BELCIS
ActiveSummary
BELCIS has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €103,473 and a net result of €703. Equity is growing by ~10.4% per year across the filed fiscal years. Its solvency ranks better than 81% of 95 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability34▼-62
Solvency100▲+9
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity short (current ratio 0.94 against 1.19 in 2024; short-term debt: 21.1% and cash: 3.3% of total assets), and 23% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
77%
Return on assets
0.5%
Age of the figures
9 mo
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 →
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
29 d early
2023
27 d early
2022
53 d early
2021
59 d early
2020
51 d early
2019
57 d early
← 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 44 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. Usually files around 30 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€103,473▼ 14.5%
2024 · €121,090
Total assets
€134,351▼ 27.1%
2024 · €184,346
Net result
€703▼ 98.3%
2024 · €40,294
Working capital
-€1,594
2024 · €11,724
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
Operating result€16,314▼ 49.5%€32,840▲ 101%€19,264▼ 41.3%€66,753▲ 247%€12,004▼ 82.0%
Net result€6,968within the sector's middle half▼ 64.0%€22,410within the sector's middle half▲ 222%€10,091within the sector's middle half▼ 55.0%€40,294within the sector's middle half▲ 299%€703within the sector's middle half▼ 98.3%
Equity€90,713within the sector's middle half▲ 8.3%€113,123within the sector's middle half▲ 24.7%€123,215within the sector's middle half▲ 8.9%€121,090within the sector's middle half▼ 1.7%€103,473within the sector's middle half▼ 14.5%
Total assets€127,470below the sector's middle half▲ 1.0%€165,704below the sector's middle half▲ 30.0%€179,986below the sector's middle half▲ 8.6%€184,346below the sector's middle half▲ 2.4%€134,351below the sector's middle half▼ 27.1%
Debt€36,757▼ 13.5%€52,581▲ 43.1%€56,771▲ 8.0%€63,257▲ 11.4%€30,878▼ 51.2%
Working capital-€10,906below the sector's middle half▲ 29.1%€14,124below the sector's middle half€9,792below the sector's middle half▼ 30.7%€11,724below the sector's middle half▲ 19.7%-€1,594within the sector's middle half
Solvency71.2%above the sector's middle half▲ 4.8pp68.3%above the sector's middle half▼ 2.9pp68.5%above the sector's middle half▲ 0.2pp65.7%within the sector's middle half▼ 2.8pp77.0%above the sector's middle half▲ 11.3pp
Current ratio0.68below the sector's middle half▲ 0.041.30within the sector's middle half▲ 0.621.17within the sector's middle half▼ 0.121.19within the sector's middle half▲ 0.010.94below the sector's middle half▼ 0.24
Return on assets (ROA)5.5%within the sector's middle half▼ 9.9pp13.5%above the sector's middle half▲ 8.1pp5.6%within the sector's middle half▼ 7.9pp21.9%above the sector's middle half▲ 16.3pp0.5%within the sector's middle half▼ 21.3pp
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 abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 82% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €134,351
Fixed assets
€107,567 ▼ 1.6%
Current assets
€26,784 ▼ 64.3%
Equity and liabilities €134,351
Equity
€103,473 ▼ 14.5%
Debt
€30,878 ▼ 51.2%
Debt's share of the balance-sheet total falls from 34.3% to 23.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€16,663▼
2024 · €71,760
Cash flow
€5,362▼
2024 · €45,300
Debt to equity
0.30▼
2024 · 0.52
ROE
0.7%▼
2024 · 33.3%
Interest coverage
1.74▼
2024 · 12.51
Debt ≤ 1 year
€28,378▼
2024 · €63,257
Income taxes
€1,704▼
2024 · €20,726
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €2,000 | - | €388 | - | €30,000 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,308 | €4,928 | €4,571 | €5,007 | €4,659 | ▼ 6.9% |
| Other operating charges640/8 | €512 | €819 | €622 | €529 | €431 | ▼ 18.5% |
| Non-recurring operating charges66A | - | - | €2,092 | - | - | - |
| Gross operating margin9900 | €24,134 | €38,587 | €26,548 | €72,288 | €17,094 | ▼ 76.4% |
| Operating profit (loss)9901 | €16,314 | €32,840 | €19,264 | €66,753 | €12,004 | ▼ 82.0% |
| Financial income75/76B | €0 | €10,000 | - | - | - | - |
| Recurring financial income75 | €0 | €10,000 | - | - | - | - |
| Financial charges65/66B | €5,739 | €4,394 | €4,055 | €5,734 | €9,597 | ▲ 67.4% |
| Recurring financial charges65 | €5,739 | €4,394 | €4,055 | €5,734 | €9,597 | ▲ 67.4% |
| Profit (loss) for the period before taxes9903 | €10,575 | €38,446 | €15,208 | €61,019 | €2,407 | ▼ 96.1% |
| Income taxes67/77 | €3,608 | €16,036 | €5,117 | €20,726 | €1,704 | ▼ 91.8% |
| Profit (loss) for the period9904 | €6,968 | €22,410 | €10,091 | €40,294 | €703 | ▼ 98.3% |
| Profit (loss) for the period to be appropriated9905 | €6,968 | €22,410 | €10,091 | €40,294 | €703 | ▼ 98.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €127,470 | €165,704 | €179,986 | €184,346 | €134,351 | ▼ 27.1% |
| Fixed assets21/28 | €104,195 | €104,077 | €113,422 | €109,365 | €107,567 | ▼ 1.6% |
| Tangible fixed assets22/27 | €14,400 | €14,281 | €11,232 | €7,175 | €5,377 | ▼ 25.1% |
| Furniture and vehicles24 | €12,835 | €12,246 | €9,844 | €6,434 | €5,081 | ▼ 21.0% |
| Other tangible fixed assets26 | €1,565 | €2,035 | €1,388 | €741 | €296 | ▼ 60.0% |
| Financial fixed assets28 | €89,796 | €89,796 | €102,190 | €102,190 | €102,190 | = |
| Current assets29/58 | €23,274 | €61,627 | €66,563 | €74,981 | €26,784 | ▼ 64.3% |
| Amounts receivable within one year40/41 | €16,874 | €43,760 | €48,151 | €48,897 | €19,379 | ▼ 60.4% |
| Trade receivables40 | €10,261 | €31,039 | €34,547 | €42,176 | €2,362 | ▼ 94.4% |
| Other amounts receivable41 | €6,613 | €12,721 | €13,604 | €6,721 | €17,017 | ▲ 153% |
| Cash at bank and in hand54/58 | €3,282 | €17,043 | €16,375 | €23,742 | €4,415 | ▼ 81.4% |
| Deferred charges and accrued income490/1 | €3,119 | €825 | €2,037 | €2,342 | €2,990 | ▲ 27.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €127,470 | €165,704 | €179,986 | €184,346 | €134,351 | ▼ 27.1% |
| Equity10/15 | €90,713 | €113,123 | €123,215 | €121,090 | €103,473 | ▼ 14.5% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €72,113 | €94,523 | €104,615 | €102,490 | €84,873 | ▼ 17.2% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Tax-exempt reserves132 | €9,516 | €9,516 | €9,516 | €9,516 | €9,516 | = |
| Distributable reserves133 | €60,738 | €83,147 | €95,099 | €92,974 | €75,357 | ▼ 18.9% |
| Amounts payable17/49 | €36,757 | €52,581 | €56,771 | €63,257 | €30,878 | ▼ 51.2% |
| Amounts payable after more than one year17 | €2,576 | €2,578 | - | - | - | - |
| Financial debts170/4 | €2,576 | €2,578 | - | - | - | - |
| Amounts payable within one year42/48 | €34,181 | €47,503 | €56,771 | €63,257 | €28,378 | ▼ 55.1% |
| Current portion of amounts payable after more than one year42 | €4,370 | €5,278 | €2,578 | - | - | - |
| Financial debts43 | €8,754 | - | €12,000 | - | €4,000 | - |
| Credit institutions430/8 | €1,254 | - | - | - | - | - |
| Other loans439 | €7,500 | - | €12,000 | - | €4,000 | - |
| Trade debts44 | €5,805 | €22,838 | €17,972 | €14,890 | €4,242 | ▼ 71.5% |
| Suppliers440/4 | €5,805 | €22,838 | €17,972 | €14,890 | €4,242 | ▼ 71.5% |
| Taxes, remuneration and social security45 | €12,304 | €16,609 | €6,119 | €14,704 | €10,994 | ▼ 25.2% |
| Taxes450/3 | €9,940 | €16,609 | €6,119 | €14,704 | €10,994 | ▼ 25.2% |
| Remuneration and social security454/9 | €2,363 | - | - | - | - | - |
| Other amounts payable47/48 | €2,947 | €2,778 | €18,102 | €33,662 | €9,142 | ▼ 72.8% |
| Accrued charges and deferred income492/3 | - | €2,500 | - | - | €2,500 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,968 | €22,410 | €10,091 | €40,294 | €703 | ▼ 98.3% |
| + Depreciation and write-downs630 | €7,308 | €4,928 | €4,571 | €5,007 | €4,659 | ▼ 6.9% |
| Operating cash flow (approximation) | €14,276 | €27,338 | €14,662 | €45,300 | €5,362 | ▼ 88.2% |
| Investment in fixed assets (approximation) | - | -€4,810 | -€13,916 | -€950 | -€2,861 | ▼ 201% |
| Change in cash | - | €13,761 | -€667 | €7,367 | -€19,327 | ▼ 362% |
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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €703 ▼98.3%
Net result drops to €703, the lowest in the series.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €40,294 ▲299%
Operating result €66,753, net result €40,294, both a record.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €100,000Eq €113,123 ▲24.7%
5 profitable years in a row build equity to €113,123.
02-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
04-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
07-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
08-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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.
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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, Wingene · 1 establishment unit since 2003
Ground area
972 m²
Building footprint
536 m²
Volume, LiDAR
2,360 m³
Parcel 37012E0102/00E003, Flanders · tallest building 5.3 m, ±1 floor. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Oude Tieltstraat 35, 8755 Wingene
since 20032.128.730.326
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37012E0102/00E003 | Flanders | 972 m² | 1 · 536 m² | 5.3 m · 1 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 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2025 annual accounts of BELCIS 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.
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Of 700 companies in sector 80010 we hold annual accounts for 349. 264 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
Founded27-03-1980
Fiscal year end31-12
Activities, NACEBEL 2025
80010Investigation and private security services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0420447587
Also
9925:BE0420447587
Registered
20-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.