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XP Security

Active
Private limited companyfounded 2024active for 1 yearRue Fontaine l'Evêque 17, 1471 Genappe, BelgiumKBO/BCE: BE 1018.011.040
Summary

XP Security has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €16,782 and a net result of €14,582. Its solvency ranks better than 65% of 34,807 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Financials · financial year 2025, micro format

Turnover
≈ €170,000
Estimated: probably between €120,000 and €270,000
Total assets
€27,726
Net result
€14,582
Working capital
€16,782

Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Equity and liabilities €27,726
Equity €16,782
Debt €10,945
Debt finances 39.5% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€19,289
Cash flow
€15,566
Current ratio
2.53
Quick ratio
2.10
Debt to equity
0.65
ROE
86.9%
ROA
52.6%
Interest coverage
over 100
Debt ≤ 1 year
€10,945
Income taxes
€3,666
Staff costs
€16,915

Peer companies

Historical observation

Of the 11,279 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 96.6% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
96.6% still going

For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 11,279 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
Filed annual accounts As filed with the NBB · 2025 · 37 lines
Balance sheet Code2025
Assets
Total assets20/58€27,726
Current assets29/58€27,726
Stocks and contracts in progress3€4,701
Stocks30/36€4,701
Amounts receivable within one year40/41€4,596
Trade receivables40€4,433
Other amounts receivable41€164
Cash at bank and in hand54/58€12,424
Deferred charges and accrued income490/1€6,005
Equity and liabilities
Total equity and liabilities10/49€27,726
Equity10/15€16,782
Contributions10/11€3,000
Profit (loss) carried forward14€13,782
Amounts payable17/49€10,945
Amounts payable within one year42/48€10,945
Trade debts44€7,443
Suppliers440/4€7,443
Taxes, remuneration and social security45€2,941
Taxes450/3€2,906
Remuneration and social security454/9€35
Other amounts payable47/48€560
Income statement Code2025
Remuneration, social security and pensions62€16,915
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€984
Other operating charges640/8€1,059
Gross operating margin9900€37,263
Operating profit (loss)9901€18,305
Financial income75/76B€67
Recurring financial income75€67
Financial charges65/66B€124
Recurring financial charges65€124
Profit (loss) for the period before taxes9903€18,248
Income taxes67/77€3,666
Profit (loss) for the period9904€14,582
Profit (loss) for the period to be appropriated9905€14,582
Appropriation of the result
Profit (loss) to be appropriated9906€14,582
Profit to be distributed694/7€800
Return on contributions (dividend)694€800

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Remuneration, social security and pensions62€16,915
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€984
Other operating charges640/8€1,059
Gross operating margin9900€37,263
Operating profit (loss)9901€18,305
Financial income75/76B€67
Recurring financial income75€67
Financial charges65/66B€124
Recurring financial charges65€124
Profit (loss) for the period before taxes9903€18,248
Income taxes67/77€3,666
Profit (loss) for the period9904€14,582
Profit (loss) for the period to be appropriated9905€14,582
Line2025
Assets
Total assets20/58€27,726
Current assets29/58€27,726
Stocks and contracts in progress3€4,701
Stocks30/36€4,701
Amounts receivable within one year40/41€4,596
Trade receivables40€4,433
Other amounts receivable41€164
Cash at bank and in hand54/58€12,424
Deferred charges and accrued income490/1€6,005
Equity and liabilities
Total equity and liabilities10/49€27,726
Equity10/15€16,782
Contributions10/11€3,000
Profit (loss) carried forward14€13,782
Amounts payable17/49€10,945
Amounts payable within one year42/48€10,945
Trade debts44€7,443
Suppliers440/4€7,443
Taxes, remuneration and social security45€2,941
Taxes450/3€2,906
Remuneration and social security454/9€35
Other amounts payable47/48€560
Line2025
Profit (loss) for the period9904€14,582
+ Depreciation and write-downs630€984
Operating cash flow (approximation)€15,566

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 02-07-2026 2026-00250048

Similar companies · same sector, comparable size

Of the 22,639 active companies whose main activity is general electrical installation work (NACE 43211), figures are known for 10,550. 7,007 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.