KGS Fire & Security Belgium

Active

Private limited companyfounded 20242 yrs activeDe Kleetlaan 5, 1831 Machelen (Brab.), BelgiumKBO/BCE: BE 1009.762.575

Summary

KGS Fire & Security Belgium has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.16M and a net result of €92k. Its solvency ranks better than 43% of 4867 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).

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Checked score

Score 2025

58 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability60▼-1

Solvency64▲+9

Growth85

Track record82

Bankruptcy probability, 12 months

1.3% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €180k at 30 days only on tighter terms

Liquidity tight (current ratio 1.32 against 1.27 in 2024; short-term debt: 54.8% and cash: 12.2% of total assets), and 61% of the assets are financed with debt.

How do we compute the score and the probability?

Credit check for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Young company

A young company has little track record yet and statistically fails more often than an established one.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

39%

Return on assets

1.1%

Age of the figures

9 mo

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 46

Relative position

BE, all sectors

reference

Sector 46

higher

← fewer bankruptcies more bankruptcies →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.

NBB · 2 filings

Deviation from the deadline

2025

14 d early

2024

5 d late

← before the deadline after the deadline →

Checked, nothing found (2)

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.

Companies Code · seven months

Position in the running window

24-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover

€12.04M▲ 197%

2024 · €4.05M

2024: €4.05M

2024 → 2025

EBIT margin

1.8%▼ 0.4pp

2024 · 2.3%

2024: 2.3%

2024 → 2025

Net result

€92k▲ 548%

2024 · €14k

2024: €14k

2024 → 2025

Working capital

€1.41M▼ 6.4%

2024 · €1.51M

2024: €1.51M

2024 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20242025Trend

Turnover€4.05M-€12.04M▲ 197%

Equity€3.06M-€3.16M▲ 3.0%

Operating result€92k-€221k▲ 140%

Net result€14k-€92k▲ 548%

Result per fiscal year

Operating resultNet result

The operating result rises in 2025; 2025 is 140% above 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €8.09M

27.7%

72.3%

Fixed assets €2.24M ▼ 22.4%

Current assets €5.85M ▼ 18.7%

Equity and liabilities €8.09M

39.0%

61.0%

Equity €3.16M ▲ 3.0%

Debt €4.94M ▼ 29.7%

Debt's share of the balance-sheet total falls from 69.6% to 61.0%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€555k▲

2024 · €262k

Cash flow

€426k▲

2024 · €184k

Current ratio

1.32▲

2024 · 1.27

Quick ratio

1.30▲

2024 · 1.26

Debt to equity

1.56▼

2024 · 2.29

ROE

2.9%▲

2024 · 0.5%

ROA

1.1%▲

2024 · 0.1%

Interest coverage

2422.91▲

2024 · 33.34

Debt ≤ 1 year

€4.44M▼

2024 · €5.69M

Debt > 1 year

€0▼

2024 · €801k

Income taxes

€114k▲

2024 · €96k

Staff costs

€7.64M▲

2024 · €2.52M

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2025 against 2024 · 64 lines

Balance sheet Code20242025

Assets

Total assets20/58€10.08M€8.09M▼

Fixed assets21/28€2.89M€2.24M▼

Intangible fixed assets21€1.58M€1.29M▼

Tangible fixed assets22/27€405k€44k▼

Plant, machinery and equipment23€376k€0▼

Furniture and vehicles24€29k€44k▲

Financial fixed assets28€896k€906k▲

Affiliated companies280/1€896k€896k=

Participating interests280€896k€896k=

Other financial fixed assets284/8-€10k

Amounts receivable and cash guarantees285/8-€10k

Current assets29/58€7.20M€5.85M▼

Stocks and contracts in progress3€50k€69k▲

Stocks30/36€50k€69k▲

Goods purchased for resale34€50k€69k▲

Amounts receivable within one year40/41€6.45M€4.66M▼

Trade receivables40€6.00M€4.48M▼

Other amounts receivable41€450k€176k▼

Cash at bank and in hand54/58€570k€985k▲

Deferred charges and accrued income490/1€125k€136k▲

Equity and liabilities

Total equity and liabilities10/49€10.08M€8.09M▼

Equity10/15€3.06M€3.16M▲

Contributions10/11€3.05M€3.05M=

Profit (loss) carried forward14€14k€106k▲

Amounts payable17/49€7.02M€4.94M▼

Amounts payable after more than one year17€801k€0▼

Financial debts170/4€801k€0▼

Other loans174€801k€0▼

Amounts payable within one year42/48€5.69M€4.44M▼

Trade debts44€3.72M€2.10M▼

Suppliers440/4€3.72M€2.10M▼

Taxes, remuneration and social security45€1.97M€2.33M▲

Taxes450/3€241k€285k▲

Remuneration and social security454/9€1.73M€2.05M▲

Accrued charges and deferred income492/3€532k€498k▼

Income statement Code20242025

Operating income70/76A€6.98M€18.23M▲

Turnover70€4.05M€12.04M▲

Other operating income74€2.93M€6.20M▲

Operating charges60/66A€6.89M€18.01M▲

Goods for resale, raw materials and consumables60€2.16M€5.77M▲

Purchases600/8€2.21M€5.79M▲

Change in stocks: decrease (increase)609€-50k€-19k▲

Services and other goods61€2.04M€3.85M▲

Remuneration, social security and pensions62€2.52M€7.64M▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€170k€334k▲

Other operating charges640/8€3k€53k▲

Non-recurring operating charges66A-€360k

Operating profit (loss)9901€92k€221k▲

Financial income75/76B€26k€22k▼

Recurring financial income75€26k€22k▼

Other financial income752/9€26k€22k▼

Financial charges65/66B€8k€37k▲

Recurring financial charges65€8k€37k▲

Debt charges650-€229

Other financial charges652/9€8k€37k▲

Profit (loss) for the period before taxes9903€111k€206k▲

Income taxes67/77€96k€114k▲

Taxes670/3€96k€128k▲

Tax adjustments and reversals of tax provisions77-€14k

Profit (loss) for the period9904€14k€92k▲

Profit (loss) for the period to be appropriated9905€14k€92k▲

Appropriation of the result

Profit (loss) to be appropriated9906€14k€106k▲

Profit (loss) brought forward from the previous period14P-€14k

Social balance

Average headcount (FTE)908734.033.6▼

The notes to these accounts (49 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 2Filings 2

Next filing, fiscal year 2026, expected by 31-07-2027

2026

17-07

NBB filing Annual accounts filed

fiscal year 2025 · full schema

2025

05-08

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 5 days late

NBB filing

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, Machelen (Brab.) · 1 establishment unit since 2024

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

De Kleetlaan 51831 Machelen (Brab.)

Ground area

8,806 m²

Building footprint

1,328 m²

Volume, LiDAR

28,306 m³

Parcel 23015B0091/00Z003, Flanders · tallest building 26.1 m, ±7 floors. Linked by address, not a title deed.

1 establishment unit

De Kleetlaan 5, 1831 Machelen (Brab.)

Agents in the wholesale of industrial machinery, ships and aircraft

since 20242.362.960.382

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23015B0091/00Z003	Flanders	8,805 m²	1 · 1,328 m²	26.1 m · 7 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Recognitions · licences · registrations

Legal Entity Identifier

699400YQZDE9VXSK1S39

live in the LEI register

Similar companies · same sector, comparable size

ENERTHREE

BE 0896.293.262

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Sizzle

BE 0674.380.226

Oudsbergen · Eq €3,129,167

Kapellen · Eq €3,243,657

ROLAND CENTRAL EUROPE

BE 0422.585.547

Geel · Eq €3,061,770

Of 1,170 companies in sector 46499 we hold annual accounts for 743. 370 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded28-05-2024

Fiscal year end31-12

Activities, NACEBEL 2025

46499Wholesale of other household goods

46649Wholesale of other machinery and equipment

27900Manufacture of electrical equipment

Sources

Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.