SECURIO
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 28-12-2023 was due by 28-07-2024 and was filed on 27-06-2024, 31 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2023
31 d early
2022
14 d early
2021
12 d early
2020
8 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 4 accounts on average 16 days before the deadline; the Belgian median for financial year 2023 is 3 days before the deadline, and 40% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2023, abbreviated schema, statutory accounts
Turnover
€3.1m▼ 5.2%
2021 · €3.2m
EBIT margin
42.7%▲ 8.9pp
2021 · 33.8%
Net result
-€1.3m
2022 · €1.4m
Working capital
€87,221
2022 · -€18.8m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2020202120222023
Turnover€2.8m-€3.2m▲ 16.2%€3.1m▼ 5.2%
Operating result€1.3m-€1.1m▼ 15.2%€1.3m▲ 19.7%€1.3m▼ 0.8%
Net result€4.7m-€334,075▼ 92.9%€1.4m▲ 306%-€1.3m
EBIT margin46.4%-33.8%▼ 12.5pp42.7%▲ 8.9pp
Equity€16.8m-€17.2m▲ 2.0%€18.5m▲ 7.9%€9.5m▼ 48.7%
Total assets€60.3m-€58.1m▼ 3.8%€56.4m▼ 2.9%€42.1m▼ 25.4%
Debt€43.5m-€40.9m▼ 6.0%€37.8m▼ 7.4%€32.5m▼ 14.0%
Working capital-€18.7m--€20.3m▼ 8.6%-€18.8m▲ 7.5%€87,221
Result per fiscal year
Operating resultNet result
The operating result falls in 2023; 2023 is 1% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €41.5m
Fixed assets
€40.3m ▼ 25.8%
Current assets
€1.2m ▼ 10.1%
Equity and liabilities €42.1m
Equity
€9.5m ▼ 48.7%
Debt
€32.5m ▼ 14.0%
Debt's share of the balance-sheet total rises from 67.1% to 77.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€1.5m▼
2022 · €1.5m
Cash flow
-€1.1m▼
2022 · €1.5m
Current ratio
1.08▲
2022 · 0.07
Debt to equity
3.42▲
2022 · 2.04
ROE
-13.4%▼
2022 · 7.3%
ROA
-3.0%▼
2022 · 2.4%
Interest coverage
0.86▼
2022 · 1.04
Debt ≤ 1 year
€1.1m▼
2022 · €20.1m
Debt > 1 year
€31.4m▲
2022 · €17.7m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Operating income70/76A | - | €3.2m | €3.1m | - | - |
| Turnover70 | €2.8m | €3.2m | €3.1m | - | - |
| Operating charges60/66A | - | €2.1m | €1.8m | - | - |
| Services and other goods61 | - | €2.0m | €1.6m | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €179,429 | €179,429 | €179,429 | €179,429 | = |
| Other operating charges640/8 | - | €101 | €102 | - | - |
| Non-recurring operating charges66A | - | - | - | €228,017 | - |
| Gross operating margin9900 | - | - | - | €1.7m | - |
| Operating profit (loss)9901 | €1.3m | €1.1m | €1.3m | €1.3m | ▼ 0.8% |
| Financial income75/76B | - | €767,456 | €1.8m | - | - |
| Recurring financial income75 | €5.2m | €767,456 | €1.8m | - | - |
| Income from financial fixed assets750 | - | €767,455 | €1.8m | - | - |
| Other financial income752/9 | - | €1 | €0 | - | - |
| Financial charges65/66B | - | €1.5m | €1.7m | €2.6m | ▲ 47.1% |
| Recurring financial charges65 | €1.8m | €1.5m | €1.4m | €1.7m | ▲ 19.5% |
| Debt charges650 | €1.8m | €1.5m | €1.4m | - | - |
| Other financial charges652/9 | - | -€20,177 | €999 | - | - |
| Non-recurring financial charges66B | - | - | €312,944 | €856,987 | ▲ 174% |
| Profit (loss) for the period before taxes9903 | €4.7m | €333,331 | €1.4m | -€1.3m | ▼ 194% |
| Income taxes67/77 | €10,000 | -€744 | €0 | - | - |
| Tax adjustments and reversals of tax provisions77 | - | €744 | €0 | - | - |
| Profit (loss) for the period9904 | €4.7m | €334,075 | €1.4m | -€1.3m | ▼ 194% |
| Transfer to tax-exempt reserves689 | - | - | - | €1.4m | - |
| Profit (loss) for the period to be appropriated9905 | €4.7m | €334,075 | €1.4m | -€2.6m | ▼ 295% |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €60.3m | €58.1m | €56.4m | €42.1m | ▼ 25.4% |
| Formation expenses20 | €1.1m | €897,143 | €717,714 | €538,286 | ▼ 25.0% |
| Fixed assets21/28 | €52.3m | €54.3m | €54.3m | €40.3m | ▼ 25.8% |
| Financial fixed assets28 | €52.3m | €54.3m | €54.3m | €40.3m | ▼ 25.8% |
| Affiliated companies280/1 | - | €54.3m | €54.3m | - | - |
| Participating interests280 | - | €54.3m | €54.3m | - | - |
| Current assets29/58 | €6.9m | €2.8m | €1.3m | €1.2m | ▼ 10.1% |
| Stocks and contracts in progress3 | - | - | €0 | - | - |
| Amounts receivable within one year40/41 | €12,000 | €2.0m | €877,406 | €294,393 | ▼ 66.4% |
| Trade receivables40 | - | €295,392 | €281,931 | €294,393 | ▲ 4.4% |
| Other amounts receivable41 | - | €1.7m | €595,476 | - | - |
| Cash at bank and in hand54/58 | €447,937 | €802,659 | €451,610 | €902,372 | ▲ 99.8% |
| Deferred charges and accrued income490/1 | - | - | €2,540 | - | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €60.3m | €58.1m | €56.4m | €42.1m | ▼ 25.4% |
| Equity10/15 | €16.8m | €17.2m | €18.5m | €9.5m | ▼ 48.7% |
| Contributions10/11 | - | €12.2m | €12.2m | €12.2m | = |
| Reserves13 | €4.7m | €5.0m | €6.4m | - | - |
| Distributable reserves133 | - | €5.0m | €6.4m | - | - |
| Profit (loss) carried forward14 | - | - | - | -€2.6m | - |
| Amounts payable17/49 | €43.5m | €40.9m | €37.8m | €32.5m | ▼ 14.0% |
| Amounts payable after more than one year17 | €17.7m | €17.7m | €17.7m | €31.4m | ▲ 77.9% |
| Financial debts170/4 | - | €17.7m | €17.7m | €31.4m | ▲ 77.9% |
| Subordinated loans170 | - | €12.2m | €12.2m | - | - |
| Other loans174 | - | €5.5m | €5.5m | - | - |
| Amounts payable within one year42/48 | €25.6m | €23.2m | €20.1m | €1.1m | ▼ 94.5% |
| Financial debts43 | - | €22.4m | €19.6m | - | - |
| Credit institutions430/8 | - | €22.4m | €19.6m | - | - |
| Trade debts44 | €39,234 | €408,562 | €542,973 | €294,963 | ▼ 45.7% |
| Suppliers440/4 | - | €408,562 | €542,973 | €294,963 | ▼ 45.7% |
| Taxes, remuneration and social security45 | - | €356,189 | €0 | - | - |
| Taxes450/3 | - | €356,189 | €0 | - | - |
| Other amounts payable47/48 | - | - | - | €814,581 | - |
| Accrued charges and deferred income492/3 | - | €38,019 | €31,949 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4.7m | €334,075 | €1.4m | -€1.3m | ▼ 194% |
| + Depreciation and write-downs630 | €179,429 | €179,429 | €179,429 | €179,429 | = |
| Operating cash flow (approximation) | €4.9m | €513,503 | €1.5m | -€1.1m | ▼ 171% |
| Investment in fixed assets (approximation) | - | -€2.2m | -€179,429 | €13.8m | ▲ 7,803% |
| Change in cash | - | €354,722 | -€351,049 | €450,762 | ▲ 228% |
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
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-12
Financial
Weakest financial yearnet -€1.3m
Net result drops to -€1.3m, the lowest in the series.
28-12
Financial
Liquidity times 16current ratio 1.08
Current ratio from 0.07 to 1.08; short-term debt falls from €20.1m to €1.1m.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · consolidated
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · consolidated
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · consolidated
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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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Structure & network
Owners and holdings
2 holdingsOwners 0
The accounts to 28-12-2023 list no shareholders, and no other source names one.
Holdings 2
-
100%
-
100%
According to the annual accounts to 28-12-2023 of SECURIO and those of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
894500LTPO7YTMV1WY47