Sapittel RE
ActiveSummary
Sapittel RE has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-175k) and a net result of €-147k. Equity is shrinking by ~299.3% per year across the filed fiscal years. Its solvency ranks better than 13% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability18▼-18
Solvency21▼-3
Growth32=
Track record94
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.03 against 0.04 in 2024; short-term debt: 8.9% and cash: 0.2% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
-4.3%
Return on assets
-3.6%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year €-175k
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 09-04-2026, 113 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
113 d early
2024
83 d early
2023
8 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-175k▼ 524%
2024 · €-28k
Total assets
€4.09M▲ 20.1%
2024 · €3.41M
Net result
€-147k▼ 601%
2024 · €-21k
Working capital
€-353k▲ 33.6%
2024 · €-532k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result€-13k-€4k€-43k
Net result€-17k-€-21k▼ 22.6%€-147k▼ 601%
Equity€-7k-€-28k▼ 296%€-175k▼ 524%
Total assets€456k-€3.41M▲ 647%€4.09M▲ 20.1%
Debt€463k-€3.44M▲ 642%€4.27M▲ 24.2%
Working capital€-81k-€-532k▼ 555%€-353k▲ 33.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €43k after €4k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.09M
Fixed assets
€4.08M ▲ 20.7%
Current assets
€11k ▼ 55.9%
Key figures and ratios
EBITDA
€50k
Cash flow
€-53k
Solvency
-4.3%▼
2024 · -0.8%
Current ratio
0.03▼
2024 · 0.04
Debt to equity
-24.41
ROA
-3.6%▼
2024 · -0.6%
Interest coverage
0.48
Debt ≤ 1 year
€364k▼
2024 · €557k
Debt > 1 year
€3.88M▲
2024 · €2.87M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €94k | - |
| Other operating charges640/8 | €4k | €2k | €6k | ▲ 242% |
| Gross operating margin9900 | €-9k | €6k | €56k | ▲ 836% |
| Operating profit (loss)9901 | €-13k | €4k | €-43k | ▼ 1,123% |
| Financial income75/76B | - | €1 | €237 | ▲ 39,370% |
| Recurring financial income75 | - | €1 | €237 | ▲ 39,370% |
| Financial charges65/66B | €4k | €25k | €104k | ▲ 311% |
| Recurring financial charges65 | €4k | €25k | €104k | ▲ 311% |
| Profit (loss) for the period before taxes9903 | €-17k | €-21k | €-147k | ▼ 601% |
| Profit (loss) for the period9904 | €-17k | €-21k | €-147k | ▼ 601% |
| Profit (loss) for the period to be appropriated9905 | €-17k | €-21k | €-147k | ▼ 601% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €456k | €3.41M | €4.09M | ▲ 20.1% |
| Fixed assets21/28 | €274k | €3.38M | €4.08M | ▲ 20.7% |
| Tangible fixed assets22/27 | €274k | €3.38M | €4.08M | ▲ 20.7% |
| Land and buildings22 | - | - | €4.08M | - |
| Other tangible fixed assets26 | €274k | - | - | - |
| Assets under construction and advance payments27 | - | €3.38M | €0 | ▼ 100% |
| Current assets29/58 | €182k | €25k | €11k | ▼ 55.9% |
| Amounts receivable within one year40/41 | €23k | €20k | €0 | ▼ 100% |
| Other amounts receivable41 | €23k | €20k | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €133k | €0 | €7k | - |
| Deferred charges and accrued income490/1 | €26k | €5k | €4k | ▼ 33.9% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €456k | €3.41M | €4.09M | ▲ 20.1% |
| Equity10/15 | €-7k | €-28k | €-175k | ▼ 524% |
| Contributions10/11 | €10k | €10k | €10k | = |
| Profit (loss) carried forward14 | €-17k | €-38k | €-185k | ▼ 386% |
| Amounts payable17/49 | €463k | €3.44M | €4.27M | ▲ 24.2% |
| Amounts payable after more than one year17 | €200k | €2.87M | €3.88M | ▲ 35.3% |
| Financial debts170/4 | €200k | €2.87M | €3.88M | ▲ 35.3% |
| Amounts payable within one year42/48 | €263k | €557k | €364k | ▼ 34.6% |
| Current portion of amounts payable after more than one year42 | - | €28k | €29k | ▲ 5.0% |
| Financial debts43 | - | €1 | €0 | ▼ 100% |
| Credit institutions430/8 | - | €1 | €0 | ▼ 100% |
| Trade debts44 | €435 | €252k | €63 | ▼ 100.0% |
| Suppliers440/4 | €435 | €252k | €63 | ▼ 100.0% |
| Taxes, remuneration and social security45 | - | - | €11k | - |
| Taxes450/3 | - | - | €11k | - |
| Other amounts payable47/48 | €263k | €277k | €325k | ▲ 17.1% |
| Accrued charges and deferred income492/3 | - | €13k | €28k | ▲ 108% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-17k | €-21k | €-147k | ▼ 601% |
| + Depreciation and write-downs630 | - | - | €94k | - |
| Operating cash flow (approximation) | €-17k | €-21k | €-53k | ▼ 154% |
| Investment in fixed assets (approximation) | - | €-3.11M | €-793k | ▲ 74.5% |
| Change in cash | - | €-133k | €7k | ▲ 106% |
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
09-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-147k
Net result drops to €-147k, the lowest in the series.
09-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
08-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 8 days late
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, Genk
Ground area
3.6 ha
Building footprint
1.5 ha
Volume, LiDAR
142,625 m³
Parcel 71304E0735/00B015, Flanders · tallest building 12.1 m, ±3 floors. Linked by address, not a title deed.
13
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71304E0735/00B015 | Flanders | 3.6 ha | 1 · 1.5 ha | 12.1 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
2024 · 1 entry · 11,344 EUR awarded · 11,344 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 11,344 EUR | 11,344 EUR |
Schemes
Premie voor buitensporige opgravingskosten bij verplicht archeologisch onderzoek
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 9,143 companies in sector 68201 we hold annual accounts for 6,764. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-08-2023
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
Scores and ratios are computed by Checked and are not a credit decision.