SAILING QUEEN
ActiveSummary
SAILING QUEEN has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €14k and a net result of €21k. Equity is growing by ~118.7% per year across the filed fiscal years. Its solvency ranks better than 27% of 7780 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+48
Solvency46▲+31
Growth78▲+46
Track record82
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 1.85 against 2.31 in 2024; short-term debt: 41.4% and cash: 43.2% of total assets), but 78.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer 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
21.1%
Return on assets
29.9%
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 28-08-2026, 28 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 · 3 filingsDeviation from the deadline
2025
28 d late
2024
28 d late
2023
58 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
€14k
2024 · €-5k
Total assets
€69k▲ 29.2%
2024 · €53k
Net result
€21k
2024 · €-7k
Working capital
€24k▲ 101%
2024 · €12k
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
Line202320242025
Operating result€1k-€-7k€27k
Net result€50-€-7k€21k
Equity€2k-€-5k€14k
Total assets€61k-€53k▼ 12.4%€69k▲ 29.2%
Debt€59k-€59k▼ 0.4%€54k▼ 7.2%
Working capital€-38k-€12k€24k▲ 101%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €27k after a loss of €7k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €69k
Fixed assets
€16k ▼ 49.5%
Current assets
€53k ▲ 149%
Equity and liabilities €69k
Equity
€14k
Debt
€54k
Debt finances 78.9% of the balance-sheet total.
Key figures and ratios
EBITDA
€45k▲
2024 · €11k
Cash flow
€38k▲
2024 · €11k
Current ratio
1.85▼
2024 · 2.31
Debt to equity
3.75▲
2024 · -11.17
ROE
141.9%
ROA
29.9%▲
2024 · -13.7%
Interest coverage
18.87▲
2024 · 15.93
Debt ≤ 1 year
€28k▲
2024 · €9k
Debt > 1 year
€25k▼
2024 · €49k
Income taxes
€4k
Staff costs
€3k▼
2024 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | €687 | €4k | €3k | ▼ 29.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15k | €18k | €18k | ▼ 0.8% |
| Other operating charges640/8 | €1k | €2k | €1k | ▼ 39.6% |
| Gross operating margin9900 | €19k | €17k | €49k | ▲ 185% |
| Operating profit (loss)9901 | €1k | €-7k | €27k | ▲ 507% |
| Financial income75/76B | €0 | €80 | €151 | ▲ 87.9% |
| Recurring financial income75 | €0 | €80 | €151 | ▲ 87.9% |
| Financial charges65/66B | €1k | €704 | €2k | ▲ 238% |
| Recurring financial charges65 | €1k | €704 | €2k | ▲ 238% |
| Profit (loss) for the period before taxes9903 | €50 | €-7k | €25k | ▲ 442% |
| Income taxes67/77 | - | - | €4k | - |
| Profit (loss) for the period9904 | €50 | €-7k | €21k | ▲ 382% |
| Profit (loss) for the period to be appropriated9905 | €50 | €-7k | €21k | ▲ 382% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €61k | €53k | €69k | ▲ 29.2% |
| Fixed assets21/28 | €50k | €32k | €16k | ▼ 49.5% |
| Tangible fixed assets22/27 | €50k | €32k | €16k | ▼ 49.5% |
| Plant, machinery and equipment23 | €41k | €27k | €13k | ▼ 50.6% |
| Furniture and vehicles24 | €116 | €0 | €1k | - |
| Other tangible fixed assets26 | €9k | €5k | €1k | ▼ 71.1% |
| Current assets29/58 | €11k | €21k | €53k | ▲ 149% |
| Stocks and contracts in progress3 | €480 | €2k | €0 | ▼ 100% |
| Stocks30/36 | €480 | €2k | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €7k | €8k | €19k | ▲ 131% |
| Trade receivables40 | €7k | €36 | €7k | ▲ 18,329% |
| Other amounts receivable41 | - | €8k | €12k | ▲ 50.7% |
| Cash at bank and in hand54/58 | €3k | €10k | €30k | ▲ 195% |
| Deferred charges and accrued income490/1 | - | €698 | €4k | ▲ 456% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €61k | €53k | €69k | ▲ 29.2% |
| Equity10/15 | €2k | €-5k | €14k | ▲ 376% |
| Contributions10/11 | €2k | €2k | €2k | = |
| Reserves13 | €50 | €50 | €12k | ▲ 24,976% |
| Distributable reserves133 | €50 | €50 | €12k | ▲ 24,976% |
| Profit (loss) carried forward14 | - | €-7k | €0 | ▲ 100% |
| Amounts payable17/49 | €59k | €59k | €54k | ▼ 7.2% |
| Amounts payable after more than one year17 | €10k | €49k | €25k | ▼ 48.6% |
| Other amounts payable178/9 | €10k | €49k | €25k | ▼ 48.6% |
| Amounts payable within one year42/48 | €48k | €9k | €28k | ▲ 212% |
| Current portion of amounts payable after more than one year42 | - | - | €12k | - |
| Trade debts44 | €47k | €7k | €2k | ▼ 68.8% |
| Suppliers440/4 | €47k | €7k | €2k | ▼ 68.8% |
| Taxes, remuneration and social security45 | €1k | €2k | €13k | ▲ 580% |
| Taxes450/3 | €1k | €2k | €13k | ▲ 570% |
| Remuneration and social security454/9 | - | - | €192 | - |
| Other amounts payable47/48 | - | - | €833 | - |
| Accrued charges and deferred income492/3 | - | - | €456 | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €50 | €-7k | €21k | ▲ 382% |
| + Depreciation and write-downs630 | €15k | €18k | €18k | ▼ 0.8% |
| Operating cash flow (approximation) | €15k | €11k | €38k | ▲ 262% |
| Investment in fixed assets (approximation) | - | €0 | €-2k | - |
| Change in cash | - | €7k | €20k | ▲ 192% |
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
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 10current ratio 2.31
Current ratio from 0.22 to 2.31; short-term debt falls from €48k to €9k.
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Gent · 1 establishment unit since 2023
Ground area
985 m²
Building footprint
295 m²
Volume, LiDAR
2,049 m³
Parcel 44809I0539/00B003, Flanders · tallest building 12.2 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Sailing Queen
since 20232.355.252.743
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44809I0539/00B003 | Flanders | 985 m² | 1 · 295 m² | 12.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
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
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Of 24,515 companies in sector 82990 we hold annual accounts for 9,408. 5,229 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
Founded04-12-2023
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.