SAS
ActiveSummary
SAS has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13,641 and a net result of €8,641. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 6% of 16718 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▼-2
Solvency26▲+1
Growth32=
Track record94
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.7 against 0.47 in 2024; short-term debt: 20.3% and cash: 6.2% of total assets), and 98.6% of the assets are financed with debt.
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Signals
Five 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 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% fewer bankruptcies
← 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
1.4%
Return on assets
0.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 6% of 16718 sector peers (2025).
NBB · sector comparisonPosition among 16718 sector peers
Solvency
better than 6%
← weakest
strongest →
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 24-07-2026, 7 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
7 d early
2024
35 d early
2023
68 d late
2022
11 d late
2021
88 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 25 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€13,641▲ 173%
2024 · €5,000
Total assets
€992,671▼ 5.7%
2024 · €1.1m
Net result
€8,641▼ 68.3%
2024 · €27,279
Working capital
-€60,423▲ 37.1%
2024 · -€96,111
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€90,406-€116,877▲ 29.3%-€24,396€40,171€34,315▼ 14.6%
Net result€82,062-€84,458▲ 2.9%-€19,973€27,279€8,641▼ 68.3%
Equity€87,062-€171,520▲ 97.0%€151,547▼ 11.6%€5,000▼ 96.7%€13,641▲ 173%
Total assets€1.5m-€1.4m▼ 9.8%€1.2m▼ 10.4%€1.1m▼ 13.7%€992,671▼ 5.7%
Debt€1.4m-€1.2m▼ 16.3%€1.1m▼ 10.2%€1.0m▼ 2.0%€979,029▼ 6.5%
Working capital€30,217-€32,746▲ 8.4%€31,867▼ 2.7%-€96,111-€60,423▲ 37.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 15% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €992,671
Fixed assets
€851,427 ▼ 12.1%
Current assets
€141,244 ▲ 67.7%
Equity and liabilities €992,671
Equity
€13,641 ▲ 173%
Debt
€979,029 ▼ 6.5%
Debt's share of the balance-sheet total falls from 99.5% to 98.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€157,066▼
2024 · €165,679
Cash flow
€131,392▼
2024 · €152,788
Current ratio
0.70▲
2024 · 0.47
Debt to equity
71.77
ROE
63.3%▼
2024 · 545.6%
ROA
0.9%▼
2024 · 2.6%
Interest coverage
19.92▲
2024 · 19.01
Debt ≤ 1 year
€201,666▲
2024 · €180,311
Debt > 1 year
€777,363▼
2024 · €867,310
Income taxes
€17,788▲
2024 · €4,178
Staff costs
€2,396▲
2024 · €1,393
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,600 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Small
- 5 to 10 years old
- solvency under 10%
- a profit under 5% of the balance sheet
1.6%
went bankrupt
1.7%
stopped otherwise
96%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 1,600 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €1,338 | €3,732 | €2,015 | €1,393 | €2,396 | ▲ 72.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €153,041 | €120,244 | €125,618 | €125,509 | €122,751 | ▼ 2.2% |
| Other operating charges640/8 | €2,054 | €2,616 | €2,081 | €2,126 | €2,292 | ▲ 7.8% |
| Gross operating margin9900 | €246,840 | €243,469 | €105,318 | €169,199 | €161,754 | ▼ 4.4% |
| Operating profit (loss)9901 | €90,406 | €116,877 | -€24,396 | €40,171 | €34,315 | ▼ 14.6% |
| Financial income75/76B | €2,190 | €4,338 | €4,199 | €0 | €0 | ▼ 100% |
| Recurring financial income75 | €2,190 | €4,338 | €4,199 | €0 | €0 | ▼ 100% |
| Financial charges65/66B | €10,534 | €11,632 | €9,552 | €8,714 | €7,886 | ▼ 9.5% |
| Recurring financial charges65 | €10,534 | €11,632 | €9,552 | €8,714 | €7,886 | ▼ 9.5% |
| Profit (loss) for the period before taxes9903 | €82,062 | €109,582 | -€29,748 | €31,457 | €26,429 | ▼ 16.0% |
| Income taxes67/77 | - | €25,124 | -€9,775 | €4,178 | €17,788 | ▲ 326% |
| Profit (loss) for the period9904 | €82,062 | €84,458 | -€19,973 | €27,279 | €8,641 | ▼ 68.3% |
| Profit (loss) for the period to be appropriated9905 | €82,062 | €84,458 | -€19,973 | €27,279 | €8,641 | ▼ 68.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.5m | €1.4m | €1.2m | €1.1m | €992,671 | ▼ 5.7% |
| Fixed assets21/28 | €1.2m | €1.2m | €1.1m | €968,421 | €851,427 | ▼ 12.1% |
| Tangible fixed assets22/27 | €1.2m | €1.2m | €1.1m | €968,421 | €851,427 | ▼ 12.1% |
| Land and buildings22 | €1.1m | €1.1m | €1.0m | €936,347 | €838,906 | ▼ 10.4% |
| Plant, machinery and equipment23 | €65,378 | €50,387 | €39,022 | €23,665 | €8,661 | ▼ 63.4% |
| Furniture and vehicles24 | €14,026 | €19,061 | €16,206 | €8,408 | €3,859 | ▼ 54.1% |
| Current assets29/58 | €298,130 | €164,797 | €139,339 | €84,200 | €141,244 | ▲ 67.7% |
| Amounts receivable within one year40/41 | €258,653 | €67,715 | €107,293 | €46,875 | €79,535 | ▲ 69.7% |
| Trade receivables40 | €192,528 | €4,221 | €3,309 | €37,145 | €73,713 | ▲ 98.4% |
| Other amounts receivable41 | €66,126 | €63,493 | €103,984 | €9,731 | €5,822 | ▼ 40.2% |
| Cash at bank and in hand54/58 | €39,476 | €94,013 | €29,968 | €35,216 | €61,709 | ▲ 75.2% |
| Deferred charges and accrued income490/1 | - | €3,070 | €2,078 | €2,109 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.5m | €1.4m | €1.2m | €1.1m | €992,671 | ▼ 5.7% |
| Equity10/15 | €87,062 | €171,520 | €151,547 | €5,000 | €13,641 | ▲ 173% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €82,062 | €166,520 | €146,547 | €0 | €8,641 | - |
| Distributable reserves133 | €82,062 | €166,520 | €146,547 | €0 | €8,641 | - |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €1.4m | €1.2m | €1.1m | €1.0m | €979,029 | ▼ 6.5% |
| Amounts payable after more than one year17 | €1.2m | €1.1m | €961,137 | €867,310 | €777,363 | ▼ 10.4% |
| Financial debts170/4 | €1.2m | €1.1m | €961,137 | €867,310 | €777,363 | ▼ 10.4% |
| Amounts payable within one year42/48 | €267,913 | €132,051 | €107,472 | €180,311 | €201,666 | ▲ 11.8% |
| Current portion of amounts payable after more than one year42 | €95,228 | €95,811 | €96,584 | €96,888 | €89,947 | ▼ 7.2% |
| Trade debts44 | €172,447 | €7,505 | €6,440 | €31,956 | €58,621 | ▲ 83.4% |
| Suppliers440/4 | €172,447 | €7,505 | €6,440 | €31,956 | €58,621 | ▲ 83.4% |
| Taxes, remuneration and social security45 | - | €27,572 | €2,752 | €7,198 | €16,479 | ▲ 129% |
| Taxes450/3 | - | €27,572 | €2,752 | €7,198 | €16,479 | ▲ 129% |
| Other amounts payable47/48 | €238 | €1,162 | €1,697 | €44,268 | €36,620 | ▼ 17.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €82,062 | €84,458 | -€19,973 | €27,279 | €8,641 | ▼ 68.3% |
| + Depreciation and write-downs630 | €153,041 | €120,244 | €125,618 | €125,509 | €122,751 | ▼ 2.2% |
| Operating cash flow (approximation) | €235,103 | €204,702 | €105,645 | €152,788 | €131,392 | ▼ 14.0% |
| Investment in fixed assets (approximation) | - | -€106,362 | -€9,940 | -€13,112 | -€5,757 | ▲ 56.1% |
| Change in cash | - | €54,536 | -€64,045 | €5,248 | €26,493 | ▲ 405% |
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
Next filing, fiscal year 2026, expected by
2026
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €27,279
Net result €27,279 after one loss-making year.
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
31-12
Financial
Weakest financial yearnet -€19,973
Net result drops to -€19,973, the lowest in the series; recovery starts the following year.
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 11 days late
2022
31-12
Financial
Highest result since 2021net €84,458 ▲2.9%
Operating result €116,877, net result €84,458, both a record.
31-12
Financial
Equity above €150,000Eq €171,520 ▲97%
2 profitable years in a row build equity to €171,520.
27-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 88 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, Knokke-Heist · 1 establishment unit since 2020
Ground area
196 m²
Building footprint
188 m²
Volume, LiDAR
4,879 m³
Parcel 31008I0111/00A000, Flanders · tallest building 28.7 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
SAS
since 20202.310.940.371
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31008I0111/00A000 | Flanders | 196 m² | 1 · 188 m² | 28.7 m · 9 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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Of 16,631 companies in sector 86220 we hold annual accounts for 7,983. 2,521 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded02-12-2020
Fiscal year end31-12
Activities, NACEBEL 2025
86220Specialist medical practice
70200Business and other management consultancy
86995Nutrition and dietetics services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0759371329
Also
9925:BE0759371329
Registered
05-01-2021
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.