Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 2 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SAFWAN from Morlanwelz, company number BE0873834297, closed financial year 2025 with a result of € -310,736 after tax. For that financial year SAFWAN recorded a gross margin of € 373,269 and equity of € -106,768. Compared with financial year 2024, the result moved from € -212,245 to € -310,736. 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 July 22, 2026.
€ -106,768
▼ € 310,736 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -310,736
▼ 46 % more loss than in 2024
Profit after tax over the fiscal year.
€ 35,446
▼ 12% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -880,119.
People and assets in 2025
13
▲ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 570,697
▼ 5% vs 2024
€ 43,900 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.
€ 22,688
▲ € 19,960 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.
€ 261,691
▼ 17% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 97,533
▲ 4% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 5,008,939 | - | - | - | |
| Gross margin | - | € 394,834 | € 519,586 | € 373,269 | ▼ 28% |
| Profit after taxes | € -234,329 | € -357,138 | € -212,245 | € -310,736 | ▼ € 98,492 |
| Equity | € -3,126,649 | € 416,213 | € 203,969 | € -106,768 | ▼ € 310,736 |
| Total debts | € 5,217,339 | € 1,719,865 | € 1,910,515 | € 2,287,034 | ▲ 20% |
| Cash | € 57,218 | € 81,315 | € 40,275 | € 35,446 | ▼ 12% |
| Retained profit | € -3,239,149 | € -357,138 | € -569,382 | € -880,119 | ▼ € 310,736 |
| Balance sheet total | € 2,090,690 | € 2,136,079 | € 2,114,484 | € 2,180,266 | ▲ 3% |
| Employees (FTE) | 11.7 | 12.3 | 12.9 | 13 | ▲ 0.1 |
Key figures of SAFWAN, 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 SAFWAN?
What happened at SAFWAN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 310,736. Source: NBB ↗
- E.A.M. VAN OSTA stepped down as director. NBB
- E.A.M. LIEKENS stepped down as director. NBB
- E.A.M. VAN OSTA became a director. NBB
- E.A.M. LIEKENS became a director. NBB
- New establishment in Malmedy. KBO
- New establishment in Morlanwelz. KBO
- Start of the company according to the CBE. KBO
In short
From € 234,329 loss in 2022 to € 310,736 loss in 2025.
On average € 28,700 of value added per employee in 2025.
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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 Hubo België SA (100%).
Directors
According to the 2025 annual accounts
E.A.M. VAN OSTA
Managing director
Also active at: A.I.T. IMPORT, Anciens Etablissements Robert Collette, PADIS, Hubo België, EPSILON, Spabois, SAMBRE - BOIS, Dubomat +51 more
since 2020 · until 2026
E.A.M. LIEKENS
Managing director
since 2020 · until 2026
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue Pont du Nil(MLZ) 19
7140 Morlanwelz
Avenue du Pont de Warche 5B
4960 Malmedy
Active since 11 July 2012
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0873.834.297
- VAT number
- BE 0873.834.297
- Registered office
- Rue Pont du Nil(MLZ) 19, 7140 Morlanwelz
- Names & denominations
- SAFWAN
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 17 May 2005
- Peppol
- Active · Active since 15 Dec 2025
- Activities · NACE
Detailhandel in ijzerwaren, bouwmaterialen, verf en glas (algemeen assortiment)
Detailhandel in ijzerwaren, verf, bouwmaterialen (inclusief doe-het-zelfzaken) met een verkoopsoppervlakte van minder dan 400 m2
Detailhandel in ijzerwaren, verf, bouwmaterialen en glas (inclusief doe-het-zelfzaken) met een verkoopsoppervlakte vanaf 400 m2.