SECURITAS
ActiveSECURITAS has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €45.28M and a net result of €-6.15M. Equity is shrinking by ~11.1% per year across the filed fiscal years. Its solvency ranks better than 34% of 50 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
53
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability38▲+17
Solvency46▲+1
Growth36▲+1
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2M 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.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
21%
Return on assets
-2.8%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 80
Relative position
BE, all sectors
reference
Sector 80
lower
← fewer bankruptcies
more bankruptcies →
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 €-6.15M
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 →
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.
Companies Code · seven monthsPosition in the running window
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema, statutory
Turnover
€369.40M▲ 4.6%
2024 · €352.99M
2018: €305.52M
2019: €312.64M
2020: €312.87M
2021: €318.89M
2022: €314.59M
2023: €351.43M
2024: €352.99M
2018 → 2025
EBIT margin
1.6%▲ 0.4pp
2024 · 1.2%
2018: 3.8%
2019: 2.1%
2020: -2.2%
2021: 1.0%
2022: 0.3%
2023: 0.8%
2024: 1.2%
2018 → 2025
Net result
€-6.15M▲ 77.1%
2024 · €-26.90M
2018: €16.42M
2019: €5.34M
2020: €-6.73M
2021: €-507k
2022: €-45.03M
2023: €-43.65M
2024: €-26.90M
2018 → 2025
Working capital
€25.93M▲ 31.0%
2024 · €19.80M
2018: €23.92M
2019: €18.42M
2020: €22.61M
2021: €28.34M
2022: €30.45M
2023: €25.85M
2024: €19.80M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€318.89M-€314.59M▼ 1.3%€351.43M▲ 11.7%€352.99M▲ 0.4%€369.40M▲ 4.6%
Equity€82.00M-€36.97M▼ 54.9%€-6.68M€51.43M€45.28M▼ 12.0%
Operating result€3.07M-€1.04M▼ 65.9%€2.94M▲ 182%€4.28M▲ 45.4%€6.02M▲ 40.8%
Net result€-507k-€-45.03M▼ 8,780%€-43.65M▲ 3.1%€-26.90M▲ 38.4%€-6.15M▲ 77.1%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 41% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €215.85M
Fixed assets
€84.07M▼ 24.1%
Current assets
€131.78M▼ 7.9%
Equity and liabilities €215.85M
Equity
€45.28M▼ 12.0%
Provisions
€2.87M▼ 18.2%
Debt
€167.70M▼ 15.7%
The debt ratio falls from 78.4% to 77.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€12.14M▲
2024 · €10.45M
Cash flow
€-30k▲
2024 · €-20.73M
Solvency
21.0%▲
2024 · 20.3%
Current ratio
1.25▲
2024 · 1.16
Quick ratio
0.92▲
2024 · 0.78
Debt / equity
3.70▼
2024 · 3.87
ROE
-13.6%▲
2024 · -52.3%
ROA
-2.8%▲
2024 · -10.6%
Interest coverage
3.08▲
2024 · 1.30
Debt
€167.70M▼
2024 · €198.87M
Debt ≤ 1 year
€105.84M▼
2024 · €123.23M
Debt > 1 year
€53.01M▼
2024 · €69.12M
Income taxes
€2.13M▼
2024 · €2.40M
Staff costs
€302.53M▲
2024 · €299.90M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€253.80M€215.85M▼
Fixed assets21/28€110.77M€84.07M▼
Intangible fixed assets21€4.51M€1.35M▼
Tangible fixed assets22/27€15.27M€14.83M▼
Land and buildings22€591k€15k▼
Plant, machinery and equipment23€5.02M€5.30M▲
Furniture and vehicles24€110k€82k▼
Other tangible fixed assets26€7.44M€6.53M▼
Assets under construction and advance payments27€2.11M€2.90M▲
Financial fixed assets28€90.99M€67.89M▼
Affiliated companies280/1€90.98M€67.88M▼
Participating interests280€90.98M€67.88M▼
Other financial fixed assets284/8€14k€14k▲
Shares284€125€125=
Amounts receivable and cash guarantees285/8€14k€14k▲
Current assets29/58€143.03M€131.78M▼
Stocks and contracts in progress3€47.32M€34.54M▼
Stocks30/36€9.37M€7.45M▼
Goods purchased for resale34€9.37M€7.45M▼
Contracts in progress37€37.95M€27.09M▼
Amounts receivable within one year40/41€89.83M€90.93M▲
Trade receivables40€77.49M€78.50M▲
Other amounts receivable41€12.34M€12.43M▲
Current investments50/53€2k€2k=
Other investments51/53€2k€2k=
Cash at bank and in hand54/58€1.67M€1.37M▼
Deferred charges and accrued income490/1€4.21M€4.94M▲
Equity and liabilities
Total equity and liabilities10/49€253.80M€215.85M▼
Equity10/15€51.43M€45.28M▼
Contributions10/11€70.70M€70.70M=
Capital10€70.70M€70.70M=
Issued capital100€70.70M€70.70M=
Reserves13€9.16M€9.16M=
Non-distributable reserves130/1€1.51M€1.51M=
Legal reserve130€1.51M€1.51M=
Distributable reserves133€7.66M€7.66M=
Profit (loss) carried forward14€-28.43M€-34.59M▼
Provisions and deferred taxes16€3.51M€2.87M▼
Provisions for liabilities and charges160/5€3.51M€2.87M▼
Pensions and similar obligations160€0-
Other liabilities and charges164/5€3.51M€2.87M▼
Amounts payable17/49€198.87M€167.70M▼
Amounts payable after more than one year17€69.12M€53.01M▼
Financial debts170/4€69.12M€53.01M▼
Subordinated loans170€34.00M€34.00M=
Credit institutions173€20k€20k=
Other loans174€35.09M€18.99M▼
Amounts payable within one year42/48€123.23M€105.84M▼
Financial debts43€3.86M€0▼
Other loans439€3.86M€0▼
Trade debts44€21.18M€18.24M▼
Suppliers440/4€21.18M€18.24M▼
Advances received on contracts in progress46€31.73M€21.61M▼
Taxes, remuneration and social security45€58.26M€56.91M▼
Taxes450/3€11.03M€10.79M▼
Remuneration and social security454/9€47.23M€46.12M▼
Other amounts payable47/48€8.20M€9.08M▲
Accrued charges and deferred income492/3€6.53M€8.85M▲
Income statement
Code20242025
Operating income70/76A€394.95M€393.58M▼
Turnover70€352.99M€369.40M▲
Change in stocks of work in progress, finished goods and contracts in progress71€6.24M€-10.86M▼
Own construction capitalised72€0€5k▲
Other operating income74€35.72M€35.04M▼
Non-recurring operating income76A€3k€4k▲
Operating charges60/66A€390.68M€387.56M▼
Goods for resale, raw materials and consumables60€31.42M€26.00M▼
Purchases600/8€31.50M€25.63M▼
Change in stocks: decrease (increase)609€-80k€367k▲
Services and other goods61€52.17M€53.06M▲
Remuneration, social security and pensions62€299.90M€302.53M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6.17M€6.12M▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€145k€218k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€469k€-640k▼
Other operating charges640/8€192k€152k▼
Non-recurring operating charges66A€219k€113k▼
Operating profit (loss)9901€4.28M€6.02M▲
Financial income75/76B€921k€16.69M▲
Recurring financial income75€921k€16.69M▲
Income from current assets751€907k€16.66M▲
Other financial income752/9€14k€33k▲
Financial charges65/66B€29.69M€26.73M▼
Recurring financial charges65€8.10M€3.98M▼
Debt charges650€8.04M€3.94M▼
Other financial charges652/9€58k€35k▼
Non-recurring financial charges66B€21.59M€22.75M▲
Profit (loss) for the period before taxes9903€-24.50M€-4.02M▲
Income taxes67/77€2.40M€2.13M▼
Taxes670/3€2.40M€2.13M▼
Profit (loss) for the period9904€-26.90M€-6.15M▲
Profit (loss) for the period to be appropriated9905€-26.90M€-6.15M▲
Appropriation of the result
Profit (loss) to be appropriated9906€-113.43M€-34.59M▲
Profit (loss) brought forward from the previous period14P€-86.54M€-28.43M▲
Transfer from equity791/2€85.00M-
From contributions791€85.00M-
Social balance
Average headcount (FTE)90874,791.14,594.8▼
The notes to these accounts (96 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-08
State Gazette act
RestructuringMerger · Dissolution · Share cancellation5 facts ▸
State Gazette act
Restructuring
Merger · Dissolution · Share cancellation5 facts ▸
- Merger, met fusie door overneming gelijkgestelde verrichting, 30/06/2026
- Dissolution, 2026-06-30
- Share cancellation
- Accounting effect, 01/01/2026
- Power of attorney, Hay Jean-Philippe
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
20-05
State Gazette act
RestructuringBoard meeting · Merger · Accounting effect7 facts ▸
State Gazette act
Restructuring
Board meeting · Merger · Accounting effect7 facts ▸
- Board meeting, 2026-05-07
- Merger, fusie door overneming gelijkgestelde verrichting
- Accounting effect, 2026-01-01
- Capital, €200.000
- Corporate purpose, De vennootschap heeft tot voorwerp: de levering van diensten die rechtstreeks of onrechtstreeks verband houden met veiligheids- en bewakingsactiviteiten; de vei…
- Corporate purpose, De vennootschap heeft als voorwerp: - Het ontwerp, de levering, het plaatsen, installeren, testen, kalibreren, controleren, onderhouden, beheren. herstellen en…
- Power of attorney, Jean-Philippe Hay
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €50MEq €51.43M
Equity rises from €-6.68M to €51.43M.
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Weakest financial yearnet €-45.03M
Net result drops to €-45.03M, the lowest in the series; recovery starts the following year.
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · consolidated
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · consolidated
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
13-10-2025
Isabelle Van Iseghem: Resigned as Director
03-12-2024
Ran Ancho: Resigned as Director
06-12-2023
Erik Cardinaal: Resigned as Director
01-11-2023
Frank Lambrigts: Resigned as Managing director
23-10-2023
Florence Wathelet: Resigned as Director
21-04-2023
jds consult: Resigned as Director
21-04-2023
RUSSEL: Resigned as Director
21-04-2023
VAN ZELE HOLDING: Resigned as Director
25-07-2022
Femke Mathys: Resigned as Director
30-06-2020
Aimé Lyagre: Resigned as Director
30-06-2020
Marc Pissens: Resigned as Director
29-04-2020
Ingrid Merckx: Resigned as Director
29-04-2020
Ingrid Merckx: Resigned as Managing director
02-04-2019
Aimé Lyagre: Resigned as Managing director
19-02-2018
Per Larsson: Resigned as Director
07-12-2017
Régis Gaspar: Resigned as Director
07-12-2017
Régis Gaspar: Resigned as Managing director
10-02-2015
Frank Lambrigts: Resigned as Director
03-05-2013
MINDSPACE: Resigned as Director
25-01-2013
Lucien Meeus: Resigned as Director
Location & real-estate footprint
Registered office, Machelen (Brab.) · 8 establishment units since 1992
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.
Kouterveldstraat 7A1831 Machelen (Brab.)Ground area
227 ha
Building footprint
1.7 ha
Volume, LiDAR
46,096 m³
8 parcels, Brussels, Flanders, Wallonia · tallest building 15.8 m, ±4 floors. Linked by address, not a title deed.
8 establishment units
Securitas
since 19922.057.643.776
SECURITAS
since 20062.152.987.254
SECURITAS
since 20122.215.445.257
SECURITAS
since 20122.215.445.455
SECURITAS
since 20122.215.445.653
SECURITAS
since 20122.215.446.445
Show 2 more locations
Securitas
since 20242.352.839.423
Securitas
since 20242.357.390.307
8 parcels
Flanders
5
(62.5%)
Wallonia
2
(25%)
Brussels
1
(12.5%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62016B0220/00Z000 | Wallonia | 221 ha | - | - |
| 23015B0163/00D003 | Flanders | 2.7 ha | 1 · 9,977 m² | - |
| 23095C0033/00P006 | Flanders | 9,061 m² | 1 · 1,878 m² | 15.8 m · 4 fl. |
| 25099D0047/00D000 | Wallonia | 8,020 m² | 1 · 1,507 m² | - |
| 21819A0046/00G000 | Brussels | 5,000 m² | 1 · 930 m² | 8.7 m · 3 fl. |
| 44018A0251/00T000 | Flanders | 4,801 m² | 1 · 371 m² | 9.4 m · 2 fl. |
| 11463D0190/00E000 | Flanders | 4,700 m² | 1 · 2,210 m² | 12.5 m · 3 fl. |
| 13373L0340/00K002 | Flanders | 542 m² | 1 · 239 m² | 11.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 7
8 of 8 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
1 auditor| PWC Bedrijfsrevisoren BCVBA Statutory auditor · represented by Didier Delanoye | - → 24-08-2021 |
Structure & network
Connections & network
1 connected companyNetwork connections
Shared address
→
Acquisitions and mergers
1 transactionTook over:Services in Safety
Group per the LEI register
1 parent companyParent company:Securitas AB
Public money · subsidies and aid
Flemish government
2022 to 2025 · 7 entries · 5,300,935 EUR awarded · 5,300,935 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 1,237,488 EUR | 1,237,488 EUR |
| 2024 | 2 | 955,181 EUR | 955,181 EUR |
| 2023 | 2 | 1,985,269 EUR | 1,985,269 EUR |
| 2022 | 1 | 1,122,997 EUR | 1,122,997 EUR |
Schemes
Vlaams opleidingsverlof (VOV)
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Federal government
2024 to 2025 · 3 entries · 1,343,419 EUR in total| Year | Department | Transactions | Amount |
|---|---|---|---|
| 2025 | FOD Economie | 1 | 388,823 EUR |
| 2024 | FOD Economie | 1 | 954,112 EUR |
| 2024 | FOD Mobiliteit | 1 | 484 EUR |
Budget allocations
Subsidies voor de verbetering van telecommunicatieconnectiviteit
Samenwerkingsakkoord Beliris - Kapitaalover- drachten Brussels Hoofdstedelijk Gewest
European Union, budget
2021 to 2025 · 50 entries · 8,548,475 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2025 | 1 | 101,419 EUR |
| 2024 | 4 | 1,898,390 EUR |
| 2023 | 4 | 1,763,850 EUR |
| 2022 | 2 | 299,961 EUR |
| 2021 | 39 | 4,484,855 EUR |
Projects
GUARDING SERVICES
GUARDING SERVICES
GUARDING SERVICES
SECURITY INSTALLATIONS
GUARDING SERVICES
Show 35 more projects
GUARDING SERVICES
SECURITY INSTALLATIONS
SECURITY INSTALLATIONS
SECURITY INSTALLATIONS
SECURITY INSTALLATIONS
TECHNICAL SECURITY MAINTENANCE
SECURITY INSTALLATIONS
SECURITY INSTALLATIONS
SECURITY INSTALLATIONS
GUARDING SERVICES
TECHNICAL SECURITY MAINTENANCE
SPECIFIC CONTRACT CS 008 IMPLEMENTING FWC HR/R3/PR/2014/01, PROVISION AND FITTING ELECTRONIC LOCKS
GUARDING SERVICES
SUPPLY OF COMMUNICATION RADIOS
TECHNICAL SECURITY INSTALLATIONS
SECURITY INSTALLATIONS
SECURITY INSTALLATIONS
SECURITY INSTALLATIONS
SECURITY INSTALLATIONS
SECURITY INSTALLATIONS
SPECIFIC CONTRACT CS 007 IMPLEMENTING FWC HR/R3/PR/2014/01, PROVISION AND FITTING ELECTRONIC LOCKS
SECURITY INSTALLATIONS
SECURITY INSTALLATIONS
SECURITY INSTALLATIONS
SECURITY INSTALLATIONS
SECURITY INSTALLATIONS
SECURITY INSTALLATIONS
SECURITY INSTALLATIONS
SECURITY INSTALLATIONS
SPECIFIC CONTRACT CS 008 IMPLEMENTING FWC HR/R3/PR/2014/01, PROVISION AND FITTING ELECTRONIC LOCKS
SECURITY INSTALLATIONS
SECURITY INSTALLATIONS
SECURITY INSTALLATIONS
AUTRES DÉPENSES LIÉES AUX IMMEUBLES
SECURITY INSTALLATIONS
Recognitions · licences · registrations
Recognised contractor
6 categoriesSECURITAS NV30464
Dual-learning approval
4 endedLegal Entity Identifier
254900ETUVBW71WT4671
Similar companies · same sector, comparable size
VERISURE
BE 0459.866.904
Brussel · Eq €50.54M
SECURITAS ALERT SERVICES
BE 0461.363.870
Machelen (Brab.) · Eq €27.31M
DIAMOND CENTER
BE 0423.840.411
Antwerpen · Eq €16.15M
G4S AVIATION SECURITY
BE 0417.198.780
Brussel · Eq €15.15M
FOOD CONSULTANCY INVEST
BE 0438.641.225
Antwerpen · Eq €12.01M
Of 700 companies in sector 80010 we hold annual accounts for 349. 13 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded24-06-1985
Fiscal year end31-12
Abbreviation NL
SECURIS
Activities, NACEBEL
74601
80010Investigation and private security services
80100Investigation and security activities
Sources
Crossroads Bank for EnterprisesNational Bank · 59 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
4 entriesWebsite:www.saitzenitel.com
E-mail:info.belgium@saitzenitel.com
Phone:+32 2 370 53 11
Fax:+32 2 370 51 19