SAF PROJECT

Active

Private limited companyfounded 20223 yrs activeW.A. Mozartlaan 2, 1620 Drogenbos, BelgiumKBO/BCE: BE 0793.659.542

The computed 12-month bankruptcy probability of SAF PROJECT is 2.1% (moderate). The 2025 annual accounts show equity of €59k and a net result of €46k. Its solvency ranks better than 78% of 7331 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

70 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100=

Solvency95▲+11

Growth78

Track record94

Bankruptcy probability, 12 months

2.1% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €4k at 30 days acceptable

Liquidity ample (current ratio 3.27 against 2.16 in 2024; short-term debt: 30.2% and cash: 0.9% of total assets), and 30.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 41

Relative position

BE, all sectors

reference

Sector 41

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

69.8%

Return on assets

54.9%

Age of the figures

15 mo

Filed after the deadline

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 05-03-2026, 33 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 filings

Deviation from the deadline

2025

33 d late

2024

58 d early

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

30-06-2026 close17-09-2026 today31-01-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€59k▲ 368%

2024 · €13k

2024: €13k

2024 → 2025

Total assets

€84k▲ 297%

2024 · €21k

2024: €21k

2024 → 2025

Net result

€46k▲ 511%

2024 · €8k

2024: €8k

2024 → 2025

Working capital

€58k▲ 477%

2024 · €10k

2024: €10k

2024 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20242025Trend

Equity€13k-€59k▲ 368%

Operating result€11k-€63k▲ 462%

Net result€8k-€46k▲ 511%

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 2025; 2025 is 462% above 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €84k

98.7%

Fixed assets €1k▼ 57.6%

Current assets €83k▲ 346%

Equity and liabilities €84k

69.8%

30.2%

Equity €59k▲ 368%

Debt €25k▲ 195%

The debt ratio falls from 40.7% to 30.2%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€65k▲

2024 · €13k

Cash flow

€48k▲

2024 · €9k

Solvency

69.8%▲

2024 · 59.3%

Current ratio

3.27▲

2024 · 2.16

Quick ratio

3.27▲

2024 · 2.16

Debt / equity

0.43▼

2024 · 0.69

ROE

78.6%▲

2024 · 60.2%

ROA

54.9%▲

2024 · 35.7%

Interest coverage

92.89▲

2024 · 8.11

Debt

€25k▲

2024 · €9k

Debt ≤ 1 year

€25k▲

2024 · €9k

Income taxes

€17k▲

2024 · €2k

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€21k€84k▲

Fixed assets21/28€3k€1k▼

Tangible fixed assets22/27€3k€1k▼

Plant, machinery and equipment23€426€210▼

Furniture and vehicles24€2k€879▼

Current assets29/58€19k€83k▲

Amounts receivable after more than one year29-€13k

Other amounts receivable291-€13k

Amounts receivable within one year40/41€15k€69k▲

Trade receivables40€12k€59k▲

Other amounts receivable41€3k€10k▲

Cash at bank and in hand54/58€4k€770▼

Equity and liabilities

Total equity and liabilities10/49€21k€84k▲

Equity10/15€13k€59k▲

Contributions10/11€5k€5k=

Profit (loss) carried forward14€8k€54k▲

Amounts payable17/49€9k€25k▲

Amounts payable within one year42/48€9k€25k▲

Trade debts44€6k€7k▲

Suppliers440/4€6k€7k▲

Taxes, remuneration and social security45€2k€19k▲

Taxes450/3€2k€19k▲

Other amounts payable47/48€487-

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€1k▼

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€5k-

Other operating charges640/8€2k€3k▲

Non-recurring operating charges66A€4k-

Gross operating margin9900€24k€68k▲

Operating profit (loss)9901€11k€63k▲

Financial income75/76B€1€0▼

Recurring financial income75€1€0▼

Financial charges65/66B€2k€699▼

Recurring financial charges65€2k€699▼

Profit (loss) for the period before taxes9903€10k€63k▲

Income taxes67/77€2k€17k▲

Profit (loss) for the period9904€8k€46k▲

Profit (loss) for the period to be appropriated9905€8k€46k▲

Appropriation of the result

Profit (loss) to be appropriated9906€8k€54k▲

Profit (loss) brought forward from the previous period14P-€8k

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 2Filings 2

Next filing, fiscal year 2026, expected by 31-01-2027

2026

05-03

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 33 days late

2024

04-12

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

NBB filing

Directors · office · real estate

Directors

1 act for this company is 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, Drogenbos · 1 establishment unit since 2022

establishment The establishment unit on the map

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.

W.A. Mozartlaan 21620 Drogenbos

Ground area

1.3 ha

Building footprint

1,697 m²

Volume, LiDAR

23,033 m³

2 parcels, Brussels, Flanders · tallest building 20.4 m, ±5 floors. Linked by address, not a title deed.

1 establishment unit

INNOVATIVE CARRO

Van Souststraat 127, 1070 AnderlechtManufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials

since 20222.338.972.579

2 parcels

Flanders 1 (50%) Brussels 1 (50%)