SECURUM
ActiveSummary
SECURUM has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €16,089 and a net result of €200. Equity is shrinking by ~15.8% per year across the filed fiscal years. Its solvency ranks better than 40% of 45 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability52▲+52
Solvency51▼-5
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.26 against 1.43 in 2024; short-term debt: 73.9% and cash: 0.8% of total assets), and 73.9% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 84
Relative position
BE, all sectors
reference
Public administration and defence; compulsory social security (NACE 84)
about 85% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
on the day
2023
30 d late
2022
31 d late
2021
17 d early
2020
22 d early
2019
4 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 7 days after the deadline; the sector median for financial year 2024 is 30 days before the deadline, and 18% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€16,089▲ 1.3%
2024 · €15,889
Total assets
€61,730▲ 19.3%
2024 · €51,732
Net result
€200
2024 · -€10,320
Working capital
€11,944▼ 21.8%
2024 · €15,280
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€6,686-€8,242€23,180-€9,043€4,665
Net result€5,454-€8,921€20,366-€10,320€200
Equity€20,764▲ 10.4%€11,843▼ 43.0%€26,209▲ 121%€15,889▼ 39.4%€16,089▲ 1.3%
Total assets€76,654▲ 13.9%€93,746▲ 22.3%€102,179▲ 9.0%€51,732▼ 49.4%€61,730▲ 19.3%
Debt€55,890▲ 15.3%€81,903▲ 46.5%€75,970▼ 7.2%€35,843▼ 52.8%€45,641▲ 27.3%
Working capital€17,955▲ 44.5%€11,234▼ 37.4%€25,600▲ 128%€15,280▼ 40.3%€11,944▼ 21.8%
Staff (FTE)3.2▲ 14.3%3.2=3.4▲ 6.3%3.1▼ 8.8%3.3▲ 6.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €4,665 after a loss of €9,043 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €61,730
Fixed assets
€4,145 ▲ 581%
Current assets
€57,585 ▲ 12.6%
Equity and liabilities €61,730
Equity
€16,089 ▲ 1.3%
Debt
€45,641 ▲ 27.3%
Debt's share of the balance-sheet total rises from 69.3% to 73.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€5,257
Cash flow
€792
Current ratio
1.26▼
2024 · 1.43
Debt to equity
2.84▲
2024 · 2.26
ROE
1.2%▲
2024 · -65.0%
ROA
0.3%▲
2024 · -19.9%
Interest coverage
3.89
Debt ≤ 1 year
€45,641▲
2024 · €35,843
Income taxes
€3,115▲
2024 · €532
Staff costs
€194,044▲
2024 · €180,452
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,972 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 96% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.2%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,972 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €2,833 | - | - | - | - |
| Remuneration, social security and pensions62 | €168,872 | €219,642 | €185,811 | €180,452 | €194,044 | ▲ 7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,737 | - | - | - | €592 | - |
| Other operating charges640/8 | €1,566 | €1,897 | €8,588 | €1,572 | €1,049 | ▼ 33.3% |
| Gross operating margin9900 | €181,861 | €213,296 | €217,579 | €172,982 | €200,350 | ▲ 15.8% |
| Operating profit (loss)9901 | €6,686 | -€8,242 | €23,180 | -€9,043 | €4,665 | ▲ 152% |
| Financial income75/76B | - | €4 | €0 | €0 | €1 | ▲ 560% |
| Recurring financial income75 | - | €4 | €0 | €0 | €1 | ▲ 560% |
| Financial charges65/66B | €151 | €513 | €1,064 | €746 | €1,351 | ▲ 81.2% |
| Recurring financial charges65 | €151 | €513 | €1,064 | €746 | €1,351 | ▲ 81.2% |
| Profit (loss) for the period before taxes9903 | €6,535 | -€8,751 | €22,115 | -€9,788 | €3,315 | ▲ 134% |
| Income taxes67/77 | €1,080 | €170 | €1,749 | €532 | €3,115 | ▲ 485% |
| Profit (loss) for the period9904 | €5,454 | -€8,921 | €20,366 | -€10,320 | €200 | ▲ 102% |
| Profit (loss) for the period to be appropriated9905 | €5,454 | -€8,921 | €20,366 | -€10,320 | €200 | ▲ 102% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €76,654 | €93,746 | €102,179 | €51,732 | €61,730 | ▲ 19.3% |
| Fixed assets21/28 | €2,809 | €609 | €609 | €609 | €4,145 | ▲ 581% |
| Tangible fixed assets22/27 | €2,200 | - | - | - | €3,536 | - |
| Furniture and vehicles24 | €2,200 | - | - | - | €3,536 | - |
| Financial fixed assets28 | €609 | €609 | €609 | €609 | €609 | = |
| Current assets29/58 | €73,846 | €93,137 | €101,570 | €51,123 | €57,585 | ▲ 12.6% |
| Amounts receivable within one year40/41 | €65,596 | €70,848 | €86,202 | €47,660 | €51,281 | ▲ 7.6% |
| Trade receivables40 | €55,844 | €69,796 | €82,663 | €47,228 | €46,211 | ▼ 2.2% |
| Other amounts receivable41 | €9,753 | €1,052 | €3,539 | €433 | €5,070 | ▲ 1,072% |
| Cash at bank and in hand54/58 | €6,794 | €20,978 | €13,764 | €1,865 | €484 | ▼ 74.1% |
| Deferred charges and accrued income490/1 | €1,455 | €1,312 | €1,604 | €1,598 | €5,821 | ▲ 264% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €76,654 | €93,746 | €102,179 | €51,732 | €61,730 | ▲ 19.3% |
| Equity10/15 | €20,764 | €11,843 | €26,209 | €15,889 | €16,089 | ▲ 1.3% |
| Contributions10/11 | €12,750 | €12,750 | €12,750 | €12,750 | €12,750 | = |
| Reserves13 | €8,014 | €8,014 | €8,014 | €8,014 | €8,014 | = |
| Non-distributable reserves130/1 | €2,175 | €2,175 | €2,175 | €2,175 | €2,175 | = |
| Reserves not available under the articles1311 | €2,175 | €2,175 | €2,175 | €2,175 | €2,175 | = |
| Distributable reserves133 | €5,839 | €5,839 | €5,839 | €5,839 | €5,839 | = |
| Profit (loss) carried forward14 | - | -€8,921 | €5,445 | -€4,875 | -€4,675 | ▲ 4.1% |
| Amounts payable17/49 | €55,890 | €81,903 | €75,970 | €35,843 | €45,641 | ▲ 27.3% |
| Amounts payable within one year42/48 | €55,890 | €81,903 | €75,970 | €35,843 | €45,641 | ▲ 27.3% |
| Current portion of amounts payable after more than one year42 | €1,162 | €14,000 | €0 | - | - | - |
| Financial debts43 | - | - | - | - | €6,001 | - |
| Credit institutions430/8 | - | - | - | - | €6,001 | - |
| Trade debts44 | €15,843 | €20,295 | €31,064 | €18,608 | €9,454 | ▼ 49.2% |
| Suppliers440/4 | €15,843 | €20,295 | €31,064 | €18,608 | €9,454 | ▼ 49.2% |
| Taxes, remuneration and social security45 | €21,008 | €25,574 | €25,023 | €16,232 | €30,178 | ▲ 85.9% |
| Taxes450/3 | €1,080 | - | €2,216 | €443 | €13,945 | ▲ 3,050% |
| Remuneration and social security454/9 | €19,928 | €25,574 | €22,807 | €15,789 | €16,233 | ▲ 2.8% |
| Other amounts payable47/48 | €17,877 | €22,034 | €19,883 | €1,003 | €8 | ▼ 99.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,454 | -€8,921 | €20,366 | -€10,320 | €200 | ▲ 102% |
| + Depreciation and write-downs630 | €4,737 | - | - | - | €592 | - |
| Operating cash flow (approximation) | €10,192 | -€8,921 | €20,366 | -€10,320 | €792 | ▲ 108% |
| Investment in fixed assets (approximation) | - | €2,200 | €0 | €0 | -€4,128 | - |
| Change in cash | - | €14,183 | -€7,214 | -€11,899 | -€1,381 | ▲ 88.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Back to profitnet €200
Net result €200 after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Back to profitnet €20,366
Net result €20,366 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €5,454
Net result €5,454 after one loss-making year.
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€41,966
Net result drops to -€41,966, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
08-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 8 days late
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2002
Ground area
814 m²
Building footprint
302 m²
Volume, LiDAR
5,610 m³
Parcel 11028A0147/00X005, Flanders · tallest building 22.3 m, ±6 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
SECURUM
since 20022.246.315.211
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11028A0147/00X005 | Flanders | 814 m² | 1 · 301 m² | 22.3 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 40 companies in sector 84249 we hold annual accounts for 16. 9 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded05-02-2002
Fiscal year end31-12
Activities, NACEBEL 2025
84249Public administration and defence; compulsory social security
E-invoicing
Reachable via Peppol
Peppol ID
0208:0476837053
Also
9925:BE0476837053
Registered
05-06-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.