Concept Security
ActiveSummary
Concept Security has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €84,953 and a net result of €26,131. Equity is growing by ~18.8% per year across the filed fiscal years. Its solvency ranks better than 54% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability88▲+9
Solvency75▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 2.0 against 1.83 in 2023; short-term debt: 49.8% and cash: 9% of total assets), but 50.2% 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
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 2024Solvency, return and age of the figures
Solvency
49.8%
Return on assets
15.3%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-07-2025, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
7 d early
2023
6 d early
2022
18 d early
2021
12 d early
2020
9 d early
2019
1 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€84,953▲ 44.4%
2023 · €58,822
Total assets
€170,746▲ 29.9%
2023 · €131,414
Net result
€26,131▲ 140%
2023 · €10,900
Working capital
€85,529▲ 44.0%
2023 · €59,388
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€24,556▲ 113%-€2,846€34,680€17,240▼ 50.3%€38,694▲ 124%
Net result€15,733▲ 69.0%-€5,623€23,163€10,900▼ 52.9%€26,131▲ 140%
Equity€48,956▲ 26.3%€43,334▼ 11.5%€66,497▲ 53.5%€58,822▼ 11.5%€84,953▲ 44.4%
Total assets€128,964▼ 19.6%€131,025▲ 1.6%€141,023▲ 7.6%€131,414▼ 6.8%€170,746▲ 29.9%
Debt€80,008▼ 34.2%€87,691▲ 9.6%€74,526▼ 15.0%€72,592▼ 2.6%€85,793▲ 18.2%
Working capital€37,228▼ 8.6%€67,774▲ 82.0%€77,274▲ 14.0%€59,388▼ 23.1%€85,529▲ 44.0%
Staff (FTE)2▼ 20.0%2=1.6▼ 20.0%1▼ 37.5%1=
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 2024; 2024 is 124% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €170,746
Fixed assets
€100 ▼ 43.1%
Current assets
€170,646 ▲ 30.0%
Equity and liabilities €170,746
Equity
€84,953 ▲ 44.4%
Debt
€85,793 ▲ 18.2%
Debt's share of the balance-sheet total falls from 55.2% to 50.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€38,770▲
2023 · €21,856
Cash flow
€26,207▲
2023 · €15,516
Current ratio
2.00▲
2023 · 1.83
Quick ratio
2.00▲
2023 · 1.81
Debt to equity
1.01▼
2023 · 1.23
ROE
30.8%▲
2023 · 18.5%
ROA
15.3%▲
2023 · 8.3%
Interest coverage
35.69▲
2023 · 20.70
Debt ≤ 1 year
€85,116▲
2023 · €71,850
Income taxes
€11,736▲
2023 · €5,739
Staff costs
€116,593▼
2023 · €123,209
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €149,265 | €139,018 | €123,209 | €116,593 | ▼ 5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,770 | €15,757 | €4,808 | €4,616 | €76 | ▼ 98.4% |
| Other operating charges640/8 | - | €2,296 | €1,915 | €2,172 | €1,737 | ▼ 20.0% |
| Gross operating margin9900 | €193,523 | €164,473 | €180,421 | €147,237 | €157,100 | ▲ 6.7% |
| Operating profit (loss)9901 | €24,556 | -€2,846 | €34,680 | €17,240 | €38,694 | ▲ 124% |
| Financial income75/76B | - | €1,984 | €9 | €455 | €260 | ▼ 42.9% |
| Recurring financial income75 | €223 | €1,984 | €9 | €455 | €260 | ▼ 42.9% |
| Financial charges65/66B | - | €1,533 | €1,089 | €1,056 | €1,086 | ▲ 2.9% |
| Recurring financial charges65 | €2,010 | €1,533 | €1,089 | €1,056 | €1,086 | ▲ 2.9% |
| Profit (loss) for the period before taxes9903 | €22,769 | -€2,395 | €33,599 | €16,639 | €37,867 | ▲ 128% |
| Income taxes67/77 | €7,036 | €3,228 | €10,436 | €5,739 | €11,736 | ▲ 104% |
| Profit (loss) for the period9904 | €15,733 | -€5,623 | €23,163 | €10,900 | €26,131 | ▲ 140% |
| Transfer from tax-exempt reserves789 | - | €16,500 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €15,733 | €10,877 | €23,163 | €10,900 | €26,131 | ▲ 140% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €128,964 | €131,025 | €141,023 | €131,414 | €170,746 | ▲ 29.9% |
| Fixed assets21/28 | €23,173 | €9,601 | €4,792 | €176 | €100 | ▼ 43.1% |
| Tangible fixed assets22/27 | €23,073 | €9,501 | €4,692 | €76 | - | - |
| Plant, machinery and equipment23 | - | €192 | - | - | - | - |
| Furniture and vehicles24 | - | €9,309 | €4,692 | €76 | - | - |
| Financial fixed assets28 | €100 | €100 | €100 | €100 | €100 | = |
| Current assets29/58 | €105,791 | €121,424 | €136,231 | €131,238 | €170,646 | ▲ 30.0% |
| Stocks and contracts in progress3 | €1,560 | €3,860 | €2,360 | €875 | €516 | ▼ 41.1% |
| Stocks30/36 | - | €3,860 | €2,360 | €875 | €516 | ▼ 41.1% |
| Amounts receivable within one year40/41 | €75,463 | €71,578 | €109,785 | €109,819 | €153,014 | ▲ 39.3% |
| Trade receivables40 | - | €14,568 | €42,180 | €55,922 | €92,714 | ▲ 65.8% |
| Other amounts receivable41 | - | €57,011 | €67,605 | €53,898 | €60,300 | ▲ 11.9% |
| Cash at bank and in hand54/58 | €28,054 | €43,106 | €22,163 | €19,763 | €15,440 | ▼ 21.9% |
| Deferred charges and accrued income490/1 | - | €2,879 | €1,924 | €781 | €1,676 | ▲ 115% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €128,964 | €131,025 | €141,023 | €131,414 | €170,746 | ▲ 29.9% |
| Equity10/15 | €48,956 | €43,334 | €66,497 | €58,822 | €84,953 | ▲ 44.4% |
| Contributions10/11 | - | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Reserves13 | €61,494 | €61,494 | €84,657 | €76,982 | €78,756 | ▲ 2.3% |
| Non-distributable reserves130/1 | - | €3,099 | €3,099 | €3,099 | - | - |
| Reserves not available under the articles1311 | - | €3,099 | €3,099 | €3,099 | - | - |
| Distributable reserves133 | - | €58,395 | €81,558 | €73,883 | €78,756 | ▲ 6.6% |
| Profit (loss) carried forward14 | -€18,735 | -€24,357 | -€24,357 | -€24,357 | - | - |
| Amounts payable17/49 | €80,008 | €87,691 | €74,526 | €72,592 | €85,793 | ▲ 18.2% |
| Amounts payable after more than one year17 | €9,551 | €3,391 | - | - | - | - |
| Financial debts170/4 | - | €3,391 | - | - | - | - |
| Amounts payable within one year42/48 | €68,563 | €53,650 | €58,957 | €71,850 | €85,116 | ▲ 18.5% |
| Current portion of amounts payable after more than one year42 | - | €3,656 | €853 | - | - | - |
| Trade debts44 | €41,427 | €39,736 | €43,701 | €47,116 | €54,511 | ▲ 15.7% |
| Suppliers440/4 | - | €39,736 | €43,701 | €47,116 | €54,511 | ▲ 15.7% |
| Taxes, remuneration and social security45 | - | €10,259 | €14,402 | €24,734 | €30,606 | ▲ 23.7% |
| Taxes450/3 | - | €10,259 | €14,029 | €18,110 | €17,257 | ▼ 4.7% |
| Remuneration and social security454/9 | - | - | €373 | €6,624 | €13,349 | ▲ 102% |
| Accrued charges and deferred income492/3 | - | €30,650 | €15,569 | €742 | €676 | ▼ 8.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,733 | -€5,623 | €23,163 | €10,900 | €26,131 | ▲ 140% |
| + Depreciation and write-downs630 | €22,770 | €15,757 | €4,808 | €4,616 | €76 | ▼ 98.4% |
| Operating cash flow (approximation) | €38,503 | €10,135 | €27,972 | €15,516 | €26,207 | ▲ 68.9% |
| Investment in fixed assets (approximation) | - | -€2,185 | €0 | €0 | €0 | - |
| Change in cash | - | €15,052 | -€20,944 | -€2,400 | -€4,323 | ▼ 80.1% |
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
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €26,131 ▲140%
Operating result €38,694, net result €26,131, both a record.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €23,163
Net result €23,163 after one loss-making year.
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €9,310
Net result €9,310 after one loss-making year.
05-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 16 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Sint-Genesius-Rode · 1 establishment unit since 1999
Ground area
110 m²
Building footprint
41 m²
Volume, LiDAR
307 m³
Parcel 22552F0290/02E000, Flanders · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Waterloose Steenweg 166, 1640 Sint-Genesius-Rode
since 19992.092.396.007
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22552F0290/02E000 | Flanders | 110 m² | 1 · 41 m² | 11.6 m · 3 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 22,832 companies in sector 43211 we hold annual accounts for 10,328. 8,812 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
Founded27-08-1999
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
46649Wholesale of other machinery and equipment
46643Wholesale of electrical equipment, including installation materials
47552Retail sale of lighting equipment
Scores and ratios are computed by Checked and are not a credit decision.