SAGRAS
ActiveSummary
SAGRAS has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €41k and a net result of €-8k. Equity remains stable across the filed fiscal years (±2.5% per year). Its solvency ranks better than 71% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability15▲+15
Solvency84▼-3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 3.0 against 5.02 in 2024; short-term debt: 15.2% and cash: 33.5% of total assets), and 41% 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 · 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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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
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 2025Solvency, return and age of the figures
Solvency
59%
Return on assets
-12%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-8k
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
44 d early
2023
on the day
2022
7 d early
2021
29 d late
2020
33 d early
2019
21 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#10 oldest company in Jurbise, Real estate sector
Equity
€41k▼ 16.9%
2024 · €50k
Total assets
€70k▼ 12.5%
2024 · €80k
Net result
€-8k▲ 48.8%
2024 · €-16k
Working capital
€21k▼ 36.3%
2024 · €34k
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€-15k▼ 59,618%€1k€43k▲ 2,853%€-15k€-7k▲ 52.8%
Net result€-15k▼ 2,286%€1k€36k▲ 2,679%€-16k€-8k▲ 48.8%
Equity€29k▼ 34.9%€30k▲ 4.5%€66k▲ 119%€50k▼ 24.8%€41k▼ 16.9%
Total assets€51k▼ 29.3%€43k▼ 16.0%€86k▲ 101%€80k▼ 6.7%€70k▼ 12.5%
Debt€22k▼ 20.3%€12k▼ 43.0%€20k▲ 58.4%€30k▲ 53.5%€29k▼ 5.3%
Working capital€25k▲ 1.5%€31k▲ 21.7%€47k▲ 53.4%€34k▼ 28.8%€21k▼ 36.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €7k in 2025 against €15k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €70k
Fixed assets
€38k ▼ 0.4%
Current assets
€32k ▼ 23.6%
Equity and liabilities €70k
Equity
€41k ▼ 16.9%
Debt
€29k ▼ 5.3%
Debt's share of the balance-sheet total rises from 37.9% to 41.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€2k▲
2024 · €-6k
Cash flow
€805▲
2024 · €-7k
Current ratio
3.00▼
2024 · 5.02
Debt to equity
0.70▲
2024 · 0.61
ROE
-20.3%▲
2024 · -32.9%
ROA
-12.0%▲
2024 · -20.4%
Interest coverage
1.38▲
2024 · -5.37
Debt ≤ 1 year
€11k▲
2024 · €8k
Debt > 1 year
€18k▼
2024 · €22k
Income taxes
€1▲
2024 · €-117
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 | €5k | €6k | €55k | €2k | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | €2k | €4k | €300 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €4k | €6k | €9k | €9k | ▲ 2.5% |
| Other operating charges640/8 | €18 | - | - | - | - | - |
| Non-recurring operating charges66A | €19k | €0 | €6k | €42 | €0 | ▼ 100% |
| Gross operating margin9900 | €10k | €10k | €55k | €-6k | €2k | ▲ 130% |
| Operating profit (loss)9901 | €-15k | €1k | €43k | €-15k | €-7k | ▲ 52.8% |
| Financial income75/76B | €8 | €5 | €49 | €123 | €283 | ▲ 130% |
| Recurring financial income75 | €8 | €5 | €49 | €123 | €283 | ▲ 130% |
| Financial charges65/66B | €334 | €154 | €85 | €1k | €1k | ▲ 15.6% |
| Recurring financial charges65 | €334 | €154 | €85 | €1k | €1k | ▲ 15.6% |
| Profit (loss) for the period before taxes9903 | €-15k | €1k | €42k | €-16k | €-8k | ▲ 49.2% |
| Income taxes67/77 | €-2 | €-3 | €7k | €-117 | €1 | ▲ 101% |
| Profit (loss) for the period9904 | €-15k | €1k | €36k | €-16k | €-8k | ▲ 48.8% |
| Profit (loss) for the period to be appropriated9905 | €-15k | €1k | €36k | €-16k | €-8k | ▲ 48.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €51k | €43k | €86k | €80k | €70k | ▼ 12.5% |
| Fixed assets21/28 | €12k | €8k | €28k | €38k | €38k | ▼ 0.4% |
| Intangible fixed assets21 | - | - | - | €18k | €16k | ▼ 11.1% |
| Tangible fixed assets22/27 | €12k | €8k | €27k | €20k | €22k | ▲ 9.2% |
| Plant, machinery and equipment23 | €11k | €7k | €8k | €5k | €10k | ▲ 120% |
| Furniture and vehicles24 | €349 | €248 | €655 | €322 | €46 | ▼ 85.8% |
| Other tangible fixed assets26 | €800 | €600 | €19k | €15k | €12k | ▼ 21.9% |
| Financial fixed assets28 | €363 | €363 | €363 | - | - | - |
| Current assets29/58 | €38k | €35k | €58k | €42k | €32k | ▼ 23.6% |
| Amounts receivable within one year40/41 | €4 | €2 | €36k | €12k | €2k | ▼ 87.5% |
| Trade receivables40 | - | - | €36k | €12k | €2k | ▼ 87.5% |
| Other amounts receivable41 | €4 | €2 | - | €37 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €38k | €35k | €22k | €30k | €23k | ▼ 21.2% |
| Deferred charges and accrued income490/1 | - | - | - | - | €7k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €51k | €43k | €86k | €80k | €70k | ▼ 12.5% |
| Equity10/15 | €29k | €30k | €66k | €50k | €41k | ▼ 16.9% |
| Contributions10/11 | €19k | €19k | €20k | €20k | €20k | = |
| Reserves13 | €10k | €12k | €46k | €29k | €21k | ▼ 28.6% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €8k | €10k | €46k | €29k | €21k | ▼ 28.6% |
| Amounts payable17/49 | €22k | €12k | €20k | €30k | €29k | ▼ 5.3% |
| Amounts payable after more than one year17 | €9k | €9k | €9k | €22k | €18k | ▼ 17.8% |
| Financial debts170/4 | €237 | - | - | €13k | €10k | ▼ 29.1% |
| Other amounts payable178/9 | €9k | €9k | €9k | €9k | €9k | = |
| Amounts payable within one year42/48 | €13k | €4k | €11k | €8k | €11k | ▲ 27.7% |
| Current portion of amounts payable after more than one year42 | €3k | €237 | - | €4k | €4k | ▲ 7.5% |
| Trade debts44 | €6k | - | €1k | €41 | €328 | ▲ 701% |
| Suppliers440/4 | €5k | - | €1k | €41 | €328 | ▲ 701% |
| Bills of exchange payable441 | €968 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €3k | €3k | €9k | €4k | €1k | ▼ 62.8% |
| Taxes450/3 | €2k | €3k | €9k | €4k | €1k | ▼ 62.8% |
| Remuneration and social security454/9 | €693 | - | - | - | - | - |
| Other amounts payable47/48 | €1k | €1k | €1k | €1k | €5k | ▲ 353% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-15k | €1k | €36k | €-16k | €-8k | ▲ 48.8% |
| + Depreciation and write-downs630 | €4k | €4k | €6k | €9k | €9k | ▲ 2.5% |
| Operating cash flow (approximation) | €-11k | €6k | €42k | €-7k | €805 | ▲ 111% |
| Investment in fixed assets (approximation) | - | €0 | €-25k | €-20k | €-9k | ▲ 53.9% |
| Change in cash | - | €-4k | €-12k | €8k | €-6k | ▼ 184% |
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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-16k
Net result drops to €-16k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €36k ▲2,679%
Operating result €43k, net result €36k, both a record.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €1k
Net result €1k after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 8.77
Current ratio from 2.92 to 8.77; short-term debt falls from €13k to €4k.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 21 days late
2019
05-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 5 days late
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · 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, Jurbise · 1 establishment unit since 2008
Ground area
695 m²
Building footprint
187 m²
Volume, LiDAR
2,296 m³
2 parcels, Wallonia · tallest building 20.7 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
SAGRAS SPRL
since 20082.174.324.482
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53044B0287/00F000 | Wallonia | 575 m² | 1 · 63 m² | - |
| 55372D0031/00W003 | Wallonia | 120 m² | 1 · 124 m² | 20.6 m · 6 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.
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Of 12,041 companies in sector 68203 we hold annual accounts for 5,994. 2,885 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
Founded13-10-2008
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
Contact
Phone
0475/931081La Louvière
Scores and ratios are computed by Checked and are not a credit decision.