Checked.be
Active
BE 0445.660.857Private limited company
A.A.S.-Security
Hagenbroeksesteenweg 301 ·2500 Lier, Belgium· 34 yrs active
Conclusion
A.A.S.-Security has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-10k) and a net result of €-10k. Equity is shrinking by ~89.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.3% (low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €-10k |
| Net result | €-10k |
| Active | 34 yrs |
| Locations | 1 |
Financial profile
58
/ 100
Mixed profile: strong on profitability, weaker on health.
All 5 axes are computed from data Checked has read.
Health
25
Profitability
100
Solvency
33
Growth
32
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1991, 34 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 Flags
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.
Checked score
25
/ 100
Weak
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.
Indicative credit limit
No credit
negative equity or figures too weak
Score history
18
2021
28
2022
20
2023
25
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.00 (< 1.0)
-10
Quick ratio
Quick ratio 0.00 (< 0.6)
-5
Equity
Negative equity
-25
Profitability
ROE 106% (≥ 10%)
+10
Interest coverage
Interest coverage 3.2× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 24-07-2025 with the NBB · fiscal year 2024 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Net result: declining trend of ~9.8%/year over 4 fiscal years, indicative, assuming unchanged policy.
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).
€2k
-41.9%
21-24
€-10k
-17.5%
21-24
€1k
-47.1%
21-24
€165k
-5.9%
21-24
€-10k
-
21-24
€-160k
-3.0%
21-24
€175k
-0.1%
21-24
€160k
+3.2%
21-24
€15k
-25.8%
21-24
0.00
+244.6%
21-24
0.00
+244.6%
21-24
-5.8%
-
21-24
-18.19
-
21-24
106.0%
-
21-24
-6.2%
-24.8%
21-24
3.16
-21.5%
21-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €2k | €3k | €7k | €3k |
| Net profit | €-10k | €-9k | €-6k | €-9k |
| Cash flow | €1k | €3k | €6k | €2k |
| Staff costs | - | - | - | - |
| Income taxes | - | - | - | - |
| Dividends | - | - | - | - |
| Total assets | €165k | €176k | €187k | €198k |
| Equity | €-10k | €581 | €9k | €15k |
| Debt | €175k | €175k | €178k | €183k |
| of which ≤ 1y | €160k | €155k | €153k | €151k |
| of which > 1y | €15k | €20k | €25k | €32k |
| Working capital | €-160k | €-155k | €-153k | €-151k |
| Employees (FTE) | - | - | - | - |
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 0.00 | 0.00 | 0.00 | 0.00 |
| Quick ratio | 0.00 | 0.00 | 0.00 | 0.00 |
| Working capital ratio | -96.8% | -88.4% | -81.5% | -76.2% |
| Solvency | -5.8% | 0.3% | 4.9% | 7.5% |
| Debt / equity | -18.19 | 301.17 | 19.23 | 12.32 |
| Long-term debt ratio | -1.52 | 33.91 | 2.66 | 2.13 |
| Interest coverage | 3.16 | 4.03 | 6.74 | 2.61 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | -6.2% | -4.9% | -3.0% | -4.7% |
| ROE | 106.0% | -1493.7% | -60.7% | -63.3% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (21 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €165k | €176k | €187k | €198k |
| Fixed assets | 21/28 | €165k | €175k | €187k | €198k |
| Tangible fixed assets | 22/27 | €165k | €175k | €187k | €198k |
| Current assets | 29/58 | €313 | €88 | €633 | €222 |
| Amounts receivable within one year | 40/41 | - | €0 | €400 | - |
| Cash & bank | 54/58 | €313 | €88 | €233 | €222 |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €165k | €176k | €187k | €198k |
| Equity | 10/15 | €-10k | €581 | €9k | €15k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k |
| Reserves | 13 | €2k | €2k | €2k | €2k |
| Accumulated profits (losses) | 14 | €-30k | €-20k | €-11k | €-6k |
| Amounts payable | 17/49 | €175k | €175k | €178k | €183k |
| Amounts payable after one year | 17 | €15k | €20k | €25k | €32k |
| Amounts payable within one year | 42/48 | €160k | €155k | €153k | €151k |
| Trade debts payable within one year | 44 | €64 | €2k | €307 | €151 |
| Income statement | |||||
| Gross operating margin | 9900 | €2k | €4k | €7k | €3k |
| Operating result | 9901 | €-10k | €-8k | €-5k | €-8k |
| Financial charges | 65 | €622 | €840 | €977 | €1k |
| Result before taxes | 9903 | €-10k | €-9k | €-6k | €-9k |
| Net result for the period | 9904 | €-10k | €-9k | €-6k | €-9k |
| Result to be appropriated | 9905 | €-10k | €-9k | €-6k | €-9k |
Legal Structure
| NACE primary | - |
| Legal form | Private limited company(610) |
| Incorporation | 06-11-1991 |
| Status | Active |
| Postal code | 2500 |
Establishment units
CALUMA DE KEMPEN
since 19912.055.144.839
Real-estate footprint
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12392A0204/00D000 | Flanders | 2,720 m² | 1 · 193 m² | 8.4 m · 2 fl. |
| 11049B0639/00S000 | Flanders | 1,125 m² | 1 · 150 m² | 7.1 m · 2 fl. |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
13-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 74 days late
2019
09-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 70 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Credit advice
Company registry (CBE)
Names & trade names
| Legal nameNL | A.A.S.-Security |