Absolution security
ActiveSummary
Absolution security has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €41,834 and a net result of €4,928. Equity is growing by ~10.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability72▲+1
Solvency46=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity tight (current ratio 1.03 against 1.25 in 2023; short-term debt: 78.7% and cash: 43.1% of total assets), and 79.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
20.8%
Return on assets
2.5%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 80
Relative position
BE, all sectors
reference
Investigation and security activities (NACE 80)
about 5% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-06-2026, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
44 d early
2024
23 d early
2023
15 d early
2022
3 d early
2021
31 d early
2020
27 d late
2019
26 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 9 days before the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 8 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, micro schema
Turnover
€1.1m
EBIT margin
9.1%
Net result
€4,928▲ 74.5%
2023 · €2,824
Working capital
€4,724▼ 86.1%
2023 · €34,012
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 80, Investigation and security activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€1.1m
Operating result-€6,525▲ 5.3%€103,372€43,781▼ 57.6%€5,232▼ 88.0%€9,802▲ 87.3%
Net result-€7,636below the sector's middle half▲ 6.9%€72,754above the sector's middle half€23,781within the sector's middle half▼ 67.3%€2,824within the sector's middle half▼ 88.1%€4,928within the sector's middle half▲ 74.5%
EBIT margin9.1%
Equity€9,547within the sector's middle half▼ 44.4%€10,301within the sector's middle half▲ 7.9%€34,082within the sector's middle half▲ 231%€36,906within the sector's middle half▲ 8.3%€41,834within the sector's middle half▲ 13.4%
Total assets€178,164within the sector's middle half▲ 10.3%€274,079above the sector's middle half▲ 53.8%€205,479within the sector's middle half▼ 25.0%€171,887within the sector's middle half▼ 16.3%€200,872within the sector's middle half▲ 16.9%
Debt€168,617▲ 16.8%€263,778▲ 56.4%€171,397▼ 35.0%€134,981▼ 21.2%€159,038▲ 17.8%
Working capital€949within the sector's middle half▼ 79.2%€5,654within the sector's middle half▲ 496%€31,811within the sector's middle half▲ 463%€34,012within the sector's middle half▲ 6.9%€4,724within the sector's middle half▼ 86.1%
Solvency5.4%within the sector's middle half▼ 5.3pp3.8%below the sector's middle half▼ 1.6pp16.6%within the sector's middle half▲ 12.8pp21.5%within the sector's middle half▲ 4.9pp20.8%within the sector's middle half▼ 0.6pp
Current ratio1.01within the sector's middle half▼ 0.031.02within the sector's middle half▲ 0.021.19within the sector's middle half▲ 0.161.25within the sector's middle half▲ 0.071.03below the sector's middle half▼ 0.22
Return on assets (ROA)-4.3%below the sector's middle half▲ 0.8pp26.5%above the sector's middle half▲ 30.8pp11.6%within the sector's middle half▼ 15.0pp1.6%within the sector's middle half▼ 9.9pp2.5%within the sector's middle half▲ 0.8pp
Staff (FTE)9.4above the sector's middle half▲ 16.0%14.9▲ 58.5%13.2▼ 11.4%
above
within
below
the middle half (P25 to P75) of NACE 80, Investigation and security activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 87% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €200,872
Fixed assets
€38,003 ▲ 1,110%
Current assets
€162,869 ▼ 3.5%
Equity and liabilities €200,872
Equity
€41,834 ▲ 13.4%
Debt
€159,038 ▲ 17.8%
Debt's share of the balance-sheet total rises from 78.5% to 79.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€12,035▲
2023 · €5,962
Cash flow
€7,161▲
2023 · €3,554
Debt to equity
3.80▲
2023 · 3.66
ROE
11.8%▲
2023 · 7.7%
Interest coverage
20.05▲
2023 · 9.95
Debt ≤ 1 year
€158,145▲
2023 · €134,735
Debt > 1 year
€236▲
2023 · €221
Income taxes
€5,705▲
2023 · €5,056
Staff costs
€482,467▼
2023 · €578,188
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,508 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 97% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.4%
went bankrupt
1.6%
stopped otherwise
97%
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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% 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 4,508 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €1.1m | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €268,736 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €845,147 | €820,688 | €578,188 | €482,467 | ▼ 16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,070 | €4,070 | €3,585 | €730 | €2,233 | ▲ 206% |
| Other operating charges640/8 | - | €931 | €1,517 | €1,999 | €2,184 | ▲ 9.3% |
| Gross operating margin9900 | €493,368 | €953,521 | €869,570 | €586,149 | €496,686 | ▼ 15.3% |
| Operating profit (loss)9901 | -€6,525 | €103,372 | €43,781 | €5,232 | €9,802 | ▲ 87.3% |
| Financial income75/76B | - | €0 | €1,784 | €3,247 | €1,431 | ▼ 55.9% |
| Recurring financial income75 | €0 | €0 | €1,784 | €3,247 | €1,431 | ▼ 55.9% |
| Financial charges65/66B | - | €3,063 | €717 | €599 | €600 | ▲ 0.2% |
| Recurring financial charges65 | €889 | €3,063 | €717 | €599 | €600 | ▲ 0.2% |
| Profit (loss) for the period before taxes9903 | -€7,413 | €100,309 | €44,848 | €7,880 | €10,633 | ▲ 34.9% |
| Income taxes67/77 | €222 | €27,556 | €21,067 | €5,056 | €5,705 | ▲ 12.8% |
| Profit (loss) for the period9904 | -€7,636 | €72,754 | €23,781 | €2,824 | €4,928 | ▲ 74.5% |
| Profit (loss) for the period to be appropriated9905 | -€7,636 | €72,754 | €23,781 | €2,824 | €4,928 | ▲ 74.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €178,164 | €274,079 | €205,479 | €171,887 | €200,872 | ▲ 16.9% |
| Fixed assets21/28 | €9,176 | €5,105 | €2,491 | €3,140 | €38,003 | ▲ 1,110% |
| Tangible fixed assets22/27 | €7,526 | €3,455 | €2,491 | €3,140 | €38,003 | ▲ 1,110% |
| Plant, machinery and equipment23 | - | €3,455 | €2,491 | €3,140 | €2,385 | ▼ 24.0% |
| Furniture and vehicles24 | - | - | - | - | €35,618 | - |
| Financial fixed assets28 | €1,650 | €1,650 | - | - | - | - |
| Current assets29/58 | €168,988 | €268,973 | €202,988 | €168,747 | €162,869 | ▼ 3.5% |
| Amounts receivable within one year40/41 | €89,991 | €48,092 | €75,141 | €83,531 | €53,242 | ▼ 36.3% |
| Trade receivables40 | - | €45,339 | €38,155 | €65,862 | €39,738 | ▼ 39.7% |
| Other amounts receivable41 | - | €2,753 | €36,986 | €17,669 | €13,503 | ▼ 23.6% |
| Current investments50/53 | €12,500 | €12,500 | €12,527 | €12,527 | €12,567 | ▲ 0.3% |
| Cash at bank and in hand54/58 | €66,497 | €208,382 | €96,579 | €60,537 | €86,651 | ▲ 43.1% |
| Deferred charges and accrued income490/1 | - | - | €18,741 | €12,152 | €10,410 | ▼ 14.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €178,164 | €274,079 | €205,479 | €171,887 | €200,872 | ▲ 16.9% |
| Equity10/15 | €9,547 | €10,301 | €34,082 | €36,906 | €41,834 | ▲ 13.4% |
| Contributions10/11 | - | €6,300 | €6,300 | €6,300 | €6,300 | = |
| Reserves13 | €19,081 | €1,855 | €25,636 | €30,606 | €35,534 | ▲ 16.1% |
| Non-distributable reserves130/1 | - | €1,855 | €1,855 | €1,855 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | €1,855 | €1,855 | €1,855 | €0 | ▼ 100% |
| Distributable reserves133 | - | - | €23,781 | €28,751 | €35,534 | ▲ 23.6% |
| Profit (loss) carried forward14 | -€15,834 | €2,146 | €2,146 | €0 | - | - |
| Amounts payable17/49 | €168,617 | €263,778 | €171,397 | €134,981 | €159,038 | ▲ 17.8% |
| Amounts payable after more than one year17 | €578 | €459 | €221 | €221 | €236 | ▲ 6.8% |
| Other amounts payable178/9 | - | €459 | €221 | €221 | €236 | ▲ 6.8% |
| Amounts payable within one year42/48 | €168,039 | €263,320 | €171,177 | €134,735 | €158,145 | ▲ 17.4% |
| Financial debts43 | - | €1,070 | - | - | - | - |
| Credit institutions430/8 | - | €1,070 | - | - | - | - |
| Trade debts44 | €59,062 | €34,612 | €49,872 | €25,211 | €75,892 | ▲ 201% |
| Suppliers440/4 | - | €34,612 | €49,872 | €25,211 | €75,892 | ▲ 201% |
| Advances received on contracts in progress46 | - | - | €4,462 | €4,462 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | €163,668 | €114,073 | €102,292 | €79,482 | ▼ 22.3% |
| Taxes450/3 | - | €50,528 | €36,873 | €49,526 | €33,957 | ▼ 31.4% |
| Remuneration and social security454/9 | - | €113,140 | €77,200 | €52,767 | €45,526 | ▼ 13.7% |
| Other amounts payable47/48 | - | €63,969 | €2,770 | €2,770 | €2,770 | = |
| Accrued charges and deferred income492/3 | - | - | - | €26 | €658 | ▲ 2,459% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,636 | €72,754 | €23,781 | €2,824 | €4,928 | ▲ 74.5% |
| + Depreciation and write-downs630 | €4,070 | €4,070 | €3,585 | €730 | €2,233 | ▲ 206% |
| Operating cash flow (approximation) | -€3,565 | €76,824 | €27,366 | €3,554 | €7,161 | ▲ 102% |
| Investment in fixed assets (approximation) | - | €0 | -€971 | -€1,378 | -€37,096 | ▼ 2,591% |
| Change in cash | - | €141,885 | -€111,802 | -€36,042 | €26,114 | ▲ 172% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €72,754
Net result €72,754 after 2 loss-making years.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
31-12
Financial
Weakest financial yearnet -€8,198
Net result drops to -€8,198, the lowest in the series; recovery starts the following year.
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 12 days late
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Westerlo · 1 establishment unit since 2014
Ground area
558 m²
Building footprint
178 m²
Volume, LiDAR
1,445 m³
Parcel 13052A0068/00E002, Flanders · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Absolution security
since 20142.232.604.755
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13052A0068/00E002 | Flanders | 558 m² | 1 · 178 m² | 10.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 5,832 EUR awarded · 5,523 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 507 EUR | 855 EUR |
| 2024 | 1 | 473 EUR | 125 EUR |
| 2023 | 2 | 3,912 EUR | 3,603 EUR |
| 2022 | 1 | 940 EUR | 940 EUR |
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Of 700 companies in sector 80010 we hold annual accounts for 349. 248 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded30-01-2014
Fiscal year end31-12
Activities, NACEBEL 2025
80010Investigation and private security services
80090Investigation and security activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0545760602
Also
9925:BE0545760602
Registered
24-11-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.