RUSSO SECURITY
BankruptcySummary
The KBO register records for RUSSO SECURITY the legal situation: open bankruptcy; this is today's state according to the register itself, which carries no start date. The 2021 annual accounts show equity of €250,850 and a net result of -€412,574.
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Open bankruptcy
Source: KBO register
The KBO register records a bankruptcy for this company. If it owes you money, you are not paid automatically: you file your claim yourself.
The procedure
The publication of the judgment is not in our data. Court, date and curator are in RegSol: search by the enterprise number.
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
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General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 27-09-2022, 58 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
not filed
2023
not filed
2022
not filed
2021
58 d late
2020
31 d late
2019
17 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 35 days after the deadline; the sector median for financial year 2024 is 2 days before the deadline, and 42% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Investigation and private security services sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2021, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€412,574
2020 · €888,829
Working capital
-€127,399
2020 · €273,793
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 80, Investigation and security 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
Line2018201920202021
Operating result€45,409-€92,332▲ 103%€763,316▲ 727%-€375,356
Net result-€13,346-€26,611€888,829above the sector's middle half▲ 3,240%-€412,574below the sector's middle half
Equity-€189,260--€150,249▲ 20.6%€663,423within the sector's middle half€250,850within the sector's middle half▼ 62.2%
Total assets€1.9m-€2.2m▲ 16.0%€2.6mwithin the sector's middle half▲ 15.0%€2.0mwithin the sector's middle half▼ 21.7%
Debt€2.1m-€2.4m▲ 12.7%€1.9m▼ 20.3%€1.7m▼ 7.4%
Working capital€459,313--€567,057€273,793within the sector's middle half-€127,399below the sector's middle half
Solvency-9.9%--6.8%▲ 3.1pp26.0%within the sector's middle half▲ 32.8pp12.6%within the sector's middle half▼ 13.5pp
Current ratio1.38-0.76▼ 0.621.15within the sector's middle half▲ 0.390.93within the sector's middle half▼ 0.22
Return on assets (ROA)-0.7%-1.2%▲ 1.9pp34.9%above the sector's middle half▲ 33.7pp-20.6%below the sector's middle half▼ 55.5pp
Staff (FTE)56-69.6▲ 24.3%70.3within the sector's middle half▲ 1.0%73.2above the sector's middle half▲ 4.1%
above
within
below
the middle half (P25 to P75) of NACE 80, Investigation and security activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €375,356 after €763,316 in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €2.0m
Fixed assets
€378,249 ▼ 2.9%
Current assets
€1.6m ▼ 25.0%
Equity and liabilities €2.0m
Equity
€250,850 ▼ 62.2%
Debt
€1.7m ▼ 7.4%
Debt's share of the balance-sheet total rises from 74.0% to 87.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€346,287▼
2020 · €799,242
Cash flow
-€383,504▼
2020 · €924,755
Debt to equity
6.96
ROE
-164.5%▼
2020 · 134.0%
Interest coverage
-6.94
Debt ≤ 1 year
€1.7m▼
2020 · €1.9m
Staff costs
€3.4m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €3.4m | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €53,733 | €56,810 | €35,926 | €29,069 | ▼ 19.1% |
| Other operating charges640/8 | - | - | - | €81,703 | - |
| Gross operating margin9900 | €2.6m | €3.3m | €4.2m | €3.2m | ▼ 23.7% |
| Operating profit (loss)9901 | €45,409 | €92,332 | €763,316 | -€375,356 | ▼ 149% |
| Financial income75/76B | - | - | - | €12,648 | - |
| Recurring financial income75 | €8,091 | €856 | €75,157 | €341 | ▼ 99.5% |
| Non-recurring financial income76B | - | - | - | €12,307 | - |
| Financial charges65/66B | - | - | - | €49,866 | - |
| Recurring financial charges65 | €66,014 | €67,071 | €32,126 | €49,866 | ▲ 55.2% |
| Profit (loss) for the period before taxes9903 | -€12,514 | €26,611 | €888,829 | -€412,574 | ▼ 146% |
| Income taxes67/77 | €832 | - | - | - | - |
| Profit (loss) for the period9904 | -€13,346 | €26,611 | €888,829 | -€412,574 | ▼ 146% |
| Profit (loss) for the period to be appropriated9905 | -€13,346 | €26,611 | €888,829 | -€412,574 | ▼ 146% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €1.9m | €2.2m | €2.6m | €2.0m | ▼ 21.7% |
| Fixed assets21/28 | €233,873 | €425,557 | €389,631 | €378,249 | ▼ 2.9% |
| Intangible fixed assets21 | €31,463 | €9,204 | €1,393 | - | - |
| Tangible fixed assets22/27 | €196,829 | €163,501 | €135,386 | €125,398 | ▼ 7.4% |
| Land and buildings22 | - | - | - | €96,631 | - |
| Plant, machinery and equipment23 | - | - | - | €8,039 | - |
| Furniture and vehicles24 | - | - | - | €18,046 | - |
| Leasing and similar rights25 | - | - | - | €2,682 | - |
| Financial fixed assets28 | €5,581 | €252,852 | €252,852 | €252,852 | = |
| Current assets29/58 | €1.7m | €1.8m | €2.2m | €1.6m | ▼ 25.0% |
| Amounts receivable within one year40/41 | €1.6m | €1.8m | €2.0m | €1.5m | ▼ 23.3% |
| Trade receivables40 | - | - | - | €1.4m | - |
| Other amounts receivable41 | - | - | - | €125,264 | - |
| Cash at bank and in hand54/58 | €19,557 | €23,736 | €141,442 | €52,103 | ▼ 63.2% |
| Deferred charges and accrued income490/1 | - | - | - | €21,092 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €1.9m | €2.2m | €2.6m | €2.0m | ▼ 21.7% |
| Equity10/15 | -€189,260 | -€150,249 | €663,423 | €250,850 | ▼ 62.2% |
| Contributions10/11 | €6,200 | €18,600 | - | €18,600 | - |
| Revaluation surpluses12 | - | - | - | €78,368 | - |
| Reserves13 | €1.5m | €1.5m | €1.5m | €1.5m | = |
| Non-distributable reserves130/1 | - | - | - | €1.5m | - |
| Reserves not available under the articles1311 | - | - | - | €1.5m | - |
| Profit (loss) carried forward14 | -€1.9m | -€1.9m | -€963,179 | -€1.4m | ▼ 42.8% |
| Amounts payable17/49 | €2.1m | €2.4m | €1.9m | €1.7m | ▼ 7.4% |
| Amounts payable after more than one year17 | €882,446 | - | - | - | - |
| Amounts payable within one year42/48 | €1.2m | €2.4m | €1.9m | €1.7m | ▼ 7.4% |
| Trade debts44 | €425,466 | €1.0m | €678,159 | €804,693 | ▲ 18.7% |
| Suppliers440/4 | - | - | - | €804,693 | - |
| Taxes, remuneration and social security45 | - | - | - | €630,369 | - |
| Taxes450/3 | - | - | - | €89,715 | - |
| Remuneration and social security454/9 | - | - | - | €540,654 | - |
| Other amounts payable47/48 | - | - | - | €312,092 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,346 | €26,611 | €888,829 | -€412,574 | ▼ 146% |
| + Depreciation and write-downs630 | €53,733 | €56,810 | €35,926 | €29,069 | ▼ 19.1% |
| Operating cash flow (approximation) | €40,387 | €83,421 | €924,755 | -€383,504 | ▼ 141% |
| Investment in fixed assets (approximation) | - | -€248,494 | €0 | -€17,688 | - |
| Change in cash | - | €4,179 | €117,706 | -€89,339 | ▼ 176% |
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
2026
23-02
KBO administration
Address struck
Rue de Coeurcq 110 L’adresse du siège Rue de Coeurcq 110 1480 Die Sitzadresse Rue de Coeurcq 110 1480
1480 Tubize werd doorgehaald met ingang Tubize · event 09-02-2026
2022
27-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 58 days late
2021
31-12
Financial
Weakest financial yearnet -€412,574
Net result drops to -€412,574, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €888,829 ▲3,240%
Operating result €763,316, net result €888,829, both a record.
31-12
Financial
Equity above €500,000Eq €663,423
2 profitable years in a row build equity to €663,423.
17-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 17 days late
2019
31-12
Financial
Back to profitnet €26,611
Net result €26,611 after one loss-making year.
17-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 78 days late
2018
08-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 69 days late
02-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 186 days late
2017
24-03
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 236 days late
Show earlier events
2015
27-11
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 119 days late
2014
17-10
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 78 days late
2013
30-12
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 152 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Tubize · 1 establishment unit since 2002
Ground area
1,077 m²
Building footprint
121 m²
Parcel 25105D0416/00M000, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Establishment
since 20022.098.933.312
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25105D0416/00M000 | Wallonia | 1,077 m² | 1 · 121 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.
Structure & network
Owners and holdings
1 ownerOwners 1
-
25.07%
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. 245 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)
Founded11-08-2000
Fiscal year end31-12
Activities, NACEBEL 2025
80010Investigation and private security services
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.