dV Security
ActiveSummary
dV Security has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €243,540 and a net result of €91,450. Equity has been growing by about 45% per year since 2023. Its solvency ranks better than 95% of 34,902 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 27-09-2022 Normal situation
- Activity
- General electrical installation work NACE 43211and 1 other
- Establishment unit
- 2.336.099.104 9940 Evergem, since 01-10-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €121,260
- ▲ 89.8%
- Turnover
- ≈ €350,000
- estimated
- Profit
- €91,450
- ▲ 104%
- Equity
- €243,540
- ▲ 60.1%
- Total assets
- €247,017
- ▲ 33.0%
Score breakdownraises riskFounded in 2022lowers riskLiquidity: current ratio 69.75, cash €181,670Equity €243,540 (98.6% of total assets)Figures for financial year 2025 (filed on 18-03-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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). It does better than 90% of them on solvency, 98% on liquidity, 92% on profitability and 86% on growth.
The bankruptcy probability was computed on 01-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 3 accounts on average 66 days before the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 18-03-2026 PDF all 3 filings
2023 to 2025, 3 financial years
The operating result for 2025 is 99% higher than in 2024. It is a recovery after the fall in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Specialised construction activities (NACE 43). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Investments
| Item | 2023 | 2024 | 2025 |
|---|---|---|---|
| Tangible fixed assets | €13,116 | €775 | - |
| Intangible fixed assets | €1,000 | - | - |
| Depreciation and write-downs of the year | €4,674 | €3,496 | €3,322 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 to 2024 · 2 entries · €246 awarded · €246 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €94 | €94 |
| 2023 | 1 | €152 | €152 |
Comparable companies
These companies have the same main activity as dV Security: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €225,000 and €263,000, founded between 2022 and 2023.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| dV Security Evergem | 2022 | €247,017 | €243,540 | €121,260 | €91,450 | 2025 |
| ElektroNick Sint-Niklaas | 2022 | €225,270 | €35,032 | €118,979 | €25,453 | 2025 |
| VHJ Algemene Elektriciteitswerken Hamme (Vl.) | 2022 | €262,881 | €94,578 | €128,060 | €33,665 | 2025 |
| TLS Technics Lierde | 2022 | €260,522 | €223,009 | €109,907 | €67,341 | 2025 |
| RV ELEKTRO Aalst | 2023 | €233,402 | €21,555 | €117,183 | €61,585 | 2025 |
| ATMC TECHNICS Gent | 2022 | €225,428 | €17,532 | €126,952 | -€26,360 | 2025 |
| HBR CONSTRUCT Aalter | 2023 | €254,550 | €195,343 | €125,106 | €52,864 | 2025 |
They were chosen from the 10,240 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 39,278 companies had the same profile as dV Security has now. Two years later, 1.8% had gone bankrupt and 95.9% were still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
The bankruptcy probability of dV Security itself is lower: 0.1% within 12 months. It rests on far more data about dV Security than the profile alone.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for dV Security. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,674 | €3,496 | €3,322 | ▼ 5.0% |
| Other operating charges640/8 | €2,435 | €2,071 | €2,087 | ▲ 0.8% |
| Gross operating margin9900 | €132,987 | €63,886 | €121,260 | ▲ 89.8% |
| Operating profit (loss)9901 | €125,878 | €58,319 | €115,851 | ▲ 98.7% |
| Financial income75/76B | €1 | €0 | €1 | ▲ 542% |
| Recurring financial income75 | €1 | €0 | €1 | ▲ 542% |
| Financial charges65/66B | €101 | €1,890 | €207 | ▼ 89.0% |
| Recurring financial charges65 | €101 | €1,890 | €207 | ▼ 89.0% |
| Profit (loss) for the period before taxes9903 | €125,778 | €56,429 | €115,645 | ▲ 105% |
| Income taxes67/77 | €26,845 | €11,580 | €24,195 | ▲ 109% |
| Profit (loss) for the period9904 | €98,932 | €44,850 | €91,450 | ▲ 104% |
| Profit (loss) for the period to be appropriated9905 | €98,932 | €44,850 | €91,450 | ▲ 104% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €177,773 | €185,760 | €247,017 | ▲ 33.0% |
| Fixed assets21/28 | €10,541 | €7,821 | €4,499 | ▼ 42.5% |
| Intangible fixed assets21 | €875 | €775 | €675 | ▼ 12.9% |
| Tangible fixed assets22/27 | €9,666 | €7,046 | €3,824 | ▼ 45.7% |
| Plant, machinery and equipment23 | €5,597 | €4,203 | €2,196 | ▼ 47.8% |
| Furniture and vehicles24 | €4,070 | €2,842 | €1,628 | ▼ 42.7% |
| Current assets29/58 | €167,231 | €177,939 | €242,518 | ▲ 36.3% |
| Stocks and contracts in progress3 | €25,290 | €25,500 | €28,132 | ▲ 10.3% |
| Stocks30/36 | €25,290 | €25,500 | €28,132 | ▲ 10.3% |
| Amounts receivable within one year40/41 | €47,164 | €20,121 | €29,155 | ▲ 44.9% |
| Trade receivables40 | €47,164 | €13,116 | €21,628 | ▲ 64.9% |
| Other amounts receivable41 | - | €7,005 | €7,528 | ▲ 7.5% |
| Cash at bank and in hand54/58 | €91,163 | €128,889 | €181,670 | ▲ 41.0% |
| Deferred charges and accrued income490/1 | €3,615 | €3,429 | €3,561 | ▲ 3.8% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €177,773 | €185,760 | €247,017 | ▲ 33.0% |
| Equity10/15 | €108,099 | €152,090 | €243,540 | ▲ 60.1% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | €98,099 | €142,090 | €233,540 | ▲ 64.4% |
| Distributable reserves133 | €98,099 | €142,090 | €233,540 | ▲ 64.4% |
| Amounts payable17/49 | €69,674 | €33,670 | €3,477 | ▼ 89.7% |
| Amounts payable within one year42/48 | €69,674 | €31,986 | €3,477 | ▼ 89.1% |
| Trade debts44 | €10,591 | €4,249 | €1,480 | ▼ 65.2% |
| Suppliers440/4 | €10,591 | €4,249 | €1,480 | ▼ 65.2% |
| Taxes, remuneration and social security45 | €26,927 | €26,845 | €1,997 | ▼ 92.6% |
| Taxes450/3 | €26,927 | €26,845 | €1,997 | ▼ 92.6% |
| Other amounts payable47/48 | €32,156 | €891 | - | - |
| Accrued charges and deferred income492/3 | - | €1,684 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €98,932 | €44,850 | €91,450 | ▲ 104% |
| + Depreciation and write-downs630 | €4,674 | €3,496 | €3,322 | ▼ 5.0% |
| Operating cash flow (approximation) | €103,606 | €48,346 | €94,772 | ▲ 96.0% |
| Investment in fixed assets (approximation) | - | -€775 | €0 | - |
| Change in cash | - | €37,726 | €52,781 | ▲ 39.9% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Board & ownership
Directors
Owners and capital
Shareholders
- de Vlieger Kristof Bavo 100 shares (100%) · €10,000 in cash
Capital transactions
- 29-09-2022 Incorporation · €10,000 · 100 shares
Articles of association
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “Gelijk recht in winstverdeling en vereffeningsaldo, 100”
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 29-09-2022 (in Dutch)
Network & group
dV Security shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of dV Security. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
29-09
Gazette deed
IncorporationStarting capital €10,000 · Appointment: de Vlieger Kristof Bavo (director) · Registered office clause · Board rule9 points ▸
- Registered office clause, “9940 Evergem, Schoonstraat 212” (deed in Dutch)
- Other provision, “website en e-mailadres vennootschap, geen website of e-mailadres opgegeven” (deed in Dutch)
- Board rule, 1, “vergadering” (deed in Dutch)
- Director appointment, de Vlieger Kristof Bavo (director)
- Founder, de Vlieger Kristof Bavo (comparant oprichter)
- Other provision, “huwelijksvermogensstelsel, wettelijk stelsel” (deed in Dutch)
- Incorporation, 26-09-2022
- Founding capital, €10,000
- Bank account, EUR, “bijzondere rekening namens vennootschap in oprichting” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
20 activities
- 1. Het aan- en verkopen (groothandel en kleinhandel),huren en verhuren,invoer en uitvoer,ontwikkelen,concipiëren,installeren,herstellen en onderhouden van alarmsystemen (zowel voor brand,gaslek,ontploffingen als voor misdrijven tegen personen of goederen),zoals elektronische inbraakbeveiliging,brandbeveiliging,brandmeldsystemen,volumetrische binnendetectiesystemen,periferische buitendetectiesystemen,perimetrische omtrekbeveiliging;objectbeveiliging,mistbeveiliging,automatische schrikverlichting,optische systemen,alarmtoestellen en beveiligingstoestellen. Deze opsomming als aanduiding dienende en geenszins beperkend;
- 2. Het aan- en verkopen (groothandel en kleinhandel),huren en verhuren,invoer en uitvoer,ontwikkelen,concipiëren,installeren,herstellen en onderhouden van camerasystemen zoals camerabewakingssytemen,vaste en mobiele bewakingscamera’s,camera’s om misdrijven tegen personen of goederen te voorkomen,vast te stellen of op te sporen;camera’s op de werkvloer ter bescherming van de goederen van de onderneming of ter controle van het productieproces. Deze opsomming als aanduiding dienende en geenszins beperkend;
- 3. Het aan- en verkopen (groothandel en kleinhandel),huren en verhuren,invoer en uitvoer,ontwikkelen,concipiëren,installeren,herstellen en onderhouden van toegangscontrolesystemen zoals,parlofonie,videofonie,codeklavieren,elektrische deur-,poort- en hekopeners,elektromotorische sloten,elektromagnetische sloten. Deze opsomming als aanduiding dienende en geenszins beperkend;
- 4. Onderneming voor de installatie van bewakingssystemen en alarminstallaties tegen diefstal;
- 5. Diensten in verband met beveiligingssystemen
- 6. Onderneming voor de installatie van elektrische bedrading en toebehoren;
- 7. Het verlenen van advies en consultancy op het gebied van veiligheid,of meer in het algemeen gespecialiseerde wetenschappelijke en technische activiteiten;
- 8. Alle installaties en herstellingen van elektrische zonnepanelen,omvormers en thuisbatterijen;
- 9. Installatie van stores en zonneschermen;
- 10. Reparatie van elektrische apparatuur;
- 11. Het verlenen van diensten en adviezen aan personen en bedrijven,in het algemeen met betrekking tot het bedrijfsbeheer,managementadvies,opportuniteitsonderzoek,marketing,acquisitieonderzoek en al wat daarmede rechtstreeks of onrechtstreeks verband houdt;
- 12. De groot –en kleinhandel,de import en export,de aan- en verkoop,de vertegenwoordiging,kortom de handel,alsook e-commerce,in de meest ruime zin van alle roerende goederen,materialen en gereedschappen;
- 13. Alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer van haar roerend patrimonium;
- 14. Alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer van het eigen onroerend patrimonium,en het valoriseren van dit patrimonium door het stellen van alle daden van beheer en bestuur,waaronder de aankoop,verkoop,verhuring,zelf in huur nemen,vruchtgebruik,recht van opstal,erfpacht,ruilen van alle onroerende goederen,de oprichting van gebouwen en onroerende goederen,de renovatie,de verbouwing,de herinrichting van alle gebouwen in de ruimste zin;
- 15. Het beheer van haar roerend of onroerend vermogen. De vennootschap mag onder meer onroerende goederen of onroerende rechten verwerven,laten oprichten,laten opschikken of uitrusten en ombouwen;
- 16. De vennootschap mag onder meer alle burgerlijke,industriële,commerciële,financiële,roerende of onroerende verrichtingen uitvoeren die kunnen bijdragen tot de verwezenlijking van het maatschappelijk voorwerp en daartoe noodzakelijk,nuttig of op enige wijze bevorderend kunnen zijn;
- 17. De vennootschap mag op welke wijze ook betrokken zijn en deelnemen in andere ondernemingen,vennootschappen,samenwerkingsverbanden,beroepsverenigingen of groeperingen,zowel in binnen- als buitenland,mits een en ander minstens onrechtstreeks verband houdt met het maatschappelijk voorwerp;
- 18. De vennootschap kan optreden als bestuurder,directielid,zaakvoerder,beheerder of vereffenaar van andere vennootschappen;zij mag zich borg stellen voor derden,zowel aandeelhouders als zaakvoerders of andere derden (natuurlijke personen of rechtspersonen),en aan dezelfde personen leningen,voorschotten en kredieten toestaan,het alles mits dit niet in strijd is met wettelijke beperkingen die hierop zouden gesteld worden;
- 19. De algemene vergadering kan,overeenkomstig het Wetboek van Vennootschappen en Verenigingen,het maatschappelijk voorwerp wijzigen of uitbreiden;
- 20. De vennootschap mag haar voorwerp verwezenlijken,zowel in het binnen -als in het buitenland,op alle wijzen die zij het meest geschikt zal achten.
Invoicing and payment
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. Use the enterprise number 0791.449.526
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Recognised contractor
1 category- P1 Electrical installations in buildings, with fire and burglar alarms and telecomsclass 1, up to €162,000
Licences in the Official Gazette
2 publications · 2 kindsSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44302F0959/00B000 | Flanders | 1,469 m² | 1 · 197 m² | 8.5 m · 2 |