SAAD 1
ActiveSummary
The computed 12-month bankruptcy probability of SAAD 1 is 1.8% (moderate). The 2024 annual accounts show equity of €13k and a net result of €7k. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 46% of 26043 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability72▲+34
Solvency52▲+17
Growth63▲+27
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.38 against 1.11 in 2023; short-term debt: 72.5% and cash: 3.9% of total assets), and 72.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
27.5%
Return on assets
13.6%
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 €13k
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 12-07-2025, 19 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
19 d early
2023
27 d late
2022
238 d late
2021
596 d late
2020
960 d late
2019
91 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€65k▼ 15.1%
2023 · €76k
2018: €65k
2019: €49k▼ -24.6% vs 2018
2020: €18k▼ -63.3% vs 2019lowest in 7 years
2021: €57k▲ +217% vs 2020
2022: €44k▼ -23.8% vs 2021
2023: €76k▲ +74.6% vs 2022highest in 7 years
2024: €65k▼ -15.1% vs 2023
2018 → 2024
EBIT margin
11.2%▲ 9.7pp
2023 · 1.5%
2018: 9.0%
2019: 2.5%▼ -72.2% vs 2018
2020: 3.6%▲ +44.1% vs 2019
2021: 1.5%▼ -58.9% vs 2020
2022: -0.1%▼ -107% vs 2021lowest in 7 years
2023: 1.5%▲ +1623% vs 2022
2024: 11.2%▲ +650% vs 2023highest in 7 years
2018 → 2024
Net result
€7k▲ 7,487%
2023 · €86
2018: €4k
2019: €259▼ -93.1% vs 2018
2020: €-162▼ -162% vs 2019
2021: €-73▲ +55.0% vs 2020
2022: €-882▼ -1113% vs 2021lowest in 7 years
2023: €86▲ +110% vs 2022
2024: €7k▲ +7487% vs 2023highest in 7 years
2018 → 2024
Working capital
€13k▲ 98.4%
2023 · €7k
2018: €7k
2019: €8k▲ +3.5% vs 2018
2020: €12k▲ +50.1% vs 2019
2021: €11k▼ -0.6% vs 2020
2022: €11k▼ -7.7% vs 2021
2023: €7k▼ -37.1% vs 2022lowest in 7 years
2024: €13k▲ +98.4% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€18k-€57k▲ 217%€44k▼ 23.8%€76k▲ 74.6%€65k▼ 15.1%
2020: €18klowest in 5 years
2021: €57k▲ +217% vs 2020
2022: €44k▼ -23.8% vs 2021
2023: €76k▲ +74.6% vs 2022highest in 5 years
2024: €65k▼ -15.1% vs 2023
Equity€8k-€7k▼ 1.0%€7k▼ 11.9%€7k▲ 1.3%€13k▲ 98.4%
2020: €8k
2021: €7k▼ -1.0% vs 2020
2022: €7k▼ -11.9% vs 2021lowest in 5 years
2023: €7k▲ +1.3% vs 2022
2024: €13k▲ +98.4% vs 2023highest in 5 years
Operating result€648-€845▲ 30.3%€-43€1k€7k▲ 536%
2020: €648
2021: €845▲ +30.3% vs 2020
2022: €-43▼ -105% vs 2021lowest in 5 years
2023: €1k▲ +2758% vs 2022
2024: €7k▲ +536% vs 2023highest in 5 years
Net result€-162-€-73▲ 55.0%€-882▼ 1,113%€86€7k▲ 7,487%
2020: €-162
2021: €-73▲ +55.0% vs 2020
2022: €-882▼ -1113% vs 2021lowest in 5 years
2023: €86▲ +110% vs 2022
2024: €7k▲ +7487% vs 2023highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 536% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €48k
Equity
€13k ▲ 98.4%
Debt
€35k ▼ 43.2%
Debt's share of the balance-sheet total falls from 90.2% to 72.5%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
1.38▲
2023 · 1.11
Quick ratio
0.30▼
2023 · 0.54
Debt to equity
2.64▼
2023 · 9.22
ROE
49.6%▲
2023 · 1.3%
ROA
13.6%▲
2023 · 0.1%
Debt ≤ 1 year
€35k▼
2023 · €61k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 37 lines
Balance sheet
Code20232024
Assets
Total assets20/58€68k€48k▼
Current assets29/58€68k€48k▼
Stocks and contracts in progress3€35k€38k▲
Stocks30/36€35k€38k▲
Amounts receivable within one year40/41€31k€8k▼
Trade receivables40€31k€8k▼
Cash at bank and in hand54/58€2k€2k▼
Deferred charges and accrued income490/1-€359
Equity and liabilities
Total equity and liabilities10/49€68k€48k▼
Equity10/15€7k€13k▲
Contributions10/11€1k€1k=
Capital10€1k€1k=
Issued capital100€1k€1k=
Reserves13€100€100=
Non-distributable reserves130/1€100€100=
Legal reserve130€100€100=
Profit (loss) carried forward14€6k€12k▲
Amounts payable17/49€61k€35k▼
Amounts payable within one year42/48€61k€35k▼
Taxes, remuneration and social security45€2k€2k▲
Taxes450/3€2k€2k▲
Other amounts payable47/48€59k€32k▼
Income statement
Code20232024
Turnover70€76k€65k▼
Goods, raw materials, services and sundry goods60/61€77k€57k▼
Other operating charges640/8€2k€1k▼
Gross operating margin9900€3k€9k▲
Operating profit (loss)9901€1k€7k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€961€704▼
Recurring financial charges65€961€704▼
Profit (loss) for the period before taxes9903€176€7k▲
Income taxes67/77€90-
Profit (loss) for the period9904€86€7k▲
Profit (loss) for the period to be appropriated9905€86€7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€6k€12k▲
Profit (loss) brought forward from the previous period14P€5k€6k▲
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €18k | €57k | €44k | €76k | €65k | ▼ 15.1% |
| Goods, raw materials, services and sundry goods60/61 | €17k | €56k | €43k | €77k | €57k | ▼ 26.5% |
| Other operating charges640/8 | - | €792 | €125 | €2k | €1k | ▼ 11.8% |
| Gross operating margin9900 | €648 | €2k | €82 | €3k | €9k | ▲ 216% |
| Operating profit (loss)9901 | €648 | €845 | €-43 | €1k | €7k | ▲ 536% |
| Financial income75/76B | - | - | - | €0 | - | - |
| Recurring financial income75 | - | - | - | €0 | - | - |
| Financial charges65/66B | €810 | €827 | €839 | €961 | €704 | ▼ 26.7% |
| Recurring financial charges65 | €810 | €827 | €839 | €961 | €704 | ▼ 26.7% |
| Profit (loss) for the period before taxes9903 | €-162 | €17 | €-882 | €176 | €7k | ▲ 3,609% |
| Income taxes67/77 | - | €90 | - | €90 | - | - |
| Profit (loss) for the period9904 | €-162 | €-73 | €-882 | €86 | €7k | ▲ 7,487% |
| Profit (loss) for the period to be appropriated9905 | €-162 | €-73 | €-882 | €86 | €7k | ▲ 7,487% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €35k | €32k | €62k | €68k | €48k | ▼ 29.4% |
| Current assets29/58 | €35k | €32k | €62k | €68k | €48k | ▼ 29.4% |
| Stocks and contracts in progress3 | €30k | €30k | €29k | €35k | €38k | ▲ 8.8% |
| Stocks30/36 | €30k | €30k | €29k | €35k | €38k | ▲ 8.8% |
| Amounts receivable within one year40/41 | €256 | - | €31k | €31k | €8k | ▼ 74.2% |
| Trade receivables40 | - | - | €31k | €31k | €8k | ▼ 74.2% |
| Other amounts receivable41 | €256 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €4k | €1k | €1k | €2k | €2k | ▼ 2.8% |
| Deferred charges and accrued income490/1 | €269 | €547 | - | - | €359 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €35k | €32k | €62k | €68k | €48k | ▼ 29.4% |
| Equity10/15 | €8k | €7k | €7k | €7k | €13k | ▲ 98.4% |
| Contributions10/11 | €1k | €1k | €1k | €1k | €1k | = |
| Capital10 | €1k | €1k | €1k | €1k | €1k | = |
| Issued capital100 | €1k | €1k | €1k | €1k | €1k | = |
| Reserves13 | €100 | €100 | €100 | €100 | €100 | = |
| Non-distributable reserves130/1 | €100 | €100 | €100 | €100 | €100 | = |
| Legal reserve130 | €100 | €100 | €100 | €100 | €100 | = |
| Profit (loss) carried forward14 | €6k | €6k | €5k | €6k | €12k | ▲ 118% |
| Amounts payable17/49 | €27k | €25k | €55k | €61k | €35k | ▼ 43.2% |
| Amounts payable within one year42/48 | €23k | €21k | €51k | €61k | €35k | ▼ 43.2% |
| Trade debts44 | €13k | €1k | - | - | - | - |
| Suppliers440/4 | €13k | €1k | - | - | - | - |
| Taxes, remuneration and social security45 | €1k | €2k | €2k | €2k | €2k | ▲ 12.4% |
| Taxes450/3 | €1k | €2k | €2k | €2k | €2k | ▲ 12.4% |
| Other amounts payable47/48 | €9k | €18k | €49k | €59k | €32k | ▼ 45.2% |
| Accrued charges and deferred income492/3 | €4k | €4k | €4k | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-162 | €-73 | €-882 | €86 | €7k | ▲ 7,487% |
| Operating cash flow (approximation) | €-162 | €-73 | €-882 | €86 | €7k | ▲ 7,487% |
| Change in cash | - | €-2k | €-77 | €602 | €-54 | ▼ 109% |
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
2025
12-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €7k ▲7,487%
Operating result €7k, net result €7k, both a record.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
25-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 238 days late
18-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 596 days late
17-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 960 days late
2023
31-12
Financial
Back to profitnet €86
Net result €86 after 3 loss-making years.
2022
31-12
Financial
Weakest financial yearnet €-882
Net result drops to €-882, the lowest in the series; recovery starts the following year.
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
08-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 8 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Anderlecht · 1 establishment unit since 2016
Ground area
52 m²
Building footprint
58 m²
Volume, LiDAR
666 m³
Parcel 21304B0138/02M000, Brussels · tallest building 15.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
SAAD 1
since 20162.258.087.348
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21304B0138/02M000 | Brussels | 52 m² | 1 · 58 m² | 15.0 m · 4 fl. |
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.
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Of 3,225 companies in sector 47400 we hold annual accounts for 1,807. 1,023 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
Founded14-10-2016
Fiscal year end31-12
Activities, NACEBEL 2025
47400Retail sale of information and communication equipment
61100Wired, wireless and satellite telecommunications
Scores and ratios are computed by Checked and are not a credit decision.