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Complete company report
Generated 31-07-2026
Active BE 0757.680.757Private limited company

SAPI MASNUY IMMO

Rue du Progrès(FRY) 4B ·7503 Tournai, Belgium· 5 yrs active
Conclusion Checked

The computed 12-month bankruptcy probability of SAPI MASNUY IMMO is 5.3% (elevated). The 2021 annual accounts show equity of €266k and a net result of €264k. The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 1 annual account.
Key figures
Equity €266k
Net result €264k
Active 5 yrs
Locations 1
Snowflake analysis 5 axes · computed by Checked
Health51Profitability100Solvency10Growth50Stability79
58 / 100

Mixed profile: strong on profitability, weaker on solvency.

Health 51
Profitability 100
Solvency 10
Growth 50
Stability 79
Bankruptcy probability (12 mo) Checked model v1 · free
5.3% Elevated
0%0,5%1,5%4%10%≥25%
Young company +No NACE activity registered +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
More than 3 years active
Founded in 2020, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2021 · computed
51 / 100 Fair
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview4 NBB filings
Annual accounts filed on 30-07-2025 with the NBB · fiscal year 2024 · ander
Fiscal year2021
Revenue€428k
EBITDA€404k
Net profit€264k
Cash flow€313k
Staff costs-
Income taxes€91k
Dividends-
Total assets€1.74M
Equity€266k
Debt€1.48M
of which ≤ 1y€1.48M
of which > 1y-
Working capital€-1.20M
Employees (FTE)-
Ratios (computed)
2021
Current ratio0.19
Quick ratio0.19
Working capital ratio-68.8%
Solvency15.3%
Debt / equity5.55
Long-term debt ratio-
Interest coverage1844.97
Gross margin-
Net margin61.6%
ROA15.1%
ROE99.1%
EBITDA margin94.5%
Days sales outstanding1d
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2021
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2021
Balance sheet, Assets
TOTAL ASSETS 20/58€1.74M
Fixed assets 21/28€1.47M
Tangible fixed assets 22/27€1.47M
Current assets 29/58€277k
Amounts receivable within one year 40/41€1k
Cash & bank 54/58€276k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1.74M
Equity 10/15€266k
Contributions / capital 10/11€3k
Accumulated profits (losses) 14€264k
Amounts payable 17/49€1.48M
Amounts payable within one year 42/48€1.48M
Trade debts payable within one year 44€35k
Income statement
Turnover 70€428k
Operating result 9901€355k
Financial charges 65€219
Result before taxes 9903€355k
Income taxes 67/77€91k
Net result for the period 9904€264k
Result to be appropriated 9905€264k
Ratios computed by Checked.
Legal Structure
NACE primary -
Legal form Private limited company(610)
Incorporation30-10-2020
StatusActive
Postal code7503
Establishment units 1 location
SAPI MASNUY IMMO
Rue des Fusillés 12, 7020 MonsHandel in eigen onroerend goed
since 20202.309.631.960
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
53048A0032/11_000 Wallonia 6,122 m² 1 · 654 m² 30.5 m · 7 fl.
57031B0362/00E004 Wallonia 4,437 m² 1 · 1,739 m² 13.4 m · 4 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 5 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
30-07-2025
NBB filing Annual accounts filed
fiscal year 2024 · ander
14-07-2025
State Gazette act Director changes
2024
26-07-2024
NBB filing Annual accounts filed
fiscal year 2023 · ander
2023
08-08-2023
NBB filing Annual accounts filed
fiscal year 2022 · ander
2022
14-07-2022
NBB filing Annual accounts filed
fiscal year 2021 · ander
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 1 year ago
2025
14-07-2025 2 directors appointed, 1 resigning Director changes
  • Maxime Clémenceau, Bestuurder
  • Charles-Alfred de Crépy, Bestuurder
  • Vincent Bultot, Bestuurder
Technical details 
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      "statutory": "statutair",
      "compensated": null,
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      "evidence_quote": "PREND ACTE DE et ACCEPTE la d\u00E9mission de Monsieur Vincent Bultot de son mandat d\u0027administrateur de la Soci\u00E9t\u00E9, \u00E0 partir de la date de ces d\u00E9cisions.",
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      "role": "directeur",
      "person": {
        "rrn": null,
        "name": "Johan Lagae",
        "address": "Avenue de Tervueren 2, 1040 Bruxelles",
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    "language": "mixed",
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    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0757.680.757",
    "name_full": "SAPI MASNUY IMMO",
    "legal_form": "SRL",
    "_kbo_filled_from_list": true
  },
  "publication_proxy": {
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Names & trade names
Legal nameFR SAPI MASNUY IMMO
Registered office
Rue du Progrès(FRY) 4B
7503 Tournai, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative