SAAQ
ActiveSummary
SAAQ has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €82,433 and a net result of €29,279. Equity is growing by ~11.1% per year across the filed fiscal years. Its solvency ranks better than 36% of 9574 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▼-5
Solvency63▼-37
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity tight (current ratio 1.35 against 13.22 in 2024; short-term debt: 55% and cash: 52.9% of total assets), and 61.7% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
38.3%
Return on assets
13.6%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 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
13 d late
2024
31 d early
2023
7 d late
2022
18 d late
2021
2 d early
2020
18 d late
2019
28 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 7 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% 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. Usually files around 8 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€82,433▼ 45.9%
2024 · €152,288
Total assets
€215,167▲ 31.2%
2024 · €164,018
Net result
€29,279▼ 0.8%
2024 · €29,524
Working capital
€41,335▼ 71.2%
2024 · €143,355
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€93,430▲ 149%€32,223▼ 65.5%€13,594▼ 57.8%€38,909▲ 186%€39,640▲ 1.9%
Net result€66,316above the sector's middle half▲ 105%€23,630within the sector's middle half▼ 64.4%€11,008within the sector's middle half▼ 53.4%€29,524within the sector's middle half▲ 168%€29,279within the sector's middle half▼ 0.8%
Equity€129,698within the sector's middle half▲ 68.8%€136,469within the sector's middle half▲ 5.2%€123,598within the sector's middle half▼ 9.4%€152,288within the sector's middle half▲ 23.2%€82,433within the sector's middle half▼ 45.9%
Total assets€178,934within the sector's middle half▲ 89.6%€185,966within the sector's middle half▲ 3.9%€155,347within the sector's middle half▼ 16.5%€164,018within the sector's middle half▲ 5.6%€215,167within the sector's middle half▲ 31.2%
Debt€49,237▲ 181%€49,497▲ 0.5%€31,749▼ 35.9%€11,729▼ 63.1%€132,735▲ 1,032%
Working capital€124,111above the sector's middle half▲ 76.6%€124,189above the sector's middle half▲ 0.1%€117,299above the sector's middle half▼ 5.5%€143,355above the sector's middle half▲ 22.2%€41,335within the sector's middle half▼ 71.2%
Solvency72.5%within the sector's middle half▼ 8.9pp73.4%within the sector's middle half▲ 0.9pp79.6%above the sector's middle half▲ 6.2pp92.8%above the sector's middle half▲ 13.3pp38.3%within the sector's middle half▼ 54.5pp
Current ratio3.85within the sector's middle half▼ 6.983.55within the sector's middle half▼ 0.304.69above the sector's middle half▲ 1.1413.22above the sector's middle half▲ 8.531.35within the sector's middle half▼ 11.87
Return on assets (ROA)37.1%above the sector's middle half▲ 2.8pp12.7%within the sector's middle half▼ 24.4pp7.1%within the sector's middle half▼ 5.6pp18.0%within the sector's middle half▲ 10.9pp13.6%within the sector's middle half▼ 4.4pp
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 2% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €215,167
Fixed assets
€55,536 ▲ 522%
Current assets
€159,631 ▲ 2.9%
Equity and liabilities €215,167
Equity
€82,433 ▼ 45.9%
Debt
€132,735 ▲ 1,032%
Debt's share of the balance-sheet total rises from 7.2% to 61.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€45,054▲
2024 · €41,448
Cash flow
€34,694▲
2024 · €32,063
Debt to equity
1.61▲
2024 · 0.08
ROE
35.5%▲
2024 · 19.4%
Interest coverage
126.86▼
2024 · 632.89
Debt ≤ 1 year
€118,295▲
2024 · €11,729
Debt > 1 year
€14,439
Income taxes
€11,566▼
2024 · €11,999
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 34,696 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 | €5,744 | €5,627 | €6,790 | €2,539 | €5,415 | ▲ 113% |
| Other operating charges640/8 | €593 | €596 | €654 | €817 | €728 | ▼ 11.0% |
| Gross operating margin9900 | €99,767 | €38,446 | €21,037 | €42,265 | €45,782 | ▲ 8.3% |
| Operating profit (loss)9901 | €93,430 | €32,223 | €13,594 | €38,909 | €39,640 | ▲ 1.9% |
| Financial income75/76B | - | €1,542 | €3,130 | €2,680 | €1,561 | ▼ 41.8% |
| Recurring financial income75 | - | €1,542 | €3,130 | €2,680 | €1,561 | ▼ 41.8% |
| Financial charges65/66B | €303 | €215 | €201 | €65 | €355 | ▲ 442% |
| Recurring financial charges65 | €303 | €215 | €201 | €65 | €355 | ▲ 442% |
| Profit (loss) for the period before taxes9903 | €93,127 | €33,550 | €16,523 | €41,523 | €40,845 | ▼ 1.6% |
| Income taxes67/77 | €26,811 | €9,921 | €5,515 | €11,999 | €11,566 | ▼ 3.6% |
| Profit (loss) for the period9904 | €66,316 | €23,630 | €11,008 | €29,524 | €29,279 | ▼ 0.8% |
| Profit (loss) for the period to be appropriated9905 | €66,316 | €23,630 | €11,008 | €29,524 | €29,279 | ▼ 0.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €178,934 | €185,966 | €155,347 | €164,018 | €215,167 | ▲ 31.2% |
| Fixed assets21/28 | €11,216 | €13,089 | €6,299 | €8,933 | €55,536 | ▲ 522% |
| Tangible fixed assets22/27 | €11,216 | €13,089 | €6,299 | €8,933 | €55,536 | ▲ 522% |
| Furniture and vehicles24 | €11,216 | €13,089 | €6,299 | €8,933 | €53,414 | ▲ 498% |
| Other tangible fixed assets26 | - | - | - | - | €2,122 | - |
| Current assets29/58 | €167,719 | €172,877 | €149,048 | €155,084 | €159,631 | ▲ 2.9% |
| Amounts receivable within one year40/41 | €24,783 | €62,254 | €70,322 | €44,307 | €45,382 | ▲ 2.4% |
| Trade receivables40 | €24,783 | €13,768 | €7,764 | €8,342 | €17,519 | ▲ 110% |
| Other amounts receivable41 | - | €48,485 | €62,558 | €35,966 | €27,863 | ▼ 22.5% |
| Cash at bank and in hand54/58 | €142,094 | €109,950 | €77,842 | €110,503 | €113,742 | ▲ 2.9% |
| Deferred charges and accrued income490/1 | €842 | €673 | €884 | €274 | €507 | ▲ 84.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €178,934 | €185,966 | €155,347 | €164,018 | €215,167 | ▲ 31.2% |
| Equity10/15 | €129,698 | €136,469 | €123,598 | €152,288 | €82,433 | ▼ 45.9% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €117,298 | €124,069 | €111,198 | €139,888 | €70,033 | ▼ 49.9% |
| Non-distributable reserves130/1 | €1,855 | €1,855 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,855 | €1,855 | €0 | - | - | - |
| Distributable reserves133 | €115,443 | €122,214 | €111,198 | €139,888 | €70,033 | ▼ 49.9% |
| Profit (loss) carried forward14 | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €49,237 | €49,497 | €31,749 | €11,729 | €132,735 | ▲ 1,032% |
| Amounts payable after more than one year17 | €5,629 | €808 | €0 | - | €14,439 | - |
| Financial debts170/4 | €5,629 | €808 | €0 | - | €14,439 | - |
| Amounts payable within one year42/48 | €43,608 | €48,688 | €31,749 | €11,729 | €118,295 | ▲ 909% |
| Current portion of amounts payable after more than one year42 | €4,769 | €4,821 | €808 | €0 | €4,780 | - |
| Trade debts44 | €3,700 | €8,811 | €2,192 | €1,683 | €5,756 | ▲ 242% |
| Suppliers440/4 | €3,700 | €8,811 | €2,192 | €1,683 | €5,756 | ▲ 242% |
| Taxes, remuneration and social security45 | €19,833 | €18,199 | €4,869 | €9,213 | €8,625 | ▼ 6.4% |
| Taxes450/3 | €19,833 | €15,899 | €4,869 | €6,913 | €8,625 | ▲ 24.8% |
| Remuneration and social security454/9 | - | €2,300 | €0 | €2,300 | €0 | ▼ 100% |
| Other amounts payable47/48 | €15,306 | €16,858 | €23,880 | €833 | €99,135 | ▲ 11,801% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €66,316 | €23,630 | €11,008 | €29,524 | €29,279 | ▼ 0.8% |
| + Depreciation and write-downs630 | €5,744 | €5,627 | €6,790 | €2,539 | €5,415 | ▲ 113% |
| Operating cash flow (approximation) | €72,061 | €29,257 | €17,798 | €32,063 | €34,694 | ▲ 8.2% |
| Investment in fixed assets (approximation) | - | -€7,500 | €0 | -€5,173 | -€52,018 | ▼ 905% |
| Change in cash | - | -€32,144 | -€32,108 | €32,661 | €3,239 | ▼ 90.1% |
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
13-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 13 days late
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity triplescurrent ratio 13.22
Current ratio from 4.69 to 13.22; short-term debt falls from €31,749 to €11,729.
31-12
Financial
Equity above €150,000Eq €152,288 ▲23.2%
5 profitable years in a row build equity to €152,288.
07-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 7 days late
2023
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 18 days late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €66,316 ▲105%
Operating result €93,430, net result €66,316, both a record.
31-12
Financial
Equity above €100,000Eq €129,698 ▲68.8%
2 profitable years in a row build equity to €129,698.
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
2020
31-12
Financial
Back to profitnet €32,300
Net result €32,300 after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
Show earlier events
2019
31-12
Financial
Weakest financial yearnet -€25,443
Net result drops to -€25,443, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 6current ratio 20.67
Current ratio from 3.41 to 20.67; short-term debt falls from €29,364 to €2,258.
09-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 9 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
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
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2013
Ground area
237 m²
Building footprint
85 m²
Volume, LiDAR
444 m³
Parcel 44017B0427/00X006, Flanders · tallest building 9.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
SAAQ
since 20132.223.723.119
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44017B0427/00X006 | Flanders | 237 m² | 1 · 85 m² | 9.9 m · 1 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 18,247 companies in this sector we hold annual accounts for 6,322. 5,480 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded04-11-2013
Fiscal year end31-12
Activities, NACEBEL 2025
71111Activities of building architects
74130Interior design
74140Other specialised design activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0541616128
Also
9925:BE0541616128
Registered
27-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.