Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 35 % of short-term debt in 2024; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2022, 2023, 2024.
Financials
Financial year 2024
AB Safety NV from Kontich, company number BE0424935818, closed financial year 2024 with a result of € -24,092 after tax. For that financial year AB Safety NV recorded revenue of € 8.5 million and equity of € 539,102. Compared with financial year 2023, the result moved from € -275,779 to € -24,092. The company made a loss. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on January 19, 2026.
€ 539,102
▲ 179% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -24,092
▲ 91 % less loss than in 2023
Profit after tax over the fiscal year.
€ 12,686
▼ 74% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -530,898.
People and assets in 2024
9
Average over the fiscal year, from the social balance sheet.
€ 687,383
▼ 2% vs 2023
€ 76,400 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 46,969
▼ 46% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 4 million
▼ 13% vs 2023
Loans from banks and other lenders, long and short.
€ 2.6 million
▲ 70% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 124 days on average.
€ 247,473
▼ 13% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 10,812,399 | € 9,229,396 | € 9,230,443 | € 8,462,002 | ▼ 8% |
| Profit after taxes | € -434,858 | € -373,858 | € -275,779 | € -24,092 | ▲ € 251,687 |
| Equity | € 842,831 | € 468,973 | € 193,194 | € 539,102 | ▲ 179% |
| Total debts | € 7,670,158 | € 7,006,664 | € 6,825,713 | € 7,233,724 | ▲ 6% |
| Cash | € 82,216 | € 78,656 | € 48,486 | € 12,686 | ▼ 74% |
| Retained profit | € 142,831 | € -231,027 | € -506,806 | € -530,898 | ▼ € 24,092 |
| Bank debt | € 4,995,758 | € 4,611,278 | € 4,527,034 | € 3,954,912 | ▼ 13% |
| Balance sheet total | € 8,512,989 | € 7,475,637 | € 7,018,907 | € 7,772,826 | ▲ 11% |
| Employees (FTE) | 10.9 | 9.9 | 9 | 9 |
Key figures of AB Safety NV, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to AB Safety NV?
What happened at AB Safety NV in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- MISTRALL CONSULT BV stepped down as director. NBB
- Yves MERTENS stepped down as director. NBB
- MARKSKI BV stepped down as director. NBB
- JAN PEETERS NV stepped down as director. NBB
- Corrected annual accounts filed for financial year 2024. filed late Source: NBB ↗
- MISTRALL CONSULT BV became a director. NBB
- Yves MERTENS became a director. NBB
- MARKSKI BV became a director. NBB
In short
From € 434,858 loss in 2021 to € 24,092 loss in 2024.
Paid € 1,475 in corporate taxes since 2021.
Pays suppliers within 124 days on average.
Management
The stake of ABSA Holding comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
AB Safety NVThe shares are held by ABSA Holding (100%).
Directors
According to the 2024 annual accounts
Director · represented by Laurent LEJEUNE
Also active at: ABSA Holding, CHAMONIX INVEST, NEWTREE Group
since 2023 · until 2029
Yves MERTENS
Director
since 2023 · until 2029
since 2023 · until 2029
Director · represented by Jan PEETERS
Also active at: CIM Capital, CCR Partners, House of Travel, NOBEL, Lunch Garden Belgium
since 2023 · until 2029
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Mechelsesteenweg 315i
2550 Kontich
Blauwesteenstraat 87
2550 Kontich
Active since 23 December 1983
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Website info
Features
Security
Details
- Company number
- 0424.935.818
- VAT number
- BE 0424.935.818
- Registered office
- Mechelsesteenweg 315i, 2550 Kontich
- Names & denominations
- AB Safety NV
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 November 1983
- Peppol
- Active · Active since 15 Dec 2025
- Activities · NACE
Groothandel in werkkleding
Groothandel in schoeisel