SECUMATIC
ActiveSummary
SECUMATIC has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.20M and a net result of €141k. Equity is growing by ~14.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 7445 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability82▲+4
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity ample (current ratio 10.64 against 5.18 in 2023; short-term debt: 8.4% and cash: 41.6% of total assets), and 8.5% of the assets are financed with debt.
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Signals
Four 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
91.5%
Return on assets
10.7%
Age of the figures
21 mo
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 30-07-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
1 d early
2023
29 d early
2022
27 d early
2021
16 d early
2020
32 d early
2019
1 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€1.20M▲ 13.2%
2023 · €1.06M
Total assets
€1.32M▲ 1.7%
2023 · €1.29M
Net result
€141k▲ 43.7%
2023 · €98k
Working capital
€1.07M▲ 19.7%
2023 · €895k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€227k▲ 14.8%€187k▼ 17.8%€255k▲ 36.7%€140k▼ 45.3%€185k▲ 32.6%
Net result€145k▲ 15.9%€122k▼ 16.1%€157k▲ 29.0%€98k▼ 37.7%€141k▲ 43.7%
Equity€773k▲ 23.1%€809k▲ 4.6%€966k▲ 19.4%€1.06M▲ 10.1%€1.20M▲ 13.2%
Total assets€1.09M▲ 18.0%€1.07M▼ 2.1%€1.12M▲ 4.5%€1.29M▲ 15.7%€1.32M▲ 1.7%
Debt€321k▲ 7.1%€262k▼ 18.2%€153k▼ 41.6%€231k▲ 50.7%€112k▼ 51.4%
Working capital€657k▲ 29.6%€650k▼ 1.1%€759k▲ 16.8%€895k▲ 17.9%€1.07M▲ 19.7%
Staff (FTE)2=2.1▲ 5.0%2.4▲ 14.3%2.4=2.4=
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 recovers in 2024; 2024 is 33% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.32M
Fixed assets
€134k ▼ 27.6%
Current assets
€1.18M ▲ 6.6%
Equity and liabilities €1.32M
Equity
€1.20M ▲ 13.2%
Debt
€112k ▼ 51.4%
Debt's share of the balance-sheet total falls from 17.8% to 8.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€223k▲
2023 · €217k
Cash flow
€179k▲
2023 · €175k
Current ratio
10.64▲
2023 · 5.18
Quick ratio
10.58▲
2023 · 5.15
Debt to equity
0.09▼
2023 · 0.22
ROE
11.7%▲
2023 · 9.2%
ROA
10.7%▲
2023 · 7.6%
Interest coverage
85.96▼
2023 · 370.84
Debt ≤ 1 year
€111k▼
2023 · €214k
Debt > 1 year
€1k▼
2023 · €7k
Income taxes
€64k▲
2023 · €53k
Staff costs
€119k▲
2023 · €113k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €19k | - | - |
| Remuneration, social security and pensions62 | - | €93k | €92k | €113k | €119k | ▲ 6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €55k | €57k | €58k | €77k | €38k | ▼ 50.2% |
| Other operating charges640/8 | - | €6k | €6k | €7k | €6k | ▼ 7.3% |
| Non-recurring operating charges66A | - | - | - | - | €9k | - |
| Gross operating margin9900 | €366k | €343k | €412k | €336k | €358k | ▲ 6.6% |
| Operating profit (loss)9901 | €227k | €187k | €255k | €140k | €185k | ▲ 32.6% |
| Financial income75/76B | - | €2k | €3k | €12k | €22k | ▲ 88.2% |
| Recurring financial income75 | €2k | €2k | €3k | €12k | €22k | ▲ 88.2% |
| Financial charges65/66B | - | €2k | €12k | €584 | €3k | ▲ 345% |
| Recurring financial charges65 | €2k | €2k | €12k | €584 | €3k | ▲ 345% |
| Profit (loss) for the period before taxes9903 | €227k | €186k | €246k | €151k | €205k | ▲ 35.7% |
| Income taxes67/77 | €82k | €64k | €89k | €53k | €64k | ▲ 20.9% |
| Profit (loss) for the period9904 | €145k | €122k | €157k | €98k | €141k | ▲ 43.7% |
| Profit (loss) for the period to be appropriated9905 | €145k | €122k | €157k | €98k | €141k | ▲ 43.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.09M | €1.07M | €1.12M | €1.29M | €1.32M | ▲ 1.7% |
| Fixed assets21/28 | €184k | €179k | €219k | €186k | €134k | ▼ 27.6% |
| Tangible fixed assets22/27 | €184k | €179k | €219k | €186k | €134k | ▼ 27.6% |
| Land and buildings22 | - | €2k | €2k | €2k | €2k | ▼ 8.3% |
| Plant, machinery and equipment23 | - | €99k | €87k | €74k | €61k | ▼ 16.9% |
| Furniture and vehicles24 | - | €78k | €130k | €110k | €71k | ▼ 35.1% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €910k | €892k | €900k | €1.11M | €1.18M | ▲ 6.6% |
| Stocks and contracts in progress3 | €7k | €6k | €7k | €6k | €7k | ▲ 2.5% |
| Stocks30/36 | - | €6k | €7k | €6k | €7k | ▲ 2.5% |
| Amounts receivable within one year40/41 | €128k | €97k | €111k | €153k | €195k | ▲ 27.7% |
| Trade receivables40 | - | €76k | €84k | €120k | €166k | ▲ 38.3% |
| Other amounts receivable41 | - | €21k | €26k | €33k | €30k | ▼ 10.4% |
| Current investments50/53 | - | €25k | €61k | €400k | €419k | ▲ 4.9% |
| Cash at bank and in hand54/58 | €769k | €765k | €709k | €534k | €548k | ▲ 2.6% |
| Deferred charges and accrued income490/1 | - | - | €12k | €16k | €13k | ▼ 16.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.09M | €1.07M | €1.12M | €1.29M | €1.32M | ▲ 1.7% |
| Equity10/15 | €773k | €809k | €966k | €1.06M | €1.20M | ▲ 13.2% |
| Contributions10/11 | - | €20k | €20k | €20k | €20k | = |
| Outside capital11 | - | €20k | €20k | €20k | €20k | = |
| Other1109/19 | - | €20k | €20k | €20k | €20k | = |
| Reserves13 | €753k | €789k | €946k | €1.04M | €1.18M | ▲ 13.5% |
| Non-distributable reserves130/1 | - | €717k | €874k | €966k | €1.11M | ▲ 14.6% |
| Reserves not available under the articles1311 | - | €717k | €874k | €966k | €1.11M | ▲ 14.6% |
| Distributable reserves133 | - | €71k | €71k | €78k | €78k | = |
| Amounts payable17/49 | €321k | €262k | €153k | €231k | €112k | ▼ 51.4% |
| Amounts payable after more than one year17 | €68k | €20k | €12k | €7k | €1k | ▼ 84.6% |
| Financial debts170/4 | - | €20k | €12k | €7k | €1k | ▼ 84.6% |
| Amounts payable within one year42/48 | €253k | €242k | €141k | €214k | €111k | ▼ 48.1% |
| Current portion of amounts payable after more than one year42 | - | €47k | €26k | €6k | €6k | = |
| Financial debts43 | - | - | - | €77k | - | - |
| Credit institutions430/8 | - | - | - | €77k | - | - |
| Trade debts44 | €58k | €76k | €38k | €72k | €75k | ▲ 4.1% |
| Suppliers440/4 | - | €76k | €38k | €72k | €75k | ▲ 4.1% |
| Taxes, remuneration and social security45 | - | €118k | €73k | €59k | €29k | ▼ 49.9% |
| Taxes450/3 | - | €103k | €55k | €44k | €14k | ▼ 67.8% |
| Remuneration and social security454/9 | - | €14k | €18k | €15k | €15k | ▲ 2.6% |
| Other amounts payable47/48 | - | €733 | €4k | €2k | €1k | ▼ 2.6% |
| Accrued charges and deferred income492/3 | - | - | - | €10k | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €145k | €122k | €157k | €98k | €141k | ▲ 43.7% |
| + Depreciation and write-downs630 | €55k | €57k | €58k | €77k | €38k | ▼ 50.2% |
| Operating cash flow (approximation) | €201k | €179k | €215k | €175k | €179k | ▲ 2.4% |
| Investment in fixed assets (approximation) | - | €-53k | €-98k | €-44k | €13k | ▲ 130% |
| Change in cash | - | €-4k | €-56k | €-175k | €14k | ▲ 108% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity doublescurrent ratio 10.64
Current ratio from 5.18 to 10.64; short-term debt falls from €214k to €111k.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €98k ▼37.7%
Net result drops to €98k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €1MEq €1.06M ▲10.1%
6 profitable years in a row build equity to €1.06M.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €157k ▲29%
Operating result €255k, net result €157k, both a record.
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
06-07
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 5 acts read
About the unread acts
We know of 5 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
5 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, Genk · 1 establishment unit since 2008
Ground area
3,777 m²
Building footprint
1,779 m²
Parcel 71302A0032/00N036, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
SECUMATIC
since 20082.168.665.127
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71302A0032/00N036 | Flanders | 3,777 m² | 1 · 1,779 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 to 2025 · 4 entries · 14,693 EUR awarded · 14,693 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,807 EUR | 2,807 EUR |
| 2024 | 1 | 2,986 EUR | 2,986 EUR |
| 2023 | 1 | 4,647 EUR | 4,647 EUR |
| 2022 | 1 | 4,253 EUR | 4,253 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
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Of 20,028 companies in sector 43320 we hold annual accounts for 9,133. 3,944 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
Founded12-02-2008
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
43212Electrical installation work in industrial facilities
Scores and ratios are computed by Checked and are not a credit decision.