Equity
€206,848 ▲ 178%
Equity rose in 2025 from €74,520 to €206,848.
SART - IMMO
Lifetime
19 annual accounts with figures on one time axis, 49 filings since 1977peak €13,027 (2024)
€10,269▼ 21.2%
lowest -€1,908 (2018)
€7,248▼ 18.9%
peak €206,848 (2025)
€206,848▲ 178%
€3,316▼ 23.6%
Board7 names since 2019
4 directorsBEDROCK SRL and 3 others
Owners2 names in the annual accounts
100%PROTEUS
Documentsfilings and deeds
14-04-2026108 days before the deadline
2025financial year
Gross margin from €13,027 to €10,2693 directors appointed, 1 reappointment 02-12Equity from €74,520 to €206,848Debts from €4,339 to €3,316Cash from €9,292 to €140,597
Key points
from the 2025 annual accountsTurnover
≈ €50,000 estimated
The accounts state no turnover.
Liquidity
42.40 was 2.14 in 2024
Short-term debts fell from €4,339 to €3,316.
Filings
49 annual accounts since 1977
Three of the last ten came late. The 2019 accounts came latest: 39 days after the end of the period.
Board
3 joined
New directors. Latest change 02-12-2025 · 4 in office.
Position in the sector
98.4%
Higher solvency than 95% of companies in crop and animal production. Sector median 43.9% · 565 companies.
Checked score
97
Excellent
Financially stronger than 77% of micro companies in crop and animal production (NACE 01)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 5,696 companies (NACE 01, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.2%▲ +0.1 percentage points vs 06-2025
08-2025: 0.1%▼ -0.1 percentage points vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.2%▲ +0.1 percentage points vs 01-2026highest value
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: < 0.1%▼ -0.2 percentage points vs 04-2026lowest value
06-2026: < 0.1%● unchanged vs 05-2026lowest value
07-2026: < 0.1%● unchanged vs 06-2026lowest value
08-2026: < 0.1%● unchanged vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
1 change of registered office in 24 months
lowers risk
Liquidity: current ratio 42.40, cash €140,597
Equity €206,848 (98.4% of total assets)
Sector: Crop and animal production, hunting and related service activities (NACE 01)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 01, micro). It does better than 92% of them on solvency, 98% on liquidity, 23% on profitability and 96% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 17,041 companies had the same profile as SART - IMMO has now. Each dot stands for 43 companies, two years later.
94.4%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SART - IMMO itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,041 companies, not a prediction for SART - IMMO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €20,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 42.4 (2.14 in 2024), above the usual 1.5. Short-term debt is 1.6% and cash 66.9% of total assets. 1.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 14-04-2026, 108 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
108 days early
2024
6 days early
2023
on the day
2022
32 days late
2021
6 days early
2020
16 days early
2019
39 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 9 days before the deadline. In the sector (NACE 01), the median for financial year 2024 was 3 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 25 July (4 of the last 5 accounts filed within 38 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0414128434
Capital increase of €886,089 to €1,073,669
Capital from €187,580 to €1,073,669 · 3,329 new shares · Contribution: HENRY de FRAHAN Régine · General meeting of 22-06-2026 · Gazette deed
Capital increase of €125,080 to €187,580
Capital from €62,500 to €187,580, 424 new shares · “La culture de terres agricoles, y compris la production végétale, la culture de céréales, de fruits, de…” (deed in French) · PROTEUS holds all the shares · General meeting of 29-12-2025 · Gazette deed
3 directors appointed, 1 reappointment
Reappointment: Serge BOHYN · Appointments: BEDROCK SRL (managing director), SEMSO SRL and Serge BOHYN (chair of the board) · Permanent representatives: Maxime BOHYN and Antoine BOHYN · Board meeting of 24-11-2025 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SART - IMMO Nandrin | €210,164 | €10,269 | 98.4% | - |
| SARTAGE Genappe | €196,056 | €10,250 | 67.0% | - |
| ANDRE DELANGRE Tournai | €245,674 | €10,296 | 99.3% | - |
| Ferme du Rivage Hannut | €240,054 | €15,040 | 68.8% | - |
| CHARNEUSAGRI Gedinne | €302,066 | €13,550 | -55.7% | - |
| AVISAIN Chastre | €303,916 | €14,521 | 18.5% | - |
| FERME POLARD - HICTER Clavier | €301,654 | €20,388 | 62.1% | - |
These companies have the same main activity as SART - IMMO: growing of cereals (except rice), leguminous crops and oil seeds (NACE 01110). They are comparable in size and age: total assets between €196,000 and €304,000, founded between 1973 and 1992.
Official details
Source: KBO- Status
- Active since 19-04-1974Normal situation
- Activity
- Growing of cereals (except rice), leguminous crops and oil seedsNACE 01110and 5 others
- Establishment unit
- 2.009.759.3311420 Braine-l'Alleud, since 01-05-1974
- Financial year end
- 31 December
- Peppol
- Reachable since 24-07-2026
Annual accounts 2025
- €210,164▲ 167%
- Filing
- Filed on 14-04-2026, 108 days before the end of the filing period
Insights on SART - IMMO
SART - IMMO has been active since 1974 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €206,848 and a net result of €7,248.
Equity has been growing by about 34% per year since 2018. Its solvency ranks better than 95% of 565 sector peers (NACE 01, financial year 2025).
The computed 12-month bankruptcy probability is below 0.1% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SART - IMMO
- What is the company number of SART - IMMO?
- The company number of SART - IMMO is 0414.128.434. The VAT number is the same number with BE in front: BE 0414.128.434.
- Where is SART - IMMO based?
- The registered office is at Chemin de Sotrez 87, 4550 Nandrin.Company details
- What does SART - IMMO do?
- According to the KBO register, the main activity is growing of cereals (except rice), leguminous crops and oil seeds (NACE 01110).
- What is the legal form of SART - IMMO?
- SART - IMMO is a public limited company (NV).
- When was SART - IMMO founded?
- SART - IMMO was founded on 19-04-1974.
- Is SART - IMMO still active?
- Yes, SART - IMMO is an active enterprise in the KBO register.
- What is the turnover of SART - IMMO?
- The turnover in financial year 2025 is ≈ €50,000. This figure is estimated from the gross margin of €10,269 and 33 comparable companies (NACE 01). It probably lies between €28,000 and €330,000. It is a rough estimate.Financials
- Is SART - IMMO profitable?
- In financial year 2025, SART - IMMO made a profit of €7,248.
- Where can I find the annual accounts of SART - IMMO?
- SART - IMMO filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SART - IMMO due?
- SART - IMMO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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