Sagerpar

Active

Public limited companyfounded 196065 yrs activeMarnixlaan 24, 1000 Brussel, BelgiumKBO/BCE: BE 0403.205.640

Summary

Sagerpar has been active since 1960 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €133.06M and a net result of €59.97M. The computed 12-month bankruptcy probability is 0.5% (low).

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Checked score

Score 2025

46 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability30▲+14

Solvency46▲+9

Growth78

Track record100

Bankruptcy probability, 12 months

0.5% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €2M at 30 days acceptable

Liquidity short (current ratio 0.21 against 0.38 in 2024; short-term debt: 78.2% and cash: 0% of total assets), and 79.2% 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

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

−lowers risk+raises risk○neutral

No NACE activity registered

No NACE activity is registered in the KBO, which is more common among companies that later fail.

KBO · activities

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

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

20.8%

Return on assets

9.4%

Age of the figures

9 mo

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-06-2026, 57 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

57 d early

2024

36 d late

2023

57 d early

2022

97 d early

2021

44 d early

2020

26 d early

2019

32 d early

← before the deadline after the deadline →

Checked, nothing found (2)

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

24-09-2026 today31-12-2026 close31-07-2027 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 2025, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€59.97M

2024 · €-13.27M

2024: €-13.27M

2024 → 2025

Working capital

€-394.29M▼ 5,265%

2024 · €-7.35M

2024: €-7.35M

2024 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20242025Trend

Equity€73.09M-€133.06M▲ 82.0%

Operating result€-1.04M-€-958k▲ 8.1%

Net result€-13.27M-€59.97M

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €958k in 2025 against €1.04M in 2024; the loss shrinks.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €639.24M

83.5%

16.5%

Fixed assets €533.53M ▼ 8.9%

Current assets €105.71M ▲ 2,276%

Equity and liabilities €639.43M

20.8%

79.2%

Equity €133.06M ▲ 82.0%

Debt €506.37M ▼ 2.3%

Debt's share of the balance-sheet total falls from 87.6% to 79.2%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

EBITDA

€-196k▲

2024 · €-280k

Cash flow

€60.73M▲

2024 · €-12.50M

Current ratio

0.21▼

2024 · 0.38

Debt to equity

3.81▼

2024 · 7.09

ROE

45.1%▲

2024 · -18.1%

ROA

9.4%▲

2024 · -2.2%

Interest coverage

-1.42▼

2024 · -0.18

Debt ≤ 1 year

€500.01M▲

2024 · €11.80M

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 · 2025 against 2024 · 51 lines

Balance sheet Code20242025

Assets

Total assets20/58€591.26M€639.43M▲

Formation expenses20€951k€188k▼

Fixed assets21/28€585.86M€533.53M▼

Financial fixed assets28€585.86M€533.53M▼

Affiliated companies280/1€585.86M€533.53M▼

Participating interests280€585.86M€533.53M▼

Current assets29/58€4.45M€105.71M▲

Amounts receivable within one year40/41€4.38M€105.66M▲

Other amounts receivable41€4.38M€105.66M▲

Cash at bank and in hand54/58€68k€52k▼

Equity and liabilities

Total equity and liabilities10/49€591.26M€639.43M▲

Equity10/15€73.09M€133.06M▲

Contributions10/11€100.00M€100.00M=

Capital10€100.00M€100.00M=

Issued capital100€100.00M€100.00M=

Reserves13€13.80M€13.80M=

Non-distributable reserves130/1€10.00M€10.00M=

Legal reserve130€10.00M€10.00M=

Distributable reserves133€3.80M€3.80M=

Profit (loss) carried forward14€-40.71M€19.26M▲

Amounts payable17/49€518.16M€506.37M▼

Amounts payable after more than one year17€500.00M-

Financial debts170/4€500.00M-

Unsubordinated bonds171€500.00M-

Amounts payable within one year42/48€11.80M€500.01M▲

Current portion of amounts payable after more than one year42-€500.00M

Financial debts43€11.80M-

Other loans439€11.80M-

Trade debts44€10€6k▲

Suppliers440/4€10€6k▲

Accrued charges and deferred income492/3€6.37M€6.37M=

Income statement Code20242025

Operating charges60/66A€1.04M€958k▼

Services and other goods61€279k€195k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€763k€763k=

Other operating charges640/8€968€998▲

Operating profit (loss)9901€-1.04M€-958k▲

Financial income75/76B€16.94M€74.67M▲

Recurring financial income75€14.60M€24.85M▲

Income from financial fixed assets750€14.60M€23.64M▲

Income from current assets751-€1.21M

Non-recurring financial income76B€2.34M€49.82M▲

Financial charges65/66B€29.16M€13.75M▼

Recurring financial charges65€1.60M€139k▼

Debt charges650€1.60M€137k▼

Other financial charges652/9€1k€1k▲

Non-recurring financial charges66B€27.56M€13.61M▼

Profit (loss) for the period before taxes9903€-13.27M€59.97M▲

Profit (loss) for the period9904€-13.27M€59.97M▲

Profit (loss) for the period to be appropriated9905€-13.27M€59.97M▲

Appropriation of the result

Profit (loss) to be appropriated9906€-40.71M€19.26M▲

Profit (loss) brought forward from the previous period14P€-27.44M€-40.71M▼

The notes to these accounts (25 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 12Financial 2Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

04-06

NBB filing Annual accounts filed

fiscal year 2025 · full schema

2025

31-12

Financial Back to profitnet €59.97M

Net result €59.97M after one loss-making year.

31-12

Financial Equity above €100MEq €133.06M ▲82%

Equity rises from €73.09M to €133.06M.

05-09

NBB filing Annual accounts filed

fiscal year 2024 · full schema · 36 days late

2024

04-06

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

25-04

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

17-06

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

05-07

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

29-06

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2019

01-07

NBB filing Annual accounts filed

fiscal year 2018 · full schema

2018

05-07

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

22-06

NBB filing Annual accounts filed

fiscal year 2016 · full schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

25 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, Brussel

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.

Marnixlaan 241000 Brussel

Ground area

1.0 ha

Building footprint

4,485 m²

Volume, LiDAR

149,111 m³

Parcel 21805E0512/00G000, Brussels · tallest building 37.0 m, ±11 floors. Linked by address, not a title deed.

1 parcel

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21805E0512/00G000 ProtectedMonumentVoormalige zetel van de bank LambertSource ↗	Brussels	1.0 ha	1 · 4,485 m²	37.0 m · 11 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.

1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Structure & network

Ownership & control

1 parent company

Control over this companyparent company per the LEI register1

GROUPE BRUXELLES LAMBERT

Brussels

controls

SagerparBE 0403.205.640

Recognitions · licences · registrations

Legal Entity Identifier

549300FIP1JT8X16S035

live in the LEI register

Company data · Crossroads Bank

Identification

Legal formPublic limited company

Founded07-11-1960

Fiscal year end31-12

Sources

Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.