SAGEC
Open bankruptcyA bankruptcy procedure is open for SAGEC according to publications in the Belgian State Gazette; curator: STEVEN NYSTEN.
Summary
The 2024 annual accounts show equity of €14k and a net result of €-37k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2024 was due by 31-01-2025 and was filed on 07-11-2024, 85 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not filed
2024
85 d early
2023
11 d early
2022
46 d early
2021
7 d late
2020
12 d late
2019
14 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€398k
EBIT margin
8.1%
Net result
€-37k▼ 34.7%
2023 · €-27k
2019: €9k
2020: €29k
2021: €20k
2022: €10k
2023: €-27k
2019 → 2024
Working capital
€14k▼ 60.3%
2023 · €36k
2019: €30k
2020: €39k
2021: €36k
2022: €49k
2023: €36k
2019 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€398k
Equity€48k-€68k▲ 41.1%€78k▲ 14.6%€51k▼ 34.9%€14k▼ 72.2%
Operating result€29k-€32k▲ 9.5%€15k▼ 52.1%€-22k€-36k▼ 63.6%
Net result€29k-€20k▼ 30.0%€10k▼ 50.6%€-27k€-37k▼ 34.7%
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 €36k in 2024 against €22k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €30k
Equity
€14k ▼ 72.2%
Debt
€16k ▲ 3.1%
Debt's share of the balance-sheet total rises from 23.5% to 53.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-16k▼
2023 · €-2k
Cash flow
€-17k▼
2023 · €-8k
Current ratio
1.88▼
2023 · 4.14
Debt to equity
1.14▲
2023 · 0.31
ROE
-260.2%▼
2023 · -53.6%
ROA
-121.6%▼
2023 · -41.0%
Interest coverage
-16.90▼
2023 · -1.30
Debt ≤ 1 year
€16k▲
2023 · €11k
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 · 2024 against 2023 · 42 lines
Balance sheet
Code20232024
Assets
Total assets20/58€67k€30k▼
Fixed assets21/28€20k-
Tangible fixed assets22/27€20k-
Furniture and vehicles24€5k-
Leasing and similar rights25€15k-
Current assets29/58€47k€30k▼
Amounts receivable within one year40/41€43k€23k▼
Trade receivables40€40k€18k▼
Other amounts receivable41€3k€5k▲
Cash at bank and in hand54/58€4k€7k▲
Deferred charges and accrued income490/1€246€246=
Equity and liabilities
Total equity and liabilities10/49€67k€30k▼
Equity10/15€51k€14k▼
Contributions10/11€6k€6k=
Capital10€6k-
Issued capital100€19k-
Uncalled capital101€12k-
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k-
Reserves not available under the articles1311-€2k
Profit (loss) carried forward14€43k€6k▼
Amounts payable17/49€16k€16k▲
Amounts payable after more than one year17€4k-
Financial debts170/4€4k-
Amounts payable within one year42/48€11k€16k▲
Trade debts44€11k€16k▲
Suppliers440/4€11k€16k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€20k=
Other operating charges640/8€4k€11k▲
Gross operating margin9900€1k€-5k▼
Operating profit (loss)9901€-22k€-36k▼
Financial income75/76B€1€13▲
Recurring financial income75€1€13▲
Financial charges65/66B€2k€960▼
Recurring financial charges65€2k€960▼
Profit (loss) for the period before taxes9903€-24k€-37k▼
Income taxes67/77€4k-
Profit (loss) for the period9904€-27k€-37k▼
Profit (loss) for the period to be appropriated9905€-27k€-37k▼
Appropriation of the result
Profit (loss) to be appropriated9906€43k€6k▼
Profit (loss) brought forward from the previous period14P€70k€43k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-06
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · SAGEC CVBA WIELEMANS CEUPPENSLAAN 151/3G, 1190 VORST · event 17-06-2025
2024
07-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Weakest financial yearnet €-37k
Net result drops to €-37k, the lowest in the series.
20-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Liquidity doublescurrent ratio 4.14
Current ratio from 1.93 to 4.14; short-term debt falls from €53k to €11k.
2022
16-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
07-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 7 days late
2021
12-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 12 days late
2020
30-06
Financial
Highest result since 2019net €29k ▲223%
Net result €29k, the highest in the series.
14-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 14 days late
2019
29-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 57 days late
SignalFinancial 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, Vorst · 1 establishment unit since 2017
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.
Wielemans Ceuppenslaan 1511190 VorstGround area
403 m²
Building footprint
303 m²
Volume, LiDAR
4,864 m³
2 parcels, Brussels · tallest building 22.8 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
SAGEC
since 20172.261.651.703
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21007A0034/00V000 | Brussels | 287 m² | 1 · 221 m² | 22.8 m · 6 fl. |
| 21572B0098/00K002 | Brussels | 116 m² | 1 · 83 m² | 17.6 m · 5 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | STEVEN NYSTEN PEGASUSLAAN 5, 1831 DIEGEM- |
17-06-2025 → present |
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Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 10,499 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 formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded30-01-2017
Fiscal year end30-06
Activities, NACEBEL 2025
41001General construction of residential buildings
53200Other postal and courier activities
81300Landscape service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.