SAFETY PRODUCT

Active

Public limited companyfounded 198937 yrs activeBeverlosesteenweg 100, 3580 Beringen, BelgiumKBO/BCE: BE 0437.748.132

SAFETY PRODUCT has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €611k and a net result of €-333k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 89% of 667 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Watch Print / PDF

Checked score

Score 2025

52 / 100

Fair= vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability0=

Solvency100=

Growth52▼-26

Stability100

Bankruptcy probability, 12 months

0.4% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €30k at 30 days acceptable

Liquidity ample (current ratio 5.38 against 8.65 in 2024), and 18.2% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 25

Relative position

BE, all sectors

reference

Sector 25

higher

← fewer bankruptcies more bankruptcies →

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

1819202122232425

2018 to 2025 · latest year -€333k

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-07-2026, 15 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

15 d early

2024

17 d early

2023

41 d early

2022

31 d early

2021

31 d early

2020

4 d early

2019

69 d late

← before the deadline after the deadline →

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 months

Position in the running window

12-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-333k▼ 87.9%

2024 · €-177k

2018: €-228k 2019: €-228k 2020: €30k 2021: €333k 2022: €345k 2023: €118k 2024: €-177k

2018 → 2025

Working capital

€594k▼ 34.2%

2024 · €903k

2018: €242k 2019: €-2.52M 2020: €212k 2021: €569k 2022: €1.01M 2023: €1.06M 2024: €903k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€659k-€1.00M▲ 52.4%€1.12M▲ 11.8%€945k▼ 15.8%€611k▼ 35.3%

Operating result€351k-€361k▲ 2.8%€122k▼ 66.1%€-180k€-331k▼ 84.3%

Net result€333k-€345k▲ 3.7%€118k▼ 65.7%€-177k€-333k▼ 87.9%

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €331k in 2025 against €180k in 2024; the loss grows and 2025 is the lowest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €747k

97.7%

Fixed assets €18k▼ 58.0%

Current assets €730k▼ 28.5%

Equity and liabilities €747k

81.8%

18.2%

Equity €611k▼ 35.3%

Debt €136k▲ 14.9%

The debt ratio rises from 11.1% to 18.2%: debt grows while equity shrinks.

Key figures and ratios

2025 value · change against 2024

EBITDA

€-307k▼

2024 · €-147k

Cash flow

€-309k▼

2024 · €-144k

Solvency

81.8%▼

2024 · 88.9%

Current ratio

5.38▼

2024 · 8.65

Quick ratio

2.64▼

2024 · 5.03

Debt / equity

0.22▲

2024 · 0.13

ROE

-54.5%▼

2024 · -18.8%

ROA

-44.6%▼

2024 · -16.7%

Interest coverage

-121.03▼

2024 · -50.44

Debt

€136k▲

2024 · €118k

Debt ≤ 1 year

€136k▲

2024 · €118k

Income taxes

€352▼

2024 · €482

Staff costs

€162k▼

2024 · €200k

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€1.06M€747k▼

Fixed assets21/28€42k€18k▼

Intangible fixed assets21€14k€3k▼

Tangible fixed assets22/27€28k€14k▼

Plant, machinery and equipment23€25k€12k▼

Furniture and vehicles24€3k€2k▼

Current assets29/58€1.02M€730k▼

Stocks and contracts in progress3€427k€372k▼

Stocks30/36€427k€372k▼

Amounts receivable within one year40/41€107k€153k▲

Trade receivables40€73k€148k▲

Other amounts receivable41€34k€5k▼

Cash at bank and in hand54/58€482k€205k▼

Deferred charges and accrued income490/1€5k€323▼

Equity and liabilities

Total equity and liabilities10/49€1.06M€747k▼

Equity10/15€945k€611k▼

Contributions10/11€3.17M€3.17M=

Capital10€2.93M€2.93M=

Issued capital100€2.93M€2.93M=

Outside capital11€241k€241k=

Share premium1100/10€241k€241k=

Reserves13€10k€10k=

Non-distributable reserves130/1€10k€10k=

Legal reserve130€10k€10k=

Profit (loss) carried forward14€-2.23M€-2.57M▼

Amounts payable17/49€118k€136k▲

Amounts payable after more than one year17€0-

Financial debts170/4€0-

Amounts payable within one year42/48€118k€136k▲

Current portion of amounts payable after more than one year42€1k€0▼

Trade debts44€95k€119k▲

Suppliers440/4€95k€119k▲

Advances received on contracts in progress46€0-

Taxes, remuneration and social security45€22k€16k▼

Taxes450/3€1k€1k▲

Remuneration and social security454/9€21k€15k▼

Accrued charges and deferred income492/3€199€210▲

Income statement Code20242025

Remuneration, social security and pensions62€200k€162k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€33k€24k▼

Other operating charges640/8€14k€14k▲

Gross operating margin9900€67k€-130k▼

Operating profit (loss)9901€-180k€-331k▼

Financial income75/76B€6k€465▼

Recurring financial income75€6k€465▼

Financial charges65/66B€3k€3k▼

Recurring financial charges65€3k€3k▼

Profit (loss) for the period before taxes9903€-177k€-333k▼

Income taxes67/77€482€352▼

Profit (loss) for the period9904€-177k€-333k▼

Profit (loss) for the period to be appropriated9905€-177k€-333k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-2.23M€-2.57M▼

Profit (loss) brought forward from the previous period14P€-2.06M€-2.23M▼

Social balance

Average headcount (FTE)90873.52.8▼

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 18Financial 8Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

16-07

NBB filing Annual accounts filed

fiscal year 2025 · full schema

2025

31-12

Financial Weakest financial yearnet €-333k

Net result drops to €-333k, the lowest in the series.

14-07

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

20-06

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

31-12

Financial Liquidity doublescurrent ratio 5.63

Current ratio from 2.54 to 5.63; short-term debt falls from €659k to €228k.

30-06

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

31-12

Financial Highest result since 2018net €345k ▲3.7%

Operating result €361k, net result €345k, both a record.

31-12

Financial Equity above €1MEq €1.00M ▲52.4%

3 profitable years in a row build equity to €1.00M.

30-06

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

31-12

Financial Equity above €500kEq €659k ▲102%

2 profitable years in a row build equity to €659k.

27-07

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

31-12

Financial Back to profitnet €30k

Net result €30k after 2 loss-making years.

31-12

Financial Liquidity times 7current ratio 1.30

Current ratio from 0.18 to 1.30; short-term debt falls from €3.06M to €703k.

31-12

Financial Equity above €200kEq €326k

Equity rises from €-2.30M to €326k.

08-10

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 69 days late

2019

31-07

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

26-07

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

30-06

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 5 acts read

About the unread acts

We know of 5 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.