SARATOGA
ActiveSARATOGA has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €416k and a net result of €4k. Equity is shrinking by ~12.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
69
/ 100
Healthy▲ +32 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability5▲+5
Solvency100=
Growth58▲+26
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
0% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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
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
100%
Return on assets
1%
Age of the figures
8 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 31-08-2026, 31 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
31 d late
2024
10 d early
2023
20 d early
2022
24 d late
2021
29 d late
2020
8 d early
2019
70 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€416k▲ 1.0%
2024 · €412k
2018: €974k
2019: €939k
2020: €1.40M
2021: €415k
2022: €442k
2023: €428k
2024: €412k
2018 → 2025
Total assets
€416k▲ 1.0%
2024 · €412k
2018: €974k
2019: €944k
2020: €1.59M
2021: €717k
2022: €449k
2023: €431k
2024: €412k
2018 → 2025
Net result
€4k
2024 · €-16k
2018: €-6k
2019: €-35k
2020: €459k
2021: €-23k
2022: €27k
2023: €-15k
2024: €-16k
2018 → 2025
Working capital
€221k▼ 6.2%
2022 · €236k
2019: €208k
2020: €1.19M
2021: €209k
2022: €236k
2019 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€415k-€442k▲ 6.6%€428k▼ 3.3%€412k▼ 3.7%€416k▲ 1.0%
Operating result€-30k-€25k€-14k€-16k▼ 13.9%€3k
Net result€-23k-€27k€-15k€-16k▼ 10.1%€4k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €3k after a loss of €16k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €416k
Fixed assets
€207k▲ 0.4%
Current assets
€209k▲ 1.5%
Key figures and ratios
EBITDA
€3k
Cash flow
€4k
Solvency
100.0%=
2024 · 100.0%
ROE
1.0%▲
2024 · -3.9%
ROA
1.0%▲
2024 · -3.9%
Interest coverage
120.64
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€412k€416k▲
Fixed assets21/28€207k€207k▲
Tangible fixed assets22/27€207k€207k▲
Land and buildings22€207k€207k=
Furniture and vehicles24-€891
Current assets29/58€205k€209k▲
Amounts receivable after more than one year29€13k€4k▼
Other amounts receivable291€13k€4k▼
Amounts receivable within one year40/41€16k€29k▲
Other amounts receivable41€16k€29k▲
Cash at bank and in hand54/58€176k€176k▼
Deferred charges and accrued income490/1€86€88▲
Equity and liabilities
Total equity and liabilities10/49€412k€416k▲
Equity10/15€412k€416k▲
Contributions10/11€19k€19k=
Outside capital11€19k-
Other1109/19€19k-
Reserves13€411k€411k=
Distributable reserves133€411k€411k=
Profit (loss) carried forward14€-19k€-15k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€103
Other operating charges640/8€3k€4k▲
Gross operating margin9900€-13k€7k▲
Operating profit (loss)9901€-16k€3k▲
Financial income75/76B€515€779▲
Recurring financial income75€515€779▲
Financial charges65/66B€43€28▼
Recurring financial charges65€43€28▼
Profit (loss) for the period before taxes9903€-16k€4k▲
Profit (loss) for the period9904€-16k€4k▲
Profit (loss) for the period to be appropriated9905€-16k€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-19k€-15k▲
Profit (loss) brought forward from the previous period14P€-3k€-19k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Back to profitnet €4k
Net result €4k after 2 loss-making years.
21-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 84.30
Current ratio from 36.86 to 84.30; short-term debt falls from €7k to €3k.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
31-12
Financial
Back to profitnet €27k
Net result €27k after one loss-making year.
31-12
Financial
Liquidity times 22current ratio 36.86
Current ratio from 1.69 to 36.86; short-term debt falls from €302k to €7k.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €459k
Net result €459k after 2 loss-making years.
31-12
Financial
Equity above €1MEq €1.40M ▲48.8%
Equity rises from €939k to €1.40M.
09-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 70 days late
2019
31-12
Financial
Weakest financial yearnet €-35k
Net result drops to €-35k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
28-07
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.
Directors · office · real estate
Directors
4 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, Gent
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Bomastraat 19000 GentGround area
177 m²
Building footprint
115 m²
Volume, LiDAR
537 m³
Parcel 44021A2830/00A002, Flanders · tallest building 6.5 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44021A2830/00A002 | Flanders | 177 m² | 1 · 115 m² | 6.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-04-1994
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.