SAAR
ActiveSummary
SAAR has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €28,110 and a net result of €14,219. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 37% of 9511 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability94▼-6
Solvency64▲+14
Growth78=
Track record94
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity tight (current ratio 1.5 against 1.33 in 2024; short-term debt: 47.1% and cash: 13.5% of total assets), and 60.5% 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 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 →
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
39.5%
Return on assets
20%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
14 d early
2024
1 d early
2023
2 d early
2022
20 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 9 days before 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.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€28,110▲ 102%
2024 · €13,891
Total assets
€71,185▲ 30.6%
2024 · €54,523
Net result
€14,219▼ 18.9%
2024 · €17,539
Working capital
€16,615▲ 56.4%
2024 · €10,622
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
Line2022202320242025
Operating result-€4,404--€1,671▲ 62.0%€25,293€22,069▼ 12.7%
Net result-€5,272--€3,377▲ 36.0%€17,539€14,219▼ 18.9%
Equity-€272--€3,649▼ 1,241%€13,891€28,110▲ 102%
Total assets€11,540-€24,047▲ 108%€54,523▲ 127%€71,185▲ 30.6%
Debt€11,813-€27,696▲ 134%€40,632▲ 46.7%€43,075▲ 6.0%
Working capital€707--€2,685€10,622€16,615▲ 56.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 13% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €71,185
Fixed assets
€21,066 ▲ 78.8%
Current assets
€50,118 ▲ 17.3%
Equity and liabilities €71,185
Equity
€28,110 ▲ 102%
Debt
€43,075 ▲ 6.0%
Debt's share of the balance-sheet total falls from 74.5% to 60.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€29,562▲
2024 · €25,508
Cash flow
€21,711▲
2024 · €17,754
Current ratio
1.50▲
2024 · 1.33
Debt to equity
1.53▼
2024 · 2.93
ROE
50.6%▼
2024 · 126.3%
ROA
20.0%▼
2024 · 32.2%
Interest coverage
9.26▼
2024 · 11.62
Debt ≤ 1 year
€33,504▲
2024 · €32,116
Debt > 1 year
€9,571▲
2024 · €8,516
Income taxes
€5,642▼
2024 · €5,921
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €215 | €7,492 | ▲ 3,389% |
| Other operating charges640/8 | €1,703 | €1,080 | €1,558 | €3,244 | ▲ 108% |
| Gross operating margin9900 | -€2,701 | -€592 | €27,065 | €32,805 | ▲ 21.2% |
| Operating profit (loss)9901 | -€4,404 | -€1,671 | €25,293 | €22,069 | ▼ 12.7% |
| Financial income75/76B | - | €15 | €362 | €984 | ▲ 172% |
| Recurring financial income75 | - | €15 | €362 | €984 | ▲ 172% |
| Financial charges65/66B | €243 | €1,544 | €2,195 | €3,192 | ▲ 45.5% |
| Recurring financial charges65 | €243 | €1,544 | €2,195 | €3,192 | ▲ 45.5% |
| Profit (loss) for the period before taxes9903 | -€4,647 | -€3,200 | €23,460 | €19,861 | ▼ 15.3% |
| Income taxes67/77 | €625 | €176 | €5,921 | €5,642 | ▼ 4.7% |
| Profit (loss) for the period9904 | -€5,272 | -€3,377 | €17,539 | €14,219 | ▼ 18.9% |
| Profit (loss) for the period to be appropriated9905 | -€5,272 | -€3,377 | €17,539 | €14,219 | ▼ 18.9% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €11,540 | €24,047 | €54,523 | €71,185 | ▲ 30.6% |
| Fixed assets21/28 | - | - | €11,785 | €21,066 | ▲ 78.8% |
| Tangible fixed assets22/27 | - | - | €11,785 | €21,066 | ▲ 78.8% |
| Plant, machinery and equipment23 | - | - | €11,785 | €11,185 | ▼ 5.1% |
| Furniture and vehicles24 | - | - | - | €9,881 | - |
| Current assets29/58 | €11,540 | €24,047 | €42,738 | €50,118 | ▲ 17.3% |
| Amounts receivable within one year40/41 | €4,505 | €18,567 | €29,704 | €37,602 | ▲ 26.6% |
| Trade receivables40 | €4,319 | €17,248 | €16,867 | €14,896 | ▼ 11.7% |
| Other amounts receivable41 | €186 | €1,318 | €12,837 | €22,706 | ▲ 76.9% |
| Cash at bank and in hand54/58 | €5,701 | €3,272 | €9,543 | €9,627 | ▲ 0.9% |
| Deferred charges and accrued income490/1 | €1,334 | €2,208 | €3,491 | €2,889 | ▼ 17.2% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €11,540 | €24,047 | €54,523 | €71,185 | ▲ 30.6% |
| Equity10/15 | -€272 | -€3,649 | €13,891 | €28,110 | ▲ 102% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | -€5,272 | -€8,649 | €8,891 | €23,110 | ▲ 160% |
| Amounts payable17/49 | €11,813 | €27,696 | €40,632 | €43,075 | ▲ 6.0% |
| Amounts payable after more than one year17 | - | - | €8,516 | €9,571 | ▲ 12.4% |
| Financial debts170/4 | - | - | €8,516 | €9,571 | ▲ 12.4% |
| Amounts payable within one year42/48 | €10,833 | €26,732 | €32,116 | €33,504 | ▲ 4.3% |
| Current portion of amounts payable after more than one year42 | - | - | €2,068 | €8,421 | ▲ 307% |
| Trade debts44 | €2,344 | €21,411 | €17,735 | €10,180 | ▼ 42.6% |
| Suppliers440/4 | €2,344 | €21,411 | €17,735 | €10,180 | ▼ 42.6% |
| Advances received on contracts in progress46 | - | €60 | €0 | €66 | - |
| Taxes, remuneration and social security45 | €5,034 | €5,261 | €12,313 | €14,837 | ▲ 20.5% |
| Taxes450/3 | €5,034 | €5,011 | €12,313 | €14,837 | ▲ 20.5% |
| Remuneration and social security454/9 | - | €250 | €0 | - | - |
| Other amounts payable47/48 | €3,455 | €0 | - | - | - |
| Accrued charges and deferred income492/3 | €980 | €963 | €0 | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,272 | -€3,377 | €17,539 | €14,219 | ▼ 18.9% |
| + Depreciation and write-downs630 | - | - | €215 | €7,492 | ▲ 3,389% |
| Operating cash flow (approximation) | -€5,272 | -€3,377 | €17,754 | €21,711 | ▲ 22.3% |
| Investment in fixed assets (approximation) | - | - | - | -€16,774 | - |
| Change in cash | - | -€2,428 | €6,271 | €84 | ▼ 98.7% |
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
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €17,539
Net result €17,539 after 2 loss-making years.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Pajottegem · 1 establishment unit since 2021
Ground area
1,147 m²
Building footprint
149 m²
Volume, LiDAR
947 m³
Parcel 23040D0284/00S002, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SAAR
since 20212.352.545.552
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23040D0284/00S002 | Flanders | 1,147 m² | 1 · 149 m² | 10.3 m · 2 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Similar companies · same sector, comparable size
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Of 3,924 companies in sector 71112 we hold annual accounts for 1,294. 1,022 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
Founded22-04-2021
Fiscal year end31-12
Activities, NACEBEL 2025
71112Activities of interior architects
43341Painting of buildings
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.