SASEL
ActiveSummary
The annual accounts of SASEL for fiscal year 2024 show a net loss of 63% of total assets. The 2024 annual accounts show equity of €1.0m and a net result of -€629,708. The company has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.1% (very low).
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Signals
This company filed its last 2 accounts on average 30 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
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Peer companies
Historical observationOf the 928 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 90% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% | 1.7% |
| 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 75% 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 928 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.
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €28,831 | €29,809 | ▲ 3.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €35,611 | €48,938 | ▲ 37.4% |
| Other operating charges640/8 | - | €1,317 | - |
| Gross operating margin9900 | €418,745 | -€563,405 | ▼ 235% |
| Operating profit (loss)9901 | €354,303 | -€643,469 | ▼ 282% |
| Financial income75/76B | €4,089 | €18,439 | ▲ 351% |
| Recurring financial income75 | €4,089 | €18,439 | ▲ 351% |
| Financial charges65/66B | €20,285 | €3,376 | ▼ 83.4% |
| Recurring financial charges65 | €6,422 | €3,376 | ▼ 47.4% |
| Non-recurring financial charges66B | €13,864 | - | - |
| Profit (loss) for the period before taxes9903 | €338,106 | -€628,405 | ▼ 286% |
| Income taxes67/77 | €1,227 | €1,303 | ▲ 6.2% |
| Profit (loss) for the period9904 | €336,879 | -€629,708 | ▼ 287% |
| Profit (loss) for the period to be appropriated9905 | €336,879 | -€629,708 | ▼ 287% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €1.6m | €1.0m | ▼ 38.5% |
| Fixed assets21/28 | €535,094 | €558,705 | ▲ 4.4% |
| Tangible fixed assets22/27 | €535,094 | €558,705 | ▲ 4.4% |
| Land and buildings22 | €415,068 | €420,307 | ▲ 1.3% |
| Plant, machinery and equipment23 | €120,027 | €138,397 | ▲ 15.3% |
| Current assets29/58 | €1.1m | €448,814 | ▼ 59.3% |
| Amounts receivable within one year40/41 | - | €434 | - |
| Trade receivables40 | - | €434 | - |
| Current investments50/53 | €500,000 | - | - |
| Cash at bank and in hand54/58 | €602,132 | €448,380 | ▼ 25.5% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €1.6m | €1.0m | ▼ 38.5% |
| Equity10/15 | €1.6m | €1.0m | ▼ 38.5% |
| Profit (loss) carried forward14 | €1.6m | €1.0m | ▼ 38.5% |
| Amounts payable17/49 | €1,134 | €1,134 | = |
| Amounts payable within one year42/48 | €1,134 | €1,134 | = |
| Taxes, remuneration and social security45 | €1,134 | €1,134 | = |
| Taxes450/3 | €776 | €732 | ▼ 5.7% |
| Remuneration and social security454/9 | €358 | €402 | ▲ 12.4% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €336,879 | -€629,708 | ▼ 287% |
| + Depreciation and write-downs630 | €35,611 | €48,938 | ▲ 37.4% |
| Operating cash flow (approximation) | €372,490 | -€580,770 | ▼ 256% |
| Investment in fixed assets (approximation) | - | -€72,548 | - |
| Change in cash | - | -€153,752 | - |
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
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11039D0119/00P006 | Flanders | 203 m² | 1 · 203 m² | 15.9 m · 2 fl. |
Linked by address, not proof of ownership
Recognitions · licences · registrations
Legal Entity Identifier
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 28 September 2026 · Peppol Directory
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