SAFICO
ActiveSAFICO has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €58k and a net result of €-4k. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 34% of 1887 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-4
Solvency36▼-14
Growth32▼-20
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
Liquidity short (current ratio 0.43 against 0.61 in 2024), and 69.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
30.1%
Return on assets
-2.3%
Age of the figures
14 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 08-01-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
25 d early
2023
19 d early
2022
6 d early
2021
5 d early
2020
43 d early
2019
44 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close14-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€58k▼ 7.2%
2024 · €63k
2019: €60k
2020: €60k
2021: €57k
2022: €59k
2023: €62k
2024: €63k
2019 → 2025
Total assets
€193k▲ 16.0%
2024 · €167k
2019: €184k
2020: €174k
2021: €173k
2022: €148k
2023: €150k
2024: €167k
2019 → 2025
Net result
€-4k
2024 · €484
2019: €10k
2020: €-607
2021: €-2k
2022: €2k
2023: €3k
2024: €484
2019 → 2025
Working capital
€-54k▼ 65.5%
2024 · €-33k
2019: €-30k
2020: €-21k
2021: €-55k
2022: €-59k
2023: €-45k
2024: €-33k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€57k-€59k▲ 2.8%€62k▲ 5.5%€63k▲ 0.8%€58k▼ 7.2%
Operating result€3k-€6k▲ 135%€8k▲ 35.7%€6k▼ 31.5%€76▼ 98.7%
Net result€-2k-€2k€3k▲ 100%€484▼ 85.1%€-4k
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 99% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €193k
Fixed assets
€152k▲ 31.6%
Current assets
€41k▼ 19.6%
Equity and liabilities €193k
Equity
€58k▼ 7.2%
Debt
€135k▲ 29.9%
The debt ratio rises from 62.4% to 69.9%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€13k▼
2024 · €17k
Cash flow
€8k▼
2024 · €12k
Solvency
30.1%▼
2024 · 37.6%
Current ratio
0.43▼
2024 · 0.61
Quick ratio
0.22▼
2024 · 0.47
Debt / equity
2.32▲
2024 · 1.66
ROE
-7.7%▼
2024 · 0.8%
ROA
-2.3%▼
2024 · 0.3%
Interest coverage
2.88▼
2024 · 5.38
Debt
€135k▲
2024 · €104k
Debt ≤ 1 year
€95k▲
2024 · €84k
Debt > 1 year
€38k▲
2024 · €20k
Income taxes
€914▼
2024 · €2k
Staff costs
€267
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€167k€193k▲
Fixed assets21/28€116k€152k▲
Tangible fixed assets22/27€116k€152k▲
Land and buildings22€103k€107k▲
Plant, machinery and equipment23€7k€4k▼
Furniture and vehicles24€6k€41k▲
Financial fixed assets28€135€135=
Current assets29/58€51k€41k▼
Stocks and contracts in progress3€12k€20k▲
Stocks30/36€5k€5k▲
Contracts in progress37€7k€15k▲
Amounts receivable within one year40/41€29k€15k▼
Trade receivables40€22k€118▼
Other amounts receivable41€6k€15k▲
Cash at bank and in hand54/58€501€875▲
Deferred charges and accrued income490/1€10k€5k▼
Equity and liabilities
Total equity and liabilities10/49€167k€193k▲
Equity10/15€63k€58k▼
Contributions10/11€20k€20k=
Reserves13€16k€16k=
Tax-exempt reserves132€9k€9k=
Distributable reserves133€7k€7k=
Profit (loss) carried forward14€27k€22k▼
Amounts payable17/49€104k€135k▲
Amounts payable after more than one year17€20k€38k▲
Financial debts170/4€20k€38k▲
Amounts payable within one year42/48€84k€95k▲
Current portion of amounts payable after more than one year42€8k€11k▲
Financial debts43€21k€18k▼
Credit institutions430/8€21k€18k▼
Trade debts44€20k€24k▲
Suppliers440/4€20k€24k▲
Taxes, remuneration and social security45€2k€914▼
Taxes450/3€2k€914▼
Other amounts payable47/48€34k€41k▲
Accrued charges and deferred income492/3-€2k
Income statement
Code20242025
Remuneration, social security and pensions62-€267
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€13k▲
Other operating charges640/8€3k€4k▲
Gross operating margin9900€20k€17k▼
Operating profit (loss)9901€6k€76▼
Financial income75/76B€20€789▲
Recurring financial income75€20€789▲
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€3k€-4k▼
Income taxes67/77€2k€914▼
Profit (loss) for the period9904€484€-4k▼
Profit (loss) for the period to be appropriated9905€484€-4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€27k€22k▼
Profit (loss) brought forward from the previous period14P€27k€27k=
Transfer to equity691/2€484-
To other reserves6921€484-
The notes to these accounts (7 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
08-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet €-4k ▼1029%
Net result drops to €-4k, the lowest in the series.
06-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
25-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
26-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
19-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
18-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
19-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
13-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
24-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Zulte · 1 establishment unit since 2002
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.
Knokstraat 199870 ZulteGround area
735 m²
Building footprint
201 m²
Volume, LiDAR
1,130 m³
Parcel 44081B0607/00L004, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Knokstraat 19, 9870 Zulte
since 20022.096.133.871
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44081B0607/00L004 | Flanders | 734 m² | 1 · 201 m² | 9.6 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.
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 114 EUR awarded · 114 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 0 EUR | 114 EUR |
| 2022 | 1 | 114 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 3,964 companies in sector 25110 we hold annual accounts for 2,133. 1,456 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-04-2002
Fiscal year end30-06
Activities, NACEBEL
25110Manufacture of metal structures and parts of structures
28110
25120Manufacture of fabricated metal products, except machinery and equipment
28120
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.