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EUROPEAN SAFETY MAINTENANCE

Active
Cooperative companyfounded 199927 years activeRue de la Providence 114, 6030 Charleroi, BelgiumKBO/BCE: BE 0465.348.887
Summary

The computed 12-month bankruptcy probability of EUROPEAN SAFETY MAINTENANCE is 3.7% (moderate). The 2025 annual accounts show negative equity (-€575,580) and a net result of -€271,942. Equity is shrinking by ~32.7% per year across the filed fiscal years. Its solvency ranks better than 18% of 266 sector peers (NACE 72, fiscal year 2025). The company has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals.

Overview

Activity
Scientific research and development
NACE 72200Wholesale of other machinery and equipment NACE 46649
#9 oldest company in Hainaut, Research and development sector2 sites
Size
€3.1mtotal assets 2025
Staff
28.6 FTE
Equity
-€575,580
Loss
-€271,942
Financial health
47 Fair Checked score 2025
Bankruptcy probability, 12 months
3.7%
Structure
Board
4 members
Holdings
3
Accounts 30 days early
Why 47- Negative equity -€575,580- Loss of €271,942, the second in a row (FY 2025)- Liquidity: current ratio 0.57, cash €123,294- Founded in 1999Show the evidence

Checked score

Score 2025
47 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 12% of its sector peers (NACE 72, small)
Financial strength · tick = 2024
Weak
Solvency 7-7
equity -18.4% of total assets
Liquidity 5-2
short-term debt 116.4% · cash 3.9%
Profitability 8+7
return on assets -8.7%
Bankruptcy probability, 12 months
3.7% Moderate
0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (166 companies)
Last 24 months 11-2024: 2.0%lowest value 12-2024: 2.0%● unchanged vs 11-2024lowest value 01-2025: 2.0%● unchanged vs 12-2024lowest value 02-2025: 2.1%▲ +0.1 percentage points vs 01-2025 03-2025: 2.3%▲ +0.2 percentage points vs 02-2025 04-2025: 2.4%▲ +0.1 percentage points vs 03-2025 05-2025: 2.5%▲ +0.1 percentage points vs 04-2025 06-2025: 2.6%▲ +0.1 percentage points vs 05-2025 07-2025: 2.9%▲ +0.3 percentage points vs 06-2025 08-2025: 4.4%▲ +1.5 percentage points vs 07-2025 09-2025: 4.4%● unchanged vs 08-2025 10-2025: 4.4%● unchanged vs 09-2025 11-2025: 4.4%● unchanged vs 10-2025 12-2025: 4.4%● unchanged vs 11-2025 01-2026: 4.4%● unchanged vs 12-2025 02-2026: 4.4%● unchanged vs 01-2026 03-2026: 5.0%▲ +0.6 percentage points vs 02-2026 04-2026: 5.0%● unchanged vs 03-2026 05-2026: 5.0%● unchanged vs 04-2026 06-2026: 5.1%▲ +0.1 percentage points vs 05-2026 07-2026: 5.2%▲ +0.1 percentage points vs 06-2026highest value 08-2026: 3.7%▼ -1.5 percentage points vs 07-2026 09-2026: 3.7%● unchanged vs 08-2026 10-2026: 3.7%● unchanged vs 09-2026
No credit on open account
Liquidity short (current ratio 0.57 against 0.65 in 2024; short-term debt: 116.4% and cash: 3.9% of total assets), and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 72, small): better than 7% on solvency, 4% on liquidity, 30% on profitability and 6% on growth.

The bankruptcy probability was computed on 06-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
+raises risk○neutral
raises risk · Negative equity -€575,580
NBB · annual accounts
raises risk · Loss of €271,942, the second in a row (FY 2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 0.57, cash €123,294
NBB · annual accounts
raises risk · Founded in 1999
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€575,580
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 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
30 days early
2024
20 days early
2023
33 days early
2022
32 days early
2021
27 days early
2020
36 days early
2019
55 days 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 18 days before the deadline; the sector median for financial year 2024 is 13 days before the deadline, and 32% 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 1 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
07-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Resignations & appointmentsDirector in office
  3. Reappointments: Christian Colles, Marc Ubaghs and…Mandate compensation

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€575,580 View
  • Risk: 4 loss-making years in a rowloss fiscal year 2025 -€271,942 View
  • Caution: Equity fell in 2025from -€296,123 to -€575,580 ▼ 94.4% View
  • Caution: Among the weakest 7% on equitysector median €393,848 · 267 companies -€575,580 View
  • Positive: Always filed on timeaccounts within the deadline every year 6 years View

By topic

Financials

Fiscal year
2025
Total assets
€3.1m
Loss
-€271,942
Solvency
-18.4%
Total assets▲ 21.0%
Net result
20182025
Go to Financials

Timeline

Events
44
Since
2007
Next accounts
by 31-07-2027
  1. 11-07-2025Annual accounts filed
  2. 16-06-2025Purpose · Statutes amendment · Legal-form change
  3. 10-03-2025Appointment: Antonin Misonne (responsable d'exploitation)
Go to Timeline

Company details

Sites
2
Legal form
Cooperative company
Activity
Scientific research and developmentNACE 72200
Founded
28-01-1999
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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