Active BE 1002.060.676Private limited company

SAPI-C

Rue Longue(Piét.) 141 ·1370 Jodoigne, Belgium· 2 yrs active

Sector: Computer programming (62100)

Conclusion Checked

SAPI-C has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €161k and a net result of €88k. Its solvency ranks better than 50% of 16619 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€161k
Net result	€88k
Better than sector	50%
Active	2 yrs

Financial profile 5 of 5 axes measured · computed by Checked

92 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 100

Profitability 100

Solvency 100

Growth 78

Stability 82

Bankruptcy probability (12 mo) Checked model v1 · free

0.4% Very low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Young company

Founded in 2023, under 3 years, statistically higher risk.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

100 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€16k

estimate, not credit advice

Score history

93 2024

100 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 3.81 (≥ 1.5) +10

Quick ratio Quick ratio 3.81 (≥ 1.0) +5

Leverage Debt/equity 0.42 (< 1.0) +10

Profitability ROE 55% (≥ 10%) +10

Interest coverage Interest coverage 2073.5× (≥ 3×) +8

Profit trend Net profit up YoY +5

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview2 NBB filings

Annual accounts filed on 30-08-2026 with the NBB · fiscal year 2025 · micro schema

Operating resultNet result

Sector comparison

Fiscal year 2025 · NACE 62, Computer programming, consultancy and related activities · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	60.2%	60.0%	better than 50% of 16619 sector peers
Net result	€88k	€29k	better than 90% of 16630 sector peers
Equity	€161k	€72k	better than 75% of 16625 sector peers
Gross operating margin	€157k	€55k	better than 91% of 16616 sector peers
Total assets	€267k	€141k	better than 74% of 16633 sector peers

EBITDA

€137k

+21.6% 24-25

Net profit

€88k

+29.2% 24-25

Cash flow

€94k

+25.9% 24-25

Total assets

€267k

+81.1% 24-25

Equity

€161k

+117.6% 24-25

Working capital

€189k

+149.5% 24-25

Income taxes

€43k

+23.0% 24-25

Dividends

€833

- 24-25

Debt

€67k

+23.6% 24-25

Debt ≤ 1y

€67k

+23.5% 24-25

Current ratio

3.81

+59.3% 24-25

Quick ratio

3.81

+59.3% 24-25

Solvency

60.2%

+20.2% 24-25

Debt / equity

0.42

-43.2% 24-25

ROE

54.6%

-40.6% 24-25

ROA

32.9%

-28.6% 24-25

Interest coverage

2073.46

+5620.7% 24-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024
Deposit	micro schema	micro schema
Revenue	-	-
EBITDA	€137k	€113k
Net profit	€88k	€68k
Cash flow	€94k	€75k
Staff costs	-	-
Income taxes	€43k	€35k
Dividends	€833	-
Total assets	€267k	€148k
Equity	€161k	€74k
Debt	€67k	€54k
of which ≤ 1y	€67k	€54k
of which > 1y	-	-
Working capital	€189k	€76k
Employees (FTE)	-	-

Ratios (computed)

	2025	2024
Current ratio	3.81	2.39
Quick ratio	3.81	2.39
Working capital ratio	70.5%	51.2%
Solvency	60.2%	50.1%
Debt / equity	0.42	0.73
Long-term debt ratio	-	-
Interest coverage	2073.46	36.24
Gross margin	-	-
Net margin	-	-
ROA	32.9%	46.1%
ROE	54.6%	91.9%
EBITDA margin	-	-
Days sales outstanding	-	-
Days payable outstanding	-	-
Inventory turnover	-	-
Days inventory (DSI)	-	-

Balance-sheet composition 2025

Assets

Fixed assets €12k · 4.4% Current assets €256k · 95.7%

Equity & liabilities

Equity €161k · 60.2% Provisions €39k · 14.6% Debt €67k · 25.1%

Full annual accounts (22 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€267k	€148k
Fixed assets	21/28	€12k	€18k
Tangible fixed assets	22/27	€12k	€18k
Current assets	29/58	€256k	€130k
Amounts receivable within one year	40/41	€61k	€27k
Cash & bank	54/58	€192k	€56k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€267k	€148k
Equity	10/15	€161k	€74k
Contributions / capital	10/11	€6k	€6k
Reserves	13	€155k	€68k
Provisions & deferred taxes	16	€39k	€19k
Amounts payable	17/49	€67k	€54k
Amounts payable within one year	42/48	€67k	€54k
Trade debts payable within one year	44	€14k	€10k
Income statement
Gross operating margin	9900	€157k	€132k
Operating result	9901	€131k	€106k
Financial income	75	€16	€61
Financial charges	65	€66	€3k
Result before taxes	9903	€131k	€103k
Income taxes	67/77	€43k	€35k
Net result for the period	9904	€88k	€68k
Result to be appropriated	9905	€88k	€68k

Legal Structure

NACE primary	Computer programming(62100)
Legal form	Private limited company(610)
Incorporation	08-11-2023
Status	Active
Postal code	1370

Establishment units 1 location

SAPI-C

Rue Longue(Piét.) 141, 1370 JodoigneInstallation of industrial machinery and equipment

since 20232.351.809.738

Real-estate footprint Source: CBE × cadastre

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
25085D0098/00N000	Wallonia	1,248 m²	1 · 116 m²	11.4 m · 3 fl.

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.

Updates 2 events

All 3Financial 1Filings 2

Next filing, fiscal year 2026, expected by 31-07-2027

2026

30-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 30 days late

2025

31-12

Financial Equity above €150kEq €161k ▲118%

2 profitable years in a row build equity to €161k.

26-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 26 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 1 acts read

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Computer programming, consultancy and related activities62010Computer programming62100Installation of industrial machinery and equipment33200General electrical installation work43211Retail sale of information and communication equipment47400Retail trade47410IT consultancy62020Computer consultancy and computer facilities management62200Vocational training85592

Names & trade names

Legal nameFR

SAPI-C

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