Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 1 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Safinco from Gent, company number BE0466306813, closed financial year 2025 with a result of € 35.5 million after tax. Compared with financial year 2024, the result moved from € 38.6 million to € 35.5 million. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 27, 2026.
€ 399 million
▲ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 35.5 million
▼ 8% vs 2024
Profit after tax over the fiscal year.
€ 51,257
▼ 87% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 13 million paid out
37 % of the profit went to the shareholders, mostly to STICHTING ADMINISTRATIE KANTOOR VANDEMOORTELE (100 % of the shares). That is where the money ends up.
People and assets in 2025
1
Average over the fiscal year, from the social balance sheet.
€ 79,539
▲ 30% vs 2024
€ 79,500 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.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 149,667
▼ 4% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 151 days on average.
€ 25,675
▼ 24% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Profit after taxes | € 21,969,066 | € 38,137,899 | € 38,577,075 | € 35,457,254 | ▼ 8% |
| Equity | € 351,412,321 | € 363,891,190 | € 376,547,858 | € 399,043,334 | ▲ 6% |
| Total debts | € 35,247,319 | € 25,787,939 | € 26,109,529 | € 13,151,290 | ▼ 50% |
| Cash | € 479,235 | € 736,199 | € 387,265 | € 51,257 | ▼ 87% |
| Retained profit | € 64,911,321 | € 77,390,190 | € 90,046,858 | € 112,542,334 | ▲ 25% |
| Dividend | € 16,832,046 | € 25,659,030 | € 25,920,407 | € 12,961,778 | ▼ 50% |
| Bank debt | € 18,000,000 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 386,659,639 | € 389,679,129 | € 402,657,387 | € 412,194,624 | ▲ 2% |
| Employees (FTE) | 0.8 | 1 | 1 | 1 |
Key figures of Safinco, 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 Safinco?
What happened at Safinco in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 35.5 million (▼ 8% vs 2024). Source: NBB ↗
- Arema SRL stepped down as director. NBB
- Jean Vandemoortele stepped down as director. NBB
- Billiet Marine stepped down as director. NBB
- Arema SRL became a director. NBB
- Jean Vandemoortele became a director. NBB
- Billiet Marine became a director. NBB
- New establishment in Gent. KBO
In short
From € 22 million profit in 2022 to € 35.5 million profit in 2025.
Best year ever: 2024, with € 38.6 million profit.
Paid out € 81.4 million in dividends to the owners in total.
Pays suppliers within 151 days on average.
A new publication or filing at Safinco? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by STICHTING ADMINISTRATIE KANTOOR VANDEMOORTELE (100%), VANDEMOORTELE NV (0%) and Vandemoortele Transport Solutions (0%). It owns 100% of Grow Vandemooortele NV and 99.9% of Vandemoortele itself.
Directors
According to the 2025 annual accounts
since 2023 · until 2026
since 2023 · until 2026
Billiet Marine
Director
since 2023 · until 2026
Shareholders
STICHTING ADMINISTRATIE KANTOOR VANDEMOORTELE
100%
Participations
99.9%
Establishments
Establishment units
Physical locations of this company
Ottergemsesteenweg-Zuid 816
9000 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →VANDEMOORTELE LIPIDS
€ 613.3 million revenue · 2025
VAMIX
€ 956 million revenue · 2025
Vandemoortele same network
€ 79.2 million revenue · 2025
Vandemoortele Europe
€ 1.9 billion revenue · 2025
VANDEMOORTELE BTW-EENHEID
+2 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0466.306.813
- VAT number
- BE 0466.306.813
- Registered office
- Ottergemsesteenweg-Zuid 816, 9000 Gent
- Names & denominations
- Safinco
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 June 1999
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Activiteiten van holdings
Managementactiviteiten van holdings
Holdings