SECOSA
ActiveSummary
SECOSA has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €17k and a net result of €-192. Equity is shrinking by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 93% of 17090 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability67▼-9
Solvency100=
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 38.67; short-term debt: 2.6% and cash: 13.9% of total assets), and 6.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 →
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
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 2025Solvency, return and age of the figures
Solvency
93.7%
Return on assets
-1.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
35 d late
2023
36 d late
2022
56 d late
2021
23 d late
2020
30 d late
2019
24 d late
← 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
€17k▼ 1.1%
2024 · €17k
2018: €21k
2019: €18k▼ -10.9% vs 2018
2020: €24k▲ +29.3% vs 2019highest in 8 years
2021: €23k▼ -1.7% vs 2020
2022: €20k▼ -12.3% vs 2021
2023: €16k▼ -21.2% vs 2022lowest in 8 years
2024: €17k▲ +6.1% vs 2023
2025: €17k▼ -1.1% vs 2024
2018 → 2025
Total assets
€18k▲ 1.5%
2024 · €18k
2018: €45khighest in 8 years
2019: €33k▼ -26.3% vs 2018
2020: €36k▲ +9.6% vs 2019
2021: €34k▼ -7.4% vs 2020
2022: €24k▼ -29.1% vs 2021
2023: €18k▼ -26.3% vs 2022lowest in 8 years
2024: €18k▲ +0.9% vs 2023
2025: €18k▲ +1.5% vs 2024
2018 → 2025
Net result
€-192
2024 · €984
2018: €689
2019: €-2k▼ -425% vs 2018
2020: €5k▲ +340% vs 2019highest in 8 years
2021: €-398▼ -107% vs 2020
2022: €-3k▼ -620% vs 2021
2023: €-4k▼ -51.6% vs 2022lowest in 8 years
2024: €984▲ +123% vs 2023
2025: €-192▼ -120% vs 2024
2018 → 2025
Working capital
€18k▲ 11.6%
2023 · €16k
2018: €4klowest value
2019: €6k▲ +46.1% vs 2018
2020: €14k▲ +131% vs 2019
2021: €17k▲ +24.2% vs 2020
2022: €19k▲ +10.6% vs 2021highest value
2023: €16k▼ -17.7% vs 2022
2025: €18k
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€23k-€20k▼ 12.3%€16k▼ 21.2%€17k▲ 6.1%€17k▼ 1.1%
2021: €23khighest in 5 years
2022: €20k▼ -12.3% vs 2021
2023: €16k▼ -21.2% vs 2022lowest in 5 years
2024: €17k▲ +6.1% vs 2023
2025: €17k▼ -1.1% vs 2024
Operating result€738-€-2k€-4k▼ 57.7%€2k€608▼ 69.2%
2021: €738
2022: €-2k▼ -428% vs 2021
2023: €-4k▼ -57.7% vs 2022lowest in 5 years
2024: €2k▲ +152% vs 2023highest in 5 years
2025: €608▼ -69.2% vs 2024
Net result€-398-€-3k▼ 620%€-4k▼ 51.6%€984€-192
2021: €-398
2022: €-3k▼ -620% vs 2021
2023: €-4k▼ -51.6% vs 2022lowest in 5 years
2024: €984▲ +123% vs 2023highest in 5 years
2025: €-192▼ -120% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 69% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €18k
Equity
€17k ▼ 1.1%
Debt
€1k ▲ 69.4%
Debt's share of the balance-sheet total rises from 3.8% to 6.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1k▼
2024 · €3k
Cash flow
€289▼
2024 · €2k
Current ratio
38.67
Debt to equity
0.07▲
2024 · 0.04
ROE
-1.1%▼
2024 · 5.8%
ROA
-1.1%▼
2024 · 5.5%
Interest coverage
11.00▼
2024 · 26.87
Debt ≤ 1 year
€467
Income taxes
€701▼
2024 · €890
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 · 33 lines
Balance sheet
Code20242025
Assets
Total assets20/58€18k€18k▲
Fixed assets21/28€481-
Tangible fixed assets22/27€481-
Furniture and vehicles24€481-
Current assets29/58€17k€18k▲
Amounts receivable within one year40/41€12k€16k▲
Trade receivables40€5k€6k▲
Other amounts receivable41€7k€10k▲
Cash at bank and in hand54/58€5k€3k▼
Equity and liabilities
Total equity and liabilities10/49€18k€18k▲
Equity10/15€17k€17k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-3k€-4k▼
Amounts payable17/49€673€1k▲
Amounts payable within one year42/48-€467
Trade debts44-€467
Suppliers440/4-€467
Accrued charges and deferred income492/3€673€673=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€661€481▼
Other operating charges640/8€2k€1k▼
Gross operating margin9900€5k€2k▼
Operating profit (loss)9901€2k€608▼
Financial charges65/66B€98€99▲
Recurring financial charges65€98€99▲
Profit (loss) for the period before taxes9903€2k€509▼
Income taxes67/77€890€701▼
Profit (loss) for the period9904€984€-192▼
Profit (loss) for the period to be appropriated9905€984€-192▼
Appropriation of the result
Profit (loss) to be appropriated9906€-3k€-4k▼
Profit (loss) brought forward from the previous period14P€-4k€-3k▲
The notes to these accounts (4 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €685 | €2k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €8k | €962 | €661 | €481 | ▼ 27.2% |
| Other operating charges640/8 | €1k | €1k | €802 | €2k | €1k | ▼ 30.1% |
| Gross operating margin9900 | €10k | €8k | €411 | €5k | €2k | ▼ 46.4% |
| Operating profit (loss)9901 | €738 | €-2k | €-4k | €2k | €608 | ▼ 69.2% |
| Financial charges65/66B | €320 | €250 | €381 | €98 | €99 | ▲ 1.0% |
| Recurring financial charges65 | €320 | €250 | €381 | €98 | €99 | ▲ 1.0% |
| Profit (loss) for the period before taxes9903 | €418 | €-3k | €-4k | €2k | €509 | ▼ 72.8% |
| Income taxes67/77 | €816 | €191 | €138 | €890 | €701 | ▼ 21.2% |
| Profit (loss) for the period9904 | €-398 | €-3k | €-4k | €984 | €-192 | ▼ 120% |
| Profit (loss) for the period to be appropriated9905 | €-398 | €-3k | €-4k | €984 | €-192 | ▼ 120% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €34k | €24k | €18k | €18k | €18k | ▲ 1.5% |
| Fixed assets21/28 | €8k | €2k | €1k | €481 | - | - |
| Tangible fixed assets22/27 | €8k | €2k | €1k | €481 | - | - |
| Furniture and vehicles24 | €8k | €2k | €1k | €481 | - | - |
| Current assets29/58 | €26k | €22k | €16k | €17k | €18k | ▲ 4.4% |
| Amounts receivable within one year40/41 | €22k | €20k | €13k | €12k | €16k | ▲ 26.8% |
| Trade receivables40 | €4k | €5k | - | €5k | €6k | ▲ 11.3% |
| Other amounts receivable41 | €18k | €15k | €13k | €7k | €10k | ▲ 37.5% |
| Cash at bank and in hand54/58 | €4k | €2k | €3k | €5k | €3k | ▼ 50.1% |
| Deferred charges and accrued income490/1 | - | €178 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €34k | €24k | €18k | €18k | €18k | ▲ 1.5% |
| Equity10/15 | €23k | €20k | €16k | €17k | €17k | ▼ 1.1% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Outside capital11 | €19k | - | - | - | - | - |
| Other1109/19 | €19k | - | - | - | - | - |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €3k | €6 | €-4k | €-3k | €-4k | ▼ 5.7% |
| Amounts payable17/49 | €10k | €3k | €1k | €673 | €1k | ▲ 69.4% |
| Amounts payable after more than one year17 | €1k | - | - | - | - | - |
| Financial debts170/4 | €1k | - | - | - | - | - |
| Amounts payable within one year42/48 | €8k | €3k | €718 | - | €467 | - |
| Current portion of amounts payable after more than one year42 | €4k | €1k | - | - | - | - |
| Trade debts44 | €2k | €1k | €718 | - | €467 | - |
| Suppliers440/4 | €2k | €1k | €718 | - | €467 | - |
| Taxes, remuneration and social security45 | €3k | - | - | - | - | - |
| Taxes450/3 | €3k | - | - | - | - | - |
| Accrued charges and deferred income492/3 | €773 | €772 | €772 | €673 | €673 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-398 | €-3k | €-4k | €984 | €-192 | ▼ 120% |
| + Depreciation and write-downs630 | €8k | €8k | €962 | €661 | €481 | ▼ 27.2% |
| Operating cash flow (approximation) | €8k | €5k | €-3k | €2k | €289 | ▼ 82.4% |
| Investment in fixed assets (approximation) | - | €-2k | €0 | €-1 | - | - |
| Change in cash | - | €-2k | €2k | €2k | €-3k | ▼ 251% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
04-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 35 days late
2024
31-12
Financial
Back to profitnet €984
Net result €984 after 3 loss-making years.
05-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 36 days late
2023
31-12
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 22.94
Current ratio from 8.17 to 22.94; short-term debt falls from €3k to €718.
25-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 56 days late
2022
31-12
Financial
Liquidity triplescurrent ratio 8.17
Current ratio from 3.10 to 8.17; short-term debt falls from €8k to €3k.
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 24 days late
Show earlier events
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 26 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
20-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 51 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Tervuren · 1 establishment unit since 2007
Ground area
967 m²
Building footprint
248 m²
Volume, LiDAR
1,099 m³
2 parcels, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Secosa BVBA
since 20072.163.532.936
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24114B0181/00N006 | Flanders | 504 m² | 1 · 138 m² | 4.6 m · 1 fl. |
| 22002A0376/00T002 | Flanders | 463 m² | 1 · 109 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,993 companies in sector 62200 we hold annual accounts for 18,396. 12,254 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
Founded21-05-2007
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.