Equity
€9,060 from €87,504 in 2023
Equity fell by 90% in 2 years.
HD SECURITY
Lifetime
5 annual accounts with figures on one time axispeak €84,455 (2025)
€84,455▲ 16.3%
peak €40,202 (2022)
€36,494▲ 45.6%
peak €87,504 (2023)
€9,060▼ 59.9%
€206,254▼ 11.1%
Board1 name since 2021
1 directorDEGAUQUIER Hervé
Documentsfilings and deeds
29-06-202632 days before the deadline
2025micro format
Gross margin from €72,591 to €84,455Result from €25,062 to €36,494Dividend €50,000Equity from €22,566 to €9,060Cash from €89,054 to €53,351
Key points
from the 2025 annual accountsTurnover
≈ €330,000 estimated
The micro format states no turnover.
Debts
€206,254 96% of the balance sheet
Financial debts 41%Suppliers 1%Taxes and wages 1%Other 57%
Of this, €124,907 falls due within a year.
Staff
1 employees on 31-12-2025
In 2025, 1 person joined and 1 left.
Filings
5 annual accounts since 2021
The last five annual accounts were filed 14 to 45 days before the end of the period.
Position in the sector
4.2%
Lower solvency than 89% of companies in specialised construction. Sector median 46.7% · 35,136 companies.
Checked score
65
Healthy
Financially stronger than 35% of micro companies in specialised construction (NACE 43)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024lowest value
02-2025: 0.2%● unchanged vs 01-2025lowest value
03-2025: 0.2%● unchanged vs 02-2025lowest value
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.3%▲ +0.1 percentage points vs 06-2025
08-2025: 0.9%▲ +0.6 percentage points vs 07-2025
09-2025: 0.9%● unchanged vs 08-2025
10-2025: 0.9%● unchanged vs 09-2025
11-2025: 0.9%● unchanged vs 10-2025
12-2025: 0.9%● unchanged vs 11-2025
01-2026: 0.9%● unchanged vs 12-2025
02-2026: 0.9%● unchanged vs 01-2026
03-2026: 0.9%● unchanged vs 02-2026
04-2026: 1.0%▲ +0.1 percentage points vs 03-2026
05-2026: 1.0%● unchanged vs 04-2026
06-2026: 1.0%● unchanged vs 05-2026
07-2026: 1.0%● unchanged vs 06-2026
08-2026: 1.0%● unchanged vs 07-2026
09-2026: 1.0%● unchanged vs 08-2026
10-2026: 1.0%● unchanged vs 09-2026highest value
11-2026: 1.0%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
Equity €9,060 (4.2% of total assets)
Founded in 2021
Sector: Specialised construction activities (NACE 43)
lowers risk
Liquidity: current ratio 0.54, cash €53,351
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 10% of them on solvency, 45% on liquidity, 76% on profitability and 7% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 2,153 companies had the same profile as HD SECURITY has now. Each dot stands for 6 companies, two years later.
96.1%
were still trading
2.2%
stopped another way
1.7%
went bankrupt
That fits the bankruptcy probability of HD SECURITY itself: 1.0% within 12 months.
Test of the method
The method was tested on the 497,447 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 2,153 companies, not a prediction for HD 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.
Credit verdict
Credit of up to €500 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.54 (0.84 in 2024), below 1. Short-term debt is 58% and cash 24.8% of total assets. 95.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 35136 sector peers (2025).
NBB · sector comparisonPosition among 35136 sector peers
Solvency
better than 11%
← weakest
strongest →
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 29-06-2026, 32 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
32 days early
2024
29 days early
2023
14 days early
2022
31 days early
2021
45 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 30 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)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0762648048
Security firm approval (alarm systems) granted
Decision of 23-04-2021, published on 01-04-2022
Incorporation
Founding capital of €4,000, 100 shares · Founder: DEGAUQUIER Hervé · Appointment: DEGAUQUIER Hervé (director) · published on 01-02-2021 · Gazette deed
First establishment
Rue du Joncquois 38, Dour
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| HD SECURITY Dour | €215,314 | €84,455 | 4.2% | - |
| AS TECHNOLOGIES Saint-Ghislain | €187,909 | €84,433 | 21.2% | - |
| ELECTRICOOL Morlanwelz | €235,918 | €88,281 | 32.0% | - |
| DELY PROTEK Tournai | €197,991 | €76,531 | 1.3% | - |
| TMZ Pont-à-Celles | €256,704 | €95,091 | 88.6% | - |
| DIYARLOG Zaventem | €201,420 | €79,909 | 14.4% | - |
| CLIMACOSTA Kraainem | €214,347 | €91,477 | -11.7% | - |
These companies have the same main activity as HD SECURITY: general electrical installation work (NACE 43211). They are comparable in size and age: total assets between €188,000 and €257,000, founded between 2020 and 2021.
Official details
Source: KBO- Status
- Active since 28-01-2021Normal situation
- Activity
- General electrical installation workNACE 43211and 3 others
- Joint committee
- 149.01Electricians: installation and distribution · annual accounts 2025
- Establishment unit
- 2.312.711.3157370 Dour, since 28-01-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 03-12-2025
Annual accounts 2025
- €215,314▼ 15.4%
- Employeeson 31-12-2025
- 1=
- Filing
- Filed on 29-06-2026, 32 days before the end of the filing period
Insights on HD SECURITY
HD SECURITY files the micro format. That format states no turnover. The gross margin rose from €22,363 in 2021 to €84,455 in 2025.
The balance sheet grew most from 2022 to 2024 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about HD SECURITY
- What is the company number of HD SECURITY?
- The company number of HD SECURITY is 0762.648.048. The VAT number is the same number with BE in front: BE 0762.648.048.
- Where is HD SECURITY based?
- The registered office is at Rue du Joncquois 38, 7370 Dour.Company details
- What does HD SECURITY do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of HD SECURITY?
- HD SECURITY is a private limited company (BV).
- When was HD SECURITY founded?
- HD SECURITY was founded on 28-01-2021.
- Is HD SECURITY still active?
- Yes, HD SECURITY is an active enterprise in the KBO register.
- How many employees does HD SECURITY have?
- HD SECURITY had an average of 0.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does HD SECURITY fall under?
- In its 2025 annual accounts, HD SECURITY states joint committee 149.01 (Electricians: installation and distribution).
- What is the turnover of HD SECURITY?
- The turnover in financial year 2025 is ≈ €330,000. This figure is estimated from the gross margin of €84,455 and 40 comparable companies (NACE 43211). It probably lies between €200,000 and €520,000.
- Is HD SECURITY profitable?
- In financial year 2025, HD SECURITY made a profit of €36,494.
- Where can I find the annual accounts of HD SECURITY?
- HD SECURITY filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of HD SECURITY due?
- HD SECURITY must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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