SACON
ActiveSACON has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €65k and a net result of €19. Equity is shrinking by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 46% of 7391 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability42▲+5
Solvency65▲+3
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 1.77 against 1.75 in 2024; short-term debt: 44.4% and cash: 8.1% of total assets), but 60.2% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
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
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
39.8%
Return on assets
0%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 d late
2024
26 d late
2023
15 d early
2022
23 d late
2021
33 d late
2020
on the day
2019
on the day
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€65k▼ 2.5%
2024 · €67k
2019: €84k
2020: €100k
2022: €63k
2023: €69k
2024: €67k
2019 → 2025
Total assets
€164k▼ 8.8%
2024 · €180k
2019: €482k
2020: €497k
2022: €192k
2023: €209k
2024: €180k
2019 → 2025
Net result
€19▼ 88.6%
2024 · €168
2019: €9k
2020: €16k
2022: €1k
2023: €7k
2024: €168
2019 → 2025
Working capital
€56k▼ 2.7%
2024 · €57k
2019: €-298k
2020: €-282k
2022: €50k
2023: €57k
2024: €57k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202022202320242025Trend
Equity€100k-€63k▼ 37.0%€69k▲ 8.8%€67k▼ 2.3%€65k▼ 2.5%
Operating result€33k-€14k▼ 58.5%€14k▲ 4.4%€11k▼ 27.2%€7k▼ 31.5%
Net result€16k-€1k▼ 90.8%€7k▲ 397%€168▼ 97.7%€19▼ 88.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 32% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €164k
Fixed assets
€36k▼ 22.5%
Current assets
€129k▼ 4.1%
Equity and liabilities €164k
Equity
€65k▼ 2.5%
Debt
€99k▼ 12.5%
The debt ratio falls from 62.8% to 60.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€18k▼
2024 · €21k
Cash flow
€10k▼
2024 · €10k
Solvency
39.8%▲
2024 · 37.2%
Current ratio
1.77▲
2024 · 1.75
Quick ratio
1.77▲
2024 · 1.75
Debt / equity
1.52▼
2024 · 1.69
ROE
0.0%▼
2024 · 0.3%
ROA
0.0%▼
2024 · 0.1%
Interest coverage
2.74▲
2024 · 2.19
Debt
€99k▼
2024 · €113k
Debt ≤ 1 year
€73k▼
2024 · €77k
Debt > 1 year
€24k▼
2024 · €34k
Income taxes
€814▼
2024 · €1k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€180k€164k▼
Fixed assets21/28€46k€36k▼
Tangible fixed assets22/27€46k€35k▼
Furniture and vehicles24€42k€32k▼
Other tangible fixed assets26€4k€3k▼
Financial fixed assets28€50€50=
Current assets29/58€134k€129k▼
Amounts receivable within one year40/41€118k€110k▼
Trade receivables40€90k€92k▲
Other amounts receivable41€27k€17k▼
Cash at bank and in hand54/58€16k€13k▼
Deferred charges and accrued income490/1€655€6k▲
Equity and liabilities
Total equity and liabilities10/49€180k€164k▼
Equity10/15€67k€65k▼
Contributions10/11€500€500=
Reserves13€67k€65k▼
Distributable reserves133€67k€65k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€113k€99k▼
Amounts payable after more than one year17€34k€24k▼
Financial debts170/4€34k€24k▼
Amounts payable within one year42/48€77k€73k▼
Current portion of amounts payable after more than one year42€10k€10k▲
Financial debts43€15k€259▼
Credit institutions430/8€15k€259▼
Trade debts44€4k€6k▲
Suppliers440/4€4k€6k▲
Taxes, remuneration and social security45€13k€30k▲
Taxes450/3€13k€27k▲
Remuneration and social security454/9€0€3k▲
Other amounts payable47/48€35k€27k▼
Accrued charges and deferred income492/3€2k€2k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€10k=
Other operating charges640/8€2k€2k▼
Non-recurring operating charges66A-€8k
Gross operating margin9900€23k€27k▲
Operating profit (loss)9901€11k€7k▼
Financial income75/76B€397€35▼
Recurring financial income75€397€35▼
Financial charges65/66B€9k€6k▼
Recurring financial charges65€9k€6k▼
Profit (loss) for the period before taxes9903€1k€834▼
Income taxes67/77€1k€814▼
Profit (loss) for the period9904€168€19▼
Profit (loss) for the period to be appropriated9905€168€19▼
Appropriation of the result
Profit (loss) to be appropriated9906€168€19▼
Transfer from equity791/2€2k€2k▼
Transfer to equity691/2€168€19▼
To other reserves6921€168€19▼
Profit to be distributed694/7€2k€2k▼
Return on contributions (dividend)694€2k€2k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Weakest financial yearnet €19 ▼88.6%
Net result drops to €19, the lowest in the series.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
31-12
Financial
Liquidity times 6current ratio 1.66
Current ratio from 0.26 to 1.66; short-term debt falls from €379k to €75k.
02-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 33 days late
2021
31-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Highest result since 2019net €16k ▲66.5%
Operating result €33k, net result €16k, both a record.
30-06
Financial
Equity above €100kEq €100k ▲18.7%
2 profitable years in a row build equity to €100k.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Kluisbergen · 1 establishment unit since 2004
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.
Ommegangstraat 189690 KluisbergenGround area
2,024 m²
Building footprint
250 m²
Volume, LiDAR
1,293 m³
Parcel 45018A0123/00B000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SACON
since 20042.139.569.679
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45018A0123/00B000 | Flanders | 2,024 m² | 1 · 250 m² | 8.7 m · 2 fl. |
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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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BE 0849.628.740
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L'OCEAN H.M.
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Of 29,803 companies in sector 41001 we hold annual accounts for 16,040. 13,208 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-03-1996
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
45211
68201Renting and operating of own or leased residential real estate, excluding social housing
70201
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.