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REKA SECURITY

Active
Private limited companyfounded 2005active for 21 yearsOorlogskruisenlaan 94, 1120 Brussel, Belgium44 active companies are registered at this addressKBO/BCE: BE 0874.753.621

The file of REKA SECURITY contains 2 judicial reorganisation notices and 2 historical bankruptcy publications, as published in the Belgian Official Gazette.

Summary

The computed 12-month bankruptcy probability is 14.6% (high). The 2024 annual accounts show equity of €417,756 and a net result of €107,737. Equity is growing by about 17% per year across the filed financial years. Its solvency ranks better than 51% of 340 sector peers (NACE 80, financial year 2024).

Financials · financial year 2024, micro format

2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 23 October 2026.

Turnover
€667,230
EBIT margin
5.9%
Net result
€107,737
2023 · -€13,512
Working capital
€398,791▲ 34.9%
2023 · €295,655
Trend over the years

2020 to 2024, 5 financial years 2018 to 2024, 7 financial years

The operating result recovers in 2024; 2024 is 206% above 2023.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€145,742 2024 Net result€107,737 2024

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
favourable unfavourable
Line2018201920202021202220232024
Turnover€667,230
Operating result€28,761-€39,114▲ 36.0%€12,820▼ 67.2%€77,480▲ 504%€148,940▲ 92.2%€47,574▼ 68.1%€145,742▲ 206%
Net result€123,746-€94,700▼ 23.5%-€23,665below the sector's middle half€54,734above the sector's middle half€78,720above the sector's middle half▲ 43.8%-€13,512below the sector's middle half€107,737above the sector's middle half
EBIT margin5.9%
Equity€159,043-€213,743▲ 34.4%€190,078above the sector's middle half▼ 11.1%€244,812above the sector's middle half▲ 28.8%€323,532above the sector's middle half▲ 32.2%€310,020above the sector's middle half▼ 4.2%€417,756above the sector's middle half▲ 34.8%
Total assets€323,172-€537,333▲ 66.3%€249,793within the sector's middle half▼ 53.5%€409,722above the sector's middle half▲ 64.0%€708,707above the sector's middle half▲ 73.0%€563,113above the sector's middle half▼ 20.5%€851,183above the sector's middle half▲ 51.2%
Debt€164,129-€323,590▲ 97.2%€59,715▼ 81.5%€164,910▲ 176%€385,175▲ 134%€253,093▼ 34.3%€433,427▲ 71.3%
Working capital€143,749-€195,379▲ 35.9%€172,714above the sector's middle half▼ 11.6%€228,448above the sector's middle half▲ 32.3%€308,168above the sector's middle half▲ 34.9%€295,655above the sector's middle half▼ 4.1%€398,791above the sector's middle half▲ 34.9%
Solvency49.2%-39.8%▼ 9.4pp76.1%above the sector's middle half▲ 36.3pp59.8%within the sector's middle half▼ 16.3pp45.7%within the sector's middle half▼ 14.1pp55.1%within the sector's middle half▲ 9.4pp49.1%within the sector's middle half▼ 6.0pp
Current ratio1.88-1.60▼ 0.273.89above the sector's middle half▲ 2.292.39within the sector's middle half▼ 1.511.80within the sector's middle half▼ 0.592.17within the sector's middle half▲ 0.371.92within the sector's middle half▼ 0.25
Return on assets (ROA)38.3%-17.6%▼ 20.7pp-9.5%below the sector's middle half▼ 27.1pp13.4%within the sector's middle half▲ 22.8pp11.1%within the sector's middle half▼ 2.3pp-2.4%below the sector's middle half▼ 13.5pp12.7%within the sector's middle half▲ 15.1pp
Staff (FTE)66.3above the sector's middle half▲ 5.0%910▲ 11.1%
above within below 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.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €851,183
Fixed assets €18,965 ▲ 32.0%
Current assets €832,218 ▲ 51.7%
Equity and liabilities €851,183
Equity €417,756 ▲ 34.8%
Debt €433,427 ▲ 71.3%
Debt's share of the balance-sheet total rises from 44.9% to 50.9%. Equity and debt are higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
€146,892▲
2023 · €48,573
Cash flow
€108,887▲
2023 · -€12,513
Debt to equity
1.04▲
2023 · 0.82
ROE
25.8%▲
2023 · -4.4%
Interest coverage
over 100▲
2023 · 30.11
Debt ≤ 1 year
€433,427▲
2023 · €253,093
Income taxes
€37,671▼
2023 · €59,483
Staff costs
€450,862▼
2023 · €560,322
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 20,139 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95.0% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.2% went bankrupt
4.7% stopped otherwise
95.0% still going

For this company itself Checked computes a higher bankruptcy probability: 14.6% 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 497,473 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% 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 20,139 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 accounts As filed with the NBB · 2024 against 2023 · 41 lines
Balance sheet Code20232024
Assets
Total assets20/58€563,113€851,183▲
Fixed assets21/28€14,365€18,965▲
Tangible fixed assets22/27-€4,600
Furniture and vehicles24-€4,600
Financial fixed assets28€14,365€14,365=
Current assets29/58€548,748€832,218▲
Amounts receivable within one year40/41€548,463€827,383▲
Trade receivables40€197,292€419,004▲
Other amounts receivable41€351,171€408,379▲
Cash at bank and in hand54/58€285€4,835▲
Equity and liabilities
Total equity and liabilities10/49€563,113€851,183▲
Equity10/15€310,020€417,756▲
Contributions10/11€18,600€18,600=
Reserves13€1,860€1,860=
Non-distributable reserves130/1€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860=
Profit (loss) carried forward14€289,560€397,296▲
Amounts payable17/49€253,093€433,427▲
Amounts payable within one year42/48€253,093€433,427▲
Trade debts44€72,510€97,733▲
Suppliers440/4€72,510€97,733▲
Advances received on contracts in progress46€1,949€58,983▲
Taxes, remuneration and social security45€178,634€276,710▲
Taxes450/3€94,138€208,435▲
Remuneration and social security454/9€84,497€68,275▼
Income statement Code20232024
Remuneration, social security and pensions62€560,322€450,862▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€999€1,150▲
Other operating charges640/8€6,737€4,878▼
Gross operating margin9900€615,632€602,632▼
Operating profit (loss)9901€47,574€145,742▲
Financial income75/76B€10€980▲
Recurring financial income75€10€980▲
Non-recurring financial income76B-€980
Financial charges65/66B€1,613€1,315▼
Recurring financial charges65€1,613€1,315▼
Profit (loss) for the period before taxes9903€45,971€145,408▲
Income taxes67/77€59,483€37,671▼
Profit (loss) for the period9904-€13,512€107,737▲
Profit (loss) for the period to be appropriated9905-€13,512€107,737▲
Appropriation of the result
Profit (loss) to be appropriated9906€289,560€397,296▲
Profit (loss) brought forward from the previous period14P€303,072€289,560▼

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2018201920202021202220232024Change
Turnover70-€667,230------
Remuneration, social security and pensions62---€463,322€529,819€560,322€450,862▼ 19.5%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€929€1,929€1,000€1,000€1,000€999€1,150▲ 15.1%
Other operating charges640/8---€45,450€452€6,737€4,878▼ 27.6%
Gross operating margin9900€371,277€419,840€423,491€587,253€680,210€615,632€602,632▼ 2.1%
Operating profit (loss)9901€28,761€39,114€12,820€77,480€148,940€47,574€145,742▲ 206%
Financial income75/76B---€157-€10€980▲ 9,395%
Recurring financial income75€13,577€62,845€178€157-€10€980▲ 9,395%
Non-recurring financial income76B------€980-
Financial charges65/66B---€231€1,886€1,613€1,315▼ 18.5%
Recurring financial charges65€2,155€1,726€860€231€1,886€1,613€1,315▼ 18.5%
Profit (loss) for the period before taxes9903€123,746€100,234€12,138€77,406€147,053€45,971€145,408▲ 216%
Income taxes67/77-€5,533€35,803€22,672€68,334€59,483€37,671▼ 36.7%
Profit (loss) for the period9904€123,746€94,700-€23,665€54,734€78,720-€13,512€107,737-
Profit (loss) for the period to be appropriated9905€123,746€94,700-€23,665€54,734€78,720-€13,512€107,737-
Line2018201920202021202220232024Change
Assets
Total assets20/58€323,172€537,333€249,793€409,722€708,707€563,113€851,183▲ 51.2%
Fixed assets21/28€15,294€18,364€17,364€16,364€15,364€14,365€18,965▲ 32.0%
Tangible fixed assets22/27€929€3,999€2,999€1,999€999-€4,600-
Furniture and vehicles24---€1,999€999-€4,600-
Financial fixed assets28€14,365€14,365€14,365€14,365€14,365€14,365€14,365=
Current assets29/58€307,878€518,969€232,429€393,358€693,343€548,748€832,218▲ 51.7%
Amounts receivable within one year40/41€307,878€518,969€227,714€389,060€634,304€548,463€827,383▲ 50.9%
Trade receivables40---€197,984€267,858€197,292€419,004▲ 112%
Other amounts receivable41---€191,076€366,446€351,171€408,379▲ 16.3%
Cash at bank and in hand54/58--€4,715€4,298€59,038€285€4,835▲ 1,596%
Equity and liabilities
Total equity and liabilities10/49€323,172€537,333€249,793€409,722€708,707€563,113€851,183▲ 51.2%
Equity10/15€159,043€213,743€190,078€244,812€323,532€310,020€417,756▲ 34.8%
Contributions10/11€18,600€18,600-€18,600€18,600€18,600€18,600=
Reserves13€1,860€1,860€1,860€1,860€1,860€1,860€1,860=
Non-distributable reserves130/1---€1,860€1,860€1,860€1,860=
Reserves not available under the articles1311---€1,860€1,860€1,860€1,860=
Profit (loss) carried forward14€138,583€193,283€169,618€224,352€303,072€289,560€397,296▲ 37.2%
Amounts payable17/49€164,129€323,590€59,715€164,910€385,175€253,093€433,427▲ 71.3%
Amounts payable within one year42/48€164,129€323,590€59,715€164,910€385,175€253,093€433,427▲ 71.3%
Trade debts44€19,390€74,089€31,353€39,162€35,841€72,510€97,733▲ 34.8%
Suppliers440/4---€39,162€35,841€72,510€97,733▲ 34.8%
Advances received on contracts in progress46---€11,435-€1,949€58,983▲ 2,926%
Taxes, remuneration and social security45---€112,781€349,334€178,634€276,710▲ 54.9%
Taxes450/3---€82,207€242,376€94,138€208,435▲ 121%
Remuneration and social security454/9---€30,574€106,958€84,497€68,275▼ 19.2%
Other amounts payable47/48---€1,533----
Line2018201920202021202220232024Change
Profit (loss) for the period9904€123,746€94,700-€23,665€54,734€78,720-€13,512€107,737-
+ Depreciation and write-downs630€929€1,929€1,000€1,000€1,000€999€1,150▲ 15.1%
Operating cash flow (approximation)€124,675€96,630-€22,665€55,734€79,720-€12,513€108,887-
Investment in fixed assets (approximation)--€5,000€0€0€0€0-€5,750-
Change in cash----€417€54,741-€58,753€4,550-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Latest 10 of 19 filings with the National Bank
Financial year Type Filed Reference
31-12-2024 micro format 01-09-2025 2025-00462829
31-12-2023 micro format 08-01-2025 2025-00001741
31-12-2022 micro format 31-12-2023 2023-00540480
31-12-2021 micro format 18-11-2022 2022-20525595
31-12-2020 micro format 07-12-2021 2021-79800416
31-12-2019 micro format 09-12-2020 2020-75000339
31-12-2018 micro format 05-11-2019 2019-73400338
31-12-2017 micro format 20-09-2018 2018-64500310
31-12-2016 abbreviated format 19-02-2018 2018-05100271
31-12-2015 abbreviated format 19-07-2016 2016-33800312

Show all 19 filings

Similar companies · same sector, comparable size

Of the 686 active companies whose main activity is investigation and private security services (NACE 80010), figures are known for 352. 226 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.