Checked.be · Company dossierhttps://checked.be/en/c/protection-unit-0457632142 · as of 30-10-2026
PROTECTION UNIT
Active
Private limited company · founded 1996 · active for 30 yearsRue Campagne du Moulin 53, 4470 Saint-Georges-sur-Meuse, BelgiumKBO/BCE: BE 0457.632.142
Summary
The annual accounts of PROTECTION UNIT for financial year 2025 show a net loss of 210% of the equity at the start of that year. The 2025 annual accounts show equity of €1.1m and a net result of -€3.7m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 16% of 80 sector peers (NACE 80, financial year 2025). The company has been active since 1996 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Auditor: BDO2025 accounts 39 days early6 of 16 deeds summarised
Why 54raises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLoss of €3.7m (financial year 2025)Equity €1.1m (1.7% of total assets)lowers riskSize: turnover €145.8m, 2,196.9 FTE, total assets €64.6mLiquidity: current ratio 1.33, cash €9.1mShow the evidence
Checked score
Score 2025
Checked score
A figure from 0 to 100: the higher it is, the smaller the chance that the company goes bankrupt within twelve months. The band, from Critical to Excellent, follows from that chance; within the band, how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
54/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 24% of its sector peers (all companies)
How strong the balance sheet and results are: solvency, liquidity and profitability from the latest annual accounts, each out of 100. It does not directly set the Checked score's band; how the company does on these and on growth against its sector peers does count for its place within the band.
Weak
Solvency27-1
equity 1.7% of total assets
Liquidity32+7
short-term debt 66.6% · cash 14.0%
Profitability21-40
return on assets -5.7%
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. 0.2% means about 2 in 1,000 comparable companies. The higher it is, the shorter the payment term to agree.
0.4%Very low
0%0.5%1.5%4%10%≥ 25%
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Sector median 0.4% (10 companies, NACE 80, large)
Last 24 months11-2024: 0.7%highest value12-2024: 0.7%● unchanged vs 11-2024highest value01-2025: 0.7%● unchanged vs 12-2024highest value02-2025: 0.6%▼ -0.1 percentage points vs 01-202503-2025: 0.6%● unchanged vs 02-202504-2025: 0.6%● unchanged vs 03-202505-2025: 0.6%● unchanged vs 04-202506-2025: 0.2%▼ -0.4 percentage points vs 05-202507-2025: 0.2%● unchanged vs 06-202508-2025: 0.2%● unchanged vs 07-202509-2025: 0.2%● unchanged vs 08-202510-2025: 0.2%● unchanged vs 09-202511-2025: 0.2%● unchanged vs 10-202512-2025: 0.2%● unchanged vs 11-202501-2026: 0.2%● unchanged vs 12-202502-2026: 0.2%● unchanged vs 01-202603-2026: 0.2%● unchanged vs 02-202604-2026: 0.2%● unchanged vs 03-2026lowest value05-2026: 0.2%● unchanged vs 04-202606-2026: 0.2%● unchanged vs 05-202607-2026: 0.4%▲ +0.2 percentage points vs 06-202608-2026: 0.4%● unchanged vs 07-202609-2026: 0.4%● unchanged vs 08-202610-2026: 0.4%● unchanged vs 09-2026
Credit of up to €55,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.33, compared with 1.25 in 2024, below the usual 1.5; short-term debt: 66.6% and cash: 14% of total assets), and 98.3% of the assets are financed with debt and provisions.
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 12% on solvency, 30% on liquidity, 16% on profitability and 37% on growth.
The bankruptcy probability was computed on 29-10-2026 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).
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 12 days after 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)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 25 July (4 of the last 5 filed years within 45 days of that day).
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€64.6m2025Equity€1.1m2025Debt€54.8m2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€14.0m2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
EBIT margin-1.4%2025Return on assets (ROA)-5.7%2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency1.7%2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.332025
Average staff in full-time equivalents (FTE).
Staff (FTE)2,196.92025
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
abovewithinbelowthe 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 €64.6m
12%
88.3%
Fixed assets€7.5m ▼ 26.9%
Current assets€57.1m ▲ 8.6%
Equity and liabilities €64.6m
13.5%
84.8%
Equity€1.1m ▼ 39.1%
Provisions€8.8m ▲ 290%
Debt€54.8m ▼ 6.9%
Debt's share of the balance-sheet total falls from 93.6% to 84.8%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€750,878▼
2024 · €6.9m
Cash flow
-€894,226▼
2024 · €4.6m
Debt to equity
51.33▲
2024 · 33.60
ROE
-345.0%▼
2024 · 91.8%
Interest coverage
1.00▼
2024 · 8.40
Debt ≤ 1 year
€43.1m▲
2024 · €42.1m
Debt > 1 year
€11.4m▼
2024 · €16.4m
Income taxes
€98,129▼
2024 · €605,976
Staff costs
€125.1m▼
2024 · €128.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observation
Peer companies
What happened to companies that once looked just like this one does now. It describes the group, not this company: the figures are counted, not predicted.
Of the 102 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 97.1% are still going.
Large
solvency under 10%
a small loss
without age
2.0%went bankrupt
1.0%stopped otherwise
97.1%still going
For this company itself Checked computes a lower bankruptcy probability: 0.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
The companies in ten equal groups, from lowest to highest expected share.
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%
0.9%
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 102 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
Filed annual accountsAs filed with the NBB · 2025 against 2024 · 83 lines
Balance sheetCode20242025
Assets
Total assets20/58€62.9m€64.6m▲
Fixed assets21/28€10.3m€7.5m▼
Intangible fixed assets21€2.4m€1.8m▼
Tangible fixed assets22/27€3.9m€2.9m▼
Plant, machinery and equipment23€2.0m€1.5m▼
Furniture and vehicles24€0.3m€0.3m▼
Leasing and similar rights25€1.3m€0.9m▼
Other tangible fixed assets26€0.2m€0.2m▼
Financial fixed assets28€4.0m€2.9m▼
Affiliated companies280/1€3.4m€1.9m▼
Amounts receivable281€3.4m€1.9m▼
Other financial fixed assets284/8€0.6m€1.0m▲
Amounts receivable and cash guarantees285/8€0.6m€1.0m▲
Current assets29/58€52.6m€57.1m▲
Amounts receivable within one year40/41€46.4m€47.4m▲
Trade receivables40€34.9m€32.4m▼
Other amounts receivable41€11.4m€15.0m▲
Cash at bank and in hand54/58€5.6m€9.1m▲
Deferred charges and accrued income490/1€0.6m€0.6m▼
Equity and liabilities
Total equity and liabilities10/49€62.9m€64.6m▲
Equity10/15€1.8m€1.1m▼
Contributions10/11€2.9m€5.9m▲
Revaluation surpluses12€0.1m€0.1m=
Reserves13€0.2m€0.2m=
Non-distributable reserves130/1€0.002m€0.002m=
Reserves not available under the articles1311€0.002m€0.002m=
Tax-exempt reserves132€0.001m€0.001m=
Distributable reserves133€0.2m€0.2m=
Profit (loss) carried forward14-€1.4m-€5.1m▼
Provisions and deferred taxes16€2.2m€8.8m▲
Provisions for liabilities and charges160/5€2.2m€8.8m▲
Other liabilities and charges164/5€2.2m€8.8m▲
Amounts payable17/49€58.9m€54.8m▼
Amounts payable after more than one year17€16.4m€11.4m▼
Financial debts170/4€1.1m€0.2m▼
Leasing and similar obligations172€0.6m€0.2m▼
Credit institutions173€0.5m€0.01m▼
Other amounts payable178/9€15.3m€11.2m▼
Amounts payable within one year42/48€42.1m€43.1m▲
Current portion of amounts payable after more than one year42€1.3m€0.9m▼
Financial debts43€13.1m€17.7m▲
Credit institutions430/8€13.1m€17.7m▲
Trade debts44€3.6m€2.3m▼
Suppliers440/4€3.6m€2.3m▼
Taxes, remuneration and social security45€24.0m€22.2m▼
Taxes450/3€1.9m€1.2m▼
Remuneration and social security454/9€22.1m€21.0m▼
Other amounts payable47/48€0.1m€0.03m▼
Accrued charges and deferred income492/3€0.4m€0.3m▼
Income statementCode20242025
Operating income70/76A€150.1m€154.2m▲
Turnover70€138.1m€145.8m▲
Other operating income74€11.9m€8.3m▼
Non-recurring operating income76A€0.05m€0.001m▼
Operating charges60/66A€146.2m€156.2m▲
Goods for resale, raw materials and consumables60€4.9m€6.2m▲
Purchases600/8€4.9m€6.2m▲
Services and other goods61€5.9m€5.9m▲
Remuneration, social security and pensions62€128.4m€125.1m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3.0m€2.8m▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0€0.009m▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€1.7m€1.2m▼
Other operating charges640/8€2.0m€8.6m▲
Non-recurring operating charges66A€0.4m€6.4m▲
Operating profit (loss)9901€3.8m-€2.0m▼
Financial income75/76B€0.01m€1.6m▲
Recurring financial income75€0.01m€0.006m▼
Income from current assets751€0.002m-
Other financial income752/9€0.01m€0.006m▼
Non-recurring financial income76B-€1.6m
Financial charges65/66B€1.6m€3.1m▲
Recurring financial charges65€1.6m€1.6m▼
Debt charges650€0.8m€0.8m▼
Other financial charges652/9€0.8m€0.8m▼
Non-recurring financial charges66B-€1.6m
Profit (loss) for the period before taxes9903€2.2m-€3.6m▼
Income taxes67/77€0.6m€0.1m▼
Taxes670/3€0.8m€0.1m▼
Tax adjustments and reversals of tax provisions77€0.2m-
Profit (loss) for the period9904€1.6m-€3.7m▼
Profit (loss) for the period to be appropriated9905€1.6m-€3.7m▼
Appropriation of the result
Profit (loss) to be appropriated9906-€1.4m-€5.1m▼
Profit (loss) brought forward from the previous period14P-€3.0m-€1.4m▲
Social balance sheet
Average headcount (FTE)90872,328.12,196.9▼
The notes to these accounts (83 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Line
2018
2019
2020
2021
2022
2023
2024
2025
Change
Operating income70/76A
-
-
-
€77.8m
€104.1m
€148.7m
€150.1m
€154.2m
▲ 2.7%
Turnover70
€26.7m
€29.4m
€30.8m
€68.0m
€86.7m
€129.8m
€138.1m
€145.8m
▲ 5.6%
Own construction capitalised72
-
-
-
€0.6m
€1.2m
€1.0m
-
-
-
Other operating income74
-
-
-
€9.3m
€12.1m
€17.2m
€11.9m
€8.3m
▼ 30.0%
Non-recurring operating income76A
-
-
-
-
€4.1m
€0.7m
€0.05m
€0.001m
▼ 97.2%
Operating charges60/66A
-
-
-
€77.4m
€105.7m
€147.4m
€146.2m
€156.2m
▲ 6.8%
Goods for resale, raw materials and consumables60
-
-
-
€3.2m
€2.5m
€2.5m
€4.9m
€6.2m
▲ 26.1%
Purchases600/8
-
-
-
€3.2m
€2.5m
€2.5m
€4.9m
€6.2m
▲ 26.1%
Services and other goods61
-
-
-
€3.6m
€5.1m
€6.3m
€5.9m
€5.9m
▲ 0.2%
Remuneration, social security and pensions62
-
-
-
€64.5m
€90.4m
€131.9m
€128.4m
€125.1m
▼ 2.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630
€0.3m
€0.3m
€0.3m
€1.1m
€1.8m
€3.1m
€3.0m
€2.8m
▼ 7.3%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4
-
-
-
€0.04m
€0.1m
-€0.1m
€0
€0.009m
-
Provisions for liabilities and charges: additions (uses and reversals)635/8
-
-
-
-
€0.4m
-€0.4m
€1.7m
€1.2m
▼ 29.5%
Other operating charges640/8
-
-
-
€3.5m
€1.9m
€3.5m
€2.0m
€8.6m
▲ 328%
Non-recurring operating charges66A
-
-
-
€1.5m
€3.5m
€0.7m
€0.4m
€6.4m
▲ 17×
Operating profit (loss)9901
-€0.2m
-€0.03m
€0.6m
€0.4m
-€1.6m
€1.3m
€3.8m
-€2.0m
-
Financial income75/76B
-
-
-
€0.04m
€0.05m
€0.04m
€0.01m
€1.6m
▲ 107×
Recurring financial income75
€0.01m
€0.02m
€0.006m
€0.002m
€0.05m
€0.04m
€0.01m
€0.006m
▼ 55.6%
Income from financial fixed assets750
-
-
-
€139
€0.004m
-
-
-
-
Income from current assets751
-
-
-
€0.001m
€2
€0.01m
€0.002m
-
-
Other financial income752/9
-
-
-
€245
€0.05m
€0.02m
€0.01m
€0.006m
▼ 50.4%
Non-recurring financial income76B
-
-
-
€0.04m
-
-
-
€1.6m
-
Financial charges65/66B
-
-
-
€0.2m
€0.5m
€1.6m
€1.6m
€3.1m
▲ 88.6%
Recurring financial charges65
€0.1m
€0.1m
€0.1m
€0.2m
€0.5m
€1.6m
€1.6m
€1.6m
▼ 5.6%
Debt charges650
€0.02m
€0.03m
€0.008m
€0.02m
€0.2m
€0.5m
€0.8m
€0.8m
▼ 8.0%
Other financial charges652/9
-
-
-
€0.2m
€0.3m
€1.1m
€0.8m
€0.8m
▼ 3.3%
Non-recurring financial charges66B
-
-
-
-
-
-
-
€1.6m
-
Profit (loss) for the period before taxes9903
-€0.3m
-€0.1m
€0.5m
€0.2m
-€2.0m
-€0.3m
€2.2m
-€3.6m
-
Income taxes67/77
€0.002m
€0.05m
€0.2m
€0.2m
€0.3m
€0.2m
€0.6m
€0.1m
▼ 83.8%
Taxes670/3
-
-
-
€0.2m
€0.3m
€0.2m
€0.8m
€0.1m
▼ 87.9%
Tax adjustments and reversals of tax provisions77
-
-
-
-
€21
-
€0.2m
-
-
Profit (loss) for the period9904
-€0.3m
-€0.2m
€0.2m
€0.02m
-€2.3m
-€0.5m
€1.6m
-€3.7m
-
Profit (loss) for the period to be appropriated9905
-€0.3m
-€0.2m
€0.2m
€0.02m
-€2.3m
-€0.5m
€1.6m
-€3.7m
-
Line
2018
2019
2020
2021
2022
2023
2024
2025
Change
Assets
Total assets20/58
€7.3m
€8.9m
€14.2m
€31.8m
€56.9m
€69.7m
€62.9m
€64.6m
▲ 2.8%
Formation expenses20
-
-
€0.02m
-
-
-
-
-
-
Fixed assets21/28
€1.2m
€1.3m
€2.4m
€5.5m
€9.6m
€10.5m
€10.3m
€7.5m
▼ 26.9%
Intangible fixed assets21
€0.01m
€0.01m
€0.07m
€1.6m
€3.0m
€3.1m
€2.4m
€1.8m
▼ 27.4%
Tangible fixed assets22/27
€0.7m
€0.6m
€0.7m
€2.4m
€5.1m
€5.4m
€3.9m
€2.9m
▼ 26.6%
Plant, machinery and equipment23
-
-
-
€1.3m
€3.6m
€3.0m
€2.0m
€1.5m
▼ 23.5%
Furniture and vehicles24
-
-
-
€0.4m
€0.5m
€0.5m
€0.3m
€0.3m
▼ 16.4%
Leasing and similar rights25
-
-
-
€0.02m
€0.7m
€1.7m
€1.3m
€0.9m
▼ 33.6%
Other tangible fixed assets26
-
-
-
€0.4m
€0.4m
€0.3m
€0.2m
€0.2m
▼ 27.3%
Assets under construction and advance payments27
-
-
-
€0.3m
€0.01m
-
-
-
-
Financial fixed assets28
€0.5m
€0.7m
€1.6m
€1.5m
€1.5m
€2.0m
€4.0m
€2.9m
▼ 27.1%
Affiliated companies280/1
-
-
-
€1.4m
€1.4m
€1.5m
€3.4m
€1.9m
▼ 45.4%
Amounts receivable281
-
-
-
€1.4m
€1.4m
€1.5m
€3.4m
€1.9m
▼ 45.4%
Other financial fixed assets284/8
-
-
-
€0.01m
€0.01m
€0.5m
€0.6m
€1.0m
▲ 85.7%
Amounts receivable and cash guarantees285/8
-
-
-
€0.01m
€0.01m
€0.5m
€0.6m
€1.0m
▲ 85.7%
Current assets29/58
€6.1m
€7.6m
€11.8m
€26.3m
€47.3m
€59.2m
€52.6m
€57.1m
▲ 8.6%
Amounts receivable within one year40/41
€6.1m
€7.5m
€11.0m
€25.4m
€46.4m
€55.6m
€46.4m
€47.4m
▲ 2.3%
Trade receivables40
-
-
-
€18.6m
€32.6m
€37.2m
€34.9m
€32.4m
▼ 7.3%
Other amounts receivable41
-
-
-
€6.8m
€13.8m
€18.4m
€11.4m
€15.0m
▲ 31.6%
Cash at bank and in hand54/58
€0.02m
€0.03m
€0.6m
€0.7m
€0.6m
€3.1m
€5.6m
€9.1m
▲ 63.0%
Deferred charges and accrued income490/1
-
-
-
€0.3m
€0.3m
€0.5m
€0.6m
€0.6m
▼ 4.5%
Equity and liabilities
Total equity and liabilities10/49
€7.3m
€8.9m
€14.2m
€31.8m
€56.9m
€69.7m
€62.9m
€64.6m
▲ 2.8%
Equity10/15
€0.02m
-€0.2m
€1.1m
€3.0m
€0.7m
€0.1m
€1.8m
€1.1m
▼ 39.1%
Contributions10/11
€0.02m
€0.02m
-
€2.9m
€2.9m
€2.9m
€2.9m
€5.9m
▲ 103%
Revaluation surpluses12
-
-
-
€0.1m
€0.1m
€0.1m
€0.1m
€0.1m
=
Reserves13
€0.2m
€0.2m
€0.2m
€0.2m
€0.2m
€0.2m
€0.2m
€0.2m
=
Non-distributable reserves130/1
-
-
-
€0.002m
€0.002m
€0.002m
€0.002m
€0.002m
=
Reserves not available under the articles1311
-
-
-
€0.002m
€0.002m
€0.002m
€0.002m
€0.002m
=
Tax-exempt reserves132
-
-
-
€0.001m
€0.001m
€0.001m
€0.001m
€0.001m
=
Distributable reserves133
-
-
-
€0.2m
€0.2m
€0.2m
€0.2m
€0.2m
=
Profit (loss) carried forward14
-€0.3m
-€0.5m
-€0.2m
-€0.2m
-€2.5m
-€3.0m
-€1.4m
-€5.1m
▼ 257%
Provisions and deferred taxes16
-
-
-
-
€0.9m
€0.5m
€2.2m
€8.8m
▲ 290%
Provisions for liabilities and charges160/5
-
-
-
-
€0.9m
€0.5m
€2.2m
€8.8m
▲ 290%
Other liabilities and charges164/5
-
-
-
-
€0.9m
€0.5m
€2.2m
€8.8m
▲ 290%
Amounts payable17/49
€7.3m
€9.0m
€13.1m
€28.8m
€55.3m
€69.0m
€58.9m
€54.8m
▼ 6.9%
Amounts payable after more than one year17
€0.05m
€0.04m
€2.8m
€1.9m
€3.6m
€22.3m
€16.4m
€11.4m
▼ 30.6%
Financial debts170/4
-
-
-
€1.0m
€2.7m
€2.3m
€1.1m
€0.2m
▼ 83.9%
Leasing and similar obligations172
-
-
-
€0.4m
€0.5m
€1.1m
€0.6m
€0.2m
▼ 74.6%
Credit institutions173
-
-
-
€0.6m
€2.3m
€1.2m
€0.5m
€0.01m
▼ 97.0%
Other amounts payable178/9
-
-
-
€0.9m
€0.9m
€20.0m
€15.3m
€11.2m
▼ 26.9%
Amounts payable within one year42/48
€7.3m
€9.0m
€10.3m
€26.8m
€51.7m
€46.7m
€42.1m
€43.1m
▲ 2.3%
Current portion of amounts payable after more than one year42
-
-
-
€2.9m
€2.6m
€3.9m
€1.3m
€0.9m
▼ 28.7%
Financial debts43
-
-
-
€5.6m
€17.6m
€17.0m
€13.1m
€17.7m
▲ 35.3%
Credit institutions430/8
-
-
-
€5.6m
€17.6m
€17.0m
€13.1m
€17.7m
▲ 35.3%
Trade debts44
€1.5m
€1.9m
€3.2m
€4.9m
€4.3m
€2.6m
€3.6m
€2.3m
▼ 36.9%
Suppliers440/4
-
-
-
€4.9m
€4.3m
€2.6m
€3.6m
€2.3m
▼ 36.9%
Taxes, remuneration and social security45
-
-
-
€13.3m
€26.8m
€22.8m
€24.0m
€22.2m
▼ 7.7%
Taxes450/3
-
-
-
€1.4m
€2.0m
€1.4m
€1.9m
€1.2m
▼ 37.1%
Remuneration and social security454/9
-
-
-
€11.9m
€24.8m
€21.4m
€22.1m
€21.0m
▼ 5.1%
Other amounts payable47/48
-
-
-
€0.03m
€0.5m
€0.4m
€0.1m
€0.03m
▼ 72.8%
Accrued charges and deferred income492/3
-
-
-
€0.1m
-
€0.02m
€0.4m
€0.3m
▼ 8.0%
Line
2018
2019
2020
2021
2022
2023
2024
2025
Change
Profit (loss) for the period9904
-€0.3m
-€0.2m
€0.2m
€0.02m
-€2.3m
-€0.5m
€1.6m
-€3.7m
-
+ Depreciation and write-downs630
€0.3m
€0.3m
€0.3m
€1.1m
€1.8m
€3.1m
€3.0m
€2.8m
▼ 7.3%
Operating cash flow (approximation)
€0.02m
€0.1m
€0.6m
€1.1m
-€0.5m
€2.6m
€4.6m
-€0.9m
-
Investment in fixed assets (approximation)
-
-€0.4m
-€1.4m
-€4.3m
-€5.9m
-€4.0m
-€2.9m
-€0.008m
▲ 99.7%
Change in cash
-
€0.02m
€0.6m
€0.07m
-€0.06m
€2.5m
€2.4m
€3.5m
▲ 44.8%
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Of the 688 active companies whose main activity is investigation and private security services (NACE 80010), figures are known for 363. 174 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Subsidies and aid
European Union, budget
European Union, budget
Money this company received from the EU budget. It often points to projects with European partners.
2022 to 2025 · 91 entries · €136.4m in total
Year
Entries
Awarded
2025
29
€29.2m
2024
22
€47.8m
2023
29
€36.0m
2022
11
€23.4m
Projects
BUILDING SECURITY SERVICES
Security · 01-01-2025 to 28-02-2026 · €28.1m
GARDIENNAGE BATIMENTS
Security · 01-10-2022 to 31-03-2023 · €23.1m
GUARD SERVICES
Security · 01-02-2024 to 31-05-2024 · €15.0m
GUARDS SERVICES
Security · 01-06-2024 to 30-09-2024 · €14.6m
GUARDEINNAGE DES BATIMENTS
Security · 01-10-2023 to 31-12-2023 · €11.4m
Show 8 more projects
GARDIENNAGE DES BATIMENTS
Security · 01-04-2023 to 30-06-2023 · €10.2m
SECURITY SERVICES - GUARDING SERVICES
Security · 01-11-2024 to 31-12-2024 · €8.6m
SERVICE DE GARDIENNAGE DES BATIMENTS (BRUXELLES)
Horizon Europe · 01-07-2023 to 30-09-2023 · €8.6m
SECURITY SERVICE - GUARDS BXL
Security · 01-10-2024 to 31-12-2024 · €4.9m
GUARDING JANUARY 2025
Security · 20-01-2025 to 01-02-2025 · €4.1m
GUARD SERVOCES
Security · 01-01-2024 to 31-01-2024 · €3.9m
SECURITY OLAF 2024
Security · 15-03-2024 to 31-12-2024 · €197,000
SECURITY OLAF 2023
Security · 13-09-2023 to 31-12-2023 · €197,000
Public contracts
42 awards · 2018 to 2026
BRUXELLES - REGIE DES BATIMENTS - Marché à lots pour gardiennage statique et mobile: RDGB-BRU-2025-232318-179 - 4
buyer: Régie des BâtimentsBusiness servicesawarded 04-09-2026€3.0m6 tendersTED 627786-2026
Marché public de services à bordereau de prix ayant pour but le gardiennage statique et/ou mobile par une entreprise de gardiennage, pendant 48 mois, de bâtiments et sites: AFA/013929/DDR - 1
BRUXELLES - REGIE DES BATIMENTS - Marché à lots pour gardiennage statique et mobile: RDGB-BRU-2025-232318-179 - 2
buyer: Regie der GebouwenBusiness servicesawarded 20-08-2026€7.1m2 tendersTED 617622-2026
BRUXELLES - REGIE DES BATIMENTS - Marché à lots pour gardiennage statique et mobile: RDGB-BRU-2025-232318-179 - 5
buyer: Regie der GebouwenBusiness servicesawarded 20-08-2026€2.6m4 tendersTED 617622-2026
BRUXELLES - REGIE DES BATIMENTS - Marché à lots pour gardiennage statique et mobile: RDGB-BRU-2025-232318-179 - 2
buyer: Régie des BâtimentsBusiness servicesawarded 20-08-2026€7.1m2 tendersTED 627786-2026
BRUXELLES - REGIE DES BATIMENTS - Marché à lots pour gardiennage statique et mobile: RDGB-BRU-2025-232318-179 - 5
buyer: Régie des BâtimentsBusiness servicesawarded 20-08-2026€2.6m4 tendersTED 627786-2026
Service de gardiennage dans les bâtiments de la Commission européenne dans la région de Bruxelles-Capitale et ses environs (GARDES-BXL 2026)
buyer: Commission européenne, DG HR - Human Resources and SecurityBusiness servicesawarded 28-07-20261 tenderTED 536383-2026
Prestations permanentes de gardiennage et prestations de gardiennage à la demande lors de festivités étudiantes: 2026 UN 002 - 1
buyer: Université de NamurBusiness servicesawarded 23-07-2026€72.5m3 tendersTED 535780-2026
CDA 2026-005 - ACCORD-CADRE DE SERVICES (ACCOMPAGNÉS DE FOURNITURES CONNEXES) AYANT POUR OBJET LA DÉSIGNATION D’ENTREPRISE(S) AGRÉÉE(S) EN VUE DE LA GESTION DES ASPECTS DE SÉCURISATION HUMAINS ET TECHNIQUES SUR DIFFÉRENTS SITES DÉCENTRALISÉS: CDA 2026-005 - LOT 01 - GARDIENNAGE
buyer: Tibi - Société coopérative - Intercommunale - Entreprise publique de Gestion intégrée des DéchetsBusiness servicesawarded 22-07-2026€1.5m3 tendersTED 513370-2026
La surveillance mobile par patrouilles et/ou interventions en cas de déclenchement des alarmes et/ou présence à l’accueil et/ou surveillances exceptionnelles pour divers bâtiments/sites provinciaux pour une durée de 4 ans: 2025-03295 - 1
buyer: Province de LiègeBusiness servicesawarded 03-12-2025€86,9123 tendersTED 804801-2025
La surveillance mobile par patrouilles et/ou interventions en cas de déclenchement des alarmes et/ou présence à l’accueil et/ou surveillances exceptionnelles pour divers bâtiments/sites provinciaux pour une durée de 4 ans: 2025-03295 - 5
buyer: Province de LiègeBusiness servicesawarded 03-12-2025€13,7543 tendersTED 804801-2025
Services de gardiennage: 1FM-2024-06 - LOT 1
buyer: SPF Santé Publique Sécurité de la Chaîne Alimentaire et EnvironnementBusiness servicesawarded 25-11-2025€626,6777 tendersTED 863263-2025
Service de gardiennage dans les immeubles de la Commission européenne dans la région de Bruxelles-Capitale et ses environs
buyer: Commission européenne, DG HR - Human Resources and SecurityBusiness servicesawarded 12-11-20251 tenderTED 756598-2025
ATTRIBUTION PRESTATION DE REALISATION DES TESTS DE PERFORMANCE EN SITUATION OPERATIONNELLE DES AGENTS DE SURETE: ATTRIBUTION
buyer: AEROPORTS DE LA COTE D'AZURArchitectural, engineering and inspection servicesawarded 12-11-2025€14 tendersTED 775366-2025
MARCHÉ PUBLIC DE SERVICES AYANT POUR OBJET LE GARDIENNAGE DE BÂTIMENTS, L’EXTENSION ET LA MAINTENANCE D’UN SYSTÈME DE VIDÉOSURVEILLANCE ET LA SURVEILLANCE AU TRAVERS D’UNE CENTRALE D’ALARME: BP 24/2464 - 1
buyer: Gewestelijk agentschap voor netheid - Net BrusselBusiness servicesawarded 23-07-2025€6.8m3 tendersTED 500266-2025
Prestations de gardiennage statique/mobile et sécurité d'évènements: Missions statiques et missions évènementielles/milieu de sortie
buyer: Université Libre de BruxellesBusiness servicesawarded 20-06-2025€20.0m3 tendersTED 414117-2025
Service Framework Contract for the provision of guarding, surveillance, access control and other related services
buyer: European Defence AgencyBusiness servicesawarded 10-04-20252 tendersTED 294685-2025
Marché de services portant sur des services de gardiennage: MAP 7971 3000_24 - 1
Overheidsopdracht voor de bewakingsactiviteit in een alarm- en oproepcentrale die intern en ten eigen behoeve wordt uitgeoefend
buyer: stad BruggeBusiness servicesawarded 05-12-2024€7.2m3 tendersTED 779654-2024
Gardiennage de la partie administrative du bâtiment de la Cour des comptes et du palais du Comte de Flandre situés rue de la Régence 2 à 1000 Bruxelles: 2024/D2.2/01 - 1
buyer: Cour des comptesBusiness servicesawarded 30-10-2024€1.4m6 tendersTED 666879-2024
Marché relatif au gardiennage et à la surveillance du complexe « IRIS TOWER » et autres bâtiments du Service Public Régional de Bruxelles: DIRFAC-420 - 1
Marché public relatif aux services de gardiennage du bâtiment de l'Agence fédérale pour les allocations familiales sis à 1000 Bruxelles, rue de Trèves 70: Prestations statiques et mobiles de gardiennage
buyer: Agence fédérale pour les allocations familialesBusiness servicesawarded 03-01-2019€300,0009 tendersTED 108337-2019
Marché public (pluriannuel) de services ayant pour objet le gardiennage de bâtiments: Gardiennage de bâtiments
buyer: Université de NamurBusiness servicesawarded 27-08-2018€484,8004 tendersTED 412496-2018
Source: TED (Tenders Electronic Daily), Publications Office of the European Union. Values as the buyer published them; for a framework agreement, a ceiling.
Directors
Directors
Directors
Who runs the company today and since when, grouped the way the KBO groups its office holders. Many recent board changes are a reason to keep a close eye.
Not every act has been read: a resignation may still be missing
10 of this company's 16 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.
Mandate history
Mandate history
Who held which function and when, per person: one bar per period, from appointment to resignation or to today. An open left edge means the mandate began before the oldest act we hold.
Sources: the companies' annual accounts, 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.
Capital and shareholders
Capital and shareholders
When capital was put in or taken out. An increase often strengthens the company; a reduction deserves a look.
Capital over the years
19-12-2025Capital stated in the deed · 2,138 shares
BE 0881.569.949proposal · Gazette deed of 25-02-2021
History
History
The company's story in a few sentences, from the company register, the Belgian Official Gazette and the filed annual accounts. Each number opens the document the sentence rests on.
On 1 April 1996, PROTECTION UNIT was incorporated.1Turnover went from €26.7m in 2018 to €145.8m in 2025 and headcount from 457 to 2,197 full-time equivalents.2
Appointment: FREEZBEE DEVELOPMENT (managing director) · Permanent representative: Nicolas VAN YSENDYCK5 facts ▸
Board meeting, 13-04-2023
Director resignation, ADL & PARTNERS (managing director)
Director appointment, FREEZBEE DEVELOPMENT (managing director)
Permanent representative, Nicolas VAN YSENDYCK
Other provision, “meeting attendance”, 13-04-2023 (deed in French)
Show earlier events
2022
22-12
Gazette deedPermanent representative: Yvan ABSIL
3 facts ▸
Permanent representative, Yvan ABSIL
Director in office, UNIT GROUP (director)
Other provision, “Représentée par”, representation (deed in French)
08-09
NBB filingAnnual accounts filed
financial year 2021 · unclassified schema · 39 days late
2021
31-12
FinancialEquity above €2mequity €3.0m ▲175%
2 profitable years in a row build equity to €3.0m.
17-09
NBB filingAnnual accounts filed
financial year 2020 · unclassified schema · 48 days late
2020
31-12
FinancialBack to profitnet €240,670
Net result €240,670 after 2 loss-making years.
31-12
FinancialEquity above €1mequity €1.1m
Equity rises from -€153,853 to €1.1m.
27-10
NBB filingAnnual accounts filed
financial year 2019 · full format · 88 days late
2019
09-09
NBB filingAnnual accounts filed
financial year 2018 · full format · 40 days late
2018
03-10
NBB filingAnnual accounts filed
financial year 2017 · full format · 64 days late
2017
27-09
NBB filingAnnual accounts filed
financial year 2016 · full format · 58 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 30 annual accounts filed, the latest 10 are here; all 30 are under Financials.
6 of 16 deeds read
About the unread acts
Of the 16 Belgian Official Gazette deeds we know for this company, 6 have been read. The other 10 have not been read yet: what they contain is neither established nor disproved here.
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Licences in the Official Gazette
Licences in the Official Gazette
Licences and approvals a public authority granted, renewed, suspended or withdrew, as the Belgian Official Gazette published them: security, care, waste, driving schools and more. Each line links to the publication.
6 publications · 2 kinds
Security firm approval (camera systems)
Granted · decision 23-06-2025 · published on 07-10-2025 · Official Gazette
Security company licence
Modified · decision 22-10-2021 · published on 01-12-2021 · Official Gazette
Security company licence
Renewed · decision 08-11-2017 · published on 25-10-2018 · Official Gazette
Security company licenceno. 16.0072.02
Renewed · decision 08-07-2016 · published on 26-10-2016 · Official Gazette
Security company licence
Renewed · decision 03-11-2015 · published on 14-04-2016 · Official Gazette
Security company licence
Renewed · decision 25-06-2015 · published on 17-09-2015 · Official Gazette
Legal Entity Identifier
Legal Entity Identifier
An international code the company uses to identify itself on financial markets. Needed by anyone trading securities.
87550014QA3QJUZYPD38
no longer live in the LEI register
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Location & real estate
Where the company is based and which parcels are linked to its addresses. An address shared by many companies is often a registered-office service.