SARCUS
ActiveSummary
SARCUS has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €492k and a net result of €144k. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 85% of 37956 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
96
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+4
Solvency100=
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 4.58 against 3.06 in 2023; short-term debt: 12.8% and cash: 35.1% of total assets), and 12.8% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
87.2%
Return on assets
25.5%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €492k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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
not confirmed
2024
29 d late
2023
30 d late
2022
31 d late
2021
31 d late
2020
25 d late
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€492k▲ 41.0%
2023 · €349k
2018: €423k
2019: €521k
2020: €518k
2021: €288k
2022: €333k
2023: €349k
2018 → 2024
Total assets
€564k▲ 30.7%
2023 · €431k
2018: €461k
2019: €609k
2020: €588k
2021: €326k
2022: €378k
2023: €431k
2018 → 2024
Net result
€144k▲ 52.6%
2023 · €94k
2018: €49k
2019: €98k
2020: €-3k
2021: €-514
2022: €45k
2023: €94k
2018 → 2024
Working capital
€259k▲ 52.3%
2023 · €170k
2018: €266k
2019: €388k
2020: €429k
2021: €155k
2022: €217k
2023: €170k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€518k-€288k▼ 44.4%€333k▲ 15.6%€349k▲ 4.6%€492k▲ 41.0%
Operating result€9k-€-7k€47k€136k▲ 191%€206k▲ 51.5%
Net result€-3k-€-514▲ 81.0%€45k€94k▲ 109%€144k▲ 52.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 52% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €564k
Fixed assets
€233k ▲ 30.2%
Current assets
€331k ▲ 31.1%
Equity and liabilities €564k
Equity
€492k ▲ 41.0%
Debt
€72k ▼ 12.5%
Debt's share of the balance-sheet total falls from 19.2% to 12.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€220k▲
2023 · €159k
Cash flow
€157k▲
2023 · €117k
Current ratio
4.58▲
2023 · 3.06
Debt to equity
0.15▼
2023 · 0.24
ROE
29.2%▲
2023 · 27.0%
ROA
25.5%▲
2023 · 21.8%
Interest coverage
54.71▼
2023 · 59.20
Debt ≤ 1 year
€72k▼
2023 · €83k
Income taxes
€63k▲
2023 · €43k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 56 lines
Balance sheet
Code20232024
Assets
Total assets20/58€431k€564k▲
Fixed assets21/28€179k€233k▲
Tangible fixed assets22/27€94k€148k▲
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€90k€146k▲
Other tangible fixed assets26€2k€1k▼
Financial fixed assets28€85k€85k=
Current assets29/58€253k€331k▲
Amounts receivable after more than one year29€50k€50k=
Trade receivables290€50k€50k=
Amounts receivable within one year40/41€109k€70k▼
Trade receivables40€108k€64k▼
Other amounts receivable41€175€6k▲
Current investments50/53€12k€11k▼
Cash at bank and in hand54/58€79k€198k▲
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€431k€564k▲
Equity10/15€349k€492k▲
Contributions10/11€6k€6k=
Reserves13€342k€485k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€342k€485k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€83k€72k▼
Amounts payable within one year42/48€83k€72k▼
Financial debts43€166€1k▲
Credit institutions430/8€166€1k▲
Trade debts44€3k€4k▲
Suppliers440/4€3k€4k▲
Taxes, remuneration and social security45€59k€52k▼
Taxes450/3€56k€52k▼
Remuneration and social security454/9€3k€0▼
Other amounts payable47/48€21k€15k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20232024
Non-recurring operating income76A€20k€8k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€14k▼
Other operating charges640/8€8k€2k▼
Non-recurring operating charges66A-€723
Gross operating margin9900€168k€223k▲
Operating profit (loss)9901€136k€206k▲
Financial income75/76B€4k€5k▲
Recurring financial income75€4k€5k▲
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€137k€207k▲
Income taxes67/77€43k€63k▲
Profit (loss) for the period9904€94k€144k▲
Profit (loss) for the period to be appropriated9905€94k€144k▲
Appropriation of the result
Profit (loss) to be appropriated9906€94k€144k▲
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2€79k€0▼
Transfer to equity691/2€94k€143k▲
To other reserves6921€94k€143k▲
Profit to be distributed694/7€79k€800▼
Return on contributions (dividend)694€79k€800▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Highest result since 2018net €144k ▲52.6%
Operating result €206k, net result €144k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €45k
Net result €45k after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
31-12
Financial
Weakest financial yearnet €-3k ▼103%
Net result drops to €-3k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
08-04
State Gazette act
Board meeting · Director resignation
Director appointment · Permanent representative
2019
31-12
Financial
Equity above €500kEq €521k ▲23.1%
2 profitable years in a row build equity to €521k.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
Show earlier events
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
26-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 26 days late
2015
17-06
State Gazette act
General meeting · Director resignation
Director reappointment · Director appointment
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Silly · 1 establishment unit since 2006
Ground area
1,126 m²
Building footprint
167 m²
Volume, LiDAR
1,196 m³
Parcel 55001D0501/00P000, Wallonia · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Denijs Philippe BVBA
since 20062.154.396.823
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 55001D0501/00P000 | Wallonia | 1,126 m² | 1 · 167 m² | 9.5 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.
Structure & network
Connections & network
2 connected companiesLinked via shared directors
Shared director
→
Shared director
→
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
Recognitions · licences · registrations
Legal Entity Identifier
254900T1D1KI0DY6PA68
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 34,773 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-04-2006
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.