SARA (0450.330.913): financials and annual accounts

SARA

Woluwe-Saint-Lambert ·KBO/BCE: BE 0450.330.913

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
Total assets`20/58`	111,665	100,486	100,644	110,752	79,889	67,310	76,143	84,724	92,736	68,469	99,050	99,410	47,924	37,136	31,209	39,122	10,125	13,563	119,967	53,861
Fixed assets`21/28`	1,549	1,549	1,549	1,549	1,549	1,549	1,549	1,549	1,549	1,662	1,775	1,888	2,001	1,549	1,549	1,610	1,911	2,641	3,371	2,446
Tangible fixed assets`22/27`	0	0	0	0	0	0	0	0	0	113	226	339	451	0	0	61	361	1,091	1,821	897
Plant, machinery and equipment`23`	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	61	209	356	504	346
Furniture and vehicles`24`	-	-	-	-	-	-	-	-	-	113	226	339	451	-	-	-	153	735	1,318	551
Financial fixed assets`28`	1,549	1,549	1,549	1,549	1,549	1,549	1,549	1,549	1,549	1,549	1,549	1,549	1,549	1,549	1,549	1,549	1,549	1,549	1,549	1,549
Current assets`29/58`	110,116	98,936	99,095	109,202	78,340	65,761	74,594	83,175	91,187	66,807	97,275	97,522	45,923	35,586	29,659	37,512	8,214	10,922	116,596	51,415
Stocks and contracts in progress`3`	89,288	83,999	79,810	63,322	48,852	43,517	49,152	54,411	51,811	45,275	40,384	48,867	10,922	14,577	6,500	28,384	5,543	-	54,206	30,929
Stocks`30/36`	89,288	83,999	79,810	63,322	48,852	43,517	49,152	54,411	51,811	45,275	40,384	48,867	10,922	14,577	6,500	28,384	5,543	-	54,206	30,929
Amounts receivable within one year`40/41`	6,406	8,147	6,897	26,851	13,451	11,807	13,594	14,766	26,218	8,244	39,403	36,776	16,821	408	342	-	1,054	9,140	61,383	18,838
Trade receivables`40`	5,870	6,650	930	1,488	2,815	665	2,100	2,100	12,965	-	32,500	31,500	10,950	-	-	-	-	-	-	6,000
Other amounts receivable`41`	536	1,497	5,967	25,363	10,636	11,142	11,494	12,666	13,253	8,244	6,903	5,276	5,871	408	342	-	1,054	9,140	61,383	12,838
Cash at bank and in hand`54/58`	14,422	6,790	12,388	19,029	16,036	10,437	11,848	13,998	13,158	13,288	17,488	11,880	18,181	20,601	22,817	9,128	1,618	1,783	1,008	1,648
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	111,665	100,486	100,644	110,752	79,889	67,310	76,143	84,724	92,736	68,469	99,050	99,410	47,924	37,136	31,209	39,122	10,125	13,563	119,967	53,861
Equity`10/15`	54,324	57,189	55,059	59,355	66,071	57,129	52,365	44,869	36,155	33,241	26,968	22,847	18,860	13,370	3,640	2,107	-1,278	1,565	-2,660	-14,040
Contributions`10/11`	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592
Issued capital`100`	-	-	-	-	-	-	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592	18,592
Contributions outside capital`11`	-	-	-	18,592	18,592	18,592	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share premium`1100/10`	-	-	-	18,592	18,592	18,592	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reserves`13`	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,859	1,778	1,504	1,017	941	771	771	560	560
Non-distributable reserves`130/1`	1,859	1,859	1,859	1,859	1,859	1,859	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	-	1,859	1,859	1,859	1,859	1,859	1,859	1,778	1,504	1,017	941	771	771	560	560
Reserves not available under the articles`1311`	1,859	1,859	1,859	1,859	1,859	1,859	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Profit (loss) carried forward`14`	33,872	36,738	34,607	38,904	45,619	36,678	31,914	24,418	15,704	12,790	6,517	2,395	-1,511	-6,725	-15,970	-17,425	-20,642	-17,799	-21,812	-33,192
Amounts payable`17/49`	57,342	43,296	45,585	51,396	13,819	10,181	23,778	39,855	56,581	35,228	72,082	76,564	29,065	23,765	27,569	37,015	11,404	11,998	122,627	67,900
Amounts payable after more than one year`17`	-	-	-	-	-	-	-	-	-	-	-	6,105	6,105	6,105	6,105	6,105	-	-	-	-
Other amounts payable`178/9`	-	-	-	-	-	-	-	-	-	-	-	6,105	6,105	6,105	6,105	6,105	-	-	-	-
Amounts payable within one year`42/48`	57,342	43,296	45,585	51,396	13,819	10,181	23,778	39,855	56,581	35,228	72,082	70,459	22,960	16,900	20,704	30,033	10,668	11,634	122,627	67,900
Trade debts`44`	44,392	33,712	40,808	30,873	11,295	3,208	3,991	4,287	21,455	14,951	68,309	61,947	22,101	10,847	12,851	22,247	7,985	5,116	113,978	66,399
Suppliers`440/4`	44,392	33,712	40,808	30,873	11,295	3,208	3,991	4,287	21,455	14,951	68,309	61,947	22,101	10,847	12,851	22,247	7,985	5,116	113,978	66,399
Taxes, remuneration and social security`45`	-	-	-	2,524	2,524	6,973	19,788	35,568	35,126	20,277	1,551	1,903	859	6,052	3,007	7,786	2,683	6,172	4,047	1,501
Taxes`450/3`	-	-	-	-	-	-	4,141	4,155	3,921	2,406	1,551	-	-	2,500	1,236	3,288	2,683	3,868	1,297	570
Remuneration and social security`454/9`	-	-	-	2,524	2,524	6,973	15,647	31,413	31,204	17,871	-	1,903	859	3,552	1,771	4,498	-	2,304	2,750	932
Other amounts payable`47/48`	12,950	9,584	4,777	18,000	-	-	-	-	-	-	2,222	6,609	-	-	4,846	-	-	347	4,602	-
Accrued charges and deferred income`492/3`	-	-	-	-	-	-	-	-	-	-	-	-	-	760	760	876	736	364	-	-
Income statement
Turnover`70`	-	-	-	243,285	213,505	176,135	356,871	266,155	317,029	293,659	307,966	193,873	324,138	349,638	232,376	165,069	41,882	107,344	543,829	263,207
Non-recurring operating income`76A`	-	-	-	-	-	7,094	2,120	1,800	2,057	1,800	56	-	1,040	-	-	-	-	-	-	-
Gross operating margin`9900`	-5,066	-3,492	-5,887	-6,499	3,483	1,275	16,258	28,887	36,164	43,219	31,802	33,195	37,741	16,951	3,098	9,366	-2,027	8,828	16,471	25,565
Goods, raw materials, services and sundry goods`60/61`	-	-	-	249,785	210,022	181,954	342,734	239,068	282,921	252,240	276,330	160,678	286,396	332,686	229,277	155,703	43,908	98,517	527,358	237,642
Remuneration, social security and pensions`62`	-	-	-	-	-	-	6,058	18,471	31,189	35,652	31,067	26,785	30,597	4,078	-	5,172	-	-	3,115	22,214
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	-	-	-	-	-	-	-	-	113	113	113	113	113	-	61	300	730	730	527	362
Other operating charges`640/8`	66	64	-	57	91	55	839	187	787	-	855	89	215	293	448	320	-	564	1,264	722
Operating profit (loss)`9901`	-5,131	-3,556	-5,887	-6,556	3,393	1,220	9,360	10,230	4,075	7,454	-234	6,209	6,817	12,581	2,589	3,574	-2,757	7,533	11,565	2,267
Financial income`75/76B`	-	5,727	2,524	-	6,500	4,012	458	6	6	480	6,146	191	82	0	80	168	55	24	-	240
Recurring financial income`75`	-	-	-	-	-	12	-	6	6	10	6,146	191	82	0	80	168	55	24	-	240
Non-recurring financial income`76B`	-	5,727	2,524	-	6,500	4,000	458	-	-	470	-	-	-	-	-	-	-	-	-	-
Financial charges`65/66B`	45	41	87	196	295	213	200	203	230	405	210	221	279	391	491	135	122	670	186	11
Recurring financial charges`65`	45	41	87	196	295	213	200	203	230	405	210	221	279	391	491	135	122	670	186	11
Profit (loss) for the period before taxes`9903`	-5,177	2,131	-3,450	-6,753	9,598	5,019	9,618	10,033	3,851	7,529	5,758	6,179	7,659	12,190	2,178	3,608	-2,823	6,888	11,379	2,496
Income taxes`67/77`	-	-	847	-37	657	255	2,122	1,319	937	1,256	1,636	2,192	2,170	2,459	646	222	20	2,663	-	-
Profit (loss) for the period`9904`	-5,177	2,131	-4,297	-6,715	8,941	4,764	7,496	8,714	2,914	6,273	4,122	3,987	5,489	9,731	1,532	3,386	-2,843	4,225	11,379	2,496
Profit (loss) for the period to be appropriated`9905`	-5,177	2,131	-4,297	-6,715	8,941	4,764	7,496	8,714	2,914	6,273	4,122	3,987	5,489	9,731	1,532	3,386	-2,843	4,225	11,379	2,496
Appropriation of the result
Profit (loss) to be appropriated`9906`	33,872	36,738	34,607	38,904	45,619	36,678	31,914	24,418	15,704	12,790	6,517	2,476	-1,236	-6,239	-15,893	-17,256	-20,642	-17,587	-21,812	-33,067
Profit (loss) brought forward from the previous period`14P`	39,049	34,607	38,904	45,619	36,678	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	-	-	-	-	-	-	-	-	-	-	-	81	274	487	77	169	-	211	-	125
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	-	-	81	274	487	77	169	-	211	-	125
Social balance sheet
Average staff (FTE)`9087`	-	-	-	-	-	-	-	0.8	1	1	-	-	-	-	-	-	-	-	0.2	0.9
Hours worked`1013`	-	-	-	-	-	-	-	889	1,748	1,755	-	-	-	-	-	-	-	-	258	1,680
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	31-08-2026	2026-00466156	PDF
31-12-2024	micro format	06-08-2025	2025-00360763	PDF
31-12-2023	micro format	20-08-2024	2024-00351505	PDF
31-12-2022	micro format	08-08-2023	2023-00318709	PDF
31-12-2021	micro format	23-08-2022	2022-20304376	PDF
31-12-2020	micro format	17-08-2021	2021-49900584	PDF
31-12-2019	micro format	20-08-2020	2020-43400192	PDF
31-12-2018	micro format	13-08-2019	2019-46700490	PDF
31-12-2017	micro format	07-08-2018	2018-44600104	PDF
31-12-2016	micro format	10-08-2017	2017-43000523	PDF
31-12-2015	full format	29-08-2016	2016-54000316	PDF
31-12-2014	full format	11-08-2015	2015-41900564	PDF
31-12-2013	full format	20-08-2014	2014-45300118	PDF
31-12-2012	full format	22-07-2013	2013-33800023	PDF
31-12-2011	full format	25-07-2012	2012-35000383	PDF
31-12-2010	full format	26-07-2011	2011-33600547	PDF
31-12-2009	full format	20-07-2010	2010-32100064	PDF
31-12-2008	full format	27-08-2009	2009-66600190	PDF
31-12-2007	full format	23-07-2008	2008-45400387	PDF
31-12-2006	full format	21-08-2007	2007-59400290	PDF
31-12-2005	full format	17-08-2006	2006-64402333	PDF
31-12-2004	full format	18-08-2005	2005-65002916	PDF
31-12-2003	full format	25-10-2004	2004-75403896	PDF
31-12-2002	full format	30-12-2003	2003-87003352	PDF
31-12-2001	full format	10-12-2003	2003-83103739	PDF
31-12-2000	full format	11-12-2003	2003-83301984	PDF
31-12-1999	full format	25-01-2001	2001-02502247	PDF
31-12-1998	full format	27-02-2001	2001-05300618	PDF
31-12-1997	full format	27-02-2001	2001-05300607	PDF
31-12-1996	full format	27-02-2001	2001-05300596	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
EBITDA	-	-	-	-	-	-	-	-	4,188	7,566	-121	6,321	6,929	-	2,651	3,874	-2,027	8,263	12,092	2,629
Cash flow	-	-	-	-	-	-	-	-	3,027	6,386	4,234	4,100	5,602	-	1,593	3,686	-2,113	4,955	11,907	2,858
Investment in fixed assets (approximation)	-	-	-	-	-	-	-	-	0	0	0	0	564	-	0	0	0	0	1,452	432
Change in cash	7,632	-5,598	-6,641	2,993	5,599	-1,411	-2,150	841	-130	-4,200	5,608	-6,301	-2,421	-2,216	13,689	7,509	-165	775	-640	-
Working capital	52,774	55,640	53,509	57,806	64,521	55,580	50,816	43,320	34,606	31,579	25,193	27,064	22,964	18,686	8,956	7,478	-2,453	-712	-6,031	-16,486
EBIT margin	-	-	-	-2.7%	1.6%	0.7%	2.6%	3.8%	1.3%	2.5%	-0.1%	3.2%	2.1%	3.6%	1.1%	2.2%	-6.6%	7.0%	2.1%	0.9%
Solvency	48.6%	56.9%	54.7%	53.6%	82.7%	84.9%	68.8%	53.0%	39.0%	48.5%	27.2%	23.0%	39.4%	36.0%	11.7%	5.4%	-12.6%	11.5%	-2.2%	-26.1%
Current ratio	1.92	2.29	2.17	2.12	5.67	6.46	3.14	2.09	1.61	1.90	1.35	1.38	2.00	2.11	1.43	1.25	0.77	0.94	0.95	0.76
Quick ratio	0.36	0.35	0.42	0.89	2.13	2.18	1.07	0.72	0.70	0.61	0.79	0.69	1.52	1.24	1.12	0.30	0.25	0.94	0.51	0.30
Debt to equity	1.06	0.76	0.83	0.87	0.21	0.18	0.45	0.89	1.56	1.06	2.67	3.35	1.54	1.78	7.57	17.56	-	7.67	-	-
ROE	-9.5%	3.7%	-7.8%	-11.3%	13.5%	8.3%	14.3%	19.4%	8.1%	18.9%	15.3%	17.5%	29.1%	72.8%	42.1%	160.7%	-	270.0%	-	-
ROA	-4.6%	2.1%	-4.3%	-6.1%	11.2%	7.1%	9.8%	10.3%	3.1%	9.2%	4.2%	4.0%	11.5%	26.2%	4.9%	8.7%	-28.1%	31.2%	9.5%	4.6%
Customer credit	-	-	-	2 days	5 days	1 day	2 days	3 days	15 days	10 days	39 days	59 days	12 days	0 days	1 day	-	9 days	31 days	41 days	8 days
Supplier credit	-	-	-	45 days	20 days	6 days	4 days	7 days	28 days	22 days	90 days	141 days	28 days	12 days	20 days	52 days	66 days	19 days	79 days	102 days

SARA

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency48.6%

Current ratio1.92

Return on assets-4.6%

Staff

Staff cost per FTE

Blue and white collar

Filed annual accounts

Filings

Key figures and ratios

Insights on SARA

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