Safy Security
ActiveSummary
The computed 12-month bankruptcy probability of Safy Security is 2.1% (moderate). The 2024 annual accounts show equity of €538k and a net result of €214k. Equity is growing by ~65.9% per year across the filed fiscal years. Its solvency ranks better than 89% of 7445 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency100=
Growth78=
Track record94
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 5.0 against 5.91 in 2023; short-term debt: 19.1% and cash: 66.4% of total assets), and 19.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
80.2%
Return on assets
31.9%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-07-2025, 27 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
27 d early
2023
17 d late
2022
31 d early
2021
38 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€538k▲ 65.9%
2023 · €325k
2021: €118klowest in 4 years
2022: €221k▲ +87.9% vs 2021
2023: €325k▲ +46.7% vs 2022
2024: €538k▲ +65.9% vs 2023highest in 4 years
2021 → 2024
Total assets
€671k▲ 65.2%
2023 · €406k
2021: €171klowest in 4 years
2022: €305k▲ +77.8% vs 2021
2023: €406k▲ +33.3% vs 2022
2024: €671k▲ +65.2% vs 2023highest in 4 years
2021 → 2024
Net result
€214k▲ 107%
2023 · €103k
2021: €98klowest in 4 years
2022: €103k▲ +5.8% vs 2021
2023: €103k▼ -0.1% vs 2022
2024: €214k▲ +107% vs 2023highest in 4 years
2021 → 2024
Working capital
€514k▲ 57.1%
2023 · €327k
2021: €133klowest in 4 years
2022: €237k▲ +78.7% vs 2021
2023: €327k▲ +37.9% vs 2022
2024: €514k▲ +57.1% vs 2023highest in 4 years
2021 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€118k-€221k▲ 87.9%€325k▲ 46.7%€538k▲ 65.9%
2021: €118klowest in 4 years
2022: €221k▲ +87.9% vs 2021
2023: €325k▲ +46.7% vs 2022
2024: €538k▲ +65.9% vs 2023highest in 4 years
Operating result€141k-€145k▲ 2.7%€145k▼ 0.1%€304k▲ 110%
2021: €141klowest in 4 years
2022: €145k▲ +2.7% vs 2021
2023: €145k▼ -0.1% vs 2022
2024: €304k▲ +110% vs 2023highest in 4 years
Net result€98k-€103k▲ 5.8%€103k▼ 0.1%€214k▲ 107%
2021: €98klowest in 4 years
2022: €103k▲ +5.8% vs 2021
2023: €103k▼ -0.1% vs 2022
2024: €214k▲ +107% vs 2023highest in 4 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 110% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €671k
Fixed assets
€29k ▲ 128%
Current assets
€642k ▲ 63.2%
Equity and liabilities €671k
Equity
€538k ▲ 65.9%
Debt
€133k ▲ 62.4%
Debt's share of the balance-sheet total falls from 20.1% to 19.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€310k▲
2023 · €150k
Cash flow
€220k▲
2023 · €109k
Current ratio
5.00▼
2023 · 5.91
Quick ratio
4.88▼
2023 · 5.75
Debt to equity
0.25▼
2023 · 0.25
ROE
39.7%▲
2023 · 31.8%
ROA
31.9%▲
2023 · 25.4%
Interest coverage
803.87▼
2023 · 829.85
Debt ≤ 1 year
€128k▲
2023 · €67k
Debt > 1 year
€4k▼
2023 · €15k
Income taxes
€95k▲
2023 · €43k
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 · 2024 against 2023 · 47 lines
Balance sheet
Code20232024
Assets
Total assets20/58€406k€671k▲
Fixed assets21/28€13k€29k▲
Intangible fixed assets21-€10k
Tangible fixed assets22/27€13k€19k▲
Plant, machinery and equipment23€10k€7k▼
Furniture and vehicles24€2k€12k▲
Current assets29/58€394k€642k▲
Amounts receivable after more than one year29€2k€2k=
Other amounts receivable291€2k€2k=
Stocks and contracts in progress3€11k€16k▲
Stocks30/36€11k€16k▲
Amounts receivable within one year40/41€141k€177k▲
Trade receivables40€132k€172k▲
Other amounts receivable41€9k€5k▼
Cash at bank and in hand54/58€227k€445k▲
Deferred charges and accrued income490/1€12k€2k▼
Equity and liabilities
Total equity and liabilities10/49€406k€671k▲
Equity10/15€325k€538k▲
Contributions10/11€20k€20k=
Reserves13€305k€518k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€303k€516k▲
Amounts payable17/49€82k€133k▲
Amounts payable after more than one year17€15k€4k▼
Financial debts170/4€15k€4k▼
Amounts payable within one year42/48€67k€128k▲
Trade debts44€43k€37k▼
Suppliers440/4€43k€37k▼
Taxes, remuneration and social security45€23k€92k▲
Taxes450/3€20k€88k▲
Remuneration and social security454/9€3k€3k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€6k▲
Other operating charges640/8€839€790▼
Gross operating margin9900€151k€311k▲
Operating profit (loss)9901€145k€304k▲
Financial income75/76B€2k€6k▲
Recurring financial income75€2k€6k▲
Financial charges65/66B€181€385▲
Recurring financial charges65€181€385▲
Profit (loss) for the period before taxes9903€147k€309k▲
Income taxes67/77€43k€95k▲
Profit (loss) for the period9904€103k€214k▲
Profit (loss) for the period to be appropriated9905€103k€214k▲
Appropriation of the result
Profit (loss) to be appropriated9906€103k€214k▲
Transfer to equity691/2€103k€214k▲
To other reserves6921€103k€214k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €251 | €2k | €5k | €6k | ▲ 10.1% |
| Other operating charges640/8 | €815 | €2k | €839 | €790 | ▼ 5.9% |
| Gross operating margin9900 | €142k | €149k | €151k | €311k | ▲ 106% |
| Operating profit (loss)9901 | €141k | €145k | €145k | €304k | ▲ 110% |
| Financial income75/76B | €709 | €2k | €2k | €6k | ▲ 169% |
| Recurring financial income75 | €709 | €2k | €2k | €6k | ▲ 169% |
| Financial charges65/66B | €124 | €179 | €181 | €385 | ▲ 113% |
| Recurring financial charges65 | €124 | €179 | €181 | €385 | ▲ 113% |
| Profit (loss) for the period before taxes9903 | €142k | €146k | €147k | €309k | ▲ 111% |
| Income taxes67/77 | €44k | €43k | €43k | €95k | ▲ 119% |
| Profit (loss) for the period9904 | €98k | €103k | €103k | €214k | ▲ 107% |
| Profit (loss) for the period to be appropriated9905 | €98k | €103k | €103k | €214k | ▲ 107% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €171k | €305k | €406k | €671k | ▲ 65.2% |
| Fixed assets21/28 | €502 | €14k | €13k | €29k | ▲ 128% |
| Intangible fixed assets21 | - | - | - | €10k | - |
| Tangible fixed assets22/27 | €502 | €14k | €13k | €19k | ▲ 49.4% |
| Plant, machinery and equipment23 | - | €8k | €10k | €7k | ▼ 32.4% |
| Furniture and vehicles24 | €502 | €5k | €2k | €12k | ▲ 426% |
| Current assets29/58 | €171k | €291k | €394k | €642k | ▲ 63.2% |
| Amounts receivable after more than one year29 | €600 | €2k | €2k | €2k | = |
| Other amounts receivable291 | €600 | €2k | €2k | €2k | = |
| Stocks and contracts in progress3 | €10k | €12k | €11k | €16k | ▲ 46.2% |
| Stocks30/36 | €10k | €12k | €11k | €16k | ▲ 46.2% |
| Amounts receivable within one year40/41 | €107k | €207k | €141k | €177k | ▲ 25.0% |
| Trade receivables40 | €102k | €194k | €132k | €172k | ▲ 30.4% |
| Other amounts receivable41 | €5k | €13k | €9k | €5k | ▼ 50.9% |
| Cash at bank and in hand54/58 | €52k | €69k | €227k | €445k | ▲ 96.0% |
| Deferred charges and accrued income490/1 | €653 | €725 | €12k | €2k | ▼ 82.4% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €171k | €305k | €406k | €671k | ▲ 65.2% |
| Equity10/15 | €118k | €221k | €325k | €538k | ▲ 65.9% |
| Contributions10/11 | €20k | €20k | €20k | €20k | = |
| Reserves13 | €98k | €201k | €305k | €518k | ▲ 70.2% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €96k | €199k | €303k | €516k | ▲ 70.7% |
| Amounts payable17/49 | €54k | €84k | €82k | €133k | ▲ 62.4% |
| Amounts payable after more than one year17 | €15k | €30k | €15k | €4k | ▼ 72.5% |
| Financial debts170/4 | €15k | €30k | €15k | €4k | ▼ 72.5% |
| Amounts payable within one year42/48 | €38k | €54k | €67k | €128k | ▲ 93.0% |
| Trade debts44 | €23k | €26k | €43k | €37k | ▼ 15.1% |
| Suppliers440/4 | €23k | €26k | €43k | €37k | ▼ 15.1% |
| Taxes, remuneration and social security45 | €15k | €28k | €23k | €92k | ▲ 294% |
| Taxes450/3 | €15k | €28k | €20k | €88k | ▲ 342% |
| Remuneration and social security454/9 | - | - | €3k | €3k | ▲ 1.8% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €98k | €103k | €103k | €214k | ▲ 107% |
| + Depreciation and write-downs630 | €251 | €2k | €5k | €6k | ▲ 10.1% |
| Operating cash flow (approximation) | €98k | €106k | €109k | €220k | ▲ 102% |
| Investment in fixed assets (approximation) | - | €-15k | €-4k | €-22k | ▼ 414% |
| Change in cash | - | €17k | €158k | €218k | ▲ 37.7% |
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
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2021net €214k ▲107%
Operating result €304k, net result €214k, both a record.
31-12
Financial
Equity above €500kEq €538k ▲65.9%
4 profitable years in a row build equity to €538k.
17-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 17 days late
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €200kEq €221k ▲87.9%
2 profitable years in a row build equity to €221k.
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Deinze · 1 establishment unit since 2020
Ground area
1,747 m²
Building footprint
216 m²
Volume, LiDAR
1,530 m³
Parcel 44070A0504/00H003, Flanders · tallest building 12.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Safy Security
since 20202.309.385.007
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44070A0504/00H003 | Flanders | 1,747 m² | 1 · 216 m² | 12.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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 2025 · 2 entries · 432 EUR awarded · 432 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 309 EUR | 309 EUR |
| 2022 | 1 | 123 EUR | 123 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
1 categorySafy Security BV41239
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Of 22,815 companies in sector 43211 we hold annual accounts for 10,325. 6,286 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-10-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
42220Construction of utility projects for electricity and telecommunications
Contact
Website
www.safy.be
Scores and ratios are computed by Checked and are not a credit decision.