Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 11 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
17 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
SECO BELGIUM ASBL from Machelen (Brab.), company number BE0758726674, closed financial year 2025 with a result of € -954,092 after tax. For that financial year SECO BELGIUM ASBL recorded a gross margin of € 570,854 and equity of € -3.6 million. Compared with financial year 2024, the result moved from € -1.6 million to € -954,092. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 25, 2026.
€ -3.6 million
▼ € 954,092 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -954,092
▲ 39 % less loss than in 2024
Profit after tax over the fiscal year.
€ 125,791
▼ 11% vs 2024
Cash and bank balances on the last day of the fiscal year.
People and assets in 2025
13.9
▼ 4.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.2 million
▼ 21% vs 2024
€ 89,200 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 241,753
▼ 66% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 192,250
▼ 28% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -47,854 | € 223,510 | € 125,557 | € 570,854 | ▲ € 445,297 |
| Profit after taxes | € -338,230 | € -653,938 | € -1,565,172 | € -954,092 | ▲ € 611,080 |
| Equity | € -461,328 | € -1,115,266 | € -2,680,438 | € -3,634,529 | ▼ € 954,092 |
| Total debts | € 565,295 | € 1,656,681 | € 3,273,847 | € 4,136,797 | ▲ 26% |
| Cash | € 46,676 | € 70,903 | € 140,851 | € 125,791 | ▼ 11% |
| Retained profit | € -461,328 | € -1,115,266 | € -2,680,438 | € -3,634,529 | ▼ € 954,092 |
| Bank debt | € 450,000 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 103,968 | € 541,415 | € 593,409 | € 502,268 | ▼ 15% |
| Employees (FTE) | 2.6 | 9.8 | 18.4 | 13.9 | ▼ 4.5 |
Key figures of SECO BELGIUM ASBL, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to SECO BELGIUM ASBL?
What happened at SECO BELGIUM ASBL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- B.H. GROUP SA stepped down as director. NBB
- FFlow CommV stepped down as director. NBB
- Olivier DELBROUCK stepped down as director. NBB
- Blouberg BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 954,092. Source: NBB ↗
- FFlow CommV became a director. NBB
- B.H. GROUP SA became a director. NBB
- Olivier DELBROUCK became a director. NBB
In short
From € 338,230 loss in 2022 to € 954,092 loss in 2025.
Paid € 9,415 in corporate taxes since 2022.
On average € 41,100 of value added per employee in 2025.
Management
Directors
According to the 2025 annual accounts
Director · represented by Bernard HEIDERSCHEIDT
Also active at: J. Van Hemelen, Keuringsorganisme - J. Van Hemelen Organisme de Contrôle, DOKO, Belgian Construction Certification Association, HIDES CONSULT, SECO MANCO, IMMO SECO, SECO GROUP, SECO BELGIUM +1 more
since 2024 · until 2028
Director · represented by Geert MERTENS
Also active at: J. Van Hemelen, Keuringsorganisme - J. Van Hemelen Organisme de Contrôle, DOKO, HIDES CONSULT, SUSTAINABLE DEVELOPMENT HOLDING, SOLID WOOD
since 2023 · until 2027
Director · represented by Frederik FONCKE
Also active at: J. Van Hemelen, Keuringsorganisme - J. Van Hemelen Organisme de Contrôle, DOKO, Belgian Construction Certification Association, HIDES CONSULT, SECO GROUP, SECO BELGIUM, SECO SURVEY
since 2025 · until 2028
Olivier DELBROUCK
Director
Also active at: OCAB, J. Van Hemelen, Keuringsorganisme - J. Van Hemelen Organisme de Contrôle, Belgian Construction Certification Association
since 2024 · until 2028
Establishments
Establishment units
Physical locations of this company
Hermeslaan 9
1831 Machelen (Brab.)
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 17 companies are registered at this address.
All companies at this address →CAPGEMINI BELGIUM
€ 346.7 million revenue · 2025
SAP BELGIUM - SYSTEMS APPLICATIONS AND PRODUCTS
€ 536 million revenue · 2025
Belgian Construction Certification Association same network
€ 15.3 million revenue · 2025
REMY COINTREAU BELGIUM
€ 21.7 million revenue · 2026
RES Certification
+12 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0758.726.674
- VAT number
- BE 0758.726.674
- Registered office
- Hermeslaan 9, 1831 Machelen (Brab.)
- Names & denominations
- SECO BELGIUM ASBL · SECO BELGIUM VZW
- Enterprise type
- Rechtspersoon
- Legal form
- Non-profit association
- Legal situation
- Normale toestand
- Start date
- 24 November 2020
- Peppol
- Active · Active since 17 Oct 2025
- Activities · NACE
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