SAKA · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of SAKA is 1.5% (moderate). The 2024 annual accounts show equity of €364k and a net result of €164k. Equity is growing by ~47.2% per year across the filed fiscal years. The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Signals

2 signals · with evidence

Consistently profitable

Positive net result in the two most recent financial years (2023 and 2024).

View the result trend

Growing equity

Equity grew over 2022-2024. Profits are largely retained rather than distributed.

View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 22 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-08-2025, 27 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.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	27-08-2025	27 d late	2025-00427033
31-12-2023	31-07-2024	21-08-2024	21 d late	2024-00363805
31-12-2022	31-07-2023	18-07-2023	13 d early	2023-00273083
31-12-2021	31-07-2022	17-08-2022	17 d late	2022-20307022
31-12-2020	31-07-2021	23-08-2021	23 d late	2021-52700521
31-12-2019	31-07-2020	17-09-2020	48 d late	2020-53800477
31-12-2018	31-07-2019	28-06-2019	33 d early	2019-24800437
31-12-2017	31-07-2018	01-08-2018	1 d late	2018-43900537
31-12-2016	31-07-2017	31-07-2017	on the day	2017-40800008
31-12-2015	31-07-2016	22-08-2016	22 d late	2016-45100521

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Long-established

Founded in 2005, 21 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

1.5% Moderate

0%0,5%1,5%4%10%≥25%

No NACE activity registered +Higher-failure-rate region +Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€164k+10.4%

Working capital€336k+39.7%

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 27-08-2025 with the NBB · fiscal year 2024 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~47.2%/year over 7 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

EBITDA

€241k

+8.4% 18-24

Net profit

€164k

+10.4% 18-24

Cash flow

€177k

+10.0% 18-24

Total assets

€454k

+13.8% 18-24

Equity

€364k

+31.8% 18-24

Working capital

€336k

+39.7% 18-24

Employees (FTE)

0

0.0% 18-24

Staff costs

€4k

-13.5% 18-24

Show 12 other metrics

Income taxes

€67k

+8.9% 18-24

Dividends

€76k

-2.7% 18-24

Debt

€90k

-26.6% 18-24

Debt ≤ 1y

€90k

-26.9% 18-24

Debt > 1y

€11k

-63.0% 18-24

Current ratio

4.74

+60.3% 18-24

Quick ratio

4.74

+60.3% 18-24

Solvency

80.2%

+15.8% 18-24

Debt / equity

0.25

-44.3% 18-24

ROE

45.0%

-16.2% 18-24

ROA

36.1%

-3.0% 18-24

Interest coverage

1417.31

+121.2% 18-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	micro
Revenue	-
EBITDA	€241k
Net profit	€164k
Cash flow	€177k
Staff costs	-
Income taxes	€67k
Dividends	€76k
Total assets	€454k
Equity	€364k
Debt	€90k
of which ≤ 1y	€90k
of which > 1y	-
Working capital	€336k
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	4.74
Quick ratio	4.74
Working capital ratio	74.0%
Solvency	80.2%
Debt / equity	0.25
Long-term debt ratio	-
Interest coverage	1417.31
Gross margin	-
Net margin	-
ROA	36.1%
ROE	45.0%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €28k · 6.2% Current assets €426k · 93.8%

Equity & liabilities

Equity €364k · 80.2% Debt €90k · 19.8%

Full annual accounts (21 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€454k
Fixed assets	21/28	€28k
Tangible fixed assets	22/27	€28k
Current assets	29/58	€426k
Amounts receivable within one year	40/41	€158k
Cash & bank	54/58	€88k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€454k
Equity	10/15	€364k
Contributions / capital	10/11	€12k
Reserves	13	€352k
Amounts payable	17/49	€90k
Amounts payable within one year	42/48	€90k
Trade debts payable within one year	44	€7k
Income statement
Gross operating margin	9900	€245k
Operating result	9901	€228k
Financial income	75	€4k
Financial charges	65	€170
Result before taxes	9903	€231k
Income taxes	67/77	€67k
Net result for the period	9904	€164k
Result to be appropriated	9905	€164k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

100 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Directors

Directors & mandates

1 director

1 of this company's 1 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing below: a director who resigned there may therefore still show here as sitting. See the acts under Publications.

Current directors & mandates

KASSAR, Youssef Rachad
Director
State Gazette act 23468272 (20-12-2023)

Current
20-12-2023 → present

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary	-
Legal form	Private limited company(610)
Incorporation	06-04-2005
Status	Active
Postal code	1200

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

Establishment units

1 location

SAKA

Kasteel Kieffeltstraat 28, 1200 Sint-Lambrechts-WoluweActiviteiten van medisch specialisten

since 20132.219.904.188

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area153 m²

Buildings1

Building footprint48 m²

Volume (LiDAR)460 m³

Tallest building12.1 m · ±3 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21018A0063/00C002	Brussels	153 m²	1 · 48 m²	12.1 m · 3 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

1 acts

All acts · 1 updated 2 years ago

2023

20-12-2023 KASSAR, Youssef Rachad appointed as director Director changes

KASSAR, Youssef Rachad, Bestuurder

Summary: v3.2

Original publication ↗

Analysis

Financial profile

5 of 5 axes measured

96 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 100

Profitability 100

Solvency 100

Growth 78

Stability 100

Credit advice

verdict per customer and amount

Company registry

Company registry (CBE)

Crossroads Bank

Names & trade names

Legal nameFR

SAKA

Registered office

Kasteel Kieffeltstraat 28

1200 Sint-Lambrechts-Woluwe, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.