VAN SAET SECURITY
ActiveSummary
VAN SAET SECURITY has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.85M and a net result of €459k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 33% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability57▲+8
Solvency56▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity short (current ratio 0.85 against 0.76 in 2024; short-term debt: 48.4% and cash: 1.4% of total assets), and 69.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
30.6%
Return on assets
7.6%
Age of the figures
9 mo
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
lowers risk · 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 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €1.85M
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 21-05-2026, 71 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
71 d early
2024
29 d early
2023
92 d early
2022
6 d early
2021
4 d early
2020
23 d early
2019
8 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.85M▲ 33.1%
2024 · €1.39M
2018: €148klowest in 8 years
2019: €177k▲ +20.1% vs 2018
2020: €182k▲ +2.5% vs 2019
2021: €185k▲ +1.9% vs 2020
2022: €238k▲ +28.6% vs 2021
2023: €674k▲ +183% vs 2022
2024: €1.39M▲ +106% vs 2023
2025: €1.85M▲ +33.1% vs 2024highest in 8 years
2018 → 2025
Total assets
€6.04M▲ 9.5%
2024 · €5.52M
2018: €921klowest in 8 years
2019: €1.07M▲ +16.5% vs 2018
2020: €1.23M▲ +14.9% vs 2019
2021: €1.35M▲ +9.3% vs 2020
2022: €1.37M▲ +1.6% vs 2021
2023: €5.04M▲ +268% vs 2022
2024: €5.52M▲ +9.5% vs 2023
2025: €6.04M▲ +9.5% vs 2024highest in 8 years
2018 → 2025
Net result
€459k▼ 35.6%
2024 · €713k
2018: €29k
2019: €30k▲ +1.1% vs 2018
2020: €4k▼ -85.3% vs 2019
2021: €3k▼ -22.5% vs 2020lowest in 8 years
2022: €53k▲ +1460% vs 2021
2023: €436k▲ +725% vs 2022
2024: €713k▲ +63.4% vs 2023highest in 8 years
2025: €459k▼ -35.6% vs 2024
2018 → 2025
Working capital
€-449k▲ 26.7%
2024 · €-613k
2018: €-286k
2019: €110k▲ +139% vs 2018highest in 8 years
2020: €107k▼ -3.0% vs 2019
2021: €48k▼ -55.4% vs 2020
2022: €82k▲ +71.2% vs 2021
2023: €-845k▼ -1136% vs 2022lowest in 8 years
2024: €-613k▲ +27.4% vs 2023
2025: €-449k▲ +26.7% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€185k-€238k▲ 28.6%€674k▲ 183%€1.39M▲ 106%€1.85M▲ 33.1%
2021: €185klowest in 5 years
2022: €238k▲ +28.6% vs 2021
2023: €674k▲ +183% vs 2022
2024: €1.39M▲ +106% vs 2023
2025: €1.85M▲ +33.1% vs 2024highest in 5 years
Operating result€22k-€97k▲ 338%€454k▲ 368%€131k▼ 71.2%€309k▲ 136%
2021: €22klowest in 5 years
2022: €97k▲ +338% vs 2021
2023: €454k▲ +368% vs 2022highest in 5 years
2024: €131k▼ -71.2% vs 2023
2025: €309k▲ +136% vs 2024
Net result€3k-€53k▲ 1,460%€436k▲ 725%€713k▲ 63.4%€459k▼ 35.6%
2021: €3klowest in 5 years
2022: €53k▲ +1460% vs 2021
2023: €436k▲ +725% vs 2022
2024: €713k▲ +63.4% vs 2023highest in 5 years
2025: €459k▼ -35.6% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 136% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €6.04M
Fixed assets
€3.57M ▼ 1.0%
Current assets
€2.47M ▲ 29.1%
Equity and liabilities €6.04M
Equity
€1.85M ▲ 33.1%
Debt
€4.19M ▲ 1.6%
Debt's share of the balance-sheet total falls from 74.9% to 69.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€385k▲
2024 · €202k
Cash flow
€534k▼
2024 · €784k
Current ratio
0.85▲
2024 · 0.76
Quick ratio
0.33▲
2024 · 0.26
Debt to equity
2.27▼
2024 · 2.98
ROE
24.9%▼
2024 · 51.4%
ROA
7.6%▼
2024 · 12.9%
Interest coverage
3.40▲
2024 · 1.64
Debt ≤ 1 year
€2.92M▲
2024 · €2.53M
Debt > 1 year
€1.24M▼
2024 · €1.56M
Income taxes
€67k▲
2024 · €15k
Staff costs
€1.50M▲
2024 · €1.04M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 56 lines
Balance sheet
Code20242025
Assets
Total assets20/58€5.52M€6.04M▲
Fixed assets21/28€3.60M€3.57M▼
Tangible fixed assets22/27€568k€533k▼
Land and buildings22€414k€388k▼
Plant, machinery and equipment23€88k€98k▲
Furniture and vehicles24€55k€42k▼
Other tangible fixed assets26€11k€5k▼
Financial fixed assets28€3.03M€3.03M=
Current assets29/58€1.91M€2.47M▲
Stocks and contracts in progress3€1.25M€1.50M▲
Stocks30/36€90k€150k▲
Contracts in progress37€1.16M€1.35M▲
Amounts receivable within one year40/41€570k€867k▲
Trade receivables40€372k€681k▲
Other amounts receivable41€198k€186k▼
Cash at bank and in hand54/58€67k€87k▲
Deferred charges and accrued income490/1€20k€14k▼
Equity and liabilities
Total equity and liabilities10/49€5.52M€6.04M▲
Equity10/15€1.39M€1.85M▲
Contributions10/11€30k€30k=
Reserves13€38k€38k=
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Tax-exempt reserves132€35k€35k=
Profit (loss) carried forward14€1.32M€1.78M▲
Amounts payable17/49€4.13M€4.19M▲
Amounts payable after more than one year17€1.56M€1.24M▼
Financial debts170/4€1.56M€1.24M▼
Amounts payable within one year42/48€2.53M€2.92M▲
Current portion of amounts payable after more than one year42€851k€1.05M▲
Financial debts43€5k-
Credit institutions430/8€5k-
Trade debts44€503k€563k▲
Suppliers440/4€503k€563k▲
Advances received on contracts in progress46€851k€895k▲
Taxes, remuneration and social security45€151k€155k▲
Taxes450/3€75k€1k▼
Remuneration and social security454/9€76k€154k▲
Other amounts payable47/48€165k€258k▲
Accrued charges and deferred income492/3€45k€36k▼
Income statement
Code20242025
Remuneration, social security and pensions62€1.04M€1.50M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€71k€76k▲
Other operating charges640/8€12k€16k▲
Gross operating margin9900€1.25M€1.90M▲
Operating profit (loss)9901€131k€309k▲
Financial income75/76B€720k€330k▼
Recurring financial income75€720k€330k▼
Financial charges65/66B€123k€113k▼
Recurring financial charges65€123k€113k▼
Profit (loss) for the period before taxes9903€728k€526k▼
Income taxes67/77€15k€67k▲
Profit (loss) for the period9904€713k€459k▼
Profit (loss) for the period to be appropriated9905€713k€459k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.32M€1.78M▲
Profit (loss) brought forward from the previous period14P€606k€1.32M▲
Social balance
Average headcount (FTE)908714.118.8▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €2k | €406 | - | - | - | - |
| Remuneration, social security and pensions62 | €475k | €391k | €636k | €1.04M | €1.50M | ▲ 44.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €47k | €60k | €62k | €71k | €76k | ▲ 6.9% |
| Other operating charges640/8 | €8k | €3k | €19k | €12k | €16k | ▲ 32.1% |
| Gross operating margin9900 | €552k | €552k | €1.17M | €1.25M | €1.90M | ▲ 51.8% |
| Operating profit (loss)9901 | €22k | €97k | €454k | €131k | €309k | ▲ 136% |
| Financial income75/76B | - | - | €219k | €720k | €330k | ▼ 54.2% |
| Recurring financial income75 | - | - | €219k | €720k | €330k | ▼ 54.2% |
| Financial charges65/66B | €9k | €13k | €144k | €123k | €113k | ▼ 8.3% |
| Recurring financial charges65 | €9k | €13k | €144k | €123k | €113k | ▼ 8.3% |
| Profit (loss) for the period before taxes9903 | €13k | €84k | €530k | €728k | €526k | ▼ 27.7% |
| Income taxes67/77 | €10k | €31k | €94k | €15k | €67k | ▲ 340% |
| Profit (loss) for the period9904 | €3k | €53k | €436k | €713k | €459k | ▼ 35.6% |
| Profit (loss) for the period to be appropriated9905 | €3k | €53k | €436k | €713k | €459k | ▼ 35.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.35M | €1.37M | €5.04M | €5.52M | €6.04M | ▲ 9.5% |
| Fixed assets21/28 | €627k | €595k | €3.60M | €3.60M | €3.57M | ▼ 1.0% |
| Tangible fixed assets22/27 | €627k | €595k | €564k | €568k | €533k | ▼ 6.2% |
| Land and buildings22 | €493k | €467k | €441k | €414k | €388k | ▼ 6.4% |
| Plant, machinery and equipment23 | €84k | €70k | €76k | €88k | €98k | ▲ 11.9% |
| Furniture and vehicles24 | €21k | €36k | €31k | €55k | €42k | ▼ 23.8% |
| Other tangible fixed assets26 | €4k | €22k | €17k | €11k | €5k | ▼ 53.3% |
| Assets under construction and advance payments27 | €25k | - | - | - | - | - |
| Financial fixed assets28 | - | - | €3.03M | €3.03M | €3.03M | = |
| Current assets29/58 | €722k | €775k | €1.44M | €1.91M | €2.47M | ▲ 29.1% |
| Stocks and contracts in progress3 | €304k | €344k | €865k | €1.25M | €1.50M | ▲ 19.8% |
| Stocks30/36 | €191k | €229k | €184k | €90k | €150k | ▲ 66.2% |
| Contracts in progress37 | €113k | €115k | €680k | €1.16M | €1.35M | ▲ 16.2% |
| Amounts receivable within one year40/41 | €369k | €319k | €490k | €570k | €867k | ▲ 52.1% |
| Trade receivables40 | €282k | €241k | €423k | €372k | €681k | ▲ 83.0% |
| Other amounts receivable41 | €87k | €78k | €67k | €198k | €186k | ▼ 5.9% |
| Cash at bank and in hand54/58 | €40k | €104k | €79k | €67k | €87k | ▲ 28.3% |
| Deferred charges and accrued income490/1 | €9k | €8k | €4k | €20k | €14k | ▼ 33.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.35M | €1.37M | €5.04M | €5.52M | €6.04M | ▲ 9.5% |
| Equity10/15 | €185k | €238k | €674k | €1.39M | €1.85M | ▲ 33.1% |
| Contributions10/11 | €30k | €30k | €30k | €30k | €30k | = |
| Reserves13 | €38k | €38k | €38k | €38k | €38k | = |
| Non-distributable reserves130/1 | €3k | €3k | €3k | €3k | €3k | = |
| Reserves not available under the articles1311 | €3k | €3k | €3k | €3k | €3k | = |
| Tax-exempt reserves132 | €35k | €35k | €35k | €35k | €35k | = |
| Profit (loss) carried forward14 | €117k | €170k | €606k | €1.32M | €1.78M | ▲ 34.8% |
| Amounts payable17/49 | €1.16M | €1.13M | €4.36M | €4.13M | €4.19M | ▲ 1.6% |
| Amounts payable after more than one year17 | €489k | €436k | €2.02M | €1.56M | €1.24M | ▼ 20.6% |
| Financial debts170/4 | €489k | €436k | €2.02M | €1.56M | €1.24M | ▼ 20.6% |
| Amounts payable within one year42/48 | €674k | €693k | €2.28M | €2.53M | €2.92M | ▲ 15.6% |
| Current portion of amounts payable after more than one year42 | €292k | €362k | €1.17M | €851k | €1.05M | ▲ 23.1% |
| Financial debts43 | €12k | €12k | €12k | €5k | - | - |
| Credit institutions430/8 | €12k | €12k | €12k | €5k | - | - |
| Trade debts44 | €267k | €203k | €384k | €503k | €563k | ▲ 12.0% |
| Suppliers440/4 | €267k | €203k | €384k | €503k | €563k | ▲ 12.0% |
| Advances received on contracts in progress46 | €48k | €79k | €423k | €851k | €895k | ▲ 5.2% |
| Taxes, remuneration and social security45 | €43k | €31k | €130k | €151k | €155k | ▲ 2.6% |
| Taxes450/3 | - | €9k | €83k | €75k | €1k | ▼ 98.3% |
| Remuneration and social security454/9 | €43k | €22k | €47k | €76k | €154k | ▲ 102% |
| Other amounts payable47/48 | €13k | €7k | €167k | €165k | €258k | ▲ 56.9% |
| Accrued charges and deferred income492/3 | - | €3k | €59k | €45k | €36k | ▼ 20.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €53k | €436k | €713k | €459k | ▼ 35.6% |
| + Depreciation and write-downs630 | €47k | €60k | €62k | €71k | €76k | ▲ 6.9% |
| Operating cash flow (approximation) | €50k | €113k | €498k | €784k | €534k | ▼ 31.8% |
| Investment in fixed assets (approximation) | - | €-28k | €-3.07M | €-75k | €-41k | ▲ 45.2% |
| Change in cash | - | €63k | €-25k | €-11k | €19k | ▲ 270% |
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
21-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €713k ▲63.4%
Net result €713k, the highest in the series.
31-12
Financial
Equity above €1MEq €1.39M ▲106%
7 profitable years in a row build equity to €1.39M.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €500kEq €674k ▲183%
6 profitable years in a row build equity to €674k.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €200kEq €238k ▲28.6%
5 profitable years in a row build equity to €238k.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €3k ▼22.5%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
31-12
Financial
Liquidity triplescurrent ratio 1.30
Current ratio from 0.50 to 1.30; short-term debt falls from €570k to €362k.
31-12
Financial
Equity above €150kEq €177k ▲20.1%
2 profitable years in a row build equity to €177k.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Bonheiden · 1 establishment unit since 2014
Ground area
4,751 m²
Building footprint
2,441 m²
Volume, LiDAR
1,053 m³
Parcel 12005A0234/00W002, Flanders · tallest building 5.5 m. Linked by address, not a title deed.
1 establishment unit
VAN SAET SECURITY
since 20142.232.400.758
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12005A0234/00W002 | Flanders | 4,751 m² | 1 · 2,441 m² | 5.5 m |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 27,081 EUR awarded · 26,445 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 7,458 EUR | 6,822 EUR |
| 2024 | 1 | 7,500 EUR | 7,500 EUR |
| 2023 | 1 | 7,500 EUR | 7,500 EUR |
| 2022 | 1 | 4,623 EUR | 4,623 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
4 categoriesVAN SAET SECURITY BV44230
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Of 22,815 companies in sector 43211 we hold annual accounts for 10,325. 3,074 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-06-2014
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
80090Investigation and security activities
Scores and ratios are computed by Checked and are not a credit decision.