14k | €12k | ▼ 17.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €3k | €0 | - | - |
| Other operating charges640/8 | €5k | €8k | €3k | €10k | €6k | ▼ 38.5% |
| Gross operating margin9900 | €73k | €54k | €41k | €26k | €27k | ▲ 4.9% |
| Operating profit (loss)9901 | €58k | €34k | €20k | €2k | €9k | ▲ 478% |
| Financial income75/76B | €0 | €16 | €263 | €547 | €1k | ▲ 165% |
| Recurring financial income75 | €0 | €16 | €263 | €547 | €1k | ▲ 165% |
| Financial charges65/66B | €930 | €677 | €533 | €377 | €209 | ▼ 44.4% |
| Recurring financial charges65 | €930 | €677 | €533 | €377 | €209 | ▼ 44.4% |
| Profit (loss) for the period before taxes9903 | €57k | €33k | €20k | €2k | €11k | ▲ 493% |
| Income taxes67/77 | €16k | €10k | €6k | €2k | €4k | ▲ 96.3% |
| Profit (loss) for the period9904 | €41k | €24k | €14k | €-415 | €6k | ▲ 1,608% |
| Profit (loss) for the period to be appropriated9905 | €41k | €24k | €14k | €-415 | €6k | ▲ 1,608% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €152k | €167k | €153k | €148k | €145k | ▼ 1.6% |
| Fixed assets21/28 | €52k | €53k | €49k | €38k | €26k | ▼ 30.7% |
| Tangible fixed assets22/27 | €52k | €53k | €49k | €38k | €26k | ▼ 30.7% |
| Plant, machinery and equipment23 | €5k | €5k | €5k | €5k | €4k | ▼ 3.7% |
| Furniture and vehicles24 | €41k | €34k | €22k | €14k | €5k | ▼ 63.9% |
| Other tangible fixed assets26 | €6k | €14k | €22k | €19k | €17k | ▼ 13.2% |
| Current assets29/58 | €100k | €114k | €104k | €110k | €119k | ▲ 8.4% |
| Stocks and contracts in progress3 | €30k | €46k | €48k | €52k | €41k | ▼ 21.3% |
| Stocks30/36 | €30k | €46k | €48k | €52k | €41k | ▼ 21.3% |
| Amounts receivable within one year40/41 | €26k | €11k | €21k | €31k | €49k | ▲ 60.1% |
| Trade receivables40 | €26k | €7k | €10k | €16k | €17k | ▲ 5.5% |
| Other amounts receivable41 | €0 | €3k | €11k | €15k | €33k | ▲ 118% |
| Cash at bank and in hand54/58 | €42k | €55k | €34k | €25k | €27k | ▲ 6.8% |
| Deferred charges and accrued income490/1 | €2k | €2k | €2k | €2k | €2k | ▲ 4.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €152k | €167k | €153k | €148k | €145k | ▼ 1.6% |
| Equity10/15 | €94k | €118k | €132k | €132k | €138k | ▲ 4.8% |
| Contributions10/11 | €3k | €3k | €3k | €3k | €3k | = |
| Reserves13 | €92k | €115k | €130k | €129k | €135k | ▲ 4.8% |
| Distributable reserves133 | €92k | €115k | €130k | €129k | €135k | ▲ 4.8% |
| Amounts payable17/49 | €57k | €49k | €21k | €16k | €8k | ▼ 53.3% |
| Amounts payable after more than one year17 | €26k | €16k | €7k | €0 | - | - |
| Financial debts170/4 | €26k | €16k | €7k | €0 | - | - |
| Amounts payable within one year42/48 | €31k | €30k | €13k | €13k | €5k | ▼ 64.7% |
| Current portion of amounts payable after more than one year42 | €9k | €10k | €10k | €7k | €0 | ▼ 100% |
| Trade debts44 | €5k | €6k | €625 | €581 | €653 | ▲ 12.4% |
| Suppliers440/4 | €5k | €6k | €625 | €581 | €653 | ▲ 12.4% |
| Taxes, remuneration and social security45 | €14k | €12k | €3k | €6k | €4k | ▼ 32.1% |
| Taxes450/3 | €14k | €12k | €3k | €6k | €4k | ▼ 32.1% |
| Other amounts payable47/48 | €3k | €3k | €0 | - | - | - |
| Accrued charges and deferred income492/3 | €957 | €2k | €1k | €3k | €3k | ▼ 7.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €41k | €24k | €14k | €-415 | €6k | ▲ 1,608% |
| + Depreciation and write-downs630 | €10k | €13k | €14k | €14k | €12k | ▼ 17.2% |
| Operating cash flow (approximation) | €51k | €36k | €28k | €14k | €18k | ▲ 31.5% |
| Investment in fixed assets (approximation) | - | €-13k | €-11k | €-3k | €0 | ▲ 100% |
| Change in cash | - | €13k | €-21k | €-8k | €2k | ▲ 121% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
30-09
Financial
Liquidity triplescurrent ratio 26.22
Current ratio from 8.54 to 26.22; short-term debt falls from €13k to €5k.
22-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet €-415
Net result drops to €-415, the lowest in the series; recovery starts the following year.
02-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Liquidity doublescurrent ratio 7.89
Current ratio from 3.76 to 7.89; short-term debt falls from €30k to €13k.
20-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Equity above €100kEq €118k ▲24.9%
3 profitable years in a row build equity to €118k.
30-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
06-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Gent · 2 establishment units since 2019
Ground area
16.3 ha
Building footprint
8.2 ha
Volume, LiDAR
737 m³
2 parcels, Flanders · tallest building 11.0 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
SECON / HOP - WIJNEN
since 20192.290.860.480
Hopwijnen
since 20202.308.912.576
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44082B0391/00B002 | Flanders | 16.2 ha | 1 · 8.2 ha | - |
| 44022A0617/00M000 | Flanders | 534 m² | 1 · 96 m² | 11.0 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.308.912.576
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Of 2,336 companies in sector 47251 we hold annual accounts for 422. 301 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
Founded24-06-2019
Fiscal year end30-09
Activities, NACEBEL 2025
47251Retail sale of wines and spirits
74999Other professional, scientific and technical activities
Scores and ratios are computed by Checked and are not a credit decision.