SAH TEGELS
ActiveSAH TEGELS has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €83k and a net result of €-2k. Equity is growing by ~20.7% per year across the filed fiscal years. Its solvency ranks better than 35% of 501 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
60
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability68▼-21
Solvency56▼-35
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity short (current ratio 0.81 against 1.74 in 2023; short-term debt: 24.3% and cash: 0.9% of total assets), and 68.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
31.2%
Return on assets
-0.8%
Age of the figures
21 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 23
Relative position
BE, all sectors
reference
Sector 23
lower
← 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
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 23-06-2025, 38 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
30 d early
2022
32 d early
2021
34 d early
2020
36 d early
2019
36 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€83k▼ 2.5%
2023 · €85k
2018: €29k
2019: €35k
2020: €41k
2021: €62k
2022: €64k
2023: €85k
2018 → 2024
Total assets
€266k▲ 107%
2023 · €129k
2018: €62k
2019: €63k
2020: €59k
2021: €81k
2022: €88k
2023: €129k
2018 → 2024
Net result
€-2k
2023 · €21k
2018: €3k
2019: €6k
2020: €6k
2021: €20k
2022: €2k
2023: €21k
2018 → 2024
Working capital
€-12k
2023 · €32k
2018: €17k
2019: €24k
2020: €38k
2021: €48k
2022: €37k
2023: €32k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€41k-€62k▲ 49.4%€64k▲ 3.5%€85k▲ 32.6%€83k▼ 2.5%
Operating result€9k-€29k▲ 208%€3k▼ 89.5%€30k▲ 889%€-1k
Net result€6k-€20k▲ 241%€2k▼ 89.5%€21k▲ 876%€-2k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €1k after €30k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €266k
Fixed assets
€213k▲ 307%
Current assets
€52k▼ 31.2%
Equity and liabilities €266k
Equity
€83k▼ 2.5%
Debt
€183k▲ 318%
The debt ratio rises from 34.0% to 68.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€12k▼
2023 · €37k
Cash flow
€11k▼
2023 · €28k
Solvency
31.2%▼
2023 · 66.0%
Current ratio
0.81▼
2023 · 1.74
Quick ratio
0.81▼
2023 · 1.74
Debt / equity
2.21▲
2023 · 0.51
ROE
-2.5%▼
2023 · 24.6%
ROA
-0.8%▼
2023 · 16.2%
Interest coverage
15.39▼
2023 · 65.47
Debt
€183k▲
2023 · €44k
Debt ≤ 1 year
€64k▲
2023 · €44k
Debt > 1 year
€118k
Staff costs
€121k▼
2023 · €140k
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€129k€266k▲
Fixed assets21/28€52k€213k▲
Tangible fixed assets22/27€52k€213k▲
Land and buildings22-€180k
Furniture and vehicles24€52k€34k▼
Current assets29/58€76k€52k▼
Amounts receivable within one year40/41€34k€50k▲
Trade receivables40€29k€43k▲
Other amounts receivable41€6k€7k▲
Cash at bank and in hand54/58€42k€2k▼
Equity and liabilities
Total equity and liabilities10/49€129k€266k▲
Equity10/15€85k€83k▼
Contributions10/11€12k€12k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€71k€69k▼
Amounts payable17/49€44k€183k▲
Amounts payable after more than one year17-€118k
Financial debts170/4-€118k
Amounts payable within one year42/48€44k€64k▲
Current portion of amounts payable after more than one year42-€7k
Trade debts44€7k€4k▼
Suppliers440/4€7k€4k▼
Taxes, remuneration and social security45€37k€23k▼
Taxes450/3€15k€7k▼
Remuneration and social security454/9€21k€16k▼
Other amounts payable47/48-€31k
Income statement
Code20232024
Remuneration, social security and pensions62€140k€121k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€13k▲
Other operating charges640/8€1k€31k▲
Non-recurring operating charges66A-€7k
Gross operating margin9900€179k€170k▼
Operating profit (loss)9901€30k€-1k▼
Financial charges65/66B€572€752▲
Recurring financial charges65€572€752▲
Profit (loss) for the period before taxes9903€30k€-2k▼
Income taxes67/77€9k-
Profit (loss) for the period9904€21k€-2k▼
Profit (loss) for the period to be appropriated9905€21k€-2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€71k€69k▼
Profit (loss) brought forward from the previous period14P€50k€71k▲
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
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-2k ▼110%
Net result drops to €-2k, the lowest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €21k ▲876%
Operating result €30k, net result €21k, both a record.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 24 days late
2016
24-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Antwerpen · 1 establishment unit since 2014
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.
Valaardreef 272610 AntwerpenGround area
232 m²
Building footprint
75 m²
Volume, LiDAR
742 m³
Parcel 11462A0074/00F002, Flanders · tallest building 13.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SAH TEGELS
since 20142.236.080.523
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11462A0074/00F002 | Flanders | 232 m² | 1 · 75 m² | 13.2 m · 3 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.
Similar companies · same sector, comparable size
MARBRERIE GOWIE
BE 0880.342.009
Quiévrain · Eq €82k
STONE ART
BE 0477.538.225
Herzele · Eq €85k
STEENKAPPERIJ VAN DIJCK
BE 0841.837.066
Balen · Eq €85k
Natuursteenbedrijf G. Van Daele
BE 0401.051.448
Gent · Eq €86k
W.N.B.
BE 0451.200.646
Wingene · Eq €80k
Of 739 companies in sector 23700 we hold annual accounts for 491. 396 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-10-2014
Fiscal year end31-12
Activities, NACEBEL
23700Cutting, shaping and finishing of stone
47523Retail trade
43331Floor and wall tiling
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:Ahmetsahingoz@live.be
Phone:0488639811