Non-profit association · founded 2005 · active for 21 yearsBoelarestraat 56, 9500 Geraardsbergen, BelgiumKBO/BCE: BE 0871.021.396
Summary
Safety Pleasure has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals. The 2008 annual accounts show equity of €499,219 and a net result of €10,498. The computed 12-month bankruptcy probability is below 0.1% (very low).
“De vereniging heeft als voorwerp de socio-culturele en sportieve activiteiten te organiseren ten voordele…” (deed in Dutch)
From the articles, 4 activitiesNo NACE code in the KBO yet
Size
€527,573total assets 2008
Equity
€499,219
Surplus
€10,498
Turnover not published (abbreviated format)
Financial health
Bankruptcy probabilitywithin 12 months
< 0.1%
2008 figures too old to score
Structure
Board
6 members
Accounts 5927 days overdue2 of 8 deeds read
Signalsraises riskFigures for financial year 2008 (filed 04-09-2009)lowers riskLegal form: non-profit associationSize: total assets €527,573Liquidity: current ratio 18.61, cash €489,464neutralNo filing for yearsFiled after the deadlineShow the evidence
Bankruptcy probability
No current score
Checked score
A figure from 0 to 100: the higher it is, the smaller the chance that the company goes bankrupt within twelve months. The band, from Critical to Excellent, follows from that chance; within the band, how the company does against its sector peers counts too. With a low score, agree a shorter payment term, an advance or security.
Figures too old
The available figures for FY 2008 are too old to assess current financial health.
Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.
Financial strength, FY 2008 · tick = 2007
Financial strength
How strong the balance sheet and results are: solvency, liquidity and profitability from the latest annual accounts, each out of 100. It does not directly set the Checked score's band; how the company does on these and on growth against its sector peers does count for its place within the band.
Strong
Solvency100=
equity 94.6% of total assets
Liquidity100+45
short-term debt 5.4% · cash 92.8%
Profitability42+4
return on assets 2.0%
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that the company goes bankrupt within twelve months, estimated from the registers, the annual accounts and the Belgian Official Gazette. 0.2% means about 2 in 1,000 comparable companies. The higher it is, the shorter the payment term to agree.
< 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 months11-2024: < 0.1%12-2024: < 0.1%● unchanged vs 11-202401-2025: < 0.1%● unchanged vs 12-202402-2025: < 0.1%● unchanged vs 01-202503-2025: < 0.1%● unchanged vs 02-2025lowest value04-2025: < 0.1%● unchanged vs 03-2025lowest value05-2025: < 0.1%● unchanged vs 04-2025lowest value06-2025: < 0.1%● unchanged vs 05-2025lowest value07-2025: < 0.1%● unchanged vs 06-2025lowest value08-2025: < 0.1%● unchanged vs 07-2025lowest value09-2025: < 0.1%● unchanged vs 08-2025lowest value10-2025: < 0.1%● unchanged vs 09-2025lowest value11-2025: < 0.1%● unchanged vs 10-2025lowest value12-2025: < 0.1%● unchanged vs 11-2025lowest value01-2026: < 0.1%● unchanged vs 12-2025lowest value02-2026: < 0.1%● unchanged vs 01-2026lowest value03-2026: < 0.1%● unchanged vs 02-2026lowest value04-2026: < 0.1%● unchanged vs 03-2026highest value05-2026: < 0.1%● unchanged vs 04-2026highest value06-2026: < 0.1%● unchanged vs 05-2026highest value07-2026: < 0.1%● unchanged vs 06-2026highest value08-2026: < 0.1%● unchanged vs 07-2026highest value09-2026: < 0.1%● unchanged vs 08-2026highest value10-2026: < 0.1%● unchanged vs 09-2026highest value
31-12-2009 year end31-07-2010 deadline22-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2008 was due by 31-07-2009 and was filed on 26-08-2009, 26 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.