Financials
- Financial year
- 2025
- Total assets
- €2.9m
- Profit
- €10,358
- Solvency
- 22.0%
Total assets▼ 7.2%
Net result
20182025
SAFE TENSIONING SYSTEM
ActiveSummary
SAFE TENSIONING SYSTEM has been active since 1994 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €635,178 and a net result of €10,358. Equity is growing by about 7.1% per year across the filed financial years. Its solvency ranks better than 24% of 6,081 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Activity
Non-specialised wholesale trade
NACE 46900
1 site
Size
€2.9mtotal assets 2025
- Equity
- €635,178
- Profit
- €10,358
Structure
- Largest shareholder
- ECOTFIN · 30%
- Board
- 4 members
- Holdings
- 3
- ECOTFINManaging director · permanent representative Arnold de Quirin
Accounts filed 28 days late
Why 93raises riskLatest accounts 28 days late; 1 of the last 3 latelowers riskSize: total assets €2.9mFounded in 1994Figures for financial year 2025 (filed 28-08-2026)Show the evidence
Checked score
Score 2025
93
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 46% of its sector peers (NACE 46, small)
Financial strength · tick = 2024
Average
Solvency
47+4
equity 22.0% of total assets
Liquidity
48-6
short-term debt 25.1% · cash 6.0%
Profitability
50+25
return on assets 0.4%
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.4%
12-2024: 0.4%● unchanged vs 11-2024
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.5%▲ +0.1 percentage points vs 02-2025
04-2025: 0.5%● unchanged vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.7%▲ +0.2 percentage points vs 05-2025
07-2025: 0.8%▲ +0.1 percentage points vs 06-2025
08-2025: 1.2%▲ +0.4 percentage points vs 07-2025highest value
09-2025: 0.1%▼ -1.1 percentage points vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.2%▲ +0.1 percentage points vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.4%▲ +0.2 percentage points vs 07-2026
09-2026: 0.1%▼ -0.3 percentage points vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
Credit of up to €55,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.23, compared with 1.07 in 2024; short-term debt: 25.1% and cash: 6% of total assets), and 78% of the assets are financed with debt.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 46, small): better than 25% on solvency, 58% on liquidity, 33% on profitability and 70% on growth.
The bankruptcy probability was computed on 09-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Six signals.
−lowers risk+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 6081 sector peers (2025).
NBB · sector comparisonPosition among 6081 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of Belgian companies file late, and of those that file 1 to 90 days late, 2.0% are now in a legal situation other than normal in the KBO (such as bankruptcy, liquidation or dissolution), against 1.66% of all filers. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 days late
2024
28 days late
2023
254 days late
2022
55 days early
2021
31 days late
2020
26 days late
2019
88 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 57 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 August (4 of the last 5 filed years within 83 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
10-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · full…
- Resignations: Jean-Charles Wibo (director) and Stanislas…Appointments: Pascale de Pierpont (director)…
- Back to profitnet €10,358
Key points
By topic
Board & ownership
- Board
- 4 members
- Largest shareholder
- ECOTFIN · 30%
- Jean-Pierre Van CutsemDirector
- ECOTFINManaging director
- EcotfinDirector
- Pascale de PierpontDirector
Network & group
- Subsidiaries
- 2
- Holdings
- 3
- Connected companies
- 14
- Mergers and contributions
- 1
3 holdings
Timeline
- Events
- 52
- Since
- 1995
- Next accounts
- by 31-07-2027
- 28-08-2025Annual accounts filed
- 11-04-2025Annual accounts filed
- 31-12-2024Weakest financial year
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Non-specialised wholesale tradeNACE 46900
- Founded
- 03-02-1994
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 1
- Purpose
- La société a pour objet, en Belgique et à l'étranger, directement ou en qualité…
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