SAGA FLANDERS
ActiveSummary
The computed 12-month bankruptcy probability of SAGA FLANDERS is 1.6% (moderate). The 2025 annual accounts show negative equity (€-9k) and a net result of €-495. Equity is shrinking by ~16.5% per year across the filed fiscal years. Its solvency ranks better than 5% of 1518 sector peers (fiscal year 2025). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
32
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
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
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 2025Age of the figures
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 59
Relative position
BE, all sectors
reference
Sector 59
lower
← 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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-9k
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
10 d early
2023
2 d early
2022
5 d early
2021
10 d late
2020
20 d late
2019
62 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-9k▼ 6.2%
2024 · €-8k
2018: €-2k
2019: €-3k
2020: €-4k
2021: €-5k
2022: €-7k
2023: €-8k
2024: €-8k
2018 → 2025
Total assets
€3▼ 87.5%
2024 · €22
2018: €492
2019: €328
2020: €1
2021: €5
2022: €0
2023: €116
2024: €22
2018 → 2025
Net result
€-495▼ 3.0%
2024 · €-481
2018: €-1k
2019: €-1k
2020: €-1k
2021: €-87
2022: €-2k
2023: €-848
2024: €-481
2018 → 2025
Working capital
€-9k▼ 6.2%
2024 · €-8k
2018: €-2k
2019: €-3k
2020: €-4k
2021: €-5k
2022: €-7k
2023: €-8k
2024: €-8k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-5k-€-7k▼ 47.2%€-8k▼ 12.6%€-8k▼ 6.4%€-9k▼ 6.2%
Operating result€-64-€-2k▼ 3,210%€-817▲ 61.4%€-451▲ 44.8%€-465▼ 3.2%
Net result€-87-€-2k▼ 2,376%€-848▲ 60.6%€-481▲ 43.2%€-495▼ 3.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €465 in 2025 against €451 in 2024; the loss grows.
Key figures and ratios
Debt
€9k▲
2024 · €8k
Debt ≤ 1 year
€9k▲
2024 · €8k
Ratios withheld: a balance sheet total of €3 is too small for a meaningful ratio.
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 · 2025 against 2024 · 25 lines
Balance sheet
Code20242025
Assets
Total assets20/58€22€3▼
Formation expenses20€0€0=
Fixed assets21/28€0€0=
Intangible fixed assets21€0€0=
Current assets29/58€22€3▼
Cash at bank and in hand54/58€22€3▼
Equity and liabilities
Total equity and liabilities10/49€22€3▼
Equity10/15€-8k€-9k▼
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-27k€-28k▼
Amounts payable17/49€8k€9k▲
Amounts payable within one year42/48€8k€9k▲
Trade debts44€450€450=
Suppliers440/4€450€450=
Other amounts payable47/48€8k€8k▲
Income statement
Code20242025
Other operating charges640/8€451€465▲
Gross operating margin9900€0€0=
Operating profit (loss)9901€-451€-465▼
Financial charges65/66B€30€30=
Recurring financial charges65€30€30=
Profit (loss) for the period before taxes9903€-481€-495▼
Profit (loss) for the period9904€-481€-495▼
Profit (loss) for the period to be appropriated9905€-481€-495▼
Appropriation of the result
Profit (loss) to be appropriated9906€-27k€-28k▼
Profit (loss) brought forward from the previous period14P€-27k€-27k▼
The notes to these accounts (1 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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
21-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-2k
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
10-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 10 days late
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
01-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 62 days late
2019
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Elsene · 1 establishment unit since 2012
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.
Zwemkunststraat 221050 ElseneGround area
127 m²
Building footprint
67 m²
Volume, LiDAR
803 m³
Parcel 21443A0095/00R006, Brussels · tallest building 15.8 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
SAGA FLANDERS
since 20122.209.395.724
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21443A0095/00R006 | Brussels | 127 m² | 1 · 67 m² | 15.8 m · 4 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
ADKISS
BE 0773.605.880
Elsene · Eq €8,620
AMAII
BE 1007.691.725
Schaarbeek · Eq €8,683
PRODUCTION CONCEPT Belgium
BE 0477.541.292
Eupen · Eq €8,396
RHIZOME PRODUCTIONS SRL
BE 0732.546.473
Ukkel · Eq €8,739
FLOU PRODUCTION
BE 1011.256.078
Ans · Eq €8,790
Of 1,322 companies in sector 59111 we hold annual accounts for 688. 406 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
Founded14-05-2012
Fiscal year end31-12
Activities, NACEBEL 2025
59111Production of cinema films
59112Motion picture, video and television programme production, sound recording and music publishing activities
59113Video and film production, excluding cinema and television films
59120Post-production of films, video and television programmes
59130Motion picture, video and television programme production, sound recording and music publishing activities
59203Motion picture, video and television programme production, sound recording and music publishing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.