SADECHAF
ActiveSADECHAF has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.13M and a net result of €42k. Equity is growing by ~16.8% per year across the filed fiscal years. Its solvency ranks better than 64% of 7931 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
72
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability71▼-10
Solvency84▲+1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity ample (current ratio 1.87 against 1.85 in 2024; short-term debt: 38.2% and cash: 7% of total assets), and 41.4% 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
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
58.6%
Return on assets
2.2%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
9 d early
2023
8 d early
2022
24 d early
2021
29 d late
2020
4 d early
2019
42 d early
← 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.13M▲ 6.3%
2024 · €1.07M
2018: €389k
2019: €494k
2020: €442k
2021: €538k
2022: €541k
2023: €736k
2024: €1.07M
2018 → 2025
Total assets
€1.94M▲ 5.4%
2024 · €1.84M
2018: €1.14M
2019: €1.39M
2020: €1.42M
2021: €1.36M
2022: €1.29M
2023: €1.67M
2024: €1.84M
2018 → 2025
Net result
€42k▼ 76.1%
2024 · €177k
2018: €65k
2019: €105k
2020: €-52k
2021: €131k
2022: €3k
2023: €142k
2024: €177k
2018 → 2025
Working capital
€640k▲ 13.0%
2024 · €566k
2018: €428k
2019: €282k
2020: €270k
2021: €360k
2022: €376k
2023: €376k
2024: €566k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€538k-€541k▲ 0.5%€736k▲ 36.1%€1.07M▲ 45.0%€1.13M▲ 6.3%
Operating result€179k-€35k▼ 80.4%€197k▲ 461%€220k▲ 11.7%€19k▼ 91.3%
Net result€131k-€3k▼ 97.9%€142k▲ 5,181%€177k▲ 25.0%€42k▼ 76.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 91% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.94M
Fixed assets
€556k▼ 8.1%
Current assets
€1.38M▲ 12.0%
Equity and liabilities €1.94M
Equity
€1.13M▲ 6.3%
Debt
€801k▲ 4.2%
The debt ratio falls from 41.9% to 41.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€220k▼
2024 · €365k
Cash flow
€243k▼
2024 · €321k
Solvency
58.6%▲
2024 · 58.1%
Current ratio
1.87▲
2024 · 1.85
Quick ratio
1.10▲
2024 · 0.99
Debt / equity
0.71▼
2024 · 0.72
ROE
3.7%▼
2024 · 16.6%
ROA
2.2%▼
2024 · 9.6%
Interest coverage
6.99▼
2024 · 8.57
Debt
€801k▲
2024 · €769k
Debt ≤ 1 year
€740k▲
2024 · €666k
Debt > 1 year
€43k▼
2024 · €88k
Income taxes
€15k▼
2024 · €48k
Staff costs
€911k▲
2024 · €888k
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€1.84M€1.94M▲
Fixed assets21/28€604k€556k▼
Intangible fixed assets21€377k€411k▲
Tangible fixed assets22/27€227k€145k▼
Plant, machinery and equipment23€95k€49k▼
Furniture and vehicles24€8k€5k▼
Other tangible fixed assets26€124k€90k▼
Financial fixed assets28€31€31=
Current assets29/58€1.23M€1.38M▲
Stocks and contracts in progress3€572k€569k▼
Stocks30/36€528k€569k▲
Contracts in progress37€44k€0▼
Amounts receivable within one year40/41€377k€624k▲
Trade receivables40€315k€516k▲
Other amounts receivable41€62k€108k▲
Cash at bank and in hand54/58€242k€135k▼
Deferred charges and accrued income490/1€41k€53k▲
Equity and liabilities
Total equity and liabilities10/49€1.84M€1.94M▲
Equity10/15€1.07M€1.13M▲
Contributions10/11€19k€19k=
Reserves13€841k€883k▲
Non-distributable reserves130/1€12k€12k=
Other1319€12k€12k=
Distributable reserves133€828k€871k▲
Investment grants15€208k€233k▲
Amounts payable17/49€769k€801k▲
Amounts payable after more than one year17€88k€43k▼
Financial debts170/4€88k€43k▼
Amounts payable within one year42/48€666k€740k▲
Current portion of amounts payable after more than one year42€82k€59k▼
Financial debts43€12k€0▼
Credit institutions430/8€12k€0▼
Trade debts44€188k€181k▼
Suppliers440/4€188k€181k▼
Advances received on contracts in progress46€0€103k▲
Taxes, remuneration and social security45€180k€207k▲
Taxes450/3€39k€57k▲
Remuneration and social security454/9€141k€149k▲
Other amounts payable47/48€203k€191k▼
Accrued charges and deferred income492/3€15k€19k▲
Income statement
Code20242025
Remuneration, social security and pensions62€888k€911k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€145k€201k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€24k€7k▼
Other operating charges640/8€13k€3k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€1.29M€1.14M▼
Operating profit (loss)9901€220k€19k▼
Financial income75/76B€47k€70k▲
Recurring financial income75€47k€70k▲
Non-recurring financial income76B-€0
Financial charges65/66B€43k€31k▼
Recurring financial charges65€43k€31k▼
Profit (loss) for the period before taxes9903€225k€57k▼
Income taxes67/77€48k€15k▼
Profit (loss) for the period9904€177k€42k▼
Profit (loss) for the period to be appropriated9905€177k€42k▼
Appropriation of the result
Profit (loss) to be appropriated9906€177k€42k▼
Profit (loss) brought forward from the previous period14P€0-
Transfer to equity691/2€177k€42k▼
To other reserves6921€177k€42k▼
Social balance
Average headcount (FTE)90877.37.2▼
The notes to these accounts (22 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
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €177k ▲25%
Operating result €220k, net result €177k, both a record.
31-12
Financial
Equity above €1MEq €1.07M ▲45%
4 profitable years in a row build equity to €1.07M.
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2021
31-12
Financial
Back to profitnet €131k
Net result €131k after one loss-making year.
31-12
Financial
Equity above €500kEq €538k ▲21.8%
Equity rises from €442k to €538k.
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-52k ▼150%
Net result drops to €-52k, the lowest in the series; recovery starts the following year.
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Turnhout · 1 establishment unit since 1992
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.
Slachthuisstraat 1202300 TurnhoutGround area
15.6 ha
Building footprint
2.7 ha
Volume, LiDAR
248,421 m³
2 parcels, Flanders · tallest building 21.9 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
SADECHAF UV.
since 19922.056.995.559
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13453O0959/00N004 | Flanders | 13.4 ha | 1 · 2.5 ha | 18.2 m · 3 fl. |
| 13453O0372/00D003 | Flanders | 2.2 ha | 1 · 2,046 m² | 21.9 m · 7 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
2022 to 2025 · 12 entries · 181,745 EUR awarded · 99,410 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 4 | 4,161 EUR | 4,161 EUR |
| 2024 | 3 | 3,830 EUR | 48,687 EUR |
| 2023 | 2 | 467 EUR | 45,434 EUR |
| 2022 | 3 | 173,287 EUR | 1,128 EUR |
Schemes
Ontwikkelingsproject
Vlaams opleidingsverlof (VOV)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Subsidies voor internationaal ondernemen
European research
1 project · 172,046 EUR EU contributionProgrammes
HORIZON
Projects
Digitalization of Power Electronic Applications within Key Technology Value Chains
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Of 1,246 companies in sector 46643 we hold annual accounts for 954. 691 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-03-1992
Fiscal year end31-12
Activities, NACEBEL
46643Wholesale of electrical equipment, including installation materials
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.