Losses
-€125,807 in four years
Every financial year from 2022 to 2025 closed with a loss. 2025 was the heaviest.
SECURITY PRODUCTS
Lifetime
20 annual accounts with figures on one time axis, 33 filings since 1993peak €306,218 (2015)
€37,598▼ 55.8%
lowest -€140,636 (2011)
-€57,633▼ €48,534
peak €628,973 (2021)
€503,167▼ 10.3%
€71,519▼ 9.5%
peak 2.1 FTE (2013)
-not published
Board1 name since 2018
1 director
Documentsfilings and deeds
25-08-202625 days late
2025abbreviated format
Gross margin from €85,029 to €37,598Loss of €57,633Cash from €118,111 to €51,915
Key points
from the 2025 annual accountsFilings
33 annual accounts since 1993
Eight of the last ten came late. The 2019 accounts came latest: 53 days after the end of the period.
Position in the sector
-€57,633
Lower net result than 88% of companies in wholesale trade. Sector median €38,114 · 10,723 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 5,843 companies had the same profile as SECURITY PRODUCTS has now. Each dot stands for 15 companies, two years later.
84.3%
were still trading
13.6%
stopped another way
1.7%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 5,843 companies, not a prediction for SECURITY PRODUCTS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0448487517
Appointment: (director)
General meeting of 28-12-2017 · Gazette deed
First establishment
SECURITY PRODUCTS NV, Nijverheidsstraat 2C, Vilvoorde
Incorporation
published on 13-11-1992 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SECURITY PRODUCTS Vilvoorde | €574,686 | €37,598 | 87.6% | - |
| ADDAX Wevelgem | €768,213 | €78,206 | 53.3% | 0 |
| VECA ART Heist-op-den-Berg | €388,192 | €92,650 | 43.7% | - |
| GROOTHANDEL MAVECO Oudsbergen | €408,362 | €116,554 | 18.1% | 1 |
| BOUGARD BINCHE PROTECTION Binche | €648,177 | €118,150 | 86.3% | 1.5 |
| EVL Haacht | €209,534 | €67,875 | 62.8% | - |
| Eric Geboes Diest | €224,918 | €49,079 | 24.5% | - |
These companies have the same main activity as SECURITY PRODUCTS: wholesale trade (NACE 46421). They are comparable in size and age: total assets between €210,000 and €768,000, founded between 1989 and 2009.
Official details
Source: KBO- Status
- Active since 15-10-1992Normal situation
- Activity
- Wholesale tradeNACE 46421and 1 other
- Establishment unit
- 2.060.365.2211800 Vilvoorde, since 18-01-1993
- Financial year end
- 31 December
- Peppol
- Reachable since 19-12-2025
Annual accounts 2025
- ≈ €190,000estimated
- €574,686▼ 10.2%
- Employeeson 31-12-2025
- 1=
- Filing
- Filed on 25-08-2026
Insights on SECURITY PRODUCTS
SECURITY PRODUCTS files the abbreviated format. That format states no turnover. The gross margin fell from €70,263 in 2006 to €37,598 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SECURITY PRODUCTS
- What is the company number of SECURITY PRODUCTS?
- The company number of SECURITY PRODUCTS is 0448.487.517. The VAT number is the same number with BE in front: BE 0448.487.517.
- Where is SECURITY PRODUCTS based?
- The registered office is at Nijverheidsstraat 2, 1800 Vilvoorde.Company details
- What does SECURITY PRODUCTS do?
- According to the KBO register, the main activity is wholesale trade (NACE 46421).
- What is the legal form of SECURITY PRODUCTS?
- SECURITY PRODUCTS is a public limited company (NV).
- When was SECURITY PRODUCTS founded?
- SECURITY PRODUCTS was founded on 15-10-1992.
- Is SECURITY PRODUCTS still active?
- Yes, SECURITY PRODUCTS is an active enterprise in the KBO register.
- How many employees does SECURITY PRODUCTS have?
- SECURITY PRODUCTS had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of SECURITY PRODUCTS?
- The turnover in financial year 2025 is ≈ €190,000. This figure is estimated from the gross margin of €37,598 and 34 comparable companies (NACE 464). It probably lies between €120,000 and €390,000.
- Is SECURITY PRODUCTS profitable?
- In financial year 2025, SECURITY PRODUCTS made a loss of €57,633.
- Where can I find the annual accounts of SECURITY PRODUCTS?
- SECURITY PRODUCTS filed 33 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SECURITY PRODUCTS due?
- SECURITY PRODUCTS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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