Financials
- Fiscal year
- 2025
- Total assets
- €701,397
- Loss
- -€3,526
- Solvency
- -0.7%
Total assets▼ 0.3%
Net result
20192025
SAPIES
ActiveSummary
SAPIES has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€5,161) and a net result of -€3,526. Equity is shrinking by ~60.6% per year across the filed fiscal years. Its solvency ranks better than 9% of 9508 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Overview
What they do
Business and other management consultancy
NACE 70200Business consulting NACE 70220
1 site
How big
€701,397total assets 2025
- Equity
- -€5,161
- Loss
- -€3,526
Turnover not published (abridged schema)
Who decides
- Holdings
- 1
Accounts 98 d early0 of 2 deeds read
Why 53Capped at 59: negative equity- Liquidity: current ratio 0.00, cash €1,288, halved- Negative equity -€5,161+ Sector Activities of head offices; management consultancy activities (NACE 70)+ Size: total assets €701,397Show the evidence
Checked score
Score 2025
53
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 7% of its sector peers (NACE 70, micro)
Performance against the sector, not lower risk
Negative equity caps the score at 59. Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency
24-1
equity -0.7% of total assets
Liquidity
0-1
short-term debt 100.7% · cash 0.2%
Profitability
36=
return on assets -0.5%
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
- Liquidity: current ratio 0.00, cash €1,288, halved raises the probability
- Sector Activities of head offices; management consultancy activities (NACE 70) lowers the probability
- Size: total assets €701,397 lowers the probability for this profile
- Negative equity -€5,161 raises the probability
No credit on open account
Liquidity short (current ratio 0.0 against 0.01 in 2024; short-term debt: 100.7% and cash: 0.2% of total assets), and equity is negative.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 70, micro). Better than this share of them on solvency 8%, liquidity 1%, profitability 18%, growth against the median 1%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610020317, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€5,161
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 24-04-2026, 98 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
98 d early
2024
66 d early
2023
92 d early
2022
32 d early
2021
30 d early
2020
31 d early
2019
31 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 54 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 26 May (4 of the last 5 filed years within 34 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Annual accounts filedfiscal year 2024 · abbreviated…
- Annual accounts filedfiscal year 2023 · abbreviated…
Key points
- Risk: Negative equityfiscal year 2025: debts exceed assets -€5,161 View
- Risk: 6 loss-making years in a rowloss fiscal year 2025 -€3,526 View
- Caution: Among the weakest 9% on equitysector median €336,189 · 9,518 companies -€5,161 View
- Positive: Always filed on timeaccounts within the deadline every year 7 years View
By topic
Network & group
- Holdings
- 1
1 holding
Timeline
- Events
- 9
- Since
- 2020
- Next accounts
- by 31-07-2027
- 24-04-2026Annual accounts filed
- 26-05-2025Annual accounts filed
- 30-04-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Business and other management consultancyNACE 70200
- Founded
- 10-05-2019
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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