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SECURITY FIRST

Active
Private limited companyfounded 20206 years activeTolstraat 36, 9550 Herzele, BelgiumKBO/BCE: BE 0743.837.075
Summary

SECURITY FIRST has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €70,204 and a net result of €28,317. Equity is growing by ~35.5% per year across the filed fiscal years. Its solvency ranks better than 46% of 248 sector peers (NACE 27, fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Overview

Activity
Manufacture of electrical equipment
NACE 27900General electrical installation work NACE 43211
2 sites
Size
€153,044total assets 2025
Staff
1.4 FTE
Equity
€70,204
Profit
€28,317
Turnover not published (abridged schema)
Financial health
70 Healthy Checked score 2025
Bankruptcy probability, 12 months
0.7%
Structure
Accounts filed 25 days late0 of 1 deed read
Why 70- Size: total assets €153,044- Founded in 2020- Sector Manufacture of electrical equipment (NACE 27)+ Liquidity: current ratio 1.66, cash €19,035Show the evidence

Checked score

Score 2025
70 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 66% of its sector peers (NACE 27, micro)
Financial strength · tick = 2024
Strong
Solvency 71-18
equity 45.9% of total assets
Liquidity 47-16
short-term debt 39.0% · cash 12.4%
Profitability 92-5
return on assets 18.5%
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%

About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (435 companies)
Last 24 months 11-2024: 1.0% 12-2024: 1.0%● unchanged vs 11-2024 01-2025: 1.1%▲ +0.1 percentage points vs 12-2024 02-2025: 1.6%▲ +0.5 percentage points vs 01-2025highest value 03-2025: 0.6%▼ -1.0 percentage point vs 02-2025 04-2025: 0.6%● unchanged vs 03-2025 05-2025: 0.6%● unchanged vs 04-2025 06-2025: 0.6%● unchanged vs 05-2025 07-2025: 0.6%● unchanged vs 06-2025lowest value 08-2025: 0.6%● unchanged vs 07-2025lowest value 09-2025: 0.6%● unchanged vs 08-2025 10-2025: 0.6%● unchanged vs 09-2025 11-2025: 0.6%● unchanged vs 10-2025 12-2025: 0.6%● unchanged vs 11-2025 01-2026: 0.7%▲ +0.1 percentage points vs 12-2025 02-2026: 1.3%▲ +0.6 percentage points vs 01-2026 03-2026: 0.7%▼ -0.6 percentage points vs 02-2026 04-2026: 0.7%● unchanged vs 03-2026 05-2026: 0.6%▼ -0.1 percentage points vs 04-2026 06-2026: 0.6%● unchanged vs 05-2026 07-2026: 0.6%● unchanged vs 06-2026 08-2026: 0.6%● unchanged vs 07-2026 09-2026: 0.6%● unchanged vs 08-2026 10-2026: 0.7%▲ +0.1 percentage points vs 09-2026
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 1.66 against 2.36 in 2024; short-term debt: 39% and cash: 12.4% of total assets), but 54.1% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 27, micro): better than 49% on solvency, 43% on liquidity, 82% on profitability and 90% on growth.

The bankruptcy probability was computed on 06-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
−lowers risk+raises risk○neutral
lowers risk · Liquidity: current ratio 1.66, cash €19,035
NBB · annual accounts
raises risk · Size: total assets €153,044
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Founded in 2020
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
raises risk · Sector Manufacture of electrical equipment (NACE 27)
KBO
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 25-02-2026, 25 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 · 5 filings
Deviation from the deadline
2025
25 days late
2024
7 days late
2023
on the day
2022
1 day early
2021
24 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 1 day after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 37% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 31 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-06-2026 close07-10-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · micro…
  2. Highest result since 2021net €28,317 ▲92.8%
  3. Annual accounts filedfiscal year 2024 · micro…

Key points

  • Positive: 5 profitable years in a rowprofit 2025: €28,317 5 years View
  • Total assets 20255 fiscal years filed €153,044 View
  • Active since 2020founded 19-02-2020 6 years View

By topic

Financials

Fiscal year
2025
Total assets
€153,044
Profit
€28,317
Solvency
45.9%
Total assets▲ 135%
Net result
20212025
Go to Financials

Timeline

Events
7
Since
2022
Next accounts
by 31-01-2027
  1. 31-01-2024Annual accounts filed
  2. 30-01-2023Annual accounts filed
  3. 30-06-2022Weakest financial year
Go to Timeline

Company details

Sites
2
Legal form
Private limited company
Activity
Manufacture of electrical equipmentNACE 27900
Founded
19-02-2020
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

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