SAPI
ActiveSAPI has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.17M and a net result of €498. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 40% of 9113 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
58
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability38=
Solvency46=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity short (current ratio 0.02 against 0.03 in 2024; short-term debt: 33.8% and cash: 0.5% of total assets), and 78.8% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
21.2%
Return on assets
0%
Age of the figures
9 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 31-12-2025 was due by 31-07-2026 and was filed on 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 d early
2024
2 d early
2023
17 d early
2022
16 d early
2021
118 d early
2020
36 d early
2019
3 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€2.17M=
2024 · €2.17M
2018: €223k
2019: €2.30M
2020: €2.16M
2021: €2.17M
2022: €2.17M
2023: €2.17M
2024: €2.17M
2018 → 2025
Total assets
€10.26M▼ 0.5%
2024 · €10.31M
2018: €10.59M
2019: €10.98M
2020: €10.41M
2021: €10.50M
2022: €10.50M
2023: €10.43M
2024: €10.31M
2018 → 2025
Net result
€498▼ 72.3%
2024 · €2k
2018: €-59k
2019: €2.08M
2020: €-140k
2021: €10k
2022: €43
2023: €114
2024: €2k
2018 → 2025
Working capital
€-3.41M▲ 2.7%
2024 · €-3.50M
2018: €257k
2019: €-987k
2020: €-1.61M
2021: €-2.21M
2022: €-2.75M
2023: €-3.43M
2024: €-3.50M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.17M-€2.17M=€2.17M=€2.17M▲ 0.1%€2.17M=
Operating result€216k-€220k▲ 2.1%€224k▲ 1.7%€200k▼ 10.7%€129k▼ 35.4%
Net result€10k-€43▼ 99.6%€114▲ 163%€2k▲ 1,478%€498▼ 72.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 35% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.26M
Fixed assets
€10.20M=
Current assets
€60k▼ 45.9%
Equity and liabilities €10.26M
Equity
€2.17M=
Debt
€8.09M▼ 0.6%
The debt ratio falls from 78.9% to 78.8%. Debt is lower.
Key figures and ratios
Solvency
21.2%▲
2024 · 21.1%
Current ratio
0.02▼
2024 · 0.03
Quick ratio
0.02▼
2024 · 0.03
Debt / equity
3.72▼
2024 · 3.75
ROE
0.0%▼
2024 · 0.1%
ROA
0.0%▼
2024 · 0.0%
Debt
€8.09M▼
2024 · €8.14M
Debt ≤ 1 year
€3.47M▼
2024 · €3.61M
Debt > 1 year
€4.48M=
2024 · €4.48M
Income taxes
€826▼
2024 · €1k
Staff costs
€340k▲
2024 · €327k
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€10.31M€10.26M▼
Fixed assets21/28€10.20M€10.20M=
Financial fixed assets28€10.20M€10.20M=
Current assets29/58€110k€60k▼
Amounts receivable within one year40/41€35k€3k▼
Trade receivables40-€2k
Other amounts receivable41€35k€1k▼
Cash at bank and in hand54/58€72k€51k▼
Deferred charges and accrued income490/1€3k€6k▲
Equity and liabilities
Total equity and liabilities10/49€10.31M€10.26M▼
Equity10/15€2.17M€2.17M=
Contributions10/11€19k€19k=
Reserves13€2.15M€2.15M=
Distributable reserves133€2.15M€2.15M=
Amounts payable17/49€8.14M€8.09M▼
Amounts payable after more than one year17€4.48M€4.48M=
Financial debts170/4€4.48M€4.48M=
Amounts payable within one year42/48€3.61M€3.47M▼
Current portion of amounts payable after more than one year42€1.04M€1.04M=
Trade debts44€302k€149k▼
Suppliers440/4€302k€149k▼
Taxes, remuneration and social security45€43k€52k▲
Taxes450/3€8k€19k▲
Remuneration and social security454/9€35k€33k▼
Other amounts payable47/48€2.23M€2.23M=
Accrued charges and deferred income492/3€45k€139k▲
Income statement
Code20242025
Remuneration, social security and pensions62€327k€340k▲
Other operating charges640/8€4k€2k▼
Gross operating margin9900€531k€472k▼
Operating profit (loss)9901€200k€129k▼
Financial income75/76B€1k-
Recurring financial income75€1k-
Financial charges65/66B€198k€128k▼
Recurring financial charges65€198k€128k▼
Profit (loss) for the period before taxes9903€3k€1k▼
Income taxes67/77€1k€826▼
Profit (loss) for the period9904€2k€498▼
Profit (loss) for the period to be appropriated9905€2k€498▼
Appropriation of the result
Profit (loss) to be appropriated9906€2k€498▼
Transfer to equity691/2€2k€498▼
To other reserves6921€2k€498▼
Social balance
Average headcount (FTE)90875.45.0▼
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
Next filing, fiscal year 2026, expected by
2026
17-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
14-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
15-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
04-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €10k
Net result €10k after one loss-making year.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-140k ▼107%
Net result drops to €-140k, the lowest in the series; recovery starts the following year.
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €2.08M
Net result €2.08M after one loss-making year.
31-12
Financial
Equity above €2MEq €2.30M ▲932%
Equity rises from €223k to €2.30M.
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Aalter · 1 establishment unit since 2011
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.
Groendreef 669880 AalterGround area
9,809 m²
Building footprint
6,868 m²
Volume, LiDAR
43,997 m³
Parcel 44503H0080/00A000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SAPI
since 20112.202.271.271
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44503H0080/00A000 | Flanders | 9,809 m² | 1 · 6,868 m² | 8.4 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 1,224 EUR awarded · 1,224 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 276 EUR | 276 EUR |
| 2024 | 1 | 306 EUR | 306 EUR |
| 2023 | 1 | 380 EUR | 380 EUR |
| 2022 | 1 | 262 EUR | 262 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 7,321 companies in sector 68110 we hold annual accounts for 5,380. 2,584 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-08-2011
Fiscal year end31-12
Activities, NACEBEL
46474Wholesale trade
68110Buying and selling of own real estate
27402Manufacture of electrical equipment
68121Development of residential building projects
66110Activities auxiliary to financial services and insurance activities
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.