Checked.be
Active
BE 0462.163.428Private limited company
SECRO
Deurnestraat 200 ·2640 Mortsel, Belgium· 28 yrs active
Sector: Translation services
(74301)
Conclusion
SECRO has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €35k and a net result of €5k. Equity is growing by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 81% of 3369 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €35k |
| Net result | €5k |
| Better than sector | 81% |
| Active | 28 yrs |
Financial profile
91
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
100
Profitability
75
Solvency
100
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1997, 28 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
100
/ 100
Excellent
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
€4k
estimate, not credit advice
Score history
81
2021
70
2022
70
2023
86
2024
100
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 4.94 (≥ 1.5)
+10
Quick ratio
Quick ratio 4.94 (≥ 1.0)
+5
Leverage
Debt/equity 0.24 (< 1.0)
+10
Profitability
ROE 15% (≥ 10%)
+10
Interest coverage
Interest coverage 67.3× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
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 30-08-2026 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.
growing
Equity: growth of ~2.6%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
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 74, Other professional, scientific and technical activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 80.7% | 50.2% | |
| Net result | €5k | €9k | |
| Equity | €35k | €43k | |
| Gross operating margin | €9k | €27k | |
| Total assets | €44k | €99k |
€9k
-36.2%
21-25
€5k
+117.3%
21-25
€6k
-44.0%
21-25
€44k
+19.3%
21-25
€35k
+17.6%
21-25
€33k
+13.7%
21-25
€4k
-13.4%
21-25
€8k
+27.1%
21-25
€8k
+27.1%
21-25
€5k
-
21-25
4.94
-8.6%
21-25
4.94
-8.6%
21-25
80.7%
-1.5%
21-25
0.24
+8.2%
21-25
14.9%
+84.8%
21-25
12.0%
+82.2%
21-25
67.29
-33.6%
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 | €9k | €14k | €11k | €13k | €18k |
| Net profit | €5k | €2k | €-2k | €-724 | €2k |
| Cash flow | €6k | €11k | €8k | €10k | €13k |
| Staff costs | - | - | - | - | - |
| Income taxes | €4k | €4k | €3k | €3k | €5k |
| Dividends | - | - | - | - | - |
| Total assets | €44k | €37k | €34k | €43k | €52k |
| Equity | €35k | €30k | €28k | €29k | €30k |
| Debt | €8k | €7k | €6k | €13k | €21k |
| of which ≤ 1y | €8k | €7k | €6k | €13k | €16k |
| of which > 1y | - | - | - | - | €5k |
| Working capital | €33k | €29k | €19k | €11k | €7k |
| Employees (FTE) | - | - | - | - | - |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 4.94 | 5.40 | 4.01 | 1.85 | 1.42 |
| Quick ratio | 4.94 | 5.40 | 4.01 | 1.85 | 1.42 |
| Working capital ratio | 76.0% | 79.7% | 56.0% | 26.7% | 13.2% |
| Solvency | 80.7% | 81.9% | 81.4% | 68.6% | 58.6% |
| Debt / equity | 0.24 | 0.22 | 0.23 | 0.46 | 0.71 |
| Long-term debt ratio | - | - | - | - | 0.18 |
| Interest coverage | 67.29 | - | 101.37 | 65.71 | 61.03 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 12.0% | 6.6% | -5.2% | -1.7% | 4.8% |
| ROE | 14.9% | 8.1% | -6.4% | -2.5% | 8.3% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (23 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 | €44k | €37k | €34k | €43k | €52k |
| Fixed assets | 21/28 | €2k | €793 | €9k | €18k | €29k |
| Tangible fixed assets | 22/27 | €2k | €793 | €9k | €18k | €29k |
| Current assets | 29/58 | €42k | €36k | €25k | €25k | €23k |
| Amounts receivable within one year | 40/41 | €25k | €20k | €15k | €10k | €9k |
| Cash & bank | 54/58 | €16k | €16k | €10k | €15k | €14k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €44k | €37k | €34k | €43k | €52k |
| Equity | 10/15 | €35k | €30k | €28k | €29k | €30k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | €19k |
| Reserves | 13 | €17k | €12k | €12k | €12k | €12k |
| Accumulated profits (losses) | 14 | - | €-65 | €-2k | €-724 | - |
| Amounts payable | 17/49 | €8k | €7k | €6k | €13k | €21k |
| Amounts payable after one year | 17 | - | - | - | - | €5k |
| Amounts payable within one year | 42/48 | €8k | €7k | €6k | €13k | €16k |
| Trade debts payable within one year | 44 | €51 | €3k | €3k | - | €282 |
| Income statement | ||||||
| Gross operating margin | 9900 | €9k | €14k | €11k | €14k | €18k |
| Operating result | 9901 | €8k | €6k | €1k | €3k | €7k |
| Financial income | 75 | €737 | €795 | €213 | €30 | €182 |
| Financial charges | 65 | €132 | - | €107 | €204 | €300 |
| Result before taxes | 9903 | €9k | €7k | €1k | €3k | €7k |
| Income taxes | 67/77 | €4k | €4k | €3k | €3k | €5k |
| Net result for the period | 9904 | €5k | €2k | €-2k | €-724 | €2k |
| Result to be appropriated | 9905 | €5k | €2k | €-2k | €-724 | €2k |
Legal Structure
| NACE primary | Translation services(74301) |
| Legal form | Private limited company(610) |
| Incorporation | 19-12-1997 |
| Status | Active |
| Postal code | 2640 |
Establishment units
SECRO BVBA
since 19982.085.176.831
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11029A0180/00H006 | Flanders | 1,210 m² | 1 · 417 m² | 17.9 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
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
31-12
Financial
Highest result since 2021net €5k ▲117%
Operating result €8k, net result €5k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
29-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 90 days late
2023
31-12
Financial
Weakest financial yearnet €-2k
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 4.01
Current ratio from 1.85 to 4.01; short-term debt falls from €13k to €6k.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 61 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
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.
Credit advice
Company registry (CBE)
Activities
Other professional, scientific and technical activities74300Translation services7430174852
Names & trade names
| Legal nameNL | SECRO |
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