SAGIMA
ActiveSummary
SAGIMA has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €802,793 and a net result of €130,234. Equity is growing by ~5.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▼-18
Solvency90▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65,000 at 30 days acceptable
Liquidity ample (current ratio 2.61 against 4.13 in 2024; short-term debt: 19.7% and cash: 24.1% of total assets), and 35.4% of the assets are financed with debt.
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Signals
Six 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
64.6%
Return on assets
10.5%
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 24-08-2026, 24 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
24 d late
2024
12 d late
2023
55 d late
2022
on the day
2021
30 d late
2020
11 d early
2019
21 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 19 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
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. Usually files around 24 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€130,234▼ 58.5%
2024 · €314,107
Working capital
€393,514▲ 1.0%
2024 · €389,794
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€41,385€39,581▼ 4.4%€46,013▲ 16.2%€45,539▼ 1.0%€62,304▲ 36.8%
Net result€25,775€19,980▼ 22.5%€80,847▲ 305%€314,107▲ 289%€130,234▼ 58.5%
Equity€428,240▲ 6.4%€448,219▲ 4.7%€427,254▼ 4.7%€741,361▲ 73.5%€802,793▲ 8.3%
Total assets€1.3m▲ 45.1%€1.1m▼ 12.6%€1.1m▲ 0.6%€1.3m▲ 10.4%€1.2m▼ 1.1%
Debt€818,384▲ 90.3%€640,473▼ 21.7%€677,482▲ 5.8%€486,423▼ 28.2%€416,532▼ 14.4%
Working capital€80,233€26,387▼ 67.1%€174,724▲ 562%€389,794▲ 123%€393,514▲ 1.0%
Why a figure moved sharply
- 2025 Net result -59% on 2024. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 37% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€604,486 ▼ 18.5%
Current assets
€638,232 ▲ 24.1%
Equity and liabilities €1.2m
Equity
€802,793 ▲ 8.3%
Provisions
€23,393 ▼ 18.5%
Debt
€416,532 ▼ 14.4%
Debt's share of the balance-sheet total falls from 38.7% to 33.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€157,548▲
2024 · €157,319
Cash flow
€225,478▼
2024 · €425,887
Current ratio
2.61▼
2024 · 4.13
Debt to equity
0.52▼
2024 · 0.66
ROE
16.2%▼
2024 · 42.4%
ROA
10.5%▼
2024 · 25.0%
Interest coverage
10.40▲
2024 · 6.07
Debt ≤ 1 year
€244,718▲
2024 · €124,694
Debt > 1 year
€171,500▼
2024 · €360,706
Income taxes
€61,023▼
2024 · €117,392
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,129 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,129 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €7,500 | - | - | - | €2,506 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €95,831 | €120,844 | €117,436 | €111,780 | €95,244 | ▼ 14.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €267 | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | -€6,391 | - | - | - | - | - |
| Other operating charges640/8 | €30,921 | €28,775 | €32,090 | €32,245 | €29,002 | ▼ 10.1% |
| Non-recurring operating charges66A | - | - | €8,680 | €232 | - | - |
| Gross operating margin9900 | €161,746 | €189,200 | €204,486 | €189,796 | €186,550 | ▼ 1.7% |
| Operating profit (loss)9901 | €41,385 | €39,581 | €46,013 | €45,539 | €62,304 | ▲ 36.8% |
| Financial income75/76B | €265 | €179 | €85,725 | €407,031 | €138,807 | ▼ 65.9% |
| Recurring financial income75 | €265 | €179 | €1,170 | €1,491 | €9,828 | ▲ 559% |
| Non-recurring financial income76B | - | - | €84,555 | €405,540 | €128,979 | ▼ 68.2% |
| Financial charges65/66B | €14,404 | €13,652 | €19,893 | €25,928 | €15,154 | ▼ 41.6% |
| Recurring financial charges65 | €14,404 | €13,652 | €19,893 | €25,928 | €15,154 | ▼ 41.6% |
| Profit (loss) for the period before taxes9903 | €27,245 | €26,108 | €111,845 | €426,642 | €185,958 | ▼ 56.4% |
| Transfer from deferred taxes780 | €5,271 | €5,271 | €9,175 | €4,857 | €5,299 | ▲ 9.1% |
| Income taxes67/77 | €6,741 | €11,400 | €40,172 | €117,392 | €61,023 | ▼ 48.0% |
| Profit (loss) for the period9904 | €25,775 | €19,980 | €80,847 | €314,107 | €130,234 | ▼ 58.5% |
| Transfer from tax-exempt reserves789 | €47,606 | €15,813 | €27,524 | €14,570 | €14,113 | ▼ 3.1% |
| Transfer to tax-exempt reserves689 | - | - | - | €189,450 | €52,625 | ▼ 72.2% |
| Profit (loss) for the period to be appropriated9905 | €73,382 | €35,793 | €108,371 | €139,226 | €91,722 | ▼ 34.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €1.1m | €1.1m | €1.3m | €1.2m | ▼ 1.1% |
| Fixed assets21/28 | €1.1m | €1.0m | €889,556 | €741,987 | €604,486 | ▼ 18.5% |
| Tangible fixed assets22/27 | €1.1m | €1.0m | €888,236 | €741,031 | €604,486 | ▼ 18.4% |
| Land and buildings22 | €1.1m | €975,600 | €859,431 | €723,446 | €600,858 | ▼ 16.9% |
| Furniture and vehicles24 | €1,900 | €1,455 | €4,647 | €3,692 | - | - |
| Leasing and similar rights25 | €44,689 | €34,424 | €24,159 | €13,893 | €3,628 | ▼ 73.9% |
| Financial fixed assets28 | €10,000 | €10,000 | €1,320 | €956 | - | - |
| Current assets29/58 | €170,707 | €109,936 | €248,729 | €514,489 | €638,232 | ▲ 24.1% |
| Amounts receivable after more than one year29 | - | - | - | €300,000 | €300,000 | = |
| Other amounts receivable291 | - | - | - | €300,000 | €300,000 | = |
| Amounts receivable within one year40/41 | €5,050 | €64 | €1,693 | €11,064 | €11,054 | ▼ 0.1% |
| Trade receivables40 | €4,986 | - | €1,323 | - | - | - |
| Other amounts receivable41 | €64 | €64 | €370 | €11,064 | €11,054 | ▼ 0.1% |
| Current investments50/53 | €5,656 | €6,167 | €191,344 | €158,670 | €16,778 | ▼ 89.4% |
| Cash at bank and in hand54/58 | €140,226 | €103,705 | €51,703 | €14,133 | €299,669 | ▲ 2,020% |
| Deferred charges and accrued income490/1 | €19,775 | - | €3,990 | €30,622 | €10,731 | ▼ 65.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €1.1m | €1.1m | €1.3m | €1.2m | ▼ 1.1% |
| Equity10/15 | €428,240 | €448,219 | €427,254 | €741,361 | €802,793 | ▲ 8.3% |
| Contributions10/11 | €75,000 | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Capital10 | €75,000 | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Issued capital100 | €75,000 | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Reserves13 | €353,240 | €373,219 | €352,254 | €666,361 | €727,793 | ▲ 9.2% |
| Non-distributable reserves130/1 | €7,500 | €7,500 | €7,500 | €307,500 | €307,500 | = |
| Legal reserve130 | €7,500 | €7,500 | €7,500 | €7,500 | €7,500 | = |
| Financial assistance1313 | - | - | - | €300,000 | €300,000 | = |
| Tax-exempt reserves132 | €143,984 | €128,171 | €100,647 | €86,078 | €124,589 | ▲ 44.7% |
| Distributable reserves133 | €201,755 | €237,548 | €244,107 | €272,783 | €295,704 | ▲ 8.4% |
| Provisions and deferred taxes16 | €47,995 | €42,724 | €33,549 | €28,693 | €23,393 | ▼ 18.5% |
| Deferred taxes168 | €47,995 | €42,724 | €33,549 | €28,693 | €23,393 | ▼ 18.5% |
| Amounts payable17/49 | €818,384 | €640,473 | €677,482 | €486,423 | €416,532 | ▼ 14.4% |
| Amounts payable after more than one year17 | €718,019 | €547,208 | €587,747 | €360,706 | €171,500 | ▼ 52.5% |
| Financial debts170/4 | €379,694 | €322,350 | €270,005 | €216,835 | €171,500 | ▼ 20.9% |
| Other amounts payable178/9 | €338,325 | €224,858 | €317,742 | €143,871 | - | - |
| Amounts payable within one year42/48 | €90,474 | €83,549 | €74,005 | €124,694 | €244,718 | ▲ 96.3% |
| Current portion of amounts payable after more than one year42 | €68,734 | €57,344 | €52,345 | €53,229 | €46,078 | ▼ 13.4% |
| Trade debts44 | €18,928 | €12,063 | €3,929 | €497 | €4,655 | ▲ 837% |
| Suppliers440/4 | €18,928 | €12,063 | €3,929 | €497 | €4,655 | ▲ 837% |
| Taxes, remuneration and social security45 | €1,050 | €1,645 | €16,107 | €10,992 | €7,678 | ▼ 30.1% |
| Taxes450/3 | €1,050 | €1,645 | €16,107 | €10,992 | €7,678 | ▼ 30.1% |
| Other amounts payable47/48 | €1,761 | €12,497 | €1,624 | €59,976 | €186,308 | ▲ 211% |
| Accrued charges and deferred income492/3 | €9,892 | €9,716 | €15,730 | €1,022 | €314 | ▼ 69.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25,775 | €19,980 | €80,847 | €314,107 | €130,234 | ▼ 58.5% |
| + Depreciation and write-downs630 | €95,831 | €120,844 | €117,436 | €111,780 | €95,244 | ▼ 14.8% |
| Operating cash flow (approximation) | €121,607 | €140,823 | €198,284 | €425,887 | €225,478 | ▼ 47.1% |
| Investment in fixed assets (approximation) | - | -€18,412 | €14,487 | €35,789 | €42,257 | ▲ 18.1% |
| Change in cash | - | -€36,521 | -€52,002 | -€37,571 | €285,536 | ▲ 860% |
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
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 24 days late
2025
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 12 days late
2024
31-12
Financial
Highest result since 2018net €314,107 ▲289%
Net result €314,107, the highest in the series.
31-12
Financial
Equity above €500,000Eq €741,361 ▲73.5%
4 profitable years in a row build equity to €741,361.
24-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 55 days late
2023
31-12
Financial
Liquidity triplescurrent ratio 3.36
Current ratio from 1.32 to 3.36; short-term debt falls from €83,549 to €74,005.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
31-12
Financial
Back to profitnet €25,775
Net result €25,775 after 3 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 1.89
Current ratio from 0.81 to 1.89.
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet -€48,281
Net result drops to -€48,281, the lowest in the series; recovery starts the following year.
Show earlier events
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 21 days late
2019
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 13 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Waimes · 1 establishment unit since 1987
Ground area
4,203 m²
Building footprint
386 m²
Volume, LiDAR
2,371 m³
2 parcels, Wallonia · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
SAGIMA
since 19872.031.230.082
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63080G0226/00F000 | Wallonia | 2,141 m² | 1 · 209 m² | 10.6 m · 2 fl. |
| 63080F0162/00H000 | Wallonia | 2,062 m² | 1 · 177 m² | 9.1 m · 2 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
Legal Entity Identifier
5299005EWWOCY51AU642
Identification & contact
Identification
Legal formPublic limited company
Founded23-12-1986
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.