Equity
€52,875 from €95,083 in 2023
Equity fell by 44% in 2 years.
SAS
Lifetime
5 annual accounts with figures on one time axispeak €63,853 (2023)
€2,017▼ 90.2%
lowest -€31,249 (2025)
-€31,249▼ €20,290
peak €95,083 (2023)
€52,875▼ 37.1%
€511,994▲ 97.8%
Board2 names since 2019
2 directors and 1 other
Documentsfilings and deeds
27-02-202627 days late
2025micro format
Gross margin from €20,510 to €2,017Loss of €31,249Equity from €84,124 to €52,875Debts from €258,804 to €511,994Investments €135,999Cash from €11,663 to €0
Key points
from the 2025 annual accountsLosses
-€42,208 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
Debts
€511,994 91% of the balance sheet
Financial debts 4%Suppliers 10%Taxes and wages 5%Other 82%
Of this, €493,080 falls due within a year.
Investments
€135,999 10.6 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 56.2% higher than in 2024.
Filings
5 annual accounts 5 late
The 2023 accounts came latest: 29 days after the end of the period.
Position in the sector
-€31,249
Lower net result than 88% of companies in real estate. Sector median €5,995 · 17,190 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 819 companies had the same profile as SAS has now. Each dot stands for 3 companies, two years later.
94.7%
were still trading
3.2%
stopped another way
1.8%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,448 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 819 companies, not a prediction for SAS. 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 check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Board and ownership
Director, since 16-10-2019
Director, since 16-10-2019
- 100 sharesdeed of 18-10-2019
Recent changes
Environmental permit refused
Nieuwbouw van bijgebouwen en niet overdekte lage constructie, Verbouwen en/of uitbreiden met functiewijziging en met wijziging van aantal woongelegenheden, Verbouwen en/of uitbreiden van bijgebouwen en niet overdekte lage constructies · Lier
Registered office moved from Antwerp to Wilrijk
New registered office: Michel Geysemansstraat 10, 2610 Wilrijk · Previous registered office: Léon Stynenstraat 70 bus 1602, 2000 Antwerpen · Board meeting of 01-12-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0736449239
Registered office moved from Niel to Antwerp
New registered office: Leon Srynenstraat 70 bus 1602, 2020 Antwerpen · Previous registered office: Wirixdreef 32, 2845 Niel · Board meeting of 14-03-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SAS Antwerp | €564,869 | €2,017 | 9.4% | - |
| Hassconstruct Hasselt | €534,324 | €2,770 | 14.4% | - |
| PRO/VEN Zandhoven | €603,233 | -€2,251 | 96.0% | - |
| MAYPOLE Herentals | €509,157 | -€3,691 | -19.1% | - |
| ZOLAR Putte | €659,990 | -€3,874 | -64.4% | - |
| Vast en Zeker Goed Herselt | €488,708 | -€10,367 | 14.3% | - |
| PINE PROJECTS Antwerp | €652,539 | -€255,920 | -28.5% | - |
These companies have the same main activity as SAS: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €489,000 and €660,000, founded in 2020.
Official details
Source: KBO- Status
- Active since 16-10-2019Normal situation
- Activity
- Development of residential building projectsNACE 68121and 3 others
- Establishment unit
- 2.294.931.5122230 Herselt, since 16-10-2019
- Financial year end
- 30 June
- Peppol
- Reachable since 26-11-2025
Annual accounts to 30-06-2025
- ≈ €8,400estimated
- €564,869▲ 64.7%
- ≈ 0.4 FTEestimated
- Filing
- Filed on 27-02-2026
Insights on SAS
SAS files the micro format. That format states no turnover. The gross margin fell from €61,895 in 2021 to €2,017 in 2025.
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 SAS
- What is the company number of SAS?
- The company number of SAS is 0736.449.239. The VAT number is the same number with BE in front: BE 0736.449.239.
- Where is SAS based?
- The registered office is at Michel Geysemansstraat 10, 2610 Antwerp.Company details
- What does SAS do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of SAS?
- SAS is a private limited company (BV).
- When was SAS founded?
- SAS was founded on 16-10-2019.
- Is SAS still active?
- Yes, SAS is an active enterprise in the KBO register.
- What is the turnover of SAS?
- The turnover in financial year 2025 is ≈ €8,400. This figure is estimated from the gross margin of €2,017 and 48 comparable companies (NACE 68121). It probably lies between €4,100 and €26,000. It is a rough estimate. In financial year 2021 turnover was €145,087.Financials
- Is SAS profitable?
- In financial year 2025, SAS made a loss of €31,249.
- Where can I find the annual accounts of SAS?
- SAS filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SAS due?
- SAS must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See which support similar companies received that this one did not.Subsidies Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.