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AV SECURITY

Active
Private limited companyfounded 201411 yrs activeChaussée de Marche(NN) 347, 5100 Namur, BelgiumKBO/BCE: BE 0567.520.373
Summary

AV SECURITY has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €86,266 and a net result of €24,996. Equity is growing by ~10.8% per year across the filed fiscal years. Its solvency ranks better than 73% of 28184 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability93▲+18
Solvency93▲+12
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 3.31 against 2.5 in 2024; short-term debt: 26.5% and cash: 37.3% of total assets), and 31.7% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
68.3%
Return on assets
19.8%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 11 years 0 20 y
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
30 d late
2024
32 d early
2023
29 d late
2022
23 d late
2021
6 d early
2020
18 d late
2019
76 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 20 days after the deadline; the sector median for financial year 2024 is 1 day 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.
Companies Code · seven months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
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

On 3 November 2014, AV SECURITY was incorporated.1 Total assets went from EUR 99,431 in 2018 to EUR 126,328 in 2025 and headcount from 0.3 full-time equivalents in 2021 to 1 in 2023.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018, 2021, 2023 and 2025

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Financials · fiscal year 2025, micro schema

Source amounts without an identifiable currency are assumed to be EUR.

Equity
€86,266▲ 40.8%
2024 · €61,270
Total assets
€126,328▲ 16.3%
2024 · €108,613
Net result
€24,996▲ 164%
2024 · €9,467
Working capital
€77,153▲ 48.8%
2024 · €51,860
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Operating result-€4,739-€2,515▲ 46.9%€28,905€18,260▼ 36.8%€42,120▲ 131%
Net result-€1,840below the sector's middle half-€5,618below the sector's middle half▼ 205%€21,365within the sector's middle half€9,467within the sector's middle half▼ 55.7%€24,996within the sector's middle half▲ 164%
Equity€43,674within the sector's middle half▼ 4.0%€38,056within the sector's middle half▼ 12.9%€51,803within the sector's middle half▲ 36.1%€61,270within the sector's middle half▲ 18.3%€86,266within the sector's middle half▲ 40.8%
Total assets€78,593within the sector's middle half▲ 6.1%€85,990within the sector's middle half▲ 9.4%€115,686within the sector's middle half▲ 34.5%€108,613within the sector's middle half▼ 6.1%€126,328within the sector's middle half▲ 16.3%
Debt€34,919▲ 22.4%€47,934▲ 37.3%€63,882▲ 33.3%€47,343▼ 25.9%€40,062▼ 15.4%
Working capital€36,372▼ 7.1%€30,306▼ 16.7%€41,026▲ 35.4%€51,860▲ 26.4%€77,153▲ 48.8%
Solvency55.6%within the sector's middle half▼ 5.9pp44.3%within the sector's middle half▼ 11.3pp44.8%within the sector's middle half▲ 0.5pp56.4%within the sector's middle half▲ 11.6pp68.3%within the sector's middle half▲ 11.9pp
Staff (FTE)0.31▲ 233%1=
above within below the middle half (P25 to P75) of NACE 43, Specialised construction 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
-€20,000€0€20,000€40,000Operating result 2021: -€4,739-€4,739Net result 2021: -€1,840-€1,840Operating result 2022: -€2,515-€2,515Net result 2022: -€5,618-€5,618Operating result 2023: €28,905€28,905Net result 2023: €21,365€21,365Operating result 2024: €18,260€18,260Net result 2024: €9,467€9,467Operating result 2025: €42,120€42,120Net result 2025: €24,996€24,99620212022202320242025€0€20,000€40,000Operating result 2023: €28,905€28,900Net result 2023: €21,365€21,400Operating result 2024: €18,260€18,300Net result 2024: €9,467€9,470Operating result 2025: €42,120€42,100Net result 2025: €24,996€25,000202320242025
The operating result recovers in 2025; 2025 is 131% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €126,328
Fixed assets €15,712 ▼ 29.2%
Current assets €110,616 ▲ 28.0%
Equity and liabilities €126,328
Equity €86,266 ▲ 40.8%
Debt €40,062 ▼ 15.4%
Debt's share of the balance-sheet total falls from 43.6% to 31.7%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€50,712▲
2024 · €27,722
Cash flow
€33,588▲
2024 · €18,930
Current ratio
3.31▲
2024 · 2.50
Quick ratio
2.85▲
2024 · 2.06
Debt to equity
0.46▼
2024 · 0.77
ROE
29.0%▲
2024 · 15.5%
ROA
19.8%▲
2024 · 8.7%
Interest coverage
9.46▲
2024 · 5.43
Debt ≤ 1 year
€33,463▼
2024 · €34,547
Debt > 1 year
€6,599▼
2024 · €12,796
Income taxes
€11,974▲
2024 · €3,687
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.6% went bankrupt
3.9% stopped otherwise
95% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

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 34,672 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 accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet Code20242025
Assets
Total assets20/58€108,613€126,328▲
Fixed assets21/28€22,206€15,712▼
Tangible fixed assets22/27€22,156€15,662▼
Plant, machinery and equipment23€2,148€795▼
Furniture and vehicles24€20,007€14,867▼
Financial fixed assets28€50€50=
Current assets29/58€86,408€110,616▲
Stocks and contracts in progress3€15,257€15,257=
Stocks30/36€15,257€15,257=
Amounts receivable within one year40/41€54,613€47,480▼
Trade receivables40€26,494€16,666▼
Other amounts receivable41€28,119€30,813▲
Cash at bank and in hand54/58€16,397€47,138▲
Deferred charges and accrued income490/1€141€741▲
Equity and liabilities
Total equity and liabilities10/49€108,613€126,328▲
Equity10/15€61,270€86,266▲
Contributions10/11€6,200€6,200=
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€53,210€78,206▲
Amounts payable17/49€47,343€40,062▼
Amounts payable after more than one year17€12,796€6,599▼
Financial debts170/4€12,796€6,599▼
Amounts payable within one year42/48€34,547€33,463▼
Current portion of amounts payable after more than one year42€9,819€9,682▼
Trade debts44€22,707€12,195▼
Suppliers440/4€22,707€12,195▼
Taxes, remuneration and social security45€1,217€7,387▲
Taxes450/3€1,217€7,387▲
Other amounts payable47/48€805€4,198▲
Income statement Code20242025
Remuneration, social security and pensions62€2,718-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,463€8,592▼
Other operating charges640/8€3,868€824▼
Gross operating margin9900€34,308€51,536▲
Operating profit (loss)9901€18,260€42,120▲
Financial income75/76B-€213
Recurring financial income75-€213
Financial charges65/66B€5,106€5,362▲
Recurring financial charges65€5,106€5,362▲
Profit (loss) for the period before taxes9903€13,154€36,970▲
Income taxes67/77€3,687€11,974▲
Profit (loss) for the period9904€9,467€24,996▲
Profit (loss) for the period to be appropriated9905€9,467€24,996▲
Appropriation of the result
Profit (loss) to be appropriated9906€53,210€78,206▲
Profit (loss) brought forward from the previous period14P€43,743€53,210▲

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Remuneration, social security and pensions62€5,040€27,325€24,241€2,718--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,422€3,679€5,313€9,463€8,592▼ 9.2%
Other operating charges640/8€799€1,304€631€3,868€824▼ 78.7%
Gross operating margin9900€4,523€29,793€59,091€34,308€51,536▲ 50.2%
Operating profit (loss)9901-€4,739-€2,515€28,905€18,260€42,120▲ 131%
Financial income75/76B€24€262€273-€213-
Recurring financial income75€24€262€273-€213-
Financial charges65/66B€2,925€2,752€1,872€5,106€5,362▲ 5.0%
Recurring financial charges65€2,925€2,752€1,872€5,106€5,362▲ 5.0%
Profit (loss) for the period before taxes9903-€7,640-€5,006€27,306€13,154€36,970▲ 181%
Income taxes67/77-€5,800€612€5,941€3,687€11,974▲ 225%
Profit (loss) for the period9904-€1,840-€5,618€21,365€9,467€24,996▲ 164%
Profit (loss) for the period to be appropriated9905-€1,840-€5,618€21,365€9,467€24,996▲ 164%
Line20212022202320242025Change
Assets
Total assets20/58€78,593€85,990€115,686€108,613€126,328▲ 16.3%
Fixed assets21/28€8,037€9,183€29,392€22,206€15,712▼ 29.2%
Intangible fixed assets21€7,739€4,739€1,739---
Tangible fixed assets22/27€248€4,394€27,603€22,156€15,662▼ 29.3%
Plant, machinery and equipment23€248€0-€2,148€795▼ 63.0%
Furniture and vehicles24€0€4,394€27,603€20,007€14,867▼ 25.7%
Financial fixed assets28€50€50€50€50€50=
Current assets29/58€70,556€76,808€86,294€86,408€110,616▲ 28.0%
Stocks and contracts in progress3€15,257€15,257€15,257€15,257€15,257=
Stocks30/36€15,257€15,257€15,257€15,257€15,257=
Amounts receivable within one year40/41€37,909€50,663€40,870€54,613€47,480▼ 13.1%
Trade receivables40€27,169€27,088€30,452€26,494€16,666▼ 37.1%
Other amounts receivable41€10,740€23,574€10,418€28,119€30,813▲ 9.6%
Cash at bank and in hand54/58€17,012€8,656€27,749€16,397€47,138▲ 187%
Deferred charges and accrued income490/1€378€2,232€2,417€141€741▲ 427%
Equity and liabilities
Total equity and liabilities10/49€78,593€85,990€115,686€108,613€126,328▲ 16.3%
Equity10/15€43,674€38,056€51,803€61,270€86,266▲ 40.8%
Contributions10/11€6,200€6,200€6,200€6,200€6,200=
Reserves13€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€35,614€29,996€43,743€53,210€78,206▲ 47.0%
Amounts payable17/49€34,919€47,934€63,882€47,343€40,062▼ 15.4%
Amounts payable after more than one year17€735€1,433€18,615€12,796€6,599▼ 48.4%
Financial debts170/4€735€1,433€18,615€12,796€6,599▼ 48.4%
Amounts payable within one year42/48€34,184€46,502€45,268€34,547€33,463▼ 3.1%
Current portion of amounts payable after more than one year42€8,367€7,142€10,897€9,819€9,682▼ 1.4%
Trade debts44€14,923€32,108€28,109€22,707€12,195▼ 46.3%
Suppliers440/4€14,923€32,108€28,109€22,707€12,195▼ 46.3%
Taxes, remuneration and social security45€5,738€7,156€6,262€1,217€7,387▲ 507%
Taxes450/3€3,648€3,612€3,042€1,217€7,387▲ 507%
Remuneration and social security454/9€2,090€3,544€3,219---
Other amounts payable47/48€5,156€95-€805€4,198▲ 422%
Line20212022202320242025Change
Profit (loss) for the period9904-€1,840-€5,618€21,365€9,467€24,996▲ 164%
+ Depreciation and write-downs630€3,422€3,679€5,313€9,463€8,592▼ 9.2%
Operating cash flow (approximation)€1,582-€1,939€26,679€18,930€33,588▲ 77.4%
Investment in fixed assets (approximation)--€4,825-€25,522-€2,276-€2,098▲ 7.8%
Change in cash--€8,356€19,094-€11,352€30,741▲ 371%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
30-08
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
29-06
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
29-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial Back to profitnet €21,365
Net result €21,365 after 2 loss-making years.
23-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
25-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
18-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
2020
31-12
Financial Back to profitnet €14,743
Net result €14,743 after one loss-making year.
15-10
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 76 days late
2019
31-12
Financial Weakest financial yearnet -€19,802
Net result drops to -€19,802, the lowest in the series; recovery starts the following year.
30-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
24-07
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
25-07
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 3 acts read
About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
3 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, Namur · 1 establishment unit since 2014
seat establishment The establishment unit on the map
Ground area
152 m²
Building footprint
46 m²
Volume, LiDAR
366 m³
Parcel 92067A0576/00D000, Wallonia · tallest building 8.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
AV SECURITY
Chaussée de Marche(NN) 347, 5100 NamurConstruction of utility projects for electricity and telecommunications
since 20142.236.172.672
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
92067A0576/00D000 Wallonia 152 m² 1 · 46 m² 8.6 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.

Structure & network

Owners and holdings

1 owner · 1 holding

Chain of control

  1. ALERTESHOP 100%
  2. AV SECURITY

Highest known parent: ALERTESHOP. The sources do not say who stands above it.

Owners 1

Holdings 1

According to the 2025 annual accounts of AV 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

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 22,831 companies in sector 43211 we hold annual accounts for 10,329. 8,812 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
Founded03-11-2014
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
43214Specialised construction activities
42220Construction of utility projects for electricity and telecommunications
47525Retail trade
47529Retail trade
71121Engineering and related technical consultancy, excluding land surveyors
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.