SAFA

Active

Private limited companyfounded 200620 yrs activeNaamsesteenweg 249, 3800 Sint-Truiden, BelgiumKBO/BCE: BE 0883.083.743

SAFA has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €56k and a net result of €13k. Equity is growing by ~34.6% per year across the filed fiscal years. Its solvency ranks better than 29% of 9582 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).

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Checked score

Score 2024

58 / 100

Fair▼ -5 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100=

Solvency36▲+9

Growth52=

Stability100

Bankruptcy probability, 12 months

0.7% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €3k at 30 days acceptable

Liquidity tight (current ratio 1.32 against 1.22 in 2023), and 78.4% 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

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

−lowers risk+raises risk○neutral

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 →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

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 2024

Solvency, return and age of the figures

Solvency

21.6%

Return on assets

Age of the figures

20 mo

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-07-2025, 21 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

21 d early

2023

54 d late

2022

22 d late

2021

31 d late

2020

25 d early

2019

14 d early

← before the deadline after the 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 2024, abbreviated schema

Equity

€56k▲ 30.5%

2023 · €43k

2018: €-54k 2019: €-58k 2020: €-58k 2021: €-97k 2022: €19k 2023: €43k

2018 → 2024

Total assets

€259k▼ 4.9%

2023 · €272k

2018: €207k 2019: €304k 2020: €86k 2021: €221k 2022: €203k 2023: €272k

2018 → 2024

Net result

€13k▼ 44.2%

2023 · €23k

2018: €75k 2019: €-4k 2020: €-467 2021: €-38k 2022: €116k 2023: €23k

2018 → 2024

Working capital

€61k▲ 28.7%

2023 · €48k

2018: €35k 2019: €2k 2020: €-58k 2021: €-105k 2022: €12k 2023: €48k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€-58k-€-97k▼ 65.4%€19k€43k▲ 120%€56k▲ 30.5%

Operating result€1k-€-37k€117k€36k▼ 69.1%€33k▼ 9.3%

Net result€-467-€-38k▼ 8,097%€116k€23k▼ 79.9%€13k▼ 44.2%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has fallen two years in a row; 2024 is 9% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €259k

98.7%

Fixed assets €3k▼ 37.2%

Current assets €255k▼ 4.2%

Equity and liabilities €259k

21.6%

78.4%

Equity €56k▲ 30.5%

Debt €203k▼ 11.5%

The debt ratio falls from 84.2% to 78.4%: equity grows while debt is paid down.

Key figures and ratios

2024 value · change against 2023

EBITDA

€35k▼

2023 · €38k

Cash flow

€15k▼

2023 · €25k

Solvency

21.6%▲

2023 · 15.8%

Current ratio

1.32▲

2023 · 1.22

Quick ratio

0.76▼

2023 · 0.83

Debt / equity

3.63▼

2023 · 5.35

ROE

23.3%▼

2023 · 54.6%

ROA

5.0%▼

2023 · 8.6%

Interest coverage

2.35▼

2023 · 3.26

Debt

€203k▼

2023 · €229k

Debt ≤ 1 year

€194k▼

2023 · €219k

Income taxes

€6k▲

2023 · €6k

Staff costs

€562k▲

2023 · €473k

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€272k€259k▼

Fixed assets21/28€6k€3k▼

Tangible fixed assets22/27€6k€3k▼

Furniture and vehicles24€6k€3k▼

Current assets29/58€267k€255k▼

Stocks and contracts in progress3€85k€108k▲

Stocks30/36€85k€108k▲

Amounts receivable within one year40/41€128k€71k▼

Trade receivables40€49k€10k▼

Other amounts receivable41€79k€62k▼

Cash at bank and in hand54/58€54k€74k▲

Deferred charges and accrued income490/1€0€2k▲

Equity and liabilities

Total equity and liabilities10/49€272k€259k▼

Equity10/15€43k€56k▲

Contributions10/11€19k€19k=

Reserves13€24k€37k▲

Distributable reserves133€24k€37k▲

Amounts payable17/49€229k€203k▼

Amounts payable within one year42/48€219k€194k▼

Trade debts44€141k€121k▼

Suppliers440/4€141k€121k▼

Taxes, remuneration and social security45€78k€73k▼

Taxes450/3€15k€11k▼

Remuneration and social security454/9€63k€62k▼

Other amounts payable47/48€70€0▼

Accrued charges and deferred income492/3€10k€9k▼

Income statement Code20232024

Non-recurring operating income76A-€50

Remuneration, social security and pensions62€473k€562k▲

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

Other operating charges640/8€2k€2k▼

Gross operating margin9900€513k€598k▲

Operating profit (loss)9901€36k€33k▼

Financial income75/76B€5k€861▼

Recurring financial income75€5k€861▼

Financial charges65/66B€12k€15k▲

Recurring financial charges65€12k€15k▲

Profit (loss) for the period before taxes9903€29k€19k▼

Income taxes67/77€6k€6k▲

Profit (loss) for the period9904€23k€13k▼

Profit (loss) for the period to be appropriated9905€23k€13k▼

Appropriation of the result

Profit (loss) to be appropriated9906€23k€13k▼

Profit (loss) brought forward from the previous period14P€0-

Transfer to equity691/2€23k€13k▼

To other reserves6921€23k€13k▼

Social balance

Average headcount (FTE)908712.514.6▲

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 12Financial 2Filings 10

2025

10-07

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

23-09

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema · 54 days late

2023

22-08

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 22 days late

2022

31-12

Financial Back to profitnet €116k

Net result €116k after 3 loss-making years.

31-08

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema · 31 days late

2021

31-12

Financial Weakest financial yearnet €-38k

Net result drops to €-38k, the lowest in the series; recovery starts the following year.

06-07

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

17-07

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

2019

14-08

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema · 14 days late

2018

12-07

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

24-08

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 24 days late

2016

31-05

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 61 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

3 directors, no change since 2023

BRIM NV

Non-statutory director · since 30-09-2023 · Legal entity · perm. rep.: Noë Bruno

Current

BRUNO Noë

Non-statutory director · since 19-01-2023

Current

30-09-2023 BRIM NV: Appointed as Non-statutory director

30-09-2023 Adem Kacmaz: Resigned as Director

19-01-2023 BRUNO Noë: Appointed as Non-statutory director

19-01-2023 BRUNO Noë: Resigned as Permanent representative

19-01-2023 BRUNO Noë: Appointed as Permanent representative

01-01-2023 Adem Kacmaz: Appointed as Director

01-01-2023 Adem Kacmaz: Appointed as Non-statutory director

01-01-2023 BRIM NV: Resigned as Permanent representative

Location & real-estate footprint

Registered office, Sint-Truiden · 1 establishment unit since 2021

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.

Naamsesteenweg 2493800 Sint-Truiden

Ground area

5,147 m²

Building footprint

506 m²

Volume, LiDAR

2,247 m³

Parcel 71353E0421/00P000, Flanders · tallest building 5.7 m, ±1 floor. Linked by address, not a title deed.

1 establishment unit

SAFA

Naamsesteenweg 249, 3800 Sint-TruidenFood and beverage service activities

since 20212.324.139.202

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
71353E0421/00P000	Flanders	5,147 m²	1 · 506 m²	5.7 m · 1 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.

Public money · subsidies and aid

Flemish government

2022 to 2025 · 6 entries · 45,248 EUR awarded · 45,248 EUR paid

Year	Entries	awarded	paid
2025	1	8,463 EUR	8,463 EUR
2024	1	9,641 EUR	9,641 EUR
2023	1	13,604 EUR	13,604 EUR
2022	3	13,540 EUR	13,540 EUR

Schemes

Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)

4 entries · 42,528 EUR · 42,528 EUR paid · Departement Werk en Sociale Economie

Hinderpremie bij openbare werken

1 entry · 2,000 EUR · 2,000 EUR paid · Fonds voor Innoveren en Ondernemen

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

1 entry · 720 EUR · 720 EUR paid · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Food safety, FASFC

1 site

Sint-Truiden2.324.139.202

1 permission

Toelating · Eetgelegenheid · since 25-08-2026

Similar companies · same sector, comparable size

VERLEYZEN-DEFRERE DENDERWINDEKE

BE 0899.302.935

Ternat · Eq €57k

Of 1,262 companies in sector 47300 we hold annual accounts for 946. 730 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded17-08-2006

Fiscal year end31-12

Activities, NACEBEL

47300Retail sale of automotive fuel

56112Limited-service restaurants, excluding mobile food services

47110Non-specialised retail sale with food, beverages or tobacco predominating

47112Retail trade

47620Retail trade

47621Retail sale of newspapers and periodicals

56102Limited-service restaurants

92000Gambling and betting activities

Sources

Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers

Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.