BELVISION SECURITY
ActiveSummary
BELVISION SECURITY has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13,617 and a net result of €2,067. Equity is shrinking by ~8.9% per year across the filed fiscal years. Its solvency ranks better than 44% of 28254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+14
Solvency67▼-1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 1.61 against 2.18 in 2024; short-term debt: 37.6% and cash: 49.4% of total assets), but 58.3% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
3 d early
2023
30 d early
2022
38 d early
2021
54 d early
2020
19 d early
2019
50 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 14 days before 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 2 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€13,617▼ 6.4%
2024 · €14,550
Total assets
€32,664▼ 3.0%
2024 · €33,661
Net result
€2,067
2024 · -€1,595
Working capital
€7,450▼ 31.3%
2024 · €10,844
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Line20212022202320242025
Operating result€5,579▲ 28.4%€1,657▼ 70.3%€4,177▲ 152%€28▼ 99.3%€6,022▲ 21,663%
Net result€2,454within the sector's middle half▲ 10.4%-€329below the sector's middle half€1,281within the sector's middle half-€1,595below the sector's middle half€2,067within the sector's middle half
Equity€33,294within the sector's middle half▲ 8.0%€32,965within the sector's middle half▼ 1.0%€16,145below the sector's middle half▼ 51.0%€14,550below the sector's middle half▼ 9.9%€13,617below the sector's middle half▼ 6.4%
Total assets€41,069below the sector's middle half▼ 11.6%€39,431below the sector's middle half▼ 4.0%€40,673below the sector's middle half▲ 3.1%€33,661below the sector's middle half▼ 17.2%€32,664below the sector's middle half▼ 3.0%
Debt€7,775▼ 50.3%€6,465▼ 16.8%€24,528▲ 279%€19,112▼ 22.1%€19,047▼ 0.3%
Working capital€33,049within the sector's middle half▲ 7.3%€28,481within the sector's middle half▼ 13.8%€13,049within the sector's middle half▼ 54.2%€10,844within the sector's middle half▼ 16.9%€7,450within the sector's middle half▼ 31.3%
Solvency81.1%above the sector's middle half▲ 14.7pp83.6%above the sector's middle half▲ 2.5pp39.7%within the sector's middle half▼ 43.9pp43.2%within the sector's middle half▲ 3.5pp41.7%within the sector's middle half▼ 1.5pp
Current ratio5.25above the sector's middle half▲ 2.285.41above the sector's middle half▲ 0.151.53within the sector's middle half▼ 3.872.18within the sector's middle half▲ 0.651.61within the sector's middle half▼ 0.57
Return on assets (ROA)6.0%within the sector's middle half▲ 1.2pp-0.8%below the sector's middle half▼ 6.8pp3.1%within the sector's middle half▲ 4.0pp-4.7%below the sector's middle half▼ 7.9pp6.3%within the sector's middle half▲ 11.1pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction 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 recovers in 2025; 2025 is 21,663% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €32,664
Fixed assets
€12,927 ▼ 5.2%
Current assets
€19,736 ▼ 1.4%
Equity and liabilities €32,664
Equity
€13,617 ▼ 6.4%
Debt
€19,047 ▼ 0.3%
Debt's share of the balance-sheet total rises from 56.8% to 58.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€12,549▲
2024 · €4,290
Cash flow
€8,595▲
2024 · €2,668
Quick ratio
1.55▼
2024 · 2.10
Debt to equity
1.40▲
2024 · 1.31
ROE
15.2%▲
2024 · -11.0%
Interest coverage
14.40▼
2024 · 609.43
Debt ≤ 1 year
€12,286▲
2024 · €9,183
Debt > 1 year
€6,761▼
2024 · €9,929
Income taxes
€3,092▲
2024 · €1,651
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.9% 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 497,662 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% | 1.7% |
| 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 75% 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 34,679 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €93 | €1,455 | €1,979 | €4,263 | €6,528 | ▲ 53.1% |
| Other operating charges640/8 | €2,942 | €2,359 | €2,698 | €2,625 | €3,196 | ▲ 21.7% |
| Gross operating margin9900 | €8,615 | €5,472 | €8,855 | €6,915 | €15,745 | ▲ 128% |
| Operating profit (loss)9901 | €5,579 | €1,657 | €4,177 | €28 | €6,022 | ▲ 21,663% |
| Financial income75/76B | €1 | €10 | €7 | €35 | €9 | ▼ 75.1% |
| Recurring financial income75 | €1 | €10 | €7 | €35 | €9 | ▼ 75.1% |
| Financial charges65/66B | €3 | €0 | €0 | €7 | €871 | ▲ 12,276% |
| Recurring financial charges65 | €3 | €0 | €0 | €7 | €871 | ▲ 12,276% |
| Profit (loss) for the period before taxes9903 | €5,577 | €1,667 | €4,183 | €56 | €5,159 | ▲ 9,139% |
| Income taxes67/77 | €3,123 | €1,996 | €2,903 | €1,651 | €3,092 | ▲ 87.3% |
| Profit (loss) for the period9904 | €2,454 | -€329 | €1,281 | -€1,595 | €2,067 | ▲ 230% |
| Profit (loss) for the period to be appropriated9905 | €2,454 | -€329 | €1,281 | -€1,595 | €2,067 | ▲ 230% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €41,069 | €39,431 | €40,673 | €33,661 | €32,664 | ▼ 3.0% |
| Fixed assets21/28 | €245 | €4,485 | €3,095 | €13,635 | €12,927 | ▼ 5.2% |
| Tangible fixed assets22/27 | €245 | €4,485 | €3,095 | €13,635 | €12,927 | ▼ 5.2% |
| Plant, machinery and equipment23 | €245 | €850 | €1,136 | €826 | €516 | ▼ 37.5% |
| Furniture and vehicles24 | - | €3,634 | €1,960 | €12,809 | €12,411 | ▼ 3.1% |
| Current assets29/58 | €40,824 | €34,946 | €37,577 | €20,026 | €19,736 | ▼ 1.4% |
| Stocks and contracts in progress3 | €1,040 | €904 | €138 | €734 | €650 | ▼ 11.4% |
| Stocks30/36 | €1,040 | €904 | €138 | €734 | €650 | ▼ 11.4% |
| Amounts receivable within one year40/41 | €1,385 | €1,147 | €1,496 | €2,143 | €2,235 | ▲ 4.3% |
| Trade receivables40 | €435 | €344 | €1,157 | €720 | - | - |
| Other amounts receivable41 | €950 | €804 | €338 | €1,423 | €2,235 | ▲ 57.0% |
| Cash at bank and in hand54/58 | €36,742 | €31,125 | €34,057 | €15,287 | €16,146 | ▲ 5.6% |
| Deferred charges and accrued income490/1 | €1,657 | €1,769 | €1,887 | €1,863 | €706 | ▼ 62.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €41,069 | €39,431 | €40,673 | €33,661 | €32,664 | ▼ 3.0% |
| Equity10/15 | €33,294 | €32,965 | €16,145 | €14,550 | €13,617 | ▼ 6.4% |
| Contributions10/11 | €21,000 | €21,000 | €9,900 | €9,900 | €9,900 | = |
| Outside capital11 | - | €21,000 | €9,900 | - | - | - |
| Other1109/19 | - | €21,000 | €9,900 | - | - | - |
| Reserves13 | €2,100 | €2,100 | €990 | €990 | €990 | = |
| Non-distributable reserves130/1 | €2,100 | €2,100 | - | - | - | - |
| Reserves not available under the articles1311 | €2,100 | €2,100 | - | - | - | - |
| Distributable reserves133 | - | - | €990 | €990 | €990 | = |
| Profit (loss) carried forward14 | €10,194 | €9,865 | €5,255 | €3,660 | €2,727 | ▼ 25.5% |
| Amounts payable17/49 | €7,775 | €6,465 | €24,528 | €19,112 | €19,047 | ▼ 0.3% |
| Amounts payable after more than one year17 | - | - | - | €9,929 | €6,761 | ▼ 31.9% |
| Financial debts170/4 | - | - | - | €9,929 | €6,761 | ▼ 31.9% |
| Amounts payable within one year42/48 | €7,775 | €6,465 | €24,528 | €9,183 | €12,286 | ▲ 33.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €4,430 | €4,031 | ▼ 9.0% |
| Trade debts44 | €2,421 | €1,081 | €2,242 | €976 | €411 | ▼ 57.9% |
| Suppliers440/4 | €2,421 | €1,081 | €2,242 | €976 | €411 | ▼ 57.9% |
| Advances received on contracts in progress46 | €0 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €5,151 | €5,134 | €6,003 | €3,777 | €5,744 | ▲ 52.1% |
| Taxes450/3 | €5,151 | €5,134 | €6,003 | €3,777 | €5,744 | ▲ 52.1% |
| Other amounts payable47/48 | €202 | €250 | €16,283 | - | €2,100 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,454 | -€329 | €1,281 | -€1,595 | €2,067 | ▲ 230% |
| + Depreciation and write-downs630 | €93 | €1,455 | €1,979 | €4,263 | €6,528 | ▲ 53.1% |
| Operating cash flow (approximation) | €2,547 | €1,126 | €3,260 | €2,668 | €8,595 | ▲ 222% |
| Investment in fixed assets (approximation) | - | -€5,695 | -€590 | -€14,802 | -€5,820 | ▲ 60.7% |
| Change in cash | - | -€5,617 | €2,931 | -€18,770 | €860 | ▲ 105% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €2,067
Net result €2,067 after one loss-making year.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€1,595
Net result drops to -€1,595, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €1,281
Net result €1,281 after one loss-making year.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
12-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
19-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 50 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
01-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 1 day late
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · 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, Montigny-le-Tilleul · 1 establishment unit since 2007
Ground area
2,720 m²
Building footprint
342 m²
Volume, LiDAR
2,082 m³
2 parcels, Wallonia · tallest building 9.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
BELVISION SECURITY
since 20072.163.550.257
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52048D0064/00R024 | Wallonia | 1,693 m² | 1 · 153 m² | 9.4 m · 3 fl. |
| 52048D0083/00Z003 | Wallonia | 1,027 m² | 1 · 189 m² | 6.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 22,829 companies in sector 43211 we hold annual accounts for 10,334. 6,332 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-06-2007
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0890396058
Also
9925:BE0890396058
Registered
25-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.