Summary
B-SAFE is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €916,637 and a net result of €98,589. Equity is growing by ~13.7% per year across the filed fiscal years. Its solvency ranks better than 62% of 493 sector peers (fiscal year 2025). The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
61 d late
2023
29 d late
2022
14 d early
2021
138 d late
2020
25 d early
2019
74 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 34 days after the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Equity
€916,637▲ 4.0%
2024 · €881,684
Net result
€98,589▼ 58.8%
2024 · €239,218
Total assets
€1.6m▼ 14.6%
2024 · €1.9m
Solvency
56.2%▲ 10.1pp
2024 · 46.2%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€1.6m€1.6m▲ 3.4%€1.6m▼ 1.2%
Operating result€125,685▼ 10.4%€18,825▼ 85.0%€165,479▲ 779%€334,072▲ 102%€148,358▼ 55.6%
Net result€113,876within the sector's middle half▼ 10.2%€32,194within the sector's middle half▼ 71.7%€145,694within the sector's middle half▲ 353%€239,218within the sector's middle half▲ 64.2%€98,589within the sector's middle half▼ 58.8%
Equity€595,669within the sector's middle half▲ 23.6%€627,863within the sector's middle half▲ 5.4%€708,012within the sector's middle half▲ 12.8%€881,684above the sector's middle half▲ 24.5%€916,637within the sector's middle half▲ 4.0%
Total assets€1.4mwithin the sector's middle half▲ 25.1%€1.5mwithin the sector's middle half▲ 6.0%€1.8mwithin the sector's middle half▲ 18.4%€1.9mwithin the sector's middle half▲ 6.7%€1.6mwithin the sector's middle half▼ 14.6%
Debt€830,409▲ 26.2%€883,191▲ 6.4%€1.1m▲ 22.4%€1.0m▼ 5.0%€713,191▼ 30.6%
Working capital€272,946▲ 201%€318,327▲ 16.6%€321,103▲ 0.9%€598,479▲ 86.4%€558,847▼ 6.6%
Solvency41.8%within the sector's middle half▼ 0.5pp41.6%within the sector's middle half▼ 0.2pp39.6%within the sector's middle half▼ 2.0pp46.2%within the sector's middle half▲ 6.6pp56.2%within the sector's middle half▲ 10.1pp
Staff (FTE)7above the sector's middle half▲ 2.9%6.7above the sector's middle half▼ 4.3%7above the sector's middle half▲ 4.5%6.5within the sector's middle half▼ 7.1%6.3within the sector's middle half▼ 3.1%
above
within
below
the middle half (P25 to P75) of NACE 66, Activities auxiliary to financial services and insurance activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2025 Net result -59% on 2024. The accounts now follow the full schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 56% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.6m
Fixed assets
€611,282 ▲ 3.0%
Current assets
€1.0m ▼ 22.6%
Equity and liabilities €1.6m
Equity
€916,637 ▲ 4.0%
Debt
€713,191 ▼ 30.6%
Debt's share of the balance-sheet total falls from 53.8% to 43.8%. Equity is higher and debt is lower.
Key figures and ratios
ROE
10.8%▼
2024 · 27.1%
ROA
6.0%▼
2024 · 12.5%
Debt ≤ 1 year
€459,698▼
2024 · €717,285
Debt > 1 year
€223,493▼
2024 · €264,161
Income taxes
€47,262▼
2024 · €96,763
Staff costs
€503,566▲
2024 · €437,192
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €1.6m | €1.6m | €1.6m | ▼ 1.2% |
| Non-recurring operating income76A | - | €13,000 | €151,076 | €42,912 | €21,986 | ▼ 48.8% |
| Goods, raw materials, services and sundry goods60/61 | - | - | €816,433 | €788,324 | €862,652 | ▲ 9.4% |
| Remuneration, social security and pensions62 | €418,674 | €500,050 | €537,680 | €437,192 | €503,566 | ▲ 15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €186,352 | €245,428 | €137,978 | €139,231 | €143,983 | ▲ 3.4% |
| Other operating charges640/8 | €5,042 | €3,910 | €3,922 | €3,853 | €5,631 | ▲ 46.1% |
| Non-recurring operating charges66A | €12,028 | €6,484 | €97,335 | €0 | - | - |
| Gross operating margin9900 | €747,781 | €774,697 | €942,394 | €914,348 | €801,538 | ▼ 12.3% |
| Operating profit (loss)9901 | €125,685 | €18,825 | €165,479 | €334,072 | €148,358 | ▼ 55.6% |
| Financial income75/76B | €43,111 | €41,468 | €39,676 | €11,606 | €7,718 | ▼ 33.5% |
| Recurring financial income75 | €411 | €1,537 | €9,476 | €11,606 | €7,718 | ▼ 33.5% |
| Non-recurring financial income76B | €42,700 | €39,931 | €30,200 | €0 | - | - |
| Financial charges65/66B | €5,120 | €6,047 | €7,895 | €9,697 | €10,224 | ▲ 5.4% |
| Recurring financial charges65 | €5,120 | €6,047 | €7,895 | €9,697 | €10,224 | ▲ 5.4% |
| Profit (loss) for the period before taxes9903 | €163,676 | €54,246 | €197,260 | €335,981 | €145,851 | ▼ 56.6% |
| Income taxes67/77 | €49,800 | €22,051 | €51,567 | €96,763 | €47,262 | ▼ 51.2% |
| Profit (loss) for the period9904 | €113,876 | €32,194 | €145,694 | €239,218 | €98,589 | ▼ 58.8% |
| Profit (loss) for the period to be appropriated9905 | €113,876 | €32,194 | €145,694 | €239,218 | €98,589 | ▼ 58.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.4m | €1.5m | €1.8m | €1.9m | €1.6m | ▼ 14.6% |
| Fixed assets21/28 | €429,283 | €658,064 | €620,721 | €593,366 | €611,282 | ▲ 3.0% |
| Intangible fixed assets21 | €274,167 | €427,821 | €371,235 | €328,105 | €294,680 | ▼ 10.2% |
| Tangible fixed assets22/27 | €16,073 | €91,200 | €120,363 | €104,239 | €100,580 | ▼ 3.5% |
| Plant, machinery and equipment23 | €0 | - | - | €3,662 | €2,161 | ▼ 41.0% |
| Furniture and vehicles24 | €15,468 | €89,290 | €118,763 | €100,399 | €98,268 | ▼ 2.1% |
| Other tangible fixed assets26 | €259 | €232 | €1,600 | €178 | €151 | ▼ 15.2% |
| Assets under construction and advance payments27 | €346 | €1,678 | - | - | - | - |
| Financial fixed assets28 | €139,042 | €139,042 | €129,122 | €161,022 | €216,022 | ▲ 34.2% |
| Current assets29/58 | €996,796 | €852,990 | €1.2m | €1.3m | €1.0m | ▼ 22.6% |
| Amounts receivable after more than one year29 | - | - | €374,801 | €368,235 | €351,253 | ▼ 4.6% |
| Trade receivables290 | - | - | €374,801 | €0 | - | - |
| Other amounts receivable291 | - | - | - | €368,235 | €351,253 | ▼ 4.6% |
| Amounts receivable within one year40/41 | €172,162 | €639,936 | €325,679 | €300,383 | €67,995 | ▼ 77.4% |
| Trade receivables40 | €6,750 | €6,750 | €27,827 | €57,629 | €0 | ▼ 100% |
| Other amounts receivable41 | €165,412 | €633,186 | €297,852 | €242,754 | €67,995 | ▼ 72.0% |
| Current investments50/53 | - | - | - | - | €102,500 | - |
| Cash at bank and in hand54/58 | €814,743 | €202,962 | €468,097 | €643,041 | €493,376 | ▼ 23.3% |
| Deferred charges and accrued income490/1 | €9,891 | €10,092 | €0 | €4,106 | €3,422 | ▼ 16.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.4m | €1.5m | €1.8m | €1.9m | €1.6m | ▼ 14.6% |
| Equity10/15 | €595,669 | €627,863 | €708,012 | €881,684 | €916,637 | ▲ 4.0% |
| Contributions10/11 | €213,726 | €213,726 | €213,726 | €213,726 | €213,726 | = |
| Capital10 | €213,726 | €213,726 | €213,726 | €213,726 | €213,726 | = |
| Issued capital100 | €213,726 | €213,726 | €213,726 | €213,726 | €213,726 | = |
| Reserves13 | €21,373 | €21,373 | €21,373 | €21,373 | €123,873 | ▲ 480% |
| Non-distributable reserves130/1 | €21,373 | €21,373 | €21,373 | €21,373 | €123,873 | ▲ 480% |
| Legal reserve130 | €21,373 | €21,373 | €21,373 | €21,373 | €21,373 | = |
| Own shares acquired1312 | - | - | - | - | €102,500 | - |
| Profit (loss) carried forward14 | €360,570 | €392,765 | €472,913 | €646,586 | €579,038 | ▼ 10.4% |
| Amounts payable17/49 | €830,409 | €883,191 | €1.1m | €1.0m | €713,191 | ▼ 30.6% |
| Amounts payable after more than one year17 | €99,167 | €329,682 | €232,022 | €264,161 | €223,493 | ▼ 15.4% |
| Financial debts170/4 | €99,167 | €329,682 | €232,022 | €264,161 | €223,493 | ▼ 15.4% |
| Amounts payable within one year42/48 | €723,849 | €534,663 | €847,475 | €717,285 | €459,698 | ▼ 35.9% |
| Current portion of amounts payable after more than one year42 | €43,192 | €53,264 | €77,772 | €51,323 | €40,669 | ▼ 20.8% |
| Trade debts44 | €565,211 | €385,931 | €633,182 | €515,498 | €300,478 | ▼ 41.7% |
| Suppliers440/4 | €565,211 | €385,931 | €633,182 | €515,498 | €300,478 | ▼ 41.7% |
| Taxes, remuneration and social security45 | €78,907 | €40,186 | €70,975 | €84,919 | €54,915 | ▼ 35.3% |
| Taxes450/3 | €41,900 | €4,430 | €26,567 | €42,137 | €0 | ▼ 100% |
| Remuneration and social security454/9 | €37,007 | €35,756 | €44,409 | €42,782 | €54,915 | ▲ 28.4% |
| Other amounts payable47/48 | €36,539 | €55,282 | €65,545 | €65,545 | €63,636 | ▼ 2.9% |
| Accrued charges and deferred income492/3 | €7,393 | €18,846 | €1,790 | €46,000 | €30,000 | ▼ 34.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €113,876 | €32,194 | €145,694 | €239,218 | €98,589 | ▼ 58.8% |
| + Depreciation and write-downs630 | €186,352 | €245,428 | €137,978 | €139,231 | €143,983 | ▲ 3.4% |
| Operating cash flow (approximation) | €300,228 | €277,622 | €283,672 | €378,448 | €242,572 | ▼ 35.9% |
| Investment in fixed assets (approximation) | - | -€474,210 | -€100,635 | -€111,876 | -€161,899 | ▼ 44.7% |
| Change in cash | - | -€611,781 | €265,136 | €174,943 | -€149,665 | ▼ 186% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2024
31-12
Financial
Highest result since 2018net €239,218 ▲64.2%
Operating result €334,072, net result €239,218, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €32,194 ▼71.7%
Net result drops to €32,194, the lowest in the series; recovery starts the following year.
16-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 138 days late
2021
31-12
Financial
Equity above €500,000Eq €595,669 ▲23.6%
4 profitable years in a row build equity to €595,669.
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
13-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 74 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 22 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 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
15 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, Antwerpen · 1 establishment unit since 2003
Ground area
443 m²
Building footprint
164 m²
Volume, LiDAR
1,874 m³
Parcel 11303C0231/00R004, Flanders · tallest building 14.0 m, ±4 floors. Linked by address, not a title deed.
13
companies at this address
See who is registered here
1 establishment unit
B-Safe
since 20032.137.779.832
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11303C0231/00R004 | Flanders | 443 m² | 1 · 164 m² | 14.0 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
2 owners · 2 holdingsChain of control
Highest known parent: ADVICE TRAINING AND PROMOTION. The sources do not say who stands above it.
Owners 2
-
69.9%
- Sourceaccounts MCGS 202527.18%
Holdings 2
-
100%
-
85%
According to the 2025 annual accounts of B-SAFE and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 7 entries · 15,208 EUR awarded · 14,792 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 3,900 EUR | 3,900 EUR |
| 2024 | 2 | 6,066 EUR | 5,677 EUR |
| 2023 | 2 | 5,126 EUR | 5,215 EUR |
| 2022 | 1 | 116 EUR | 0 EUR |
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Of 4,673 companies in sector 66220 we hold annual accounts for 3,222. 2,233 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded10-10-2003
Fiscal year end31-12
Activities, NACEBEL 2025
66220Insurance agents and brokers
E-invoicing
Not found in the Peppol register
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.