SAPPERLOOT
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 2 days after the deadline Filed on 2 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00026959.
Annual accounts 2025 filed on 02-02-2026 PDF all 2 filings
Amounts without an identifiable currency are taken as euros.
Every figure per financial year
The operating result for 2025 is 63% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 30-06-2024 | 30-06-2025 |
|---|---|---|
| Tangible fixed assets | - | €2,500 |
| Depreciation and write-downs of the year | - | €281 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €281 | - |
| Other operating charges640/8 | €230 | - | - |
| Gross operating margin9900 | €17,093 | €6,439 | ▼ 62.3% |
| Operating profit (loss)9901 | €16,863 | €6,158 | ▼ 63.5% |
| Financial income75/76B | - | €274 | - |
| Recurring financial income75 | - | €274 | - |
| Non-recurring financial income76B | - | €274 | - |
| Profit (loss) for the period before taxes9903 | €16,863 | €6,432 | ▼ 61.9% |
| Income taxes67/77 | €3,373 | €1,286 | ▼ 61.9% |
| Profit (loss) for the period9904 | €13,491 | €5,145 | ▼ 61.9% |
| Profit (loss) for the period to be appropriated9905 | €13,491 | €5,145 | ▼ 61.9% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €33,526 | €54,648 | ▲ 63.0% |
| Fixed assets21/28 | - | €2,219 | - |
| Tangible fixed assets22/27 | - | €2,219 | - |
| Plant, machinery and equipment23 | - | €2,219 | - |
| Current assets29/58 | €33,526 | €52,429 | ▲ 56.4% |
| Amounts receivable within one year40/41 | €5,371 | €31,287 | ▲ 483% |
| Trade receivables40 | €5,371 | €30,622 | ▲ 470% |
| Other amounts receivable41 | - | €665 | - |
| Cash at bank and in hand54/58 | €28,155 | €20,102 | ▼ 28.6% |
| Deferred charges and accrued income490/1 | - | €1,040 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €33,526 | €54,648 | ▲ 63.0% |
| Equity10/15 | €23,491 | €28,636 | ▲ 21.9% |
| Contributions10/11 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €13,491 | €18,636 | ▲ 38.1% |
| Amounts payable17/49 | €10,035 | €26,012 | ▲ 159% |
| Amounts payable within one year42/48 | €10,035 | €26,012 | ▲ 159% |
| Trade debts44 | €5,890 | €26,012 | ▲ 342% |
| Suppliers440/4 | €5,890 | €26,012 | ▲ 342% |
| Taxes, remuneration and social security45 | €4,146 | - | - |
| Taxes450/3 | €4,146 | - | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €13,491 | €5,145 | ▼ 61.9% |
| + Depreciation and write-downs630 | - | €281 | - |
| Operating cash flow (approximation) | €13,491 | €5,426 | ▼ 59.8% |
| Change in cash | - | -€8,053 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 39,278 companies had the same profile as SAPPERLOOT has now. Two years later, 95.9% were still going and 1.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of SAPPERLOOT itself: 1.5% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 39,278 companies, not a prediction for SAPPERLOOT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.