SAFFRAN
Dissolution or liquidationSummary
The KBO register records for SAFFRAN the legal situation: dissolution or liquidation; this is today's state according to the register itself, which carries no start date. The 2023 annual accounts show equity of €185k and a net result of €10k.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 30-06-2023 was due by 31-01-2024 and was filed on 05-02-2024, 5 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
5 d late
2022
1 d early
2021
3 d early
2020
24 d early
2019
32 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Equity
€185k▲ 5.6%
2022 · €175k
2019: €152klowest in 5 years
2020: €161k▲ +6.0% vs 2019
2021: €167k▲ +3.9% vs 2020
2022: €175k▲ +4.7% vs 2021
2023: €185k▲ +5.6% vs 2022highest in 5 years
2019 → 2023
Total assets
€191k▲ 4.5%
2022 · €183k
2019: €168klowest in 5 years
2020: €177k▲ +5.4% vs 2019
2021: €178k▲ +0.6% vs 2020
2022: €183k▲ +2.6% vs 2021
2023: €191k▲ +4.5% vs 2022highest in 5 years
2019 → 2023
Net result
€10k▲ 24.3%
2022 · €8k
2019: €8k
2020: €9k▲ +15.9% vs 2019
2021: €6k▼ -30.6% vs 2020lowest in 5 years
2022: €8k▲ +24.7% vs 2021
2023: €10k▲ +24.3% vs 2022highest in 5 years
2019 → 2023
Working capital
€185k▲ 5.6%
2022 · €175k
2019: €151klowest in 5 years
2020: €160k▲ +6.0% vs 2019
2021: €167k▲ +4.3% vs 2020
2022: €175k▲ +4.7% vs 2021
2023: €185k▲ +5.6% vs 2022highest in 5 years
2019 → 2023
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€152k-€161k▲ 6.0%€167k▲ 3.9%€175k▲ 4.7%€185k▲ 5.6%
2019: €152klowest in 5 years
2020: €161k▲ +6.0% vs 2019
2021: €167k▲ +3.9% vs 2020
2022: €175k▲ +4.7% vs 2021
2023: €185k▲ +5.6% vs 2022highest in 5 years
Operating result€11k-€15k▲ 32.5%€11k▼ 25.6%€13k▲ 19.5%€15k▲ 11.8%
2019: €11k
2020: €15k▲ +32.5% vs 2019highest in 5 years
2021: €11k▼ -25.6% vs 2020lowest in 5 years
2022: €13k▲ +19.5% vs 2021
2023: €15k▲ +11.8% vs 2022
Net result€8k-€9k▲ 15.9%€6k▼ 30.6%€8k▲ 24.7%€10k▲ 24.3%
2019: €8k
2020: €9k▲ +15.9% vs 2019
2021: €6k▼ -30.6% vs 2020lowest in 5 years
2022: €8k▲ +24.7% vs 2021
2023: €10k▲ +24.3% vs 2022highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed two years in a row; 2023 is 12% above 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €191k
Fixed assets
€231 =
Current assets
€191k ▲ 4.5%
Equity and liabilities €191k
Equity
€185k ▲ 5.6%
Debt
€6k ▼ 21.4%
Debt's share of the balance-sheet total falls from 4.1% to 3.1%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
32.61▲
2022 · 24.53
Debt to equity
0.03▼
2022 · 0.04
ROE
5.3%▲
2022 · 4.5%
ROA
5.2%▲
2022 · 4.3%
Debt ≤ 1 year
€6k▼
2022 · €7k
Income taxes
€4k▲
2022 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 38 lines
Balance sheet
Code20222023
Assets
Total assets20/58€183k€191k▲
Fixed assets21/28€231€231=
Financial fixed assets28€231€231=
Current assets29/58€183k€191k▲
Amounts receivable after more than one year29€172k€175k▲
Other amounts receivable291€172k€175k▲
Amounts receivable within one year40/41€6k€1k▼
Trade receivables40€6k€319▼
Other amounts receivable41-€1k
Cash at bank and in hand54/58€4k€15k▲
Deferred charges and accrued income490/1€53-
Equity and liabilities
Total equity and liabilities10/49€183k€191k▲
Equity10/15€175k€185k▲
Contributions10/11€23k€23k=
Reserves13€10k€10k=
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Distributable reserves133€6k€6k=
Profit (loss) carried forward14€143k€153k▲
Amounts payable17/49€7k€6k▼
Amounts payable within one year42/48€7k€6k▼
Trade debts44€930€992▲
Suppliers440/4€930€992▲
Taxes, remuneration and social security45€7k€5k▼
Taxes450/3€7k€5k▼
Income statement
Code20222023
Other operating charges640/8€417€348▼
Gross operating margin9900€14k€15k▲
Operating profit (loss)9901€13k€15k▲
Financial income75/76B€0€41▲
Recurring financial income75€0€41▲
Financial charges65/66B€1k€615▼
Recurring financial charges65€1k€615▼
Profit (loss) for the period before taxes9903€12k€14k▲
Income taxes67/77€4k€4k▲
Profit (loss) for the period9904€8k€10k▲
Profit (loss) for the period to be appropriated9905€8k€10k▲
Appropriation of the result
Profit (loss) to be appropriated9906€143k€153k▲
Profit (loss) brought forward from the previous period14P€135k€143k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €556 | €556 | €556 | - | - | - |
| Other operating charges640/8 | - | - | - | €417 | €348 | ▼ 16.6% |
| Gross operating margin9900 | €12k | €17k | €12k | €14k | €15k | ▲ 11.0% |
| Operating profit (loss)9901 | €11k | €15k | €11k | €13k | €15k | ▲ 11.8% |
| Financial income75/76B | - | - | - | €0 | €41 | ▲ 207,100% |
| Recurring financial income75 | - | - | - | €0 | €41 | ▲ 207,100% |
| Financial charges65/66B | - | - | - | €1k | €615 | ▼ 48.5% |
| Recurring financial charges65 | €1k | €2k | €2k | €1k | €615 | ▼ 48.5% |
| Profit (loss) for the period before taxes9903 | €10k | €13k | €9k | €12k | €14k | ▲ 18.2% |
| Income taxes67/77 | €2k | €4k | €3k | €4k | €4k | ▲ 6.1% |
| Profit (loss) for the period9904 | €8k | €9k | €6k | €8k | €10k | ▲ 24.3% |
| Profit (loss) for the period to be appropriated9905 | €8k | €9k | €6k | €8k | €10k | ▲ 24.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €168k | €177k | €178k | €183k | €191k | ▲ 4.5% |
| Fixed assets21/28 | €1k | €787 | €231 | €231 | €231 | = |
| Tangible fixed assets22/27 | €1k | €556 | - | - | - | - |
| Financial fixed assets28 | €231 | €231 | €231 | €231 | €231 | = |
| Current assets29/58 | €167k | €176k | €178k | €183k | €191k | ▲ 4.5% |
| Amounts receivable after more than one year29 | - | - | - | €172k | €175k | ▲ 1.5% |
| Other amounts receivable291 | - | - | - | €172k | €175k | ▲ 1.5% |
| Amounts receivable within one year40/41 | €21k | €30k | €490 | €6k | €1k | ▼ 76.8% |
| Trade receivables40 | - | - | - | €6k | €319 | ▼ 94.8% |
| Other amounts receivable41 | - | - | - | - | €1k | - |
| Cash at bank and in hand54/58 | €5k | €7k | €4k | €4k | €15k | ▲ 244% |
| Deferred charges and accrued income490/1 | - | - | - | €53 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €168k | €177k | €178k | €183k | €191k | ▲ 4.5% |
| Equity10/15 | €152k | €161k | €167k | €175k | €185k | ▲ 5.6% |
| Contributions10/11 | €23k | €23k | - | €23k | €23k | = |
| Reserves13 | €10k | €10k | €10k | €10k | €10k | = |
| Non-distributable reserves130/1 | - | - | - | €3k | €3k | = |
| Reserves not available under the articles1311 | - | - | - | €3k | €3k | = |
| Distributable reserves133 | - | - | - | €6k | €6k | = |
| Profit (loss) carried forward14 | €120k | €129k | €135k | €143k | €153k | ▲ 6.9% |
| Amounts payable17/49 | €16k | €16k | €11k | €7k | €6k | ▼ 21.4% |
| Amounts payable within one year42/48 | €16k | €16k | €11k | €7k | €6k | ▼ 21.4% |
| Trade debts44 | €6k | €3k | €1k | €930 | €992 | ▲ 6.6% |
| Suppliers440/4 | - | - | - | €930 | €992 | ▲ 6.6% |
| Taxes, remuneration and social security45 | - | - | - | €7k | €5k | ▼ 25.4% |
| Taxes450/3 | - | - | - | €7k | €5k | ▼ 25.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8k | €9k | €6k | €8k | €10k | ▲ 24.3% |
| + Depreciation and write-downs630 | €556 | €556 | €556 | - | - | - |
| Operating cash flow (approximation) | €8k | €10k | €7k | €8k | €10k | ▲ 24.3% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €1k | €-3k | €152 | €10k | ▲ 6,734% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2024
05-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 5 days late
2023
30-06
Financial
Highest result since 2019net €10k ▲24.3%
Net result €10k, the highest in the series.
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Weakest financial yearnet €6k ▼30.6%
Net result drops to €6k, the lowest in the series.
07-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
30-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
28-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
07-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
26-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
21-03
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 50 days late
2015
28-02
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Elsene · 1 establishment unit since 2002
Ground area
3,523 m²
Building footprint
1,361 m²
Volume, LiDAR
89,309 m³
2 parcels, Brussels, Wallonia · tallest building 106.8 m, ±30 floors. Linked by address, not a title deed.
268
companies at this address
See who is registered here
1 establishment unit
Rue Buisson-Saint-Guibert 13, 5030 Gembloux
since 20022.112.297.932
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21822R0227/00V003 | Brussels | 2,791 m² | 1 · 1,235 m² | 106.8 m · 30 fl. |
| 92053A0205/00E007 | Wallonia | 732 m² | 1 · 127 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded19-12-1990
Fiscal year end30-06
Scores and ratios are computed by Checked and are not a credit decision.