SAGESIM
ActiveSummary
SAGESIM has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €167k and a net result of €26k. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 69% of 4539 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability88▲+26
Solvency88▼-12
Growth53▲+7
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity short (current ratio 0.54 against 38.95 in 2024; short-term debt: 25% and cash: 12.3% of total assets), and 36.8% 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
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
63.2%
Return on assets
10%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-06-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2024
8 d early
2023
176 d early
2022
34 d early
2021
8 d late
2020
26 d late
2019
126 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · 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 monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€117k▲ 26.8%
2024 · €92k
2018: €91k
2019: €158k
2020: €94k
2021: €152k
2022: €138k
2023: €165k
2024: €92k
2018 → 2025
EBIT margin
24.7%▲ 21.3pp
2024 · 3.4%
2018: 40.0%
2019: 45.5%
2020: -4.0%
2021: 25.7%
2022: -1.1%
2023: 7.5%
2024: 3.4%
2018 → 2025
Net result
€26k▲ 597%
2024 · €4k
2018: €23k
2019: €55k
2020: €-8k
2021: €30k
2022: €-6k
2023: €11k
2024: €4k
2018 → 2025
Working capital
€-30k
2024 · €119k
2018: €-91k
2019: €-10k
2020: €4k
2021: €60k
2022: €76k
2023: €112k
2024: €119k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€152k-€138k▼ 9.1%€165k▲ 20.0%€92k▼ 44.3%€117k▲ 26.8%
Equity€380k-€374k▼ 1.6%€385k▲ 3.0%€389k▲ 1.0%€167k▼ 57.1%
Operating result€39k-€-2k€12k€3k▼ 74.7%€29k▲ 817%
Net result€30k-€-6k€11k€4k▼ 66.1%€26k▲ 597%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 817% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €264k
Fixed assets
€229k ▼ 15.2%
Current assets
€36k ▼ 70.9%
Equity and liabilities €264k
Equity
€167k ▼ 57.1%
Debt
€97k ▲ 3,000%
Debt's share of the balance-sheet total rises from 0.8% to 36.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€73k▲
2024 · €6k
Cash flow
€71k▲
2024 · €7k
Current ratio
0.54▼
2024 · 38.95
Debt to equity
0.58▲
2024 · 0.01
ROE
15.9%▲
2024 · 1.0%
ROA
10.0%▲
2024 · 1.0%
Interest coverage
343.41▲
2024 · 58.22
Debt ≤ 1 year
€66k▲
2024 · €3k
Debt > 1 year
€31k
Income taxes
€2k▼
2024 · €2k
Staff costs
€0▼
2024 · €42k
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 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€392k€264k▼
Fixed assets21/28€270k€229k▼
Tangible fixed assets22/27€270k€229k▼
Land and buildings22€269k€229k▼
Furniture and vehicles24€229-
Current assets29/58€122k€36k▼
Amounts receivable after more than one year29€13k-
Trade receivables290€13k-
Other amounts receivable291€329-
Amounts receivable within one year40/41-€3k
Other amounts receivable41-€3k
Cash at bank and in hand54/58€109k€32k▼
Equity and liabilities
Total equity and liabilities10/49€392k€264k▼
Equity10/15€389k€167k▼
Contributions10/11€63k€1▼
Capital10€63k€1▼
Issued capital100€63k€1▼
Reserves13€331k€167k▼
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€324k€161k▼
Profit (loss) carried forward14€-5k€5▲
Amounts payable17/49€3k€97k▲
Amounts payable after more than one year17-€31k
Other amounts payable178/9-€31k
Amounts payable within one year42/48€3k€66k▲
Trade debts44€3k€64k▲
Suppliers440/4€3k€578▼
Bills of exchange payable441-€63k
Taxes, remuneration and social security45€427€2k▲
Taxes450/3€427€2k▲
Income statement
Code20242025
Turnover70€92k€117k▲
Goods, raw materials, services and sundry goods60/61€39k€39k▼
Remuneration, social security and pensions62€42k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€44k▲
Other operating charges640/8€5k€5k▲
Non-recurring operating charges66A-€84
Gross operating margin9900€53k€78k▲
Operating profit (loss)9901€3k€29k▲
Financial income75/76B€3k€30▼
Recurring financial income75€3k€30▼
Non-recurring financial income76B€3k€30▼
Financial charges65/66B€105€213▲
Recurring financial charges65€105€213▲
Non-recurring financial charges66B€105€213▲
Profit (loss) for the period before taxes9903€6k€29k▲
Income taxes67/77€2k€2k▼
Profit (loss) for the period9904€4k€26k▲
Profit (loss) for the period to be appropriated9905€4k€26k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-5k€21k▲
Profit (loss) brought forward from the previous period14P€-9k€-5k▲
Transfer to equity691/2-€21k
To other reserves6921-€21k
The notes to these accounts (7 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
08-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
06-02
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
31-12
Financial
Liquidity times 6current ratio 28.42
Current ratio from 4.46 to 28.42; short-term debt falls from €22k to €4k.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
08-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 8 days late
2021
31-12
Financial
Back to profitnet €30k
Net result €30k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 2.56
Current ratio from 1.06 to 2.56; short-term debt falls from €75k to €38k.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 26 days late
2020
31-12
Financial
Weakest financial yearnet €-8k ▼115%
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
27-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Show earlier events
2019
31-12
Financial
Highest result since 2018net €55k ▲139%
Operating result €72k, net result €55k, both a record.
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 21 days late
2018
14-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
06-07
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
8 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 · 2 establishment units 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 Henri Lemaître 45000 NamurGround area
829 m²
Building footprint
208 m²
Volume, LiDAR
2,839 m³
2 parcels, Wallonia · tallest building 16.9 m, ±5 floors. Linked by address, not a title deed.
2 establishment units
SAGESIM
since 19892.039.217.142
Rue Henri Lemaître 4/6, 5000 Namur
since 20122.208.409.292
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92108B0223/00K006 | Wallonia | 506 m² | 1 · 104 m² | 16.9 m · 5 fl. |
| 92302G0210/00D004 | Wallonia | 323 m² | 1 · 103 m² | 14.6 m · 4 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.
Similar companies · same sector, comparable size
Den Trap Construct
BE 0775.797.288
Gent · Eq €166,937
NOAN
BE 0564.900.581
Gent · Eq €167,086
Ter Veldbloemen
BE 0759.834.751
Gent · Eq €166,732
3GHE Construct
BE 0778.257.526
Wichelen · Eq €167,162
RSCO
BE 0462.691.384
Aartselaar · Eq €167,169
Of 9,694 companies in sector 68121 we hold annual accounts for 7,383. 5,344 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 formPrivate limited company
Founded05-07-1988
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
82100Office administrative and support services
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.