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SAREDECO

Active
Private limited companyfounded 20197 yrs activeRue Delannay(FR) 10, 7504 Tournai, BelgiumKBO/BCE: BE 0721.835.002
Summary

The computed 12-month bankruptcy probability of SAREDECO is 1.7% (moderate). The 2025 annual accounts show equity of €9.0m and a net result of €1.5m. Equity is growing by ~30.2% per year across the filed fiscal years. The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability79▼-5
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €600,000 at 30 days acceptable
short-term debt: 0% and cash: 0.1% of total assets, and 0% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 7 years 0 10 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
100%
Return on assets
16.7%
Age of the figures
12 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 08-04-2026, 22 days ahead of the deadline.
NBB · 7 filings
Deviation from the deadline
2025
22 d early
2024
35 d early
2023
32 d early
2022
5 d early
2021
25 d early
2020
32 d early
2019
48 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 28 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 5 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 4 March 2019, SAREDECO was incorporated.1 Total assets went from EUR 14,859 in 2019 to EUR 9 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€1.5m▲ 8.1%
2024 · €1.4m
Working capital
€6.8m▲ 28.5%
2024 · €5.3m
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€2,214▼ 10.5%-€7,523▼ 240%-€2,539▲ 66.2%-€2,687▼ 5.8%-€3,877▼ 44.3%
Net result-€2,290▼ 12.1%€2.9m€1.1m▼ 61.5%€1.4m▲ 22.7%€1.5m▲ 8.1%
Equity€7,666▼ 23.0%€5.0m▲ 64,802%€6.1m▲ 22.8%€7.5m▲ 22.7%€9.0m▲ 20.0%
Total assets€8,013▼ 33.0%€5.2m▲ 64,495%€6.3m▲ 21.3%€7.5m▲ 20.1%€9.0m▲ 19.4%
Debt€348▼ 82.7%€200,920▲ 57,719%€171,462▼ 14.7%€42,990▼ 74.9%€920▼ 97.9%
Working capital€7,666▼ 23.0%€2.7m▲ 35,712%€3.9m▲ 41.2%€5.3m▲ 35.8%€6.8m▲ 28.5%
Staff (FTE)00
Result per fiscal year
Operating resultNet result
-€1.0m€0€1.0m€2.0m€3.0mOperating result 2021: -€2,214-€2,214Net result 2021: -€2,290-€2,290Operating result 2022: -€7,523-€7,523Net result 2022: €2.9m€2.9mOperating result 2023: -€2,539-€2,539Net result 2023: €1.1m€1.1mOperating result 2024: -€2,687-€2,687Net result 2024: €1.4m€1.4mOperating result 2025: -€3,877-€3,877Net result 2025: €1.5m€1.5m20212022202320242025-€500,000€0€500,000€1m€1.5mOperating result 2023: -€2,539-€2,540Net result 2023: €1.1m€1.1mOperating result 2024: -€2,687-€2,690Net result 2024: €1.4m€1.4mOperating result 2025: -€3,877-€3,880Net result 2025: €1.5m€1.5m202320242025
The operating result stays negative: a loss of €3,877 in 2025 against €2,687 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.0m
Fixed assets €2.2m =
Current assets €6.8m ▲ 27.5%
Equity and liabilities €9.0m
Equity €9.0m ▲ 20.0%
Debt €920 ▼ 97.9%
Debt's share of the balance-sheet total falls from 0.6% to 0.0%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
Debt to equity
0.00▼
2024 · 0.01
ROE
16.7%▼
2024 · 18.5%
ROA
16.7%▼
2024 · 18.4%
Debt ≤ 1 year
€920▼
2024 · €42,990
Income taxes
€13,701▼
2024 · €42,070
A ratio outside any meaningful range has been withheld (balance sheet total €9.0m, equity €9.0m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 153 companies that looked in July 2024 the way this one looks now, 0% went bankrupt within 24 months and 96% are still going.

  • Medium-sized
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0% went bankrupt
3.9% stopped otherwise
96% still going

For this company itself Checked computes a higher bankruptcy probability: 1.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 153 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 32 lines
Balance sheet Code20242025
Assets
Total assets20/58€7.5m€9.0m▲
Fixed assets21/28€2.2m€2.2m=
Financial fixed assets28€2.2m€2.2m=
Current assets29/58€5.3m€6.8m▲
Amounts receivable within one year40/41€4.4m€4.0m▼
Other amounts receivable41€4.4m€4.0m▼
Current investments50/53€850,000€2.7m▲
Cash at bank and in hand54/58€44,240€8,546▼
Equity and liabilities
Total equity and liabilities10/49€7.5m€9.0m▲
Equity10/15€7.5m€9.0m▲
Contributions10/11€2.2m€2.2m=
Reserves13€5.2m€6.7m▲
Distributable reserves133€5.2m€6.7m▲
Amounts payable17/49€42,990€920▼
Amounts payable within one year42/48€42,990€920▼
Taxes, remuneration and social security45€42,070€0▼
Taxes450/3€42,070€0▼
Other amounts payable47/48€920€920=
Income statement Code20242025
Gross operating margin9900-€2,687-€3,877▼
Operating profit (loss)9901-€2,687-€3,877▼
Financial income75/76B€1.4m€1.5m▲
Recurring financial income75€1.4m€1.5m▲
Financial charges65/66B€80€12,102▲
Recurring financial charges65€80€12,102▲
Profit (loss) for the period before taxes9903€1.4m€1.5m▲
Income taxes67/77€42,070€13,701▼
Profit (loss) for the period9904€1.4m€1.5m▲
Profit (loss) for the period to be appropriated9905€1.4m€1.5m▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.4m€1.5m▲
Transfer to equity691/2€1.4m€1.5m▲
To other reserves6921€1.4m€1.5m▲
Social balance
Average headcount (FTE)90870.00.0=

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Other operating charges640/8€0-----
Gross operating margin9900-€2,214-€7,523-€2,539-€2,687-€3,877▼ 44.3%
Operating profit (loss)9901-€2,214-€7,523-€2,539-€2,687-€3,877▼ 44.3%
Financial income75/76B-€2.9m€1.2m€1.4m€1.5m▲ 6.8%
Recurring financial income75-€2.9m€1.2m€1.4m€1.5m▲ 6.8%
Financial charges65/66B€76€80€96€80€12,102▲ 14,958%
Recurring financial charges65€76€80€96€80€12,102▲ 14,958%
Profit (loss) for the period before taxes9903-€2,290€2.9m€1.2m€1.4m€1.5m▲ 5.9%
Income taxes67/77--€30,542€42,070€13,701▼ 67.4%
Profit (loss) for the period9904-€2,290€2.9m€1.1m€1.4m€1.5m▲ 8.1%
Profit (loss) for the period to be appropriated9905-€2,290€2.9m€1.1m€1.4m€1.5m▲ 8.1%
Line20212022202320242025Change
Assets
Total assets20/58€8,013€5.2m€6.3m€7.5m€9.0m▲ 19.4%
Fixed assets21/28-€2.2m€2.2m€2.2m€2.2m=
Financial fixed assets28-€2.2m€2.2m€2.2m€2.2m=
Current assets29/58€8,013€2.9m€4.0m€5.3m€6.8m▲ 27.5%
Amounts receivable within one year40/41€3,590€2.9m€4.0m€4.4m€4.0m▼ 8.5%
Other amounts receivable41€3,590€2.9m€4.0m€4.4m€4.0m▼ 8.5%
Current investments50/53---€850,000€2.7m▲ 220%
Cash at bank and in hand54/58€4,423€984€8,349€44,240€8,546▼ 80.7%
Equity and liabilities
Total equity and liabilities10/49€8,013€5.2m€6.3m€7.5m€9.0m▲ 19.4%
Equity10/15€7,666€5.0m€6.1m€7.5m€9.0m▲ 20.0%
Contributions10/11€18,600€2.2m€2.2m€2.2m€2.2m=
Reserves13-€2.7m€3.9m€5.2m€6.7m▲ 28.6%
Distributable reserves133-€2.7m€3.9m€5.2m€6.7m▲ 28.6%
Profit (loss) carried forward14-€10,934€0€0---
Amounts payable17/49€348€200,920€171,462€42,990€920▼ 97.9%
Amounts payable within one year42/48€348€200,920€171,462€42,990€920▼ 97.9%
Trade debts44€348€0----
Suppliers440/4€348€0----
Taxes, remuneration and social security45--€30,542€42,070€0▼ 100%
Taxes450/3--€30,542€42,070€0▼ 100%
Other amounts payable47/48€0€200,920€140,920€920€920=
Line20212022202320242025Change
Profit (loss) for the period9904-€2,290€2.9m€1.1m€1.4m€1.5m▲ 8.1%
Operating cash flow (approximation)-€2,290€2.9m€1.1m€1.4m€1.5m▲ 8.1%
Investment in fixed assets (approximation)--€0€0€0-
Change in cash--€3,440€7,365€35,890-€35,694▼ 199%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 30-04-2027
2026
08-04
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
30-09
Financial Liquidity times 60current ratio 7356.94
Current ratio from 123.51 to 7356.94; short-term debt falls from €42,990 to €920.
26-03
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
30-09
Financial Liquidity times 5current ratio 123.51
Current ratio from 23.62 to 123.51; short-term debt falls from €171,462 to €42,990.
29-03
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial Equity above €5mEq €6.1m ▲22.8%
2 profitable years in a row build equity to €6.1m.
25-04
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial Back to profitnet €2.9m
Net result €2.9m after 3 loss-making years.
30-09
Financial Equity above €2mEq €5.0m ▲64,802%
Equity rises from €7,666 to €5.0m.
05-04
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial Liquidity quadruplescurrent ratio 23.06
Current ratio from 5.97 to 23.06; short-term debt falls from €2,004 to €348.
29-03
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
13-03
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB 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, Tournai · 1 establishment unit since 2019
seat establishment approximate The establishment unit on the map
Ground area
7,903 m²
Building footprint
149 m²
Volume, LiDAR
899 m³
Parcel 57030B0037/00B000, Wallonia · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SAREDECO
Rue Delannay(FR) 10, 7504 TournaiReal estate activities
since 20192.325.310.427
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
57030B0037/00B000 Wallonia 7,903 m² 1 · 149 m² 7.9 m · 2 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

Legal Entity Identifier

64884E3V8GDZO428Q552
live in the LEI register

Identification & contact

Identification
Legal formPrivate limited company
Founded04-03-2019
Fiscal year end30-09
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.