IMMOBILIERE SAGA
ActiveIMMOBILIERE SAGA has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €586k and a net result of €66k. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 86% of 4809 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
83
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability81▲+4
Solvency100▲+1
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity short (current ratio 0.59 against 0.45 in 2023; short-term debt: 12.2% and cash: 2.3% of total assets), and 15.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
84.2%
Return on assets
9.5%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €586k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-07-2025, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d early
2023
2 d early
2022
7 d early
2021
1 d late
2020
31 d early
2019
17 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€66k▲ 34.4%
2023 · €49k
2018: €32k
2019: €48k
2020: €30k
2021: €65k
2022: €48k
2023: €49k
2018 → 2024
Working capital
€-35k▲ 47.7%
2023 · €-67k
2018: €-147k
2019: €-158k
2020: €-162k
2021: €-92k
2022: €-74k
2023: €-67k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€639k-€423k▼ 33.9%€471k▲ 11.5%€520k▲ 10.4%€586k▲ 12.7%
Operating result€49k-€91k▲ 84.7%€75k▼ 17.3%€75k▼ 0.8%€98k▲ 30.9%
Net result€30k-€65k▲ 115%€48k▼ 25.9%€49k▲ 1.1%€66k▲ 34.4%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 31% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €696k
Fixed assets
€646k▼ 0.5%
Current assets
€50k▼ 8.7%
Equity and liabilities €696k
Equity
€586k▲ 12.7%
Debt
€110k▼ 40.2%
The debt ratio falls from 26.1% to 15.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€108k▲
2023 · €84k
Cash flow
€76k▲
2023 · €59k
Solvency
84.2%▲
2023 · 73.9%
Current ratio
0.59▲
2023 · 0.45
Quick ratio
0.55▲
2023 · 0.45
Debt / equity
0.19▼
2023 · 0.35
ROE
11.2%▲
2023 · 9.4%
ROA
9.5%▲
2023 · 7.0%
Interest coverage
52.38▲
2023 · 32.08
Debt
€110k▼
2023 · €184k
Debt ≤ 1 year
€85k▼
2023 · €122k
Debt > 1 year
€25k▼
2023 · €62k
Income taxes
€30k▲
2023 · €23k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€704k€696k▼
Fixed assets21/28€649k€646k▼
Tangible fixed assets22/27€194k€191k▼
Land and buildings22€188k€186k▼
Plant, machinery and equipment23€5k€5k▼
Financial fixed assets28€455k€455k=
Current assets29/58€55k€50k▼
Stocks and contracts in progress3-€3k
Stocks30/36-€3k
Amounts receivable within one year40/41€33k€31k▼
Trade receivables40€15k€10k▼
Other amounts receivable41€18k€21k▲
Cash at bank and in hand54/58€20k€16k▼
Deferred charges and accrued income490/1€2k-
Equity and liabilities
Total equity and liabilities10/49€704k€696k▼
Equity10/15€520k€586k▲
Contributions10/11€187k€187k=
Capital10€187k€187k=
Issued capital100€187k€187k=
Reserves13€256k€321k▲
Non-distributable reserves130/1€19k€19k=
Legal reserve130€19k€19k=
Distributable reserves133€238k€303k▲
Profit (loss) carried forward14€76k€77k▲
Amounts payable17/49€184k€110k▼
Amounts payable after more than one year17€62k€25k▼
Financial debts170/4€62k€25k▼
Amounts payable within one year42/48€122k€85k▼
Current portion of amounts payable after more than one year42€36k€37k▲
Financial debts43€4k€16k▲
Credit institutions430/8€4k€16k▲
Trade debts44€2k-
Suppliers440/4€2k-
Taxes, remuneration and social security45€11k€3k▼
Taxes450/3€11k€3k▼
Other amounts payable47/48€69k€29k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€10k▲
Other operating charges640/8€15k€15k▲
Gross operating margin9900€99k€124k▲
Operating profit (loss)9901€75k€98k▲
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€72k€96k▲
Income taxes67/77€23k€30k▲
Profit (loss) for the period9904€49k€66k▲
Profit (loss) for the period to be appropriated9905€49k€66k▲
Appropriation of the result
Profit (loss) to be appropriated9906€125k€142k▲
Profit (loss) brought forward from the previous period14P€76k€76k▲
Transfer to equity691/2€49k€65k▲
To other reserves6921€49k€65k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €66k ▲34.4%
Operating result €98k, net result €66k, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €500kEq €520k ▲10.4%
6 profitable years in a row build equity to €520k.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
01-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 1 day late
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €30k ▼37%
Net result drops to €30k, the lowest in the series; recovery starts the following year.
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
06-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Mons · 1 establishment unit since 1987
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Chaussée de Binche 507000 MonsGround area
3,438 m²
Building footprint
761 m²
Volume, LiDAR
3,890 m³
Parcel 53405C0155/00B000, Wallonia · tallest building 5.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
IMMOBILIERE SAGA
since 19872.032.986.178
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53405C0155/00B000indicative | Wallonia | 3,438 m² | 1 · 761 m² | 5.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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FRAEYE PROJECTS
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Of 9,140 companies in sector 68201 we hold annual accounts for 6,769. 5,011 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded23-01-1987
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.