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SAPIMPEX

Active
Private limited companyfounded 2025active for 1 yearRue des Taillettes, Beuzet 10, 5030 Gembloux, BelgiumKBO/BCE: BE 1019.031.421
Summary

SAPIMPEX has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €81,908 and a net result of €72,908. Its solvency ranks better than 43% of 20,987 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Financials · financial year 2025, micro format

Equity
€81,908
Total assets
€156,252
Net result
€72,908
Working capital
€76,449

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €156,252
Fixed assets €34,827
Current assets €121,425
Equity and liabilities €156,252
Equity €81,908
Debt €74,344
Debt finances 47.6% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€99,704
Cash flow
€79,585
Current ratio
2.70
Debt to equity
0.91
ROE
89.0%
ROA
46.7%
Interest coverage
61.69
Debt ≤ 1 year
€44,976
Debt > 1 year
€26,542
Income taxes
€18,502

Peer companies

Historical observation

Of the 11,280 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 97% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
97% still going

For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 11,280 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 37 lines
Balance sheet Code2025
Assets
Total assets20/58€156,252
Fixed assets21/28€34,827
Tangible fixed assets22/27€34,827
Furniture and vehicles24€862
Leasing and similar rights25€33,965
Current assets29/58€121,425
Amounts receivable within one year40/41€24,148
Trade receivables40€24,148
Cash at bank and in hand54/58€96,943
Deferred charges and accrued income490/1€334
Equity and liabilities
Total equity and liabilities10/49€156,252
Equity10/15€81,908
Contributions10/11€9,000
Profit (loss) carried forward14€72,908
Amounts payable17/49€74,344
Amounts payable after more than one year17€26,542
Financial debts170/4€26,542
Amounts payable within one year42/48€44,976
Current portion of amounts payable after more than one year42€7,644
Trade debts44€3,799
Suppliers440/4€3,799
Taxes, remuneration and social security45€33,177
Taxes450/3€30,177
Remuneration and social security454/9€3,000
Other amounts payable47/48€356
Accrued charges and deferred income492/3€2,826
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,677
Other operating charges640/8€1,014
Gross operating margin9900€100,718
Operating profit (loss)9901€93,027
Financial charges65/66B€1,616
Recurring financial charges65€1,616
Profit (loss) for the period before taxes9903€91,411
Income taxes67/77€18,502
Profit (loss) for the period9904€72,908
Profit (loss) for the period to be appropriated9905€72,908
Appropriation of the result
Profit (loss) to be appropriated9906€72,908

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,677
Other operating charges640/8€1,014
Gross operating margin9900€100,718
Operating profit (loss)9901€93,027
Financial charges65/66B€1,616
Recurring financial charges65€1,616
Profit (loss) for the period before taxes9903€91,411
Income taxes67/77€18,502
Profit (loss) for the period9904€72,908
Profit (loss) for the period to be appropriated9905€72,908
Line2025
Assets
Total assets20/58€156,252
Fixed assets21/28€34,827
Tangible fixed assets22/27€34,827
Furniture and vehicles24€862
Leasing and similar rights25€33,965
Current assets29/58€121,425
Amounts receivable within one year40/41€24,148
Trade receivables40€24,148
Cash at bank and in hand54/58€96,943
Deferred charges and accrued income490/1€334
Equity and liabilities
Total equity and liabilities10/49€156,252
Equity10/15€81,908
Contributions10/11€9,000
Profit (loss) carried forward14€72,908
Amounts payable17/49€74,344
Amounts payable after more than one year17€26,542
Financial debts170/4€26,542
Amounts payable within one year42/48€44,976
Current portion of amounts payable after more than one year42€7,644
Trade debts44€3,799
Suppliers440/4€3,799
Taxes, remuneration and social security45€33,177
Taxes450/3€30,177
Remuneration and social security454/9€3,000
Other amounts payable47/48€356
Accrued charges and deferred income492/3€2,826
Line2025
Profit (loss) for the period9904€72,908
+ Depreciation and write-downs630€6,677
Operating cash flow (approximation)€79,585

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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