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APPLIANCE SECURITECH

Active
Private limited company (pre-2019)founded 198838 yrs activeEverardlaan 12, 1190 Vorst, BelgiumKBO/BCE: BE 0433.758.561
Summary

The annual accounts of APPLIANCE SECURITECH for fiscal year 2025 show a net loss of 311% of total assets and of 77% of the equity at the start of that year. The 2025 annual accounts show equity of €4,845 and a net result of -€16,440. Equity is shrinking by ~4.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 2401 sector peers (fiscal year 2025). The company has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.7% (low).

Risk analysisWatch ReportCompare
APPLIANCE SECURITECHActiveChecked score 55/100
Risk analysis ReportCompare

Overview

Activity
General electrical installation work
NACE 43211NACE 45310
1 site
Size
€5,283total assets 2025
Equity
€4,845
Loss
-€16,440
Financial health
55 Fair Checked score 2025
Bankruptcy chance 12 m
0.7%
Structure
Board
1 member
Accounts 8 d early
Why 55Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year- Loss of €16,440, the second in a row (FY 2025)- 1 change of registered office in 24 months- Sector Specialised construction activities (NACE 43)+ Liquidity: current ratio 12.07, cash €2,374, halvedShow the evidence

Checked score

Score 2025
55 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 49% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 100=
equity 91.7% of total assets
Liquidity 100=
short-term debt 8.3% · cash 44.9%
Profitability 0-8
return on assets -311.2%
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%

About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,515 companies)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● 0.0% vs 11-2024 01-2025: 0.2%▼ -1.7% vs 12-2024 02-2025: 0.2%● 0.0% vs 01-2025 03-2025: 0.2%● 0.0% vs 02-2025 04-2025: 0.2%▼ -1.7% vs 03-2025lowest value 05-2025: 0.2%▲ +5.2% vs 04-2025 06-2025: 0.2%▼ -2.5% vs 05-2025 07-2025: 0.2%▲ +3.8% vs 06-2025 08-2025: 0.3%▲ +35.2% vs 07-2025 09-2025: 0.3%▼ -14.7% vs 08-2025 10-2025: 0.3%● 0.0% vs 09-2025 11-2025: 0.3%● 0.0% vs 10-2025 12-2025: 0.3%● 0.0% vs 11-2025 01-2026: 0.3%▼ -1.4% vs 12-2025 02-2026: 0.3%● 0.0% vs 01-2026 03-2026: 0.3%▲ +0.7% vs 02-2026 04-2026: 0.3%▼ -1.8% vs 03-2026 05-2026: 0.3%▲ +1.4% vs 04-2026 06-2026: 0.3%▼ -2.5% vs 05-2026 07-2026: 0.7%▲ +149% vs 06-2026highest value 08-2026: 0.7%▼ -3.5% vs 07-2026 09-2026: 0.7%● 0.0% vs 08-2026 10-2026: 0.7%● 0.0% vs 09-2026
  • Loss of €16,440, the second in a row (FY 2025) raises the probability
  • 1 change of registered office in 24 months raises the probability
  • Liquidity: current ratio 12.07, cash €2,374, halved lowers the probability
  • Sector Specialised construction activities (NACE 43) raises the probability
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 12.07 against 11.77 in 2024; short-term debt: 8.3% and cash: 44.9% of total assets), and 8.3% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 90%, liquidity 98%, profitability 4%, growth against the median 5%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Loss of €16,440, the second in a row (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
In the bankruptcy model this factor raises the probability.
Belgian State Gazette
lowers risk · Liquidity: current ratio 12.07, cash €2,374, halved
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Sector Specialised construction activities (NACE 43)
In the bankruptcy model this factor raises the probability.
KBO
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€16,440
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
8 d early
2024
26 d late
2023
30 d late
2022
31 d late
2021
31 d late
2020
30 d late
2019
31 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 24 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 31 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
06-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Resignation: BRAVO LOPES EDUARDO (director)Appointment: HIDA SOUFIAN (director) ·…
  3. Weakest financial yearnet -€16,440

Key points

  • Caution: Among the weakest 9% on equitysector median €459,014 · 2,401 companies €4,845 View
  • Caution: Board changedlatest change 19-06-2026 · 1 in office 1 joined · 1 left View
  • Caution: 2 loss-making years in a rowloss fiscal year 2025 -€16,440 View

By topic

Financials

Fiscal year
2025
Total assets
€5,283
Loss
-€16,440
Solvency
91.7%
Go to Financials

Timeline

Events
15
Since
2017
Next accounts
by 31-07-2027
  1. 23-07-2026Annual accounts filed
  2. 19-06-2026Resignation: BRAVO LOPES EDUARDO (director)
  3. 31-12-2025Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Private limited company (pre-2019)
Activity
General electrical installation workNACE 43211
Founded
21-03-1988
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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