TSA Safety Group

Active

Private limited companyfounded 2004active for 22 yearsKalkstraat 5, 2060 Antwerpen, BelgiumKBO/BCE: BE 0866.563.752

Summary

TSA Safety Group has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.5m and a net result of €1.8m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 34% of 130 sector peers (NACE 80, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Risk analysisFollow Report Compare

TSA Safety GroupActiveChecked score 85/100

Risk analysis Report Compare

Activity

Investigation and private security services

NACE 80010Investigation and security activities NACE 80090

2nd fastest staff growth in Belgium, Security and investigation sector1 site

Size

€11.0mtotal assets 2025

Staff: 78.9 FTE
Equity: €2.5m
Profit: €1.8m

Turnover not published (abbreviated format)

Financial health

85 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.4%

Structure

Parent: TSD Holding

TSD Holding BVDirector · permanent representative Rudolf Degeling

Accounts 18 days early5 of 12 deeds read

Why 85raises risk1 change of registered office in 24 monthsLiquidity: current ratio 1.28, cash €662,233lowers riskFigures for financial year 2025 (filed 13-07-2026)Profit of €1.8m (financial year 2025)Show the evidence

Checked score

Score 2025

85 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 61% of its sector peers (all companies)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Average

Solvency 47+13

equity 22.4% of total assets

Liquidity 21+9

short-term debt 67.8% · cash 6.0%

Profitability 90+13

return on assets 16.6%

Bankruptcy probability, 12 months

0.4% Very low

0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (20 companies, NACE 80, medium-sized)

Last 24 months 11-2024: 0.8% 12-2024: 0.8%● unchanged vs 11-2024 01-2025: 0.8%● unchanged vs 12-2024 02-2025: 0.8%● unchanged vs 01-2025 03-2025: 0.9%▲ +0.1 percentage points vs 02-2025 04-2025: 0.9%● unchanged vs 03-2025 05-2025: 1.0%▲ +0.1 percentage points vs 04-2025 06-2025: 1.6%▲ +0.6 percentage points vs 05-2025 07-2025: 1.8%▲ +0.2 percentage points vs 06-2025highest value 08-2025: 0.8%▼ -1.0 percentage point vs 07-2025 09-2025: 0.8%● unchanged vs 08-2025 10-2025: 0.8%● unchanged vs 09-2025 11-2025: 0.8%● unchanged vs 10-2025 12-2025: 0.8%● unchanged vs 11-2025 01-2026: 0.8%● unchanged vs 12-2025 02-2026: 0.8%● unchanged vs 01-2026 03-2026: 0.9%▲ +0.1 percentage points vs 02-2026 04-2026: 0.9%● unchanged vs 03-2026 05-2026: 1.0%▲ +0.1 percentage points vs 04-2026 06-2026: 1.0%● unchanged vs 05-2026 07-2026: 1.1%▲ +0.1 percentage points vs 06-2026 08-2026: 0.4%▼ -0.7 percentage points vs 07-2026lowest value 09-2026: 0.4%● unchanged vs 08-2026lowest value 10-2026: 0.4%● unchanged vs 09-2026lowest value

Credit of up to €210,000 on 30-day terms is acceptable

Liquidity tight (current ratio 1.28, compared with 1.16 in 2024, below the usual 1.5; short-term debt: 67.8% and cash: 6% of total assets), and 77.6% 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 35% on solvency, 16% on liquidity, 95% on profitability and 97% on growth.

The bankruptcy probability was computed on 23-10-2026 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.

lowers riskraises riskneutral

1 change of registered office in 24 months

Belgian Official Gazette

Liquidity: current ratio 1.28, cash €662,233

NBB · annual accounts

Figures for financial year 2025 (filed 13-07-2026)

NBB · annual accounts

Profit of €1.8m (financial year 2025)

NBB · annual accounts

Growing equity

Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.

NBB · annual accounts 2025

Equity per financial year

1819202122232425

2018 to 2025 · latest year €2.5m

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

18 days early

2024

9 days early

2023

27 days early

2022

33 days early

2021

25 days early

2020

30 days early

2019

32 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 25 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)

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 6 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

24-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

13-07-2026 Annual accounts filedfinancial year 2025 · abbreviated…
24-04-2026 MiscellaneousTransfer of a branch of…
17-03-2026 Purpose · Amendment of the articlesPurpose change · Power of…

Key points

Positive: Result rose in 2025from €478,932 to €1.8m ▲ 283% View
Positive: Among the best 5% on net resultsector median €20,518 · 130 companies €1.8m View
Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
Controlled by TSD Holding parent View

By topic

Financials

Financial year: 2025
Total assets: €11.0m
Profit: €1.8m
Solvency: 22.4%

Total assets▲ 59.0%

Net result

20182025

Go to Financials

Board & ownership

Board: 1 member
Parent: TSD Holding

TSD Holding BVDirector

Go to Board & ownership

Timeline

Events: 34
Since: 2005
Next accounts: by 31-07-2027

10-03-2026Restructuring
31-12-2025Highest result from 2018 to 2025
31-12-2025Equity above €2m

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: Investigation and private security servicesNACE 80010
Founded: 28-07-2004
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 4

Purpose: “Het verrichten van diensten en werkzaamheden inzake bewaking, brandwacht, beveiliging en…” (deed in Dutch)

Go to Articles of association

Key facts about TSA Safety Group

What is the company number of TSA Safety Group?: 0866.563.752. In Belgium the VAT number is the company number with BE in front: BE 0866.563.752.
Where is TSA Safety Group based?: The registered office is at Kalkstraat 5, 2060 Antwerpen.Company details
What does TSA Safety Group do?: According to the KBO register, the main activity is investigation and private security services (NACE 80010).
What is the legal form of TSA Safety Group?: Private limited company (BV).
When was TSA Safety Group founded?: On 28-07-2004.
Is TSA Safety Group still active?: Yes, TSA Safety Group is an active enterprise in the KBO register.
How many employees does TSA Safety Group have?: On average 78.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of TSA Safety Group?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is TSA Safety Group profitable?: In financial year 2025, TSA Safety Group made a profit of €1.8m.
Where can I find the annual accounts of TSA Safety Group?: TSA Safety Group filed 22 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of TSA Safety Group due?: By 31-07-2027, for financial year 2026.Timeline