CAR SECURITY
ActiveSummary
CAR SECURITY is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €3.73M and a net result of €795k. Equity is shrinking by ~14.2% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 89% of 773 sector peers (fiscal year 2024). The company has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €3.73M
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-06-2025, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
43 d early
2023
55 d early
2022
54 d early
2021
37 d early
2020
143 d late
2019
59 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Equity
€3.73M▲ 27.1%
2023 · €2.93M
Net result
€795k▲ 1.2%
2023 · €786k
Total assets
€4.39M▲ 23.3%
2023 · €3.56M
Solvency
84.8%▲ 2.6pp
2023 · 82.3%
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€1.88M▼ 12.6%€1.93M▲ 2.5%€1.88M▼ 2.8%€2.01M▲ 7.3%€2.12M▲ 5.3%
Operating result€1.40M▼ 11.6%€1.29M▼ 8.0%€1.16M▼ 9.7%€937k▼ 19.4%€954k▲ 1.8%
Net result€1.04M▼ 7.1%€953k▼ 8.2%€891k▼ 6.5%€786k▼ 11.8%€795k▲ 1.2%
Equity€12.30M▲ 9.2%€13.25M▲ 7.7%€2.15M▼ 83.8%€2.93M▲ 36.6%€3.73M▲ 27.1%
Total assets€12.98M▲ 7.3%€13.47M▲ 3.8%€2.46M▼ 81.7%€3.56M▲ 44.7%€4.39M▲ 23.3%
Debt€680k▼ 18.8%€219k▼ 67.9%€317k▲ 45.2%€633k▲ 99.3%€667k▲ 5.4%
Working capital€12.21M▲ 9.7%€13.17M▲ 7.9%€2.10M▼ 84.1%€2.93M▲ 39.6%€3.73M▲ 27.5%
Solvency94.8%▲ 1.7pp98.4%▲ 3.6pp87.1%▼ 11.3pp82.3%▼ 4.9pp84.8%▲ 2.6pp
Staff (FTE)4.8▼ 5.9%5.7▲ 18.8%4.5▼ 21.1%5.9▲ 31.1%7.4▲ 25.4%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 2% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.39M
Fixed assets
€6k ▼ 65.1%
Current assets
€4.39M ▲ 23.7%
Equity and liabilities €4.39M
Equity
€3.73M ▲ 27.1%
Debt
€667k ▲ 5.4%
Debt's share of the balance-sheet total falls from 17.7% to 15.2%. Equity and debt are higher.
Key figures and ratios
ROE
21.3%▼
2023 · 26.8%
ROA
18.1%▼
2023 · 22.1%
Debt ≤ 1 year
€653k▲
2023 · €618k
Income taxes
€320k▲
2023 · €266k
Staff costs
€642k▲
2023 · €394k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €1.95M | €1.88M | €2.02M | €2.12M | ▲ 5.3% |
| Turnover70 | €1.88M | €1.93M | €1.88M | €2.01M | €2.12M | ▲ 5.3% |
| Other operating income74 | - | €21k | €5k | €1k | €2k | ▲ 30.6% |
| Operating charges60/66A | - | €663k | €718k | €1.08M | €1.17M | ▲ 8.4% |
| Services and other goods61 | - | €320k | €408k | €655k | €516k | ▼ 21.1% |
| Remuneration, social security and pensions62 | - | €301k | €273k | €394k | €642k | ▲ 63.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39k | €42k | €37k | €30k | €11k | ▼ 64.3% |
| Operating profit (loss)9901 | €1.40M | €1.29M | €1.16M | €937k | €954k | ▲ 1.8% |
| Financial income75/76B | - | €13k | €27k | €115k | €162k | ▲ 40.0% |
| Recurring financial income75 | €9k | €13k | €27k | €115k | €162k | ▲ 40.0% |
| Income from current assets751 | - | €13k | €27k | €115k | €162k | ▲ 40.0% |
| Financial charges65/66B | - | €1k | €624 | €758 | €768 | ▲ 1.3% |
| Recurring financial charges65 | €661 | €1k | €624 | €758 | €768 | ▲ 1.3% |
| Other financial charges652/9 | - | €1k | €624 | €758 | €768 | ▲ 1.3% |
| Profit (loss) for the period before taxes9903 | €1.41M | €1.30M | €1.19M | €1.05M | €1.11M | ▲ 6.0% |
| Income taxes67/77 | €370k | €347k | €297k | €266k | €320k | ▲ 20.2% |
| Taxes670/3 | - | €347k | €297k | €266k | €320k | ▲ 20.2% |
| Profit (loss) for the period9904 | €1.04M | €953k | €891k | €786k | €795k | ▲ 1.2% |
| Profit (loss) for the period to be appropriated9905 | €1.04M | €953k | €891k | €786k | €795k | ▲ 1.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €12.98M | €13.47M | €2.46M | €3.56M | €4.39M | ▲ 23.3% |
| Fixed assets21/28 | €96k | €84k | €47k | €17k | €6k | ▼ 65.1% |
| Intangible fixed assets21 | €91k | €81k | €45k | €15k | €6k | ▼ 63.8% |
| Tangible fixed assets22/27 | €4k | €3k | €2k | €1k | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | - | - | €0 | €0 | - |
| Furniture and vehicles24 | - | €3k | €2k | €1k | €0 | ▼ 100% |
| Financial fixed assets28 | €248 | €248 | €248 | €248 | €248 | = |
| Other financial fixed assets284/8 | - | €248 | €248 | €248 | €248 | = |
| Amounts receivable and cash guarantees285/8 | - | €248 | €248 | €248 | €248 | = |
| Current assets29/58 | €12.89M | €13.39M | €2.42M | €3.55M | €4.39M | ▲ 23.7% |
| Amounts receivable within one year40/41 | €12.88M | €13.39M | €2.41M | €3.55M | €4.39M | ▲ 23.7% |
| Trade receivables40 | - | €136k | €129k | €192k | €149k | ▼ 22.3% |
| Other amounts receivable41 | - | €13.25M | €2.28M | €3.36M | €4.24M | ▲ 26.3% |
| Cash at bank and in hand54/58 | €4 | €4 | - | - | - | - |
| Deferred charges and accrued income490/1 | - | €1k | €11k | - | €0 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €12.98M | €13.47M | €2.46M | €3.56M | €4.39M | ▲ 23.3% |
| Equity10/15 | €12.30M | €13.25M | €2.15M | €2.93M | €3.73M | ▲ 27.1% |
| Contributions10/11 | €174k | €174k | €174k | €174k | €174k | = |
| Capital10 | - | €174k | €174k | €174k | €174k | = |
| Issued capital100 | - | €174k | €174k | €174k | €174k | = |
| Reserves13 | €17k | €17k | €17k | €17k | €17k | = |
| Non-distributable reserves130/1 | - | €17k | €17k | €17k | €17k | = |
| Legal reserve130 | - | €17k | €17k | €17k | €17k | = |
| Profit (loss) carried forward14 | €12.11M | €13.06M | €1.95M | €2.74M | €3.54M | ▲ 29.0% |
| Amounts payable17/49 | €680k | €219k | €317k | €633k | €667k | ▲ 5.4% |
| Amounts payable within one year42/48 | €678k | €217k | €317k | €618k | €653k | ▲ 5.7% |
| Trade debts44 | €122k | €103k | €192k | €252k | €231k | ▼ 8.4% |
| Suppliers440/4 | - | €103k | €192k | €252k | €231k | ▼ 8.4% |
| Taxes, remuneration and social security45 | - | €114k | €125k | €366k | €422k | ▲ 15.3% |
| Taxes450/3 | - | €56k | €70k | €308k | €289k | ▼ 6.2% |
| Remuneration and social security454/9 | - | €58k | €56k | €58k | €133k | ▲ 131% |
| Accrued charges and deferred income492/3 | - | €2k | - | €15k | €14k | ▼ 6.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.04M | €953k | €891k | €786k | €795k | ▲ 1.2% |
| + Depreciation and write-downs630 | €39k | €42k | €37k | €30k | €11k | ▼ 64.3% |
| Operating cash flow (approximation) | €1.08M | €995k | €929k | €816k | €806k | ▼ 1.2% |
| Investment in fixed assets (approximation) | - | €-30k | €0 | €0 | €0 | - |
| Change in cash | - | €0 | - | - | - | - |
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
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €786k ▼11.8%
Net result drops to €786k, the lowest in the series; recovery starts the following year.
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Liquidity triplescurrent ratio 61.75
Current ratio from 19.01 to 61.75; short-term debt falls from €678k to €217k.
21-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 143 days late
2020
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 59 days late
2019
31-12
Financial
Highest result since 2018net €1.12M ▲7.3%
Operating result €1.58M, net result €1.12M, both a record.
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
20-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 28 acts read
About the unread acts
We know of 28 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
28 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, Zaventem · 1 establishment unit since 1997
Ground area
6,388 m²
Building footprint
1,911 m²
Volume, LiDAR
29,279 m³
Parcel 23078A0295/00G000, Flanders · tallest building 19.1 m, ±5 floors. Linked by address, not a title deed.
26
companies at this address
See who is registered here
1 establishment unit
TOYOTA VERZEKERINGEN
since 19972.084.534.156
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23078A0295/00G000 | Flanders | 6,388 m² | 1 · 1,911 m² | 19.1 m · 5 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.
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Of 4,673 companies in sector 66220 we hold annual accounts for 3,219. 1,092 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded11-12-1997
Fiscal year end31-12
Activities, NACEBEL 2025
66220Insurance agents and brokers
Scores and ratios are computed by Checked and are not a credit decision.