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 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 16 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
IQ SECURITY from Waterloo, company number BE0844271073, closed financial year 2024 with a result of € 159,737 after tax. For that financial year IQ SECURITY recorded a gross margin of € 246,218 and equity of € -215,809. Compared with financial year 2023, the result moved from € 68,960 to € 159,737. Profitable, and profit is growing. 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 October 10, 2025.
€ -215,809
▲ € 159,737 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 159,737
▲ 132% vs 2023
Profit after tax over the fiscal year.
€ 700
▲ 299% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € -234,709.
People and assets in 2024
1.1
▲ 0.1 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 68,842
€ 62,600 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.
€ 10,715
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 34,409
▼ 5% vs 2023
Loans from banks and other lenders, long and short.
€ 108,582
▲ 46% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 88,973
▼ 61% vs 2023
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 187,410 | € 107,228 | € 166,625 | € 246,218 | ▲ 48% |
| Profit after taxes | € -64,875 | € 17,332 | € 68,960 | € 159,737 | ▲ 132% |
| Equity | € -461,839 | € -444,507 | € -375,546 | € -215,809 | ▲ € 159,737 |
| Total debts | € 496,766 | € 561,433 | € 407,075 | € 281,889 | ▼ 31% |
| Cash | € 285 | € 151 | € 175 | € 700 | ▲ 299% |
| Retained profit | € -480,739 | € -463,407 | € -394,446 | € -234,709 | ▲ € 159,737 |
| Bank debt | € 33,505 | € 33,577 | € 36,036 | € 34,409 | ▼ 5% |
| Balance sheet total | € 34,927 | € 116,926 | € 31,528 | € 66,080 | ▲ 110% |
| Employees (FTE) | 3.3 | 0.7 | 1 | 1.1 | ▲ 0.1 |
Key figures of IQ SECURITY, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to IQ SECURITY?
What happened at IQ SECURITY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 159,737 (▲ 132% vs 2023). filed late Source: NBB ↗
- Start of the company according to the CBE. KBO
- New establishment in Waterloo. KBO
In short
From € 64,875 loss in 2021 to € 159,737 profit in 2024.
Paid € 63 in corporate taxes since 2021.
Best year ever: 2024, with € 159,737 profit.
On average € 223,800 of value added per employee in 2024.
Management
The stake of IQ GROUP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
IQ SECURITYBehind IQ SECURITY is IQ GROUP SRL. The shares are held by IQ GROUP (100%).
Directors
According to the 2024 annual accounts
Director · represented by Oren Ben Itshak
Also active at: CARE et CURE, IQ SERVICE, IMMO WATO, INFINIT TECHNOLOGIES
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Chaussée de Bruxelles 14
1410 Waterloo
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
OVH Mail
Hosting
VERIXI, BE
Website info
Features
Security
Details
- Company number
- 0844.271.073
- VAT number
- BE 0844.271.073
- Registered office
- Chaussée de Bruxelles 14, 1410 Waterloo
- Names & denominations
- IQ SECURITY
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 8 March 2012
- Peppol
- Active · Active since 2 Jan 2026
- Contact
- iqsecurity.be [email protected]
- Activities · NACE
Opsporings- en particuliere beveiligingsdiensten
Particuliere beveiliging