SAFEX
ActiveSAFEX has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €24k and a net result of €3k. Equity is growing by ~17.5% per year across the filed fiscal years. Its solvency ranks better than 70% of 18237 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability53▼-7
Solvency83▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 2.31 against 1.94 in 2024; short-term debt: 42% and cash: 35.4% of total assets), and 42% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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 2025Solvency, return and age of the figures
Solvency
58%
Return on assets
6.1%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-05-2026, 64 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
64 d early
2024
23 d late
2023
52 d late
2022
68 d late
2021
29 d late
2020
87 d late
2019
103 d late
← before the deadline
after the deadline →
neutral · 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 monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€24k▲ 11.8%
2024 · €21k
2018: €8k
2019: €8k
2020: €9k
2021: €14k
2022: €16k
2023: €18k
2024: €21k
2018 → 2025
Total assets
€41k▼ 3.8%
2024 · €43k
2018: €32k
2019: €12k
2020: €30k
2021: €35k
2022: €36k
2023: €42k
2024: €43k
2018 → 2025
Net result
€3k▼ 34.4%
2024 · €4k
2018: €224
2019: €54
2020: €673
2021: €5k
2022: €2k
2023: €2k
2024: €4k
2018 → 2025
Working capital
€23k▲ 12.5%
2024 · €20k
2018: €24k
2019: €4k
2020: €8k
2021: €12k
2022: €15k
2023: €16k
2024: €20k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€14k-€16k▲ 17.9%€18k▲ 9.6%€21k▲ 21.9%€24k▲ 11.8%
Operating result€7k-€6k▼ 11.4%€8k▲ 25.5%€6k▼ 20.1%€5k▼ 18.6%
Net result€5k-€2k▼ 49.3%€2k▼ 36.8%€4k▲ 151%€3k▼ 34.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 19% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €41k
Fixed assets
€1k=
Current assets
€40k▼ 3.9%
Equity and liabilities €41k
Equity
€24k▲ 11.8%
Debt
€17k▼ 19.3%
The debt ratio falls from 50.0% to 42.0%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
58.0%▲
2024 · 50.0%
Current ratio
2.31▲
2024 · 1.94
Quick ratio
1.37▲
2024 · 1.11
Debt / equity
0.72▼
2024 · 1.00
ROE
10.5%▼
2024 · 18.0%
ROA
6.1%▼
2024 · 9.0%
Debt
€17k▼
2024 · €22k
Debt ≤ 1 year
€17k▼
2024 · €22k
Income taxes
€2k▲
2024 · €502
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€43k€41k▼
Fixed assets21/28€1k€1k=
Financial fixed assets28€1k€1k=
Current assets29/58€42k€40k▼
Stocks and contracts in progress3€18k€16k▼
Stocks30/36€18k€16k▼
Amounts receivable within one year40/41€9k€9k▲
Trade receivables40€2k€3k▲
Other amounts receivable41€7k€6k▼
Cash at bank and in hand54/58€15k€15k▼
Deferred charges and accrued income490/1€116€95▼
Equity and liabilities
Total equity and liabilities10/49€43k€41k▼
Equity10/15€21k€24k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€3k€5k▲
Amounts payable17/49€22k€17k▼
Amounts payable within one year42/48€22k€17k▼
Trade debts44-€562
Suppliers440/4-€562
Taxes, remuneration and social security45€4k€3k▼
Taxes450/3€3k€3k▼
Remuneration and social security454/9€550-
Other amounts payable47/48€18k€14k▼
Income statement
Code20242025
Other operating charges640/8€464€2k▲
Gross operating margin9900€6k€6k▼
Operating profit (loss)9901€6k€5k▼
Financial income75/76B-€261
Recurring financial income75-€261
Financial charges65/66B€2k€292▼
Recurring financial charges65€2k€292▼
Profit (loss) for the period before taxes9903€4k€5k▲
Income taxes67/77€502€2k▲
Profit (loss) for the period9904€4k€3k▼
Profit (loss) for the period to be appropriated9905€4k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€3k€5k▲
Profit (loss) brought forward from the previous period14P€-975€3k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 23 days late
2024
21-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 52 days late
2023
07-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 68 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Highest result since 2018net €5k ▲614%
Net result €5k, the highest in the series.
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 87 days late
2020
11-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 103 days late
2019
31-12
Financial
Weakest financial yearnet €54 ▼75.7%
Net result drops to €54, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Etterbeek · 1 establishment unit since 1997
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.
Generaal Lemanstraat 1431040 EtterbeekGround area
207 m²
Building footprint
207 m²
Volume, LiDAR
1,896 m³
Parcel 21005A0318/00G006, Brussels · tallest building 18.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
APON GENERAL STORE
since 19972.084.351.935
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21005A0318/00G006 | Brussels | 207 m² | 1 · 207 m² | 18.3 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEtterbeek2.084.351.935
Similar companies · same sector, comparable size
LE COMPTOIR DE SOPHIE
BE 0750.638.755
Manhay · Eq €24k
JOUMAR
BE 0811.843.082
Sint-Lambrechts-Woluwe · Eq €24k
SABZ
BE 0597.987.083
Sint-Gillis (bij-Brussel) · Eq €24k
SADAG SHIIQOW RIJDENDE WINKEL
BE 0567.820.875
Antwerpen · Eq €24k
ECO DRANK
BE 1005.343.731
Roeselare · Eq €24k
Of 10,525 companies in sector 47110 we hold annual accounts for 5,860. 4,275 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-11-1997
Fiscal year end31-12
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47112Retail trade
52112
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.