SECURITY & DEVELOPMENT
Open bankruptcyOverview
Information for creditors
Open bankruptcy
Source: Belgian Official Gazette
Declared bankrupt on 2 March 2026 · trustee Alain Henderickx · claim deadline passed on 1 April 2026
How to file a claimThe procedure
- Court
- French-language Enterprise Court of Brussels
- Supervising judge
- Leon Niessen
- Official Gazette
- 10-03-2026search the document for 2026/109912
Deadlines
- Appeal or third-party opposition until
- passed on 25 March 2026That is fifteen days after the publication in the Official Gazette.art. XX.108, Code of Economic Law
- File the claim in RegSol, the Belgian insolvency register, until
- passed on 1 April 2026art. XX.104 and XX.155, Code of Economic Law
- First verification report
- passed on 8 April 2026Reclaim goods that are still yours, such as goods delivered under retention of title, before this day.art. XX.104 and XX.194, Code of Economic Law
- Late claim until
- 2 March 2027A late claim shares only in what has not yet been paid out. You bear the costs of that claim.art. XX.165, Code of Economic Law
Trustee
- Alain HenderickxRue De Stassart 48 Bl C/6, 1050 Ixellesahenderickx@aah-law.com
Steps for a creditor
- Stop delivering on credit unless the trustee agrees.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Reclaim goods you delivered under retention of title before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices. In a bankruptcy it can be recovered, subject to conditions.
- Follow the file in RegSol. The verification report (admitted or disputed) and the trustee's reports appear there.
These deadlines come from the publication of the judgment. Check them in RegSol before you file anything. Once a deadline has passed, it is too late for that step.
If this company owes you money, you are not paid automatically. You file your claim yourself, within the deadline the judgment sets.
Follow
Follow this bankruptcy and you are notified the next morning if it is closed or reversed.
This is general information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.
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Overview
Official details
Source: KBO- Status
- Open bankruptcy declared bankrupt on 02-03-2026
- Legal form
- Private limited company (pre-2019)
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.158.593.656 since 16-01-2007
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Board and ownership
Board
- Cevdet KEBAPCIDirector
Shareholders
- AVCI Halil100 sharesdeed of 04-10-2023
- Cevdet KEBAPCI100 sharesdeed of 04-10-2023
Financial position
No score
Annual accounts 2022
- Turnover
- €182,770
- Profit
- €37,281
- ▲ 244%
- Equity
- €48,298
- ▲ 338%
- Total assets
- €223,686
- ▲ 20×
Financials
Financials · financial year 2022, micro format
2022 annual accounts filed 73 days after the deadline Filed on 12 October 2023, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2023-00484081.
Annual accounts 2022 filed on 12-10-2023 PDF all 13 filings
Turnover
€182,770
EBIT margin
20.4%
Net result
€37,281▲ 244%
2021 · €10,828
Working capital
€48,248▲ 340%
2021 · €10,967
Multi-year overview
2018 to 2022, 5 financial yearsTurnover
€182,770
2022
20182022
Operating result
€37,281
▲ 244%
2022
20182022
Net result
€37,281
▲ 244%
2022
20182022
EBIT margin
20.4%
2022
20182022
Equity
€48,298
▲ 338%
2022
20182022
Total assets
€223,686
▲ 20×
2022
20182022
Debt
€175,388
▲ 1,103×
2022
20182022
Working capital
€48,248
▲ 340%
2022
20182022
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022
Turnover€182,770
Operating result-€1,210--€1,210=-€1,210=€10,828€37,281▲ 244%
Net result-€1,210--€1,210=-€1,210=€10,828€37,281▲ 244%
EBIT margin20.4%
Equity-€9,791--€11,001▼ 12.4%€189€11,017▲ 58×€48,298▲ 338%
Total assets€348-€348=€348=€11,176▲ 32×€223,686▲ 20×
Debt€10,138-€11,348▲ 11.9%€158▼ 98.6%€159▲ 0.3%€175,388▲ 1,103×
Working capital-€9,841--€11,051▼ 12.3%€139€10,967▲ 79×€48,248▲ 340%
The operating result for 2022 is over 3.4 times that of 2021 and the highest since 2018. It is the second rise in a row.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €223,686
Fixed assets
€50 =
Current assets
€223,636 ▲ 20×
Equity and liabilities €223,686
Equity
€48,298 ▲ 338%
Debt
€175,388 ▲ 1,103×
Debt's share of the balance-sheet total rises from 1.4% to 78.4%. Equity and debt are higher.
Key figures and ratios
Current ratio
1.28▼
2021 · 69.97
Debt to equity
3.63▲
2021 · 0.01
ROE
77.2%▼
2021 · 98.3%
ROA
16.7%▼
2021 · 96.9%
Debt ≤ 1 year
€175,388▲
2021 · €159
Customer credit
444 days
Supplier credit
440 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €182,770 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €145,489 | - |
| Gross operating margin9900 | -€1,210 | -€1,210 | -€1,210 | €10,828 | €37,281 | ▲ 244% |
| Operating profit (loss)9901 | -€1,210 | -€1,210 | -€1,210 | €10,828 | €37,281 | ▲ 244% |
| Profit (loss) for the period before taxes9903 | -€1,210 | -€1,210 | -€1,210 | €10,828 | €37,281 | ▲ 244% |
| Profit (loss) for the period9904 | -€1,210 | -€1,210 | -€1,210 | €10,828 | €37,281 | ▲ 244% |
| Profit (loss) for the period to be appropriated9905 | -€1,210 | -€1,210 | -€1,210 | €10,828 | €37,281 | ▲ 244% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €348 | €348 | €348 | €11,176 | €223,686 | ▲ 20× |
| Fixed assets21/28 | €50 | €50 | €50 | €50 | €50 | = |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €298 | €298 | €298 | €11,126 | €223,636 | ▲ 20× |
| Amounts receivable within one year40/41 | €298 | €298 | €298 | €11,126 | €223,636 | ▲ 20× |
| Trade receivables40 | - | - | - | €10,828 | €222,543 | ▲ 21× |
| Other amounts receivable41 | - | - | - | €298 | €1,093 | ▲ 267% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €348 | €348 | €348 | €11,176 | €223,686 | ▲ 20× |
| Equity10/15 | -€9,791 | -€11,001 | €189 | €11,017 | €48,298 | ▲ 338% |
| Contributions10/11 | €6,200 | €6,200 | - | €18,600 | €18,600 | = |
| Capital10 | - | - | - | €18,600 | €18,600 | = |
| Issued capital100 | - | - | - | €18,600 | €18,600 | = |
| Reserves13 | €57 | €57 | €57 | €57 | €57 | = |
| Non-distributable reserves130/1 | - | - | - | €57 | €57 | = |
| Reserves not available under the articles1311 | - | - | - | €57 | €57 | = |
| Profit (loss) carried forward14 | -€16,048 | -€17,258 | -€18,468 | -€7,640 | €29,641 | - |
| Amounts payable17/49 | €10,138 | €11,348 | €158 | €159 | €175,388 | ▲ 1,103× |
| Amounts payable within one year42/48 | €10,138 | €11,348 | €158 | €159 | €175,388 | ▲ 1,103× |
| Trade debts44 | €303 | - | - | - | €175,229 | - |
| Suppliers440/4 | - | - | - | - | €175,229 | - |
| Other amounts payable47/48 | - | - | - | €159 | €159 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,210 | -€1,210 | -€1,210 | €10,828 | €37,281 | ▲ 244% |
| Operating cash flow (approximation) | -€1,210 | -€1,210 | -€1,210 | €10,828 | €37,281 | ▲ 244% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 13 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2022 | micro format | 12-10-2023 | 2023-00484081 | |
| 31-12-2021 | micro format | 18-03-2023 | 2023-00041355 | |
| 31-12-2020 | micro format | 19-05-2021 | 2021-14500412 | |
| 31-12-2019 | micro format | 04-08-2020 | 2020-38400231 | |
| 31-12-2018 | micro format | 08-08-2019 | 2019-45300091 | |
| 31-12-2017 | micro format | 28-09-2018 | 2018-67500252 | |
| 31-12-2016 | micro format | 30-06-2017 | 2017-26700232 | |
| 31-12-2015 | full format | 19-08-2016 | 2016-46200457 | |
| 31-12-2011 | full format | 29-08-2012 | 2012-51800422 | |
| 31-12-2010 | full format | 10-08-2011 | 2011-39200274 |
Board & ownership
Directors
Directors
1 director, last change in 2023
Cevdet KEBAPCI
Current
Director · appointed by deed of 04-10-2023
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | Alain Henderickx Rue De Stassart 48 Bl C/6, 1050 Ixelles |
02-03-2026 → present |
Owners and capital
Shareholders
Stated in the deed
deed of 04-10-2023 ↗
- AVCI Halil 100 shares
- Cevdet KEBAPCI 100 shares
Share transfer
deed of 04-10-2023 ↗
- AVCI Halil to Cevdet KEBAPCI 100 shares
Stated in the deed
deed of 14-04-2023 ↗
- Halil AVCI 100 shares
Share transfer
deed of 14-04-2023 ↗
- Cevdet KEBAPCI to Halil AVCI 100 shares
Share transfer
deed of 14-11-2022 ↗
Mandate history
3 people, 1 in office
- Board
- mandate already running before its first mention
| Name | Functions and periods |
|---|---|
| Cevdet KEBAPCI |
|
| AVCI Halil |
|
| MEHMET ALI OZ |
|
Network & group
SECURITY & DEVELOPMENT shares no director with another company.
Companies at the same address
5 other companies- Bella Ciaoo Registered office · since 04-03-2020Founded in 2020 · total assets €117,430 (2025) 0744.707.602
- J & L COIFFURE Registered office · since 01-01-2016Founded in 2015 · total assets €19,139 (2025) · negative equity 0643.687.446
- AKTAN INVEST Registered office · since 02-04-2013Founded in 2013 · total assets €622,578 (2025) 0525.634.783
- EUROPEENNE DE PARTICIPATIONS IMMOBILIERES Registered office · since 27-01-1993Founded in 1992 · total assets €825,544 (2025) 0449.142.365
- Dekindt, Philippe (sole trader) Establishment · since 26-02-1988Founded in 1975 0551.395.411
Connections & network
1 current directorThe network starts from the directors of SECURITY & DEVELOPMENT. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Deeds, filings and financial milestones
2026
10-03
Bankruptcy
Bankruptcy declared
French-language Enterprise Court of Brussels · judgment of 02-03-2026
2025
07-03
KBO administration
Address struck
2023
12-10
micro format · 73 days late
04-10
Gazette deed
Registered office moved from Ixelles to EvereTransfer of 100 shares from AVCI Halil to Cevdet KEBAPCI · New registered office: Avenue de Notre-Dame 135 B1, 1140 Evere · Previous registered office: Av. Louise 209A B7, 1050 Ixelles8 points ▸
Gazette deed
Registered office moved from Ixelles to Evere
Transfer of 100 shares from AVCI Halil to Cevdet KEBAPCI · New registered office: Avenue de Notre-Dame 135 B1, 1140 Evere · Previous registered office: Av. Louise 209A B7, 1050 Ixelles8 points ▸
- General meeting, 31-03-2023
- AVCI Halil holds 100 shares
- Share transfer, AVCI Halil → Cevdet KEBAPCI, 100 shares
- Cevdet KEBAPCI holds 100 shares
- Director resignation, AVCI Halil
- Director discharge, AVCI Halil
- Director appointment, Cevdet KEBAPCI
- Registered-office move, Avenue de Notre-Dame 135 B1, 1140 Evere
- The deed holds 2 more points.
14-04
Gazette deed
Registered office moved from Evere to BrusselsTransfer of 100 shares from Cevdet KEBAPCI to Halil AVCI · New registered office: Avenue Louise 209A, Boite 7, 1050 Bruxelles · Previous registered office: Avenue Notre-Dame 135 Boîte 1, 1140 Evere7 points ▸
Gazette deed
Registered office moved from Evere to Brussels
Transfer of 100 shares from Cevdet KEBAPCI to Halil AVCI · New registered office: Avenue Louise 209A, Boite 7, 1050 Bruxelles · Previous registered office: Avenue Notre-Dame 135 Boîte 1, 1140 Evere7 points ▸
- General meeting, 31-12-2022
- Share transfer, Cevdet KEBAPCI → Halil AVCI, 100 shares
- Halil AVCI holds 100 shares
- Director resignation, Cevdet KEBAPCI
- Director discharge, Cevdet KEBAPCI
- Director appointment, Halil AVCI
- Registered-office move, Avenue Louise 209A, Boite 7, 1050 Bruxelles
- The deed holds 1 more point.
18-03
micro format · 230 days late
2022
31-12
Financial
Highest result from 2018 to 2022net €37,281 ▲244%
The operating result of €37,281 and the net result of €37,281 are both a record.
14-11
Gazette deed
Resignation: MEHMET ALI OZ (director)Transfer of shares from MEHMET ALI OZ to KEBAPCI CEVDET · Appointment: KEBAPCI CEVDET (director)4 points ▸
Gazette deed
Resignation: MEHMET ALI OZ (director)
Transfer of shares from MEHMET ALI OZ to KEBAPCI CEVDET · Appointment: KEBAPCI CEVDET (director)4 points ▸
- General meeting, 07-02-2022
- Director resignation, MEHMET ALI OZ
- Director appointment, KEBAPCI CEVDET
- Share transfer, MEHMET ALI OZ → KEBAPCI CEVDET
- The deed holds 1 more point.
2021
31-12
Financial
Back to profitnet €10,828
The net result is €10,828, after 3 loss-making years.
31-12
Financial
Liquidity more than 37 timescurrent ratio 69.97
The current ratio rises from 1.88 to 69.97.
09-11
Gazette deed
Resignation: KEBAPCI CEVDET (director)Transfer of shares from KEBAPCI CEVDET to OZ MEHMET ALI · Appointment: OZ MEHMET ALI (director)4 points ▸
Gazette deed
Resignation: KEBAPCI CEVDET (director)
Transfer of shares from KEBAPCI CEVDET to OZ MEHMET ALI · Appointment: OZ MEHMET ALI (director)4 points ▸
- General meeting, 14-06-2021
- Director resignation, KEBAPCI CEVDET
- Director appointment, OZ MEHMET ALI
- Share transfer, KEBAPCI CEVDET → OZ MEHMET ALI
- The deed holds 2 more points.
19-05
micro format · 73 days before the deadline
Show earlier events
2020
31-12
Financial
Liquidity more than 71 timescurrent ratio 1.88
The current ratio rises from 0.03 to 1.88. Short-term debt falls from €11,348 to €158.
04-08
micro format · 4 days late
2019
08-08
micro format · 8 days late
2018
28-09
micro format · 59 days late
2017
30-06
micro format · 31 days before the deadline
2016
19-08
full format · 19 days late
2012
29-08
full format · 29 days late
2011
10-08
full format · 10 days late
2007
02-01
8 publications in the Belgian Official Gazette, the last on 04-10-2023
SignalFinancial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Bankruptcy opened
- Last annual accounts
- financial year to 31 December 2022
- Legal form
- Private limited company (pre-2019)
- Active since
- 14 December 2006
Register details
Identity
Name
SECURITY & DEVELOPMENT in French
Enterprise number
0885.821.321
Entity type
Legal entity
Registered office and establishments
Registered office
2 former offices
- Av. Louise 209A B7, 1050 Ixelles until 01-04-2023 · deed of 04-10-2023
- Avenue Notre-Dame 135 Boîte 1, 1140 Evere until 24-03-2023 · deed of 14-04-2023
Establishment unit
SECURITY & DEVELOPMENT since 16-01-2007 · unit number 2.158.593.656 70200 Business and other management consultancy
E-mail
sdc@security-development.eu
Phone
0484849384
Fax
010/450837
Invoicing and payment
VAT number
BE 0885.821.321
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Sites & property
Location
Buildings and parcels at the address
Ground area
156 m²
Building footprint
133 m²
Building volume
1,451 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21372D0187/00T010 ProtectedMonumentGebouw Van Ooteghem |
Brussels | 156 m² | 1 · 133 m² | 16.8 m · 5 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.