GLOBAL SECURITY
ActiveSummary
GLOBAL SECURITY has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €148,186 and a net result of €45,678. Equity is growing by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 65% of 259 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability92▲+85
Solvency85▲+24
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity ample (current ratio 2.37 against 1.57 in 2024; short-term debt: 40.1% and cash: 16.6% of total assets), and 40.1% of the assets are financed with debt.
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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 2025Solvency, return and age of the figures
Solvency
59.9%
Return on assets
18.5%
Age of the figures
9 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 · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-09-2026, 56 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
56 d late
2024
24 d late
2023
84 d late
2022
219 d late
2021
415 d late
2020
122 d late
2019
143 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 152 days after the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 24 October (4 of the last 5 filed years within 134 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€45,678
2024 · -€26,765
Working capital
€136,217▲ 37.2%
2024 · €99,282
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 80, Investigation and security activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€21,987€27,592▲ 25.5%€18,621▼ 32.5%-€19,264€58,862
Net result€8,884within the sector's middle half▲ 6,135%€20,314within the sector's middle half▲ 129%€2,009within the sector's middle half▼ 90.1%-€26,765within the sector's middle half€45,678above the sector's middle half
Equity€106,951within the sector's middle half▲ 9.1%€127,264within the sector's middle half▲ 19.0%€129,273within the sector's middle half▲ 1.6%€102,509within the sector's middle half▼ 20.7%€148,186above the sector's middle half▲ 44.6%
Total assets€213,208below the sector's middle half▼ 45.2%€255,056below the sector's middle half▲ 19.6%€269,806below the sector's middle half▲ 5.8%€286,848below the sector's middle half▲ 6.3%€247,556within the sector's middle half▼ 13.7%
Debt€106,257▼ 63.5%€127,792▲ 20.3%€140,533▲ 10.0%€184,340▲ 31.2%€99,370▼ 46.1%
Working capital€93,749within the sector's middle half▲ 4.9%€110,395within the sector's middle half▲ 17.8%€115,568within the sector's middle half▲ 4.7%€99,282within the sector's middle half▼ 14.1%€136,217above the sector's middle half▲ 37.2%
Solvency50.2%within the sector's middle half▲ 24.9pp49.9%within the sector's middle half▼ 0.3pp47.9%within the sector's middle half▼ 2.0pp35.7%within the sector's middle half▼ 12.2pp59.9%within the sector's middle half▲ 24.1pp
Current ratio1.88within the sector's middle half▲ 0.581.86within the sector's middle half▼ 0.021.82within the sector's middle half▼ 0.041.57within the sector's middle half▼ 0.262.37within the sector's middle half▲ 0.80
Return on assets (ROA)4.2%within the sector's middle half▲ 4.1pp8.0%within the sector's middle half▲ 3.8pp0.7%within the sector's middle half▼ 7.2pp-9.3%below the sector's middle half▼ 10.1pp18.5%above the sector's middle half▲ 27.8pp
Staff (FTE)2.8below the sector's middle half▼ 85.3%1.9below the sector's middle half▼ 32.1%11within the sector's middle half▲ 479%5.5below the sector's middle half▼ 50.0%5▼ 9.1%
above
within
below
the middle half (P25 to P75) of NACE 80, Investigation and security activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €58,862 after a loss of €19,264 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €247,556
Fixed assets
€11,969 ▼ 1.1%
Current assets
€235,587 ▼ 14.3%
Equity and liabilities €247,556
Equity
€148,186 ▲ 44.6%
Debt
€99,370 ▼ 46.1%
Debt's share of the balance-sheet total falls from 64.3% to 40.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€60,673▲
2024 · -€17,661
Cash flow
€47,489▲
2024 · -€25,162
Debt to equity
0.67▼
2024 · 1.80
ROE
30.8%▲
2024 · -26.1%
Interest coverage
14.81▲
2024 · -2.37
Debt ≤ 1 year
€99,370▼
2024 · €175,463
Income taxes
€9,088▲
2024 · €34
Staff costs
€376,136▼
2024 · €402,026
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,349 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €265,740 | €264,117 | €328,719 | €402,026 | €376,136 | ▼ 6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,805 | €4,051 | €3,165 | €1,603 | €1,811 | ▲ 13.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €77,047 | €72,144 | €0 | ▼ 100% |
| Other operating charges640/8 | €756 | €2,026 | €384 | - | €455 | - |
| Gross operating margin9900 | €292,288 | €297,785 | €427,936 | €456,509 | €437,264 | ▼ 4.2% |
| Operating profit (loss)9901 | €21,987 | €27,592 | €18,621 | -€19,264 | €58,862 | ▲ 406% |
| Financial income75/76B | €1 | - | €73 | - | €2 | - |
| Recurring financial income75 | €1 | - | €73 | - | €2 | - |
| Financial charges65/66B | €6,397 | €7,054 | €7,629 | €7,467 | €4,098 | ▼ 45.1% |
| Recurring financial charges65 | €6,397 | €7,054 | €7,629 | €7,467 | €4,098 | ▼ 45.1% |
| Profit (loss) for the period before taxes9903 | €15,591 | €20,538 | €11,064 | -€26,731 | €54,766 | ▲ 305% |
| Income taxes67/77 | €6,707 | €224 | €9,056 | €34 | €9,088 | ▲ 26,812% |
| Profit (loss) for the period9904 | €8,884 | €20,314 | €2,009 | -€26,765 | €45,678 | ▲ 271% |
| Profit (loss) for the period to be appropriated9905 | €8,884 | €20,314 | €2,009 | -€26,765 | €45,678 | ▲ 271% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €213,208 | €255,056 | €269,806 | €286,848 | €247,556 | ▼ 13.7% |
| Fixed assets21/28 | €13,400 | €16,869 | €13,705 | €12,102 | €11,969 | ▼ 1.1% |
| Tangible fixed assets22/27 | €12,444 | €15,914 | €12,749 | €11,147 | €11,014 | ▼ 1.2% |
| Furniture and vehicles24 | €4,653 | €1,562 | €0 | - | €1,470 | - |
| Other tangible fixed assets26 | €7,791 | €14,352 | €12,749 | €11,147 | €9,544 | ▼ 14.4% |
| Financial fixed assets28 | €956 | €956 | €956 | €956 | €956 | = |
| Current assets29/58 | €199,808 | €238,187 | €256,101 | €274,746 | €235,587 | ▼ 14.3% |
| Amounts receivable within one year40/41 | €171,818 | €229,289 | €190,037 | €223,191 | €194,372 | ▼ 12.9% |
| Trade receivables40 | €130,561 | €194,859 | €145,047 | €160,895 | €137,490 | ▼ 14.5% |
| Other amounts receivable41 | €41,258 | €34,430 | €44,991 | €62,297 | €56,882 | ▼ 8.7% |
| Cash at bank and in hand54/58 | €23,121 | €8,898 | €66,064 | €47,916 | €41,215 | ▼ 14.0% |
| Deferred charges and accrued income490/1 | €4,869 | - | - | €3,639 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €213,208 | €255,056 | €269,806 | €286,848 | €247,556 | ▼ 13.7% |
| Equity10/15 | €106,951 | €127,264 | €129,273 | €102,509 | €148,186 | ▲ 44.6% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €87,740 | €107,740 | €107,740 | €107,740 | €107,740 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €85,880 | €105,880 | €105,880 | €105,880 | €105,880 | = |
| Profit (loss) carried forward14 | €611 | €924 | €2,933 | -€23,831 | €21,846 | ▲ 192% |
| Amounts payable17/49 | €106,257 | €127,792 | €140,533 | €184,340 | €99,370 | ▼ 46.1% |
| Amounts payable within one year42/48 | €106,059 | €127,792 | €140,533 | €175,463 | €99,370 | ▼ 43.4% |
| Current portion of amounts payable after more than one year42 | €30,473 | €20,392 | €20,727 | €20,772 | €20,665 | ▼ 0.5% |
| Financial debts43 | €5,284 | €2,489 | - | - | - | - |
| Credit institutions430/8 | €5,284 | €2,489 | - | - | - | - |
| Trade debts44 | €48,329 | €59,283 | €64,603 | €32,715 | €0 | ▼ 100% |
| Suppliers440/4 | €48,329 | €59,283 | €64,603 | €32,715 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €21,924 | €45,628 | €55,203 | €121,977 | €75,599 | ▼ 38.0% |
| Taxes450/3 | €5,718 | €26,890 | €25,146 | €33,897 | €35,519 | ▲ 4.8% |
| Remuneration and social security454/9 | €16,206 | €18,738 | €30,057 | €88,080 | €40,080 | ▼ 54.5% |
| Other amounts payable47/48 | €49 | - | - | - | €3,106 | - |
| Accrued charges and deferred income492/3 | €198 | - | - | €8,876 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,884 | €20,314 | €2,009 | -€26,765 | €45,678 | ▲ 271% |
| + Depreciation and write-downs630 | €3,805 | €4,051 | €3,165 | €1,603 | €1,811 | ▲ 13.0% |
| Operating cash flow (approximation) | €12,689 | €24,364 | €5,173 | -€25,162 | €47,489 | ▲ 289% |
| Investment in fixed assets (approximation) | - | -€7,520 | €0 | €0 | -€1,678 | - |
| Change in cash | - | -€14,223 | €57,166 | -€18,148 | -€6,701 | ▲ 63.1% |
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
Next filing, fiscal year 2026, expected by
2026
25-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 56 days late
2025
31-12
Financial
Back to profitnet €45,678
Net result €45,678 after one loss-making year.
24-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 24 days late
2024
23-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 84 days late
06-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 219 days late
2023
19-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 415 days late
2021
31-12
Financial
Equity above €100,000Eq €106,951 ▲9.1%
2 profitable years in a row build equity to €106,951.
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 122 days late
2020
31-12
Financial
Back to profitnet €142
Net result €142 after 2 loss-making years.
21-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 143 days late
2019
09-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 70 days late
2018
13-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 13 days late
10-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 163 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
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, Vorst · 1 establishment unit since 2004
Ground area
215 m²
Building footprint
135 m²
Volume, LiDAR
1,506 m³
Parcel 21007A0032/00D009, Brussels · tallest building 15.0 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
GLOBAL SECURITY
since 20042.143.267.656
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21007A0032/00D009 | Brussels | 215 m² | 1 · 135 m² | 15.0 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.
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Of 700 companies in sector 80010 we hold annual accounts for 349. 253 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 (pre-2019)
Founded07-10-2004
Fiscal year end31-12
Activities, NACEBEL 2025
80010Investigation and private security services
Contact
E-mail
info@global-security.be
Phone
02 534 88 31
Fax
02 534 88 31
E-invoicing
Reachable via Peppol
Peppol ID
0208:0867694593
Registered
28-04-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.