SAF2
ActiveThe computed 12-month bankruptcy probability of SAF2 is 2.1% (moderate). The 2024 annual accounts show equity of €22k and a net result of €-5k. Equity is shrinking by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 52% of 26051 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency59▼-1
Growth40=
Stability100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.2 against 1.22 in 2023), and 65.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 47
Relative position
BE, all sectors
reference
Sector 47
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 2024Solvency, return and age of the figures
Solvency
34.9%
Return on assets
-8.8%
Age of the figures
20 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€5k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-07-2025, 8 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
8 d early
2023
19 d early
2022
51 d early
2021
49 d early
2020
25 d early
2019
80 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€540k▲ 6.2%
2018 · €508k
2018: €508k
2018 → 2019
EBIT margin
0.8%▼ 1.7pp
2018 · 2.5%
2018: 2.5%
2018 → 2019
Net result
€-5k▼ 270%
2023 · €-1k
2018: €9k
2019: €3k
2020: €-3k
2021: €-9k
2022: €8k
2023: €-1k
2018 → 2024
Working capital
€8k▼ 1.8%
2023 · €8k
2018: €30k
2019: €33k
2020: €30k
2021: €55k
2022: €-32k
2023: €8k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€30k-€21k▼ 29.6%€29k▲ 36.0%€27k▼ 5.2%€22k▼ 20.1%
Operating result€-2k-€-9k▼ 283%€14k€2k▼ 86.5%€-2k
Net result€-3k-€-9k▼ 241%€8k€-1k€-5k▼ 270%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €2k after €2k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €62k
Fixed assets
€17k▼ 49.7%
Current assets
€46k▲ 4.7%
Equity and liabilities €62k
Equity
€22k▼ 20.1%
Debt
€41k▼ 17.9%
The debt ratio rises from 64.5% to 65.1%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€15k▼
2023 · €18k
Cash flow
€11k▼
2023 · €15k
Solvency
34.9%▼
2023 · 35.5%
Current ratio
1.20▼
2023 · 1.22
Quick ratio
1.03▼
2023 · 1.10
Debt / equity
1.87▲
2023 · 1.82
ROE
-25.2%▼
2023 · -5.4%
ROA
-8.8%▼
2023 · -1.9%
Interest coverage
23.45▲
2023 · 20.35
Debt
€41k▼
2023 · €49k
Debt ≤ 1 year
€38k▲
2023 · €36k
Income taxes
€3k▲
2023 · €2k
Staff costs
€29k▼
2023 · €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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€77k€62k▼
Fixed assets21/28€33k€17k▼
Tangible fixed assets22/27€33k€17k▼
Plant, machinery and equipment23€742€561▼
Furniture and vehicles24€29k€14k▼
Other tangible fixed assets26€3k€2k▼
Current assets29/58€44k€46k▲
Stocks and contracts in progress3€4k€7k▲
Stocks30/36€4k€7k▲
Amounts receivable within one year40/41€32k€30k▼
Trade receivables40€17k€6k▼
Other amounts receivable41€14k€24k▲
Cash at bank and in hand54/58€4k€10k▲
Deferred charges and accrued income490/1€4k€33▼
Equity and liabilities
Total equity and liabilities10/49€77k€62k▼
Equity10/15€27k€22k▼
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€19k€14k▼
Amounts payable17/49€49k€41k▼
Amounts payable after more than one year17€10k-
Financial debts170/4€10k-
Amounts payable within one year42/48€36k€38k▲
Financial debts43€9k€10k▲
Credit institutions430/8€9k€10k▲
Trade debts44€19k€21k▲
Suppliers440/4€19k€21k▲
Taxes, remuneration and social security45€7k€8k▲
Taxes450/3€4k€7k▲
Remuneration and social security454/9€3k€987▼
Other amounts payable47/48€47-
Accrued charges and deferred income492/3€4k€3k▼
Income statement
Code20232024
Remuneration, social security and pensions62€32k€29k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€16k▲
Other operating charges640/8€1k€3k▲
Non-recurring operating charges66A€31k-
Gross operating margin9900€82k€47k▼
Operating profit (loss)9901€2k€-2k▼
Financial income75/76B€0€119▲
Recurring financial income75€0€119▲
Financial charges65/66B€900€627▼
Recurring financial charges65€900€627▼
Profit (loss) for the period before taxes9903€1k€-2k▼
Income taxes67/77€2k€3k▲
Profit (loss) for the period9904€-1k€-5k▼
Profit (loss) for the period to be appropriated9905€-1k€-5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€19k€14k▼
Profit (loss) brought forward from the previous period14P€21k€19k▼
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
2026
05-08
State Gazette act
Capital & shares · Resignations & appointmentsGeneral meeting · Director appointment · Director resignation5 facts ▸
State Gazette act
Capital & shares · Resignations & appointments
General meeting · Director appointment · Director resignation5 facts ▸
- General meeting, 01/07/2026
- Director appointment, AZIZ Zaidabi (administrateur)
- Director resignation, INAYAT Qaiser (administrateur)
- Member resignation, INAYAT Qaiser
- Member resignation, DEEP Kumar
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 1.22
Current ratio from 0.52 to 1.22; short-term debt falls from €66k to €36k.
10-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €8k
Net result €8k after 2 loss-making years.
12-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-9k
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
19-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 80 days late
2019
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 12 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 29 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2026
AZIZ Zaidabi
CurrentDirector · since 01-07-2026
01-07-2026
AZIZ Zaidabi: Appointed as Director
01-07-2026
INAYAT Qaiser: Resigned as Director
Location & real-estate footprint
Registered office, Anderlecht · 1 establishment unit since 2016
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.
Ropsy Chaudronstraat 311070 AnderlechtGround area
169 m²
Parcel 21304B0131/00G002, Brussels. Linked by address, not a title deed.
1 establishment unit
SAF2
since 20162.249.600.838
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21304B0131/00G002 | Brussels | 169 m² | - | - |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAnderlecht2.249.600.838
Similar companies · same sector, comparable size
HISOYE SORO
BE 0751.536.303
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FMA
BE 1000.725.838
Moorslede · Eq €22k
HONLLADAIS
BE 0471.478.891
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MULTISHOP
BE 0433.214.866
Tervuren · Eq €22k
KOHINOOR
BE 0825.899.669
Oudenaarde · Eq €22k
Of 10,412 companies in sector 47110 we hold annual accounts for 5,786. 4,161 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded27-01-2016
Fiscal year end31-12
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47113Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.