SAGA II
ActiveSAGA II has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.02M and a net result of €59k. Equity is growing by ~13.6% per year across the filed fiscal years. Its solvency ranks better than 59% of 3184 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
87
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▼-2
Solvency89▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85k at 30 days acceptable
Liquidity ample (current ratio 4.69 against 6.88 in 2024; short-term debt: 9.4% and cash: 29.6% of total assets), and 36.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
63.7%
Return on assets
3.7%
Age of the figures
15 mo
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
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 10-02-2026, 10 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
10 d late
2024
4 d early
2023
on the day
2022
1 d early
2021
4 d early
2020
9 d late
2019
4 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close21-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€59k▼ 20.6%
2024 · €74k
2019: €220k
2020: €132k
2021: €136k
2022: €159k
2023: €60k
2024: €74k
2019 → 2025
Working capital
€560k▲ 5.9%
2024 · €529k
2019: €210k
2020: €420k
2021: €372k
2022: €477k
2023: €486k
2024: €529k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€650k-€831k▲ 27.8%€891k▲ 7.2%€965k▲ 8.3%€1.02M▲ 6.1%
Operating result€232k-€235k▲ 1.3%€111k▼ 52.7%€104k▼ 5.8%€100k▼ 4.0%
Net result€136k-€159k▲ 16.6%€60k▼ 62.3%€74k▲ 24.1%€59k▼ 20.6%
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 4% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.61M
Fixed assets
€896k▼ 4.1%
Current assets
€712k▲ 15.0%
Equity and liabilities €1.61M
Equity
€1.02M▲ 6.1%
Debt
€584k▼ 0.7%
The debt ratio falls from 37.9% to 36.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€139k▼
2024 · €143k
Cash flow
€97k▼
2024 · €113k
Solvency
63.7%▲
2024 · 62.1%
Current ratio
4.69▼
2024 · 6.88
Quick ratio
4.69▼
2024 · 6.88
Debt / equity
0.57▼
2024 · 0.61
ROE
5.8%▼
2024 · 7.7%
ROA
3.7%▼
2024 · 4.8%
Interest coverage
13.61▲
2024 · 12.53
Debt
€584k▼
2024 · €588k
Debt ≤ 1 year
€152k▲
2024 · €90k
Debt > 1 year
€421k▼
2024 · €492k
Income taxes
€48k▲
2024 · €25k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.55M€1.61M▲
Fixed assets21/28€935k€896k▼
Tangible fixed assets22/27€935k€896k▼
Land and buildings22€923k€890k▼
Plant, machinery and equipment23€2k€444▼
Furniture and vehicles24€10k€6k▼
Current assets29/58€619k€712k▲
Amounts receivable within one year40/41€92k€183k▲
Trade receivables40€39k€97k▲
Other amounts receivable41€53k€86k▲
Current investments50/53€400k€50k▼
Cash at bank and in hand54/58€126k€477k▲
Deferred charges and accrued income490/1€332€2k▲
Equity and liabilities
Total equity and liabilities10/49€1.55M€1.61M▲
Equity10/15€965k€1.02M▲
Contributions10/11€12k€12k=
Reserves13€624k€664k▲
Non-distributable reserves130/1€5k€5k=
Reserves not available under the articles1311€5k€5k=
Tax-exempt reserves132€234k€75k▼
Distributable reserves133€385k€585k▲
Profit (loss) carried forward14€328k€347k▲
Amounts payable17/49€588k€584k▼
Amounts payable after more than one year17€492k€421k▼
Financial debts170/4€492k€421k▼
Amounts payable within one year42/48€90k€152k▲
Current portion of amounts payable after more than one year42€71k€72k▲
Trade debts44€5k€7k▲
Suppliers440/4€5k€7k▲
Taxes, remuneration and social security45€4k€73k▲
Taxes450/3€4k€73k▲
Other amounts payable47/48€10k-
Accrued charges and deferred income492/3€6k€10k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39k€38k▼
Other operating charges640/8€9k€10k▲
Gross operating margin9900€152k€149k▼
Operating profit (loss)9901€104k€100k▼
Financial income75/76B€6k€17k▲
Recurring financial income75€6k€17k▲
Financial charges65/66B€11k€10k▼
Recurring financial charges65€11k€10k▼
Profit (loss) for the period before taxes9903€99k€107k▲
Income taxes67/77€25k€48k▲
Profit (loss) for the period9904€74k€59k▼
Transfer from tax-exempt reserves789-€160k
Transfer to tax-exempt reserves689€37k-
Profit (loss) for the period to be appropriated9905€38k€219k▲
Appropriation of the result
Profit (loss) to be appropriated9906€363k€547k▲
Profit (loss) brought forward from the previous period14P€326k€328k▲
Transfer to equity691/2€35k€200k▲
To other reserves6921€35k€200k▲
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
Next filing, fiscal year 2026, expected by
2026
10-02
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 10 days late
2025
30-06
Financial
Weakest financial yearnet €59k ▼20.6%
Net result drops to €59k, the lowest in the series.
30-06
Financial
Equity above €1MEq €1.02M ▲6.1%
7 profitable years in a row build equity to €1.02M.
27-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
27-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
09-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 9 days late
2020
30-06
Financial
Liquidity doublescurrent ratio 3.89
Current ratio from 1.93 to 3.89; short-term debt falls from €225k to €145k.
30-06
Financial
Equity above €500kEq €514k ▲34.6%
2 profitable years in a row build equity to €514k.
04-02
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 4 days late
2019
22-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
08-02
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 8 days late
2017
28-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 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 2014
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.
12-11-2014
Resigned as Managing director
Location & real-estate footprint
Registered office, Mouscron · 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.
Molensstraat 767700 MouscronGround area
3,956 m²
Building footprint
216 m²
Parcel 54433E0813/00E000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Molensstraat 76, 7700 Mouscron
since 20122.217.790.677
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 54433E0813/00E000 | Wallonia | 3,956 m² | 1 · 216 m² | - |
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.
Structure & network
Connections & network
2 connected companiesNetwork connections
Shared address
→
Shared address
→
Recognitions · licences · registrations
Legal Entity Identifier
6488566SBXNV810DY768
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Of 82,570 companies in sector 70200 we hold annual accounts for 52,574. 27,570 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded12-12-2012
Fiscal year end30-06
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
63920Other information service activities
63990Computing infrastructure, data processing, hosting and other information service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.