ACTIVE

INSEC

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Financial year 2025 · closed on 31/12/2025
Net result
104,1 k €
+11.4% YoY
Gross margin
155,8 k €
+12.7% YoY
Equity
335 k €
+34.2% YoY

What does INSEC do?

INSEC is a Private limited company incorporated in 2013. Its main activity is: Service activities incidental to air transportation. Its registered office is in Oostende.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0539.813.611
Incorporation
30/09/2013
Legal form
Private limited company
Registered office
Kuipweg 13
8400 Oostende · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Activities (NACE)
52230Service activities incidental to air transportation· main52230Service activities incidental to air transportation46180Agents specialised in the sale of other particular products46180Agents specialised in the sale of other particular products46190Agents involved in the sale of a variety of goods46190Agents involved in the sale of a variety of goods
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 12 financial years

202520242023202220212020201920182017201620152014
Income statement
Gross margin155,8 k €138,3 k €93,3 k €32,5 k €12,5 k €10,7 k €22,8 k €4,6 k €86,2 k €97,7 k €41 k €45 k €
EBITDA154,9 k €137,5 k €92,6 k €31,3 k €11,4 k €10 k €22,2 k €3,9 k €85,3 k €97,2 k €40,9 k €44,7 k €
Operating result154,5 k €136,9 k €92 k €30,8 k €5,6 k €4,6 k €16,8 k €-1,4 k €79,9 k €96,8 k €40,4 k €44,1 k €
Net result104,1 k €93,5 k €68,2 k €27,3 k €8,2 k €13,1 k €18,8 k €4,1 k €49,2 k €67,4 k €28,7 k €29,3 k €
Balance sheet
Equity335 k €249,7 k €160,2 k €141,2 k €181,3 k €201,8 k €216,1 k €197,3 k €193,2 k €144 k €76,6 k €47,9 k €
Total assets360,6 k €341,4 k €169,8 k €162,6 k €224,3 k €207,6 k €221,6 k €211,5 k €220,4 k €406,4 k €167,3 k €83,6 k €
Cash271,5 k €161,1 k €22 k €32,4 k €16,9 k €13,2 k €34,3 k €34,7 k €25,9 k €18,6 k €15,8 k €32,7 k €
Debts25,5 k €91 k €9,6 k €19,2 k €17,8 k €5,3 k €5,4 k €14,2 k €27,2 k €262,4 k €90,7 k €35,6 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 4 ended

Active mandates

Alain Alfred Van Lierde

Director

Active

Ended mandates

Alain Alfred R Van Lierde

Bestuurder

Ended
Alain Alfred R Van Lierde

Director

Ended
Alain Alfred R Van Lierde

Administrator - manager

Ended
Alain Van Lierde

Administrator - manager

Ended
At this address

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Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date18/05/202622/07/202507/08/202429/08/202323/08/202230/08/2021
General meeting11/05/202612/05/202513/05/202408/05/202309/05/202210/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

12 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202511/05/202618/05/2026DutchPDF
Micro model31/12/202412/05/202522/07/2025DutchPDF
Micro model31/12/202313/05/202407/08/2024DutchPDF
Micro model31/12/202208/05/202329/08/2023DutchPDF
Micro model31/12/202109/05/202223/08/2022DutchPDF
Micro model31/12/202010/05/202130/08/2021DutchPDF
Micro model31/12/201911/05/202028/10/2020DutchPDF
Micro model31/12/201813/05/201928/08/2019DutchPDF
Micro model31/12/201714/05/201829/08/2018DutchPDF
Micro model31/12/201608/05/201730/08/2017DutchPDF
Abridged model31/12/201502/01/201631/08/2016DutchPDF
Abridged model31/12/201411/05/201525/08/2015DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 31/12/2025 · 1 active · 4 ended

Active mandates

Alain Alfred Van Lierde

Director

Active

Ended mandates

Alain Alfred R Van Lierde

Bestuurder

Ended
Alain Alfred R Van Lierde

Director

Ended
Alain Alfred R Van Lierde

Administrator - manager

Ended
Alain Van Lierde

Administrator - manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates12/12/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other10/10/2013
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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

Timeline

  1. 2025
    Annual accounts 2025104,1 k €↑
  2. 2024
    Annual accounts 202493,5 k €↑
  3. 2023
    Annual accounts 202368,2 k €↑
  4. 2022
    Annual accounts 202227,3 k €↑
  5. 2021
    Annual accounts 20218,2 k €↓
  6. 2020
    Annual accounts 202013,1 k €↓
  7. 2019
    Annual accounts 201918,8 k €↑
  8. 2018
    Annual accounts 20184,1 k €↓
  9. 2017
    Annual accounts 201749,2 k €↓
  10. 2016
    Annual accounts 201667,4 k €↑
  11. 2015
    Annual accounts 201528,7 k €↓
  12. 2014
    Annual accounts 201429,3 k €
  13. 30/09/2013
    IncorporationPrivate limited company