SAG CONSTRUCTIONS
ActiveSAG CONSTRUCTIONS has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €74k and a net result of €11k. Equity is growing by ~13.3% per year across the filed fiscal years. Its solvency ranks better than 54% of 36373 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
56
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability58▼-16
Solvency75▲+5
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 2.12 against 1.79 in 2023; short-term debt: 35.1% and cash: 1.2% of total assets), and 49.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+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 →
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
50.4%
Return on assets
7.8%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-09-2025, 56 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
56 d late
2023
71 d late
2022
68 d late
2021
99 d late
2020
30 d late
2019
102 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€74k▲ 6.5%
2023 · €70k
2018: €22k
2019: €35k
2020: €52k
2021: €59k
2022: €63k
2023: €70k
2018 → 2024
Total assets
€147k▼ 4.9%
2023 · €155k
2018: €25k
2019: €56k
2020: €88k
2021: €84k
2022: €85k
2023: €155k
2018 → 2024
Net result
€11k▲ 71.0%
2023 · €7k
2018: €10k
2019: €13k
2020: €17k
2021: €7k
2022: €4k
2023: €7k
2018 → 2024
Working capital
€58k▲ 29.5%
2023 · €45k
2018: €18k
2019: €38k
2020: €44k
2021: €51k
2022: €51k
2023: €45k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€52k-€59k▲ 12.6%€63k▲ 7.0%€70k▲ 10.7%€74k▲ 6.5%
Operating result€21k-€9k▼ 56.6%€8k▼ 11.6%€17k▲ 108%€31k▲ 85.4%
Net result€17k-€7k▼ 61.4%€4k▼ 37.3%€7k▲ 62.3%€11k▲ 71.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 85% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €147k
Fixed assets
€38k▼ 29.5%
Current assets
€110k▲ 8.1%
Equity and liabilities €147k
Equity
€74k▲ 6.5%
Debt
€73k▼ 14.2%
The debt ratio falls from 54.9% to 49.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€56k▲
2023 · €32k
Cash flow
€36k▲
2023 · €22k
Solvency
50.4%▲
2023 · 45.1%
Current ratio
2.12▲
2023 · 1.79
Quick ratio
2.12▲
2023 · 1.79
Debt / equity
0.98▼
2023 · 1.22
ROE
15.5%▲
2023 · 9.7%
ROA
7.8%▲
2023 · 4.3%
Interest coverage
3.56▼
2023 · 5.97
Debt
€73k▼
2023 · €85k
Debt ≤ 1 year
€52k▼
2023 · €57k
Debt > 1 year
€21k▼
2023 · €28k
Income taxes
€5k▼
2023 · €6k
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€155k€147k▼
Fixed assets21/28€53k€38k▼
Tangible fixed assets22/27€53k€38k▼
Furniture and vehicles24€53k€38k▼
Current assets29/58€101k€110k▲
Amounts receivable within one year40/41€62k€72k▲
Trade receivables40€51k€59k▲
Other amounts receivable41€11k€14k▲
Cash at bank and in hand54/58€38k€2k▼
Deferred charges and accrued income490/1€1k€36k▲
Equity and liabilities
Total equity and liabilities10/49€155k€147k▼
Equity10/15€70k€74k▲
Contributions10/11€12k€12k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€55k€60k▲
Amounts payable17/49€85k€73k▼
Amounts payable after more than one year17€28k€21k▼
Financial debts170/4€28k€21k▼
Amounts payable within one year42/48€57k€52k▼
Current portion of amounts payable after more than one year42€12k€7k▼
Trade debts44€39k€28k▼
Suppliers440/4€39k€28k▼
Taxes, remuneration and social security45€5k€10k▲
Taxes450/3€5k€10k▲
Other amounts payable47/48€448€7k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€25k▲
Other operating charges640/8€3k€2k▼
Gross operating margin9900€35k€58k▲
Operating profit (loss)9901€17k€31k▲
Financial income75/76B€874€1k▲
Recurring financial income75€874€1k▲
Financial charges65/66B€5k€16k▲
Recurring financial charges65€5k€16k▲
Profit (loss) for the period before taxes9903€12k€17k▲
Income taxes67/77€6k€5k▼
Profit (loss) for the period9904€7k€11k▲
Profit (loss) for the period to be appropriated9905€7k€11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€55k€67k▲
Profit (loss) brought forward from the previous period14P€49k€55k▲
Profit to be distributed694/7-€7k
Directors or managers695-€7k
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
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 56 days late
2024
10-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 71 days late
2023
07-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 68 days late
2022
31-12
Financial
Weakest financial yearnet €4k ▼37.3%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
07-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 99 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Highest result since 2018net €17k ▲32.4%
Net result €17k, the highest in the series.
10-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 102 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2020
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
27-03-2020
Resigned as Manager
Location & real-estate footprint
Registered office, Londerzeel · 1 establishment unit since 2021
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.
Meerstraat 1361840 LonderzeelGround area
2,249 m²
Building footprint
335 m²
Volume, LiDAR
1,541 m³
Parcel 23045C0617/00T000, Flanders · tallest building 11.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
SAG CONSTRUCTIONS
since 20212.318.847.158
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23045C0617/00T000 | Flanders | 2,249 m² | 1 · 335 m² | 11.1 m · 1 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
ConstruBloc
BE 0715.803.382
Anderlecht · Eq €74k
Profi-Ren
BE 0785.332.883
Zaventem · Eq €74k
JPTC
BE 0552.648.293
Maasmechelen · Eq €74k
BOMA - SERVICE
BE 0437.820.782
Gent · Eq €74k
COLOR & AMOR
BE 0847.656.670
Brussel · Eq €74k
Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 6,241 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-10-2017
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43990Other specialised construction activities
43999Specialised construction activities
81210General cleaning of buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.