Antwerp Royal Services
The computed 12-month bankruptcy probability of Antwerp Royal Services is 2.5% (moderate). The 2024 annual accounts show negative equity (€-10k) and a net result of €3k. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 21% of 6698 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-10k |
| Net result | €3k |
| Better than sector | 21% |
| Active | 5 yrs |
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.
See plans →How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -12.5% | 20.4% | |
| Net result | €3k | €4k | |
| Equity | €-10k | €16k | |
| Gross operating margin | €7k | €24k | |
| Total assets | €82k | €94k |
| Fiscal year | 2024 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €5k |
| Net profit | €3k |
| Cash flow | €5k |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €82k |
| Equity | €-10k |
| Debt | €92k |
| of which ≤ 1y | €92k |
| of which > 1y | - |
| Working capital | €-16k |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 0.82 |
| Quick ratio | 0.01 |
| Working capital ratio | -19.8% |
| Solvency | -12.5% |
| Debt / equity | -9.02 |
| Long-term debt ratio | - |
| Interest coverage | 40.91 |
| Gross margin | - |
| Net margin | - |
| ROA | 3.1% |
| ROE | -24.5% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €82k |
| Fixed assets | 21/28 | €6k |
| Tangible fixed assets | 22/27 | €6k |
| Current assets | 29/58 | €76k |
| Stocks & contracts in progress | 3 | €75k |
| Amounts receivable within one year | 40/41 | €857 |
| Cash & bank | 54/58 | €342 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €82k |
| Equity | 10/15 | €-10k |
| Contributions / capital | 10/11 | €3k |
| Accumulated profits (losses) | 14 | €-13k |
| Amounts payable | 17/49 | €92k |
| Amounts payable within one year | 42/48 | €92k |
| Trade debts payable within one year | 44 | €3k |
| Income statement | ||
| Gross operating margin | 9900 | €7k |
| Operating result | 9901 | €3k |
| Financial charges | 65 | €116 |
| Result before taxes | 9903 | €3k |
| Net result for the period | 9904 | €3k |
| Result to be appropriated | 9905 | €3k |
-
Bustaja SafiDirectorState Gazette act 26029937 (27-02-2026)Current01-02-2026 → present
Former directors (1)
-
Faridullah SafiDirectorState Gazette act 26029937 (27-02-2026)Former- → 31-01-2026
| NACE primary | Detailhandel in uurwerken en sieraden(47770) |
| Legal form | Private limited company(610) |
| Incorporation | 30-11-2020 |
| Status | Active |
| Postal code | 2060 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11808H1276/00H012 | Flanders | 59 m² | 1 · 59 m² | 17.2 m · 5 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
27-02-2026 1 director appointed, 1 resigning
- Bustaja Safi, Bestuurder
- Faridullah Safi, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Faridullah Safi",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": "voluntary",
"subkind": "voluntary",
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": "2026-01-31",
"evidence_quote": "uit het verslag van de bijzondere algemene vergadering der enige vennoot gehouden op de zetel van de vennootschap op 1 februari 2026, blijkt dat de vergadering kennis heeft genomen van het vrijwillige ontslag van de heer Faridullah Safi als bestuurder",
"decharge_status": null,
"mandate_duration": {
"kind": "until_date",
"value": "2026-01-31"
},
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Bustaja Safi",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": "successor_conditional",
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": "2026-02-01",
"evidence_quote": "Vervolgens heeft de vergadering mevrouw Bustaja Safi benoemt tot bestuurder, met ingang vanaf 1 februari 2026, die het mandaart heeft aanvaard",
"decharge_status": null,
"mandate_duration": {
"kind": "until_agm_year",
"value": "2031"
},
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": "immediate"
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": "Antwerpen",
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2026-02-27",
"filing_date": "2026-02-19",
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
{
"body": "bijzondere_algemene_vergadering",
"date": "2026-02-01",
"unanimous": null
}
],
"is_correction": false,
"subject_company": {
"kbo": "0758.910.776",
"name_full": "Antwerp Royal Services",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Safi Bustaja",
"org_rep_person_name": null,
"person_role_at_subject": "Bestuurder"
},
"co_filed_documents": [],
"corrected_publication_numac": null
}09-12-2022 Registered office moved within Antwerpen
- De Bosschaertstraat 197, 2020 Antwerpen → De Coninckplein 2, 2060 Antwerpen
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
"city": "Antwerpen",
"region": null,
"street": "De Coninckplein",
"country": "BE",
"postcode": "2060",
"box_number": null,
"street_number": "2"
},
"old_address": {
"city": "Antwerpen",
"region": null,
"street": "De Bosschaertstraat",
"country": "BE",
"postcode": "2020",
"box_number": "101",
"street_number": "197"
},
"effective_date": "2022-11-01",
"evidence_quote": "de vergadering beslist om de zetel van de vennootschap vanaf 1 november 2022 te verplaatsen van De Bosschaertstraat 197 bus 101 te 2020 Antwerpen naar De Coninckplein 2 te 2060 Antwerpen."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0758.910.776",
"name_full": "ANTWERP ROYAL SERVICES",
"legal_form": "BV"
}
}02-12-2020 Incorporation of a new BV
Technical details
{
"kind": "oprichting",
"seat": "De Bosschaertstraat 197 bus 101, 2020 Antwerpen",
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"founders": [
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1988-03-03",
"name": "Safi Faridullah",
"niss": null,
"address": "2020 Antwerpen, De Bosschaertstraat 197 bus 101"
},
"share_class": "Ordinary",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 3000,
"holder_person_name": "Safi Faridullah",
"is_subscriber_only": false,
"n_shares_subscribed": 100,
"amount_subscribed_eur": 3000,
"is_anonymous_silent_partner": false
}
],
"capital_eur": 3000,
"subject_company": {
"kbo": "0758.910.776",
"name_full": "Antwerp Royal Services",
"legal_form": "BV"
},
"initial_directors": [],
"incorporation_date": "2020-11-30",
"post_incorporation_mandates": []
}| Legal nameNL | Antwerp Royal Services |