MN SAFTY
ActiveSummary
The computed 12-month bankruptcy probability of MN SAFTY is 2.3% (moderate). For MN SAFTY, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €37,815 and a net result of €25,144. Its solvency ranks better than 54% of 15220 sector peers (fiscal year 2023). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability94▲+33
Solvency68▲+12
Growth85
Track record94
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Five signals. The signal on the left, the evidence on the right.
+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 · 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 2023Solvency, return and age of the figures
Solvency
43.1%
Return on assets
28.7%
Age of the figures
33 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 2 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline27-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 27-09-2024, 58 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
58 d late
2022
57 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 58 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2023, micro schema
Turnover
€220,240▲ 78.7%
2022 · €123,279
EBIT margin
15.7%▲ 12.1pp
2022 · 3.6%
Net result
€25,144▲ 841%
2022 · €2,672
Working capital
€36,081▲ 199%
2022 · €12,072
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
Line20222023
Turnover€123,279-€220,240▲ 78.7%
Operating result€4,478-€34,588▲ 672%
Net result€2,672-€25,144▲ 841%
EBIT margin3.6%-15.7%▲ 12.1pp
Equity€12,672-€37,815▲ 198%
Total assets€40,568-€87,647▲ 116%
Debt€27,897-€49,832▲ 78.6%
Working capital€12,072-€36,081▲ 199%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2023; 2023 is 672% above 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €87,647
Fixed assets
€1,735 ▲ 189%
Current assets
€85,913 ▲ 115%
Equity and liabilities €87,647
Equity
€37,815 ▲ 198%
Debt
€49,832 ▲ 78.6%
Debt's share of the balance-sheet total falls from 68.8% to 56.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€34,882▲
2022 · €4,539
Cash flow
€25,438▲
2022 · €2,733
Current ratio
1.72▲
2022 · 1.43
Quick ratio
0.76▼
2022 · 0.81
Debt to equity
1.32▼
2022 · 2.20
ROE
66.5%▲
2022 · 21.1%
ROA
28.7%▲
2022 · 6.6%
Interest coverage
70.04▲
2022 · 5.71
Debt ≤ 1 year
€49,832▲
2022 · €27,897
Income taxes
€8,946▲
2022 · €1,043
Staff costs
€18,477▼
2022 · €40,413
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Turnover70 | €123,279 | €220,240 | ▲ 78.7% |
| Goods, raw materials, services and sundry goods60/61 | €77,905 | €164,222 | ▲ 111% |
| Remuneration, social security and pensions62 | €40,413 | €18,477 | ▼ 54.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €61 | €295 | ▲ 384% |
| Other operating charges640/8 | €423 | €2,659 | ▲ 529% |
| Gross operating margin9900 | €45,374 | €56,018 | ▲ 23.5% |
| Operating profit (loss)9901 | €4,478 | €34,588 | ▲ 672% |
| Financial income75/76B | €32 | €0 | ▼ 99.9% |
| Recurring financial income75 | €32 | €0 | ▼ 99.9% |
| Financial charges65/66B | €796 | €498 | ▼ 37.4% |
| Recurring financial charges65 | €796 | €498 | ▼ 37.4% |
| Profit (loss) for the period before taxes9903 | €3,714 | €34,090 | ▲ 818% |
| Income taxes67/77 | €1,043 | €8,946 | ▲ 758% |
| Profit (loss) for the period9904 | €2,672 | €25,144 | ▲ 841% |
| Profit (loss) for the period to be appropriated9905 | €2,672 | €25,144 | ▲ 841% |
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €40,568 | €87,647 | ▲ 116% |
| Fixed assets21/28 | €599 | €1,735 | ▲ 189% |
| Tangible fixed assets22/27 | €599 | €1,735 | ▲ 189% |
| Plant, machinery and equipment23 | €599 | €1,735 | ▲ 189% |
| Current assets29/58 | €39,969 | €85,913 | ▲ 115% |
| Stocks and contracts in progress3 | €17,507 | €48,187 | ▲ 175% |
| Stocks30/36 | €17,507 | €48,187 | ▲ 175% |
| Amounts receivable within one year40/41 | €13,087 | €23,963 | ▲ 83.1% |
| Trade receivables40 | €12,158 | €23,903 | ▲ 96.6% |
| Other amounts receivable41 | €928 | €60 | ▼ 93.5% |
| Cash at bank and in hand54/58 | €9,375 | €13,763 | ▲ 46.8% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €40,568 | €87,647 | ▲ 116% |
| Equity10/15 | €12,672 | €37,815 | ▲ 198% |
| Contributions10/11 | €10,000 | €10,000 | = |
| Capital10 | €10,000 | €10,000 | = |
| Issued capital100 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €2,672 | €27,815 | ▲ 941% |
| Amounts payable17/49 | €27,897 | €49,832 | ▲ 78.6% |
| Amounts payable within one year42/48 | €27,897 | €49,832 | ▲ 78.6% |
| Trade debts44 | €858 | €13,984 | ▲ 1,531% |
| Suppliers440/4 | €858 | €13,984 | ▲ 1,531% |
| Taxes, remuneration and social security45 | €27,039 | €31,131 | ▲ 15.1% |
| Taxes450/3 | €11,526 | €18,791 | ▲ 63.0% |
| Remuneration and social security454/9 | €15,513 | €12,339 | ▼ 20.5% |
| Other amounts payable47/48 | - | €4,717 | - |
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €2,672 | €25,144 | ▲ 841% |
| + Depreciation and write-downs630 | €61 | €295 | ▲ 384% |
| Operating cash flow (approximation) | €2,733 | €25,438 | ▲ 831% |
| Investment in fixed assets (approximation) | - | -€1,430 | - |
| Change in cash | - | €4,388 | - |
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
2024
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
26-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 57 days late
NBB filing
0 of 2 acts read
About the unread acts
We know of 2 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
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, Antwerpen · 1 establishment unit since 2022
Ground area
326 m²
Building footprint
153 m²
Volume, LiDAR
1,401 m³
Parcel 11422C0436/00V000, Flanders · tallest building 13.9 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
MN SAFETY
since 20222.327.686.432
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11422C0436/00V000 | Flanders | 326 m² | 1 · 153 m² | 13.9 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.
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Of 192 companies in sector 46421 we hold annual accounts for 129. 62 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded11-01-2022
Fiscal year end31-12
Activities, NACEBEL 2025
46421Wholesale trade
Contact
E-mail
mn.safety@outlook.be
Phone
+32488427018
E-invoicing
Reachable via Peppol
Peppol ID
0208:0779976802
Registered
18-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.