SECURITY TWO
ActiveSummary
SECURITY TWO has the legal form “Partnership limited by shares” in the KBO; Checked does not compute a bankruptcy probability for it. The 2025 annual accounts show equity of €3.0m and a net result of -€63,177. Equity is shrinking by about 6.4% per year across the filed financial years. The company has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €3.0m
- Loss
- -€63,177
- Holdings
- 3
Signalsraises riskPersistent losses2025 accounts filed 84 days lateShow the evidence
Checked score
The KBO gives the legal form as “Partnership limited by shares”. We show no bankruptcy probability for it: the model is built on companies and gives no reliable figure for this form.
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Signals
This company filed its last 7 accounts on average 92 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2025, abbreviated format
2025 annual accounts filed late (84 days) Filed on 23 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00566880.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €77,257 in 2025 against €85,676 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
- 2021 Net result -1,958% on 2020. The accounts now follow the micro format, last year the full format.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €12,907 | - | €13,410 | €72,896 | ▲ 444% |
| Remuneration, social security and pensions62 | - | - | €31,144 | - | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,484 | €2,355 | €60,630 | €61,834 | €72,272 | €73,651 | €73,482 | €60,054 | ▼ 18.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | €1,537 | - | - |
| Other operating charges640/8 | - | - | €9,783 | €48,083 | €10,828 | €8,412 | €7,099 | €12,482 | ▲ 75.8% |
| Non-recurring operating charges66A | - | - | - | - | €5,293 | - | - | €19,267 | - |
| Gross operating margin9900 | -€16,323 | €3,287 | -€14,576 | -€10,072 | -€6,818 | -€6,494 | -€3,557 | €14,545 | - |
| Operating profit (loss)9901 | -€61,045 | -€33,631 | -€116,133 | -€119,989 | -€95,211 | -€88,557 | -€85,676 | -€77,257 | ▲ 9.8% |
| Financial income75/76B | - | - | €164,676 | €105,708 | €84,339 | €81,277 | €25,834 | €48,506 | ▲ 87.8% |
| Recurring financial income75 | €149,681 | €320,589 | €162,898 | €104,555 | €84,339 | €57,376 | €25,834 | €48,506 | ▲ 87.8% |
| Non-recurring financial income76B | - | - | €1,778 | €1,153 | - | €23,901 | - | - | - |
| Financial charges65/66B | - | - | €39,735 | €60,155 | €48,157 | €74,906 | €63,895 | €34,623 | ▼ 45.8% |
| Recurring financial charges65 | €6,857 | €11,560 | €20,836 | €26,830 | €27,226 | €39,634 | €45,668 | €34,623 | ▼ 24.2% |
| Non-recurring financial charges66B | - | - | €18,899 | €33,325 | €20,932 | €35,271 | €18,228 | - | - |
| Profit (loss) for the period before taxes9903 | €81,779 | €286,627 | €8,808 | -€74,435 | -€59,029 | -€82,186 | -€123,737 | -€63,374 | ▲ 48.8% |
| Income taxes67/77 | €70,187 | €88,132 | €15,333 | €59,881 | -€25,346 | -€923 | - | -€198 | - |
| Profit (loss) for the period9904 | €11,593 | €198,496 | -€6,525 | -€134,316 | -€33,683 | -€81,262 | -€123,737 | -€63,177 | ▲ 48.9% |
| Profit (loss) for the period to be appropriated9905 | €11,593 | €198,496 | -€6,525 | -€134,316 | -€33,683 | -€81,262 | -€123,737 | -€63,177 | ▲ 48.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €5.6m | €5.9m | €5.4m | €5.2m | €4.9m | €4.6m | €4.3m | €3.8m | ▼ 10.4% |
| Fixed assets21/28 | €0.3m | €0.6m | €1.6m | €1.6m | €1.9m | €1.8m | €1.7m | €1.2m | ▼ 26.8% |
| Intangible fixed assets21 | - | - | €0.2m | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | ▼ 20.0% |
| Tangible fixed assets22/27 | €0.002m | €0.3m | €1.2m | €1.2m | €1.5m | €1.4m | €1.4m | €0.9m | ▼ 31.8% |
| Land and buildings22 | - | - | €1.2m | €1.2m | €1.4m | €1.4m | €1.4m | €0.9m | ▼ 32.0% |
| Plant, machinery and equipment23 | - | - | €0.002m | €0.001m | €0.001m | €0.001m | €0.001m | €0.002m | ▲ 129% |
| Furniture and vehicles24 | - | - | €0.02m | €0.008m | €0.02m | €0.02m | €0.009m | €0.007m | ▼ 20.7% |
| Financial fixed assets28 | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Current assets29/58 | €5.3m | €5.3m | €3.8m | €3.6m | €3.1m | €2.8m | €2.6m | €2.6m | ▲ 0.4% |
| Amounts receivable after more than one year29 | - | - | €1.5m | €1.5m | €1.4m | €1.3m | €1.3m | €1.3m | ▲ 0.1% |
| Other amounts receivable291 | - | - | €1.5m | €1.5m | €1.4m | €1.3m | €1.3m | €1.3m | ▲ 0.1% |
| Stocks and contracts in progress3 | - | - | €0.6m | €0.6m | - | - | - | - | - |
| Stocks30/36 | - | - | €0.6m | €0.6m | - | - | - | - | - |
| Amounts receivable within one year40/41 | €1.7m | €1.9m | €0.006m | €0.1m | €0.1m | €0.2m | €0.2m | €0.3m | ▲ 15.3% |
| Trade receivables40 | - | - | €0.002m | €0.002m | €0.002m | €0.007m | €0.02m | - | - |
| Other amounts receivable41 | - | - | €0.005m | €0.1m | €0.1m | €0.2m | €0.2m | €0.3m | ▲ 23.4% |
| Current investments50/53 | €1.9m | €1.7m | €1.4m | €1.4m | €1.3m | €1.3m | €1.0m | €0.9m | ▼ 6.7% |
| Cash at bank and in hand54/58 | €0.04m | €0.1m | €0.3m | €0.04m | €0.2m | €0.02m | €0.07m | €0.1m | ▲ 55.4% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | - | €0.002m | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €5.6m | €5.9m | €5.4m | €5.2m | €4.9m | €4.6m | €4.3m | €3.8m | ▼ 10.4% |
| Equity10/15 | €5.1m | €4.3m | - | €4.0m | €3.8m | €3.5m | €3.2m | €3.0m | ▼ 6.9% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Non-distributable reserves130/1 | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Legal reserve130 | - | - | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Profit (loss) carried forward14 | €4.9m | €4.1m | €4.1m | €3.8m | €3.6m | €3.4m | €3.1m | €2.9m | ▼ 7.3% |
| Amounts payable17/49 | €0.5m | €1.6m | €1.1m | €1.2m | €1.2m | €1.1m | €1.1m | €0.8m | ▼ 21.2% |
| Amounts payable after more than one year17 | - | €0.009m | €0.5m | €0.5m | €0.4m | €0.4m | €0.3m | €0.2m | ▼ 21.3% |
| Financial debts170/4 | - | - | €0.5m | €0.5m | €0.4m | €0.4m | €0.3m | €0.2m | ▼ 21.3% |
| Amounts payable within one year42/48 | €0.5m | €1.6m | €0.6m | €0.8m | €0.8m | €0.7m | €0.7m | €0.6m | ▼ 21.2% |
| Current portion of amounts payable after more than one year42 | - | - | €0.06m | €0.05m | €0.05m | €0.05m | €0.05m | €0.05m | ▲ 9.9% |
| Financial debts43 | - | - | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.3m | ▼ 30.1% |
| Credit institutions430/8 | - | - | €0.5m | €0.5m | €0.5m | €0.5m | €0.5m | €0.3m | ▼ 30.1% |
| Trade debts44 | €0.003m | €0.04m | €0.002m | €0.007m | €454 | - | €0.04m | €0.03m | ▼ 34.1% |
| Suppliers440/4 | - | - | €0.002m | €0.007m | €454 | - | €0.04m | €0.03m | ▼ 34.1% |
| Taxes, remuneration and social security45 | - | - | €0.07m | €0.05m | €0.05m | €0.05m | €0.05m | - | - |
| Taxes450/3 | - | - | €0.07m | €0.05m | €0.05m | €0.05m | €0.05m | - | - |
| Remuneration and social security454/9 | - | - | €0.001m | - | - | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €0.2m | €0.2m | €0.1m | €0.1m | €0.2m | ▲ 42.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.01m | €0.2m | -€0.007m | -€0.1m | -€0.03m | -€0.08m | -€0.1m | -€0.06m | ▲ 48.9% |
| + Depreciation and write-downs630 | €0.009m | €0.002m | €0.06m | €0.06m | €0.07m | €0.07m | €0.07m | €0.06m | ▼ 18.3% |
| Operating cash flow (approximation) | €0.02m | €0.2m | €0.05m | -€0.07m | €0.04m | -€0.008m | -€0.05m | -€0.003m | ▲ 93.8% |
| Investment in fixed assets (approximation) | - | -€0.3m | -€1.1m | -€0.02m | -€0.3m | -€0.01m | €0.009m | €0.4m | ▲ 42× |
| Change in cash | - | €0.1m | €0.1m | -€0.2m | €0.2m | -€0.2m | €0.05m | €0.04m | ▼ 19.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 21 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 23-10-2026 | 2026-00566880 |
| 31-12-2024 | micro format | 29-09-2025 | 2025-00509117 |
| 31-12-2023 | micro format | 31-08-2024 | 2024-00423996 |
| 31-12-2022 | micro format | 29-09-2023 | 2023-00458905 |
| 31-12-2021 | micro format | 23-03-2023 | 2023-00043840 |
| 31-12-2020 | full format | 29-10-2021 | 2021-75500092 |
| 31-12-2019 | micro format | 26-10-2020 | 2020-63300563 |
| 31-12-2018 | full format | 05-07-2019 | 2019-30200011 |
| 31-12-2017 | full format | 22-08-2018 | 2018-48100161 |
| 31-12-2016 | full format | 30-08-2017 | 2017-53700225 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Holdings and subsidiaries
3 holdingsHoldings 3
Source for every holding own accounts 2025
- Equity €81,989Result -€93750%
- Equity -€31,793Result -€10,72334%
- Equity -€60,701Result -€33,11031%
According to the 2025 annual accounts of SECURITY TWO and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
No directors read yet: 0 of 7 Gazette acts processed.
History
Acts, filings and financial milestones
About the unread acts
We know of 7 Belgian Official Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Register details
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
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Register as of 29 October 2026 · Peppol Directory
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Recognitions · licences · registrations
Legal Entity Identifier
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 63043A0103/00E000 | Wallonia | 1,273 m² | 1 · 198 m² | 8.5 m · 2 |
| 62101C0046/00M000 | Wallonia | 1,227 m² | 1 · 135 m² | - |