SECOND WIND
ActiveSummary
SECOND WIND has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €77k and a net result of €27k. Equity is growing by ~12.6% per year across the filed fiscal years. Its solvency ranks better than 67% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+29
Solvency100▲+16
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity ample (current ratio 3.45 against 2.02 in 2024; short-term debt: 25.3% and cash: 68.6% of total assets), and 25.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
74.7%
Return on assets
26.3%
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 01-07-2026, 30 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
30 d early
2024
31 d early
2023
28 d early
2022
28 d early
2021
32 d early
2020
30 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€77k▲ 51.7%
2024 · €51k
2020: €30klowest in 6 years
2021: €54k▲ +76.9% vs 2020
2022: €37k▼ -31.5% vs 2021
2023: €49k▲ +34.0% vs 2022
2024: €51k▲ +3.0% vs 2023
2025: €77k▲ +51.7% vs 2024highest in 6 years
2020 → 2025
Total assets
€103k▲ 19.8%
2024 · €86k
2020: €78k
2021: €93k▲ +19.8% vs 2020
2022: €68k▼ -26.9% vs 2021lowest in 6 years
2023: €84k▲ +23.1% vs 2022
2024: €86k▲ +2.6% vs 2023
2025: €103k▲ +19.8% vs 2024highest in 6 years
2020 → 2025
Net result
€27k▲ 1,760%
2024 · €1k
2020: €20k
2021: €23k▲ +14.5% vs 2020
2022: €-17k▼ -173% vs 2021lowest in 6 years
2023: €13k▲ +174% vs 2022
2024: €1k▼ -88.4% vs 2023
2025: €27k▲ +1760% vs 2024highest in 6 years
2020 → 2025
Working capital
€64k▲ 76.9%
2024 · €36k
2020: €15klowest in 6 years
2021: €28k▲ +88.4% vs 2020
2022: €15k▼ -44.6% vs 2021
2023: €26k▲ +69.7% vs 2022
2024: €36k▲ +38.5% vs 2023
2025: €64k▲ +76.9% vs 2024highest in 6 years
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€54k-€37k▼ 31.5%€49k▲ 34.0%€51k▲ 3.0%€77k▲ 51.7%
2021: €54k
2022: €37k▼ -31.5% vs 2021lowest in 5 years
2023: €49k▲ +34.0% vs 2022
2024: €51k▲ +3.0% vs 2023
2025: €77k▲ +51.7% vs 2024highest in 5 years
Operating result€34k-€-17k€15k€7k▼ 52.2%€37k▲ 421%
2021: €34k
2022: €-17k▼ -149% vs 2021lowest in 5 years
2023: €15k▲ +188% vs 2022
2024: €7k▼ -52.2% vs 2023
2025: €37k▲ +421% vs 2024highest in 5 years
Net result€23k-€-17k€13k€1k▼ 88.4%€27k▲ 1,760%
2021: €23k
2022: €-17k▼ -173% vs 2021lowest in 5 years
2023: €13k▲ +174% vs 2022
2024: €1k▼ -88.4% vs 2023
2025: €27k▲ +1760% vs 2024highest in 5 years
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 421% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €103k
Fixed assets
€13k ▼ 10.6%
Current assets
€90k ▲ 26.0%
Equity and liabilities €103k
Equity
€77k ▲ 51.7%
Debt
€26k ▼ 26.1%
Debt's share of the balance-sheet total falls from 41.0% to 25.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€43k▲
2024 · €16k
Cash flow
€34k▲
2024 · €10k
Current ratio
3.45▲
2024 · 2.02
Debt to equity
0.34▼
2024 · 0.70
ROE
35.2%▲
2024 · 2.9%
ROA
26.3%▲
2024 · 1.7%
Interest coverage
465.52▲
2024 · 56.54
Debt ≤ 1 year
€26k▼
2024 · €35k
Income taxes
€9k▲
2024 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€86k€103k▲
Fixed assets21/28€15k€13k▼
Tangible fixed assets22/27€15k€13k▼
Furniture and vehicles24€5k€3k▼
Other tangible fixed assets26€10k€10k▼
Current assets29/58€72k€90k▲
Amounts receivable within one year40/41€29k€16k▼
Trade receivables40€16k€16k▼
Other amounts receivable41€13k€300▼
Cash at bank and in hand54/58€41k€71k▲
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€86k€103k▲
Equity10/15€51k€77k▲
Contributions10/11€10k€10k=
Reserves13€44k€67k▲
Distributable reserves133€44k€67k▲
Profit (loss) carried forward14€-3k-
Amounts payable17/49€35k€26k▼
Amounts payable within one year42/48€35k€26k▼
Financial debts43€2k-
Credit institutions430/8€2k-
Trade debts44€12k€2k▼
Suppliers440/4€12k€2k▼
Taxes, remuneration and social security45€14k€22k▲
Taxes450/3€14k€22k▲
Other amounts payable47/48€8k€2k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€7k▼
Other operating charges640/8€697€750▲
Gross operating margin9900€16k€44k▲
Operating profit (loss)9901€7k€37k▲
Financial income75/76B-€9
Recurring financial income75-€9
Financial charges65/66B€276€93▼
Recurring financial charges65€276€93▼
Profit (loss) for the period before taxes9903€7k€36k▲
Income taxes67/77€5k€9k▲
Profit (loss) for the period9904€1k€27k▲
Profit (loss) for the period to be appropriated9905€1k€27k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-3k€24k▲
Profit (loss) brought forward from the previous period14P€-4k€-3k▲
Transfer to equity691/2-€23k
To other reserves6921-€23k
Profit to be distributed694/7-€833
Return on contributions (dividend)694-€833
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €5k | €7k | €9k | €7k | ▼ 24.2% |
| Other operating charges640/8 | €535 | €630 | €726 | €697 | €750 | ▲ 7.5% |
| Non-recurring operating charges66A | €5k | - | - | - | - | - |
| Gross operating margin9900 | €43k | €-10k | €22k | €16k | €44k | ▲ 168% |
| Operating profit (loss)9901 | €34k | €-17k | €15k | €7k | €37k | ▲ 421% |
| Financial income75/76B | €0 | €1 | €0 | - | €9 | - |
| Recurring financial income75 | €0 | €1 | €0 | - | €9 | - |
| Financial charges65/66B | €188 | €171 | €267 | €276 | €93 | ▼ 66.5% |
| Recurring financial charges65 | €188 | €171 | €267 | €276 | €93 | ▼ 66.5% |
| Profit (loss) for the period before taxes9903 | €34k | €-17k | €14k | €7k | €36k | ▲ 441% |
| Income taxes67/77 | €10k | €236 | €2k | €5k | €9k | ▲ 76.2% |
| Profit (loss) for the period9904 | €23k | €-17k | €13k | €1k | €27k | ▲ 1,760% |
| Profit (loss) for the period to be appropriated9905 | €23k | €-17k | €13k | €1k | €27k | ▲ 1,760% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €93k | €68k | €84k | €86k | €103k | ▲ 19.8% |
| Fixed assets21/28 | €26k | €21k | €23k | €15k | €13k | ▼ 10.6% |
| Tangible fixed assets22/27 | €26k | €21k | €23k | €15k | €13k | ▼ 10.6% |
| Furniture and vehicles24 | €9k | €7k | €12k | €5k | €3k | ▼ 31.0% |
| Leasing and similar rights25 | €6k | €4k | - | - | - | - |
| Other tangible fixed assets26 | €12k | €10k | €11k | €10k | €10k | ▼ 0.7% |
| Current assets29/58 | €67k | €47k | €61k | €72k | €90k | ▲ 26.0% |
| Amounts receivable within one year40/41 | €15k | €14k | €15k | €29k | €16k | ▼ 44.6% |
| Trade receivables40 | €15k | €14k | €15k | €16k | €16k | ▼ 2.4% |
| Other amounts receivable41 | - | - | €142 | €13k | €300 | ▼ 97.6% |
| Cash at bank and in hand54/58 | €49k | €30k | €33k | €41k | €71k | ▲ 73.5% |
| Deferred charges and accrued income490/1 | €3k | €3k | €12k | €2k | €3k | ▲ 72.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €93k | €68k | €84k | €86k | €103k | ▲ 19.8% |
| Equity10/15 | €54k | €37k | €49k | €51k | €77k | ▲ 51.7% |
| Contributions10/11 | €10k | €10k | €10k | €10k | €10k | = |
| Reserves13 | €44k | €44k | €44k | €44k | €67k | ▲ 53.1% |
| Distributable reserves133 | €44k | €44k | €44k | €44k | €67k | ▲ 53.1% |
| Profit (loss) carried forward14 | - | €-17k | €-4k | €-3k | - | - |
| Amounts payable17/49 | €40k | €31k | €35k | €35k | €26k | ▼ 26.1% |
| Amounts payable after more than one year17 | €363 | - | - | - | - | - |
| Financial debts170/4 | €363 | - | - | - | - | - |
| Amounts payable within one year42/48 | €39k | €31k | €35k | €35k | €26k | ▼ 26.1% |
| Current portion of amounts payable after more than one year42 | €3k | €363 | - | - | - | - |
| Financial debts43 | €10 | - | - | €2k | - | - |
| Credit institutions430/8 | €10 | - | - | €2k | - | - |
| Trade debts44 | €2k | €1k | €10k | €12k | €2k | ▼ 83.9% |
| Suppliers440/4 | €2k | €1k | €10k | €12k | €2k | ▼ 83.9% |
| Taxes, remuneration and social security45 | €34k | €30k | €16k | €14k | €22k | ▲ 62.4% |
| Taxes450/3 | €34k | €30k | €16k | €14k | €22k | ▲ 62.4% |
| Other amounts payable47/48 | €325 | €8 | €9k | €8k | €2k | ▼ 71.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €23k | €-17k | €13k | €1k | €27k | ▲ 1,760% |
| + Depreciation and write-downs630 | €4k | €5k | €7k | €9k | €7k | ▼ 24.2% |
| Operating cash flow (approximation) | €27k | €-12k | €19k | €10k | €34k | ▲ 234% |
| Investment in fixed assets (approximation) | - | €-543 | €-8k | €0 | €-5k | - |
| Change in cash | - | €-19k | €3k | €8k | €30k | ▲ 289% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2020net €27k ▲1,760%
Operating result €37k, net result €27k, both a record.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-17k
Net result drops to €-17k, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
01-07
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, Nivelles · 1 establishment unit since 2020
Ground area
215 m²
Building footprint
52 m²
Volume, LiDAR
381 m³
Parcel 25004E0025/00D000, Wallonia · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SECOND WIND
since 20202.298.381.247
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25004E0025/00D000 | Wallonia | 215 m² | 1 · 52 m² | 8.0 m · 2 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.
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Of 16,879 companies in sector 62100 we hold annual accounts for 8,771. 6,938 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
Founded17-01-2020
Fiscal year end31-12
Abbreviation FR
SW
Activities, NACEBEL 2025
62100Computer programming
63100Computing infrastructure, data processing, hosting and related activities
70200Business and other management consultancy
73110Advertising agencies
82100Office administrative and support services
90120Visual arts creation
Scores and ratios are computed by Checked and are not a credit decision.