ACTIVE

MAAT SECURITY

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Financial year 2025 · closed on 31/12/2025
Net result
137,4 k €
-45.0% YoY
Revenue
24,7 M €
+42.5% YoY
Equity
416 k €
+49.3% YoY
Workforce
386,4 ETP
+35.0% YoY

What does MAAT SECURITY do?

MAAT SECURITY is a Public limited company incorporated in 2014. Its main activity is: Security and investigation activities. Its registered office is in Lummen. It employs on average 386,4 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0552.866.346
Incorporation
13/05/2014
Legal form
Public limited company
Registered office
Klaverbladstraat 19A
3560 Lummen · FlandreSee on map
Contributed capital
1 600 000,00 €
Latest accounts
31/12/2025
Average workforce
386,4 ETP
Activities (NACE)
80010Security and investigation activities· main80100Private security activities80090Security and investigation activities80200Security systems service activities
Joint committees (3)
  • 317
  • 3170
  • 31700
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 5 financial years

20252024202320222021
Income statement
Revenue24,7 M €17,3 M €13,1 M €11,4 M €12 M €
EBITDA348,5 k €441,1 k €-333,2 k €-424,6 k €-867,9 k €
Operating result281,3 k €319,7 k €-371,4 k €-460,3 k €-906,1 k €
Net result137,4 k €250 k €-412,1 k €-504,8 k €-11 k €
Balance sheet
Equity416 k €278,6 k €28,6 k €-759,3 k €-254,5 k €
Total assets7,3 M €4,2 M €3,7 M €2,3 M €2 M €
Cash841,9 k €19,5 k €335,1 k €443,1 k €23,3 k €
Debts6,4 M €3,5 M €3,4 M €2,9 M €2,1 M €
Other
Workforce386,4 ETP286,3 ETP233,2 ETP233,2 ETP252,6 ETP
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 · 4 active · 16 ended

Active mandates

Aimé Lyagre

Director · since 12 juin 2026

Active
KEEPITSIMPLE

Director · since 12 juin 2026 · 0759.460.213

Represented by Jo Harings

Active
Christof Mpitzilis

Director · since 17 février 2023

Active
JSW Consult

Director · since 17 juillet 2015 · until 12 juin 2026 · 0633.817.497

Represented by Jan Swerts

Active

Ended mandates

JSW Consult

Director · since 17 février 2023 · 0633.817.497

Represented by Swerts JAN

Ended
JSW Consult

Managing director · since 30 juin 2021 · until 21 avril 2027 · 0633.817.497

Represented by Jan SWERTS

Ended
KNIPSCHEER Rudy

Director · since 30 juin 2021 · until 17 février 2023

Ended
ROLLERI Romano

Director · since 30 juin 2021 · until 17 février 2023

Ended
At this address

Other companies at this address

CompanyCBE no.
MAAT Group● Active
0797.616.449
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull 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 date31/07/202614/07/202504/12/202403/01/202430/09/202223/07/2021
General meeting30/07/202627/06/202528/11/202422/12/202327/09/202230/06/2021
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

11 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202530/07/202631/07/2026DutchPDF
Full model31/12/202427/06/202514/07/2025DutchPDF
Full model31/12/202328/11/202404/12/2024DutchPDF
Full model31/12/202222/12/202303/01/2024DutchPDF
Full model31/12/202127/09/202230/09/2022DutchPDF
Full model31/12/202030/06/202123/07/2021DutchPDF
Abridged model31/12/201908/09/202020/11/2020DutchPDF
Abridged model31/12/201808/05/201923/10/2019DutchPDF
Abridged model31/12/201706/06/201809/07/2018DutchPDF
Abridged model31/12/201619/04/201731/05/2017DutchPDF
Abridged model31/12/201511/05/201617/06/2016DutchPDF
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 · 4 active · 16 ended

Active mandates

Aimé Lyagre

Director · since 12 juin 2026

Active
KEEPITSIMPLE

Director · since 12 juin 2026 · 0759.460.213

Represented by Jo Harings

Active
Christof Mpitzilis

Director · since 17 février 2023

Active
JSW Consult

Director · since 17 juillet 2015 · until 12 juin 2026 · 0633.817.497

Represented by Jan Swerts

Active

Ended mandates

JSW Consult

Director · since 17 février 2023 · 0633.817.497

Represented by Swerts JAN

Ended
JSW Consult

Managing director · since 30 juin 2021 · until 21 avril 2027 · 0633.817.497

Represented by Jan SWERTS

Ended
KNIPSCHEER Rudy

Director · since 30 juin 2021 · until 17 février 2023

Ended
ROLLERI Romano

Director · since 30 juin 2021 · until 17 février 2023

Ended
Shareholders

Ownership and network

Looking for more information about this company?

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates02/07/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates06/05/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares14/02/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Mandates09/03/2023
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates19/08/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares30/04/2018
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Registered office25/04/2016
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates06/08/2015
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM
    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 2025137,4 k €↓
  2. 2024
    Annual accounts 2024250 k €↑
  3. 2023
    Annual accounts 2023-412,1 k €↑
  4. 2022
    Annual accounts 2022-504,8 k €↓
  5. 2021
    Annual accounts 2021-11 k €
  6. 13/05/2014
    IncorporationPublic limited company