SAF-LOGIS
ActiveSAF-LOGIS has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €967k and a net result of €81k. Equity is growing by ~10.7% per year across the filed fiscal years. Its solvency ranks better than 64% of 9195 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
81
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability74▼-2
Solvency73▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity short (current ratio 0.73 against 0.48 in 2024; short-term debt: 48.1% and cash: 35% of total assets), and 51.5% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
48.5%
Return on assets
4.1%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
38 d early
2023
36 d early
2022
40 d early
2021
39 d early
2020
33 d early
2019
30 d early
← 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€967k▲ 9.1%
2024 · €886k
2018: €483k
2019: €525k
2020: €566k
2021: €610k
2022: €681k
2023: €791k
2024: €886k
2018 → 2025
Total assets
€2.00M▲ 16.8%
2024 · €1.71M
2018: €1.33M
2019: €1.30M
2020: €1.26M
2021: €1.22M
2022: €1.72M
2023: €1.68M
2024: €1.71M
2018 → 2025
Net result
€81k▼ 15.1%
2024 · €95k
2018: €28k
2019: €42k
2020: €41k
2021: €44k
2022: €71k
2023: €110k
2024: €95k
2018 → 2025
Working capital
€-258k▲ 30.2%
2024 · €-370k
2018: €-65k
2019: €-92k
2020: €-146k
2021: €-132k
2022: €-589k
2023: €-485k
2024: €-370k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€610k-€681k▲ 11.7%€791k▲ 16.1%€886k▲ 12.1%€967k▲ 9.1%
Operating result€78k-€89k▲ 13.6%€143k▲ 61.0%€138k▼ 3.4%€122k▼ 11.5%
Net result€44k-€71k▲ 63.3%€110k▲ 53.7%€95k▼ 13.1%€81k▼ 15.1%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 12% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.00M
Fixed assets
€1.29M▼ 5.6%
Current assets
€702k▲ 108%
Equity and liabilities €2.00M
Equity
€967k▲ 9.1%
Debt
€1.03M▲ 25.1%
The debt ratio rises from 48.1% to 51.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€200k▼
2024 · €215k
Cash flow
€158k▼
2024 · €173k
Solvency
48.5%▼
2024 · 51.9%
Current ratio
0.73▲
2024 · 0.48
Quick ratio
0.73▲
2024 · 0.48
Debt / equity
1.06▲
2024 · 0.93
ROE
8.4%▼
2024 · 10.8%
ROA
4.1%▼
2024 · 5.6%
Interest coverage
55.49▲
2024 · 19.32
Debt
€1.03M▲
2024 · €822k
Debt ≤ 1 year
€960k▲
2024 · €707k
Debt > 1 year
€65k▼
2024 · €102k
Income taxes
€38k▲
2024 · €32k
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€1.71M€2.00M▲
Fixed assets21/28€1.37M€1.29M▼
Tangible fixed assets22/27€1.37M€1.29M▼
Land and buildings22€1.37M€1.29M▼
Current assets29/58€337k€702k▲
Amounts receivable within one year40/41€50k€2k▼
Trade receivables40€50k€2k▼
Other amounts receivable41€100-
Cash at bank and in hand54/58€287k€699k▲
Deferred charges and accrued income490/1€776€516▼
Equity and liabilities
Total equity and liabilities10/49€1.71M€2.00M▲
Equity10/15€886k€967k▲
Contributions10/11€328k€328k=
Capital10€328k€328k=
Issued capital100€328k€328k=
Reserves13€33k€114k▲
Non-distributable reserves130/1€33k€33k▲
Legal reserve130€33k€33k▲
Distributable reserves133-€81k
Profit (loss) carried forward14€526k€526k=
Amounts payable17/49€822k€1.03M▲
Amounts payable after more than one year17€102k€65k▼
Financial debts170/4€102k€65k▼
Amounts payable within one year42/48€707k€960k▲
Current portion of amounts payable after more than one year42€57k€39k▼
Trade debts44€11k€3k▼
Suppliers440/4€11k€3k▼
Taxes, remuneration and social security45€11k€18k▲
Taxes450/3€11k€18k▲
Other amounts payable47/48€628k€900k▲
Accrued charges and deferred income492/3€12k€3k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€77k€77k▲
Other operating charges640/8€11k€21k▲
Gross operating margin9900€226k€221k▼
Operating profit (loss)9901€138k€122k▼
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€11k€4k▼
Recurring financial charges65€11k€4k▼
Profit (loss) for the period before taxes9903€127k€119k▼
Income taxes67/77€32k€38k▲
Profit (loss) for the period9904€95k€81k▼
Profit (loss) for the period to be appropriated9905€95k€81k▼
Appropriation of the result
Profit (loss) to be appropriated9906€531k€607k▲
Profit (loss) brought forward from the previous period14P€435k€526k▲
Transfer to equity691/2€5k€81k▲
To the legal reserve6920€5k€264▼
To other reserves6921-€81k
The notes to these accounts (4 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 · abbreviated schema · 28 days late
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €110k ▲53.7%
Operating result €143k, net result €110k, both a record.
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €500kEq €525k ▲8.7%
2 profitable years in a row build equity to €525k.
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Tournai
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.
Grand'Route(G-R) 1357530 TournaiGround area
1,506 m²
Building footprint
226 m²
Volume, LiDAR
1,981 m³
Parcel 57033D0477/00V000, Wallonia · tallest building 12.0 m, ±3 floors. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57033D0477/00V000 | Wallonia | 1,506 m² | 1 · 226 m² | 12.0 m · 3 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.
Similar companies · same sector, comparable size
ARES
BE 0540.953.261
Machelen (Brab.) · Eq €967k
IMMO GROSFILS
BE 0455.961.564
Ohey · Eq €968k
HUYSEGEMS
BE 0836.290.052
Zaventem · Eq €968k
BONDAD
BE 0838.772.163
Kortrijk · Eq €966k
FUTURE ROOF
BE 0769.653.329
Gent · Eq €969k
Of 12,022 companies in sector 68203 we hold annual accounts for 5,986. 4,153 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded20-04-2006
Fiscal year end31-12
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68310Real estate agency activities
68311Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.