Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 43 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
HIGH PROTECTION SYSTEMS from Tubize, company number BE0452403446, closed financial year 2025 with a result of € 527 after tax. For that financial year HIGH PROTECTION SYSTEMS recorded a gross margin of € 531,450 and equity of € 209,885. Compared with financial year 2024, the result moved from € 19,723 to € 527. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on April 7, 2026.
€ 209,885
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 527
▼ 97% vs 2024
Profit after tax over the fiscal year.
€ 49,200
▲ 73% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -455,115.
People and assets in 2025
6.9
Average over the fiscal year, from the social balance sheet.
€ 411,186
▲ 19% vs 2024
€ 59,600 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.
€ 855
▼ 65% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.9 million
Loans from banks and other lenders, long and short.
€ 3.9 million
▲ 174% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 61,618
▲ 65% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 409,348 | € 431,722 | € 474,320 | € 531,450 | ▲ 12% |
| Profit after taxes | € 78,718 | € 28,656 | € 19,723 | € 527 | ▼ 97% |
| Equity | € 160,979 | € 189,635 | € 209,359 | € 209,885 | |
| Total debts | € 3,027,193 | € 4,233,231 | € 3,330,640 | € 5,825,824 | ▲ 75% |
| Cash | € 92,835 | € 53,514 | € 28,450 | € 49,200 | ▲ 73% |
| Retained profit | € -504,021 | € -475,365 | € -455,641 | € -455,115 | |
| Bank debt | € 323,204 | € 2,023,204 | € 1,866,578 | € 1,862,240 | |
| Balance sheet total | € 3,328,172 | € 4,562,867 | € 3,539,999 | € 6,035,709 | ▲ 71% |
| Employees (FTE) | 6.7 | 6.6 | 6.9 | 6.9 |
Key figures of HIGH PROTECTION SYSTEMS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to HIGH PROTECTION SYSTEMS?
What happened at HIGH PROTECTION SYSTEMS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- STEPHANE COHEN stepped down as director. NBB
- PIERO PAOLO DELPRATO stepped down as director. NBB
- GUIDO MARIA PEDONE stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 527 (▼ 97% vs 2024). Source: NBB ↗
- STEPHANE COHEN became a director. NBB
- PIERO PAOLO DELPRATO became a director. NBB
- GUIDO MARIA PEDONE became a director. NBB
- New establishment in Tubize. KBO
In short
From € 78,718 profit in 2022 to € 527 profit in 2025.
Paid € 5,314 in corporate taxes since 2022.
Best year ever: 2022, with € 78,718 profit.
On average € 77,000 of value added per employee in 2025.
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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
The shares are held by Racing Force Holding SARL (100%).
Directors
According to the 2025 annual accounts
STEPHANE COHEN
Managing director
since 2025 · until 2027
PIERO PAOLO DELPRATO
Chairman of the board
since 2025 · until 2027
GUIDO MARIA PEDONE
Director
since 2025 · until 2027
Shareholders
Racing Force Holding SARL
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue Ilya Prigogine 89-91
1480 Tubize
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
TRANSIP-AS Amsterdam, the Netherlands, NL
DNS
Cloudflare DNS
Domain
Domain
bellracing.eu
Registrar
ClearMedia NV
Website info
Features
Security
Details
- Company number
- 0452.403.446
- VAT number
- BE 0452.403.446
- Registered office
- Rue Ilya Prigogine 89-91, 1480 Tubize
- Names & denominations
- HIGH PROTECTION SYSTEMS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 6 April 1994
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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