Equity
€190,480 ▲ 38.3%
VISTA SECURITY has made a profit without a break since 2020.
VISTA SECURITY
Lifetime
20 annual accounts with figures on one time axis, 22 filings since 2004peak €902,982 (2025)
€902,982▲ 18.1%
lowest -€16,236 (2009)
€52,770▲ 45.3%
peak €190,480 (2025)
€190,480▲ 38.3%
€602,987▲ 29.7%
peak 1 FTE (2010)
-not published
Board2 names since 2023
1 directorPhilippe HERCOR
Documentsfilings and deeds
29-08-202629 days late
2025micro format
Gross margin from €764,491 to €902,982Result from €36,319 to €52,770Equity from €137,710 to €190,480Debts from €464,952 to €602,987Investments €96,184Cash from €75,582 to €108,045
Key points
from the 2025 annual accountsDebts
€602,987 76% of the balance sheet
Financial debts 14%Suppliers 32%Taxes and wages 13%Other 41%
Of this, €387,243 falls due within a year.
Investments
€96,184 2.8 × depreciation
Green is investment, beige is depreciation.
Staff
10 employees on 31-12-2025
In 2025, 3 people joined and 4 left.
Filings
22 annual accounts since 2004
Three of the last ten came late. The 2025 accounts came latest: 29 days after the end of the period.
Position in the sector
€52,770
Higher net result than 85% of companies in computer and electronic products. Sector median €4,826 · 251 companies.
Checked score
94
Excellent
Financially stronger than 52% of micro companies in computer and electronic products (NACE 26)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 447 companies (NACE 26, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.2%▲ +0.1 percentage points vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.1%▼ -0.1 percentage points vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026highest value
09-2026: < 0.1%▼ -0.2 percentage points vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026
11-2026: < 0.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
lowers risk
Size: total assets €793,467
Figures for financial year 2025 (filed on 31-08-2026)
Sector: Manufacture of computer, electronic and optical products (NACE 26)
Liquidity: current ratio 1.62, cash €108,045
Calculation
The band follows from the bankruptcy probability. 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 26, micro). It does better than 33% of them on solvency, 28% on liquidity, 62% on profitability and 85% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,613 companies had the same profile as VISTA SECURITY has now. Each dot stands for 7 companies, two years later.
97.3%
were still trading
2.0%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of VISTA SECURITY itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,613 companies, not a prediction for VISTA SECURITY. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €17,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.62 (1.84 in 2024), above the usual 1.5. Short-term debt is 48.8% and cash 13.6% of total assets. However, 76% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €190,480
raises risk · 2025 accounts filed 29 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 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
29 days late
2024
29 days early
2023
8 days late
2022
2 days late
2021
128 days early
2020
53 days early
2019
53 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 32 days before the deadline. In the sector (NACE 26), the median for financial year 2024 was 8 days before the deadline, and 34% 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 2 August (4 of the last 5 accounts filed within 31 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0861896567
Security firm approval (alarm systems) renewed
Decision of 18-10-2024, published on 02-10-2025
New director
Philippe HERCOR appointed, Evagelo MORAITIS resigned · “L’achat,la vente,la conception de tout programme informatique; L’expertise auprès des tribunaux; L’entremise…” (deed in French) · Director discharge: Evagelo MORAITIS · General meeting of 04-12-2023 · Gazette deed
Security firm approval (camera systems) granted
Decision of 03-09-2021, published on 31-05-2024
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| VISTA SECURITY Braine-l'Alleud | €0.8m | €902,982 | 24.0% | - |
| ALPHA ELECTRONICS Mont-Saint-Guibert | €2.0m | €509,666 | 35.6% | 6.4 |
| @SAT Kortrijk | €0.9m | €316,452 | 81.6% | - |
| 2 Sign & Safe Antwerp | €0.9m | €288,225 | 81.6% | 2.5 |
| SCREEN DESIGN Uccle | €0.5m | €253,095 | 59.6% | - |
| BRANDBEVEILIGING MARLIER Aalst | €1.2m | €602,526 | 67.8% | 5.1 |
| ICOMS DETECTIONS Ottignies-Louvain-la-Neuve | €1.9m | €730,956 | 9.3% | 6.8 |
These companies have the same main activity as VISTA SECURITY: manufacture of computer, electronic and optical products (NACE 26300). They are comparable in size and age: total assets between €533,000 and €2m, founded between 1993 and 2006.
Official details
Source: KBO- Status
- Active since 27-11-2003Normal situation
- Activity
- Manufacture of computer, electronic and optical productsNACE 26300and 1 other
- Joint committees
- 149.01Electricians: installation and distribution
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.135.516.9601420 Braine-l'Alleud, since 02-01-2004
- Financial year end
- 31 December
- Peppol
- Reachable since 17-11-2025
Annual accounts 2025
- ≈ €1.8mestimated
- €793,467▲ 31.7%
- Employeeson 31-12-2025
- 10▼ 9.1%
- Filing
- Filed on 29-08-2026
Insights on VISTA SECURITY
VISTA SECURITY files the micro format. That format states no turnover. The gross margin rose from €13,558 in 2006 to €902,982 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about VISTA SECURITY
- What is the company number of VISTA SECURITY?
- The company number of VISTA SECURITY is 0861.896.567. The VAT number is the same number with BE in front: BE 0861.896.567.
- Where is VISTA SECURITY based?
- The registered office is at Avenue du Commerce 24B, 1420 Braine-l'Alleud.Company details
- What does VISTA SECURITY do?
- According to the KBO register, the main activity is manufacture of computer, electronic and optical products (NACE 26300).
- What is the legal form of VISTA SECURITY?
- VISTA SECURITY is a private limited company (BV).
- When was VISTA SECURITY founded?
- VISTA SECURITY was founded on 27-11-2003.
- Is VISTA SECURITY still active?
- Yes, VISTA SECURITY is an active enterprise in the KBO register.
- How many employees does VISTA SECURITY have?
- VISTA SECURITY had an average of 10.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does VISTA SECURITY fall under?
- In its 2025 annual accounts, VISTA SECURITY states joint committees 149.01 (Electricians: installation and distribution) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of VISTA SECURITY?
- The turnover in financial year 2025 is ≈ €1.8m. This figure is estimated from the gross margin of €902,982 and 879 comparable companies of the same size. It probably lies between €1.3m and €2.6m. It is a rough estimate.
- Is VISTA SECURITY profitable?
- In financial year 2025, VISTA SECURITY made a profit of €52,770.
- Where can I find the annual accounts of VISTA SECURITY?
- VISTA SECURITY filed 22 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of VISTA SECURITY due?
- VISTA SECURITY must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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