SARUELKO
ActiveSARUELKO has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €146k and a net result of €45k. Equity is growing by ~23.6% per year across the filed fiscal years. Its solvency ranks better than 73% of 2002 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
85
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability94=
Solvency92▲+26
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 5.96 against 1.13 in 2024; short-term debt: 13.2% and cash: 18.2% of total assets), and 33.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
66.8%
Return on assets
20.5%
Age of the figures
9 mo
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 01-07-2026, 30 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
30 d early
2024
30 d early
2023
26 d early
2022
28 d early
2021
25 d early
← before the deadline
after the deadline →
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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€146k▲ 44.2%
2024 · €102k
2021: €46k
2022: €79k
2023: €111k
2024: €102k
2021 → 2025
Total assets
€219k▼ 11.4%
2024 · €247k
2021: €105k
2022: €126k
2023: €144k
2024: €247k
2021 → 2025
Net result
€45k▼ 11.5%
2024 · €51k
2021: €41k
2022: €33k
2023: €32k
2024: €51k
2021 → 2025
Working capital
€143k▲ 1,163%
2024 · €11k
2021: €-16k
2022: €23k
2023: €58k
2024: €11k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€46k-€79k▲ 72.0%€111k▲ 41.1%€102k▼ 8.3%€146k▲ 44.2%
Operating result€60k-€42k▼ 30.5%€47k▲ 12.7%€53k▲ 11.8%€23k▼ 56.4%
Net result€41k-€33k▼ 19.2%€32k▼ 1.7%€51k▲ 57.2%€45k▼ 11.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 56% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €219k
Fixed assets
€47k▼ 68.2%
Current assets
€172k▲ 74.5%
Equity and liabilities €219k
Equity
€146k▲ 44.2%
Debt
€73k▼ 50.1%
The debt ratio falls from 58.9% to 33.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€24k▼
2024 · €54k
Cash flow
€46k▼
2024 · €52k
Solvency
66.8%▲
2024 · 41.1%
Current ratio
5.96▲
2024 · 1.13
Quick ratio
5.96▲
2024 · 1.13
Debt / equity
0.50▼
2024 · 1.43
ROE
30.7%▼
2024 · 50.0%
ROA
20.5%▼
2024 · 20.5%
Interest coverage
10.24▼
2024 · 29.28
Debt
€73k▼
2024 · €146k
Debt ≤ 1 year
€29k▼
2024 · €87k
Debt > 1 year
€44k▼
2024 · €58k
Income taxes
€7k▼
2024 · €11k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€247k€219k▼
Fixed assets21/28€149k€47k▼
Tangible fixed assets22/27€6k€5k▼
Furniture and vehicles24€2k€1k▼
Other tangible fixed assets26€4k€3k▼
Financial fixed assets28€142k€42k▼
Current assets29/58€99k€172k▲
Amounts receivable after more than one year29-€28k
Other amounts receivable291-€28k
Amounts receivable within one year40/41€16k€19k▲
Trade receivables40€14k€286▼
Other amounts receivable41€2k€18k▲
Current investments50/53€74k€83k▲
Cash at bank and in hand54/58€8k€40k▲
Deferred charges and accrued income490/1€945€2k▲
Equity and liabilities
Total equity and liabilities10/49€247k€219k▼
Equity10/15€102k€146k▲
Contributions10/11€5k€5k=
Reserves13€97k€141k▲
Distributable reserves133€97k€141k▲
Amounts payable17/49€146k€73k▼
Amounts payable after more than one year17€58k€44k▼
Financial debts170/4€58k€44k▼
Amounts payable within one year42/48€87k€29k▼
Current portion of amounts payable after more than one year42€14k€15k▲
Trade debts44€757€1k▲
Suppliers440/4€757€1k▲
Taxes, remuneration and social security45€10k€10k▲
Taxes450/3€10k€10k▲
Other amounts payable47/48€62k€3k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€1k▼
Other operating charges640/8€696€626▼
Gross operating margin9900€55k€25k▼
Operating profit (loss)9901€53k€23k▼
Financial income75/76B€11k€31k▲
Recurring financial income75€11k€31k▲
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€62k€52k▼
Income taxes67/77€11k€7k▼
Profit (loss) for the period9904€51k€45k▼
Profit (loss) for the period to be appropriated9905€51k€45k▼
Appropriation of the result
Profit (loss) to be appropriated9906€51k€45k▼
Transfer from equity791/2€9k-
Transfer to equity691/2-€45k
To other reserves6921-€45k
Profit to be distributed694/7€60k-
Return on contributions (dividend)694€60k-
The notes to these accounts (8 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
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Liquidity times 5current ratio 5.96
Current ratio from 1.13 to 5.96; short-term debt falls from €87k to €29k.
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2021net €51k ▲57.2%
Net result €51k, the highest in the series.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €32k ▼1.7%
Net result drops to €32k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 4.15
Current ratio from 1.60 to 4.15; short-term debt falls from €38k to €18k.
31-12
Financial
Equity above €100kEq €111k ▲41.1%
3 profitable years in a row build equity to €111k.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity doublescurrent ratio 1.60
Current ratio from 0.70 to 1.60; short-term debt falls from €55k to €38k.
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Lokeren · 1 establishment unit since 2020
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.
Sint-Jozefstraat 129160 LokerenGround area
2,804 m²
Building footprint
229 m²
Volume, LiDAR
1,477 m³
Parcel 46384C1277/00_000, Flanders · tallest building 10.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SARUELKO
since 20202.303.767.717
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46384C1277/00_000 | Flanders | 2,804 m² | 1 · 229 m² | 10.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
254900DTAPX2JE3PC789
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Yes In
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GERIBEL
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Of 11,555 companies in sector 71121 we hold annual accounts for 6,561. 5,232 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-06-2020
Fiscal year end31-12
Activities, NACEBEL
71121Engineering and related technical consultancy, excluding land surveyors
64200Holdings
64210Activities of holding companies
70200Business and other management consultancy
70220Business consulting
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:+32473480256