SA²
ActiveSummary
SA² has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €54,483 and a net result of €52,405. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 27% of 8711 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency52▼-48
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity tight (current ratio 1.07 against 8.61 in 2024; short-term debt: 73.4% and cash: 54.4% of total assets), and 73.4% of the assets are financed with debt.
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Signals
Four 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
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 2025Solvency, return and age of the figures
Solvency
26.6%
Return on assets
25.6%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-08-2026, 2 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 5 filingsDeviation from the deadline
2025
2 d late
2024
18 d early
2023
6 d early
2022
14 d early
2021
26 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 12 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€54,483▼ 61.1%
2024 · €140,077
Total assets
€204,547▲ 33.6%
2024 · €153,092
Net result
€52,405▼ 16.4%
2024 · €62,680
Working capital
€10,635▼ 89.3%
2024 · €98,984
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€153,915-€115,810▼ 24.8%€100,554▼ 13.2%€74,086▼ 26.3%€65,948▼ 11.0%
Net result€118,410-€93,494▼ 21.0%€80,493▼ 13.9%€62,680▼ 22.1%€52,405▼ 16.4%
Equity€123,410-€216,904▲ 75.8%€297,397▲ 37.1%€140,077▼ 52.9%€54,483▼ 61.1%
Total assets€172,359-€279,806▲ 62.3%€342,907▲ 22.6%€153,092▼ 55.4%€204,547▲ 33.6%
Debt€48,949-€62,902▲ 28.5%€45,510▼ 27.6%€13,014▼ 71.4%€150,064▲ 1,053%
Working capital€121,643-€148,020▲ 21.7%€245,106▲ 65.6%€98,984▼ 59.6%€10,635▼ 89.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2024 Equity -53%, Total assets -55% on 2023. Cause not known from the registers.
- 2022 Total assets +62% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 11% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €204,547
Fixed assets
€43,848 ▲ 6.7%
Current assets
€160,698 ▲ 43.5%
Equity and liabilities €204,547
Equity
€54,483 ▼ 61.1%
Debt
€150,064 ▲ 1,053%
Debt's share of the balance-sheet total rises from 8.5% to 73.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€84,682▼
2024 · €91,361
Cash flow
€71,139▼
2024 · €79,955
Current ratio
1.07▼
2024 · 8.61
Debt to equity
2.75▲
2024 · 0.09
ROE
96.2%▲
2024 · 44.7%
ROA
25.6%▼
2024 · 40.9%
Interest coverage
841.35▲
2024 · 769.94
Debt ≤ 1 year
€150,064▲
2024 · €13,014
Income taxes
€13,815▼
2024 · €16,645
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,703 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,703 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,813 | €11,943 | €16,593 | €17,275 | €18,733 | ▲ 8.4% |
| Other operating charges640/8 | €1,550 | €1,157 | €904 | €841 | €1,162 | ▲ 38.2% |
| Gross operating margin9900 | €158,278 | €128,910 | €118,052 | €92,202 | €85,844 | ▼ 6.9% |
| Operating profit (loss)9901 | €153,915 | €115,810 | €100,554 | €74,086 | €65,948 | ▼ 11.0% |
| Financial income75/76B | €0 | €3,600 | €1,546 | €5,357 | €373 | ▼ 93.0% |
| Recurring financial income75 | €0 | €3,600 | €1,546 | €5,357 | €373 | ▼ 93.0% |
| Non-recurring financial income76B | - | €3,600 | - | - | - | - |
| Financial charges65/66B | €25 | €92 | €118 | €119 | €101 | ▼ 15.2% |
| Recurring financial charges65 | €25 | €92 | €118 | €119 | €101 | ▼ 15.2% |
| Profit (loss) for the period before taxes9903 | €153,890 | €119,318 | €101,982 | €79,325 | €66,220 | ▼ 16.5% |
| Income taxes67/77 | €35,480 | €25,824 | €21,489 | €16,645 | €13,815 | ▼ 17.0% |
| Profit (loss) for the period9904 | €118,410 | €93,494 | €80,493 | €62,680 | €52,405 | ▼ 16.4% |
| Profit (loss) for the period to be appropriated9905 | €118,410 | €93,494 | €80,493 | €62,680 | €52,405 | ▼ 16.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €172,359 | €279,806 | €342,907 | €153,092 | €204,547 | ▲ 33.6% |
| Fixed assets21/28 | €1,767 | €68,884 | €52,291 | €41,094 | €43,848 | ▲ 6.7% |
| Tangible fixed assets22/27 | €1,767 | €68,884 | €52,291 | €41,094 | €22,360 | ▼ 45.6% |
| Plant, machinery and equipment23 | €855 | €544 | €233 | - | - | - |
| Furniture and vehicles24 | €912 | €68,340 | €52,058 | €41,094 | €22,360 | ▼ 45.6% |
| Financial fixed assets28 | - | - | - | - | €21,488 | - |
| Current assets29/58 | €170,592 | €210,922 | €290,616 | €111,998 | €160,698 | ▲ 43.5% |
| Amounts receivable within one year40/41 | €20,876 | €19,812 | €14,153 | €21,949 | €25,119 | ▲ 14.4% |
| Trade receivables40 | €20,876 | €19,812 | €14,153 | €19,950 | €208 | ▼ 99.0% |
| Other amounts receivable41 | - | - | - | €1,999 | €24,910 | ▲ 1,146% |
| Current investments50/53 | - | - | €200,000 | - | €24,256 | - |
| Cash at bank and in hand54/58 | €149,716 | €191,109 | €76,463 | €90,049 | €111,324 | ▲ 23.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €172,359 | €279,806 | €342,907 | €153,092 | €204,547 | ▲ 33.6% |
| Equity10/15 | €123,410 | €216,904 | €297,397 | €140,077 | €54,483 | ▼ 61.1% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | - | €500 | €500 | €500 | €500 | = |
| Non-distributable reserves130/1 | - | €500 | €500 | €500 | €500 | = |
| Reserves not available under the articles1311 | - | €500 | €500 | €500 | €500 | = |
| Profit (loss) carried forward14 | €118,410 | €211,404 | €291,897 | €134,577 | €48,983 | ▼ 63.6% |
| Amounts payable17/49 | €48,949 | €62,902 | €45,510 | €13,014 | €150,064 | ▲ 1,053% |
| Amounts payable within one year42/48 | €48,949 | €62,902 | €45,510 | €13,014 | €150,064 | ▲ 1,053% |
| Trade debts44 | €4,384 | €2,637 | €1,518 | €2,888 | €3,024 | ▲ 4.7% |
| Suppliers440/4 | €4,384 | €2,637 | €1,518 | €2,888 | €3,024 | ▲ 4.7% |
| Taxes, remuneration and social security45 | €44,565 | €60,265 | €43,992 | €10,126 | €9,039 | ▼ 10.7% |
| Taxes450/3 | €44,565 | €60,265 | €43,992 | €10,126 | €9,039 | ▼ 10.7% |
| Other amounts payable47/48 | - | - | - | - | €138,000 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €118,410 | €93,494 | €80,493 | €62,680 | €52,405 | ▼ 16.4% |
| + Depreciation and write-downs630 | €2,813 | €11,943 | €16,593 | €17,275 | €18,733 | ▲ 8.4% |
| Operating cash flow (approximation) | €121,223 | €105,437 | €97,086 | €79,955 | €71,139 | ▼ 11.0% |
| Investment in fixed assets (approximation) | - | -€79,060 | €0 | -€6,078 | -€21,488 | ▼ 254% |
| Change in cash | - | €41,393 | -€114,646 | €13,586 | €21,275 | ▲ 56.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 2 days late
2025
31-12
Financial
Weakest financial yearnet €52,405 ▼16.4%
Net result drops to €52,405, the lowest in the series.
13-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €200,000Eq €216,904 ▲75.8%
2 profitable years in a row build equity to €216,904.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Deinze · 1 establishment unit since 2020
Ground area
917 m²
Building footprint
154 m²
Parcel 44030B0073/00F004, Flanders. Linked by address, not a title deed.
1 establishment unit
SA²
since 20202.304.992.786
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44030B0073/00F004 | Flanders | 917 m² | 1 · 154 m² | - |
Linked by address, not proof of ownership
Good to know
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
699400TIF1JI1SMI1A88
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 38,511 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-07-2020
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
46190Agents in non-specialised wholesale trade
82990Other business support services
95290Repair and maintenance of other personal and household goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0749761894
Registered
03-12-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.