IQ SECURITY
ActiveSummary
IQ SECURITY has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€215,809) and a net result of €159,737. Equity is shrinking by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 6% of 103 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+13
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.17 against 0.05 in 2023; short-term debt: 426.6% and cash: 1.1% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-326.6%
Return on assets
241.7%
Age of the figures
21 mo
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 · 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 →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 6% of 103 sector peers (2024).
NBB · sector comparisonPosition among 103 sector peers
Solvency
better than 6%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-10-2025, 71 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
not confirmed
2024
71 d late
2023
30 d late
2022
70 d late
2021
61 d late
2020
61 d late
2019
140 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 72 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 (1)
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
€159,737▲ 132%
2023 · €68,960
Working capital
-€234,323▲ 39.3%
2023 · -€386,213
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€88,625▲ 65.5%-€32,190▲ 63.7%€45,576€89,145▲ 95.6%€172,182▲ 93.1%
Net result-€100,161▲ 66.9%-€64,875▲ 35.2%€17,332€68,960▲ 298%€159,737▲ 132%
Equity-€396,964▼ 33.7%-€461,839▼ 16.3%-€444,507▲ 3.8%-€375,546▲ 15.5%-€215,809▲ 42.5%
Total assets€171,753▼ 26.1%€34,927▼ 79.7%€116,926▲ 235%€31,528▼ 73.0%€66,080▲ 110%
Debt€568,717▲ 7.5%€496,766▼ 12.7%€561,433▲ 13.0%€407,075▼ 27.5%€281,889▼ 30.8%
Working capital-€424,533▼ 34.1%-€481,072▼ 13.3%-€461,304▲ 4.1%-€386,213▲ 16.3%-€234,323▲ 39.3%
Staff (FTE)5.5▼ 59.3%3.3▼ 40.0%0.7▼ 78.8%1▲ 42.9%1.1▲ 10.0%
Why a figure moved sharply
- 2021 Total assets -80% on 2020. Cause not known from the registers.
- 2020 Net result +67%, Staff (FTE) -59% on 2019. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 93% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €66,080
Fixed assets
€18,514 ▲ 67.9%
Current assets
€47,566 ▲ 132%
Key figures and ratios
EBITDA
€175,972▲
2023 · €93,029
Cash flow
€163,528▲
2023 · €72,844
Solvency
-326.6%
Current ratio
0.17▲
2023 · 0.05
Debt to equity
-1.31▼
2023 · -1.08
ROA
241.7%▲
2023 · 218.7%
Interest coverage
13.94▲
2023 · 4.50
Debt ≤ 1 year
€281,889▼
2023 · €406,713
Staff costs
€68,842▲
2023 · €68,633
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,639 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
4.9%
stopped otherwise
92%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,058 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% | 1.6% |
| 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 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 3,639 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 | - | €250 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €209,461 | €50,839 | €68,633 | €68,842 | ▲ 0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,560 | €5,263 | €4,948 | €3,884 | €3,790 | ▼ 2.4% |
| Other operating charges640/8 | - | €2,053 | €5,864 | €4,963 | €1,404 | ▼ 71.7% |
| Non-recurring operating charges66A | - | €2,823 | - | - | - | - |
| Gross operating margin9900 | €239,252 | €187,410 | €107,228 | €166,625 | €246,218 | ▲ 47.8% |
| Operating profit (loss)9901 | -€88,625 | -€32,190 | €45,576 | €89,145 | €172,182 | ▲ 93.1% |
| Financial income75/76B | - | €138 | €2,107 | €495 | €175 | ▼ 64.6% |
| Recurring financial income75 | €961 | €138 | €2,107 | €495 | €175 | ▼ 64.6% |
| Financial charges65/66B | - | €32,759 | €30,351 | €20,680 | €12,619 | ▼ 39.0% |
| Recurring financial charges65 | €11,163 | €32,759 | €30,351 | €20,680 | €12,619 | ▼ 39.0% |
| Profit (loss) for the period before taxes9903 | -€98,827 | -€64,812 | €17,332 | €68,960 | €159,737 | ▲ 132% |
| Income taxes67/77 | €1,334 | €63 | - | - | - | - |
| Profit (loss) for the period9904 | -€100,161 | -€64,875 | €17,332 | €68,960 | €159,737 | ▲ 132% |
| Profit (loss) for the period to be appropriated9905 | -€100,161 | -€64,875 | €17,332 | €68,960 | €159,737 | ▲ 132% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €171,753 | €34,927 | €116,926 | €31,528 | €66,080 | ▲ 110% |
| Fixed assets21/28 | €27,569 | €19,233 | €17,041 | €11,028 | €18,514 | ▲ 67.9% |
| Intangible fixed assets21 | €3,277 | €2,477 | €1,677 | €877 | €77 | ▼ 91.3% |
| Tangible fixed assets22/27 | €24,078 | €16,542 | €15,150 | €9,937 | €18,263 | ▲ 83.8% |
| Furniture and vehicles24 | - | €1,428 | €2,624 | - | €10,715 | - |
| Other tangible fixed assets26 | - | €15,114 | €12,525 | €9,937 | €7,548 | ▼ 24.0% |
| Financial fixed assets28 | €214 | €214 | €214 | €214 | €174 | ▼ 18.7% |
| Current assets29/58 | €144,184 | €15,694 | €99,886 | €20,500 | €47,566 | ▲ 132% |
| Amounts receivable within one year40/41 | €134,444 | €15,060 | €98,139 | €20,325 | €45,485 | ▲ 124% |
| Trade receivables40 | - | €13,785 | €98,019 | €20,256 | €19,785 | ▼ 2.3% |
| Other amounts receivable41 | - | €1,275 | €120 | €68 | €25,701 | ▲ 37,568% |
| Cash at bank and in hand54/58 | €5,591 | €285 | €151 | €175 | €700 | ▲ 299% |
| Deferred charges and accrued income490/1 | - | €350 | €1,595 | - | €1,380 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €171,753 | €34,927 | €116,926 | €31,528 | €66,080 | ▲ 110% |
| Equity10/15 | -€396,964 | -€461,839 | -€444,507 | -€375,546 | -€215,809 | ▲ 42.5% |
| Contributions10/11 | - | €18,900 | €18,900 | €18,900 | €18,900 | = |
| Reserves13 | €1,890 | €1,890 | €1,890 | €1,890 | €1,890 | = |
| Non-distributable reserves130/1 | - | €1,890 | €1,890 | €1,890 | €1,890 | = |
| Reserves not available under the articles1311 | - | €1,890 | €1,890 | €1,890 | €1,890 | = |
| Profit (loss) carried forward14 | -€417,754 | -€482,629 | -€465,297 | -€396,336 | -€236,599 | ▲ 40.3% |
| Amounts payable17/49 | €568,717 | €496,766 | €561,433 | €407,075 | €281,889 | ▼ 30.8% |
| Amounts payable within one year42/48 | €568,717 | €496,766 | €561,189 | €406,713 | €281,889 | ▼ 30.7% |
| Financial debts43 | - | €33,505 | €33,577 | €36,036 | €34,409 | ▼ 4.5% |
| Credit institutions430/8 | - | €33,505 | €33,577 | €36,036 | €34,409 | ▼ 4.5% |
| Trade debts44 | €214,348 | €34,229 | €128,707 | €74,444 | €108,582 | ▲ 45.9% |
| Suppliers440/4 | - | €34,229 | €128,707 | €74,444 | €108,582 | ▲ 45.9% |
| Taxes, remuneration and social security45 | - | €321,956 | €285,932 | €231,054 | €88,973 | ▼ 61.5% |
| Taxes450/3 | - | €1,397 | €291 | €34 | - | - |
| Remuneration and social security454/9 | - | €320,559 | €285,641 | €231,020 | €88,973 | ▼ 61.5% |
| Other amounts payable47/48 | - | €107,076 | €112,973 | €65,178 | €49,924 | ▼ 23.4% |
| Accrued charges and deferred income492/3 | - | - | €244 | €362 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€100,161 | -€64,875 | €17,332 | €68,960 | €159,737 | ▲ 132% |
| + Depreciation and write-downs630 | €5,560 | €5,263 | €4,948 | €3,884 | €3,790 | ▼ 2.4% |
| Operating cash flow (approximation) | -€94,601 | -€59,612 | €22,281 | €72,844 | €163,528 | ▲ 124% |
| Investment in fixed assets (approximation) | - | €3,073 | -€2,756 | €2,129 | -€11,276 | ▼ 630% |
| Change in cash | - | -€5,306 | -€133 | €24 | €525 | ▲ 2,075% |
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
2025
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 71 days late
2024
31-12
Financial
Highest result since 2018net €159,737 ▲132%
Operating result €172,182, net result €159,737, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 70 days late
2022
31-12
Financial
Back to profitnet €17,332
Net result €17,332 after 4 loss-making years.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 61 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 61 days late
2020
18-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 140 days late
2019
31-12
Financial
Weakest financial yearnet -€302,787
Net result drops to -€302,787, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
03-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 3 days late
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
16-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Waterloo · 1 establishment unit since 2012
Ground area
388 m²
Building footprint
544 m²
Volume, LiDAR
3,407 m³
Parcel 25762H0860/00C000, Wallonia · tallest building 11.7 m, ±2 floors. Linked by address, not a title deed.
13
companies at this address
See who is registered here
1 establishment unit
IQ SECURITY
since 20122.207.768.894
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25762H0860/00C000 | Wallonia | 388 m² | 1 · 544 m² | 11.7 m · 2 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.
Structure & network
Owners and holdings
1 ownerChain of control
- IQ GROUP
- IQ SECURITY
Highest known parent: IQ GROUP. The sources do not say who stands above it.
Owners 1
- IQ GROUPparentSourceaccounts IQ GROUP 2024100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts 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
No current directors or connected companies found in the register.
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Of 700 companies in sector 80010 we hold annual accounts for 349. 124 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)
Founded08-03-2012
Fiscal year end31-12
Activities, NACEBEL 2025
80010Investigation and private security services
Contact
Website
www.iqsecurity.be
E-mail
info@iqsecurity.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0844271073
Registered
02-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.