SAGelectrogène
ActiveSAGelectrogène has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €726k and a net result of €62k. Equity is growing by ~16.8% per year across the filed fiscal years. Its solvency ranks better than 87% of 3569 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
86
/ 100
Excellent▼ -14 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability43▼-48
Solvency100▲+2
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 4.92 against 2.5 in 2023), and 24.6% of the assets are financed with debt.
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Sector 33
higher
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
75.4%
Return on assets
6.5%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-08-2025, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
30 d late
2023
22 d late
2022
25 d late
2021
30 d late
2020
31 d late
2019
67 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€62k▼ 52.9%
2023 · €132k
2018: €114k
2019: €155k
2020: €106k
2021: €243k
2022: €130k
2023: €132k
2018 → 2024
Working capital
€700k▼ 4.6%
2023 · €734k
2018: €284k
2019: €365k
2020: €358k
2021: €521k
2022: €652k
2023: €734k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€372k-€542k▲ 45.7%€671k▲ 24.0%€724k▲ 7.8%€726k▲ 0.3%
Operating result€156k-€363k▲ 132%€175k▼ 51.7%€196k▲ 11.7%€90k▼ 53.8%
Net result€106k-€243k▲ 128%€130k▼ 46.5%€132k▲ 1.8%€62k▼ 52.9%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 54% below 2023 and is the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €962k
Fixed assets
€84k▲ 1,680%
Current assets
€879k▼ 28.3%
Equity and liabilities €962k
Equity
€726k▲ 0.3%
Debt
€236k▼ 53.3%
The debt ratio falls from 41.1% to 24.6%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€97k▼
2023 · €207k
Cash flow
€69k▼
2023 · €143k
Solvency
75.4%▲
2023 · 58.9%
Current ratio
4.92▲
2023 · 2.50
Quick ratio
4.92▲
2023 · 2.50
Debt / equity
0.33▼
2023 · 0.70
ROE
8.6%▼
2023 · 18.3%
ROA
6.5%▼
2023 · 10.8%
Interest coverage
30.65▼
2023 · 78.29
Debt
€236k▼
2023 · €506k
Debt ≤ 1 year
€179k▼
2023 · €491k
Debt > 1 year
€57k
Income taxes
€26k▼
2023 · €61k
Staff costs
€57k▲
2023 · €50k
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€1.23M€962k▼
Formation expenses20€0€0=
Fixed assets21/28€5k€84k▲
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€5k€83k▲
Plant, machinery and equipment23€0€0=
Furniture and vehicles24€5k€83k▲
Other tangible fixed assets26€0€0=
Financial fixed assets28€191€191=
Current assets29/58€1.22M€879k▼
Amounts receivable within one year40/41€676k€461k▼
Trade receivables40€644k€373k▼
Other amounts receivable41€32k€88k▲
Cash at bank and in hand54/58€543k€409k▼
Deferred charges and accrued income490/1€6k€8k▲
Equity and liabilities
Total equity and liabilities10/49€1.23M€962k▼
Equity10/15€724k€726k▲
Contributions10/11€12k€12k=
Reserves13€505k€507k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€0-
Distributable reserves133€503k€505k▲
Profit (loss) carried forward14€207k€207k▲
Amounts payable17/49€506k€236k▼
Amounts payable after more than one year17-€57k
Financial debts170/4-€57k
Amounts payable within one year42/48€491k€179k▼
Current portion of amounts payable after more than one year42€0€20k▲
Financial debts43€52k€48k▼
Credit institutions430/8€52k€48k▼
Trade debts44€336k€35k▼
Suppliers440/4€336k€35k▼
Taxes, remuneration and social security45€18k€15k▼
Taxes450/3€7k€4k▼
Remuneration and social security454/9€11k€11k▲
Other amounts payable47/48€86k€60k▼
Accrued charges and deferred income492/3€15k€158▼
Income statement
Code20232024
Remuneration, social security and pensions62€50k€57k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€7k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-783€-6k▼
Other operating charges640/8€7k€6k▼
Gross operating margin9900€263k€154k▼
Operating profit (loss)9901€196k€90k▼
Financial income75/76B€125€1k▲
Recurring financial income75€125€1k▲
Financial charges65/66B€3k€3k▲
Recurring financial charges65€3k€3k▲
Profit (loss) for the period before taxes9903€193k€89k▼
Income taxes67/77€61k€26k▼
Profit (loss) for the period9904€132k€62k▼
Transfer from tax-exempt reserves789€18k-
Profit (loss) for the period to be appropriated9905€150k€62k▼
Appropriation of the result
Profit (loss) to be appropriated9906€354k€269k▼
Profit (loss) brought forward from the previous period14P€204k€207k▲
Transfer from equity791/2€80k€60k▼
Transfer to equity691/2€148k€62k▼
To other reserves6921€148k€62k▼
Profit to be distributed694/7€80k€60k▼
Return on contributions (dividend)694€80k€60k▼
Social balance
Average headcount (FTE)90871.71.1▼
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 30 days late
2024
31-12
Financial
Weakest financial yearnet €62k ▼52.9%
Net result drops to €62k, the lowest in the series.
22-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 22 days late
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 25 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
31-12
Financial
Highest result since 2018net €243k ▲128%
Operating result €363k, net result €243k, both a record.
31-12
Financial
Equity above €500kEq €542k ▲45.7%
4 profitable years in a row build equity to €542k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
06-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 67 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 58 days late
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 57 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Neupré · 1 establishment unit since 1998
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 du Hock(N) 364121 NeupréGround area
439 m²
Building footprint
59 m²
Volume, LiDAR
382 m³
Parcel 61044C0073/00D000, Wallonia · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SAGELEC
since 19982.085.345.194
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61044C0073/00D000 | Wallonia | 439 m² | 1 · 59 m² | 8.1 m · 2 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.
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Of 1,221 companies in sector 33200 we hold annual accounts for 675. 405 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-09-1996
Fiscal year end31-12
Activities, NACEBEL
33200Installation of industrial machinery and equipment
43211General electrical installation work
45310
47552Retail sale of lighting equipment
47592Retail trade
52442
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.