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ARPEGE SECURITY

Active
Private limited companyfounded 1991active for 35 yearsVanderkinderestraat 359, 1180 Ukkel, BelgiumKBO/BCE: BE 0443.773.119
Summary

ARPEGE SECURITY has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €931,093 and a net result of €209,878. Equity is growing by about 10% per year across the filed financial years. Its solvency ranks better than 95% of 126 sector peers (NACE 80, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

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ARPEGE SECURITYActiveChecked score 58/100
Risk analysis ReportCompare

Overview

Activity
Investigation and security activities
NACE 80090
8th largest company by equity in the Brussels-Capital Region, Security and investigation sector1 site
Size
€1.3mtotal assets 2024
Equity
€931,093
Profit
€209,878
Financial health
58 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Accounts 77 days overdue1 of 3 deeds read
Why 58raises riskCapped at 59: a confirmed filing findingLatest accounts 75 days late; 2 of the last 3 latelowers riskLiquidity: current ratio 16.26, cash €364,444Founded in 1991Equity €1.4m (94.8% of total assets)Show the evidence

Checked score

Score 2024
58 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 85% of its sector peers (NACE 80, micro)
A confirmed filing finding caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2023
Strong
Solvency 98+28
equity 73.3% of total assets
Liquidity 76+34
short-term debt 26.7% · cash 29.4%
Profitability 89+14
return on assets 16.5%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (478 companies, NACE 80, micro)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.2%▲ +0.1 percentage points vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025highest value 10-2025: < 0.1%▼ -0.2 percentage points vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026lowest value 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: 0.1%▲ +0.1 percentage points vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: < 0.1%▼ -0.1 percentage points vs 09-2026
Credit of up to €50,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity ample (current ratio 3.13, compared with 1.57 in 2023, above the usual 1.5; short-term debt: 26.7% and cash: 29.4% of total assets), and 26.7% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 80, micro): better than 90% on solvency, 79% on liquidity, 90% on profitability and 81% on growth.

The bankruptcy probability was computed on 15-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Latest accounts 75 days late; 2 of the last 3 late
NBB · filings
lowers risk · Liquidity: current ratio 16.26, cash €364,444
NBB · annual accounts
lowers risk · Founded in 1991
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Equity €1.4m (94.8% of total assets)
NBB · annual accounts
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 77 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline16-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-08-2025, 30 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
30 days late
2023
61 days late
2022
66 days late
2021
60 days late
2020
31 days late
2019
117 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 61 days after the deadline; the sector median (NACE 80) for financial year 2024 is 2 days before the deadline, and 42% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · micro…
  2. Purpose · Amendment of the articles…Incorporation · Declaration · Name…
  3. Highest result from 2018 to 2024net €209,878 ▲178%

Key points

  • Positive: Result rose in 2024from €75,381 to €209,878 ▲ 178% View
  • Positive: Among the best 5% on solvencysector median 37.8% · 126 companies 94.8% View
  • Caution: Accounts not fileddeadline was 31-07-2026 77 days late View
  • Positive: 7 profitable years in a rowprofit 2024: €209,878 7 years View

By topic

Financials

Financial year
2024
Total assets
€1.3m
Profit
€209,878
Solvency
73.3%
Turnover▲ 27.9%
Net result
20182022
Go to Financials

Timeline

Events
38
Since
1992
  1. 30-09-2024Annual accounts filed
  2. 05-10-2023Annual accounts filed
  3. 29-09-2022Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Investigation and security activitiesNACE 80090
Founded
26-03-1991
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
1
Purpose
“L’achat, la vente, l'importation, l'exportation, la commercialisation, la vente en gros ou…” (deed in French)
Go to Articles of association

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