Skip to content

V SECURITY

Active
Private limited companyfounded 2022active for 4 yearsMaria van Hongarijelaan 78B, 1082 Sint-Agatha-Berchem, BelgiumKBO/BCE: BE 0779.623.048
Summary

V SECURITY has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €53,282 and a net result of €5,656. Equity is growing by about 64% per year across the filed financial years. Its solvency ranks better than 28% of 322 sector peers (NACE 80, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Financials · financial year 2025, micro format

2025 annual accounts filed late (24 days) Filed on 24 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00424594.

Turnover
≈ €1.3m
Estimated: probably between €930,000 and €1.9m
Total assets
€276,800▼ 9.0%
2024 · €304,217
Net result
€5,656▼ 91.9%
2024 · €69,542
Working capital
€34,472▲ 6.8%
2024 · €32,284
Trend over the years

2022 to 2025, 4 financial years

The operating result falls in 2025; 2025 is 87% below 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€11,170 2025 Net result€5,656 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 80, Investigation and security activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line2022202320242025
Operating result-€6,755--€17,578▼ 160%€87,946€11,170▼ 87.3%
Net result-€7,211below the sector's middle half--€18,205below the sector's middle half▼ 152%€69,542above the sector's middle half€5,656within the sector's middle half▼ 91.9%
Equity-€3,711below the sector's middle half--€21,916below the sector's middle half▼ 491%€47,626within the sector's middle half€53,282within the sector's middle half▲ 11.9%
Total assets€15,468below the sector's middle half-€114,456within the sector's middle half▲ 640%€304,217within the sector's middle half▲ 166%€276,800within the sector's middle half▼ 9.0%
Debt€19,179-€136,372▲ 611%€256,591▲ 88.2%€223,518▼ 12.9%
Working capital-€16,211below the sector's middle half--€34,416below the sector's middle half▼ 112%€32,284within the sector's middle half€34,472within the sector's middle half▲ 6.8%
Solvency-24.0%below the sector's middle half--19.1%below the sector's middle half▲ 4.8pp15.7%below the sector's middle half▲ 34.8pp19.2%within the sector's middle half▲ 3.6pp
Current ratio0.15below the sector's middle half-0.75below the sector's middle half▲ 0.591.13within the sector's middle half▲ 0.381.15within the sector's middle half▲ 0.03
Return on assets (ROA)-46.6%below the sector's middle half--15.9%below the sector's middle half▲ 30.7pp22.9%above the sector's middle half▲ 38.8pp2.0%within the sector's middle half▼ 20.8pp
Staff (FTE)29.8
above within below the middle half of NACE 80, Investigation and security activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €276,800
Fixed assets €18,811 ▲ 22.6%
Current assets €257,990 ▼ 10.7%
Equity and liabilities €276,800
Equity €53,282 ▲ 11.9%
Debt €223,518 ▼ 12.9%
Debt's share of the balance-sheet total falls from 84.3% to 80.8%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€11,392▼
2024 · €89,705
Cash flow
€5,878▼
2024 · €71,300
Debt to equity
4.19▼
2024 · 5.39
ROE
10.6%▼
2024 · 146.0%
Interest coverage
6.51▼
2024 · 41.61
Debt ≤ 1 year
€223,518▼
2024 · €256,591
Income taxes
€4,220▼
2024 · €16,258
Staff costs
€651,373▼
2024 · €793,916
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,542 companies that looked in July 2024 the way this one looks now, 3.5% went bankrupt within 24 months and 94.9% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
3.5% went bankrupt
1.2% stopped otherwise
94.9% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 2,542 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet Code20242025
Assets
Total assets20/58€304,217€276,800▼
Fixed assets21/28€15,342€18,811▲
Tangible fixed assets22/27€2,842€6,311▲
Furniture and vehicles24€2,842€6,311▲
Financial fixed assets28€12,500€12,500=
Current assets29/58€288,875€257,990▼
Amounts receivable within one year40/41€126,087€174,686▲
Trade receivables40€125,075€172,192▲
Other amounts receivable41€1,012€2,494▲
Cash at bank and in hand54/58€162,788€83,303▼
Equity and liabilities
Total equity and liabilities10/49€304,217€276,800▼
Equity10/15€47,626€53,282▲
Contributions10/11€3,500€3,500=
Profit (loss) carried forward14€44,126€49,782▲
Amounts payable17/49€256,591€223,518▼
Amounts payable within one year42/48€256,591€223,518▼
Financial debts43-€21,008
Credit institutions430/8-€21,008
Trade debts44€22,790€45,568▲
Suppliers440/4€22,790€45,568▲
Taxes, remuneration and social security45€216,345€139,284▼
Taxes450/3€77,823€68,770▼
Remuneration and social security454/9€138,522€70,514▼
Other amounts payable47/48€17,456€17,659▲
Income statement Code20242025
Remuneration, social security and pensions62€793,916€651,373▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,758€222▼
Other operating charges640/8€7,337€2,230▼
Gross operating margin9900€890,958€664,995▼
Operating profit (loss)9901€87,946€11,170▼
Financial income75/76B€10€456▲
Recurring financial income75€10€456▲
Financial charges65/66B€2,156€1,750▼
Recurring financial charges65€2,156€1,750▼
Profit (loss) for the period before taxes9903€85,800€9,876▼
Income taxes67/77€16,258€4,220▼
Profit (loss) for the period9904€69,542€5,656▼
Profit (loss) for the period to be appropriated9905€69,542€5,656▼
Appropriation of the result
Profit (loss) to be appropriated9906€44,126€49,782▲
Profit (loss) brought forward from the previous period14P-€25,416€44,126▲

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2022202320242025Change
Non-recurring operating income76A-€0---
Remuneration, social security and pensions62-€128,000€793,916€651,373▼ 18.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630--€1,758€222▼ 87.4%
Other operating charges640/8€145-€7,337€2,230▼ 69.6%
Non-recurring operating charges66A-€0---
Gross operating margin9900-€6,610€110,422€890,958€664,995▼ 25.4%
Operating profit (loss)9901-€6,755-€17,578€87,946€11,170▼ 87.3%
Financial income75/76B-€4€10€456▲ 47×
Recurring financial income75-€4€10€456▲ 47×
Non-recurring financial income76B-€0---
Financial charges65/66B€456€630€2,156€1,750▼ 18.8%
Recurring financial charges65€456€630€2,156€1,750▼ 18.8%
Non-recurring financial charges66B-€0---
Profit (loss) for the period before taxes9903-€7,211-€18,205€85,800€9,876▼ 88.5%
Income taxes67/77--€16,258€4,220▼ 74.0%
Profit (loss) for the period9904-€7,211-€18,205€69,542€5,656▼ 91.9%
Profit (loss) for the period to be appropriated9905-€7,211-€18,205€69,542€5,656▼ 91.9%
Line2022202320242025Change
Assets
Total assets20/58€15,468€114,456€304,217€276,800▼ 9.0%
Formation expenses20-€0---
Fixed assets21/28€12,500€12,500€15,342€18,811▲ 22.6%
Tangible fixed assets22/27-€0€2,842€6,311▲ 122%
Plant, machinery and equipment23-€0---
Furniture and vehicles24-€0€2,842€6,311▲ 122%
Leasing and similar rights25-€0---
Other tangible fixed assets26-€0---
Assets under construction and advance payments27-€0---
Financial fixed assets28€12,500€12,500€12,500€12,500=
Current assets29/58€2,968€101,956€288,875€257,990▼ 10.7%
Amounts receivable within one year40/41€1,402€59,308€126,087€174,686▲ 38.5%
Trade receivables40€666€59,308€125,075€172,192▲ 37.7%
Other amounts receivable41€736€0€1,012€2,494▲ 147%
Cash at bank and in hand54/58€1,566€42,648€162,788€83,303▼ 48.8%
Equity and liabilities
Total equity and liabilities10/49€15,468€114,456€304,217€276,800▼ 9.0%
Equity10/15-€3,711-€21,916€47,626€53,282▲ 11.9%
Contributions10/11€3,500€3,500€3,500€3,500=
Profit (loss) carried forward14-€7,211-€25,416€44,126€49,782▲ 12.8%
Amounts payable17/49€19,179€136,372€256,591€223,518▼ 12.9%
Amounts payable within one year42/48€19,179€136,372€256,591€223,518▼ 12.9%
Financial debts43---€21,008-
Credit institutions430/8---€21,008-
Trade debts44€1,051€15,146€22,790€45,568▲ 99.9%
Suppliers440/4€1,051€15,146€22,790€45,568▲ 99.9%
Taxes, remuneration and social security45-€97,819€216,345€139,284▼ 35.6%
Taxes450/3-€28,605€77,823€68,770▼ 11.6%
Remuneration and social security454/9-€69,214€138,522€70,514▼ 49.1%
Other amounts payable47/48€18,129€23,407€17,456€17,659▲ 1.2%
Line2022202320242025Change
Profit (loss) for the period9904-€7,211-€18,205€69,542€5,656▼ 91.9%
+ Depreciation and write-downs630--€1,758€222▼ 87.4%
Operating cash flow (approximation)-€7,211-€18,205€71,300€5,878▼ 91.8%
Investment in fixed assets (approximation)-€0-€4,600-€3,691▲ 19.8%
Change in cash-€41,083€120,140-€79,485-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (4)
Financial year Type Filed Reference
31-12-2025 micro format 24-08-2026 2026-00424594
31-12-2024 micro format 25-08-2025 2025-00409357
31-12-2023 micro format 19-08-2024 2024-00351577
31-12-2022 micro format 17-08-2023 2023-00331375

Similar companies · same sector, comparable size

Of the 688 active companies whose main activity is investigation and private security services (NACE 80010), figures are known for 363. 267 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.