SAFELI
ActiveSummary
SAFELI has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €705,658 and a net result of €43,913. Equity is shrinking by ~12% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability73▲+67
Solvency78▲+10
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity short (current ratio 0.19 against 0.01 in 2023; short-term debt: 46.5% and cash: 5% of total assets), and 46.6% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 d early
2024
9 d early
2023
19 d early
2022
21 d early
2021
13 d early
2020
5 d early
2019
3 d early
← 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 15 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 13 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema, 2025 accounts filed, figures not processed yet
Equity
€705,658▲ 6.6%
2023 · €661,745
Total assets
€1.3m▼ 13.7%
2023 · €1.5m
Net result
€43,913
2023 · -€162,094
Working capital
-€497,655▲ 41.7%
2023 · -€853,223
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€125,013▲ 37.6%-€102,053▲ 18.4%-€211,569▼ 107%-€160,432▲ 24.2%€49,640
Net result-€106,237below the sector's middle half▲ 52.4%-€106,152below the sector's middle half▲ 0.1%-€213,332below the sector's middle half▼ 101%-€162,094below the sector's middle half▲ 24.0%€43,913within the sector's middle half
Equity€1.1mwithin the sector's middle half▼ 8.5%€1.0mwithin the sector's middle half▼ 9.3%€823,838within the sector's middle half▼ 20.6%€661,745above the sector's middle half▼ 19.7%€705,658above the sector's middle half▲ 6.6%
Total assets€1.7mwithin the sector's middle half▼ 6.6%€1.7mwithin the sector's middle half▼ 3.8%€1.6mwithin the sector's middle half▼ 4.7%€1.5mabove the sector's middle half▼ 4.3%€1.3mabove the sector's middle half▼ 13.7%
Debt€599,249▼ 2.8%€639,813▲ 6.8%€774,232▲ 21.0%€868,061▲ 12.1%€615,272▼ 29.1%
Working capital-€442,423below the sector's middle half▼ 36.9%-€530,369below the sector's middle half▼ 19.9%-€726,237below the sector's middle half▼ 36.9%-€853,223below the sector's middle half▼ 17.5%-€497,655below the sector's middle half▲ 41.7%
Solvency65.6%within the sector's middle half▼ 1.4pp61.8%within the sector's middle half▼ 3.8pp51.6%within the sector's middle half▼ 10.3pp43.3%within the sector's middle half▼ 8.3pp53.4%within the sector's middle half▲ 10.2pp
Current ratio0.06below the sector's middle half▼ 0.200.05below the sector's middle half▼ 0.010.02below the sector's middle half▼ 0.030.01below the sector's middle half▼ 0.010.19below the sector's middle half▲ 0.18
Return on assets (ROA)-6.1%below the sector's middle half▲ 5.9pp-6.3%below the sector's middle half▼ 0.2pp-13.3%below the sector's middle half▼ 7.0pp-10.6%below the sector's middle half▲ 2.8pp3.3%within the sector's middle half▲ 13.9pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €49,640 after a loss of €160,432 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.3m
Fixed assets
€1.2m ▼ 20.6%
Current assets
€116,267 ▲ 849%
Equity and liabilities €1.3m
Equity
€705,658 ▲ 6.6%
Debt
€615,272 ▼ 29.1%
Debt's share of the balance-sheet total falls from 56.7% to 46.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€94,142▲
2023 · -€94,634
Cash flow
€88,416▲
2023 · -€96,296
Debt to equity
0.87▼
2023 · 1.31
ROE
6.2%▲
2023 · -24.5%
Interest coverage
144.91▲
2023 · -129.28
Debt ≤ 1 year
€613,922▼
2023 · €865,476
Income taxes
€5,077▲
2023 · €930
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,732 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 14,732 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | - | - | €185,052 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €67,855 | €66,587 | €66,258 | €65,798 | €44,502 | ▼ 32.4% |
| Other operating charges640/8 | - | €9,617 | €7,873 | €7,078 | €6,319 | ▼ 10.7% |
| Gross operating margin9900 | -€49,578 | -€25,850 | -€137,437 | -€87,556 | €100,461 | ▲ 215% |
| Operating profit (loss)9901 | -€125,013 | -€102,053 | -€211,569 | -€160,432 | €49,640 | ▲ 131% |
| Financial income75/76B | - | €29 | €1 | €0 | €0 | ▼ 90.0% |
| Recurring financial income75 | €0 | €29 | €1 | €0 | €0 | ▼ 90.0% |
| Financial charges65/66B | - | €3,035 | €1,299 | €732 | €650 | ▼ 11.2% |
| Recurring financial charges65 | -€18,776 | €3,035 | €1,299 | €732 | €650 | ▼ 11.2% |
| Profit (loss) for the period before taxes9903 | -€106,237 | -€105,059 | -€212,866 | -€161,164 | €48,990 | ▲ 130% |
| Income taxes67/77 | €0 | €1,093 | €466 | €930 | €5,077 | ▲ 446% |
| Profit (loss) for the period9904 | -€106,237 | -€106,152 | -€213,332 | -€162,094 | €43,913 | ▲ 127% |
| Profit (loss) for the period to be appropriated9905 | -€106,237 | -€106,152 | -€213,332 | -€162,094 | €43,913 | ▲ 127% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.7m | €1.7m | €1.6m | €1.5m | €1.3m | ▼ 13.7% |
| Fixed assets21/28 | €1.7m | €1.6m | €1.6m | €1.5m | €1.2m | ▼ 20.6% |
| Tangible fixed assets22/27 | €1.7m | €1.6m | €1.6m | €1.5m | €1.2m | ▼ 19.0% |
| Land and buildings22 | - | €126,262 | €119,585 | €297,377 | €251,615 | ▼ 15.4% |
| Furniture and vehicles24 | - | €687 | €113 | €0 | - | - |
| Other tangible fixed assets26 | - | €1.5m | €1.4m | €1.2m | €952,928 | ▼ 19.9% |
| Financial fixed assets28 | €30,680 | €30,680 | €30,680 | €30,680 | €120 | ▼ 99.6% |
| Current assets29/58 | €26,376 | €27,375 | €14,720 | €12,252 | €116,267 | ▲ 849% |
| Amounts receivable within one year40/41 | €0 | €5,921 | €2,321 | €0 | - | - |
| Trade receivables40 | - | - | €2,321 | €0 | - | - |
| Other amounts receivable41 | - | €5,921 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €9,883 | €6,183 | €5,000 | €9,503 | €66,018 | ▲ 595% |
| Deferred charges and accrued income490/1 | - | €15,271 | €7,399 | €2,749 | €50,249 | ▲ 1,728% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.7m | €1.7m | €1.6m | €1.5m | €1.3m | ▼ 13.7% |
| Equity10/15 | €1.1m | €1.0m | €823,838 | €661,745 | €705,658 | ▲ 6.6% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1.1m | €1.0m | €805,238 | €643,145 | €687,058 | ▲ 6.8% |
| Non-distributable reserves130/1 | - | €6,150 | €6,150 | €0 | - | - |
| Reserves not available under the articles1311 | - | €6,150 | €6,150 | €0 | - | - |
| Distributable reserves133 | - | €1.0m | €799,088 | €643,145 | €687,058 | ▲ 6.8% |
| Amounts payable17/49 | €599,249 | €639,813 | €774,232 | €868,061 | €615,272 | ▼ 29.1% |
| Amounts payable after more than one year17 | €129,040 | €79,484 | €29,430 | €0 | - | - |
| Financial debts170/4 | - | €79,484 | €29,430 | €0 | - | - |
| Amounts payable within one year42/48 | €468,799 | €557,744 | €740,957 | €865,476 | €613,922 | ▼ 29.1% |
| Current portion of amounts payable after more than one year42 | - | €49,556 | €50,054 | €29,430 | €0 | ▼ 100% |
| Trade debts44 | €7,082 | €15,703 | €17,046 | €21,376 | €29,070 | ▲ 36.0% |
| Suppliers440/4 | - | €15,703 | €17,046 | €21,376 | €29,070 | ▲ 36.0% |
| Taxes, remuneration and social security45 | - | €500 | €3,704 | €3,541 | €5,288 | ▲ 49.3% |
| Taxes450/3 | - | €500 | €1,604 | €1,441 | €5,288 | ▲ 267% |
| Remuneration and social security454/9 | - | - | €2,100 | €2,100 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €491,985 | €670,153 | €811,129 | €579,564 | ▼ 28.5% |
| Accrued charges and deferred income492/3 | - | €2,585 | €3,845 | €2,585 | €1,350 | ▼ 47.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€106,237 | -€106,152 | -€213,332 | -€162,094 | €43,913 | ▲ 127% |
| + Depreciation and write-downs630 | €67,855 | €66,587 | €66,258 | €65,798 | €44,502 | ▼ 32.4% |
| Operating cash flow (approximation) | -€38,382 | -€39,565 | -€147,074 | -€96,296 | €88,416 | ▲ 192% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €268,387 | - |
| Change in cash | - | -€3,701 | -€1,182 | €4,503 | €56,514 | ▲ 1,155% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
26-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €43,913
Net result €43,913 after 5 loss-making years.
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet -€223,309
Net result drops to -€223,309, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
No directors read yet: 0 of 6 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Kapellen · 1 establishment unit since 2004
Ground area
7,331 m²
Building footprint
227 m²
Parcel 11362M0161/00G000, Flanders. Linked by address, not a title deed.
1 establishment unit
(geen)
since 20042.139.623.228
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11362M0161/00G000 | Flanders | 7,331 m² | 1 · 227 m² | - |
Linked by address, not proof of ownership
Good to know
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
ANGUMA
BE 0432.773.121
Vosselaar · Eq €705,641
CHRISTEL NAENEN CONSULTING & ENGINEERING
BE 0808.965.548
Boechout · Eq €705,686
ZAKENKANTOOR VANWINKEL
BE 0438.575.996
Tielt-Winge · Eq €705,503
Ramman
BE 0863.666.620
Wingene · Eq €705,837
Naeon
BE 0552.889.409
Schoten · Eq €705,846
Of 82,601 companies in this sector we hold annual accounts for 52,629. 31,516 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded23-07-2004
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0866496347
Also
9925:BE0866496347
Registered
01-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.