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AL SAFA

Active
Public limited companyfounded 199531 yrs activePhilippe Piermezstraat 16, 1081 Koekelberg, BelgiumKBO/BCE: BE 0454.870.513
Summary

The computed 12-month bankruptcy probability of AL SAFA is 1.8% (moderate). The 2025 annual accounts show negative equity (-€9,810) and a net result of -€2,050. Equity is shrinking by ~51.3% per year across the filed fiscal years. The company has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
44 / 100
Weak
Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability25▲+25
Solvency2▼-5
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.8% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
short-term debt: 3.4% of total assets, and equity is negative.
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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 31 years 0 40 y
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
-23.1%
Return on assets
-4.8%
Age of the figures
9 mo
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€9,810
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
31 d late
2024
29 d late
2023
1 d late
2022
29 d late
2021
2 d early
2020
30 d late
2019
31 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 21 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 29 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Name match with a sanctions list

1 entry
AL SAFA
OFAC SDN list (United States) · programme IRAN-EO13846 · exact name match (100%)

A name match is not a finding that this company itself is on the list; check the entry at the source.

History

AL SAFA was incorporated on 23 March 1995.1 Total assets fell from EUR 93,500 in 2018 to EUR 42,500 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, abbreviated schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€2,050▲ 81.3%
2024 · -€10,972
Working capital
Not included in this filing
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€9,979▼ 3.7%-€10,036▼ 0.6%-€11,006▼ 9.7%-€10,972▲ 0.3%-€2,050▲ 81.3%
Net result-€9,979▼ 3.7%-€10,036▼ 0.6%-€11,127▼ 10.9%-€10,972▲ 1.4%-€2,050▲ 81.3%
Equity€24,375▼ 29.0%€14,339▼ 41.2%€3,212▼ 77.6%-€7,760-€9,810▼ 26.4%
Total assets€68,000▼ 11.1%€59,500▼ 12.5%€51,000▼ 14.3%€42,500▼ 16.7%€42,500=
Debt€43,625▲ 3.5%€45,161▲ 3.5%€47,788▲ 5.8%€50,260▲ 5.2%€52,310▲ 4.1%
Result per fiscal year
Operating resultNet result
-€15,000-€10,000-€5,000€0Operating result 2021: -€9,979-€9,979Net result 2021: -€9,979-€9,979Operating result 2022: -€10,036-€10,036Net result 2022: -€10,036-€10,036Operating result 2023: -€11,006-€11,006Net result 2023: -€11,127-€11,127Operating result 2024: -€10,972-€10,972Net result 2024: -€10,972-€10,972Operating result 2025: -€2,050-€2,050Net result 2025: -€2,050-€2,05020212022202320242025-€15,000-€10,000-€5,000€0Operating result 2023: -€11,006-€11,000Net result 2023: -€11,127-€11,100Operating result 2024: -€10,972-€11,000Net result 2024: -€10,972-€11,000Operating result 2025: -€2,050-€2,050Net result 2025: -€2,050-€2,050202320242025
The operating result stays negative: a loss of €2,050 in 2025 against €10,972 in 2024; the loss shrinks.
Key figures and ratios
2025 value · change against 2024
Solvency
-23.1%▼
2024 · -18.3%
Debt to equity
-5.33▲
2024 · -6.48
ROA
-4.8%▲
2024 · -25.8%
Debt ≤ 1 year
€1,445
Debt > 1 year
€50,865▲
2024 · €50,260
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,799 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 20 years or older
  • negative equity
  • a small loss
1.9% went bankrupt
5.9% stopped otherwise
90% still going

A further 2.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.8% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 2,799 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 25 lines
Balance sheet Code20242025
Assets
Total assets20/58€42,500€42,500=
Fixed assets21/28€42,500€42,500=
Tangible fixed assets22/27€42,500€42,500=
Land and buildings22€42,500€42,500=
Equity and liabilities
Total equity and liabilities10/49€42,500€42,500=
Equity10/15-€7,760-€9,810▼
Contributions10/11€99,157€99,157=
Capital10€99,157€99,157=
Issued capital100€99,157€99,157=
Profit (loss) carried forward14-€106,917-€108,967▼
Amounts payable17/49€50,260€52,310▲
Amounts payable after more than one year17€50,260€50,865▲
Other amounts payable178/9€50,260€50,865▲
Amounts payable within one year42/48-€1,445
Taxes, remuneration and social security45-€1,445
Taxes450/3-€1,445
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,500-
Other operating charges640/8€1,430€1,445▲
Gross operating margin9900-€1,042-€605▲
Operating profit (loss)9901-€10,972-€2,050▲
Profit (loss) for the period before taxes9903-€10,972-€2,050▲
Profit (loss) for the period9904-€10,972-€2,050▲
Profit (loss) for the period to be appropriated9905-€10,972-€2,050▲
Appropriation of the result
Profit (loss) to be appropriated9906-€106,917-€108,967▼
Profit (loss) brought forward from the previous period14P-€95,946-€106,917▼

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,500€8,500€8,500€8,500--
Other operating charges640/8€1,279€1,301€1,430€1,430€1,445▲ 1.1%
Gross operating margin9900-€200-€235-€1,076-€1,042-€605▲ 41.9%
Operating profit (loss)9901-€9,979-€10,036-€11,006-€10,972-€2,050▲ 81.3%
Financial charges65/66B--€121---
Recurring financial charges65--€121---
Profit (loss) for the period before taxes9903-€9,979-€10,036-€11,127-€10,972-€2,050▲ 81.3%
Profit (loss) for the period9904-€9,979-€10,036-€11,127-€10,972-€2,050▲ 81.3%
Profit (loss) for the period to be appropriated9905-€9,979-€10,036-€11,127-€10,972-€2,050▲ 81.3%
Line20212022202320242025Change
Assets
Total assets20/58€68,000€59,500€51,000€42,500€42,500=
Fixed assets21/28€68,000€59,500€51,000€42,500€42,500=
Tangible fixed assets22/27€68,000€59,500€51,000€42,500€42,500=
Land and buildings22€68,000€59,500€51,000€42,500€42,500=
Equity and liabilities
Total equity and liabilities10/49€68,000€59,500€51,000€42,500€42,500=
Equity10/15€24,375€14,339€3,212-€7,760-€9,810▼ 26.4%
Contributions10/11€99,157€99,157€99,157€99,157€99,157=
Capital10€99,157€99,157€99,157€99,157€99,157=
Issued capital100€99,157€99,157€99,157€99,157€99,157=
Profit (loss) carried forward14-€74,782-€84,819-€95,946-€106,917-€108,967▼ 1.9%
Amounts payable17/49€43,625€45,161€47,788€50,260€52,310▲ 4.1%
Amounts payable after more than one year17€43,278€44,697€47,788€50,260€50,865▲ 1.2%
Other amounts payable178/9€43,278€44,697€47,788€50,260€50,865▲ 1.2%
Amounts payable within one year42/48€348€465--€1,445-
Taxes, remuneration and social security45€348€465--€1,445-
Taxes450/3----€1,445-
Remuneration and social security454/9€348€465----
Line20212022202320242025Change
Profit (loss) for the period9904-€9,979-€10,036-€11,127-€10,972-€2,050▲ 81.3%
+ Depreciation and write-downs630€8,500€8,500€8,500€8,500--
Operating cash flow (approximation)-€1,479-€1,536-€2,627-€2,472-€2,050▲ 17.1%
Investment in fixed assets (approximation)-€0€0€0€0-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
31-08
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
29-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
01-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 1 day late
2023
31-12
Financial Weakest financial yearnet -€11,127
Net result drops to -€11,127, the lowest in the series; recovery starts the following year.
29-08
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 29 days late
2022
29-07
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
30-08
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
31-08
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 31 days late
2019
06-08
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 6 days late
2018
02-08
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 2 days late
2017
20-07
NBB filing Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Koekelberg · 1 establishment unit since 1995
seat establishment The establishment unit on the map
Ground area
501 m²
Building footprint
336 m²
Volume, LiDAR
3,605 m³
2 parcels, Brussels · tallest building 17.2 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Waterloosesteenweg 757, 1180 Ukkel
Insurance, reinsurance and pension funding, except compulsory social security
since 19952.071.469.444
2 parcels
Brussels 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21612C0056/02D074 Brussels 329 m² 1 · 180 m² 16.7 m · 4 fl.
21492B0164/00L002 Brussels 172 m² 1 · 156 m² 17.2 m · 3 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Identification & contact

Identification
Legal formPublic limited company
Founded23-03-1995
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.