SECUWEL
ActiveSummary
SECUWEL has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €244k and a net result of €7k. Equity is growing by ~16.2% per year across the filed fiscal years. Its solvency ranks better than 90% of 9460 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
88
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability72▲+66
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity ample (current ratio 9.7 against 11.12 in 2024; short-term debt: 10.3% and cash: 48.1% of total assets), and 10.3% of the assets are financed with debt.
Credit advice 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 71
Relative position
BE, all sectors
reference
Sector 71
lower
← 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
89.7%
Return on assets
2.5%
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 30-07-2026, 1 day ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
1 d early
2024
25 d late
2023
8 d late
2022
9 d late
2021
25 d late
2020
27 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€244k▲ 2.9%
2024 · €237k
2020: €39k
2021: €151k
2022: €231k
2023: €264k
2024: €237k
2020 → 2025
Total assets
€272k▲ 4.5%
2024 · €260k
2020: €67k
2021: €193k
2022: €257k
2023: €285k
2024: €260k
2020 → 2025
Net result
€7k
2024 · €-27k
2020: €36k
2021: €112k
2022: €80k
2023: €33k
2024: €-27k
2020 → 2025
Working capital
€243k▲ 4.2%
2024 · €233k
2020: €38k
2021: €143k
2022: €222k
2023: €258k
2024: €233k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€151k-€231k▲ 52.8%€264k▲ 14.4%€237k▼ 10.3%€244k▲ 2.9%
Operating result€156k-€102k▼ 35.0%€56k▼ 45.2%€-27k€7k
Net result€112k-€80k▼ 28.9%€33k▼ 58.4%€-27k€7k
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 returns to profit in 2025: €7k after a loss of €27k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €272k
Fixed assets
€1k ▼ 68.3%
Current assets
€271k ▲ 5.7%
Equity and liabilities €272k
Equity
€244k ▲ 2.9%
Debt
€28k ▲ 21.2%
Debt's share of the balance-sheet total rises from 8.8% to 10.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€8k▲
2024 · €-25k
Cash flow
€8k▲
2024 · €-25k
Current ratio
9.70▼
2024 · 11.12
Debt to equity
0.11▲
2024 · 0.10
ROE
2.8%▲
2024 · -11.5%
ROA
2.5%▲
2024 · -10.5%
Interest coverage
108.09▲
2024 · -336.53
Debt ≤ 1 year
€28k▲
2024 · €23k
Income taxes
€693▲
2024 · €445
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 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€260k€272k▲
Fixed assets21/28€4k€1k▼
Tangible fixed assets22/27€4k€1k▼
Plant, machinery and equipment23€1k€984▼
Furniture and vehicles24€3k€335▼
Current assets29/58€256k€271k▲
Amounts receivable within one year40/41€8k€11k▲
Trade receivables40€392-
Other amounts receivable41€8k€11k▲
Current investments50/53€129k€129k=
Cash at bank and in hand54/58€117k€131k▲
Deferred charges and accrued income490/1€2k€158▼
Equity and liabilities
Total equity and liabilities10/49€260k€272k▲
Equity10/15€237k€244k▲
Contributions10/11€3k€3k=
Reserves13€145k€152k▲
Distributable reserves133€145k€152k▲
Profit (loss) carried forward14€89k€89k=
Amounts payable17/49€23k€28k▲
Amounts payable within one year42/48€23k€28k▲
Trade debts44€10k€19k▲
Suppliers440/4€10k€19k▲
Taxes, remuneration and social security45€7k€1k▼
Taxes450/3€4k€1k▼
Remuneration and social security454/9€3k-
Other amounts payable47/48€6k€7k▲
Income statement
Code20242025
Non-recurring operating income76A-€3k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€594▼
Other operating charges640/8€366€390▲
Gross operating margin9900€-24k€8k▲
Operating profit (loss)9901€-27k€7k▲
Financial income75/76B€513€669▲
Recurring financial income75€513€669▲
Financial charges65/66B€74€71▼
Recurring financial charges65€74€71▼
Profit (loss) for the period before taxes9903€-27k€8k▲
Income taxes67/77€445€693▲
Profit (loss) for the period9904€-27k€7k▲
Profit (loss) for the period to be appropriated9905€-27k€7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€89k€96k▲
Profit (loss) brought forward from the previous period14P€116k€89k▼
Transfer to equity691/2-€7k
To other reserves6921-€7k
The notes to these accounts (7 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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
31-12
Financial
Weakest financial yearnet €-27k ▼182%
Net result drops to €-27k, the lowest in the series; recovery starts the following year.
08-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 8 days late
2023
09-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 9 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 9.51
Current ratio from 4.38 to 9.51; short-term debt falls from €42k to €26k.
31-12
Financial
Equity above €200kEq €231k ▲52.8%
3 profitable years in a row build equity to €231k.
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 25 days late
2021
31-12
Financial
Highest result since 2020net €112k ▲211%
Operating result €156k, net result €112k, both a record.
31-12
Financial
Equity above €150kEq €151k ▲287%
2 profitable years in a row build equity to €151k.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Assenede · 1 establishment unit since 2020
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.
Kerrestraat 569968 AssenedeGround area
2,220 m²
Building footprint
212 m²
Volume, LiDAR
892 m³
Parcel 43012C1061/00F000, Flanders · tallest building 6.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
SECUWEL
since 20202.306.236.564
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43012C1061/00F000 | Flanders | 2,220 m² | 1 · 211 m² | 6.2 m · 1 fl. |
Linked by address, not proof of ownership
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.
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Of 11,550 companies in sector 71121 we hold annual accounts for 6,563. 5,016 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-08-2020
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.