Summary
TIE - BREAK has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2023 annual accounts show equity of €647,652 and a net result of €43,975. Equity is growing by ~7.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Axes, FY 2023 · tick = 2022
Profitability77▲+3
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
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Signals
Five 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
94.9%
Return on assets
6.4%
Age of the figures
33 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
Investigation and security activities (NACE 80)
about 5% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2024
44 d early
2023
49 d early
2022
39 d early
2021
39 d early
2020
46 d early
2019
58 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 47 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 17 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2023, micro schema
Equity
€647,652▲ 7.3%
2022 · €603,677
Total assets
€682,360▲ 4.5%
2022 · €653,137
Net result
€43,975▲ 70.5%
2022 · €25,792
Working capital
€124,660▲ 45.0%
2022 · €85,981
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
Line20192020202120222023
Operating result€72,440▲ 15.3%€60,342▼ 16.7%€76,020▲ 26.0%€40,411▼ 46.8%€67,939▲ 68.1%
Net result€44,515▲ 15.7%€39,568above the sector's middle half▼ 11.1%€49,623above the sector's middle half▲ 25.4%€25,792within the sector's middle half▼ 48.0%€43,975above the sector's middle half▲ 70.5%
Equity€488,694▲ 10.0%€528,262above the sector's middle half▲ 8.1%€577,885above the sector's middle half▲ 9.4%€603,677above the sector's middle half▲ 4.5%€647,652above the sector's middle half▲ 7.3%
Total assets€592,402▲ 4.5%€623,325above the sector's middle half▲ 5.2%€657,253above the sector's middle half▲ 5.4%€653,137above the sector's middle half▼ 0.6%€682,360above the sector's middle half▲ 4.5%
Debt€103,708▼ 15.6%€95,063▼ 8.3%€79,368▼ 16.5%€49,460▼ 37.7%€34,708▼ 29.8%
Working capital€94,227▲ 54.4%€117,964above the sector's middle half▲ 25.2%€72,961within the sector's middle half▼ 38.1%€85,981within the sector's middle half▲ 17.8%€124,660above the sector's middle half▲ 45.0%
Solvency82.5%▲ 4.2pp84.7%above the sector's middle half▲ 2.3pp87.9%above the sector's middle half▲ 3.2pp92.4%above the sector's middle half▲ 4.5pp94.9%above the sector's middle half▲ 2.5pp
Current ratio4.36▲ 1.074.08above the sector's middle half▼ 0.282.61within the sector's middle half▼ 1.473.34within the sector's middle half▲ 0.724.60above the sector's middle half▲ 1.27
Return on assets (ROA)7.5%▲ 0.7pp6.3%within the sector's middle half▼ 1.2pp7.6%within the sector's middle half▲ 1.2pp3.9%within the sector's middle half▼ 3.6pp6.4%within the sector's middle half▲ 2.5pp
Staff (FTE)0.1below the sector's middle half0.8▲ 700%1.5▲ 87.5%2▲ 33.3%
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.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2023; 2023 is 68% above 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €682,360
Fixed assets
€523,112 ▼ 1.4%
Current assets
€159,248 ▲ 29.7%
Equity and liabilities €682,360
Equity
€647,652 ▲ 7.3%
Debt
€34,708 ▼ 29.8%
Debt's share of the balance-sheet total falls from 7.6% to 5.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€75,204▲
2022 · €49,132
Cash flow
€51,240▲
2022 · €34,513
Debt to equity
0.05▼
2022 · 0.08
ROE
6.8%▲
2022 · 4.3%
Interest coverage
139.64▲
2022 · 74.82
Debt ≤ 1 year
€34,588▼
2022 · €36,779
Income taxes
€23,427▲
2022 · €14,033
Staff costs
€55,701▲
2022 · €33,482
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €5,000 | - | - | - |
| Remuneration, social security and pensions62 | - | - | €23,774 | €33,482 | €55,701 | ▲ 66.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,258 | €9,258 | €8,976 | €8,721 | €7,265 | ▼ 16.7% |
| Other operating charges640/8 | - | - | €15,303 | €8,993 | €9,592 | ▲ 6.7% |
| Gross operating margin9900 | €87,134 | €77,814 | €124,073 | €91,607 | €140,497 | ▲ 53.4% |
| Operating profit (loss)9901 | €72,440 | €60,342 | €76,020 | €40,411 | €67,939 | ▲ 68.1% |
| Financial income75/76B | - | - | - | €71 | €2 | ▼ 97.6% |
| Recurring financial income75 | €46 | - | - | €71 | €2 | ▼ 97.6% |
| Financial charges65/66B | - | - | €1,092 | €657 | €539 | ▼ 18.0% |
| Recurring financial charges65 | €1,397 | €1,179 | €1,092 | €657 | €539 | ▼ 18.0% |
| Profit (loss) for the period before taxes9903 | €71,088 | €59,163 | €74,928 | €39,826 | €67,402 | ▲ 69.2% |
| Income taxes67/77 | €26,573 | €19,595 | €25,305 | €14,033 | €23,427 | ▲ 66.9% |
| Profit (loss) for the period9904 | €44,515 | €39,568 | €49,623 | €25,792 | €43,975 | ▲ 70.5% |
| Profit (loss) for the period to be appropriated9905 | €44,515 | €39,568 | €49,623 | €25,792 | €43,975 | ▲ 70.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €592,402 | €623,325 | €657,253 | €653,137 | €682,360 | ▲ 4.5% |
| Fixed assets21/28 | €470,151 | €467,068 | €539,098 | €530,377 | €523,112 | ▼ 1.4% |
| Tangible fixed assets22/27 | €449,597 | €440,339 | €512,369 | €503,648 | €496,384 | ▼ 1.4% |
| Land and buildings22 | - | - | €431,408 | €422,908 | €415,864 | ▼ 1.7% |
| Furniture and vehicles24 | - | - | €80,962 | €80,740 | €80,519 | ▼ 0.3% |
| Financial fixed assets28 | €20,554 | €26,729 | €26,729 | €26,729 | €26,729 | = |
| Current assets29/58 | €122,252 | €156,258 | €118,155 | €122,760 | €159,248 | ▲ 29.7% |
| Amounts receivable within one year40/41 | €444 | €233 | €17,270 | €26,940 | €19,139 | ▼ 29.0% |
| Trade receivables40 | - | - | €17,270 | €16,940 | €18,515 | ▲ 9.3% |
| Other amounts receivable41 | - | - | - | €10,000 | €624 | ▼ 93.8% |
| Cash at bank and in hand54/58 | €119,914 | €155,046 | €96,605 | €91,491 | €135,181 | ▲ 47.8% |
| Deferred charges and accrued income490/1 | - | - | €4,281 | €4,329 | €4,928 | ▲ 13.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €592,402 | €623,325 | €657,253 | €653,137 | €682,360 | ▲ 4.5% |
| Equity10/15 | €488,694 | €528,262 | €577,885 | €603,677 | €647,652 | ▲ 7.3% |
| Contributions10/11 | €205,082 | €205,082 | €205,082 | €205,082 | €205,082 | = |
| Capital10 | - | - | €205,082 | €205,082 | €205,082 | = |
| Issued capital100 | - | - | €205,082 | €205,082 | €205,082 | = |
| Reserves13 | €283,613 | €323,181 | €372,803 | €398,596 | €442,571 | ▲ 11.0% |
| Non-distributable reserves130/1 | - | - | €20,508 | €20,508 | €20,508 | = |
| Legal reserve130 | - | - | €20,508 | €20,508 | €20,508 | = |
| Tax-exempt reserves132 | - | - | €1,181 | €1,181 | €1,181 | = |
| Distributable reserves133 | - | - | €351,114 | €376,906 | €420,882 | ▲ 11.7% |
| Amounts payable17/49 | €103,708 | €95,063 | €79,368 | €49,460 | €34,708 | ▼ 29.8% |
| Amounts payable after more than one year17 | €75,683 | €54,875 | €33,826 | €12,534 | - | - |
| Financial debts170/4 | - | - | €33,826 | €12,534 | - | - |
| Amounts payable within one year42/48 | €28,025 | €38,293 | €45,194 | €36,779 | €34,588 | ▼ 6.0% |
| Current portion of amounts payable after more than one year42 | - | - | €21,049 | €21,292 | €12,534 | ▼ 41.1% |
| Trade debts44 | €765 | €1,055 | €11,464 | €872 | €94 | ▼ 89.2% |
| Suppliers440/4 | - | - | €11,464 | €872 | €94 | ▼ 89.2% |
| Taxes, remuneration and social security45 | - | - | €12,193 | €14,268 | €21,961 | ▲ 53.9% |
| Taxes450/3 | - | - | €11,975 | €9,991 | €21,961 | ▲ 120% |
| Remuneration and social security454/9 | - | - | €218 | €4,277 | - | - |
| Other amounts payable47/48 | - | - | €488 | €346 | - | - |
| Accrued charges and deferred income492/3 | - | - | €348 | €147 | €120 | ▼ 18.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €44,515 | €39,568 | €49,623 | €25,792 | €43,975 | ▲ 70.5% |
| + Depreciation and write-downs630 | €9,258 | €9,258 | €8,976 | €8,721 | €7,265 | ▼ 16.7% |
| Operating cash flow (approximation) | €53,773 | €48,826 | €58,599 | €34,513 | €51,240 | ▲ 48.5% |
| Investment in fixed assets (approximation) | - | -€6,175 | -€81,007 | €0 | €0 | - |
| Change in cash | - | €35,132 | -€58,441 | -€5,114 | €43,690 | ▲ 954% |
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
Next filing, fiscal year 2026, expected by
2026
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €25,792 ▼48%
Net result drops to €25,792, the lowest in the series; recovery starts the following year.
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €49,623 ▲25.4%
Operating result €76,020, net result €49,623, both a record.
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €500,000Eq €528,262 ▲8.1%
3 profitable years in a row build equity to €528,262.
03-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
12-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
02-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 acts for this company are 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, Antwerpen · 1 establishment unit since 1994
Ground area
320 m²
Building footprint
134 m²
Volume, LiDAR
1,179 m³
Parcel 11051B0377/00F010, Flanders · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Keizershoevestraat 44/46, 2610 Antwerpen
since 19942.031.486.044
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11051B0377/00F010 | Flanders | 320 m² | 1 · 134 m² | 11.3 m · 3 fl. |
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 holdingOwners 0
The accounts to 31-12-2023 list no shareholders, and no other source names one.
Holdings 1
-
49.5%
According to the 2023 annual accounts of TIE - BREAK and those 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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Identification & contact
Identification
Legal formPublic limited company
Founded05-06-1986
Fiscal year end31-12
Activities, NACEBEL 2025
80010Investigation and private security services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0429110776
Also
9925:BE0429110776
Registered
24-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.