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Generated 07-08-2026
Active BE 0832.534.469Private limited company (pre-2019)Open bankruptcy

SAFNET

Steenweg op Mechelen 455 ·1950 Kraainem, Belgium· 15 yrs active
Sector: Specialised construction (43990)
Conclusion Checked

A bankruptcy procedure is open for SAFNET according to publications in the Belgian State Gazette. The 2022 annual accounts show equity of €86k and a net result of €64k.

Based on the State Gazette, CBE and 5 annual accounts.
Key figures
Equity €86k
Net result €64k
Better than sector 69%
Active 15 yrs
Snowflake analysis 5 axes · computed by Checked
Health41Profitability100Solvency95Growth85Stability0
64 / 100

Strong profile, led by profitability.

Health 41
Profitability 100
Solvency 95
Growth 85
Stability 0
Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based
50 / 100
High risk
Components
· Open bankruptcy (+50)
Trust signals 1 signals
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags 0 events
No administrative flags
Health barometer FY 2022 · computed
41 / 100 Weak
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 27-09-2024 with the NBB · fiscal year 2022 · micro
€-200k€0€200k€400k€600kOperating result 2018: €-171€-171Net result 2018: €-26k€-26kRevenue 2019: €135k€135kOperating result 2019: €23k€23kNet result 2019: €-3k€-3kRevenue 2020: €526k€526kOperating result 2020: €583€583Net result 2020: €-2k€-2kOperating result 2021: €21k€21kNet result 2021: €5k€5kOperating result 2022: €106k€106kNet result 2022: €64k€64k20182019202020212022
RevenueOperating resultNet result
Sector comparison
Fiscal year 2022 · NACE 43, Specialised construction · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 52.6% 36.4%
better than 69% of 6518 sector peers
Net result €64k €13k
better than 91% of 6503 sector peers
Equity €86k €26k
better than 84% of 6524 sector peers
Gross operating margin €212k €32k
better than 95% of 6497 sector peers
Staff costs €96k €26k
higher than 83% of 2480 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Revenue
€526k
+291.2% +33% vs sector
EBITDA
€115k
+246.9% +232% vs sector
Net profit
€64k
+1152.0% +250% vs sector
Cash flow
€72k
+309.7% +196% vs sector
Total assets
€163k
+3.7% -10% vs sector
Equity
€86k
+300.1% +4% vs sector
Working capital
€73k
+393.8% -2% vs sector
Employees (FTE)
1
- -64% vs sector
Staff costs
€96k
+319.2% -39% vs sector
Income taxes
€37k
+152.6% far above sector median
Debt
€77k
-43.0% -22% vs sector
Debt ≤ 1y
€77k
-43.0% +11% vs sector
Current ratio
1.95
+75.7% -6% vs sector
Quick ratio
1.95
+75.7% -6% vs sector
Solvency
52.6%
+285.7% +15% vs sector
Debt / equity
0.90
-85.8% -75% vs sector
ROE
75.0%
+213.0% +238% vs sector
ROA
39.4%
+1107.1% +230% vs sector
Net margin
-0.4%
+77.9% far below sector median
EBITDA margin
2.4%
-89.4% +12% vs sector
Interest coverage
15.29
-51.9% +62% vs sector
Figures by fiscal year
Fiscal year2022
Revenue-
EBITDA€115k
Net profit€64k
Cash flow€72k
Staff costs€96k
Income taxes€37k
Dividends-
Total assets€163k
Equity€86k
Debt€77k
of which ≤ 1y€77k
of which > 1y-
Working capital€73k
Employees (FTE)-
Ratios (computed)
2022
Current ratio1.95
Quick ratio1.95
Working capital ratio45.0%
Solvency52.6%
Debt / equity0.90
Long-term debt ratio-
Interest coverage15.29
Gross margin-
Net margin-
ROA39.4%
ROE75.0%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2022
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2022
Balance sheet, Assets
TOTAL ASSETS 20/58€163k
Fixed assets 21/28€12k
Tangible fixed assets 22/27€12k
Financial fixed assets 28€341
Current assets 29/58€150k
Amounts receivable within one year 40/41€57k
Cash & bank 54/58€91k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€163k
Equity 10/15€86k
Contributions / capital 10/11€19k
Accumulated profits (losses) 14€67k
Amounts payable 17/49€77k
Amounts payable within one year 42/48€77k
Trade debts payable within one year 44€27k
Income statement
Gross operating margin 9900€212k
Operating result 9901€106k
Financial income 75€2k
Financial charges 65€7k
Result before taxes 9903€101k
Income taxes 67/77€37k
Net result for the period 9904€64k
Result to be appropriated 9905€64k
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Ratios computed by Checked.
Directors & mandates1 person
Role Name Tenure Source
Curator THOMAS VANDENDRIES
STEENWEG OP SINT JORIS WINGE 21, 3200 AARSCHOT
 10-12-2024 → present Belgian State Gazette
Legal Structure
NACE primary Specialised construction(43990)
Legal form Private limited company (pre-2019)(015)
Incorporation05-01-2011
StatusActive
Postal code1950
First BS signal 16-12-2024
Latest BS signal 16-12-2024
Company structure, linked entities1 linked entities
SAFNETBE 0832.534.469THOMAS VANDENDRIESReceiver ↔ 192AIRLINE SUPPLY CH…CEBENAXVan den Notelaer,…
Mandates
↔ 1 of these mandate-holders are active on other cases, click any red card to open that KBO.
Establishment units 1 location
Onze Lieve Vrouwlaan 108, 1140 Evere
Bouwrijp maken van terreinen
since 20112.195.086.937
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

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.
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.
Updates 13 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2024
16-12-2024
Bankruptcy Opening
Ondernemingsrechtbank Brussel · SAFNET BV STEENWEG OP MECHELEN 455/1, 1950 KRAAINEM · event 10-12-2024
27-09-2024
NBB filing Annual accounts filed
fiscal year 2022 · micro
2023
23-10-2023
State Gazette act Capital & shares
21-08-2023
State Gazette act Capital & shares
2022
10-07-2022
NBB filing Annual accounts filed
fiscal year 2021 · verkort
2021
11-07-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
03-11-2020
NBB filing Annual accounts filed
fiscal year 2019 · micro
2019
27-11-2019
NBB filing Annual accounts filed
fiscal year 2018 · micro
2018
04-07-2018
NBB filing Annual accounts filed
fiscal year 2017 · volledig
2017
16-06-2017
NBB filing Annual accounts filed
fiscal year 2016 · volledig
2016
11-07-2016
NBB filing Annual accounts filed
fiscal year 2015 · volledig
2015
24-07-2015
NBB filing Annual accounts filed
fiscal year 2014 · volledig
2014
18-07-2014
NBB filing Annual accounts filed
fiscal year 2013 · volledig
Lifecycle & Insolvency Signals 1 events
16-12-2024
Bankruptcy Opening
Date: 10-12-2024 · Ondernemingsrechtbank Brussel · SAFNET BV STEENWEG OP MECHELEN 455/1, 1950 KRAAINEM · Publications in State Gazette ↗
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262024-12-16 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad, acts 2 acts
Capital history · 2
23-10-2023
Capital change
21-08-2023
Capital change
All acts · 2 updated 2 years ago
2023
23-10-2023 Restructuring of share classes Capital & shares
Technical details 
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21-08-2023 Restructuring of share classes Capital & shares
Technical details 
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Credit advice verdict per customer and amount

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Overige gespecialiseerde bouwactiviteiten, neg43990Overige gespecialiseerde bouwwerkzaamheden43999Elektrotechnische installatiewerken aan gebouwen43211Algemene elektrotechnische installatiewerken43211Loodgieterswerk43221Sanitaire werkzaamheden43221Installatie van isolatie43230Overige bouwinstallatie43240Isolatiewerkzaamheden43291Overige bouwinstallatie, n.e.g.43299Stukadoorswerk43310Stukadoorswerk43310Overige werkzaamheden in verband met de afwerking van gebouwen43350Overige werkzaamheden in verband met de afwerking van gebouwen43390Algemene reiniging van gebouwen81210Algemene reiniging van gebouwen81210Overige reiniging van gebouwen; industriële reiniging81220Overige reiniging van gebouwen; industriële reiniging81220Andere reinigingsactiviteiten81230Andere reinigingsactiviteiten81290
Primary activity highlighted.
Names & trade names
Legal nameFR SAFNET
Registered office
Steenweg op Mechelen 455 bus 1
1950 Kraainem, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative