Financials
- Fiscal year
- 2025
- Turnover
- €369.4m
- Loss
- -€6.2m
- Solvency
- 21.0%
Turnover▲ 4.6%
Net result
20182025
SECURITAS
ActiveSummary
SECURITAS has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €45.3m and a net result of -€6.2m. Equity is shrinking by ~11.1% per year across the filed fiscal years. Its solvency ranks better than 37% of 71 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Overview
Activity
Investigation and private security services
NACE 80010NACE 74601NACE 80100
#1 employer in Belgium, Security and investigation sector8 sites
Size
€369.4mturnover 2025
- Staff
- 4,594.8 FTE
- Equity
- €45.3m
- Loss
- -€6.2m
Structure
- Parent
- Securitas AB · 100%
- Board
- 3 members
- Holdings
- 11
Accounts 30 d early3 of 57 deeds read
Why 79- Liquidity: current ratio 1.25, cash €1.4m- Equity €45.3m (21.0% of total assets)- Loss of €6.2m, the second in a row (FY 2025)- Size: turnover €369.4m, 4,594.8 FTE, total assets €215.8mShow the evidence
Checked score
Score 2025
79
/ 100
Excellent
Probability in this band: under 0.55%
Better than 28% of its sector peers (all companies)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
46+1
equity 21.0% of total assets
Liquidity
26-1
short-term debt 49.0% · cash 0.6%
Profitability
38+17
return on assets -2.8%
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 3.5%
12-2024: 3.6%▲ +2.4% vs 11-2024highest value
01-2025: 3.6%● 0.0% vs 12-2024highest value
02-2025: 3.5%▼ -2.8% vs 01-2025
03-2025: 3.5%▲ +1.1% vs 02-2025
04-2025: 3.5%● 0.0% vs 03-2025
05-2025: 3.3%▼ -7.1% vs 04-2025
06-2025: 3.3%▲ +1.8% vs 05-2025
07-2025: 3.3%● 0.0% vs 06-2025
08-2025: 1.6%▼ -53.2% vs 07-2025
09-2025: 1.6%● 0.0% vs 08-2025
10-2025: 1.6%● 0.0% vs 09-2025
11-2025: 1.6%● 0.0% vs 10-2025
12-2025: 1.6%● 0.0% vs 11-2025
01-2026: 1.6%● 0.0% vs 12-2025
02-2026: 1.0%▼ -35.4% vs 01-2026
03-2026: 1.0%▲ +1.4% vs 02-2026
04-2026: 1.0%▲ +1.8% vs 03-2026
05-2026: 1.1%▲ +1.6% vs 04-2026
06-2026: 1.1%▲ +2.2% vs 05-2026
07-2026: 1.0%▼ -3.2% vs 06-2026
08-2026: 0.5%▼ -49.8% vs 07-2026lowest value
09-2026: 0.5%● 0.0% vs 08-2026lowest value
10-2026: 0.5%● 0.0% vs 09-2026lowest value
- Liquidity: current ratio 1.25, cash €1.4m raises the probability
- Equity €45.3m (21.0% of total assets) raises the probability
- Loss of €6.2m, the second in a row (FY 2025) raises the probability
- Size: turnover €369.4m, 4,594.8 FTE, total assets €215.8m raises the probability for this profile
Credit up to €3,550,000 at 30 days acceptable
Liquidity tight (current ratio 1.25 against 1.16 in 2024; short-term debt: 49% and cash: 0.6% of total assets), and 79% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (all companies). Better than this share of them on solvency 33%, liquidity 22%, profitability 25%, growth against the median 33%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€6.2m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
30 d early
2024
31 d early
2023
15 d early
2022
24 d early
2021
24 d early
2020
31 d early
2019
29 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 26 days before 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 (2)
neutral · 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. Usually files around 7 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
03-10-2026 today31-12-2026 close31-07-2027 deadline
- RestructuringMerger · Shareholding · Custody…
- Reappointments: Delphine Counye (director) and Jean-Philippe…Appointment: Daniela Pandrea (director) ·…
- Annual accounts filedfiscal year 2025 · full…
Key points
- Risk: 6 loss-making years in a rowloss fiscal year 2025 -€6.2m View
- Caution: Among the weakest 5% on net resultsector median €26,957 · 70 companies -€6.2m View
- Positive: Result rose in 2025from -€26.9m to -€6.2m ▲ 77.1% View
- Controlled by Securitas ABknown shareholders 100% 100% View
- Positive: Always filed on timeaccounts within the deadline every year 8 years View
- Merger with Services in Safetymerger on 30-06-2026 2026 View
- EU supportawarded 2021 - 2025 €8.5m View
- New directorlatest change 12-06-2026 · 3 in office 1 joined View
By topic
Board & ownership
- Board
- 3 members
- Parent
- Securitas AB · 100%
- Known shareholders
- 100%
Go to Board & ownership
Network & group
- Subsidiaries
- 12
- Holdings
- 11
- Mergers and contributions
- 1
12 subsidiaries
Timeline
- Events
- 15
- Since
- 2018
- Next accounts
- by 31-07-2027
- 03-08-2026Restructuring
- 10-07-2026Reappointments: Delphine Counye (director) and Jean-Philippe Hay…
- 01-07-2026Annual accounts filed
Company details
- Sites
- 8
- Legal form
- Public limited company
- Activity
- Investigation and private security servicesNACE 80010
- Founded
- 24-06-1985
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 1
- Purpose
- De levering van diensten die rechtstreeks of onrechtstreeks verband houden met…
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