SAGI
ActiveSAGI has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.76M and a net result of €1.28M. Equity is growing by ~35.2% per year across the filed fiscal years. Its solvency ranks better than 49% of 4826 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
94
/ 100
Excellent▲ +1 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+6
Solvency90▼-5
Growth52=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €450k at 30 days acceptable
Liquidity ample (current ratio 2.83 against 2.81 in 2024), but 54.8% 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 · 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
45.2%
Return on assets
12.2%
Age of the figures
8 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
14 d early
2023
112 d late
2022
273 d late
2021
102 d late
2020
26 d late
2019
3 d early
← before the deadline
after the deadline →
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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€1.28M▲ 95.8%
2024 · €656k
2018: €1.76M
2019: €779k
2020: €933k
2021: €656k
2022: €-1.73M
2023: €2.09M
2024: €656k
2018 → 2025
Working capital
€6.27M▲ 72.5%
2024 · €3.64M
2018: €-2.95M
2019: €729k
2020: €1.73M
2021: €3.26M
2022: €103k
2023: €2.77M
2024: €3.64M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.46M-€728k▼ 70.4%€2.82M▲ 287%€3.47M▲ 23.3%€4.76M▲ 37.0%
Operating result€958k-€-1.42M€2.38M€740k▼ 68.9%€1.70M▲ 130%
Net result€656k-€-1.73M€2.09M€656k▼ 68.6%€1.28M▲ 95.8%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 130% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.53M
Fixed assets
€832k▼ 34.0%
Current assets
€9.69M▲ 71.8%
Equity and liabilities €10.53M
Equity
€4.76M▲ 37.0%
Debt
€5.77M▲ 68.1%
The debt ratio rises from 49.7% to 54.8%: debt grows faster than equity.
Key figures and ratios
EBITDA
€2.37M▲
2024 · €1.32M
Cash flow
€1.95M▲
2024 · €1.23M
Solvency
45.2%▼
2024 · 50.3%
Current ratio
2.83▲
2024 · 2.81
Quick ratio
2.67▲
2024 · 2.59
Debt / equity
1.21▲
2024 · 0.99
ROE
27.0%▲
2024 · 18.9%
ROA
12.2%▲
2024 · 9.5%
Interest coverage
966.40▲
2024 · 10.93
Debt
€5.77M▲
2024 · €3.43M
Debt ≤ 1 year
€3.42M▲
2024 · €2.01M
Income taxes
€599k▲
2024 · €24k
Staff costs
€175k▲
2024 · €173k
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€6.90M€10.53M▲
Fixed assets21/28€1.26M€832k▼
Intangible fixed assets21€980k€644k▼
Tangible fixed assets22/27€281k€188k▼
Plant, machinery and equipment23€257k€163k▼
Furniture and vehicles24€6k€2k▼
Assets under construction and advance payments27€18k€24k▲
Current assets29/58€5.64M€9.69M▲
Stocks and contracts in progress3€437k€552k▲
Stocks30/36€437k€552k▲
Amounts receivable within one year40/41€4.88M€7.93M▲
Trade receivables40€2.69M€3.95M▲
Other amounts receivable41€2.19M€3.98M▲
Cash at bank and in hand54/58€92k€709k▲
Deferred charges and accrued income490/1€231k€500k▲
Equity and liabilities
Total equity and liabilities10/49€6.90M€10.53M▲
Equity10/15€3.47M€4.76M▲
Contributions10/11€66k€66k=
Capital10€66k€66k=
Issued capital100€66k€66k=
Reserves13€25k€25k=
Non-distributable reserves130/1€7k€7k=
Legal reserve130€7k€7k=
Tax-exempt reserves132€19k€19k=
Profit (loss) carried forward14€3.38M€4.67M▲
Amounts payable17/49€3.43M€5.77M▲
Amounts payable within one year42/48€2.01M€3.42M▲
Financial debts43-€465
Credit institutions430/8-€465
Trade debts44€1.18M€1.91M▲
Suppliers440/4€1.18M€1.91M▲
Advances received on contracts in progress46€530k€530k=
Taxes, remuneration and social security45€296k€985k▲
Taxes450/3€258k€943k▲
Remuneration and social security454/9€38k€42k▲
Accrued charges and deferred income492/3€1.42M€2.34M▲
Income statement
Code20242025
Remuneration, social security and pensions62€173k€175k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€577k€662k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€187k
Other operating charges640/8€774€686▼
Gross operating margin9900€1.49M€2.73M▲
Operating profit (loss)9901€740k€1.70M▲
Financial income75/76B€60k€182k▲
Recurring financial income75€60k€182k▲
Financial charges65/66B€120k€2k▼
Recurring financial charges65€120k€2k▼
Profit (loss) for the period before taxes9903€680k€1.88M▲
Income taxes67/77€24k€599k▲
Profit (loss) for the period9904€656k€1.28M▲
Profit (loss) for the period to be appropriated9905€656k€1.28M▲
Appropriation of the result
Profit (loss) to be appropriated9906€3.38M€4.67M▲
Profit (loss) brought forward from the previous period14P€2.73M€3.38M▲
Social balance
Average headcount (FTE)90872.02.0=
The notes to these accounts (12 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
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Liquidity doublescurrent ratio 2.81
Current ratio from 1.37 to 2.81; short-term debt falls from €7.56M to €2.01M.
20-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 112 days late
29-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 273 days late
2023
31-12
Financial
Back to profitnet €2.09M
Net result €2.09M after one loss-making year.
31-12
Financial
Equity above €2MEq €2.82M ▲287%
Equity rises from €728k to €2.82M.
2022
31-12
Financial
Weakest financial yearnet €-1.73M ▼364%
Net result drops to €-1.73M, the lowest in the series; recovery starts the following year.
10-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 102 days late
2021
31-12
Financial
Equity above €2MEq €2.46M ▲36.4%
4 profitable years in a row build equity to €2.46M.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 26 days late
2020
31-12
Financial
Equity above €1MEq €1.80M ▲107%
3 profitable years in a row build equity to €1.80M.
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Liquidity quadruplescurrent ratio 1.32
Current ratio from 0.30 to 1.32; short-term debt falls from €4.22M to €2.31M.
31-12
Financial
Equity above €500kEq €871k ▲853%
2 profitable years in a row build equity to €871k.
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2024
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
30-04-2024
Hendrik STEINDAM: Resigned as Director
06-04-2022
Jürgen STÄDING: Resigned as Director
06-04-2022
Ulrich KEUDEL: Resigned as Director
18-06-2020
SMACQ SRL: Resigned as Managing director
29-05-2020
Oliver Drews: Resigned as Director
29-05-2020
Oliver Drews: Resigned as Managing director
30-04-2017
Nikolas Diedrich: Resigned as Director
30-04-2017
Nikolas Diedrich: Resigned as Managing director
30-04-2017
Nikolas Diedrich: Resigned as Daily management
31-10-2016
Gerolf Kiliaan Toorenaar: Resigned as Director
26-05-2015
Security One: Resigned as Director
26-05-2015
Security Two: Resigned as Director
Location & real-estate footprint
Registered office, Ans · 1 establishment unit since 1978
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 Parc 504432 AnsGround area
8,620 m²
Building footprint
4,413 m²
Volume, LiDAR
24,918 m³
2 parcels, Wallonia · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Avenue d' Esneux 72, 4130 Esneux
since 19782.102.241.111
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62001B0281/00W000 | Wallonia | 7,393 m² | 1 · 4,277 m² | 8.3 m · 2 fl. |
| 62101C0046/00M000 | Wallonia | 1,227 m² | 1 · 135 m² | - |
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.
Structure & network
Connections & network
1 connected companyNetwork connections
Shared address
→
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Of 2,120 companies in sector 46500 we hold annual accounts for 1,400. 454 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded23-10-1978
Fiscal year end31-12
Activities, NACEBEL
46500Wholesale of information and communication equipment
46660Wholesale trade
51850
61100Wired, wireless and satellite telecommunications
61200Telecommunications
64200Holdings
47400Retail sale of information and communication equipment
47410Retail trade
52487
63100Computing infrastructure, data processing, hosting and related activities
63110Computing infrastructure, data processing, hosting and other information service activities
72300
72500
95100Repair and maintenance of computers and communication equipment
95110Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
Sources
Crossroads Bank for EnterprisesNational Bank · 47 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.