FIRST SAFETY TRADING
ActiveThe computed 12-month bankruptcy probability of FIRST SAFETY TRADING is 4.7% (elevated). The 2025 annual accounts show equity of €36k and a net result of €36k. Equity is growing by ~54.2% per year across the filed fiscal years. Its solvency ranks better than 48% of 18024 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
86
/ 100
Excellent▲ +74 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency60▲+21
Growth78▲+46
Stability100
Bankruptcy probability, 12 months
4.7%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity tight (current ratio 1.49 against 0.77 in 2024), and 68.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
31.3%
Return on assets
31.9%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-08-2026, 7 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 · 5 filingsDeviation from the deadline
2025
7 d late
2024
50 d late
2023
225 d late
2022
32 d late
2021
16 d late
← before the deadline
after the deadline →
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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€255k
EBIT margin
3.9%
Net result
€36k
2024 · €-15k
2021: €4k
2022: €5k
2023: €5k
2024: €-15k
2021 → 2025
Working capital
€30k
2024 · €-15k
2021: €15k
2022: €19k
2023: €4k
2024: €-15k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€255k
Equity€4k-€9k▲ 127%€14k▲ 49.2%€-678€36k
Operating result€3k-€10k▲ 197%€11k▲ 10.5%€-11k€58k
Net result€4k-€5k▲ 26.6%€5k▼ 11.9%€-15k€36k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €58k after a loss of €11k in 2024, the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €114k
Fixed assets
€24k▼ 39.8%
Current assets
€90k▲ 81.0%
Equity and liabilities €114k
Equity
€36k
Debt
€79k
Debt finances 68.7% of the balance-sheet total.
Key figures and ratios
EBITDA
€72k▲
2024 · €637
Cash flow
€51k▲
2024 · €-3k
Solvency
31.3%▲
2024 · -0.8%
Current ratio
1.49▲
2024 · 0.77
Quick ratio
1.34▲
2024 · 0.63
Debt / equity
2.20
ROE
101.9%
ROA
31.9%▲
2024 · -16.2%
Interest coverage
21.06▲
2024 · 0.16
Debt
€79k▼
2024 · €90k
Debt ≤ 1 year
€61k▼
2024 · €65k
Debt > 1 year
€18k▼
2024 · €26k
Income taxes
€20k
Staff costs
€17k▼
2024 · €21k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€90k€114k▲
Fixed assets21/28€40k€24k▼
Tangible fixed assets22/27€32k€18k▼
Plant, machinery and equipment23€768€1k▲
Furniture and vehicles24€31k€17k▼
Financial fixed assets28€8k€6k▼
Current assets29/58€50k€90k▲
Stocks and contracts in progress3€9k€9k▼
Stocks30/36€9k€9k▼
Amounts receivable within one year40/41€17k€5k▼
Trade receivables40€15k€735▼
Other amounts receivable41€3k€5k▲
Cash at bank and in hand54/58€23k€72k▲
Deferred charges and accrued income490/1-€4k
Equity and liabilities
Total equity and liabilities10/49€90k€114k▲
Equity10/15€-678€36k▲
Profit (loss) carried forward14€-678€36k▲
Amounts payable17/49€90k€79k▼
Amounts payable after more than one year17€26k€18k▼
Financial debts170/4€26k€18k▼
Amounts payable within one year42/48€65k€61k▼
Current portion of amounts payable after more than one year42€8k€8k▲
Financial debts43€3k-
Credit institutions430/8€3k-
Trade debts44€5k€3k▼
Suppliers440/4€5k€3k▼
Taxes, remuneration and social security45€41k€50k▲
Taxes450/3€40k€49k▲
Remuneration and social security454/9€873€853▼
Other amounts payable47/48€8k-
Income statement
Code20242025
Remuneration, social security and pensions62€21k€17k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€15k▲
Other operating charges640/8€3k€2k▼
Gross operating margin9900€26k€91k▲
Operating profit (loss)9901€-11k€58k▲
Financial income75/76B€1€2k▲
Recurring financial income75€1€2k▲
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Profit (loss) for the period before taxes9903€-15k€56k▲
Income taxes67/77-€20k
Profit (loss) for the period9904€-15k€36k▲
Profit (loss) for the period to be appropriated9905€-15k€36k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-678€36k▲
Profit (loss) brought forward from the previous period14P€14k€-678▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 7 days late
2025
31-12
Financial
Back to profitnet €36k
Net result €36k after one loss-making year.
19-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 50 days late
13-03
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 225 days late
2024
31-12
Financial
Weakest financial yearnet €-15k ▼418%
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Jette · 3 establishment units since 2020
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Broustinlaan 31090 JetteGround area
436 m²
Building footprint
227 m²
Volume, LiDAR
3,754 m³
3 parcels, Brussels · tallest building 22.1 m, ±6 floors. Linked by address, not a title deed.
3 establishment units
Broustinlaan 4, 1090 Jette
since 20202.305.778.486
Broustinlaan 3, 1090 Jette
since 20222.331.670.063
Jetse Laan 226, 1090 Jette
since 20232.341.453.405
3 parcels
Brussels
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21464E0001/00C024 | Brussels | 315 m² | 1 · 125 m² | 22.1 m · 6 fl. |
| 21464E0035/00E004 | Brussels | 61 m² | 1 · 54 m² | 16.6 m · 5 fl. |
| 21464E0036/00L010 | Brussels | 60 m² | 1 · 48 m² | 17.2 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
SABRIN
BE 0657.947.139
Sint-Niklaas · Eq €36k
Minestrone-ART
BE 0769.453.686
Oudenaarde · Eq €36k
FORTEXCO
BE 0690.920.706
Quaregnon · Eq €37k
LORD OF THE GEEKS
BE 0679.462.234
Genk · Eq €38k
Runners Lab
BE 0636.989.595
Zaventem · Eq €33k
Of 273 companies in sector 47519 we hold annual accounts for 128. 107 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-07-2020
Fiscal year end31-12
Activities, NACEBEL
47519Retail trade
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.