SAPNET
ActiveSAPNET has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.01M and a net result of €-11k. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 67% of 16906 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
78
/ 100
Excellent▲ +8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency95▼-3
Growth52=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity ample (current ratio 1.78 against 1.92 in 2024), and 25.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 62
Relative position
BE, all sectors
reference
Sector 62
lower
← 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
74.6%
Return on assets
-0.8%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
8 d late
2023
21 d late
2022
30 d late
2021
65 d late
2020
32 d early
2019
14 d late
← before the deadline
after the deadline →
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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€1.01M▼ 1.1%
2024 · €1.02M
2018: €969k
2019: €1.02M
2020: €982k
2021: €1.00M
2022: €1.09M
2023: €1.04M
2024: €1.02M
2018 → 2025
Total assets
€1.36M▼ 4.1%
2024 · €1.41M
2018: €990k
2019: €1.05M
2020: €1.03M
2021: €1.11M
2022: €1.14M
2023: €1.47M
2024: €1.41M
2018 → 2025
Net result
€-11k▲ 23.6%
2024 · €-15k
2018: €59k
2019: €54k
2020: €61k
2021: €83k
2022: €91k
2023: €829
2024: €-15k
2018 → 2025
Working capital
€54k▼ 26.9%
2024 · €74k
2018: €229k
2019: €320k
2020: €307k
2021: €349k
2022: €458k
2023: €84k
2024: €74k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.00M-€1.09M▲ 9.1%€1.04M▼ 4.9%€1.02M▼ 1.4%€1.01M▼ 1.1%
Operating result€119k-€129k▲ 8.2%€13k▼ 89.9%€4k▼ 68.5%€3k▼ 32.6%
Net result€83k-€91k▲ 9.5%€829▼ 99.1%€-15k€-11k▲ 23.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 33% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.36M
Fixed assets
€1.23M▼ 2.1%
Current assets
€123k▼ 20.2%
Equity and liabilities €1.36M
Equity
€1.01M▼ 1.1%
Debt
€345k▼ 11.8%
The debt ratio falls from 27.7% to 25.4%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€51k▲
2024 · €51k
Cash flow
€37k▲
2024 · €32k
Solvency
74.6%▲
2024 · 72.3%
Current ratio
1.78▼
2024 · 1.92
Quick ratio
1.78▼
2024 · 1.92
Debt / equity
0.34▼
2024 · 0.38
ROE
-1.1%▲
2024 · -1.4%
ROA
-0.8%▲
2024 · -1.0%
Interest coverage
3.73▲
2024 · 3.45
Debt
€345k▼
2024 · €391k
Debt ≤ 1 year
€69k▼
2024 · €80k
Debt > 1 year
€274k▼
2024 · €311k
Income taxes
€264▼
2024 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.41M€1.36M▼
Fixed assets21/28€1.26M€1.23M▼
Tangible fixed assets22/27€1.26M€1.23M▼
Land and buildings22€1.24M€1.20M▼
Plant, machinery and equipment23€10k€10k▼
Furniture and vehicles24€8k€21k▲
Financial fixed assets28€2k€2k=
Current assets29/58€154k€123k▼
Amounts receivable within one year40/41€27k€57k▲
Trade receivables40€15k€41k▲
Other amounts receivable41€11k€17k▲
Cash at bank and in hand54/58€127k€56k▼
Deferred charges and accrued income490/1€322€10k▲
Equity and liabilities
Total equity and liabilities10/49€1.41M€1.36M▼
Equity10/15€1.02M€1.01M▼
Contributions10/11€19k€19k=
Reserves13€481k€481k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€0▼
Other1319-€2k
Distributable reserves133€479k€479k=
Profit (loss) carried forward14€524k€513k▼
Amounts payable17/49€391k€345k▼
Amounts payable after more than one year17€311k€274k▼
Financial debts170/4€311k€274k▼
Amounts payable within one year42/48€80k€69k▼
Current portion of amounts payable after more than one year42€35k€37k▲
Trade debts44€9k€9k▼
Suppliers440/4€9k€9k▼
Taxes, remuneration and social security45€5k€1k▼
Taxes450/3€5k€1k▼
Other amounts payable47/48€30k€22k▼
Accrued charges and deferred income492/3-€2k
Income statement
Code20242025
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47k€49k▲
Other operating charges640/8€3k€11k▲
Non-recurring operating charges66A€27€0▼
Gross operating margin9900€54k€63k▲
Operating profit (loss)9901€4k€3k▼
Financial income75/76B€1€36▲
Recurring financial income75€1€36▲
Financial charges65/66B€15k€14k▼
Recurring financial charges65€15k€14k▼
Profit (loss) for the period before taxes9903€-11k€-11k▼
Income taxes67/77€4k€264▼
Profit (loss) for the period9904€-15k€-11k▲
Profit (loss) for the period to be appropriated9905€-15k€-11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€524k€513k▼
Profit (loss) brought forward from the previous period14P€539k€524k▼
Transfer from equity791/2€0-
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
08-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 8 days late
2024
31-12
Financial
Weakest financial yearnet €-15k ▼1876%
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Highest result since 2018net €91k ▲9.5%
Operating result €129k, net result €91k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 10.35
Current ratio from 4.12 to 10.35; short-term debt falls from €112k to €49k.
04-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 65 days late
2021
31-12
Financial
Equity above €1MEq €1.00M ▲1.8%
4 profitable years in a row build equity to €1.00M.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
14-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 14 days late
2019
31-12
Financial
Equity above €1MEq €1.02M ▲5.6%
2 profitable years in a row build equity to €1.02M.
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
15-06
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.
Directors · office · real estate
Directors
2 acts for this company are 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, Wingene · 1 establishment unit since 2006
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.
Futselstraat 168750 WingeneGround area
341 m²
Building footprint
126 m²
Volume, LiDAR
785 m³
Parcel 37018D1793/00M000, Flanders · tallest building 10.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Sapnet
since 20062.151.417.042
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37018D1793/00M000 | Flanders | 341 m² | 1 · 126 m² | 10.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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POMEROY IT SOLUTIONS BELGIUM
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PRAGYA CONSULTING SERVICES
BE 0719.659.925
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Of 29,885 companies in sector 62200 we hold annual accounts for 18,321. 8,440 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-01-2006
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
72100
63100Computing infrastructure, data processing, hosting and related activities
63110Computing infrastructure, data processing, hosting and other information service activities
72400
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.