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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Negative equity NBB
More debt than assets in 2 of the last 3 fiscal years.
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Two loss years in a row NBB
Negative result in 2022 and 2023.
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Tight liquidity NBB
Cash and receivables cover 39 % of short-term debt in 2023; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 1.2 to 0.5.
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Late annual account NBB
Fiscal year 2023 was filed 181 days after the legal deadline.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
Safety & Spray Technics from Huldenberg, company number BE0537313088, closed financial year 2023 with a result of € -35,176 after tax. For that financial year Safety & Spray Technics recorded a gross margin of € 35,893 and equity of € -91,193. Compared with financial year 2022, the result moved from € -80,152 to € -35,176. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on January 28, 2025.
€ -91,193
▼ € 35,176 vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -35,176
▲ 56 % less loss than in 2022
Profit after tax over the fiscal year.
€ 15,317
▲ 123% vs 2022
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -153,693.
People and assets in 2023
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 63,026
▼ 32% vs 2022
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 6,496
▲ 102% vs 2022
Book value of vehicles, furniture and equipment.
Debts at end 2023
€ 149,605
▼ 16% vs 2022
€ 15,966 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 106,755
▲ 4% vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 7,800
▼ 28% vs 2022
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Gross margin | € 39,635 | € 12,602 | € 35,893 | ▲ 185% |
| Profit after taxes | € -41,979 | € -80,152 | € -35,176 | ▲ € 44,976 |
| Equity | € 24,135 | € -56,017 | € -91,193 | ▼ € 35,176 |
| Total debts | € 217,089 | € 331,716 | € 325,774 | ▼ 2% |
| Cash | € 4,670 | € 6,880 | € 15,317 | ▲ 123% |
| Retained profit | € -38,365 | € -118,517 | € -153,693 | ▼ € 35,176 |
| Bank debt | € 106,408 | € 178,456 | € 149,605 | ▼ 16% |
| Balance sheet total | € 241,224 | € 275,699 | € 234,581 | ▼ 15% |
| Employees (FTE) | 1.2 | 1 | 0.5 | ▼ 0.5 |
Key figures of Safety & Spray Technics, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to Safety & Spray Technics?
What happened at Safety & Spray Technics in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
Safety & Spray Technics is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2023: loss of € 35,176. filed late Source: NBB ↗
- New establishment in Huldenberg. KBO
- Start of the company according to the CBE. KBO
In short
From € 41,979 loss in 2021 to € 35,176 loss in 2023.
Paid € 460 in corporate taxes since 2021.
On average € 12,600 of value added per employee in 2022.
Management
Behind Safety & Spray Technics are Yannis De Wiite and Nymeria BV.
Directors
According to the 2023 annual accounts
Yannis De Wiite
Director
Director · represented by Yannis De Witte
Establishments
Establishment units
Physical locations of this company
Wolfshaegen 165
3040 Huldenberg
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0537.313.088
- VAT number
- BE 0537.313.088
- Registered office
- Wolfshaegen 165, 3040 Huldenberg
- Names & denominations
- Safety & Spray Technics · SST
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Opening faillissement
- Start date
- 26 July 2013
- Peppol
- Not registered
- Activities · NACE
Vervaardiging van toestellen voor het spuiten van vloeistoffen of poeder, inclusief brandblusapparaten