SECURITY MASTERS (0892.819.672): financials and annual accounts

SECURITY MASTERS

Antwerp ·KBO/BCE: BE 0892.819.672

Line	2025	2024	2023	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Balance sheet: assets
`20/58`	2.4m	2.5m	5.3m	7.3m	2.9m	2.2m	2.3m	2.6m	2.6m	2.1m	2.0m	1.7m	843,720	327,917	274,439	294,731	301,888
`21/28`	182,401	292,298	406,522	448,048	296,456	358,213	410,344	456,170	433,805	423,785	456,885	493,899	472,366	69,124	18,129	39,375	53,778
`21`	0	0	5,645	42,017	28,621	-	-	-	-	-	-	-	-	-	-	-	-
`22/27`	182,321	292,218	400,797	405,646	267,451	357,829	409,959	455,460	433,400	423,380	370,393	428,899	422,366	69,124	18,129	39,375	53,778
`22`	98,878	114,117	129,355	155,826	172,305	189,484	202,292	217,812	243,033	271,472	299,910	328,348	308,278	-	-	-	-
`23`	5,361	3,601	2,689	14,359	-	-	3,006	7,180	8,783	7,154	9,985	12,937	7,407	2,981	977	2,798	7,105
`24`	54,529	40,423	92	46,401	35,255	84,984	204,661	230,468	181,583	144,755	60,499	87,614	106,681	66,143	17,152	36,577	46,673
`25`	23,552	134,077	268,662	189,060	-	-	-	-	-	-	-	-	-	-	-	-	-
`27`	-	-	-	-	-	26,827	-	-	-	-	-	-	-	-	-	-	-
`28`	80	80	80	385	385	385	385	710	405	405	86,492	65,000	50,000	-	-	-	-
`284/8`	80	80	80	385	385	385	385	710	405	405	-	-	-	-	-	-	-
`285/8`	80	80	80	385	385	385	385	710	405	405	-	-	-	-	-	-	-
`29/58`	2.2m	2.2m	4.9m	6.8m	2.6m	1.8m	1.9m	2.1m	2.2m	1.6m	1.6m	1.2m	371,354	258,793	256,310	255,356	248,109
`29`	-	-	-	-	-	-	-	1,609	4,754	67,515	-	-	-	-	-	-	-
`291`	-	-	-	-	-	-	-	1,609	4,754	67,515	-	-	-	-	-	-	-
`40/41`	1.8m	1.6m	4.8m	6.1m	2.4m	1.7m	1.3m	1.6m	1.7m	1.3m	1.1m	1.1m	370,796	228,175	240,406	241,874	244,077
`40`	1.7m	1.3m	2.3m	5.9m	1.4m	1.3m	1.2m	1.5m	1.7m	1.2m	922,087	1.1m	300,174	212,896	225,065	219,618	230,652
`41`	71,444	372,344	2.5m	176,964	1.0m	374,659	105,928	42,212	31,834	30,926	145,913	22,254	70,623	15,279	15,341	22,256	13,425
`50/53`	-	-	-	-	454	-	-	-	-	-	-	-	-	-	-	-	-
`51/53`	-	-	-	-	454	-	-	-	-	-	-	-	-	-	-	-	-
`54/58`	393,949	553,708	86,404	256,992	106,029	109,331	444,048	539,866	422,397	288,514	445,763	61,233	-	21,965	9,833	6,059	2,276
`490/1`	6,957	17,584	24,134	433,401	19,862	27,892	67,675	48,100	33,843	23,344	41,114	25,907	558	8,652	6,071	7,423	1,756
Balance sheet: equity and liabilities
`10/49`	2.4m	2.5m	5.3m	7.3m	2.9m	2.2m	2.3m	2.6m	2.6m	2.1m	2.0m	1.7m	843,720	327,917	274,439	294,731	301,888
`10/15`	606,292	606,292	574,503	-2.6m	1.0m	530,739	586,369	553,549	469,701	410,400	176,084	175,953	44,559	34,930	44,145	21,618	8,423
`10/11`	3.2m	3.2m	3.2m	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400
`100`	-	-	-	-	-	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
`101`	-	-	-	-	-	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200
`13`	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	-
`130/1`	-	-	0	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-
`130`	-	-	-	-	-	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	-
`1311`	-	-	0	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-
`133`	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`14`	-2.6m	-2.6m	-2.6m	-2.6m	1.0m	516,479	572,109	539,289	455,441	396,140	161,824	161,693	30,299	20,670	29,885	7,358	-3,977
`16`	17,250	47,250	74,000	3.5m	-	-	-	-	-	-	-	-	-	-	-	-	-
`160/5`	17,250	47,250	74,000	3.5m	-	-	-	-	-	-	-	-	-	-	-	-	-
`163`	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`164/5`	17,250	47,250	74,000	3.5m	-	-	-	-	-	-	-	-	-	-	-	-	-
`17/49`	1.8m	1.8m	4.6m	6.4m	1.8m	1.7m	1.7m	2.1m	2.2m	1.6m	1.8m	1.5m	799,161	292,987	230,294	273,113	293,464
`17`	120,724	146,730	202,202	281,276	238,102	265,811	287,013	342,488	355,207	402,138	350,213	414,821	85,221	46,955	12,718	29,370	48,434
`170/4`	120,724	146,730	202,202	281,276	238,102	265,811	287,013	342,488	355,207	402,138	350,213	414,821	85,221	46,955	12,718	29,370	48,434
`172`	0	7,855	47,225	93,655	35,021	36,711	-	-	-	-	-	-	-	-	-	-	-
`173`	120,724	138,876	154,977	187,622	202,519	227,366	278,458	327,298	333,562	374,212	-	-	-	-	-	-	-
`174`	-	-	-	-	561	1,734	8,554	15,190	21,645	27,926	-	-	-	-	-	-	-
`42/48`	1.6m	1.7m	4.3m	6.1m	1.6m	1.4m	1.4m	1.7m	1.8m	1.2m	1.4m	1.0m	688,101	219,170	198,448	243,743	220,957
`42`	25,325	66,557	139,529	91,550	48,774	76,239	248,400	240,121	212,460	218,633	220,103	73,528	99,697	31,912	76,652	52,063	42,916
`43`	0	419,304	574,130	-	194,950	164,270	-	-	-	-	-	-	305,550	-	-	-	-
`430/8`	-	419,304	574,130	-	194,950	-	-	-	-	-	-	-	305,550	-	-	-	-
`439`	0	-	-	-	-	164,270	-	-	-	-	-	-	-	-	-	-	-
`44`	350,488	210,296	720,995	1.5m	418,994	386,552	313,665	285,899	454,457	336,745	403,711	197,678	123,423	5,096	10,693	47,943	58,019
`440/4`	350,488	210,296	720,995	1.5m	418,994	386,552	313,665	285,899	454,457	336,745	403,711	197,678	123,423	5,096	10,693	47,943	58,019
`45`	885,568	757,016	2.6m	2.7m	925,750	758,465	689,032	958,985	985,963	681,480	628,386	745,680	159,431	162,580	111,103	143,737	120,022
`450/3`	140,424	124,211	741,267	639,884	157,443	29,743	-	248,697	322,504	74,654	32,494	31,047	28,516	46,763	16,590	34,818	31,477
`454/9`	745,144	632,805	1.8m	2.0m	768,307	728,722	689,032	710,289	663,460	606,826	595,892	714,633	130,915	115,817	94,512	108,920	88,545
`47/48`	371,989	227,915	300,000	1.8m	6	33	140,000	223,759	164,051	5,490	185,000	-	-	19,582	-	-	-
`492/3`	5,659	7,255	138,713	11,095	5,972	2,749	-	-	-	-	48,265	63,959	25,839	26,862	19,129	-	24,074
Income statement
`70/76A`	8.7m	8.6m	6.6m	16.9m	10.8m	9.6m	9.6m	10.8m	10.8m	9.0m	-	-	-	-	-	-	-
`70`	8.1m	7.8m	6.1m	15.6m	9.7m	9.0m	8.9m	10.2m	10.2m	8.6m	-	-	-	-	-	-	-
`74`	652,796	794,665	573,681	1.3m	-	-	-	-	-	-	-	-	-	-	-	-	-
`76A`	-	-	-	-	-	-	2,523	13,389	-	1,992	-	-	-	12,264	-	-	-
`9900`	-	-	-	-	-	-	-	-	-	-	6.5m	6.5m	1.4m	1.3m	1.1m	1.0m	748,213
`60/66A`	8.4m	8.3m	6.4m	20.5m	10.1m	9.6m	9.3m	10.4m	10.0m	8.6m	-	-	-	-	-	-	-
`60`	8,237	14,909	16,123	97,348	9,449	568	21,910	126,023	104,941	97,219	-	-	-	-	-	-	-
`600/8`	8,237	14,909	16,123	97,348	9,449	568	21,910	126,023	104,941	97,219	-	-	-	-	-	-	-
`61`	1.4m	1.2m	623,857	2.4m	1.7m	1.5m	1.3m	2.0m	2.3m	1.5m	-	-	-	-	-	-	-
`62`	6.9m	7.0m	5.7m	14.4m	8.4m	8.0m	7.8m	8.2m	7.5m	6.9m	6.1m	6.2m	1.3m	1.2m	1.0m	931,121	707,061
`630`	125,855	137,928	85,424	92,401	59,691	83,878	91,959	104,016	76,065	64,593	76,163	74,359	62,135	37,805	29,545	33,780	29,315
`631/4`	-	-	-	4,179	-	-	-	-	-	-	-	-	-	-	-	-	-
`635/8`	-30,000	-26,750	-	3.5m	-	-	-	-	-	-	-	-	-	-	-	-	-
`640/8`	29,891	42,083	26,022	18,428	22,265	23,019	7,120	6,318	5,486	10,870	4,317	2,412	3,925	8,475	3,408	3,403	3,705
`66A`	-	-	-	-	-	12,484	19,176	-	-	3,179	-	-	3,012	-	-	-	3,417
`9901`	360,697	251,038	209,876	-3.6m	709,484	-17,356	295,703	376,398	744,790	387,082	312,845	229,927	63,145	108,137	41,089	34,675	8,132
`75/76B`	96	2,377	1,681	889	779	343	740	269	2,715	2,166	4,549	3,185	53	56	341	621	356
`75`	96	2,377	1,681	889	779	343	740	269	2,715	2,166	4,549	3,185	53	56	341	621	356
`751`	-	2,188	1,536	-	705	88	239	159	2,715	2,158	-	-	-	-	-	-	-
`752/9`	96	189	145	889	74	254	500	110	-	8	-	-	-	-	-	-	-
`65/66B`	15,136	53,096	46,631	16,572	16,254	19,723	22,206	36,379	31,243	27,434	30,817	28,029	6,235	7,518	3,975	6,055	6,133
`65`	15,136	53,096	46,631	16,572	16,254	19,723	22,206	36,379	31,243	27,434	30,817	28,029	6,235	7,518	3,975	6,055	6,133
`650`	13,023	46,894	45,219	14,745	12,199	13,678	18,685	32,575	26,231	24,348	-	-	-	-	-	-	-
`652/9`	2,113	6,201	1,411	1,827	4,055	6,045	3,520	3,804	5,012	3,086	-	-	-	-	-	-	-
`9903`	345,657	200,319	164,926	-3.6m	694,008	-36,736	274,237	340,288	716,262	360,626	286,578	205,083	53,952	112,939	37,455	29,241	-1,061
`67/77`	1,500	1,530	2,000	5,212	200,962	18,894	101,416	141,302	260,962	126,310	101,448	73,688	24,323	45,210	14,928	16,047	2,915
`670/3`	1,500	3,119	2,000	5,212	200,997	18,894	101,416	141,302	260,962	126,798	-	-	-	-	-	-	-
`77`	-	1,589	-	-	35	0	-	-	-	489	-	-	-	-	-	-	-
`9904`	344,157	198,789	162,926	-3.6m	493,047	-55,630	172,820	198,986	455,300	234,317	185,130	131,394	29,629	67,729	22,527	13,194	-3,977
`9905`	344,157	198,789	162,926	-3.6m	493,047	-55,630	172,820	198,986	455,300	234,317	185,130	131,394	29,629	67,729	22,527	13,194	-3,977
Appropriation of the result
`9906`	-2.3m	-2.4m	-2.6m	-2.6m	1.0m	516,479	712,109	654,427	851,441	396,140	346,824	161,693	50,299	97,614	29,885	9,218	-3,977
`14P`	-2.6m	-2.6m	-2.8m	1.0m	-	-	-	-	-	-	-	-	-	-	-	-	-
`691/2`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,860	-
`6920`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,860	-
`694/7`	344,157	167,000	-	-	-	-	140,000	115,138	396,000	-	185,000	-	20,000	76,944	-	-	-
`694`	344,157	167,000	-	-	-	-	140,000	115,138	396,000	-	185,000	-	-	-	-	-	-
`695`	-	-	-	-	-	-	-	-	-	-	-	-	20,000	76,944	-	-	-
Social balance sheet
`9087`	111.2	116.8	196.2	289	157.8	154.7	156.5	165.3	153.5	139.4	132.6	134.6	29.2	27.5	23.5	21.6	16.5
Men (FTE)`1003`	92.2	94.9	157.4	215.4	142.5	141.3	146	155.2	143.4	129.6	-	-	-	-	-	-	-
Women (FTE)`1003`	19.1	21.9	38.8	73.2	15.3	13.4	10.5	10.1	10.1	9.8	-	-	-	-	-	-	-
Agency workers`1501`	8.6	5.6	8.1	21.4	18	15.3	13.2	24.9	29.3	15.4	-	-	-	-	-	-	-
Hours worked`1013`	171,287	176,679	147,332	424,142	261,038	255,329	259,644	274,896	260,480	241,344	229,164	236,612	50,330	46,353	39,128	40,112	38,065
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Financial year	Type	Filed	Reference	Document
31-12-2025	full format	07-07-2026	2026-00281399	PDF
31-12-2024	full format	17-06-2025	2025-00155944	PDF
31-12-2023	full format	11-07-2024	2024-00254600	PDF
30-06-2023	full format	12-01-2024	2024-00003237	PDF
31-12-2021	full format	28-10-2022	2022-20483897	PDF
31-12-2020	full format	22-07-2021	2021-40900259	PDF
31-12-2019	full format	22-07-2020	2020-34600230	PDF
31-12-2018	full format	27-08-2019	2019-52500345	PDF
31-12-2017	full format	27-08-2018	2018-58300127	PDF
31-12-2016	full format	27-07-2017	2017-38900007	PDF
31-12-2015	full format	29-09-2016	2016-63900571	PDF
31-12-2014	abbreviated format	27-07-2015	2015-35700240	PDF
31-12-2013	abbreviated format	30-06-2014	2014-25000264	PDF
31-12-2012	abbreviated format	25-07-2013	2013-35600473	PDF
31-12-2011	abbreviated format	17-08-2012	2012-42200495	PDF
31-12-2010	abbreviated format	19-07-2011	2011-31700371	PDF
31-12-2009	abbreviated format	17-06-2010	2010-19200580	PDF
31-12-2008	abbreviated format	25-06-2009	2009-30200158	PDF

2025	2024	2023	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
486,552	388,966	295,301	-3.5m	769,175	66,521	387,662	480,414	820,855	451,674	389,008	304,286	125,281	145,942	70,633	68,456	37,447
470,012	336,717	248,351	-3.5m	552,738	28,247	264,779	303,002	531,365	298,909	261,293	205,754	91,764	105,534	52,072	46,975	25,338
15,958	34,684	6,941	243,992	36,276	102,899	75,373	126,076	86,085	146,178	39,149	95,892	465,978	88,800	8,299	19,377	83,093
-159,759	467,304	-	150,963	-3,302	-334,718	-95,818	117,469	133,883	-157,249	384,530	-	-	12,132	3,773	3,783	-
567,524	515,230	582,896	708,917	971,403	441,085	463,038	439,867	391,103	388,753	117,676	160,835	-316,747	39,623	57,863	11,613	27,153
4.5%	3.2%	3.5%	-23.0%	7.3%	-0.2%	3.3%	3.7%	7.3%	4.5%	-	-	-	-	-	-	-
25.4%	24.4%	10.9%	-35.6%	35.8%	24.3%	25.9%	21.3%	17.8%	20.0%	8.8%	10.5%	5.3%	10.7%	16.1%	7.3%	2.8%
1.35	1.31	1.14	1.12	1.61	1.32	1.33	1.26	1.22	1.31	1.08	1.16	0.54	1.18	1.29	1.05	1.12
2.90	3.03	8.09	-	1.79	3.12	2.86	3.71	4.62	4.01	10.43	8.50	17.93	8.39	5.22	12.63	34.84
56.8%	32.8%	28.4%	-	48.2%	-10.5%	29.5%	35.9%	96.9%	57.1%	105.1%	74.7%	66.5%	193.9%	51.0%	61.0%	-47.2%
14.4%	8.0%	3.1%	-49.7%	17.3%	-2.5%	7.6%	7.6%	17.2%	11.4%	9.2%	7.9%	3.5%	20.7%	8.2%	4.5%	-1.3%
37.36	8.29	6.53	-237.10	63.05	4.86	20.75	14.75	31.29	18.55	-	-	-	-	-	-	-
78 days	59 days	139 days	139 days	54 days	53 days	51 days	54 days	62 days	52 days	-	-	-	-	-	-	-
94 days	65 days	411 days	219 days	92 days	92 days	85 days	48 days	69 days	78 days	-	-	-	-	-	-	-

Item	31-12-2025	31-12-2024	31-12-2023	30-06-2023	31-12-2021
Employees at the balance-sheet date	114	111	192	527	625
full-time	108	106	187	401	451
part-time	6	5	5	126	174
in full-time equivalents	112.8	109.8	190.8	496.6	568.4
	111.2	116.8	196.2	586.3	288.6
On a permanent contract	112	104	178	517	601
Joined	50	31	32	216	537
Left	42	103	367	314	65
Agency workers, average number	8.6	5.6	8.1	16.8	21.4
Training hours	3,893	4,808	2,467	22,092	5,556

Item	2025	2024	2023	30-06-2023	2021
Debts secured on the company's own assets	€138,191	€154,977	€171,108	€178,937	€201,508
Mortgages, amount registered	€25,000	€25,000	€25,000	€25,000	€25,000
	€812,000	€812,000	€812,000	€812,000	€812,000
Carrying value of the mortgaged assets	€98,878	€114,117	€129,355	€130,123	€155,826
	-	-	-	-	€165,000

SECURITY MASTERS

Annual accounts 2025

Money flows

Balance sheet

in euro

in euro

Position in the sector

25.4%

1.35

14.4%

Staff

Men and women17% women

€61,842

+8 people

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2022, 1 entry, €511 awarded, €511 paid

Key figures and ratios

Social balance sheet

Securities and guarantees

Investments

Auditor

Insights on SECURITY MASTERS

Next steps

Item	2025	2024	2023	30-06-2023	2021
Tangible fixed assets	€15,958	€34,684	€6,941	€326,914	€221,398
Intangible fixed assets	-	-	-	-	€22,594
	€125,855	€137,928	€85,424	€238,455	€92,401

Item	2025	2024	2023	30-06-2023	2021
Fee for the audit	€7,221	€7,764	€6,416	€5,814	€5,500
Other work by the auditor	-	-	€0	€2,869	-

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency25.4%

Current ratio1.35

Return on assets14.4%

Staff

Men and women17% women

Staff cost per FTE€61,842

Joined and left+8 people

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2022, 1 entry, €511 awarded, €511 paid

Key figures and ratios

Social balance sheet

Securities and guarantees

Investments

Auditor

Insights on SECURITY MASTERS

Next steps

in euro

in euro

25.4%

1.35

14.4%

€61,842

+8 people