SECURESAFE
ActiveSummary
The computed 12-month bankruptcy probability of SECURESAFE is 9.3% (elevated). The 2025 annual accounts show negative equity (-€282,189) and a net result of -€238,508. Its solvency ranks better than 5% of 9,926 sector peers (NACE 43, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 24-10-2023 Normal situation
- Activity
- General electrical installation work NACE 43211and 5 others
- Establishment unit
- 2.356.938.068 5020 Namur, since 24-10-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 24-04-2026
Board and ownership
- BOUVIER Christian GhislainDirector · since 24-10-2023
- FAGNERAY Véronique Edgard Madeleine GhislaineDirector · since 24-10-2023
- BOUVIER5,000 sharesdeed of 20-12-2023
- FAGNERAY5,000 sharesdeed of 20-12-2023
Financial position
- Bankruptcy probabilitywithin 12 months
- 9.3%
- Gross margin
- €199,673
- ▼ 30.3%
- Turnover
- ≈ €570,000
- estimated
- Loss
- €238,508
- ▲ 155%
- Equity
- -€282,189
- ▼ 546%
- Total assets
- €263,947
- ▼ 39.8%
- Employees on 31-12-2025
- 6
- ▼ 25.0%
- Negative equity on 31-12-2025
- 2025 accounts filed 12 days after the deadline
Score breakdownraises riskSize: 7.8 FTE, total assets €263,947Last filed accounts filed 12 days late; 1 of the last 3 accounts lateLiquidity: current ratio 0.76, cash €312, halvedLoss of €238,508, the second in a row (financial year 2025)Show the evidence
Checked score
About 9 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 3% of them on solvency, 9% on liquidity, 4% on profitability and 0% on growth.
The bankruptcy probability was computed on 04-11-2026 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 elevated class on 30-06-2025, 6.3% 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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 2 accounts on average 52 days after 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)
Financials
Financials · financial year 2025, abbreviated format
2025 annual accounts filed 12 days after the deadline Filed on 12 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00394603.
Annual accounts 2025 filed on 12-08-2026 at the NBB all 2 filings
Every figure per financial year
The operating result for 2025 is a loss of €219,924, larger than the loss of €48,592 in 2024.
- 2025 Net result -155% on 2024. The accounts now follow the abbreviated format, last year the full format.
The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2024 | 31-12-2025 |
|---|---|---|
| Employees at the balance-sheet date | 8 | 6 |
| full-time | 8 | 6 |
| part-time | - | 0 |
| in full-time equivalents | 8 | 6 |
| Average over the year, in full-time equivalents | 7.4 | 7.8 |
| On a permanent contract | 8 | 6 |
| Joined | 13 | 0 |
| Left | 5 | 2 |
| Training hours | - | 0 |
Source: social balance sheet in the 2024 to 2025 annual accounts
Investments
| Item | 2024 | 2025 |
|---|---|---|
| Tangible fixed assets | €1,217 | - |
| Intangible fixed assets | €153,900 | - |
| Depreciation and write-downs of the year | €6,012 | €15,633 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €325,496 | €399,961 | ▲ 22.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,012 | €15,633 | ▲ 160% |
| Other operating charges640/8 | €2,517 | €4,001 | ▲ 59.0% |
| Non-recurring operating charges66A | €992 | - | - |
| Gross operating margin9900 | €286,425 | €199,673 | ▼ 30.3% |
| Operating profit (loss)9901 | -€48,592 | -€219,924 | ▼ 353% |
| Financial income75/76B | €37,955 | - | - |
| Recurring financial income75 | €668 | - | - |
| Non-recurring financial income76B | €37,287 | - | - |
| Financial charges65/66B | €83,044 | €18,584 | ▼ 77.6% |
| Recurring financial charges65 | €12,521 | €14,561 | ▲ 16.3% |
| Non-recurring financial charges66B | €70,522 | €4,023 | ▼ 94.3% |
| Profit (loss) for the period before taxes9903 | -€93,681 | -€238,508 | ▼ 155% |
| Profit (loss) for the period9904 | -€93,681 | -€238,508 | ▼ 155% |
| Profit (loss) for the period to be appropriated9905 | -€93,681 | -€238,508 | ▼ 155% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €438,589 | €263,947 | ▼ 39.8% |
| Fixed assets21/28 | €149,105 | €133,471 | ▼ 10.5% |
| Intangible fixed assets21 | €147,917 | €132,527 | ▼ 10.4% |
| Tangible fixed assets22/27 | €1,188 | €945 | ▼ 20.5% |
| Furniture and vehicles24 | €1,188 | €945 | ▼ 20.5% |
| Current assets29/58 | €289,484 | €130,475 | ▼ 54.9% |
| Amounts receivable within one year40/41 | €233,882 | €130,163 | ▼ 44.3% |
| Trade receivables40 | €147,193 | €60,438 | ▼ 58.9% |
| Other amounts receivable41 | €86,689 | €69,724 | ▼ 19.6% |
| Cash at bank and in hand54/58 | €44,566 | €312 | ▼ 99.3% |
| Deferred charges and accrued income490/1 | €11,036 | - | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €438,589 | €263,947 | ▼ 39.8% |
| Equity10/15 | -€43,681 | -€282,189 | ▼ 546% |
| Contributions10/11 | €50,000 | €50,000 | = |
| Profit (loss) carried forward14 | -€93,681 | -€332,189 | ▼ 255% |
| Amounts payable17/49 | €482,270 | €546,136 | ▲ 13.2% |
| Amounts payable after more than one year17 | €288,567 | €374,567 | ▲ 29.8% |
| Financial debts170/4 | €288,567 | €374,567 | ▲ 29.8% |
| Amounts payable within one year42/48 | €191,888 | €171,569 | ▼ 10.6% |
| Current portion of amounts payable after more than one year42 | €15,000 | €25,000 | ▲ 66.7% |
| Trade debts44 | €103,629 | €95,113 | ▼ 8.2% |
| Suppliers440/4 | €103,629 | €95,113 | ▼ 8.2% |
| Advances received on contracts in progress46 | €210 | €210 | = |
| Taxes, remuneration and social security45 | €73,049 | €46,245 | ▼ 36.7% |
| Taxes450/3 | €10,414 | €378 | ▼ 96.4% |
| Remuneration and social security454/9 | €62,635 | €45,867 | ▼ 26.8% |
| Other amounts payable47/48 | - | €5,000 | - |
| Accrued charges and deferred income492/3 | €1,814 | - | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€93,681 | -€238,508 | ▼ 155% |
| + Depreciation and write-downs630 | €6,012 | €15,633 | ▲ 160% |
| Operating cash flow (approximation) | -€87,669 | -€222,875 | ▼ 154% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | -€44,254 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 7,639 companies had the same profile as SECURESAFE has now. Two years later, 84.8% were still going and 8.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SECURESAFE itself: 9.3% within 12 months.
Test of the method
The method was tested on the 497,446 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 7,639 companies, not a prediction for SECURESAFE. 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.
Board & ownership
Directors
Owners and capital
Shareholders
- BOUVIER 5,000 shares
- FAGNERAY 5,000 shares
- BOUVIER Christian Ghislain 5,000 shares (50%) · €1,250
- FAGNERAY Véronique Edgard Madeleine Ghislaine 5,000 shares (50%) · €1,250
Capital transactions
- 26-10-2023 Incorporation · €2,500 · 10,000 shares
Mandate history
- Board
- mandate already running before its first mention
| Name | Functions and periods |
|---|---|
| BOUVIER Christian Ghislain |
|
| FAGNERAY Véronique Edgard Madeleine Ghislaine |
|
| Sparaxis SA |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one.
- No statutory auditor
Articles of association, deed of 26-10-2023 (in French)
Network & group
SECURESAFE shares no director with another company.
Connections & network
2 current directorsThe network starts from the directors of SECURESAFE. Every other company they run is a node.
Timeline
Deeds, filings and financial milestones
03-04
Gazette deed
Resignation: SPARAXIS SA (director)Permanent representative: Frédéric KALKMANN2 points ▸
- Director resignation, SPARAXIS SA
- Permanent representative, Frédéric KALKMANN
- The deed holds 1 more point.
28-06
Gazette deed
Permanent representative: FOSSE Jean-Michel4 points ▸
- General meeting, 02-05-2024
- Power of attorney, FAGNERAY Véronique (responsable sécurité)
- Permanent representative, FOSSE Jean-Michel
- Director in office, JMF Expertise
- The deed holds 2 more points.
18-06
Gazette deed
Power of attorney: FAGNERAY Véronique2 points ▸
- General meeting, 02-05-2024
- Power of attorney, FAGNERAY Véronique (responsable sécurité)
- The deed holds 3 more points.
20-12
Gazette deed
Capital contribution: apport supplémentaireBOUVIER holds 5,000 shares · FAGNERAY holds 5,000 shares3 points ▸
- General meeting, 30-10-2023
- BOUVIER holds 5,000 shares
- FAGNERAY holds 5,000 shares
- The deed holds 3 more points.
26-10
Gazette deed
IncorporationFounding capital of €2,500, 10,000 shares · Founders: BOUVIER Christian Ghislain and FAGNERAY Véronique Edgard Madeleine Ghislaine · Appointments: BOUVIER Christian Ghislain (director) and FAGNERAY Véronique Edgard Madeleine Ghislaine (director)6 points ▸
- Founder, BOUVIER Christian Ghislain
- Founder, FAGNERAY Véronique Edgard Madeleine Ghislaine
- Founding capital, €2,500, 10,000 shares
- Registered office clause, rue du Réemploi, numéro 2, 5020 Namur (Suarlée)
- Director appointment, BOUVIER Christian Ghislain (director (not named in the articles))
- Director appointment, FAGNERAY Véronique Edgard Madeleine Ghislaine (director (not named in the articles))
- The deed holds 5 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
27 activities
- Installation de machines et d'équipements industriels ;
- Travaux d'installation électrotechnique de bâtiment ;
- Installation de câbles et appareils électriques ;
- Installation de systèmes de télécommunication et installations informatiques ;
- Installation de systèmes de surveillance et d'alarme contre les effractions ;
- Travaux d'installation électrotechnique autres que de bâtiment ;
- Commerce de gros d'appareils électroménagers et audio-vidéo ;
- Commerce de gros de matériels électriques d'installation à usage domestique ;
- Commerce de gros d'appareils d'éclairage ;
- Commerce de gros de composants et d'équipements électroniques et de télécommunication ;
- Commerce de gros de matériel électrique, y compris le matériel d'installation ;
- Commerce de détail de matériels de télécommunication en magasin spécialisé ;
- Commerce de détail de matériels audio-vidéo en magasin spécialisé ;
- Commerce de détail d'appareils électroménagers en magasin spécialisé ;
- Commerce de détail d'appareils d'éclairage ;
- Autres commerces de détail sur éventaires et marchés ;
- Réparation d'appareils électroménagers et d'équipements pour la maison et le jardin ;
- Travaux d'installation électrotechnique de bâtiment ;
- Les opérations de « jointage » de réseaux de téléphonie ;
- L’achat, la vente et la réparation de tout matériel et appareillage électrique, le placement, l’entretien et la réparation de tous câbles électrique et téléphoniques ainsi que le jointage, la vente, la fourniture, l’installation, la maintenance, la réparation, la modification et l’extension de centrales téléphoniques, de centrales télématiques, de centrales d’alarme, de centrales de télémétrie, de centrales de télétransmission et des appareillages, accessoires et périphéries de chacune des centrales mentionnées ;
- La pose de câbles en cuivre et en fibre optiques, canalisations diverses et tranchées de chemin de câbles ;
- Travaux d’installation électrotechnique de bâtiment (installation électrique, installation de réseau informatique, détection incendie, détection d’intrusion, domotique, téléphonie, vidéophonie, parlophonie, branchement internet) ;
- Le commerce de gros et de détail d’appareils électroménagers, de matériel électrique d’installation à usage domestique, d’appareils d’éclairage, de composants et d’équipements électronique et de télécommunication, de matériel électrique y compris le matériel d’installation ;
- Toute activité d’installateur en électricité, électrotechnique et toute autre activité qui en découle dans les limites de la réglementation professionnelle ;
- La réalisation de tous travaux se rapportant à la pose, la réparation et l’entretien de circuit électrique et de système d’alarme ;
- Également la vente, placement et dépannage d’installations de panneaux photovoltaïques ;
- Également la vente, placement et dépannage de bornes de recharges pour véhicules électriques.
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 1001.584.089
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 92120F0018/00B002 | Wallonia | 1,918 m² | 1 · 373 m² | 12.7 m · 3 |