All Security
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 18-02-2026 PDF all 26 filings
Turnover
≈ €64,000
Estimated: probably between €34,000 and €250,000
Total assets
€184,706▲ 15.6%
2024 · €159,775
Net result
€4,594▼ 58.8%
2024 · €11,142
Working capital
€162,493▲ 2.9%
2024 · €157,899
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€6,118
▼ 49.4%
2025
20192025
Net result
€4,594
▼ 58.8%
2025
middle half of the sector
20192025
Equity
€163,633
▲ 2.9%
2025
middle half of the sector
20192025
Total assets
€184,706
▲ 15.6%
2025
middle half of the sector
20192025
Debt
€21,073
▲ 29×
2025
20192025
Working capital
€162,493
▲ 2.9%
2025
highest quarter of the sector
20192025
Solvency
88.6%
▼ 10.9pp
2025
highest quarter of the sector
20192025
Current ratio
8.71
2025
highest quarter of the sector
20192025
Return on assets (ROA)
2.5%
▼ 4.5pp
2025
middle half of the sector
20192025
Staff (FTE)
no figure
2025
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€1,191-€385▼ 67.7%-€6,603€1,344-€5,003€12,096€6,118▼ 49.4%
Net result€813-€916below the sector's middle half▲ 12.6%-€6,627below the sector's middle half€1,220within the sector's middle half-€5,048below the sector's middle half€11,142within the sector's middle half€4,594within the sector's middle half▼ 58.8%
Equity€157,436-€158,352within the sector's middle half▲ 0.6%€151,725within the sector's middle half▼ 4.2%€152,944within the sector's middle half▲ 0.8%€147,896within the sector's middle half▼ 3.3%€159,039within the sector's middle half▲ 7.5%€163,633within the sector's middle half▲ 2.9%
Total assets€158,576-€159,466below the sector's middle half▲ 0.6%€152,129within the sector's middle half▼ 4.6%€177,520within the sector's middle half▲ 16.7%€150,440below the sector's middle half▼ 15.3%€159,775below the sector's middle half▲ 6.2%€184,706within the sector's middle half▲ 15.6%
Debt€1,139-€1,114▼ 2.2%€404▼ 63.7%€24,576▲ 61×€2,543▼ 89.7%€736▼ 71.1%€21,073▲ 29×
Working capital€156,296-€157,819within the sector's middle half▲ 1.0%€150,585above the sector's middle half▼ 4.6%€151,804above the sector's middle half▲ 0.8%€146,756within the sector's middle half▼ 3.3%€157,899within the sector's middle half▲ 7.6%€162,493above the sector's middle half▲ 2.9%
Solvency99.3%-99.3%above the sector's middle half=99.7%above the sector's middle half▲ 0.4pp86.2%above the sector's middle half▼ 13.6pp98.3%above the sector's middle half▲ 12.2pp99.5%above the sector's middle half▲ 1.2pp88.6%above the sector's middle half▼ 10.9pp
Current ratio7.18above the sector's middle half58.71above the sector's middle half▲ 51.538.71above the sector's middle half
Return on assets (ROA)0.5%-0.6%within the sector's middle half▲ 0.1pp-4.4%below the sector's middle half▼ 4.9pp0.7%within the sector's middle half▲ 5.0pp-3.4%below the sector's middle half▼ 4.0pp7.0%within the sector's middle half▲ 10.3pp2.5%within the sector's middle half▼ 4.5pp
Staff (FTE)0below the sector's middle half
above
within
below
The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 49% lower than in 2024.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €184,706
Fixed assets
€1,140 =
Current assets
€183,566 ▲ 15.7%
Equity and liabilities €184,706
Equity
€163,633 ▲ 2.9%
Debt
€21,073 ▲ 29×
Debt's share of the balance-sheet total rises from 0.5% to 11.4%. Equity and debt are higher.
Key figures and ratios
Quick ratio
7.27
Debt to equity
0.13▲
2024 · 0.00
ROE
2.8%▼
2024 · 7.0%
Debt ≤ 1 year
€21,073▲
2024 · €736
Income taxes
€2,362▲
2024 · €784
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €410 | €410 | €1,946 | €461 | ▼ 76.3% |
| Gross operating margin9900 | €1,600 | €794 | -€6,572 | €1,754 | -€4,593 | €14,042 | €6,579 | ▼ 53.1% |
| Operating profit (loss)9901 | €1,191 | €385 | -€6,603 | €1,344 | -€5,003 | €12,096 | €6,118 | ▼ 49.4% |
| Financial income75/76B | - | - | - | - | - | €188 | €942 | ▲ 400% |
| Recurring financial income75 | €40 | €991 | - | - | - | €188 | €942 | ▲ 400% |
| Financial charges65/66B | - | - | - | €125 | €45 | €357 | €105 | ▼ 70.8% |
| Recurring financial charges65 | €41 | €37 | €24 | €125 | €45 | €357 | €105 | ▼ 70.8% |
| Profit (loss) for the period before taxes9903 | €1,189 | €1,338 | -€6,627 | €1,220 | -€5,048 | €11,927 | €6,956 | ▼ 41.7% |
| Income taxes67/77 | €375 | €423 | - | - | - | €784 | €2,362 | ▲ 201% |
| Profit (loss) for the period9904 | €813 | €916 | -€6,627 | €1,220 | -€5,048 | €11,142 | €4,594 | ▼ 58.8% |
| Profit (loss) for the period to be appropriated9905 | €813 | €916 | -€6,627 | €1,220 | -€5,048 | €11,142 | €4,594 | ▼ 58.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €158,576 | €159,466 | €152,129 | €177,520 | €150,440 | €159,775 | €184,706 | ▲ 15.6% |
| Fixed assets21/28 | €1,140 | €1,140 | €1,140 | €1,140 | €1,140 | €1,140 | €1,140 | = |
| Financial fixed assets28 | €1,140 | €1,140 | €1,140 | €1,140 | €1,140 | €1,140 | €1,140 | = |
| Current assets29/58 | €157,436 | €158,326 | €150,989 | €176,380 | €149,300 | €158,635 | €183,566 | ▲ 15.7% |
| Stocks and contracts in progress3 | - | - | - | - | - | - | €30,257 | - |
| Stocks30/36 | - | - | - | - | - | - | €30,257 | - |
| Amounts receivable within one year40/41 | €89,326 | €134,064 | €15,574 | €50,749 | €44,884 | €139,700 | €140,103 | ▲ 0.3% |
| Trade receivables40 | - | - | - | €42,595 | €41,528 | €131,594 | €139,682 | ▲ 6.1% |
| Other amounts receivable41 | - | - | - | €8,154 | €3,356 | €8,106 | €421 | ▼ 94.8% |
| Cash at bank and in hand54/58 | €67,840 | €24,262 | €135,414 | €125,093 | €104,416 | €18,935 | €12,245 | ▼ 35.3% |
| Deferred charges and accrued income490/1 | - | - | - | €538 | €0 | - | €961 | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €158,576 | €159,466 | €152,129 | €177,520 | €150,440 | €159,775 | €184,706 | ▲ 15.6% |
| Equity10/15 | €157,436 | €158,352 | €151,725 | €152,944 | €147,896 | €159,039 | €163,633 | ▲ 2.9% |
| Contributions10/11 | €74,368 | €74,368 | €74,368 | €74,368 | €74,368 | €74,368 | €74,368 | = |
| Capital10 | - | - | - | €74,368 | €74,368 | €74,368 | €74,368 | = |
| Issued capital100 | - | - | - | €74,368 | €74,368 | €74,368 | €74,368 | = |
| Reserves13 | €83,068 | €83,984 | €83,984 | €78,576 | €78,576 | €84,670 | €89,265 | ▲ 5.4% |
| Non-distributable reserves130/1 | - | - | - | €7,437 | €7,437 | €7,437 | €7,437 | = |
| Legal reserve130 | - | - | - | €7,437 | €7,437 | €7,437 | €7,437 | = |
| Distributable reserves133 | - | - | - | €71,139 | €71,139 | €77,234 | €81,828 | ▲ 5.9% |
| Profit (loss) carried forward14 | - | - | -€6,627 | €0 | -€5,048 | €0 | - | - |
| Amounts payable17/49 | €1,139 | €1,114 | €404 | €24,576 | €2,543 | €736 | €21,073 | ▲ 29× |
| Amounts payable within one year42/48 | €1,139 | €507 | €404 | €24,576 | €2,543 | €736 | €21,073 | ▲ 29× |
| Trade debts44 | €739 | €60 | €379 | €24,551 | €0 | - | €17,999 | - |
| Suppliers440/4 | - | - | - | €24,551 | €0 | - | €17,999 | - |
| Taxes, remuneration and social security45 | - | - | - | - | €2,518 | €736 | €2,333 | ▲ 217% |
| Taxes450/3 | - | - | - | - | €2,518 | €736 | €2,333 | ▲ 217% |
| Other amounts payable47/48 | - | - | - | €25 | €25 | €0 | €742 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €813 | €916 | -€6,627 | €1,220 | -€5,048 | €11,142 | €4,594 | ▼ 58.8% |
| Operating cash flow (approximation) | €813 | €916 | -€6,627 | €1,220 | -€5,048 | €11,142 | €4,594 | ▼ 58.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€43,578 | €111,152 | -€10,321 | -€20,677 | -€85,481 | -€6,690 | ▲ 92.2% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 17,041 companies had the same profile as All Security has now. Two years later, 94.3% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
94.3%
was still going
4.9%
stopped otherwise
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of All Security itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,041 companies, not a prediction for All Security. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 26 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-07-2025 | micro format | 18-02-2026 | 2026-00040121 | |
| 31-07-2024 | abbreviated format | 28-02-2025 | 2025-00041991 | |
| 31-07-2023 | abbreviated format | 06-03-2024 | 2024-00041282 | |
| 31-07-2022 | micro format | 24-03-2023 | 2023-00045535 | |
| 31-07-2021 | micro format | 25-02-2022 | 2022-06600004 | |
| 31-07-2020 | abbreviated format | 09-04-2021 | 2021-10000490 | |
| 31-07-2019 | micro format | 20-12-2019 | 2019-76900087 | |
| 31-07-2018 | abbreviated format | 30-11-2018 | 2018-73300001 | |
| 31-07-2017 | micro format | 28-11-2017 | 2017-70500262 | |
| 31-07-2016 | abbreviated format | 25-11-2016 | 2016-68500547 |