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AB Safety NV

Active
Public limited companyfounded 1983active for 42 yearsMechelsesteenweg 315i, 2550 Kontich, BelgiumKBO/BCE: BE 0424.935.818
Summary

The computed 12-month bankruptcy probability of AB Safety NV is 9.6% (elevated). The 2024 annual accounts show equity of €539,102 and a net result of -€24,092. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 12% of 6,068 sector peers (NACE 46, financial year 2024). The company has been active since 1983 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Wholesale trade
NACE 46421
1 site
Size
€8.5mturnover 2024
Staff
9 FTE
Equity
€539,102
Loss
-€24,092
Financial health
32 Weak Checked score 2024
Bankruptcy probabilitywithin 12 months
9.6%
Structure
Parent
ABSA Holding · 99.99%
Accounts 78 days overdue2 of 14 deeds read
Why 32raises riskFigures for financial year 2024 (filed 07-01-2026)Liquidity: current ratio 1.11, cash €12,686, halved1 change of registered office in 24 monthslowers riskFounded in 1983Show the evidence

Checked score

Score 2024
32 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 30% of its sector peers (NACE 46, micro)
Financial strength · tick = 2023
Weak
Solvency 32+3
equity 7.3% of total assets
Liquidity 4=
short-term debt 83.9% · cash 0.2%
Profitability 37+11
return on assets -0.3%
Bankruptcy probability, 12 months
9.6% Elevated
0%0.5%1.5%4%10%≥ 25%

About 1 in 10 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,872 companies, NACE 46, micro)
Last 24 months 11-2024: 2.3% 12-2024: 2.3%● unchanged vs 11-2024 01-2025: 2.3%● unchanged vs 12-2024 02-2025: 2.3%● unchanged vs 01-2025 03-2025: 2.3%● unchanged vs 02-2025lowest value 04-2025: 2.3%● unchanged vs 03-2025lowest value 05-2025: 2.3%● unchanged vs 04-2025lowest value 06-2025: 2.3%● unchanged vs 05-2025 07-2025: 2.5%▲ +0.2 percentage points vs 06-2025 08-2025: 3.3%▲ +0.8 percentage points vs 07-2025 09-2025: 3.7%▲ +0.4 percentage points vs 08-2025 10-2025: 4.9%▲ +1.2 percentage points vs 09-2025 11-2025: 5.0%▲ +0.1 percentage points vs 10-2025 12-2025: 5.6%▲ +0.6 percentage points vs 11-2025 01-2026: 8.8%▲ +3.2 percentage points vs 12-2025 02-2026: 2.8%▼ -6.0 percentage points vs 01-2026 03-2026: 2.7%▼ -0.1 percentage points vs 02-2026 04-2026: 2.7%● unchanged vs 03-2026 05-2026: 2.7%● unchanged vs 04-2026 06-2026: 2.8%▲ +0.1 percentage points vs 05-2026 07-2026: 2.8%● unchanged vs 06-2026 08-2026: 4.0%▲ +1.2 percentage points vs 07-2026 09-2026: 4.6%▲ +0.6 percentage points vs 08-2026 10-2026: 9.6%▲ +5.0 percentage points vs 09-2026highest value
Credit of up to €17,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity tight (current ratio 1.11, compared with 1.1 in 2023, below the usual 1.5; short-term debt: 83.9% and cash: 0.2% of total assets), and 92.7% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro): better than 21% on solvency, 7% on liquidity, 30% on profitability and 64% on growth.

The bankruptcy probability was computed on 16-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Eight signals.
lowers riskraises risk
raises risk · Figures for financial year 2024 (filed 07-01-2026)
NBB · annual accounts
raises risk · Liquidity: current ratio 1.11, cash €12,686, halved
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Founded in 1983
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 6068 sector peers (2024).
NBB · sector comparison
Position among 6068 sector peers
Solvency
better than 12%
← weakest strongest →
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year €539,102
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 78 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline17-10-2026 today
raises risk · 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 19-01-2026, 172 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
172 days late
2023
153 days late
2022
32 days late
2021
64 days late
2020
31 days early
2019
16 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 62 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Registered officeRegistered-office move
  2. Annual accounts filedfinancial year 2024 · full…
  3. Permanent representatives: Magdalena Xenos, Philip De…Gazette deed

Key points

  • Risk: 4 loss-making years in a rowloss financial year 2024 -€24,092 View
  • Positive: Result rose in 2024from -€167,211 to -€24,092 ▲ 85.6% View
  • Caution: Among the weakest 13% on solvencysector median 42.0% · 6,068 companies 7.3% View
  • Caution: Accounts not fileddeadline was 31-07-2026 78 days late View
  • Controlled by ABSA Holding 99.99% View

By topic

Financials

Financial year
2024
Turnover
€8.5m
Loss
-€24,092
Solvency
7.3%
Turnover▼ 8.7%
Net result
20182024
Go to Financials

Timeline

Events
48
Since
1985
  1. 31-12-2024Equity above €500,000
  2. 31-12-2024Annual accounts filed
  3. 01-09-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Wholesale tradeNACE 46421
Founded
23-11-1983
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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