Losses
-€681,718 in three years
Every financial year from 2023 to 2025 closed with a loss. 2024 was the heaviest.
SADEGO
Lifetime
3 annual accounts with figures on one time axispeak €439,518 (2023)
€184,962▲ €214,452
lowest -€347,608 (2024)
-€185,658▲ €161,950
peak €867,986 (2024)
€682,328▼ 21.4%
€8.3m▲ 21.3%
peak 0 FTE (2023)
0 FTE
Board2 names since 2022
2 directorsDimitri Saerens and 1 other
Owners
80%STEENBERG
Documentsfilings and deeds
31-08-202631 days late
2025abbreviated format
Gross margin from -€29,490 to €184,962Loss of €185,658Equity from €867,986 to €682,328Debts from €6.9m to €8.3mInvestments €1.1mCash from €128,731 to €319,031
Key points
from the 2025 annual accountsDebts
€8.3m 92% of the balance sheet
Financial debts 97%Suppliers 0%Taxes and wages 0%Other 3%
€5.8m of the debts are secured on the company's own assets. In 2023 that was €4.8m.
Investments
€1.2m 8.6 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 16.5% higher than in 2024.
Liquidity
2.41 was 0.22 in 2024
Short-term debts fell from €1.1m to €243,657.
Filings
3 annual accounts 2 late
The 2023 accounts came latest: 61 days after the end of the period.
At the same address
14 companies
Checked score
81
Excellent
Financially stronger than 29% of small companies without a NACE code
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.4%▲ +0.1 percentage points vs 02-2025
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.5%▲ +0.1 percentage points vs 05-2025
07-2025: 0.5%● unchanged vs 06-2025
08-2025: 0.7%▲ +0.2 percentage points vs 07-2025
09-2025: 0.3%▼ -0.4 percentage points vs 08-2025lowest value
10-2025: 0.3%● unchanged vs 09-2025lowest value
11-2025: 0.3%● unchanged vs 10-2025lowest value
12-2025: 0.3%● unchanged vs 11-2025lowest value
01-2026: 0.4%▲ +0.1 percentage points vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.5%▲ +0.1 percentage points vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026
08-2026: 0.7%▲ +0.2 percentage points vs 07-2026highest value
09-2026: 0.4%▼ -0.3 percentage points vs 08-2026
10-2026: 0.4%● unchanged vs 09-2026
11-2026: 0.4%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Last filed accounts filed 31 days late; 2 of the last 3 accounts late
lowers risk
Size: total assets €9.0m
No main activity registered
Figures for financial year 2025 (filed on 01-09-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, small). It does better than 19% of them on solvency, 72% on liquidity, 15% on profitability and 11% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 403 companies had the same profile as SADEGO has now. Each dot is one company, two years later.
96.3%
were still trading
2.7%
stopped another way
1.0%
went bankrupt
That fits the bankruptcy probability of SADEGO itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 403 companies, not a prediction for SADEGO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €55,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.41 (0.22 in 2024), above the usual 1.5. Short-term debt is 2.7% and cash 3.5% of total assets. However, 92.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
232425
2023 to 2025 · latest year -€185,658
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 3 filingsDeviation from the deadline
2025
31 days late
2024
on the day
2023
61 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 3 accounts on average 31 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (3 of the last 3 accounts filed within 31 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0782433177
New establishment in Namur
Rue de Gembloux 666
Incorporation
Founding capital of €400,000, 100 shares · Founders: STEENBERG; GODTS, Nicolas Anthony Christophe · Appointments: STEENBERG (director) and SAERENS, Dimitri (director) · published on 23-02-2022 · Gazette deed
First establishment
Zwitserlandstraat 2, Sint-Gillis (bij-Brussel)
Official details
Source: KBO- Status
- Active since 21-02-2022Normal situation
- Registered office
- 16 active companies are registered at this addressSource: KBO register, as of 9 November 2026.
- Activity
- Renting and operating of own or leased residential real estate, excluding social housingNACE 68201and 2 others
- Establishment units
- 2.330.755.9861060 Sint-Gillis (bij-Brussel), since 21-02-2022
- 2.387.454.9615020 Namur, since 01-01-2026
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Insights on SADEGO
SADEGO files the abbreviated format. That format states no turnover. The gross margin fell from €439,518 in 2023 to €184,962 in 2025.
The balance sheet grew most from 2024 to 2025 through fixed assets, financed with long-term debt.
STEENBERG holds 80% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SADEGO
- What is the company number of SADEGO?
- The company number of SADEGO is 0782.433.177. The VAT number is the same number with BE in front: BE 0782.433.177.
- Where is SADEGO based?
- The registered office is at Zwitserlandstraat 2, 1060 Sint-Gillis (bij-Brussel).Company details
- What is the legal form of SADEGO?
- SADEGO is a private limited company (BV).
- When was SADEGO founded?
- SADEGO was founded on 21-02-2022.
- Is SADEGO still active?
- Yes, SADEGO is an active enterprise in the KBO register.
- What is the turnover of SADEGO?
- The turnover in financial year 2025 is ≈ €470,000. This figure is estimated from the gross margin of €184,962 and 1,647 comparable companies of the same size. It probably lies between €290,000 and €880,000. It is a rough estimate.Financials
- Is SADEGO profitable?
- In financial year 2025, SADEGO made a loss of €185,658.
- Where can I find the annual accounts of SADEGO?
- SADEGO filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SADEGO due?
- SADEGO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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