Alliance Security
ActiveSummary
Alliance Security has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €195,950 and a net result of -€64,745. Equity is growing by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 24% of 259 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability8▼-19
Solvency41▼-29
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.53 against 1.65 in 2024; short-term debt: 83.3% and cash: 0% of total assets), and 83.7% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€64,745
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 259 sector peers (2025).
NBB · sector comparisonPosition among 259 sector peers
Solvency
better than 24%
← weakest
strongest →
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
29 d late
2023
27 d late
2022
67 d late
2021
2 d early
2020
30 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 25 days after 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 28 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#5 company by total assets in the province of Liège, Security and investigation sector#10 company by equity in the province of Liège, Security and investigation sector
Turnover
€577,827
EBIT margin
-10.3%
Net result
-€64,745▼ 453%
2024 · -€11,717
Working capital
-€467,466
2024 · €208,061
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€577,827
Operating result-€767€162,072€196,819▲ 21.4%€250▼ 99.9%-€59,475
Net result-€1,276within the sector's middle half€111,362above the sector's middle half€140,590above the sector's middle half▲ 26.2%-€11,717below the sector's middle half-€64,745below the sector's middle half▼ 453%
EBIT margin-10.3%
Equity€252,269above the sector's middle half▼ 0.5%€363,631above the sector's middle half▲ 44.1%€272,412above the sector's middle half▼ 25.1%€260,694above the sector's middle half▼ 4.3%€195,950above the sector's middle half▼ 24.8%
Total assets€376,599above the sector's middle half▲ 6.7%€600,332above the sector's middle half▲ 59.4%€789,450above the sector's middle half▲ 31.5%€580,514above the sector's middle half▼ 26.5%€1.2mabove the sector's middle half▲ 107%
Debt€124,330▲ 24.9%€236,702▲ 90.4%€517,039▲ 118%€319,820▼ 38.1%€1.0m▲ 215%
Working capital€213,792above the sector's middle half▼ 10.9%€293,842above the sector's middle half▲ 37.4%€209,328above the sector's middle half▼ 28.8%€208,061above the sector's middle half▼ 0.6%-€467,466below the sector's middle half
Solvency67.0%within the sector's middle half▼ 4.8pp60.6%within the sector's middle half▼ 6.4pp34.5%within the sector's middle half▼ 26.1pp44.9%within the sector's middle half▲ 10.4pp16.3%below the sector's middle half▼ 28.6pp
Current ratio2.72within the sector's middle half▼ 0.692.24within the sector's middle half▼ 0.481.40within the sector's middle half▼ 0.841.65within the sector's middle half▲ 0.250.53below the sector's middle half▼ 1.12
Return on assets (ROA)-0.3%within the sector's middle half▼ 62.2pp18.6%within the sector's middle half▲ 18.9pp17.8%within the sector's middle half▼ 0.7pp-2.0%within the sector's middle half▼ 19.8pp-5.4%below the sector's middle half▼ 3.4pp
Staff (FTE)1.7▼ 19.0%4.4▲ 159%6.2▲ 40.9%9▲ 45.2%6.8▼ 24.4%
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 turns negative in 2025: a loss of €59,475 after €250 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€668,580 ▲ 1,170%
Current assets
€535,520 ▲ 1.4%
Equity and liabilities €1.2m
Equity
€195,950 ▼ 24.8%
Debt
€1.0m ▲ 215%
Debt's share of the balance-sheet total rises from 55.1% to 83.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€42,946▼
2024 · €12,906
Cash flow
-€48,216▼
2024 · €939
Debt to equity
5.14▲
2024 · 1.23
ROE
-33.0%▼
2024 · -4.5%
Interest coverage
-2.54▼
2024 · 1.28
Debt ≤ 1 year
€1.0m▲
2024 · €319,820
Income taxes
€322▼
2024 · €14,913
Staff costs
€320,369▼
2024 · €480,907
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,166 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 94% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a small loss
2.2%
went bankrupt
3.0%
stopped otherwise
94%
still going
A further 0.9% stopped, but we cannot tell whether within those 24 months.
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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| 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% | 1.7% |
| 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 75% 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 2,166 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €577,827 | - |
| Goods, raw materials, services and sundry goods60/61 | €123,047 | €192,599 | €442,938 | €425,831 | €299,514 | ▼ 29.7% |
| Remuneration, social security and pensions62 | €28,411 | €144,955 | €358,525 | €480,907 | €320,369 | ▼ 33.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,598 | €12,811 | €17,877 | €12,656 | €16,529 | ▲ 30.6% |
| Other operating charges640/8 | €30,145 | €4,225 | €22,851 | €32,089 | €13,845 | ▼ 56.9% |
| Gross operating margin9900 | €67,388 | €324,063 | €596,071 | €525,902 | €291,268 | ▼ 44.6% |
| Operating profit (loss)9901 | -€767 | €162,072 | €196,819 | €250 | -€59,475 | ▼ 23,909% |
| Financial income75/76B | €2,402 | €6,524 | €9,829 | €13,024 | €11,961 | ▼ 8.2% |
| Recurring financial income75 | €2,402 | €6,524 | €9,829 | €13,024 | €11,961 | ▼ 8.2% |
| Financial charges65/66B | €1,389 | €8,780 | €6,358 | €10,078 | €16,908 | ▲ 67.8% |
| Recurring financial charges65 | €1,389 | €8,780 | €6,358 | €10,078 | €16,908 | ▲ 67.8% |
| Profit (loss) for the period before taxes9903 | €246 | €159,815 | €200,290 | €3,196 | -€64,422 | ▼ 2,116% |
| Income taxes67/77 | €1,523 | €48,453 | €59,700 | €14,913 | €322 | ▼ 97.8% |
| Profit (loss) for the period9904 | -€1,276 | €111,362 | €140,590 | -€11,717 | -€64,745 | ▼ 453% |
| Profit (loss) for the period to be appropriated9905 | -€1,276 | €111,362 | €140,590 | -€11,717 | -€64,745 | ▼ 453% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €376,599 | €600,332 | €789,450 | €580,514 | €1.2m | ▲ 107% |
| Fixed assets21/28 | €38,477 | €69,788 | €63,083 | €52,634 | €668,580 | ▲ 1,170% |
| Tangible fixed assets22/27 | €25,797 | €57,108 | €50,213 | €39,954 | €85,900 | ▲ 115% |
| Plant, machinery and equipment23 | €13,287 | €41,901 | €42,981 | €32,748 | €22,516 | ▼ 31.2% |
| Furniture and vehicles24 | €12,510 | €15,207 | €7,232 | €7,205 | €63,384 | ▲ 780% |
| Financial fixed assets28 | €12,680 | €12,680 | €12,870 | €12,680 | €582,680 | ▲ 4,495% |
| Current assets29/58 | €338,122 | €530,544 | €726,367 | €527,880 | €535,520 | ▲ 1.4% |
| Amounts receivable within one year40/41 | €335,122 | €528,544 | €720,533 | €475,522 | €487,596 | ▲ 2.5% |
| Trade receivables40 | €301,711 | €374,199 | €506,808 | €261,659 | €307,549 | ▲ 17.5% |
| Other amounts receivable41 | €33,411 | €154,345 | €213,725 | €213,864 | €180,047 | ▼ 15.8% |
| Cash at bank and in hand54/58 | €0 | €0 | €5,834 | €4,434 | €0 | ▼ 100% |
| Deferred charges and accrued income490/1 | €3,000 | €2,000 | €0 | €47,924 | €47,924 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €376,599 | €600,332 | €789,450 | €580,514 | €1.2m | ▲ 107% |
| Equity10/15 | €252,269 | €363,631 | €272,412 | €260,694 | €195,950 | ▼ 24.8% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | €18,600 | - | - | - | - |
| Issued capital100 | €18,600 | €18,600 | - | - | - | - |
| Reserves13 | €1,860 | €113,222 | €113,222 | €113,222 | €113,222 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €111,362 | €111,362 | €111,362 | €111,362 | = |
| Profit (loss) carried forward14 | €231,809 | €231,809 | €140,590 | €128,873 | €64,128 | ▼ 50.2% |
| Amounts payable17/49 | €124,330 | €236,702 | €517,039 | €319,820 | €1.0m | ▲ 215% |
| Amounts payable after more than one year17 | - | €0 | - | - | - | - |
| Financial debts170/4 | - | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €124,330 | €236,702 | €517,039 | €319,820 | €1.0m | ▲ 214% |
| Current portion of amounts payable after more than one year42 | - | €0 | - | - | - | - |
| Financial debts43 | €1,388 | €1,133 | €0 | €5,914 | €7,740 | ▲ 30.9% |
| Credit institutions430/8 | €1,388 | €1,133 | €0 | €5,914 | €7,740 | ▲ 30.9% |
| Trade debts44 | €14,933 | €48,197 | €95,573 | €111,342 | €291,896 | ▲ 162% |
| Suppliers440/4 | €14,933 | €48,197 | €95,573 | €111,342 | €291,896 | ▲ 162% |
| Taxes, remuneration and social security45 | €108,010 | €187,371 | €259,200 | €202,564 | €245,351 | ▲ 21.1% |
| Taxes450/3 | €101,494 | €173,441 | €211,164 | €140,547 | €179,070 | ▲ 27.4% |
| Remuneration and social security454/9 | €6,515 | €13,931 | €48,035 | €62,018 | €66,281 | ▲ 6.9% |
| Other amounts payable47/48 | €0 | €0 | €162,266 | €0 | €458,000 | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €5,164 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,276 | €111,362 | €140,590 | -€11,717 | -€64,745 | ▼ 453% |
| + Depreciation and write-downs630 | €9,598 | €12,811 | €17,877 | €12,656 | €16,529 | ▲ 30.6% |
| Operating cash flow (approximation) | €8,322 | €124,173 | €158,467 | €939 | -€48,216 | ▼ 5,234% |
| Investment in fixed assets (approximation) | - | -€44,123 | -€11,172 | -€2,207 | -€632,475 | ▼ 28,563% |
| Change in cash | - | €0 | €5,834 | -€1,400 | -€4,434 | ▼ 217% |
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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€64,745
Net result drops to -€64,745, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 67 days late
2022
31-12
Financial
Back to profitnet €111,362
Net result €111,362 after one loss-making year.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Highest result since 2018net €218,298 ▲4,657%
Operating result €295,991, net result €218,298, both a record.
31-12
Financial
Liquidity doublescurrent ratio 3.41
Current ratio from 1.48 to 3.41.
31-12
Financial
Equity above €200,000Eq €253,545 ▲619%
3 profitable years in a row build equity to €253,545.
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
Show earlier events
2019
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
10-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 41 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Liège · 1 establishment unit since 2013
Ground area
4,486 m²
Building footprint
1,226 m²
Volume, LiDAR
37,006 m³
Parcel 62806C0162/00R004, Wallonia · tallest building 33.8 m, ±10 floors. Linked by address, not a title deed.
16
companies at this address
See who is registered here
1 establishment unit
Esplanade de l'Europe 2, 4020 Liège
since 20132.221.183.402
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62806C0162/00R004 ProtectedSite or landscape |
Wallonia | 4,486 m² | 1 · 1,226 m² | 33.8 m · 10 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 700 companies in sector 80010 we hold annual accounts for 349. 249 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
Founded18-01-2013
Fiscal year end31-12
Activities, NACEBEL 2025
80010Investigation and private security services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0502592335
Also
9925:BE0502592335
Registered
09-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.