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 2024 and 2025.
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Shrinking team NBB
FTE fell two years in a row, from 3.7 to 2.8.
Financials
Financial year 2025
SAFETY PRODUCT from Beringen, company number BE0437748132, closed financial year 2025 with a result of € -333,418 after tax. For that financial year SAFETY PRODUCT recorded a gross margin of € -130,357 and equity of € 611,459. Compared with financial year 2024, the result moved from € -177,442 to € -333,418. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 16, 2026.
€ 611,459
▼ 35% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -333,418
▼ 88 % more loss than in 2024
Profit after tax over the fiscal year.
€ 204,533
▼ 58% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.6 million.
People and assets in 2025
2.8
▼ 0.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 162,354
▼ 19% vs 2024
€ 58,000 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.
€ 1,983
▼ 34% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 119,313
▲ 26% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 16,397
▼ 26% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 629,050 | € 374,463 | € 66,941 | € -130,357 | ▼ € 197,298 |
| Profit after taxes | € 345,071 | € 118,206 | € -177,442 | € -333,418 | ▼ € 155,976 |
| Equity | € 1,004,113 | € 1,122,319 | € 944,876 | € 611,459 | ▼ 35% |
| Total debts | € 723,305 | € 230,067 | € 118,299 | € 135,920 | ▲ 15% |
| Cash | € 422,016 | € 546,776 | € 481,935 | € 204,533 | ▼ 58% |
| Retained profit | € -2,163,815 | € -2,045,609 | € -2,223,051 | € -2,556,469 | ▼ € 333,418 |
| Bank debt | € 7,062 | € 4,165 | € 1,232 | € 0 | ▼ 100% |
| Balance sheet total | € 1,727,418 | € 1,352,385 | € 1,063,176 | € 747,378 | ▼ 30% |
| Employees (FTE) | 4 | 3.7 | 3.5 | 2.8 | ▼ 0.7 |
Key figures of SAFETY PRODUCT, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to SAFETY PRODUCT?
What happened at SAFETY PRODUCT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 333,418. Source: NBB ↗
- Carolien Willems BV became a director. NBB
- Godelieve Winkelmans became a director. NBB
- Maes International NV became a director. NBB
- New establishment in Beringen. KBO
- Start of the company according to the CBE. KBO
In short
From € 345,071 profit in 2022 to € 333,418 loss in 2025.
Paid € 1,788 in corporate taxes since 2022.
Best year ever: 2022, with € 345,071 profit.
On average € 19,100 of value added per employee in 2024.
Management
The stake of Maes International N.V. comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SAFETY PRODUCTBehind SAFETY PRODUCT are Godelieve Winkelmans, Maes International NV and Carolien Willems BV. The shares are held by Maes International N.V. (14.5%).
Directors
According to the 2025 annual accounts
Godelieve Winkelmans
Director
Also active at: N.V.MAES, MAES ELEKTRO NV, Maes International N.V., STUURGROEP GRAM
since 2020
Managing director · represented by Albert Maes
Also active at: N.V.MAES, MAES ELEKTRO NV
since 2020
Director · represented by Carolien Willems
since 2021
Shareholders
14.5%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Beverlosesteenweg 100
3580 Beringen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0437.748.132
- VAT number
- BE 0437.748.132
- Registered office
- Beverlosesteenweg 100, 3580 Beringen
- Names & denominations
- SAFETY PRODUCT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 June 1989
- Peppol
- Active · Active since 6 Jan 2026
- Activities · NACE
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