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SECOND NATURE

Active
Private limited companyfounded 20224 yrs activeSint-Elisabethstraat 50, 2060 Antwerpen, BelgiumKBO/BCE: BE 0786.616.748
Summary

SECOND NATURE has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19,609 and a net result of -€10,395. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 59% of 3505 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability0▼-99
Solvency85▼-5
Growth52=
Track record94
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 2.3 against 2.84 in 2024; short-term debt: 40.3% and cash: 72.3% of total assets), and 40.3% of the assets are financed with debt.
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Signals

Four 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
59.7%
Return on assets
-31.6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-06-2026, 57 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
57 d early
2024
36 d early
2023
49 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 47 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

SECOND NATURE was incorporated on 30 May 2022 as a Private limited company.1 Total assets fell from EUR 36,964 in 2023 to EUR 32,866 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€19,609▼ 34.6%
2024 · €30,004
Total assets
€32,866▼ 28.4%
2024 · €45,919
Net result
-€10,395
2024 · €11,012
Working capital
€17,255▼ 41.1%
2024 · €29,271
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings. Dashed line: the median.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202320242025
Operating result€25,691-€15,236▼ 40.7%-€10,390
Net result€18,580within the sector's middle half-€11,012within the sector's middle half▼ 40.7%-€10,395below the sector's middle half
Equity€18,992within the sector's middle half-€30,004within the sector's middle half▲ 58.0%€19,609within the sector's middle half▼ 34.6%
Total assets€36,964below the sector's middle half-€45,919within the sector's middle half▲ 24.2%€32,866below the sector's middle half▼ 28.4%
Debt€17,972-€15,915▼ 11.4%€13,257▼ 16.7%
Working capital€17,989-€29,271▲ 62.7%€17,255▼ 41.1%
Solvency51.4%within the sector's middle half-65.3%within the sector's middle half▲ 14.0pp59.7%within the sector's middle half▼ 5.7pp
above within below the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€20,000-€10,000€0€10,000€20,000€30,000Operating result 2023: €25,691€25,691Net result 2023: €18,580€18,580Operating result 2024: €15,236€15,236Net result 2024: €11,012€11,012Operating result 2025: -€10,390-€10,390Net result 2025: -€10,395-€10,395202320242025-€20,000-€10,000€0€10,000€20,000€30,000Operating result 2023: €25,691€25,700Net result 2023: €18,580€18,600Operating result 2024: €15,236€15,200Net result 2024: €11,012€11,000Operating result 2025: -€10,390-€10,400Net result 2025: -€10,395-€10,400202320242025
The operating result turns negative in 2025: a loss of €10,390 after €15,236 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €32,866
Fixed assets €2,354 ▲ 221%
Current assets €30,512 ▼ 32.5%
Equity and liabilities €32,866
Equity €19,609 ▼ 34.6%
Debt €13,257 ▼ 16.7%
Debt's share of the balance-sheet total rises from 34.7% to 40.3%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€9,881▼
2024 · €15,506
Cash flow
-€9,886▼
2024 · €11,282
Current ratio
2.30▼
2024 · 2.84
Debt to equity
0.68▲
2024 · 0.53
ROE
-53.0%▼
2024 · 36.7%
ROA
-31.6%▼
2024 · 24.0%
Interest coverage
-2067.13▼
2024 · 164.87
Debt ≤ 1 year
€13,257▼
2024 · €15,915
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,227 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 87% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
2.9% went bankrupt
8.6% stopped otherwise
87% still going

A further 1.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 3,227 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 · 2025 against 2024 · 36 lines
Balance sheet Code20242025
Assets
Total assets20/58€45,919€32,866▼
Fixed assets21/28€733€2,354▲
Tangible fixed assets22/27€733€2,354▲
Plant, machinery and equipment23-€1,891
Other tangible fixed assets26€733€463▼
Current assets29/58€45,186€30,512▼
Amounts receivable within one year40/41€28,293€6,559▼
Trade receivables40€28,293€6,559▼
Cash at bank and in hand54/58€16,693€23,752▲
Deferred charges and accrued income490/1€200€200=
Equity and liabilities
Total equity and liabilities10/49€45,919€32,866▼
Equity10/15€30,004€19,609▼
Contributions10/11€3,000€3,000=
Reserves13€27,004€27,004=
Distributable reserves133€27,004€27,004=
Profit (loss) carried forward14--€10,395
Amounts payable17/49€15,915€13,257▼
Amounts payable within one year42/48€15,915€13,257▼
Trade debts44€995€379▼
Suppliers440/4€995€379▼
Taxes, remuneration and social security45€7,592€6,491▼
Taxes450/3€7,592€6,491▼
Other amounts payable47/48€7,328€6,386▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€270€509▲
Other operating charges640/8€118€520▲
Gross operating margin9900€15,624-€9,361▼
Operating profit (loss)9901€15,236-€10,390▼
Financial charges65/66B€94€5▼
Recurring financial charges65€94€5▼
Profit (loss) for the period before taxes9903€15,142-€10,395▼
Income taxes67/77€4,130-
Profit (loss) for the period9904€11,012-€10,395▼
Profit (loss) for the period to be appropriated9905€11,012-€10,395▼
Appropriation of the result
Profit (loss) to be appropriated9906€11,012-€10,395▼
Transfer to equity691/2€11,012-
To other reserves6921€11,012-

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€270€270€509▲ 88.6%
Other operating charges640/8€109€118€520▲ 340%
Gross operating margin9900€26,070€15,624-€9,361▼ 160%
Operating profit (loss)9901€25,691€15,236-€10,390▼ 168%
Financial charges65/66B€148€94€5▼ 94.9%
Recurring financial charges65€148€94€5▼ 94.9%
Profit (loss) for the period before taxes9903€25,543€15,142-€10,395▼ 169%
Income taxes67/77€6,963€4,130--
Profit (loss) for the period9904€18,580€11,012-€10,395▼ 194%
Profit (loss) for the period to be appropriated9905€18,580€11,012-€10,395▼ 194%
Line202320242025Change
Assets
Total assets20/58€36,964€45,919€32,866▼ 28.4%
Fixed assets21/28€1,003€733€2,354▲ 221%
Tangible fixed assets22/27€1,003€733€2,354▲ 221%
Plant, machinery and equipment23--€1,891-
Other tangible fixed assets26€1,003€733€463▼ 36.8%
Current assets29/58€35,961€45,186€30,512▼ 32.5%
Amounts receivable within one year40/41€16,647€28,293€6,559▼ 76.8%
Trade receivables40€16,647€28,293€6,559▼ 76.8%
Cash at bank and in hand54/58€19,314€16,693€23,752▲ 42.3%
Deferred charges and accrued income490/1-€200€200=
Equity and liabilities
Total equity and liabilities10/49€36,964€45,919€32,866▼ 28.4%
Equity10/15€18,992€30,004€19,609▼ 34.6%
Contributions10/11€3,000€3,000€3,000=
Reserves13€15,992€27,004€27,004=
Distributable reserves133€15,992€27,004€27,004=
Profit (loss) carried forward14---€10,395-
Amounts payable17/49€17,972€15,915€13,257▼ 16.7%
Amounts payable within one year42/48€17,972€15,915€13,257▼ 16.7%
Trade debts44€503€995€379▼ 61.9%
Suppliers440/4€503€995€379▼ 61.9%
Taxes, remuneration and social security45€11,087€7,592€6,491▼ 14.5%
Taxes450/3€11,087€7,592€6,491▼ 14.5%
Other amounts payable47/48€6,382€7,328€6,386▼ 12.8%
Line202320242025Change
Profit (loss) for the period9904€18,580€11,012-€10,395▼ 194%
+ Depreciation and write-downs630€270€270€509▲ 88.6%
Operating cash flow (approximation)€18,850€11,282-€9,886▼ 188%
Investment in fixed assets (approximation)-€0-€2,130-
Change in cash--€2,621€7,060▲ 369%

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

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
04-06
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Weakest financial yearnet -€10,395
Net result drops to -€10,395, the lowest in the series.
25-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
12-06
NBB filing Annual accounts filed
fiscal year 2023 · 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, Antwerpen · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
1,616 m²
Building footprint
187 m²
Volume, LiDAR
2,295 m³
Parcel 11805E0497/00X003, Flanders · tallest building 17.8 m, ±5 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Cut the mustard
Sint-Elisabethstraat 50, 2060 AntwerpenPrinting and reproduction of recorded media
since 20222.331.654.821
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11805E0497/00X003 Flanders 1,616 m² 1 · 187 m² 17.8 m · 5 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 6,288 companies in sector 74120 we hold annual accounts for 1,011. 854 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
Founded30-05-2022
Fiscal year end31-12
Activities, NACEBEL 2025
74120Graphic design and visual communication
Contact
E-mail info@cutthemustard.be
E-invoicing
Reachable via Peppol
Peppol ID 0208:0786616748
Also 9925:BE0786616748
Registered 20-03-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.