SAF GROUP
ActiveSAF GROUP has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €14k and a net result of €-6k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 34% of 11297 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
41
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability16▼-84
Solvency46▼-29
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity tight (current ratio 1.33 against 1.99 in 2024; short-term debt: 75.4% and cash: 9.5% of total assets), and 78.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
21.2%
Return on assets
-8.6%
Age of the figures
9 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 28-08-2026, 28 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 · 9 filingsDeviation from the deadline
2025
28 d late
2024
26 d late
2023
12 d late
2022
8 d late
2021
19 d late
2020
20 d late
2019
on the day
← 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€14k▼ 28.8%
2024 · €19k
2018: €-4k
2019: €-5k
2020: €-5k
2021: €9k
2022: €5k
2023: €6k
2024: €19k
2018 → 2025
Total assets
€65k▲ 66.7%
2024 · €39k
2018: €4k
2019: €3k
2020: €5k
2021: €9k
2022: €5k
2023: €9k
2024: €39k
2018 → 2025
Net result
€-6k
2024 · €13k
2018: €-4k
2019: €-3k
2020: €-1k
2021: €5k
2022: €-4k
2023: €1k
2024: €13k
2018 → 2025
Working capital
€16k▼ 17.5%
2024 · €19k
2018: €-4k
2019: €-5k
2020: €-5k
2021: €9k
2023: €6k
2024: €19k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€9k-€5k▼ 42.2%€6k▲ 24.8%€19k▲ 213%€14k▼ 28.8%
Operating result€5k-€-3k€1k€14k▲ 927%€-5k
Net result€5k-€-4k€1k€13k▲ 970%€-6k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €5k after €14k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €65k
Equity
€14k▼ 28.8%
Debt
€51k▲ 161%
The debt ratio rises from 50.3% to 78.8%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
21.2%▼
2024 · 49.7%
Current ratio
1.33▼
2024 · 1.99
Quick ratio
1.33▼
2024 · 1.99
Debt / equity
3.71▲
2024 · 1.01
ROE
-40.5%▼
2024 · 68.1%
ROA
-8.6%▼
2024 · 33.8%
Debt
€51k▲
2024 · €20k
Debt ≤ 1 year
€49k▲
2024 · €20k
Income taxes
€-20▼
2024 · €600
Staff costs
€46k
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€39k€65k▲
Current assets29/58€39k€65k▲
Amounts receivable within one year40/41€32k€58k▲
Trade receivables40€12k€18k▲
Other amounts receivable41€21k€40k▲
Cash at bank and in hand54/58€6k€6k▲
Deferred charges and accrued income490/1€806€1k▲
Equity and liabilities
Total equity and liabilities10/49€39k€65k▲
Equity10/15€19k€14k▼
Contributions10/11€18k€18k=
Profit (loss) carried forward14€1k€-5k▼
Amounts payable17/49€20k€51k▲
Amounts payable within one year42/48€20k€49k▲
Trade debts44€19k€43k▲
Suppliers440/4€19k€43k▲
Taxes, remuneration and social security45€600€5k▲
Taxes450/3€600€580▼
Remuneration and social security454/9-€5k
Other amounts payable47/48-€1k
Accrued charges and deferred income492/3-€2k
Income statement
Code20242025
Remuneration, social security and pensions62-€46k
Other operating charges640/8€823€720▼
Non-recurring operating charges66A-€8k
Gross operating margin9900€15k€50k▲
Operating profit (loss)9901€14k€-5k▼
Financial income75/76B€16€0▼
Recurring financial income75€16€0▼
Financial charges65/66B€120€198▲
Recurring financial charges65€120€198▲
Profit (loss) for the period before taxes9903€14k€-6k▼
Income taxes67/77€600€-20▼
Profit (loss) for the period9904€13k€-6k▼
Profit (loss) for the period to be appropriated9905€13k€-6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1k€-5k▼
Profit (loss) brought forward from the previous period14P€-12k€1k▲
The notes to these accounts (1 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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Weakest financial yearnet €-6k ▼142%
Net result drops to €-6k, the lowest in the series.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
31-12
Financial
Highest result since 2018net €13k ▲970%
Operating result €14k, net result €13k, both a record.
12-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 12 days late
2023
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 8 days late
2022
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
2021
31-12
Financial
Back to profitnet €5k
Net result €5k after 3 loss-making years.
31-12
Financial
Liquidity times 302current ratio 155.10
Current ratio from 0.51 to 155.10; short-term debt falls from €10k to €56.
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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 2017
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.
Nieuwdreef 1302170 AntwerpenGround area
6,133 m²
Building footprint
189 m²
Volume, LiDAR
3,761 m³
Parcel 11422C0085/00B000, Flanders · tallest building 23.9 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
SAF GROUP
since 20172.262.693.957
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11422C0085/00B000 | Flanders | 6,133 m² | 1 · 189 m² | 23.9 m · 7 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 1,641 companies in sector 46170 we hold annual accounts for 671. 389 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-12-2016
Fiscal year end31-12
Activities, NACEBEL
46170Agents in the wholesale of food, beverages and tobacco
46190Agents in non-specialised wholesale trade
46391Wholesale trade
46392Non-specialised wholesale
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:info@safgroup.be