Seculyn
ActiveSummary
Seculyn has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €402k and a net result of €25k. Equity is growing by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 38% of 7445 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability46▼-30
Solvency59▼-7
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity tight (current ratio 1.47 against 1.61 in 2023; short-term debt: 65.5% and cash: 11.1% of total assets), and 65.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-07-2025, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d early
2023
56 d late
2022
40 d early
2021
31 d early
2020
2 d early
2019
36 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€402k▲ 6.7%
2023 · €377k
2018: €252k
2019: €366k▲ +45.1% vs 2018
2020: €412k▲ +12.6% vs 2019highest in 7 years
2021: €88k▼ -78.6% vs 2020lowest in 7 years
2022: €117k▲ +33.4% vs 2021
2023: €377k▲ +221% vs 2022
2024: €402k▲ +6.7% vs 2023
2018 → 2024
Total assets
€1.17M▲ 26.4%
2023 · €923k
2018: €741k
2019: €723k▼ -2.4% vs 2018
2020: €505k▼ -30.2% vs 2019lowest in 7 years
2021: €760k▲ +50.6% vs 2020
2022: €544k▼ -28.4% vs 2021
2023: €923k▲ +69.7% vs 2022
2024: €1.17M▲ +26.4% vs 2023highest in 7 years
2018 → 2024
Net result
€25k▼ 51.0%
2023 · €51k
2018: €47k
2019: €114k▲ +140% vs 2018
2020: €46k▼ -59.4% vs 2019
2021: €177k▲ +284% vs 2020highest in 7 years
2022: €29k▼ -83.4% vs 2021
2023: €51k▲ +75.2% vs 2022
2024: €25k▼ -51.0% vs 2023lowest in 7 years
2018 → 2024
Working capital
€357k▲ 6.6%
2023 · €335k
2018: €87k
2019: €199k▲ +129% vs 2018
2020: €106k▼ -46.8% vs 2019
2021: €75k▼ -28.7% vs 2020lowest in 7 years
2022: €97k▲ +29.3% vs 2021
2023: €335k▲ +244% vs 2022
2024: €357k▲ +6.6% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€412k-€88k▼ 78.6%€117k▲ 33.4%€377k▲ 221%€402k▲ 6.7%
2020: €412khighest in 5 years
2021: €88k▼ -78.6% vs 2020lowest in 5 years
2022: €117k▲ +33.4% vs 2021
2023: €377k▲ +221% vs 2022
2024: €402k▲ +6.7% vs 2023
Operating result€63k-€6k▼ 89.8%€43k▲ 575%€89k▲ 105%€56k▼ 36.4%
2020: €63k
2021: €6k▼ -89.8% vs 2020lowest in 5 years
2022: €43k▲ +575% vs 2021
2023: €89k▲ +105% vs 2022highest in 5 years
2024: €56k▼ -36.4% vs 2023
Net result€46k-€177k▲ 284%€29k▼ 83.4%€51k▲ 75.2%€25k▼ 51.0%
2020: €46k
2021: €177k▲ +284% vs 2020highest in 5 years
2022: €29k▼ -83.4% vs 2021
2023: €51k▲ +75.2% vs 2022
2024: €25k▼ -51.0% vs 2023lowest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 36% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.17M
Fixed assets
€45k ▲ 7.7%
Current assets
€1.12M ▲ 27.2%
Equity and liabilities €1.17M
Equity
€402k ▲ 6.7%
Debt
€764k ▲ 39.9%
Debt's share of the balance-sheet total rises from 59.2% to 65.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€71k▼
2023 · €102k
Cash flow
€40k▼
2023 · €65k
Current ratio
1.47▼
2023 · 1.61
Quick ratio
1.25▼
2023 · 1.38
Debt to equity
1.90▲
2023 · 1.45
ROE
6.3%▼
2023 · 13.7%
ROA
2.2%▼
2023 · 5.6%
Interest coverage
2.99▼
2023 · 12.30
Debt ≤ 1 year
€764k▲
2023 · €546k
Income taxes
€19k▼
2023 · €49k
Staff costs
€675k▲
2023 · €637k
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 · 2024 against 2023 · 51 lines
Balance sheet
Code20232024
Assets
Total assets20/58€923k€1.17M▲
Fixed assets21/28€42k€45k▲
Intangible fixed assets21€12k€9k▼
Tangible fixed assets22/27€30k€36k▲
Plant, machinery and equipment23€6k€4k▼
Furniture and vehicles24€24k€32k▲
Current assets29/58€881k€1.12M▲
Stocks and contracts in progress3€125k€168k▲
Stocks30/36€95k€116k▲
Contracts in progress37€30k€52k▲
Amounts receivable within one year40/41€696k€823k▲
Trade receivables40€486k€662k▲
Other amounts receivable41€210k€162k▼
Cash at bank and in hand54/58€60k€130k▲
Deferred charges and accrued income490/1€516€586▲
Equity and liabilities
Total equity and liabilities10/49€923k€1.17M▲
Equity10/15€377k€402k▲
Contributions10/11€31k€31k=
Reserves13€346k€371k▲
Tax-exempt reserves132€48k€48k=
Distributable reserves133€298k€323k▲
Amounts payable17/49€546k€764k▲
Amounts payable within one year42/48€546k€764k▲
Current portion of amounts payable after more than one year42-€5k
Financial debts43€174k€142k▼
Credit institutions430/8€174k€142k▼
Trade debts44€167k€409k▲
Suppliers440/4€167k€409k▲
Advances received on contracts in progress46€1k€10k▲
Taxes, remuneration and social security45€204k€198k▼
Taxes450/3€113k€63k▼
Remuneration and social security454/9€91k€135k▲
Income statement
Code20232024
Remuneration, social security and pensions62€637k€675k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€15k▲
Other operating charges640/8€7k€4k▼
Non-recurring operating charges66A€195€12k▲
Gross operating margin9900€746k€762k▲
Operating profit (loss)9901€89k€56k▼
Financial income75/76B€20k€12k▼
Recurring financial income75€10k€6k▼
Non-recurring financial income76B€10k€6k▼
Financial charges65/66B€8k€24k▲
Recurring financial charges65€8k€24k▲
Profit (loss) for the period before taxes9903€100k€44k▼
Income taxes67/77€49k€19k▼
Profit (loss) for the period9904€51k€25k▼
Profit (loss) for the period to be appropriated9905€51k€25k▼
Appropriation of the result
Profit (loss) to be appropriated9906€51k€25k▼
Transfer to equity691/2€51k€25k▼
To other reserves6921€51k€25k▼
Social balance
Average headcount (FTE)90879.39.1▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €271k | €439k | €637k | €675k | ▲ 5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €48k | €20k | €8k | €13k | €15k | ▲ 11.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €1k | - | - | - | - |
| Other operating charges640/8 | - | €9k | €3k | €7k | €4k | ▼ 37.6% |
| Non-recurring operating charges66A | - | - | - | €195 | €12k | ▲ 5,784% |
| Gross operating margin9900 | €335k | €308k | €494k | €746k | €762k | ▲ 2.1% |
| Operating profit (loss)9901 | €63k | €6k | €43k | €89k | €56k | ▼ 36.4% |
| Financial income75/76B | - | €241k | €162 | €20k | €12k | ▼ 42.0% |
| Recurring financial income75 | €3k | €2k | €162 | €10k | €6k | ▼ 36.3% |
| Non-recurring financial income76B | - | €239k | - | €10k | €6k | ▼ 47.2% |
| Financial charges65/66B | - | €1k | €3k | €8k | €24k | ▲ 188% |
| Recurring financial charges65 | €7k | €869 | €3k | €8k | €24k | ▲ 188% |
| Non-recurring financial charges66B | - | €210 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €59k | €246k | €40k | €100k | €44k | ▼ 56.0% |
| Income taxes67/77 | €13k | €69k | €11k | €49k | €19k | ▼ 61.3% |
| Profit (loss) for the period9904 | €46k | €177k | €29k | €51k | €25k | ▼ 51.0% |
| Profit (loss) for the period to be appropriated9905 | €46k | €177k | €29k | €51k | €25k | ▼ 51.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €505k | €760k | €544k | €923k | €1.17M | ▲ 26.4% |
| Fixed assets21/28 | €306k | €13k | €22k | €42k | €45k | ▲ 7.7% |
| Intangible fixed assets21 | - | - | €3k | €12k | €9k | ▼ 25.6% |
| Tangible fixed assets22/27 | €306k | €13k | €19k | €30k | €36k | ▲ 20.7% |
| Plant, machinery and equipment23 | - | €3k | €174 | €6k | €4k | ▼ 25.4% |
| Furniture and vehicles24 | - | €10k | €19k | €24k | €32k | ▲ 31.2% |
| Current assets29/58 | €198k | €747k | €522k | €881k | €1.12M | ▲ 27.2% |
| Stocks and contracts in progress3 | €53k | €76k | €88k | €125k | €168k | ▲ 34.0% |
| Stocks30/36 | - | €76k | €88k | €95k | €116k | ▲ 21.4% |
| Contracts in progress37 | - | - | - | €30k | €52k | ▲ 73.7% |
| Amounts receivable within one year40/41 | €71k | €146k | €410k | €696k | €823k | ▲ 18.3% |
| Trade receivables40 | - | €97k | €399k | €486k | €662k | ▲ 36.1% |
| Other amounts receivable41 | - | €48k | €11k | €210k | €162k | ▼ 22.9% |
| Cash at bank and in hand54/58 | €75k | €525k | €19k | €60k | €130k | ▲ 118% |
| Deferred charges and accrued income490/1 | - | - | €5k | €516 | €586 | ▲ 13.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €505k | €760k | €544k | €923k | €1.17M | ▲ 26.4% |
| Equity10/15 | €412k | €88k | €117k | €377k | €402k | ▲ 6.7% |
| Contributions10/11 | €19k | €19k | €19k | €31k | €31k | = |
| Reserves13 | €77k | €50k | €99k | €346k | €371k | ▲ 7.3% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Tax-exempt reserves132 | - | €48k | €48k | €48k | €48k | = |
| Distributable reserves133 | - | - | €49k | €298k | €323k | ▲ 8.5% |
| Profit (loss) carried forward14 | €316k | €20k | - | - | - | - |
| Amounts payable17/49 | €93k | €672k | €427k | €546k | €764k | ▲ 39.9% |
| Amounts payable within one year42/48 | €93k | €672k | €425k | €546k | €764k | ▲ 39.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €5k | - |
| Financial debts43 | - | - | €8k | €174k | €142k | ▼ 18.5% |
| Credit institutions430/8 | - | - | €8k | €174k | €142k | ▼ 18.5% |
| Trade debts44 | €23k | €67k | €185k | €167k | €409k | ▲ 145% |
| Suppliers440/4 | - | €67k | €185k | €167k | €409k | ▲ 145% |
| Advances received on contracts in progress46 | - | - | €8k | €1k | €10k | ▲ 752% |
| Taxes, remuneration and social security45 | - | €103k | €185k | €204k | €198k | ▼ 3.0% |
| Taxes450/3 | - | €74k | €98k | €113k | €63k | ▼ 44.3% |
| Remuneration and social security454/9 | - | €30k | €86k | €91k | €135k | ▲ 48.0% |
| Other amounts payable47/48 | - | €501k | €38k | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €2k | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €46k | €177k | €29k | €51k | €25k | ▼ 51.0% |
| + Depreciation and write-downs630 | €48k | €20k | €8k | €13k | €15k | ▲ 11.5% |
| Operating cash flow (approximation) | €94k | €198k | €38k | €65k | €40k | ▼ 38.1% |
| Investment in fixed assets (approximation) | - | €273k | €-17k | €-33k | €-18k | ▲ 45.2% |
| Change in cash | - | €450k | €-506k | €40k | €70k | ▲ 74.4% |
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
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €25k ▼51%
Net result drops to €25k, the lowest in the series.
25-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 56 days late
2023
31-12
Financial
Equity above €200kEq €377k ▲221%
6 profitable years in a row build equity to €377k.
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €100kEq €117k ▲33.4%
5 profitable years in a row build equity to €117k.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €177k ▲284%
Net result €177k, the highest in the series.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
03-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
01-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
12-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 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
13 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, Heusden-Zolder · 1 establishment unit since 1991
Ground area
13 m²
Parcel 71065A1831/00V000, Flanders. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Seculyn
since 19912.051.309.280
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71065A1831/00V000 | Flanders | 13 m² | - | - |
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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 2,805 EUR awarded · 2,805 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 2,805 EUR | 2,805 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 22,815 companies in sector 43211 we hold annual accounts for 10,325. 6,985 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
Founded30-11-1990
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
80090Investigation and security activities
Contact
Website
www.etv.beHeusden-Zolder
Scores and ratios are computed by Checked and are not a credit decision.