SAFNET
Open bankruptcyA bankruptcy procedure is open for SAFNET according to publications in the Belgian State Gazette; curator: THOMAS VANDENDRIES.
Summary
The 2022 annual accounts show equity of €86k and a net result of €64k.
Signals
Two signals.
+raises risk
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Turnover
€526k▲ 291%
2019 · €135k
2019: €135k
2019 → 2020
EBIT margin
0.1%▼ 16.8pp
2019 · 16.9%
2019: 16.9%
2019 → 2020
Net result
€64k▲ 1,152%
2021 · €5k
2018: €-885
2019: €23k
2020: €371
2021: €5k
2018 → 2022
Working capital
€73k▲ 394%
2021 · €15k
2018: €-8k
2019: €607
2020: €-3k
2021: €15k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Turnover€135k€526k▲ 291%
Equity€-7k-€16k€16k▲ 2.3%€21k▲ 31.5%€86k▲ 300%
Operating result€-171-€23k€583▼ 97.4%€21k▲ 3,418%€106k▲ 419%
Net result€-885-€23k€371▼ 98.4%€5k▲ 1,281%€64k▲ 1,152%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2020 the operating result has climbed two years in a row; 2022 is 419% above 2021 and is the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €163k
Fixed assets
€12k ▲ 87.3%
Current assets
€150k ▲ 0.1%
Equity and liabilities €163k
Equity
€86k ▲ 300%
Debt
€77k ▼ 43.0%
Debt's share of the balance-sheet total falls from 86.4% to 47.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€115k▲
2021 · €33k
Cash flow
€72k▲
2021 · €18k
Current ratio
1.95▲
2021 · 1.11
Debt to equity
0.90▼
2021 · 6.34
ROE
75.0%▲
2021 · 24.0%
ROA
39.4%▲
2021 · 3.3%
Interest coverage
15.29▼
2021 · 31.76
Debt ≤ 1 year
€77k▼
2021 · €135k
Income taxes
€37k▲
2021 · €15k
Staff costs
€96k▲
2021 · €23k
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 · 2022 against 2021 · 42 lines
Balance sheet
Code20212022
Assets
Total assets20/58€157k€163k▲
Fixed assets21/28€7k€12k▲
Tangible fixed assets22/27€6k€12k▲
Plant, machinery and equipment23€5k€8k▲
Furniture and vehicles24€1k€4k▲
Financial fixed assets28€341€341=
Current assets29/58€150k€150k▲
Amounts receivable within one year40/41€100k€57k▼
Trade receivables40€96k€33k▼
Other amounts receivable41€5k€24k▲
Cash at bank and in hand54/58€49k€91k▲
Deferred charges and accrued income490/1€425€3k▲
Equity and liabilities
Total equity and liabilities10/49€157k€163k▲
Equity10/15€21k€86k▲
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Other1109/19€19k€19k=
Profit (loss) carried forward14€3k€67k▲
Amounts payable17/49€135k€77k▼
Amounts payable within one year42/48€135k€77k▼
Trade debts44€118k€27k▼
Suppliers440/4€118k€27k▼
Advances received on contracts in progress46-€7k
Taxes, remuneration and social security45€15k€43k▲
Taxes450/3€7k€28k▲
Remuneration and social security454/9€8k€15k▲
Other amounts payable47/48€2k-
Income statement
Code20212022
Remuneration, social security and pensions62€23k€96k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€8k▼
Other operating charges640/8€4k€1k▼
Gross operating margin9900€60k€212k▲
Operating profit (loss)9901€21k€106k▲
Financial income75/76B€351€2k▲
Recurring financial income75€351€2k▲
Financial charges65/66B€1k€7k▲
Recurring financial charges65€1k€7k▲
Profit (loss) for the period before taxes9903€20k€101k▲
Income taxes67/77€15k€37k▲
Profit (loss) for the period9904€5k€64k▲
Profit (loss) for the period to be appropriated9905€5k€64k▲
Appropriation of the result
Profit (loss) to be appropriated9906€3k€67k▲
Profit (loss) brought forward from the previous period14P€-2k€3k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
16-12
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · SAFNET BV STEENWEG OP MECHELEN 455/1, 1950 KRAAINEM · event 10-12-2024
27-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 424 days late
2022
31-12
Financial
Highest result since 2018net €64k ▲1152%
Operating result €106k, net result €64k, both a record.
10-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
11-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
03-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 95 days late
2019
31-12
Financial
Back to profitnet €23k
Net result €23k after one loss-making year.
31-12
Financial
Liquidity times 18current ratio 1.03
Current ratio from 0.06 to 1.03.
27-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 119 days late
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
16-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
11-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
24-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
18-07
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Kraainem · 1 establishment unit since 2011
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.
Steenweg op Mechelen 4551950 KraainemGround area
1.1 ha
Building footprint
963 m²
Volume, LiDAR
35,308 m³
2 parcels, Brussels, Flanders · tallest building 42.8 m, ±14 floors. Linked by address, not a title deed.
1 establishment unit
Onze Lieve Vrouwlaan 108, 1140 Evere
since 20112.195.086.937
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22002C0073/00N009 | Flanders | 1.1 ha | 1 · 865 m² | 42.8 m · 14 fl. |
| 21372D0187/00P011 | Brussels | 195 m² | 1 · 98 m² | 17.8 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | THOMAS VANDENDRIES STEENWEG OP SINT JORIS
WINGE 21, 3200 AARSCHOT |
10-12-2024 → present |
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 6,253 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded05-01-2011
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
43211General electrical installation work
43221Plumbing work
43230Insulation installation
43240Other construction installation
43310Plastering work
43350Other building finishing work
81210General cleaning of buildings
81220Other building cleaning and industrial cleaning
81230Other cleaning activities
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.