Private limited company · founded 2013 · 13 yrs activeDiepenbekerweg 11, 3500 Hasselt, BelgiumKBO/BCE: BE 0524.976.866
Summary
AEW Security has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €876,672 and a net result of -€42,112. Equity is growing by ~7.8% per year across the filed fiscal years. Its solvency ranks better than 70% of 50 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
How financially healthy the company is, how likely a bankruptcy is and how much credit is sensible. Start here to know whether you can do business safely.
Score 2025
Checked score
A figure from 0 to 100 for financial health from the latest annual accounts: the higher, the healthier. Without a figure, the card says why. A low score is a reason to look closely at payment terms and security.
Four sides of financial health side by side. You see at a glance where the company is strong and where it is vulnerable.
Profitability24▼-47
Solvency78▼-5
Growth50▼-18
Track record100
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that this company goes bankrupt within twelve months. A low chance is reassuring; with a higher one, agree shorter payment terms or an advance.
0.5%Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity ample (current ratio 2.1 against 2.32 in 2024; short-term debt: 45.4% and cash: 6% of total assets), and 47.3% of the assets are financed with debt.
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 35 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.
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
History
History
The company's story in a few sentences, from the company register, the Belgian State Gazette and the filed annual accounts. Each number opens the document the sentence rests on.
AEW Security was incorporated on 29 March 2013 by A.E.W., with a starting capital of EUR 50,000.12The board currently has 8 members; Sarkri BV has served longest, since 2023.3Revenue grew from EUR 2.9 million in 2018 to EUR 3.6 million in 2025 and headcount from 13.1 to 19.9 full-time equivalents.4
The operating result turns negative in 2025: a loss of €18,894 after €253,957 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.7m
95.6%
Fixed assets€72,967 ▼ 16.0%
Current assets€1.6m ▲ 6.6%
Equity and liabilities €1.7m
52.7%
47.3%
Equity€876,672 ▼ 4.6%
Debt€785,921 ▲ 19.3%
Debt's share of the balance-sheet total rises from 41.8% to 47.3%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€14,556▼
2024 · €298,456
Cash flow
-€8,662▼
2024 · €202,310
Current ratio
2.10▼
2024 · 2.32
Quick ratio
1.13▼
2024 · 1.59
Debt to equity
0.90▲
2024 · 0.72
ROE
-4.8%▼
2024 · 17.2%
ROA
-2.5%▼
2024 · 10.0%
Interest coverage
1.19▼
2024 · 27.49
Debt ≤ 1 year
€755,468▲
2024 · €643,148
Income taxes
€8,050▼
2024 · €85,802
Staff costs
€1.7m▼
2024 · €1.8m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observation
Peer companies
What happened to companies that once looked just like this one does now. It describes the group, not this company: the figures are counted, not predicted.
Of the 2,685 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
Small
10 to 20 years old
solvency 30% or more
a small loss
0.5%went bankrupt
5.5%stopped otherwise
94%still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
The companies in ten equal groups, from lowest to highest expected share.
Group
Expected
Actual
1
0.2%
0.2%
2
0.3%
0.4%
3
0.5%
0.5%
4
0.6%
0.7%
5
0.8%
0.9%
6
1.2%
1.3%
7
1.5%
1.6%
8
1.7%
1.7%
9
2.7%
2.8%
10
5.3%
5.7%
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 2,685 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 accountsAs filed with the NBB · 2025 against 2024 · 67 lines
Balance sheetCode20242025
Assets
Total assets20/58€1.6m€1.7m▲
Fixed assets21/28€86,829€72,967▼
Intangible fixed assets21€10,108€4,243▼
Tangible fixed assets22/27€76,471€68,475▼
Plant, machinery and equipment23€59,772€48,499▼
Furniture and vehicles24€6,774€11,943▲
Other tangible fixed assets26€9,926€8,032▼
Financial fixed assets28€250€250=
Other financial fixed assets284/8€250€250=
Amounts receivable and cash guarantees285/8€250€250=
Current assets29/58€1.5m€1.6m▲
Stocks and contracts in progress3€469,319€737,331▲
Stocks30/36€296,510€339,041▲
Goods purchased for resale34€296,510€339,041▲
Contracts in progress37€172,810€398,290▲
Amounts receivable within one year40/41€849,717€729,366▼
Trade receivables40€799,205€669,122▼
Other amounts receivable41€50,512€60,245▲
Cash at bank and in hand54/58€165,151€100,266▼
Deferred charges and accrued income490/1€6,371€22,663▲
Equity and liabilities
Total equity and liabilities10/49€1.6m€1.7m▲
Equity10/15€918,784€876,672▼
Contributions10/11€55,000€55,000=
Reserves13€704,831€704,831=
Distributable reserves133€704,831€704,831=
Profit (loss) carried forward14€158,954€116,841▼
Amounts payable17/49€658,603€785,921▲
Amounts payable within one year42/48€643,148€755,468▲
Trade debts44€247,170€263,509▲
Suppliers440/4€247,170€263,509▲
Taxes, remuneration and social security45€395,978€281,959▼
Taxes450/3€117,944€118,561▲
Remuneration and social security454/9€278,034€163,399▼
Other amounts payable47/48-€210,000
Accrued charges and deferred income492/3€15,455€30,453▲
Income statementCode20242025
Operating income70/76A€4.2m€4.1m▼
Turnover70€3.8m€3.6m▼
Change in stocks of work in progress, finished goods and contracts in progress71€69,422€225,480▲
Other operating income74€334,022€263,445▼
Non-recurring operating income76A€7,447€11,500▲
Operating charges60/66A€4.0m€4.2m▲
Goods for resale, raw materials and consumables60€1.5m€1.7m▲
Purchases600/8€1.6m€1.8m▲
Change in stocks: decrease (increase)609-€30,101-€42,531▼
Services and other goods61€559,797€710,955▲
Remuneration, social security and pensions62€1.8m€1.7m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€44,499€33,450▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€1,735-
Other operating charges640/8€27,237€23,207▼
Operating profit (loss)9901€253,957-€18,894▼
Financial income75/76B€2,529€1,282▼
Recurring financial income75€2,529€1,282▼
Income from current assets751€862-
Other financial income752/9€1,666€1,282▼
Financial charges65/66B€12,873€16,451▲
Recurring financial charges65€12,873€16,451▲
Debt charges650€10,856€12,266▲
Other financial charges652/9€2,017€4,185▲
Profit (loss) for the period before taxes9903€243,613-€34,062▼
Income taxes67/77€85,802€8,050▼
Taxes670/3€90,000€10,650▼
Tax adjustments and reversals of tax provisions77€4,198€2,600▼
Profit (loss) for the period9904€157,811-€42,112▼
Profit (loss) for the period to be appropriated9905€157,811-€42,112▼
Appropriation of the result
Profit (loss) to be appropriated9906€158,954€116,841▼
Profit (loss) brought forward from the previous period14P€1,143€158,954▲
Social balance
Average headcount (FTE)908721.019.9▼
The notes to these accounts (51 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Line
2021
2022
2023
2024
2025
Change
Operating income70/76A
€2.6m
€2.8m
€3.4m
€4.2m
€4.1m
▼ 2.2%
Turnover70
€2.4m
€2.6m
€3.1m
€3.8m
€3.6m
▼ 4.8%
Change in stocks of work in progress, finished goods and contracts in progress71
-€36,987
€20,147
€12,990
€69,422
€225,480
▲ 225%
Other operating income74
€225,393
€193,236
€325,646
€334,022
€263,445
▼ 21.1%
Non-recurring operating income76A
-
€9,896
-
€7,447
€11,500
▲ 54.4%
Operating charges60/66A
€2.5m
€2.7m
€3.4m
€4.0m
€4.2m
▲ 4.5%
Goods for resale, raw materials and consumables60
€1.0m
€1.1m
€1.3m
€1.5m
€1.7m
▲ 11.4%
Purchases600/8
€1.0m
€1.2m
€1.2m
€1.6m
€1.8m
▲ 11.9%
Change in stocks: decrease (increase)609
-€23,366
-€122,932
€18,036
-€30,101
-€42,531
▼ 41.3%
Services and other goods61
€373,930
€486,058
€571,600
€559,797
€710,955
▲ 27.0%
Remuneration, social security and pensions62
€986,111
€1.1m
€1.5m
€1.8m
€1.7m
▼ 7.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630
€76,786
€68,209
€50,258
€44,499
€33,450
▼ 24.8%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4
-
€1,735
-
-€1,735
-
-
Other operating charges640/8
€9,832
€14,169
€18,967
€27,237
€23,207
▼ 14.8%
Non-recurring operating charges66A
-
€135
-
-
-
-
Operating profit (loss)9901
€117,621
€94,702
€39,431
€253,957
-€18,894
▼ 107%
Financial income75/76B
€346
€2
€386
€2,529
€1,282
▼ 49.3%
Recurring financial income75
€346
€2
€386
€2,529
€1,282
▼ 49.3%
Income from current assets751
-
-
-
€862
-
-
Other financial income752/9
€346
€2
€386
€1,666
€1,282
▼ 23.1%
Financial charges65/66B
€2,517
€1,198
€11,324
€12,873
€16,451
▲ 27.8%
Recurring financial charges65
€2,517
€1,198
€11,324
€12,873
€16,451
▲ 27.8%
Debt charges650
€478
€204
€9,595
€10,856
€12,266
▲ 13.0%
Other financial charges652/9
€2,038
€994
€1,729
€2,017
€4,185
▲ 107%
Profit (loss) for the period before taxes9903
€115,450
€93,506
€28,493
€243,613
-€34,062
▼ 114%
Income taxes67/77
€38,646
€37,295
€27,350
€85,802
€8,050
▼ 90.6%
Taxes670/3
€38,646
€37,295
€27,350
€90,000
€10,650
▼ 88.2%
Tax adjustments and reversals of tax provisions77
-
-
-
€4,198
€2,600
▼ 38.1%
Profit (loss) for the period9904
€76,805
€56,211
€1,143
€157,811
-€42,112
▼ 127%
Profit (loss) for the period to be appropriated9905
€76,805
€56,211
€1,143
€157,811
-€42,112
▼ 127%
Line
2021
2022
2023
2024
2025
Change
Assets
Total assets20/58
€1.1m
€1.4m
€1.5m
€1.6m
€1.7m
▲ 5.4%
Fixed assets21/28
€97,262
€95,597
€92,990
€86,829
€72,967
▼ 16.0%
Intangible fixed assets21
-
-
€3,244
€10,108
€4,243
▼ 58.0%
Tangible fixed assets22/27
€97,012
€95,347
€89,495
€76,471
€68,475
▼ 10.5%
Plant, machinery and equipment23
€86,498
€68,380
€58,241
€59,772
€48,499
▼ 18.9%
Furniture and vehicles24
€7,904
€22,100
€12,475
€6,774
€11,943
▲ 76.3%
Other tangible fixed assets26
-
-
€11,819
€9,926
€8,032
▼ 19.1%
Assets under construction and advance payments27
€2,610
€4,867
€6,960
-
-
-
Financial fixed assets28
€250
€250
€250
€250
€250
=
Other financial fixed assets284/8
€250
€250
€250
€250
€250
=
Amounts receivable and cash guarantees285/8
€250
€250
€250
€250
€250
=
Current assets29/58
€1.0m
€1.3m
€1.4m
€1.5m
€1.6m
▲ 6.6%
Stocks and contracts in progress3
€231,764
€374,843
€369,796
€469,319
€737,331
▲ 57.1%
Stocks30/36
€161,513
€284,445
€266,409
€296,510
€339,041
▲ 14.3%
Goods purchased for resale34
€161,513
€284,445
€266,409
€296,510
€339,041
▲ 14.3%
Contracts in progress37
€70,251
€90,398
€103,388
€172,810
€398,290
▲ 130%
Amounts receivable within one year40/41
€597,585
€830,551
€862,824
€849,717
€729,366
▼ 14.2%
Trade receivables40
€567,182
€753,090
€812,392
€799,205
€669,122
▼ 16.3%
Other amounts receivable41
€30,403
€77,460
€50,432
€50,512
€60,245
▲ 19.3%
Cash at bank and in hand54/58
€202,293
€86,794
€152,902
€165,151
€100,266
▼ 39.3%
Deferred charges and accrued income490/1
€6,818
€18,722
€19,441
€6,371
€22,663
▲ 256%
Equity and liabilities
Total equity and liabilities10/49
€1.1m
€1.4m
€1.5m
€1.6m
€1.7m
▲ 5.4%
Equity10/15
€703,620
€759,831
€760,974
€918,784
€876,672
▼ 4.6%
Contributions10/11
€50,000
€50,000
€55,000
€55,000
€55,000
=
Capital10
€50,000
€50,000
-
-
-
-
Issued capital100
€50,000
€50,000
-
-
-
-
Reserves13
€653,620
€709,831
€704,831
€704,831
€704,831
=
Non-distributable reserves130/1
€5,000
€5,000
-
-
-
-
Legal reserve130
€5,000
€5,000
-
-
-
-
Distributable reserves133
€648,620
€704,831
€704,831
€704,831
€704,831
=
Profit (loss) carried forward14
-
-
€1,143
€158,954
€116,841
▼ 26.5%
Amounts payable17/49
€432,102
€646,675
€736,980
€658,603
€785,921
▲ 19.3%
Amounts payable within one year42/48
€417,590
€632,992
€726,347
€643,148
€755,468
▲ 17.5%
Financial debts43
€44,097
-
-
-
-
-
Credit institutions430/8
€44,097
-
-
-
-
-
Trade debts44
€130,273
€294,118
€274,125
€247,170
€263,509
▲ 6.6%
Suppliers440/4
€130,273
€294,118
€274,125
€247,170
€263,509
▲ 6.6%
Advances received on contracts in progress46
€46,170
€35,810
€79,458
-
-
-
Taxes, remuneration and social security45
€197,050
€202,124
€272,763
€395,978
€281,959
▼ 28.8%
Taxes450/3
€46,081
€32,116
€65,804
€117,944
€118,561
▲ 0.5%
Remuneration and social security454/9
€150,968
€170,009
€206,959
€278,034
€163,399
▼ 41.2%
Other amounts payable47/48
-
€100,940
€100,000
-
€210,000
-
Accrued charges and deferred income492/3
€14,511
€13,683
€10,633
€15,455
€30,453
▲ 97.0%
Line
2021
2022
2023
2024
2025
Change
Profit (loss) for the period9904
€76,805
€56,211
€1,143
€157,811
-€42,112
▼ 127%
+ Depreciation and write-downs630
€76,786
€68,209
€50,258
€44,499
€33,450
▼ 24.8%
Operating cash flow (approximation)
€153,590
€124,419
€51,401
€202,310
-€8,662
▼ 104%
Investment in fixed assets (approximation)
-
-€66,543
-€47,651
-€38,338
-€19,588
▲ 48.9%
Change in cash
-
-€115,499
€66,109
€12,249
-€64,886
▼ 630%
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
State Gazette actAppointment: Thierry Vanosselaer (manager)
2 facts ▸
General meeting, 05-04-2018
Director appointment, Thierry Vanosselaer (manager)
21-03
NBB filingAnnual accounts filed
fiscal year 2016 · full schema · 233 days late
12-03
State Gazette actAppointment: BDO Bedrijfsrevisoren (statutory auditor)
Permanent representative: Gert Maris · Auditor dismissal4 facts ▸
General meeting, 01-12-2017
Auditor appointment, BDO Bedrijfsrevisoren
Permanent representative, Gert Maris
Auditor dismissal
2017
31-10
State Gazette actAlgemene Vergadering
Power of attorney2 facts ▸
General meeting, 12-10-2017
Power of attorney, Thierry VAN OSSELAER
12-05
State Gazette actAppointment: MVS MANAGEMENT GCV (manager)
Permanent representatives: Marc Van Den Steen and Demot Michel4 facts ▸
General meeting, 06-03-2017
Director appointment, MVS MANAGEMENT GCV (manager)
Permanent representative, Marc Van Den Steen
Permanent representative, Demot Michel
2016
14-10
State Gazette actResignation: Improve BVBA (manager)
Permanent representatives: Theo Helven and Michel Demot · Appointment: A.E.W NV (manager)5 facts ▸
General meeting, 06-09-2016
Director resignation, Improve BVBA (manager)
Permanent representative, Theo Helven
Permanent representative, Michel Demot
Director appointment, A.E.W NV (manager)
2013
10-04
State Gazette actIncorporation
Appointments: A.E.W. (manager) and IMPROVE (manager) · Permanent representatives: Demot Michel Francois and HELVEN Theo Robert · Founding capital7 facts ▸
Incorporation, 28-03-2013
Founding capital, €50.000
Director appointment, A.E.W. (manager)
Director appointment, IMPROVE (manager)
Permanent representative, Demot Michel Francois
Permanent representative, HELVEN Theo Robert
Power of attorney, VAN OSSELÁER Thierry
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
17 of 17 acts read
Directors · office · real estate
Directors and office
Who runs the company and where it is based. It tells you who you are talking to and whether the address checks out.
Directors
Directors
Who runs the company today and since when, grouped the way the CBE groups its function holders. Many recent board changes are a reason to keep a close eye.
9 directors, no change since 2025
Board 9
SB
Sarkri BV
Director · since 03-08-2023 · Legal entity · perm. rep.: Sarah Houben
"From a recent act": read from a Gazette act not yet processed into our list of directors.
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Location & real estate
Where the company is based and which parcels are linked to its addresses. An address shared by many companies is often a registered-office service.
Diepenbekerweg 11, 3500 HasseltInstallation of industrial machinery and equipment
since 20132.219.337.135
1 parcel
Flanders1(100%)
Parcel (capakey)
Region
Area
Buildings
Height / fl.
71328D0502/00R000
Flanders
2,291 m²
1 · 320 m²
9.1 m · 2 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.
Mandate history
Mandate history
Who held which function and when, per person: one bar per period, from appointment to resignation or to today. An open left edge means the mandate began before the oldest act we hold.
Elektriciteitswerken; Fabricage van, groot- en kleinhandel in, import en export en plaatsing van veiligheidsinstallaties en veiligheidssystemen; Diensten verlenen i.v.m. advies…
Full purpose
Elektriciteitswerken; Fabricage van, groot- en kleinhandel in, import en export en plaatsing van veiligheidsinstallaties en veiligheidssystemen; Diensten verlenen i.v.m. advies, concepting, ontwerp, engineering, detailengineering, automatisatie, opleiding, toezicht houden, exploitatie; Software; Elektrisch; Telecommunicatie; HVAC; Groene energie; Industriële pijpleidingen en kanalisatie; Metaalconstructies; Timmer- en schrijnwerk; Dakdekken en isolatie; Thermische en geluidsisolatie; Algemene bouwwerkzaamheden; Slopingswerken; Voegwerken; Vloerbedekking en muurbekleding; Stukadoorswerken; Restauratiewerken; Glaswerken; Schilder- en behangwerk; Speciale installaties; Waterbouwkundige werken; Bijzondere grondwerken; Draineringswerken; Andere grondwerken; Wegenwerken; Leggen van kabels; Spoorlijnen; Aanleg en onderhoud van diverse terreinen; Verkeerssignalisatie; Schoorsteen- en ovenbouw; Gevel- en muurbehandeling; Bouw van uiteenneembare elementen; Opslagtanks; Lucht- en waterbehandeling; Civiele werken; Gas- en watervoorziening; Thermische en thermo-elektrische installaties; Distributie van vloeistoffen en gassen; Plaatsen en inrichten van speciale sites; Hydromechanische uitrustingsinstallaties; Procesbeheer; Inrichtingen; Huisvuilverwerkings- en waterzuiveringsinstallaties; Burgerlijke bouwkunde; Overladen en hijstoestellen; Oleo-mechanische uitrustingen; Milieu en veiligheidstechnieken; Financieel; Makelen en bemiddelen inzake factoring- en leasingverrichtingen; Verlenen van bijstand, advies, management; Beleggingen en beheer van vermogens; Industriële, handels-, roerende, onroerende- en financiële verrichtingen; Oprichten van filialen; Aankoop, verkoop, ruiling, commissie, makelarij, huur, erfpacht, verhuring, bouwen, uitbating, valoriseren, verdeling, beheer van onroerende goederen; Infrastructuur en uitrustingswerken; Renovatie- en verbouwingswerken; Engineering, studie, constructie, montage, demontage, installatie, verbinding, in dienst stelling, aankoop en verkoop, import en export, vervoer, verhuring, huurkoop, onderhoud en herstelling; Knowhow, contracten, projecten, installaties, opvolging, controle; Beveiligingsdoeleinden; Administratieve taken; Opleidingscursussen; Adviseur, studiebureau, toezichter, controleur, aannemer, hoofdaannemer, onderaannemer, tussenpersoon, vertegenwoordiger, consignatie, commissie; Groothandelaar, kleinhandelaar, fabrikant; Managementdiensten, advies, begeleiding; Diverse werkzaamheden.
Who owns the company and which companies it holds shares in, as the companies file it in their annual accounts. It shows which group it belongs to and who ultimately stands behind it.
The accounts to 31-12-2025 list no holdings, and no other source names one.
According to the 2025 annual accounts of AEW Security and those of the other companies, the acts in the Belgian Gazette and the LEI register.
The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
Connections & network
Which other companies are linked to this one through directors or shares. Look especially for linked companies in trouble.
6 connected companies
Depth
Shared directors
This companyCompanyDirectorShareholding+N: links not shown yetClick a node to look further, drag to arrange, scroll to zoom.
Of 462 companies in sector 80090 we hold annual accounts for 262. 134 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Company details
The company's official details: legal form, status, activities and founding date. Useful to draw up an invoice or contract correctly.