SADEGRO
ActiveSADEGRO has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €86k and a net result of €12k. Equity is growing by ~11.9% per year across the filed fiscal years. Its solvency ranks better than 57% of 36375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability78▲+6
Solvency78▲+12
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity short (current ratio 0.11 against 0.07 in 2023; short-term debt: 43.6% and cash: 1.2% of total assets), and 47.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 43
Relative position
BE, all sectors
reference
Sector 43
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
52.6%
Return on assets
7.1%
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 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
37 d early
2022
35 d early
2021
13 d early
2020
25 d early
2019
16 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€86k▲ 15.5%
2023 · €75k
2018: €42k
2019: €52k
2020: €54k
2021: €59k
2022: €69k
2023: €75k
2018 → 2024
Total assets
€163k▼ 9.7%
2023 · €181k
2018: €250k
2019: €234k
2020: €216k
2021: €198k
2022: €199k
2023: €181k
2018 → 2024
Net result
€12k▲ 121%
2023 · €5k
2018: €3k
2019: €9k
2020: €2k
2021: €5k
2022: €10k
2023: €5k
2018 → 2024
Working capital
€-63k▲ 18.4%
2023 · €-77k
2018: €-54k
2019: €-52k
2020: €-57k
2021: €-62k
2022: €-68k
2023: €-77k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€54k-€59k▲ 10.0%€69k▲ 17.0%€75k▲ 7.5%€86k▲ 15.5%
Operating result€9k-€16k▲ 78.5%€18k▲ 10.3%€11k▼ 40.6%€17k▲ 58.7%
Net result€2k-€5k▲ 163%€10k▲ 87.9%€5k▼ 48.3%€12k▲ 121%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 59% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €163k
Fixed assets
€155k▼ 11.5%
Current assets
€8k▲ 46.4%
Equity and liabilities €163k
Equity
€86k▲ 15.5%
Debt
€77k▼ 27.3%
The debt ratio falls from 58.8% to 47.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€37k▲
2023 · €31k
Cash flow
€32k▲
2023 · €25k
Solvency
52.6%▲
2023 · 41.2%
Current ratio
0.11▲
2023 · 0.07
Quick ratio
0.11▲
2023 · 0.07
Debt / equity
0.90▼
2023 · 1.43
ROE
13.4%▲
2023 · 7.0%
ROA
7.1%▲
2023 · 2.9%
Interest coverage
28.38▲
2023 · 11.98
Debt
€77k▼
2023 · €107k
Debt ≤ 1 year
€71k▼
2023 · €83k
Debt > 1 year
€6k▼
2023 · €24k
Income taxes
€4k▲
2023 · €3k
Staff costs
€428
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€181k€163k▼
Fixed assets21/28€175k€155k▼
Tangible fixed assets22/27€175k€155k▼
Land and buildings22€159k€143k▼
Plant, machinery and equipment23€3k€3k▼
Furniture and vehicles24€13k€9k▼
Financial fixed assets28€19€19=
Current assets29/58€6k€8k▲
Amounts receivable within one year40/41€4k€6k▲
Trade receivables40€3k€6k▲
Other amounts receivable41€1k€0▼
Cash at bank and in hand54/58€2k€2k▲
Deferred charges and accrued income490/1€0€562▲
Equity and liabilities
Total equity and liabilities10/49€181k€163k▼
Equity10/15€75k€86k▲
Contributions10/11€19k€19k=
Reserves13€56k€56k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€56k€56k=
Profit (loss) carried forward14-€12k
Amounts payable17/49€107k€77k▼
Amounts payable after more than one year17€24k€6k▼
Financial debts170/4€24k€6k▼
Amounts payable within one year42/48€83k€71k▼
Current portion of amounts payable after more than one year42€33k€18k▼
Trade debts44€1k€3k▲
Suppliers440/4€1k€3k▲
Taxes, remuneration and social security45€4k€2k▼
Taxes450/3€4k€2k▼
Other amounts payable47/48€44k€48k▲
Income statement
Code20232024
Remuneration, social security and pensions62-€428
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€20k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€33k€40k▲
Operating profit (loss)9901€11k€17k▲
Financial income75/76B€11€0▼
Recurring financial income75€11€0▼
Financial charges65/66B€3k€1k▼
Recurring financial charges65€3k€1k▼
Profit (loss) for the period before taxes9903€8k€16k▲
Income taxes67/77€3k€4k▲
Profit (loss) for the period9904€5k€12k▲
Profit (loss) for the period to be appropriated9905€5k€12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€5k€12k▲
Transfer to equity691/2€5k€0▼
To other reserves6921€5k€0▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €12k ▲121%
Net result €12k, the highest in the series.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €2k ▼78%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
14-07
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
5 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, Brugge · 1 establishment unit since 2003
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.
Nachtegalendreef 28200 BruggeGround area
796 m²
Building footprint
143 m²
Volume, LiDAR
802 m³
Parcel 31030A0304/00X000, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Nachtegalendreef 2, 8200 Brugge
since 20032.123.226.070
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31030A0304/00X000 | Flanders | 796 m² | 1 · 143 m² | 9.2 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.
Similar companies · same sector, comparable size
HANOT LOUIS
BE 0870.096.928
Genk · Eq €86k
Berkmans Roel
BE 0753.704.549
Lommel · Eq €86k
P.M. ELECTRIC
BE 0554.959.962
Amel · Eq €86k
FB ELEC
BE 0784.764.246
Donceel · Eq €86k
MIND ELEC
BE 0681.892.776
Courcelles · Eq €86k
Of 22,822 companies in sector 43211 we hold annual accounts for 10,324. 8,813 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-01-2003
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
33140Repair and maintenance of electrical equipment
35150Electricity, gas, steam and air conditioning supply
43212Electrical installation work in industrial facilities
68110Buying and selling of own real estate
70200Business and other management consultancy
70220Business consulting
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 21 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.