SAPE
ActiveSummary
SAPE has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €633,170 and a net result of €90,059. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 71% of 3221 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▼-1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55,000 at 30 days acceptable
Liquidity ample (current ratio 2.57 against 5.67 in 2024; short-term debt: 23.5% and cash: 48.8% of total assets), and 23.5% of the assets are financed with debt.
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Signals
Five 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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
76.5%
Return on assets
10.9%
Age of the figures
15 mo
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 30-06-2025 was due by 31-01-2026 and was filed on 26-01-2026, 5 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
5 d early
2024
8 d early
2023
40 d early
2022
28 d early
2021
39 d early
2020
46 d early
2019
23 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 27 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, full schema
In the rankings
#2 company by equity in Hélécine, Professional and technical services sector#3 company by total assets in Hélécine, Professional and technical services sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€90,059▲ 8.6%
2024 · €82,955
Working capital
€306,625▼ 18.0%
2024 · €374,046
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
Line20212022202320242025
Operating result€137,601▼ 8.1%€129,099▼ 6.2%€127,812▼ 1.0%€123,309▼ 3.5%€130,619▲ 5.9%
Net result€90,583▼ 4.2%€93,699▲ 3.4%€80,564▼ 14.0%€82,955▲ 3.0%€90,059▲ 8.6%
Equity€632,315▲ 2.6%€641,343▲ 1.4%€633,671▼ 1.2%€654,441▲ 3.3%€633,170▼ 3.3%
Total assets€715,391▲ 7.1%€735,953▲ 2.9%€728,197▼ 1.1%€734,603▲ 0.9%€827,896▲ 12.7%
Debt€83,076▲ 60.9%€94,611▲ 13.9%€94,526▼ 0.1%€80,162▼ 15.2%€194,727▲ 143%
Working capital€253,315▲ 30.4%€305,165▲ 20.5%€320,707▲ 5.1%€374,046▲ 16.6%€306,625▼ 18.0%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 6% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €827,896
Fixed assets
€326,544 ▲ 16.5%
Current assets
€501,352 ▲ 10.4%
Equity and liabilities €827,896
Equity
€633,170 ▼ 3.3%
Debt
€194,727 ▲ 143%
Debt's share of the balance-sheet total rises from 10.9% to 23.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€151,204▼
2024 · €155,878
Cash flow
€110,644▼
2024 · €115,525
Current ratio
2.57▼
2024 · 5.67
Debt to equity
0.31▲
2024 · 0.12
ROE
14.2%▲
2024 · 12.7%
ROA
10.9%▼
2024 · 11.3%
Interest coverage
534.37▼
2024 · 543.00
Debt ≤ 1 year
€194,727▲
2024 · €80,162
Income taxes
€45,561▲
2024 · €43,775
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,792 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
3.2%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,792 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €44,155 | €44,202 | €32,189 | €32,570 | €20,585 | ▼ 36.8% |
| Other operating charges640/8 | - | €4,464 | €1,838 | €3,947 | €4,653 | ▲ 17.9% |
| Gross operating margin9900 | €184,657 | €177,764 | €161,839 | €159,826 | €155,857 | ▼ 2.5% |
| Operating profit (loss)9901 | €137,601 | €129,099 | €127,812 | €123,309 | €130,619 | ▲ 5.9% |
| Financial income75/76B | - | €7,087 | €1,493 | €3,709 | €5,283 | ▲ 42.5% |
| Recurring financial income75 | €1,705 | €7,087 | €1,493 | €3,709 | €5,283 | ▲ 42.5% |
| Financial charges65/66B | - | €236 | €328 | €287 | €283 | ▼ 1.4% |
| Recurring financial charges65 | €2,437 | €236 | €328 | €287 | €283 | ▼ 1.4% |
| Profit (loss) for the period before taxes9903 | €136,869 | €135,950 | €128,977 | €126,731 | €135,620 | ▲ 7.0% |
| Income taxes67/77 | €46,286 | €42,251 | €48,412 | €43,775 | €45,561 | ▲ 4.1% |
| Profit (loss) for the period9904 | €90,583 | €93,699 | €80,564 | €82,955 | €90,059 | ▲ 8.6% |
| Profit (loss) for the period to be appropriated9905 | €90,583 | €93,699 | €80,564 | €82,955 | €90,059 | ▲ 8.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €715,391 | €735,953 | €728,197 | €734,603 | €827,896 | ▲ 12.7% |
| Fixed assets21/28 | €379,347 | €336,525 | €312,965 | €280,395 | €326,544 | ▲ 16.5% |
| Tangible fixed assets22/27 | €379,347 | €336,525 | €312,965 | €280,395 | €326,544 | ▲ 16.5% |
| Land and buildings22 | - | €316,211 | €302,807 | €280,395 | €259,847 | ▼ 7.3% |
| Furniture and vehicles24 | - | €20,314 | €10,157 | - | €66,698 | - |
| Current assets29/58 | €336,044 | €399,428 | €415,233 | €454,208 | €501,352 | ▲ 10.4% |
| Amounts receivable after more than one year29 | - | - | €70,000 | - | - | - |
| Trade receivables290 | - | - | €70,000 | - | - | - |
| Amounts receivable within one year40/41 | €45,433 | €23,619 | €38,387 | €23,162 | €25,192 | ▲ 8.8% |
| Trade receivables40 | - | €23,619 | €38,387 | €23,162 | €24,444 | ▲ 5.5% |
| Other amounts receivable41 | - | - | - | - | €749 | - |
| Current investments50/53 | €67,680 | €72,021 | €72,021 | €90,368 | €72,021 | ▼ 20.3% |
| Cash at bank and in hand54/58 | €220,814 | €301,667 | €232,281 | €338,320 | €403,627 | ▲ 19.3% |
| Deferred charges and accrued income490/1 | - | €2,121 | €2,544 | €2,359 | €512 | ▼ 78.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €715,391 | €735,953 | €728,197 | €734,603 | €827,896 | ▲ 12.7% |
| Equity10/15 | €632,315 | €641,343 | €633,671 | €654,441 | €633,170 | ▼ 3.3% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €613,715 | €622,743 | €615,071 | €635,841 | €614,570 | ▼ 3.3% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Other1319 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €620,883 | €613,211 | €635,841 | €614,570 | ▼ 3.3% |
| Amounts payable17/49 | €83,076 | €94,611 | €94,526 | €80,162 | €194,727 | ▲ 143% |
| Amounts payable within one year42/48 | €82,729 | €94,263 | €94,526 | €80,162 | €194,727 | ▲ 143% |
| Trade debts44 | €475 | €1,312 | €3,115 | €1,937 | €67,562 | ▲ 3,388% |
| Suppliers440/4 | - | €1,312 | €3,115 | €1,937 | €67,562 | ▲ 3,388% |
| Taxes, remuneration and social security45 | - | €10,541 | €9,302 | €18,196 | €20,188 | ▲ 11.0% |
| Taxes450/3 | - | €10,541 | €9,302 | €18,196 | €20,188 | ▲ 11.0% |
| Other amounts payable47/48 | - | €82,410 | €82,110 | €60,029 | €106,977 | ▲ 78.2% |
| Accrued charges and deferred income492/3 | - | €348 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €90,583 | €93,699 | €80,564 | €82,955 | €90,059 | ▲ 8.6% |
| + Depreciation and write-downs630 | €44,155 | €44,202 | €32,189 | €32,570 | €20,585 | ▼ 36.8% |
| Operating cash flow (approximation) | €134,738 | €137,900 | €112,753 | €115,525 | €110,644 | ▼ 4.2% |
| Investment in fixed assets (approximation) | - | -€1,380 | -€8,628 | €0 | -€66,734 | - |
| Change in cash | - | €80,854 | -€69,387 | €106,039 | €65,307 | ▼ 38.4% |
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
26-01
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
23-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
22-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
03-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
23-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
16-12
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
30-06
Financial
Highest result since 2019net €94,520 ▲17.7%
Operating result €149,762, net result €94,520, both a record.
08-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
18-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
28-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
23-12
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.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Hélécine · 1 establishment unit since 2011
Ground area
1,962 m²
Building footprint
204 m²
Volume, LiDAR
924 m³
Parcel 25057F0262/00A000, Wallonia · tallest building 6.5 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
SAPE
since 20112.199.729.079
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25057F0262/00A000 | Wallonia | 1,962 m² | 1 · 204 m² | 6.5 m · 1 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.
Recognitions · licences · registrations
Legal Entity Identifier
967600SWX0UCZ6J95257
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 32,566 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
Founded30-05-2011
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0836650140
Registered
08-07-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.