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 fiscal years. Its solvency ranks better than 23% of 34,088 sector peers (NACE 43, fiscal year 2025). The company has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals.
Financials · fiscal year 2025, micro schema
In the rankings
#2 oldest company in Silly, Construction sector
Equity
€48,800▼ 21.1%
2024 · €61,820
Total assets
€232,378▲ 0.9%
2024 · €230,291
Net result
-€13,020▼ 73.8%
2024 · -€7,489
Working capital
€48,800▼ 21.1%
2024 · €61,820
Trend over the years
2021 to 2025, 5 fiscal years 2018 to 2025, 8 fiscal years
The operating result stays negative: a loss of €12,635 in 2025 against €7,483 in 2024; the loss grows.
What the company sold each fiscal year and what was left of it. A loss stands below the zero line.
Operating result-€12,635
2025
Net result-€13,020
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€232,378
2025
Equity€48,800
2025
Debt€183,578
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€48,800
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-5.6%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency21.0%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.27
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same schema, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€9,288-€36,598▲ 294%€11,448▼ 68.7%-€13,897-€14,648▼ 5.4%-€50,513▼ 245%-€7,483▲ 85.2%-€12,635▼ 68.8%
Net result€987-€24,909▲ 2,424%€9,565within the sector's middle half▼ 61.6%-€14,207below the sector's middle half-€14,658below the sector's middle half▼ 3.2%-€50,694below the sector's middle half▼ 246%-€7,489below the sector's middle half▲ 85.2%-€13,020below the sector's middle half▼ 73.8%
Equity€114,394-€139,303▲ 21.8%€148,868above the sector's middle half▲ 6.9%€134,661above the sector's middle half▼ 9.5%€120,003within the sector's middle half▼ 10.9%€69,310within the sector's middle half▼ 42.2%€61,820within the sector's middle half▼ 10.8%€48,800within the sector's middle half▼ 21.1%
Total assets€262,749-€260,164▼ 1.0%€208,972within the sector's middle half▼ 19.7%€223,611within the sector's middle half▲ 7.0%€206,829within the sector's middle half▼ 7.5%€219,857within the sector's middle half▲ 6.3%€230,291within the sector's middle half▲ 4.7%€232,378within the sector's middle half▲ 0.9%
Debt€148,355-€120,860▼ 18.5%€60,103▼ 50.3%€88,949▲ 48.0%€86,826▼ 2.4%€150,548▲ 73.4%€168,471▲ 11.9%€183,578▲ 9.0%
Working capital€77,429-€136,281▲ 76.0%€148,868above the sector's middle half▲ 9.2%€132,885above the sector's middle half▼ 10.7%€118,840above the sector's middle half▼ 10.6%€68,759within the sector's middle half▼ 42.1%€61,820within the sector's middle half▼ 10.1%€48,800within the sector's middle half▼ 21.1%
Solvency43.5%-53.5%▲ 10.0pp71.2%above the sector's middle half▲ 17.7pp60.2%within the sector's middle half▼ 11.0pp58.0%within the sector's middle half▼ 2.2pp31.5%within the sector's middle half▼ 26.5pp26.8%within the sector's middle half▼ 4.7pp21.0%below the sector's middle half▼ 5.8pp
Current ratio1.74-2.13▲ 0.393.48above the sector's middle half▲ 1.352.49within the sector's middle half▼ 0.982.37within the sector's middle half▼ 0.131.46within the sector's middle half▼ 0.911.37within the sector's middle half▼ 0.091.27within the sector's middle half▼ 0.10
Return on assets (ROA)0.4%-9.6%▲ 9.2pp4.6%within the sector's middle half▼ 5.0pp-6.4%below the sector's middle half▼ 10.9pp-7.1%below the sector's middle half▼ 0.7pp-23.1%below the sector's middle half▼ 16.0pp-3.3%below the sector's middle half▲ 19.8pp-5.6%below the sector's middle half▼ 2.4pp
Staff (FTE)1.4-
above
within
below
the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same schema, and only where there are at least 30.
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €232,378
Equity
€48,800 ▼ 21.1%
Debt
€183,578 ▲ 9.0%
Debt's share of the balance-sheet total rises from 73.2% to 79.0%. Equity is lower and debt is higher.
Key figures and ratios
Debt to equity
3.76▲
2024 · 2.73
ROE
-26.7%▼
2024 · -12.1%
Debt ≤ 1 year
€183,578▲
2024 · €168,471
Staff costs
€186▼
2024 · €211
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €607 | €162 | €501 | €211 | €186 | ▼ 12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,959 | €3,022 | €233 | €482 | €613 | €613 | €551 | - | - |
| Other operating charges640/8 | - | - | - | €2,376 | €949 | €768 | €607 | €689 | ▲ 13.5% |
| Gross operating margin9900 | €115,862 | €92,469 | €17,411 | -€10,432 | -€12,924 | -€48,631 | -€6,114 | -€11,760 | ▼ 92.3% |
| Operating profit (loss)9901 | €9,288 | €36,598 | €11,448 | -€13,897 | -€14,648 | -€50,513 | -€7,483 | -€12,635 | ▼ 68.8% |
| Financial income75/76B | - | - | - | €5 | €206 | €69 | €241 | €3 | ▼ 98.8% |
| Recurring financial income75 | €1,621 | €1,356 | €5 | €5 | €206 | €69 | €241 | €3 | ▼ 98.8% |
| Financial charges65/66B | - | - | - | €315 | €216 | €250 | €247 | €388 | ▲ 57.0% |
| Recurring financial charges65 | €5,162 | €2,439 | €334 | €315 | €216 | €250 | €247 | €388 | ▲ 57.0% |
| Profit (loss) for the period before taxes9903 | €5,748 | €35,515 | €11,119 | -€14,207 | -€14,658 | -€50,694 | -€7,489 | -€13,020 | ▼ 73.8% |
| Income taxes67/77 | €4,761 | €10,606 | €1,554 | - | - | - | - | - | - |
| Profit (loss) for the period9904 | €987 | €24,909 | €9,565 | -€14,207 | -€14,658 | -€50,694 | -€7,489 | -€13,020 | ▼ 73.8% |
| Profit (loss) for the period to be appropriated9905 | €987 | €24,909 | €9,565 | -€14,207 | -€14,658 | -€50,694 | -€7,489 | -€13,020 | ▼ 73.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €262,749 | €260,164 | €208,972 | €223,611 | €206,829 | €219,857 | €230,291 | €232,378 | ▲ 0.9% |
| Fixed assets21/28 | €80,179 | €3,022 | - | €1,776 | €1,164 | €551 | - | - | - |
| Tangible fixed assets22/27 | €80,179 | €3,022 | - | €1,776 | €1,164 | €551 | - | - | - |
| Furniture and vehicles24 | - | - | - | €1,776 | €1,164 | €551 | - | - | - |
| Current assets29/58 | €182,570 | €257,142 | €208,972 | €221,834 | €205,665 | €219,307 | €230,291 | €232,378 | ▲ 0.9% |
| Amounts receivable within one year40/41 | €165,908 | €203,674 | €203,492 | €214,489 | €202,889 | €206,258 | €216,370 | €220,388 | ▲ 1.9% |
| Trade receivables40 | - | - | - | €155,953 | €132,900 | €138,162 | €145,377 | €145,541 | ▲ 0.1% |
| Other amounts receivable41 | - | - | - | €58,536 | €69,990 | €68,097 | €70,993 | €74,847 | ▲ 5.4% |
| Cash at bank and in hand54/58 | €14,208 | €53,468 | €5,112 | €6,861 | €2,776 | €12,923 | €13,907 | €11,721 | ▼ 15.7% |
| Deferred charges and accrued income490/1 | - | - | - | €485 | - | €125 | €15 | €269 | ▲ 1,690% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €262,749 | €260,164 | €208,972 | €223,611 | €206,829 | €219,857 | €230,291 | €232,378 | ▲ 0.9% |
| Equity10/15 | €114,394 | €139,303 | €148,868 | €134,661 | €120,003 | €69,310 | €61,820 | €48,800 | ▼ 21.1% |
| Contributions10/11 | €30,987 | €30,987 | - | €30,987 | €30,987 | €30,987 | €30,987 | €30,987 | = |
| Reserves13 | €3,099 | €3,099 | €3,099 | €3,099 | €3,099 | €3,099 | €3,099 | €3,099 | = |
| Non-distributable reserves130/1 | - | - | - | €3,099 | €3,099 | €3,099 | €3,099 | €3,099 | = |
| Reserves not available under the articles1311 | - | - | - | €3,099 | €3,099 | €3,099 | €3,099 | €3,099 | = |
| Profit (loss) carried forward14 | €80,309 | €105,218 | €114,783 | €100,576 | €85,918 | €35,224 | €27,735 | €14,715 | ▼ 46.9% |
| Amounts payable17/49 | €148,355 | €120,860 | €60,103 | €88,949 | €86,826 | €150,548 | €168,471 | €183,578 | ▲ 9.0% |
| Amounts payable after more than one year17 | €43,214 | - | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €105,141 | €120,860 | €60,103 | €88,949 | €86,826 | €150,548 | €168,471 | €183,578 | ▲ 9.0% |
| Trade debts44 | €12,195 | €40,304 | €34,994 | €66,865 | €54,655 | €61,214 | €51,531 | €52,386 | ▲ 1.7% |
| Suppliers440/4 | - | - | - | €66,865 | €54,655 | €61,214 | €51,531 | €52,386 | ▲ 1.7% |
| Taxes, remuneration and social security45 | - | - | - | €155 | - | - | €2,721 | €2,721 | = |
| Taxes450/3 | - | - | - | €155 | - | - | €2,721 | €2,721 | = |
| Other amounts payable47/48 | - | - | - | €21,929 | €32,170 | €89,334 | €114,219 | €128,471 | ▲ 12.5% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €987 | €24,909 | €9,565 | -€14,207 | -€14,658 | -€50,694 | -€7,489 | -€13,020 | ▼ 73.8% |
| + Depreciation and write-downs630 | €9,959 | €3,022 | €233 | €482 | €613 | €613 | €551 | - | - |
| Operating cash flow (approximation) | €10,946 | €27,931 | €9,798 | -€13,725 | -€14,046 | -€50,081 | -€6,939 | -€13,020 | ▼ 87.6% |
| Investment in fixed assets (approximation) | - | €74,135 | - | - | €0 | €0 | - | - | - |
| Change in cash | - | €39,260 | -€48,355 | €1,748 | -€4,085 | €10,147 | €984 | -€2,186 | ▼ 322% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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Of the 22,837 companies in this sector, figures are known for 10,548. 8,734 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector