FOX SECURITY
ActiveSummary
FOX SECURITY has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €77,048 and a net result of -€14,673. Equity is growing by ~20.7% per year across the filed fiscal years. Its solvency ranks better than 89% of 36377 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-45
Solvency100▲+11
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days only on tighter terms
Liquidity ample (current ratio 5.76 against 2.8 in 2023; short-term debt: 16.4% and cash: 22.1% of total assets), and 16.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 →
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
83.6%
Return on assets
-15.9%
Age of the figures
21 mo
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 · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€14,673
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-11-2025, 115 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
115 d late
2023
23 d late
2022
61 d late
2021
61 d late
2020
61 d late
2019
21 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 50 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€14,673▼ 613%
2023 · -€2,059
Working capital
€72,072▼ 17.3%
2023 · €87,133
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€22,503▲ 0.4%€32,837▲ 45.9%€23,510▼ 28.4%-€138-€11,948▼ 8,573%
Net result€19,095▲ 2.7%€24,379▲ 27.7%€18,139▼ 25.6%-€2,059-€14,673▼ 613%
Equity€51,262▲ 59.4%€75,642▲ 47.6%€93,780▲ 24.0%€91,721▼ 2.2%€77,048▼ 16.0%
Total assets€75,600▲ 44.4%€110,063▲ 45.6%€124,703▲ 13.3%€143,158▲ 14.8%€92,190▼ 35.6%
Debt€24,338▲ 20.7%€34,421▲ 41.4%€30,923▼ 10.2%€51,437▲ 66.3%€15,142▼ 70.6%
Working capital€45,094▲ 42.8%€69,945▲ 55.1%€88,676▲ 26.8%€87,133▼ 1.7%€72,072▼ 17.3%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €11,948 in 2024 against €138 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €92,190
Fixed assets
€4,976 ▼ 33.9%
Current assets
€87,214 ▼ 35.7%
Equity and liabilities €92,190
Equity
€77,048 ▼ 16.0%
Debt
€15,142 ▼ 70.6%
Debt's share of the balance-sheet total falls from 35.9% to 16.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€7,874▼
2023 · €3,835
Cash flow
-€10,599▼
2023 · €1,914
Current ratio
5.76▲
2023 · 2.80
Quick ratio
4.71▲
2023 · 2.11
Debt to equity
0.20▼
2023 · 0.56
ROE
-19.0%▼
2023 · -2.2%
ROA
-15.9%▼
2023 · -1.4%
Interest coverage
-11.85▼
2023 · 3.31
Debt ≤ 1 year
€15,142▼
2023 · €48,497
Income taxes
€2,311▲
2023 · €870
Staff costs
€7,120▼
2023 · €29,702
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 | - | €32,883 | €36,902 | €29,702 | €7,120 | ▼ 76.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,448 | €3,973 | €3,973 | €3,973 | €4,074 | ▲ 2.5% |
| Other operating charges640/8 | - | €2,392 | €5,196 | €2,308 | €6,379 | ▲ 176% |
| Gross operating margin9900 | €30,129 | €72,085 | €69,581 | €35,845 | €5,625 | ▼ 84.3% |
| Operating profit (loss)9901 | €22,503 | €32,837 | €23,510 | -€138 | -€11,948 | ▼ 8,573% |
| Financial income75/76B | - | €1,988 | €269 | €109 | €251 | ▲ 131% |
| Recurring financial income75 | €1,685 | €1,988 | €269 | €109 | €251 | ▲ 131% |
| Financial charges65/66B | - | €1,243 | €641 | €1,160 | €665 | ▼ 42.7% |
| Recurring financial charges65 | €277 | €1,243 | €641 | €1,160 | €665 | ▼ 42.7% |
| Profit (loss) for the period before taxes9903 | €23,912 | €33,581 | €23,138 | -€1,189 | -€12,362 | ▼ 940% |
| Income taxes67/77 | €4,817 | €9,202 | €5,000 | €870 | €2,311 | ▲ 166% |
| Profit (loss) for the period9904 | €19,095 | €24,379 | €18,139 | -€2,059 | -€14,673 | ▼ 613% |
| Profit (loss) for the period to be appropriated9905 | €19,095 | €24,379 | €18,139 | -€2,059 | -€14,673 | ▼ 613% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €75,600 | €110,063 | €124,703 | €143,158 | €92,190 | ▼ 35.6% |
| Fixed assets21/28 | €19,448 | €15,475 | €11,502 | €7,529 | €4,976 | ▼ 33.9% |
| Tangible fixed assets22/27 | €19,448 | €15,475 | €11,502 | €7,529 | €4,976 | ▼ 33.9% |
| Plant, machinery and equipment23 | - | €1,712 | €1,467 | €1,223 | €2,398 | ▲ 96.1% |
| Furniture and vehicles24 | - | €13,763 | €10,035 | €6,306 | €2,577 | ▼ 59.1% |
| Current assets29/58 | €56,152 | €94,588 | €113,201 | €135,630 | €87,214 | ▼ 35.7% |
| Stocks and contracts in progress3 | €1,845 | €2,246 | €2,120 | €33,225 | €15,855 | ▼ 52.3% |
| Stocks30/36 | - | €2,246 | €2,120 | €33,225 | €15,855 | ▼ 52.3% |
| Amounts receivable within one year40/41 | €36,088 | €38,823 | €59,116 | €75,040 | €50,272 | ▼ 33.0% |
| Trade receivables40 | - | €30,808 | €58,977 | €63,933 | €33,172 | ▼ 48.1% |
| Other amounts receivable41 | - | €8,015 | €139 | €11,107 | €17,100 | ▲ 54.0% |
| Cash at bank and in hand54/58 | €17,408 | €53,519 | €51,964 | €26,883 | €20,358 | ▼ 24.3% |
| Deferred charges and accrued income490/1 | - | - | - | €482 | €730 | ▲ 51.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €75,600 | €110,063 | €124,703 | €143,158 | €92,190 | ▼ 35.6% |
| Equity10/15 | €51,262 | €75,642 | €93,780 | €91,721 | €77,048 | ▼ 16.0% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €31,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €802 | €55,182 | €73,320 | €71,261 | €56,588 | ▼ 20.6% |
| Amounts payable17/49 | €24,338 | €34,421 | €30,923 | €51,437 | €15,142 | ▼ 70.6% |
| Amounts payable after more than one year17 | €13,084 | €9,778 | €6,398 | €2,940 | - | - |
| Financial debts170/4 | - | €9,778 | €6,398 | €2,940 | - | - |
| Amounts payable within one year42/48 | €11,058 | €24,643 | €24,525 | €48,497 | €15,142 | ▼ 68.8% |
| Current portion of amounts payable after more than one year42 | - | €3,306 | €3,381 | €3,457 | €2,940 | ▼ 14.9% |
| Trade debts44 | €182 | €12,697 | €3,191 | €32,991 | €2,753 | ▼ 91.7% |
| Suppliers440/4 | - | €12,697 | €3,191 | €32,991 | €2,753 | ▼ 91.7% |
| Taxes, remuneration and social security45 | - | €8,640 | €11,509 | €2,187 | €1,530 | ▼ 30.1% |
| Taxes450/3 | - | €6,118 | €5,826 | €1,543 | €1,530 | ▼ 0.8% |
| Remuneration and social security454/9 | - | €2,522 | €5,683 | €644 | - | - |
| Other amounts payable47/48 | - | - | €6,444 | €9,862 | €7,920 | ▼ 19.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,095 | €24,379 | €18,139 | -€2,059 | -€14,673 | ▼ 613% |
| + Depreciation and write-downs630 | €5,448 | €3,973 | €3,973 | €3,973 | €4,074 | ▲ 2.5% |
| Operating cash flow (approximation) | €24,542 | €28,353 | €22,112 | €1,914 | -€10,599 | ▼ 654% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€0 | -€1,521 | ▼ 15,213,200% |
| Change in cash | - | €36,111 | -€1,554 | -€25,082 | -€6,525 | ▲ 74.0% |
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
23-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 115 days late
2024
31-12
Financial
Weakest financial yearnet -€14,673
Net result drops to -€14,673, the lowest in the series.
31-12
Financial
Liquidity doublescurrent ratio 5.76
Current ratio from 2.80 to 5.76; short-term debt falls from €48,497 to €15,142.
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 23 days late
2023
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 61 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 61 days late
2021
31-12
Financial
Highest result since 2018net €24,379 ▲27.7%
Operating result €32,837, net result €24,379, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 61 days late
2020
10-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €18,601
Net result €18,601 after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 56 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
2016
19-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 141 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Vilvoorde · 1 establishment unit since 2007
Ground area
249 m²
Building footprint
47 m²
Volume, LiDAR
306 m³
Parcel 23645C0085/00B000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FOX SECURITY
since 20072.158.354.522
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23645C0085/00B000 | Flanders | 249 m² | 1 · 47 m² | 8.3 m · 2 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.
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,327. 8,795 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
Founded29-12-2006
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
46643Wholesale of electrical equipment, including installation materials
46649Wholesale of other machinery and equipment
47789Other retail sale of new goods
Contact
E-mail
mullier138@gmail.com
E-mail
mullier.philippe@scarlet.beVilvoorde
Phone
02/751.03.85Vilvoorde
Scores and ratios are computed by Checked and are not a credit decision.