TECHNOSECURITY
InactiveFinancials · financial year 2025, micro format
2025 annual accounts filed late (28 days) Filed on 28 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00045992.
Equity
€378,495▲ 2.9%
2024 · €367,795
Total assets
€402,550▲ 6.3%
2024 · €378,833
Net result
€32,876▼ 23.0%
2024 · €42,676
Working capital
€331,137▲ 15.6%
2024 · €286,559
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result has fallen two years in a row; 2025 is 31% below 2024 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€43,517
2025
Net result€32,876
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€402,550
2025
Equity€378,495
2025
Debt€24,055
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€331,137
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€60,120-€54,830▼ 8.8%€94,753▲ 72.8%€109,988▲ 16.1%€134,699▲ 22.5%€63,502▼ 52.9%€43,517▼ 31.5%
Net result-€2,605-€33,852€64,794▲ 91.4%€72,714▲ 12.2%€90,412▲ 24.3%€42,676▼ 52.8%€32,876▼ 23.0%
Equity€244,370-€278,223▲ 13.9%€343,016▲ 23.3%€234,708▼ 31.6%€325,120▲ 38.5%€367,795▲ 13.1%€378,495▲ 2.9%
Total assets€315,081-€343,878▲ 9.1%€393,358▲ 14.4%€468,474▲ 19.1%€356,752▼ 23.8%€378,833▲ 6.2%€402,550▲ 6.3%
Debt€70,711-€65,655▼ 7.1%€50,342▼ 23.3%€233,767▲ 364%€31,633▼ 86.5%€11,038▼ 65.1%€24,055▲ 118%
Working capital€234,940-€271,463▲ 15.5%€335,649▲ 23.6%€220,556▼ 34.3%€238,838▲ 8.3%€286,559▲ 20.0%€331,137▲ 15.6%
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €402,550
Fixed assets
€47,358 ▼ 43.4%
Current assets
€355,192 ▲ 20.4%
Equity and liabilities €402,550
Equity
€378,495 ▲ 2.9%
Debt
€24,055 ▲ 118%
Debt's share of the balance-sheet total rises from 2.9% to 6.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€60,591▼
2024 · €82,116
Cash flow
€49,950▼
2024 · €61,290
Current ratio
14.77▼
2024 · 34.56
Quick ratio
14.63▼
2024 · 34.17
Debt to equity
0.06▲
2024 · 0.03
ROE
8.7%▼
2024 · 11.6%
ROA
8.2%▼
2024 · 11.3%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€24,055▲
2024 · €8,538
Income taxes
€17,359▼
2024 · €21,120
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1,511 | €17,000 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,562 | €18,561 | €18,498 | €18,045 | €10,631 | €18,614 | €17,074 | ▼ 8.3% |
| Other operating charges640/8 | - | - | - | €3,325 | €790 | €928 | €841 | ▼ 9.4% |
| Non-recurring operating charges66A | - | - | - | - | €85 | €2,750 | €24,042 | ▲ 774% |
| Gross operating margin9900 | €79,721 | €74,633 | €113,960 | €131,357 | €146,205 | €85,795 | €85,474 | ▼ 0.4% |
| Operating profit (loss)9901 | €60,120 | €54,830 | €94,753 | €109,988 | €134,699 | €63,502 | €43,517 | ▼ 31.5% |
| Financial income75/76B | - | - | - | €0 | €119 | €422 | €6,850 | ▲ 1,524% |
| Recurring financial income75 | €6 | - | €27 | €0 | €119 | €422 | €6,850 | ▲ 1,524% |
| Financial charges65/66B | - | - | - | €687 | €321 | €128 | €133 | ▲ 3.3% |
| Recurring financial charges65 | €62,663 | €1,114 | €1,621 | €687 | €321 | €128 | €133 | ▲ 3.3% |
| Profit (loss) for the period before taxes9903 | -€2,537 | €53,716 | €93,159 | €109,300 | €134,497 | €63,796 | €50,235 | ▼ 21.3% |
| Income taxes67/77 | €67 | €19,864 | €28,365 | €36,586 | €44,085 | €21,120 | €17,359 | ▼ 17.8% |
| Profit (loss) for the period9904 | -€2,605 | €33,852 | €64,794 | €72,714 | €90,412 | €42,676 | €32,876 | ▼ 23.0% |
| Profit (loss) for the period to be appropriated9905 | -€2,605 | €33,852 | €64,794 | €72,714 | €90,412 | €42,676 | €32,876 | ▼ 23.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €315,081 | €343,878 | €393,358 | €468,474 | €356,752 | €378,833 | €402,550 | ▲ 6.3% |
| Fixed assets21/28 | €55,536 | €36,976 | €20,048 | €14,152 | €86,281 | €83,736 | €47,358 | ▼ 43.4% |
| Tangible fixed assets22/27 | €55,536 | €36,976 | €20,048 | €14,152 | €86,281 | €83,736 | €47,358 | ▼ 43.4% |
| Plant, machinery and equipment23 | - | - | - | €1,039 | - | - | €4,329 | - |
| Furniture and vehicles24 | - | - | - | €13,112 | €86,281 | €83,736 | €43,030 | ▼ 48.6% |
| Current assets29/58 | €259,545 | €306,902 | €373,310 | €454,323 | €270,471 | €295,097 | €355,192 | ▲ 20.4% |
| Stocks and contracts in progress3 | €3,326 | €3,326 | €3,326 | €3,326 | €3,326 | €3,326 | €3,326 | = |
| Stocks30/36 | - | - | - | €3,326 | €3,326 | €3,326 | €3,326 | = |
| Amounts receivable within one year40/41 | €32,014 | €14,566 | €51,282 | €20,416 | €25,974 | €42,414 | €21,040 | ▼ 50.4% |
| Trade receivables40 | - | - | - | €16,133 | €25,974 | €34,506 | €16,472 | ▼ 52.3% |
| Other amounts receivable41 | - | - | - | €4,283 | - | €7,908 | €4,568 | ▼ 42.2% |
| Current investments50/53 | - | - | - | - | - | €200,000 | - | - |
| Cash at bank and in hand54/58 | €224,205 | €287,737 | €317,397 | €428,716 | €238,245 | €46,439 | €328,325 | ▲ 607% |
| Deferred charges and accrued income490/1 | - | - | - | €1,865 | €2,927 | €2,918 | €2,501 | ▼ 14.3% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €315,081 | €343,878 | €393,358 | €468,474 | €356,752 | €378,833 | €402,550 | ▲ 6.3% |
| Equity10/15 | €244,370 | €278,223 | €343,016 | €234,708 | €325,120 | €367,795 | €378,495 | ▲ 2.9% |
| Contributions10/11 | €19,000 | - | - | €19,000 | €19,000 | €22,176 | - | - |
| Contributions outside capital11 | - | - | - | €19,000 | €19,000 | €22,176 | - | - |
| Other1109/19 | - | - | - | €19,000 | €19,000 | €22,176 | - | - |
| Reserves13 | €226,017 | €259,653 | €299,653 | €191,344 | €281,722 | €321,222 | €354,098 | ▲ 10.2% |
| Non-distributable reserves130/1 | - | - | - | €3,176 | €3,176 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €3,176 | €3,176 | - | - | - |
| Distributable reserves133 | - | - | - | €188,168 | €278,546 | €321,222 | €354,098 | ▲ 10.2% |
| Profit (loss) carried forward14 | -€647 | -€431 | €24,363 | €24,363 | €24,397 | €24,397 | €24,397 | = |
| Amounts payable17/49 | €70,711 | €65,655 | €50,342 | €233,767 | €31,633 | €11,038 | €24,055 | ▲ 118% |
| Amounts payable after more than one year17 | €46,106 | €29,548 | €12,681 | - | - | - | - | - |
| Amounts payable within one year42/48 | €24,605 | €35,439 | €37,661 | €233,767 | €31,633 | €8,538 | €24,055 | ▲ 182% |
| Financial debts43 | - | - | - | €12,681 | - | - | - | - |
| Credit institutions430/8 | - | - | - | €12,681 | - | - | - | - |
| Trade debts44 | €8,349 | €10,312 | €3,879 | €428 | €2,285 | €5,164 | €931 | ▼ 82.0% |
| Suppliers440/4 | - | - | - | €428 | €2,285 | €5,164 | €931 | ▼ 82.0% |
| Taxes, remuneration and social security45 | - | - | - | €48,687 | €26,805 | €1,347 | €17,121 | ▲ 1,171% |
| Taxes450/3 | - | - | - | €48,687 | €26,805 | €347 | €17,121 | ▲ 4,832% |
| Remuneration and social security454/9 | - | - | - | - | - | €1,000 | - | - |
| Other amounts payable47/48 | - | - | - | €171,971 | €2,542 | €2,027 | €6,003 | ▲ 196% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | €2,500 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,605 | €33,852 | €64,794 | €72,714 | €90,412 | €42,676 | €32,876 | ▼ 23.0% |
| + Depreciation and write-downs630 | €18,562 | €18,561 | €18,498 | €18,045 | €10,631 | €18,614 | €17,074 | ▼ 8.3% |
| Operating cash flow (approximation) | €15,957 | €52,413 | €83,292 | €90,759 | €101,043 | €61,290 | €49,950 | ▼ 18.5% |
| Investment in fixed assets (approximation) | - | €0 | -€1,570 | -€12,149 | -€82,760 | -€16,069 | €19,304 | - |
| Change in cash | - | €63,532 | €29,660 | €111,319 | -€190,471 | -€191,805 | €281,886 | - |
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 22 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | micro format | 28-02-2026 | 2026-00045992 |
| 30-06-2024 | micro format | 26-06-2025 | 2025-00179502 |
| 30-06-2023 | micro format | 29-02-2024 | 2024-00036403 |
| 30-06-2022 | micro format | 20-02-2023 | 2023-00029283 |
| 30-06-2021 | micro format | 10-02-2022 | 2022-05400462 |
| 30-06-2020 | micro format | 01-02-2021 | 2021-04200149 |
| 30-06-2019 | micro format | 14-02-2020 | 2020-05000266 |
| 30-06-2018 | micro format | 19-02-2019 | 2019-05200561 |
| 30-06-2017 | micro format | 13-02-2018 | 2018-05000149 |
| 30-06-2016 | full format | 15-02-2017 | 2017-04500549 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.