Second Group
ActiveSummary
The computed 12-month bankruptcy probability of Second Group is 4.2% (elevated). For Second Group, at least two annual filings are missing. The 2023 annual accounts show equity of €44,408 and a net result of -€25. Equity has been growing by about 3.3% per year since 2021. Its solvency ranks better than 51% of 33,818 sector peers (NACE 70, financial year 2023). The company has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 07-01-2021 Normal situation
- Activity
- Business and other management consultancy NACE 70200and 1 other
- Establishment unit
- 2.312.694.091 2800 Mechelen, since 07-01-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 27-03-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 4.2%
2023 figures too old to score
Annual accounts 2023
- Gross margin
- €2,478
- ▼ 48.6%
- Turnover
- ≈ €12,000
- estimated
- Loss
- €25
- Equity
- €44,408
- ▼ 0.1%
- Total assets
- €76,886
- ▲ 54.3%
- 2024 accounts not filed, 461 days past the deadline
Signalsraises riskFigures for financial year 2023 (filed on 03-01-2025)2 financial years not filed after the legal deadline; last filed accounts filed 153 days late; 2 of the last 3 accounts lateSize: total assets €76,886Two or more financial years not filed2023 accounts filed 153 days latelowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Show the evidence
Bankruptcy probability
No current score
Figures too old
The latest figures are for FY 2023. They are too old for a current score.
Bankruptcy probability: Elevated
Filing: At least two annual filings are missing
Financial strength, FY 2023 · tick: 2022
Strong
Solvency
83-17
equity 57.8% of total assets
Liquidity
51-48
short-term debt 39.2% · cash 15.4%
Profitability
69-7
return on assets 0.0%
Bankruptcy probability within 12 months
4.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%lowest value
01-2025: 0.5%▲ +0.2 percentage points vs 12-2024
02-2025: 0.5%● unchanged vs 01-2025
03-2025: 0.5%● unchanged vs 02-2025
04-2025: 0.5%● unchanged vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.5%● unchanged vs 05-2025
07-2025: 0.5%● unchanged vs 06-2025
08-2025: 0.9%▲ +0.4 percentage points vs 07-2025
09-2025: 1.1%▲ +0.2 percentage points vs 08-2025
10-2025: 1.7%▲ +0.6 percentage points vs 09-2025
11-2025: 1.8%▲ +0.1 percentage points vs 10-2025
12-2025: 2.2%▲ +0.4 percentage points vs 11-2025
01-2026: 3.3%▲ +1.1 percentage points vs 12-2025
02-2026: 3.3%● unchanged vs 01-2026
03-2026: 3.5%▲ +0.2 percentage points vs 02-2026
04-2026: 3.1%▼ -0.4 percentage points vs 03-2026
05-2026: 3.1%● unchanged vs 04-2026
06-2026: 3.1%● unchanged vs 05-2026
07-2026: 3.1%● unchanged vs 06-2026
08-2026: 4.2%▲ +1.1 percentage points vs 07-2026highest value
09-2026: 4.2%● unchanged vs 08-2026highest value
10-2026: 4.2%● unchanged vs 09-2026
11-2026: 4.2%● unchanged vs 10-2026
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 3 filingsPosition against the passed deadline
31-12-2024 year end31-07-2025 deadline04-11-2026 today
raises risk · 2023 accounts filed 153 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 31-12-2024, 153 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 3 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
153 days late
2022
31 days late
2021
24 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 69 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (1)
Financials
Financials · financial year 2023, micro format
2024 annual accounts not yet filed, deadline passed on 31 July 2025 The financial year closed on 31 December 2024. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). 2 financial years without a filing since the last one filed. Source: NBB filings, as of 4 November 2026.
Annual accounts 2023 filed on 31-12-2024 PDF all 3 filings
Turnover
≈ €12,000
Estimated: probably between €5,600 and €23,000
Total assets
€76,886▲ 54.3%
2022 · €49,830
Net result
-€25
2022 · €2,934
Working capital
€42,788▲ 11.5%
2022 · €38,360
Multi-year overview
2021 to 2023, 3 financial yearsOperating result
€245
▼ 94.5%
2023
20212023
Net result
-€25
2023
lowest quarter of the sector
20212023
Equity
€44,408
▼ 0.1%
2023
middle half of the sector
20212023
Total assets
€76,886
▲ 54.3%
2023
lowest quarter of the sector
20212023
Debt
€32,478
▲ 502%
2023
20212023
Working capital
€42,788
▲ 11.5%
2023
middle half of the sector
20212023
Solvency
57.8%
▼ 31.4pp
2023
middle half of the sector
20212023
Current ratio
2.42
▼ 5.69
2023
middle half of the sector
20212023
Return on assets (ROA)
0.0%
▼ 5.9pp
2023
lowest quarter of the sector
20212023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202120222023
Operating result€55,635-€4,419▼ 92.1%€245▼ 94.5%
Net result€40,299within the sector's middle half-€2,934within the sector's middle half▼ 92.7%-€25below the sector's middle half
Equity€41,499within the sector's middle half-€44,433within the sector's middle half▲ 7.1%€44,408within the sector's middle half▼ 0.1%
Total assets€64,439below the sector's middle half-€49,830below the sector's middle half▼ 22.7%€76,886below the sector's middle half▲ 54.3%
Debt€22,940-€5,397▼ 76.5%€32,478▲ 502%
Working capital€41,857within the sector's middle half-€38,360within the sector's middle half▼ 8.4%€42,788within the sector's middle half▲ 11.5%
Solvency64.4%within the sector's middle half-89.2%above the sector's middle half▲ 24.8pp57.8%within the sector's middle half▼ 31.4pp
Current ratio2.85within the sector's middle half-8.11above the sector's middle half▲ 5.252.42within the sector's middle half▼ 5.69
Return on assets (ROA)62.5%above the sector's middle half-5.9%within the sector's middle half▼ 56.6pp0.0%below the sector's middle half▼ 5.9pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2023 is 94% lower than in 2022 and the lowest since 2021. It is the second fall in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €76,886
Fixed assets
€3,948 ▼ 35.0%
Current assets
€72,938 ▲ 66.7%
Equity and liabilities €76,886
Equity
€44,408 ▼ 0.1%
Debt
€32,478 ▲ 502%
Debt's share of the balance-sheet total rises from 10.8% to 42.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€2,369▼
2022 · €4,719
Cash flow
€2,100▼
2022 · €3,235
Debt to equity
0.73▲
2022 · 0.12
ROE
-0.1%▼
2022 · 6.6%
Interest coverage
22.13▲
2022 · 11.63
Debt ≤ 1 year
€30,150▲
2022 · €5,397
Income taxes
€216▼
2022 · €1,079
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 |
|---|---|---|---|
| Tangible fixed assets | - | €6,373 | - |
| Depreciation and write-downs of the year | - | €300 | €2,124 |
Source: notes to the 2021 to 2023 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €300 | €2,124 | ▲ 607% |
| Other operating charges640/8 | - | €102 | €109 | ▲ 6.9% |
| Gross operating margin9900 | €55,635 | €4,821 | €2,478 | ▼ 48.6% |
| Operating profit (loss)9901 | €55,635 | €4,419 | €245 | ▼ 94.5% |
| Financial income75/76B | €0 | €0 | €53 | - |
| Recurring financial income75 | €0 | €0 | €53 | - |
| Financial charges65/66B | €130 | €406 | €107 | ▼ 73.6% |
| Recurring financial charges65 | €130 | €406 | €107 | ▼ 73.6% |
| Profit (loss) for the period before taxes9903 | €55,505 | €4,013 | €191 | ▼ 95.2% |
| Income taxes67/77 | €15,207 | €1,079 | €216 | ▼ 80.0% |
| Profit (loss) for the period9904 | €40,299 | €2,934 | -€25 | - |
| Profit (loss) for the period to be appropriated9905 | €40,299 | €2,934 | -€25 | - |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €64,439 | €49,830 | €76,886 | ▲ 54.3% |
| Fixed assets21/28 | - | €6,073 | €3,948 | ▼ 35.0% |
| Tangible fixed assets22/27 | - | €6,073 | €3,948 | ▼ 35.0% |
| Furniture and vehicles24 | - | €6,073 | €3,948 | ▼ 35.0% |
| Current assets29/58 | €64,439 | €43,757 | €72,938 | ▲ 66.7% |
| Amounts receivable within one year40/41 | €23,779 | €624 | €60,155 | ▲ 96× |
| Trade receivables40 | €16,553 | €0 | €60,155 | - |
| Other amounts receivable41 | €7,225 | €624 | - | - |
| Cash at bank and in hand54/58 | €38,758 | €40,460 | €11,846 | ▼ 70.7% |
| Deferred charges and accrued income490/1 | €1,902 | €2,673 | €936 | ▼ 65.0% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €64,439 | €49,830 | €76,886 | ▲ 54.3% |
| Equity10/15 | €41,499 | €44,433 | €44,408 | ▼ 0.1% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | = |
| Reserves13 | €39,499 | €42,433 | €42,433 | = |
| Distributable reserves133 | €39,499 | €42,433 | €42,433 | = |
| Profit (loss) carried forward14 | €0 | €0 | -€25 | - |
| Amounts payable17/49 | €22,940 | €5,397 | €32,478 | ▲ 502% |
| Amounts payable within one year42/48 | €22,582 | €5,397 | €30,150 | ▲ 459% |
| Trade debts44 | €6,161 | €2,618 | €23,357 | ▲ 792% |
| Suppliers440/4 | €6,161 | €2,618 | €23,357 | ▲ 792% |
| Taxes, remuneration and social security45 | €15,621 | €1,979 | €1,111 | ▼ 43.9% |
| Taxes450/3 | €15,621 | €1,979 | €1,111 | ▼ 43.9% |
| Other amounts payable47/48 | €800 | €800 | €5,682 | ▲ 610% |
| Accrued charges and deferred income492/3 | €358 | €0 | €2,328 | - |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €40,299 | €2,934 | -€25 | - |
| + Depreciation and write-downs630 | - | €300 | €2,124 | ▲ 607% |
| Operating cash flow (approximation) | €40,299 | €3,235 | €2,100 | ▼ 35.1% |
| Investment in fixed assets (approximation) | - | - | €0 | - |
| Change in cash | - | €1,701 | -€28,614 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Directors
1 director, last change in 2026
Larissa Coninx
Current
Director · appointed in the act of 12-03-2026 · earlier director (not named in the articles), until 01-01-2025 · term without a fixed end · listed in the 2023 annual accounts, filed on 31-12-2024
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 12-03-2026Owners and capital
Owners
Mandate history
2 people, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Larissa Coninx |
|
| Mirte MULDER |
|
Network & group
Second Group shares no director with another company.
Companies at the same address
1 other companyConnections & network
1 current directorThe network starts from the directors of Second Group. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
2026
12-03
Gazette deed
Resignation: Mirte MULDER (director)Appointment: Larissa CONINX (director)4 points ▸
Gazette deed
Resignation: Mirte MULDER (director)
Appointment: Larissa CONINX (director)4 points ▸
- General meeting, 27-02-2026
- Director resignation, Mirte MULDER (director)
- Director appointment, Larissa CONINX (director)
- Board composition, Larissa CONINX (sole director)
2025
24-03
Gazette deed
Resignation: Larissa Coninx (director)Appointment: Mirte Mulder (director) · Director discharge4 points ▸
Gazette deed
Resignation: Larissa Coninx (director)
Appointment: Mirte Mulder (director) · Director discharge4 points ▸
- General meeting, 14-01-2025
- Director resignation, Larissa Coninx (director (not named in the articles))
- Director discharge, Larissa Coninx (director (not named in the articles))
- Director appointment, Mirte Mulder (director (not named in the articles))
2024
31-12
micro format · 153 days late
2023
31-12
Financial
Weakest financial yearnet -€25
The net result drops to -€25, the lowest from 2021 to 2023.
31-08
micro format · 31 days late
2022
31-12
Financial
Liquidity more than doubledcurrent ratio 8.11
The current ratio rises from 2.85 to 8.11. Short-term debt falls from €22,582 to €5,397.
24-08
micro format · 24 days late
2021
11-01
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
Second Group in Dutch
Abbreviation
Second in Dutch
Enterprise number
0760.977.272
Legal form
Private limited company
Status
Active, normale toestand
Founded
07-01-2021
Entity type
Legal entity
Registered office and establishments
Registered office
Fortuinstraat 84, 2800 Mechelen, Belgium
Establishment unit
Fortuinstraat 84, 2800 Mechelen since 07-01-2021 · unit number 2.312.694.09163920 Other information service activities
Activities
NACEBEL 202570200
Business and other management consultancy main activity
85699
Other educational support services
Codes under NACEBEL 2008
70220
Business consulting main activity
85609
Education
Invoicing and payment
VAT number
BE 0760.977.272
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Buildings and parcels at the address
Ground area
209 m²
Building footprint
208 m²
Building volume
811 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 12404F0686/00B004 | Flanders | 209 m² | 1 · 208 m² | 5.3 m · 1 |