TRV SECURITY
ActiveSummary
The computed 12-month bankruptcy probability of TRV SECURITY is 1.6% (moderate). The 2025 annual accounts show equity of €193k and a net result of €-36k. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 85% of 27965 sector peers (fiscal year 2025). The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-70
Solvency100=
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 6.69 against 5.46 in 2024; short-term debt: 14.8% and cash: 93.2% of total assets), and 19.8% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
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
80.2%
Return on assets
-15.1%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 09-02-2026, 9 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
9 d late
2024
7 d late
2022
2 d late
2021
on the day
2020
on the day
2019
276 d late
2018
11 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Hiring this company for building work? Recognition, activities and what to check first.Contractor check Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Financials · fiscal year 2025, micro schema
Equity
€193k▼ 15.9%
2024 · €229k
Total assets
€240k▼ 18.4%
2024 · €295k
Net result
€-36k
2024 · €3k
Working capital
€203k▼ 14.8%
2024 · €238k
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
Line20202021202220242025
Operating result€11k▼ 65.8%€18k▲ 57.3%€27k▲ 48.8%€5k-€-37k
Net result€11k▼ 52.8%€13k▲ 12.3%€19k▲ 53.6%€3k-€-36k
Equity€228k▲ 5.1%€241k▲ 5.5%€204k▼ 15.3%€229k-€193k▼ 15.9%
Total assets€377k▲ 8.4%€376k▼ 0.3%€339k▼ 10.0%€295k-€240k▼ 18.4%
Debt€149k▲ 13.7%€136k▼ 9.1%€135k▼ 0.7%€65k-€48k▼ 27.1%
Working capital€285k▲ 4.3%€311k▲ 9.2%€214k▼ 31.3%€238k-€203k▼ 14.8%
Staff (FTE)1=1=1=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €37k after €5k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €240k
Fixed assets
€2k ▼ 35.5%
Current assets
€238k ▼ 18.2%
Equity and liabilities €240k
Equity
€193k ▼ 15.9%
Debt
€48k ▼ 27.1%
Debt's share of the balance-sheet total falls from 22.2% to 19.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-36k▼
2024 · €7k
Cash flow
€-35k▼
2024 · €4k
Current ratio
6.69▲
2024 · 5.46
Debt to equity
0.25▼
2024 · 0.29
ROE
-18.9%▼
2024 · 1.3%
ROA
-15.1%▼
2024 · 1.0%
Interest coverage
-52.78▼
2024 · 40.81
Debt ≤ 1 year
€36k▼
2024 · €53k
Income taxes
€461▼
2024 · €3k
Staff costs
€53k▼
2024 · €55k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €43k | €55k | €53k | ▼ 4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €841 | €360 | €689 | €1k | €1k | ▼ 4.9% |
| Other operating charges640/8 | - | - | €348 | €301 | €2k | ▲ 656% |
| Gross operating margin9900 | €54k | €64k | €71k | €62k | €19k | ▼ 69.0% |
| Operating profit (loss)9901 | €11k | €18k | €27k | €5k | €-37k | ▼ 781% |
| Financial income75/76B | - | - | €51 | €535 | €2k | ▲ 230% |
| Recurring financial income75 | €111 | €37 | €51 | €535 | €2k | ▲ 230% |
| Financial charges65/66B | - | - | €161 | €165 | €677 | ▲ 309% |
| Recurring financial charges65 | €1k | €145 | €161 | €165 | €677 | ▲ 309% |
| Profit (loss) for the period before taxes9903 | €16k | €18k | €27k | €6k | €-36k | ▼ 719% |
| Income taxes67/77 | €4k | €5k | €7k | €3k | €461 | ▼ 84.0% |
| Profit (loss) for the period9904 | €11k | €13k | €19k | €3k | €-36k | ▼ 1,349% |
| Profit (loss) for the period to be appropriated9905 | €11k | €13k | €19k | €3k | €-36k | ▼ 1,349% |
| Line | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €377k | €376k | €339k | €295k | €240k | ▼ 18.4% |
| Fixed assets21/28 | €2k | €2k | €2k | €4k | €2k | ▼ 35.5% |
| Tangible fixed assets22/27 | €720 | €360 | €1k | €2k | €1k | ▼ 55.1% |
| Furniture and vehicles24 | - | - | €1k | €2k | €1k | ▼ 55.1% |
| Financial fixed assets28 | €1k | €1k | €1k | €1k | €1k | = |
| Current assets29/58 | €375k | €375k | €336k | €291k | €238k | ▼ 18.2% |
| Amounts receivable within one year40/41 | €98k | €85k | €40k | €24k | €14k | ▼ 42.0% |
| Trade receivables40 | - | - | €40k | €20k | €13k | ▼ 35.3% |
| Other amounts receivable41 | - | - | - | €4k | €1k | ▼ 71.0% |
| Cash at bank and in hand54/58 | €277k | €289k | €296k | €267k | €224k | ▼ 16.0% |
| Deferred charges and accrued income490/1 | - | - | €122 | €151 | €3 | ▼ 97.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €377k | €376k | €339k | €295k | €240k | ▼ 18.4% |
| Equity10/15 | €228k | €241k | €204k | €229k | €193k | ▼ 15.9% |
| Contributions10/11 | €25k | €25k | €25k | €25k | €25k | = |
| Capital10 | - | - | €25k | - | - | - |
| Issued capital100 | - | - | €25k | - | - | - |
| Outside capital11 | - | - | - | €25k | €25k | = |
| Other1109/19 | - | - | - | €25k | €25k | = |
| Reserves13 | €200k | €212k | €175k | €200k | €200k | = |
| Non-distributable reserves130/1 | - | - | €3k | €3k | €3k | = |
| Legal reserve130 | - | - | €3k | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €3k | €3k | = |
| Distributable reserves133 | - | - | €173k | €198k | €198k | = |
| Profit (loss) carried forward14 | €3k | €3k | €4k | €4k | €-33k | ▼ 982% |
| Amounts payable17/49 | €149k | €136k | €135k | €65k | €48k | ▼ 27.1% |
| Amounts payable after more than one year17 | €58k | €58k | - | - | - | - |
| Amounts payable within one year42/48 | €91k | €64k | €122k | €53k | €36k | ▼ 33.2% |
| Trade debts44 | €9k | €9k | €12k | €24k | €4k | ▼ 82.9% |
| Suppliers440/4 | - | - | €12k | €24k | €4k | ▼ 82.9% |
| Taxes, remuneration and social security45 | - | - | €25k | €11k | €11k | ▼ 4.7% |
| Taxes450/3 | - | - | €18k | €1k | €801 | ▼ 46.0% |
| Remuneration and social security454/9 | - | - | €7k | €10k | €10k | ▲ 1.4% |
| Other amounts payable47/48 | - | - | €86k | €18k | €21k | ▲ 16.0% |
| Accrued charges and deferred income492/3 | - | - | €12k | €12k | €12k | ▼ 0.2% |
| Line | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11k | €13k | €19k | €3k | €-36k | ▼ 1,349% |
| + Depreciation and write-downs630 | €841 | €360 | €689 | €1k | €1k | ▼ 4.9% |
| Operating cash flow (approximation) | €12k | €13k | €20k | €4k | €-35k | ▼ 930% |
| Investment in fixed assets (approximation) | - | €0 | €-1k | - | €0 | - |
| Change in cash | - | €12k | €8k | - | €-43k | - |
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
09-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 9 days late
2025
30-06
Financial
Weakest financial yearnet €-36k
Net result drops to €-36k, the lowest in the series.
07-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 7 days late
2023
02-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 2 days late
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
02-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 276 days late
2019
11-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 11 days late
2017
26-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
22-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
08-01
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 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 · 1 establishment unit since 2003
Ground area
2,150 m²
Building footprint
88 m²
Volume, LiDAR
1,345 m³
Parcel 21004A1324/00F000, Brussels · tallest building 18.9 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
TRV SECURITY
since 20032.135.096.001
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21004A1324/00F000 | Brussels | 2,150 m² | 1 · 88 m² | 18.9 m · 5 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Similar companies · same sector, comparable size
CRAHAY TECHNICS
BE 0690.570.318
Liège · Eq €192,772
DELSON
BE 0807.503.917
Kuurne · Eq €192,653
SOLAREX
BE 0827.504.525
Mortsel · Eq €192,847
MANOLEK
BE 0715.736.769
Antwerpen · Eq €192,889
T.C. ELECTRICITE & CONSTRUCTION
BE 0877.923.541
Etterbeek · Eq €192,921
Of 22,832 companies in sector 43211 we hold annual accounts for 10,328. 8,321 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
Founded24-12-2003
Fiscal year end30-06
Activities, NACEBEL 2025
43211General electrical installation work
62200Computer consultancy and computer facilities management
62900Other information technology and computer services
63100Computing infrastructure, data processing, hosting and related activities
Contact
E-mail
tim.vine@trvsecurity.com
Phone
+32477251316
Scores and ratios are computed by Checked and are not a credit decision.