V-PRO SECURITY
ActiveSummary
V-PRO SECURITY has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €18,617 and a net result of €65,402. Equity is shrinking by ~15% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 16% of 36380 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency37▼-1
Growth58=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity short (current ratio 0.61 against 0.94 in 2023; short-term debt: 87.7% and cash: 31.8% of total assets), and 87.7% 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.
+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 →
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 2024Solvency, return and age of the figures
Solvency
12.3%
Return on assets
43.3%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 36380 sector peers (2024).
NBB · sector comparisonPosition among 36380 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
16 d early
2022
13 d early
2021
31 d early
2020
11 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 22 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
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 Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€18,617▼ 0.7%
2023 · €18,744
Total assets
€151,184▲ 7.6%
2023 · €140,560
Net result
€65,402▼ 30.4%
2023 · €93,966
Working capital
-€52,091▼ 561%
2023 · -€7,878
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
Line20202021202220232024
Operating result€97,546▲ 43.0%€96,420▼ 1.2%€100,841▲ 4.6%€109,347▲ 8.4%€73,198▼ 33.1%
Net result€83,888▲ 40.5%€83,483▼ 0.5%€87,149▲ 4.4%€93,966▲ 7.8%€65,402▼ 30.4%
Equity€156,546▲ 49.6%€219,629▲ 40.3%€20,778▼ 90.5%€18,744▼ 9.8%€18,617▼ 0.7%
Total assets€201,977▼ 7.9%€304,261▲ 50.6%€335,311▲ 10.2%€140,560▼ 58.1%€151,184▲ 7.6%
Debt€45,431▼ 60.4%€84,633▲ 86.3%€314,534▲ 272%€121,816▼ 61.3%€132,567▲ 8.8%
Working capital€125,854▲ 165%€201,693▲ 60.3%€7,271▼ 96.4%-€7,878-€52,091▼ 561%
Staff (FTE)11=1=1=
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2023 Total assets -58% on 2022. Cause not known from the registers.
- 2022 Equity -91% on 2021. Cause not known from the registers.
- 2021 Total assets +51% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 33% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €151,184
Fixed assets
€70,709 ▲ 166%
Current assets
€80,475 ▼ 29.4%
Equity and liabilities €151,184
Equity
€18,617 ▼ 0.7%
Debt
€132,567 ▲ 8.8%
Debt's share of the balance-sheet total rises from 86.7% to 87.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€87,339▼
2023 · €117,034
Cash flow
€79,543▼
2023 · €101,653
Current ratio
0.61▼
2023 · 0.94
Quick ratio
0.54▼
2023 · 0.88
Debt to equity
7.12▲
2023 · 6.50
ROE
351.3%▼
2023 · 501.3%
ROA
43.3%▼
2023 · 66.9%
Interest coverage
632.20▼
2023 · 734.96
Debt ≤ 1 year
€132,566▲
2023 · €121,816
Income taxes
€8,247▼
2023 · €15,912
Staff costs
€20,536▼
2023 · €20,693
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,049 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,049 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €4,851 | €19,505 | €20,693 | €20,536 | ▼ 0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,472 | €16,097 | €18,987 | €7,687 | €14,141 | ▲ 83.9% |
| Other operating charges640/8 | - | €765 | €770 | €826 | €1,482 | ▲ 79.4% |
| Non-recurring operating charges66A | - | €218 | €260 | €326 | - | - |
| Gross operating margin9900 | €125,146 | €118,352 | €140,363 | €138,880 | €109,356 | ▼ 21.3% |
| Operating profit (loss)9901 | €97,546 | €96,420 | €100,841 | €109,347 | €73,198 | ▼ 33.1% |
| Financial income75/76B | - | €558 | €825 | €690 | €589 | ▼ 14.6% |
| Recurring financial income75 | €606 | €558 | €825 | €690 | €589 | ▼ 14.6% |
| Financial charges65/66B | - | €177 | €164 | €159 | €138 | ▼ 13.2% |
| Recurring financial charges65 | €178 | €177 | €164 | €159 | €138 | ▼ 13.2% |
| Profit (loss) for the period before taxes9903 | €97,974 | €96,801 | €101,502 | €109,877 | €73,649 | ▼ 33.0% |
| Income taxes67/77 | €14,086 | €13,318 | €14,353 | €15,912 | €8,247 | ▼ 48.2% |
| Profit (loss) for the period9904 | €83,888 | €83,483 | €87,149 | €93,966 | €65,402 | ▼ 30.4% |
| Profit (loss) for the period to be appropriated9905 | €83,888 | €83,483 | €87,149 | €93,966 | €65,402 | ▼ 30.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €201,977 | €304,261 | €335,311 | €140,560 | €151,184 | ▲ 7.6% |
| Fixed assets21/28 | €30,692 | €17,936 | €13,507 | €26,622 | €70,709 | ▲ 166% |
| Intangible fixed assets21 | €28,600 | €14,320 | - | - | - | - |
| Tangible fixed assets22/27 | €2,092 | €3,441 | €13,332 | €26,447 | €70,534 | ▲ 167% |
| Plant, machinery and equipment23 | - | €995 | €1,127 | €1,043 | €431 | ▼ 58.7% |
| Furniture and vehicles24 | - | €2,446 | €12,205 | €7,993 | €54,519 | ▲ 582% |
| Other tangible fixed assets26 | - | - | - | €17,412 | €15,584 | ▼ 10.5% |
| Financial fixed assets28 | - | €175 | €175 | €175 | €175 | = |
| Current assets29/58 | €171,285 | €286,325 | €321,804 | €113,938 | €80,475 | ▼ 29.4% |
| Stocks and contracts in progress3 | €8,641 | €11,401 | €9,030 | €6,825 | €8,976 | ▲ 31.5% |
| Stocks30/36 | - | €11,401 | €9,030 | €6,825 | €8,976 | ▲ 31.5% |
| Amounts receivable within one year40/41 | €14,626 | €29,812 | €29,115 | €17,723 | €21,430 | ▲ 20.9% |
| Trade receivables40 | - | €25,314 | €23,474 | €17,723 | €14,677 | ▼ 17.2% |
| Other amounts receivable41 | - | €4,498 | €5,641 | - | €6,753 | - |
| Cash at bank and in hand54/58 | €146,686 | €243,643 | €281,346 | €87,436 | €48,041 | ▼ 45.1% |
| Deferred charges and accrued income490/1 | - | €1,469 | €2,314 | €1,954 | €2,028 | ▲ 3.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €201,977 | €304,261 | €335,311 | €140,560 | €151,184 | ▲ 7.6% |
| Equity10/15 | €156,546 | €219,629 | €20,778 | €18,744 | €18,617 | ▼ 0.7% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €149,860 | €200,860 | €1,860 | - | - | - |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €199,000 | - | - | - | - |
| Profit (loss) carried forward14 | €486 | €169 | €318 | €144 | €17 | ▼ 87.9% |
| Amounts payable17/49 | €45,431 | €84,633 | €314,534 | €121,816 | €132,567 | ▲ 8.8% |
| Amounts payable within one year42/48 | €45,431 | €84,633 | €314,533 | €121,816 | €132,566 | ▲ 8.8% |
| Trade debts44 | €1,264 | €7,950 | €777 | €2,749 | €1,281 | ▼ 53.4% |
| Suppliers440/4 | - | €7,950 | €777 | €2,749 | €1,281 | ▼ 53.4% |
| Advances received on contracts in progress46 | - | - | €10,895 | - | - | - |
| Taxes, remuneration and social security45 | - | €37,114 | €5,995 | €7,335 | €4,824 | ▼ 34.2% |
| Taxes450/3 | - | €7,276 | €3,276 | €1,097 | €1,779 | ▲ 62.1% |
| Remuneration and social security454/9 | - | €29,838 | €2,719 | €6,238 | €3,045 | ▼ 51.2% |
| Other amounts payable47/48 | - | €39,568 | €296,867 | €111,732 | €126,462 | ▲ 13.2% |
| Accrued charges and deferred income492/3 | - | €0 | €0 | €0 | €0 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €83,888 | €83,483 | €87,149 | €93,966 | €65,402 | ▼ 30.4% |
| + Depreciation and write-downs630 | €26,472 | €16,097 | €18,987 | €7,687 | €14,141 | ▲ 83.9% |
| Operating cash flow (approximation) | €110,360 | €99,580 | €106,136 | €101,653 | €79,543 | ▼ 21.8% |
| Investment in fixed assets (approximation) | - | -€3,342 | -€14,558 | -€20,802 | -€58,227 | ▼ 180% |
| Change in cash | - | €96,957 | €37,703 | -€193,910 | -€39,395 | ▲ 79.7% |
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
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €93,966 ▲7.8%
Operating result €109,347, net result €93,966, both a record.
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €200,000Eq €219,629 ▲40.3%
4 profitable years in a row build equity to €219,629.
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity triplescurrent ratio 3.77
Current ratio from 1.41 to 3.77; short-term debt falls from €114,713 to €45,431.
31-12
Financial
Equity above €150,000Eq €156,546 ▲49.6%
3 profitable years in a row build equity to €156,546.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €59,702 ▼3.8%
Net result drops to €59,702, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €100,000Eq €104,658 ▲40%
2 profitable years in a row build equity to €104,658.
Show earlier events
18-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Namur · 1 establishment unit since 2016
Ground area
1,333 m²
Building footprint
232 m²
Parcel 92024D0384/00K002, Wallonia. Linked by address, not a title deed.
1 establishment unit
V-PRO SECURITY
since 20162.248.792.174
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92024D0384/00K002 | Wallonia | 1,333 m² | 1 · 232 m² | - |
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.
Similar companies · same sector, comparable size
PIT Technics
BE 1003.831.026
Kortenberg · Eq €18,604
Integra Solutions
BE 1026.217.834
Grimbergen · Eq €18,603
PASCALEC
BE 0536.800.572
Charleroi · Eq €18,600
ELECTRICITE MIGNON
BE 0543.439.233
Dinant · Eq €18,600
Elatec!
BE 0607.960.960
Puurs-Sint-Amands · Eq €18,600
Of 22,831 companies in sector 43211 we hold annual accounts for 10,329. 7,056 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
Founded06-01-2016
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0645607650
Also
9925:BE0645607650
Registered
17-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.