SECURE LOCKS
ActiveSummary
SECURE LOCKS has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €52,637 and a net result of -€8,458. Equity is shrinking by about 15% per year across the filed financial years. Its solvency ranks better than 60% of 2,316 sector peers (NACE 25, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Overview
- Equity
- €52,637
- Loss
- -€8,458
- KURI RatmirDirector
Why 81raises riskLoss of €8,458 (financial year 2025)Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)lowers riskLiquidity: current ratio 2.11, cash €28,933Equity €52,637 (55.2% of total assets)Show the evidence
Checked score
About 5 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 25, micro): better than 59% on solvency, 66% on liquidity, 9% on profitability and 20% on growth.
The bankruptcy probability was computed on 27-10-2026 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 7 accounts on average 14 days after the deadline; the sector median (NACE 25) for financial year 2024 is 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Resignation: Adam KURI (director)Gazette deed
Financials · financial year 2025, micro format
2025 annual accounts filed late (3 days) Filed on 3 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00029816.
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result turns negative in 2025: a loss of €7,665 after €8,522 in 2024.
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 25, Manufacture of fabricated metal products, except machinery and equipment: 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).
Peer companies
Historical observationOf the 3,440 companies that looked in July 2024 the way this one looks now, 2.3% went bankrupt within 24 months and 90.0% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a small loss
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
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 3,440 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 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €17,743 | €44,053 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,440 | €21,418 | €21,705 | €17,499 | €4,092 | €2,225 | €1,521 | ▼ 31.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€7,993 | -€3,997 | - | - | - |
| Other operating charges640/8 | - | - | - | €4,511 | €3,363 | €2,393 | €1,780 | ▼ 25.6% |
| Gross operating margin9900 | €152,015 | €108,742 | €65,105 | -€2,350 | €33,486 | €13,140 | -€4,364 | - |
| Operating profit (loss)9901 | €107,020 | -€4,452 | -€25,636 | -€34,109 | -€14,025 | €8,522 | -€7,665 | - |
| Financial income75/76B | - | - | - | €787 | €0 | €35 | €13 | ▼ 61.9% |
| Recurring financial income75 | €0 | €460 | €3,762 | €787 | €0 | €35 | €13 | ▼ 61.9% |
| Financial charges65/66B | - | - | - | €436 | €421 | €304 | €142 | ▼ 53.4% |
| Recurring financial charges65 | €1,053 | €631 | €491 | €436 | €421 | €304 | €142 | ▼ 53.4% |
| Profit (loss) for the period before taxes9903 | €105,967 | -€4,623 | -€22,365 | -€33,757 | -€14,447 | €8,252 | -€7,793 | - |
| Income taxes67/77 | €24,889 | €787 | €451 | €578 | €313 | €795 | €665 | ▼ 16.3% |
| Profit (loss) for the period9904 | €81,078 | -€5,410 | -€22,816 | -€34,336 | -€14,759 | €7,458 | -€8,458 | - |
| Profit (loss) for the period to be appropriated9905 | €81,078 | -€5,410 | -€22,816 | -€34,336 | -€14,759 | €7,458 | -€8,458 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €254,647 | €175,203 | €138,712 | €95,306 | €82,000 | €78,705 | €95,341 | ▲ 21.1% |
| Fixed assets21/28 | €29,980 | €39,930 | €22,147 | €7,542 | €6,506 | €6,753 | €5,231 | ▼ 22.5% |
| Intangible fixed assets21 | €10,467 | €5,233 | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €19,363 | €34,546 | €21,997 | €7,392 | €6,356 | €6,603 | €5,081 | ▼ 23.0% |
| Plant, machinery and equipment23 | - | - | - | €547 | €482 | €417 | €352 | ▼ 15.6% |
| Furniture and vehicles24 | - | - | - | €6,845 | €5,874 | €6,186 | €4,729 | ▼ 23.5% |
| Financial fixed assets28 | €150 | €150 | €150 | €150 | €150 | €150 | €150 | = |
| Current assets29/58 | €224,667 | €135,273 | €116,565 | €87,764 | €75,494 | €71,952 | €90,109 | ▲ 25.2% |
| Stocks and contracts in progress3 | €37,333 | €25,393 | €27,344 | €26,773 | €27,550 | €26,488 | €26,488 | = |
| Stocks30/36 | - | - | - | €26,773 | €27,550 | €26,488 | €26,488 | = |
| Amounts receivable within one year40/41 | €74,000 | €23,887 | €35,182 | €14,386 | €8,648 | €4,478 | €33,226 | ▲ 642% |
| Trade receivables40 | - | - | - | €12,131 | €7,478 | €4,050 | €2,519 | ▼ 37.8% |
| Other amounts receivable41 | - | - | - | €2,254 | €1,170 | €428 | €30,707 | ▲ 72× |
| Cash at bank and in hand54/58 | €108,912 | €82,351 | €48,817 | €42,770 | €37,250 | €39,283 | €28,933 | ▼ 26.3% |
| Deferred charges and accrued income490/1 | - | - | - | €3,836 | €2,047 | €1,702 | €1,463 | ▼ 14.1% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €254,647 | €175,203 | €138,712 | €95,306 | €82,000 | €78,705 | €95,341 | ▲ 21.1% |
| Equity10/15 | €127,958 | €122,548 | €99,732 | €68,396 | €53,637 | €61,095 | €52,637 | ▼ 13.8% |
| Contributions10/11 | €11,200 | - | - | €14,200 | €14,200 | €14,200 | €14,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €114,898 | €109,488 | €86,672 | €52,336 | €37,577 | €45,035 | €36,577 | ▼ 18.8% |
| Amounts payable17/49 | €126,689 | €52,654 | €38,980 | €26,910 | €28,363 | €17,610 | €42,704 | ▲ 142% |
| Amounts payable within one year42/48 | €120,061 | €52,654 | €38,980 | €26,910 | €28,363 | €17,610 | €42,704 | ▲ 142% |
| Trade debts44 | €61,757 | €9,798 | €3,612 | €3,586 | €1,701 | €4,114 | €4,720 | ▲ 14.7% |
| Suppliers440/4 | - | - | - | €3,586 | €1,701 | €4,114 | €4,720 | ▲ 14.7% |
| Taxes, remuneration and social security45 | - | - | - | €4,166 | €480 | €3,825 | €3,528 | ▼ 7.8% |
| Taxes450/3 | - | - | - | €578 | €313 | €795 | €665 | ▼ 16.3% |
| Remuneration and social security454/9 | - | - | - | €3,588 | €167 | €3,030 | €2,863 | ▼ 5.5% |
| Other amounts payable47/48 | - | - | - | €19,158 | €26,183 | €9,671 | €34,456 | ▲ 256% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €81,078 | -€5,410 | -€22,816 | -€34,336 | -€14,759 | €7,458 | -€8,458 | - |
| + Depreciation and write-downs630 | €14,440 | €21,418 | €21,705 | €17,499 | €4,092 | €2,225 | €1,521 | ▼ 31.6% |
| Operating cash flow (approximation) | €95,518 | €16,008 | -€1,112 | -€16,837 | -€10,667 | €9,683 | -€6,936 | - |
| Investment in fixed assets (approximation) | - | -€31,368 | -€3,922 | -€2,894 | -€3,056 | -€2,472 | €0 | - |
| Change in cash | - | -€26,561 | -€33,535 | -€6,047 | -€5,520 | €2,033 | -€10,350 | - |
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 (8)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | micro format | 03-02-2026 | 2026-00029816 |
| 30-06-2024 | micro format | 18-02-2025 | 2025-00035823 |
| 30-06-2023 | micro format | 31-01-2024 | 2024-00027004 |
| 30-06-2022 | micro format | 09-01-2023 | 2023-20556662 |
| 30-06-2021 | micro format | 15-02-2022 | 2022-05800523 |
| 30-06-2020 | micro format | 22-04-2021 | 2021-11000047 |
| 30-06-2019 | micro format | 04-02-2020 | 2020-04400509 |
| 30-06-2018 | micro format | 28-01-2019 | 2019-02700016 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2025 · 1 entry · €232 awarded · €232 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| KURI Ratmirfrom an act |
|
| Adam KURI |
|
Owners and capital
Capital and shareholders
- KURI Ratmir 93 shares
- KURI Adam 93 shares
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 28-11-2023 Converted to unavailable equity · €16,060
Group and network
Connections & network
No directors read yet: 2 of 6 Gazette acts processed.
History
Acts, filings and financial milestones
22-01
Gazette deed
Resignation: Adam KURI (director)2 facts ▸
- General meeting, 26-03-2024
- Director resignation, Adam KURI (director)
28-11
Gazette deed
Legal-form change · Resignations & appointmentsResignations: KURI Ratmir (manager) and KURI Adam (manager) · Reappointments: KURI Ratmir (director) and KURI Adam (director) · Power of attorney18 facts ▸
- Power of attorney, Régis Dechamps
- Director resignation, KURI Ratmir (manager)
- Director resignation, KURI Adam (manager)
- Director reappointment, KURI Ratmir (director (not named in the articles))
- Director reappointment, KURI Adam (director (not named in the articles))
- Director discharge, KURI Ratmir
- Director discharge, KURI Adam
- Registered office clause, “3210 Lubbeek,Dunberg 1/A, algemene vergadering” (deed in Dutch)
- General meeting, 24-11-2023
- Incorporation, 22-06-2017
- Other provision, “statutenongewijzigd”, 24-11-2023 (deed in Dutch)
- Other provision, “BE0677.476.209, registratie” (deed in Dutch)
- +6 further facts in this act
About the unread acts
Of the 6 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 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 |
|---|---|---|---|---|
| 24066C0378/00Z002 | Flanders | 516 m² | 1 · 111 m² | 7.8 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Alle handelingen die rechtstreeks of onrechtstreeks verband houden met de handel en promotie van sleutels, sloten, beveiliging, graveerwerk…” (deed in Dutch)
9 activities (deed in Dutch)
- Alle handelingen die rechtstreeks of onrechtstreeks verband houden met de handel en promotie van sleutels, sloten, beveiliging, graveerwerk, nummerplaten, naamplaten, ijzerwaren in het algemeen, brandkoffers en brandkluizen;
- Het leveren en plaatsen, alsook het herstellen, vervangen en onderhouden van sloten, sleutels, grendels, raambeveiligingen, kluizen en alles wat hiermee in direct verband staat alsook de spoedherstelling van dergelijke artikelen in de bedrijfsgebouwen van de vennootschap of op verplaatsing;
- De vervaardiging van hangsloten, grendelsloten en andere sloten, sleutels en andere hand- en sluitwerk voor gebouwen, terreinen, meubels, voertuigen, enz. De vervaardiging van overige artikelen van metaal, brandkasten, enz.;
- De aan- en verkoop, leveren en plaatsen van inbraakvrije deuren en toebehoren en overige werkzaamheden in verband met de afwerking van gebouwen;
- De vervaardiging, groot- en/of kleinhandel van computers, randapparatuur en software, huishoudapparatuur en van elektrische apparatuur in het algemeen;
- De detailhandel in ijzerwaren, verf, bouwmaterialen en glas (incl. doe-het-zelf zaken);
- De import en export, groothandel, transport over land, water of in de lucht van menigvuldige goederen;
- Verhuring van divers materiaal
- Het beheer van haar eigen vermogen zowel roerende en onroerende goederen daaronder verstaan het verwerven, vervreemden, beheren, uitbaten, valoriseren, verkavelen, huren, verhuren, promoten, het doen bouwen of verbouwen evenals welke transacties van elke onroerende goederen.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- One provision in the deed
- Legal form clauseThe legal form, such as BV, NV or CV, which decides which company-law rules apply.
- One provision in the deed
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- 2 provisions in the deed
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Algemene vergadering beslissende in vormen vereist voor statutenwijziging, op elk moment” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Bij ontbinding om welke reden en op welk ogenblik ook, indien geen andere vereffenaar benoemd” (deed in Dutch)