SAFRAMAN
ActiveSAFRAMAN has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €199k and a net result of €-32k. Equity is growing by ~18.5% per year across the filed fiscal years. Its solvency ranks better than 40% of 411 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability62▼-14
Solvency58▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity short (current ratio 0.94 against 1.01 in 2023; short-term debt: 40.3% and cash: 0% of total assets), and 67.4% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 02
Relative position
BE, all sectors
reference
Sector 02
lower
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
32.6%
Return on assets
-5.3%
Age of the figures
21 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-09-2025, 40 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 confirmed
2024
40 d late
2023
196 d late
2022
31 d late
2021
75 d late
2020
30 d late
2019
35 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€199k▼ 13.9%
2023 · €231k
2018: €-55k
2019: €86k
2020: €159k
2021: €173k
2022: €182k
2023: €231k
2018 → 2024
Total assets
€610k▼ 30.8%
2023 · €881k
2018: €433k
2019: €422k
2020: €497k
2021: €545k
2022: €966k
2023: €881k
2018 → 2024
Net result
€-32k
2023 · €49k
2018: €-61k
2019: €141k
2020: €73k
2021: €14k
2022: €10k
2023: €49k
2018 → 2024
Working capital
€-16k
2023 · €4k
2018: €-204k
2019: €-53k
2020: €27k
2021: €-4k
2022: €-79k
2023: €4k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€159k-€173k▲ 8.5%€182k▲ 5.5%€231k▲ 26.7%€199k▼ 13.9%
Operating result€113k-€34k▼ 69.8%€25k▼ 25.3%€88k▲ 246%€-32k
Net result€73k-€14k▼ 81.4%€10k▼ 29.8%€49k▲ 410%€-32k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €32k after €88k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €610k
Fixed assets
€380k▼ 13.4%
Current assets
€230k▼ 48.0%
Equity and liabilities €610k
Equity
€199k▼ 13.9%
Debt
€411k▼ 36.7%
The debt ratio falls from 73.8% to 67.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€27k▼
2023 · €147k
Cash flow
€27k▼
2023 · €108k
Solvency
32.6%▲
2023 · 26.2%
Current ratio
0.94▼
2023 · 1.01
Quick ratio
0.05▼
2023 · 0.51
Debt / equity
2.07▼
2023 · 2.81
ROE
-16.2%▼
2023 · 21.0%
ROA
-5.3%▼
2023 · 5.5%
Interest coverage
1879.71▲
2023 · 9.10
Debt
€411k▼
2023 · €650k
Debt ≤ 1 year
€246k▼
2023 · €438k
Debt > 1 year
€165k▼
2023 · €212k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€881k€610k▼
Fixed assets21/28€439k€380k▼
Tangible fixed assets22/27€433k€374k▼
Land and buildings22€253k€244k▼
Plant, machinery and equipment23€12k€9k▼
Furniture and vehicles24€28k€17k▼
Leasing and similar rights25€139k€104k▼
Financial fixed assets28€6k€6k=
Current assets29/58€442k€230k▼
Stocks and contracts in progress3€217k€217k=
Stocks30/36€217k€217k=
Amounts receivable within one year40/41€221k€11k▼
Trade receivables40€215k€9k▼
Other amounts receivable41€7k€1k▼
Cash at bank and in hand54/58€3k€10▼
Deferred charges and accrued income490/1€558€2k▲
Equity and liabilities
Total equity and liabilities10/49€881k€610k▼
Equity10/15€231k€199k▼
Contributions10/11€110k€110k=
Profit (loss) carried forward14€121k€89k▼
Amounts payable17/49€650k€411k▼
Amounts payable after more than one year17€212k€165k▼
Financial debts170/4€212k€165k▼
Amounts payable within one year42/48€438k€246k▼
Current portion of amounts payable after more than one year42€31k€27k▼
Financial debts43€111k€117k▲
Credit institutions430/8€111k€117k▲
Trade debts44€84k€41k▼
Suppliers440/4€84k€41k▼
Taxes, remuneration and social security45€35k€40k▲
Taxes450/3€35k€40k▲
Other amounts payable47/48€176k€20k▼
Income statement
Code20232024
Goods, raw materials, services and sundry goods60/61€251k€184k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€59k€59k▼
Other operating charges640/8€3k€2k▼
Gross operating margin9900€151k€29k▼
Operating profit (loss)9901€88k€-32k▼
Financial charges65/66B€16k€14▼
Recurring financial charges65€16k€14▼
Profit (loss) for the period before taxes9903€72k€-32k▼
Income taxes67/77€23k-
Profit (loss) for the period9904€49k€-32k▼
Profit (loss) for the period to be appropriated9905€49k€-32k▼
Appropriation of the result
Profit (loss) to be appropriated9906€121k€89k▼
Profit (loss) brought forward from the previous period14P€72k€121k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
09-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 40 days late
12-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 196 days late
2023
31-12
Financial
Equity above €200kEq €231k ▲26.7%
5 profitable years in a row build equity to €231k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 75 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Equity above €150kEq €159k ▲84.8%
2 profitable years in a row build equity to €159k.
04-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 35 days late
2019
31-12
Financial
Back to profitnet €141k
Net result €141k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
02-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 2 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Namur · 1 establishment unit since 2014
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.
Rue du Travail 615000 NamurGround area
4,176 m²
Building footprint
325 m²
Volume, LiDAR
539 m³
2 parcels, Wallonia · tallest building 12.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
SAFRAMAN
since 20142.228.405.744
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92133B0271/00K000 | Wallonia | 4,019 m² | 1 · 277 m² | - |
| 92302G0341/00B005 | Wallonia | 157 m² | 1 · 48 m² | 12.4 m · 4 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.
Similar companies · same sector, comparable size
DEUMER PHILIPPE
BE 0835.126.646
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DVS Broyage et Terrassement
BE 0837.852.049
Mont-Saint-Guibert · Eq €194k
SOCOBERT
BE 0429.547.375
Vielsalm · Eq €193k
RIVES BOIS
BE 0864.433.019
Bièvre · Eq €191k
ADRIEN BAUDOIN
BE 0833.196.346
Gesves · Eq €190k
Of 1,556 companies in sector 02200 we hold annual accounts for 449. 333 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded20-01-2014
Fiscal year end31-12
Activities, NACEBEL
02200Logging
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.