Checked.be
Active
BE 0477.316.115Private limited company
SECRETS dB
Herendal 69 ·1150 Sint-Pieters-Woluwe, Belgium· 24 yrs active
Sector: Beauty care and other beauty treatments
(96220)
Conclusion
SECRETS dB has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €23k and a net result of €50. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 40% of 4350 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €23k |
| Net result | €50 |
| Staff (FTE) | 3.1 |
| Better than sector | 40% |
Financial profile
45
/ 100
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
Health
31
Profitability
1
Solvency
15
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 2002, 24 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
31
/ 100
Weak
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€500
estimate, not credit advice
Score history
23
2021
25
2022
51
2023
46
2024
31
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.68 (< 1.0)
-10
Quick ratio
Quick ratio 0.38 (< 0.6)
-5
Leverage
Debt/equity 5.31 (> 3.0)
-10
Profitability
ROE 0%
+3
Interest coverage
Interest coverage 1.8×
+3
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 31-07-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
volatile
Too volatile to project: the yearly deviation from the trend is ~42% of the level (threshold 35%). We therefore deliberately show no projection line.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 96, Personal service activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 15.8% | 28.3% | |
| Net result | €50 | €3k | |
| Equity | €23k | €17k | |
| Gross operating margin | €226k | €28k | |
| Staff costs | €164k | €43k |
€41k
-30.8%
21-25
€50
-99.7%
21-25
€20k
-45.9%
21-25
€147k
-9.9%
21-25
€23k
+0.2%
21-25
€-34k
+50.5%
21-25
3
-13.9%
21-25
€164k
+20.1%
21-25
€22
-2.0%
21-25
€124k
-11.6%
21-25
€105k
-25.2%
21-25
€11k
-70.3%
21-25
0.68
+32.2%
21-25
0.38
+25.0%
21-25
15.8%
+11.3%
21-25
5.31
-11.8%
21-25
0.2%
-99.7%
21-25
0.0%
-99.6%
21-25
1.75
-35.7%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €41k | €59k | €34k | €15k | €31k |
| Net profit | €50 | €16k | €9k | €-14k | €-1k |
| Cash flow | €20k | €38k | €31k | €10k | €25k |
| Staff costs | €164k | €136k | €113k | €101k | €111k |
| Income taxes | €22 | €22 | €22 | €1k | €38 |
| Dividends | - | - | - | - | - |
| Total assets | €147k | €163k | €149k | €163k | €202k |
| Equity | €23k | €23k | €8k | €-966 | €13k |
| Debt | €124k | €140k | €142k | €164k | €189k |
| of which ≤ 1y | €105k | €140k | €130k | €126k | €124k |
| of which > 1y | - | - | €11k | €38k | €65k |
| Working capital | €-34k | €-68k | €-85k | €-87k | €-69k |
| Employees (FTE) | 3.1 | 3.6 | 2.9 | 2.7 | 3.8 |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.68 | 0.51 | 0.35 | 0.31 | 0.44 |
| Quick ratio | 0.38 | 0.31 | 0.19 | 0.13 | 0.27 |
| Working capital ratio | -23.0% | -41.8% | -57.0% | -53.1% | -34.3% |
| Solvency | 15.8% | 14.2% | 5.1% | -0.6% | 6.5% |
| Debt / equity | 5.31 | 6.02 | 18.80 | -169.88 | 14.27 |
| Long-term debt ratio | - | - | 1.50 | -39.28 | 4.91 |
| Interest coverage | 1.75 | 2.73 | 9.95 | 3.51 | 5.62 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 0.0% | 9.6% | 5.7% | -8.7% | -0.7% |
| ROE | 0.2% | 67.6% | 112.8% | 1471.8% | -11.1% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (26 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €147k | €163k | €149k | €163k | €202k |
| Fixed assets | 21/28 | €76k | €92k | €104k | €124k | €148k |
| Intangible fixed assets | 21 | €2k | - | - | €400 | €1k |
| Tangible fixed assets | 22/27 | €73k | €91k | €103k | €123k | €146k |
| Financial fixed assets | 28 | €540 | €540 | €540 | €540 | €540 |
| Current assets | 29/58 | €71k | €72k | €45k | €40k | €55k |
| Stocks & contracts in progress | 3 | €31k | €29k | €20k | €23k | €21k |
| Amounts receivable within one year | 40/41 | €38k | €42k | €25k | €16k | €34k |
| Cash & bank | 54/58 | €2k | €1k | €41 | €229 | €27 |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €147k | €163k | €149k | €163k | €202k |
| Equity | 10/15 | €23k | €23k | €8k | €-966 | €13k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | €19k |
| Reserves | 13 | €7k | €7k | €7k | €7k | €7k |
| Accumulated profits (losses) | 14 | €-2k | €-2k | €-18k | €-26k | €-12k |
| Amounts payable | 17/49 | €124k | €140k | €142k | €164k | €189k |
| Amounts payable after one year | 17 | - | - | €11k | €38k | €65k |
| Amounts payable within one year | 42/48 | €105k | €140k | €130k | €126k | €124k |
| Trade debts payable within one year | 44 | €7k | €88k | €56k | €41k | €49k |
| Income statement | ||||||
| Gross operating margin | 9900 | €226k | €197k | €152k | €117k | €148k |
| Operating result | 9901 | €21k | €37k | €12k | €-9k | €4k |
| Financial income | 75 | €3k | €78 | - | - | - |
| Financial charges | 65 | €23k | €22k | €3k | €4k | €5k |
| Result before taxes | 9903 | €71 | €16k | €9k | €-13k | €-1k |
| Income taxes | 67/77 | €22 | €22 | €22 | €1k | €38 |
| Net result for the period | 9904 | €50 | €16k | €9k | €-14k | €-1k |
| Result to be appropriated | 9905 | €50 | €16k | €9k | €-14k | €-1k |
Legal Structure
| NACE primary | Beauty care and other beauty treatments(96220) |
| Legal form | Private limited company(610) |
| Incorporation | 10-04-2002 |
| Status | Active |
| Postal code | 1150 |
Establishment units
Herendal 67A, 1150 Sint-Pieters-Woluwe
since 20032.131.778.007
Real-estate footprint
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21683D0217/00A002 | Brussels | 1,567 m² | 1 · 1,218 m² | 16.2 m · 4 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2021net €16k ▲85%
Operating result €37k, net result €16k, both a record.
22-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €9k
Net result €9k after 2 loss-making years.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-14k
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
04-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
16-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
14-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
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.
Credit advice
Company registry (CBE)
Activities
93022Beauty treatment96022Beauty care and other beauty treatments96220
Names & trade names
| Legal nameFR | SECRETS dB |
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