S.G.
ActiveS.G. has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-319k) and a net result of €-617. Equity is shrinking by ~36.1% per year across the filed fiscal years. Its solvency ranks better than 7% of 8596 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
18
/ 100
Critical▲ +3 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability1▼-99
Solvency33=
Growth58▲+26
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.23 against 0.23 in 2024), and equity is negative.
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 70
Relative position
BE, all sectors
reference
Sector 70
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-12.1%
Return on assets
0%
Age of the figures
9 mo
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€319k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
24 d late
2024
27 d late
2023
28 d late
2022
24 d early
2021
29 d late
2020
31 d late
2019
59 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-617▲ 99.9%
2024 · €-607k
2018: €-150k
2019: €-256k
2020: €-197k
2021: €-162k
2022: €140k
2023: €-899k
2024: €-607k
2018 → 2025
Working capital
€-2.28M▲ 0.5%
2024 · €-2.29M
2018: €608k
2019: €-95k
2020: €-754k
2021: €-911k
2022: €-770k
2023: €-1.67M
2024: €-2.29M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.05M-€1.19M▲ 13.4%€289k▼ 75.7%€-318k€-319k▼ 0.2%
Operating result€-162k-€-457k▼ 182%€-495k▼ 8.1%€-101k▲ 79.5%€216
Net result€-162k-€140k€-899k€-607k▲ 32.4%€-617▲ 99.9%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €216 after a loss of €101k in 2024, the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.64M
Fixed assets
€1.96M▼ 0.7%
Current assets
€681k▼ 0.9%
Key figures and ratios
Solvency
-12.1%▼
2024 · -12.0%
Current ratio
0.23▼
2024 · 0.23
Quick ratio
0.23▼
2024 · 0.23
Debt / equity
-9.27▲
2024 · -9.35
ROE
0.2%▼
2024 · 190.8%
ROA
0.0%▲
2024 · -22.9%
Debt
€2.96M▼
2024 · €2.97M
Debt ≤ 1 year
€2.96M▼
2024 · €2.97M
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.66M€2.64M▼
Fixed assets21/28€1.97M€1.96M▼
Tangible fixed assets22/27€19k€6k▼
Furniture and vehicles24€19k€6k▼
Financial fixed assets28€1.95M€1.95M=
Current assets29/58€688k€681k▼
Amounts receivable within one year40/41€564k€542k▼
Trade receivables40€30k€26k▼
Other amounts receivable41€534k€517k▼
Cash at bank and in hand54/58€124k€124k▼
Deferred charges and accrued income490/1-€15k
Equity and liabilities
Total equity and liabilities10/49€2.66M€2.64M▼
Equity10/15€-318k€-319k▼
Contributions10/11€240k€240k=
Reserves13€24k€24k=
Non-distributable reserves130/1€24k€24k=
Reserves not available under the articles1311€24k€24k=
Profit (loss) carried forward14€-582k€-583k▼
Amounts payable17/49€2.97M€2.96M▼
Amounts payable within one year42/48€2.97M€2.96M▼
Trade debts44€1k€13k▲
Suppliers440/4€1k€13k▲
Other amounts payable47/48€2.97M€2.94M▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k-
Other operating charges640/8€5k€9k▲
Gross operating margin9900€-91k€9k▲
Operating profit (loss)9901€-101k€216▲
Financial income75/76B€3k€62▼
Recurring financial income75€3k€62▼
Financial charges65/66B€509k€895▼
Recurring financial charges65€509k€895▼
Profit (loss) for the period before taxes9903€-607k€-617▲
Profit (loss) for the period9904€-607k€-617▲
Profit (loss) for the period to be appropriated9905€-607k€-617▲
Appropriation of the result
Profit (loss) to be appropriated9906€-582k€-583k▼
Profit (loss) brought forward from the previous period14P€25k€-582k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 24 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 27 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 28 days late
2023
31-12
Financial
Weakest financial yearnet €-899k ▼742%
Net result drops to €-899k, the lowest in the series; recovery starts the following year.
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €140k
Net result €140k after 4 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 29 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 59 days late
2019
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 20 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 59 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Nivelles · 1 establishment unit since 2007
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.
Rue Maubille 441401 NivellesGround area
259 m²
Building footprint
90 m²
Volume, LiDAR
702 m³
Parcel 25004E0169/00A010, Wallonia · tallest building 9.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
S.G.
since 20072.161.646.483
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25004E0169/00A010 | Wallonia | 259 m² | 1 · 90 m² | 9.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
254900VC1G5N2VGTDR64
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Of 82,518 companies in sector 70200 we hold annual accounts for 52,573. 38,356 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-02-2007
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.