DAVE SECURITY
ActiveDAVE SECURITY has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €85k and a net result of €18k. Equity is growing by ~21.6% per year across the filed fiscal years. Its solvency ranks better than 28% of 27319 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
91
/ 100
Excellent▲ +10 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+36
Solvency63▲+8
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 2.11 against 2.7 in 2024), but 73.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
26.8%
Return on assets
5.6%
Age of the figures
14 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
22 d early
2023
22 d early
2022
7 d early
2021
19 d early
2020
1 d early
2019
1 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close12-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€85k▲ 24.7%
2024 · €68k
2019: €26k
2020: €26k
2021: €48k
2022: €53k
2023: €60k
2024: €68k
2019 → 2025
Total assets
€318k▲ 6.6%
2024 · €299k
2019: €364k
2020: €319k
2021: €367k
2022: €344k
2023: €290k
2024: €299k
2019 → 2025
Net result
€18k▲ 102%
2024 · €9k
2019: €11k
2020: €1k
2021: €22k
2022: €6k
2023: €8k
2024: €9k
2019 → 2025
Working capital
€88k▼ 8.4%
2024 · €96k
2019: €92k
2020: €99k
2021: €128k
2022: €98k
2023: €80k
2024: €96k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€48k-€53k▲ 11.3%€60k▲ 13.9%€68k▲ 13.3%€85k▲ 24.7%
Operating result€29k-€11k▼ 63.8%€15k▲ 39.8%€18k▲ 17.8%€36k▲ 107%
Net result€22k-€6k▼ 72.4%€8k▲ 33.0%€9k▲ 7.8%€18k▲ 102%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 107% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €318k
Fixed assets
€151k▲ 3.3%
Current assets
€167k▲ 9.6%
Equity and liabilities €318k
Equity
€85k▲ 24.7%
Debt
€233k▲ 1.2%
The debt ratio falls from 77.1% to 73.2%: equity grows faster than debt.
Key figures and ratios
EBITDA
€72k▲
2024 · €50k
Cash flow
€54k▲
2024 · €42k
Solvency
26.8%▲
2024 · 22.9%
Current ratio
2.11▼
2024 · 2.70
Quick ratio
1.31▼
2024 · 1.77
Debt / equity
2.73▼
2024 · 3.36
ROE
20.8%▲
2024 · 12.8%
ROA
5.6%▲
2024 · 2.9%
Interest coverage
7.32▼
2024 · 9.07
Debt
€233k▲
2024 · €230k
Debt ≤ 1 year
€79k▲
2024 · €57k
Debt > 1 year
€150k▼
2024 · €171k
Income taxes
€9k▲
2024 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€299k€318k▲
Fixed assets21/28€146k€151k▲
Tangible fixed assets22/27€146k€151k▲
Land and buildings22€28k€25k▼
Plant, machinery and equipment23€19k€14k▼
Furniture and vehicles24€18k€46k▲
Leasing and similar rights25€13k€5k▼
Other tangible fixed assets26€68k€61k▼
Current assets29/58€153k€167k▲
Stocks and contracts in progress3€52k€63k▲
Stocks30/36€49k€29k▼
Contracts in progress37€3k€34k▲
Amounts receivable within one year40/41€83k€68k▼
Trade receivables40€76k€64k▼
Other amounts receivable41€7k€4k▼
Cash at bank and in hand54/58€16k€33k▲
Deferred charges and accrued income490/1€1k€4k▲
Equity and liabilities
Total equity and liabilities10/49€299k€318k▲
Equity10/15€68k€85k▲
Contributions10/11€19k€19k=
Reserves13€50k€67k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€48k€65k▲
Profit (loss) carried forward14€3€4▲
Amounts payable17/49€230k€233k▲
Amounts payable after more than one year17€171k€150k▼
Financial debts170/4€144k€123k▼
Other amounts payable178/9€27k€27k=
Amounts payable within one year42/48€57k€79k▲
Current portion of amounts payable after more than one year42€21k€22k▲
Trade debts44€21k€20k▼
Suppliers440/4€21k€20k▼
Taxes, remuneration and social security45€5k€8k▲
Taxes450/3€5k€8k▲
Other amounts payable47/48€10k€29k▲
Accrued charges and deferred income492/3€3k€3k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€36k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€22k
Other operating charges640/8€2k€6k▲
Gross operating margin9900€53k€101k▲
Operating profit (loss)9901€18k€36k▲
Financial income75/76B€615€522▼
Recurring financial income75€615€522▼
Financial charges65/66B€6k€10k▲
Recurring financial charges65€6k€10k▲
Profit (loss) for the period before taxes9903€13k€27k▲
Income taxes67/77€4k€9k▲
Profit (loss) for the period9904€9k€18k▲
Profit (loss) for the period to be appropriated9905€9k€18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€9k€18k▲
Profit (loss) brought forward from the previous period14P€2€3▲
Transfer to equity691/2€8k€17k▲
To other reserves6921€8k€17k▲
Profit to be distributed694/7€750€800▲
Return on contributions (dividend)694€750€800▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
09-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
09-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
24-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
12-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Highest result since 2019net €22k ▲1490%
Net result €22k, the highest in the series.
30-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-06
Financial
Weakest financial yearnet €1k ▼87.8%
Net result drops to €1k, the lowest in the series; recovery starts the following year.
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
11-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
16-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-01
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.
Directors · office · real estate
Directors
1 act for this company is 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, Tielt · 1 establishment unit since 2009
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Krinkelstraat 38760 TieltGround area
2,551 m²
Building footprint
207 m²
Parcel 37007A0121/00F000, Flanders · tallest building 0.1 m. Linked by address, not a title deed.
1 establishment unit
Dave Security
since 20092.182.447.144
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37007A0121/00F000 | Flanders | 2,551 m² | 1 · 207 m² | 0.1 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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E.M.A SYSTEM
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Of 22,728 companies in sector 43211 we hold annual accounts for 10,269. 8,768 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded30-10-2009
Fiscal year end30-06
Activities, NACEBEL
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.