P-Security
ActiveSummary
P-Security has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €28k and a net result of €62k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 23% of 20780 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency56▼-44
Growth58▼-20
Track record94
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.3 against 18.76 in 2023; short-term debt: 68.1% and cash: 70.8% of total assets), and 69.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
30.5%
Return on assets
67.9%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 20780 sector peers (2024).
NBB · sector comparisonPosition among 20780 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-06-2025, 44 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
44 d early
2023
42 d early
2022
32 d early
2021
31 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€28k▼ 82.2%
2023 · €156k
2021: €28k
2022: €89k▲ +213% vs 2021
2023: €156k▲ +75.2% vs 2022highest in 4 years
2024: €28k▼ -82.2% vs 2023lowest in 4 years
2021 → 2024
Total assets
€91k▼ 45.2%
2023 · €166k
2021: €38klowest in 4 years
2022: €102k▲ +169% vs 2021
2023: €166k▲ +62.0% vs 2022highest in 4 years
2024: €91k▼ -45.2% vs 2023
2021 → 2024
Net result
€62k▼ 7.7%
2023 · €67k
2021: €26klowest in 4 years
2022: €61k▲ +133% vs 2021
2023: €67k▲ +10.5% vs 2022highest in 4 years
2024: €62k▼ -7.7% vs 2023
2021 → 2024
Working capital
€19k▼ 87.8%
2023 · €155k
2021: €28k
2022: €87k▲ +204% vs 2021
2023: €155k▲ +79.1% vs 2022highest in 4 years
2024: €19k▼ -87.8% vs 2023lowest in 4 years
2021 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€28k-€89k▲ 213%€156k▲ 75.2%€28k▼ 82.2%
2021: €28k
2022: €89k▲ +213% vs 2021
2023: €156k▲ +75.2% vs 2022highest in 4 years
2024: €28k▼ -82.2% vs 2023lowest in 4 years
Operating result€34k-€78k▲ 127%€86k▲ 10.2%€80k▼ 7.2%
2021: €34klowest in 4 years
2022: €78k▲ +127% vs 2021
2023: €86k▲ +10.2% vs 2022highest in 4 years
2024: €80k▼ -7.2% vs 2023
Net result€26k-€61k▲ 133%€67k▲ 10.5%€62k▼ 7.7%
2021: €26klowest in 4 years
2022: €61k▲ +133% vs 2021
2023: €67k▲ +10.5% vs 2022highest in 4 years
2024: €62k▼ -7.7% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 7% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €91k
Fixed assets
€10k ▲ 397%
Current assets
€81k ▼ 50.7%
Equity and liabilities €91k
Equity
€28k ▼ 82.2%
Debt
€63k ▲ 533%
Debt's share of the balance-sheet total rises from 6.0% to 69.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€83k▼
2023 · €88k
Cash flow
€64k▼
2023 · €69k
Current ratio
1.30▼
2023 · 18.76
Debt to equity
2.27▲
2023 · 0.06
ROE
222.2%▲
2023 · 42.9%
ROA
67.9%▲
2023 · 40.3%
Interest coverage
107.41▲
2023 · 94.79
Debt ≤ 1 year
€62k▲
2023 · €9k
Income taxes
€17k▼
2023 · €18k
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 · 2024 against 2023 · 45 lines
Balance sheet
Code20232024
Assets
Total assets20/58€166k€91k▼
Fixed assets21/28€2k€10k▲
Tangible fixed assets22/27€2k€5k▲
Furniture and vehicles24€2k€3k▲
Other tangible fixed assets26-€2k
Financial fixed assets28-€5k
Current assets29/58€164k€81k▼
Amounts receivable within one year40/41€14k€14k▼
Trade receivables40€14k€14k▲
Other amounts receivable41€199€106▼
Cash at bank and in hand54/58€147k€64k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€166k€91k▼
Equity10/15€156k€28k▼
Contributions10/11€3k€3k=
Reserves13€154k€25k▼
Distributable reserves133€154k€25k▼
Profit (loss) carried forward14-€0
Amounts payable17/49€10k€63k▲
Amounts payable within one year42/48€9k€62k▲
Financial debts43€136€131▼
Credit institutions430/8€136€0▼
Other loans439-€131
Trade debts44€119€138▲
Suppliers440/4€119€138▲
Taxes, remuneration and social security45€8k€11k▲
Taxes450/3€8k€11k▲
Other amounts payable47/48€972€51k▲
Accrued charges and deferred income492/3€1k€1k=
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲
Other operating charges640/8€402€1k▲
Gross operating margin9900€88k€84k▼
Operating profit (loss)9901€86k€80k▼
Financial charges65/66B€926€769▼
Recurring financial charges65€926€769▼
Profit (loss) for the period before taxes9903€85k€79k▼
Income taxes67/77€18k€17k▼
Profit (loss) for the period9904€67k€62k▼
Profit (loss) for the period to be appropriated9905€67k€62k▼
Appropriation of the result
Profit (loss) to be appropriated9906€67k€62k▼
Transfer from equity791/2-€140k
Transfer to equity691/2€67k€12k▼
To other reserves6921€67k€12k▼
Profit to be distributed694/7-€190k
Return on contributions (dividend)694-€190k
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €1k | €2k | €3k | ▲ 62.8% |
| Other operating charges640/8 | €1k | €342 | €402 | €1k | ▲ 185% |
| Gross operating margin9900 | €36k | €80k | €88k | €84k | ▼ 5.1% |
| Operating profit (loss)9901 | €34k | €78k | €86k | €80k | ▼ 7.2% |
| Financial charges65/66B | €767 | €1k | €926 | €769 | ▼ 17.0% |
| Recurring financial charges65 | €767 | €1k | €926 | €769 | ▼ 17.0% |
| Profit (loss) for the period before taxes9903 | €34k | €77k | €85k | €79k | ▼ 7.1% |
| Income taxes67/77 | €8k | €17k | €18k | €17k | ▼ 5.1% |
| Profit (loss) for the period9904 | €26k | €61k | €67k | €62k | ▼ 7.7% |
| Profit (loss) for the period to be appropriated9905 | €26k | €61k | €67k | €62k | ▼ 7.7% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €38k | €102k | €166k | €91k | ▼ 45.2% |
| Fixed assets21/28 | - | €4k | €2k | €10k | ▲ 397% |
| Tangible fixed assets22/27 | - | €4k | €2k | €5k | ▲ 153% |
| Furniture and vehicles24 | - | €4k | €2k | €3k | ▲ 32.2% |
| Other tangible fixed assets26 | - | - | - | €2k | - |
| Financial fixed assets28 | - | - | - | €5k | - |
| Current assets29/58 | €38k | €99k | €164k | €81k | ▼ 50.7% |
| Amounts receivable within one year40/41 | €16k | €17k | €14k | €14k | ▼ 0.4% |
| Trade receivables40 | €16k | €17k | €14k | €14k | ▲ 0.3% |
| Other amounts receivable41 | - | - | €199 | €106 | ▼ 47.1% |
| Cash at bank and in hand54/58 | €20k | €80k | €147k | €64k | ▼ 56.3% |
| Deferred charges and accrued income490/1 | €2k | €2k | €2k | €2k | ▲ 1.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €38k | €102k | €166k | €91k | ▼ 45.2% |
| Equity10/15 | €28k | €89k | €156k | €28k | ▼ 82.2% |
| Contributions10/11 | €3k | €3k | €3k | €3k | = |
| Reserves13 | €26k | €87k | €154k | €25k | ▼ 83.5% |
| Distributable reserves133 | €26k | €87k | €154k | €25k | ▼ 83.5% |
| Profit (loss) carried forward14 | - | - | - | €0 | - |
| Amounts payable17/49 | €10k | €13k | €10k | €63k | ▲ 533% |
| Amounts payable within one year42/48 | €10k | €12k | €9k | €62k | ▲ 609% |
| Financial debts43 | - | - | €136 | €131 | ▼ 3.9% |
| Credit institutions430/8 | - | - | €136 | €0 | ▼ 100% |
| Other loans439 | - | - | - | €131 | - |
| Trade debts44 | €200 | €201 | €119 | €138 | ▲ 16.6% |
| Suppliers440/4 | €200 | €201 | €119 | €138 | ▲ 16.6% |
| Taxes, remuneration and social security45 | €9k | €12k | €8k | €11k | ▲ 48.5% |
| Taxes450/3 | €9k | €12k | €8k | €11k | ▲ 48.5% |
| Other amounts payable47/48 | €305 | €348 | €972 | €51k | ▲ 5,100% |
| Accrued charges and deferred income492/3 | - | €1k | €1k | €1k | = |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26k | €61k | €67k | €62k | ▼ 7.7% |
| + Depreciation and write-downs630 | - | €1k | €2k | €3k | ▲ 62.8% |
| Operating cash flow (approximation) | €26k | €62k | €69k | €64k | ▼ 6.1% |
| Investment in fixed assets (approximation) | - | - | €0 | €-11k | - |
| Change in cash | - | €60k | €68k | €-83k | ▼ 222% |
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
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2021net €67k ▲10.5%
Operating result €86k, net result €67k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 18.76
Current ratio from 8.15 to 18.76; short-term debt falls from €12k to €9k.
31-12
Financial
Equity above €150kEq €156k ▲75.2%
3 profitable years in a row build equity to €156k.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 8.15
Current ratio from 3.96 to 8.15.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
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, Leuven · 1 establishment unit since 2021
Ground area
205 m²
Building footprint
89 m²
Volume, LiDAR
499 m³
Parcel 24126C0029/00H007, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
P-Security
since 20212.314.560.154
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24126C0029/00H007 | Flanders | 205 m² | 1 · 89 m² | 8.8 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 29,993 companies in sector 62200 we hold annual accounts for 18,396. 14,095 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
Founded16-03-2021
Fiscal year end31-12
Activities, NACEBEL 2025
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
Scores and ratios are computed by Checked and are not a credit decision.