Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Figures corrected NBB
Corrected annual account filed for 2023.
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Busy address KBO
73 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
PAV SECURITY from Antwerpen, company number BE0472797202, closed financial year 2025 with a result of € 21,172 after tax. For that financial year PAV SECURITY recorded a gross margin of € 382,855 and equity of € 305,607. Compared with financial year 2024, the result moved from € 27,228 to € 21,172. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 19, 2026.
€ 305,607
▲ 7% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 21,172
▼ 22% vs 2024
Profit after tax over the fiscal year.
€ 23,690
▼ 37% 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 € 155,607.
People and assets in 2025
1.2
▼ 0.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 358,905
▼ 18% vs 2024
€ 299,100 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.
€ 1,129
▼ 47% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 17,182
▼ 42% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 54,870
▼ 31% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 157,048 | € 426,082 | € 468,891 | € 382,855 | ▼ 18% |
| Profit after taxes | € 11,939 | € 24,179 | € 27,228 | € 21,172 | ▼ 22% |
| Equity | € 233,029 | € 257,208 | € 284,435 | € 305,607 | ▲ 7% |
| Total debts | € 54,064 | € 95,447 | € 108,975 | € 72,053 | ▼ 34% |
| Cash | € 29,074 | € 35,006 | € 37,341 | € 23,690 | ▼ 37% |
| Retained profit | € 83,029 | € 107,208 | € 134,435 | € 155,607 | ▲ 16% |
| Balance sheet total | € 287,093 | € 352,655 | € 393,411 | € 377,660 | ▼ 4% |
| Employees (FTE) | 1 | 2 | 2 | 1.2 | ▼ 0.8 |
Key figures of PAV SECURITY, 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 PAV SECURITY?
What happened at PAV SECURITY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 21,172 (▼ 22% vs 2024). Source: NBB ↗
- Elizabeth Coffey Kathryn stepped down as director. NBB
- Stefan Hersch CY stepped down as director. NBB
- Stefan Hersch CY became a director. NBB
- Elizabeth Coffey Kathryn became a director. NBB
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 11,939 profit in 2022 to € 21,172 profit in 2025.
Paid € 520 in corporate taxes since 2022.
Best year ever: 2024, with € 27,228 profit.
On average € 319,000 of value added per employee in 2025.
A new publication or filing at PAV SECURITY? 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
The shares are held by Panda Security (100%) and Panda software subsidiaries (0%).
Directors
According to the 2025 annual accounts
Stefan Hersch CY
Chairman of the board
since 2020 · until 2026
Elizabeth Coffey Kathryn
Director
since 2020 · until 2026
Shareholders
Panda Security
100%
Panda software subsidiaries
0%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Quellinstraat 49
2018 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 73 companies are registered at this address.
All companies at this address →INTERNATIONAL DIAMONDS COMPANY
€ -1,676 gross margin · 2022
Tio
€ 5,236 gross margin · 2024
AGU BELGIE
€ 253,094 revenue · 2024
QAD EUROPE
WATS
€ 1.3 million revenue · 2025
+68 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0472.797.202
- VAT number
- BE 0472.797.202
- Registered office
- Quellinstraat 49, 2018 Antwerpen
- Names & denominations
- PAV SECURITY
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 September 2000
- Peppol
- Active · Active since 23 Dec 2025
- Activities · NACE
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