Turnover
≈ €110,000 estimated
The micro format states no turnover.
SAFA TECH
Lifetime
4 annual accounts with figures on one time axispeak €37,532 (2023)
€14,706▼ 60.8%
lowest -€8,182 (2024)
-€8,182▼ €28,683
peak €39,036 (2023)
€30,855▼ 21.0%
€62,962▲ 15.8%
Board1 name since 2020
-
Documentsfilings and deeds
03-06-202558 days before the deadline
2024micro format
Gross margin from €37,532 to €14,706Loss of €8,182Equity from €39,036 to €30,855Debts from €54,376 to €62,962Cash from €18,173 to €4,552
Key points
from the 2024 annual accountsInvestments
€28,000 1.6 × depreciation
Green is investment, beige is depreciation.
Liquidity
1.26 was 2.82 in 2023
Short-term debts rose from €13,978 to €23,114.
Filings
4 annual accounts 101 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Starting capital
€6,000 100 shares
Position in the sector
-€8,182
Lower net result than 87% of companies in civil engineering. Sector median €10,886 · 1,312 companies.
Checked score
47
Fair
Financially stronger than 32% of micro companies in civil engineering (NACE 42)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
4.3% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.8% across 1,866 companies (NACE 42, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.8%
01-2025: 0.8%● unchanged vs 12-2024
02-2025: 0.8%● unchanged vs 01-2025
03-2025: 0.8%● unchanged vs 02-2025lowest value
04-2025: 0.8%● unchanged vs 03-2025
05-2025: 0.9%▲ +0.1 percentage points vs 04-2025
06-2025: 0.9%● unchanged vs 05-2025
07-2025: 2.1%▲ +1.2 percentage points vs 06-2025
08-2025: 2.1%● unchanged vs 07-2025
09-2025: 2.0%▼ -0.1 percentage points vs 08-2025
10-2025: 2.0%● unchanged vs 09-2025
11-2025: 2.0%● unchanged vs 10-2025
12-2025: 2.0%● unchanged vs 11-2025
01-2026: 2.0%● unchanged vs 12-2025
02-2026: 1.9%▼ -0.1 percentage points vs 01-2026
03-2026: 1.9%● unchanged vs 02-2026
04-2026: 1.9%● unchanged vs 03-2026
05-2026: 2.0%▲ +0.1 percentage points vs 04-2026
06-2026: 2.0%● unchanged vs 05-2026
07-2026: 2.1%▲ +0.1 percentage points vs 06-2026
08-2026: 2.6%▲ +0.5 percentage points vs 07-2026
09-2026: 2.7%▲ +0.1 percentage points vs 08-2026
10-2026: 4.3%▲ +1.6 percentage points vs 09-2026highest value
11-2026: 4.3%● unchanged vs 10-2026highest value
Financial strengthAverage
Score breakdown
raises risk
Figures for financial year 2024 (filed on 05-06-2025)
1 financial year not filed after the legal deadline; 1 of the last 3 accounts late
Founded in 2020
lowers risk
Size: total assets €93,817
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 42, micro). It does better than 37% of them on solvency, 42% on liquidity, 29% on profitability and 20% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 3,440 companies had the same profile as SAFA TECH has now. Each dot stands for 9 companies, two years later.
90.1%
were still trading
7.4%
stopped another way
2.3%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of SAFA TECH itself is higher: 4.3% within 12 months. It rests on far more data about SAFA TECH than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,440 companies, not a prediction for SAFA TECH. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity is tight, with a current ratio of 1.26 (2.82 in 2023), below the usual 1.5. Short-term debt is 24.6% and cash 4.9% of total assets. 67.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 101 days later.
NBB · 4 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline09-11-2026 today
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 03-06-2025, 58 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not filed
2024
58 days early
2023
57 days early
2022
53 days late
2021
31 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 8 days before the deadline. In the sector (NACE 42), the median for financial year 2024 was 2 days before the deadline, and 41% of those companies filed late.
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0746969482
Registered office moved from Merchtem to Lokeren
New registered office: Voermanstraat 6, 9160 LOKEREN · Previous registered office: Reedijk 39, 1785 Merchtem · General meeting of 24-01-2022 · Gazette deed
First establishment
Voermanstraat 6, Lokeren
Incorporation
Founding capital of €6,000, 100 shares · Founder: BAYDU Bekir · Appointment: BAYDU Bekir (director) · published on 20-05-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SAFA TECH Lokeren | €93,817 | €14,706 | 32.9% | - |
| REDOT Lokeren | €82,796 | €19,001 | 64.6% | - |
| SyncroTex Antwerp | €83,609 | €12,233 | 60.1% | - |
| MAGIC HANDS BUSINESS Kraainem | €115,990 | €13,083 | 53.4% | - |
| NB Solution Lokeren | €81,639 | €11,199 | 9.6% | - |
| NEFES TECHNICS Ghent | €83,425 | €12,631 | 16.4% | - |
| A-ELA TECH Antwerp | €112,844 | €12,473 | 16.6% | - |
These companies have the same main activity as SAFA TECH: construction of utility projects for electricity and telecommunications (NACE 42220). They are comparable in size and age: total assets between €81,600 and €116,000, founded between 2020 and 2021.
Official details
Source: KBO- Status
- Active since 18-05-2020Normal situation
- Activity
- Construction of utility projects for electricity and telecommunicationsNACE 42220and 2 others
- Establishment unit
- 2.306.247.0569160 Lokeren, since 01-08-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 08-12-2025
Insights on SAFA TECH
SAFA TECH files the micro format. That format states no turnover. The gross margin rose from €12,573 in 2022 to €14,706 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SAFA TECH
- What is the company number of SAFA TECH?
- The company number of SAFA TECH is 0746.969.482. The VAT number is the same number with BE in front: BE 0746.969.482.
- Where is SAFA TECH based?
- The registered office is at Voermanstraat 6, 9160 Lokeren.Company details
- What does SAFA TECH do?
- According to the KBO register, the main activity is construction of utility projects for electricity and telecommunications (NACE 42220).
- What is the legal form of SAFA TECH?
- SAFA TECH is a private limited company (BV).
- When was SAFA TECH founded?
- SAFA TECH was founded on 18-05-2020.
- Is SAFA TECH still active?
- Yes, SAFA TECH is an active enterprise in the KBO register.
- What is the turnover of SAFA TECH?
- The turnover in financial year 2024 is ≈ €110,000. This figure is estimated from the gross margin of €14,706 and 6,297 comparable companies of the same size. It probably lies between €51,000 and €270,000. It is a rough estimate.Financials
- Is SAFA TECH profitable?
- In financial year 2024, SAFA TECH made a loss of €8,182.
- Where can I find the annual accounts of SAFA TECH?
- SAFA TECH filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
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