SAGARY
ActiveSAGARY has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €52k and a net result of €-30k. Equity is shrinking by ~15.3% per year across the filed fiscal years. Its solvency ranks better than 32% of 14038 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
53
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability62▼-11
Solvency35▼-5
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days only on tighter terms
Liquidity short (current ratio 0.33 against 0.41 in 2024; short-term debt: 90.3% of total assets), and 90.3% of the assets are financed with debt.
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
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 · 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 2025Solvency, return and age of the figures
Solvency
9.7%
Return on assets
-5.6%
Age of the figures
15 mo
raises risk · Filed more than 90 days late
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 11-08-2026, 192 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 · 10 filingsDeviation from the deadline
2025
192 d late
2024
404 d late
2023
132 d late
2021
283 d late
2020
3 d early
2019
16 d early
2018
1 d early
← 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 close20-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€52k▼ 36.5%
2024 · €81k
2019: €151k
2020: €136k
2021: €156k
2023: €62k
2024: €81k
2019 → 2025
Total assets
€533k▼ 3.8%
2024 · €555k
2019: €303k
2020: €347k
2021: €462k
2023: €330k
2024: €555k
2019 → 2025
Net result
€-30k
2024 · €19k
2019: €2k
2020: €-15k
2021: €19k
2023: €-58k
2024: €19k
2019 → 2025
Working capital
€-323k▼ 30.5%
2024 · €-247k
2019: €-89k
2020: €-131k
2021: €-136k
2023: €-190k
2024: €-247k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202320242025Trend
Equity€136k-€156k▲ 14.2%€62k▼ 60.3%€81k▲ 31.5%€52k▼ 36.5%
Operating result€-13k-€23k€-56k€20k€101k▲ 409%
Net result€-15k-€19k€-58k€19k€-30k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 409% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €533k
Fixed assets
€374k▼ 1.8%
Current assets
€159k▼ 8.2%
Equity and liabilities €533k
Equity
€52k▼ 36.5%
Debt
€482k▲ 1.8%
The debt ratio rises from 85.4% to 90.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€124k▲
2024 · €56k
Cash flow
€-6k▼
2024 · €55k
Solvency
9.7%▼
2024 · 14.6%
Current ratio
0.33▼
2024 · 0.41
Quick ratio
0.33▼
2024 · 0.41
Debt / equity
9.35▲
2024 · 5.83
ROE
-57.5%▼
2024 · 23.9%
ROA
-5.6%▼
2024 · 3.5%
Interest coverage
225.49▲
2024 · 166.56
Debt
€482k▲
2024 · €473k
Debt ≤ 1 year
€482k▲
2024 · €421k
Income taxes
€186k▲
2024 · €117
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€555k€533k▼
Fixed assets21/28€381k€374k▼
Tangible fixed assets22/27€258k€252k▼
Land and buildings22€175k€172k▼
Plant, machinery and equipment23€25k€24k▼
Furniture and vehicles24€58k€55k▼
Financial fixed assets28€123k€123k=
Current assets29/58€173k€159k▼
Amounts receivable within one year40/41€173k€159k▼
Trade receivables40€158k€159k▲
Other amounts receivable41€16k-
Deferred charges and accrued income490/1€65-
Equity and liabilities
Total equity and liabilities10/49€555k€533k▼
Equity10/15€81k€52k▼
Contributions10/11€62k€62k=
Reserves13€29k€29k=
Non-distributable reserves130/1€6k€6k=
Reserves not available under the articles1311€6k€6k=
Distributable reserves133€23k€23k=
Profit (loss) carried forward14€-10k€-39k▼
Amounts payable17/49€473k€482k▲
Amounts payable within one year42/48€421k€482k▲
Trade debts44€252k€235k▼
Suppliers440/4€252k€235k▼
Taxes, remuneration and social security45€63k€225k▲
Taxes450/3€63k€225k▲
Other amounts payable47/48€106k€22k▼
Accrued charges and deferred income492/3€53k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€36k€23k▼
Other operating charges640/8€4k€4k▲
Gross operating margin9900€60k€129k▲
Operating profit (loss)9901€20k€101k▲
Financial income75/76B-€56k
Recurring financial income75-€56k
Non-recurring financial income76B-€56k
Financial charges65/66B€336€552▲
Recurring financial charges65€336€552▲
Profit (loss) for the period before taxes9903€20k€157k▲
Income taxes67/77€117€186k▲
Profit (loss) for the period9904€19k€-30k▼
Profit (loss) for the period to be appropriated9905€19k€-30k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-10k€-39k▼
Profit (loss) brought forward from the previous period14P€-29k€-10k▲
The notes to these accounts (6 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
11-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 192 days late
11-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 404 days late
2024
30-06
Financial
Back to profitnet €19k
Net result €19k after one loss-making year.
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 132 days late
2023
30-06
Financial
Weakest financial yearnet €-58k ▼397%
Net result drops to €-58k, the lowest in the series; recovery starts the following year.
2022
10-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 283 days late
2021
30-06
Financial
Back to profitnet €19k
Net result €19k after one loss-making year.
30-06
Financial
Equity above €150kEq €156k ▲14.2%
Equity rises from €136k to €156k.
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
15-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
14-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 287 days late
2017
25-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 267 days late
25-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 633 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, Namur · 1 establishment unit since 1989
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 Ernest Moëns(GB) 715024 NamurGround area
6,136 m²
Building footprint
939 m²
Volume, LiDAR
5,608 m³
2 parcels, Brussels, Wallonia · tallest building 16.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
LE MOULIN A POIVRE
since 19892.045.524.914
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92052B0013/00R000 | Wallonia | 5,849 m² | 1 · 663 m² | 10.1 m · 2 fl. |
| 21362B0225/00L004 | Brussels | 287 m² | 1 · 276 m² | 16.3 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Legacy Immo
BE 0801.974.323
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DVS INVESTISSEMENTS
BE 0465.743.322
Ukkel · Eq €52k
OSYKA MANAGING
BE 1011.872.227
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Of 11,749 companies in sector 68310 we hold annual accounts for 6,907. 4,878 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded17-10-1989
Fiscal year end30-06
Activities, NACEBEL
68310Real estate agency activities
68311Real estate activities
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.