SAPASVER'T
ActiveSAPASVER'T has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €270k and a net result of €-9k. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 77% of 4416 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
70
/ 100
Healthy▼ -13 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-27
Solvency100▲+1
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity ample (current ratio 3.89 against 3.08 in 2024), and 33.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
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 30-09-2025 was due by 30-04-2026 and was filed on 09-04-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
43 d early
2023
40 d early
2022
40 d early
2021
30 d early
2020
35 d early
2019
125 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€270k▼ 3.1%
2024 · €278k
2018: €249k
2019: €254k
2020: €259k
2021: €266k
2022: €270k
2023: €293k
2024: €278k
2018 → 2025
Total assets
€404k▼ 6.8%
2024 · €434k
2018: €489k
2019: €466k
2020: €410k
2021: €414k
2022: €391k
2023: €384k
2024: €434k
2018 → 2025
Net result
€-9k
2024 · €15k
2018: €11k
2019: €5k
2020: €4k
2021: €7k
2022: €4k
2023: €23k
2024: €15k
2018 → 2025
Working capital
€185k▲ 1.8%
2024 · €181k
2018: €185k
2019: €185k
2020: €206k
2021: €216k
2022: €228k
2023: €219k
2024: €181k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€266k-€270k▲ 1.7%€293k▲ 8.6%€278k▼ 5.1%€270k▼ 3.1%
Operating result€10k-€8k▼ 20.2%€31k▲ 295%€21k▼ 33.2%€4k▼ 80.6%
Net result€7k-€4k▼ 36.9%€23k▲ 419%€15k▼ 35.3%€-9k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 81% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €404k
Fixed assets
€156k▼ 5.6%
Current assets
€248k▼ 7.5%
Equity and liabilities €404k
Equity
€270k▼ 3.1%
Debt
€134k▼ 13.4%
The debt ratio falls from 35.8% to 33.3%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€20k▼
2024 · €39k
Cash flow
€8k▼
2024 · €34k
Solvency
66.7%▲
2024 · 64.2%
Current ratio
3.89▲
2024 · 3.08
Quick ratio
1.79▲
2024 · 1.47
Debt / equity
0.50▼
2024 · 0.56
ROE
-3.2%▼
2024 · 5.4%
ROA
-2.1%▼
2024 · 3.5%
Interest coverage
7.94▼
2024 · 17.59
Debt
€134k▼
2024 · €155k
Debt ≤ 1 year
€64k▼
2024 · €87k
Debt > 1 year
€69k▲
2024 · €67k
Income taxes
€248▼
2024 · €3k
Staff costs
€34k▼
2024 · €40k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€434k€404k▼
Fixed assets21/28€165k€156k▼
Tangible fixed assets22/27€164k€155k▼
Land and buildings22€62k€62k=
Plant, machinery and equipment23€12k€11k▼
Furniture and vehicles24€42k€83k▲
Leasing and similar rights25€48k-
Financial fixed assets28€725€725=
Current assets29/58€269k€248k▼
Stocks and contracts in progress3€141k€134k▼
Stocks30/36€141k€134k▼
Amounts receivable within one year40/41€59k€55k▼
Trade receivables40€53k€53k▼
Other amounts receivable41€6k€2k▼
Cash at bank and in hand54/58€63k€56k▼
Deferred charges and accrued income490/1€6k€4k▼
Equity and liabilities
Total equity and liabilities10/49€434k€404k▼
Equity10/15€278k€270k▼
Contributions10/11€6k€6k=
Reserves13€82k€82k=
Distributable reserves133€82k€82k=
Profit (loss) carried forward14€190k€182k▼
Amounts payable17/49€155k€134k▼
Amounts payable after more than one year17€67k€69k▲
Financial debts170/4€67k€69k▲
Amounts payable within one year42/48€87k€64k▼
Current portion of amounts payable after more than one year42€17k€11k▼
Trade debts44€20k€16k▼
Suppliers440/4€20k€16k▼
Taxes, remuneration and social security45€5k€1k▼
Taxes450/3€4k-
Remuneration and social security454/9€1k€1k▼
Other amounts payable47/48€44k€36k▼
Accrued charges and deferred income492/3€891€1k▲
Income statement
Code20242025
Non-recurring operating income76A€5k€94▼
Remuneration, social security and pensions62€40k€34k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€16k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€8k-
Other operating charges640/8€2k€3k▲
Non-recurring operating charges66A€100€399▲
Gross operating margin9900€90k€58k▼
Operating profit (loss)9901€21k€4k▼
Financial income75/76B€197€9k▲
Recurring financial income75€197€337▲
Non-recurring financial income76B-€8k
Financial charges65/66B€3k€21k▲
Recurring financial charges65€2k€3k▲
Non-recurring financial charges66B€279€18k▲
Profit (loss) for the period before taxes9903€18k€-8k▼
Income taxes67/77€3k€248▼
Profit (loss) for the period9904€15k€-9k▼
Profit (loss) for the period to be appropriated9905€15k€-9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€220k€182k▼
Profit (loss) brought forward from the previous period14P€205k€190k▼
Profit to be distributed694/7€30k-
Return on contributions (dividend)694€30k-
The notes to these accounts (9 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
2026
09-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €-9k ▼157%
Net result drops to €-9k, the lowest in the series.
18-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
21-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Highest result since 2018net €23k ▲419%
Operating result €31k, net result €23k, both a record.
21-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
27-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
18-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Gedinne · 1 establishment unit since 2006
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.
Rue Joseph-Dubois, Houdr. 675575 GedinneGround area
4,347 m²
Building footprint
111 m²
Volume, LiDAR
550 m³
Parcel 91069A0342/00N000, Wallonia · tallest building 6.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SAPASVER'T
since 20062.157.261.984
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91069A0342/00N000 | Wallonia | 4,347 m² | 1 · 111 m² | 6.2 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteGedinne2.157.261.984
Similar companies · same sector, comparable size
BOOMKWEKERIJ BULLENS
BE 0808.564.383
Maasmechelen · Eq €275k
PEPINIERES REMACLE
BE 0445.041.839
Arlon · Eq €264k
PEPINIERES JEAN-PAUL ET BERTRAND BONNET
BE 0788.207.746
Brunehaut · Eq €279k
Soliterre
BE 0741.444.739
Heist-op-den-Berg · Eq €257k
PEPINIERES LABBE RUDY
BE 0844.315.912
Bertrix · Eq €254k
Of 637 companies in sector 01301 we hold annual accounts for 294. 238 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-11-2006
Fiscal year end30-09
Activities, NACEBEL
01123
01301Crop and animal production, hunting and related service activities
01410Raising of dairy cattle
81300Landscape service activities
02100Forestry and logging
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesPhone:0477/192.802
Phone:061/50.14.60
Fax:061/29.24.97