ACTIVE

BEPS

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Financial year 2025 · closed on 30/06/2025

Net result

190 k €

-69.2% YoY

Gross margin

4,9 M €

-8.8% YoY

Equity

-541,9 k €

+27.8% YoY

Workforce

58,6 ETP

-4.4% YoY

What does BEPS do?

BEPS is a Cooperative society incorporated in 1998. Its main activity is: Security and investigation activities. Its registered office is in Bruxelles. It employs on average 58,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0463.792.731

Incorporation

10/07/1998

Legal form

Cooperative society

Registered office

Avenue Franklin Roosevelt 23
1050 Bruxelles · BruxellesSee on map

Contributed capital

24 789,35 €

Latest accounts

30/06/2025

Average workforce

58,6 ETP

Activities (NACE)

80424Security and investigation activities· main 85599Other education n.e.c.85599Other education n.e.c.

Joint committees (4)

Contacts

2 public details availableLog in to view

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	4,9 M €	-8.8%	5,4 M €	+14.2%	4,7 M €	+16.2%	4,1 M €	+15.2%	3,5 M €	-7.4%	3,8 M €	+18.8%	3,2 M €	+9.2%	2,9 M €	+19.8%	2,5 M €	-4.5%	2,6 M €	+11.0%	2,3 M €	+1.4%	2,3 M €	-8.4%	2,5 M €	+2.1%	2,4 M €	+35.0%	1,8 M €	-24.4%	2,4 M €	-4.5%	2,5 M €	-0.7%	2,5 M €	-8.6%	2,8 M €	+38.9%	2 M €
EBITDA	386,2 k €	-62.4%	1 M €	+31.1%	783,7 k €	+94.7%	402,4 k €	+114%	187,7 k €	-65.0%	535,9 k €	+17.0%	458 k €	-24.1%	603,2 k €	+146%	244,8 k €	-50.0%	489,4 k €	+198%	164 k €	-21.4%	208,8 k €	-39.4%	344,4 k €	+0.9%	341,3 k €	+733%	-53,9 k €	+62.2%	-142,7 k €	+68.9%	-458,5 k €	-923%	55,7 k €	-90.8%	604,8 k €	+184%	-718,1 k €
Operating result	307,4 k €	-66.5%	916,8 k €	+35.7%	675,4 k €	+91.5%	352,7 k €	+333%	81,4 k €	-83.6%	495,7 k €	+29.2%	383,7 k €	-30.8%	554,2 k €	+161%	212,3 k €	-58.1%	507,2 k €	+223%	157,1 k €	+4.4%	150,5 k €	-43.0%	263,8 k €	-3.5%	273,5 k €	+350%	-109,2 k €	+43.7%	-194,2 k €	+66.7%	-583,7 k €	-5044%	-11,3 k €	-102%	518,7 k €	+162%	-831,9 k €
Net result	190 k €	-69.2%	616,8 k €	+45.1%	425 k €	+112%	200,8 k €	+17137%	1,2 k €	-99.6%	283,2 k €	+89.0%	149,9 k €	-37.2%	238,7 k €	+281%	62,7 k €	-69.8%	207,6 k €	+342%	46,9 k €	+162%	17,9 k €	-81.0%	94,2 k €	-94.1%	1,6 M €	+713%	-261 k €	+32.4%	-386,3 k €	+51.1%	-789,4 k €	-311%	-192 k €	-149%	393,5 k €	+145%	-872,7 k €
Balance sheet
Equity	-541,9 k €	+27.8%	-750,5 k €	+45.1%	-1,4 M €	+23.7%	-1,8 M €	+10.1%	-2 M €	+0.1%	-2 M €	+12.4%	-2,3 M €	+6.2%	-2,4 M €	+9.0%	-2,7 M €	+2.3%	-2,7 M €	+7.1%	-2,9 M €	+1.6%	-3 M €	+0.6%	-3 M €	+3.0%	-3,1 M €	+34.1%	-4,7 M €	-6.3%	-4,4 M €	-9.6%	-4 M €	-24.4%	-3,2 M €	-6.3%	-3 M €	+11.4%	-3,4 M €
Total assets	2,3 M €	-0.6%	2,3 M €	+5.5%	2,2 M €	+43.4%	1,5 M €	+33.1%	1,2 M €	-79.2%	5,6 M €	+11.3%	5 M €	+16.7%	4,3 M €	+16.3%	3,7 M €	+20.9%	3,1 M €	+12.2%	2,7 M €	+6.7%	2,6 M €	+8.2%	2,4 M €	-11.0%	2,7 M €	+12.2%	2,4 M €	+20.1%	2 M €	-32.3%	2,9 M €	-2.1%	3 M €	-1.0%	3 M €	+21.4%	2,5 M €
Cash	2 M €	+3.4%	2 M €	+8.1%	1,8 M €	+42.3%	1,3 M €	+36.7%	931,8 k €	-53.2%	2 M €	+6.3%	1,9 M €	+3.8%	1,8 M €	+35.7%	1,3 M €	+0.6%	1,3 M €	+36.8%	965,8 k €	+110%	460,8 k €	-24.0%	606,1 k €	-9.2%	667,4 k €	+124%	298,6 k €	+8.0%	276,5 k €	+33.5%	207,2 k €	+115%	96,4 k €	-40.4%	161,8 k €	+34.1%	120,6 k €
Debts	2,7 M €	-7.4%	3 M €	-12.9%	3,4 M €	+5.4%	3,2 M €	+7.9%	3 M €	-16.4%	3,6 M €	+8.0%	3,3 M €	+0.3%	3,3 M €	+12.7%	2,9 M €	-5.3%	3,1 M €	+2.0%	3 M €	-3.3%	3,1 M €	+1.3%	3,1 M €	+1.4%	3,1 M €	-38.2%	4,9 M €	+6.0%	4,7 M €	+7.1%	4,3 M €	+17.4%	3,7 M €	+16.5%	3,2 M €	+24.6%	2,5 M €
Other
Workforce	58,6 ETP	-4.4%	61,3 ETP	+10.1%	55,7 ETP	+10.5%	50,4 ETP	+7.0%	47,1 ETP	+9.8%	42,9 ETP	+4.4%	41,1 ETP	+14.2%	36,0 ETP	+8.4%	33,2 ETP	-1.5%	33,7 ETP	-6.6%	36,1 ETP	+1.1%	35,7 ETP	-3.3%	36,9 ETP	+3.4%	35,7 ETP	-5.1%	37,6 ETP	+44.6%	26,0 ETP	-52.5%	54,7 ETP	-1.6%	55,6 ETP	-0.7%	56,0 ETP	-4.8%	58,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 14 ended

Active mandates

Christian CLIVAZ

Manager · since 05 août 2022

Active

Paul SOERENSEN

Manager · since 05 août 2022

Active

Ended mandates

Christian CLIVAZ

Manager · since 15 décembre 2007

Ended

Charles GELLAR

Manager · since 01 avril 2006

Ended

Poul SOERENSEN

Manager · since 01 avril 2006

Ended

Charles Gellar

Manager · since 31 mars 2006

Ended

At this address

Other companies at this address

Company	CBE no.
CKG Properties● Active	0415.724.875

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	17/12/2025	17/12/2024	09/01/2024	29/03/2023	22/12/2021	24/12/2020
General meeting	12/12/2025	13/12/2024	08/12/2023	09/12/2022	10/12/2021	11/12/2020
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

Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	12/12/2025	17/12/2025	French	PDF
Abridged model	30/06/2024	13/12/2024	17/12/2024	French	PDF
Abridged model	30/06/2023	08/12/2023	09/01/2024	French	PDF
Abridged model	30/06/2022	09/12/2022	29/03/2023	French	PDF
Abridged model	30/06/2021	10/12/2021	22/12/2021	French	PDF
Abridged model	30/06/2020	11/12/2020	24/12/2020	French	PDF
Abridged model	30/06/2019	14/12/2019	29/04/2020	French	PDF
Abridged model	30/06/2018	31/01/2019	28/02/2019	French	PDF
Abridged model	30/06/2017	19/01/2018	30/01/2018	French	PDF
Abridged model	30/06/2016	09/12/2016	10/01/2017	French	PDF
Abridged model	30/06/2015	14/06/2016	23/06/2016	French	PDF
Abridged model	30/06/2014	02/06/2015	11/06/2015	French	PDF
Abridged model	30/06/2013	12/06/2014	26/06/2014	French	PDF
Abridged model	30/06/2013	20/01/2014	03/06/2014	Dutch	PDF
Abridged model	30/06/2012	21/01/2013	28/02/2013	French	PDF
Abridged model	30/06/2011	05/12/2011	05/03/2012	French	PDF
Abridged model	30/06/2010	06/12/2010	31/05/2011	French	PDF
Abridged model	30/06/2009	07/12/2009	12/02/2010	French	PDF
Abridged model	30/06/2008	12/12/2008	27/03/2009	Dutch	PDF
Abridged model	30/06/2007	13/02/2008	25/04/2008	Dutch	PDF
Abridged model	31/08/2006	11/09/2007	06/05/2008	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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.

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 14 ended

Active mandates

Christian CLIVAZ

Manager · since 05 août 2022

Active

Paul SOERENSEN

Manager · since 05 août 2022

Active

Ended mandates

Christian CLIVAZ

Manager · since 15 décembre 2007

Ended

Charles GELLAR

Manager · since 01 avril 2006

Ended

Poul SOERENSEN

Manager · since 01 avril 2006

Ended

Charles Gellar

Manager · since 31 mars 2006

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other28/03/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Other15/07/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates12/09/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/08/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates05/08/2022
OBJET - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Mandates03/11/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates19/02/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates29/10/2020
DEMISSIONS, NOMINATIONS - MODIFICATION FORME JURIDIQUE
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 2025190 k €↓
2024
Annual accounts 2024616,8 k €↑
2023
Annual accounts 2023425 k €↑
2022
Annual accounts 2022200,8 k €↑
2021
Annual accounts 20211,2 k €↓
2020
Annual accounts 2020283,2 k €↑
2019
Annual accounts 2019149,9 k €↓
2018
Annual accounts 2018238,7 k €↑
2017
Annual accounts 201762,7 k €↓
2016
Annual accounts 2016207,6 k €↑
2015
Annual accounts 201546,9 k €↑
2014
Annual accounts 201417,9 k €↓
2013
Annual accounts 201394,2 k €↓
2012
Annual accounts 20121,6 M €↑
2011
Annual accounts 2011-261 k €↑
2010
Annual accounts 2010-386,3 k €↑
2009
Annual accounts 2009-789,4 k €↓
2008
Annual accounts 2008-192 k €↓
2007
Annual accounts 2007393,5 k €↑
2006
Annual accounts 2006-872,7 k €
10/07/1998
IncorporationCooperative society

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

BEPS

Overview

What does BEPS do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

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