SAFETY SHOP

Active

Public limited companyfounded 1992active for 34 yearsWestkaai 7, 2170 Antwerpen, BelgiumKBO/BCE: BE 0447.472.975

Summary

SAFETY SHOP has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €52,174 and a net result of -€20,320. Equity is shrinking by about 17% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2027. Its solvency ranks better than 11% of 6,141 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Risk analysisFollow Report Compare

SAFETY SHOPActiveChecked score 68/100

Risk analysis Report Compare

Activity

Wholesale trade

NACE 46432Wholesale of electrical household appliances and audio-video equipment NACE 46431

1 site

Size

€713,006total assets 2025

Staff: 8.7 FTE
Equity: €52,174
Loss: -€20,320

Net result +83%: other schema

Financial health

68 Healthy Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.6%

Structure

Parent: TAFCO · 99.99%
Board: 4 members

Jan-Bart BormansManaging director

2025 accounts 22 days early2 of 8 deeds summarised

Why 68raises riskEquity €52,174 (7.3% of total assets)Size: 8.7 FTE, total assets €713,006Loss of €20,320, the second in a row (financial year 2025)lowers riskFounded in 1992Show the evidence

Checked score

Score 2025

68 / 100

Healthy

Probability in this band: 0.55% to 1.5%

Financially better than 26% of its sector peers (NACE 46, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Weak

Solvency 32-3

equity 7.3% of total assets

Liquidity 47+9

short-term debt 36.9% · cash 10.7%

Profitability 15+15

return on assets -2.8%

Bankruptcy probability, 12 months

0.6% Low

0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,883 companies, NACE 46, micro)

Last 24 months 11-2024: 2.0% 12-2024: 2.0%● unchanged vs 11-2024 01-2025: 2.0%● unchanged vs 12-2024 02-2025: 2.0%● unchanged vs 01-2025 03-2025: 2.0%● unchanged vs 02-2025 04-2025: 2.1%▲ +0.1 percentage points vs 03-2025 05-2025: 2.0%▼ -0.1 percentage points vs 04-2025 06-2025: 1.9%▼ -0.1 percentage points vs 05-2025 07-2025: 2.1%▲ +0.2 percentage points vs 06-2025 08-2025: 2.9%▲ +0.8 percentage points vs 07-2025highest value 09-2025: 2.4%▼ -0.5 percentage points vs 08-2025 10-2025: 2.4%● unchanged vs 09-2025 11-2025: 2.4%● unchanged vs 10-2025 12-2025: 2.4%● unchanged vs 11-2025 01-2026: 2.4%● unchanged vs 12-2025 02-2026: 2.4%● unchanged vs 01-2026 03-2026: 2.4%● unchanged vs 02-2026 04-2026: 2.4%● unchanged vs 03-2026 05-2026: 2.4%● unchanged vs 04-2026 06-2026: 2.3%▼ -0.1 percentage points vs 05-2026 07-2026: 2.3%● unchanged vs 06-2026 08-2026: 0.6%▼ -1.7 percentage points vs 07-2026lowest value 09-2026: 0.6%● unchanged vs 08-2026lowest value 10-2026: 0.6%● unchanged vs 09-2026lowest value

Credit of up to €3,500 on 30-day terms is acceptable

Liquidity ample (current ratio 2.65, compared with 2.54 in 2024, above the usual 1.5; short-term debt: 36.9% and cash: 10.7% of total assets), but 92.7% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro): better than 21% on solvency, 46% on liquidity, 20% on profitability and 16% on growth.

The bankruptcy probability was computed on 25-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.

lowers riskraises riskneutral

Equity €52,174 (7.3% of total assets)

NBB · annual accounts

Founded in 1992

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Size: 8.7 FTE, total assets €713,006

Companies of this size fail more often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Loss of €20,320, the second in a row (financial year 2025)

NBB · annual accounts

Persistent losses

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

NBB · annual accounts 2025

Net result per financial year

1819202122232425

2018 to 2025 · latest year -€20,320

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 6141 sector peers (2025).

NBB · sector comparison

Position among 6141 sector peers

Solvency

better than 11%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-07-2026, 22 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

22 days early

2024

8 days late

2023

30 days late

2022

26 days early

2021

31 days early

2020

82 days late

2019

38 days late

← 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 11 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 9 July (4 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

26-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

09-07-2026 Annual accounts filedfinancial year 2025 · full…
03-07-2026 Appointment: Jan-Bart Bormans (managing director)Reappointments: Jan-Bart Bormans, Marc Vermeiren…
08-08-2025 Annual accounts filedfinancial year 2024 · abbreviated…

Key points

Risk: 5 loss-making years in a rowloss financial year 2025 -€20,320 View
Positive: Result rose in 2025different schema filed ▲ 83.4% View
Caution: Among the weakest 10% on equitysector median €1.6m · 6,074 companies €52,174 View
Controlled by TAFCOultimately: BORMANS GLOBAL INVESTMENTS 99.99% View
New directorlatest change 22-04-2026 · 4 in office 1 joined View
Flemish supportawarded from 2022 to 2025 €56,465 View

By topic

Financials

Financial year: 2025
Total assets: €713,006
Loss: -€20,320
Solvency: 7.3%

Total assets▼ 6.5%

Net result

20182025

Go to Financials

Board & ownership

Board: 4 members
Parent: TAFCO · 99.99%

BORMANS GLOBAL INVESTMENTSDirector
Freddy DavinDirector
Jan-Bart BormansManaging director
Marc VermeirenDirector

Go to Board & ownership

Network & group

Group: BORMANS GLOBAL INVESTMENTS
Connected companies: 2

Go to Network & group

Timeline

Events: 38
Since: 1993
Next accounts: by 31-07-2027

30-08-2024Annual accounts filed
31-12-2023Weakest financial year
09-10-2023Reappointments: BORMANS Jan-Bart, BORMANS GLOBAL INVESTMENTS and…

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: Wholesale tradeNACE 46432
Founded: 21-05-1992
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 14

Who signs: Two directors jointly
Annual meeting: Fourth Wednesday of April at 17:00

Go to Articles of association

Key facts about SAFETY SHOP

What is the company number of SAFETY SHOP?: 0447.472.975. In Belgium the VAT number is the company number with BE in front: BE 0447.472.975.
Where is SAFETY SHOP based?: The registered office is at Westkaai 7, 2170 Antwerpen.Company details
What does SAFETY SHOP do?: According to the KBO register, the main activity is wholesale trade (NACE 46432).
What is the legal form of SAFETY SHOP?: Public limited company (NV).
When was SAFETY SHOP founded?: On 21-05-1992.
Is SAFETY SHOP still active?: Yes, SAFETY SHOP is an active enterprise in the KBO register.
How many employees does SAFETY SHOP have?: On average 8.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of SAFETY SHOP?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is SAFETY SHOP profitable?: In financial year 2025, SAFETY SHOP made a loss of €20,320.
Where can I find the annual accounts of SAFETY SHOP?: SAFETY SHOP filed 34 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of SAFETY SHOP due?: By 31-07-2027, for financial year 2026.Timeline