SARGO TEXTILES
ActiveSummary
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 15869 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
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 2024Solvency, 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 dateAge against the risk zone
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 · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity 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 filingsDeviation 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)
History
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Financials · fiscal year 2024, micro schema
Turnover
€19,522▼ 74.6%
2023 · €76,713
EBIT margin
-32.5%▼ 68.1pp
2023 · 35.7%
Net result
-€9,507
2023 · €19,192
Working capital
-€189,678▼ 7.9%
2023 · -€175,775
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€59,339▼ 17.2%€54,582▼ 8.0%€52,621▼ 3.6%€76,713▲ 45.8%€19,522▼ 74.6%
Operating result-€6,931€7,153€7,313▲ 2.2%€27,361▲ 274%-€6,336
Net result-€17,681below the sector's middle half-€3,384below the sector's middle half▲ 80.9%-€3,283below the sector's middle half▲ 3.0%€19,192within the sector's middle half-€9,507below the sector's middle half
EBIT margin-11.7%▼ 45.4pp13.1%▲ 24.8pp13.9%▲ 0.8pp35.7%▲ 21.8pp-32.5%▼ 68.1pp
Equity-€36,088below the sector's middle half▼ 96.1%-€39,472below the sector's middle half▼ 9.4%-€42,755below the sector's middle half▼ 8.3%-€23,563below the sector's middle half▲ 44.9%-€33,070below the sector's middle half▼ 40.3%
Total assets€248,015within the sector's middle half▼ 8.0%€246,040within the sector's middle half▼ 0.8%€245,501within the sector's middle half▼ 0.2%€239,476within the sector's middle half▼ 2.5%€221,805within the sector's middle half▼ 7.4%
Debt€284,103▼ 1.3%€285,512▲ 0.5%€288,256▲ 1.0%€263,039▼ 8.7%€254,875▼ 3.1%
Working capital-€165,540below the sector's middle half▼ 15.6%-€173,768below the sector's middle half▼ 5.0%-€182,920below the sector's middle half▼ 5.3%-€175,775below the sector's middle half▲ 3.9%-€189,678below the sector's middle half▼ 7.9%
Solvency-14.6%below the sector's middle half▼ 7.7pp-16.0%below the sector's middle half▼ 1.5pp-17.4%below the sector's middle half▼ 1.4pp-9.8%below the sector's middle half▲ 7.6pp-14.9%below the sector's middle half▼ 5.1pp
Current ratio0.07below the sector's middle half▼ 0.090.08below the sector's middle half▲ 0.020.10below the sector's middle half▲ 0.020.10below the sector's middle half=0.04below the sector's middle half▼ 0.06
Return on assets (ROA)-7.1%below the sector's middle half▼ 11.4pp-1.4%within the sector's middle half▲ 5.8pp-1.3%within the sector's middle half=8.0%within the sector's middle half▲ 9.4pp-4.3%below the sector's middle half▼ 12.3pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €6,336 after €27,361 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €221,805
Fixed assets
€214,551 ▼ 2.4%
Current assets
€7,254 ▼ 63.1%
Key figures and ratios
EBITDA
-€1,054▼
2023 · €32,644
Cash flow
-€4,225▼
2023 · €24,475
Debt to equity
-7.71▲
2023 · -11.16
Interest coverage
-0.38▼
2023 · 4.00
Debt ≤ 1 year
€196,932▲
2023 · €195,418
Debt > 1 year
€55,449▼
2023 · €67,121
Income taxes
€412
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,795 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- negative equity
- a small loss
2.1%
went bankrupt
6.0%
stopped otherwise
90%
still going
A further 1.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 2,795 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €59,339 | €54,582 | €52,621 | €76,713 | €19,522 | ▼ 74.6% |
| Goods, raw materials, services and sundry goods60/61 | - | €39,249 | €37,514 | €41,324 | €18,015 | ▼ 56.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,899 | €5,691 | €5,282 | €5,283 | €5,282 | = |
| Other operating charges640/8 | - | €2,489 | €2,512 | €2,746 | €2,561 | ▼ 6.7% |
| Gross operating margin9900 | €2,293 | €15,333 | €15,107 | €35,390 | €1,507 | ▼ 95.7% |
| Operating profit (loss)9901 | -€6,931 | €7,153 | €7,313 | €27,361 | -€6,336 | ▼ 123% |
| Financial income75/76B | - | - | €5 | - | - | - |
| Recurring financial income75 | €97 | - | €5 | - | - | - |
| Financial charges65/66B | - | €10,210 | €10,601 | €8,169 | €2,759 | ▼ 66.2% |
| Recurring financial charges65 | €10,847 | €10,210 | €10,601 | €8,169 | €2,759 | ▼ 66.2% |
| Profit (loss) for the period before taxes9903 | -€17,681 | -€3,057 | -€3,283 | €19,192 | -€9,095 | ▼ 147% |
| Income taxes67/77 | - | €327 | - | - | €412 | - |
| Profit (loss) for the period9904 | -€17,681 | -€3,384 | -€3,283 | €19,192 | -€9,507 | ▼ 150% |
| Profit (loss) for the period to be appropriated9905 | -€17,681 | -€3,384 | -€3,283 | €19,192 | -€9,507 | ▼ 150% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €248,015 | €246,040 | €245,501 | €239,476 | €221,805 | ▼ 7.4% |
| Fixed assets21/28 | €236,089 | €230,398 | €225,116 | €219,833 | €214,551 | ▼ 2.4% |
| Tangible fixed assets22/27 | €236,089 | €230,398 | €225,116 | €219,833 | €214,551 | ▼ 2.4% |
| Land and buildings22 | - | €228,898 | €223,616 | €218,333 | €213,051 | ▼ 2.4% |
| Plant, machinery and equipment23 | - | €1,500 | €1,500 | €1,500 | €1,500 | = |
| Current assets29/58 | €11,926 | €15,642 | €20,385 | €19,643 | €7,254 | ▼ 63.1% |
| Amounts receivable within one year40/41 | €1,706 | €11,335 | €10,841 | €10,503 | €2,240 | ▼ 78.7% |
| Trade receivables40 | - | €11,335 | €10,811 | €9,610 | €1,623 | ▼ 83.1% |
| Other amounts receivable41 | - | - | €30 | €893 | €617 | ▼ 30.9% |
| Cash at bank and in hand54/58 | €10,220 | €3,872 | €9,102 | €9,140 | €5,014 | ▼ 45.1% |
| Deferred charges and accrued income490/1 | - | €435 | €442 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €248,015 | €246,040 | €245,501 | €239,476 | €221,805 | ▼ 7.4% |
| Equity10/15 | -€36,088 | -€39,472 | -€42,755 | -€23,563 | -€33,070 | ▼ 40.3% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€44,148 | -€47,532 | -€50,815 | -€31,623 | -€41,130 | ▼ 30.1% |
| Amounts payable17/49 | €284,103 | €285,512 | €288,256 | €263,039 | €254,875 | ▼ 3.1% |
| Amounts payable after more than one year17 | €99,837 | €89,302 | €78,401 | €67,121 | €55,449 | ▼ 17.4% |
| Financial debts170/4 | - | €89,302 | €78,401 | €67,121 | €55,449 | ▼ 17.4% |
| Amounts payable within one year42/48 | €177,466 | €189,410 | €203,305 | €195,418 | €196,932 | ▲ 0.8% |
| Current portion of amounts payable after more than one year42 | - | €10,535 | €10,901 | €11,280 | €11,672 | ▲ 3.5% |
| Trade debts44 | €27,849 | €26,901 | €26,408 | €593 | €135 | ▼ 77.2% |
| Suppliers440/4 | - | €26,901 | €26,408 | €593 | €135 | ▼ 77.2% |
| Taxes, remuneration and social security45 | - | €27,332 | €27,149 | €27,149 | €27,355 | ▲ 0.8% |
| Taxes450/3 | - | €183 | €0 | - | - | - |
| Remuneration and social security454/9 | - | €27,149 | €27,149 | €27,149 | €27,355 | ▲ 0.8% |
| Other amounts payable47/48 | - | €124,642 | €138,847 | €156,396 | €157,770 | ▲ 0.9% |
| Accrued charges and deferred income492/3 | - | €6,800 | €6,550 | €500 | €2,494 | ▲ 399% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€17,681 | -€3,384 | -€3,283 | €19,192 | -€9,507 | ▼ 150% |
| + Depreciation and write-downs630 | €5,899 | €5,691 | €5,282 | €5,283 | €5,282 | = |
| Operating cash flow (approximation) | -€11,782 | €2,307 | €1,999 | €24,475 | -€4,225 | ▼ 117% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€6,348 | €5,230 | €38 | -€4,126 | ▼ 10,958% |
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
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
31-12
Financial
Back to profitnet €19,192
Net result €19,192 after 3 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
25-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 86 days late
2019
31-12
Financial
Back to profitnet €11,573
Net result €11,573 after one loss-making year.
23-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 54 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Tubize · 1 establishment unit since 2001
Ground area
1,454 m²
Building footprint
137 m²
Volume, LiDAR
1,148 m³
Parcel 25105C0006/00Z000, Wallonia · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
61
companies at this address
See who is registered here
1 establishment unit
SARGO
since 20012.098.538.679
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25105C0006/00Z000 | Wallonia | 1,453 m² | 1 · 137 m² | 10.3 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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 6,144 companies in sector 46190 we hold annual accounts for 2,577. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded23-07-2001
Fiscal year end31-12
Abbreviation FR
SARGO
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
46423Wholesale of clothing, excluding workwear and underwear
E-invoicing
Reachable via Peppol
Peppol ID
0208:0475369581
Also
9925:BE0475369581
Registered
16-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.