SARCCO
ActiveSummary
SARCCO has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €237,707 and a net result of €81,890. Equity is shrinking by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 30% of 928 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▼-2
Solvency43▲+8
Growth83▼-2
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity short (current ratio 0.13 against 0.13 in 2024; short-term debt: 67.4% and cash: 4.9% of total assets), and 82% of the assets are financed with debt.
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Signals
Seven 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 77
Relative position
BE, all sectors
reference
Rental and leasing activities (NACE 77)
about 44% 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
18%
Return on assets
6.2%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €237,707
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
30 d early
2023
8 d early
2022
39 d early
2021
48 d early
2020
1 d early
2019
52 d early
← 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 30 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 29 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€525,358▲ 0.2%
2024 · €524,287
EBIT margin
21.9%▼ 4.0pp
2024 · 25.9%
Net result
€81,890▼ 36.0%
2024 · €127,947
Working capital
-€771,158▲ 20.9%
2024 · -€974,813
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 77, Rental and leasing activities, 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
Turnover€235,130€524,287€525,358▲ 0.2%
Operating result-€8,562▼ 124%-€51,239▼ 498%€4,369€135,750▲ 3,007%€115,228▼ 15.1%
Net result-€8,657below the sector's middle half▲ 35.7%-€60,036below the sector's middle half▼ 594%-€5,605below the sector's middle half▲ 90.7%€127,947above the sector's middle half€81,890within the sector's middle half▼ 36.0%
EBIT margin-3.6%25.9%21.9%▼ 4.0pp
Equity€93,512within the sector's middle half▼ 8.5%€33,475within the sector's middle half▼ 64.2%€27,871within the sector's middle half▼ 16.7%€155,817within the sector's middle half▲ 459%€237,707within the sector's middle half▲ 52.6%
Total assets€1.5mabove the sector's middle half▲ 16.7%€1.4mabove the sector's middle half▼ 10.0%€1.5mabove the sector's middle half▲ 11.6%€1.5mabove the sector's middle half▼ 2.2%€1.3mwithin the sector's middle half▼ 11.7%
Debt€1.4m▲ 18.8%€1.3m▼ 6.5%€1.5m▲ 12.3%€1.3m▼ 10.7%€1.1m▼ 19.2%
Working capital-€853,647below the sector's middle half▼ 34.2%-€885,584below the sector's middle half▼ 3.7%-€1.1mbelow the sector's middle half▼ 27.5%-€974,813below the sector's middle half▲ 13.7%-€771,158below the sector's middle half▲ 20.9%
Solvency6.1%within the sector's middle half▼ 1.7pp2.4%below the sector's middle half▼ 3.7pp1.8%below the sector's middle half▼ 0.6pp10.4%within the sector's middle half▲ 8.6pp18.0%within the sector's middle half▲ 7.6pp
Current ratio0.15below the sector's middle half▼ 0.010.12below the sector's middle half▼ 0.020.08below the sector's middle half▼ 0.040.13below the sector's middle half▲ 0.050.13below the sector's middle half=
Return on assets (ROA)-0.6%within the sector's middle half▲ 0.5pp-4.4%below the sector's middle half▼ 3.8pp-0.4%within the sector's middle half▲ 4.0pp8.6%within the sector's middle half▲ 8.9pp6.2%within the sector's middle half▼ 2.4pp
above
within
below
the middle half (P25 to P75) of NACE 77, Rental and leasing activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 15% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.3m
Fixed assets
€1.2m ▼ 10.7%
Current assets
€117,834 ▼ 20.3%
Equity and liabilities €1.3m
Equity
€237,707 ▲ 52.6%
Debt
€1.1m ▼ 19.2%
Debt's share of the balance-sheet total falls from 89.6% to 82.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€296,842▼
2024 · €336,821
Cash flow
€263,505▼
2024 · €329,017
Debt to equity
4.55▼
2024 · 8.59
ROE
34.5%▼
2024 · 82.1%
Interest coverage
23.23▼
2024 · 43.15
Debt ≤ 1 year
€888,992▼
2024 · €1.1m
Debt > 1 year
€192,817▼
2024 · €215,759
Income taxes
€30,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,613 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
2.0%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,338 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% | 1.9% |
| 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 2,613 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €235,130 | - | - | €524,287 | €525,358 | ▲ 0.2% |
| Goods, raw materials, services and sundry goods60/61 | €116,604 | - | - | €141,232 | €153,383 | ▲ 8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €173,036 | €163,257 | €184,116 | €201,070 | €181,615 | ▼ 9.7% |
| Other operating charges640/8 | €21,376 | €29,872 | €53,739 | €41,035 | €68,427 | ▲ 66.8% |
| Non-recurring operating charges66A | - | - | - | €5,200 | €6,705 | ▲ 28.9% |
| Gross operating margin9900 | €185,850 | €141,890 | €242,224 | €383,055 | €371,974 | ▼ 2.9% |
| Operating profit (loss)9901 | -€8,562 | -€51,239 | €4,369 | €135,750 | €115,228 | ▼ 15.1% |
| Financial income75/76B | €8,585 | €1,967 | €139 | €3 | €9,441 | ▲ 374,545% |
| Recurring financial income75 | €442 | €1 | €139 | €3 | €514 | ▲ 20,295% |
| Non-recurring financial income76B | €8,142 | €1,966 | - | - | €8,927 | - |
| Financial charges65/66B | €8,679 | €10,764 | €10,113 | €7,806 | €12,779 | ▲ 63.7% |
| Recurring financial charges65 | €8,679 | €8,863 | €10,113 | €7,806 | €12,779 | ▲ 63.7% |
| Non-recurring financial charges66B | - | €1,901 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€8,657 | -€60,036 | -€5,605 | €127,947 | €111,890 | ▼ 12.5% |
| Income taxes67/77 | - | - | - | - | €30,000 | - |
| Profit (loss) for the period9904 | -€8,657 | -€60,036 | -€5,605 | €127,947 | €81,890 | ▼ 36.0% |
| Profit (loss) for the period to be appropriated9905 | -€8,657 | -€60,036 | -€5,605 | €127,947 | €81,890 | ▼ 36.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €1.4m | €1.5m | €1.5m | €1.3m | ▼ 11.7% |
| Fixed assets21/28 | €1.4m | €1.2m | €1.4m | €1.3m | €1.2m | ▼ 10.7% |
| Tangible fixed assets22/27 | €1.4m | €1.2m | €1.4m | €1.3m | €1.2m | ▼ 10.8% |
| Land and buildings22 | €804,219 | €770,466 | €726,898 | €731,693 | €682,828 | ▼ 6.7% |
| Furniture and vehicles24 | €569,611 | €473,705 | €700,885 | €614,407 | €513,563 | ▼ 16.4% |
| Other tangible fixed assets26 | - | - | - | - | €5,000 | - |
| Financial fixed assets28 | €290 | €290 | €290 | €290 | €290 | = |
| Current assets29/58 | €146,966 | €123,995 | €99,158 | €147,758 | €117,834 | ▼ 20.3% |
| Amounts receivable within one year40/41 | €73,702 | €93,526 | €77,210 | €48,168 | €52,744 | ▲ 9.5% |
| Trade receivables40 | €51,176 | €85,896 | €62,017 | €40,538 | €52,744 | ▲ 30.1% |
| Other amounts receivable41 | €22,526 | €7,630 | €15,193 | €7,630 | - | - |
| Cash at bank and in hand54/58 | €73,264 | €30,469 | €21,947 | €99,590 | €65,090 | ▼ 34.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €1.4m | €1.5m | €1.5m | €1.3m | ▼ 11.7% |
| Equity10/15 | €93,512 | €33,475 | €27,871 | €155,817 | €237,707 | ▲ 52.6% |
| Contributions10/11 | €125,000 | €125,000 | €125,000 | €125,000 | €125,000 | = |
| Capital10 | €125,000 | €125,000 | €125,000 | €125,000 | €125,000 | = |
| Issued capital100 | €125,000 | €125,000 | €125,000 | €125,000 | €125,000 | = |
| Reserves13 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Non-distributable reserves130/1 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Legal reserve130 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | -€36,488 | -€96,525 | -€102,129 | €25,817 | €107,707 | ▲ 317% |
| Amounts payable17/49 | €1.4m | €1.3m | €1.5m | €1.3m | €1.1m | ▼ 19.2% |
| Amounts payable after more than one year17 | €426,961 | €325,401 | €270,785 | €215,759 | €192,817 | ▼ 10.6% |
| Financial debts170/4 | €426,961 | €325,401 | €270,785 | €215,759 | €192,817 | ▼ 10.6% |
| Amounts payable within one year42/48 | €1.0m | €1.0m | €1.2m | €1.1m | €888,992 | ▼ 20.8% |
| Current portion of amounts payable after more than one year42 | €157,601 | €110,650 | €54,616 | €55,026 | €22,943 | ▼ 58.3% |
| Trade debts44 | €5,012 | - | €959 | €6,842 | €22,213 | ▲ 225% |
| Suppliers440/4 | €5,012 | - | €959 | €6,842 | €22,213 | ▲ 225% |
| Taxes, remuneration and social security45 | - | €5,928 | - | €23,004 | €20,552 | ▼ 10.7% |
| Taxes450/3 | - | €5,928 | - | €23,004 | €20,552 | ▼ 10.7% |
| Other amounts payable47/48 | €838,000 | €893,000 | €1.2m | €1.0m | €823,285 | ▼ 20.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,657 | -€60,036 | -€5,605 | €127,947 | €81,890 | ▼ 36.0% |
| + Depreciation and write-downs630 | €173,036 | €163,257 | €184,116 | €201,070 | €181,615 | ▼ 9.7% |
| Operating cash flow (approximation) | €164,380 | €103,221 | €178,511 | €329,017 | €263,505 | ▼ 19.9% |
| Investment in fixed assets (approximation) | - | -€33,599 | -€367,728 | -€119,387 | -€36,907 | ▲ 69.1% |
| Change in cash | - | -€42,795 | -€8,522 | €77,643 | -€34,500 | ▼ 144% |
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
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €200,000Eq €237,707 ▲52.6%
2 profitable years in a row build equity to €237,707.
03-10
State Gazette act
Board meeting · Power of attorney
Permanent representative · Power-of-attorney revocation
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
15-04
State Gazette act
General meeting · Capital increase
Capital · Director appointment
2024
31-12
Financial
Back to profitnet €127,947
Net result €127,947 after 5 loss-making years.
31-12
Financial
Equity above €150,000Eq €155,817 ▲459%
Equity rises from €27,871 to €155,817.
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
02-02
State Gazette act
Board meeting · Power of attorney
Permanent representative
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€60,036
Net result drops to -€60,036, the lowest in the series; recovery starts the following year.
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Show earlier events
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
09-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 21 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Brussel · 1 establishment unit since 2003
Ground area
3,137 m²
Building footprint
1,355 m²
Volume, LiDAR
90,441 m³
2 parcels, Brussels · tallest building 106.8 m, ±30 floors. Linked by address, not a title deed.
268
companies at this address
See who is registered here
1 establishment unit
Stallestraat 19, 1180 Ukkel
since 20032.120.649.830
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21822R0227/00V003 | Brussels | 2,791 m² | 1 · 1,235 m² | 106.8 m · 30 fl. |
| 21616A0135/00Y003 | Brussels | 345 m² | 1 · 120 m² | 14.1 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
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Shareholding
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
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Of 1,446 companies in sector 77110 we hold annual accounts for 729. 465 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded08-06-1984
Fiscal year end31-12
Activities, NACEBEL 2025
77110Renting and leasing of cars and light motor vehicles
Contact
E-mail
myrmagnus@gmail.comUkkel
Phone
+32477500266Ukkel
E-invoicing
Reachable via Peppol
Peppol ID
0208:0425818716
Registered
27-03-2026
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.