SARACO
ActiveSummary
SARACO has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €221,080 and a net result of €96,036. Equity is growing by ~12.9% per year across the filed fiscal years. Its solvency ranks better than 64% of 18626 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability96▲+11
Solvency75▲+19
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity ample (current ratio 1.81 against 1.28 in 2024; short-term debt: 49.8% and cash: 24.1% of total assets), and 49.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
50.2%
Return on assets
21.8%
Age of the figures
9 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 20-08-2026, 20 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
20 d late
2024
1 d early
2023
114 d late
2022
5 d early
2021
31 d late
2020
30 d late
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 27 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 20 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€221,080▲ 62.0%
2024 · €136,445
Total assets
€440,220▼ 0.1%
2024 · €440,716
Net result
€96,036▲ 63.3%
2024 · €58,812
Working capital
€176,754▲ 108%
2024 · €85,115
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€86,260▲ 218%€44,407▼ 48.5%€73,997▲ 66.6%€92,345▲ 24.8%€138,244▲ 49.7%
Net result€62,018above the sector's middle half▲ 447%€25,624above the sector's middle half▼ 58.7%€43,235above the sector's middle half▲ 68.7%€58,812above the sector's middle half▲ 36.0%€96,036above the sector's middle half▲ 63.3%
Equity€179,773above the sector's middle half▲ 52.7%€205,398above the sector's middle half▲ 14.3%€222,633above the sector's middle half▲ 8.4%€136,445above the sector's middle half▼ 38.7%€221,080above the sector's middle half▲ 62.0%
Total assets€341,873above the sector's middle half▼ 42.0%€425,292above the sector's middle half▲ 24.4%€389,130above the sector's middle half▼ 8.5%€440,716above the sector's middle half▲ 13.3%€440,220above the sector's middle half▼ 0.1%
Debt€162,100▼ 65.6%€219,894▲ 35.7%€166,497▼ 24.3%€304,270▲ 82.7%€219,141▼ 28.0%
Working capital€148,714above the sector's middle half▲ 73.2%€182,068above the sector's middle half▲ 22.4%€198,687above the sector's middle half▲ 9.1%€85,115above the sector's middle half▼ 57.2%€176,754above the sector's middle half▲ 108%
Solvency52.6%within the sector's middle half▲ 32.6pp48.3%within the sector's middle half▼ 4.3pp57.2%within the sector's middle half▲ 8.9pp31.0%within the sector's middle half▼ 26.3pp50.2%within the sector's middle half▲ 19.3pp
Current ratio1.94within the sector's middle half▲ 0.751.83within the sector's middle half▼ 0.112.19within the sector's middle half▲ 0.361.28within the sector's middle half▼ 0.911.81within the sector's middle half▲ 0.53
Return on assets (ROA)18.1%above the sector's middle half▲ 16.2pp6.0%within the sector's middle half▼ 12.1pp11.1%within the sector's middle half▲ 5.1pp13.3%above the sector's middle half▲ 2.2pp21.8%above the sector's middle half▲ 8.5pp
Staff (FTE)6.3=7▲ 11.1%8.7▲ 24.3%10.6▲ 21.8%8.9▼ 16.0%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 50% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €440,220
Fixed assets
€44,325 ▼ 13.6%
Current assets
€395,895 ▲ 1.7%
Equity and liabilities €440,220
Equity
€221,080 ▲ 62.0%
Debt
€219,141 ▼ 28.0%
Debt's share of the balance-sheet total falls from 69.0% to 49.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€145,851▲
2024 · €98,948
Cash flow
€103,644▲
2024 · €65,416
Quick ratio
0.73▲
2024 · 0.63
Debt to equity
0.99▼
2024 · 2.23
ROE
43.4%▲
2024 · 43.1%
Interest coverage
11.45▲
2024 · 6.45
Debt ≤ 1 year
€219,141▼
2024 · €304,270
Income taxes
€30,655▲
2024 · €18,810
Staff costs
€81,613▼
2024 · €83,287
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,371 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.5%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,371 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €4,572 | - |
| Remuneration, social security and pensions62 | €68,588 | €66,185 | €78,200 | €83,287 | €81,613 | ▼ 2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,521 | €10,208 | €4,465 | €6,603 | €7,607 | ▲ 15.2% |
| Other operating charges640/8 | €532 | €552 | €592 | €430 | €883 | ▲ 105% |
| Non-recurring operating charges66A | €10,260 | €10,461 | €10,624 | €23,050 | €10 | ▼ 100.0% |
| Gross operating margin9900 | €176,162 | €131,812 | €167,879 | €205,715 | €228,356 | ▲ 11.0% |
| Operating profit (loss)9901 | €86,260 | €44,407 | €73,997 | €92,345 | €138,244 | ▲ 49.7% |
| Financial income75/76B | €2,276 | €3,296 | €1,726 | €621 | €1,184 | ▲ 90.6% |
| Recurring financial income75 | €2,276 | €3,296 | €1,726 | €621 | €1,184 | ▲ 90.6% |
| Financial charges65/66B | €10,347 | €12,864 | €14,552 | €15,343 | €12,737 | ▼ 17.0% |
| Recurring financial charges65 | €10,341 | €12,756 | €13,728 | €15,343 | €12,737 | ▼ 17.0% |
| Non-recurring financial charges66B | €6 | €108 | €824 | - | - | - |
| Profit (loss) for the period before taxes9903 | €78,189 | €34,838 | €61,172 | €77,623 | €126,691 | ▲ 63.2% |
| Income taxes67/77 | €16,170 | €9,214 | €17,936 | €18,810 | €30,655 | ▲ 63.0% |
| Profit (loss) for the period9904 | €62,018 | €25,624 | €43,235 | €58,812 | €96,036 | ▲ 63.3% |
| Profit (loss) for the period to be appropriated9905 | €62,018 | €25,624 | €43,235 | €58,812 | €96,036 | ▲ 63.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €341,873 | €425,292 | €389,130 | €440,716 | €440,220 | ▼ 0.1% |
| Fixed assets21/28 | €34,515 | €24,030 | €23,946 | €51,330 | €44,325 | ▼ 13.6% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €31,642 | €22,907 | €22,332 | €51,080 | €44,075 | ▼ 13.7% |
| Furniture and vehicles24 | €6,405 | €1,450 | €614 | €1,997 | €0 | ▼ 100% |
| Other tangible fixed assets26 | €25,237 | €21,457 | €21,718 | €49,083 | €44,075 | ▼ 10.2% |
| Financial fixed assets28 | €2,873 | €1,123 | €1,615 | €250 | €250 | = |
| Current assets29/58 | €307,358 | €401,261 | €365,184 | €389,386 | €395,895 | ▲ 1.7% |
| Stocks and contracts in progress3 | €176,736 | €161,908 | €198,600 | €198,786 | €236,698 | ▲ 19.1% |
| Stocks30/36 | €176,736 | €161,908 | €198,600 | €198,786 | €236,698 | ▲ 19.1% |
| Amounts receivable within one year40/41 | €61,146 | €122,211 | €29,773 | €69,181 | €50,449 | ▼ 27.1% |
| Trade receivables40 | €25,228 | €76,663 | €6,370 | €57,667 | €49,259 | ▼ 14.6% |
| Other amounts receivable41 | €35,918 | €45,549 | €23,403 | €11,514 | €1,190 | ▼ 89.7% |
| Cash at bank and in hand54/58 | €69,086 | €109,521 | €136,324 | €117,248 | €106,151 | ▼ 9.5% |
| Deferred charges and accrued income490/1 | €390 | €7,621 | €487 | €4,170 | €2,596 | ▼ 37.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €341,873 | €425,292 | €389,130 | €440,716 | €440,220 | ▼ 0.1% |
| Equity10/15 | €179,773 | €205,398 | €222,633 | €136,445 | €221,080 | ▲ 62.0% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €161,181 | €186,806 | €204,041 | €117,853 | €117,853 | = |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | €1,860 | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | €1,860 | - |
| Distributable reserves133 | €159,321 | €184,946 | €204,041 | €117,853 | €115,993 | ▼ 1.6% |
| Profit (loss) carried forward14 | - | - | - | - | €84,634 | - |
| Amounts payable17/49 | €162,100 | €219,894 | €166,497 | €304,270 | €219,141 | ▼ 28.0% |
| Amounts payable after more than one year17 | €3,456 | €701 | - | - | - | - |
| Financial debts170/4 | €3,456 | €701 | - | - | - | - |
| Amounts payable within one year42/48 | €158,644 | €219,193 | €166,497 | €304,270 | €219,141 | ▼ 28.0% |
| Current portion of amounts payable after more than one year42 | €12,567 | €6,791 | €6,544 | €10,165 | €0 | ▼ 100% |
| Financial debts43 | €30,230 | €36,346 | €29,269 | €48,126 | €0 | ▼ 100% |
| Credit institutions430/8 | €30,230 | €36,346 | €29,269 | €48,126 | €0 | ▼ 100% |
| Trade debts44 | €74,806 | €154,833 | €116,985 | €139,882 | €152,038 | ▲ 8.7% |
| Suppliers440/4 | €74,806 | €154,833 | €116,985 | €139,882 | €152,038 | ▲ 8.7% |
| Advances received on contracts in progress46 | - | - | - | - | €5,937 | - |
| Taxes, remuneration and social security45 | €19,963 | €21,223 | €13,699 | €54,598 | €28,220 | ▼ 48.3% |
| Taxes450/3 | €11,156 | €11,492 | €6,226 | €49,450 | €24,662 | ▼ 50.1% |
| Remuneration and social security454/9 | €8,807 | €9,731 | €7,473 | €5,148 | €3,559 | ▼ 30.9% |
| Other amounts payable47/48 | €21,078 | - | - | €51,500 | €32,945 | ▼ 36.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €62,018 | €25,624 | €43,235 | €58,812 | €96,036 | ▲ 63.3% |
| + Depreciation and write-downs630 | €10,521 | €10,208 | €4,465 | €6,603 | €7,607 | ▲ 15.2% |
| Operating cash flow (approximation) | €72,540 | €35,833 | €47,701 | €65,416 | €103,644 | ▲ 58.4% |
| Investment in fixed assets (approximation) | - | €276 | -€4,381 | -€33,987 | -€602 | ▲ 98.2% |
| Change in cash | - | €40,434 | €26,803 | -€19,076 | -€11,097 | ▲ 41.8% |
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
Next filing, fiscal year 2026, expected by
2026
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 20 days late
2025
31-12
Financial
Highest result since 2018net €96,036 ▲63.3%
Operating result €138,244, net result €96,036, both a record.
31-12
Financial
Equity above €200,000Eq €221,080 ▲62%
8 profitable years in a row build equity to €221,080.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 114 days late
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200,000Eq €205,398 ▲14.3%
5 profitable years in a row build equity to €205,398.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Equity above €150,000Eq €179,773 ▲52.7%
4 profitable years in a row build equity to €179,773.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet €11,344 ▼55.8%
Net result drops to €11,344, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
31-12
Financial
Equity above €100,000Eq €106,411 ▲31.8%
2 profitable years in a row build equity to €106,411.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
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.
0 of 2 acts read
About the unread acts
We know of 2 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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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, Charleroi · 1 establishment unit since 1987
Ground area
234 m²
Building footprint
44 m²
Volume, LiDAR
368 m³
Parcel 52050A0517/00V010, Wallonia · tallest building 9.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SARACO
since 19872.031.787.338
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52050A0517/00V010 | Wallonia | 234 m² | 1 · 44 m² | 9.7 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteCharleroi2.031.787.338
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Of 2,341 companies in sector 47621 we hold annual accounts for 1,245. 1,006 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded26-11-1987
Fiscal year end31-12
Activities, NACEBEL 2025
47621Retail sale of newspapers and periodicals
E-invoicing
Reachable via Peppol
Peppol ID
0208:0432524681
Registered
27-08-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.