Inter Belgium Security
ActiveSummary
Inter Belgium Security has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €151,237 and a net result of €8,909. Equity is growing by ~7.3% per year across the filed fiscal years. Its solvency ranks better than 19% of 3557 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability50▼-5
Solvency42=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity tight (current ratio 1.3 against 1.44 in 2023; short-term debt: 56.4% and cash: 9.4% of total assets), and 82.5% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six 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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← 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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 3557 sector peers (2024).
NBB · sector comparisonPosition among 3557 sector peers
Solvency
better than 19%
← weakest
strongest →
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 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 d early
2024
59 d early
2023
8 d early
2022
66 d early
2021
75 d early
2020
100 d early
2019
91 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 36 days before the deadline; the sector median for financial year 2024 is 1 day 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 2 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€8,909▼ 7.5%
2023 · €9,632
Working capital
€144,111▼ 18.8%
2023 · €177,478
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Line20202021202220232024
Operating result€26,905€11,527▼ 57.2%€20,140▲ 74.7%€25,131▲ 24.8%€27,777▲ 10.5%
Net result€14,958within the sector's middle half-€10,096below the sector's middle half€8,264within the sector's middle half€9,632within the sector's middle half▲ 16.6%€8,909within the sector's middle half▼ 7.5%
Equity€134,528within the sector's middle half€124,431within the sector's middle half▼ 7.5%€132,695within the sector's middle half▲ 6.6%€142,328within the sector's middle half▲ 7.3%€151,237within the sector's middle half▲ 6.3%
Total assets€678,158within the sector's middle half▼ 1.8%€740,485within the sector's middle half▲ 9.2%€696,514within the sector's middle half▼ 5.9%€827,299within the sector's middle half▲ 18.8%€864,700within the sector's middle half▲ 4.5%
Debt€535,473▼ 23.2%€604,241▲ 12.8%€554,711▼ 8.2%€674,570▲ 21.6%€705,606▲ 4.6%
Working capital€207,365within the sector's middle half▲ 19.6%€161,823within the sector's middle half▼ 22.0%€194,910within the sector's middle half▲ 20.4%€177,478within the sector's middle half▼ 8.9%€144,111within the sector's middle half▼ 18.8%
Solvency19.8%within the sector's middle half▲ 22.8pp16.8%below the sector's middle half▼ 3.0pp19.1%below the sector's middle half▲ 2.2pp17.2%below the sector's middle half▼ 1.8pp17.5%below the sector's middle half▲ 0.3pp
Current ratio1.54within the sector's middle half▲ 0.101.37within the sector's middle half▼ 0.171.53within the sector's middle half▲ 0.161.44within the sector's middle half▼ 0.091.30within the sector's middle half▼ 0.14
Return on assets (ROA)2.2%within the sector's middle half▲ 14.8pp-1.4%below the sector's middle half▼ 3.6pp1.2%within the sector's middle half▲ 2.5pp1.2%within the sector's middle half=1.0%within the sector's middle half▼ 0.1pp
Staff (FTE)17.8above the sector's middle half▼ 12.7%18.5above the sector's middle half▲ 3.9%18.6above the sector's middle half▲ 0.5%16.5within the sector's middle half▼ 11.3%18.3within the sector's middle half▲ 10.9%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 11% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €864,700
Fixed assets
€232,548 ▼ 4.3%
Current assets
€632,153 ▲ 8.2%
Equity and liabilities €864,700
Equity
€151,237 ▲ 6.3%
Provisions
€7,858 ▼ 24.5%
Debt
€705,606 ▲ 4.6%
Debt's share of the balance-sheet total rises from 81.5% to 81.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€89,648▲
2023 · €81,933
Cash flow
€70,780▲
2023 · €66,435
Quick ratio
1.10▼
2023 · 1.19
Debt to equity
4.67▼
2023 · 4.74
ROE
5.9%▼
2023 · 6.8%
Interest coverage
3.64▼
2023 · 4.20
Debt ≤ 1 year
€488,042▲
2023 · €406,722
Debt > 1 year
€101,171▼
2023 · €120,205
Income taxes
€997▲
2023 · €896
Staff costs
€1.1m▲
2023 · €958,028
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,681 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.1%
went bankrupt
2.0%
stopped otherwise
97%
still going
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 497,338 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% | 1.9% |
| 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% 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 4,681 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €56,044 | €11,503 | €14,260 | ▲ 24.0% |
| Remuneration, social security and pensions62 | - | €914,890 | €940,578 | €958,028 | €1.1m | ▲ 14.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €42,861 | €52,710 | €46,670 | €56,802 | €61,871 | ▲ 8.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €8,428 | -€5,065 | -€1,071 | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €3,656 | -€2,705 | €1,294 | -€2,544 | ▼ 297% |
| Other operating charges640/8 | - | €8,305 | €5,750 | €7,466 | €1,981 | ▼ 73.5% |
| Non-recurring operating charges66A | - | - | €10,140 | - | - | - |
| Gross operating margin9900 | €811,350 | €999,515 | €1.0m | €1.0m | €1.2m | ▲ 13.6% |
| Operating profit (loss)9901 | €26,905 | €11,527 | €20,140 | €25,131 | €27,777 | ▲ 10.5% |
| Financial income75/76B | - | €3,143 | €4,784 | €4,906 | €6,752 | ▲ 37.6% |
| Recurring financial income75 | €2,723 | €3,143 | €4,784 | €4,906 | €6,752 | ▲ 37.6% |
| Financial charges65/66B | - | €24,040 | €15,826 | €19,509 | €24,624 | ▲ 26.2% |
| Recurring financial charges65 | €14,100 | €24,040 | €15,826 | €19,509 | €24,624 | ▲ 26.2% |
| Profit (loss) for the period before taxes9903 | €15,528 | -€9,370 | €9,097 | €10,528 | €9,906 | ▼ 5.9% |
| Income taxes67/77 | €570 | €727 | €833 | €896 | €997 | ▲ 11.3% |
| Profit (loss) for the period9904 | €14,958 | -€10,096 | €8,264 | €9,632 | €8,909 | ▼ 7.5% |
| Profit (loss) for the period to be appropriated9905 | €14,958 | -€10,096 | €8,264 | €9,632 | €8,909 | ▼ 7.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €678,158 | €740,485 | €696,514 | €827,299 | €864,700 | ▲ 4.5% |
| Fixed assets21/28 | €84,880 | €138,349 | €134,732 | €243,100 | €232,548 | ▼ 4.3% |
| Intangible fixed assets21 | €20,840 | €14,566 | €13,485 | €31,638 | €34,748 | ▲ 9.8% |
| Tangible fixed assets22/27 | €64,040 | €123,783 | €121,247 | €161,462 | €147,799 | ▼ 8.5% |
| Plant, machinery and equipment23 | - | €9,805 | €4,537 | - | €1,365 | - |
| Furniture and vehicles24 | - | €53,351 | €41,085 | €40,644 | €26,231 | ▼ 35.5% |
| Leasing and similar rights25 | - | €42,844 | €61,534 | €109,872 | €112,403 | ▲ 2.3% |
| Other tangible fixed assets26 | - | €17,783 | €14,091 | €10,946 | €7,800 | ▼ 28.7% |
| Financial fixed assets28 | - | - | - | €50,000 | €50,000 | = |
| Current assets29/58 | €593,278 | €602,135 | €561,781 | €584,199 | €632,153 | ▲ 8.2% |
| Stocks and contracts in progress3 | €80,975 | €85,905 | €95,191 | €100,512 | €95,095 | ▼ 5.4% |
| Stocks30/36 | - | €85,905 | €95,191 | €100,512 | €95,095 | ▼ 5.4% |
| Amounts receivable within one year40/41 | €412,720 | €314,822 | €179,345 | €307,286 | €436,552 | ▲ 42.1% |
| Trade receivables40 | - | €313,744 | €175,209 | €262,501 | €406,552 | ▲ 54.9% |
| Other amounts receivable41 | - | €1,079 | €4,136 | €44,785 | €30,000 | ▼ 33.0% |
| Cash at bank and in hand54/58 | €79,545 | €151,016 | €229,968 | €149,976 | €81,601 | ▼ 45.6% |
| Deferred charges and accrued income490/1 | - | €50,392 | €57,277 | €26,425 | €18,906 | ▼ 28.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €678,158 | €740,485 | €696,514 | €827,299 | €864,700 | ▲ 4.5% |
| Equity10/15 | €134,528 | €124,431 | €132,695 | €142,328 | €151,237 | ▲ 6.3% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | - | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | - | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €72,844 | €62,931 | €70,844 | €79,844 | €79,844 | = |
| Non-distributable reserves130/1 | - | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Legal reserve130 | - | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Tax-exempt reserves132 | - | €46,694 | €46,694 | €46,694 | €46,694 | = |
| Distributable reserves133 | - | €10,087 | €18,000 | €27,000 | €27,000 | = |
| Profit (loss) carried forward14 | €183 | - | €351 | €983 | €9,892 | ▲ 906% |
| Provisions and deferred taxes16 | €8,157 | €11,813 | €9,108 | €10,402 | €7,858 | ▼ 24.5% |
| Provisions for liabilities and charges160/5 | - | €11,813 | €9,108 | €10,402 | €7,858 | ▼ 24.5% |
| Other liabilities and charges164/5 | - | €11,813 | €9,108 | €10,402 | €7,858 | ▼ 24.5% |
| Amounts payable17/49 | €535,473 | €604,241 | €554,711 | €674,570 | €705,606 | ▲ 4.6% |
| Amounts payable after more than one year17 | - | €46,955 | €49,163 | €120,205 | €101,171 | ▼ 15.8% |
| Financial debts170/4 | - | €46,955 | €49,163 | €120,205 | €101,171 | ▼ 15.8% |
| Amounts payable within one year42/48 | €385,913 | €440,313 | €366,872 | €406,722 | €488,042 | ▲ 20.0% |
| Current portion of amounts payable after more than one year42 | - | €56,951 | €139,126 | €136,298 | €83,437 | ▼ 38.8% |
| Financial debts43 | - | - | - | - | €49,443 | - |
| Other loans439 | - | - | - | - | €49,443 | - |
| Trade debts44 | €109,939 | €173,324 | €132,069 | €148,379 | €184,876 | ▲ 24.6% |
| Suppliers440/4 | - | €173,324 | €132,069 | €148,379 | €184,876 | ▲ 24.6% |
| Taxes, remuneration and social security45 | - | €72,196 | €77,885 | €70,755 | €84,494 | ▲ 19.4% |
| Taxes450/3 | - | €1,297 | €1,558 | €895 | €7,004 | ▲ 683% |
| Remuneration and social security454/9 | - | €70,899 | €76,327 | €69,860 | €77,490 | ▲ 10.9% |
| Other amounts payable47/48 | - | €137,842 | €17,792 | €51,290 | €85,792 | ▲ 67.3% |
| Accrued charges and deferred income492/3 | - | €116,973 | €138,677 | €147,643 | €116,393 | ▼ 21.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,958 | -€10,096 | €8,264 | €9,632 | €8,909 | ▼ 7.5% |
| + Depreciation and write-downs630 | €42,861 | €52,710 | €46,670 | €56,802 | €61,871 | ▲ 8.9% |
| Operating cash flow (approximation) | €57,818 | €42,614 | €54,934 | €66,435 | €70,780 | ▲ 6.5% |
| Investment in fixed assets (approximation) | - | -€106,180 | -€43,053 | -€165,170 | -€51,318 | ▲ 68.9% |
| Change in cash | - | €71,471 | €78,952 | -€79,992 | -€68,375 | ▲ 14.5% |
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
24-07
State Gazette act
Permanent representative: Michel VerstraelenReappointment: SRL ANT Consulting (managing director)4 facts ▸
State Gazette act
Permanent representative: Michel Verstraelen
Reappointment: SRL ANT Consulting (managing director)4 facts ▸
- General meeting, 26-06-2026
- Permanent representative, Michel Verstraelen (permanent representative)
- Director in office, Jérémy Verstraelen (director)
- Director reappointment, SRL ANT Consulting (managing director)
26-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €150,000Eq €151,237 ▲6.3%
3 profitable years in a row build equity to €151,237.
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
26-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €8,264
Net result €8,264 after one loss-making year.
17-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
22-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €14,958
Net result €14,958 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €134,528
Equity rises from -€20,638 to €134,528.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 91 days late
Show earlier events
2019
31-12
Financial
Weakest financial yearnet -€87,193
Net result drops to -€87,193, the lowest in the series; recovery starts the following year.
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 9 acts read
About the unread acts
Of the 9 Belgian State Gazette acts we know for this company, 1 has been read. The other 8 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 office holder, last change in 2026
Day-to-day management 1
SRL ANT Consulting
CurrentManaging director · since 26-06-2026 · Legal entity · perm. rep.: Michel Verstraelen
Permanent representatives 1
Michel Verstraelen
CurrentPermanent representative · since 26-06-2026 · for SRL ANT Consulting
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
8 of this company's 9 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Grez-Doiceau · 1 establishment unit since 1984
Ground area
5,302 m²
Building footprint
581 m²
Parcel 25001B0046/00S000, Wallonia. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Chaussée de Wavre 130, 1390 Grez-Doiceau
since 19842.032.171.675
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25001B0046/00S000 | Wallonia | 5,301 m² | 1 · 581 m² | - |
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.
Mandate history
1 person since 2026, 1 in office
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| SRL ANT Consulting |
|
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
90%
According to the 2024 annual accounts of Inter Belgium Security and those of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
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Recognitions · licences · registrations
Recognised contractor
1 categoryInter Belgium Security SA30399
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Of 4,094 companies in sector 43240 we hold annual accounts for 1,635. 1,349 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded07-11-1984
Fiscal year end31-12
Abbreviation FR
I.B.S.
Activities, NACEBEL 2025
43211General electrical installation work
43240Other construction installation
Contact
Phone
010/22.56.22Grez-Doiceau
E-invoicing
Reachable via Peppol
Peppol ID
0208:0426405367
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.