HIGH SECURITY
ActiveSummary
HIGH SECURITY has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €452,944 and a net result of €73,806. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 25% of 79 sector peers (NACE 80, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Financials · financial year 2025, full format
In the rankings
#1 employer in Walloon Brabant, Administrative and support services sector#1 company by total assets in Walhain, Administrative and support services sector#4 company by staff growth in Walloon Brabant, Administrative and support services sector
Turnover
€23.6m▲ 4.7%
2024 · €22.6m
EBIT margin
1.8%▼ 0.8pp
2024 · 2.6%
Net result
€73,806▼ 56.3%
2024 · €168,890
Working capital
-€725,478▼ 24.0%
2024 · -€584,835
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 29% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Turnover€23.6m
2025
Operating result€0.4m
2025
Net result€0.07m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€8.0m
2025
Equity€0.5m
2025
Debt€7.5m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€0.7m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin1.8%
2025
Return on assets (ROA)0.9%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency5.7%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.90
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)353
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 80, Investigation and security activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€13.4m€18.2m▲ 36.3%€22.6m▲ 23.9%€23.6m▲ 4.7%
Operating result€0.07m--€0.01m€0.1m€0.2m▲ 13.0%€0.02m▼ 90.2%€0.3m▲ 1,752%€0.6m▲ 95.5%€0.4m▼ 28.6%
Net result-€0.005m--€0.06m▼ 989%€0.07mabove the sector's middle half€0.07mabove the sector's middle half▼ 3.4%-€0.09m€0.01m€0.2m▲ 1,068%€0.07mwithin the sector's middle half▼ 56.3%
EBIT margin0.1%1.7%▲ 1.5pp2.6%▲ 1.0pp1.8%▼ 0.8pp
Equity€0.01m--€0.05m€0.03mwithin the sector's middle half€0.1mwithin the sector's middle half▲ 261%€0.006m▼ 94.1%€0.02m▲ 250%€0.4m▲ 1,772%€0.5mwithin the sector's middle half▲ 19.5%
Total assets€2.1m-€2.4m▲ 13.6%€4.1mabove the sector's middle half▲ 68.1%€4.2mabove the sector's middle half▲ 3.7%€4.9m▲ 16.8%€6.9m▲ 40.4%€6.7m▼ 2.9%€8.0mwithin the sector's middle half▲ 18.3%
Debt€2.1m-€2.5m▲ 16.3%€4.0m▲ 63.9%€4.1m▲ 2.0%€4.9m▲ 19.4%€6.9m▲ 40.1%€6.3m▼ 8.1%€7.5m▲ 18.3%
Working capital-€0.08m--€0.2m▼ 101%-€0.2mbelow the sector's middle half▼ 10.6%-€0.1mbelow the sector's middle half▲ 27.4%-€0.6m▼ 338%-€0.6m▼ 10.7%-€0.6m▲ 8.9%-€0.7mbelow the sector's middle half▼ 24.0%
Solvency0.5%--1.9%▼ 2.4pp0.7%below the sector's middle half▲ 2.6pp2.3%below the sector's middle half▲ 1.6pp0.1%▼ 2.2pp0.3%▲ 0.2pp5.6%▲ 5.4pp5.7%below the sector's middle half▲ 0.1pp
Current ratio0.96-0.93▼ 0.030.95within the sector's middle half▲ 0.020.97within the sector's middle half▲ 0.010.88▼ 0.090.90▲ 0.030.91=0.90below the sector's middle half=
Return on assets (ROA)-0.2%--2.3%▼ 2.1pp1.8%within the sector's middle half▲ 4.1pp1.7%within the sector's middle half▼ 0.1pp-1.9%▼ 3.5pp0.2%▲ 2.1pp2.5%▲ 2.3pp0.9%within the sector's middle half▼ 1.6pp
Staff (FTE)92.2-104.7▲ 13.6%119above the sector's middle half▲ 13.7%198▲ 66.4%198.3▲ 0.2%277.6▲ 40.0%322.5▲ 16.2%353above the sector's middle half▲ 9.5%
above
within
below
the middle half of NACE 80, Investigation and security activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €8.0m
Fixed assets
€1.3m ▲ 22.0%
Current assets
€6.6m ▲ 17.6%
Equity and liabilities €8.0m
Equity
€452,944 ▲ 19.5%
Debt
€7.5m ▲ 18.3%
Debt's share of the balance-sheet total falls from 94.4% to 94.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€711,174▼
2024 · €848,855
Cash flow
€362,148▼
2024 · €425,152
Debt to equity
16.55▼
2024 · 16.72
ROE
16.3%▼
2024 · 44.5%
Interest coverage
2.97▲
2024 · 2.95
Debt ≤ 1 year
€7.3m▲
2024 · €6.2m
Debt > 1 year
€151,011▲
2024 · €125,839
Income taxes
€100,878▼
2024 · €128,747
Staff costs
€21.9m▲
2024 · €19.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 179 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 97.2% are still going.
- Large
- solvency under 10%
- a profit under 5% of the balance sheet
- without age
1.1%
went bankrupt
1.7%
stopped otherwise
97.2%
still going
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,474 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 179 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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | - | €14.7m | €19.9m | €24.6m | €25.8m | ▲ 4.8% |
| Turnover70 | - | - | - | - | €13.4m | €18.2m | €22.6m | €23.6m | ▲ 4.7% |
| Own construction capitalised72 | - | - | - | - | €0.1m | €0 | - | €0.2m | - |
| Other operating income74 | - | - | - | - | €1.1m | €1.7m | €2.0m | €2.0m | ▼ 1.7% |
| Non-recurring operating income76A | - | - | - | - | €0.005m | €0 | - | - | - |
| Operating charges60/66A | - | - | - | - | €14.6m | €19.6m | €24.0m | €25.4m | ▲ 5.6% |
| Goods for resale, raw materials and consumables60 | - | - | - | - | €1.7m | €1.1m | €2.1m | €1.1m | ▼ 50.5% |
| Purchases600/8 | - | - | - | - | €1.7m | €1.1m | €2.1m | €1.1m | ▼ 50.5% |
| Services and other goods61 | - | - | - | - | €1.4m | €1.7m | €2.0m | €2.1m | ▲ 4.1% |
| Remuneration, social security and pensions62 | - | - | - | €11.3m | €11.2m | €16.6m | €19.4m | €21.9m | ▲ 12.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.06m | €0.05m | €0.07m | €0.07m | €0.1m | €0.2m | €0.3m | €0.3m | ▲ 12.5% |
| Other operating charges640/8 | - | - | - | €0.04m | €0.08m | €0.004m | €0.06m | €0.03m | ▼ 54.1% |
| Non-recurring operating charges66A | - | - | - | - | €0.2m | €0 | €0.1m | €0 | ▼ 100% |
| Gross operating margin9900 | €6.8m | €6.8m | €8.1m | €11.6m | - | - | - | - | - |
| Operating profit (loss)9901 | €0.07m | -€0.01m | €0.1m | €0.2m | €0.02m | €0.3m | €0.6m | €0.4m | ▼ 28.6% |
| Financial income75/76B | - | - | - | €0.003m | €0.002m | €0.004m | €0.003m | €0.004m | ▲ 38.9% |
| Recurring financial income75 | €425 | €336 | €347 | €0.003m | €0.002m | €0.004m | €0.003m | €0.004m | ▲ 38.9% |
| Income from current assets751 | - | - | - | - | - | - | €0.001m | €0 | ▼ 100% |
| Other financial income752/9 | - | - | - | - | €0.002m | €0.004m | €0.002m | €0.004m | ▲ 84.1% |
| Financial charges65/66B | - | - | - | €0.06m | €0.08m | €0.2m | €0.3m | €0.3m | ▼ 15.3% |
| Recurring financial charges65 | €0.07m | €0.04m | €0.05m | €0.06m | €0.08m | €0.2m | €0.3m | €0.3m | ▼ 15.3% |
| Debt charges650 | - | - | - | - | €0.07m | €0.2m | €0.3m | €0.2m | ▼ 16.7% |
| Other financial charges652/9 | - | - | - | - | €0.007m | €0.008m | €0.01m | €0.01m | ▲ 22.4% |
| Profit (loss) for the period before taxes9903 | €0.004m | -€0.05m | €0.1m | €0.1m | -€0.06m | €0.08m | €0.3m | €0.2m | ▼ 41.3% |
| Income taxes67/77 | €0.009m | €0.002m | €0.03m | €0.04m | €0.03m | €0.07m | €0.1m | €0.1m | ▼ 21.6% |
| Taxes670/3 | - | - | - | - | €0.03m | €0.07m | €0.1m | €0.1m | ▼ 21.6% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | - | - | €0.001m | €0 | - | - |
| Profit (loss) for the period9904 | -€0.005m | -€0.06m | €0.07m | €0.07m | -€0.09m | €0.01m | €0.2m | €0.07m | ▼ 56.3% |
| Profit (loss) for the period to be appropriated9905 | -€0.005m | -€0.06m | €0.07m | €0.07m | -€0.09m | €0.01m | €0.2m | €0.07m | ▼ 56.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €2.1m | €2.4m | €4.1m | €4.2m | €4.9m | €6.9m | €6.7m | €8.0m | ▲ 18.3% |
| Fixed assets21/28 | €0.09m | €0.1m | €0.2m | €0.2m | €0.8m | €0.9m | €1.1m | €1.3m | ▲ 22.0% |
| Intangible fixed assets21 | - | - | €0.005m | €0.003m | €0.01m | €0.02m | €0.08m | €0.3m | ▲ 297% |
| Tangible fixed assets22/27 | €0.09m | €0.1m | €0.1m | €0.2m | €0.4m | €0.5m | €0.6m | €0.6m | ▼ 0.5% |
| Land and buildings22 | - | - | - | €230 | - | - | €0.005m | €0.004m | ▼ 10.4% |
| Plant, machinery and equipment23 | - | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 10.1% |
| Furniture and vehicles24 | - | - | - | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | ▼ 10.1% |
| Other tangible fixed assets26 | - | - | - | €0.04m | €0.04m | €0.03m | €0.2m | €0.2m | ▲ 17.7% |
| Financial fixed assets28 | €0.005m | €0.005m | €0.07m | €0.07m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Affiliated companies280/1 | - | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Participating interests280 | - | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Other financial fixed assets284/8 | - | - | - | - | €0.007m | €0.03m | €0.03m | €0.03m | = |
| Amounts receivable and cash guarantees285/8 | - | - | - | - | €0.007m | €0.03m | €0.03m | €0.03m | = |
| Current assets29/58 | €2.0m | €2.3m | €3.9m | €4.0m | €4.2m | €6.0m | €5.6m | €6.6m | ▲ 17.6% |
| Amounts receivable after more than one year29 | - | - | - | €0.04m | €0.04m | €0 | €0.02m | €0 | ▼ 100% |
| Other amounts receivable291 | - | - | - | €0.04m | €0.04m | €0 | €0.02m | €0 | ▼ 100% |
| Stocks and contracts in progress3 | - | - | - | - | €0 | - | - | €0 | - |
| Amounts receivable within one year40/41 | €2.0m | €2.2m | €3.7m | €3.9m | €3.6m | €5.8m | €5.2m | €5.5m | ▲ 6.9% |
| Trade receivables40 | - | - | - | €3.6m | €3.4m | €5.4m | €4.8m | €5.1m | ▲ 5.3% |
| Other amounts receivable41 | - | - | - | €0.3m | €0.1m | €0.4m | €0.3m | €0.4m | ▲ 29.6% |
| Cash at bank and in hand54/58 | €0.02m | €0.06m | €0.1m | €0.06m | €0.5m | €0.2m | €0.3m | €1.0m | ▲ 188% |
| Deferred charges and accrued income490/1 | - | - | - | €0.007m | €0.07m | €0.07m | €0.1m | €0.1m | ▲ 30.0% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €2.1m | €2.4m | €4.1m | €4.2m | €4.9m | €6.9m | €6.7m | €8.0m | ▲ 18.3% |
| Equity10/15 | €0.01m | -€0.05m | €0.03m | €0.1m | €0.006m | €0.02m | €0.4m | €0.5m | ▲ 19.5% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.2m | €0.2m | = |
| Reserves13 | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | = |
| Non-distributable reserves130/1 | - | - | - | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | = |
| Reserves not available under the articles1311 | - | - | - | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | = |
| Profit (loss) carried forward14 | -€0.02m | -€0.07m | €440 | €0.07m | -€0.02m | -€0.006m | €0.2m | €0.2m | ▲ 45.4% |
| Amounts payable17/49 | €2.1m | €2.5m | €4.0m | €4.1m | €4.9m | €6.9m | €6.3m | €7.5m | ▲ 18.3% |
| Amounts payable after more than one year17 | - | - | - | - | €0.2m | €0.2m | €0.1m | €0.2m | ▲ 20.0% |
| Financial debts170/4 | - | - | - | - | €0.2m | €0.2m | €0.1m | €0.2m | ▲ 20.0% |
| Subordinated loans170 | - | - | - | - | €0.2m | €0.2m | €245 | €0 | ▼ 100% |
| Credit institutions173 | - | - | - | - | - | €0.03m | €0.1m | €0.2m | ▲ 20.2% |
| Amounts payable within one year42/48 | €2.1m | €2.5m | €4.0m | €4.1m | €4.7m | €6.7m | €6.2m | €7.3m | ▲ 18.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.01m | - | €0.3m | €0.5m | €0.1m | ▼ 75.5% |
| Financial debts43 | - | - | - | €0.8m | €1.2m | €1.3m | €1.1m | €1.7m | ▲ 60.2% |
| Credit institutions430/8 | - | - | - | €0.8m | €0.9m | €1.3m | €1.1m | €1.7m | ▲ 60.2% |
| Other loans439 | - | - | - | - | €0.3m | - | - | - | - |
| Trade debts44 | €1.1m | €1.2m | €1.9m | €1.2m | €1.6m | €1.1m | €1.4m | €1.4m | ▲ 1.5% |
| Suppliers440/4 | - | - | - | €1.2m | €1.6m | €1.1m | €1.4m | €1.4m | ▲ 1.5% |
| Taxes, remuneration and social security45 | - | - | - | €1.9m | €1.9m | €4.0m | €3.3m | €4.1m | ▲ 24.0% |
| Taxes450/3 | - | - | - | €0.4m | €0.5m | €0.6m | €0.8m | €0.7m | ▼ 7.7% |
| Remuneration and social security454/9 | - | - | - | €1.5m | €1.4m | €3.4m | €2.6m | €3.4m | ▲ 33.5% |
| Other amounts payable47/48 | - | - | - | €0.2m | - | - | €0.001m | €0.01m | ▲ 2,330% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,188 | -€56,526 | €72,966 | €70,522 | -€91,780 | €14,457 | €168,890 | €73,806 | ▼ 56.3% |
| + Depreciation and write-downs630 | €57,512 | €51,898 | €65,905 | €74,705 | €106,701 | €209,636 | €256,263 | €288,342 | ▲ 12.5% |
| Operating cash flow (approximation) | €52,324 | -€4,628 | €138,871 | €145,226 | €14,921 | €224,093 | €425,152 | €362,148 | ▼ 14.8% |
| Investment in fixed assets (approximation) | - | -€78,103 | -€156,373 | -€95,331 | -€652,754 | -€320,149 | -€459,485 | -€527,963 | ▼ 14.9% |
| Change in cash | - | €36,925 | €76,258 | -€75,985 | €427,963 | -€273,287 | €121,141 | €622,644 | ▲ 414% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 18 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 26-06-2026 | 2026-00217266 |
| 31-12-2024 | unclassified schema | 23-06-2025 | 2025-00163357 |
| 31-12-2023 | unclassified schema | 10-07-2024 | 2024-00229477 |
| 31-12-2022 | unclassified schema | 19-07-2023 | 2023-00256113 |
| 31-12-2021 | micro format | 25-08-2022 | 2022-20328115 |
| 31-12-2020 | micro format | 24-06-2021 | 2021-24300572 |
| 31-12-2019 | full format | 04-08-2020 | 2020-39100114 |
| 31-12-2018 | full format | 26-09-2019 | 2019-66200429 |
| 31-12-2017 | full format | 23-07-2018 | 2018-36500304 |
| 31-12-2016 | full format | 29-06-2017 | 2017-24300562 |
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RAAMOVEREENKOMST VIA VEREENVOUDIGDE ONDERHANDELINGSPROCEDURE MET VOORAFGAANDE BEKENDMAKING BETREFFENDE EEN OPDRACHT VAN AD HOC BEWAKINGSDIENSTEN UITGESCHREVEN DOOR DE FOD BINNENLANDSE ZAKEN OM TEGEMOET TE KOMEN AAN DE EIGEN BEHOEFTEN ZOALS BEPAALD IN DIT BESTEK: IBZ/B&BB& CG/2024/BEWAK-M4 - 1 - Brussels Hoofdstedelijk Gewest
RAAMOVEREENKOMST VIA VEREENVOUDIGDE ONDERHANDELINGSPROCEDURE MET VOORAFGAANDE BEKENDMAKING BETREFFENDE EEN OPDRACHT VAN AD HOC BEWAKINGSDIENSTEN UITGESCHREVEN DOOR DE FOD BINNENLANDSE ZAKEN OM TEGEMOET TE KOMEN AAN DE EIGEN BEHOEFTEN ZOALS BEPAALD IN DIT BESTEK: IBZ/B&BB& CG/2024/BEWAK-M4 - 2 - Vlaams Gewest
RAAMOVEREENKOMST VIA VEREENVOUDIGDE ONDERHANDELINGSPROCEDURE MET VOORAFGAANDE BEKENDMAKING BETREFFENDE EEN OPDRACHT VAN AD HOC BEWAKINGSDIENSTEN UITGESCHREVEN DOOR DE FOD BINNENLANDSE ZAKEN OM TEGEMOET TE KOMEN AAN DE EIGEN BEHOEFTEN ZOALS BEPAALD IN DIT BESTEK: IBZ/B&BB& CG/2024/BEWAK-M4 - 3 - Waals Gewest
BRUXELLES - NETWORKS NØR - gardiennage statique: RDGB-BRU-2024-232316-13 - 1
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. Values as the buyer published them; for a framework agreement, a ceiling.