42secure
ActiveSummary
42secure has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€18,950) and a net result of €21,536. Equity is growing by ~200.9% per year across the filed fiscal years. Its solvency ranks better than 9% of 17179 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▼-28
Solvency23▲+11
Growth78=
Track record94
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 2.95 against 0.55 in 2024; short-term debt: 27.3% and cash: 38.7% of total assets), but equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-2.3%
Return on assets
2.7%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 17179 sector peers (2025).
NBB · sector comparisonPosition among 17179 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
2 d late
2024
131 d early
2023
6 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 45 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money How does this company compare with its sector?Sector benchmark
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
In the rankings
#6 company by total assets in Lier, Telecoms and IT sector
Equity
-€18,950▲ 53.2%
2024 · -€40,486
Total assets
€810,512▲ 160%
2024 · €312,192
Net result
€21,536▼ 84.7%
2024 · €141,122
Working capital
€432,397
2024 · -€124,447
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result-€185,532-€153,415€28,869▼ 81.2%
Net result-€191,607below the sector's middle half-€141,122above the sector's middle half€21,536within the sector's middle half▼ 84.7%
Equity-€181,607below the sector's middle half--€40,486below the sector's middle half▲ 77.7%-€18,950below the sector's middle half▲ 53.2%
Total assets€126,915within the sector's middle half-€312,192above the sector's middle half▲ 146%€810,512above the sector's middle half▲ 160%
Debt€308,522-€352,678▲ 14.3%€829,462▲ 135%
Working capital-€114,480--€124,447▼ 8.7%€432,397
Solvency-143.1%below the sector's middle half--13.0%below the sector's middle half▲ 130.1pp-2.3%below the sector's middle half▲ 10.6pp
Staff (FTE)2.4-5▲ 108%7.2▲ 44.0%
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 81% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €810,512
Fixed assets
€156,500 ▼ 2.0%
Current assets
€654,012 ▲ 329%
Key figures and ratios
EBITDA
€68,731▼
2024 · €158,742
Cash flow
€61,398▼
2024 · €146,448
Current ratio
2.95▲
2024 · 0.55
Debt to equity
-43.77▼
2024 · -8.71
ROA
2.7%▼
2024 · 45.2%
Interest coverage
9.40▼
2024 · 13.25
Debt ≤ 1 year
€221,615▼
2024 · €276,881
Debt > 1 year
€175,000▲
2024 · €75,000
Income taxes
€565▼
2024 · €579
Staff costs
€437,868▲
2024 · €313,838
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 516 companies that looked in July 2024 the way this one looks now, 3.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a profit under 5% of the balance sheet
3.7%
went bankrupt
2.3%
stopped otherwise
92%
still going
A further 2.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 516 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €238,790 | €313,838 | €437,868 | ▲ 39.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,629 | €5,327 | €39,862 | ▲ 648% |
| Other operating charges640/8 | €5,358 | €929 | €1,830 | ▲ 97.1% |
| Gross operating margin9900 | €62,246 | €473,508 | €508,430 | ▲ 7.4% |
| Operating profit (loss)9901 | -€185,532 | €153,415 | €28,869 | ▼ 81.2% |
| Financial income75/76B | €688 | €270 | €543 | ▲ 101% |
| Recurring financial income75 | €688 | €270 | €543 | ▲ 101% |
| Financial charges65/66B | €5,935 | €11,985 | €7,311 | ▼ 39.0% |
| Recurring financial charges65 | €5,935 | €11,985 | €7,311 | ▼ 39.0% |
| Profit (loss) for the period before taxes9903 | -€190,779 | €141,700 | €22,100 | ▼ 84.4% |
| Income taxes67/77 | €828 | €579 | €565 | ▼ 2.5% |
| Profit (loss) for the period9904 | -€191,607 | €141,122 | €21,536 | ▼ 84.7% |
| Profit (loss) for the period to be appropriated9905 | -€191,607 | €141,122 | €21,536 | ▼ 84.7% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €126,915 | €312,192 | €810,512 | ▲ 160% |
| Fixed assets21/28 | €8,670 | €159,758 | €156,500 | ▼ 2.0% |
| Intangible fixed assets21 | - | €147,487 | €139,994 | ▼ 5.1% |
| Tangible fixed assets22/27 | €8,670 | €12,271 | €16,506 | ▲ 34.5% |
| Plant, machinery and equipment23 | €8,670 | €12,271 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | €16,506 | - |
| Current assets29/58 | €118,245 | €152,434 | €654,012 | ▲ 329% |
| Amounts receivable within one year40/41 | €37,728 | €103,266 | €126,291 | ▲ 22.3% |
| Trade receivables40 | €37,728 | €103,266 | €123,255 | ▲ 19.4% |
| Other amounts receivable41 | - | - | €3,036 | - |
| Current investments50/53 | - | - | €200,000 | - |
| Cash at bank and in hand54/58 | €80,179 | €48,341 | €314,029 | ▲ 550% |
| Deferred charges and accrued income490/1 | €338 | €827 | €13,692 | ▲ 1,555% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €126,915 | €312,192 | €810,512 | ▲ 160% |
| Equity10/15 | -€181,607 | -€40,486 | -€18,950 | ▲ 53.2% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | -€191,607 | -€50,486 | -€28,950 | ▲ 42.7% |
| Amounts payable17/49 | €308,522 | €352,678 | €829,462 | ▲ 135% |
| Amounts payable after more than one year17 | €75,000 | €75,000 | €175,000 | ▲ 133% |
| Financial debts170/4 | €75,000 | €75,000 | €175,000 | ▲ 133% |
| Amounts payable within one year42/48 | €232,725 | €276,881 | €221,615 | ▼ 20.0% |
| Financial debts43 | €150,130 | €152,686 | €3,264 | ▼ 97.9% |
| Credit institutions430/8 | €150,130 | €152,686 | €3,264 | ▼ 97.9% |
| Trade debts44 | €19,635 | €59,579 | €42,210 | ▼ 29.2% |
| Suppliers440/4 | €19,635 | €59,579 | €42,210 | ▼ 29.2% |
| Taxes, remuneration and social security45 | €42,991 | €44,827 | €145,557 | ▲ 225% |
| Taxes450/3 | €11,504 | €8,694 | €44,699 | ▲ 414% |
| Remuneration and social security454/9 | €31,487 | €36,133 | €100,858 | ▲ 179% |
| Other amounts payable47/48 | €19,968 | €19,789 | €30,584 | ▲ 54.5% |
| Accrued charges and deferred income492/3 | €797 | €797 | €432,847 | ▲ 54,218% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€191,607 | €141,122 | €21,536 | ▼ 84.7% |
| + Depreciation and write-downs630 | €3,629 | €5,327 | €39,862 | ▲ 648% |
| Operating cash flow (approximation) | -€187,978 | €146,448 | €61,398 | ▼ 58.1% |
| Investment in fixed assets (approximation) | - | -€156,415 | -€36,604 | ▲ 76.6% |
| Change in cash | - | -€31,839 | €265,688 | ▲ 934% |
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
Next filing, fiscal year 2026, expected by
2026
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 2 days late
2025
30-06
Financial
Liquidity times 5current ratio 2.95
Current ratio from 0.55 to 2.95; short-term debt falls from €276,881 to €221,615.
2024
22-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Back to profitnet €141,122
Net result €141,122 after one loss-making year.
25-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Lier · 1 establishment unit since 2021
Ground area
1,064 m²
Building footprint
222 m²
Volume, LiDAR
1,310 m³
Parcel 12393F0689/00H002, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Refracted Security
since 20212.323.084.375
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12393F0689/00H002 | Flanders | 1,064 m² | 1 · 222 m² | 8.2 m · 2 fl. |
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
2023 to 2025 · 2 entries · 6,034 EUR awarded · 6,034 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 3,266 EUR | 3,266 EUR |
| 2023 | 1 | 2,768 EUR | 2,768 EUR |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 30,007 companies in sector 62200 we hold annual accounts for 18,400. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-10-2021
Fiscal year end30-06
Abbreviation NL
42s
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
62100Computer programming
Contact
Website
www.42secure.com
E-mail
info@42secure.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0775918638
Also
9925:BE0775918638
Registered
04-11-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.