ACTIVE

ASB SECURITY

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Financial year 2025 · closed on 31/12/2025

Net result

106,1 k €

+69.2% YoY

Gross margin

601,7 k €

+32.7% YoY

Equity

390,5 k €

+37.3% YoY

Workforce

6,5 ETP

+22.6% YoY

What does ASB SECURITY do?

ASB SECURITY is a Private company with limited liability incorporated in 2010. Its main activity is: Security and investigation activities. Its registered office is in Steenokkerzeel. It employs on average 6,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0827.754.646

Incorporation

12/07/2010

Legal form

Private company with limited liability

Registered office

Vliegveld 752
1820 Steenokkerzeel · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

6,5 ETP

Activities (NACE)

80010Security and investigation activities· main 80100Private security activities

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011
Income statement
Gross margin	601,7 k €	+32.7%	453,3 k €	+1.0%	448,9 k €	+8.5%	414 k €	+14.7%	360,8 k €	+55.8%	231,6 k €	+4.8%	221 k €	+310%	54 k €	+412%	-17,3 k €	-281%	9,5 k €	-66.4%	28,4 k €	-48.1%	54,8 k €	+169%	-79,2 k €		–		3,3 k €
EBITDA	183,6 k €	+31.8%	139,3 k €	-17.4%	168,6 k €	+0.1%	168,5 k €	-2.6%	173 k €	+49.1%	116 k €	-20.3%	145,6 k €	+291%	37,2 k €	+271%	-21,7 k €	-328%	9,5 k €	-65.5%	27,7 k €	-48.3%	53,5 k €	+167%	-79,6 k €	-9342%	-843,5 €	-129%	2,9 k €
Operating result	149,3 k €	+71.0%	87,3 k €	+7.8%	81 k €	-31.4%	118,1 k €	-9.0%	129,8 k €	+45.6%	89,1 k €	-26.2%	120,8 k €	+366%	25,9 k €	+215%	-22,5 k €	-379%	8 k €	-69.2%	26,2 k €	-51.1%	53,5 k €	+167%	-79,6 k €	-9342%	-843,5 €	-142%	2 k €
Net result	106,1 k €	+69.2%	62,7 k €	+9.5%	57,3 k €	-31.7%	83,9 k €	-11.2%	94,5 k €	+38.5%	68,2 k €	-15.9%	81,1 k €	+242%	23,7 k €	+201%	-23,5 k €	-550%	5,2 k €	-79.7%	25,7 k €	-51.8%	53,4 k €	+167%	-79,7 k €	-12132%	-651,2 €	-154%	1,2 k €
Balance sheet
Equity	390,5 k €	+37.3%	284,4 k €	+8.7%	261,7 k €	+2.9%	254,4 k €	+15.4%	220,5 k €	+27.3%	173,3 k €	+64.9%	105,1 k €	+339%	24 k €	+9000%	263,3 €	-98.9%	23,8 k €	+286%	6,2 k €	+132%	-19,6 k €	+73.2%	-72,9 k €	-1181%	6,7 k €	-8.8%	7,4 k €
Total assets	512,9 k €	+21.2%	423,3 k €	-4.0%	441 k €	-7.5%	476,7 k €	+9.7%	434,5 k €	+12.4%	386,7 k €	+88.2%	205,5 k €	+86.4%	110,2 k €	+250%	31,5 k €	-0.0%	31,5 k €	+142%	13 k €	-34.1%	19,8 k €	-89.4%	187,3 k €	+2676%	6,7 k €	-55.7%	15,2 k €
Cash	67,8 k €	-31.3%	98,7 k €	-29.3%	139,7 k €	-32.7%	207,5 k €	+27.7%	162,5 k €	+130%	70,8 k €	+315%	17,1 k €	-36.7%	27 k €	+276%	7,2 k €	+697%	900,5 €	+2047%	42 €	-99.7%	13,1 k €	+181%	4,7 k €	+24.9%	3,7 k €	-24.1%	4,9 k €
Debts	111,9 k €	-14.0%	130,1 k €	-24.8%	172,9 k €	-19.2%	214 k €	+3.6%	206,6 k €	-1.9%	210,6 k €	+110%	100,4 k €	+16.4%	86,3 k €	+176%	31,3 k €	+303%	7,8 k €	+12.8%	6,9 k €	-82.5%	39,3 k €	-84.9%	260,2 k €		–		7,8 k €
Other
Workforce	6,5 ETP	+22.6%	5,3 ETP	-1.9%	5,4 ETP	+8.0%	5,0 ETP	+25.0%	4,0 ETP	+42.9%	2,8 ETP	+40.0%	2,0 ETP	+233%	0,6 ETP		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 6 ended

Active mandates

Sander Neudt

Director · since 07 juillet 2017

Active

Ended mandates

Sander Neudt

Manager · since 07 juillet 2017

Ended

Sander Neudt

Manager · since 07 juillet 2016

Ended

Axel De Greef

Manager · since 24 octobre 2012 · until 07 juillet 2016

Ended

AXEL DE GREEF

Manager · since 24 octobre 2012

Ended

At this address

Other companies at this address

Company	CBE no.
Belgam Invest● Active	0667.767.992
time4cargo● Active	1034.020.592

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	01/01/2025	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	24/06/2026	25/06/2025	25/07/2024	26/07/2023	29/07/2022	27/07/2021
General meeting	04/06/2026	05/06/2025	28/06/2024	30/06/2023	30/06/2022	30/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	04/06/2026	24/06/2026	Dutch	PDF
Abridged model	31/12/2024	05/06/2025	25/06/2025	Dutch	PDF
Abridged model	31/12/2023	28/06/2024	25/07/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	26/07/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	29/07/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	27/07/2021	Dutch	PDF
Abridged model	31/12/2019	20/07/2020	19/08/2020	Dutch	PDF
Abridged model	31/12/2018	30/06/2019	26/07/2019	Dutch	PDF
Abridged model	31/12/2017	29/06/2018	26/07/2018	Dutch	PDF
Abridged model	30/06/2016	09/12/2016	04/01/2017	Dutch	PDF
Abridged model	30/06/2015	11/12/2015	15/12/2015	Dutch	PDF
Abridged model	30/06/2014	12/12/2014	19/12/2014	Dutch	PDF
Abridged model	30/06/2013	13/12/2013	20/12/2013	Dutch	PDF
Abridged model	30/06/2012	14/12/2012	27/06/2013	Dutch	PDF
Abridged model	30/06/2011	09/12/2011	24/01/2012	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 · 6 ended

Active mandates

Sander Neudt

Director · since 07 juillet 2017

Active

Ended mandates

Sander Neudt

Manager · since 07 juillet 2017

Ended

Sander Neudt

Manager · since 07 juillet 2016

Ended

Axel De Greef

Manager · since 24 octobre 2012 · until 07 juillet 2016

Ended

AXEL DE GREEF

Manager · since 24 octobre 2012

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office10/11/2021
MAATSCHAPPELIJKE ZETEL
PDF
Other26/01/2017
DOEL
PDF
Mandates01/08/2016
BENAMING - ONTSLAGEN - BENOEMINGEN - BOEKJAAR
PDF
Registered office14/07/2014
MAATSCHAPPELIJKE ZETEL
PDF
Mandates13/11/2012
BENAMING - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Other14/07/2010
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

2025
Annual accounts 2025106,1 k €↑
2024
Annual accounts 202462,7 k €↑
2023
Annual accounts 202357,3 k €↓
2022
Annual accounts 202283,9 k €↓
2021
Annual accounts 202194,5 k €↑
2020
Annual accounts 202068,2 k €↓
2019
Annual accounts 201981,1 k €↑
2018
Annual accounts 201823,7 k €↑
2017
Annual accounts 2017-23,5 k €↓
2016
Annual accounts 20165,2 k €↓
2016
Name changeASB SECURITY
2015
Annual accounts 201525,7 k €↓
2014
Annual accounts 201453,4 k €↑
2013
Annual accounts 2013-79,7 k €↓
2012
Annual accounts 2012-651,2 €↓
2012
Name changeBelgam Forwarding
2011
Annual accounts 20111,2 k €
2011
Name changeFreight Air Sea Belgium
12/07/2010
IncorporationPrivate company with limited liability

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

ASB SECURITY

Overview

What does ASB SECURITY do?

Trend over 15 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