Saffier
ActiveSummary
Saffier has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18,586 and a net result of €7,137. Equity is growing by about 118% per year across the filed financial years. Its solvency ranks better than 71% of 17,093 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
- Equity
- €18,586
- Profit
- €7,137
Why 93raises riskSize: total assets €32,289lowers riskSector: Real estate activities (NACE 68)Liquidity: current ratio 2.04, cash €12,682Equity €18,586 (57.6% of total assets)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 68, micro): better than 70% on solvency, 87% on liquidity, 89% on profitability and 88% on growth.
The bankruptcy probability was computed on 30-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 3 accounts on average 2 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Back to profitnet €19,877
Financials · financial year 2025, micro format
2023 to 2025, 3 financial years
The operating result falls in 2025; 2025 is 53% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.9% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 39,278 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,786 | €4,122 | €4,179 | ▲ 1.4% |
| Other operating charges640/8 | €436 | €619 | €747 | ▲ 20.6% |
| Gross operating margin9900 | -€8,307 | €26,663 | €15,271 | ▼ 42.7% |
| Operating profit (loss)9901 | -€12,529 | €21,921 | €10,345 | ▼ 52.8% |
| Financial income75/76B | €127 | €167 | €66 | ▼ 60.7% |
| Recurring financial income75 | €127 | €167 | €66 | ▼ 60.7% |
| Financial charges65/66B | €27 | €138 | €643 | ▲ 367% |
| Recurring financial charges65 | €27 | €138 | €643 | ▲ 367% |
| Profit (loss) for the period before taxes9903 | -€12,429 | €21,951 | €9,767 | ▼ 55.5% |
| Income taxes67/77 | - | €2,073 | €2,630 | ▲ 26.8% |
| Profit (loss) for the period9904 | -€12,429 | €19,877 | €7,137 | ▼ 64.1% |
| Profit (loss) for the period to be appropriated9905 | -€12,429 | €19,877 | €7,137 | ▼ 64.1% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €41,169 | €34,151 | €32,289 | ▼ 5.5% |
| Fixed assets21/28 | €12,622 | €9,362 | €7,058 | ▼ 24.6% |
| Tangible fixed assets22/27 | €12,622 | €9,362 | €5,183 | ▼ 44.6% |
| Furniture and vehicles24 | €7,584 | €5,469 | €2,434 | ▼ 55.5% |
| Other tangible fixed assets26 | €5,038 | €3,894 | €2,750 | ▼ 29.4% |
| Financial fixed assets28 | - | - | €1,875 | - |
| Current assets29/58 | €28,547 | €24,788 | €25,231 | ▲ 1.8% |
| Amounts receivable within one year40/41 | €13,662 | €6,390 | €10,528 | ▲ 64.8% |
| Trade receivables40 | €5,026 | €0 | €2,609 | - |
| Other amounts receivable41 | €8,636 | €6,390 | €7,919 | ▲ 23.9% |
| Cash at bank and in hand54/58 | €7,884 | €18,355 | €12,682 | ▼ 30.9% |
| Deferred charges and accrued income490/1 | €7,000 | €43 | €2,021 | ▲ 47× |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €41,169 | €34,151 | €32,289 | ▼ 5.5% |
| Equity10/15 | -€8,429 | €11,448 | €18,586 | ▲ 62.3% |
| Contributions10/11 | €4,000 | €4,000 | €4,000 | = |
| Reserves13 | - | €7,448 | €14,586 | ▲ 95.8% |
| Distributable reserves133 | - | €7,448 | €14,586 | ▲ 95.8% |
| Profit (loss) carried forward14 | -€12,429 | €0 | - | - |
| Amounts payable17/49 | €49,598 | €22,703 | €13,703 | ▼ 39.6% |
| Amounts payable within one year42/48 | €48,698 | €21,803 | €12,354 | ▼ 43.3% |
| Trade debts44 | €19,517 | €1,994 | €5,761 | ▲ 189% |
| Suppliers440/4 | €19,517 | €1,994 | €5,761 | ▲ 189% |
| Advances received on contracts in progress46 | €7,772 | €0 | - | - |
| Taxes, remuneration and social security45 | €149 | €7,181 | €6,593 | ▼ 8.2% |
| Taxes450/3 | €149 | €6,181 | €6,563 | ▲ 6.2% |
| Remuneration and social security454/9 | - | €1,000 | €30 | ▼ 97.0% |
| Other amounts payable47/48 | €21,260 | €12,628 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | €900 | €900 | €1,350 | ▲ 49.9% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€12,429 | €19,877 | €7,137 | ▼ 64.1% |
| + Depreciation and write-downs630 | €3,786 | €4,122 | €4,179 | ▲ 1.4% |
| Operating cash flow (approximation) | -€8,643 | €23,999 | €11,316 | ▼ 52.8% |
| Investment in fixed assets (approximation) | - | -€862 | -€1,875 | ▼ 118% |
| Change in cash | - | €10,471 | -€5,673 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | micro format | 27-01-2026 | 2026-00014963 |
| 30-06-2024 | micro format | 28-01-2025 | 2025-00012604 |
| 30-06-2023 | micro format | 31-01-2024 | 2024-00017594 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · €2,443 awarded · €2,442 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €553 | €553 |
| 2024 | 1 | €185 | €185 |
| 2023 | 1 | €812 | €975 |
| 2022 | 1 | €893 | €729 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| LESENNE Frank Noël |
|
| VANGAEVER An Lieve |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
29-07
Gazette deed
IncorporationAppointments: VANGAEVER An Lieve (director) and LESENNE Frank Noël (director) · Founder · Founding capital7 facts ▸
- Incorporation, “Saffier” (deed in Dutch)
- Founder, LESENNE Frank Noël
- Founder, VANGAEVER An Lieve
- Founding capital, €4,000
- Board rule, 2
- Director appointment, VANGAEVER An Lieve (director (not named in the articles))
- Director appointment, LESENNE Frank Noël (director (not named in the articles))
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
2 establishment units
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 36007C0056/00B005 | Flanders | 551 m² | 1 · 1,863 m² | - |
| 34023B0393/00X003 | Flanders | 367 m² | 1 · 44 m² | 11.9 m · 1 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “De bemiddeling bij aankoop,verkoop en verhuur van onroerende goederen; Het schatten en evalueren van onroerende goederen; Het beheer van…” (deed in Dutch)
14 activities (deed in Dutch)
- De bemiddeling bij aankoop,verkoop en verhuur van onroerende goederen;
- Het schatten en evalueren van onroerende goederen;
- Het beheer van onroerende goederen voor rekening van derden,beheer van residentiële en niet-residentiële gebouwen door het verlenen in opdracht van de eigenaar of mede-eigenaars,van alle diensten die noodzakelijk zijn voor het behoorlijk functioneren van de gebouwen waarvan het beheer wordt waargenomen;
- Het waarnemen van bestuursopdrachten en –mandaten,het uitoefenen van opdrachten en functies,het optreden als vereffenaar;
- Het verwerven van participaties,in eender welke vorm,in alle bestaande of op te richten rechtspersonen of ondernemingen;het stimuleren,plannen en coördineren van de ontwikkeling van voormelde rechtspersonen of ondernemingen;
- Alle mogelijke advies- en/of dienstenfuncties op het vlak van: consultancy,technische expertise,aannemingen,organisatie,marketing,verkoop,juridische dienstverlening,promotie,bedrijfsbeleid,organisatie,commercieel- en financieel beleid,outsourcing,administratie,vertegenwoordiging,telecommunicatie,onderhandeling van contracten en projectbegeleiding;
- Elke dienstverlening op het gebied van management,het beheer en het bestuur van en alle adviesverlening aan bedrijven,personen en vennootschappen;
- De aan- en verkoop,evenals de in- en uitvoer,commissiehandel en vertegenwoordiging van om het even welke goederen;
- Fotografie;
- Onderneming in onroerende goederen,meer bepaald,projectontwikkeling,het verwerven,vervreemden,ruilen,bouwen,verbouwen,herbouwen,afbreken,veranderen,uitbaten,beleggen in,beheren,huren,verhuren,renoveren,herbestemmen,verkavelen,productief maken,van alle types onroerende goederen voor eigen rekening,voor rekening van derden of in onderlinge samenwerking met derden;
- Het aanleggen,het oordeelkundig uitbouwen en beheren van een eigen onroerend vermogen;alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten (vruchtgebruik,recht van opstal,erfpacht),zoals de huurfinanciering van onroerend goederen aan derden,het aankopen,verkopen,ruilen,bouwen,verbouwen,onderhouden,verhuren,huren,verkavelen,prospecteren en uitbaten van onroerende goederen,het ontwerpen en opvolgen van projecten,en het maken van studies met betrekking tot immobiliën;de aan- en verkoop,huur en verhuur van roerende goederen betreffende de inrichting en uitrusting van onroerende goederen,alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit doel in verband staan en die van aard zijn de opbrengst van de onroerende en roerende goederen te bevorderen;
- Zich borg stellen voor het goede verloop van verbintenissen,door derde personen aangegaan,die het genot zouden hebben van voormelde roerende en onroerende goederen;
- Het aanleggen,het oordeelkundig uitbouwen en beheren van een eigen roerend vermogen;alle verrichtingen met betrekking tot roerende goederen en rechten,van welke aard ook,zoals het verwerven door inschrijving of aankoop,het beheren van aandelen,aandelenopties,obligaties,kasbons,afgeleide producten of andere roerende waarden,van welke vorm ook,uitgegeven door Belgische of buitenlandse emittenten;
- Het toestaan van leningen en kredietopeningen aan rechtspersonen en ondernemingen of particulieren,in eender welke vorm;het zich borg stellen of aval verlenen,in de meest ruime zin;alle handelsoperaties en financiële operaties verrichten,behalve deze die wettelijk voorbehouden zijn aan depositobanken,houders van deposito’s op korte termijn,spaarkassen,hypotheekmaatschappijen en kapitalisatieondernemingen.
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Pieter Deconinckstraat 5,8770 Ingelmunster” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Iedere bestuurder vertegenwoordigt de vennootschap jegens derden en in rechte als eiser of als verweerder. In geval er meer dan één…”
- Board ruleHow the board is made up, meets and takes decisions.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Friday of December at 18:00