PROTECTION UNIT
ActiveSummary
PROTECTION UNIT has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.75M and a net result of €1.61M. The figures fluctuate too strongly year-on-year for a reliable trend projection. The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability61▲+5
Solvency28▲+3
Growth85▲+17
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity tight (current ratio 1.25 against 1.27 in 2023; short-term debt: 66.9% and cash: 8.8% of total assets), and 97.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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 2024Solvency, return and age of the figures
Solvency
2.8%
Return on assets
2.6%
Age of the figures
21 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 31-12-2024 was due by 31-07-2025 and was filed on 15-05-2025, 77 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
77 d early
2023
29 d late
2022
6 d early
2021
39 d late
2020
48 d late
2019
88 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, unclassified schema
Turnover
€138.13M▲ 6.4%
2023 · €129.76M
EBIT margin
2.8%▲ 1.8pp
2023 · 1.0%
Net result
€1.61M
2023 · €-522k
Working capital
€10.48M▼ 16.3%
2023 · €12.51M
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€30.82M▲ 4.7%€67.98M▲ 121%€86.67M▲ 27.5%€129.76M▲ 49.7%€138.13M▲ 6.4%
Operating result€567k€409k▼ 27.9%€-1.63M€1.26M€3.85M▲ 205%
Net result€241k€20k▼ 91.6%€-2.33M€-522k▲ 77.6%€1.61M
EBIT margin1.8%▲ 1.9pp0.6%▼ 1.2pp-1.9%▼ 2.5pp1.0%▲ 2.9pp2.8%▲ 1.8pp
Equity€1.09M€2.99M▲ 175%€665k▼ 77.8%€143k▼ 78.5%€1.75M▲ 1,123%
Total assets€14.18M▲ 59.6%€31.80M▲ 124%€56.86M▲ 78.8%€69.71M▲ 22.6%€62.89M▼ 9.8%
Debt€13.10M▲ 44.9%€28.80M▲ 120%€55.32M▲ 92.0%€69.02M▲ 24.8%€58.89M▼ 14.7%
Working capital€1.50M€-529k€-4.45M▼ 741%€12.51M€10.48M▼ 16.3%
Staff (FTE)531.2▲ 6.9%1,783.5▲ 236%1,711.9▼ 4.0%2,454.9▲ 43.4%2,328.1▼ 5.2%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 205% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €62.89M
Fixed assets
€10.32M ▼ 1.5%
Current assets
€52.56M ▼ 11.3%
Equity and liabilities €62.89M
Equity
€1.75M ▲ 1,123%
Provisions
€2.25M ▲ 312%
Debt
€58.89M ▼ 14.7%
Debt's share of the balance-sheet total falls from 99.0% to 93.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€6.86M▲
2023 · €4.40M
Cash flow
€4.62M▲
2023 · €2.62M
Current ratio
1.25▼
2023 · 1.27
Debt to equity
33.60
ROE
91.8%▲
2023 · -364.3%
ROA
2.6%▲
2023 · -0.7%
Interest coverage
8.40▼
2023 · 8.73
Debt ≤ 1 year
€42.09M▼
2023 · €46.72M
Debt > 1 year
€16.43M▼
2023 · €22.28M
Income taxes
€606k▲
2023 · €219k
Staff costs
€128.39M▼
2023 · €131.85M
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 | - | €77.85M | €104.06M | €148.67M | €150.08M | ▲ 1.0% |
| Turnover70 | €30.82M | €67.98M | €86.67M | €129.76M | €138.13M | ▲ 6.4% |
| Own construction capitalised72 | - | €564k | €1.20M | €1.02M | - | - |
| Other operating income74 | - | €9.31M | €12.11M | €17.20M | €11.91M | ▼ 30.7% |
| Non-recurring operating income76A | - | - | €4.09M | €691k | €45k | ▼ 93.5% |
| Operating charges60/66A | - | €77.44M | €105.69M | €147.41M | €146.24M | ▼ 0.8% |
| Goods for resale, raw materials and consumables60 | - | €3.19M | €2.49M | €2.46M | €4.90M | ▲ 99.1% |
| Purchases600/8 | - | €3.19M | €2.49M | €2.46M | €4.90M | ▲ 99.1% |
| Services and other goods61 | - | €3.62M | €5.13M | €6.27M | €5.86M | ▼ 6.6% |
| Remuneration, social security and pensions62 | - | €64.47M | €90.41M | €131.85M | €128.39M | ▼ 2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €312k | €1.12M | €1.79M | €3.14M | €3.01M | ▼ 4.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €36k | €104k | €-98k | €0 | ▲ 100% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €379k | €-379k | €1.69M | ▲ 546% |
| Other operating charges640/8 | - | €3.46M | €1.91M | €3.50M | €2.01M | ▼ 42.5% |
| Non-recurring operating charges66A | - | €1.53M | €3.48M | €665k | €377k | ▼ 43.2% |
| Operating profit (loss)9901 | €567k | €409k | €-1.63M | €1.26M | €3.85M | ▲ 205% |
| Financial income75/76B | - | €44k | €54k | €36k | €15k | ▼ 59.8% |
| Recurring financial income75 | €6k | €2k | €54k | €36k | €15k | ▼ 59.8% |
| Income from financial fixed assets750 | - | €139 | €4k | - | - | - |
| Income from current assets751 | - | €1k | €2 | €12k | €2k | ▼ 86.8% |
| Other financial income752/9 | - | €245 | €51k | €25k | €13k | ▼ 47.1% |
| Non-recurring financial income76B | - | €42k | - | - | - | - |
| Financial charges65/66B | - | €213k | €462k | €1.60M | €1.65M | ▲ 2.9% |
| Recurring financial charges65 | €103k | €213k | €462k | €1.60M | €1.65M | ▲ 2.9% |
| Debt charges650 | €8k | €22k | €177k | €504k | €817k | ▲ 62.0% |
| Other financial charges652/9 | - | €191k | €285k | €1.10M | €829k | ▼ 24.3% |
| Profit (loss) for the period before taxes9903 | €470k | €240k | €-2.04M | €-303k | €2.22M | ▲ 831% |
| Income taxes67/77 | €230k | €220k | €290k | €219k | €606k | ▲ 176% |
| Taxes670/3 | - | €220k | €290k | €219k | €809k | ▲ 269% |
| Tax adjustments and reversals of tax provisions77 | - | - | €21 | - | €203k | - |
| Profit (loss) for the period9904 | €241k | €20k | €-2.33M | €-522k | €1.61M | ▲ 408% |
| Profit (loss) for the period to be appropriated9905 | €241k | €20k | €-2.33M | €-522k | €1.61M | ▲ 408% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €14.18M | €31.80M | €56.86M | €69.71M | €62.89M | ▼ 9.8% |
| Formation expenses20 | €16k | - | - | - | - | - |
| Fixed assets21/28 | €2.37M | €5.50M | €9.59M | €10.48M | €10.32M | ▼ 1.5% |
| Intangible fixed assets21 | €66k | €1.62M | €3.02M | €3.10M | €2.44M | ▼ 21.4% |
| Tangible fixed assets22/27 | €701k | €2.42M | €5.12M | €5.41M | €3.91M | ▼ 27.6% |
| Plant, machinery and equipment23 | - | €1.34M | €3.58M | €2.97M | €2.01M | ▼ 32.2% |
| Furniture and vehicles24 | - | €412k | €503k | €463k | €332k | ▼ 28.3% |
| Leasing and similar rights25 | - | €16k | €657k | €1.67M | €1.34M | ▼ 19.6% |
| Other tangible fixed assets26 | - | €385k | €374k | €304k | €225k | ▼ 25.9% |
| Assets under construction and advance payments27 | - | €267k | €12k | - | - | - |
| Financial fixed assets28 | €1.60M | €1.45M | €1.45M | €1.97M | €3.97M | ▲ 102% |
| Affiliated companies280/1 | - | €1.44M | €1.44M | €1.49M | €3.42M | ▲ 129% |
| Amounts receivable281 | - | €1.44M | €1.44M | €1.49M | €3.42M | ▲ 129% |
| Other financial fixed assets284/8 | - | €10k | €10k | €476k | €555k | ▲ 16.7% |
| Amounts receivable and cash guarantees285/8 | - | €10k | €10k | €476k | €555k | ▲ 16.7% |
| Current assets29/58 | €11.80M | €26.30M | €47.27M | €59.23M | €52.56M | ▼ 11.3% |
| Amounts receivable within one year40/41 | €11.03M | €25.36M | €46.36M | €55.62M | €46.35M | ▼ 16.7% |
| Trade receivables40 | - | €18.56M | €32.58M | €37.22M | €34.94M | ▼ 6.1% |
| Other amounts receivable41 | - | €6.80M | €13.79M | €18.41M | €11.41M | ▼ 38.0% |
| Cash at bank and in hand54/58 | €608k | €674k | €615k | €3.15M | €5.57M | ▲ 76.9% |
| Deferred charges and accrued income490/1 | - | €259k | €288k | €465k | €647k | ▲ 39.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €14.18M | €31.80M | €56.86M | €69.71M | €62.89M | ▼ 9.8% |
| Equity10/15 | €1.09M | €2.99M | €665k | €143k | €1.75M | ▲ 1,123% |
| Contributions10/11 | - | €2.90M | €2.90M | €2.90M | €2.90M | = |
| Revaluation surpluses12 | - | €131k | €131k | €131k | €131k | = |
| Reserves13 | €153k | €153k | €153k | €153k | €153k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Tax-exempt reserves132 | - | €1k | €1k | €1k | €1k | = |
| Distributable reserves133 | - | €150k | €150k | €150k | €150k | = |
| Profit (loss) carried forward14 | €-216k | €-196k | €-2.52M | €-3.04M | €-1.44M | ▲ 52.8% |
| Provisions and deferred taxes16 | - | - | €879k | €545k | €2.25M | ▲ 312% |
| Provisions for liabilities and charges160/5 | - | - | €879k | €545k | €2.25M | ▲ 312% |
| Other liabilities and charges164/5 | - | - | €879k | €545k | €2.25M | ▲ 312% |
| Amounts payable17/49 | €13.10M | €28.80M | €55.32M | €69.02M | €58.89M | ▼ 14.7% |
| Amounts payable after more than one year17 | €2.79M | €1.87M | €3.60M | €22.28M | €16.43M | ▼ 26.2% |
| Financial debts170/4 | - | €988k | €2.72M | €2.27M | €1.09M | ▼ 52.0% |
| Leasing and similar obligations172 | - | €364k | €458k | €1.09M | €638k | ▼ 41.6% |
| Credit institutions173 | - | €624k | €2.26M | €1.18M | €453k | ▼ 61.6% |
| Other amounts payable178/9 | - | €880k | €878k | €20.00M | €15.34M | ▼ 23.3% |
| Amounts payable within one year42/48 | €10.30M | €26.82M | €51.72M | €46.72M | €42.09M | ▼ 9.9% |
| Current portion of amounts payable after more than one year42 | - | €2.93M | €2.57M | €3.86M | €1.26M | ▼ 67.2% |
| Financial debts43 | - | €5.64M | €17.55M | €17.00M | €13.07M | ▼ 23.1% |
| Credit institutions430/8 | - | €5.64M | €17.55M | €17.00M | €13.07M | ▼ 23.1% |
| Trade debts44 | €3.24M | €4.91M | €4.29M | €2.65M | €3.60M | ▲ 36.3% |
| Suppliers440/4 | - | €4.91M | €4.29M | €2.65M | €3.60M | ▲ 36.3% |
| Taxes, remuneration and social security45 | - | €13.31M | €26.84M | €22.80M | €24.02M | ▲ 5.4% |
| Taxes450/3 | - | €1.38M | €2.04M | €1.38M | €1.94M | ▲ 40.4% |
| Remuneration and social security454/9 | - | €11.93M | €24.81M | €21.42M | €22.08M | ▲ 3.1% |
| Other amounts payable47/48 | - | €33k | €463k | €422k | €122k | ▼ 71.2% |
| Accrued charges and deferred income492/3 | - | €112k | - | €24k | €369k | ▲ 1,447% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €241k | €20k | €-2.33M | €-522k | €1.61M | ▲ 408% |
| + Depreciation and write-downs630 | €312k | €1.12M | €1.79M | €3.14M | €3.01M | ▼ 4.1% |
| Operating cash flow (approximation) | €553k | €1.14M | €-532k | €2.62M | €4.62M | ▲ 76.5% |
| Investment in fixed assets (approximation) | - | €-4.26M | €-5.89M | €-4.03M | €-2.85M | ▲ 29.1% |
| Change in cash | - | €66k | €-60k | €2.53M | €2.42M | ▼ 4.4% |
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
15-05
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema
2024
31-12
Financial
Back to profitnet €1.61M
Net result €1.61M after 2 loss-making years.
31-12
Financial
Equity above €1MEq €1.75M ▲1,123%
Equity rises from €143k to €1.75M.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema · 29 days late
2023
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema
2022
31-12
Financial
Weakest financial yearnet €-2.33M
Net result drops to €-2.33M, the lowest in the series; recovery starts the following year.
08-09
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema · 39 days late
2021
31-12
Financial
Equity above €2MEq €2.99M ▲175%
2 profitable years in a row build equity to €2.99M.
17-09
NBB filing
Annual accounts filed
fiscal year 2020 · unclassified schema · 48 days late
25-02
State Gazette act
Board meeting · Demerger
Share issue · Accounting effect
2020
31-12
Financial
Back to profitnet €241k
Net result €241k after 2 loss-making years.
31-12
Financial
Equity above €1MEq €1.09M
Equity rises from €-154k to €1.09M.
Show earlier events
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 88 days late
2019
09-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 40 days late
2018
03-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 64 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 58 days late
2016
17-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 17 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 16 acts read
About the unread acts
We know of 16 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
16 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, Saint-Georges-sur-Meuse · 1 establishment unit since 1996
Ground area
606 m²
Building footprint
578 m²
Volume, LiDAR
7,215 m³
Parcel 64065C0220/00G000, Wallonia · tallest building 12.9 m, ±4 floors. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
PROTECTION UNIT
since 19962.076.262.234
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64065C0220/00G000 | Wallonia | 606 m² | 1 · 578 m² | 12.9 m · 4 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
Acquisitions and mergers
1 transactionSplit off to:PROTECTION UNIT
Public money · subsidies and aid
European Union, budget
2022 to 2025 · 91 entries · 136,356,300 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2025 | 29 | 29,213,676 EUR |
| 2024 | 22 | 47,833,526 EUR |
| 2023 | 29 | 35,958,387 EUR |
| 2022 | 11 | 23,350,711 EUR |
Projects
BUILDING SECURITY SERVICES
GARDIENNAGE BATIMENTS
GUARD SERVICES
GUARDS SERVICES
GUARDEINNAGE DES BATIMENTS
Show 8 more projects
GARDIENNAGE DES BATIMENTS
SECURITY SERVICES - GUARDING SERVICES
SERVICE DE GARDIENNAGE DES BATIMENTS (BRUXELLES)
SECURITY SERVICE - GUARDS BXL
GUARDING JANUARY 2025
GUARD SERVOCES
SECURITY OLAF 2024
SECURITY OLAF 2023
Recognitions · licences · registrations
Legal Entity Identifier
87550014QA3QJUZYPD38
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Of 700 companies in sector 80010 we hold annual accounts for 349. 131 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
Founded01-04-1996
Fiscal year end31-12
Activities, NACEBEL 2025
80010Investigation and private security services
Scores and ratios are computed by Checked and are not a credit decision.