Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 3 of the last 3 fiscal years.
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Two loss years in a row NBB
Negative result in 2022 and 2023.
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Tight liquidity NBB
Cash and receivables cover 8 % of short-term debt in 2023; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 238.7 to 64.7.
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Late annual account NBB
Fiscal year 2023 was filed 477 days after the legal deadline.
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Annual account missing NBB
Fiscal year 2024 was expected before 31 July 2025 and has not been filed.
Financials
Financial year 2023
INTERNATIONAL CONSULTANTS ON TARGETED SECURITY-BELGIUM from Zaventem, company number BE0434170614, closed financial year 2023 with a result of € -672,358 after tax. For that financial year INTERNATIONAL CONSULTANTS ON TARGETED SECURITY-BELGIUM recorded revenue of € 3.6 million and equity of € -5 million. Compared with financial year 2022, the result moved from € -1 million to € -672,358. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on November 20, 2025.
€ -5 million
▼ € 672,358 vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -672,358
▲ 35 % less loss than in 2022
Profit after tax over the fiscal year.
€ 6,050
▲ 42% vs 2022
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -5.1 million.
People and assets in 2023
64.7
▼ 101.1 vs 2022
Average over the fiscal year, from the social balance sheet.
€ 3.6 million
▼ 59% vs 2022
€ 55,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 48,802
▲ 126% vs 2022
Book value of vehicles, furniture and equipment.
Debts at end 2023
€ 4.7 million
▲ 19% vs 2022
Loans from banks and other lenders, long and short.
€ 167,047
▲ 14% vs 2022
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 124 days on average.
€ 609,814
▼ 29% vs 2022
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Revenue | € 9,289,610 | € 8,658,517 | € 3,614,327 | ▼ 58% |
| Profit after taxes | € -835,589 | € -1,030,134 | € -672,358 | ▲ € 357,777 |
| Equity | € -3,335,012 | € -4,365,147 | € -5,037,504 | ▼ € 672,358 |
| Total debts | € 5,791,062 | € 5,146,817 | € 5,598,665 | ▲ 9% |
| Cash | € 4,208 | € 4,268 | € 6,050 | ▲ 42% |
| Retained profit | € -3,376,742 | € -4,406,877 | € -5,079,235 | ▼ € 672,358 |
| Bank debt | € 4,388,606 | € 3,949,014 | € 4,701,347 | ▲ 19% |
| Balance sheet total | € 2,456,050 | € 781,671 | € 561,161 | ▼ 28% |
| Employees (FTE) | 238.7 | 165.8 | 64.7 | ▼ 101.1 |
Key figures of INTERNATIONAL CONSULTANTS ON TARGETED SECURITY-BELGIUM, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to INTERNATIONAL CONSULTANTS ON TARGETED SECURITY-BELGIUM?
What happened at INTERNATIONAL CONSULTANTS ON TARGETED SECURITY-BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2023: loss of € 672,358. filed late Source: NBB ↗
- Jean-Baptiste THELOT stepped down as director. NBB
- Guy PETERS became a director. NBB
- Eduard SCHAUVAERTS stepped down as director. NBB
- Jean-Baptiste THELOT became a director. NBB
- Eduard SCHAUVAERTS became a director. NBB
- New establishment in Zaventem. KBO
- Start of the company according to the CBE. KBO
In short
From € 835,589 loss in 2021 to € 672,358 loss in 2023.
Paid € 4,133 in corporate taxes since 2021.
Pays suppliers within 124 days on average.
A new publication or filing at INTERNATIONAL CONSULTANTS ON TARGETED SECURITY-BELGIUM? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind INTERNATIONAL CONSULTANTS ON TARGETED SECURITY-BELGIUM is Guy PETERS. The shares are held by ICTS Europe Holding NV (100%) and ICTS France NV (0%).
Directors
According to the 2023 annual accounts
Guy PETERS
Director
since 2023
Jean-Baptiste THELOT
Director
since 2022 · until 2023
Eduard SCHAUVAERTS
Director
since 2020 · until 2023
Shareholders
ICTS Europe Holding NV
100%
ICTS France NV
0%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Luchthaven Brussel Nationaal 53
1930 Zaventem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
GOOGLE-CLOUD-PLATFORM - Google LLC, US
Domain
Domain
ictseurope.com
Registered
2001-08-24
Registrar
Network Solutions, LLC
Expires
2031-08-24
Website info
Features
Security
Details
- Company number
- 0434.170.614
- VAT number
- BE 0434.170.614
- Registered office
- Luchthaven Brussel Nationaal 53, 1930 Zaventem
- Names & denominations
- INTERNATIONAL CONSULTANTS ON TARGETED SECURITY-BELGIUM · I.C.T.S.
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 26 April 1988
- Peppol
- Active · Active since 12 Dec 2025
- Contact
- ictseurope.com +33 1 48 16 79 03
- Activities · NACE
Opsporings- en particuliere beveiligingsdiensten
Bewakingsbedrijven en beveiligingsdiensten
Particuliere beveiliging