Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.
Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of IMMO SARO is 14.4% (high). The 2021 annual accounts show negative equity (€-52k) and a net result of €-45k. Equity is shrinking by ~418.7% per year across the filed fiscal years. The company has been active since 2013 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Based on the State Gazette, CBE and 3 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneStatistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Insolvency timeline
1 eventsSignals
Insufficient current data: the most recent filed accounts (financial year 2021) are too old to derive current signals.
Trust signals
2 signalsAdministrative Flags
1 eventFinancials
Annual accounts & ratios
Source: NBB · 2021How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Fiscal year | 2021 |
|---|---|
| Revenue | - |
| EBITDA | €-36k |
| Net profit | €-45k |
| Cash flow | €-42k |
| Staff costs | €0 |
| Income taxes | - |
| Dividends | - |
| Total assets | €37k |
| Equity | €-52k |
| Debt | €89k |
| of which ≤ 1y | €85k |
| of which > 1y | €4k |
| Working capital | €-51k |
| Employees (FTE) | - |
| 2021 | |
|---|---|
| Current ratio | 0.40 |
| Quick ratio | 0.38 |
| Working capital ratio | -137.8% |
| Solvency | -140.2% |
| Debt / equity | -1.71 |
| Long-term debt ratio | -0.08 |
| Interest coverage | -6.23 |
| Gross margin | - |
| Net margin | - |
| ROA | -122.3% |
| ROE | 87.2% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2021 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €37k |
| Fixed assets | 21/28 | €3k |
| Intangible fixed assets | 21 | €0 |
| Tangible fixed assets | 22/27 | €3k |
| Financial fixed assets | 28 | €355 |
| Current assets | 29/58 | €34k |
| Stocks & contracts in progress | 3 | €1k |
| Amounts receivable within one year | 40/41 | €15k |
| Cash & bank | 54/58 | €17k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €37k |
| Equity | 10/15 | €-52k |
| Contributions / capital | 10/11 | €19k |
| Reserves | 13 | €2k |
| Accumulated profits (losses) | 14 | €-72k |
| Amounts payable | 17/49 | €89k |
| Amounts payable after one year | 17 | €4k |
| Amounts payable within one year | 42/48 | €85k |
| Trade debts payable within one year | 44 | €35k |
| Income statement | ||
| Gross operating margin | 9900 | €453 |
| Operating result | 9901 | €-40k |
| Financial income | 75 | €1 |
| Financial charges | 65 | €6k |
| Result before taxes | 9903 | €-45k |
| Net result for the period | 9904 | €-45k |
| Result to be appropriated | 9905 | €-45k |
Health barometer
FY 2021 · computedUnlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Structure & network
Locations & real estate
Registered office
on the map · from the address registerEstablishment units
1 locationReal-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56057A0079/00Y000 | Wallonia | 1,615 m² | - | - |
| 63452C0342/00D000 | Wallonia | 67 m² | 1 · 57 m² | 11.8 m · 3 fl. |
Publications
Lifecycle & Insolvency Signals
1 event from the State GazetteTime machine: BS events + macro context
2021-2026Belgisch Staatsblad · acts
1 acts24-03-2023 All shares are now held by a single shareholder
Analysis
Snowflake analysis
financial profile on 5 axesMixed profile: strong on profitability, weaker on health.
Ask AI about this company
Checked AISoon: ask questions about this dossier, risks, curator, sector comparison, answered from the official data on this page.
AI due-diligence brief
Checked AIGenerate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
Credit advice
verdict per customer and amountCompany registry
Company registry (CBE)
Crossroads Bank| Legal nameFR | IMMO SARO |
- 03-04-2026 Late accounts filing