IV & SD SECURITY
Annual accounts 2026
micro format, filed on 28-10-2026, 3 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €1.1m. Estimated: probably between €540,000 and €2.1m.
Balance sheet
balance sheet total €434,993 on 31-03-2026in euro
in euro
Position in the sector
53.4%
Higher than 66% of 13,805 companies in 2025.
2.53
Higher than 67% of 13,186 companies in 2025.
3.5%
Higher than 72% of 13,365 companies in 2025.
Staff
€48,496
Staff costs divided by the average number of full-time equivalents.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||
20/58 |
434,993 | 417,482 | 399,360 | 358,148 | 243,366 | 320,129 | 313,134 | 298,002 | 263,424 | 254,274 | 171,908 | 171,609 | 175,597 | 180,640 | 153,059 | 136,838 | 103,164 | 98,183 | 99,436 | |
21/28 |
178,039 | 137,896 | 163,209 | 44,503 | 49,732 | 68,892 | 66,265 | 96,885 | 85,796 | 111,688 | 70,265 | 65,529 | 64,698 | 68,780 | 86,471 | 50,727 | 40,668 | 40,872 | 61,358 | |
21 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 1,583 | 3,431 | 793 | 1,321 | 1,849 | |
22/27 |
178,039 | 137,896 | 163,209 | 44,503 | 49,732 | 68,892 | 66,265 | 96,885 | 85,796 | 111,688 | 70,265 | 65,529 | 64,698 | 68,780 | 84,888 | 47,296 | 39,875 | 39,551 | 59,508 | |
23 |
4,469 | 3,107 | 2,185 | 5,813 | 9,440 | 13,194 | 14,295 | 17,902 | 22,669 | 26,807 | 28,862 | 24,578 | 6,557 | 8,070 | 9,582 | 11,824 | 13,701 | 3,714 | 12,787 | |
24 |
167,967 | 133,169 | 159,129 | 36,521 | 37,848 | 54,730 | 51,573 | 78,189 | 61,936 | 83,294 | 39,419 | 38,571 | 55,363 | 57,535 | 75,306 | 35,473 | 26,175 | 35,837 | 46,721 | |
26 |
5,603 | 1,621 | 1,895 | 2,169 | 2,443 | 968 | 397 | 794 | 1,190 | 1,587 | 1,984 | 2,381 | 2,778 | 3,175 | - | - | - | - | - | |
29/58 |
256,954 | 279,586 | 236,151 | 313,646 | 193,634 | 251,237 | 246,869 | 201,117 | 177,628 | 142,586 | 101,643 | 106,080 | 110,899 | 111,861 | 66,588 | 86,111 | 62,496 | 57,311 | 38,079 | |
3 |
14,824 | 15,915 | 17,200 | 19,391 | 21,694 | 20,165 | 16,848 | 17,584 | 16,192 | 19,760 | 20,146 | 35,279 | 10,780 | 25,998 | 10,814 | 10,102 | 2,169 | 1,983 | 1,203 | |
30/36 |
14,824 | 15,915 | 17,200 | 19,391 | 21,694 | 20,165 | 16,848 | 17,584 | 16,192 | 19,760 | 20,146 | 35,279 | 10,780 | 25,998 | 10,814 | 10,102 | 2,169 | 1,983 | 1,203 | |
40/41 |
99,940 | 71,823 | 67,750 | 72,682 | 83,694 | 58,783 | 85,062 | 60,913 | 58,411 | 67,715 | 30,014 | 49,427 | 52,115 | 62,630 | 25,819 | 50,937 | 41,438 | 41,021 | 23,452 | |
40 |
78,953 | 64,606 | 63,066 | 63,926 | 78,296 | 47,456 | 76,554 | 45,412 | 54,925 | 49,751 | 27,924 | 42,856 | 49,684 | 53,711 | 21,046 | 49,667 | 34,882 | 34,495 | 18,148 | |
41 |
20,987 | 7,217 | 4,684 | 8,756 | 5,398 | 11,328 | 8,509 | 15,501 | 3,486 | 17,964 | 2,091 | 6,571 | 2,430 | 8,919 | 4,773 | 1,270 | 6,557 | 6,526 | 5,304 | |
54/58 |
126,004 | 179,216 | 139,239 | 213,603 | 81,346 | 161,405 | 129,787 | 107,195 | 103,025 | 55,111 | 51,482 | 17,674 | 48,004 | 23,233 | 29,955 | 25,072 | 18,890 | 14,306 | 10,316 | |
490/1 |
16,186 | 12,632 | 11,962 | 7,969 | 6,900 | 10,884 | 15,172 | 15,426 | - | - | - | 3,700 | - | - | - | - | - | - | 3,108 | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||
10/49 |
434,993 | 417,482 | 399,360 | 358,148 | 243,366 | 320,129 | 313,134 | 298,002 | 263,424 | 254,274 | 171,908 | 171,609 | 175,597 | 180,640 | 153,059 | 136,838 | 103,164 | 98,183 | 99,436 | |
10/15 |
232,170 | 249,790 | 214,567 | 192,580 | 171,201 | 216,503 | 192,660 | 159,986 | 133,070 | 101,230 | 90,045 | 89,636 | 86,424 | 36,958 | 47,471 | 35,388 | 15,782 | 12,605 | 12,295 | |
10/11 |
10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | - | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | |
100 |
- | - | - | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | - | 8,600 | 8,600 | 8,600 | 8,600 | 8,600 | 8,600 | 8,600 | 8,600 | 8,600 | 8,600 | 8,600 | 8,600 | |
11 |
- | - | - | - | - | - | 10,000 | - | - | - | - | - | - | - | - | - | - | - | - | |
1100/10 |
- | - | - | - | - | - | 10,000 | - | - | - | - | - | - | - | - | - | - | - | - | |
13 |
200,022 | 217,642 | 182,419 | 160,432 | 139,053 | 184,356 | 160,512 | 127,838 | 113,838 | 81,998 | 70,813 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,000 | |
130/1 |
- | - | - | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,000 | |
1311 |
- | - | - | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1319 |
- | - | - | - | - | - | 1,860 | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
200,022 | 217,642 | 182,419 | 158,572 | 137,193 | 182,496 | 158,652 | 125,978 | 111,978 | 80,138 | 68,953 | - | - | - | - | - | - | - | - | |
14 |
22,148 | 22,148 | 22,148 | 22,148 | 22,148 | 22,148 | 22,148 | 22,148 | 9,232 | 9,232 | 9,232 | 77,776 | 74,564 | 25,098 | 35,611 | 23,528 | 3,922 | 745 | 1,295 | |
17/49 |
202,823 | 167,692 | 184,793 | 165,569 | 72,165 | 103,626 | 120,474 | 138,016 | 130,353 | 153,044 | 81,863 | 81,973 | 89,173 | 143,682 | 105,589 | 101,451 | 87,382 | 85,578 | 87,141 | |
17 |
72,523 | 63,615 | 97,854 | 66,222 | 20,838 | 33,718 | 60,836 | 60,836 | 47,872 | 74,539 | 35,684 | 29,808 | 42,390 | 47,970 | 71,994 | 37,498 | 23,077 | 28,995 | 44,930 | |
170/4 |
72,523 | 63,615 | 97,854 | 66,222 | 20,838 | 33,718 | 60,836 | 60,836 | 47,872 | 74,539 | 35,684 | 29,808 | 42,390 | 47,970 | 71,994 | 37,498 | 23,077 | 28,995 | 44,930 | |
42/48 |
101,564 | 104,078 | 86,939 | 99,347 | 51,327 | 69,907 | 59,638 | 77,180 | 82,482 | 78,505 | 46,180 | 52,165 | 46,784 | 95,712 | 33,595 | 63,953 | 64,305 | 56,583 | 42,211 | |
42 |
47,162 | 34,239 | 38,006 | 31,519 | 12,880 | 26,310 | - | 26,784 | 26,667 | 29,691 | 23,697 | 20,775 | 21,460 | 24,024 | 24,554 | 12,725 | 17,306 | 15,935 | 15,010 | |
44 |
14,828 | 36,199 | 15,166 | 37,447 | 19,787 | 18,664 | 26,107 | 24,663 | 22,298 | 29,129 | 5,409 | 23,778 | 14,404 | 36,891 | 7,837 | 29,281 | 25,114 | 33,784 | 22,347 | |
440/4 |
14,828 | 36,199 | 15,166 | 37,447 | 19,787 | 18,664 | 26,107 | 24,663 | 22,298 | 29,129 | 5,409 | 23,778 | 14,404 | 36,891 | 7,837 | 29,281 | 25,114 | 33,784 | 22,347 | |
45 |
39,574 | 33,639 | 33,767 | 30,381 | 18,595 | 24,933 | 33,442 | 25,644 | 33,502 | 19,447 | 17,065 | 7,602 | 10,911 | 11,955 | 651 | 14,959 | 7,885 | 6,864 | 4,194 | |
450/3 |
2,074 | 941 | 2,033 | 231 | 1,827 | 231 | 6,760 | - | 8,303 | 551 | 1,455 | 50 | 769 | 9,693 | 424 | 8,613 | 5,818 | 4,965 | 4,194 | |
454/9 |
37,500 | 32,697 | 31,733 | 30,149 | 16,768 | 24,702 | 26,682 | 25,644 | 25,199 | 18,897 | 15,609 | 7,552 | 10,142 | 2,262 | 227 | 6,346 | 2,067 | 1,899 | - | |
47/48 |
0 | 0 | 0 | - | 64 | - | 89 | 89 | 14 | 238 | 10 | 10 | 10 | 22,843 | 553 | 6,988 | 14,000 | - | 660 | |
492/3 |
28,736 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Income statement | ||||||||||||||||||||
76A |
5,826 | - | 2,250 | 250 | - | 250 | 1,000 | - | 3,306 | - | - | - | - | - | - | - | - | 1,805 | - | |
9900 |
224,681 | 263,244 | 250,754 | 200,793 | 182,966 | 160,034 | 194,432 | 176,452 | 192,197 | 143,650 | 118,079 | 115,878 | 158,648 | 81,334 | 76,253 | 76,421 | 59,450 | 39,329 | 35,901 | |
62 |
145,487 | 141,113 | 137,409 | 125,402 | 120,500 | 91,674 | 107,630 | 100,713 | 103,204 | 85,698 | 72,817 | 76,226 | 42,131 | 21,628 | 15,147 | 16,686 | 15,804 | 14,562 | 1,808 | |
630 |
50,369 | 46,765 | 35,301 | 26,588 | 24,815 | 34,022 | 37,150 | 38,286 | 36,517 | 36,077 | 27,666 | 29,653 | 25,619 | 25,582 | 27,940 | 20,901 | 16,908 | 14,711 | 22,614 | |
631/4 |
- | - | - | - | - | - | - | - | -501 | - | 501 | - | - | - | - | - | - | - | - | |
640/8 |
1,384 | 1,735 | 799 | 871 | 1,444 | 1,205 | 1,050 | 464 | 869 | 882 | 581 | 756 | 404 | 263 | 1,066 | 1,121 | 1,248 | 3,325 | 1,181 | |
66A |
800 | - | - | 368 | - | - | - | - | - | - | 2,500 | - | 14,247 | 416 | 8,009 | 1,785 | - | - | - | |
9901 |
26,642 | 73,632 | 77,245 | 47,564 | 36,207 | 33,133 | 48,602 | 36,990 | 52,107 | 20,993 | 16,513 | 9,242 | 90,494 | 33,862 | 32,100 | 37,713 | 25,490 | 6,731 | 10,298 | |
75/76B |
309 | 217 | 190 | 72 | 71 | 30 | 160 | 35 | 54 | 115 | 116 | 59 | 90 | 450 | 172 | 249 | 434 | 118 | 84 | |
75 |
309 | 217 | 190 | 72 | 71 | 30 | 160 | 35 | 54 | 115 | 116 | 59 | 90 | 450 | 172 | 249 | 434 | 118 | 84 | |
65/66B |
4,008 | 3,888 | 2,776 | 2,125 | 1,916 | 1,263 | 1,415 | 1,926 | 2,015 | 2,371 | 2,370 | 3,035 | 3,566 | 4,279 | 3,199 | 3,623 | 2,987 | 3,426 | 5,370 | |
65 |
4,008 | 3,888 | 2,776 | 2,125 | 1,916 | 1,263 | 1,415 | 1,926 | 2,015 | 2,371 | 2,370 | 3,035 | 3,566 | 4,279 | 3,199 | 3,623 | 2,987 | 3,426 | 5,370 | |
9903 |
22,943 | 69,962 | 74,658 | 45,512 | 34,362 | 31,900 | 47,347 | 35,099 | 50,146 | 18,737 | 11,759 | 6,265 | 72,771 | 29,617 | 21,063 | 32,554 | 22,937 | 5,229 | 5,012 | |
67/77 |
7,890 | 20,739 | 20,831 | 12,948 | 10,712 | 8,056 | 14,674 | 8,183 | 18,306 | 7,551 | 11,351 | 3,053 | 23,306 | 10,130 | 8,980 | 12,948 | 5,760 | 4,919 | 2,717 | |
9904 |
15,053 | 49,223 | 53,828 | 32,564 | 23,650 | 23,844 | 32,674 | 26,916 | 31,840 | 11,185 | 408 | 3,213 | 49,465 | 19,487 | 12,083 | 19,606 | 17,177 | 310 | 2,295 | |
9905 |
15,053 | 49,223 | 53,828 | 32,564 | 23,650 | 23,844 | 32,674 | 26,916 | 31,840 | 11,185 | 408 | 3,213 | 49,465 | 19,487 | 12,083 | 19,606 | 17,177 | 310 | 2,295 | |
| Appropriation of the result | ||||||||||||||||||||
9906 |
37,201 | 71,371 | 75,976 | 54,712 | 45,798 | 45,992 | 54,821 | 36,148 | 41,072 | 20,417 | 78,185 | 77,776 | 74,564 | 55,098 | 35,611 | 23,528 | 17,922 | 1,605 | 2,295 | |
14P |
22,148 | 22,148 | 22,148 | 22,148 | 22,148 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
32,674 | 14,000 | 31,840 | 11,185 | 68,953 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
15,053 | 49,223 | 53,828 | 32,564 | 23,650 | 23,844 | 32,674 | 14,000 | 31,840 | 11,185 | 68,953 | - | - | - | - | - | - | 860 | 1,000 | |
6920 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 860 | 1,000 | |
6921 |
15,053 | 49,223 | 53,828 | 32,564 | 23,650 | 23,844 | 32,674 | 14,000 | 31,840 | 11,185 | 68,953 | - | - | - | - | - | - | - | - | |
694/7 |
32,674 | 14,000 | 31,840 | 11,185 | 68,953 | - | - | - | - | - | - | - | - | 30,000 | - | - | 14,000 | - | - | |
694 |
32,674 | 14,000 | 31,840 | 11,185 | 68,953 | - | - | - | - | - | - | - | - | 30,000 | - | - | - | - | - | |
695 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 14,000 | - | - | |
| Social balance sheet | ||||||||||||||||||||
9087 |
3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 2.3 | 2 | 2 | 1 | 0.7 | 0.5 | 0.5 | 0.5 | 0.5 | 0.1 | |
Hours worked1013 |
5,316 | 5,208 | 5,194 | 5,362 | 5,358 | 4,044 | 5,356 | 5,206 | 5,414 | 4,152 | 3,490 | 3,490 | 1,856 | 1,344 | 984 | 980 | 952 | 928 | 168 | |
| Document | ||||||||||||||||||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2026 at the NBB, filed on 28-10-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 28-10-2026 | 2026-00570648 | |
| 31-03-2025 | micro format | 24-10-2025 | 2025-00548538 | |
| 31-03-2024 | micro format | 27-10-2024 | 2024-00515358 | |
| 31-03-2023 | micro format | 03-10-2023 | 2023-00466122 | |
| 31-03-2022 | micro format | 30-09-2022 | 2022-20441115 | |
| 31-03-2021 | micro format | 03-11-2021 | 2021-76200547 | |
| 31-03-2020 | micro format | 25-10-2020 | 2020-63500030 | |
| 31-03-2019 | micro format | 22-10-2019 | 2019-71100442 | |
| 31-03-2018 | micro format | 13-10-2018 | 2018-69400503 | |
| 31-03-2017 | micro format | 17-10-2017 | 2017-67300506 | |
| 31-03-2016 | abbreviated format | 07-10-2016 | 2016-65100582 | |
| 31-03-2015 | abbreviated format | 30-09-2015 | 2015-62300579 | |
| 31-03-2014 | abbreviated format | 30-09-2014 | 2014-62000303 | |
| 31-03-2013 | abbreviated format | 30-08-2013 | 2013-54400585 | |
| 31-03-2012 | abbreviated format | 08-10-2012 | 2012-60500565 | |
| 31-03-2011 | abbreviated format | 09-11-2011 | 2011-60400186 | |
| 31-03-2010 | abbreviated format | 24-11-2010 | 2010-61500395 | |
| 31-03-2009 | abbreviated format | 28-10-2009 | 2009-83300264 | |
| 31-03-2008 | abbreviated format | 28-11-2008 | 2008-83600141 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 77,011 | 120,397 | 112,546 | 74,152 | 61,022 | 67,155 | 85,752 | 75,276 | 88,625 | 57,069 | 44,180 | 38,895 | 116,113 | 59,444 | 60,040 | 58,615 | 42,397 | 21,442 | 32,912 | ||
| 65,422 | 95,988 | 89,129 | 59,152 | 48,466 | 57,866 | 69,824 | 65,201 | 68,358 | 47,262 | 28,075 | 32,866 | 75,085 | 45,069 | 40,023 | 40,507 | 34,085 | 15,021 | 24,909 | ||
| 94,576 | 21,453 | 154,007 | 21,727 | 5,656 | 36,649 | 6,530 | 49,374 | 10,625 | 77,499 | 35,403 | 30,484 | 39,573 | 8,307 | 96,623 | 40,097 | 16,703 | 4,455 | 83,971 | ||
| -53,212 | 39,976 | -74,364 | 132,257 | -80,059 | 31,619 | 22,592 | 4,170 | 47,914 | 3,628 | 33,809 | -30,330 | 24,771 | -6,722 | 4,882 | 6,182 | 4,584 | 3,990 | - | ||
| 155,390 | 175,508 | 149,212 | 214,299 | 142,307 | 181,330 | 187,231 | 123,938 | 95,146 | 64,081 | 55,463 | 53,915 | 64,115 | 16,148 | 32,993 | 22,158 | -1,809 | 728 | -4,133 | ||
| 53.4% | 59.8% | 53.7% | 53.8% | 70.3% | 67.6% | 61.5% | 53.7% | 50.5% | 39.8% | 52.4% | 52.2% | 49.2% | 20.5% | 31.0% | 25.9% | 15.3% | 12.8% | 12.4% | ||
| 2.53 | 2.69 | 2.72 | 3.16 | 3.77 | 3.59 | 4.14 | 2.61 | 2.15 | 1.82 | 2.20 | 2.03 | 2.37 | 1.17 | 1.98 | 1.35 | 0.97 | 1.01 | 0.90 | ||
| 2.38 | 2.53 | 2.52 | 2.96 | 3.35 | 3.31 | 3.86 | 2.38 | 1.96 | 1.56 | 1.76 | 1.36 | 2.14 | 0.90 | 1.66 | 1.19 | 0.94 | 0.98 | 0.87 | ||
| 0.87 | 0.67 | 0.86 | 0.86 | 0.42 | 0.48 | 0.63 | 0.86 | 0.98 | 1.51 | 0.91 | 0.91 | 1.03 | 3.89 | 2.22 | 2.87 | 5.54 | 6.79 | 7.09 | ||
| 6.5% | 19.7% | 25.1% | 16.9% | 13.8% | 11.0% | 17.0% | 16.8% | 23.9% | 11.0% | 0.5% | 3.6% | 57.2% | 52.7% | 25.5% | 55.4% | 108.8% | 2.5% | 18.7% | ||
| 3.5% | 11.8% | 13.5% | 9.1% | 9.7% | 7.4% | 10.4% | 9.0% | 12.1% | 4.4% | 0.2% | 1.9% | 28.2% | 10.8% | 7.9% | 14.3% | 16.7% | 0.3% | 2.3% | ||
| 19.21 | 30.97 | 40.54 | 34.90 | 31.85 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-03-2026 | 31-03-2025 | 31-03-2024 | 31-03-2023 | 31-03-2022 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 3 | 3 | 3 | 3 | 3 |
| full-time | 3 | 3 | 3 | 3 | 3 |
| in full-time equivalents | 3 | 3 | 3 | 3 | 3 |
| 3 | 3 | 3 | 3 | 3 | |
| On a permanent contract | 3 | 3 | 3 | 3 | 3 |
Source: social balance sheet in the 2022 to 2026 annual accounts
Investments
fixed assets acquired| Item | 31-03-2026 | 31-03-2025 | 31-03-2024 | 31-03-2023 | 31-03-2022 |
|---|---|---|---|---|---|
| Tangible fixed assets | €94,576 | €21,453 | €154,007 | €21,727 | €5,656 |
| €50,369 | €46,765 | €35,301 | €26,588 | €24,815 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Insights on IV & SD SECURITY
The operating result for 2026 is 64% lower than in 2025 and the lowest since 2017. It is the second fall in a row.
Debt's share of the balance-sheet total rises from 40.2% to 46.6%. Equity is lower and debt is higher.