Ghost Protect Security & Terrassement
ActiveGhost Protect Security & Terrassement has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €95k and a net result of €16k. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 55% of 27619 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▲+10
Solvency76▲+11
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 1.67 against 1.68 in 2024; short-term debt: 29% and cash: 20.7% of total assets), and 48.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €95k
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 28-11-2025, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
32 d late
2023
30 d late
2022
24 d late
2021
24 d late
2020
30 d late
2019
22 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close19-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€95k▲ 11.6%
2024 · €85k
2019: €81k
2020: €77k
2021: €82k
2022: €87k
2023: €84k
2024: €85k
2019 → 2025
Total assets
€185k▼ 12.8%
2024 · €212k
2019: €134k
2020: €99k
2021: €149k
2022: €172k
2023: €199k
2024: €212k
2019 → 2025
Net result
€16k▲ 1,437%
2024 · €1k
2019: €10k
2020: €-4k
2021: €5k
2022: €5k
2023: €2k
2024: €1k
2019 → 2025
Working capital
€36k▼ 28.3%
2024 · €50k
2019: €62k
2020: €62k
2021: €67k
2022: €71k
2023: €45k
2024: €50k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€82k-€87k▲ 6.4%€84k▼ 3.3%€85k▲ 1.2%€95k▲ 11.6%
Operating result€6k-€9k▲ 49.6%€7k▼ 19.7%€6k▼ 25.5%€24k▲ 339%
Net result€5k-€5k▲ 14.5%€2k▼ 58.5%€1k▼ 52.3%€16k▲ 1,437%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 339% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €185k
Fixed assets
€95k▲ 8.4%
Current assets
€89k▼ 27.9%
Equity and liabilities €185k
Equity
€95k▲ 11.6%
Debt
€90k▼ 29.2%
The debt ratio falls from 59.9% to 48.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€64k▲
2024 · €42k
Cash flow
€55k▲
2024 · €38k
Solvency
51.3%▲
2024 · 40.1%
Current ratio
1.67▼
2024 · 1.68
Quick ratio
1.67▼
2024 · 1.68
Debt / equity
0.95▼
2024 · 1.49
ROE
16.7%▲
2024 · 1.2%
ROA
8.6%▲
2024 · 0.5%
Interest coverage
18.00▲
2024 · 10.50
Debt
€90k▼
2024 · €127k
Debt ≤ 1 year
€53k▼
2024 · €74k
Debt > 1 year
€29k▼
2024 · €53k
Income taxes
€5k▲
2024 · €604
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€212k€185k▼
Fixed assets21/28€88k€95k▲
Tangible fixed assets22/27€88k€95k▲
Plant, machinery and equipment23€19k€32k▲
Furniture and vehicles24€69k€63k▼
Financial fixed assets28€191€191=
Current assets29/58€124k€89k▼
Amounts receivable within one year40/41€103k€49k▼
Trade receivables40€71k€32k▼
Other amounts receivable41€32k€17k▼
Cash at bank and in hand54/58€18k€38k▲
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€212k€185k▼
Equity10/15€85k€95k▲
Contributions10/11€20k€20k=
Reserves13€3k€13k▲
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Distributable reserves133-€10k
Profit (loss) carried forward14€61k€61k▼
Amounts payable17/49€127k€90k▼
Amounts payable after more than one year17€53k€29k▼
Financial debts170/4€53k€29k▼
Amounts payable within one year42/48€74k€53k▼
Current portion of amounts payable after more than one year42€29k€35k▲
Trade debts44€43k€10k▼
Suppliers440/4€43k€10k▼
Taxes, remuneration and social security45€2k€8k▲
Taxes450/3€2k€8k▲
Accrued charges and deferred income492/3-€8k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€39k▲
Other operating charges640/8€2k€18k▲
Gross operating margin9900€45k€82k▲
Operating profit (loss)9901€6k€24k▲
Financial income75/76B€140-
Recurring financial income75€140-
Financial charges65/66B€4k€4k▼
Recurring financial charges65€4k€4k▼
Profit (loss) for the period before taxes9903€2k€21k▲
Income taxes67/77€604€5k▲
Profit (loss) for the period9904€1k€16k▲
Profit (loss) for the period to be appropriated9905€1k€16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€61k€77k▲
Profit (loss) brought forward from the previous period14P€60k€61k▲
Transfer to equity691/2-€10k
To other reserves6921-€10k
Profit to be distributed694/7-€6k
Directors or managers695-€6k
The notes to these accounts (7 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
2025
28-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
31-03
Financial
Highest result since 2019net €16k ▲1437%
Operating result €24k, net result €16k, both a record.
2024
02-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 32 days late
2023
30-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2022
24-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2021
24-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 24 days late
31-03
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
31-03
Financial
Weakest financial yearnet €-4k ▼137%
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
31-03
Financial
Liquidity doublescurrent ratio 4.94
Current ratio from 2.45 to 4.94; short-term debt falls from €43k to €16k.
2019
22-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 22 days late
2018
21-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2017
08-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 8 days late
2016
07-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 7 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Incourt · 1 establishment unit since 2000
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.
Rue de la Procession 9A1315 IncourtGround area
1,000 m²
Building footprint
138 m²
Volume, LiDAR
693 m³
Parcel 25086A0526/00F000, Wallonia · tallest building 6.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GPS Terrassement
since 20002.096.558.394
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25086A0526/00F000 | Wallonia | 1,000 m² | 1 · 138 m² | 6.4 m · 2 fl. |
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.
Recognitions · licences · registrations
Recognised contractor
5 categoriesGhost Protect Security & Terrassement SRL46313
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Of 22,826 companies in sector 43211 we hold annual accounts for 10,327. 8,818 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-04-2000
Fiscal year end31-03
Activities, NACEBEL
43120Site preparation
43211General electrical installation work
45310
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.