SENCO PROJECTS
ActiveSummary
SENCO PROJECTS has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€20,515) and a net result of €3,143. Equity is growing by ~16.3% per year across the filed fiscal years. Its solvency ranks better than 10% of 14220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73▼-15
Solvency3=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.75 against 0.77 in 2024; short-term debt: 122% and cash: 18.7% of total assets), and equity is negative.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
-22%
Return on assets
3.4%
Age of the figures
15 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 14220 sector peers (2025).
NBB · sector comparisonPosition among 14220 sector peers
Solvency
better than 10%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 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
2 d late
2024
4 d late
2023
on the day
2022
4 d early
2021
on the day
2020
4 d early
2019
7 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 1 day after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€20,515▲ 13.3%
2024 · -€23,658
Total assets
€93,124▼ 11.9%
2024 · €105,740
Net result
€3,143▼ 80.6%
2024 · €16,186
Working capital
-€28,685▲ 3.0%
2024 · -€29,561
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€14,957▲ 472%€841▼ 94.4%€8,767▲ 942%€16,072▲ 83.3%€3,334▼ 79.3%
Net result€14,445within the sector's middle half▲ 706%€592within the sector's middle half▼ 95.9%€8,816within the sector's middle half▲ 1,388%€16,186within the sector's middle half▲ 83.6%€3,143within the sector's middle half▼ 80.6%
Equity-€49,251below the sector's middle half▲ 22.7%-€48,659below the sector's middle half▲ 1.2%-€39,843below the sector's middle half▲ 18.1%-€23,658below the sector's middle half▲ 40.6%-€20,515below the sector's middle half▲ 13.3%
Total assets€82,763below the sector's middle half▲ 1.8%€80,903below the sector's middle half▼ 2.2%€88,404below the sector's middle half▲ 9.3%€105,740below the sector's middle half▲ 19.6%€93,124below the sector's middle half▼ 11.9%
Debt€132,014▼ 9.0%€129,562▼ 1.9%€128,247▼ 1.0%€129,397▲ 0.9%€113,639▼ 12.2%
Working capital-€49,431▲ 22.8%-€48,659▲ 1.6%-€43,157▲ 11.3%-€29,561▲ 31.5%-€28,685▲ 3.0%
Solvency-59.5%below the sector's middle half▲ 18.8pp-60.1%below the sector's middle half▼ 0.6pp-45.1%below the sector's middle half▲ 15.1pp-22.4%below the sector's middle half▲ 22.7pp-22.0%below the sector's middle half▲ 0.3pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 79% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €93,124
Fixed assets
€8,170 ▲ 38.4%
Current assets
€84,954 ▼ 14.9%
Key figures and ratios
EBITDA
€5,418▼
2024 · €16,782
Cash flow
€5,226▼
2024 · €16,896
Current ratio
0.75▼
2024 · 0.77
Quick ratio
0.70▼
2024 · 0.75
Debt to equity
-5.54▼
2024 · -5.47
ROA
3.4%▼
2024 · 15.3%
Interest coverage
64.53▼
2024 · 189.35
Debt ≤ 1 year
€113,639▼
2024 · €129,397
Income taxes
€174▲
2024 · €171
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,381 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit under 5% of the balance sheet
2.0%
went bankrupt
3.1%
stopped otherwise
94%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,381 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €180 | €180 | €237 | €710 | €2,084 | ▲ 193% |
| Other operating charges640/8 | - | €1,097 | €1,559 | €1,009 | €964 | ▼ 4.5% |
| Gross operating margin9900 | €16,743 | €2,118 | €10,563 | €17,791 | €6,382 | ▼ 64.1% |
| Operating profit (loss)9901 | €14,957 | €841 | €8,767 | €16,072 | €3,334 | ▼ 79.3% |
| Financial income75/76B | - | €153 | €349 | €373 | €67 | ▼ 82.0% |
| Recurring financial income75 | €30 | €153 | €349 | €373 | €67 | ▼ 82.0% |
| Financial charges65/66B | - | €401 | €130 | €89 | €84 | ▼ 5.3% |
| Recurring financial charges65 | €131 | €401 | €130 | €89 | €84 | ▼ 5.3% |
| Profit (loss) for the period before taxes9903 | €14,856 | €592 | €8,986 | €16,356 | €3,317 | ▼ 79.7% |
| Income taxes67/77 | €411 | - | €171 | €171 | €174 | ▲ 2.1% |
| Profit (loss) for the period9904 | €14,445 | €592 | €8,816 | €16,186 | €3,143 | ▼ 80.6% |
| Profit (loss) for the period to be appropriated9905 | €14,445 | €592 | €8,816 | €16,186 | €3,143 | ▼ 80.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €82,763 | €80,903 | €88,404 | €105,740 | €93,124 | ▼ 11.9% |
| Fixed assets21/28 | €180 | - | €3,313 | €5,903 | €8,170 | ▲ 38.4% |
| Tangible fixed assets22/27 | €180 | - | €3,313 | €2,603 | €4,870 | ▲ 87.1% |
| Plant, machinery and equipment23 | - | - | €3,313 | €2,603 | €4,870 | ▲ 87.1% |
| Financial fixed assets28 | - | - | - | €3,300 | €3,300 | = |
| Current assets29/58 | €82,583 | €80,903 | €85,091 | €99,836 | €84,954 | ▼ 14.9% |
| Stocks and contracts in progress3 | €8,026 | €9,457 | €3,546 | €3,075 | €5,851 | ▲ 90.2% |
| Stocks30/36 | - | €9,457 | €3,546 | €3,075 | €5,851 | ▲ 90.2% |
| Amounts receivable within one year40/41 | €58,996 | €63,339 | €63,633 | €67,222 | €60,084 | ▼ 10.6% |
| Trade receivables40 | - | €58,356 | €58,356 | €58,413 | €60,084 | ▲ 2.9% |
| Other amounts receivable41 | - | €4,983 | €5,277 | €8,809 | - | - |
| Cash at bank and in hand54/58 | €15,562 | €8,106 | €17,912 | €29,539 | €17,385 | ▼ 41.1% |
| Deferred charges and accrued income490/1 | - | - | - | - | €1,635 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €82,763 | €80,903 | €88,404 | €105,740 | €93,124 | ▼ 11.9% |
| Equity10/15 | -€49,251 | -€48,659 | -€39,843 | -€23,658 | -€20,515 | ▲ 13.3% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€67,851 | -€67,259 | -€58,443 | -€42,258 | -€39,115 | ▲ 7.4% |
| Amounts payable17/49 | €132,014 | €129,562 | €128,247 | €129,397 | €113,639 | ▼ 12.2% |
| Amounts payable within one year42/48 | €132,014 | €129,562 | €128,247 | €129,397 | €113,639 | ▼ 12.2% |
| Trade debts44 | €3,301 | €2,046 | €135 | €1,701 | €3,100 | ▲ 82.2% |
| Suppliers440/4 | - | €2,046 | €135 | €1,701 | €3,100 | ▲ 82.2% |
| Advances received on contracts in progress46 | - | - | - | - | €150 | - |
| Taxes, remuneration and social security45 | - | - | €596 | €180 | €348 | ▲ 93.0% |
| Taxes450/3 | - | - | €596 | €180 | €348 | ▲ 93.0% |
| Other amounts payable47/48 | - | €127,516 | €127,516 | €127,516 | €110,042 | ▼ 13.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,445 | €592 | €8,816 | €16,186 | €3,143 | ▼ 80.6% |
| + Depreciation and write-downs630 | €180 | €180 | €237 | €710 | €2,084 | ▲ 193% |
| Operating cash flow (approximation) | €14,625 | €772 | €9,052 | €16,896 | €5,226 | ▼ 69.1% |
| Investment in fixed assets (approximation) | - | - | - | -€3,300 | -€4,350 | ▼ 31.8% |
| Change in cash | - | -€7,455 | €9,805 | €11,627 | -€12,154 | ▼ 205% |
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
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 2 days late
2025
04-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
30-06
Financial
Highest result since 2019net €16,186 ▲83.6%
Operating result €16,072, net result €16,186, both a record.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Back to profitnet €1,793
Net result €1,793 after one loss-making year.
07-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 7 days late
2019
01-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 1 day late
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 160 days late
2016
30-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 120 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, Borsbeek · 1 establishment unit since 2008
Ground area
871 m²
Building footprint
185 m²
Volume, LiDAR
2,712 m³
Parcel 11007A0085/00R000, Flanders · tallest building 17.5 m, ±5 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Senco Projects
since 20082.169.534.959
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11007A0085/00R000 | Flanders | 871 m² | 1 · 185 m² | 17.5 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector and region
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Antwerpen
"Kontakt" parochie O.-L.-Vrouw van Goede Wil
BE 0407.898.064
Duffel
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 7,326 companies in sector 68110 we hold annual accounts for 5,390. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded11-03-2008
Fiscal year end30-06
Activities, NACEBEL 2025
68110Buying and selling of own real estate
43350Other building finishing work
73110Advertising agencies
74209Other photographic activities
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0896347306
Also
9925:BE0896347306
Registered
18-02-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.