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 80 sector peers (NACE 80, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
- Staff
- 353 FTE
- Equity
- €452,944
- Profit
- €73,806
- Holdings
- 2
Why 83raises riskEquity €452,944 (5.7% of total assets)lowers riskSize: turnover €23.6m, 353 FTE, total assets €8.0mLiquidity: current ratio 0.90, cash €954,162Figures for financial year 2025 (filed 26-06-2026)Show the evidence
Checked score
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 (all companies): better than 15% on solvency, 11% on liquidity, 30% on profitability and 68% on growth.
The bankruptcy probability was computed on 22-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 16 days before the deadline; the sector median (NACE 80) for financial year 2024 is 2 days before the deadline, and 42% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Reappointment: LVM Audit Services Réviseurs d'Entreprises…Power of attorney
- Purpose · Amendment of the articles…Purpose change · Power of…
Financials · financial year 2025, full format
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.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
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).
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
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 497,473 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.
| 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 |
Similar companies · same sector, comparable size
Public contracts
Show 8 more contracts
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. Values as the buyer published them; for a framework agreement, a ceiling.
Directors
Statutory auditor 1
Mandate history
- Statutory auditor
| Name | Functions and periods |
|---|---|
| LVM Audit Services Réviseurs d'Entreprises |
|
Owners and capital
Owners
2 ownersOwners 2
- Lionel Reulnatural personSourceown accounts 202569.85%
- Sébastien Bourgysnatural personSourceown accounts 202530.15%
According to the 2025 annual accounts of HIGH SECURITY and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Holdings and subsidiaries
2 holdingsHoldings 2
Source for every holding own accounts 2025
- HIGH SYSTEMSsubsidiaryEquity €101,740Result €26,97169.29%
- HIGH SECURITY SOLUTIONSsubsidiaryEquity €6,362Result €51,59351%
According to the 2025 annual accounts of HIGH SECURITY and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
No directors read yet: 3 of 12 Gazette acts processed.
History
Acts, filings and financial milestones
06-01
Gazette deed
Reappointment: LVM Audit Services Réviseurs d'Entreprises (statutory auditor)Power of attorney3 facts ▸
- Auditor reappointment, LVM Audit Services Réviseurs d'Entreprises (statutory auditor)
- Power of attorney, Bruno DEGUELDRE
- Power of attorney, Matthieu FALISE
03-12
Gazette deed
Purpose · Amendment of the articles · MiscellaneousPurpose change · Power of attorney5 facts ▸
- General meeting, 27-11-2025
- Purpose change
- General meeting, “unanimité des voix, Première résolution : Modification de l’objet” (deed in French)
- Power of attorney
- General meeting, “unanimité des voix, Deuxième résolution : Pouvoirs” (deed in French)
Show earlier events
About the unread acts
Of the 12 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 9 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 23 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Legal Entity Identifier
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 25071D0370/00K000 | Wallonia | 1,632 m² | 1 · 481 m² | 11.1 m · 3 |
How the parcels are linked
Articles of association
- PurposeThe activities the company may carry out under its articles.
- “Toute mission ou activité de surveillance, de gardiennage, de garde et autres activités de protection et sécurité privé, portiers, garde du…” (deed in French)deed of 03-12-2025
5 activities (deed in French)
- Toute mission ou activité de surveillance, de gardiennage, de garde et autres activités de protection et sécurité privé, portiers, garde du corps, protection rapprochée, intervention après alarme, surveillances d'habitations, bureaux, usines, chantiers, hôtels etcetera
- Toutes activités de conception, d’installation, d’entretien et de réparation de systèmes de caméras et camérasurveillance
- Toutes activités de conception, d’installation, d’entretien et de réparation de systèmes d’alarmes
- Surveillance et contrôle de personnes dans le cadre du maintien de la sécurité dans les lieux accessibles ou non au public
- Toutes tâches de surveillance et protection de transport, contrôle d'accès, maître chiens, aviser et résoudre toute sorte de problème de sécurité, et en général tout ce qui est relatif à un agent de sécurité
- Other provisionsOther rules from the articles that fall under none of the themes above.
- 1 more provision in the deed, see the deed of 06-01-2026
Read from the deeds: 2 provisions, deed of 06-01-2026