NORMAL SITUATION

SECURITY SERVICE

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Financial year 2022 · closed on 31/12/2022

Net result

86,6 k €

+268.9% YoY

Gross margin

62,2 k €

-56.8% YoY

Equity

37,5 k €

-62.8% YoY

Workforce

0,3 ETP

Company — Normal situation.

What does SECURITY SERVICE do?

SECURITY SERVICE is a company registered in Belgium. It employs on average 0,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0476.011.167

Legal form

Private company with limited liability

Contributed capital

31 000,00 €

Latest accounts

31/12/2022

Average workforce

0,3 ETP

Joint committees (1)

14901

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	62,2 k €	-56.8%	144 k €	-3.7%	149,5 k €	-35.8%	232,9 k €	+33.2%	174,8 k €	-16.9%	210,2 k €	+22.9%	171,1 k €	-31.8%	250,7 k €	+72.5%	145,4 k €	-26.1%	196,6 k €	-4.4%	205,6 k €	-9.0%	226 k €	+25.9%	179,6 k €	-3.8%	186,7 k €	+50.9%	123,7 k €	+21.9%	101,5 k €	+2.6%	98,9 k €
EBITDA	45,7 k €	-45.5%	83,8 k €	+20.7%	69,4 k €	-45.0%	126,1 k €	+164%	47,8 k €	-41.2%	81,4 k €	+182%	28,8 k €	-69.9%	95,7 k €	+604%	-19 k €	-117%	110,8 k €	-9.6%	122,6 k €	-15.4%	145 k €	+38.1%	105 k €	-9.8%	116,5 k €	+83.8%	63,4 k €	+88.1%	33,7 k €	-41.8%	57,9 k €
Operating result	26,5 k €	-50.4%	53,5 k €	+35.5%	39,5 k €	-58.3%	94,7 k €	+7868%	1,2 k €	-95.6%	26,8 k €	+348%	-10,8 k €	-119%	56,7 k €	+188%	-64,4 k €	-226%	51,2 k €	-30.4%	73,5 k €	-18.7%	90,4 k €	+56.2%	57,9 k €	-16.0%	68,9 k €	+151%	27,5 k €	+85.2%	14,8 k €	-66.3%	44 k €
Net result	86,6 k €	+269%	23,5 k €	-8.9%	25,8 k €	-58.4%	61,9 k €	+1470%	-4,5 k €	-129%	15,4 k €	+172%	-21,3 k €	-143%	49,5 k €	+165%	-75,7 k €	-408%	24,5 k €	-37.3%	39,2 k €	-32.3%	57,8 k €	+73.0%	33,4 k €	-22.7%	43,2 k €	+84.3%	23,5 k €	+105%	11,5 k €	-69.4%	37,4 k €
Balance sheet
Equity	37,5 k €	-62.8%	100,7 k €	-73.9%	385,9 k €	+7.2%	360,1 k €	+20.8%	298,2 k €	-1.5%	302,7 k €	+5.3%	287,4 k €	-6.9%	308,7 k €	+19.1%	259,2 k €	-22.6%	334,9 k €	+7.9%	310,4 k €	+14.4%	271,2 k €	+27.1%	213,4 k €	+18.6%	179,9 k €	+31.6%	136,7 k €	+20.7%	113,2 k €	+6.0%	106,8 k €
Total assets	131,5 k €	-73.5%	496,6 k €	-1.8%	505,7 k €	+2.1%	495,5 k €	+11.1%	446 k €	-5.2%	470,3 k €	-0.4%	472,3 k €	-3.5%	489,2 k €	+0.1%	488,8 k €	-13.9%	567,6 k €	+1.2%	560,9 k €	+7.5%	521,9 k €	+2.1%	511,2 k €	+1.5%	503,8 k €	+26.1%	399,4 k €	+88.1%	212,3 k €	+42.5%	149 k €
Cash	40,4 k €	-88.2%	343,1 k €	+8.7%	315,7 k €	+25.5%	251,4 k €	+17.2%	214,5 k €	+19.9%	178,9 k €	-10.0%	198,8 k €	+30.8%	151,9 k €	-0.4%	152,6 k €	-30.2%	218,7 k €	+2.8%	212,7 k €	+36.4%	156 k €	+101%	77,7 k €	+2.2%	75,9 k €	+196%	25,7 k €	-75.4%	104,4 k €	+6.8%	97,8 k €
Debts	58,7 k €	-85.2%	395,9 k €	+230%	119,8 k €	-11.5%	135,4 k €	-8.2%	147,5 k €	-12.0%	167,6 k €	-9.4%	184,9 k €	+2.4%	180,6 k €	-21.3%	229,5 k €	-1.3%	232,7 k €	-7.1%	250,5 k €	-0.1%	250,7 k €	-15.8%	297,8 k €	-8.0%	323,9 k €	+23.3%	262,7 k €	+165%	99,1 k €	+135%	42,2 k €
Other
Workforce	0,3 ETP		–		–		–		–		–		–		3,3 ETP	-8.3%	3,6 ETP	+12.5%	3,2 ETP	+33.3%	2,4 ETP	+9.1%	2,2 ETP	+10.0%	2,0 ETP	0.0%	2,0 ETP	+5.3%	1,9 ETP	-5.0%	2,0 ETP	+100%	1,0 ETP

Governance

Board of directors

Seen on filing of 31/12/2022 · 7 active · 6 ended

Active mandates

PASCAL VOETS

Director · since 01 janvier 2022 · until 31 mars 2022

Active

PATRICIA SCHOETERS

Director · since 01 janvier 2022 · until 31 mars 2022

Active

AFL MANAGEMENT

Director · 0887.973.830

Represented by Xavier Mignolet

Active

Frederic Bertrand

Director

Active

Martin Struyf

Director

Active

Philippe Lambert

Director

Active

Richard Pollard

Director

Active

Ended mandates

Pascal Voets

Administrator - manager · since 01 décembre 2001

Ended

Pascal Voets

Manager · since 01 décembre 2001

Ended

Pascal Voets

Manager

Ended

Patricia Schoeters

Director

Ended

Annual accounts

Full financial information

	2022	2021	2020	2019	2018	2017
Type of account	Abridged model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2022	01/01/2021	01/01/2020	01/01/2019	01/01/2018	01/01/2017
Closing of the financial year	31/12/2022	31/12/2021	31/12/2020	31/12/2019	31/12/2018	31/12/2017
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	14/06/2023	30/03/2022	25/08/2021	30/10/2020	23/08/2019	31/08/2018
General meeting	01/06/2023	18/03/2022	25/06/2021	26/06/2020	28/06/2019	29/06/2018
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	31/12/2022	01/06/2023	14/06/2023	Dutch	PDF
Micro model	31/12/2021	18/03/2022	30/03/2022	Dutch	PDF
Micro model	31/12/2020	25/06/2021	25/08/2021	Dutch	PDF
Micro model	31/12/2019	26/06/2020	30/10/2020	Dutch	PDF
Micro model	31/12/2018	28/06/2019	23/08/2019	Dutch	PDF
Micro model	31/12/2017	29/06/2018	31/08/2018	Dutch	PDF
Micro model	31/12/2016	30/06/2017	04/09/2017	Dutch	PDF
Abridged model	31/12/2015	24/06/2016	31/08/2016	Dutch	PDF
Abridged model	31/12/2014	26/06/2015	07/08/2015	Dutch	PDF
Abridged model	31/12/2013	27/06/2014	29/08/2014	Dutch	PDF
Abridged model	31/12/2012	28/06/2013	29/08/2013	Dutch	PDF
Abridged model	31/12/2011	29/06/2012	29/08/2012	Dutch	PDF
Abridged model	31/12/2010	24/06/2011	30/09/2011	Dutch	PDF
Abridged model	31/12/2009	25/06/2010	21/12/2010	Dutch	PDF
Abridged model	31/12/2008	26/06/2009	27/08/2009	Dutch	PDF
Abridged model	31/12/2007	27/06/2008	30/06/2008	Dutch	PDF
Abridged model	31/12/2006	29/06/2007	29/08/2007	Dutch	PDF
Abridged model	31/12/2005	30/06/2006	03/07/2006	Dutch	PDF
Abridged model	31/12/2004	24/06/2005	05/07/2005	Dutch	PDF
Abridged model	31/12/2003	25/06/2004	29/06/2004	Dutch	PDF
Abridged model	31/12/2002	27/06/2003	02/07/2003	Dutch	PDF

Estimate

Indicative valuation

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 31/12/2022 · 7 active · 6 ended

Active mandates

PASCAL VOETS

Director · since 01 janvier 2022 · until 31 mars 2022

Active

PATRICIA SCHOETERS

Director · since 01 janvier 2022 · until 31 mars 2022

Active

AFL MANAGEMENT

Director · 0887.973.830

Represented by Xavier Mignolet

Active

Frederic Bertrand

Director

Active

Martin Struyf

Director

Active

Philippe Lambert

Director

Active

Richard Pollard

Director

Active

Ended mandates

Pascal Voets

Administrator - manager · since 01 décembre 2001

Ended

Pascal Voets

Manager · since 01 décembre 2001

Ended

Pascal Voets

Manager

Ended

Patricia Schoeters

Director

Ended

Shareholders

Ownership and network

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Competition

Similar companies

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

See the Business plan

2022
Annual accounts 202286,6 k €↑
2021
Annual accounts 202123,5 k €↓
2020
Annual accounts 202025,8 k €↓
2019
Annual accounts 201961,9 k €↑
2018
Annual accounts 2018-4,5 k €↓
2017
Annual accounts 201715,4 k €↑
2016
Annual accounts 2016-21,3 k €↓
2015
Annual accounts 201549,5 k €↑
2014
Annual accounts 2014-75,7 k €↓
2013
Annual accounts 201324,5 k €↓
2012
Annual accounts 201239,2 k €↓
2011
Annual accounts 201157,8 k €↑
2010
Annual accounts 201033,4 k €↓
2009
Annual accounts 200943,2 k €↑
2008
Annual accounts 200823,5 k €↑
2007
Annual accounts 200711,5 k €↓
2006
Annual accounts 200637,4 k €

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

SECURITY SERVICE

Overview

What does SECURITY SERVICE do?

Trend over 17 financial years

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline