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SARGO TEXTILES

Active
Private limited company (pre-2019)founded 200125 yrs activeRue des Ponts 23, 1480 Tubize, BelgiumKBO/BCE: BE 0475.369.581
Summary

SARGO TEXTILES has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€33,070) and a net result of -€9,507. Equity is shrinking by ~8.9% per year across the filed fiscal years. Its solvency ranks better than 17% of 15861 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).

Risk analysisWatch ReportCompare
SARGO TEXTILESActiveChecked score 30/100
Risk analysis ReportCompare

Overview

What they do
Agents in non-specialised wholesale trade
NACE 46190NACE 51190
1 site
How big
€19,522turnover 2024
Equity
-€33,070
Loss
-€9,507
Financially healthy?
30 Weak Checked score 2024
Bankruptcy chance 12 m
0.9%
Who decides
Accounts 63 d overdue0 of 1 deed read
Why 30- Annual accounts: weaker financial profile- Higher-failure-rate sector- Higher-failure-rate region- Negative equity+ Long track recordFiled after the deadlineShow the evidence

Checked score

Score 2024
30 / 100
Weak
Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability9▼-66
Solvency10▼-5
Growth38▼-32
Track record100
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.04 against 0.1 in 2023; short-term debt: 88.8% and cash: 2.3% of total assets), and equity is negative.
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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2024
Solvency, return and age of the figures
Solvency
-14.9%
Return on assets
-4.3%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 25 years 0 30 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
18192021222324
2018 to 2024 · latest year -€33,070
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-08-2025, 30 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 filings
Deviation from the deadline
2025
not confirmed
2024
30 d late
2023
23 d late
2022
30 d late
2021
31 d late
2020
30 d late
2019
86 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 38 days after 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 (1)
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
  1. Annual accounts filedfiscal year 2024 · micro…
  2. Annual accounts filedfiscal year 2023 · micro…
  3. Back to profitnet €19,192

Key points

  • Risk: Negative equityfiscal year 2024: debts exceed assets -€33,070 View
  • Caution: Turnover fell in 2024from €76,713 to €19,522 ▼ 74.6% View
  • Caution: Among the weakest 12% on equitysector median €56,176 · 15,899 companies -€33,070 View
  • Caution: Accounts not fileddeadline was 31-07-2026 63 d late View

By topic

Financials

Fiscal year
2024
Turnover
€19,522
Loss
-€9,507
Solvency
-14.9%
Turnover▼ 74.6%
Net result
20182024
Go to Financials

Timeline

Events
12
Since
2016
  1. 30-08-2025Annual accounts filed
  2. 23-08-2024Annual accounts filed
  3. 31-12-2023Back to profit
Go to Timeline

Company details

Sites
1
Legal form
Private limited company (pre-2019)
Activity
Agents in non-specialised wholesale tradeNACE 46190
Founded
23-07-2001
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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