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Complete company report
Generated 29-08-2026
Active BE 0444.359.374Private limited company

Securityland Projects

Tiensesteenweg 168 ·3800 Sint-Truiden, Belgium· 35 yrs active
Sector: Groothandel in andere machines en werktuigen, neg (46649)
Conclusion Checked

The computed 12-month bankruptcy probability of Securityland Projects is 0.4% (very low). The 2024 annual accounts show negative equity (€-13k) and a net result of €-58k. Equity is shrinking by ~14.6% per year across the filed fiscal years. The company has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.
Key figures
Equity €-13k
Net result €-58k
Staff (FTE) 12.3
Active 35 yrs
Financial profile 5 of 5 axes measured · computed by Checked
Health20Profitability100Solvency44Growth32Stability100
59 / 100

Mixed profile: strong on profitability, weaker on health.

All 5 axes are computed from data Checked has read.

Health 20
Profitability 100
Solvency 44
Growth 32
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
0.4% Very low
0%0,5%1,5%4%10%≥25%
Long track record −Higher-failure-rate sector +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 2 signals
Long-established
Founded in 1991, 35 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags0 events
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer FY 2024 · computed
20 / 100 Critical
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 16-07-2026 with the NBB · fiscal year 2024 · verkort
€-300k€-200k€-100k€0€100kOperating result 2020: €55k€55kNet result 2020: €64k€64kOperating result 2021: €16k€16kNet result 2021: €7k€7kOperating result 2022: €14k€14kNet result 2022: €1k€1kOperating result 2023: €-202k€-202kNet result 2023: €-215k€-215kOperating result 2024: €-57k€-57kNet result 2024: €-58k€-58k20202021202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining Equity: declining trend of ~14.6%/year over 7 fiscal years, indicative, assuming unchanged policy.
€-400k€-200k€0€200k2025: €30k (€-70k - €129k)2026: €-6k (€-165k - €154k)2027: €-41k (€-260k - €178k)2018: €223k2019: €243k2020: €252k2021: €259k2022: €260k2023: €46k2024: €-13k2018201920202021202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

EBITDA
€-55k
+71.7% 18-24
Net profit
€-58k
+72.8% 18-24
Cash flow
€-56k
+72.8% 18-24
Total assets
€709k
+6.5% 18-24
Equity
€-13k
- 18-24
Working capital
€-30k
- 18-24
Employees (FTE)
12
-5.4% 18-24
Staff costs
€711k
-10.4% 18-24
Show 11 other metrics
Income taxes
€527
-31.8% 18-24
Debt
€721k
+16.3% 18-24
Debt ≤ 1y
€721k
+16.3% 18-24
Debt > 1y
€4k
-81.0% 18-24
Current ratio
0.96
-10.0% 18-24
Quick ratio
0.86
-9.5% 18-24
Solvency
-1.8%
- 18-24
Debt / equity
-57.43
- 18-24
ROE
464.1%
- 18-24
ROA
-8.2%
+74.5% 18-24
Interest coverage
-14.17
+7.1% 18-24
Figures by fiscal year
Fiscal year2024
Depositverkort
Revenue-
EBITDA€-55k
Net profit€-58k
Cash flow€-56k
Staff costs€711k
Income taxes€527
Dividends-
Total assets€709k
Equity€-13k
Debt€721k
of which ≤ 1y€721k
of which > 1y-
Working capital€-30k
Employees (FTE)12.3
Ratios (computed)
2024
Current ratio0.96
Quick ratio0.86
Working capital ratio-4.2%
Solvency-1.8%
Debt / equity-57.43
Long-term debt ratio-
Interest coverage-14.17
Gross margin-
Net margin-
ROA-8.2%
ROE464.1%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€709k
Fixed assets 21/28€18k
Tangible fixed assets 22/27€14k
Financial fixed assets 28€3k
Current assets 29/58€691k
Stocks & contracts in progress 3€69k
Amounts receivable within one year 40/41€569k
Cash & bank 54/58€41k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€709k
Equity 10/15€-13k
Contributions / capital 10/11€31k
Reserves 13€229k
Accumulated profits (losses) 14€-273k
Amounts payable 17/49€721k
Amounts payable within one year 42/48€721k
Trade debts payable within one year 44€384k
Income statement
Gross operating margin 9900€686k
Operating result 9901€-57k
Financial income 75€3k
Financial charges 65€4k
Result before taxes 9903€-58k
Income taxes 67/77€527
Net result for the period 9904€-58k
Result to be appropriated 9905€-58k
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Groothandel in andere machines en werktuigen, neg(46649)
Legal form Private limited company(610)
Incorporation13-06-1991
StatusActive
Postal code3800
Establishment units 1 location
ALVEM SECURITY
Tiensesteenweg 168, 3800 Sint-Truidende installatie van bewakingssystemen en alarminstallaties tegen diefstal
since 19912.053.856.422
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
71353F0065/00V003 Flanders 3,453 m² 1 · 2,606 m² 29.2 m · 8 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026
16-07-2026
NBB filing Annual accounts filed
fiscal year 2024 · verkort
2024
23-09-2024
NBB filing Annual accounts filed
fiscal year 2023 · verkort
2023
09-10-2023
NBB filing Annual accounts filed
fiscal year 2022 · verkort
2022
31-08-2022
NBB filing Annual accounts filed
fiscal year 2021 · verkort
11-04-2022
State Gazette act Director changes
2021
31-08-2021
NBB filing Annual accounts filed
fiscal year 2020 · verkort
2020
31-08-2020
NBB filing Annual accounts filed
fiscal year 2019 · verkort
2019
29-08-2019
NBB filing Annual accounts filed
fiscal year 2018 · verkort
2018
18-05-2018
NBB filing Annual accounts filed
fiscal year 2017 · verkort
2017
29-05-2017
NBB filing Annual accounts filed
fiscal year 2016 · verkort
2016
16-06-2016
NBB filing Annual accounts filed
fiscal year 2015 · verkort
Belgian State Gazette reading coverage 0 of 3 acts read

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.

Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 4 years ago
2022
11-04-2022 3 directors appointed Director changes
  • Dirk Martens, Vaste vertegenwoordiger
  • Ina Beelen, Dagelijks bestuur
  • Sebastian Ben Abdessalem, Dagelijks bestuur
Technical details 
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      "reason": null,
      "subkind": "regular",
      "via_org": {
        "kbo": "0668.433.235",
        "name": "DSALES BV",
        "address": "Roolerweg 44, 3700 Tongeren",
        "country": "BE",
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      "statutory": null,
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    {
      "kind": "delegation_dagelijks_bestuur_in",
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      "reason": null,
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      "via_org": {
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        "name": "Odigo Advocaten Hasselt CVBA",
        "address": "3500 Hasselt",
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      "via_org": {
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  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2022-04-11",
    "filing_date": "2022-04-01",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "bijzondere_algemene_vergadering",
      "date": "2022-03-28",
      "unanimous": null
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0444.359.374",
    "name_full": "ALVEM - SECURITY",
    "legal_form": "BV"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Mr. Sebastian Ben Abdessalem",
    "org_rep_person_name": null,
    "person_role_at_subject": "Volmachthouder"
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}
Credit advice verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Activities
Algemene elektrotechnische installatiewerken43211Elektrische installatie45310Groothandel in andere machines en werktuigen, neg46649Groothandel in diverse machines en uitrusting voor handel en dienstverlening, n.e.g.51873
Primary activity highlighted.
Names & trade names
Legal nameNL Securityland Projects
Registered office
Tiensesteenweg 168 bus D102
3800 Sint-Truiden, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Similar companies Same sector and region · no size comparison possible · 188 of 2,497 with filed accounts
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative