SECURITY 3
ActiveSummary
SECURITY 3 has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15.3m and a net result of €100,279. Equity remains stable across the filed fiscal years (±0.5% per year). The computed 12-month bankruptcy probability is 0.6% (low).
Financials · fiscal year 2025, abbreviated schema
2021 to 2025, 5 fiscal years 2018 to 2025, 8 fiscal years
The operating result stays negative: a loss of €19,586 in 2025 against €2,021 in 2024; the loss grows and 2025 has the lowest result in the available series.
What the company sold each fiscal 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.
Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.
- 2025 Net result -53% on 2024. The accounts now follow the abbreviated schema, last year the micro schema.
Peer companies
Historical observationOf the 542 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 93% are still going.
- Medium-sized
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 0.6% 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 497,366 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% | 1.0% |
| 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% 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 542 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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | - | - | €25 | €25 | - | - |
| Gross operating margin9900 | -€1,459 | -€650 | -€1,521 | -€1,785 | -€1,660 | -€3,199 | -€1,996 | -€19,586 | ▼ 881% |
| Operating profit (loss)9901 | -€1,569 | -€771 | -€1,642 | -€1,785 | -€1,660 | -€3,224 | -€2,021 | -€19,586 | ▼ 869% |
| Financial income75/76B | - | - | - | €44,798 | €44,659 | €159,523 | €311,935 | €180,005 | ▼ 42.3% |
| Recurring financial income75 | €49,078 | €100,616 | €115,467 | €44,798 | €44,659 | €159,523 | €311,935 | €180,005 | ▼ 42.3% |
| Financial charges65/66B | - | - | - | €1,561 | €6,636 | €156 | €154 | €289 | ▲ 88.5% |
| Recurring financial charges65 | €613 | €153 | €116,082 | €1,424 | €6,636 | €156 | €154 | €289 | ▲ 88.5% |
| Non-recurring financial charges66B | - | - | - | €137 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €46,897 | €99,692 | -€2,258 | €41,452 | €36,363 | €156,144 | €309,760 | €160,129 | ▼ 48.3% |
| Income taxes67/77 | €19,267 | €23,625 | €2,688 | €26,832 | €25,887 | €40,157 | €96,148 | €59,850 | ▼ 37.8% |
| Profit (loss) for the period9904 | €27,630 | €76,066 | -€4,946 | €14,620 | €10,475 | €115,987 | €213,612 | €100,279 | ▼ 53.1% |
| Profit (loss) for the period to be appropriated9905 | €27,630 | €76,066 | -€4,946 | €14,620 | €10,475 | €115,987 | €213,612 | €100,279 | ▼ 53.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €14.8m | €14.9m | €14.9m | €14.9m | €14.9m | €15.0m | €15.2m | €15.3m | ▲ 0.6% |
| Current assets29/58 | €14.8m | €14.9m | €14.9m | €14.9m | €14.9m | €15.0m | €15.2m | €15.3m | ▲ 0.6% |
| Amounts receivable after more than one year29 | - | - | - | €9.3m | €8.9m | €8.2m | €5.9m | €5.7m | ▼ 4.6% |
| Other amounts receivable291 | - | - | - | €9.3m | €8.9m | €8.2m | €5.9m | €5.7m | ▼ 4.6% |
| Amounts receivable within one year40/41 | - | - | - | - | - | €0.1m | €0.1m | €0.1m | ▼ 17.6% |
| Other amounts receivable41 | - | - | - | - | - | €0.1m | €0.1m | €0.1m | ▼ 17.6% |
| Current investments50/53 | €2.5m | €2.5m | - | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €3.5m | €1.6m | €4.4m | €5.6m | €6.0m | €6.7m | €9.2m | €9.6m | ▲ 4.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €14.8m | €14.9m | €14.9m | €14.9m | €14.9m | €15.0m | €15.2m | €15.3m | ▲ 0.6% |
| Equity10/15 | €14.8m | €14.9m | €14.9m | €14.9m | €14.9m | €15.0m | €15.2m | €15.3m | ▲ 0.7% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.007m | €0.007m | €0.007m | €0.007m | €0.007m | €0.007m | €0.2m | €0.3m | ▲ 48.3% |
| Non-distributable reserves130/1 | - | - | - | €0.007m | €0.007m | €0.007m | €0.007m | €0.007m | = |
| Legal reserve130 | - | - | - | €0.007m | €0.007m | €0.007m | €0.007m | €0.007m | = |
| Distributable reserves133 | - | - | - | - | - | - | €0.2m | €0.3m | ▲ 50.0% |
| Profit (loss) carried forward14 | €14.7m | €14.8m | €14.8m | €14.8m | €14.8m | €14.9m | €14.9m | €14.9m | = |
| Amounts payable17/49 | €0.004m | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | €0.02m | €0.02m | ▼ 16.3% |
| Amounts payable within one year42/48 | €0.004m | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | €0.02m | €0.02m | ▼ 16.3% |
| Trade debts44 | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | €0.005m | ▲ 94.0% |
| Suppliers440/4 | - | - | - | €0.003m | €0.003m | €0.003m | €0.003m | €0.005m | ▲ 94.0% |
| Taxes, remuneration and social security45 | - | - | - | - | - | - | €0.02m | €0.01m | ▼ 30.7% |
| Taxes450/3 | - | - | - | - | - | - | €0.02m | €0.01m | ▼ 30.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.03m | €0.08m | -€0.005m | €0.01m | €0.01m | €0.1m | €0.2m | €0.1m | ▼ 53.1% |
| Operating cash flow (approximation) | €0.03m | €0.08m | -€0.005m | €0.01m | €0.01m | €0.1m | €0.2m | €0.1m | ▼ 53.1% |
| Change in cash | - | -€2.0m | €2.8m | €1.2m | €0.4m | €0.7m | €2.4m | €0.4m | ▼ 83.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.