SASA
ActiveSummary
The computed 12-month bankruptcy probability of SASA is 6.0% (elevated). For SASA, at least two filing cycles of the annual accounts are missing. The 2021 annual accounts show negative equity (-€9,012) and a net result of €10,616. Equity is growing by ~42.8% per year across the filed fiscal years. The company has been active since 1989 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).
Checked score
No current score
Figures too old
The available figures for FY 2021 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Axes, FY 2021 · tick = 2020
Profitability94=
Solvency0=
Growth63▼-13
Track record84
Bankruptcy probability, 12 months
6.0%
Elevated
0%0.5%1.5%4%10%≥ 25%
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Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2021Solvency, return and age of the figures
Solvency
-33.5%
Return on assets
39.4%
Age of the figures
57 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline30-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 01-07-2022, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
30 d early
2020
9 d late
2019
7 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 5 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Late accounts filingAddress struck
History
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Financials · fiscal year 2021, micro schema
Turnover
€100,184▼ 19.8%
2020 · €124,968
EBIT margin
13.2%▼ 2.5pp
2020 · 15.7%
Net result
€10,616▼ 41.0%
2020 · €17,985
Working capital
-€15,523▲ 17.3%
2020 · -€18,770
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
Line2018201920202021
Turnover€99,817-€131,369▲ 31.6%€124,968▼ 4.9%€100,184▼ 19.8%
Operating result€1,337-€9,683▲ 624%€19,590▲ 102%€13,220▼ 32.5%
Net result-€908-€7,138€17,985▲ 152%€10,616▼ 41.0%
EBIT margin1.3%-7.4%▲ 6.0pp15.7%▲ 8.3pp13.2%▼ 2.5pp
Equity-€44,750--€37,612▲ 16.0%-€19,627▲ 47.8%-€9,012▲ 54.1%
Total assets€8,570-€10,774▲ 25.7%€28,632▲ 166%€26,935▼ 5.9%
Debt€53,320-€48,386▼ 9.3%€48,260▼ 0.3%€35,947▼ 25.5%
Working capital-€40,201--€33,294▲ 17.2%-€18,770▲ 43.6%-€15,523▲ 17.3%
Result per fiscal year
Operating resultNet result
The operating result falls in 2021; 2021 is 33% below 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €26,935
Fixed assets
€9,544 ▼ 13.3%
Current assets
€17,391 ▼ 1.3%
Key figures and ratios
EBITDA
€15,627▼
2020 · €20,957
Cash flow
€13,023▼
2020 · €19,352
Solvency
-33.5%▲
2020 · -68.6%
Current ratio
0.53▲
2020 · 0.48
Quick ratio
0.48▲
2020 · 0.45
Debt to equity
-3.99▼
2020 · -0.60
ROA
39.4%▼
2020 · 62.8%
Interest coverage
6.28
Debt ≤ 1 year
€32,914▼
2020 · €36,398
Debt > 1 year
€3,033▼
2020 · €11,861
Income taxes
€117▲
2020 · €99
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Turnover70 | €99,817 | €131,369 | €124,968 | €100,184 | ▼ 19.8% |
| Non-recurring operating income76A | - | - | - | €6,500 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €90,921 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €34 | €34 | €1,368 | €2,407 | ▲ 76.0% |
| Other operating charges640/8 | - | - | - | €736 | - |
| Gross operating margin9900 | €8,179 | €38,202 | €31,861 | €16,363 | ▼ 48.6% |
| Operating profit (loss)9901 | €1,337 | €9,683 | €19,590 | €13,220 | ▼ 32.5% |
| Recurring financial income75 | €5 | €0 | €0 | - | - |
| Financial charges65/66B | - | - | - | €2,487 | - |
| Recurring financial charges65 | €2,196 | €2,445 | €1,506 | €2,487 | ▲ 65.1% |
| Profit (loss) for the period before taxes9903 | -€854 | €7,238 | €18,083 | €10,733 | ▼ 40.6% |
| Income taxes67/77 | €54 | €100 | €99 | €117 | ▲ 18.2% |
| Profit (loss) for the period9904 | -€908 | €7,138 | €17,985 | €10,616 | ▼ 41.0% |
| Profit (loss) for the period to be appropriated9905 | -€908 | €7,138 | €17,985 | €10,616 | ▼ 41.0% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €8,570 | €10,774 | €28,632 | €26,935 | ▼ 5.9% |
| Fixed assets21/28 | €1,306 | €1,272 | €11,003 | €9,544 | ▼ 13.3% |
| Tangible fixed assets22/27 | €60 | €26 | €9,899 | €8,439 | ▼ 14.7% |
| Furniture and vehicles24 | - | - | - | €8,439 | - |
| Financial fixed assets28 | €1,246 | €1,246 | €1,105 | €1,105 | = |
| Current assets29/58 | €7,264 | €9,503 | €17,629 | €17,391 | ▼ 1.3% |
| Stocks and contracts in progress3 | €1,732 | €1,833 | €1,320 | €1,464 | ▲ 11.0% |
| Stocks30/36 | - | - | - | €1,464 | - |
| Amounts receivable within one year40/41 | €25 | €908 | €2,266 | €2,103 | ▼ 7.2% |
| Trade receivables40 | - | - | - | €119 | - |
| Other amounts receivable41 | - | - | - | €1,984 | - |
| Cash at bank and in hand54/58 | €5,506 | €6,762 | €14,043 | €13,683 | ▼ 2.6% |
| Deferred charges and accrued income490/1 | - | - | - | €140 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €8,570 | €10,774 | €28,632 | €26,935 | ▼ 5.9% |
| Equity10/15 | -€44,750 | -€37,612 | -€19,627 | -€9,012 | ▲ 54.1% |
| Contributions10/11 | €19,000 | €19,000 | €19,000 | €19,000 | = |
| Reserves13 | €1,900 | €1,900 | €1,900 | €1,900 | = |
| Non-distributable reserves130/1 | - | - | - | €1,900 | - |
| Reserves not available under the articles1311 | - | - | - | €1,900 | - |
| Profit (loss) carried forward14 | -€65,650 | -€58,512 | -€40,527 | -€29,912 | ▲ 26.2% |
| Amounts payable17/49 | €53,320 | €48,386 | €48,260 | €35,947 | ▼ 25.5% |
| Amounts payable after more than one year17 | €5,854 | €2,437 | €11,861 | €3,033 | ▼ 74.4% |
| Financial debts170/4 | - | - | - | €3,033 | - |
| Amounts payable within one year42/48 | €47,465 | €42,796 | €36,398 | €32,914 | ▼ 9.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €4,788 | - |
| Trade debts44 | €4,682 | €5,638 | - | €3,963 | - |
| Suppliers440/4 | - | - | - | €3,963 | - |
| Taxes, remuneration and social security45 | - | - | - | €333 | - |
| Taxes450/3 | - | - | - | €166 | - |
| Remuneration and social security454/9 | - | - | - | €167 | - |
| Other amounts payable47/48 | - | - | - | €23,830 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€908 | €7,138 | €17,985 | €10,616 | ▼ 41.0% |
| + Depreciation and write-downs630 | €34 | €34 | €1,368 | €2,407 | ▲ 76.0% |
| Operating cash flow (approximation) | -€874 | €7,172 | €19,352 | €13,023 | ▼ 32.7% |
| Investment in fixed assets (approximation) | - | €0 | -€11,100 | -€947 | ▲ 91.5% |
| Change in cash | - | €1,256 | €7,282 | -€360 | ▼ 105% |
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
2026
28-08
KBO administration
Late accounts filing
event 18-08-2026
2024
22-08
KBO administration
Address struck
event 01-08-2024
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
09-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 9 days late
2020
31-12
Financial
Highest result since 2018net €17,985 ▲152%
Operating result €19,590, net result €17,985, both a record.
07-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 7 days late
2019
31-12
Financial
Back to profitnet €7,138
Net result €7,138 after one loss-making year.
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 12 days late
2018
22-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 83 days late
2017
26-12
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 148 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 61 days late
2015
30-09
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 61 days late
2014
26-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 26 days late
2013
27-09
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 58 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Wellin · 1 establishment unit since 2003
Ground area
1,689 m²
Building footprint
138 m²
Volume, LiDAR
1,245 m³
Parcel 84025B0723/00Y000, Wallonia · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SASA SPRL
since 20032.133.033.859
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 84025B0723/00Y000 | Wallonia | 1,689 m² | 1 · 138 m² | 10.9 m · 3 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.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded21-02-1989
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.