TOTAL SAFETY SYSTEMS
ActiveTOTAL SAFETY SYSTEMS has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.34M and a net result of €-130k. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 95% of 101 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability76▼-6
Solvency100▲+16
Growth29▼-20
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €180k at 30 days acceptable
Liquidity ample (current ratio 2.87 against 1.3 in 2023; short-term debt: 21% and cash: 1.7% of total assets), and 21% of the assets are financed with debt.
Credit advice for your own amount and term
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 2024Solvency, return and age of the figures
Solvency
79%
Return on assets
-4.4%
Age of the figures
21 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 →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-06-2025, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
54 d early
2022
54 d early
2021
24 d early
2020
31 d early
2019
45 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€2.10M▼ 28.3%
2023 · €2.93M
2018: €2.58M
2019: €3.05M
2020: €1.63M
2021: €1.44M
2022: €2.28M
2023: €2.93M
2018 → 2024
EBIT margin
-8.6%▼ 19.3pp
2023 · 10.8%
2018: 29.0%
2019: 25.9%
2020: -31.4%
2021: -30.4%
2022: 5.2%
2023: 10.8%
2018 → 2024
Net result
€-130k
2023 · €144k
2018: €520k
2019: €570k
2020: €-479k
2021: €-429k
2022: €232k
2023: €144k
2018 → 2024
Working capital
€1.16M▲ 123%
2023 · €522k
2018: €2.06M
2019: €1.65M
2020: €1.80M
2021: €978k
2022: €1.22M
2023: €522k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€1.63M-€1.44M▼ 11.7%€2.28M▲ 57.9%€2.93M▲ 28.5%€2.10M▼ 28.3%
Equity€2.52M-€2.09M▼ 17.0%€2.32M▲ 11.1%€2.47M▲ 6.2%€2.34M▼ 5.3%
Operating result€-514k-€-439k▲ 14.5%€117k€316k▲ 169%€-180k
Net result€-479k-€-429k▲ 10.3%€232k€144k▼ 37.6%€-130k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €180k after €316k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.96M
Fixed assets
€1.18M▼ 39.5%
Current assets
€1.78M▼ 21.0%
Equity and liabilities €2.96M
Equity
€2.34M▼ 5.3%
Debt
€621k▼ 64.2%
The debt ratio falls from 41.2% to 21.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€643k▼
2023 · €1.27M
Cash flow
€693k▼
2023 · €1.09M
Solvency
79.0%▲
2023 · 58.8%
Current ratio
2.87▲
2023 · 1.30
Quick ratio
2.77▲
2023 · 1.28
Debt / equity
0.27▼
2023 · 0.70
ROE
-5.6%▼
2023 · 5.9%
ROA
-4.4%▼
2023 · 3.4%
Interest coverage
62.16▲
2023 · 28.69
Debt
€621k▼
2023 · €1.73M
Debt ≤ 1 year
€621k▼
2023 · €1.73M
Income taxes
€-61k▼
2023 · €126k
Staff costs
€679k▲
2023 · €604k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€4.20M€2.96M▼
Fixed assets21/28€1.95M€1.18M▼
Intangible fixed assets21-€10k
Tangible fixed assets22/27€1.95M€1.17M▼
Plant, machinery and equipment23€1.95M€1.17M▼
Other tangible fixed assets26€0-
Current assets29/58€2.26M€1.78M▼
Stocks and contracts in progress3€42k€60k▲
Stocks30/36€42k€60k▲
Goods purchased for resale34€42k€60k▲
Amounts receivable within one year40/41€2.08M€1.66M▼
Trade receivables40€1.71M€1.50M▼
Other amounts receivable41€371k€169k▼
Cash at bank and in hand54/58€124k€49k▼
Deferred charges and accrued income490/1€6k€8k▲
Equity and liabilities
Total equity and liabilities10/49€4.20M€2.96M▼
Equity10/15€2.47M€2.34M▼
Contributions10/11€269k€269k=
Reserves13€27k€27k=
Non-distributable reserves130/1€27k€27k=
Reserves not available under the articles1311€27k€27k=
Profit (loss) carried forward14€2.17M€2.04M▼
Amounts payable17/49€1.73M€621k▼
Amounts payable within one year42/48€1.73M€621k▼
Trade debts44€333k€479k▲
Suppliers440/4€333k€479k▲
Taxes, remuneration and social security45€206k€142k▼
Taxes450/3€127k€65k▼
Remuneration and social security454/9€79k€77k▼
Other amounts payable47/48€1.19M€0▼
Accrued charges and deferred income492/3€0-
Income statement
Code20232024
Operating income70/76A€2.94M€2.11M▼
Turnover70€2.93M€2.10M▼
Other operating income74€8k€8k▲
Operating charges60/66A€2.62M€2.29M▼
Goods for resale, raw materials and consumables60€281k€212k▼
Purchases600/8€285k€230k▼
Change in stocks: decrease (increase)609€-4k€-19k▼
Services and other goods61€778k€573k▼
Remuneration, social security and pensions62€604k€679k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€949k€823k▼
Other operating charges640/8€9k€3k▼
Operating profit (loss)9901€316k€-180k▼
Financial income75/76B€78€577▲
Recurring financial income75€78€577▲
Income from financial fixed assets750€78-
Income from current assets751-€577
Financial charges65/66B€46k€12k▼
Recurring financial charges65€46k€12k▼
Debt charges650€44k€10k▼
Other financial charges652/9€2k€2k▲
Profit (loss) for the period before taxes9903€270k€-191k▼
Income taxes67/77€126k€-61k▼
Taxes670/3€126k-
Tax adjustments and reversals of tax provisions77-€61k
Profit (loss) for the period9904€144k€-130k▼
Profit (loss) for the period to be appropriated9905€144k€-130k▼
Appropriation of the result
Profit (loss) to be appropriated9906€2.17M€2.04M▼
Profit (loss) brought forward from the previous period14P€2.03M€2.17M▲
Social balance
Average headcount (FTE)90877.18.1▲
The notes to these accounts (40 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
18-08
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director appointment5 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director appointment5 facts ▸
- General meeting, 2026-07-31
- Director resignation, Ellsworth Bradford Clark (bestuurder)
- Director resignation, William Frederking (bestuurder)
- Director appointment, Gilles Huenaerts (bestuurder)
- Mandate compensation, Gilles Huenaerts
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Liquidity doublescurrent ratio 2.87
Current ratio from 1.30 to 2.87; short-term debt falls from €1.73M to €621k.
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €232k
Net result €232k after 2 loss-making years.
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
31-12
Financial
Weakest financial yearnet €-479k ▼184%
Net result drops to €-479k, the lowest in the series; recovery starts the following year.
16-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Highest result since 2018net €570k ▲9.6%
Operating result €790k, net result €570k, both a record.
07-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
22-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 directors, no change since 2026
Gilles Huenaerts
CurrentDirector · since 31-07-2026
31-07-2026
Gilles Huenaerts: Appointed as Director
31-07-2026
Ellsworth Bradford Clark: Resigned as Director
31-07-2026
William Frederking: Resigned as Director
Location & real-estate footprint
Registered office, Diepenbeek · 1 establishment unit since 2003
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.
Duifhuisweg 113590 DiepenbeekGround area
3,645 m²
Building footprint
1,555 m²
Volume, LiDAR
10,235 m³
Parcel 71402D0224/00B000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Duifhuisweg 11, 3590 Diepenbeek
since 20032.127.181.294
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71402D0224/00B000 | Flanders | 3,645 m² | 1 · 1,555 m² | 7.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
TSA Safety Group
BE 0866.563.752
Antwerpen · Eq €2.48M
Euro Protection Surveillance
BE 0679.698.103
Anderlecht · Eq €2.75M
SOLUFAK
BE 0846.405.172
Willebroek · Eq €1.92M
North Sea Aviation Services
BE 0760.786.440
Oostende · Eq €2.90M
Proximus Ada
BE 0781.848.902
Brussel · Eq €2.93M
Of 460 companies in sector 80090 we hold annual accounts for 258. 72 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-01-2003
Fiscal year end31-12
Activities, NACEBEL
74601
80010Investigation and private security services
80090Investigation and security activities
80100Investigation and security activities
80200Investigation and security activities
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.