SAC O2
ActiveSAC O2 has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.73M and a net result of €811k. Equity is growing by ~10.5% per year across the filed fiscal years. Its solvency ranks better than 67% of 69 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
81
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+12
Solvency88▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140k at 30 days acceptable
Liquidity ample (current ratio 2.38 against 2.52 in 2023; short-term debt: 33% and cash: 14.1% of total assets), and 37.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 17
Relative position
BE, all sectors
reference
Sector 17
higher
← 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 2024Solvency, return and age of the figures
Solvency
62.8%
Return on assets
29.4%
Age of the figures
21 mo
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 12-06-2025, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
49 d early
2023
43 d early
2022
34 d early
2021
12 d early
2020
46 d early
2019
30 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€1.73M▲ 11.1%
2023 · €1.56M
2018: €981k
2019: €1.05M
2020: €965k
2021: €1.43M
2022: €1.72M
2023: €1.56M
2018 → 2024
Total assets
€2.76M▲ 5.0%
2023 · €2.63M
2018: €1.56M
2019: €1.59M
2020: €2.09M
2021: €2.18M
2022: €2.56M
2023: €2.63M
2018 → 2024
Net result
€811k▲ 99.6%
2023 · €407k
2018: €151k
2019: €69k
2020: €554k
2021: €558k
2022: €519k
2023: €407k
2018 → 2024
Working capital
€1.26M▲ 1.9%
2023 · €1.23M
2018: €843k
2019: €904k
2020: €713k
2021: €1.12M
2022: €1.40M
2023: €1.23M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€965k-€1.43M▲ 48.3%€1.72M▲ 20.0%€1.56M▼ 9.4%€1.73M▲ 11.1%
Operating result€678k-€674k▼ 0.5%€676k▲ 0.2%€516k▼ 23.6%€1.05M▲ 103%
Net result€554k-€558k▲ 0.6%€519k▼ 6.9%€407k▼ 21.7%€811k▲ 99.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 103% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.76M
Fixed assets
€590k▲ 1.1%
Current assets
€2.17M▲ 6.1%
Equity and liabilities €2.76M
Equity
€1.73M▲ 11.1%
Debt
€1.03M▼ 4.0%
The debt ratio falls from 40.7% to 37.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.16M▲
2023 · €630k
Cash flow
€928k▲
2023 · €520k
Solvency
62.8%▲
2023 · 59.3%
Current ratio
2.38▼
2023 · 2.52
Quick ratio
1.49▲
2023 · 1.41
Debt / equity
0.59▼
2023 · 0.69
ROE
46.9%▲
2023 · 26.1%
ROA
29.4%▲
2023 · 15.5%
Interest coverage
85.47▲
2023 · 44.04
Debt
€1.03M▼
2023 · €1.07M
Debt ≤ 1 year
€910k▲
2023 · €809k
Debt > 1 year
€115k▼
2023 · €186k
Income taxes
€223k▲
2023 · €97k
Staff costs
€611k▲
2023 · €545k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€2.63M€2.76M▲
Fixed assets21/28€583k€590k▲
Tangible fixed assets22/27€583k€590k▲
Plant, machinery and equipment23€571k€580k▲
Furniture and vehicles24€5k€4k▼
Other tangible fixed assets26€8k€6k▼
Current assets29/58€2.04M€2.17M▲
Stocks and contracts in progress3€901k€806k▼
Stocks30/36€901k€806k▼
Amounts receivable within one year40/41€733k€973k▲
Trade receivables40€226k€540k▲
Other amounts receivable41€507k€433k▼
Cash at bank and in hand54/58€406k€388k▼
Deferred charges and accrued income490/1€1k€0▼
Equity and liabilities
Total equity and liabilities10/49€2.63M€2.76M▲
Equity10/15€1.56M€1.73M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€1.49M€1.67M▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€1.49M€1.66M▲
Profit (loss) carried forward14€742€137▼
Amounts payable17/49€1.07M€1.03M▼
Amounts payable after more than one year17€186k€115k▼
Financial debts170/4€186k€115k▼
Amounts payable within one year42/48€809k€910k▲
Current portion of amounts payable after more than one year42€69k€71k▲
Trade debts44€117k€147k▲
Suppliers440/4€117k€147k▲
Taxes, remuneration and social security45€53k€54k▲
Taxes450/3€0€3k▲
Remuneration and social security454/9€53k€51k▼
Other amounts payable47/48€570k€638k▲
Accrued charges and deferred income492/3€73k€0▼
Income statement
Code20232024
Non-recurring operating income76A€165€0▼
Remuneration, social security and pensions62€545k€611k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€114k€117k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-2k€0▲
Provisions for liabilities and charges: additions (uses and reversals)635/8€0-
Other operating charges640/8€4k€2k▼
Gross operating margin9900€1.18M€1.78M▲
Operating profit (loss)9901€516k€1.05M▲
Financial income75/76B€1k€1k▼
Recurring financial income75€1k€1k▼
Financial charges65/66B€14k€14k▼
Recurring financial charges65€14k€14k▼
Profit (loss) for the period before taxes9903€503k€1.03M▲
Income taxes67/77€97k€223k▲
Profit (loss) for the period9904€407k€811k▲
Profit (loss) for the period to be appropriated9905€407k€811k▲
Appropriation of the result
Profit (loss) to be appropriated9906€407k€812k▲
Profit (loss) brought forward from the previous period14P€161€742▲
Transfer from equity791/2€162k€0▼
Transfer to equity691/2€0€174k▲
To other reserves6921€0€174k▲
Profit to be distributed694/7€568k€638k▲
Return on contributions (dividend)694€500k€500k=
Directors or managers695€68k€138k▲
Social balance
Average headcount (FTE)90879.210.3▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
12-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €811k ▲99.6%
Operating result €1.05M, net result €811k, both a record.
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity doublescurrent ratio 3.75
Current ratio from 1.82 to 3.75; short-term debt falls from €870k to €406k.
31-12
Financial
Equity above €1MEq €1.43M ▲48.3%
4 profitable years in a row build equity to €1.43M.
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €69k ▼54%
Net result drops to €69k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €1MEq €1.05M ▲7.1%
2 profitable years in a row build equity to €1.05M.
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
25-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
12 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 1994
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.
Veldeken 299850 DeinzeGround area
2,201 m²
Building footprint
1,726 m²
Volume, LiDAR
273 m³
Parcel 44027A0962/02C000, Flanders · tallest building 5.1 m. Linked by address, not a title deed.
1 establishment unit
Veldeken 29, 9850 Deinze
since 19942.065.171.471
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44027A0962/02C000 | Flanders | 2,201 m² | 1 · 1,726 m² | 5.1 m |
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.
Public money · subsidies and aid
Flemish government
2024 to 2025 · 3 entries · 8,497 EUR awarded · 9,817 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 4,567 EUR | 4,567 EUR |
| 2024 | 2 | 3,930 EUR | 5,250 EUR |
Schemes
Subsidies voor internationaal ondernemen
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteDeinze2.065.171.471
Similar companies · same sector, comparable size
BRANGS EN HEINRICH
BE 0444.551.988
Dison · Eq €1.73M
Mavane
BE 0402.681.147
Waterloo · Eq €1.68M
ROTACOL
BE 0450.602.909
Andenne · Eq €1.65M
Belgian Paper Convertors
BE 0451.618.934
Sint-Katelijne-Waver · Eq €1.87M
GROUPE TREHOUT PLV
BE 0444.003.345
Estaimpuis · Eq €2.05M
Of 125 companies in sector 17120 we hold annual accounts for 92. 53 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded14-12-1993
Fiscal year end31-12
Activities, NACEBEL
17120Manufacture of paper and paper products
21121
22220Manufacture of rubber and plastic products
Sources
Crossroads Bank for EnterprisesNational Bank · 31 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.