Saey
ActiveSummary
Saey has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €145k and a net result of €27k. Equity is growing by ~19.8% per year across the filed fiscal years. Its solvency ranks better than 46% of 37956 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
72
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability81▲+3
Solvency79▼-21
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity tight (current ratio 1.42 against 41.31 in 2023; short-term debt: 46.4% and cash: 8.2% of total assets), and 46.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-09-2025, 48 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
48 d late
2023
132 d late
2022
10 d late
2021
57 d late
2020
27 d late
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€145k▼ 9.8%
2023 · €161k
2018: €42k
2019: €62k
2020: €95k
2021: €120k
2022: €149k
2023: €161k
2018 → 2024
Total assets
€271k▲ 64.2%
2023 · €165k
2018: €47k
2019: €65k
2020: €99k
2021: €126k
2022: €154k
2023: €165k
2018 → 2024
Net result
€27k▲ 127%
2023 · €12k
2018: €23k
2019: €20k
2020: €34k
2021: €25k
2022: €29k
2023: €12k
2018 → 2024
Working capital
€53k▼ 67.0%
2023 · €160k
2018: €29k
2019: €51k
2020: €90k
2021: €119k
2022: €148k
2023: €160k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€95k-€120k▲ 26.2%€149k▲ 23.8%€161k▲ 8.1%€145k▼ 9.8%
Operating result€48k-€35k▼ 25.8%€40k▲ 13.5%€17k▼ 56.5%€47k▲ 167%
Net result€34k-€25k▼ 25.9%€29k▲ 14.5%€12k▼ 58.1%€27k▲ 127%
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 167% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €271k
Fixed assets
€92k ▲ 7,475%
Current assets
€178k ▲ 9.0%
Equity and liabilities €271k
Equity
€145k ▼ 9.8%
Debt
€126k ▲ 3,072%
Debt's share of the balance-sheet total rises from 2.4% to 46.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€66k▲
2023 · €18k
Cash flow
€47k▲
2023 · €12k
Current ratio
1.42▼
2023 · 41.31
Debt to equity
0.87▲
2023 · 0.02
ROE
18.7%▲
2023 · 7.5%
ROA
10.0%▲
2023 · 7.3%
Interest coverage
12.25▼
2023 · 418.27
Debt ≤ 1 year
€126k▲
2023 · €4k
Income taxes
€16k▲
2023 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 43 lines
Balance sheet
Code20232024
Assets
Total assets20/58€165k€271k▲
Fixed assets21/28€1k€92k▲
Tangible fixed assets22/27€1k€92k▲
Furniture and vehicles24€1k€92k▲
Financial fixed assets28€99€99=
Current assets29/58€164k€178k▲
Amounts receivable within one year40/41-€5k
Trade receivables40-€4k
Other amounts receivable41-€1k
Current investments50/53€100k€150k▲
Cash at bank and in hand54/58€62k€22k▼
Deferred charges and accrued income490/1€2k€770▼
Equity and liabilities
Total equity and liabilities10/49€165k€271k▲
Equity10/15€161k€145k▼
Contributions10/11€19k€19k=
Reserves13€142k€126k▼
Distributable reserves133€142k€126k▼
Amounts payable17/49€4k€126k▲
Amounts payable within one year42/48€4k€126k▲
Trade debts44€720€3k▲
Suppliers440/4€720€3k▲
Taxes, remuneration and social security45€3k€8k▲
Taxes450/3€3k€8k▲
Other amounts payable47/48€304€114k▲
Income statement
Code20232024
Non-recurring operating income76A-€8k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€275€20k▲
Other operating charges640/8€2k€725▼
Gross operating margin9900€20k€67k▲
Operating profit (loss)9901€17k€47k▲
Financial income75/76B€737€2k▲
Recurring financial income75€737€2k▲
Financial charges65/66B€42€5k▲
Recurring financial charges65€42€5k▲
Profit (loss) for the period before taxes9903€18k€43k▲
Income taxes67/77€6k€16k▲
Profit (loss) for the period9904€12k€27k▲
Profit (loss) for the period to be appropriated9905€12k€27k▲
Appropriation of the result
Profit (loss) to be appropriated9906€12k€27k▲
Transfer from equity791/2-€43k
Transfer to equity691/2€12k€27k▲
To other reserves6921€12k€27k▲
Profit to be distributed694/7-€43k
Return on contributions (dividend)694-€43k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
17-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 48 days late
2024
10-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 132 days late
2023
31-12
Financial
Weakest financial yearnet €12k ▼58.1%
Net result drops to €12k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €150kEq €161k ▲8.1%
6 profitable years in a row build equity to €161k.
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 10 days late
2022
26-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 57 days late
2021
31-12
Financial
Equity above €100kEq €120k ▲26.2%
4 profitable years in a row build equity to €120k.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Highest result since 2018net €34k ▲68.9%
Operating result €48k, net result €34k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Liquidity doublescurrent ratio 18.07
Current ratio from 7.36 to 18.07; short-term debt falls from €4k to €3k.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 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, Denderleeuw · 1 establishment unit since 2018
Ground area
1,148 m²
Building footprint
183 m²
Volume, LiDAR
1,171 m³
Parcel 41011A1165/00W000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Saey
since 20182.273.248.448
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41011A1165/00W000 | Flanders | 1,148 m² | 1 · 183 m² | 8.3 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
JSMC
BE 0844.859.508
Antwerpen · Eq €145,028
Twopointone
BE 1003.072.050
Antwerpen · Eq €145,029
VDG Solutions
BE 0781.893.541
Zemst · Eq €145,033
OldCo193
BE 0833.304.036
Zaventem · Eq €145,012
TALENTPASS
BE 0794.686.356
Oudergem · Eq €145,043
Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 40,863 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-02-2018
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.