SAFETYFACTION
ActiveSAFETYFACTION has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €118k and a net result of €45k. Equity is growing by ~53% per year across the filed fiscal years. Its solvency ranks better than 55% of 4357 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
88
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability95▲+6
Solvency80▲+18
Growth78=
Track record94
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 3.66 against 2.02 in 2023; short-term debt: 26% and cash: 75.7% of total assets), and 44.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Sector 74
lower
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-07-2025, 14 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
14 d early
2023
19 d early
2022
31 d late
2021
31 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€118k▲ 62.6%
2023 · €72k
2021: €40k
2022: €41k
2023: €72k
2021 → 2024
Total assets
€213k▲ 9.1%
2023 · €196k
2021: €180k
2022: €170k
2023: €196k
2021 → 2024
Net result
€45k▲ 44.5%
2023 · €31k
2021: €10k
2022: €2k
2023: €31k
2021 → 2024
Working capital
€148k▲ 66.0%
2023 · €89k
2021: €17k
2022: €69k
2023: €89k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€40k-€41k▲ 3.9%€72k▲ 76.4%€118k▲ 62.6%
Operating result€10k-€3k▼ 74.4%€42k▲ 1,500%€58k▲ 36.1%
Net result€10k-€2k▼ 84.0%€31k▲ 1,954%€45k▲ 44.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 36% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €213k
Fixed assets
€10k▼ 49.2%
Current assets
€203k▲ 15.6%
Equity and liabilities €213k
Equity
€118k▲ 62.6%
Debt
€96k▼ 22.4%
The debt ratio falls from 63.0% to 44.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€67k▲
2023 · €62k
Cash flow
€55k▲
2023 · €51k
Solvency
55.2%▲
2023 · 37.0%
Current ratio
3.66▲
2023 · 2.02
Quick ratio
3.66▲
2023 · 2.02
Debt / equity
0.81▼
2023 · 1.70
ROE
38.5%▼
2023 · 43.3%
ROA
21.3%▲
2023 · 16.0%
Interest coverage
753.14▲
2023 · 717.16
Debt
€96k▼
2023 · €123k
Debt ≤ 1 year
€56k▼
2023 · €87k
Income taxes
€12k▲
2023 · €11k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€196k€213k▲
Fixed assets21/28€20k€10k▼
Intangible fixed assets21€18k€9k▼
Tangible fixed assets22/27€662-
Furniture and vehicles24€662-
Financial fixed assets28€750€750=
Current assets29/58€176k€203k▲
Amounts receivable within one year40/41€161k€40k▼
Trade receivables40€156k€40k▼
Other amounts receivable41€5k€548▼
Cash at bank and in hand54/58€15k€162k▲
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€196k€213k▲
Equity10/15€72k€118k▲
Contributions10/11€30k€30k=
Profit (loss) carried forward14€42k€88k▲
Amounts payable17/49€123k€96k▼
Amounts payable within one year42/48€87k€56k▼
Trade debts44€82k€49k▼
Suppliers440/4€82k€49k▼
Taxes, remuneration and social security45€4k€4k▲
Taxes450/3€4k€4k▲
Other amounts payable47/48€847€2k▲
Accrued charges and deferred income492/3€36k€40k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€10k▼
Other operating charges640/8€493€505▲
Gross operating margin9900€62k€68k▲
Operating profit (loss)9901€42k€58k▲
Financial income75/76B€40€0▼
Recurring financial income75€40€0▼
Financial charges65/66B€86€89▲
Recurring financial charges65€86€89▲
Profit (loss) for the period before taxes9903€42k€58k▲
Income taxes67/77€11k€12k▲
Profit (loss) for the period9904€31k€45k▲
Profit (loss) for the period to be appropriated9905€31k€45k▲
Appropriation of the result
Profit (loss) to be appropriated9906€42k€88k▲
Profit (loss) brought forward from the previous period14P€11k€42k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2021net €45k ▲44.5%
Operating result €58k, net result €45k, both a record.
31-12
Financial
Equity above €100kEq €118k ▲62.6%
4 profitable years in a row build equity to €118k.
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €2k ▼84%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Aartselaar · 1 establishment unit since 2020
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.
Antwerpsesteenweg 1242630 AartselaarGround area
1,858 m²
Building footprint
844 m²
Volume, LiDAR
5,735 m³
Parcel 11001B0009/00V005, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SAFETYFACTION
since 20202.311.378.158
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11001B0009/00V005 | Flanders | 1,858 m² | 1 · 844 m² | 9.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Nogo Consulting
BE 1005.831.701
Fosses-la-Ville · Eq €118k
Safety and wellbeing keys
BE 0728.983.308
Knokke-Heist · Eq €118k
LMA automation
BE 0737.694.106
Chaumont-Gistoux · Eq €118k
PRIVATUM
BE 0699.533.712
Hasselt · Eq €117k
PLURIEL architecture et ingénierie
BE 0837.275.195
Watermaal-Bosvoorde · Eq €119k
Of 4,563 companies in sector 74999 we hold annual accounts for 1,938. 1,547 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-12-2020
Fiscal year end31-12
Activities, NACEBEL
74909Other professional, scientific and technical activities
74999Other professional, scientific and technical activities
63920Other information service activities
63990Computing infrastructure, data processing, hosting and other information service activities
64200Holdings
64210Activities of holding companies
70200Business and other management consultancy
70210Activities of head offices; management consultancy activities
70220Business consulting
73300Public relations and communication consultancy
82100Office administrative and support services
82110Office administrative, office support and other business support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.