SAGAFIL

Active

Private limited companyfounded 201115 yrs activeRue de la Gare 10, 4217 Héron, BelgiumKBO/BCE: BE 0832.891.191

SAGAFIL has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €70k and a net result of €-128k. Equity is growing by ~5.2% per year across the filed fiscal years. Its solvency ranks better than 19% of 705 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).

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Checked score

Score 2024

2 / 100

Critical▼ -46 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-100

Solvency5▼-33

Growth52▼-26

Stability100

Bankruptcy probability, 12 months

1.0% Low

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.36 against 0.86 in 2023), and 93.1% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

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 2024

Solvency, return and age of the figures

Solvency

6.9%

Return on assets

-12.6%

Age of the figures

20 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 16

Relative position

BE, all sectors

reference

Sector 16

higher

← fewer bankruptcies more bankruptcies →

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 705 sector peers (2024).

NBB · sector comparison

Position among 705 sector peers

Solvency

better than 19%

← weakest strongest →

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-11-2025, 116 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 9 filings

Deviation from the deadline

2025

not confirmed

2024

116 d late

2023

90 d late

2022

on the day

2021

31 d late

2020

115 d late

2019

75 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-128k

2023 · €135k

2018: €15k 2019: €2k 2020: €-14k 2021: €4k 2022: €13k 2023: €135k

2018 → 2024

Working capital

€-489k▼ 837%

2023 · €-52k

2018: €-109k 2019: €-136k 2020: €-183k 2021: €-173k 2022: €-171k 2023: €-52k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€42k-€46k▲ 8.3%€63k▲ 37.6%€198k▲ 214%€70k▼ 64.7%

Operating result€-5k-€9k€19k▲ 119%€-87k€-108k▼ 24.5%

Net result€-14k-€4k€13k▲ 264%€135k▲ 958%€-128k

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €108k in 2024 against €87k in 2023; the loss grows and 2024 is the lowest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €1.02M

73.5%

26.5%

Fixed assets €749k▲ 79.8%

Current assets €270k▼ 15.2%

Equity and liabilities €1.02M

93.1%

Equity €70k▼ 64.7%

Debt €950k▲ 76.9%

The debt ratio rises from 73.0% to 93.1%: debt grows while equity shrinks.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-62k▼

2023 · €-54k

Cash flow

€-82k▼

2023 · €168k

Solvency

6.9%▼

2023 · 27.0%

Current ratio

0.36▼

2023 · 0.86

Quick ratio

0.32▼

2023 · 0.81

Debt / equity

13.57▲

2023 · 2.71

ROE

-183.5%▼

2023 · 68.1%

ROA

-12.6%▼

2023 · 18.4%

Interest coverage

-4.25▼

2023 · -2.85

Debt

€950k▲

2023 · €537k

Debt ≤ 1 year

€759k▲

2023 · €371k

Debt > 1 year

€191k▲

2023 · €166k

Income taxes

€6k▲

2023 · €4k

Staff costs

€125k▲

2023 · €100k

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€735k€1.02M▲

Fixed assets21/28€417k€749k▲

Intangible fixed assets21€34k€98k▲

Tangible fixed assets22/27€230k€298k▲

Land and buildings22€138k€233k▲

Plant, machinery and equipment23€31k€24k▼

Furniture and vehicles24€18k€15k▼

Leasing and similar rights25€11k€0▼

Other tangible fixed assets26€31k€26k▼

Financial fixed assets28€152k€353k▲

Current assets29/58€319k€270k▼

Stocks and contracts in progress3€19k€29k▲

Stocks30/36€19k€29k▲

Amounts receivable within one year40/41€292k€233k▼

Trade receivables40€434€233k▲

Other amounts receivable41€292k€0▼

Cash at bank and in hand54/58€7k€8k▲

Deferred charges and accrued income490/1-€78

Equity and liabilities

Total equity and liabilities10/49€735k€1.02M▲

Equity10/15€198k€70k▼

Contributions10/11€19k€19k=

Reserves13€2k€2k=

Non-distributable reserves130/1€2k€2k=

Reserves not available under the articles1311€2k€2k=

Profit (loss) carried forward14€178k€50k▼

Amounts payable17/49€537k€950k▲

Amounts payable after more than one year17€166k€191k▲

Financial debts170/4€166k€191k▲

Amounts payable within one year42/48€371k€759k▲

Current portion of amounts payable after more than one year42€34k€35k▲

Financial debts43€30k€29k▼

Credit institutions430/8€30k€29k▼

Trade debts44€30k€225k▲

Suppliers440/4€30k€225k▲

Advances received on contracts in progress46-€5k

Taxes, remuneration and social security45€19k€38k▲

Taxes450/3€6k€20k▲

Remuneration and social security454/9€13k€18k▲

Other amounts payable47/48€259k€428k▲

Income statement Code20232024

Remuneration, social security and pensions62€100k€125k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€46k▲

Other operating charges640/8€6k€11k▲

Non-recurring operating charges66A€15k€0▼

Gross operating margin9900€68k€74k▲

Operating profit (loss)9901€-87k€-108k▼

Financial income75/76B€329k€128▼

Recurring financial income75€0€128▲

Non-recurring financial income76B€329k€0▼

Financial charges65/66B€104k€15k▼

Recurring financial charges65€19k€15k▼

Non-recurring financial charges66B€85k€0▼

Profit (loss) for the period before taxes9903€139k€-122k▼

Income taxes67/77€4k€6k▲

Profit (loss) for the period9904€135k€-128k▼

Profit (loss) for the period to be appropriated9905€135k€-128k▼

Appropriation of the result

Profit (loss) to be appropriated9906€178k€50k▼

Profit (loss) brought forward from the previous period14P€43k€178k▲

The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 13Financial 4Filings 9

2025

24-11

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 116 days late

2024

31-12

Financial Weakest financial yearnet €-128k ▼195%

Net result drops to €-128k, the lowest in the series.

29-10

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 90 days late

2023

31-12

Financial Highest result since 2018net €135k ▲958%

Net result €135k, the highest in the series.

31-12

Financial Equity above €150kEq €198k ▲214%

3 profitable years in a row build equity to €198k.

31-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 31 days late

2021

31-12

Financial Back to profitnet €4k

Net result €4k after one loss-making year.

23-11

NBB filing Annual accounts filed

fiscal year 2020 · full schema · 115 days late

2020

14-10

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 75 days late

2019

18-07

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

18-10

NBB filing Annual accounts filed

fiscal year 2017 · full schema · 79 days late

2017

18-08

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 18 days late

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, Héron · 2 establishment units since 2011

establishment All 2 establishment units on the map

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.

Rue de la Gare 104217 Héron

Ground area

2,638 m²

Building footprint

290 m²

Volume, LiDAR

3,167 m³

3 parcels, Wallonia · tallest building 17.2 m, ±5 floors. Linked by address, not a title deed.

2 establishment units

SAGAFIl

Rue Sous-le-Château 51/1, 4500 HuyManufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials

since 20112.195.047.741

Gabibouche

Grand'Place 5, 4500 HuyOther retail sale of new goods

since 20182.283.037.233

3 parcels

Wallonia 3 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
61028D0020/00K000	Wallonia	2,398 m²	1 · 161 m²	11.1 m · 3 fl.
61031C0527/00F000	Wallonia	164 m²	1 · 89 m²	13.0 m · 4 fl.
61031B0294/00L000	Wallonia	76 m²	1 · 40 m²	17.2 m · 5 fl.