Financials
- Financial year
- 2025
- Total assets
- €232,378
- Loss
- -€13,020
- Solvency
- 21.0%
Total assets▲ 0.9%
Net result
20182025
TECHNICAL SECURITY
ActiveSummary
The computed 12-month bankruptcy probability of TECHNICAL SECURITY is 2.6% (moderate). The 2025 annual accounts show equity of €48,800 and a net result of -€13,020. Equity is shrinking by about 12% per year across the filed financial years. Its solvency ranks better than 23% of 34,678 sector peers (NACE 43, financial year 2025). The company has been active since 1986 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
General electrical installation work
NACE 43211
2nd oldest company in Silly, Construction sector1 site
Size
€232,378total assets 2025
- Equity
- €48,800
- Loss
- -€13,020
Turnover not published (micro format)
Structure
- Parent
- MK · 100%
Accounts filed 31 days late1 of 3 deeds read
Why 50raises riskSector: Specialised construction activities (NACE 43)Latest accounts 31 days late; 3 of the last 3 late1 change of registered office in 24 monthsLoss of €13,020, the second in a row (financial year 2025)Show the evidence
Checked score
Score 2025
50
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 16% of its sector peers (NACE 43, micro)
Financial strength · tick = 2024
Weak
Solvency
46-6
equity 21.0% of total assets
Liquidity
13-5
short-term debt 79.0% · cash 5.0%
Profitability
23+8
return on assets -5.6%
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 2.3%
12-2024: 2.3%● unchanged vs 11-2024
01-2025: 2.3%● unchanged vs 12-2024
02-2025: 4.2%▲ +1.9 percentage points vs 01-2025
03-2025: 4.2%● unchanged vs 02-2025
04-2025: 4.4%▲ +0.2 percentage points vs 03-2025
05-2025: 4.2%▼ -0.2 percentage points vs 04-2025
06-2025: 4.1%▼ -0.1 percentage points vs 05-2025
07-2025: 4.2%▲ +0.1 percentage points vs 06-2025
08-2025: 5.0%▲ +0.8 percentage points vs 07-2025
09-2025: 5.3%▲ +0.3 percentage points vs 08-2025
10-2025: 6.9%▲ +1.6 percentage points vs 09-2025highest value
11-2025: 2.1%▼ -4.8 percentage points vs 10-2025
12-2025: 2.1%● unchanged vs 11-2025
01-2026: 2.1%● unchanged vs 12-2025
02-2026: 2.1%● unchanged vs 01-2026
03-2026: 2.1%● unchanged vs 02-2026lowest value
04-2026: 2.2%▲ +0.1 percentage points vs 03-2026
05-2026: 2.3%▲ +0.1 percentage points vs 04-2026
06-2026: 2.3%● unchanged vs 05-2026
07-2026: 2.4%▲ +0.1 percentage points vs 06-2026
08-2026: 3.2%▲ +0.8 percentage points vs 07-2026
09-2026: 2.6%▼ -0.6 percentage points vs 08-2026
10-2026: 2.6%● unchanged vs 09-2026
Credit of up to €2,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.27, compared with 1.37 in 2024, below the usual 1.5; short-term debt: 79% and cash: 5% of total assets), and 79% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 43, micro): better than 23% on solvency, 8% on liquidity, 15% on profitability and 18% on growth.
The bankruptcy probability was computed on 23-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Seven signals.
raises 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
1819202122232425
2018 to 2025 · latest year -€13,020
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 34678 sector peers (2025).
NBB · sector comparisonPosition among 34678 sector peers
Solvency
better than 23%
← weakest
strongest →
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
31 days late
2024
70 days late
2023
59 days late
2022
59 days late
2021
75 days late
2020
5 days late
2019
122 days late
← 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 60 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 September (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
24-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Registered officeDirector in office · Registered-office…
Key points
By topic
Board & ownership
- Parent
- MK · 100%
Timeline
- Events
- 41
- Since
- 1988
- Next accounts
- by 31-07-2027
- 28-09-2024Annual accounts filed
- 31-12-2023Weakest financial year
- 28-09-2023Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company (pre-2019)
- Activity
- General electrical installation workNACE 43211
- Founded
- 18-08-1986
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Key facts about TECHNICAL SECURITY
- What is the company number of TECHNICAL SECURITY?
- 0429.240.539. In Belgium the VAT number is the company number with BE in front: BE 0429.240.539.
- Where is TECHNICAL SECURITY based?
- The registered office is at Pavé d'Ath(Bassil) 1, 7830 Silly.Company details
- What does TECHNICAL SECURITY do?
- According to the KBO register, the main activity is general electrical installation work (NACE 43211).
- What is the legal form of TECHNICAL SECURITY?
- Private limited company (pre-2019) (BVBA).
- When was TECHNICAL SECURITY founded?
- On 18-08-1986.
- Is TECHNICAL SECURITY still active?
- Yes, TECHNICAL SECURITY is an active enterprise in the KBO register.
- How many employees does TECHNICAL SECURITY have?
- On average 1.4 full-time equivalents in financial year 2018, according to the filed annual accounts.Financials
- What is the turnover of TECHNICAL SECURITY?
- Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
- Is TECHNICAL SECURITY profitable?
- In financial year 2025, TECHNICAL SECURITY made a loss of €13,020.
- Where can I find the annual accounts of TECHNICAL SECURITY?
- TECHNICAL SECURITY filed 38 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of TECHNICAL SECURITY due?
- By 31-07-2027, for financial year 2026.Timeline
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