ACTIVE

SD SECURITY

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Financial year 2025 · closed on 31/12/2025
Net result
76,3 k €
+403.5% YoY
Gross margin
1,9 M €
+74.3% YoY
Equity
862,2 k €
+9.7% YoY
Workforce
22,0 ETP
+122.2% YoY

What does SD SECURITY do?

SD SECURITY is a Public limited company incorporated in 2011. Its main activity is: Security and investigation activities. Its registered office is in Waterloo. It employs on average 22,0 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0833.206.937
Incorporation
27/01/2011
Legal form
Public limited company
Registered office
Avenue des Chasseurs 73
1410 Waterloo · WallonieSee on map
Contributed capital
61 500,00 €
Latest accounts
31/12/2025
Average workforce
22,0 ETP
Activities (NACE)
80010Security and investigation activities· main80100Private security activities
Joint committees (1)
  • 317
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 15 financial years

202520242023202220212020201920182017201620152014201320122011
Income statement
Gross margin1,9 M €1,1 M €831,7 k €534 k €702,3 k €1,2 M €1,3 M €1,4 M €1,3 M €1,4 M €2,4 M €1,8 M €902 k €594,4 k €94,7 k €
EBITDA230,1 k €-44,7 k €88,9 k €-84,7 k €116,6 k €321,5 k €387,9 k €425,5 k €467,7 k €556,2 k €1,5 M €1,3 M €701,4 k €519,3 k €91,2 k €
Operating result86,8 k €-31,5 k €-18,4 k €-167,3 k €1,8 k €193,2 k €260,6 k €176,2 k €173,5 k €215,6 k €1,2 M €1,1 M €541,8 k €419,4 k €74,9 k €
Net result76,3 k €-25,1 k €-29,2 k €-181,4 k €-17,4 k €115 k €140,8 k €79,2 k €76,9 k €105,5 k €758,8 k €759,8 k €343,8 k €263,7 k €46,6 k €
Balance sheet
Equity862,2 k €785,9 k €811,1 k €840,3 k €1 M €1,1 M €1,1 M €1,1 M €1,2 M €1,2 M €1,2 M €1 M €410,9 k €200,5 k €70,2 k €
Total assets2,1 M €1,8 M €1,6 M €1,7 M €2,1 M €2,4 M €2,5 M €2,5 M €2,7 M €3 M €3,5 M €3,3 M €960 k €678,9 k €292,1 k €
Cash260,7 k €230,8 k €190 k €240,9 k €517,2 k €629,6 k €528,4 k €475,3 k €210,9 k €380,9 k €752,1 k €189,8 k €186,9 k €152,9 k €29,7 k €
Debts1,2 M €965,8 k €619 k €720,6 k €905,1 k €1,1 M €1,2 M €1,3 M €1,4 M €1,7 M €2,1 M €2,3 M €549 k €478,4 k €222 k €
Other
Workforce22,0 ETP9,9 ETP9,9 ETP9,3 ETP8,8 ETP12,1 ETP14,1 ETP15,8 ETP15,1 ETP15,1 ETP14,5 ETP15,5 ETP8,0 ETP4,0 ETP–
Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 4 ended

Active mandates

Christian VERMEERSCH

Managing director

Active

Ended mandates

CHRISTIAN VERMEERSCH

Managing director · since 12 juillet 2023

Ended
CHRISTIAN VERMEERSCH

Managing director · since 27 janvier 2011 · until 27 janvier 2017

Ended
CHRISTIAN VERMEERSCH

Managing director · since 27 janvier 2011 · until 29 avril 2022

Ended
Nathalie Denayer

Director · since 27 janvier 2011 · until 29 avril 2022

Ended
At this address

Other companies at this address

CompanyCBE no.
SD SERVICES & MANAGEMENT● Active
0837.001.716
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged 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 date31/08/202606/02/202630/09/202431/07/202318/08/202227/07/2021
General meeting24/04/202625/04/202526/04/202423/06/202329/04/202230/04/2021
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

15 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202524/04/202631/08/2026FrenchPDF
Abridged model31/12/202425/04/202506/02/2026FrenchPDF
Abridged model31/12/202326/04/202430/09/2024FrenchPDF
Abridged model31/12/202223/06/202331/07/2023FrenchPDF
Abridged model31/12/202129/04/202218/08/2022FrenchPDF
Abridged model31/12/202030/04/202127/07/2021FrenchPDF
Abridged model31/12/201924/04/202018/08/2020FrenchPDF
Abridged model31/12/201826/04/201926/07/2019FrenchPDF
Abridged model31/12/201727/04/201807/08/2018FrenchPDF
Abridged model31/12/201628/04/201716/08/2017FrenchPDF
Abridged model31/12/201529/04/201624/09/2016FrenchPDF
Abridged model31/12/201424/04/201531/08/2015FrenchPDF
Abridged model31/12/201325/04/201427/08/2014FrenchPDF
Abridged model31/12/201226/04/201329/08/2013FrenchPDF
Abridged model31/12/201127/04/201206/08/2012FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 31/12/2024 · 1 active · 4 ended

Active mandates

Christian VERMEERSCH

Managing director

Active

Ended mandates

CHRISTIAN VERMEERSCH

Managing director · since 12 juillet 2023

Ended
CHRISTIAN VERMEERSCH

Managing director · since 27 janvier 2011 · until 27 janvier 2017

Ended
CHRISTIAN VERMEERSCH

Managing director · since 27 janvier 2011 · until 29 avril 2022

Ended
Nathalie Denayer

Director · since 27 janvier 2011 · until 29 avril 2022

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates17/07/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates11/10/2016
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates20/11/2015
    DENOMINATION - SIEGE SOCIAL
    PDF
  • Other21/08/2014
    OBJET
    PDF
  • Registered office24/03/2011
    SIEGE SOCIAL
    PDF
  • Other31/01/2011
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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 202576,3 k €↑
  2. 2024
    Annual accounts 2024-25,1 k €↑
  3. 2023
    Annual accounts 2023-29,2 k €↑
  4. 2022
    Annual accounts 2022-181,4 k €↓
  5. 2021
    Annual accounts 2021-17,4 k €↓
  6. 2020
    Annual accounts 2020115 k €↓
  7. 2019
    Annual accounts 2019140,8 k €↑
  8. 2018
    Annual accounts 201879,2 k €↑
  9. 2017
    Annual accounts 201776,9 k €↓
  10. 2016
    Annual accounts 2016105,5 k €↓
  11. 2015
    Annual accounts 2015758,8 k €↓
  12. 2014
    Annual accounts 2014759,8 k €↑
  13. 2013
    Annual accounts 2013343,8 k €↑
  14. 2012
    Annual accounts 2012263,7 k €↑
  15. 2011
    Annual accounts 201146,6 k €
  16. 27/01/2011
    IncorporationPublic limited company