SAPRO
InactiveInactive; last annual accounts for fiscal year 2025.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 22-09-2025 was due by 22-04-2026 and was filed on 09-04-2026, 13 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
13 d early
2024
36 d early
2023
30 d early
2022
42 d early
2021
4 d early
2020
15 d early
2019
83 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 8 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Which other companies belong to the same group?MIKO · 6 companies
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Turnover
€51,291▼ 96.4%
2022 · €1.4m
EBIT margin
-167.8%▼ 172.4pp
2022 · 4.6%
Net result
-€13,187
2024 · €3,062
Working capital
€256,938▼ 22.5%
2022 · €331,533
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
Line20212022202320242025
Turnover€1.2m▲ 7.4%€1.4m▲ 17.1%€51,291▼ 96.4%
Operating result-€70,178▲ 54.9%€65,859-€86,065-€6,278▲ 92.7%-€7,303▼ 16.3%
Net result-€70,366▲ 54.0%€65,435-€77,657€3,062-€13,187
EBIT margin-5.8%▲ 8.0pp4.6%▲ 10.4pp-167.8%▼ 172.4pp
Equity€268,423▼ 20.8%€333,858▲ 24.4%€256,201▼ 23.3%€259,263▲ 1.2%€246,075▼ 5.1%
Total assets€773,034▲ 45.0%€581,934▼ 24.7%€256,201▼ 56.0%€263,914▲ 3.0%€246,075▼ 6.8%
Debt€504,611▲ 159%€248,076▼ 50.8%€4,652
Working capital€264,004▼ 20.5%€331,533▲ 25.6%€256,938
Staff (FTE)6.6=4.1▼ 37.9%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €7,303 in 2025 against €6,278 in 2024; the loss grows.
Key figures and ratios
Solvency
100.0%▲
2024 · 98.2%
ROE
-5.4%▼
2024 · 1.2%
ROA
-5.4%▼
2024 · 1.2%
Income taxes
€11,821
Staff costs
€1,392
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €1.2m | €1.6m | €51,291 | - | - | - |
| Turnover70 | €1.2m | €1.4m | €51,291 | - | - | - |
| Other operating income74 | €1,661 | €1,372 | - | - | - | - |
| Non-recurring operating income76A | €7,069 | €153,055 | - | €20,641 | - | - |
| Operating charges60/66A | €1.3m | €1.5m | €137,355 | - | - | - |
| Goods for resale, raw materials and consumables60 | €843,715 | €1.0m | €68,292 | - | - | - |
| Purchases600/8 | €867,344 | €781,640 | €22 | - | - | - |
| Change in stocks: decrease (increase)609 | -€23,629 | €227,771 | €68,269 | - | - | - |
| Services and other goods61 | €250,983 | €307,170 | €14,069 | - | - | - |
| Remuneration, social security and pensions62 | €164,765 | €177,345 | €1,124 | - | €1,392 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,093 | €2,093 | - | - | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€2,102 | €9,709 | -€6,867 | - | - | - |
| Other operating charges640/8 | €32,210 | €3,159 | €60,737 | €9,975 | €2,730 | ▼ 72.6% |
| Gross operating margin9900 | - | - | - | €3,697 | -€3,182 | ▼ 186% |
| Operating profit (loss)9901 | -€70,178 | €65,859 | -€86,065 | -€6,278 | -€7,303 | ▼ 16.3% |
| Financial income75/76B | €729 | €268 | €9,367 | €9,616 | €6,089 | ▼ 36.7% |
| Recurring financial income75 | €729 | €268 | €9,367 | €9,616 | €6,089 | ▼ 36.7% |
| Other financial income752/9 | €729 | €268 | €9,367 | - | - | - |
| Financial charges65/66B | €917 | €692 | €959 | €277 | €151 | ▼ 45.3% |
| Recurring financial charges65 | €917 | €692 | €959 | €277 | €151 | ▼ 45.3% |
| Debt charges650 | €540 | €400 | - | - | - | - |
| Other financial charges652/9 | €378 | €292 | €959 | - | - | - |
| Profit (loss) for the period before taxes9903 | -€70,366 | €65,435 | -€77,657 | €3,062 | -€1,366 | ▼ 145% |
| Income taxes67/77 | - | - | - | - | €11,821 | - |
| Profit (loss) for the period9904 | -€70,366 | €65,435 | -€77,657 | €3,062 | -€13,187 | ▼ 531% |
| Profit (loss) for the period to be appropriated9905 | -€70,366 | €65,435 | -€77,657 | €3,062 | -€13,187 | ▼ 531% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €773,034 | €581,934 | €256,201 | €263,914 | €246,075 | ▼ 6.8% |
| Fixed assets21/28 | €4,418 | €2,325 | €2,325 | €2,325 | - | - |
| Tangible fixed assets22/27 | €2,093 | - | - | - | - | - |
| Land and buildings22 | €2,093 | - | - | - | - | - |
| Financial fixed assets28 | €2,325 | €2,325 | €2,325 | €2,325 | - | - |
| Other financial fixed assets284/8 | €2,325 | €2,325 | €2,325 | - | - | - |
| Shares284 | €2,325 | €2,325 | €2,325 | - | - | - |
| Current assets29/58 | €768,616 | €579,609 | €253,876 | €261,589 | €246,075 | ▼ 5.9% |
| Stocks and contracts in progress3 | €296,040 | €68,269 | - | - | - | - |
| Stocks30/36 | €296,040 | €68,269 | - | - | - | - |
| Goods purchased for resale34 | €296,040 | €68,269 | - | - | - | - |
| Amounts receivable within one year40/41 | €440,364 | €432,270 | €241,343 | €237,639 | €238,067 | ▲ 0.2% |
| Trade receivables40 | €434,890 | €273,156 | - | - | - | - |
| Other amounts receivable41 | €5,474 | €159,114 | €241,343 | €237,639 | €238,067 | ▲ 0.2% |
| Cash at bank and in hand54/58 | €31,754 | €78,598 | €12,533 | €23,950 | €1,920 | ▼ 92.0% |
| Deferred charges and accrued income490/1 | €458 | €471 | - | - | €6,089 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €773,034 | €581,934 | €256,201 | €263,914 | €246,075 | ▼ 6.8% |
| Equity10/15 | €268,423 | €333,858 | €256,201 | €259,263 | €246,075 | ▼ 5.1% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €6,200 | €271,200 | €271,200 | €197,200 | €197,200 | = |
| Non-distributable reserves130/1 | €6,200 | €271,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Other1319 | - | €265,000 | - | - | - | - |
| Distributable reserves133 | - | - | €265,000 | €191,000 | €191,000 | = |
| Profit (loss) carried forward14 | €200,223 | €658 | -€76,999 | €63 | -€13,125 | ▼ 21,083% |
| Amounts payable17/49 | €504,611 | €248,076 | - | €4,652 | - | - |
| Amounts payable within one year42/48 | €504,611 | €248,076 | - | €4,652 | - | - |
| Trade debts44 | €476,161 | €225,212 | - | €4,652 | - | - |
| Suppliers440/4 | €476,161 | €225,212 | - | €4,652 | - | - |
| Taxes, remuneration and social security45 | €28,451 | €22,864 | - | - | - | - |
| Taxes450/3 | €1,159 | €1,564 | - | - | - | - |
| Remuneration and social security454/9 | €27,292 | €21,300 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€70,366 | €65,435 | -€77,657 | €3,062 | -€13,187 | ▼ 531% |
| + Depreciation and write-downs630 | €2,093 | €2,093 | - | - | - | - |
| Operating cash flow (approximation) | -€68,273 | €67,528 | -€77,657 | €3,062 | -€13,187 | ▼ 531% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - | - |
| Change in cash | - | €46,844 | -€66,065 | €11,417 | -€22,030 | ▼ 293% |
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
2026
09-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €3,062
Net result €3,062 after one loss-making year.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €65,435
Net result €65,435 after 2 loss-making years.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet -€153,099
Net result drops to -€153,099, the lowest in the series.
22-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 83 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Part of the group
MIKO
6 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
Highest known parent: MIKO. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
The accounts to 22-09-2025 list no holdings, and no other source names one.
According to the annual accounts to 22-09-2025 of SAPRO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.