SAFETYGLASS
ActiveSAFETYGLASS has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €3.26M and a net result of €318k. Equity is growing by ~11.9% per year across the filed fiscal years. Its solvency ranks better than 87% of 318 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
88
/ 100
Excellent▼ -7 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability39▼-25
Solvency100=
Growth65▼-13
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €290k at 30 days acceptable
Liquidity ample (current ratio 3.31 against 3.98 in 2023), and 20.1% of the assets are financed with debt.
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
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 23
Relative position
BE, all sectors
reference
Sector 23
lower
← 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 2024Solvency, return and age of the figures
Solvency
79.9%
Return on assets
7.8%
Age of the figures
20 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-11-2025, 106 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
106 d late
2023
26 d early
2022
42 d early
2021
48 d early
2020
60 d early
2019
2 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€9.13M▲ 1.7%
2023 · €8.98M
2023: €8.98M
2023 → 2024
EBIT margin
3.7%▼ 3.9pp
2023 · 7.5%
2023: 7.5%
2023 → 2024
Net result
€318k▼ 43.1%
2023 · €559k
2018: €118k
2019: €190k
2020: €254k
2021: €444k
2022: €683k
2023: €559k
2018 → 2024
Working capital
€1.61M▼ 36.9%
2023 · €2.56M
2018: €532k
2019: €896k
2020: €1.29M
2021: €1.67M
2022: €2.13M
2023: €2.56M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€8.98M€9.13M▲ 1.7%
Equity€1.96M-€2.32M▲ 18.5%€2.50M▲ 7.4%€2.99M▲ 19.6%€3.26M▲ 9.0%
Operating result€280k-€474k▲ 69.0%€821k▲ 73.2%€676k▼ 17.7%€333k▼ 50.6%
Net result€254k-€444k▲ 74.3%€683k▲ 54.1%€559k▼ 18.1%€318k▼ 43.1%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 51% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.08M
Fixed assets
€1.76M▲ 214%
Current assets
€2.31M▼ 32.4%
Equity and liabilities €4.08M
Equity
€3.26M▲ 9.0%
Debt
€820k▼ 17.7%
The debt ratio falls from 25.0% to 20.1%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€450k▼
2023 · €775k
Cash flow
€435k▼
2023 · €659k
Solvency
79.9%▲
2023 · 75.0%
Current ratio
3.31▼
2023 · 3.98
Quick ratio
2.74▼
2023 · 3.37
Debt / equity
0.25▼
2023 · 0.33
ROE
9.8%▼
2023 · 18.7%
ROA
7.8%▼
2023 · 14.0%
Interest coverage
59.61▼
2023 · 92.10
Debt
€820k▼
2023 · €996k
Debt ≤ 1 year
€699k▼
2023 · €860k
Debt > 1 year
€120k▼
2023 · €134k
Income taxes
€101k▼
2023 · €180k
Staff costs
€1.62M▼
2023 · €1.62M
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€3.98M€4.08M▲
Fixed assets21/28€561k€1.76M▲
Tangible fixed assets22/27€505k€441k▼
Plant, machinery and equipment23€351k€381k▲
Furniture and vehicles24€15k€37k▲
Leasing and similar rights25€3k€1k▼
Other tangible fixed assets26€6k€22k▲
Assets under construction and advance payments27€130k€0▼
Financial fixed assets28€56k€1.32M▲
Affiliated companies280/1€56k€1.32M▲
Participating interests280€56k€56k=
Amounts receivable281-€1.27M
Current assets29/58€3.42M€2.31M▼
Stocks and contracts in progress3€521k€397k▼
Stocks30/36€521k€397k▼
Raw materials and consumables30/31€521k€397k▼
Amounts receivable within one year40/41€2.53M€1.73M▼
Trade receivables40€1.46M€1.73M▲
Other amounts receivable41€1.07M€0▼
Cash at bank and in hand54/58€374k€189k▼
Equity and liabilities
Total equity and liabilities10/49€3.98M€4.08M▲
Equity10/15€2.99M€3.26M▲
Contributions10/11€140k€140k=
Capital10€140k€140k=
Issued capital100€140k€140k=
Reserves13€1.44M€1.44M=
Non-distributable reserves130/1€14k€14k=
Legal reserve130€14k€14k=
Distributable reserves133€1.43M€1.43M=
Profit (loss) carried forward14€1.41M€1.68M▲
Amounts payable17/49€996k€820k▼
Amounts payable after more than one year17€134k€120k▼
Financial debts170/4€134k€120k▼
Credit institutions173€134k€120k▼
Amounts payable within one year42/48€860k€699k▼
Current portion of amounts payable after more than one year42€14k€14k=
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€484k€390k▼
Suppliers440/4€484k€390k▼
Taxes, remuneration and social security45€292k€245k▼
Taxes450/3€113k€78k▼
Remuneration and social security454/9€179k€166k▼
Other amounts payable47/48€71k€50k▼
Accrued charges and deferred income492/3€744€658▼
Income statement
Code20232024
Operating income70/76A€9.13M€9.26M▲
Turnover70€8.98M€9.13M▲
Other operating income74€156k€132k▼
Non-recurring operating income76A€0€3k▲
Operating charges60/66A€8.46M€8.93M▲
Goods for resale, raw materials and consumables60€4.86M€5.23M▲
Purchases600/8€4.86M€5.08M▲
Change in stocks: decrease (increase)609€-2k€154k▲
Services and other goods61€1.80M€1.93M▲
Remuneration, social security and pensions62€1.62M€1.62M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€100k€116k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0€-30k▼
Other operating charges640/8€63k€52k▼
Non-recurring operating charges66A€2k€0▼
Operating profit (loss)9901€676k€333k▼
Financial income75/76B€87k€104k▲
Recurring financial income75€87k€104k▲
Income from current assets751€42k€49k▲
Other financial income752/9€46k€55k▲
Financial charges65/66B€24k€18k▼
Recurring financial charges65€24k€18k▼
Debt charges650€8k€8k▼
Other financial charges652/9€15k€10k▼
Profit (loss) for the period before taxes9903€739k€419k▼
Income taxes67/77€180k€101k▼
Taxes670/3€180k€101k▼
Tax adjustments and reversals of tax provisions77€0-
Profit (loss) for the period9904€559k€318k▼
Profit (loss) for the period to be appropriated9905€559k€318k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.48M€1.72M▲
Profit (loss) brought forward from the previous period14P€916k€1.41M▲
Profit to be distributed694/7€71k€48k▼
Return on contributions (dividend)694€0-
Directors or managers695€71k€48k▼
Social balance
Average headcount (FTE)908731.930.1▼
The notes to these accounts (86 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
14-11
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 106 days late
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €683k ▲54.1%
Operating result €821k, net result €683k, both a record.
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €2MEq €2.32M ▲18.5%
4 profitable years in a row build equity to €2.32M.
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 19 days late
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
09-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
13 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, Fleurus · 1 establishment unit since 1999
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.
Avenue de Spirou(FL) 406220 FleurusGround area
1.6 ha
Building footprint
3,645 m²
2 parcels, Wallonia. Linked by address, not a title deed.
1 establishment unit
SAFETYGLASS
since 19992.090.514.108
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52332B0470/00K000 | Wallonia | 1.1 ha | 1 · 3,055 m² | - |
| 52332B0491/00G003indicative | Wallonia | 4,981 m² | 1 · 590 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 66 companies in sector 23110 we hold annual accounts for 38. 19 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded21-01-1999
Fiscal year end31-12
Activities, NACEBEL
23110Manufacture of other non-metallic mineral products
23120Manufacture of other non-metallic mineral products
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.