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DB Security

Active
Private limited companyfounded 2024active for 2 yearsVaartlaan 20, 9880 Aalter, BelgiumKBO/BCE: BE 1010.531.944
Summary

The computed 12-month bankruptcy probability of DB Security is 3.0% (moderate). The 2025 annual accounts show equity of €18,899 and a net result of €13,899. Its solvency ranks better than 29% of 34,699 sector peers (NACE 43, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
General electrical installation work
NACE 43211
1 site
Size
€67,774total assets 2025
Equity
€18,899
Profit
€13,899
Turnover not published (micro format)
Financial health
51 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
3.0%
Structure
2025 accounts 45 days early
Why 51raises riskFounded in 2024Size: total assets €67,7741 change of registered office in 24 monthslowers riskFigures for financial year 2025 (filed 16-03-2026)Show the evidence

Checked score

Score 2025
51 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 42% of its sector peers (NACE 43, micro)
Financial strength
Average
Solvency 53
equity 27.9% of total assets
Liquidity 28
short-term debt 57.8% · cash 5.9%
Profitability 94
return on assets 20.5%
Bankruptcy probability, 12 months
3.0% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,639 companies, NACE 43, micro)
Last 24 months 07-2025: 1.9%lowest value 08-2025: 1.9%● unchanged vs 07-2025lowest value 09-2025: 2.0%▲ +0.1 percentage points vs 08-2025 10-2025: 2.3%▲ +0.3 percentage points vs 09-2025 11-2025: 2.4%▲ +0.1 percentage points vs 10-2025 12-2025: 2.7%▲ +0.3 percentage points vs 11-2025 01-2026: 3.0%▲ +0.3 percentage points vs 12-2025 02-2026: 3.0%● unchanged vs 01-2026 03-2026: 2.9%▼ -0.1 percentage points vs 02-2026 04-2026: 5.1%▲ +2.2 percentage points vs 03-2026 05-2026: 5.5%▲ +0.4 percentage points vs 04-2026 06-2026: 5.6%▲ +0.1 percentage points vs 05-2026highest value 07-2026: 5.6%● unchanged vs 06-2026highest value 08-2026: 5.6%● unchanged vs 07-2026highest value 09-2026: 5.6%● unchanged vs 08-2026highest value 10-2026: 3.0%▼ -2.6 percentage points vs 09-2026
Credit of up to €500 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.96, below 1; short-term debt: 57.8% and cash: 5.9% of total assets), and 72.1% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 29% on solvency, 16% on liquidity and 80% on profitability.

The bankruptcy probability was computed on 25-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

Credit check for your own amount and term

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Founded in 2024
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Figures for financial year 2025 (filed 16-03-2026)
NBB · annual accounts
raises risk · Size: total assets €67,774
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 16-03-2026, 45 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
45 days early
← before the deadline after the deadline →
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2024.
KBO publications · our coverage
  1. Registered officeRegistered-office move · Power of…
  2. Annual accounts filedfinancial year 2025 · micro…
  3. IncorporationAppointment: DEDAPPER, Brecht (statutory director)…

Financials · financial year 2025, micro format

Equity
€18,899
Total assets
€67,774
Net result
€13,899
Working capital
-€1,744

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €67,774
Fixed assets €30,362
Current assets €37,412
Equity and liabilities €67,774
Equity €18,899
Debt €48,875
Debt finances 72.1% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€35,236
Cash flow
€26,870
Current ratio
0.96
Quick ratio
0.65
Debt to equity
2.59
ROE
73.5%
ROA
20.5%
Interest coverage
13.65
Debt ≤ 1 year
€39,156
Debt > 1 year
€9,719
Income taxes
€5,785

Peer companies

Historical observation

Of the 7,976 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 94.3% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
3.6% went bankrupt
1.8% stopped otherwise
94.3% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 3.0% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 7,976 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
Filed annual accounts As filed with the NBB · 2025 · 43 lines
Balance sheet Code2025
Assets
Total assets20/58€67,774
Fixed assets21/28€30,362
Tangible fixed assets22/27€30,362
Plant, machinery and equipment23€1,148
Furniture and vehicles24€29,214
Current assets29/58€37,412
Stocks and contracts in progress3€12,136
Stocks30/36€12,136
Amounts receivable within one year40/41€21,080
Trade receivables40€13,969
Other amounts receivable41€7,111
Cash at bank and in hand54/58€4,013
Deferred charges and accrued income490/1€183
Equity and liabilities
Total equity and liabilities10/49€67,774
Equity10/15€18,899
Contributions10/11€5,000
Reserves13€13,899
Distributable reserves133€13,899
Amounts payable17/49€48,875
Amounts payable after more than one year17€9,719
Financial debts170/4€9,719
Amounts payable within one year42/48€39,156
Current portion of amounts payable after more than one year42€8,716
Trade debts44€5,400
Suppliers440/4€5,400
Taxes, remuneration and social security45€374
Taxes450/3€374
Other amounts payable47/48€24,666
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12,972
Other operating charges640/8€319
Gross operating margin9900€35,555
Operating profit (loss)9901€22,264
Financial income75/76B€1
Recurring financial income75€1
Financial charges65/66B€2,581
Recurring financial charges65€2,581
Profit (loss) for the period before taxes9903€19,684
Income taxes67/77€5,785
Profit (loss) for the period9904€13,899
Profit (loss) for the period to be appropriated9905€13,899
Appropriation of the result
Profit (loss) to be appropriated9906€13,899
Transfer to equity691/2€13,899
To other reserves6921€13,899

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12,972
Other operating charges640/8€319
Gross operating margin9900€35,555
Operating profit (loss)9901€22,264
Financial income75/76B€1
Recurring financial income75€1
Financial charges65/66B€2,581
Recurring financial charges65€2,581
Profit (loss) for the period before taxes9903€19,684
Income taxes67/77€5,785
Profit (loss) for the period9904€13,899
Profit (loss) for the period to be appropriated9905€13,899
Line2025
Assets
Total assets20/58€67,774
Fixed assets21/28€30,362
Tangible fixed assets22/27€30,362
Plant, machinery and equipment23€1,148
Furniture and vehicles24€29,214
Current assets29/58€37,412
Stocks and contracts in progress3€12,136
Stocks30/36€12,136
Amounts receivable within one year40/41€21,080
Trade receivables40€13,969
Other amounts receivable41€7,111
Cash at bank and in hand54/58€4,013
Deferred charges and accrued income490/1€183
Equity and liabilities
Total equity and liabilities10/49€67,774
Equity10/15€18,899
Contributions10/11€5,000
Reserves13€13,899
Distributable reserves133€13,899
Amounts payable17/49€48,875
Amounts payable after more than one year17€9,719
Financial debts170/4€9,719
Amounts payable within one year42/48€39,156
Current portion of amounts payable after more than one year42€8,716
Trade debts44€5,400
Suppliers440/4€5,400
Taxes, remuneration and social security45€374
Taxes450/3€374
Other amounts payable47/48€24,666
Line2025
Profit (loss) for the period9904€13,899
+ Depreciation and write-downs630€12,972
Operating cash flow (approximation)€26,870

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
30-09-2025 micro format 16-03-2026 2026-00054789

Similar companies · same sector, comparable size

Of the 22,639 active companies whose main activity is general electrical installation work (NACE 43211), figures are known for 10,502. 7,256 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
1 director, no change since 2024
DEDAPPER, Brecht
Statutory director · since 21-06-2024
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →

Mandate history

1 person since 2024, 1 in office
Show
  • Board
Mandates per person, with start and end dates
Name Functions and periods
DEDAPPER, Brecht
  • Statutory director, from 21-06-2024 to date
See the board, name and registered office on a given date →

Owners and capital

Capital and shareholders

Shareholders according to the deeds
At incorporation act of 21-06-2024 ↗

The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years
  1. 21-06-2024 Incorporation · €5,000 · 100 shares

Group and network

Connections & network

1 current director
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

On 19 June 2024, DB Security was incorporated as a private limited company by one natural person, with a starting capital of €5,000.12 In 2026 the registered office moved to Aalter.3 DEDAPPER, Brecht has served as statutory director of the company since 2024.2

  1. 1KBO register
  2. 2Belgian Official Gazette, 21-06-2024
  3. 3Belgian Official Gazette, 27-03-2026

Acts, filings and financial milestones

2026
27-03
Gazette deed Registered office
Registered-office move · Power of attorney4 facts ▸
  • General meeting, 16-09-2025
  • Registered-office move, Vaartlaan 20, 9880 Aalter
  • Power of attorney, VOF Schellaert Hans 'boekhouding en fiscaliteit'
  • Power of attorney
16-03
NBB filing Annual accounts filed
financial year 2025 · micro format
2024
21-06
Gazette deed Incorporation
Appointment: DEDAPPER, Brecht (statutory director) · Founder · Founding capital7 facts ▸
  • Incorporation, “DB Security” (deed in Dutch)
  • Founder, DEDAPPER, Brecht
  • Founding capital, €5,000
  • Director appointment, DEDAPPER, Brecht (statutory director)
  • Registered office clause, “9290 Berlare,Ridderstraat 12” (deed in Dutch)
  • Pre-incorporation commitments, “takeover, alle verbintenissen en verplichtingen die eruit voortvloeien en alle activiteiten ondernomen in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
  • Power of attorney, VOF Schellaert Hans ‘boekhouding en fiscaliteit’
Gazette deedNBB filing
2 of 2 deeds read

Register details

Identification
Legal formPrivate limited company
Founded19-06-2024
Financial year end30-09
Activities, NACEBEL 2025
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID 0208:1010531944
Also 9925:BE1010531944
Registered 02-02-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 25 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 1010.531.944

Recognitions · licences · registrations

Licences in the Official Gazette

2 publications · 2 kinds
Security firm approval (alarm systems)
Granted · decision 13-03-2026 · published on 24-04-2026 · Official Gazette
Security firm approval (camera systems)
Granted · decision 13-03-2026 · published on 24-04-2026 · Official Gazette

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Aalter · 1 establishment unit since 2024
registered office establishment The establishment unit on the map
Ground area
2,017 m²
Building footprint
354 m²
Building volume
1,464 m³
2 parcels, Flanders · tallest building 8.5 m. Linked by address, not a title deed.
1 establishment unit
DB Security
Ridderstraat(B) 12, 9290 BerlareGeneral electrical installation work
since 2024unit no. 2.360.839.052
2 parcels
Flanders 2 (100%)
Cadastral parcel Region Area Buildings Height / floors
44503G0320/00A003 Flanders 1,160 m² 1 · 135 m² 3.9 m · 1
42003A1762/00L000 Flanders 857 m² 1 · 219 m² 8.4 m · 2
How the parcels are linked
Good to know
Both parcels match the address exactly.

Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“Omschrijving: elektriciteitswerken, camerabeveiliging, toegangscontrole, en videofonie; 27.90011 - Vervaardiging van elektrische…” (deed in Dutch)
23 activities (deed in Dutch)
  1. Omschrijving: elektriciteitswerken, camerabeveiliging, toegangscontrole, en videofonie.
  2. 27.90011 - Vervaardiging van elektrische signaalapparatuur, veiligheids-, controle- en regelapparatuur voor verkeerswegen, spoor- en tramwegen, waterwegen, havens en vliegvelden
  3. 43.211 - Elektrotechnische installatiewerken aan gebouwen
  4. 43.21101 - Installatie van elektrische bedrading en toebehoren
  5. 43.21102 - Installatie van de bedrading voor telefooninstallaties en computersystemen
  6. 43.21103 - Installatie van bewakingssystemen en alarminstallaties tegen diefstal
  7. 43.212 - Elektrotechnische installatiewerken, uitgezonderd aan gebouwen
  8. 43.21201 - Installatie van verlichtings- en signaleringssystemen voor wegen en spoorwegen, in havens en luchthavens (inclusief de installatie van verkeersborden)
  9. 46.130 - Handelsbemiddeling in hout en bouwmaterialen
  10. 46.14005 - Handelsbemiddeling in elektrische en elektronisch materiaal, inclusief installatiemateriaal voor industrieel gebruik
  11. 46.15003 - Handelsbemiddeling in loodgietersmateriaal, elektrisch installatiemateriaal voor huishoudelijk gebruik en verwarmingsinstallaties
  12. 46.43101 - Groothandel in elektrische huishoudelijke apparaten
  13. 46.43102 - Groothandel in audio- en videoapparaten
  14. 46.473 - Groothandel in verlichtingsapparatuur
  15. 46.520 - Groothandel in elektronische en telecommunicatieapparatuur en delen daarvan
  16. 46.693 - Groothandel in elektrisch materiaal, inclusief installatiemateriaal
  17. 46.731 - Groothandel in bouwmaterialen, algemeen assortiment
  18. 46.74101 - Groothandel in ijzerwaren voor algemeen gebruik(nagels, draad, schroeven, bouten, enz.),werktuigen(hamers, zagen, schroevendraaiers,enz.) en elektrisch aangedreven handgereedschap
  19. 47.521 - Bouwmarkten en andere doe-het-zelfzaken in bouwmaterialen, algemeen assortiment
  20. 47.540 - Detailhandel in elektrische huishoudapparaten in gespecialiseerde winkels
  21. 47.592 - Detailhandel in verlichtingsartikelen in gespecialiseerde winkels
  22. 47.59201 - Detailhandel in verlichtingsartikelen
  23. 95.210 - Reparatie van consumentenelektronica

The full purpose is in the deed

Name clauseThe name the company operates under according to its articles.
DB Security
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Vlaams Gewest, bij enkel besluit van het bestuursorgaan, administratieve zetels, agentschappen, werkhuizen, stapelplaatsen en bijkantoren in…” (deed in Dutch)

deed of 21-06-2024

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.
“Artikel 13. Externe vertegenwoordiging Iedere bestuurder afzonderlijk, ook wanneer er meerdere zijn, vertegenwoordigt de vennootschap jegens…”
Board ruleHow the board is made up, meets and takes decisions.
“1, algemene vergadering” (deed in Dutch)
1 more provision on this in the deed

deed of 21-06-2024

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
31 March at 20:00

deed of 21-06-2024

Oversight and winding up

Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
One provision in the deed

deed of 21-06-2024

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Toegang tot algemene vergadering, voor aandeelhouders om stemrecht uit te oefenen voldoen aan voorwaarden” (deed in Dutch)
Other provision: “Bestuurder, bij gebrek aanwezige aandeelhouder met meeste aandelen, bij pariteit oudste, zittingen en processen-verbaal algemene vergadering” (deed in Dutch)
Other provision: “Beraadslagingen algemene vergadering, meerderheid van stemmen ongeacht aantal vertegenwoordigde effecten” (deed in Dutch)
Other provision: “Bestuursorgaan tijdens zitting, elke gewone of buitengewone algemene vergadering” (deed in Dutch)
Other provision: “Door vennootschap ter beschikking gesteld elektronisch communicatiemiddel, elektronische algemene vergadering: deelname op afstand” (deed in Dutch)
Other provision: “Iedere aandeelhouder mag langs elektronische weg op afstand stemmen vóór algemene vergadering, elektronische stemming vóór algemene…” (deed in Dutch)
Other provision: “Bestuurders en commissarissen, schriftelijke vragen vóór algemene vergadering” (deed in Dutch)
Other provision: “Bestemming resultaat–reserves–uitkeringen, besluit bestuursorgaan verantwoord in verslag dat niet wordt neergelegd” (deed in Dutch)
Liquidation distribution: “Goederen nog in natura voorhanden op dezelfde wijze verdeeld, hetzij bijkomende volstorting eisen lastens niet voldoende volgestorte…” (deed in Dutch)
2 more provisions in the deed, see the deed of 21-06-2024

deed of 21-06-2024