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 3 of the last 3 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 23 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Safety Worx from Pajottegem, company number BE0797172922, closed financial year 2025 with a result of € -4,411 after tax. For that financial year Safety Worx recorded a gross margin of € 10,279 and equity of € -14,327. Compared with financial year 2024, the result moved from € -7,833 to € -4,411. 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 August 26, 2026.
€ -14,327
▼ € 4,411 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -4,411
▲ 44 % less loss than in 2024
Profit after tax over the fiscal year.
€ 7,560
▲ 64% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -17,327.
People and assets in 2025
€ 159
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 25,714
▼ 31% vs 2024
Of which on lease € 23,828.
Debts at end 2025
€ 22,127
▼ 28% vs 2024
€ 9,010 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 4,172
▲ 31% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,895
▲ 65% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 6,810 | € 6,791 | € 10,279 | ▲ 51% |
| Profit after taxes | € -5,082 | € -7,833 | € -4,411 | ▲ € 3,422 |
| Equity | € -2,082 | € -9,916 | € -14,327 | ▼ € 4,411 |
| Total debts | € 62,712 | € 56,502 | € 54,147 | ▼ 4% |
| Cash | € 9,550 | € 4,613 | € 7,560 | ▲ 64% |
| Retained profit | € -5,082 | € -12,916 | € -17,327 | ▼ € 4,411 |
| Bank debt | € 36,968 | € 30,788 | € 22,127 | ▼ 28% |
| Balance sheet total | € 60,630 | € 46,586 | € 39,821 | ▼ 15% |
Key figures of Safety Worx, fiscal years 2023 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 Worx?
What happened at Safety Worx in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 4,411. filed late Source: NBB ↗
- New establishment in Pajottegem. KBO
- Gwendoline Van Ghelue became a director. NBB
- Olivier Hochstrasser became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 5,082 loss in 2023 to € 4,411 loss in 2025.
Paid € 392 in corporate taxes since 2023.
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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
Behind Safety Worx are Gwendoline Van Ghelue and Olivier Hochstrasser.
Directors
According to the 2025 annual accounts
Gwendoline Van Ghelue
Director
since 2023
Olivier Hochstrasser
Director
since 2023
Establishments
Establishment units
Physical locations of this company
Steenbakkerijstraat 57
1570 Pajottegem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0797.172.922
- VAT number
- BE 0797.172.922
- Registered office
- Steenbakkerijstraat 57, 1570 Pajottegem
- Names & denominations
- Safety Worx
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 13 January 2023
- Peppol
- Active · Active since 28 Feb 2024
- Activities · NACE
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