SARGAS
ActiveSummary
The computed 12-month bankruptcy probability of SARGAS is 3.4% (moderate). The 2024 annual accounts show negative equity (-€42,479) and a net result of €77. Equity is shrinking by ~29.1% per year across the filed fiscal years. The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability38▲+9
Solvency21▲+2
Growth58▲+26
Track record94
Bankruptcy probability, 12 months
3.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 62.03 against 30.69 in 2023; short-term debt: 0.2% and cash: 0.3% of total assets), but equity is negative.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 dateAge against the risk zone
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 2024Solvency, return and age of the figures
Solvency
-4.2%
Return on assets
0%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-08-2025, 20 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
20 d late
2023
36 d early
2022
69 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 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 (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€42,479▲ 0.2%
2023 · -€42,557
Total assets
€1.0m▲ 30.5%
2023 · €767,953
Net result
€77
2023 · -€24,816
Working capital
€93,829▲ 106%
2023 · €45,647
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
Line202220232024
Operating result-€6,682--€3,949▲ 40.9%-€5,909▼ 49.6%
Net result-€22,740--€24,816▼ 9.1%€77
Equity-€17,740--€42,557▼ 140%-€42,479▲ 0.2%
Total assets€598,087-€767,953▲ 28.4%€1.0m▲ 30.5%
Debt€615,828-€810,510▲ 31.6%€1.0m▲ 28.9%
Working capital€685-€45,647▲ 6,561%€93,829▲ 106%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5,909 in 2024 against €3,949 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.0m
Fixed assets
€906,607 ▲ 25.8%
Current assets
€95,366 ▲ 102%
Key figures and ratios
Solvency
-4.2%▲
2023 · -5.5%
Current ratio
62.03▲
2023 · 30.69
Debt to equity
-24.59▼
2023 · -19.05
ROA
0.0%▲
2023 · -3.2%
Debt ≤ 1 year
€1,537=
2023 · €1,537
Debt > 1 year
€1.0m▲
2023 · €789,593
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Other operating charges640/8 | €102 | €109 | €505 | ▲ 364% |
| Gross operating margin9900 | -€6,580 | -€3,840 | -€5,403 | ▼ 40.7% |
| Operating profit (loss)9901 | -€6,682 | -€3,949 | -€5,909 | ▼ 49.6% |
| Financial income75/76B | €2,049 | €14,826 | €32,631 | ▲ 120% |
| Recurring financial income75 | €2,049 | €14,826 | €32,631 | ▲ 120% |
| Financial charges65/66B | €18,107 | €35,693 | €26,645 | ▼ 25.4% |
| Recurring financial charges65 | €18,107 | €35,693 | €26,645 | ▼ 25.4% |
| Profit (loss) for the period before taxes9903 | -€22,740 | -€24,816 | €77 | ▲ 100% |
| Profit (loss) for the period9904 | -€22,740 | -€24,816 | €77 | ▲ 100% |
| Profit (loss) for the period to be appropriated9905 | -€22,740 | -€24,816 | €77 | ▲ 100% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €598,087 | €767,953 | €1.0m | ▲ 30.5% |
| Fixed assets21/28 | €596,167 | €720,769 | €906,607 | ▲ 25.8% |
| Financial fixed assets28 | €596,167 | €720,769 | €906,607 | ▲ 25.8% |
| Current assets29/58 | €1,920 | €47,184 | €95,366 | ▲ 102% |
| Amounts receivable after more than one year29 | - | €41,188 | €90,304 | ▲ 119% |
| Other amounts receivable291 | - | €41,188 | €90,304 | ▲ 119% |
| Amounts receivable within one year40/41 | €447 | €758 | €683 | ▼ 9.9% |
| Other amounts receivable41 | €447 | €758 | €683 | ▼ 9.9% |
| Cash at bank and in hand54/58 | €1,473 | €5,160 | €2,764 | ▼ 46.4% |
| Deferred charges and accrued income490/1 | - | €78 | €1,616 | ▲ 1,975% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €598,087 | €767,953 | €1.0m | ▲ 30.5% |
| Equity10/15 | -€17,740 | -€42,557 | -€42,479 | ▲ 0.2% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | -€22,740 | -€47,557 | -€47,479 | ▲ 0.2% |
| Amounts payable17/49 | €615,828 | €810,510 | €1.0m | ▲ 28.9% |
| Amounts payable after more than one year17 | €600,275 | €789,593 | €1.0m | ▲ 28.8% |
| Financial debts170/4 | €600,275 | €789,593 | €1.0m | ▲ 28.8% |
| Amounts payable within one year42/48 | €1,235 | €1,537 | €1,537 | = |
| Trade debts44 | €1,235 | €1,537 | €1,537 | = |
| Suppliers440/4 | €1,235 | €1,537 | €1,537 | = |
| Accrued charges and deferred income492/3 | €14,318 | €19,380 | €26,084 | ▲ 34.6% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€22,740 | -€24,816 | €77 | ▲ 100% |
| Operating cash flow (approximation) | -€22,740 | -€24,816 | €77 | ▲ 100% |
| Investment in fixed assets (approximation) | - | -€124,602 | -€185,838 | ▼ 49.1% |
| Change in cash | - | €3,687 | -€2,396 | ▼ 165% |
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
2025
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
31-12
Financial
Back to profitnet €77
Net result €77 after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 62.03
Current ratio from 30.69 to 62.03.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€24,816
Net result drops to -€24,816, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 20current ratio 30.69
Current ratio from 1.55 to 30.69.
23-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Antwerpen · 1 establishment unit since 2021
Ground area
1,491 m²
Building footprint
984 m²
Volume, LiDAR
7,216 m³
Parcel 11463D0325/00K002, Flanders · tallest building 8.2 m, ±3 floors. Linked by address, not a title deed.
314
companies at this address
See who is registered here
1 establishment unit
SARGAS
since 20212.320.862.085
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11463D0325/00K002 | Flanders | 1,491 m² | 1 · 984 m² | 8.2 m · 3 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded17-08-2021
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0772614601
Also
9925:BE0772614601
Registered
19-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.