SAPION
ActiveSummary
SAPION has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €305,709 and a net result of €842. Equity is growing by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 83% of 7838 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▲+57
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 5.78 against 4.41 in 2024; short-term debt: 16.3% and cash: 51.7% of total assets), and 16.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
83.6%
Return on assets
0.2%
Age of the figures
9 mo
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
on the day
2023
15 d early
2022
42 d early
2021
41 d early
2020
18 d early
2019
38 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 22 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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 17 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€305,709▲ 0.3%
2024 · €304,868
Total assets
€365,856▼ 5.0%
2024 · €385,076
Net result
€842
2024 · -€19,734
Working capital
€285,606▲ 4.5%
2024 · €273,374
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€50,363▼ 0.2%€9,493▼ 81.2%-€4,742-€22,411▼ 373%€1,433
Net result€25,809within the sector's middle half▼ 21.8%€8,018within the sector's middle half▼ 68.9%€1,632within the sector's middle half▼ 79.6%-€19,734below the sector's middle half€842within the sector's middle half
Equity€319,388above the sector's middle half▲ 8.2%€326,606above the sector's middle half▲ 2.3%€327,439above the sector's middle half▲ 0.3%€304,868above the sector's middle half▼ 6.9%€305,709above the sector's middle half▲ 0.3%
Total assets€526,480above the sector's middle half▲ 5.7%€429,289above the sector's middle half▼ 18.5%€366,922within the sector's middle half▼ 14.5%€385,076above the sector's middle half▲ 4.9%€365,856within the sector's middle half▼ 5.0%
Debt€207,092▲ 2.1%€102,683▼ 50.4%€39,484▼ 61.5%€80,209▲ 103%€60,147▼ 25.0%
Working capital€364,016above the sector's middle half▲ 6.7%€284,717above the sector's middle half▼ 21.8%€291,198above the sector's middle half▲ 2.3%€273,374above the sector's middle half▼ 6.1%€285,606above the sector's middle half▲ 4.5%
Solvency60.7%within the sector's middle half▲ 1.4pp76.1%above the sector's middle half▲ 15.4pp89.2%above the sector's middle half▲ 13.2pp79.2%above the sector's middle half▼ 10.1pp83.6%above the sector's middle half▲ 4.4pp
Current ratio3.38within the sector's middle half▼ 0.044.19above the sector's middle half▲ 0.8110.02above the sector's middle half▲ 5.834.41above the sector's middle half▼ 5.615.78above the sector's middle half▲ 1.37
Return on assets (ROA)4.9%within the sector's middle half▼ 1.7pp1.9%within the sector's middle half▼ 3.0pp0.4%within the sector's middle half▼ 1.4pp-5.1%below the sector's middle half▼ 5.6pp0.2%below the sector's middle half▲ 5.4pp
Staff (FTE)1=0.4▼ 60.0%
above
within
below
the middle half (P25 to P75) of NACE 82, Office administrative, office support and other business support activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €1,433 after a loss of €22,411 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €365,856
Fixed assets
€20,501 ▼ 35.1%
Current assets
€345,355 ▼ 2.3%
Equity and liabilities €365,856
Equity
€305,709 ▲ 0.3%
Debt
€60,147 ▼ 25.0%
Debt's share of the balance-sheet total falls from 20.8% to 16.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€13,441▲
2024 · -€10,527
Cash flow
€12,849▲
2024 · -€7,851
Quick ratio
4.37▲
2024 · 3.44
Debt to equity
0.20▼
2024 · 0.26
ROE
0.3%▲
2024 · -6.5%
Interest coverage
35.79▲
2024 · -18.28
Debt ≤ 1 year
€59,749▼
2024 · €80,136
Income taxes
€216▲
2024 · €135
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,039 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.9% |
| 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 17,039 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €5,430 | - | - | - | - |
| Remuneration, social security and pensions62 | €62,579 | €30,748 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,516 | €3,892 | €11,884 | €11,884 | €12,007 | ▲ 1.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €16,256 | -€9,924 | €0 | ▲ 100% |
| Other operating charges640/8 | €699 | €547 | €7,573 | €13,598 | €120 | ▼ 99.1% |
| Gross operating margin9900 | €120,157 | €44,679 | €30,971 | -€6,853 | €13,561 | ▲ 298% |
| Operating profit (loss)9901 | €50,363 | €9,493 | -€4,742 | -€22,411 | €1,433 | ▲ 106% |
| Financial income75/76B | €3 | €2,779 | €8,335 | €3,387 | €0 | ▼ 100.0% |
| Recurring financial income75 | €3 | €2,779 | €8,335 | €3,387 | €0 | ▼ 100.0% |
| Financial charges65/66B | €1,208 | €827 | €914 | €576 | €376 | ▼ 34.8% |
| Recurring financial charges65 | €1,208 | €827 | €914 | €576 | €376 | ▼ 34.8% |
| Profit (loss) for the period before taxes9903 | €49,158 | €11,445 | €2,679 | -€19,599 | €1,058 | ▲ 105% |
| Income taxes67/77 | €23,349 | €3,427 | €1,047 | €135 | €216 | ▲ 60.2% |
| Profit (loss) for the period9904 | €25,809 | €8,018 | €1,632 | -€19,734 | €842 | ▲ 104% |
| Transfer from tax-exempt reserves789 | €35,722 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €61,530 | €8,018 | €1,632 | -€19,734 | €842 | ▲ 104% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €526,480 | €429,289 | €366,922 | €385,076 | €365,856 | ▼ 5.0% |
| Fixed assets21/28 | €9,535 | €55,333 | €43,450 | €31,566 | €20,501 | ▼ 35.1% |
| Tangible fixed assets22/27 | €9,485 | €55,283 | €43,400 | €31,516 | €20,451 | ▼ 35.1% |
| Land and buildings22 | €3,237 | €2,070 | €1,552 | €1,035 | €517 | ▼ 50.0% |
| Plant, machinery and equipment23 | €2,935 | €3,562 | €2,487 | €1,411 | €463 | ▼ 67.2% |
| Furniture and vehicles24 | €3,313 | €49,651 | €39,361 | €29,070 | €19,471 | ▼ 33.0% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €516,945 | €373,956 | €323,473 | €353,510 | €345,355 | ▼ 2.3% |
| Stocks and contracts in progress3 | €50,705 | €90,603 | €114,016 | €77,457 | €84,267 | ▲ 8.8% |
| Contracts in progress37 | €50,705 | €90,603 | €114,016 | €77,457 | €84,267 | ▲ 8.8% |
| Amounts receivable within one year40/41 | €282,440 | €102,221 | €85,245 | €137,409 | €70,366 | ▼ 48.8% |
| Trade receivables40 | €278,475 | €95,648 | €78,297 | €128,591 | €65,452 | ▼ 49.1% |
| Other amounts receivable41 | €3,965 | €6,573 | €6,949 | €8,818 | €4,914 | ▼ 44.3% |
| Cash at bank and in hand54/58 | €183,801 | €181,131 | €123,814 | €137,587 | €189,137 | ▲ 37.5% |
| Deferred charges and accrued income490/1 | - | - | €398 | €1,057 | €1,586 | ▲ 50.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €526,480 | €429,289 | €366,922 | €385,076 | €365,856 | ▼ 5.0% |
| Equity10/15 | €319,388 | €326,606 | €327,439 | €304,868 | €305,709 | ▲ 0.3% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €313,188 | €320,406 | €321,239 | €298,668 | €299,509 | ▲ 0.3% |
| Non-distributable reserves130/1 | €3,121 | €3,121 | - | - | - | - |
| Reserves not available under the articles1311 | €3,121 | €3,121 | - | - | - | - |
| Distributable reserves133 | €310,067 | €317,286 | €321,239 | €298,668 | €299,509 | ▲ 0.3% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €207,092 | €102,683 | €39,484 | €80,209 | €60,147 | ▼ 25.0% |
| Amounts payable after more than one year17 | €51,500 | €12,509 | €5,802 | €0 | - | - |
| Financial debts170/4 | €51,500 | €12,509 | €5,802 | €0 | - | - |
| Amounts payable within one year42/48 | €152,930 | €89,239 | €32,275 | €80,136 | €59,749 | ▼ 25.4% |
| Current portion of amounts payable after more than one year42 | - | €6,443 | €6,707 | €5,802 | €0 | ▼ 100% |
| Trade debts44 | €12,429 | €4,521 | €10,233 | €23,439 | €12,315 | ▼ 47.5% |
| Suppliers440/4 | €12,429 | €4,521 | €10,233 | €23,439 | €12,315 | ▼ 47.5% |
| Taxes, remuneration and social security45 | €49,612 | €15,565 | €960 | €19,644 | €10,154 | ▼ 48.3% |
| Taxes450/3 | €39,069 | €15,565 | €960 | €19,644 | €10,154 | ▼ 48.3% |
| Remuneration and social security454/9 | €10,543 | - | - | - | - | - |
| Other amounts payable47/48 | €90,888 | €62,710 | €14,375 | €31,252 | €37,281 | ▲ 19.3% |
| Accrued charges and deferred income492/3 | €2,662 | €934 | €1,407 | €72 | €398 | ▲ 451% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25,809 | €8,018 | €1,632 | -€19,734 | €842 | ▲ 104% |
| + Depreciation and write-downs630 | €6,516 | €3,892 | €11,884 | €11,884 | €12,007 | ▲ 1.0% |
| Operating cash flow (approximation) | €32,324 | €11,910 | €13,516 | -€7,851 | €12,849 | ▲ 264% |
| Investment in fixed assets (approximation) | - | -€49,690 | €0 | €0 | -€943 | - |
| Change in cash | - | -€2,669 | -€57,318 | €13,773 | €51,550 | ▲ 274% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €842
Net result €842 after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€19,734
Net result drops to -€19,734, the lowest in the series; recovery starts the following year.
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 10.02
Current ratio from 4.19 to 10.02; short-term debt falls from €89,239 to €32,275.
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
23-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €43,453 ▲93.5%
Operating result €63,298, net result €43,453, both a record.
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
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.
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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, Nijlen · 1 establishment unit since 1996
Ground area
242 m²
Building footprint
51 m²
Volume, LiDAR
460 m³
Parcel 12018B0248/00Y003, Flanders · tallest building 11.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Oude Bevelsesteenweg(Kessel) 51, 2560 Nijlen
since 19962.201.085.297
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12018B0248/00Y003 | Flanders | 242 m² | 1 · 50 m² | 11.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 2 entries · 2,568 EUR awarded · 2,568 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,205 EUR | 1,205 EUR |
| 2022 | 1 | 1,363 EUR | 1,363 EUR |
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Of 24,516 companies in sector 82990 we hold annual accounts for 9,419. 6,512 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded06-12-1996
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0459384773
Also
9925:BE0459384773
Registered
14-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.