ACTIVE

SecureICS

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Financial year 2025 · closed on 31/12/2025

Net result

36,9 k €

+89.2% YoY

Gross margin

60,2 k €

-43.9% YoY

Equity

180,2 k €

+25.1% YoY

What does SecureICS do?

SecureICS is a Private limited company incorporated in 2008. Its registered office is in Wetteren.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0895.414.720

Incorporation

01/02/2008

Legal form

Private limited company

Registered office

Sportstraat 22
9230 Wetteren · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	60,2 k €	-43.9%	107,3 k €	-14.6%	125,6 k €	+61.3%	77,9 k €	+22.3%	63,7 k €	-53.5%	136,9 k €	+0.3%	136,5 k €	+26.5%	107,9 k €	+91.9%	56,2 k €	+239%	16,6 k €	-50.7%	33,6 k €	+4.9%	32 k €	-4.1%	33,4 k €	-4.2%	34,9 k €	+62.5%	21,5 k €	+10.9%	19,4 k €	+0.7%	19,2 k €
EBITDA	58,8 k €	+54.4%	38,1 k €	-39.9%	63,4 k €	+182%	22,5 k €	+130%	9,8 k €	-42.6%	17 k €	-58.4%	41 k €	-2.5%	42,1 k €	+1.3%	41,5 k €	+156%	16,2 k €	-49.9%	32,4 k €	+34.1%	24,2 k €	-9.3%	26,7 k €	-20.8%	33,7 k €	+66.0%	20,3 k €	+22.6%	16,5 k €	+17.1%	14,1 k €
Operating result	52,9 k €	+80.9%	29,2 k €	-46.9%	55 k €	+217%	17,4 k €	+191%	6 k €	-58.5%	14,4 k €	-59.7%	35,7 k €	+5.7%	33,8 k €	+5.3%	32,1 k €	+1624%	-2,1 k €	-113%	15,6 k €	+140%	6,5 k €	+37.9%	4,7 k €	-82.4%	26,8 k €	+112%	12,6 k €	+106%	6,1 k €	+33.5%	4,6 k €
Net result	36,9 k €	+89.2%	19,5 k €	-43.5%	34,6 k €	+311%	8,4 k €	+179%	3 k €	-72.0%	10,8 k €	-59.5%	26,6 k €	+28.4%	20,7 k €	+61.2%	12,9 k €	+196%	-13,3 k €	-329%	5,8 k €	+530%	-1,4 k €	+55.2%	-3 k €	-118%	16,4 k €	+114%	7,7 k €	+417%	1,5 k €	+115%	687,9 €
Balance sheet
Equity	180,2 k €	+25.1%	144,1 k €	+6.4%	135,4 k €	+7.7%	125,7 k €	+6.4%	118,1 k €	+15.4%	102,3 k €	+10.8%	92,4 k €	+38.8%	66,5 k €	+45.2%	45,8 k €	+39.0%	33 k €	-28.8%	46,3 k €	+14.4%	40,5 k €	-3.2%	41,8 k €	-5.9%	44,5 k €	+58.6%	28 k €	+37.6%	20,4 k €	+7.8%	18,9 k €
Total assets	207,1 k €	+0.7%	205,7 k €	+7.6%	191,2 k €	+6.8%	179 k €	-0.9%	180,7 k €	+41.3%	127,9 k €	+1.3%	126,3 k €	+47.4%	85,7 k €	-5.0%	90,1 k €	-14.9%	105,9 k €	+7.8%	98,2 k €	-11.4%	110,9 k €	-14.8%	130,2 k €	+79.3%	72,6 k €	+14.0%	63,7 k €	+29.6%	49,1 k €	-12.0%	55,8 k €
Cash	25,9 k €	+736%	3,1 k €	-74.4%	12,1 k €	+2.6%	11,8 k €	-6.6%	12,6 k €	+1947%	616 €	-75.1%	2,5 k €	-74.9%	9,8 k €	-3.2%	10,2 k €	+100%	5,1 k €		–		–		7 k €		–		–		47,7 €	-99.4%	8,5 k €
Debts	26,9 k €	-56.3%	61,6 k €	+10.4%	55,8 k €	+4.8%	53,3 k €	-14.9%	62,6 k €	+145%	25,5 k €	-24.7%	33,9 k €	+77.2%	19,1 k €	-52.6%	40,4 k €	-44.6%	72,9 k €	+40.4%	51,9 k €	-26.2%	70,4 k €	-20.3%	88,3 k €	+214%	28,1 k €	-21.1%	35,6 k €	+24.0%	28,7 k €	-22.1%	36,9 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 7 ended

Active mandates

An Maes

Director

Active

Sam Van Hauwaert

Manager

Active

Ended mandates

An Maes

Administrator - manager · since 04 janvier 2016

Ended

An Maes

Manager

Ended

AN MAES

Administrator - manager

Ended

An Maes (2042)

Administrator - manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/07/2026	14/07/2025	26/06/2024	27/06/2023	23/08/2022	27/08/2021
General meeting	05/06/2026	06/06/2025	07/06/2024	02/06/2023	03/06/2022	04/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	05/06/2026	31/07/2026	Dutch	PDF
Micro model	31/12/2024	06/06/2025	14/07/2025	Dutch	PDF
Micro model	31/12/2023	07/06/2024	26/06/2024	Dutch	PDF
Micro model	31/12/2022	02/06/2023	27/06/2023	Dutch	PDF
Micro model	31/12/2021	03/06/2022	23/08/2022	Dutch	PDF
Micro model	31/12/2020	04/06/2021	27/08/2021	Dutch	PDF
Micro model	31/12/2019	05/06/2020	24/06/2020	Dutch	PDF
Micro model	31/12/2018	07/06/2019	30/08/2019	Dutch	PDF
Micro modelCorrection	31/12/2017	01/06/2018	10/09/2018	Dutch	PDF
Micro model	31/12/2017	01/06/2018	31/08/2018	Dutch	PDF
Micro model	31/12/2016	02/06/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	03/06/2016	24/11/2016	Dutch	PDF
Abridged model	31/12/2014	05/06/2015	13/05/2016	French	PDF
Abridged model	31/12/2013	06/06/2014	27/02/2015	French	PDF
Abridged model	31/12/2012	07/06/2013	15/11/2013	French	PDF
Abridged model	31/12/2011	01/06/2012	21/09/2012	French	PDF
Abridged model	31/12/2010	03/06/2011	28/08/2011	French	PDF
Abridged model	31/12/2009	04/06/2010	23/08/2010	French	PDF
Abridged model	31/12/2008	05/06/2009	26/08/2009	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 · 2 active · 7 ended

Active mandates

An Maes

Director

Active

Sam Van Hauwaert

Manager

Active

Ended mandates

An Maes

Administrator - manager · since 04 janvier 2016

Ended

An Maes

Manager

Ended

AN MAES

Administrator - manager

Ended

An Maes (2042)

Administrator - manager

Ended

Shareholders

Ownership and network

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Competition

Similar companies

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

See the Business plan

2025
Annual accounts 202536,9 k €↑
2024
Annual accounts 202419,5 k €↓
2024
Name changeSecureICS
2023
Annual accounts 202334,6 k €↑
2022
Annual accounts 20228,4 k €↑
2021
Annual accounts 20213 k €↓
2019
Annual accounts 201910,8 k €↓
2018
Annual accounts 201826,6 k €↑
2017
Annual accounts 201720,7 k €↑
2016
Annual accounts 201612,9 k €↑
2015
Annual accounts 2015-13,3 k €↓
2014
Annual accounts 20145,8 k €↑
2013
Annual accounts 2013-1,4 k €↑
2012
Annual accounts 2012-3 k €↓
2011
Annual accounts 201116,4 k €↑
2010
Annual accounts 20107,7 k €↑
2009
Annual accounts 20091,5 k €↑
2008
Annual accounts 2008687,9 €
01/02/2008
IncorporationPrivate limited company
2008
Name changeHDO GROUP

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

SecureICS

Overview

What does SecureICS do?

Trend over 17 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline