Equity
-€3,036
Debts exceed assets in financial year 2025.
FLARE
Lifetime
12 annual accounts with figures on one time axispeak €5,864 (2020)
€244▼ 89.5%
lowest -€3,931 (2013)
-€1,293▼ €1,447
peak €4,131 (2020)
-€3,036▼ €1,293
€12,464▼ 14.9%
Board2 names since 2021
2 directors and 1 other
Documentsfilings and deeds
23-09-202654 days late
2025micro format
Gross margin from €2,323 to €244Loss of €1,293Equity from -€1,743 to -€3,036Cash from €21 to €406
Key points
from the 2025 annual accountsChecked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 6,920 companies had the same profile as FLARE has now. Each dot stands for 18 companies, two years later.
85.3%
were still trading
8.3%
stopped another way
5.8%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,920 companies, not a prediction for FLARE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0533768630
Company renamed from SAFER@WORK to FLARE
Resignation: (manager) · Reappointment: (director) · Appointment: (director) · General meeting of 19-01-2023 · Gazette deed
Incorporation
published on 02-05-2013 · Gazette deed
First establishment
SAFER@WORK, Diepmeerstraat 19, Buggenhout
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| FLARE Buggenhout | €9,428 | €244 | -32.2% | - |
| AT WORK Binche | €12,146 | -€929 | -117.9% | - |
| A6LE Waremme | €6,308 | -€2,477 | -1858.6% | - |
| TG-H BeNeLux Aarschot | €4,306 | - | -390.9% | - |
| Marketing, Sports & Safety Essen | €73,462 | -€14,841 | 38.7% | - |
| APOLLO 11 Schaerbeek | €70,322 | -€17,248 | -85.5% | - |
| L&F sales Antwerp | €13,314 | €2,560 | 84.5% | - |
These companies have the same main activity as FLARE: wholesale trade (NACE 46421). They are comparable in size and age: total assets between €4,310 and €73,500, founded between 2014 and 2024.
Official details
Source: KBO- Status
- Active since 29-04-2013Normal situation
- Activity
- Wholesale tradeNACE 46421and 2 others
- Establishment unit
- 2.219.158.6749255 Buggenhout, since 29-04-2013
- Financial year end
- 31 December
- Peppol
- Reachable since 19-10-2026
Insights on FLARE
FLARE files the micro format. That format states no turnover. The gross margin rose from -€3,327 in 2013 to €244 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about FLARE
- What is the company number of FLARE?
- The company number of FLARE is 0533.768.630. The VAT number is the same number with BE in front: BE 0533.768.630.
- Where is FLARE based?
- The registered office is at Diepmeerstraat 19, 9255 Buggenhout.Company details
- What does FLARE do?
- According to the KBO register, the main activity is wholesale trade (NACE 46421).
- What is the legal form of FLARE?
- FLARE is a private limited company (BV).
- When was FLARE founded?
- FLARE was founded on 29-04-2013.
- Is FLARE still active?
- Yes, FLARE is an active enterprise in the KBO register.
- What is the turnover of FLARE?
- The turnover in financial year 2025 is ≈ €2,400. This figure is estimated from the gross margin of €244 and 41 comparable companies (NACE 464). It probably lies between €1,200 and €9,800. It is a rough estimate.Financials
- Is FLARE profitable?
- In financial year 2025, FLARE made a loss of €1,293.
- Where can I find the annual accounts of FLARE?
- FLARE filed 12 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of FLARE due?
- FLARE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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