SAFESTONE INVEST
InactiveSAFESTONE INVEST was declared bankrupt on 15-09-2022 (Ondernemingsrechtbank Antwerpen, afdeling Antwerpen); the bankruptcy was closed for insufficient assets by judgment of 19-03-2024, published in the Belgian State Gazette on 25-03-2024.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 6 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 30-08-2021, 30 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 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
30 d late
2019
112 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2020, micro schema
Equity
€28k▲ 58.6%
2019 · €18k
2018: €16k
2019: €18k
2018 → 2020
Total assets
€157k▲ 47.1%
2019 · €106k
2018: €52k
2019: €106k
2018 → 2020
Net result
€10k▲ 442%
2019 · €2k
2018: €2k
2019: €2k
2018 → 2020
Working capital
€7k▼ 3.5%
2019 · €7k
2018: €5k
2019: €7k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€16k-€18k▲ 12.1%€28k▲ 58.6%
Operating result€6k-€5k▼ 16.6%€13k▲ 189%
Net result€2k-€2k▼ 14.0%€10k▲ 442%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2020; 2020 is 189% above 2019 and is the highest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €157k
Fixed assets
€84k ▲ 65.6%
Current assets
€72k ▲ 30.2%
Equity and liabilities €157k
Equity
€28k ▲ 58.6%
Debt
€129k ▲ 44.8%
Debt's share of the balance-sheet total falls from 83.4% to 82.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€22k▲
2019 · €14k
Cash flow
€19k▲
2019 · €11k
Current ratio
1.10▼
2019 · 1.14
Quick ratio
0.86▲
2019 · 0.82
Debt to equity
2.25▼
2019 · 2.28
ROE
37.0%▲
2019 · 10.8%
ROA
6.6%▲
2019 · 1.8%
Debt ≤ 1 year
€66k▲
2019 · €49k
Debt > 1 year
€63k▲
2019 · €40k
Income taxes
€83
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2020 against 2019 · 25 lines
Balance sheet
Code20192020
Assets
Total assets20/58€106k€157k▲
Fixed assets21/28€51k€84k▲
Tangible fixed assets22/27€48k€82k▲
Financial fixed assets28€3k€3k=
Current assets29/58€56k€72k▲
Stocks and contracts in progress3€16k€16k=
Amounts receivable within one year40/41€40k€57k▲
Equity and liabilities
Total equity and liabilities10/49€106k€157k▲
Equity10/15€18k€28k▲
Contributions10/11€6k-
Reserves13€2k€2k=
Profit (loss) carried forward14€10k€20k▲
Amounts payable17/49€89k€129k▲
Amounts payable after more than one year17€40k€63k▲
Amounts payable within one year42/48€49k€66k▲
Trade debts44€30k€34k▲
Income statement
Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€9k▼
Gross operating margin9900€31k€135k▲
Operating profit (loss)9901€5k€13k▲
Recurring financial income75€26€54▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€2k€10k▲
Income taxes67/77-€83
Profit (loss) for the period9904€2k€10k▲
Profit (loss) for the period to be appropriated9905€2k€10k▲
Timeline · acts, filings and financial milestones
2024
25-03
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · SAFESTONE INVEST BV ZANDSTRAAT 23, 2070 BURCHT-ZWIJNDRECHT · event 19-03-2024
2022
21-09
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · SAFESTONE INVEST BV ZANDSTRAAT 23, 2070 BURCHT-ZWIJNDRECHT · event 15-09-2022
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Highest result since 2018net €10k ▲442%
Operating result €13k, net result €10k, both a record.
20-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 112 days late
2019
31-12
Financial
Weakest financial yearnet €2k ▼14%
Net result drops to €2k, the lowest in the series.
14-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 75 days late
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 62 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
2016
28-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 28 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | PHILIP RAUTER KAPUCINESSENSTRAAT 13,
2000 ANTWERPEN 1 |
15-09-2022 → 19-03-2024 |
Recognitions · licences · registrations
Dual-learning approval
6 endedMedewerker ruwbouw (vwo)
Medewerker ruwbouw duaal (so)
Metselaar (so)
Metselaar (vwo)
Ruwbouw duaal (so)
Werfbediener (so)