SAPILUC
ActiveSummary
SAPILUC has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €191k and a net result of €-61k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 17% of 9038 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
44
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability14▲+1
Solvency37▼-4
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days only on tighter terms
Liquidity short (current ratio 0.32 against 0.33 in 2023; short-term debt: 87.6% and cash: 0.5% of total assets), and 87.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
12.4%
Return on assets
-4%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-61k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 9038 sector peers (2024).
NBB · sector comparisonPosition among 9038 sector peers
Solvency
better than 17%
← weakest
strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-07-2026, 341 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
341 d late
2023
299 d late
2022
61 d late
2021
268 d late
2020
265 d late
2019
138 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-61k▲ 10.4%
2023 · €-68k
2018: €-61k
2019: €30k
2020: €-90k
2021: €-112k
2022: €-318k
2023: €-68k
2018 → 2024
Working capital
€-916k▼ 5.7%
2023 · €-867k
2018: €-318k
2019: €-218k
2020: €-298k
2021: €-423k
2022: €-750k
2023: €-867k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€81k-€-32k€321k€252k▼ 21.4%€191k▼ 24.3%
Operating result€-59k-€-97k▼ 64.9%€-295k▼ 204%€-64k▲ 78.2%€-56k▲ 13.3%
Net result€-90k-€-112k▼ 24.2%€-318k▼ 183%€-68k▲ 78.4%€-61k▲ 10.4%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €56k in 2024 against €64k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.53M
Fixed assets
€1.11M ▼ 1.3%
Current assets
€428k ▲ 0.4%
Equity and liabilities €1.53M
Equity
€191k ▼ 24.3%
Debt
€1.34M ▲ 3.8%
Debt's share of the balance-sheet total rises from 83.7% to 87.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-15k▲
2023 · €-27k
Cash flow
€-20k▲
2023 · €-31k
Current ratio
0.32▼
2023 · 0.33
Quick ratio
0.26▲
2023 · 0.25
Debt to equity
7.04▲
2023 · 5.13
ROE
-32.2%▼
2023 · -27.2%
ROA
-4.0%▲
2023 · -4.4%
Interest coverage
-2.51▲
2023 · -6.67
Debt ≤ 1 year
€1.34M▲
2023 · €1.29M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 46 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.55M€1.53M▼
Fixed assets21/28€1.12M€1.11M▼
Tangible fixed assets22/27€1.12M€1.10M▼
Land and buildings22€993k€981k▼
Plant, machinery and equipment23€94k€92k▼
Furniture and vehicles24€19k€24k▲
Leasing and similar rights25€11k€7k▼
Financial fixed assets28€3k€3k=
Current assets29/58€426k€428k▲
Stocks and contracts in progress3€100k€80k▼
Stocks30/36€100k€80k▼
Amounts receivable within one year40/41€313k€337k▲
Trade receivables40€202k€213k▲
Other amounts receivable41€110k€124k▲
Cash at bank and in hand54/58€8k€8k▼
Deferred charges and accrued income490/1€5k€2k▼
Equity and liabilities
Total equity and liabilities10/49€1.55M€1.53M▼
Equity10/15€252k€191k▼
Contributions10/11€178k€178k=
Revaluation surpluses12€670k€670k=
Profit (loss) carried forward14€-595k€-657k▼
Amounts payable17/49€1.29M€1.34M▲
Amounts payable after more than one year17€2k-
Financial debts170/4€2k-
Amounts payable within one year42/48€1.29M€1.34M▲
Current portion of amounts payable after more than one year42€26k€16k▼
Financial debts43€87k€84k▼
Credit institutions430/8€87k€84k▼
Trade debts44€92k€125k▲
Suppliers440/4€92k€125k▲
Taxes, remuneration and social security45-€4k
Taxes450/3-€4k
Other amounts payable47/48€1.09M€1.11M▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€41k▲
Other operating charges640/8€2k€19k▲
Gross operating margin9900€-25k€5k▲
Operating profit (loss)9901€-64k€-56k▲
Financial income75/76B€2€378▲
Recurring financial income75€2€378▲
Financial charges65/66B€4k€6k▲
Recurring financial charges65€4k€6k▲
Profit (loss) for the period before taxes9903€-68k€-61k▲
Profit (loss) for the period9904€-68k€-61k▲
Profit (loss) for the period to be appropriated9905€-68k€-61k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-595k€-657k▼
Profit (loss) brought forward from the previous period14P€-527k€-595k▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 341 days late
2025
26-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 299 days late
2023
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 61 days late
25-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 268 days late
2022
31-12
Financial
Weakest financial yearnet €-318k
Net result drops to €-318k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200kEq €321k
Equity rises from €-32k to €321k.
22-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 265 days late
2020
16-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 138 days late
2019
31-12
Financial
Back to profitnet €30k
Net result €30k after one loss-making year.
14-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 75 days late
01-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 244 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 21 days late
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Namur · 1 establishment unit since 1991
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 Brimez(WP) 1555100 NamurGround area
2,117 m²
Building footprint
478 m²
Volume, LiDAR
2,732 m³
2 parcels, Wallonia · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Tienne aux Pierres(WP) 104, 5100 Namur
since 19912.052.061.922
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92135G0124/00B000 | Wallonia | 1,982 m² | 1 · 304 m² | 7.2 m · 2 fl. |
| 92135D0094/00E000 | Wallonia | 135 m² | 1 · 174 m² | 9.6 m · 2 fl. |
Linked by address, not proof of ownership
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteNamur2.052.061.922
Similar companies · same sector, comparable size
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DIGNEF J & P
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Vilardell Consulting
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DE KOLIS
BE 0825.096.054
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Of 956 companies in sector 46319 we hold annual accounts for 609. 420 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formCoöperatieve vennootschap met beperkte aansprakelijkheid
Founded14-02-1991
Fiscal year end31-12
Activities, NACEBEL 2025
46319Wholesale of fruit and vegetables, excluding potatoes
01240Growing of pome and stone fruits
01290Crop and animal production, hunting and related service activities
02100Forestry and logging
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.