Result
-€328,434 -€328,434
From profit to loss in 2025, after a profit of €318,327 in 2024.
SAFETYGLASS
Lifetime
19 annual accounts with figures on one time axis, 26 filings since 2000peak €9.1m (2024)
€8.5m▼ 7.1%
lowest -€328,434 (2025)
-€328,434▼ €646,761
peak €3.3m (2024)
€2.9m▼ 10.1%
€2.1m▲ 154%
peak 34.1 FTE (2022)
27.6 FTE▼ 8.3%
Board7 names since 2018
3 directorsChristine Riou and 2 others
Owners5 names in the annual accounts
consolidatesResiglass
Documentsfilings and deeds
19-10-202680 days late
2025financial year
Loss of €328,434Staff from 30.1 FTE to 27.6 FTEDebts from €819,700 to €2.1m
Key points
from the 2025 annual accountsDebts
€2.1m ▲ 154%
Debts rose by €1.3m in 2025.
Staff
28 employees on 31-12-2025
In 2025, 23 people joined and 25 left. On top of that, 1.7 agency workers worked there on average.
Payment terms
54 days to suppliers
SAFETYGLASS pays its suppliers 34 days later than in 2024. Customers pay 45 days later.
Filings
26 annual accounts 80 days
Latest accounts filed late: after the legal deadline.
Position in the sector
-€328,434
Lower net result than 89% of companies in non-metallic mineral products. Sector median €95,285 · 366 companies.
Checked score
69
Healthy
Financially stronger than 31% of small companies in non-metallic mineral products (NACE 23)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 233 companies (NACE 23, small).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025lowest value
03-2025: < 0.1%● unchanged vs 02-2025lowest value
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: 0.1%▲ +0.1 percentage points vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.6%▲ +0.4 percentage points vs 09-2026highest value
11-2026: 0.6%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Last filed accounts filed 80 days late; 2 of the last 3 accounts late
Loss of €328,434 (financial year 2025)
Liquidity: current ratio 1.66, cash €151,574
lowers risk
Equity €2.9m (58.5% of total assets)
Calculation
The band follows from the bankruptcy probability. 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 23, small). It does better than 63% of them on solvency, 29% on liquidity, 9% on profitability and 24% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 8,617 companies had the same profile as SAFETYGLASS has now. Each dot stands for 22 companies, two years later.
94.2%
were still trading
5.2%
stopped another way
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SAFETYGLASS itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 8,617 companies, not a prediction for SAFETYGLASS. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €200,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.66 (3.31 in 2024), above the usual 1.5. Short-term debt is 39.4% and cash 3% of total assets. 41.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises risk
raises risk · 2025 accounts filed 80 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-10-2026, 80 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.
NBB · 10 filingsDeviation from the deadline
2025
80 days late
2024
106 days late
2023
26 days early
2022
42 days early
2021
48 days early
2020
60 days early
2019
2 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 1 day after the deadline. In the sector (NACE 23), the median for financial year 2024 was 10 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
neutral · 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 6 July (4 of the last 5 accounts filed within 105 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- GLASS INVEST 99.99%score 66equity €14.9m (2025) · 2025 annual accounts of GLASS INVEST
- Resiglass NV consolidatesannual accounts 2025
- EUROGLAS - DE LANDTSHEER 0.01%score 62equity €3.3m (2025) · 2025 annual accounts of EUROGLAS - DE LANDTSHEER
Shares in 1 company, GLASS TRANSPORT
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0465310285
Reappointment: BDO Bedrijfsrevisoren (statutory auditor)
Permanent representative: Evy BORRY · General meeting of 22-09-2023 · Gazette deed
New managing director
RESIGLASS NV appointed, CGC Invest SRL resigned · Permanent representative: Frederik De Knijf · General meeting of 22-12-2022 · Gazette deed
3 directors appointed, 2 resignations
Change of role: SANBO BV, from director to managing director · Resignations: GLASS INVEST NV and CGC invest BV (managing director) · Permanent representatives: Anthony De Clerck, Frederik De Knijf and Geert De Landtsheer · General meeting of 12-12-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SAFETYGLASS Fleurus | €8.5m | -4.8% | 58.5% | 27.6 |
| AGC Energypane Hannut | €7.9m | -4.3% | 82.7% | 34.8 |
| CYGLA Heusden-Zolder | €5.0m | 9.0% | 60.2% | 48.7 |
| GLASCENTRALE Wevelgem | - | - | 90.2% | 19.5 |
| SEMFIX DIMITRY SEMEELEN Fernelmont | - | - | 54.5% | 11.4 |
| SOLITHERM Waregem | - | - | 32.8% | 34.5 |
| A.S.E.-Brecht Brecht | - | - | 95.3% | - |
Grey: the largest companies of the sector (non-metallic mineral products (NACE 23)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as SAFETYGLASS: manufacture of other non-metallic mineral products (NACE 23110). They are comparable in size and age: total assets between €1.9m and €5.5m, founded between 1969 and 2003.
Official details
Source: KBO- Status
- Active since 21-01-1999Normal situation
- Activity
- Manufacture of other non-metallic mineral productsNACE 23110and 1 other
- Joint committees
- 115Glass industry
- 200Auxiliary committee for white-collar workers · annual accounts 2024
- Establishment unit
- 2.090.514.1086220 Fleurus, since 25-03-1999
- Financial year end
- 31 December
- Peppol
- Reachable since 04-11-2025
Annual accounts 2025
- €5.0m▲ 22.8%
- Employeeson 31-12-2025
- 28▼ 6.7%
- Filing
- Filed on 19-10-2026
Insights on SAFETYGLASS
SAFETYGLASS has existed since 1999. Turnover grew from €3.0m in 2008 to €8.5m in 2025 and staff from 18.4 to 27.6 full-time equivalents.
Solvency fell in 2025 from 79.9% to 58.5% because of the loss and higher debts to suppliers.
GLASS INVEST holds all the shares. In January 2023, three directors stepped down. In June 2023, the Official Gazette published the appointment of Resiglass as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SAFETYGLASS
- What is the company number of SAFETYGLASS?
- The company number of SAFETYGLASS is 0465.310.285. The VAT number is the same number with BE in front: BE 0465.310.285.
- Where is SAFETYGLASS based?
- The registered office is at Avenue de Spirou 40, 6220 Fleurus.Company details
- What does SAFETYGLASS do?
- According to the KBO register, the main activity is manufacture of other non-metallic mineral products (NACE 23110).
- What is the legal form of SAFETYGLASS?
- SAFETYGLASS is a public limited company (NV).
- When was SAFETYGLASS founded?
- SAFETYGLASS was founded on 21-01-1999.
- Is SAFETYGLASS still active?
- Yes, SAFETYGLASS is an active enterprise in the KBO register.
- How many employees does SAFETYGLASS have?
- SAFETYGLASS had an average of 27.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does SAFETYGLASS fall under?
- In its 2024 annual accounts, SAFETYGLASS states joint committees 115 (Glass industry) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of SAFETYGLASS?
- The turnover of SAFETYGLASS was €8.5m in financial year 2025, according to the filed annual accounts.
- Is SAFETYGLASS profitable?
- In financial year 2025, SAFETYGLASS made a loss of €328,434.
- Where can I find the annual accounts of SAFETYGLASS?
- SAFETYGLASS filed 26 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SAFETYGLASS due?
- SAFETYGLASS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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