Skip to content

SAFRANS ASBL

Active
Non-profit associationfounded 197551 yrs activeRue Jules Hans 43, 1420 Braine-l'Alleud, BelgiumKBO/BCE: BE 0415.553.146
Summary

SAFRANS ASBL has been active since 1975 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €221k and a net result of €59k. Equity is growing by ~35% per year across the filed fiscal years. Its solvency ranks better than 31% of 637 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).

Checked score

Score 2025
77 / 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▲+60
Solvency55▲+7
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity tight (current ratio 1.41 against 1.28 in 2024; short-term debt: 69.8% and cash: 74.4% of total assets), and 69.9% of the assets are financed with debt.
Credit check for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.
lowers risk+raises riskneutral
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Sector 86
lower
← 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 51 years 0 60 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
30.1%
Return on assets
8.1%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
28 d early
2024
18 d late
2023
29 d early
2022
17 d late
2021
9 d late
2020
2 d early
2019
48 d late
← before the deadline after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€59k
2024 · €-1k
2018: €27k 2019: €-76k 2020: €-17k 2021: €258k 2022: €89k 2023: €23k 2024: €-1k
2018 → 2025
Working capital
€209k▲ 40.7%
2024 · €149k
2018: €375k 2019: €2k 2020: €5k 2021: €244k 2022: €129k 2023: €153k 2024: €149k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Equity€49k-€143k▲ 190%€165k▲ 15.2%€163k▼ 1.2%€221k▲ 35.8%
Operating result€258k-€90k▼ 65.3%€22k▼ 75.5%€-6k€58k
Net result€258k-€89k▼ 65.3%€23k▼ 74.7%€-1k€59k
Result per fiscal year
Operating resultNet result
€-100k€0€100k€200k€300kOperating result 2021: €258k€258kNet result 2021: €258k€258kOperating result 2022: €90k€90kNet result 2022: €89k€89kOperating result 2023: €22k€22kNet result 2023: €23k€23kOperating result 2024: €-6k€-6kNet result 2024: €-1k€-1kOperating result 2025: €58k€58kNet result 2025: €59k€59k20212022202320242025€-20k€0€20k€40k€60kOperating result 2023: €22k€22kNet result 2023: €23k€23kOperating result 2024: €-6k€-6kNet result 2024: €-1k€-1.1kOperating result 2025: €58k€58kNet result 2025: €59k€59k202320242025
The operating result returns to profit in 2025: €58k after a loss of €6k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €736k
Fixed assets €13k ▼ 12.1%
Current assets €723k ▲ 5.6%
Equity and liabilities €736k
Equity €221k ▲ 35.8%
Debt €515k ▼ 4.1%
Debt's share of the balance-sheet total falls from 76.7% to 69.9%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€60k
2024 · €-4k
Cash flow
€61k
2024 · €522
Current ratio
1.41
2024 · 1.28
Debt to equity
2.33
2024 · 3.30
ROE
26.8%
2024 · -0.7%
ROA
8.1%
2024 · -0.2%
Interest coverage
422.53
2024 · -20.54
Debt ≤ 1 year
€514k
2024 · €536k
Staff costs
€935k
2024 · €773k
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 · 2025 against 2024 · 42 lines
Balance sheet Code20242025
Assets
Total assets20/58€699k€736k
Fixed assets21/28€15k€13k
Tangible fixed assets22/27€13k€11k
Other tangible fixed assets26€13k€11k
Financial fixed assets28€2k€2k
Current assets29/58€685k€723k
Amounts receivable within one year40/41€107k€173k
Trade receivables40€26k€8k
Other amounts receivable41€81k€164k
Cash at bank and in hand54/58€575k€547k
Deferred charges and accrued income490/1€3k€3k
Equity and liabilities
Total equity and liabilities10/49€699k€736k
Equity10/15€163k€221k
Contributions10/11€200k€200k=
Capital10€200k€200k=
Profit (loss) carried forward14€-43k€16k
Investment grants15€6k€5k
Amounts payable17/49€537k€515k
Amounts payable within one year42/48€536k€514k
Trade debts44€125k€23k
Suppliers440/4€125k€23k
Taxes, remuneration and social security45€112k€137k
Taxes450/3€271-
Remuneration and social security454/9€112k€137k
Accrued charges and deferred income492/3€553€900
Income statement Code20242025
Non-recurring operating income76A€16k-
Remuneration, social security and pensions62€773k€935k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k
Other operating charges640/8€1k€5
Non-recurring operating charges66A€2k€2k
Gross operating margin9900€772k€998k
Operating profit (loss)9901€-6k€58k
Financial income75/76B€5k€992
Recurring financial income75€5k€992
Financial charges65/66B€215€143
Recurring financial charges65€215€143
Profit (loss) for the period before taxes9903€-1k€59k
Profit (loss) for the period9904€-1k€59k
Profit (loss) for the period to be appropriated9905€-1k€59k
Appropriation of the result
Profit (loss) to be appropriated9906€-43k€16k
Profit (loss) brought forward from the previous period14P€-42k€-43k
Social balance
Average headcount (FTE)90878.29.7

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
03-07
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial Back to profitnet €59k
Net result €59k after one loss-making year.
31-12
Financial Equity above €200kEq €221k ▲35.8%
Equity rises from €163k to €221k.
25-11
State Gazette act Resignations: ALEXANDRE BEINE (director) and ANGELIQUE MAMAÏS-CHRISTINA (director)
Appointment: VALERIE SPIELMANN (director)9 facts ▸
  • General meeting, 27-05-2025
  • Director resignation, ALEXANDRE BEINE (director)
  • Director resignation, ANGELIQUE MAMAÏS-CHRISTINA (director)
  • Director appointment, VALERIE SPIELMANN (director)
  • Board composition, Anne JOOS DE TER BEERST (director)
  • Board composition, Christian PIRENNE (director)
  • Board composition, Béatrice De MEY (director)
  • Board composition, Leyla ULUSOY (director)
  • Board composition, VALERIE SPIELMANN (director)
18-08
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 18 days late
10-01
State Gazette act Resignation: CLAIRE VANDER VORST (director)
Appointment: Béatrice DE MEY (director)10 facts ▸
  • General meeting, 04-06-2024
  • General meeting, 10-12-2024
  • Director resignation, CLAIRE VANDER VORST (director)
  • Director appointment, Béatrice DE MEY (director)
  • Board composition, Alexandre BEINE (director)
  • Board composition, Anne JOOS DE TER BEERST (director)
  • Board composition, Christian PIRENNE (director)
  • Board composition, Béatrice DE MEY (director)
  • Board composition, Leyla ULUSOY (director)
  • Board composition, Angélique MAMAÏS (director)
2024
02-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial Equity above €150kEq €165k ▲15.2%
3 profitable years in a row build equity to €165k.
17-08
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 17 days late
2022
31-12
Financial Equity above €100kEq €143k ▲190%
2 profitable years in a row build equity to €143k.
24-11
State Gazette act Resignation: Marion Seutin (treasurer)
Appointments: Anne JOOS DE TER BEERST, Christian PIRENNE and Cédric BOUSSART11 facts ▸
  • General meeting, 13/09/2022
  • Director resignation, Marion Seutin (treasurer)
  • Director appointment, Anne JOOS DE TER BEERST (director)
  • Director appointment, Christian PIRENNE (director)
  • Director appointment, Cédric BOUSSART (director)
  • Board composition, Alexandre BEINE (chair)
  • Board composition, Anne JOOS DE TER BEERST (director)
  • Board composition, Christian PIRENNE (director)
  • Board composition, Claire VANDER VORST (director)
  • Board composition, Cédric BOUSSART (treasurer)
  • Board composition, Angélique MAMAÏS (secretary)
09-08
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 9 days late
Show earlier events
2021
31-12
Financial Back to profitnet €258k
Net result €258k after 2 loss-making years.
17-08
State Gazette act Resignation: Cédric Boussart (director)
Appointment: Claire Vander Vorst (director)7 facts ▸
  • General meeting, 15-06-2021
  • Director resignation, Cédric Boussart (director)
  • Director appointment, Claire Vander Vorst (director)
  • Board composition, Alexandre BEINE (director)
  • Board composition, Claire Vander Vorst (director)
  • Board composition, Marion SEUTIN (treasurer)
  • Board composition, Angélique MAMAÏS (secretary)
29-07
NBB filing Annual accounts filed
fiscal year 2020 · full schema
10-02
State Gazette act Resignations: Alain Sansterre, Vincent Standaert and Valérie Spielmann
Appointment: Angélique Mamaïs (director)9 facts ▸
  • General meeting, 27-10-2020
  • Director resignation, Alain Sansterre (director)
  • Director resignation, Vincent Standaert (director)
  • Director resignation, Valérie Spielmann (director)
  • Director appointment, Angélique Mamaïs (director)
  • Board composition, Alexandre BEINE (director)
  • Board composition, Cédric BOUSSART (director)
  • Board composition, Marion SEUTIN (treasurer)
  • Board composition, Angélique Mamaïs (secretary)
2020
17-09
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 48 days late
2019
31-12
Financial Weakest financial yearnet €-76k ▼382%
Net result drops to €-76k, the lowest in the series; recovery starts the following year.
04-07
NBB filing Annual accounts filed
fiscal year 2018 · full schema
04-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 338 days late
2018
06-04
State Gazette act Resignation: Alain ROZENBERG (director)
Appointments: Cédric BOUSSART (director) and Vincent STANDAERT (chair)10 facts ▸
  • General meeting, 16-01-2018
  • Director resignation, Alain ROZENBERG (director)
  • Director appointment, Cédric BOUSSART (director)
  • Board composition, Alexandre BEINE (director)
  • Board composition, Cédric BOUSSART (director)
  • Board composition, Georges de KERCHOVE (director)
  • Board composition, Marion SEUTIN (treasurer)
  • Board composition, Valérie SPIELMANN (director)
  • Board composition, Vincent STANDAERT (director)
  • Director appointment, Vincent STANDAERT (chair)
2017
11-07
NBB filing Annual accounts filed
fiscal year 2016 · full schema
2016
09-09
State Gazette act Resignation: Anne OLDENHOVE-CALBERG (director)
Appointments: Alexandre BEINE (director) and Vincent STANDAERT (chair)10 facts ▸
  • General meeting, 09-06-2016
  • Director resignation, Anne OLDENHOVE-CALBERG (director)
  • Director appointment, Alexandre BEINE (director)
  • Board composition, Alexandre BEINE (director)
  • Board composition, Georges de KERCHOVE (director)
  • Board composition, Alain ROZENBERG (secretary)
  • Board composition, Marion SEUTIN (treasurer)
  • Board composition, Valérie SPIELMANN (director)
  • Board composition, Vincent STANDAERT (director)
  • Director appointment, Vincent STANDAERT (chair)
2015
12-10
State Gazette act Resignation: Kirsten ROESS (director)
Appointment: Valérie SPIELMANN (director)9 facts ▸
  • General meeting, 15-09-2015
  • Director resignation, Kirsten ROESS (director)
  • Director appointment, Valérie SPIELMANN (director)
  • Board composition, Georges de KERCHOVE (director)
  • Board composition, Anne OLDENHOVE-CALBERG (director)
  • Board composition, Alain ROZENBERG (secretary)
  • Board composition, Marion SEUTIN (treasurer)
  • Board composition, Valérie SPIELMANN (director)
  • Board composition, Vincent STANDAERT (chair)
20-07
State Gazette act Resignation: Dídier DE BROUWER (director)
Appointment: Marion SEUTIN (director) · Power of attorney10 facts ▸
  • General meeting, 16-06-2015
  • Director resignation, Dídier DE BROUWER (director)
  • Director appointment, Marion SEUTIN (director)
  • Board composition, Georges de KERCHOVE (director)
  • Board composition, Anne OLDENHOVE (director)
  • Board composition, Kirsten ROESS (chair)
  • Board composition, Alain ROZENBERG (secretary)
  • Board composition, Marion SEUTIN (treasurer)
  • Board composition, Vincent STANDAERT (director)
  • Power of attorney, Kirsten ROESS
2014
03-11
State Gazette act Appointment: Vincent STANDAERT (director)
Power of attorney9 facts ▸
  • General meeting, 09-09-2014
  • Director appointment, Vincent STANDAERT (director)
  • Board composition, Didier DE BROUWER (treasurer)
  • Board composition, Georges de KERCHOVE (director)
  • Board composition, Anne OLDENHOVE (director)
  • Board composition, Kirsten ROESS (chair)
  • Board composition, Alain ROZENBERG (secretary)
  • Board composition, Vincent STANDAERT (director)
  • Power of attorney, Kirsten ROESS
22-07
State Gazette act Resignation: Christian DE BOECK (director)
Appointment: Georges de KERCHOVE (director) · Power of attorney9 facts ▸
  • General meeting, 10-06-2014
  • Director resignation, Christian DE BOECK (director)
  • Director appointment, Georges de KERCHOVE (director)
  • Board composition, Didier DE BROUWER (treasurer)
  • Board composition, Georges de KERCHOVE (director)
  • Board composition, Anne OLDENHOVE (director)
  • Board composition, Kirsten ROESS (chair)
  • Board composition, Alain ROZENBERG (secretary)
  • Power of attorney, Kirsten ROESS
2013
04-10
State Gazette act Resignation: Evelyne VAN BASTELAER (director)
Power of attorney8 facts ▸
  • General meeting, 25-06-2013
  • Director resignation, Evelyne VAN BASTELAER (director)
  • Board composition, Christian DE BOECK (chair)
  • Board composition, Didier DE BROUWER (director)
  • Board composition, Anne OLDENHOVE (director)
  • Board composition, Kirsten ROESS (secretary)
  • Board composition, Alain ROZENBERG (treasurer)
  • Power of attorney, Christian DE BOECK
22-01
State Gazette act Resignations: Nelly CROKART (director) and Geneviève MONNOYE (director)
Appointments: Kirsten ROESS (director) and Anne OLDENHOVE-CALBERG (director) · Power of attorney12 facts ▸
  • General meeting, 19-06-2012
  • Director resignation, Nelly CROKART (director)
  • Director resignation, Geneviève MONNOYE (director)
  • Director appointment, Kirsten ROESS (director)
  • Director appointment, Anne OLDENHOVE-CALBERG (director)
  • Board composition, Christian DE BOECK (chair)
  • Board composition, Didier DE BROUWER (director)
  • Board composition, Anne OLDENHOVE-CALBERG (director)
  • Board composition, Kirsten ROESS (director)
  • Board composition, Alain ROZENBERG (director)
  • Board composition, Evelyne VAN BASTELAER (treasurer)
  • Power of attorney, Christian DE BOECK
2011
05-08
State Gazette act Resignations & appointments
Board composition · Power of attorney8 facts ▸
  • General meeting, 06-06-2011
  • Board composition, CROKART Nelly (secretary)
  • Board composition, DE BOECK Christian (chair)
  • Board composition, DE BROUWER Didier (director)
  • Board composition, MONNOYE Genviève (director)
  • Board composition, ROZENBERG Alain (director)
  • Board composition, VAN BASTELAER Evelyne (treasurer)
  • Power of attorney, DE BOECK Christian
2009
16-07
State Gazette act Statutes amendment · Resignations & appointments
Name change · Statutes amendment · Board composition11 facts ▸
  • General meeting, 09-06-2009
  • Name change, SAFRANS ASBL
  • Statutes amendment
  • Statutes amendment
  • Board composition, CROKART Nelly (secretary)
  • Board composition, DE BOECK Christian (chair)
  • Board composition, DE BROUWER Didier (director)
  • Board composition, MONNOYE Genviève (director)
  • Board composition, UYTTENHOVE Bénédicte (director)
  • Board composition, VAN BASTELAER Evelyne (treasurer)
  • Power of attorney, DE BOECK Christian
2007
06-08
State Gazette act Resignation: Pierre MALENGREAU (director)
Appointment: Bénédicte UYTTENHOVE (director) · Power of attorney10 facts ▸
  • General meeting, 12-06-2007
  • Director resignation, Pierre MALENGREAU (director)
  • Director appointment, Bénédicte UYTTENHOVE (director)
  • Board composition, Christian DE BOECK (chair)
  • Board composition, Didier DE BROUWER (director)
  • Board composition, Philippe DUFOUR (secretary)
  • Board composition, Genviève MONNOYE (director)
  • Board composition, Bénédicte UYTTENHOVE (director)
  • Board composition, Evelyne VAN BASTELAER (treasurer)
  • Power of attorney, Christian DE BOECK
2006
25-09
State Gazette act Resignations & appointments
Board composition · Power of attorney8 facts ▸
  • General meeting, 13-06-2006
  • Board composition, DE BOECK Christian (chair)
  • Board composition, DE BROUWER Didier (director)
  • Board composition, DUFOUR Philippe (secretary)
  • Board composition, MALENGREAU Pierre (director)
  • Board composition, MONNOYE Genviève (director)
  • Board composition, VAN BASTELAER Evelyne (treasurer)
  • Power of attorney, DE BOECK Christian
2005
13-01
State Gazette act Resignation: Philippe DETIENNE (administrateur et membre de l'assemblée générale)
Admission: Christian DE BOECK (membre de l'assemblée générale) · Appointment: Christian DE BOECK (director) · Statutes amendment6 facts ▸
  • General meeting, 30-11-2004
  • Statutes amendment
  • Director resignation, Philippe DETIENNE (administrateur et membre de l'assemblée générale)
  • Member admission, Christian DE BOECK (membre de l'assemblée générale)
  • Director appointment, Christian DE BOECK (director)
  • Director appointment, Christian DE BOECK (chair)
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
8 directors, no change since 2025
VALERIE SPIELMANN
Director · since 27-05-2025
Current
Béatrice DE MEY
Director · since 10-12-2024
Current
Anne JOOS DE TER BEERST
Director · since 24-11-2022
Current
Christian PIRENNE
Director · since 24-11-2022
Current
Cédric BOUSSART
Director · since 24-11-2022
Current
Angélique Mamaïs
Director · since 27-10-2020
Current
2 other directors
Georges de Kerchove
Director · since 10-06-2014
Not recently confirmed
Bénédicte UYTTENHOVE
Director · since 12-06-2007
Not recently confirmed
27-05-2025 VALERIE SPIELMANN: Appointed as Director
27-05-2025 ALEXANDRE BEINE: Resigned as Director
27-05-2025 ANGELIQUE MAMAÏS-CHRISTINA: Resigned as Director
10-12-2024 Béatrice DE MEY: Appointed as Director
04-06-2024 CLAIRE VANDER VORST: Resigned as Director
Full history in the Timeline (38 changes) →
Location & real-estate footprint
Registered office, Braine-l'Alleud · 1 establishment unit since 1975
establishment The establishment unit on the map
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 Jules Hans 431420 Braine-l'Alleud
Ground area
91 m²
Building footprint
60 m²
Volume, LiDAR
737 m³
Parcel 25744E0825/00A000, Wallonia · tallest building 13.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Centre de Guidance de Braine-l'Alleud
Rue Jules Hans 43, 1420 Braine-l'AlleudHuman health activities
since 19752.157.442.029
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
25744E0825/00A000 Wallonia 91 m² 1 · 60 m² 13.8 m · 4 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.

Articles of association

Purpose
La prévention, le diagnostic, le traitement des problèmes psychologiques, psychiatriques, troubles d'acquisition des enfants, adolescents et adultes et des problèmes y afférant…
Full purpose

La prévention, le diagnostic, le traitement des problèmes psychologiques, psychiatriques, troubles d'acquisition des enfants, adolescents et adultes et des problèmes y afférant rencontrés dans leur environnement social.

Structure & network

Connections & network

3 connected companies
La Famille d'Accueil, Shared director LFLa Familled'AccueilLefebvre Belgium, Shared director LBLefebvreBelgiumTEMPORA, Shared director TTEMPORASAFRANS ASBL SAFRANS ASBL0415.553.146
Shared directors
Linked via shared directors
La Famille d'Accueil
Shared director
Lefebvre Belgium
Shared director
TEMPORA
Shared director

Ownership & control

1 board mandate
Board mandates of this companythis company sits on their board1

Public money · subsidies and aid

Flemish government

2025 · 1 entry · 440 EUR awarded · 440 EUR paid
Year Entries awardedpaid
2025 1 440 EUR440 EUR
Schemes
Subsidies jeugdhulp
1 entry · 440 EUR · 440 EUR paid · Opgroeien regie

Similar companies · same sector, comparable size

Of 75 companies in sector 86933 we hold annual accounts for 49. 32 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 formNon-profit association
Founded17-04-1975
Fiscal year end31-12
Activities, NACEBEL 2025
86933Human health activities
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.