Financials
- Fiscal year
- 2025
- Total assets
- €2.9m
- Profit
- €10,358
- Solvency
- 22.0%
Total assets▼ 7.2%
Net result
20182025
SAFE TENSIONING SYSTEM
ActiveSummary
SAFE TENSIONING SYSTEM has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €635,178 and a net result of €10,358. Equity is growing by ~7.1% per year across the filed fiscal years. Its solvency ranks better than 24% of 6032 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Activity
Non-specialised wholesale trade
NACE 46900NACE 51900
1 site
Size
€2.9mtotal assets 2025
- Equity
- €635,178
- Profit
- €10,358
Structure
- Largest shareholder
- ECOTFIN · 30%
- Board
- 4 members
- Holdings
- 3
Accounts filed 28 d late
Why 93- Latest accounts 28 days late; 1 of the last 3 late+ Size: total assets €2.9m+ Founded in 1994+ Figures for FY 2025 (filed 28-08-2026)Show the evidence
Checked score
Score 2025
93
/ 100
Excellent
Probability in this band: under 0.55%
Better than 46% of its sector peers (NACE 46, small)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Average
Solvency
47+4
equity 22.0% of total assets
Liquidity
48-6
short-term debt 25.1% · cash 6.0%
Profitability
50+25
return on assets 0.4%
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.4%
12-2024: 0.4%● 0.0% vs 11-2024
01-2025: 0.4%● 0.0% vs 12-2024
02-2025: 0.4%● 0.0% vs 01-2025
03-2025: 0.5%▲ +17.2% vs 02-2025
04-2025: 0.5%▲ +2.9% vs 03-2025
05-2025: 0.5%▼ -0.2% vs 04-2025
06-2025: 0.7%▲ +22.8% vs 05-2025
07-2025: 0.8%▲ +24.7% vs 06-2025
08-2025: 1.2%▲ +49.2% vs 07-2025highest value
09-2025: 0.1%▼ -91.7% vs 08-2025
10-2025: 0.1%● 0.0% vs 09-2025
11-2025: 0.1%● 0.0% vs 10-2025
12-2025: 0.1%● 0.0% vs 11-2025
01-2026: 0.1%● 0.0% vs 12-2025
02-2026: 0.1%● 0.0% vs 01-2026
03-2026: 0.1%▲ +25.7% vs 02-2026
04-2026: 0.1%▲ +7.9% vs 03-2026
05-2026: 0.1%▲ +6.6% vs 04-2026
06-2026: 0.2%▲ +24.7% vs 05-2026
07-2026: 0.2%▲ +13.2% vs 06-2026
08-2026: 0.4%▲ +111% vs 07-2026
09-2026: 0.1%▼ -80.5% vs 08-2026lowest value
10-2026: 0.1%● 0.0% vs 09-2026lowest value
- Size: total assets €2.9m lowers the probability for this profile
- Founded in 1994 lowers the probability for this profile
- Figures for FY 2025 (filed 28-08-2026) lowers the probability
- Latest accounts 28 days late; 1 of the last 3 late raises the probability
Credit up to €55,000 at 30 days acceptable
Liquidity tight (current ratio 1.23 against 1.07 in 2024; short-term debt: 25.1% and cash: 6% of total assets), and 78% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, small). Better than this share of them on solvency 25%, liquidity 58%, profitability 33%, growth against the median 70%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 6032 sector peers (2025).
NBB · sector comparisonPosition among 6032 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 d late
2024
28 d late
2023
254 d late
2022
55 d early
2021
31 d late
2020
26 d late
2019
88 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 57 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
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. Usually files around 28 August (4 of the last 5 filed years within 83 days of that day).
Companies Code · seven monthsPosition in the running window
05-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · full…
- Resignations: Jean-Charles Wibo (director) and Stanislas…Appointments: Pascale de Pierpont (director)…
- Back to profitnet €10,358
Key points
By topic
Board & ownership
- Board
- 4 members
- Largest shareholder
- ECOTFIN · 30%
Go to Board & ownership
Network & group
- Subsidiaries
- 2
- Holdings
- 3
- Connected companies
- 14
- Mergers and contributions
- 1
3 holdings
Timeline
- Events
- 30
- Since
- 2003
- Next accounts
- by 31-07-2027
- 28-08-2026Annual accounts filed
- 09-04-2026Resignations: Jean-Charles Wibo (director) and Stanislas de…
- 31-12-2025Back to profit
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Non-specialised wholesale tradeNACE 46900
- Founded
- 03-02-1994
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 1
- Purpose
- La société a pour objet, en Belgique et à l'étranger, directement ou en qualité…
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