SAPASIGILEX
ActiveSummary
SAPASIGILEX has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €26k and a net result of €20k. Equity is growing by ~43% per year across the filed fiscal years. Its solvency ranks better than 80% of 27786 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
90
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100▲+56
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 2.93 against 1.3 in 2024; short-term debt: 24.9% and cash: 36% of total assets), and 24.9% of the assets are financed with debt.
Credit advice 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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 · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 26-11-2025, 26 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 · 10 filingsDeviation from the deadline
2025
26 d late
2024
62 d early
2023
17 d late
2021
30 d late
2020
on the day
2019
31 d late
2018
1 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close24-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€26k▲ 340%
2024 · €6k
2018: €-89k
2019: €-104k
2020: €-100k
2021: €-46k
2023: €-24k
2024: €6k
2018 → 2025
Total assets
€34k▲ 13.0%
2024 · €30k
2018: €12k
2019: €10k
2020: €13k
2021: €10k
2023: €29k
2024: €30k
2018 → 2025
Net result
€20k▼ 34.7%
2024 · €30k
2018: €2k
2019: €-15k
2020: €4k
2021: €54k
2023: €22k
2024: €30k
2018 → 2025
Working capital
€16k▲ 149%
2024 · €7k
2018: €129
2019: €-15k
2020: €-10k
2021: €-47k
2023: €-27k
2024: €7k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202320242025Trend
Equity€-100k-€-46k▲ 53.8%€-24k▲ 46.8%€6k€26k▲ 340%
Operating result€4k-€87k▲ 1,906%€37k▼ 57.9%€44k▲ 19.6%€32k▼ 26.2%
Net result€4k-€54k▲ 1,169%€22k▼ 59.9%€30k▲ 40.5%€20k▼ 34.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 26% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €34k
Fixed assets
€9k ▲ 472%
Current assets
€25k ▼ 13.0%
Equity and liabilities €34k
Equity
€26k ▲ 340%
Debt
€8k ▼ 65.1%
Debt's share of the balance-sheet total falls from 80.7% to 24.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€35k▼
2024 · €44k
Cash flow
€22k▼
2024 · €31k
Current ratio
2.93▲
2024 · 1.30
Debt to equity
0.33▼
2024 · 4.19
ROE
77.3%▼
2024 · 521.0%
ROA
58.0%▼
2024 · 100.5%
Interest coverage
46.68▼
2024 · 214.38
Debt ≤ 1 year
€8k▼
2024 · €22k
Income taxes
€12k▼
2024 · €13k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€30k€34k▲
Fixed assets21/28€2k€9k▲
Tangible fixed assets22/27€2k€9k▲
Plant, machinery and equipment23€899€658▼
Furniture and vehicles24€713€9k▲
Current assets29/58€28k€25k▼
Amounts receivable within one year40/41€20k€11k▼
Trade receivables40€20k€8k▼
Other amounts receivable41-€3k
Cash at bank and in hand54/58€7k€12k▲
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€30k€34k▲
Equity10/15€6k€26k▲
Contributions10/11€19k€19k=
Reserves13-€20k
Distributable reserves133-€20k
Profit (loss) carried forward14€-13k€-13k=
Amounts payable17/49€24k€8k▼
Amounts payable within one year42/48€22k€8k▼
Trade debts44€2k€2k▲
Suppliers440/4€2k€2k▲
Taxes, remuneration and social security45€7k€3k▼
Taxes450/3€7k€3k▼
Other amounts payable47/48€13k€4k▼
Accrued charges and deferred income492/3€2k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€588€2k▲
Other operating charges640/8€402€598▲
Gross operating margin9900€45k€35k▼
Operating profit (loss)9901€44k€32k▼
Financial income75/76B€18€119▲
Recurring financial income75€18€119▲
Financial charges65/66B€207€745▲
Recurring financial charges65€207€745▲
Profit (loss) for the period before taxes9903€44k€32k▼
Income taxes67/77€13k€12k▼
Profit (loss) for the period9904€30k€20k▼
Profit (loss) for the period to be appropriated9905€30k€20k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-13k€7k▲
Profit (loss) brought forward from the previous period14P€-43k€-13k▲
Transfer to equity691/2-€20k
To other reserves6921-€20k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
26-11
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 26 days late
31-03
Financial
Liquidity doublescurrent ratio 2.93
Current ratio from 1.30 to 2.93; short-term debt falls from €22k to €8k.
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Liquidity triplescurrent ratio 1.30
Current ratio from 0.50 to 1.30; short-term debt falls from €53k to €22k.
2023
17-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 17 days late
2022
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
30-09
Financial
Highest result since 2018net €54k ▲1169%
Operating result €87k, net result €54k, both a record.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
31-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
30-09
Financial
Weakest financial yearnet €-15k ▼713%
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
30-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
18-03
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
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, Chaudfontaine · 1 establishment unit since 2007
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.
Sur les Heids de Ninane 424050 ChaudfontaineGround area
2,142 m²
Building footprint
117 m²
Volume, LiDAR
717 m³
Parcel 62022D0037/00D002, Wallonia · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Sapasigilex
since 20072.158.836.948
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62022D0037/00D002 | Wallonia | 2,142 m² | 1 · 117 m² | 7.6 m · 2 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.
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VAN VLASSELAER BOUW
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 5,510 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-10-2006
Fiscal year end31-03
Activities, NACEBEL 2025
43990Other specialised construction activities
43230Insulation installation
43341Painting of buildings
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.