ACTIVE

The Security Factory

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Financial year 2025 · closed on 31/12/2025
Net result
724,7 k €
+133.7% YoY
Revenue
3,6 M €
+30.8% YoY
Equity
1,7 M €
-19.0% YoY
Workforce
9,7 ETP
0.0% YoY

What does The Security Factory do?

The Security Factory is a Public limited company incorporated in 2013. Its main activity is: Computer consultancy activities. Its registered office is in Niel. It employs on average 9,7 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0521.990.256
Incorporation
11/03/2013
Legal form
Public limited company
Registered office
Samenwerkingsstraat 50 box 1
2845 Niel · FlandreSee on map
Contributed capital
62 000,00 €
Latest accounts
31/12/2025
Average workforce
9,7 ETP
Activities (NACE)
62020Computer consultancy activities· main62200Computer programming, consultancy and related activities62090Other information technology and computer service activities62900Computer programming, consultancy and related activities
Joint committees (2)
  • 200
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 12 financial years

202520242023202220212020201920182017201620152014
Income statement
Revenue3,6 M €2,7 M €2,5 M €2,2 M €2,3 M €1,9 M €2,9 M €3,3 M €3,6 M €2,5 M €2,5 M €2,1 M €
EBITDA982,5 k €398,9 k €431,2 k €373,8 k €405,3 k €335,1 k €646,2 k €674 k €740,4 k €587,9 k €623,2 k €488,1 k €
Operating result971,4 k €388,5 k €421,3 k €365,5 k €398,1 k €326,5 k €631,9 k €659,2 k €727,6 k €580 k €617,1 k €483 k €
Net result724,7 k €310,1 k €333,1 k €259,6 k €289,2 k €257,8 k €522 k €538,3 k €462,7 k €370,9 k €395,1 k €308,7 k €
Balance sheet
Equity1,7 M €2,1 M €1,8 M €1,5 M €2,2 M €1,9 M €1,8 M €1,5 M €1,3 M €1,1 M €765,9 k €370,7 k €
Total assets2,3 M €2,7 M €2,4 M €2,9 M €2,7 M €2,5 M €2,4 M €2,6 M €2,6 M €2,2 M €2,3 M €849,9 k €
Cash14,4 k €13,6 k €59,1 k €19,8 k €42,4 k €36,7 k €38,5 k €177,4 k €91,2 k €126,2 k €148,8 k €183 k €
Debts524,9 k €496,7 k €539,5 k €1,4 M €471,4 k €560,6 k €656,6 k €1 M €1,2 M €963 k €1,4 M €439,4 k €
Other
Workforce9,7 ETP9,7 ETP8,3 ETP10,0 ETP10,2 ETP10,0 ETP10,0 ETP8,5 ETP10,0 ETP7,8 ETP7,0 ETP2,5 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 11 ended

Active mandates

De Cronos Groep

Director · since 18 mai 2024 · 0467.132.994

Represented by Dirk Deroost

Active

Ended mandates

Diliviri

Director · since 11 octobre 2019 · until 17 février 2022 · 0664.946.381

Represented by Wim Bijnens

Ended
Diliviri

Director · since 11 octobre 2019 · until 17 mai 2024 · 0664.946.381

Represented by Wim Bijnens

Ended
De Cronos Groep

Director · since 19 mai 2018 · until 17 mai 2024 · 0467.132.994

Represented by Dirk Deroost

Ended
Josephus De Wit

Director · since 19 mai 2018 · until 17 février 2022

Ended
At this address

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1011.572.418
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date07/04/202607/07/202511/07/202401/08/202301/08/202205/07/2021
General meeting27/03/202616/05/202517/05/202419/05/202320/05/202221/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

12 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202527/03/202607/04/2026DutchPDF
Abridged model31/12/202416/05/202507/07/2025DutchPDF
Abridged model31/12/202317/05/202411/07/2024DutchPDF
Abridged model31/12/202219/05/202301/08/2023DutchPDF
Abridged model31/12/202120/05/202201/08/2022DutchPDF
Abridged model31/12/202021/05/202105/07/2021DutchPDF
Abridged model31/12/201926/06/202013/07/2020DutchPDF
Abridged model31/12/201817/05/201921/06/2019DutchPDF
Abridged model31/12/201718/05/201827/07/2018DutchPDF
Full model31/12/201619/05/201718/08/2017DutchPDF
Full model31/12/201520/05/201607/07/2016DutchPDF
Full model31/12/201405/06/201523/06/2015DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 11 ended

Active mandates

De Cronos Groep

Director · since 18 mai 2024 · 0467.132.994

Represented by Dirk Deroost

Active

Ended mandates

Diliviri

Director · since 11 octobre 2019 · until 17 février 2022 · 0664.946.381

Represented by Wim Bijnens

Ended
Diliviri

Director · since 11 octobre 2019 · until 17 mai 2024 · 0664.946.381

Represented by Wim Bijnens

Ended
De Cronos Groep

Director · since 19 mai 2018 · until 17 mai 2024 · 0467.132.994

Represented by Dirk Deroost

Ended
Josephus De Wit

Director · since 19 mai 2018 · until 17 février 2022

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates11/05/2026
    Ontslag - Benoeming (Gedelegeerde) Bestuurders - Intrekking en
    PDF
  • Mandates27/11/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/04/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/04/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/11/2021
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates03/12/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates09/01/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates12/09/2018
    ONTSLAGEN - BENOEMINGEN
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025724,7 k €↑
  2. 2024
    Annual accounts 2024310,1 k €↓
  3. 2023
    Annual accounts 2023333,1 k €↑
  4. 2022
    Annual accounts 2022259,6 k €↓
  5. 2021
    Annual accounts 2021289,2 k €↑
  6. 2020
    Annual accounts 2020257,8 k €↓
  7. 2019
    Annual accounts 2019522 k €↓
  8. 2018
    Annual accounts 2018538,3 k €↑
  9. 2017
    Annual accounts 2017462,7 k €↑
  10. 2016
    Annual accounts 2016370,9 k €↓
  11. 2015
    Annual accounts 2015395,1 k €↑
  12. 2014
    Annual accounts 2014308,7 k €
  13. 11/03/2013
    IncorporationPublic limited company