SAFE WATER SYSTEMS
ActiveSAFE WATER SYSTEMS has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-216k) and a net result of €-37k. Equity is shrinking by ~14.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 35 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
22
/ 100
Critical
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency0=
Growth58=
Track record94
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.25 against 0.28 in 2024; short-term debt: 392.3% and cash: 9.4% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 37
Relative position
BE, all sectors
reference
Sector 37
lower
← 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 2025Solvency, return and age of the figures
Solvency
-292.3%
Return on assets
-49.7%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year €-216k
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 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 · 4 filingsDeviation from the deadline
2025
28 d late
2024
28 d late
2023
30 d late
2022
31 d late
← before the deadline
after the deadline →
neutral · 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 monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-37k▲ 0.7%
2024 · €-37k
2022: €-213k
2023: €28k
2024: €-37k
2022 → 2025
Working capital
€-217k▼ 20.6%
2024 · €-180k
2022: €-171k
2023: €-143k
2024: €-180k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€-171k-€-142k▲ 16.5%€-180k▼ 26.0%€-216k▼ 20.5%
Operating result€-211k-€31k€-34k€-33k▲ 1.2%
Net result€-213k-€28k€-37k€-37k▲ 0.7%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €33k in 2025 against €34k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €74k
Fixed assets
€677=
Current assets
€73k▲ 2.4%
Key figures and ratios
Solvency
-292.3%▼
2024 · -248.4%
Current ratio
0.25▼
2024 · 0.28
Quick ratio
0.07▲
2024 · 0.05
Debt / equity
-1.34▲
2024 · -1.40
ROA
-49.7%▲
2024 · -51.3%
Debt
€290k▲
2024 · €252k
Debt ≤ 1 year
€290k▲
2024 · €252k
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€72k€74k▲
Fixed assets21/28€677€677=
Tangible fixed assets22/27€677€677=
Assets under construction and advance payments27€677€677=
Current assets29/58€72k€73k▲
Stocks and contracts in progress3€58k€53k▼
Stocks30/36€58k€53k▼
Amounts receivable within one year40/41€6k€14k▲
Trade receivables40€4k€5k▲
Other amounts receivable41€2k€8k▲
Cash at bank and in hand54/58€7k€7k▲
Deferred charges and accrued income490/1€121€124▲
Equity and liabilities
Total equity and liabilities10/49€72k€74k▲
Equity10/15€-180k€-216k▼
Contributions10/11€42k€42k=
Profit (loss) carried forward14€-222k€-258k▼
Amounts payable17/49€252k€290k▲
Amounts payable within one year42/48€252k€290k▲
Trade debts44€187k€223k▲
Suppliers440/4€187k€223k▲
Advances received on contracts in progress46€0€0=
Taxes, remuneration and social security45-€0
Taxes450/3-€0
Other amounts payable47/48€64k€68k▲
Accrued charges and deferred income492/3€255€35▼
Income statement
Code20242025
Other operating charges640/8€607€620▲
Gross operating margin9900€-33k€-33k▲
Operating profit (loss)9901€-34k€-33k▲
Financial charges65/66B€4k€4k▲
Recurring financial charges65€4k€4k▲
Profit (loss) for the period before taxes9903€-37k€-37k▲
Profit (loss) for the period9904€-37k€-37k▲
Profit (loss) for the period to be appropriated9905€-37k€-37k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-222k€-258k▼
Profit (loss) brought forward from the previous period14P€-184k€-222k▼
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-12
Financial
Back to profitnet €28k
Net result €28k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Liège · 1 establishment unit since 2021
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.
Rue Natalis 24020 LiègeGround area
5,447 m²
Building footprint
1,275 m²
Volume, LiDAR
27,669 m³
Parcel 62817B0482/00Z003, Wallonia · tallest building 29.4 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
Rue Natalis 2, 4020 Liège
since 20212.325.308.051
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62817B0482/00Z003 | Wallonia | 5,447 m² | 1 · 1,275 m² | 29.4 m · 7 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.
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We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. Of 362 companies in sector 37000 we hold annual accounts for 205.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-12-2021
Fiscal year end31-12
Activities, NACEBEL
37000Sewerage
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.