ACTIVE

SECO BELGIUM

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Financial year 2025 · closed on 31/12/2025
Net result
2,4 M €
-15.4% YoY
Revenue
38,2 M €
+6.4% YoY
Equity
2,7 M €
0.0% YoY
Workforce
203,3 ETP
+4.4% YoY

What does SECO BELGIUM do?

SECO BELGIUM is a Public limited company incorporated in 2017. Its main activity is: Public relations and communication activities. Its registered office is in Bruxelles. It employs on average 203,3 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0680.633.657
Incorporation
01/09/2017
Legal form
Public limited company
Registered office
Rue des Colonies 56 box 10
1000 Bruxelles · BruxellesSee on map
Contributed capital
2 462 439,72 €
Latest accounts
31/12/2025
Average workforce
203,3 ETP
Activities (NACE)
70210Public relations and communication activities· main71209Technical testing and analysis71209Technical testing and analysis73300Advertising and market research70200Management consultancy activities70220Business and other management consultancy activities+4
Joint committees (2)
  • 100
  • 200
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 7 financial years

2025202420232022202120202019
Income statement
Revenue38,2 M €35,9 M €33,1 M €29,6 M €28,2 M €25,2 M €26,8 M €
EBITDA4,2 M €4,7 M €3,2 M €4,3 M €2,7 M €2,8 M €2,6 M €
Operating result3,9 M €4,3 M €3 M €4 M €2,3 M €2,1 M €2 M €
Net result2,4 M €2,8 M €2 M €3,1 M €1,2 M €1,2 M €862,8 k €
Balance sheet
Equity2,7 M €2,7 M €2,7 M €2,7 M €2,7 M €2,6 M €3,4 M €
Total assets19,4 M €19,1 M €19,2 M €20,5 M €20,1 M €20,9 M €22,9 M €
Cash4,3 M €5,7 M €5,7 M €5,1 M €4,8 M €5,7 M €3,5 M €
Debts15,9 M €15,6 M €16 M €17,5 M €16,4 M €17,9 M €19,2 M €
Other
Workforce203,3 ETP194,7 ETP189,7 ETP187,7 ETP187,4 ETP180,6 ETP179,3 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 20 ended

Active mandates

B.H. GROUP

Director · since 05 juin 2025 · until 04 juin 2029 · 0883.343.465

Represented by Bernard Heiderscheidt

Active
KYOKAN

Director · since 05 juin 2025 · until 04 juin 2029 · 0770.813.468

Represented by Jan Van Steirteghem

Active
FFLOW

Director · since 05 décembre 2024 · until 04 décembre 2028 · 1011.882.224

Represented by Frederik Foncke

Active
Asa Decorte

Director · since 07 décembre 2023 · until 03 juin 2027

Active
Lo-Consult

Director · since 07 juin 2023 · until 03 juin 2027 · 0669.520.625

Represented by Jan Folens

Active
LSQUARE ARCHITECTURE

Director · since 07 juin 2023 · until 03 juin 2027 · 0899.477.337

Represented by Renaud Chevalier

Active

Ended mandates

FFLOW

Director · since 05 décembre 2024 · until 30 juin 2028 · 1011.882.224

Represented by Frederik Foncke

Ended
Jan Folens

Director · since 13 juin 2022 · until 07 juin 2023

Ended
Jan Folens

Director · since 13 juin 2022 · until 04 juin 2026

Ended
B.H. GROUP

Director · since 03 juin 2021 · until 05 juin 2025 · 0883.343.465

Represented by Bernard Heiderscheidt

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date15/06/202624/06/202517/06/202405/07/202305/07/202228/07/2021
General meeting04/06/202605/06/202506/06/202407/06/202313/06/202203/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

9 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202504/06/202615/06/2026FrenchPDF
Full model31/12/202405/06/202524/06/2025FrenchPDF
Full model31/12/202306/06/202417/06/2024FrenchPDF
Full model31/12/202207/06/202305/07/2023FrenchPDF
Full model31/12/202113/06/202205/07/2022FrenchPDF
Full model31/12/202003/06/202128/07/2021FrenchPDF
Full model31/12/201904/06/202030/06/2020FrenchPDF
Full model31/12/201806/06/201912/07/2019FrenchPDF
Full model31/12/201707/06/201821/06/2018FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 6 active · 20 ended

Active mandates

B.H. GROUP

Director · since 05 juin 2025 · until 04 juin 2029 · 0883.343.465

Represented by Bernard Heiderscheidt

Active
KYOKAN

Director · since 05 juin 2025 · until 04 juin 2029 · 0770.813.468

Represented by Jan Van Steirteghem

Active
FFLOW

Director · since 05 décembre 2024 · until 04 décembre 2028 · 1011.882.224

Represented by Frederik Foncke

Active
Asa Decorte

Director · since 07 décembre 2023 · until 03 juin 2027

Active
Lo-Consult

Director · since 07 juin 2023 · until 03 juin 2027 · 0669.520.625

Represented by Jan Folens

Active
LSQUARE ARCHITECTURE

Director · since 07 juin 2023 · until 03 juin 2027 · 0899.477.337

Represented by Renaud Chevalier

Active

Ended mandates

FFLOW

Director · since 05 décembre 2024 · until 30 juin 2028 · 1011.882.224

Represented by Frederik Foncke

Ended
Jan Folens

Director · since 13 juin 2022 · until 07 juin 2023

Ended
Jan Folens

Director · since 13 juin 2022 · until 04 juin 2026

Ended
B.H. GROUP

Director · since 03 juin 2021 · until 05 juin 2025 · 0883.343.465

Represented by Bernard Heiderscheidt

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates11/02/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates11/02/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other09/10/2025
    DIVERS
    PDF
  • Registered office09/10/2025
    MAATSCHAPPELIJKE ZETEL - DIVERSEN
    PDF
  • Other28/08/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates22/08/2025
    SIEGE SOCIAL - OBJET - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates04/08/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates04/08/2025
    ONTSLAGEN - BENOEMINGEN
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 20252,4 M €↓
  2. 2024
    Annual accounts 20242,8 M €↑
  3. 2023
    Annual accounts 20232 M €↓
  4. 2022
    Annual accounts 20223,1 M €↑
  5. 2021
    Annual accounts 20211,2 M €↓
  6. 2020
    Annual accounts 20201,2 M €↑
  7. 2019
    Annual accounts 2019862,8 k €
  8. 01/09/2017
    IncorporationPublic limited company