Losses
-€6,016 in three years
Every financial year from 2023 to 2025 closed with a loss. 2025 was the heaviest.
Security Tool
Overview
Lifetime
3 annual accounts with figures on one time axispeak -€781 (2023)
-€2,515▼ €783
lowest -€3,074 (2025)
-€3,074▼ €1,098
peak €9,034 (2023)
€3,984▼ 43.6%
€5,481▼ 0.3%
Board3 names since 2022
3 directorsMUYS, Kilian Roger and 2 others
Documentsfilings and deeds
30-03-202631 days before the deadline
2025micro format
Gross margin from -€1,733 to -€2,515Loss of €3,074Equity from €7,058 to €3,984
Key points
from the 2025 annual accountsStarting capital
€10,000 100 shares
Board
1 joined · 2 left
Board changed. Latest change 31-03-2026 · 1 in office.
Turnover not published (micro format)
Checked score
67
Healthy
Financially stronger than 38% of micro companies in retail trade (NACE 47)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,277 companies (NACE 47, micro).
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 0.5%● unchanged vs 12-2024
02-2025: 0.5%● unchanged vs 01-2025
03-2025: 0.5%● unchanged vs 02-2025
04-2025: 0.6%▲ +0.1 percentage points vs 03-2025
05-2025: 0.5%▼ -0.1 percentage points vs 04-2025
06-2025: 0.5%● unchanged vs 05-2025
07-2025: 0.5%● unchanged vs 06-2025
08-2025: 0.5%● unchanged vs 07-2025
09-2025: 0.5%● unchanged vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025lowest value
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 1.2%▲ +0.7 percentage points vs 03-2026highest value
05-2026: 0.9%▼ -0.3 percentage points vs 04-2026
06-2026: 0.9%● unchanged vs 05-2026
07-2026: 0.9%● unchanged vs 06-2026
08-2026: 0.9%● unchanged vs 07-2026
09-2026: 0.9%● unchanged vs 08-2026
10-2026: 0.9%● unchanged vs 09-2026
11-2026: 0.9%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
1 change of registered office in 24 months
Founded in 2022
lowers risk
Liquidity: current ratio 1.73, cash €8,857
Figures for financial year 2025 (filed on 30-03-2026)
Calculation
The band follows from the bankruptcy probability. 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 47, micro). It does better than 57% of them on solvency, 76% on liquidity, 6% on profitability and 12% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,223 companies had the same profile as Security Tool has now. Each dot stands for 9 companies, two years later.
87.8%
were still trading
8.7%
stopped another way
3.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Security Tool itself: 0.9% within 12 months.
Test of the method
The method was tested on the 497,448 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 3,223 companies, not a prediction for Security Tool. 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 check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
232425
2023 to 2025 · latest year -€3,074
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-03-2026, 31 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
31 days early
2024
1 day early
2023
36 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 23 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 30 March (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end11-11-2026 today30-04-2027 deadline
Board and ownership
- PONNET, Kristof Marcel Margriet Albert Paula all the sharesdeed of 31-03-2026
Recent changes
Company renamed from APKM Investments to Security Tool
Registered office moved from Ooike to Wetteren · New registered office: Koningin Astridlaan 54a, 9230 Wetteren · Previous registered office: Meersbloem-Melden 46, 9700 Ooike · General meeting of 19-03-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0790123396
Incorporation
Founding capital of €10,000, 100 shares · Founders: POSTIAU Axel and MUYS Kilian Roger · Appointments: POSTIAU Axel (director) and MUYS Kilian Roger (director) · published on 30-08-2022 · Gazette deed
First establishment
APKM Investments, Meersbloem-Melden 46, Oudenaarde
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Security Tool Wetteren | €9,465 | -€2,515 | 42.1% | - |
| Sabdestock Seraing | €8,312 | -€5,271 | -122.1% | - |
| Box By Mixo Waterloo | €8,907 | -€29 | 88.3% | - |
| LUYOS Ans | €7,892 | -€3,285 | -433.7% | - |
| MKM SHOP Viroinval | €7,502 | -€7,398 | -142.0% | - |
| Monastery Edegem | €10,618 | -€2,918 | -68.9% | - |
| DANIEL CREGUT Belgique Tournai | €9,331 | €584 | 8.6% | - |
These companies have the same main activity as Security Tool: other non-specialised retail sale (NACE 47120). They are comparable in size and age: total assets between €7,500 and €10,600, founded between 2021 and 2023.
Official details
Source: KBO- Status
- Active since 26-08-2022Normal situation
- Activity
- Other non-specialised retail saleNACE 47120and 5 others
- Establishment unit
- 2.334.681.5189700 Oudenaarde, since 26-08-2022
- Financial year end
- 30 September
- Peppol
- Reachable since 28-08-2023
Annual accounts to 30-09-2025
- -€2,515▼ 45.2%
- €3,074▲ 55.6%
- €3,984▼ 43.6%
- €9,465▼ 24.6%
- Filing
- Filed on 30-03-2026, 31 days before the end of the filing period
Insights on Security Tool
Security Tool files the micro format. That format states no turnover. The gross margin fell from -€781 in 2023 to -€2,515 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 30-03-2026, 31 days before the deadline-€2,515
▼ €783
-€2,969
▼ €1,096
-€3,074
▼ €1,098
€3,984
▼ 43.6%
42.1%
▼ 14.1 percentage points
1.73
▼ 0.56
Turnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €9,465 on 30-09-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
42.1%
Higher than 58% of 22,939 companies in 2025.
1.73
Higher than 58% of 22,068 companies in 2025.
-32.5%
Higher than 8% of 22,218 companies in 2025.
Security Tool
Middle half of the sector
80% of the sector
Micro accounts in retail trade (NACE 47)
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
9,465 | 12,557 | 14,520 | |
29/58 |
9,465 | 12,557 | 14,520 | |
3 |
- | 4,382 | 4,382 | |
30/36 |
- | 4,382 | 4,382 | |
40/41 |
608 | 376 | 567 | |
41 |
608 | 376 | 567 | |
54/58 |
8,857 | 7,799 | 9,570 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
9,465 | 12,557 | 14,520 | |
10/15 |
3,984 | 7,058 | 9,034 | |
10/11 |
10,000 | 10,000 | 10,000 | |
14 |
-6,016 | -2,942 | -966 | |
17/49 |
5,481 | 5,499 | 5,486 | |
42/48 |
5,481 | 5,499 | 5,486 | |
44 |
- | 18 | 5 | |
440/4 |
- | 18 | 5 | |
47/48 |
5,481 | 5,481 | 5,481 | |
| Income statement | ||||
9900 |
-2,515 | -1,733 | -781 | |
640/8 |
454 | 141 | - | |
9901 |
-2,969 | -1,873 | -781 | |
75/76B |
- | 11 | - | |
75 |
- | 11 | - | |
65/66B |
105 | 114 | 185 | |
65 |
105 | 114 | 185 | |
9903 |
-3,074 | -1,976 | -966 | |
9904 |
-3,074 | -1,976 | -966 | |
9905 |
-3,074 | -1,976 | -966 | |
| Appropriation of the result | ||||
9906 |
-6,016 | -2,942 | -966 | |
14P |
-2,942 | -966 | - | |
| Document | ||||
The notes to these accounts have 1 item. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 30-03-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 1,058 | -1,771 | - | ||
| 3,984 | 7,058 | 9,034 | ||
| 42.1% | 56.2% | 62.2% | ||
| 1.73 | 2.28 | 2.65 | ||
| 1.73 | 1.49 | 1.85 | ||
| 1.38 | 0.78 | 0.61 | ||
| -77.2% | -28.0% | -10.7% | ||
| -32.5% | -15.7% | -6.7% |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Insights on Security Tool
The operating result for 2025 is a loss of €2,969, larger than the loss of €1,873 in 2024. It is the lowest result since 2023.
Debt's share of the balance-sheet total rises from 43.8% to 57.9%. Equity and debt are lower.
Board & ownership
Board
1 director, no change since March 2026Director (not named in the articles)
since 19-03-2026
term without a fixed end
listed in the 2025 annual accounts, filed on 30-03-2026
Mandates through the years
3 names, the dashed line is todayBoardEarliermandate already running before its first mention
Mandates as a list
- Kristof Ponnet
- Director (not named in the articles), since before 30-09-2025
- MUYS, Kilian Roger
- Director, appointed by deed of 30-08-2022, until 31-03-2026
- POSTIAU, Axel
- Director, appointed by deed of 30-08-2022, until 31-03-2026
Control
Shareholder
PONNET, Kristof Marcel Margriet Albert Paula
This company
Security Tool
Equity €3,984
Loss €3,074 in 2025
Capital
- Contribution
- €10,000
- Shares
- 100
- Contribution per share
- €100
- Equity per share
- €39.84 in 2025
- Source
- deed of 30-08-2022
Articles of association
deed of 30-08-2022 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director“Algemene kosten los van representatie-,reis- en verplaatsingskosten, algemene vergadering beslist of mandaat al dan niet ten kosteloze titel”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Monday of March at 19:00
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Ontbinding om welke reden en op welk ogenblik ook, algemene vergadering mag één of meerdere vereffenaars aanduiden,bevoegdheden omlijnen en…”
Shareholders
Stated in the deed
deed of 31-03-2026 ↗
- PONNET, Kristof Marcel Margriet Albert Paula all shares
At incorporation
deed of 30-08-2022 ↗
- POSTIAU Axel 50 shares (50%)
- MUYS Kilian Roger 50 shares (50%)
Network & group
No group
Security Tool has no parent and no holdings in its annual accounts. Kristof Ponnet is the only director.
At the same address
Koningin Astridlaan 54A, 9230 Wetteren · 1 other company| SECURITY TOOLS
registered office since 27-08-2014 · founded in 2014 |
total assets €272,730 (2025) 0560.855.384 |
Earlier ties
| MUYS LOGISTICS via MUYS, Kilian Roger, at Security Tool until 2026 · Director (not named in the articles) · deed of 25-06-2025 founded in 2022 |
total assets €81,396 (2025) |
Connections & network
The network starts from the earlier ties.
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
Timeline
8 events since 2022Board
Filings
Financial
Establishments
Address
20222023202420252026
Deadline for the 2026 accounts: 30-04-2027
2026
Company renamed from APKM Investments to Security ToolRegistered office moved from Ooike to Wetteren · New registered office: Koningin Astridlaan 54a, 9230 Wetteren · Previous registered office: Meersbloem-Melden 46, 9700 Ooike · General meeting of 19-03-20268 points ▸
- Incorporation, 25-08-2022
- General meeting, 19-03-2026
- PONNET, Kristof Marcel Margriet Albert Paula holds all the shares
- Name change, Security Tool
- Director resignation, POSTIAU, Axel (director (not named in the articles))
- Director resignation, MUYS, Kilian Roger (director (not named in the articles))
- Director appointment, PONNET, Kristof Marcel Margriet Albert Paula (director (not named in the articles))
- Registered-office move, Koningin Astridlaan 54a, 9230 Wetteren
- The deed holds 2 more points.
Annual accounts 2025 filed PDFmicro format · 31 days before the deadline
2025
Weakest financial year net -€3,074 The net result drops to -€3,074, the lowest from 2023 to 2025.
Annual accounts 2024 filed PDFmicro format · 1 day before the deadline
2024
Annual accounts 2023 filed PDFmicro format · 36 days before the deadline
2023
Registered in the Peppol Directory Reachable for e-invoices through 0208:0790123396
2022
IncorporationFounding capital of €10,000, 100 shares · Founders: POSTIAU Axel and MUYS Kilian Roger · Appointments: POSTIAU Axel (director) and MUYS Kilian Roger (director) · published on 30-08-20227 points ▸
- Founder, POSTIAU Axel
- Founder, MUYS Kilian Roger
- Founding capital, €10,000, 100 shares
- 100 shares
- Registered office clause, Meersbloem-Melden 46, 9700 Oudenaarde
- Director appointment, POSTIAU Axel
- Director appointment, MUYS Kilian Roger
- The deed holds 1 more point.
First establishment APKM Investments, Meersbloem-Melden 46, Oudenaarde
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
On 26 August 2022, Security Tool was incorporated as a private limited company by two natural persons, with a starting capital of €10,000.12 In 2026 the company took the name Security Tool.3 The registered office was moved to Wetteren in 2026.3 Kristof Ponnet has served as director since 2026.4 Total assets went from €14,520 in 2023 to €9,465 in 2025.5
Company details
Identity
- Enterprise number
- 0790.123.396
- VAT number
- BE 0790.123.396
- Peppol ID
- 0208:0790123396
- Other Peppol ID
- 9925:BE0790123396
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 26-08-2022
- Financial year
- ends on 30 September
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Monday of March at 19:00deed of 30-08-2022 (in Dutch)
- Peppol
- Reachable since 28-08-2023Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- Security Tool in Dutch
- Former name
- APKM Investments until 19-03-2026 · deed of 31-03-2026
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 30-08-2022 (in Dutch)
- Name clauseThe company operates under this name according to its articles.
- APKM Investmentsdeed of 30-08-2022 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 30-08-2022 (in Dutch)
Activities
NACEBEL 202547120
Other non-specialised retail sale main activity
46424
Wholesale trade
46497
Wholesale trade
Codes under NACEBEL 2008
47191
Retail trade main activity
46423
Wholesale of clothing, excluding workwear and underwear
46424
Wholesale trade
46497
Wholesale trade
46510
Wholesale trade
47410
Retail trade
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “De import, export, distributie, verkoop, verhuur, plaatsing, herstelling en advies van beveiligingsinstallaties, kluizen, brandkasten…”deed of 31-03-2026 (in Dutch)
17 activities
- De import, export, distributie, verkoop, verhuur, plaatsing, herstelling en advies van beveiligingsinstallaties, kluizen, brandkasten, wapenkasten, doorgeefsystemen voor balies en wanden, balies, hang- en sluitwerk, veiligheidsbeslag, veiligheidscilinders, toegangscontrolesystemen, loket-intercomsystemen, mechanische en elektrische sloten, kogelwerende beschermingsmaterialen, veiligheidsdeuren, brandwerende deuren en aanverwante producten in de meest ruime zin van het woord
- De beveiliging van zowel private als industriële gebouwen tegen diefstal, inbraak, ramkraak, overval en brand door bouwkundige of elektronische beveiliging
- Handelsbemiddeling in producten voor bouwkundige en elektronische beveiliging
- Samenwerken met, deelnemen in, of op gelijk welke wijze, rechtstreeks of onrechtstreeks, belangen nemen in andere ondernemingen
- Borg stellen, onder meer door haar goederen in hypotheek of in pand te geven, inclusief de eigen handelszaak
- Optreden als bestuurder, volmachtdrager, mandataris, of vereffenaar in andere vennootschappen of ondernemingen
- Het verwerven, beheren, vervreemden, uitbaten, onderhouden, verhuren, huren, onderverhuren, verkavelen, doen bouwen, verbouwen van onroerende goederen voor eigen rekening en het stellen van elke rechtshandeling welke zij wenselijk acht om dit voorwerp te bereiken
- Alle roerende en onroerende goederen als investering verwerven zelfs als deze noch rechtstreeks noch onrechtstreeks verband houden met voorwerp van de onderneming
- Alle commerciële, industriële, financiële, roerende of onroerende handelingen mogen verrichten in rechtstreeks of onrechtstreeks verband met haar voorwerp of welke van aard zouden zijn het bereiken ervan geheel of ten dele te vergemakkelijken
- Beveiligingsinstallaties
- Beveiliging gebouwen
- Handelsbemiddeling
- Samenwerking
- Borgstelling
- Bestuurder
- Onroerend goed
- Commerciële handelingen
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Koningin Astridlaan 54a registered office 9230 Wetteren | ||
| APKM Investments Meersbloem-Melden 46, 9700 Oudenaarde | 26-08-2022 | 2.334.681.518 |
Buildings and parcels at the addresses
- Ground area
- 8,959 m²
- Buildings
- 2,558 m²
- Volume, LiDAR
- 15,379 m³
- Tallest building
- 12.5 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 45023A1469/00F000 | 8,006 m² | 1 · 2,238 m² | 12.5 m · 2 |
| 42302E0009/00A008 | 953 m² | 1 · 320 m² | 11.8 m · 3 |