Equity
-€1,505
Debts exceed assets in financial year 2025.
Ghostguard Security
Overview
Lifetime
1 annual account with figurespeak -€2,033 (2025)
-€2,033
lowest -€4,005 (2025)
-€4,005
peak -€1,505 (2025)
-€1,505
€32,171
Board2 names since 2024
2 directorsDE GROOF Kelsea and 1 other
Documentsfilings and deeds
25-06-202636 days before the deadline
2025micro format
Loss of €4,005First year with figures
Key points
from the 2025 annual accountsDebts
€32,171 105% of the balance sheet
Position in the sector
-4.9%
Lower solvency than 86% of companies in security and investigation. Sector median 40.7% · 322 companies.
Turnover not published (micro format)
Checked score
53
Fair
Financially stronger than 15% of micro companies in security and investigation (NACE 80)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 479 companies (NACE 80, micro).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2025: 0.7%lowest value
01-2026: 0.7%● unchanged vs 12-2025lowest value
02-2026: 0.7%● unchanged vs 01-2026
03-2026: 0.7%● unchanged vs 02-2026
04-2026: 0.8%▲ +0.1 percentage points vs 03-2026
05-2026: 0.9%▲ +0.1 percentage points vs 04-2026
06-2026: 0.9%● unchanged vs 05-2026
07-2026: 1.0%▲ +0.1 percentage points vs 06-2026highest value
08-2026: 1.0%● unchanged vs 07-2026
09-2026: 1.0%● unchanged vs 08-2026
10-2026: 0.7%▼ -0.3 percentage points vs 09-2026
11-2026: 0.7%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€1,505
lowers risk
Sector: Investigation and security activities (NACE 80)
Size: total assets €30,666
Figures for financial year 2025 (filed on 25-06-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 80, micro). It does better than 14% of them on solvency, 16% on liquidity and 15% on profitability.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 1,322 companies had the same profile as Ghostguard Security has now. Each dot stands for 4 companies, two years later.
90.2%
were still trading
5.5%
stopped another way
4.2%
went bankrupt
The bankruptcy probability of Ghostguard Security itself is lower: 0.7% within 12 months. It rests on far more data about Ghostguard Security than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,322 companies, not a prediction for Ghostguard Security. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.85, below 1. Short-term debt is 104.9% and cash 16.9% of total assets. Equity is negative.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Young company
Founded in 2024, a year ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-06-2026, 36 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
36 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
Board and ownership
- VAN KERCKHOVE Diëgo founderdeed of 26-11-2024
- DE GROOF Kelsea founderdeed of 26-11-2024
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1016537927
Security company licence granted
Decision of 08-07-2025, published on 14-07-2025
Incorporation
Founding capital of €2,500, 100 shares · Founders: VAN KERCKHOVE Diëgo and DE GROOF Kelsea · Appointments: VAN KERCKHOVE Diëgo (director) and DE GROOF Kelsea (director) · published on 26-11-2024 · Gazette deed
First establishment
Huivelde 167, Zele
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Ghostguard Security Zele | €30,666 | -€2,033 | -4.9% | - |
| MN SECURITY Anderlecht | €29,433 | -€18,443 | -58.4% | - |
| Group FB Veurne | €24,317 | -€2,565 | 25.6% | - |
| SP SURVEILLANCE ET PROTECTION Engis | €15,561 | -€3,263 | 75.4% | - |
| DR SUPPORT Torhout | €11,655 | €1,375 | 6.7% | - |
| EMBERCRYPT Ghent | €50,522 | €2,204 | 26.4% | - |
| STEPINVEST Heist-op-den-Berg | €9,619 | -€4,851 | -42.9% | - |
These companies have the same main activity as Ghostguard Security: investigation and private security services (NACE 80010). They are comparable in size and age: total assets between €9,620 and €50,500, founded between 2022 and 2025.
Official details
Source: KBO- Status
- Active since 22-11-2024Normal situation
- Activity
- Investigation and private security servicesNACE 80010
- Establishment unit
- 2.366.702.3079240 Zele, since 22-11-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 06-10-2025
Annual accounts 2025
- -€2,033
- €4,005
- -€1,505
- €30,666
- Filing
- Filed on 25-06-2026, 36 days before the end of the filing period
Insights on Ghostguard Security
Ghostguard Security has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€1,505) and a net result of -€4,005.
Its solvency ranks better than 14% of 322 sector peers (NACE 80, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 25-06-2026, 36 days before the deadline-€2,033
-€3,052
-€4,005
-€4,796
-4.9%
0.85
Turnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €30,666 on 31-12-2025What the company ownsHow it is paid for
Position in the sector
-4.9%
Higher than 14% of 322 companies in 2025.
0.85
Higher than 19% of 308 companies in 2025.
-13.1%
Higher than 15% of 312 companies in 2025.
Ghostguard Security
Middle half of the sector
80% of the sector
Micro accounts in security and investigation (NACE 80)
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
30,666 | |
21/28 |
3,291 | |
21 |
3,291 | |
29/58 |
27,375 | |
40/41 |
2,628 | |
40 |
1,931 | |
41 |
697 | |
54/58 |
5,172 | |
490/1 |
19,575 | |
| Balance sheet: equity and liabilities | ||
10/49 |
30,666 | |
10/15 |
-1,505 | |
10/11 |
2,500 | |
14 |
-4,005 | |
17/49 |
32,171 | |
42/48 |
32,171 | |
44 |
2,076 | |
440/4 |
2,076 | |
47/48 |
30,095 | |
| Income statement | ||
9900 |
-2,033 | |
630 |
358 | |
640/8 |
662 | |
9901 |
-3,052 | |
75/76B |
0 | |
75 |
0 | |
65/66B |
953 | |
65 |
953 | |
9903 |
-4,005 | |
9904 |
-4,005 | |
9905 |
-4,005 | |
| Appropriation of the result | ||
9906 |
-4,005 | |
| Document | ||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 25-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 25-06-2026 | 2026-00197545 |
Subsidies and aid
Flemish government 2025, 1 entry, €2,343 awarded, €2,234 paid
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| -2,695 | ||
| -3,647 | ||
| 3,649 | ||
| -4,796 | ||
| -4.9% | ||
| 0.85 | ||
| -13.1% | ||
| -2.83 |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 |
|---|---|
| Intangible fixed assets | €3,649 |
| €358 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Insights on Ghostguard Security
Equity is negative. Debt (€32,171) exceeds the balance-sheet total (€30,666).
Board & ownership
Board
2 directors, since incorporationDirector (not named in the articles)
since 22-11-2024
term without a fixed end
listed in the 2025 annual accounts, filed on 25-06-2026
Director (not named in the articles)
since 22-11-2024
term without a fixed end
also on the board of 1 other company
listed in the 2025 annual accounts, filed on 25-06-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 26-11-2024
Mandates through the years
2 names, the dashed line is todayDE GROOF Kelsea
Director (not named in the articles)
Director (not named in the articles)
VAN KERCKHOVE Diëgo
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- DE GROOF Kelsea
- Director (not named in the articles), from 22-11-2024 to date
- VAN KERCKHOVE Diëgo
- Director (not named in the articles), from 22-11-2024 to date
Control
Founders
This company
Ghostguard Security
Equity -€1,505
Loss €4,005 in 2025
Capital
- Contribution
- €2,500
- Shares
- 100
- Contribution per share
- €25
- Equity per share
- -€15.05 in 2025
- Source
- deed of 26-11-2024
Articles of association
deed of 26-11-2024 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Wednesday of June at 18:00
Founders
At incorporation
deed of 26-11-2024 ↗
- VAN KERCKHOVE Diëgo founder
- DE GROOF Kelsea founder
Network & group
No group
Ghostguard Security has no parent and no holdings in its annual accounts.
At the same address
Huivelde 167, 9240 Zele · 1 other company| Liego
registered office since 20-01-2022 · founded in 2022 |
total assets €153,371 (2026) 0780.688.068 |
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
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Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
Liego
via VAN KERCKHOVE Diëgo · Director (not named in the articles) · deed of 24-01-2022
Founded in 2022 · total assets €153,371 (2026)
→
Timeline
Timeline
5 events since 2024Filings
Permits
Establishments
202420252026
2026
Annual accounts 2025 filed NBBmicro format · 36 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:1016537927
2024
IncorporationFounding capital of €2,500, 100 shares · Founders: VAN KERCKHOVE Diëgo and DE GROOF Kelsea · Appointments: VAN KERCKHOVE Diëgo (director) and DE GROOF Kelsea (director) · published on 26-11-20246 points ▸
- Founder, VAN KERCKHOVE Diëgo
- Founder, DE GROOF Kelsea
- Founding capital, €2,500, 100 shares
- Board rule, 2
- Director appointment, VAN KERCKHOVE Diëgo (director (not named in the articles))
- Director appointment, DE GROOF Kelsea (director (not named in the articles))
- The deed holds 2 more points.
First establishment Huivelde 167, Zele
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Identity
- Enterprise number
- 1016.537.927
- VAT number
- BE 1016.537.927
- Peppol ID
- 0208:1016537927
- Other Peppol ID
- 9925:BE1016537927
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 22-11-2024
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Wednesday of June at 18:00deed of 26-11-2024 (in Dutch)
- Peppol
- Reachable since 06-10-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- Ghostguard Security in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 26-11-2024 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 26-11-2024 (in Dutch)
Activities
NACEBEL 202580010
Investigation and private security services main activity
Codes under NACEBEL 2008
80100
Investigation and security activities main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Het houden van toezicht,bewaking en andere activiteiten ter bescherming van personen of eigendommen; lijfwachten,bewaking van…”deed of 26-11-2024 (in Dutch)
11 activities
- Het houden van toezicht,bewaking en andere activiteiten ter bescherming van personen of eigendommen; lijfwachten,bewaking van woningen,kantoren,fabrieken,bouwterreinen,enzovoort
- Particuliere beveiliging
- Installaties van bewakingssystemen en alarminstallaties tegen diefstal
- Diensten in verband met beveiligingssystemen
- De vennootschap zal op alle wijzen belangen kunnen nemen in alle zaken,ondernemingen of vennootschappen met eenzelfde,gelijklopend of aanverwant doel en dat van aard is de ontwikkeling van haar onderneming te bevorderen,de verkoop van haar producten te vergemakkelijken,of haar klantenbestand uit te breiden
- De vennootschap zal alle industriële,handels- of burgerlijke operaties mogen uitoefenen die rechtstreeks of onrechtstreeks verband houden met haar doel
- Zij heeft in het algemeen de volle rechtsbekwaamheid om alle handelingen te voltrekken die een rechtstreeks of onrechtstreeks verband houden met haar maatschappelijk doel of welke van die aard zouden zijn dat zij de verwezenlijking van dit doel,rechtstreeks of onrechtstreeks,geheel of ten dele vergemakkelijken
- Zij kan belangen nemen door associatie,inbreng,fusie,financiële tussenkomst of op gelijk welke andere wijze,in alle vennootschappen,verenigingen of ondernemingen met een identiek,gelijklopend of samenhangend doel met het hare,of die van aard kunnen zijn de ontwikkeling van haar onderneming te begunstigen of een bron van afzetten te vormen
- Zij heeft in het algemeen de volle rechtsbekwaamheid om alle handelingen en verrichtingen te voltrekken die een rechtstreeks of onrechtstreeks verband houden met haar voorwerp of welke van die aard zouden zijn dat zij de verwezenlijking van dit voorwerp,rechtstreeks of onrechtstreeks,geheel of ten dele vergemakkelijken
- Zij kan belangen nemen door associatie,inbreng,fusie,financiële tussenkomst of op gelijk welke andere wijze,in alle vennootschappen,verenigingen of ondernemingen met een identiek,gelijklopend of samenhangend voorwerp met het hare of die van aard kunnen zijn de ontwikkeling van haar onderneming te begunstigen of een bron van afzetten te vormen
- Zij kan de functies van bestuurder of vereffenaar uitoefenen in andere vennootschappen
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Huivelde 167 registered office 9240 Zele | 22-11-2024 | 2.366.702.307 |
Buildings and parcels at the address
- Ground area
- 346 m²
- Buildings
- 158 m²
- Volume, LiDAR
- 786 m³
- Tallest building
- 7.2 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 42028B0596/00X000 | 346 m² | 1 · 158 m² | 7.2 m · 2 |
Recognitions
Licences in the Official Gazette
1 publicationSecurity company licence