Persistent Security Industries
ActiveSummary
Persistent Security Industries has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.5m and a net result of €94,425. Equity is growing by about 54% per year across the filed financial years. Its solvency ranks better than 95% of 3,385 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Staff
- 1.9 FTE
- Equity
- €1.5m
- Profit
- €94,425
- Parent
- Phantasma ex Machina · 51.1%
- Phantasma ex Machina SRLChair · permanent representative Markus Vervier
- De Decker BabetteDirector
- Wicherski Holding GmbHDirector · permanent representative Georg Wicherski
Why 94raises riskLast filed accounts filed 41 days late; 1 of the last 3 latelowers riskSector: Computer programming, consultancy and related activities (NACE 62)Equity €1.5m (96.7% of total assets)Liquidity: current ratio 9.33, cash €171,710, halvedShow the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 62, micro): better than 85% on solvency, 47% on liquidity, 35% on profitability and 53% on growth.
The bankruptcy probability was computed on 31-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 3 accounts on average 14 days after the deadline; the sector median (NACE 62) for financial year 2024 is 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- VerschiedenesCapital increase · Correction
- Back to profitnet €94,425
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (41 days) Filed on 10 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00510045.
2023 to 2025, 3 financial years
The operating result returns to profit in 2025: €94,694 after a loss of €505,992 in 2024, the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 62, Computer programming, consultancy and related activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
- 2024 Net result -1,261% on 2023. The accounts now follow the full format, last year the micro format.
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.9% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a lower bankruptcy probability: 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 39,278 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €86,016 | €329,020 | €405,905 | ▲ 23.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29,009 | €137,516 | €233,524 | ▲ 69.8% |
| Other operating charges640/8 | €1,623 | €704 | €894 | ▲ 27.0% |
| Gross operating margin9900 | €131,697 | -€38,752 | €735,017 | - |
| Operating profit (loss)9901 | €15,049 | -€505,992 | €94,694 | - |
| Financial income75/76B | €42 | €0 | €681 | - |
| Recurring financial income75 | €42 | €0 | €681 | - |
| Financial charges65/66B | €57,149 | €69,271 | €705 | ▼ 99.0% |
| Recurring financial charges65 | €57,149 | €69,271 | €705 | ▼ 99.0% |
| Profit (loss) for the period before taxes9903 | -€42,057 | -€575,263 | €94,670 | - |
| Income taxes67/77 | €230 | €230 | €246 | ▲ 6.8% |
| Profit (loss) for the period9904 | -€42,287 | -€575,493 | €94,425 | - |
| Profit (loss) for the period to be appropriated9905 | -€42,287 | -€575,493 | €94,425 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €1.0m | €1.4m | €1.5m | ▲ 5.1% |
| Formation expenses20 | €0.002m | €0.001m | €0.001m | ▼ 38.1% |
| Fixed assets21/28 | €0.6m | €0.7m | €1.1m | ▲ 52.1% |
| Intangible fixed assets21 | €0.6m | €0.6m | €1.0m | ▲ 60.7% |
| Tangible fixed assets22/27 | €0.07m | €0.05m | €0.03m | ▼ 42.9% |
| Furniture and vehicles24 | €0.07m | €0.05m | €0.03m | ▼ 42.9% |
| Financial fixed assets28 | €0.01m | €0.01m | €0.01m | = |
| Current assets29/58 | €0.4m | €0.8m | €0.5m | ▼ 38.2% |
| Amounts receivable within one year40/41 | €0.1m | €0.1m | €0.3m | ▲ 125% |
| Trade receivables40 | €0.08m | €0.1m | €0.3m | ▲ 145% |
| Other amounts receivable41 | €0.02m | €0.01m | €0.004m | ▼ 68.3% |
| Cash at bank and in hand54/58 | €0.3m | €0.6m | €0.2m | ▼ 72.3% |
| Deferred charges and accrued income490/1 | €0.002m | €0.002m | €0.002m | ▼ 34.4% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €1.0m | €1.4m | €1.5m | ▲ 5.1% |
| Equity10/15 | -€0.02m | €1.4m | €1.5m | ▲ 6.9% |
| Contributions10/11 | €0.02m | €2.0m | €2.0m | = |
| Profit (loss) carried forward14 | -€0.04m | -€0.6m | -€0.5m | ▲ 15.3% |
| Amounts payable17/49 | €1.0m | €0.07m | €0.05m | ▼ 29.3% |
| Amounts payable after more than one year17 | €0.9m | €0 | - | - |
| Financial debts170/4 | €0.9m | €0 | - | - |
| Amounts payable within one year42/48 | €0.09m | €0.07m | €0.05m | ▼ 29.3% |
| Trade debts44 | €0.07m | €0.04m | €0.02m | ▼ 56.9% |
| Suppliers440/4 | €0.07m | €0.04m | €0.02m | ▼ 56.9% |
| Taxes, remuneration and social security45 | €0.01m | €0.03m | €0.03m | ▲ 9.3% |
| Taxes450/3 | €230 | €460 | €246 | ▼ 46.6% |
| Remuneration and social security454/9 | €0.01m | €0.03m | €0.03m | ▲ 10.2% |
| Other amounts payable47/48 | €0.005m | €0.005m | €0.003m | ▼ 43.7% |
| Accrued charges and deferred income492/3 | €0.05m | €0 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€42,287 | -€575,493 | €94,425 | - |
| + Depreciation and write-downs630 | €29,009 | €137,516 | €233,524 | ▲ 69.8% |
| Operating cash flow (approximation) | -€13,278 | -€437,977 | €327,949 | - |
| Investment in fixed assets (approximation) | - | -€191,915 | -€594,976 | ▼ 210% |
| Change in cash | - | €338,243 | -€448,447 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 10-09-2026 | 2026-00510045 |
| 31-12-2024 | full format | 18-08-2025 | 2025-00383648 |
| 31-12-2023 | micro format | 15-07-2024 | 2024-00250334 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 3
Day-to-day management 1
Permanent representatives 2
Mandate history
- Board
- Day-to-day management
| Name | Functions and periods |
|---|---|
| Phantasma ex Machina SRL |
|
| De Decker Babette |
|
| Wicherski Holding GmbH |
|
Owners and capital
Owners
2 ownersChain of control
- Phantasma ex Machina
- Persistent Security Industries
Highest known parent: Phantasma ex Machina. The sources do not say who stands above it.
Owners 2
-
51.1%
- Wicherski Holding GmbHDESourceown accounts 2024share not stated
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- Phantasma ex Machina (BE 0789.726.092) 18,000 shares (100%) · €18,000 in cash
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 12-02-2026 Capital increase of €950,000 · 2,761 new shares · in cash
- 08-08-2024 Capital increase of €1,026,113.08 · 3,694 new shares
- 08-08-2024 Capital increase of €950,000 · 2,761 new shares
- 22-08-2022 Incorporation · €18,000 · 18,000 shares
Group and network
Connections & network
3 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Persistent Security Industries was incorporated on 18 August 2022 as a private limited company by Phantasma ex Machina, with a starting capital of €18,000.12 Between 2024 and 2026 the capital was increased 2 times.34 The board currently has 3 members; Phantasma ex Machina SRL has served longest, since 2022.5 Total assets rose from €1.0m in 2023 to €1.5m in 2025 and headcount from 1 to 1.9 full-time equivalents.6
Acts, filings and financial milestones
12-02
Gazette deed
VerschiedenesCapital increase · Correction2 facts ▸
- Capital increase, €950,000
- Correction, “prix d'émission des actions émises lors de la deuxième augmentation des capitaux propres”, EUR (deed in German)
10-06
Gazette deed
VerschiedenesFinancial instrument · Capital increase5 facts ▸
- Financial instrument, “Plan”, 2720 (deed in German)
- Financial instrument, 2720, “issue” (deed in German)
- Financial instrument, “confirmation, droits de souscription” (deed in German)
- Capital increase, “multiplication du nombre de droits d'inscription exercés avec le prix d'exercice des droits de souscription” (deed in German)
- Other provision, “Teil B Ausfertigung, die nach Hinterlegung der Urkunde bei der Kanzlei in den Anlagen zum Belgischen Staatsblatt zu veröffentlichen ist” (deed in German)
18-09
Gazette deed
Appointment: Phantasma ex Machina SRL (chair of the board)Permanent representative: Markus Vervier4 facts ▸
- Board meeting, 05-08-2024
- Director appointment, Phantasma ex Machina SRL (chair of the board)
- Permanent representative, Markus Vervier
- Director appointment, Phantasma ex Machina SRL (personne chargée de la gestion journalière)
08-08
Gazette deed
Appointments: Wicherski Holding GmbH (director) and De Decker Babette (director)Permanent representative: Georg Wicherski · Financial instrument · Capital increase9 facts ▸
- Financial instrument, 3176, “suppression” (deed in German)
- Capital increase, €1,026,113.08
- Capital increase, €950,000
- Bank account, “Société”, EUR (deed in German)
- Amendment of the articles (2 times)
- Director appointment, Wicherski Holding GmbH (director)
- Director appointment, De Decker Babette (director)
- Permanent representative, Georg Wicherski
- Other provision, “Ausfertigung, Teil B” (deed in German)
01-09
Gazette deed
Satzungen (Uebersetzung, Koordination, Andere Aenderungen, )Financial instrument · Power of attorney3 facts ▸
- Financial instrument, “plan d’émission de droits de souscription”, 3176 (deed in German)
- Power of attorney
- Other provision, “NameUnterschrift, TeilB” (deed in German)
22-08
Gazette deed
IncorporationAppointment: Phantasma ex Machina (sole director) · Permanent representative: Markus Vervier · Founder8 facts ▸
- Incorporation, “société à responsabilité limitée, Persistent Security Industries” (deed in German)
- Founder, Phantasma ex Machina
- Registered office clause, “Rathausplatz 5, 4700 Eupen” (deed in German)
- Founding capital, €18,000
- Bank account, “société à constituer, compte spécial” (deed in German)
- Pre-incorporation commitments, “takeover, toutes les opérations effectuées en son nom” (deed in German)
- Director appointment, Phantasma ex Machina (sole director)
- Permanent representative, Markus Vervier
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 31 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 63023F0096/00K000 | Wallonia | 535 m² | 1 · 205 m² | 15.8 m · 5 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Fournir des conseils et des orientations à toutes les sociétés,entreprises,entités et institutions publiques concernant le traitement de…” (deed in German)
8 activities (deed in German)
- Fournir des conseils et des orientations à toutes les sociétés,entreprises,entités et institutions publiques concernant le traitement de l'information,les technologies de l'information et les technologies connexes
- La commercialisation de produits informatiques
- La recherche et le développement de logiciels innovants pour la (cyber)sécurité
- L'achat et la vente,l'importation et l'exportation,la recherche et le développement de matériel et de logiciels informatiques et d'accessoires,y compris l'acquisition ou la concession d'œuvres protégées par le droit d'auteur et le transfert ou la concession ou la concession de licences du droit d'auteur sur ces œuvres
- Elle pourra exercer toutes activités commerciales,industrielles et financières et toutes opérations immobilières et mobilières,se référant directement ou indirectement à son objet ou à ces activités qui lui permettront de bénéficier de son développement
- La société pourra diriger et contrôler,en sa qualité d'administrateur,de liquidateur ou autrement,et conseiller les sociétés et filiales liées
- La société pourra,par voie d'apport en numéraire ou en nature,de fusion,de souscription,de participation,d'intervention financière ou autrement,prendre des intérêts dans d'autres sociétés ou entreprises existantes ou à constituer,en Belgique ou à l'étranger,dont l'objet est connexe ou analogue au sien ou par nature à favoriser son objet
- Elle peut également accorder ou garantir tous prêts accordés par des tiers à des sociétés liées
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Two directors jointlydeed of 08-08-2024
- Board ruleHow the board is made up, meets and takes decisions.
- “Personnes physiques ou morales, administration et nomination” (deed in German)“Représentant permanent et pouvoir de gestion, actes pour lesquels,seule l’assemblée générale est compétente conformément à la loi” (deed in German)“Rémunération et durée du mandat, limitée ou illimitée” (deed in German)3 more provisions on this in the deeddeed of 22-08-2022
- Power of attorneyA special mandate allowing someone to perform one or more acts on the company's behalf.
- One provision in the deeddeed of 10-06-2025
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Thursday of May at 12:00
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one.
- No statutory auditor