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ASB SECURITY

Active
Private limited company (pre-2019)founded 2010active for 16 yearsVliegveld 752, 1820 Steenokkerzeel, BelgiumKBO/BCE: BE 0827.754.646

Financials · financial year 2025, abbreviated format

Annual accounts 2025 filed on 24-06-2026 at the NBB all 15 filings

Turnover
≈ €1.4m
Estimated: probably between €850,000 and €2.4m
Total assets
€512,914▲ 21.2%
2024 · €423,269
Net result
€106,102▲ 69.2%
2024 · €62,709
Working capital
€270,737▲ 32.4%
2024 · €204,427
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is 71% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.

Operating result€149,346 2025 Net result€106,102 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Investigation and security activities (NACE 80). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€25,892-€120,779▲ 366%€89,139▼ 26.2%€129,758▲ 45.6%€118,108▼ 9.0%€81,010▼ 31.4%€87,331▲ 7.8%€149,346▲ 71.0%
Net result€23,694-€81,099▲ 242%€68,216above the sector's middle half▼ 15.9%€94,455above the sector's middle half▲ 38.5%€83,858within the sector's middle half▼ 11.2%€57,285within the sector's middle half▼ 31.7%€62,709within the sector's middle half▲ 9.5%€106,102above the sector's middle half▲ 69.2%
Equity€23,958-€105,057▲ 339%€173,272within the sector's middle half▲ 64.9%€220,527within the sector's middle half▲ 27.3%€254,385within the sector's middle half▲ 15.4%€261,670within the sector's middle half▲ 2.9%€284,379within the sector's middle half▲ 8.7%€390,481within the sector's middle half▲ 37.3%
Total assets€110,242-€205,464▲ 86.4%€386,661within the sector's middle half▲ 88.2%€434,539within the sector's middle half▲ 12.4%€476,677within the sector's middle half▲ 9.7%€440,956within the sector's middle half▼ 7.5%€423,269within the sector's middle half▼ 4.0%€512,914within the sector's middle half▲ 21.2%
Debt€86,284-€100,408▲ 16.4%€213,389▲ 113%€214,012▲ 0.3%€222,292▲ 3.9%€179,285▼ 19.3%€138,889▼ 22.5%€122,433▼ 11.8%
Working capital€13,261-€89,674▲ 576%€113,720within the sector's middle half▲ 26.8%€155,749within the sector's middle half▲ 37.0%€196,866within the sector's middle half▲ 26.4%€170,081within the sector's middle half▼ 13.6%€204,427within the sector's middle half▲ 20.2%€270,737within the sector's middle half▲ 32.4%
Solvency21.7%-51.1%▲ 29.4pp44.8%within the sector's middle half▼ 6.3pp50.7%within the sector's middle half▲ 5.9pp53.4%within the sector's middle half▲ 2.6pp59.3%within the sector's middle half▲ 6.0pp67.2%above the sector's middle half▲ 7.8pp76.1%above the sector's middle half▲ 8.9pp
Current ratio1.21-2.15▲ 0.942.02within the sector's middle half▼ 0.132.11within the sector's middle half▲ 0.092.29within the sector's middle half▲ 0.172.18within the sector's middle half▼ 0.102.67within the sector's middle half▲ 0.493.76above the sector's middle half▲ 1.09
Return on assets (ROA)21.5%-39.5%▲ 18.0pp17.6%above the sector's middle half▼ 21.8pp21.7%above the sector's middle half▲ 4.1pp17.6%above the sector's middle half▼ 4.1pp13.0%within the sector's middle half▼ 4.6pp14.8%above the sector's middle half▲ 1.8pp20.7%above the sector's middle half▲ 5.9pp
Staff (FTE)0.6-2▲ 233%2.8below the sector's middle half▲ 40.0%4within the sector's middle half▲ 42.9%5within the sector's middle half▲ 25.0%5.4within the sector's middle half▲ 8.0%5.3within the sector's middle half▼ 1.9%6.5within the sector's middle half▲ 22.6%
above within below The sector band is the middle half of the companies in Investigation and security activities (NACE 80). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €512,914
Fixed assets €144,036 ▲ 49.0%
Current assets €368,878 ▲ 12.9%
Equity and liabilities €512,914
Equity €390,481 ▲ 37.3%
Debt €122,433 ▼ 11.8%
Debt's share of the balance-sheet total falls from 32.8% to 23.9%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€194,796▲
2024 · €139,306
Cash flow
€151,552▲
2024 · €114,684
Debt to equity
0.31▼
2024 · 0.49
ROE
27.2%▲
2024 · 22.1%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€98,141▼
2024 · €122,177
Debt > 1 year
€13,734▲
2024 · €7,898
Income taxes
€42,171▲
2024 · €24,366
Staff costs
€402,222▲
2024 · €311,832
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Comparable companies

These companies have the same main activity as ASB SECURITY: investigation and private security services (NACE 80010). They are comparable in size and age: total assets between €443,000 and €854,000, founded between 2002 and 2010.

CompanyFoundedTotal assetsEquityGross marginTurnoverNet resultFTEFinancial year
ASB SECURITY Steenokkerzeel2010€512,914€390,481€601,735-€106,1026.52025
Professional Assistance & Security Lokeren2010€538,227€102,389€834,056-€51,83510.82025
J2M Oupeye2008€447,044€263,916€329,756-€43,4235.42025
KEY4CE SECURITY Deinze2010€803,184€597,597€633,655-€174,4254.52025
EUROPEAN ORGANISATION FOR SECURITY Brussel2007€853,919€215,800€726,084€954,411€3917.32025
ACTA SECURITY Tournai2009€443,428€206,395€902,660-€45,71712.92025
MARCOTRANS Kluisbergen2002€660,832€204,448€903,907-€72,9738.32025

They were chosen from the 351 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 34,693 companies had the same profile as ASB SECURITY has now. Two years later, 0.7% had gone bankrupt and 95.3% were still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
3.9% stopped otherwise
95.3% was still going

That fits the bankruptcy probability of ASB SECURITY itself: 0.1% within 12 months.

Test of the method

The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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% 0.9%
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%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 34,693 companies, not a prediction for ASB SECURITY. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines

Source: Annual accounts 2025 at the NBB, filed on 24-06-2026.

Balance sheet Code20242025
Assets
Total assets20/58€423,269€512,914▲
Fixed assets21/28€96,665€144,036▲
Tangible fixed assets22/27€96,665€144,036▲
Plant, machinery and equipment23€7,314€2,286▼
Furniture and vehicles24€49,913€110,125▲
Leasing and similar rights25€26,332€21,025▼
Other tangible fixed assets26€13,106€10,599▼
Current assets29/58€326,604€368,878▲
Amounts receivable within one year40/41€215,649€284,804▲
Trade receivables40€195,402€269,322▲
Other amounts receivable41€20,246€15,482▼
Cash at bank and in hand54/58€98,718€67,847▼
Deferred charges and accrued income490/1€12,237€16,228▲
Equity and liabilities
Total equity and liabilities10/49€423,269€512,914▲
Equity10/15€284,379€390,481▲
Contributions10/11€18,600€18,600=
Reserves13€1,860€1,860=
Non-distributable reserves130/1€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860=
Profit (loss) carried forward14€263,919€370,021▲
Amounts payable17/49€138,889€122,433▼
Amounts payable after more than one year17€7,898€13,734▲
Financial debts170/4€7,898€13,734▲
Amounts payable within one year42/48€122,177€98,141▼
Current portion of amounts payable after more than one year42€21,181€7,555▼
Trade debts44€21,658€35,747▲
Suppliers440/4€21,658€35,747▲
Taxes, remuneration and social security45€39,324€54,838▲
Taxes450/3€7,040€13,511▲
Remuneration and social security454/9€32,284€41,327▲
Other amounts payable47/48€40,014-
Accrued charges and deferred income492/3€8,814€10,559▲
Income statement Code20242025
Remuneration, social security and pensions62€311,832€402,222▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€51,975€45,450▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4--€11,220
Other operating charges640/8€2,180€15,937▲
Gross operating margin9900€453,318€601,735▲
Operating profit (loss)9901€87,331€149,346▲
Financial income75/76B€797€91▼
Recurring financial income75€797€91▼
Financial charges65/66B€1,052€1,163▲
Recurring financial charges65€1,052€1,163▲
Profit (loss) for the period before taxes9903€87,075€148,273▲
Income taxes67/77€24,366€42,171▲
Profit (loss) for the period9904€62,709€106,102▲
Profit (loss) for the period to be appropriated9905€62,709€106,102▲
Appropriation of the result
Profit (loss) to be appropriated9906€303,919€370,021▲
Profit (loss) brought forward from the previous period14P€241,210€263,919▲
Profit to be distributed694/7€40,000-
Return on contributions (dividend)694€40,000-
Social balance sheet
Average headcount (FTE)90875.36.5▲

The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line20182019202020212022202320242025Change
Remuneration, social security and pensions62---€186,423€243,720€278,504€311,832€402,222▲ 29.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11,326€13,592€26,872€43,246€50,344€48,384€51,975€45,450▼ 12.6%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-----€39,199--€11,220-
Other operating charges640/8---€1,396€1,793€1,852€2,180€15,937▲ 631%
Gross operating margin9900€53,951€221,008€231,594€360,823€413,965€448,948€453,318€601,735▲ 32.7%
Operating profit (loss)9901€25,892€120,779€89,139€129,758€118,108€81,010€87,331€149,346▲ 71.0%
Financial income75/76B---€1€0-€797€91▼ 88.6%
Recurring financial income75€1€100€3€1€0-€797€91▼ 88.6%
Financial charges65/66B---€2,041€1,892€1,400€1,052€1,163▲ 10.6%
Recurring financial charges65€525€1,248€2,104€2,041€1,892€1,400€1,052€1,163▲ 10.6%
Profit (loss) for the period before taxes9903€25,368€119,632€87,037€127,718€116,217€79,609€87,075€148,273▲ 70.3%
Income taxes67/77€1,674€38,533€18,822€33,263€32,359€22,324€24,366€42,171▲ 73.1%
Profit (loss) for the period9904€23,694€81,099€68,216€94,455€83,858€57,285€62,709€106,102▲ 69.2%
Profit (loss) for the period to be appropriated9905€23,694€81,099€68,216€94,455€83,858€57,285€62,709€106,102▲ 69.2%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€110,242€205,464€386,661€434,539€476,677€440,956€423,269€512,914▲ 21.2%
Fixed assets21/28€33,631€37,910€161,757€138,788€126,628€127,035€96,665€144,036▲ 49.0%
Intangible fixed assets21€248--------
Tangible fixed assets22/27€33,383€37,910€161,757€138,788€126,628€127,035€96,665€144,036▲ 49.0%
Plant, machinery and equipment23---€20,127€18,169€14,326€7,314€2,286▼ 68.7%
Furniture and vehicles24---€6,855-€38,664€49,913€110,125▲ 121%
Leasing and similar rights25---€94,976€93,573€58,430€26,332€21,025▼ 20.2%
Other tangible fixed assets26---€16,829€14,886€15,614€13,106€10,599▼ 19.1%
Current assets29/58€76,611€167,554€224,904€295,751€350,048€313,921€326,604€368,878▲ 12.9%
Amounts receivable within one year40/41€48,986€146,940€151,107€117,164€127,809€155,405€215,649€284,804▲ 32.1%
Trade receivables40---€99,351€112,112€123,843€195,402€269,322▲ 37.8%
Other amounts receivable41---€17,813€15,697€31,562€20,246€15,482▼ 23.5%
Cash at bank and in hand54/58€26,960€17,061€70,768€162,505€207,533€139,711€98,718€67,847▼ 31.3%
Deferred charges and accrued income490/1---€16,082€14,706€18,805€12,237€16,228▲ 32.6%
Equity and liabilities
Total equity and liabilities10/49€110,242€205,464€386,661€434,539€476,677€440,956€423,269€512,914▲ 21.2%
Equity10/15€23,958€105,057€173,272€220,527€254,385€261,670€284,379€390,481▲ 37.3%
Contributions10/11€18,600€18,600-€18,600€18,600€18,600€18,600€18,600=
Reserves13€1,860€1,860€1,860€1,860€1,860€1,860€1,860€1,860=
Non-distributable reserves130/1---€1,860€1,860€1,860€1,860€1,860=
Reserves not available under the articles1311---€1,860€1,860€1,860€1,860€1,860=
Profit (loss) carried forward14€3,498€84,597€152,812€200,067€233,925€241,210€263,919€370,021▲ 40.2%
Amounts payable17/49€86,284€100,408€213,389€214,012€222,292€179,285€138,889€122,433▼ 11.8%
Amounts payable after more than one year17€22,934€22,527€99,401€66,583€60,806€29,079€7,898€13,734▲ 73.9%
Financial debts170/4---€66,583€60,806€29,079€7,898€13,734▲ 73.9%
Amounts payable within one year42/48€63,350€77,881€111,184€140,002€153,182€143,840€122,177€98,141▼ 19.7%
Current portion of amounts payable after more than one year42---€32,818€32,938€31,727€21,181€7,555▼ 64.3%
Trade debts44€7,692€10,904€18,350€36,313€31,055€29,793€21,658€35,747▲ 65.1%
Suppliers440/4---€36,313€31,055€29,793€21,658€35,747▲ 65.1%
Taxes, remuneration and social security45---€23,511€39,189€32,319€39,324€54,838▲ 39.5%
Taxes450/3---€6,479€10,727€5,866€7,040€13,511▲ 91.9%
Remuneration and social security454/9---€17,032€28,462€26,453€32,284€41,327▲ 28.0%
Other amounts payable47/48---€47,360€50,000€50,000€40,014--
Accrued charges and deferred income492/3---€7,427€8,303€6,366€8,814€10,559▲ 19.8%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€23,694€81,099€68,216€94,455€83,858€57,285€62,709€106,102▲ 69.2%
+ Depreciation and write-downs630€11,326€13,592€26,872€43,246€50,344€48,384€51,975€45,450▼ 12.6%
Operating cash flow (approximation)€35,020€94,691€95,087€137,701€134,202€105,669€114,684€151,552▲ 32.1%
Investment in fixed assets (approximation)--€17,871-€150,719-€20,277-€38,185-€48,791-€21,605-€92,822▼ 330%
Change in cash--€9,898€53,707€91,737€45,029-€67,823-€40,992-€30,872▲ 24.7%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 15 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 24-06-2026 2026-00199994 NBB
31-12-2024 abbreviated format 25-06-2025 2025-00177778 PDF
31-12-2023 abbreviated format 25-07-2024 2024-00289359 PDF
31-12-2022 abbreviated format 26-07-2023 2023-00280334 PDF
31-12-2021 abbreviated format 29-07-2022 2022-20275471 PDF
31-12-2020 abbreviated format 27-07-2021 2021-41200008 PDF
31-12-2019 abbreviated format 19-08-2020 2020-42300236 PDF
31-12-2018 abbreviated format 26-07-2019 2019-39300437 PDF
31-12-2017 abbreviated format 26-07-2018 2018-38600318 PDF
30-06-2016 abbreviated format 04-01-2017 2017-00300060 PDF

Show all 15 filings

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