SAFA SERVICES

Active

Private limited companyfounded 20196 yrs activeAssesteenweg 116 A, 1740 Ternat, BelgiumKBO/BCE: BE 0734.920.203

The computed 12-month bankruptcy probability of SAFA SERVICES is 3.4% (moderate). The 2025 annual accounts show negative equity (€-50k) and a net result of €4k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 7% of 4454 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

5 / 100

Critical▼ -2 vs 2024

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

Axes · tick = 2024

Profitability0▼-100

Solvency37=

Growth72▲+17

Stability100

Bankruptcy probability, 12 months

3.4% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.65 against 0.68 in 2024), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

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

+raises risk○neutral

Higher-failure-rate sector

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

Gazette · bankruptcies per sector, NACE 49

Relative position

BE, all sectors

reference

Sector 49

higher

← fewer bankruptcies more bankruptcies →

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

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 2025

Solvency, return and age of the figures

Solvency

-54.5%

Return on assets

4.5%

Age of the figures

8 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 7% of 4454 sector peers (2025).

NBB · sector comparison

Position among 4454 sector peers

Solvency

better than 7%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 6 filings

Deviation from the deadline

2025

31 d late

2024

28 d late

2023

86 d late

2022

44 d late

2021

92 d late

2020

87 d late

← before the deadline after the deadline →

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 months

Position in the running window

12-09-2026 today31-12-2026 close31-07-2027 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

Turnover

€320k▲ 87.3%

2020 · €171k

2020: €171k

2020 → 2021

EBIT margin

-5.0%=

2020 · -5.0%

2020: -5.0%

2020 → 2021

Net result

€4k

2024 · €-50k

2020: €-2k 2021: €-21k 2022: €7k 2023: €6k 2024: €-50k

2020 → 2025

Working capital

€-50k▼ 12.0%

2024 · €-45k

2020: €12k 2021: €-9k 2022: €-2k 2023: €4k 2024: €-45k

2020 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Turnover€320k-

Equity€-8k-€-978▲ 88.5%€5k€-45k€-50k▼ 12.1%

Operating result€-16k-€8k€6k▼ 21.8%€-49k€1k

Net result€-21k-€7k€6k▼ 22.4%€-50k€4k

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2025: €1k after a loss of €49k in 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €92k

99.7%

Fixed assets €297=

Current assets €92k▼ 5.1%

Key figures and ratios

2025 value · change against 2024

Solvency

-54.5%▼

2024 · -46.1%

Current ratio

0.65▼

2024 · 0.68

Quick ratio

0.31▲

2024 · 0.09

Debt / equity

-2.84▲

2024 · -3.17

ROE

-8.2%▼

2024 · 110.8%

ROA

4.5%▲

2024 · -51.1%

Debt

€142k▲

2024 · €142k

Debt ≤ 1 year

€142k▲

2024 · €142k

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€97k€92k▼

Fixed assets21/28€297€297=

Financial fixed assets28€297€297=

Current assets29/58€97k€92k▼

Stocks and contracts in progress3€84k€48k▼

Stocks30/36€84k€48k▼

Amounts receivable within one year40/41€4k€16k▲

Trade receivables40€286€13k▲

Other amounts receivable41€4k€3k▼

Cash at bank and in hand54/58€8k€28k▲

Equity and liabilities

Total equity and liabilities10/49€97k€92k▼

Equity10/15€-45k€-50k▼

Contributions10/11€15k€15k=

Profit (loss) carried forward14€-60k€-65k▼

Amounts payable17/49€142k€142k▲

Amounts payable within one year42/48€142k€142k▲

Trade debts44€2k€5k▲

Suppliers440/4€2k€5k▲

Other amounts payable47/48€139k€137k▼

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€203-

Other operating charges640/8€3k€58▼

Gross operating margin9900€-46k€1k▲

Operating profit (loss)9901€-49k€1k▲

Financial income75/76B-€3k

Recurring financial income75-€3k

Non-recurring financial income76B-€3k

Financial charges65/66B€420€138▼

Recurring financial charges65€420€138▼

Profit (loss) for the period before taxes9903€-50k€4k▲

Profit (loss) for the period9904€-50k€4k▲

Profit (loss) for the period to be appropriated9905€-50k€4k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-60k€-65k▼

Profit (loss) brought forward from the previous period14P€-10k€-69k▼

The notes to these accounts (2 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 9Financial 3Filings 6

Next filing, fiscal year 2026, expected by 31-07-2027

2026

31-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 31 days late

2025

31-12

Financial Back to profitnet €4k

Net result €4k after one loss-making year.

28-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 28 days late

2024

31-12

Financial Weakest financial yearnet €-50k ▼952%

Net result drops to €-50k, the lowest in the series; recovery starts the following year.

25-10

NBB filing Annual accounts filed

fiscal year 2023 · full schema · 86 days late

2023

13-09

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 44 days late

2022

31-12

Financial Back to profitnet €7k

Net result €7k after 2 loss-making years.

31-10

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 92 days late

2021

26-10

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 87 days late

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

Directors · office · real estate

Directors

2 directors, no change since 2025

BALAAGAOU NABIL

Director · since 30-04-2025

Current

30-04-2025 BALAAGAOU NABIL: Appointed as Director

30-04-2025 AAMOURI MOHAMED: Resigned as Director

Location & real-estate footprint

Registered office, Ternat · 1 establishment unit since 2019

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.

Assesteenweg 116 A1740 Ternat

Ground area

82 m²

Building footprint

59 m²

Volume, LiDAR

495 m³

Parcel 23086A0354/00K002, Flanders · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

SAFA SERVICES

Assesteenweg 116, 1740 TernatNACE 45111

since 20192.294.240.337

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23086A0354/00K002	Flanders	82 m²	1 · 58 m²	10.3 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

Sint-Jans-Molenbeek · Eq €5k

Mabo cargo

BE 0758.838.621

Antwerpen · Eq €5k

Of 6,625 companies in sector 49330 we hold annual accounts for 2,252. 1,662 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded26-09-2019

Fiscal year end31-12

Activities, NACEBEL

49320Taxi operation

49330On-demand passenger transport by chauffeured vehicle

46711Wholesale of cars and light vans (up to 3.5 tonnes)

47811Retail sale of cars and light vans (up to 3.5 tonnes)

Sources

Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers

Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.