SECOPASS
ActiveSECOPASS has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €24k and a net result of €55k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 25% of 1030 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
73
/ 100
Healthy▲ +27 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency31▼-31
Growth32=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 1.81 against 1.78 in 2024), but 96.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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
3.2%
Return on assets
7.4%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 1030 sector peers (2025).
NBB · sector comparisonPosition among 1030 sector peers
Solvency
better than 25%
← weakest
strongest →
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
7 d early
2023
6 d early
2022
71 d late
2021
19 d early
2020
27 d late
2019
66 d late
← before the deadline
after the deadline →
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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€55k▼ 18.2%
2024 · €67k
2018: €89k
2019: €45k
2020: €41k
2021: €-262k
2022: €-34k
2023: €11k
2024: €67k
2018 → 2025
Working capital
€239k▲ 17.5%
2024 · €203k
2018: €92k
2019: €90k
2020: €121k
2021: €-171k
2022: €102k
2023: €256k
2024: €203k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-75k-€-109k▼ 45.8%€-98k▲ 10.3%€-31k▲ 68.3%€24k
Operating result€-261k-€-24k▲ 90.9%€14k€81k▲ 484%€68k▼ 15.8%
Net result€-262k-€-34k▲ 86.9%€11k€67k▲ 492%€55k▼ 18.2%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 16% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €740k
Fixed assets
€205k▲ 10.4%
Current assets
€534k▲ 15.4%
Equity and liabilities €740k
Equity
€24k
Debt
€716k
Debt finances 96.8% of the balance-sheet total.
Key figures and ratios
EBITDA
€90k▼
2024 · €95k
Cash flow
€77k▼
2024 · €81k
Solvency
3.2%▲
2024 · -4.8%
Current ratio
1.81▲
2024 · 1.78
Quick ratio
1.81▲
2024 · 1.78
Debt / equity
30.40▲
2024 · -21.91
ROE
231.8%▲
2024 · -215.1%
ROA
7.4%▼
2024 · 10.3%
Interest coverage
6.31▼
2024 · 6.64
Debt
€716k▲
2024 · €680k
Debt ≤ 1 year
€295k▲
2024 · €260k
Debt > 1 year
€420k=
2024 · €420k
Income taxes
€182▼
2024 · €197
Staff costs
€1.28M▲
2024 · €1.26M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€649k€740k▲
Fixed assets21/28€186k€205k▲
Intangible fixed assets21€3k€2k▼
Tangible fixed assets22/27€86k€103k▲
Plant, machinery and equipment23€972€694▼
Furniture and vehicles24€18k€47k▲
Other tangible fixed assets26€67k€56k▼
Financial fixed assets28€97k€100k▲
Current assets29/58€463k€534k▲
Amounts receivable within one year40/41€260k€321k▲
Trade receivables40€175k€239k▲
Other amounts receivable41€84k€82k▼
Cash at bank and in hand54/58€193k€206k▲
Deferred charges and accrued income490/1€10k€8k▼
Equity and liabilities
Total equity and liabilities10/49€649k€740k▲
Equity10/15€-31k€24k▲
Contributions10/11€19k€19k=
Reserves13€127k€127k=
Non-distributable reserves130/1€18k€18k=
Other1319€18k€18k=
Tax-exempt reserves132€109k€109k=
Profit (loss) carried forward14€-177k€-122k▲
Amounts payable17/49€680k€716k▲
Amounts payable after more than one year17€420k€420k=
Financial debts170/4€420k€420k=
Amounts payable within one year42/48€260k€295k▲
Current portion of amounts payable after more than one year42€1k-
Financial debts43€31k€41k▲
Other loans439€31k€41k▲
Trade debts44€10k€12k▲
Suppliers440/4€10k€12k▲
Taxes, remuneration and social security45€156k€176k▲
Taxes450/3€7k€4k▼
Remuneration and social security454/9€149k€173k▲
Other amounts payable47/48€61k€66k▲
Accrued charges and deferred income492/3€322€738▲
Income statement
Code20242025
Remuneration, social security and pensions62€1.26M€1.28M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€22k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-5k€7k▲
Other operating charges640/8€14k€14k▲
Gross operating margin9900€1.36M€1.39M▲
Operating profit (loss)9901€81k€68k▼
Financial income75/76B€187€854▲
Recurring financial income75€187€854▲
Financial charges65/66B€14k€14k=
Recurring financial charges65€14k€14k=
Profit (loss) for the period before taxes9903€67k€55k▼
Income taxes67/77€197€182▼
Profit (loss) for the period9904€67k€55k▼
Profit (loss) for the period to be appropriated9905€67k€55k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-177k€-122k▲
Profit (loss) brought forward from the previous period14P€-244k€-177k▲
Social balance
Average headcount (FTE)908743.544.0▲
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €11k
Net result €11k after 2 loss-making years.
10-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 71 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 1.34
Current ratio from 0.56 to 1.34; short-term debt falls from €387k to €298k.
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €-262k ▼734%
Net result drops to €-262k, the lowest in the series; recovery starts the following year.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 27 days late
2020
31-12
Financial
Equity above €150kEq €187k ▲28.3%
3 profitable years in a row build equity to €187k.
05-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 66 days late
2019
13-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 29 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
16 acts for this company are 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, Waterloo · 7 establishment units since 2006
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Chaussée de Bruxelles 1651410 WaterlooGround area
4,761 m²
Building footprint
1,811 m²
Volume, LiDAR
18,406 m³
6 parcels, Wallonia · tallest building 14.4 m, ±4 floors. Linked by address, not a title deed.
7 establishment units
SECOPASS
since 20062.184.464.942
SECOPASS
since 20192.290.896.906
SECOPASS
since 20222.325.041.795
SECOPASS
since 20222.325.268.756
SECOPASS
since 20222.325.269.152
SECOPASS
since 20222.330.006.118
Show 1 more locations
Secopass
since 20252.375.632.245
6 parcels
Wallonia
6
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51007C0208/00R000 | Wallonia | 1,698 m² | 1 · 187 m² | 8.0 m · 2 fl. |
| 25763L0424/00D000 | Wallonia | 1,273 m² | 1 · 1,069 m² | 13.0 m · 4 fl. |
| 62030A0485/00K004 | Wallonia | 645 m² | - | - |
| 92102B0139/00E000 | Wallonia | 573 m² | 1 · 147 m² | 7.4 m · 2 fl. |
| 25105B0248/00P003 | Wallonia | 320 m² | 1 · 280 m² | 9.8 m · 3 fl. |
| 52045A0092/00R007 | Wallonia | 251 m² | 1 · 127 m² | 14.4 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 5
6 of 6 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 7 entries · 108,618 EUR awarded · 108,488 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 8,847 EUR | 8,847 EUR |
| 2024 | 1 | 28,187 EUR | 28,187 EUR |
| 2023 | 2 | 33,758 EUR | 33,628 EUR |
| 2022 | 1 | 37,826 EUR | 37,826 EUR |
Schemes
Dienstencheques
Opleidingsfonds dienstencheques
Recognitions: source did not answer, try again later.
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Of 797 companies in sector 96910 we hold annual accounts for 609. 382 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formCooperative company
Founded02-05-2006
Fiscal year end31-12
Activities, NACEBEL
74700
81210General cleaning of buildings
96910Personal service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.