Public limited company · founded 2022 · 3 yrs activeVenecoweg 14, 9810 Nazareth, BelgiumKBO/BCE: BE 0794.604.303
Summary
SAJAMA is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €51.9m and a net result of €5.5m. Equity is growing by ~13.2% per year across the filed fiscal years. Its solvency ranks better than 29% of 2413 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
How financially healthy the company is, how likely a bankruptcy is and how much credit is sensible. Start here to know whether you can do business safely.
Outside the general model
Checked score
A figure from 0 to 100 for financial health from the latest annual accounts: the higher, the healthier. Without a figure, the card says why. A low score is a reason to look closely at payment terms and security.
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 25 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
○
neutral · The next deadline is still running
The next financial year closes on 31-08-2026 and is due by 31-03-2027. Nothing is late today.
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
History
History
The company's story in a few sentences, from the company register, the Belgian State Gazette and the filed annual accounts. Each number opens the document the sentence rests on.
On 9 December 2022, SAJAMA was incorporated as a Public limited company by BISKIMMO, DEBLOKO INVEST II and two other companies, with a starting capital of EUR 40 million.12Total assets went from EUR 144 million in 2023 to EUR 145 million in 2025 and headcount from 3 to 2.8 full-time equivalents.3
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourableunfavourable
Line202320242025
Turnover€3.7m-€5.3m▲ 43.3%€5.2m▼ 1.9%
Operating result€2.4m-€3.5m▲ 44.5%€3.3m▼ 4.2%
Net result-€311,880below the sector's middle half-€6.8mabove the sector's middle half€5.5mabove the sector's middle half▼ 19.4%
Equity€39.7mabove the sector's middle half-€46.5mabove the sector's middle half▲ 17.0%€51.9mabove the sector's middle half▲ 11.7%
Total assets€143.9mabove the sector's middle half-€144.3mabove the sector's middle half▲ 0.3%€145.3mabove the sector's middle half▲ 0.7%
Debt€104.2m-€97.8m▼ 6.1%€93.4m▼ 4.6%
Working capital-€8.6m--€8.2m▲ 4.8%-€6.9m▲ 15.4%
Solvency27.6%within the sector's middle half-32.2%within the sector's middle half▲ 4.6pp35.7%within the sector's middle half▲ 3.5pp
Staff (FTE)3within the sector's middle half-3.5within the sector's middle half▲ 16.7%2.8within the sector's middle half▼ 20.0%
abovewithinbelowthe middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 4% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €145.2m
98.7%
Fixed assets€143.2m =
Current assets€1.9m ▲ 122%
Equity and liabilities €145.3m
35.7%
64.3%
Equity€51.9m ▲ 11.7%
Provisions€48,000 =
Debt€93.4m ▼ 4.6%
Debt's share of the balance-sheet total falls from 67.8% to 64.3%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
ROE
10.5%▼
2024 · 14.6%
ROA
3.8%▼
2024 · 4.7%
Debt ≤ 1 year
€8.8m▼
2024 · €9.0m
Debt > 1 year
€83.2m▼
2024 · €87.3m
Income taxes
€746▼
2024 · €1,015
Staff costs
€497,655▼
2024 · €548,968
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accountsAs filed with the NBB · 2025 against 2024 · 66 lines
Balance sheetCode20242025
Assets
Total assets20/58€144.3m€145.3m▲
Formation expenses20€252,170€176,518▼
Fixed assets21/28€143.2m€143.2m=
Financial fixed assets28€143.2m€143.2m=
Affiliated companies280/1€143.2m€143.2m=
Participating interests280€143.2m€143.2m=
Current assets29/58€868,149€1.9m▲
Amounts receivable within one year40/41€750,698€1.4m▲
Trade receivables40€680,533€1.3m▲
Other amounts receivable41€70,166€60,201▼
Cash at bank and in hand54/58€115,433€568,724▲
Deferred charges and accrued income490/1€2,018€2,207▲
Equity and liabilities
Total equity and liabilities10/49€144.3m€145.3m▲
Equity10/15€46.5m€51.9m▲
Contributions10/11€40.0m€40.0m=
Capital10€40.0m€40.0m=
Issued capital100€40.0m€40.0m=
Reserves13-€11.9m
Distributable reserves133-€11.9m
Profit (loss) carried forward14€6.5m-
Provisions and deferred taxes16€48,000€48,000=
Provisions for liabilities and charges160/5€48,000€48,000=
Other liabilities and charges164/5€48,000€48,000=
Amounts payable17/49€97.8m€93.4m▼
Amounts payable after more than one year17€87.3m€83.2m▼
Financial debts170/4€87.3m€83.2m▼
Subordinated loans170€51.5m€51.5m=
Credit institutions173€35.8m€31.7m▼
Amounts payable within one year42/48€9.0m€8.8m▼
Current portion of amounts payable after more than one year42€4.0m€4.0m=
Trade debts44€341,098€132,068▼
Suppliers440/4€341,098€132,068▼
Taxes, remuneration and social security45€65,314€76,061▲
Taxes450/3€26,683€13,715▼
Remuneration and social security454/9€38,631€62,346▲
Other amounts payable47/48€4.6m€4.6m=
Accrued charges and deferred income492/3€1.5m€1.3m▼
Income statementCode20242025
Operating income70/76A€5.3m€5.2m▼
Turnover70€5.3m€5.2m▼
Other operating income74€11,631€7,875▼
Operating charges60/66A€1.8m€1.9m▲
Services and other goods61€1.2m€1.3m▲
Remuneration, social security and pensions62€548,968€497,655▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€75,651€75,651=
Provisions for liabilities and charges: additions (uses and reversals)635/8€8,000-
Other operating charges640/8€1,767€1,698▼
Operating profit (loss)9901€3.5m€3.3m▼
Financial income75/76B€7.5m€5.5m▼
Recurring financial income75€7.5m€5.5m▼
Income from financial fixed assets750€7.5m€5.5m▼
Other financial income752/9€7,619-
Financial charges65/66B€4.2m€3.4m▼
Recurring financial charges65€4.2m€3.4m▼
Debt charges650€4.2m€3.4m▼
Other financial charges652/9€1,711€451▼
Profit (loss) for the period before taxes9903€6.8m€5.5m▼
Income taxes67/77€1,015€746▼
Taxes670/3€1,022€746▼
Tax adjustments and reversals of tax provisions77€7-
Profit (loss) for the period9904€6.8m€5.5m▼
Profit (loss) for the period to be appropriated9905€6.8m€5.5m▼
Appropriation of the result
Profit (loss) to be appropriated9906€6.5m€11.9m▲
Profit (loss) brought forward from the previous period14P-€311,880€6.5m▲
Transfer to equity691/2-€11.9m
To other reserves6921-€11.9m
Social balance
Average headcount (FTE)90873.52.8▼
The notes to these accounts (34 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Line
2023
2024
2025
Change
Operating income70/76A
€3.8m
€5.3m
€5.2m
▼ 1.9%
Turnover70
€3.7m
€5.3m
€5.2m
▼ 1.9%
Other operating income74
€95,610
€11,631
€7,875
▼ 32.3%
Operating charges60/66A
€1.4m
€1.8m
€1.9m
▲ 2.3%
Services and other goods61
€832,108
€1.2m
€1.3m
▲ 8.4%
Remuneration, social security and pensions62
€466,534
€548,968
€497,655
▼ 9.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630
€50,435
€75,651
€75,651
=
Provisions for liabilities and charges: additions (uses and reversals)635/8
€40,000
€8,000
-
-
Other operating charges640/8
€913
€1,767
€1,698
▼ 3.9%
Operating profit (loss)9901
€2.4m
€3.5m
€3.3m
▼ 4.2%
Financial income75/76B
€0
€7.5m
€5.5m
▼ 26.7%
Recurring financial income75
€0
€7.5m
€5.5m
▼ 26.7%
Income from financial fixed assets750
-
€7.5m
€5.5m
▼ 26.7%
Other financial income752/9
€0
€7,619
-
-
Financial charges65/66B
€2.7m
€4.2m
€3.4m
▼ 19.9%
Recurring financial charges65
€2.7m
€4.2m
€3.4m
▼ 19.9%
Debt charges650
€2.7m
€4.2m
€3.4m
▼ 19.9%
Other financial charges652/9
€412
€1,711
€451
▼ 73.7%
Profit (loss) for the period before taxes9903
-€310,851
€6.8m
€5.5m
▼ 19.4%
Income taxes67/77
€1,029
€1,015
€746
▼ 26.5%
Taxes670/3
€1,029
€1,022
€746
▼ 27.1%
Tax adjustments and reversals of tax provisions77
-
€7
-
-
Profit (loss) for the period9904
-€311,880
€6.8m
€5.5m
▼ 19.4%
Profit (loss) for the period to be appropriated9905
-€311,880
€6.8m
€5.5m
▼ 19.4%
Line
2023
2024
2025
Change
Assets
Total assets20/58
€143.9m
€144.3m
€145.3m
▲ 0.7%
Formation expenses20
€327,821
€252,170
€176,518
▼ 30.0%
Fixed assets21/28
€143.1m
€143.2m
€143.2m
=
Financial fixed assets28
€143.1m
€143.2m
€143.2m
=
Affiliated companies280/1
€143.1m
€143.2m
€143.2m
=
Participating interests280
€143.1m
€143.2m
€143.2m
=
Current assets29/58
€546,124
€868,149
€1.9m
▲ 122%
Amounts receivable within one year40/41
€323,087
€750,698
€1.4m
▲ 81.1%
Trade receivables40
€323,087
€680,533
€1.3m
▲ 90.9%
Other amounts receivable41
-
€70,166
€60,201
▼ 14.2%
Cash at bank and in hand54/58
€218,716
€115,433
€568,724
▲ 393%
Deferred charges and accrued income490/1
€4,320
€2,018
€2,207
▲ 9.4%
Equity and liabilities
Total equity and liabilities10/49
€143.9m
€144.3m
€145.3m
▲ 0.7%
Equity10/15
€39.7m
€46.5m
€51.9m
▲ 11.7%
Contributions10/11
€40.0m
€40.0m
€40.0m
=
Capital10
€40.0m
€40.0m
€40.0m
=
Issued capital100
€40.0m
€40.0m
€40.0m
=
Reserves13
-
-
€11.9m
-
Distributable reserves133
-
-
€11.9m
-
Profit (loss) carried forward14
-€311,880
€6.5m
-
-
Provisions and deferred taxes16
€40,000
€48,000
€48,000
=
Provisions for liabilities and charges160/5
€40,000
€48,000
€48,000
=
Other liabilities and charges164/5
€40,000
€48,000
€48,000
=
Amounts payable17/49
€104.2m
€97.8m
€93.4m
▼ 4.6%
Amounts payable after more than one year17
€93.5m
€87.3m
€83.2m
▼ 4.7%
Financial debts170/4
€93.5m
€87.3m
€83.2m
▼ 4.7%
Subordinated loans170
€51.5m
€51.5m
€51.5m
=
Credit institutions173
€42.0m
€35.8m
€31.7m
▼ 11.5%
Amounts payable within one year42/48
€9.1m
€9.0m
€8.8m
▼ 2.2%
Current portion of amounts payable after more than one year42
€4.0m
€4.0m
€4.0m
=
Trade debts44
€169,436
€341,098
€132,068
▼ 61.3%
Suppliers440/4
€169,436
€341,098
€132,068
▼ 61.3%
Taxes, remuneration and social security45
€329,926
€65,314
€76,061
▲ 16.5%
Taxes450/3
€282,361
€26,683
€13,715
▼ 48.6%
Remuneration and social security454/9
€47,564
€38,631
€62,346
▲ 61.4%
Other amounts payable47/48
€4.6m
€4.6m
€4.6m
=
Accrued charges and deferred income492/3
€1.5m
€1.5m
€1.3m
▼ 10.7%
Line
2023
2024
2025
Change
Profit (loss) for the period9904
-€311,880
€6.8m
€5.5m
▼ 19.4%
+ Depreciation and write-downs630
€50,435
€75,651
€75,651
=
Operating cash flow (approximation)
-€261,445
€6.8m
€5.5m
▼ 19.2%
Investment in fixed assets (approximation)
-
-€233,667
-€75,651
▲ 67.6%
Change in cash
-
-€103,283
€453,291
▲ 539%
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
What happened to the company over the years, from its founding to recent changes. Many changes in a short time are a reason to ask questions.
Next filing, fiscal year 2026, expected by
31-03-2027
2026
03-03
NBB filingAnnual accounts filed
fiscal year 2025 · full schema
03-03
NBB filingAnnual accounts filed
fiscal year 2025 · consolidated
2025
31-08
FinancialEquity above €50mEq €51.9m ▲11.7%
2 profitable years in a row build equity to €51.9m.
19-03
NBB filingAnnual accounts filed
fiscal year 2024 · consolidated
17-03
NBB filingAnnual accounts filed
fiscal year 2024 · full schema
2024
21-11
State Gazette actStatutes amendment
Capital · Share classes · Preferential dividend7 facts ▸
General meeting, 07-11-2024
Statutes amendment
Capital, €40.000.000
Share classes, 15330000, 22170000
Preferential dividend, Class C shares (held by KEY PEOPLE NV) are entitled to a preferential dividend on 1 March 2025, 2026, 2027, 2028, and 2029, in an amount per share sufficient fo…
Shareholders agreement, Oprichtings- en aandeelhoudersovereenkomst dated approximately 9 December 2022 between the company (in formation), A-shareholders, B-shareholder(s), and C-share…
Shareholding, KEY PEOPLE NV holds all Class C shares
State Gazette actResignation: Herman Wielfaert (director)
Permanent representative: Herman Wielfaert4 facts ▸
General meeting, 03-07-2023
Director resignation, Herman Wielfaert (director)
Board meeting, 03-07-2023
Permanent representative, Herman Wielfaert
2022
13-12
State Gazette actIncorporation
Appointments: DEBLOKO INVEST II, DANEKO and 6 others · Permanent representatives: Koen De Block, Jochen Daneels and 3 others · Founding capital20 facts ▸
Incorporation, 09-12-2022
Founding capital, €40.000.000
Director appointment, DEBLOKO INVEST II (klasse a bestuurder)
Permanent representative, Koen De Block
Director appointment, DANEKO (klasse a bestuurder)
Permanent representative, Jochen Daneels
Director appointment, DASKO (klasse a bestuurder)
Permanent representative, Hendrik Daneels
Director appointment, Herman Wielfaert (klasse b bestuurder)
Director appointment, CREAFUND (klasse b bestuurder)
Permanent representative, Gino Schepens
Director appointment, CREAFUND ASSET MANAGEMENT (klasse b bestuurder)
+8 further facts in this act
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
3 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 3 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Who runs the company and where it is based. It tells you who you are talking to and whether the address checks out.
Directors
Directors
Who runs the company today and since when, grouped the way the CBE groups its function holders. Many recent board changes are a reason to keep a close eye.
under verification, last change in 2023
This board is reconstructed from a single act (22380981). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Managing director · since 09-12-2022 · Private limited company · perm. rep.: Koen De Block
Current
Permanent representatives 5
SG
Gino Schepens
Permanent representative · since 09-12-2022 · for CREAFUND
Current
DH
Hendrik Daneels
Permanent representative · since 09-12-2022 · for DASKO
Current
DJ
Jochen Daneels
Permanent representative · since 09-12-2022 · for Daneko
Current
BK
Koen De Block
Permanent representative · since 09-12-2022 · for DEBLOKO INVEST II
Current
WR
Ruth De Wulf
Permanent representative · since 09-12-2022 · for CREAFUND ASSET MANAGEMENT
Current
Statutory auditor 1
BB
Baker Tilly Belgium bedrijfsrevisoren
Auditor · since 09-12-2022
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
1 of this company's 4 Belgian State Gazette acts has not been read yet. 1 act was read only in part. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Location & real estate
Where the company is based and which parcels are linked to its addresses. An address shared by many companies is often a registered-office service.
Venecoweg 14, 9810 NazarethFinancial service activities, except insurance and pension funding
since 20222.341.450.633
1 parcel
Flanders1(100%)
Parcel (capakey)
Region
Area
Buildings
Height / fl.
44048A0132/00M005
Flanders
3,560 m²
1 · 6,644 m²
14.9 m
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.
Mandate history
Mandate history
Who held which function and when, per person: one bar per period, from appointment to resignation or to today. An open left edge means the mandate began before the oldest act we hold.
Alle verrichtingen, voor eigen rekening of voor rekening van derden, onder welke benaming ook, industriële, commerciële, financiële, roerende en onroerende, zowel in België als in…
Full purpose
Alle verrichtingen, voor eigen rekening of voor rekening van derden, onder welke benaming ook, industriële, commerciële, financiële, roerende en onroerende, zowel in België als in het buitenland, die rechtstreeks of onrechtstreeks verband houden met: - de activiteiten en verrichtingen van een holdingvennootschap of van een investeringsvennootschap - de supervisie, beheren, het raad geven en controleren van vennootschappen, het beheren en besturen van vennootschappen in de meest uitgebreide zin en het verlenen van allerlei managementdiensten op het gebied van organisatie, beheer, informatisering, human resources, opleiding en boekhouding. Het geven van managementadviezen op het gebied van marketing, productie, financiën en administratief en commercieel beheer, controle van ondernemingen en organisaties en het uitwerken van organisatieprojecten in alle ondernemingen; - het uitoefenen van de leiding en de controle, in haar hoedanigheid van bestuurder of gedelegeerd bestuurder, vereffenaar of anderszins over allerhande ondernemingen, al dan niet verwant. Het aankopen, verkopen, huren, verhuren, leasen, overdragen of ruilen en beheren en leveren van roerende goederen en onroerende goederen die rechtstreeks of onrechtstreeks met voormelde dienstverlening te maken hebben of die nuttig zijn voor de organisatie, begeleiding en reorganisatie van ondernemingen.
Who owns the company and which companies it holds shares in, as the companies file it in their annual accounts. It shows which group it belongs to and who ultimately stands behind it.
4 owners · 4 holdings · 6 subsidiaries in the tree
According to the annual accounts to 31-08-2025 of SAJAMA and those of the other companies, the acts in the Belgian Gazette and the LEI register.
The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
Connections & network
Which other companies are linked to this one through directors or shares. Look especially for linked companies in trouble.
10 connected companies
Depth
Shared directors
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. 2,660 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Company details
The company's official details: legal form, status, activities and founding date. Useful to draw up an invoice or contract correctly.