SKYFORCE Cyber Security
ActiveSummary
SKYFORCE Cyber Security has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-387k) and a net result of €-129k. The figures fluctuate too strongly year-on-year for a reliable trend projection. The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▼-2
Solvency20▼-2
Growth55▼-17
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.37 against 0.38 in 2024; short-term debt: 53.3% and cash: 9.4% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-5.2%
Return on assets
-1.7%
Age of the figures
9 mo
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 · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-06-2026, 60 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
60 d early
2024
14 d early
2023
51 d early
2022
52 d early
2021
75 d early
2020
31 d early
2019
8 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, unclassified schema
Turnover
€5.65M▲ 3.6%
2024 · €5.46M
2018: €160klowest in 8 years
2019: €494k▲ +208% vs 2018
2020: €1.66M▲ +237% vs 2019
2021: €2.87M▲ +72.7% vs 2020
2022: €4.05M▲ +41.1% vs 2021
2023: €4.65M▲ +14.9% vs 2022
2024: €5.46M▲ +17.4% vs 2023
2025: €5.65M▲ +3.6% vs 2024highest in 8 years
2018 → 2025
EBIT margin
5.7%▼ 5.7pp
2024 · 11.4%
2018: 21.1%highest in 8 years
2019: -85.7%▼ -506% vs 2018lowest in 8 years
2020: -22.5%▲ +73.7% vs 2019
2021: 8.5%▲ +138% vs 2020
2022: 9.9%▲ +15.8% vs 2021
2023: 11.7%▲ +18.1% vs 2022
2024: 11.4%▼ -2.3% vs 2023
2025: 5.7%▼ -50.0% vs 2024
2018 → 2025
Net result
€-129k
2024 · €71k
2018: €34k
2019: €-477k▼ -1512% vs 2018
2020: €-517k▼ -8.5% vs 2019lowest in 8 years
2021: €39k▲ +108% vs 2020
2022: €157k▲ +303% vs 2021
2023: €223k▲ +41.8% vs 2022highest in 8 years
2024: €71k▼ -68.2% vs 2023
2025: €-129k▼ -282% vs 2024
2018 → 2025
Working capital
€-2.48M▲ 3.0%
2024 · €-2.56M
2018: €167khighest in 8 years
2019: €-227k▼ -235% vs 2018
2020: €-513k▼ -127% vs 2019
2021: €-1.43M▼ -178% vs 2020
2022: €-1.97M▼ -38.3% vs 2021
2023: €-2.15M▼ -9.1% vs 2022
2024: €-2.56M▼ -18.8% vs 2023lowest in 8 years
2025: €-2.48M▲ +3.0% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€2.87M-€4.05M▲ 41.1%€4.65M▲ 14.9%€5.46M▲ 17.4%€5.65M▲ 3.6%
2021: €2.87Mlowest in 5 years
2022: €4.05M▲ +41.1% vs 2021
2023: €4.65M▲ +14.9% vs 2022
2024: €5.46M▲ +17.4% vs 2023
2025: €5.65M▲ +3.6% vs 2024highest in 5 years
Equity€-710k-€-553k▲ 22.2%€-329k▲ 40.4%€-258k▲ 21.6%€-387k▼ 50.0%
2021: €-710klowest in 5 years
2022: €-553k▲ +22.2% vs 2021
2023: €-329k▲ +40.4% vs 2022
2024: €-258k▲ +21.6% vs 2023highest in 5 years
2025: €-387k▼ -50.0% vs 2024
Operating result€245k-€400k▲ 63.4%€543k▲ 35.8%€623k▲ 14.7%€323k▼ 48.2%
2021: €245klowest in 5 years
2022: €400k▲ +63.4% vs 2021
2023: €543k▲ +35.8% vs 2022
2024: €623k▲ +14.7% vs 2023highest in 5 years
2025: €323k▼ -48.2% vs 2024
Net result€39k-€157k▲ 303%€223k▲ 41.8%€71k▼ 68.2%€-129k
2021: €39k
2022: €157k▲ +303% vs 2021
2023: €223k▲ +41.8% vs 2022highest in 5 years
2024: €71k▼ -68.2% vs 2023
2025: €-129k▼ -282% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 48% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.44M
Fixed assets
€5.96M ▼ 9.4%
Current assets
€1.49M ▼ 4.5%
Key figures and ratios
EBITDA
€3.26M▼
2024 · €3.41M
Cash flow
€2.80M▼
2024 · €2.85M
Solvency
-5.2%▼
2024 · -3.2%
Current ratio
0.37▼
2024 · 0.38
Quick ratio
0.32▼
2024 · 0.33
Debt to equity
-20.22▲
2024 · -32.49
ROA
-1.7%▼
2024 · 0.9%
Interest coverage
8.30▼
2024 · 9.82
Debt
€7.83M▼
2024 · €8.39M
Debt ≤ 1 year
€3.97M▼
2024 · €4.11M
Debt > 1 year
€3.76M▼
2024 · €4.17M
Income taxes
€31k▼
2024 · €128k
Staff costs
€2.48M▼
2024 · €2.92M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 73 lines
Balance sheet
Code20242025
Assets
Total assets20/58€8.13M€7.44M▼
Fixed assets21/28€6.57M€5.96M▼
Intangible fixed assets21€32k€32k▲
Tangible fixed assets22/27€6.47M€5.85M▼
Plant, machinery and equipment23€1.30M€1.08M▼
Furniture and vehicles24€9k€4k▼
Leasing and similar rights25€5.16M€4.77M▼
Financial fixed assets28€76k€70k▼
Affiliated companies280/1€40k€40k=
Participating interests280€40k€40k=
Other financial fixed assets284/8€36k€30k▼
Amounts receivable and cash guarantees285/8€36k€30k▼
Current assets29/58€1.56M€1.49M▼
Stocks and contracts in progress3€200k€201k▲
Stocks30/36€200k€201k▲
Goods purchased for resale34€200k€201k▲
Amounts receivable within one year40/41€507k€496k▼
Trade receivables40€247k€273k▲
Other amounts receivable41€260k€223k▼
Cash at bank and in hand54/58€792k€699k▼
Deferred charges and accrued income490/1€57k€91k▲
Equity and liabilities
Total equity and liabilities10/49€8.13M€7.44M▼
Equity10/15€-258k€-387k▼
Contributions10/11€500k€500k=
Profit (loss) carried forward14€-758k€-887k▼
Amounts payable17/49€8.39M€7.83M▼
Amounts payable after more than one year17€4.17M€3.76M▼
Financial debts170/4€4.17M€3.76M▼
Subordinated loans170€1.67M€1.67M=
Leasing and similar obligations172€2.50M€2.09M▼
Amounts payable within one year42/48€4.11M€3.97M▼
Current portion of amounts payable after more than one year42€2.59M€2.64M▲
Financial debts43€865k€814k▼
Credit institutions430/8€865k€814k▼
Trade debts44€180k€158k▼
Suppliers440/4€180k€158k▼
Taxes, remuneration and social security45€479k€351k▼
Taxes450/3€121k€123k▲
Remuneration and social security454/9€358k€228k▼
Other amounts payable47/48€2k€2k▼
Accrued charges and deferred income492/3€101k€101k=
Income statement
Code20242025
Operating income70/76A€10.60M€8.88M▼
Turnover70€5.46M€5.65M▲
Own construction capitalised72€5.03M€3.07M▼
Other operating income74€88k€92k▲
Non-recurring operating income76A€28k€65k▲
Operating charges60/66A€9.98M€8.56M▼
Goods for resale, raw materials and consumables60€688k€379k▼
Purchases600/8€797k€380k▼
Change in stocks: decrease (increase)609€-109k€-671▲
Services and other goods61€2.25M€1.83M▼
Remuneration, social security and pensions62€2.92M€2.48M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2.78M€2.93M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-13k€56k▲
Other operating charges640/8€1.35M€872k▼
Non-recurring operating charges66A€0-
Operating profit (loss)9901€623k€323k▼
Financial income75/76B€640€1k▲
Recurring financial income75€640€1k▲
Other financial income752/9€640€1k▲
Financial charges65/66B€424k€423k▼
Recurring financial charges65€424k€423k▼
Debt charges650€347k€392k▲
Other financial charges652/9€77k€30k▼
Profit (loss) for the period before taxes9903€199k€-99k▼
Income taxes67/77€128k€31k▼
Taxes670/3€128k€39k▼
Tax adjustments and reversals of tax provisions77-€9k
Profit (loss) for the period9904€71k€-129k▼
Profit (loss) for the period to be appropriated9905€71k€-129k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-758k€-887k▼
Profit (loss) brought forward from the previous period14P€-829k€-758k▲
Social balance
Average headcount (FTE)908758.854.2▼
The notes to these accounts (70 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €8.27M | €10.60M | €8.88M | ▼ 16.2% |
| Turnover70 | €2.87M | €4.05M | €4.65M | €5.46M | €5.65M | ▲ 3.6% |
| Own construction capitalised72 | - | - | €3.57M | €5.03M | €3.07M | ▼ 39.0% |
| Other operating income74 | - | - | €52k | €88k | €92k | ▲ 3.7% |
| Non-recurring operating income76A | - | - | - | €28k | €65k | ▲ 131% |
| Operating charges60/66A | - | - | €7.73M | €9.98M | €8.56M | ▼ 14.2% |
| Goods, raw materials, services and sundry goods60/61 | €1.84M | €1.96M | - | - | - | - |
| Goods for resale, raw materials and consumables60 | - | - | €358k | €688k | €379k | ▼ 44.9% |
| Purchases600/8 | - | - | €314k | €797k | €380k | ▼ 52.3% |
| Change in stocks: decrease (increase)609 | - | - | €44k | €-109k | €-671 | ▲ 99.4% |
| Services and other goods61 | - | - | €1.86M | €2.25M | €1.83M | ▼ 18.4% |
| Remuneration, social security and pensions62 | €2.24M | €2.35M | €2.14M | €2.92M | €2.48M | ▼ 14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.38M | €2.02M | €2.44M | €2.78M | €2.93M | ▲ 5.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €30k | €56k | €7k | €-13k | €56k | ▲ 528% |
| Other operating charges640/8 | €785k | €877k | €925k | €1.35M | €872k | ▼ 35.6% |
| Non-recurring operating charges66A | - | - | €3 | €0 | - | - |
| Gross operating margin9900 | €4.68M | €5.71M | - | - | - | - |
| Operating profit (loss)9901 | €245k | €400k | €543k | €623k | €323k | ▼ 48.2% |
| Financial income75/76B | €0 | €0 | €480 | €640 | €1k | ▲ 131% |
| Recurring financial income75 | €0 | €0 | €480 | €640 | €1k | ▲ 131% |
| Other financial income752/9 | - | - | €480 | €640 | €1k | ▲ 131% |
| Non-recurring financial income76B | €0 | - | - | - | - | - |
| Financial charges65/66B | €200k | €233k | €311k | €424k | €423k | ▼ 0.4% |
| Recurring financial charges65 | €200k | €233k | €311k | €424k | €423k | ▼ 0.4% |
| Debt charges650 | - | - | €263k | €347k | €392k | ▲ 13.1% |
| Other financial charges652/9 | - | - | €48k | €77k | €30k | ▼ 61.1% |
| Profit (loss) for the period before taxes9903 | €45k | €167k | €233k | €199k | €-99k | ▼ 149% |
| Income taxes67/77 | €6k | €9k | €10k | €128k | €31k | ▼ 76.2% |
| Taxes670/3 | - | - | €10k | €128k | €39k | ▼ 69.4% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | €9k | - |
| Profit (loss) for the period9904 | €39k | €157k | €223k | €71k | €-129k | ▼ 282% |
| Profit (loss) for the period to be appropriated9905 | €39k | €157k | €223k | €71k | €-129k | ▼ 282% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.47M | €6.19M | €6.72M | €8.13M | €7.44M | ▼ 8.5% |
| Fixed assets21/28 | €4.42M | €5.19M | €5.50M | €6.57M | €5.96M | ▼ 9.4% |
| Intangible fixed assets21 | €2k | €51k | €47k | €32k | €32k | ▲ 1.3% |
| Tangible fixed assets22/27 | €4.37M | €5.11M | €5.42M | €6.47M | €5.85M | ▼ 9.5% |
| Plant, machinery and equipment23 | €957k | €1.03M | €1.10M | €1.30M | €1.08M | ▼ 17.0% |
| Furniture and vehicles24 | €22k | €16k | €9k | €9k | €4k | ▼ 59.4% |
| Leasing and similar rights25 | €3.39M | €4.06M | €4.31M | €5.16M | €4.77M | ▼ 7.5% |
| Financial fixed assets28 | €49k | €34k | €26k | €76k | €70k | ▼ 7.7% |
| Affiliated companies280/1 | - | - | - | €40k | €40k | = |
| Participating interests280 | - | - | - | €40k | €40k | = |
| Other financial fixed assets284/8 | - | - | €26k | €36k | €30k | ▼ 16.2% |
| Amounts receivable and cash guarantees285/8 | - | - | €26k | €36k | €30k | ▼ 16.2% |
| Current assets29/58 | €1.04M | €996k | €1.23M | €1.56M | €1.49M | ▼ 4.5% |
| Stocks and contracts in progress3 | €120k | €135k | €91k | €200k | €201k | ▲ 0.3% |
| Stocks30/36 | €120k | €135k | €91k | €200k | €201k | ▲ 0.3% |
| Goods purchased for resale34 | - | - | €91k | €200k | €201k | ▲ 0.3% |
| Amounts receivable within one year40/41 | €411k | €692k | €254k | €507k | €496k | ▼ 2.2% |
| Trade receivables40 | €409k | €691k | €252k | €247k | €273k | ▲ 10.4% |
| Other amounts receivable41 | €2k | €2k | €2k | €260k | €223k | ▼ 14.3% |
| Cash at bank and in hand54/58 | €483k | €124k | €855k | €792k | €699k | ▼ 11.8% |
| Deferred charges and accrued income490/1 | €30k | €45k | €27k | €57k | €91k | ▲ 59.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.47M | €6.19M | €6.72M | €8.13M | €7.44M | ▼ 8.5% |
| Equity10/15 | €-710k | €-553k | €-329k | €-258k | €-387k | ▼ 50.0% |
| Contributions10/11 | €500k | €500k | €500k | €500k | €500k | = |
| Profit (loss) carried forward14 | €-1.21M | €-1.05M | €-829k | €-758k | €-887k | ▼ 17.0% |
| Amounts payable17/49 | €6.18M | €6.74M | €7.05M | €8.39M | €7.83M | ▼ 6.7% |
| Amounts payable after more than one year17 | €3.61M | €3.67M | €3.57M | €4.17M | €3.76M | ▼ 9.9% |
| Financial debts170/4 | €3.60M | €3.67M | €3.57M | €4.17M | €3.76M | ▼ 9.9% |
| Subordinated loans170 | - | - | €1.67M | €1.67M | €1.67M | = |
| Leasing and similar obligations172 | - | - | €1.90M | €2.50M | €2.09M | ▼ 16.5% |
| Credit institutions173 | - | - | €0 | - | - | - |
| Other amounts payable178/9 | €11k | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €2.47M | €2.97M | €3.38M | €4.11M | €3.97M | ▼ 3.6% |
| Current portion of amounts payable after more than one year42 | €1.75M | €2.21M | €2.34M | €2.59M | €2.64M | ▲ 2.2% |
| Financial debts43 | €200k | €350k | €623k | €865k | €814k | ▼ 5.9% |
| Credit institutions430/8 | €200k | €350k | €623k | €865k | €814k | ▼ 5.9% |
| Trade debts44 | €13k | €47k | €62k | €180k | €158k | ▼ 12.3% |
| Suppliers440/4 | €13k | €47k | €62k | €180k | €158k | ▼ 12.3% |
| Taxes, remuneration and social security45 | €503k | €355k | €352k | €479k | €351k | ▼ 26.8% |
| Taxes450/3 | €143k | €108k | €98k | €121k | €123k | ▲ 1.5% |
| Remuneration and social security454/9 | €360k | €247k | €254k | €358k | €228k | ▼ 36.3% |
| Other amounts payable47/48 | €6k | €6k | €7k | €2k | €2k | ▼ 20.8% |
| Accrued charges and deferred income492/3 | €93k | €100k | €101k | €101k | €101k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39k | €157k | €223k | €71k | €-129k | ▼ 282% |
| + Depreciation and write-downs630 | €1.38M | €2.02M | €2.44M | €2.78M | €2.93M | ▲ 5.4% |
| Operating cash flow (approximation) | €1.42M | €2.18M | €2.67M | €2.85M | €2.80M | ▼ 1.8% |
| Investment in fixed assets (approximation) | - | €-2.79M | €-2.75M | €-3.86M | €-2.32M | ▲ 40.0% |
| Change in cash | - | €-359k | €731k | €-63k | €-93k | ▼ 46.6% |
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
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · unclassified schema
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema
2024
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema
10-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €223k ▲41.8%
Net result €223k, the highest in the series.
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
17-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €39k
Net result €39k after 2 loss-making years.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €-517k
Net result drops to €-517k, the lowest in the series; recovery starts the following year.
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 26 days late
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Brussel · 2 establishment units since 2013
Ground area
1.1 ha
Building footprint
2,670 m²
Volume, LiDAR
48,680 m³
2 parcels, Brussels, Wallonia · tallest building 32.9 m, ±7 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
2 establishment units
SKYFORCE Cyber Security
since 20132.222.141.425
SKYFORCE Cyber Security
since 20192.294.902.808
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25763M0621/00F000 | Wallonia | 1.0 ha | 1 · 1,772 m² | 22.9 m · 6 fl. |
| 21807G0148/00Y003 | Brussels | 1,029 m² | 1 · 897 m² | 32.9 m · 7 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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BIZZDEV
BE 0467.143.684
Tournai · FTE 49.3
Of 3,211 companies in sector 62900 we hold annual accounts for 1,742. 204 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-08-2013
Fiscal year end31-12
Abbreviation FR
SKYFORCE
Activities, NACEBEL 2025
62900Other information technology and computer services
Contact
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