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Generated 19-07-2026
Active BE 0807.014.066Private limited company

SAR-CO

Klipsenstraat 26 ·9160 Lokeren, Belgium· 17 yrs active
Sector: NACE 93199 (93199)
Conclusion Checked

The computed 12-month bankruptcy probability of SAR-CO is 0.2% (very low). The 2025 annual accounts show equity of €6.63M and a net result of €851k. Equity is growing by ~14.9% per year across the filed fiscal years. Its solvency ranks better than 84% of 52 sector peers (fiscal year 2025). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.
Key figures
Equity €6.63M
Net result €851k
Better than sector 84%
Active 17 yrs
Snowflake analysis 5 axes · computed by Checked
Health93Profitability64Solvency100Growth52Stability100
82 / 100

Exceptional profile, strong across almost every axis.

Health 93
Profitability 64
Solvency 100
Growth 52
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
0.2% Very low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector −Annual accounts: healthy financial profile −Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
Established
Founded in 2008, 17 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2025 · computed
93 / 100 Excellent
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 09-03-2026 with the NBB · fiscal year 2025 · verkort
€0€500k€1.00M€1.50M€2.00MOperating result 2021: €1.99M€1.99MNet result 2021: €1.58M€1.58MOperating result 2022: €1.92M€1.92MNet result 2022: €1.32M€1.32MOperating result 2023: €1.87M€1.87MNet result 2023: €1.33M€1.33MOperating result 2024: €1.34M€1.34MNet result 2024: €971k€971kOperating result 2025: €1.20M€1.20MNet result 2025: €851k€851k20212022202320242025
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~14.9%/year over 7 fiscal years, indicative, assuming unchanged policy.
€2.00M€4.00M€6.00M€8.00M€10.00M2026: €7.92M (€7.39M - €8.45M)2027: €8.65M (€8.12M - €9.18M)2028: €9.38M (€8.85M - €9.91M)2019: €2.80M2020: €3.08M2021: €4.30M2022: €4.91M2023: €6.24M2024: €6.50M2025: €6.63M2019202020212022202320242025202620272028
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2025 · NACE 93 · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency 66.7% 22.5%
better than 84% of 52 sector peers
Net result €851k €23k
better than 95% of 52 sector peers
Equity €6.63M €128k
better than 95% of 52 sector peers
Gross operating margin €1.62M €433k
better than 94% of 52 sector peers
Employees (FTE) 0.0 7.0
better than 8% of 35 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€1.56M
-1.6% far above sector median
Net profit
€851k
-12.4% far above sector median
Cash flow
€1.21M
-0.1% far above sector median
Total assets
€9.95M
+25.9% far above sector median
Equity
€6.63M
+2.1% far above sector median
Working capital
€4.11M
-14.2% far above sector median
Employees (FTE)
0
- -100% vs sector
Income taxes
€338k
-9.3% far above sector median
Dividends
€714k
0.0% 19-25
Debt
€3.28M
+139.1% far above sector median
Debt ≤ 1y
€1.06M
+64.0% far above sector median
Debt > 1y
€2.22M
+205.0% far above sector median
Current ratio
4.88
-42.0% +40% vs sector
Quick ratio
4.88
-42.0% +61% vs sector
Solvency
66.7%
-18.9% -7% vs sector
Debt / equity
0.50
+134.2% +24% vs sector
ROE
12.8%
-14.2% far above sector median
ROA
8.6%
-30.4% far above sector median
Interest coverage
36.80
-34.2% -75% vs sector
Figures by fiscal year
Fiscal year2025
Revenue-
EBITDA€1.56M
Net profit€851k
Cash flow€1.21M
Staff costs-
Income taxes€338k
Dividends€714k
Total assets€9.95M
Equity€6.63M
Debt€3.28M
of which ≤ 1y€1.06M
of which > 1y€2.22M
Working capital€4.11M
Employees (FTE)0.0
Ratios (computed)
2025
Current ratio4.88
Quick ratio4.88
Working capital ratio41.3%
Solvency66.7%
Debt / equity0.50
Long-term debt ratio0.33
Interest coverage36.80
Gross margin-
Net margin-
ROA8.6%
ROE12.8%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€9.95M
Fixed assets 21/28€4.78M
Tangible fixed assets 22/27€4.78M
Financial fixed assets 28€135
Current assets 29/58€5.17M
Amounts receivable within one year 40/41€2.52M
Investments 50/53€1.15M
Cash & bank 54/58€943k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€9.95M
Equity 10/15€6.63M
Contributions / capital 10/11€7k
Reserves 13€6.63M
Accumulated profits (losses) 14€0
Provisions & deferred taxes 16€31k
Amounts payable 17/49€3.28M
Amounts payable after one year 17€2.22M
Amounts payable within one year 42/48€1.06M
Trade debts payable within one year 44€133k
Income statement
Gross operating margin 9900€1.62M
Operating result 9901€1.20M
Financial income 75€30k
Financial charges 65€42k
Result before taxes 9903€1.19M
Income taxes 67/77€338k
Net result for the period 9904€851k
Result to be appropriated 9905€857k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary 93199
Legal form Private limited company(610)
Incorporation10-10-2008
StatusActive
Postal code9160
Establishment units 1 location
Sar-Co
Klipsenstraat 26, 9160 LokerenBouw van autowegen en andere wegen
since 20082.174.787.411
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
46014A0225/00T000 Flanders 3,724 m² 1 · 1,238 m² 7.3 m · 2 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026
09-03-2026
NBB filing Annual accounts filed
fiscal year 2025 · verkort
2025
06-01-2025
NBB filing Annual accounts filed
fiscal year 2024 · verkort
2023
19-12-2023
NBB filing Annual accounts filed
fiscal year 2023 · verkort
29-11-2023
State Gazette act Director changes
Filip Van der Cruysse
12-01-2023
NBB filing Annual accounts filed
fiscal year 2022 · verkort
2022
17-01-2022
NBB filing Annual accounts filed
fiscal year 2021 · verkort
2021
14-01-2021
NBB filing Annual accounts filed
fiscal year 2020 · verkort
2020
31-01-2020
NBB filing Annual accounts filed
fiscal year 2019 · verkort
2019
30-01-2019
NBB filing Annual accounts filed
fiscal year 2018 · verkort
2018
31-01-2018
NBB filing Annual accounts filed
fiscal year 2017 · verkort
2017
07-02-2017
NBB filing Annual accounts filed
fiscal year 2016 · verkort
Belgisch Staatsblad, acts 1 acts
All acts · 1 updated 2 years ago
2023
29-11-2023 SARI Recep appointed as director Director changes·Filip Van der Cruysse
  • SARI Recep, Bestuurder
Notary: Filip Van der Cruysse · Lokeren
Technical details 
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  "act_meta": {
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
AI due-diligence brief Checked AI

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Company registry (CBE) Crossroads Bank
Activities
Overige sportactiviteiten, n.e.g.93199Overige sportactiviteiten, neg93199Bouwrijp maken van terreinen43120Bouwrijp maken van terreinen43120Handel in eigen onroerend goed68100Handel in eigen onroerend goed68110Verhuur en exploitatie van eigen of geleasd residentieel onroerend goed, exclusief sociale woningen68201Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen68201Verhuur en exploitatie van eigen of geleasd niet-residentieel onroerend goed, exclusief terreinen68203Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen68203Beheer van residentieel onroerend goed voor een vast bedrag of op contractbasis68321Activiteiten van syndici van onroerend goed68321Beheer van niet-residentieel onroerend goed voor een vast bedrag of op contractbasis68322Verhuur en lease van personenauto's en lichte bestelwagens (< 3,5 ton)77110Verhuur en lease van personenauto’s en andere lichte motorvoertuigen77110Verhuur en lease van vrachtwagens en overige motorvoertuigen (> 3,5 ton)77120Verhuur en lease van vrachtwagens77120
Primary activity highlighted.
Names & trade names
Legal nameNL SAR-CO
Registered office
Klipsenstraat 26
9160 Lokeren, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative