SAGI
ActiveSummary
The computed 12-month bankruptcy probability of SAGI is 2.0% (moderate). The 2025 annual accounts show equity of €192k and a net result of €29k. Equity is growing by ~31.6% per year across the filed fiscal years. Its solvency ranks better than 66% of 13417 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability78▼-5
Solvency74▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity tight (current ratio 1.48 against 1.24 in 2024; short-term debt: 24.7% and cash: 2.6% of total assets), and 50.9% of the assets are financed with debt.
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Signals
Four 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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
49.1%
Return on assets
7.5%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 9 filingsDeviation from the deadline
2025
27 d late
2024
56 d late
2023
27 d late
2022
31 d late
2021
30 d late
2020
61 d late
2019
88 d late
← 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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€192k▲ 18.0%
2024 · €163k
Total assets
€391k▼ 2.2%
2024 · €400k
Net result
€29k▼ 35.8%
2024 · €46k
Working capital
€46k▲ 86.0%
2024 · €25k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€17k▼ 35.8%€15k▼ 12.8%€66k▲ 336%€65k▼ 2.1%€49k▼ 24.0%
Net result€11k▼ 50.6%€11k▼ 1.1%€41k▲ 285%€46k▲ 12.7%€29k▼ 35.8%
Equity€66k▲ 19.3%€76k▲ 16.0%€117k▲ 53.0%€163k▲ 39.0%€192k▲ 18.0%
Total assets€187k▼ 5.3%€208k▲ 11.2%€290k▲ 39.8%€400k▲ 37.7%€391k▼ 2.2%
Debt€121k▼ 14.8%€131k▲ 8.5%€173k▲ 32.1%€237k▲ 36.8%€199k▼ 16.1%
Working capital€10k€19k▲ 84.6%€23k▲ 22.0%€25k▲ 6.9%€46k▲ 86.0%
Staff (FTE)0.2▼ 84.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 24% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €391k
Fixed assets
€249k ▼ 8.1%
Current assets
€142k ▲ 10.2%
Equity and liabilities €391k
Equity
€192k ▲ 18.0%
Debt
€199k ▼ 16.1%
Debt's share of the balance-sheet total falls from 59.3% to 50.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€94k▼
2024 · €108k
Cash flow
€75k▼
2024 · €89k
Current ratio
1.48▲
2024 · 1.24
Quick ratio
1.45▲
2024 · 1.21
Debt to equity
1.04▼
2024 · 1.46
ROE
15.3%▼
2024 · 28.1%
ROA
7.5%▼
2024 · 11.4%
Interest coverage
9.73▼
2024 · 11.03
Debt ≤ 1 year
€97k▼
2024 · €105k
Debt > 1 year
€102k▼
2024 · €130k
Income taxes
€10k▲
2024 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €12k | €27k | €3k | - | - |
| Remuneration, social security and pensions62 | €2k | €55 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €26k | €22k | €32k | €43k | €45k | ▲ 4.7% |
| Other operating charges640/8 | €2k | €2k | €4k | €4k | €5k | ▲ 10.2% |
| Non-recurring operating charges66A | - | - | - | €2k | €8k | ▲ 379% |
| Gross operating margin9900 | €47k | €39k | €102k | €114k | €107k | ▼ 5.8% |
| Operating profit (loss)9901 | €17k | €15k | €66k | €65k | €49k | ▼ 24.0% |
| Financial income75/76B | €652 | €19 | €2k | €227 | €39 | ▼ 82.8% |
| Recurring financial income75 | €0 | €19 | €2k | €227 | €39 | ▼ 82.8% |
| Non-recurring financial income76B | €652 | - | - | - | - | - |
| Financial charges65/66B | €3k | €3k | €5k | €10k | €10k | ▼ 0.8% |
| Recurring financial charges65 | €3k | €3k | €5k | €10k | €10k | ▼ 0.8% |
| Profit (loss) for the period before taxes9903 | €15k | €12k | €63k | €55k | €39k | ▼ 28.4% |
| Income taxes67/77 | €4k | €1k | €22k | €9k | €10k | ▲ 8.2% |
| Profit (loss) for the period9904 | €11k | €11k | €41k | €46k | €29k | ▼ 35.8% |
| Profit (loss) for the period to be appropriated9905 | €11k | €11k | €41k | €46k | €29k | ▼ 35.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €187k | €208k | €290k | €400k | €391k | ▼ 2.2% |
| Fixed assets21/28 | €117k | €122k | €184k | €270k | €249k | ▼ 8.1% |
| Tangible fixed assets22/27 | €117k | €121k | €184k | €270k | €248k | ▼ 8.1% |
| Land and buildings22 | €74k | €68k | €62k | €136k | €127k | ▼ 6.7% |
| Plant, machinery and equipment23 | €15k | €14k | €13k | €25k | €42k | ▲ 67.3% |
| Furniture and vehicles24 | €2k | €19k | €42k | €61k | €50k | ▼ 19.2% |
| Leasing and similar rights25 | €26k | €20k | €66k | €47k | €29k | ▼ 39.3% |
| Other tangible fixed assets26 | - | - | - | - | €735 | - |
| Financial fixed assets28 | €243 | €399 | €372 | €376 | €438 | ▲ 16.5% |
| Current assets29/58 | €70k | €86k | €106k | €129k | €142k | ▲ 10.2% |
| Amounts receivable after more than one year29 | €40k | €40k | €40k | €40k | €40k | = |
| Other amounts receivable291 | €40k | €40k | €40k | €40k | €40k | = |
| Stocks and contracts in progress3 | €2k | €3k | €4k | €3k | €3k | ▲ 6.3% |
| Stocks30/36 | €2k | €3k | €4k | €3k | €3k | ▲ 6.3% |
| Amounts receivable within one year40/41 | €9k | €24k | €39k | €73k | €88k | ▲ 19.9% |
| Trade receivables40 | €2k | €6k | €9k | €20k | €22k | ▲ 10.6% |
| Other amounts receivable41 | €7k | €18k | €29k | €54k | €66k | ▲ 23.3% |
| Cash at bank and in hand54/58 | €11k | €18k | €22k | €11k | €10k | ▼ 3.0% |
| Deferred charges and accrued income490/1 | €7k | €1k | €951 | €3k | €2k | ▼ 40.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €187k | €208k | €290k | €400k | €391k | ▼ 2.2% |
| Equity10/15 | €66k | €76k | €117k | €163k | €192k | ▲ 18.0% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Tax-exempt reserves132 | - | - | €2k | - | - | - |
| Distributable reserves133 | - | - | - | €2k | €2k | = |
| Profit (loss) carried forward14 | €45k | €56k | €97k | €142k | €172k | ▲ 20.6% |
| Amounts payable17/49 | €121k | €131k | €173k | €237k | €199k | ▼ 16.1% |
| Amounts payable after more than one year17 | €61k | €51k | €88k | €130k | €102k | ▼ 21.6% |
| Financial debts170/4 | €61k | €51k | €88k | €130k | €102k | ▼ 21.6% |
| Amounts payable within one year42/48 | €59k | €67k | €83k | €105k | €97k | ▼ 7.7% |
| Current portion of amounts payable after more than one year42 | €18k | €26k | €38k | €49k | €48k | ▼ 1.9% |
| Financial debts43 | €4k | - | €3k | - | - | - |
| Credit institutions430/8 | €4k | - | €3k | - | - | - |
| Trade debts44 | €24k | €31k | €19k | €19k | €30k | ▲ 61.7% |
| Suppliers440/4 | €24k | €31k | €19k | €19k | €30k | ▲ 61.7% |
| Advances received on contracts in progress46 | - | €8k | €2k | €15k | €4k | ▼ 72.7% |
| Taxes, remuneration and social security45 | €13k | €2k | €21k | €21k | €14k | ▼ 36.0% |
| Taxes450/3 | €5k | €1k | €16k | €18k | €8k | ▼ 58.5% |
| Remuneration and social security454/9 | €8k | €750 | €4k | €3k | €6k | ▲ 100% |
| Accrued charges and deferred income492/3 | €39 | €13k | €2k | €2k | €150 | ▼ 92.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11k | €11k | €41k | €46k | €29k | ▼ 35.8% |
| + Depreciation and write-downs630 | €26k | €22k | €32k | €43k | €45k | ▲ 4.7% |
| Operating cash flow (approximation) | €37k | €32k | €73k | €89k | €75k | ▼ 16.1% |
| Investment in fixed assets (approximation) | - | €-26k | €-95k | €-130k | €-23k | ▲ 81.9% |
| Change in cash | - | €6k | €5k | €-12k | €-313 | ▲ 97.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 56 days late
2024
31-12
Financial
Highest result since 2018net €46k ▲12.7%
Net result €46k, the highest in the series.
31-12
Financial
Equity above €150kEq €163k ▲39%
7 profitable years in a row build equity to €163k.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial
Equity above €100kEq €117k ▲53%
6 profitable years in a row build equity to €117k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 88 days late
2019
31-12
Financial
Weakest financial yearnet €4k ▼80%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
30-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 91 days late
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Dendermonde · 2 establishment units since 2016
Ground area
2,613 m²
Building footprint
365 m²
Volume, LiDAR
1,755 m³
2 parcels, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Sagi
since 20162.256.558.114
Frituur Den Broekkant
since 20172.261.394.949
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42002B0112/00C000 | Flanders | 2,440 m² | 1 · 282 m² | 7.6 m · 2 fl. |
| 42002B0222/00K000 | Flanders | 173 m² | 1 · 83 m² | 8.4 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteDendermonde2.261.394.949
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Of 21,861 companies in sector 56112 we hold annual accounts for 9,773. 6,781 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded15-09-2016
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
93192Activities of independent sportspeople
95290Repair and maintenance of other personal and household goods
Scores and ratios are computed by Checked and are not a credit decision.