DC SECURITY
ActiveSummary
DC SECURITY has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €845,804 and a net result of €83,226. Equity is growing by ~20.5% per year across the filed fiscal years. Its solvency ranks better than 46% of 7452 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability50▼-20
Solvency65▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity ample (current ratio 2.11 against 1.8 in 2023; short-term debt: 14% and cash: 2.9% of total assets), but 59.6% of the assets are financed with debt.
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Signals
Three 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 · 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
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 16-06-2025, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
45 d early
2023
50 d early
2022
49 d early
2021
34 d early
2020
51 d early
2019
30 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 43 days before 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 (1)
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#10 employer in Aarschot, Construction sector#10 company by total assets in Aarschot, Construction sector
Equity
€845,804▲ 10.9%
2023 · €762,578
Total assets
€2.1m▲ 3.6%
2023 · €2.0m
Net result
€83,226▼ 53.3%
2023 · €178,252
Working capital
€324,479▲ 33.5%
2023 · €243,040
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
Operating result€28,406▼ 75.1%€149,831▲ 427%€231,761▲ 54.7%€307,308▲ 32.6%€176,441▼ 42.6%
Net result€13,145▼ 83.0%€92,975▲ 607%€145,345▲ 56.3%€178,252▲ 22.6%€83,226▼ 53.3%
Equity€346,006▲ 3.9%€438,981▲ 26.9%€584,326▲ 33.1%€762,578▲ 30.5%€845,804▲ 10.9%
Total assets€1.6m▲ 256%€1.5m▼ 6.2%€1.9m▲ 31.0%€2.0m▲ 5.9%€2.1m▲ 3.6%
Debt€1.2m▲ 1,078%€1.0m▼ 15.7%€1.3m▲ 30.1%€1.3m▼ 5.0%€1.2m▼ 0.8%
Working capital€135,854▼ 50.0%€13,480▼ 90.1%€213,473▲ 1,484%€243,040▲ 13.9%€324,479▲ 33.5%
Staff (FTE)6▼ 10.4%6.5▲ 8.3%6.8▲ 4.6%7.3▲ 7.4%9.5▲ 30.1%
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 2024; 2024 is 43% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.1m
Fixed assets
€1.5m ▲ 0.2%
Current assets
€618,024 ▲ 12.8%
Equity and liabilities €2.1m
Equity
€845,804 ▲ 10.9%
Debt
€1.2m ▼ 0.8%
Debt's share of the balance-sheet total falls from 62.2% to 59.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€210,481▼
2023 · €339,698
Cash flow
€117,267▼
2023 · €210,643
Current ratio
2.11▲
2023 · 1.80
Quick ratio
1.76▲
2023 · 1.46
Debt to equity
1.47▼
2023 · 1.65
ROE
9.8%▼
2023 · 23.4%
ROA
4.0%▼
2023 · 8.8%
Interest coverage
3.15▼
2023 · 4.87
Debt ≤ 1 year
€293,545▼
2023 · €304,772
Debt > 1 year
€921,600=
2023 · €921,600
Income taxes
€31,948▼
2023 · €61,870
Staff costs
€624,516▲
2023 · €494,267
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €405,050 | €421,468 | €494,267 | €624,516 | ▲ 26.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26,290 | €34,865 | €32,807 | €32,391 | €34,041 | ▲ 5.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€4,061 | -€1,111 | €760 | €3,672 | ▲ 383% |
| Other operating charges640/8 | - | €3,037 | €912 | €4,139 | €4,085 | ▼ 1.3% |
| Non-recurring operating charges66A | - | €1,249 | - | - | - | - |
| Gross operating margin9900 | €453,230 | €589,970 | €685,838 | €838,865 | €842,754 | ▲ 0.5% |
| Operating profit (loss)9901 | €28,406 | €149,831 | €231,761 | €307,308 | €176,441 | ▼ 42.6% |
| Financial income75/76B | - | €685 | €1,658 | €2,615 | €5,631 | ▲ 115% |
| Recurring financial income75 | €621 | €685 | €1,658 | €2,615 | €5,631 | ▲ 115% |
| Financial charges65/66B | - | €23,670 | €37,307 | €69,800 | €66,897 | ▼ 4.2% |
| Recurring financial charges65 | €9,862 | €23,670 | €37,307 | €69,800 | €66,897 | ▼ 4.2% |
| Profit (loss) for the period before taxes9903 | €19,166 | €126,846 | €196,112 | €240,122 | €115,175 | ▼ 52.0% |
| Income taxes67/77 | €6,020 | €33,871 | €50,767 | €61,870 | €31,948 | ▼ 48.4% |
| Profit (loss) for the period9904 | €13,145 | €92,975 | €145,345 | €178,252 | €83,226 | ▼ 53.3% |
| Profit (loss) for the period to be appropriated9905 | €13,145 | €92,975 | €145,345 | €178,252 | €83,226 | ▼ 53.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.6m | €1.5m | €1.9m | €2.0m | €2.1m | ▲ 3.6% |
| Fixed assets21/28 | €1.1m | €1.1m | €1.5m | €1.5m | €1.5m | ▲ 0.2% |
| Intangible fixed assets21 | €125,958 | €112,720 | €99,482 | €86,579 | €73,786 | ▼ 14.8% |
| Tangible fixed assets22/27 | €42,712 | €50,609 | €33,317 | €49,554 | €65,098 | ▲ 31.4% |
| Plant, machinery and equipment23 | - | €11,948 | €9,307 | €13,203 | €14,667 | ▲ 11.1% |
| Furniture and vehicles24 | - | €38,661 | €24,010 | €36,351 | €50,430 | ▲ 38.7% |
| Financial fixed assets28 | €940,000 | €940,000 | €1.3m | €1.3m | €1.3m | = |
| Current assets29/58 | €442,768 | €352,309 | €438,795 | €547,812 | €618,024 | ▲ 12.8% |
| Stocks and contracts in progress3 | €82,478 | €73,214 | €102,188 | €101,678 | €102,485 | ▲ 0.8% |
| Stocks30/36 | - | €73,214 | €102,188 | €101,678 | €102,485 | ▲ 0.8% |
| Amounts receivable within one year40/41 | €232,029 | €156,117 | €212,612 | €324,590 | €445,255 | ▲ 37.2% |
| Trade receivables40 | - | €142,090 | €206,612 | €275,590 | €300,966 | ▲ 9.2% |
| Other amounts receivable41 | - | €14,027 | €6,000 | €49,000 | €144,289 | ▲ 194% |
| Cash at bank and in hand54/58 | €120,269 | €118,820 | €119,320 | €116,017 | €60,969 | ▼ 47.4% |
| Deferred charges and accrued income490/1 | - | €4,157 | €4,675 | €5,526 | €9,315 | ▲ 68.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.6m | €1.5m | €1.9m | €2.0m | €2.1m | ▲ 3.6% |
| Equity10/15 | €346,006 | €438,981 | €584,326 | €762,578 | €845,804 | ▲ 10.9% |
| Contributions10/11 | - | €39,700 | €39,700 | €39,700 | €39,700 | = |
| Reserves13 | €157,060 | €157,060 | €157,060 | €157,060 | €157,060 | = |
| Tax-exempt reserves132 | - | €25,585 | €25,585 | €25,585 | €25,585 | = |
| Distributable reserves133 | - | €131,475 | €131,475 | €131,475 | €131,475 | = |
| Profit (loss) carried forward14 | €149,246 | €242,221 | €387,566 | €565,818 | €649,044 | ▲ 14.7% |
| Amounts payable17/49 | €1.2m | €1.0m | €1.3m | €1.3m | €1.2m | ▼ 0.8% |
| Amounts payable after more than one year17 | €872,000 | €654,000 | €1.0m | €921,600 | €921,600 | = |
| Financial debts170/4 | - | €654,000 | €1.0m | €921,600 | €921,600 | = |
| Amounts payable within one year42/48 | €306,914 | €338,829 | €225,322 | €304,772 | €293,545 | ▼ 3.7% |
| Current portion of amounts payable after more than one year42 | - | €218,000 | €115,200 | €115,200 | €115,200 | = |
| Trade debts44 | €57,989 | €62,991 | €59,634 | €130,452 | €82,089 | ▼ 37.1% |
| Suppliers440/4 | - | €62,991 | €59,634 | €130,452 | €82,089 | ▼ 37.1% |
| Taxes, remuneration and social security45 | - | €57,838 | €50,488 | €59,119 | €96,256 | ▲ 62.8% |
| Taxes450/3 | - | €3,688 | €7,411 | €14,399 | €23,536 | ▲ 63.4% |
| Remuneration and social security454/9 | - | €54,150 | €43,077 | €44,720 | €72,720 | ▲ 62.6% |
| Accrued charges and deferred income492/3 | - | €23,828 | €60,146 | €29,995 | €31,166 | ▲ 3.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,145 | €92,975 | €145,345 | €178,252 | €83,226 | ▼ 53.3% |
| + Depreciation and write-downs630 | €26,290 | €34,865 | €32,807 | €32,391 | €34,041 | ▲ 5.1% |
| Operating cash flow (approximation) | €39,436 | €127,841 | €178,152 | €210,643 | €117,267 | ▼ 44.3% |
| Investment in fixed assets (approximation) | - | -€29,524 | -€397,277 | -€35,725 | -€36,999 | ▼ 3.6% |
| Change in cash | - | -€1,449 | €500 | -€3,302 | -€55,048 | ▼ 1,567% |
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
2026
27-03
State Gazette act
Appointment: Grant Thornton Bedrijfsrevisoren (statutory auditor)2 facts ▸
State Gazette act
Appointment: Grant Thornton Bedrijfsrevisoren (statutory auditor)
2 facts ▸
- General meeting, 22 augustus 2025
- Auditor appointment, Grant Thornton Bedrijfsrevisoren (statutory auditor)
27-03
State Gazette act
Reappointments: AFL Management SRL, Richard Pollard and Martin StruyfPermanent representative: Xavier Mignolet · Mandate compensation6 facts ▸
State Gazette act
Reappointments: AFL Management SRL, Richard Pollard and Martin Struyf
Permanent representative: Xavier Mignolet · Mandate compensation6 facts ▸
- General meeting, 19/05/2025
- Director reappointment, AFL Management SRL (director)
- Director reappointment, Richard Pollard (director)
- Director reappointment, Martin Struyf (director)
- Permanent representative, Xavier Mignolet
- Mandate compensation, DC Security
2025
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2018net €178,252 ▲22.6%
Operating result €307,308, net result €178,252, both a record.
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €500,000Eq €584,326 ▲33.1%
5 profitable years in a row build equity to €584,326.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €13,145 ▼83%
Net result drops to €13,145, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 21 acts read
About the unread acts
Of the 21 Belgian State Gazette acts we know for this company, 2 have been read. The other 19 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
under verification
This board is reconstructed from a single act (26043456). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Board 3
AFL Management SRL
CurrentDirector · Legal entity · perm. rep.: Xavier Mignolet
Martin Struyf
CurrentDirector
Richard Pollard
CurrentDirector
Permanent representatives 1
Xavier Mignolet
CurrentPermanent representative · for AFL Management SRL
Statutory auditor 1
GRANT THORNTON BEDRIJFSREVISOREN - REVISEURS D'ENTREPRISES
CurrentStatutory auditor · since 27-03-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
19 of this company's 21 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Aarschot · 1 establishment unit since 1988
Ground area
1,589 m²
Building footprint
306 m²
Volume, LiDAR
2,348 m³
Parcel 24662G0108/00F002, Flanders · tallest building 12.7 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
A.M. Security
since 19882.040.757.165
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24662G0108/00F002 | Flanders | 1,589 m² | 1 · 306 m² | 12.7 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.
Mandate history
4 people since 2026, 4 in office
- Board
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| AFL Management SRL |
|
| Martin Struyf |
|
| Richard Pollard |
|
| GRANT THORNTON BEDRIJFSREVISOREN - REVISEURS D'ENTREPRISES |
|
Structure & network
Connections & network
3 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,327. 5,159 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
Founded20-10-1988
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
47559Retail sale of other household articles
Scores and ratios are computed by Checked and are not a credit decision.