SARGON
ActiveSummary
The computed 12-month bankruptcy probability of SARGON is 2.6% (moderate). The 2025 annual accounts show negative equity (€-16k) and a net result of €-11k. Equity is shrinking by ~66.7% per year across the filed fiscal years. Its solvency ranks better than 15% of 18280 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
21
/ 100
Critical
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency0▼-16
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
2.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.18 against 1.23 in 2024; short-term debt: 84.6% and cash: 9.8% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Five 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 2025Solvency, return and age of the figures
Solvency
-28.1%
Return on assets
-19.2%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year €-16k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 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 · 6 filingsDeviation from the deadline
2025
27 d late
2024
22 d late
2023
26 d late
2022
28 d late
2021
81 d late
2020
27 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-16k▼ 216%
2024 · €-5k
2020: €45k
2021: €57k
2022: €30k
2023: €15k
2024: €-5k
2020 → 2025
Total assets
€58k▲ 5.3%
2024 · €55k
2020: €157k
2021: €119k
2022: €81k
2023: €66k
2024: €55k
2020 → 2025
Net result
€-11k▲ 44.0%
2024 · €-20k
2020: €-15k
2021: €11k
2022: €-27k
2023: €-15k
2024: €-20k
2020 → 2025
Working capital
€9k▼ 11.9%
2024 · €10k
2020: €68k
2021: €58k
2022: €31k
2023: €16k
2024: €10k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€57k-€30k▼ 47.4%€15k▼ 50.5%€-5k€-16k▼ 216%
Operating result€12k-€-27k€-15k▲ 44.2%€-20k▼ 33.2%€-11k▲ 44.8%
Net result€11k-€-27k€-15k▲ 43.9%€-20k▼ 32.3%€-11k▲ 44.0%
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 €11k in 2025 against €20k in 2024; the loss shrinks.
Key figures and ratios
Solvency
-28.1%▼
2024 · -9.4%
Current ratio
1.18▼
2024 · 1.23
Quick ratio
0.67▲
2024 · 0.65
Debt to equity
-4.56▲
2024 · -11.68
ROA
-19.2%▲
2024 · -36.1%
Debt
€74k▲
2024 · €60k
Debt ≤ 1 year
€49k▲
2024 · €45k
Debt > 1 year
€25k▲
2024 · €15k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 36 lines
Balance sheet
Code20242025
Assets
Total assets20/58€55k€58k▲
Current assets29/58€55k€58k▲
Stocks and contracts in progress3€26k€25k▼
Stocks30/36€26k€25k▼
Amounts receivable within one year40/41€27k€27k▼
Trade receivables40€26k€27k▲
Other amounts receivable41€1k-
Cash at bank and in hand54/58€2k€6k▲
Deferred charges and accrued income490/1€142€364▲
Equity and liabilities
Total equity and liabilities10/49€55k€58k▲
Equity10/15€-5k€-16k▼
Contributions10/11€60k€60k=
Profit (loss) carried forward14€-65k€-76k▼
Amounts payable17/49€60k€74k▲
Amounts payable after more than one year17€15k€25k▲
Financial debts170/4€15k€25k▲
Amounts payable within one year42/48€45k€49k▲
Trade debts44€7k€8k▲
Suppliers440/4€7k€8k▲
Taxes, remuneration and social security45€2k€1k▼
Taxes450/3€2k€1k▼
Other amounts payable47/48€36k€40k▲
Accrued charges and deferred income492/3€324€262▼
Income statement
Code20242025
Other operating charges640/8€266€270▲
Gross operating margin9900€-20k€-11k▲
Operating profit (loss)9901€-20k€-11k▲
Financial income75/76B€151€125▼
Recurring financial income75€31€5▼
Non-recurring financial income76B€120€120=
Financial charges65/66B€261€328▲
Recurring financial charges65€261€328▲
Profit (loss) for the period before taxes9903€-20k€-11k▲
Profit (loss) for the period9904€-20k€-11k▲
Profit (loss) for the period to be appropriated9905€-20k€-11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-65k€-76k▼
Profit (loss) brought forward from the previous period14P€-45k€-65k▼
The notes to these accounts (4 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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
31-12
Financial
Weakest financial yearnet €-27k ▼335%
Net result drops to €-27k, the lowest in the series; recovery starts the following year.
20-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 81 days late
2021
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Mechelen · 1 establishment unit since 2019
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.
Kalverenstraat 42800 MechelenGround area
1,950 m²
Building footprint
1,702 m²
Volume, LiDAR
6,327 m³
2 parcels, Flanders · tallest building 14.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SARGON
since 20192.291.784.752
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12402C0066/00P004 | Flanders | 1,789 m² | 1 · 1,605 m² | 14.6 m · 1 fl. |
| 12402C0184/00W002 | Flanders | 162 m² | 1 · 96 m² | 11.4 m · 3 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.
Similar companies · same sector, comparable size
SAJ
BE 0508.467.763
Mettet · Eq €14,747
XIMCO
BE 0757.843.083
Gent · Eq €14,766
FDC Enterprise
BE 0805.679.030
Antwerpen · Eq €14,776
ZK FOOD
BE 0837.793.651
Anderlecht · Eq €14,785
LOV.T Creations
BE 1002.845.782
Waregem · Eq €14,690
Of 12,958 companies in sector 47120 we hold annual accounts for 2,190. 1,331 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-08-2019
Fiscal year end31-12
Activities, NACEBEL 2025
47120Other non-specialised retail sale
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.