SAFETECH
ActiveSummary
SAFETECH has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €406k and a net result of €101k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 75% of 482 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability93▼-7
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 4.12 against 4.58 in 2024; short-term debt: 23.2% and cash: 63.7% of total assets), and 23.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 63
Relative position
BE, all sectors
reference
Computing infrastructure, data processing, hosting and other information service activities (NACE 63)
about 52% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
76.8%
Return on assets
19.1%
Age of the figures
9 mo
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 · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €406k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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 · 7 filingsDeviation from the deadline
2025
26 d late
2024
22 d late
2023
31 d late
2022
56 d late
2021
31 d late
2020
298 d late
2019
273 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€406k▲ 33.0%
2024 · €305k
2019: €25k
2020: €48k▲ +92.6% vs 2019
2021: €-41k▼ -185% vs 2020lowest in 7 years
2022: €-16k▲ +59.8% vs 2021
2023: €74k▲ +547% vs 2022
2024: €305k▲ +315% vs 2023
2025: €406k▲ +33.0% vs 2024highest in 7 years
2019 → 2025
Total assets
€529k▲ 37.8%
2024 · €384k
2019: €74k
2020: €64k▼ -12.9% vs 2019lowest in 7 years
2021: €82k▲ +28.2% vs 2020
2022: €383k▲ +365% vs 2021
2023: €276k▼ -28.0% vs 2022
2024: €384k▲ +39.1% vs 2023
2025: €529k▲ +37.8% vs 2024highest in 7 years
2019 → 2025
Net result
€101k▼ 56.5%
2024 · €232k
2019: €6k
2020: €23k▲ +266% vs 2019
2021: €-89k▼ -485% vs 2020lowest in 7 years
2022: €24k▲ +128% vs 2021
2023: €10k▼ -58.6% vs 2022
2024: €232k▲ +2191% vs 2023highest in 7 years
2025: €101k▼ -56.5% vs 2024
2019 → 2025
Working capital
€383k▲ 36.2%
2024 · €282k
2019: €-13k
2020: €9k▲ +172% vs 2019
2021: €-108k▼ -1265% vs 2020
2022: €-183k▼ -68.6% vs 2021lowest in 7 years
2023: €-106k▲ +42.1% vs 2022
2024: €282k▲ +366% vs 2023
2025: €383k▲ +36.2% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-41k-€-16k▲ 59.8%€74k€305k▲ 315%€406k▲ 33.0%
2021: €-41klowest in 5 years
2022: €-16k▲ +59.8% vs 2021
2023: €74k▲ +547% vs 2022
2024: €305k▲ +315% vs 2023
2025: €406k▲ +33.0% vs 2024highest in 5 years
Operating result€-88k-€34k€11k▼ 66.7%€439k▲ 3,794%€131k▼ 70.2%
2021: €-88klowest in 5 years
2022: €34k▲ +138% vs 2021
2023: €11k▼ -66.7% vs 2022
2024: €439k▲ +3794% vs 2023highest in 5 years
2025: €131k▼ -70.2% vs 2024
Net result€-89k-€24k€10k▼ 58.6%€232k▲ 2,191%€101k▼ 56.5%
2021: €-89klowest in 5 years
2022: €24k▲ +128% vs 2021
2023: €10k▼ -58.6% vs 2022
2024: €232k▲ +2191% vs 2023highest in 5 years
2025: €101k▼ -56.5% vs 2024
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 falls in 2025; 2025 is 70% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €529k
Fixed assets
€23k ▼ 3.9%
Current assets
€506k ▲ 40.5%
Equity and liabilities €529k
Equity
€406k ▲ 33.0%
Debt
€123k ▲ 56.2%
Debt's share of the balance-sheet total rises from 20.5% to 23.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€137k▼
2024 · €445k
Cash flow
€107k▼
2024 · €237k
Current ratio
4.12▼
2024 · 4.58
Debt to equity
0.30▲
2024 · 0.26
ROE
24.8%▼
2024 · 75.9%
ROA
19.1%▼
2024 · 60.3%
Interest coverage
474.35▼
2024 · 993.41
Debt ≤ 1 year
€123k▲
2024 · €79k
Income taxes
€30k▼
2024 · €57k
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 · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€384k€529k▲
Fixed assets21/28€24k€23k▼
Intangible fixed assets21€21k€16k▼
Tangible fixed assets22/27€988€5k▲
Furniture and vehicles24€988€5k▲
Financial fixed assets28€2k€2k=
Current assets29/58€360k€506k▲
Amounts receivable within one year40/41€87k€169k▲
Trade receivables40€21k€103k▲
Other amounts receivable41€66k€67k▲
Cash at bank and in hand54/58€273k€337k▲
Equity and liabilities
Total equity and liabilities10/49€384k€529k▲
Equity10/15€305k€406k▲
Contributions10/11€99k€99k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€205k€306k▲
Amounts payable17/49€79k€123k▲
Amounts payable within one year42/48€79k€123k▲
Financial debts43€7k-
Credit institutions430/8€7k-
Trade debts44€27k€48k▲
Suppliers440/4€27k€48k▲
Taxes, remuneration and social security45€7k€37k▲
Taxes450/3€174€30k▲
Remuneration and social security454/9€6k€7k▲
Other amounts payable47/48€38k€38k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k▲
Gross operating margin9900€445k€137k▼
Operating profit (loss)9901€439k€131k▼
Financial income75/76B€325€513▲
Recurring financial income75€325€513▲
Financial charges65/66B€150k€289▼
Recurring financial charges65€448€289▼
Non-recurring financial charges66B€150k-
Profit (loss) for the period before taxes9903€289k€131k▼
Income taxes67/77€57k€30k▼
Profit (loss) for the period9904€232k€101k▼
Profit (loss) for the period to be appropriated9905€232k€101k▼
Appropriation of the result
Profit (loss) to be appropriated9906€205k€306k▲
Profit (loss) brought forward from the previous period14P€-27k€205k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €3k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €6k | €7k | €6k | €6k | ▲ 7.6% |
| Other operating charges640/8 | €50 | €125 | - | - | - | - |
| Non-recurring operating charges66A | - | - | €3k | - | - | - |
| Gross operating margin9900 | €-83k | €40k | €24k | €445k | €137k | ▼ 69.2% |
| Operating profit (loss)9901 | €-88k | €34k | €11k | €439k | €131k | ▼ 70.2% |
| Financial income75/76B | €126 | €209 | €0 | €325 | €513 | ▲ 57.6% |
| Recurring financial income75 | €126 | €209 | €0 | €325 | €513 | ▲ 57.6% |
| Financial charges65/66B | €516 | €2k | €1k | €150k | €289 | ▼ 99.8% |
| Recurring financial charges65 | €516 | €2k | €1k | €448 | €289 | ▼ 35.5% |
| Non-recurring financial charges66B | - | - | - | €150k | - | - |
| Profit (loss) for the period before taxes9903 | €-89k | €32k | €10k | €289k | €131k | ▼ 54.7% |
| Income taxes67/77 | - | €8k | - | €57k | €30k | ▼ 47.4% |
| Profit (loss) for the period9904 | €-89k | €24k | €10k | €232k | €101k | ▼ 56.5% |
| Profit (loss) for the period to be appropriated9905 | €-89k | €24k | €10k | €232k | €101k | ▼ 56.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €82k | €383k | €276k | €384k | €529k | ▲ 37.8% |
| Fixed assets21/28 | €70k | €177k | €179k | €24k | €23k | ▼ 3.9% |
| Intangible fixed assets21 | €31k | €25k | €26k | €21k | €16k | ▼ 23.5% |
| Tangible fixed assets22/27 | - | - | €2k | €988 | €5k | ▲ 404% |
| Furniture and vehicles24 | - | - | €2k | €988 | €5k | ▲ 404% |
| Financial fixed assets28 | €39k | €152k | €152k | €2k | €2k | = |
| Current assets29/58 | €12k | €206k | €97k | €360k | €506k | ▲ 40.5% |
| Amounts receivable within one year40/41 | €12k | €100k | €78k | €87k | €169k | ▲ 93.8% |
| Trade receivables40 | €8k | €96k | €74k | €21k | €103k | ▲ 382% |
| Other amounts receivable41 | €3k | €4k | €4k | €66k | €67k | ▲ 1.0% |
| Cash at bank and in hand54/58 | €260 | €26k | €19k | €273k | €337k | ▲ 23.5% |
| Deferred charges and accrued income490/1 | €98 | €79k | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €82k | €383k | €276k | €384k | €529k | ▲ 37.8% |
| Equity10/15 | €-41k | €-16k | €74k | €305k | €406k | ▲ 33.0% |
| Contributions10/11 | €19k | €19k | €99k | €99k | €99k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-61k | €-37k | €-27k | €205k | €306k | ▲ 49.3% |
| Amounts payable17/49 | €123k | €400k | €202k | €79k | €123k | ▲ 56.2% |
| Amounts payable within one year42/48 | €120k | €389k | €202k | €79k | €123k | ▲ 56.2% |
| Financial debts43 | - | - | - | €7k | - | - |
| Credit institutions430/8 | - | - | - | €7k | - | - |
| Trade debts44 | €8k | €49k | €6k | €27k | €48k | ▲ 77.2% |
| Suppliers440/4 | €8k | €49k | €6k | €27k | €48k | ▲ 77.2% |
| Advances received on contracts in progress46 | - | €60k | - | - | - | - |
| Taxes, remuneration and social security45 | €23k | €47k | €38k | €7k | €37k | ▲ 460% |
| Taxes450/3 | - | - | €418 | €174 | €30k | ▲ 17,068% |
| Remuneration and social security454/9 | €23k | €47k | €37k | €6k | €7k | ▲ 6.2% |
| Other amounts payable47/48 | €89k | €233k | €159k | €38k | €38k | ▲ 0.2% |
| Accrued charges and deferred income492/3 | €3k | €11k | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-89k | €24k | €10k | €232k | €101k | ▼ 56.5% |
| + Depreciation and write-downs630 | €6k | €6k | €7k | €6k | €6k | ▲ 7.6% |
| Operating cash flow (approximation) | €-83k | €30k | €17k | €237k | €107k | ▼ 54.9% |
| Investment in fixed assets (approximation) | - | €-113k | €-9k | €150k | €-5k | ▼ 103% |
| Change in cash | - | €26k | €-8k | €254k | €64k | ▼ 74.8% |
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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 22 days late
2024
31-12
Financial
Highest result since 2019net €232k ▲2,191%
Operating result €439k, net result €232k, both a record.
31-12
Financial
Liquidity times 10current ratio 4.58
Current ratio from 0.48 to 4.58; short-term debt falls from €202k to €79k.
31-12
Financial
Equity above €200kEq €305k ▲315%
3 profitable years in a row build equity to €305k.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 31 days late
2023
25-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 56 days late
2022
31-12
Financial
Back to profitnet €24k
Net result €24k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
25-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 298 days late
2021
31-12
Financial
Weakest financial yearnet €-89k
Net result drops to €-89k, the lowest in the series; recovery starts the following year.
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 273 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 1.57
Current ratio from 0.73 to 1.57; short-term debt falls from €49k to €16k.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Etterbeek · 2 establishment units since 2018
Ground area
3,314 m²
Building footprint
2,299 m²
Volume, LiDAR
21,757 m³
2 parcels, Brussels, Flanders · tallest building 12.0 m, ±3 floors. Linked by address, not a title deed.
93
companies at this address
See who is registered here
2 establishment units
SAFETECH
since 20182.280.911.151
SAFETECH
since 20242.360.034.645
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21363B0348/00A002 | Brussels | 3,170 m² | 1 · 2,221 m² | 12.0 m · 3 fl. |
| 24055A0143/00F002 | Flanders | 144 m² | 1 · 78 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 220,892 EUR awarded · 88,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 220,892 EUR | 88,000 EUR |
Schemes
Ontwikkelingsproject
Recognitions · licences · registrations
Legal Entity Identifier
875500OYP4JPOTRX7L57
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Of 3,152 companies in sector 63920 we hold annual accounts for 1,525. 1,038 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-09-2018
Fiscal year end31-12
Activities, NACEBEL 2025
63920Other information service activities
62100Computer programming
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
68203Renting and operating of own or leased non-residential real estate, excluding land
82100Office administrative and support services
Contact
E-mail
jurgen@safetech.io
Phone
0473/92.37.41
Scores and ratios are computed by Checked and are not a credit decision.