MA SECURITY

Active

Private limited companyfounded 20197 yrs activeAvenue Joseph Wauters (C.) 81, 7033 Mons, BelgiumKBO/BCE: BE 0733.661.478

MA SECURITY has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €323k and a net result of €214k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 70% of 344 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.1% (low).

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Checked score

Score 2024

59 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100=

Solvency92▲+21

Growth78=

Track record100

Bankruptcy probability, 12 months

1.1% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €19k at 30 days only on tighter terms

Liquidity ample (current ratio 3.0 against 1.8 in 2023; short-term debt: 33.2% and cash: 67.8% of total assets), and 33.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

66.8%

Return on assets

44.3%

Age of the figures

21 mo

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 80

Relative position

BE, all sectors

reference

Sector 80

lower

← fewer bankruptcies more bankruptcies →

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-03-2026, 214 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 5 filings

Deviation from the deadline

2025

not confirmed

2024

214 d late

2023

68 d late

2022

31 d late

2021

29 d late

2020

26 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€323k▲ 197%

2023 · €109k

2020: €3k 2021: €-7k 2022: €-8k 2023: €109k

2020 → 2024

Total assets

€484k▲ 102%

2023 · €239k

2020: €6k 2021: €13k 2022: €60k 2023: €239k

2020 → 2024

Net result

€214k▲ 82.6%

2023 · €117k

2020: €-7k 2021: €-10k 2022: €-2k 2023: €117k

2020 → 2024

Working capital

€321k▲ 206%

2023 · €105k

2020: €3k 2021: €-7k 2022: €-9k 2023: €105k

2020 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€3k-€-7k€-8k▼ 29.2%€109k€323k▲ 197%

Operating result€-6k-€-9k▼ 52.5%€-2k▲ 83.5%€151k€305k▲ 103%

Net result€-7k-€-10k▼ 43.0%€-2k▲ 80.4%€117k€214k▲ 82.6%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

After the dip in 2021 the operating result has climbed three years in a row; 2024 is 103% above 2023 and is the highest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €484k

99.4%

Fixed assets €3k▼ 34.7%

Current assets €481k▲ 105%

Equity and liabilities €484k

66.8%

33.2%

Equity €323k▲ 197%

Debt €161k▲ 23.4%

The debt ratio falls from 54.4% to 33.2%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€306k▲

2023 · €151k

Cash flow

€216k▲

2023 · €118k

Solvency

66.8%▲

2023 · 45.6%

Current ratio

3.00▲

2023 · 1.80

Quick ratio

3.00▲

2023 · 1.80

Debt / equity

0.50▼

2023 · 1.19

ROE

66.3%▼

2023 · 107.7%

ROA

44.3%▼

2023 · 49.1%

Interest coverage

32.79▼

2023 · 338.77

Debt

€161k▲

2023 · €130k

Debt ≤ 1 year

€161k▲

2023 · €130k

Income taxes

€81k▲

2023 · €33k

Staff costs

€310k▲

2023 · €145k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€239k€484k▲

Fixed assets21/28€4k€3k▼

Tangible fixed assets22/27€4k€2k▼

Furniture and vehicles24€4k€2k▼

Financial fixed assets28€444€444=

Current assets29/58€235k€481k▲

Amounts receivable within one year40/41€70k€153k▲

Trade receivables40€70k€151k▲

Other amounts receivable41€142€2k▲

Cash at bank and in hand54/58€165k€328k▲

Equity and liabilities

Total equity and liabilities10/49€239k€484k▲

Equity10/15€109k€323k▲

Contributions10/11€10k€10k=

Profit (loss) carried forward14€99k€313k▲

Amounts payable17/49€130k€161k▲

Amounts payable within one year42/48€130k€161k▲

Current portion of amounts payable after more than one year42€7k€5k▼

Trade debts44€3k€10k▲

Suppliers440/4€3k€10k▲

Advances received on contracts in progress46€60k€325▼

Taxes, remuneration and social security45€52k€142k▲

Taxes450/3€47k€107k▲

Remuneration and social security454/9€5k€35k▲

Other amounts payable47/48€8k€3k▼

Income statement Code20232024

Remuneration, social security and pensions62€145k€310k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€625€2k▲

Other operating charges640/8€10k€6k▼

Gross operating margin9900€306k€623k▲

Operating profit (loss)9901€151k€305k▲

Financial income75/76B€17€0▼

Recurring financial income75€17€0▼

Financial charges65/66B€446€9k▲

Recurring financial charges65€446€9k▲

Profit (loss) for the period before taxes9903€150k€296k▲

Income taxes67/77€33k€81k▲

Profit (loss) for the period9904€117k€214k▲

Profit (loss) for the period to be appropriated9905€117k€214k▲

Appropriation of the result

Profit (loss) to be appropriated9906€99k€313k▲

Profit (loss) brought forward from the previous period14P€-18k€99k▲

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 11Financial 6Filings 5

2026

02-03

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 214 days late

2024

31-12

Financial Highest result since 2020net €214k ▲82.6%

Operating result €305k, net result €214k, both a record.

31-12

Financial Equity above €200kEq €323k ▲197%

2 profitable years in a row build equity to €323k.

07-10

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 68 days late

2023

31-12

Financial Back to profitnet €117k

Net result €117k after 3 loss-making years.

31-12

Financial Liquidity doublescurrent ratio 1.80

Current ratio from 0.87 to 1.80.

31-12

Financial Equity above €100kEq €109k

Equity rises from €-8k to €109k.

31-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 31 days late

2022

29-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 29 days late

2021

31-12

Financial Weakest financial yearnet €-10k

Net result drops to €-10k, the lowest in the series; recovery starts the following year.

26-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 26 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Registered office, Mons · 1 establishment unit since 2019

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Avenue Joseph Wauters (C.) 817033 Mons

Ground area

327 m²

Building footprint

47 m²

Volume, LiDAR

472 m³

Parcel 53019A0174/00Z002, Wallonia · tallest building 11.8 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

MA SECURITY

Avenue Joseph Wauters (C.) 81, 7033 MonsInvestigation and security activities

since 20192.293.030.906

1 parcel

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
53019A0174/00Z002	Wallonia	327 m²	1 · 47 m²	11.8 m · 3 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Beveren-Kruibeke-Zwijndrecht · Eq €329k

Of 700 companies in sector 80010 we hold annual accounts for 349. 233 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded03-09-2019

Fiscal year end31-12

Activities, NACEBEL

80010Investigation and private security services

80100Investigation and security activities

Sources

Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers

Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.