SECOND BUREAU
ActiveSummary
The computed 12-month bankruptcy probability of SECOND BUREAU is 9.2% (elevated). The 2024 annual accounts show negative equity (-€14,436) and a net result of -€17,436. Its solvency ranks better than 8% of 2,937 sector peers (NACE 56, financial year 2024). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2024, abbreviated format
2024 annual accounts filed late (130 days) Filed on 8 December 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00582654.
Turnover and EBIT margin not published: the abbreviated format does not require them.
Peer companies
Historical observationOf the 7,639 companies that looked in July 2024 the way this one looks now, 8.8% went bankrupt within 24 months and 84.9% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 9.2% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
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 7,639 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.
| Line | 2024 |
|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,896 |
| Gross operating margin9900 | -€15,525 |
| Operating profit (loss)9901 | -€17,421 |
| Financial charges65/66B | €15 |
| Recurring financial charges65 | €15 |
| Profit (loss) for the period before taxes9903 | -€17,436 |
| Profit (loss) for the period9904 | -€17,436 |
| Profit (loss) for the period to be appropriated9905 | -€17,436 |
| Line | 2024 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €20,916 | |
| Fixed assets21/28 | €19,594 | |
| Intangible fixed assets21 | €18,073 | |
| Tangible fixed assets22/27 | €1,521 | |
| Furniture and vehicles24 | €1,521 | |
| Current assets29/58 | €1,322 | |
| Cash at bank and in hand54/58 | €1,322 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €20,916 | |
| Equity10/15 | -€14,436 | |
| Contributions10/11 | €3,000 | |
| Capital10 | €3,000 | |
| Issued capital100 | €3,000 | |
| Profit (loss) carried forward14 | -€17,436 | |
| Amounts payable17/49 | €35,352 | |
| Amounts payable within one year42/48 | €35,352 | |
| Other amounts payable47/48 | €35,352 | |
| Line | 2024 |
|---|---|
| Profit (loss) for the period9904 | -€17,436 |
| + Depreciation and write-downs630 | €1,896 |
| Operating cash flow (approximation) | -€15,540 |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | abbreviated format | 08-12-2025 | 2025-00582654 |
Similar companies · same sector and region
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.