SECURITY & DEVELOPMENT
Open bankruptcyA bankruptcy procedure is open for SECURITY & DEVELOPMENT according to publications in the Belgian State Gazette; curator: ALAIN HENDERICKX. The file additionally contains 1 administrative flag. The 2022 annual accounts show equity of €48k and a net result of €37k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 12-10-2023, 73 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
73 d late
2021
230 d late
2020
73 d early
2019
4 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Financials · fiscal year 2022, micro schema
Turnover
€183k
EBIT margin
20.4%
Net result
€37k▲ 244%
2021 · €11k
2018: €-1k
2019: €-1k
2020: €-1k
2021: €11k
2018 → 2022
Working capital
€48k▲ 340%
2021 · €11k
2018: €-10k
2019: €-11k
2020: €139
2021: €11k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Turnover€183k
Equity€-10k-€-11k▼ 12.4%€189€11k▲ 5,718%€48k▲ 338%
Operating result€-1k-€-1k=€-1k=€11k€37k▲ 244%
Net result€-1k-€-1k=€-1k=€11k€37k▲ 244%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2022 is 244% above 2021 and is the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €224k
Fixed assets
€50=
Current assets
€224k▲ 1,910%
Equity and liabilities €224k
Equity
€48k▲ 338%
Debt
€175k▲ 110,207%
The debt ratio rises from 1.4% to 78.4%. Equity and debt are higher.
Key figures and ratios
Solvency
21.6%▼
2021 · 98.6%
Current ratio
1.28▼
2021 · 69.97
Quick ratio
1.28▼
2021 · 69.97
Debt / equity
3.63▲
2021 · 0.01
ROE
77.2%▼
2021 · 98.3%
ROA
16.7%▼
2021 · 96.9%
Debt
€175k▲
2021 · €159
Debt ≤ 1 year
€175k▲
2021 · €159
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€11k€224k▲
Fixed assets21/28€50€50=
Financial fixed assets28€50€50=
Current assets29/58€11k€224k▲
Amounts receivable within one year40/41€11k€224k▲
Trade receivables40€11k€223k▲
Other amounts receivable41€298€1k▲
Equity and liabilities
Total equity and liabilities10/49€11k€224k▲
Equity10/15€11k€48k▲
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€57€57=
Non-distributable reserves130/1€57€57=
Reserves not available under the articles1311€57€57=
Profit (loss) carried forward14€-8k€30k▲
Amounts payable17/49€159€175k▲
Amounts payable within one year42/48€159€175k▲
Trade debts44-€175k
Suppliers440/4-€175k
Other amounts payable47/48€159€159=
Income statement
Code20212022
Turnover70-€183k
Goods, raw materials, services and sundry goods60/61-€145k
Gross operating margin9900€11k€37k▲
Operating profit (loss)9901€11k€37k▲
Profit (loss) for the period before taxes9903€11k€37k▲
Profit (loss) for the period9904€11k€37k▲
Profit (loss) for the period to be appropriated9905€11k€37k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-8k€30k▲
Profit (loss) brought forward from the previous period14P€-18k€-8k▲
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
10-03
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · SRL SECURITY & DEVELOPMENT AVENUE NOTRE-DAME 135/1, 1140 EVERE · event 02-03-2026
2025
07-03
KBO administration
Address struck
2023
12-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 73 days late
18-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 230 days late
2022
31-12
Financial
Highest result since 2018net €37k ▲244%
Operating result €37k, net result €37k, both a record.
2021
31-12
Financial
Back to profitnet €11k
Net result €11k after 3 loss-making years.
31-12
Financial
Liquidity times 37current ratio 69.97
Current ratio from 1.88 to 69.97.
19-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity times 72current ratio 1.88
Current ratio from 0.03 to 1.88; short-term debt falls from €11k to €158.
04-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 4 days late
2019
08-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 8 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
19-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 19 days late
2012
29-08
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 29 days late
2011
10-08
NBB filing
Annual accounts filed
fiscal year 2010 · full schema · 10 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
1 establishment unit since 2007
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Ground area
156 m²
Building footprint
133 m²
Volume, LiDAR
1,451 m³
Parcel 21372D0187/00T010, Brussels · tallest building 16.8 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
SECURITY & DEVELOPMENT
since 20072.158.593.656
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21372D0187/00T010 ProtectedMonumentGebouw Van Ooteghem |
Brussels | 156 m² | 1 · 133 m² | 16.8 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ALAIN HENDERICKX RUE DE STASSART 48 BL C/6,
1050 IXELLES |
02-03-2026 → present |
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded14-12-2006
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:sdc@security-development.eu
Phone:0484849384
Fax:010/450837