DELEC SECURITY (0759.800.109): financials and annual accounts

DELEC SECURITY

Ghent ·KBO/BCE: BE 0759.800.109

Line	2025	2024	2023	2022	2021
Balance sheet: assets
Total assets`20/58`	72,832	70,081	57,394	49,658	72,160
Fixed assets`21/28`	1,716	1,906	9,023	16,814	27,643
Tangible fixed assets`22/27`	1,566	1,756	8,873	16,664	27,493
Plant, machinery and equipment`23`	130	229	-	-	-
Furniture and vehicles`24`	1,436	1,527	8,873	16,664	27,493
Financial fixed assets`28`	150	150	150	150	150
Current assets`29/58`	71,116	68,175	48,371	32,844	44,517
Stocks and contracts in progress`3`	4,365	3,924	3,896	1,807	2,104
Stocks`30/36`	4,365	3,924	3,896	1,807	2,104
Amounts receivable within one year`40/41`	28,415	29,395	32,661	14,454	14,304
Trade receivables`40`	22,035	27,012	27,842	10,129	7,484
Other amounts receivable`41`	6,380	2,383	4,819	4,325	6,819
Cash at bank and in hand`54/58`	36,568	33,990	10,892	15,704	26,729
Deferred charges and accrued income`490/1`	1,768	866	922	879	1,380
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	72,832	70,081	57,394	49,658	72,160
Equity`10/15`	42,173	40,662	31,608	26,270	29,174
Contributions`10/11`	10,000	10,000	10,000	10,000	10,000
Reserves`13`	32,173	30,662	21,608	19,174	19,174
Distributable reserves`133`	32,173	30,662	21,608	19,174	19,174
Profit (loss) carried forward`14`	-	-	-	-2,905	-
Amounts payable`17/49`	30,659	29,418	25,786	23,388	42,986
Amounts payable within one year`42/48`	30,598	29,319	25,688	23,247	42,986
Current portion of amounts payable after more than one year`42`	-	-	-	-	3,815
Financial debts`43`	-	2,562	2,581	-	12,651
Credit institutions`430/8`	-	2,562	2,581	-	12,651
Trade debts`44`	6,535	2,423	1,263	1,874	3,169
Suppliers`440/4`	6,535	2,423	1,263	1,874	3,169
Advances received on contracts in progress`46`	-	-	230	-	-
Taxes, remuneration and social security`45`	3,126	3,191	630	-	1,917
Taxes`450/3`	3,126	3,191	630	-	1,917
Other amounts payable`47/48`	20,936	21,143	20,984	21,372	21,434
Accrued charges and deferred income`492/3`	61	99	98	142	-
Income statement
Non-recurring operating income`76A`	413	-	-	-	-
Gross operating margin`9900`	6,285	23,863	18,332	9,675	41,583
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	2,698	7,602	8,059	10,515	9,542
Other operating charges`640/8`	1,123	1,237	1,227	1,456	1,809
Operating profit (loss)`9901`	2,463	15,024	9,047	-2,295	30,232
Financial income`75/76B`	37	53	15	30	148
Recurring financial income`75`	37	53	15	30	148
Financial charges`65/66B`	319	184	106	206	298
Recurring financial charges`65`	319	184	106	206	298
Profit (loss) for the period before taxes`9903`	2,181	14,892	8,955	-2,471	30,082
Income taxes`67/77`	671	5,838	3,617	433	10,908
Profit (loss) for the period`9904`	1,510	9,054	5,339	-2,905	19,174
Profit (loss) for the period to be appropriated`9905`	1,510	9,054	5,339	-2,905	19,174
Appropriation of the result
Profit (loss) to be appropriated`9906`	1,510	9,054	2,434	-2,905	19,174
Profit (loss) brought forward from the previous period`14P`	-	-	-2,905	-	-
Transfer to equity`691/2`	1,510	9,054	2,434	-	19,174
To other reserves`6921`	1,510	9,054	2,434	-	19,174
Document	PDF	PDF	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	02-06-2026	2026-00135530	PDF
31-12-2024	micro format	26-08-2025	2025-00413577	PDF
31-12-2023	micro format	28-08-2024	2024-00396021	PDF
31-12-2022	micro format	11-09-2023	2023-00444927	PDF
31-12-2021	micro format	30-08-2022	2022-20387735	PDF

Line	2025	2024	2023	2022	2021
EBITDA	5,162	22,625	17,106	8,220	39,774
Cash flow	4,209	16,656	13,398	7,611	28,716
Investment in fixed assets (approximation)	2,508	484	268	-314	36,088
Change in cash	2,578	23,098	-4,812	-11,025	-
Working capital	40,519	38,856	22,683	9,597	1,531
Solvency	57.9%	58.0%	55.1%	52.9%	40.4%
Current ratio	2.32	2.33	1.88	1.41	1.04
Quick ratio	2.18	2.19	1.73	1.34	0.99
Debt to equity	0.73	0.72	0.82	0.89	1.47
ROE	3.6%	22.3%	16.9%	-11.1%	65.7%
ROA	2.1%	12.9%	9.3%	-5.8%	26.6%
Interest coverage	16.16	over 100	over 100	39.93	over 100

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€2,508	€484	€268	-	€35,938
Financial fixed assets	-	-	-	-	€150
Depreciation and write-downs of the year	€2,698	€7,602	€8,059	€10,515	€9,542

DELEC SECURITY

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency57.9%

Current ratio2.32

Return on assets2.1%

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on DELEC SECURITY

Next steps