ACTIVE

Brink's Solutions Belgium

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Financial year 2023 · Closed on 31/12/2023

Net result-1,3 M €-741,0 %over 1 year

Revenue59,3 M €+4,0 %over 1 year

Equity6,2 M €+323,5 %over 1 year

Workforce624,7 ETP-2,6 %over 1 year

Identity

Source · BCE/KBO

Brink's Solutions Belgium is a Public limited company incorporated in 1969. Its main activity is: Other professional, scientific and technical activities. Its registered office is in Dilbeek. It employs on average 624,7 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0406.590.643
Incorporation: 22/04/1969
Legal form: Public limited company
Registered office: Spoorwegstraat 20
1702 Dilbeek · FlandreSee on map
Contributed capital: 24 070 461,00 €
Latest accounts: 31/12/2023
Average workforce: 624,7 ETP

Activities (NACE)

74601Other professional, scientific and technical activities· main 80010Security and investigation activities 80100Private security activities

Joint committees (1)

Contacts

2 public details availableLog in to view

Signals

Positive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 36 filings

Trend over 18 financial years

	2023		2022		2021		2020		2019
Income statement
Revenue	59,3 M €	+4.0%	57 M €	+3.0%	55,4 M €	-1.7%	56,3 M €	-13.7%	65,2 M €
EBITDA	4,5 M €	+21.1%	3,7 M €	+180%	-4,7 M €	-88.3%	-2,5 M €	-132%	7,7 M €
Operating result	-212 k €	-174%	287,7 k €	+104%	-7,7 M €	+7.9%	-8,3 M €	-731%	-999,5 k €
Net result	-1,3 M €	-741%	-153,1 k €	+98.1%	-7,9 M €	+8.7%	-8,6 M €	-551%	-1,3 M €
Balance sheet
Equity	6,2 M €	+324%	1,5 M €	-9.5%	1,6 M €	-53.5%	3,5 M €	-71.3%	12,1 M €
Total assets	37 M €	+23.0%	30,1 M €	+23.3%	24,4 M €	+0.7%	24,3 M €	-27.6%	33,5 M €
Cash	14,4 M €	+72.7%	8,3 M €	+28.9%	6,5 M €	+72.3%	3,7 M €	-59.7%	9,3 M €
Debts	27,2 M €	+9.2%	24,9 M €	+38.7%	17,9 M €	+9.1%	16,5 M €	-10.8%	18,4 M €
Other
Workforce	624,7 ETP	-2.6%	641,4 ETP	-12.9%	736,0 ETP	-10.5%	821,9 ETP	+5.4%	780,1 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2023

3 active · 51 ended

Active mandates

Director	Function	Mandate
Joyce Pafort	Director	12/02/2024 → 27/05/2030
Andreas Coppens	Director	26/03/2020 → 12/02/2024
Kris Benoit	Director	26/03/2020 → 26/05/2025

Ended mandates

Director	Function	Mandate	Other mandatescurrentendedstruck offbankruptcies
Andreas Coppens	Director	26/03/2020 → 26/05/2025
Guido Verbeek	Director	19/11/2018 → 27/05/2024	00
Guido Verbeek	Managing director	19/11/2018 → 26/03/2020	00
Steve Kelly	Director	12/01/2018 → 19/11/2018

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	08/06/2026	20/06/2025	20/11/2024	26/06/2023	17/04/2023	21/06/2021
General meeting	26/05/2026	26/05/2025	21/06/2024	30/05/2023	30/05/2022	25/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 36 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	26/05/2026	08/06/2026	Dutch	PDF
Full model	31/12/2024	26/05/2025	20/06/2025	Dutch	PDF
Full modelCorrection	31/12/2023	21/06/2024	20/11/2024	Dutch	PDF
Full model	31/12/2023	21/06/2024	24/06/2024	Dutch	PDF
Full model	31/12/2022	30/05/2023	26/06/2023	Dutch	PDF
Full modelCorrection	31/12/2021	30/05/2022	17/04/2023	Dutch	PDF
Full model	31/12/2021	30/05/2022	23/06/2022	Dutch	PDF
Full model	31/12/2020	25/05/2021	21/06/2021	Dutch	PDF
Full model	31/12/2019	25/05/2020	30/07/2020	Dutch	PDF
Full model	31/12/2019	25/05/2020	24/07/2020	French	PDF
Full model	31/12/2018	27/05/2019	18/07/2019	Dutch	PDF
Full model	31/12/2018	27/05/2019	18/07/2019	French	PDF
Full model	31/12/2017	28/05/2018	28/06/2018	French	PDF
Full model	31/12/2017	28/05/2018	28/06/2018	Dutch	PDF
Full model	31/12/2016	29/05/2017	29/06/2017	French	PDF
Full model	31/12/2016	29/05/2017	29/06/2017	Dutch	PDF
Full model	31/12/2015	30/05/2016	27/06/2016	Dutch	PDF
Full model	31/12/2015	30/05/2016	27/06/2016	French	PDF
Full model	31/12/2014	25/05/2015	25/06/2015	French	PDF
Full model	31/12/2014	25/05/2015	25/06/2015	Dutch	PDF
Full model	31/12/2013	30/06/2014	31/07/2014	French	PDF
Full model	31/12/2013	30/06/2014	31/07/2014	Dutch	PDF
Full model	31/12/2012	27/05/2013	29/07/2013	Dutch	PDF
Full model	31/12/2012	27/05/2013	29/07/2013	French	PDF
Full model	31/12/2011	29/05/2012	26/07/2012	Dutch	PDF
Full model	31/12/2011	29/05/2012	26/07/2012	French	PDF
Full model	31/12/2010	30/05/2011	20/07/2011	Dutch	PDF
Full model	31/12/2010	30/05/2011	20/07/2011	French	PDF
Full model	31/12/2009	31/05/2010	24/06/2010	Dutch	PDF
Full model	31/12/2009	31/05/2010	24/06/2010	French	PDF
Full model	31/12/2008	25/05/2009	03/07/2009	French	PDF
Full model	31/12/2008	25/05/2009	03/07/2009	Dutch	PDF
Full model	31/12/2007	26/05/2008	28/07/2008	Dutch	PDF
Full model	31/12/2007	26/05/2008	25/07/2008	French	PDF
Full model	31/12/2006	18/06/2007	27/07/2007	French	PDF
Full model	31/12/2006	18/06/2007	27/07/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2023

3 active · 51 ended

Active mandates

Director	Function	Mandate
Joyce Pafort	Director	12/02/2024 → 27/05/2030
Andreas Coppens	Director	26/03/2020 → 12/02/2024
Kris Benoit	Director	26/03/2020 → 26/05/2025

Ended mandates

Director	Function	Mandate	Other mandatescurrentendedstruck offbankruptcies
Andreas Coppens	Director	26/03/2020 → 26/05/2025
Guido Verbeek	Director	19/11/2018 → 27/05/2024	00
Guido Verbeek	Managing director	19/11/2018 → 26/03/2020	00
Steve Kelly	Director	12/01/2018 → 19/11/2018

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates22/07/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/03/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/12/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/12/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other09/01/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office26/06/2023
MAATSCHAPPELIJKE ZETEL
PDF
Mandates11/05/2022
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares28/12/2021
KAPITAAL - AANDELEN
PDF

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A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

12/02/2024
nominationJoyce Pafort · onbezoldigd bestuurder
2023
Annual accounts 2023-1,3 M €↓
2022
Annual accounts 2022-153,1 k €↑
31/12/2021
reconductionPwC Bedrijfsrevisoren BV · commissaris
2021
Annual accounts 2021-7,9 M €↑
2020
Annual accounts 2020-8,6 M €↓
26/03/2020
demissionAndreas Coppens · bestuurder
2019
Annual accounts 2019-1,3 M €↓
2019
Name changeBrink's Solutions Belgium
2018
Annual accounts 20181,6 M €↓
2017
Annual accounts 20172,2 M €↓
2016
Annual accounts 20162,3 M €↓
2015
Annual accounts 20153,4 M €↓
2014
Annual accounts 20147,6 M €↑
2013
Annual accounts 20132,3 M €↓
2012
Annual accounts 20124,8 M €↓
2011
Annual accounts 20116,6 M €↓
2010
Annual accounts 20107,5 M €↓
2009
Annual accounts 200934,7 M €↑
2009
Name changeG4S Cash Solutions (Belgium)
2008
Annual accounts 20087,5 M €↑
2007
Annual accounts 20075,8 M €↑
2006
Annual accounts 20062,3 M €
22/04/1969
IncorporationPublic limited company

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Spoorwegstraat 20, 1702 Groot-BijgaardenCurrent	accounts 2022 → 2023 · CBE, tracked since 27/09/2026	Accounts 2023 · 2024-00604873
Stationsstraat 20, 1702 Groot-Bijgaarden	accounts 2021	Accounts 2021 · 2022-20091189

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
Brink's Solutions BelgiumCurrent	accounts 2019 → 2023 · CBE, tracked since 27/09/2026	Accounts 2023 · 2024-00604873
G4S Cash Solutions (Belgium)	accounts 2009 → 2018	Accounts 2018 · 2019-35300341
G4S Cash Services (Belgium)	accounts 2006 → 2008	Accounts 2008 · 2009-36400207

Annual accounts date a value by the financial year it appears in. The CBE dates a change to the day, but its history has only been kept since 27/09/2026.

Brink's Solutions Belgium

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline

Registered offices

Company names