Fondation Securex
ActiveSummary
For the legal form of Fondation Securex, Checked does not compute a bankruptcy probability. The 2025 annual accounts show equity of €553k and a net result of €-48k. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 95% of 928 sector peers (fiscal year 2025). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability16▲+16
Solvency100=
Growth52=
Track record100
Credit verdict
Credit up to €30k at 30 days acceptable
short-term debt: 0.2% and cash: 11.7% of total assets, and 0.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
18192022232425
2018 to 2025 · latest year €-48k
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 20-05-2026, 72 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
72 d early
2024
50 d early
2023
22 d early
2022
76 d early
2021
62 d early
2020
58 d early
2019
37 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-48k▲ 53.7%
2024 · €-103k
2018: €37k
2019: €45k▲ +20.5% vs 2018
2020: €-94k▼ -312% vs 2019
2022: €242khighest value
2023: €135k▼ -44.1% vs 2022
2024: €-103k▼ -176% vs 2023lowest value
2025: €-48k▲ +53.7% vs 2024
2018 → 2025
Working capital
€553k▼ 8.0%
2024 · €601k
2018: €545k
2019: €590k▲ +8.2% vs 2018
2020: €495k▼ -16.0% vs 2019lowest value
2022: €569k
2023: €704k▲ +23.8% vs 2022highest value
2024: €601k▼ -14.7% vs 2023
2025: €553k▼ -8.0% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202022202320242025Trend
Equity€495k-€569k▲ 14.8%€704k▲ 23.8%€600k▼ 14.7%€553k▼ 8.0%
2020: €495klowest value
2022: €569k
2023: €704k▲ +23.8% vs 2022highest value
2024: €600k▼ -14.7% vs 2023
2025: €553k▼ -8.0% vs 2024
Operating result€-94k-€244k€137k▼ 44.0%€-106k€-48k▲ 54.9%
2020: €-94k
2022: €244khighest value
2023: €137k▼ -44.0% vs 2022
2024: €-106k▼ -177% vs 2023lowest value
2025: €-48k▲ +54.9% vs 2024
Net result€-94k-€242k€135k▼ 44.1%€-103k€-48k▲ 53.7%
2020: €-94k
2022: €242khighest value
2023: €135k▼ -44.1% vs 2022
2024: €-103k▼ -176% vs 2023lowest value
2025: €-48k▲ +53.7% vs 2024
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €48k in 2025 against €106k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €554k
Equity
€553k ▼ 8.0%
Debt
€938 ▼ 91.8%
Debt's share of the balance-sheet total falls from 1.9% to 0.2%. Equity and debt are lower.
Key figures and ratios
Debt to equity
0.00▼
2024 · 0.02
ROE
-8.7%▲
2024 · -17.2%
ROA
-8.6%▲
2024 · -16.9%
Debt ≤ 1 year
€902▼
2024 · €11k
A ratio outside any meaningful range has been withheld (balance sheet total €554k, equity €553k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 25 lines
Balance sheet
Code20242025
Assets
Total assets20/58€612k€554k▼
Current assets29/58€612k€554k▼
Current investments50/53€207k€207k=
Cash at bank and in hand54/58€191k€65k▼
Deferred charges and accrued income490/1€214k€282k▲
Equity and liabilities
Total equity and liabilities10/49€612k€554k▼
Equity10/15€600k€553k▼
Profit (loss) carried forward14€600k€553k▼
Amounts payable17/49€11k€938▼
Amounts payable within one year42/48€11k€902▼
Trade debts44€11k€902▼
Suppliers440/4€11k€902▼
Accrued charges and deferred income492/3€51€36▼
Income statement
Code20242025
Other operating charges640/8€851€114▼
Gross operating margin9900€-105k€-47k▲
Operating profit (loss)9901€-106k€-48k▲
Financial income75/76B€3k€379▼
Recurring financial income75€3k€379▼
Financial charges65/66B€624€615▼
Recurring financial charges65€624€615▼
Profit (loss) for the period before taxes9903€-103k€-48k▲
Profit (loss) for the period9904€-103k€-48k▲
Profit (loss) for the period to be appropriated9905€-103k€-48k▲
Appropriation of the result
Profit (loss) to be appropriated9906€600k€553k▼
Profit (loss) brought forward from the previous period14P€704k€600k▼
Accounts by statement
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €41 | €417 | €851 | €114 | ▼ 86.6% |
| Gross operating margin9900 | €-94k | €244k | €137k | €-105k | €-47k | ▲ 54.7% |
| Operating profit (loss)9901 | €-94k | €244k | €137k | €-106k | €-48k | ▲ 54.9% |
| Financial income75/76B | - | €3 | €786 | €3k | €379 | ▼ 86.7% |
| Recurring financial income75 | €354 | €3 | €786 | €3k | €379 | ▼ 86.7% |
| Financial charges65/66B | - | €2k | €2k | €624 | €615 | ▼ 1.4% |
| Recurring financial charges65 | €491 | €2k | €2k | €624 | €615 | ▼ 1.4% |
| Profit (loss) for the period before taxes9903 | €-94k | €242k | €135k | €-103k | €-48k | ▲ 53.7% |
| Profit (loss) for the period9904 | €-94k | €242k | €135k | €-103k | €-48k | ▲ 53.7% |
| Profit (loss) for the period to be appropriated9905 | €-94k | €242k | €135k | €-103k | €-48k | ▲ 53.7% |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €510k | €569k | €704k | €612k | €554k | ▼ 9.5% |
| Current assets29/58 | €510k | €569k | €704k | €612k | €554k | ▼ 9.5% |
| Current investments50/53 | €263k | €228k | €207k | €207k | €207k | = |
| Cash at bank and in hand54/58 | €127k | €22k | €146k | €191k | €65k | ▼ 66.2% |
| Deferred charges and accrued income490/1 | - | €319k | €351k | €214k | €282k | ▲ 31.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €510k | €569k | €704k | €612k | €554k | ▼ 9.5% |
| Equity10/15 | €495k | €569k | €704k | €600k | €553k | ▼ 8.0% |
| Profit (loss) carried forward14 | €495k | €569k | €704k | €600k | €553k | ▼ 8.0% |
| Amounts payable17/49 | €15k | €634 | €109 | €11k | €938 | ▼ 91.8% |
| Amounts payable within one year42/48 | €15k | €589 | €48 | €11k | €902 | ▼ 92.1% |
| Trade debts44 | - | €548 | - | €11k | €902 | ▼ 92.1% |
| Suppliers440/4 | - | €548 | - | €11k | €902 | ▼ 92.1% |
| Accrued charges and deferred income492/3 | - | €45 | €61 | €51 | €36 | ▼ 28.7% |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-94k | €242k | €135k | €-103k | €-48k | ▲ 53.7% |
| Operating cash flow (approximation) | €-94k | €242k | €135k | €-103k | €-48k | ▲ 53.7% |
| Change in cash | - | - | €124k | €45k | €-127k | ▼ 381% |
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
20-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Liquidity times 11current ratio 613.85
Current ratio from 53.67 to 613.85; short-term debt falls from €11k to €902.
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-103k
Net result drops to €-103k, the lowest in the series; recovery starts the following year.
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Liquidity times 15current ratio 14544.39
Current ratio from 966.36 to 14544.39; short-term debt falls from €589 to €48.
16-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €242k
Net result €242k after one loss-making year.
31-12
Financial
Liquidity times 28current ratio 966.36
Current ratio from 33.97 to 966.36; short-term debt falls from €15k to €589.
31-12
Financial
Equity above €500kEq €569k ▲14.8%
Equity rises from €495k to €569k.
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
03-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Show earlier events
2020
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
10-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
24-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
08-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 37 acts read
About the unread acts
We know of 37 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
37 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, Etterbeek
Ground area
454 m²
Building footprint
325 m²
Volume, LiDAR
1,539 m³
Parcel 21005A0563/06_000, Brussels · tallest building 14.9 m, ±1 floor. Linked by address, not a title deed.
30
companies at this address
See who is registered here
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21005A0563/06_000 | Brussels | 454 m² | 1 · 325 m² | 14.9 m · 1 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.
Recognitions · licences · registrations
Legal Entity Identifier
549300OWNF6UKMKPOH40
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Of 11,218 companies in sector 82100 we hold annual accounts for 3,511. 1,930 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic-utility foundation
Founded31-01-2005
Fiscal year end31-12
Activities, NACEBEL 2025
82100Office administrative and support services
Scores and ratios are computed by Checked and are not a credit decision.