SAGITTAIRE FINANCE
ActiveThe computed 12-month bankruptcy probability of SAGITTAIRE FINANCE is 3.4% (moderate). The 2024 annual accounts show equity of €840k and a net result of €-298k. Equity is shrinking by ~30.8% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
31
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability1▲+1
Solvency65▼-7
Growth32=
Track record94
Bankruptcy probability, 12 months
3.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days only on tighter terms
Liquidity short (current ratio 0.51 against 0.7 in 2023; short-term debt: 60.4% and cash: 0.5% of total assets), and 60.4% 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.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
39.6%
Return on assets
-14.1%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
222324
2022 to 2024 · latest year €-298k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-07-2025, 22 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
22 d early
2023
1 d early
2022
4 d early
2022
181 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€840k▼ 26.2%
2023 · €1.14M
2022: €1.54M
2023: €1.14M
2022 → 2024
Total assets
€2.12M▼ 12.6%
2023 · €2.43M
2022: €2.84M
2023: €2.43M
2022 → 2024
Net result
€-298k▲ 25.9%
2023 · €-403k
2022: €11.07M
2023: €-403k
2022 → 2024
Working capital
€-633k▼ 62.6%
2023 · €-389k
2022: €-42k
2023: €-389k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€1.54M-€1.14M▼ 26.1%€840k▼ 26.2%
Operating result€-433k-€-332k▲ 23.4%€-301k▲ 9.3%
Net result€11.07M-€-403k€-298k▲ 25.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €301k in 2024 against €332k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.12M
Fixed assets
€1.47M▼ 3.6%
Current assets
€648k▼ 28.0%
Equity and liabilities €2.12M
Equity
€840k▼ 26.2%
Debt
€1.28M▼ 0.7%
The debt ratio rises from 53.1% to 60.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-247k▲
2023 · €-277k
Cash flow
€-244k▲
2023 · €-348k
Solvency
39.6%▼
2023 · 46.9%
Current ratio
0.51▼
2023 · 0.70
Quick ratio
0.51▼
2023 · 0.70
Debt / equity
1.52▲
2023 · 1.13
ROE
-35.5%▼
2023 · -35.4%
ROA
-14.1%▲
2023 · -16.6%
Interest coverage
-4112.12▼
2023 · -3.54
Debt
€1.28M▼
2023 · €1.29M
Debt ≤ 1 year
€1.28M▼
2023 · €1.29M
Income taxes
€-891
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€2.43M€2.12M▼
Fixed assets21/28€1.53M€1.47M▼
Tangible fixed assets22/27€748k€693k▼
Land and buildings22€737k€686k▼
Furniture and vehicles24€11k€8k▼
Financial fixed assets28€780k€780k=
Current assets29/58€900k€648k▼
Amounts receivable within one year40/41€472k€468k▼
Other amounts receivable41€472k€468k▼
Current investments50/53-€168k
Cash at bank and in hand54/58€428k€11k▼
Deferred charges and accrued income490/1-€55
Equity and liabilities
Total equity and liabilities10/49€2.43M€2.12M▼
Equity10/15€1.14M€840k▼
Contributions10/11€600k€600k=
Reserves13€538k€240k▼
Distributable reserves133€538k€240k▼
Amounts payable17/49€1.29M€1.28M▼
Amounts payable within one year42/48€1.29M€1.28M▼
Trade debts44€35k€28k▼
Suppliers440/4€35k€28k▼
Taxes, remuneration and social security45€891-
Taxes450/3€891-
Other amounts payable47/48€1.25M€1.25M=
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€55k€54k▼
Other operating charges640/8€279€290▲
Gross operating margin9900€-277k€-246k▲
Operating profit (loss)9901€-332k€-301k▲
Financial income75/76B€8k€2k▼
Recurring financial income75€8k€2k▼
Financial charges65/66B€78k€60▼
Recurring financial charges65€78k€60▼
Profit (loss) for the period before taxes9903€-403k€-299k▲
Income taxes67/77-€-891
Profit (loss) for the period9904€-403k€-298k▲
Profit (loss) for the period to be appropriated9905€-403k€-298k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-403k€-298k▲
Transfer from equity791/2€403k€298k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-403k ▼104%
Net result drops to €-403k, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
03-05
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Wevelgem · 1 establishment unit since 2022
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.
Ballingstraat 1168560 WevelgemGround area
653 m²
Building footprint
111 m²
Volume, LiDAR
533 m³
Parcel 34012A0248/00D002, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SAGITTAIRE FINANCE
since 20222.332.996.092
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34012A0248/00D002 | Flanders | 653 m² | 1 · 111 m² | 7.9 m · 2 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.
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-03-2022
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.