SAREZE
ActiveSAREZE has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-315k) and a net result of €-80k. Equity is growing by ~3.2% per year across the filed fiscal years. Its solvency ranks better than 5% of 7760 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
22
/ 100
Critical
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-24
Solvency0=
Growth78=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.4 against 0.25 in 2024; short-term debt: 132% and cash: 0% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-213.9%
Return on assets
-53.9%
Age of the figures
9 mo
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-315k
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
39 d late
2023
13 d early
2022
on the day
2021
33 d early
2020
25 d early
2019
on the day
← 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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-315k▼ 33.7%
2024 · €-236k
2018: €-323k
2019: €-298k
2020: €-257k
2021: €-217k
2022: €-249k
2023: €-227k
2024: €-236k
2018 → 2025
Total assets
€147k▲ 49.3%
2024 · €99k
2018: €143k
2019: €224k
2020: €41k
2021: €39k
2022: €33k
2023: €106k
2024: €99k
2018 → 2025
Net result
€-80k▼ 840%
2024 · €-8k
2018: €-182k
2019: €25k
2020: €41k
2021: €41k
2022: €-32k
2023: €21k
2024: €-8k
2018 → 2025
Working capital
€-117k▼ 16.8%
2024 · €-100k
2018: €-272k
2019: €-209k
2020: €-279k
2021: €-234k
2022: €-269k
2023: €-313k
2024: €-100k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-217k-€-249k▼ 14.8%€-227k▲ 8.6%€-236k▼ 3.7%€-315k▼ 33.7%
Operating result€41k-€-32k€28k€6k▼ 79.6%€-69k
Net result€41k-€-32k€21k€-8k€-80k▼ 840%
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 turns negative in 2025: a loss of €69k after €6k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €112k
Fixed assets
€35k▲ 102%
Current assets
€77k▲ 126%
Key figures and ratios
EBITDA
€-45k▼
2024 · €27k
Cash flow
€-55k▼
2024 · €12k
Solvency
-213.9%▲
2024 · -238.9%
Current ratio
0.40▲
2024 · 0.25
Quick ratio
0.40▲
2024 · 0.25
Debt / equity
-1.47▼
2024 · -1.42
ROA
-53.9%▼
2024 · -8.6%
Interest coverage
-4.16▼
2024 · 1.87
Debt
€463k▲
2024 · €335k
Debt ≤ 1 year
€195k▲
2024 · €135k
Debt > 1 year
€265k▲
2024 · €200k
Staff costs
€241k▲
2024 · €241k
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€99k€147k▲
Formation expenses20€47k€36k▼
Fixed assets21/28€17k€35k▲
Intangible fixed assets21€4k€25k▲
Tangible fixed assets22/27€13k€10k▼
Plant, machinery and equipment23€9k€6k▼
Furniture and vehicles24€4k€4k▼
Current assets29/58€34k€77k▲
Amounts receivable within one year40/41€32k€77k▲
Trade receivables40€32k€77k▲
Other amounts receivable41€0-
Cash at bank and in hand54/58€0€0=
Deferred charges and accrued income490/1€2k€0▼
Equity and liabilities
Total equity and liabilities10/49€99k€147k▲
Equity10/15€-236k€-315k▼
Contributions10/11€330k€330k=
Capital10€330k€330k=
Issued capital100€330k€330k=
Profit (loss) carried forward14€-566k€-645k▼
Amounts payable17/49€335k€463k▲
Amounts payable after more than one year17€200k€265k▲
Financial debts170/4€200k€265k▲
Amounts payable within one year42/48€135k€195k▲
Financial debts43€98k€114k▲
Credit institutions430/8€98k€114k▲
Trade debts44€12k€51k▲
Suppliers440/4€12k€51k▲
Taxes, remuneration and social security45€23k€29k▲
Taxes450/3€14k€9k▼
Remuneration and social security454/9€10k€21k▲
Other amounts payable47/48€1k-
Accrued charges and deferred income492/3-€3k
Income statement
Code20242025
Non-recurring operating income76A€3k-
Remuneration, social security and pensions62€241k€241k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€24k▲
Other operating charges640/8€187€125▼
Non-recurring operating charges66A-€2k
Gross operating margin9900€267k€198k▼
Operating profit (loss)9901€6k€-69k▼
Financial charges65/66B€14k€11k▼
Recurring financial charges65€14k€11k▼
Profit (loss) for the period before taxes9903€-8k€-80k▼
Profit (loss) for the period9904€-8k€-80k▼
Profit (loss) for the period to be appropriated9905€-8k€-80k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-566k€-645k▼
Profit (loss) brought forward from the previous period14P€-557k€-566k▼
The notes to these accounts (12 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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
08-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 39 days late
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €21k
Net result €21k after one loss-making year.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €41k ▲59.9%
Operating result €45k, net result €41k, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €25k
Net result €25k after one loss-making year.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2023
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
07-02-2023
AsCor: Resigned as Director
01-07-2021
NSQUARE: Resigned as Director
04-02-2021
Vademeu: Resigned as Director
04-03-2019
Harpoon: Resigned as Director
04-03-2019
Harpoon: Resigned as Managing director
22-10-2018
Finart BVBA: Resigned as Director
23-01-2018
Colette Verhaegen: Resigned as Director
23-01-2018
Colette Verhaegen: Resigned as Managing director
Location & real-estate footprint
Registered office, Hasselt · 1 establishment unit since 2011
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.
Ekkelgaarden 6 A3500 HasseltGround area
1.0 ha
Building footprint
2,371 m²
Volume, LiDAR
1,011 m³
2 parcels, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SAREZE
since 20112.203.951.648
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71324E0542/00S000 | Flanders | 6,293 m² | 1 · 2,292 m² | 8.2 m |
| 71324E0542/00D002 | Flanders | 3,867 m² | 1 · 79 m² | 8.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
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
2 connected companiesNetwork connections
Shared address
→
Shared address
→
Similar companies · same sector and region
ABOCEC
BE 0474.127.684
Hasselt
AC WINDOWS
BE 0688.675.056
Hasselt
AF - HOME INTERIOR
BE 0666.598.747
Hasselt
ALUGLAS
BE 0447.849.295
Hasselt
ASD
BE 0762.613.901
Hasselt
We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. Of 20,026 companies in sector 43320 we hold annual accounts for 9,136.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-09-2011
Fiscal year end31-12
Activities, NACEBEL
13929Manufacture of textiles
43320Joinery installation
31004Manufacture of dining room, living room, bedroom and bathroom furniture
46491Wholesale trade
47551Retail sale of household furniture
47591Retail trade
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.