SAPHI
ActiveSAPHI has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €244k and a net result of €30k. Equity is growing by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 81% of 20785 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
85
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability82▲+8
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days acceptable
Liquidity ample (current ratio 6.66 against 8.08 in 2023; short-term debt: 14.4% and cash: 5.7% of total assets), and 14.8% of the assets are financed with debt.
Credit advice for your own amount and term
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 62
Relative position
BE, all sectors
reference
Sector 62
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 · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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
not confirmed
2024
28 d late
2023
50 d late
2022
59 d late
2021
17 d late
2020
31 d late
2019
41 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€30k▲ 172%
2023 · €11k
2018: €5k
2019: €4k
2020: €13k
2021: €14k
2022: €5k
2023: €11k
2018 → 2024
Working capital
€235k▲ 16.2%
2023 · €202k
2018: €131k
2019: €132k
2020: €155k
2021: €167k
2022: €181k
2023: €202k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€186k-€200k▲ 7.5%€205k▲ 2.3%€216k▲ 5.3%€244k▲ 13.3%
Operating result€24k-€23k▼ 2.7%€17k▼ 25.8%€19k▲ 11.2%€45k▲ 138%
Net result€13k-€14k▲ 4.5%€5k▼ 67.3%€11k▲ 139%€30k▲ 172%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 138% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €287k
Fixed assets
€11k▼ 20.5%
Current assets
€276k▲ 19.8%
Equity and liabilities €287k
Equity
€244k▲ 13.3%
Debt
€43k▲ 49.4%
The debt ratio rises from 11.7% to 14.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€49k▲
2023 · €29k
Cash flow
€33k▲
2023 · €21k
Solvency
85.2%▼
2023 · 88.3%
Current ratio
6.66▼
2023 · 8.08
Quick ratio
6.66▼
2023 · 8.08
Debt / equity
0.17▲
2023 · 0.13
ROE
12.1%▲
2023 · 5.0%
ROA
10.3%▲
2023 · 4.5%
Interest coverage
26.32▲
2023 · 20.19
Debt
€43k▲
2023 · €28k
Debt ≤ 1 year
€41k▲
2023 · €28k
Income taxes
€14k▲
2023 · €7k
Staff costs
€19k▲
2023 · €6k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€244k€287k▲
Fixed assets21/28€14k€11k▼
Tangible fixed assets22/27€14k€11k▼
Plant, machinery and equipment23€3k€1k▼
Furniture and vehicles24-€2k
Other tangible fixed assets26€11k€8k▼
Current assets29/58€230k€276k▲
Amounts receivable within one year40/41€206k€259k▲
Trade receivables40€4k€18k▲
Other amounts receivable41€202k€241k▲
Cash at bank and in hand54/58€16k€16k▲
Deferred charges and accrued income490/1€8k€624▼
Equity and liabilities
Total equity and liabilities10/49€244k€287k▲
Equity10/15€216k€244k▲
Contributions10/11€6k€6k=
Outside capital11€6k-
Other1109/19€6k-
Reserves13€22k€50k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€20k€49k▲
Profit (loss) carried forward14€188k€188k=
Amounts payable17/49€28k€43k▲
Amounts payable within one year42/48€28k€41k▲
Current portion of amounts payable after more than one year42€6k-
Financial debts43€6k€10k▲
Credit institutions430/8€6k€10k▲
Trade debts44€3k€3k▲
Suppliers440/4€3k€3k▲
Taxes, remuneration and social security45€12k€27k▲
Taxes450/3€11k€22k▲
Remuneration and social security454/9€1k€5k▲
Other amounts payable47/48€122€833▲
Accrued charges and deferred income492/3-€1k
Income statement
Code20232024
Remuneration, social security and pensions62€6k€19k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€3k▼
Other operating charges640/8€3k€3k▼
Gross operating margin9900€38k€71k▲
Operating profit (loss)9901€19k€45k▲
Financial income75/76B€75€67▼
Recurring financial income75€75€67▼
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€18k€44k▲
Income taxes67/77€7k€14k▲
Profit (loss) for the period9904€11k€30k▲
Profit (loss) for the period to be appropriated9905€11k€30k▲
Appropriation of the result
Profit (loss) to be appropriated9906€198k€217k▲
Profit (loss) brought forward from the previous period14P€188k€188k=
Transfer to equity691/2€11k€29k▲
To other reserves6921€11k€29k▲
Profit to be distributed694/7-€833
Return on contributions (dividend)694-€833
Social balance
Average headcount (FTE)90870.3-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Highest result since 2018net €30k ▲172%
Operating result €45k, net result €30k, both a record.
19-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 50 days late
2023
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 59 days late
2022
17-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 17 days late
2021
31-12
Financial
Equity above €200kEq €200k ▲7.5%
4 profitable years in a row build equity to €200k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
10-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 41 days late
2019
31-12
Financial
Weakest financial yearnet €4k ▼27.7%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
23-06
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
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Silly · 1 establishment unit since 2008
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 de Mévergnies(Gondre) 127830 SillyGround area
1,146 m²
Building footprint
223 m²
Volume, LiDAR
1,113 m³
Parcel 51026A0126/00E000, Wallonia · tallest building 11.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SaPhi
since 20082.169.711.341
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51026A0126/00E000 | Wallonia | 1,146 m² | 1 · 223 m² | 11.4 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.
Similar companies · same sector, comparable size
J.D.P.
BE 0825.319.253
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CARRETTE
BE 0808.061.369
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Aenodo
BE 0799.645.531
Court-Saint-Etienne · Eq €244k
Nivinco
BE 0873.526.867
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TMM
BE 0844.102.413
Lille · Eq €244k
Of 30,000 companies in sector 62200 we hold annual accounts for 18,394. 14,254 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded28-03-2008
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
43211General electrical installation work
46500Wholesale of information and communication equipment
46520Wholesale trade
95100Repair and maintenance of computers and communication equipment
95110Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.