SAFFER
ActiveSummary
SAFFER has been active since 1999 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €639,603 and a net result of €40,500. Equity has been growing by about 6.3% per year since 2018. Its solvency ranks better than 95% of 8,792 sector peers (NACE 73, financial year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 23-12-1999 Normal situation
- Activity
- Public relations and communication consultancy NACE 73300
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.0%
- Gross margin
- €61,847
- ▲ 18.8%
- Turnover
- ≈ €130,000
- estimated
- Profit
- €40,500
- ▲ 42.1%
- Equity
- €639,603
- ▲ 6.8%
- Total assets
- €663,213
- ▲ 4.1%
- 2025 accounts not filed, 95 days past the deadline
Score breakdownraises riskCapped at 59: a confirmed filing findingFigures for financial year 2024 (filed on 03-10-2025)1 financial year not filed after the legal deadline; last filed accounts filed 60 days late; 3 of the last 3 accounts latelowers riskEquity €639,603 (96.4% of total assets)Founded in 1999Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 73, micro). It does better than 87% of them on solvency, 47% on liquidity, 30% on profitability and 56% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 6 accounts on average 92 days after the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (1)
Financials
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 4 November 2026.
Annual accounts 2024 filed on 29-09-2025 PDF all 24 filings
Every figure per financial year
The operating result for 2024 is 37% higher than in 2023. It is a recovery after the fall in 2023.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Subsidies and aid
Flemish government
2023 to 2024 · 2 entries · €60 awarded · €60 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €0 | €60 |
| 2023 | 1 | €60 | €0 |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,000 | €6,000 | €6,519 | €6,519 | €6,519 | €6,519 | - | - |
| Other operating charges640/8 | - | - | - | €574 | €960 | €804 | €475 | ▼ 40.9% |
| Gross operating margin9900 | €79,434 | €89,135 | €75,652 | €46,802 | €56,789 | €52,056 | €61,847 | ▲ 18.8% |
| Operating profit (loss)9901 | €72,282 | €82,299 | €63,611 | €39,708 | €49,310 | €44,732 | €61,371 | ▲ 37.2% |
| Financial income75/76B | - | - | - | - | - | €221 | €388 | ▲ 75.4% |
| Recurring financial income75 | - | €226 | €35 | - | - | €221 | €388 | ▲ 75.4% |
| Financial charges65/66B | - | - | - | €157 | €224 | €346 | €418 | ▲ 20.7% |
| Recurring financial charges65 | €319 | €367 | €217 | €157 | €224 | €346 | €418 | ▲ 20.7% |
| Profit (loss) for the period before taxes9903 | €71,963 | €82,158 | €63,430 | €39,551 | €49,085 | €44,607 | €61,342 | ▲ 37.5% |
| Income taxes67/77 | €21,363 | €26,158 | €19,930 | €14,051 | €16,385 | €16,107 | €20,842 | ▲ 29.4% |
| Profit (loss) for the period9904 | €50,600 | €56,000 | €43,500 | €25,500 | €32,700 | €28,500 | €40,500 | ▲ 42.1% |
| Profit (loss) for the period to be appropriated9905 | €50,600 | €56,000 | €43,500 | €25,500 | €32,700 | €28,500 | €40,500 | ▲ 42.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €438,252 | €482,751 | €533,831 | €568,107 | €603,461 | €637,033 | €663,213 | ▲ 4.1% |
| Fixed assets21/28 | €18,000 | €12,000 | €26,074 | €19,555 | €13,036 | €6,517 | - | - |
| Tangible fixed assets22/27 | €18,000 | €12,000 | €26,074 | €19,555 | €13,036 | €6,517 | - | - |
| Furniture and vehicles24 | - | - | - | €19,555 | €13,036 | €6,517 | - | - |
| Current assets29/58 | €420,252 | €470,751 | €507,757 | €548,552 | €590,425 | €630,516 | €663,213 | ▲ 5.2% |
| Amounts receivable within one year40/41 | €306,498 | €345,246 | €402,599 | €448,695 | €481,510 | €494,307 | €566,006 | ▲ 14.5% |
| Trade receivables40 | - | - | - | €1,162 | - | - | - | - |
| Other amounts receivable41 | - | - | - | €447,533 | €481,510 | €494,307 | €566,006 | ▲ 14.5% |
| Current investments50/53 | €67,000 | €67,192 | €67,222 | €67,222 | €47,223 | €67,378 | €67,649 | ▲ 0.4% |
| Cash at bank and in hand54/58 | €46,753 | €58,313 | €37,936 | €32,635 | €61,692 | €68,832 | €29,558 | ▼ 57.1% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €438,252 | €482,751 | €533,831 | €568,107 | €603,461 | €637,033 | €663,213 | ▲ 4.1% |
| Equity10/15 | €412,903 | €468,903 | €512,403 | €537,903 | €570,603 | €599,103 | €639,603 | ▲ 6.8% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | - | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Issued capital100 | - | - | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Uncalled capital101 | - | - | - | €13,800 | €13,800 | €13,800 | €13,800 | = |
| Reserves13 | €392,700 | €448,700 | €492,200 | €517,700 | €550,400 | €578,900 | €619,400 | ▲ 7.0% |
| Non-distributable reserves130/1 | - | - | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Legal reserve130 | - | - | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Distributable reserves133 | - | - | - | €515,700 | €548,400 | €576,900 | €617,400 | ▲ 7.0% |
| Profit (loss) carried forward14 | €14,003 | €14,003 | €14,003 | €14,003 | €14,003 | €14,003 | €14,003 | = |
| Amounts payable17/49 | €25,349 | €13,848 | €21,428 | €30,204 | €32,858 | €37,930 | €23,610 | ▼ 37.8% |
| Amounts payable within one year42/48 | €25,349 | €13,848 | €21,428 | €30,204 | €32,858 | €37,930 | €23,610 | ▼ 37.8% |
| Taxes, remuneration and social security45 | - | - | - | €30,204 | €32,858 | €37,930 | €23,610 | ▼ 37.8% |
| Taxes450/3 | - | - | - | €30,204 | €32,858 | €37,930 | €23,610 | ▼ 37.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €50,600 | €56,000 | €43,500 | €25,500 | €32,700 | €28,500 | €40,500 | ▲ 42.1% |
| + Depreciation and write-downs630 | €6,000 | €6,000 | €6,519 | €6,519 | €6,519 | €6,519 | - | - |
| Operating cash flow (approximation) | €56,600 | €62,000 | €50,019 | €32,019 | €39,219 | €35,019 | €40,500 | ▲ 15.7% |
| Investment in fixed assets (approximation) | - | €0 | -€20,593 | €0 | €0 | €0 | - | - |
| Change in cash | - | €11,560 | -€20,377 | -€5,301 | €29,057 | €7,140 | -€39,274 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 20,136 companies had the same profile as SAFFER has now. Two years later, 95.0% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
The bankruptcy probability of SAFFER itself is higher: 1.0% within 12 months. It rests on far more data about SAFFER than the profile alone.
Test of the method
The method was tested on the 497,446 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 20,136 companies, not a prediction for SAFFER. 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.
Latest 10 of 24 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 29-09-2025 | 2025-00529200 | |
| 31-12-2023 | abbreviated format | 07-10-2024 | 2024-00500447 | |
| 31-12-2022 | abbreviated format | 23-10-2023 | 2023-00491233 | |
| 31-12-2021 | abbreviated format | 29-11-2022 | 2022-20527344 | |
| 31-12-2020 | abbreviated format | 09-11-2021 | 2021-77200146 | |
| 31-12-2019 | abbreviated format | 27-11-2020 | 2020-72800309 | |
| 31-12-2018 | abbreviated format | 30-09-2019 | 2019-67500311 | |
| 31-12-2017 | abbreviated format | 16-09-2018 | 2018-63100492 | |
| 31-12-2016 | abbreviated format | 27-09-2017 | 2017-63300365 | |
| 31-12-2015 | abbreviated format | 16-09-2016 | 2016-60100275 |
Board & ownership
Directors
Owners and capital
Owners
Network & group
SAFFER shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of SAFFER. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23020D0076/00B002 | Flanders | 310 m² | 1 · 80 m² | 10.2 m · 2 |