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SECURITAS

Active
Public limited companyfounded 1985active for 41 yearsKouterveldstraat 7A, 1831 Machelen (Brab.), Belgium16 active companies are registered at this addressKBO/BCE: BE 0427.388.334
Summary

SECURITAS has been active since 1985 and the Belgian Official 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 about 11% per year across the filed financial years. Its solvency ranks better than 37% of 80 sector peers (NACE 80, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (low).

Overview

Activity
Investigation and private security services
NACE 80010
Largest employer in Belgium, Security and investigation sector8 sites
Size
€369.4mturnover 2025
Staff
4,594.8 FTE
Equity
€45.3m
Loss
-€6.2m
Financial health
79 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.5%
Structure
Parent
Securitas AB · 100%
Board
5 members
Holdings
11
Auditor: Enst & Young BedrijfsrevisorenAccounts 30 days early12 of 57 deeds read
Why 79raises riskLiquidity: current ratio 1.25, cash €1.4mEquity €45.3m (21.0% of total assets)Loss of €6.2m, the second in a row (financial year 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%
Financially better than 29% of its sector peers (all companies)
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).

Sector median 0.4% (10 companies, NACE 80, large)
Last 24 months 11-2024: 3.5% 12-2024: 3.6%▲ +0.1 percentage points vs 11-2024highest value 01-2025: 3.6%● unchanged vs 12-2024highest value 02-2025: 3.5%▼ -0.1 percentage points vs 01-2025 03-2025: 3.5%● unchanged vs 02-2025 04-2025: 3.5%● unchanged vs 03-2025 05-2025: 3.3%▼ -0.2 percentage points vs 04-2025 06-2025: 3.3%● unchanged vs 05-2025 07-2025: 3.3%● unchanged vs 06-2025 08-2025: 1.6%▼ -1.7 percentage points vs 07-2025 09-2025: 1.6%● unchanged vs 08-2025 10-2025: 1.6%● unchanged vs 09-2025 11-2025: 1.6%● unchanged vs 10-2025 12-2025: 1.6%● unchanged vs 11-2025 01-2026: 1.6%● unchanged vs 12-2025 02-2026: 1.0%▼ -0.6 percentage points vs 01-2026 03-2026: 1.0%● unchanged vs 02-2026 04-2026: 1.0%● unchanged vs 03-2026 05-2026: 1.1%▲ +0.1 percentage points vs 04-2026 06-2026: 1.1%● unchanged vs 05-2026 07-2026: 1.0%▼ -0.1 percentage points vs 06-2026 08-2026: 0.5%▼ -0.5 percentage points vs 07-2026lowest value 09-2026: 0.5%● unchanged vs 08-2026lowest value 10-2026: 0.5%● unchanged vs 09-2026lowest value
Credit of up to €3,550,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.25, compared with 1.16 in 2024, below the usual 1.5; short-term debt: 49% and cash: 0.6% of total assets), and 79% 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 33% on solvency, 22% on liquidity, 27% on profitability and 36% on growth.

The bankruptcy probability was computed on 22-10-2026 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).

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Signals

Six signals.
raises riskneutral
raises risk · Liquidity: current ratio 1.25, cash €1.4m
NBB · annual accounts
raises risk · Equity €45.3m (21.0% of total assets)
NBB · annual accounts
raises risk · Loss of €6.2m, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Size: turnover €369.4m, 4,594.8 FTE, total assets €215.8m
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
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 2025
Net 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 filings
Deviation from the deadline
2025
30 days early
2024
31 days early
2023
15 days early
2022
24 days early
2021
24 days early
2020
31 days early
2019
29 days 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 (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 7 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
23-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. RestructuringMerger · Shareholding · Custody…
  2. Reappointments: Delphine Counye (director) and Jean-Philippe…Appointment: Daniela Pandrea (director) ·…
  3. Annual accounts filedfinancial year 2025 · full…

Key points

  • Risk: 6 loss-making years in a rowloss financial year 2025 -€6.2m View
  • Caution: Among the weakest 5% on net resultsector median €25,297 · 79 companies -€6.2m View
  • Positive: Result rose in 2025from -€26.9m to -€6.2m ▲ 77.1% View
  • Controlled by Securitas ABthe company in turn controls 12 companies 100% View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Merger with Services in Safetymerger on 30-06-2026 2026 View
  • EU supportawarded from 2021 to 2025 €8.5m View
  • New directorlatest change 12-06-2026 · 5 in office 1 joined View

By topic

Financials

Financial year
2025
Turnover
€369.4m
Loss
-€6.2m
Solvency
21.0%
Turnover▲ 4.6%
Net result
20182025
Go to Financials

Board & ownership

Board
5 members
Parent
Securitas AB · 100%
Auditor
Enst & Young Bedrijfsrevisoren
  • Karolien VerbeirenManaging director
  • Daniela PandreaDirector
  • Delphine CounyeDirector
  • Frank LambrigtsDirector
  • Jean-Philippe HayDirector
Go to Board & ownership

Network & group

Subsidiaries
12
Holdings
11
Connected companies
1
Mergers and asset contributions
1

12 subsidiaries

Go to Network & group

Timeline

Events
73
Since
1987
Next accounts
by 31-07-2027
  1. 20-05-2026Restructuring
  2. 25-11-2025Resignation: Isabelle Van Iseghem (director)
  3. 14-07-2025Reappointment: Frank Lambrigts (director)
Go to Timeline

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
Go to Company details

Articles of association

Provisions read
5
Purpose
“De levering van diensten die rechtstreeks of onrechtstreeks verband houden met…” (deed in Dutch)
Go to Articles of association

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