SASPUT
ActiveSummary
SASPUT has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.7m and a net result of -€130,824. Equity is growing by ~18.2% per year across the filed fiscal years. Its solvency ranks better than 86% of 13560 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability12▼-50
Solvency98▲+10
Growth52=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €95,000 at 30 days acceptable
Liquidity ample (current ratio 8.61 against 9.45 in 2024; short-term debt: 4% and cash: 15.6% of total assets), and 26.9% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
73.1%
Return on assets
-5.8%
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
14 d late
2023
29 d late
2022
31 d late
2021
31 d late
2020
89 d late
2019
118 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 44 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% 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
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€1.7m▲ 48.1%
2024 · €1.1m
Total assets
€2.3m▲ 26.9%
2024 · €1.8m
Net result
-€130,824▼ 1,160%
2024 · -€10,379
Working capital
€693,135▼ 18.7%
2024 · €852,784
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€103,281-€35,021€382,133-€12,346-€122,604▼ 893%
Net result€317,124-€63,367€368,952-€10,379-€130,824▼ 1,160%
Equity€822,041▲ 62.8%€758,675▼ 7.7%€1.1m▲ 48.6%€1.1m▼ 0.9%€1.7m▲ 48.1%
Total assets€1.8m▲ 18.8%€1.6m▼ 11.2%€1.9m▲ 19.6%€1.8m▼ 6.3%€2.3m▲ 26.9%
Debt€923,234▼ 3.5%€785,430▼ 14.9%€727,828▼ 7.3%€665,576▼ 8.6%€608,055▼ 8.6%
Working capital€320,457▲ 801%€255,033▼ 20.4%€888,510▲ 248%€852,784▼ 4.0%€693,135▼ 18.7%
Staff (FTE)2.5▼ 7.4%3▲ 20.0%18.8▲ 527%11.3▼ 39.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2025 Net result -1,160% on 2024. Cause not known from the registers.
- 2023 Staff (FTE) +527% on 2022. The accounts now follow the micro schema, last year the abbreviated schema.
- 2021 Equity +63% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €122,604 in 2025 against €12,346 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.3m
Fixed assets
€1.5m ▲ 78.4%
Current assets
€784,157 ▼ 17.8%
Equity and liabilities €2.3m
Equity
€1.7m ▲ 48.1%
Debt
€608,055 ▼ 8.6%
Debt's share of the balance-sheet total falls from 37.3% to 26.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
-€53,468▼
2024 · €60,974
Cash flow
-€61,688▼
2024 · €62,941
Current ratio
8.61▼
2024 · 9.45
Quick ratio
8.51▼
2024 · 9.35
Debt to equity
0.37▼
2024 · 0.60
ROE
-7.9%▼
2024 · -0.9%
ROA
-5.8%▼
2024 · -0.6%
Interest coverage
-4.27▼
2024 · 5.26
Debt ≤ 1 year
€91,022▼
2024 · €100,901
Debt > 1 year
€517,032▼
2024 · €564,674
Income taxes
€554▼
2024 · €600
Staff costs
€67,856▼
2024 · €78,649
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,594 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.0% 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 8,594 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €44,087 | €29,272 | €372,305 | €46,985 | - | - |
| Remuneration, social security and pensions62 | €53,483 | €84,878 | €81,600 | €78,649 | €67,856 | ▼ 13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €83,044 | €85,472 | €83,064 | €73,320 | €69,136 | ▼ 5.7% |
| Other operating charges640/8 | €6,085 | €15,432 | €8,804 | €8,021 | €11,748 | ▲ 46.5% |
| Non-recurring operating charges66A | €491 | €11,000 | - | €5,785 | - | - |
| Gross operating margin9900 | €246,383 | €161,760 | €555,601 | €153,429 | €26,136 | ▼ 83.0% |
| Operating profit (loss)9901 | €103,281 | -€35,021 | €382,133 | -€12,346 | -€122,604 | ▼ 893% |
| Financial income75/76B | €240,509 | €48 | €1,623 | €14,166 | €4,863 | ▼ 65.7% |
| Recurring financial income75 | €240,509 | €48 | €1,623 | €14,166 | €4,863 | ▼ 65.7% |
| Financial charges65/66B | €18,674 | €17,664 | €13,834 | €11,599 | €12,529 | ▲ 8.0% |
| Recurring financial charges65 | €18,674 | €17,664 | €13,834 | €11,599 | €12,529 | ▲ 8.0% |
| Profit (loss) for the period before taxes9903 | €325,116 | -€52,637 | €369,923 | -€9,779 | -€130,270 | ▼ 1,232% |
| Income taxes67/77 | €7,993 | €10,730 | €971 | €600 | €554 | ▼ 7.6% |
| Profit (loss) for the period9904 | €317,124 | -€63,367 | €368,952 | -€10,379 | -€130,824 | ▼ 1,160% |
| Profit (loss) for the period to be appropriated9905 | €317,124 | -€63,367 | €368,952 | -€10,379 | -€130,824 | ▼ 1,160% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.8m | €1.6m | €1.9m | €1.8m | €2.3m | ▲ 26.9% |
| Fixed assets21/28 | €1.3m | €1.2m | €907,894 | €829,139 | €1.5m | ▲ 78.4% |
| Tangible fixed assets22/27 | €987,836 | €935,141 | €907,494 | €828,739 | €1.5m | ▲ 78.4% |
| Land and buildings22 | €857,871 | €831,789 | €800,599 | €773,553 | €1.4m | ▲ 81.5% |
| Plant, machinery and equipment23 | €56,141 | €41,945 | €30,931 | €25,051 | €54,392 | ▲ 117% |
| Furniture and vehicles24 | €65,292 | €56,287 | €74,257 | €30,135 | €20,083 | ▼ 33.4% |
| Other tangible fixed assets26 | €8,532 | €5,119 | €1,706 | €0 | €0 | - |
| Financial fixed assets28 | €263,381 | €263,381 | €400 | €400 | €400 | = |
| Current assets29/58 | €541,044 | €392,568 | €994,546 | €953,685 | €784,157 | ▼ 17.8% |
| Stocks and contracts in progress3 | €6,446 | €8,303 | €6,922 | €9,981 | €9,981 | = |
| Stocks30/36 | €6,446 | €8,303 | €6,922 | €9,981 | €9,981 | = |
| Amounts receivable within one year40/41 | €66,578 | €51,290 | €40,818 | €240,489 | €213,607 | ▼ 11.2% |
| Trade receivables40 | €58,710 | €32,016 | €25,710 | €34,369 | €3,292 | ▼ 90.4% |
| Other amounts receivable41 | €7,867 | €19,274 | €15,108 | €206,120 | €210,315 | ▲ 2.0% |
| Current investments50/53 | - | - | - | - | €200,000 | - |
| Cash at bank and in hand54/58 | €467,257 | €329,767 | €942,595 | €700,224 | €354,134 | ▼ 49.4% |
| Deferred charges and accrued income490/1 | €763 | €3,208 | €4,211 | €2,991 | €6,436 | ▲ 115% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.8m | €1.6m | €1.9m | €1.8m | €2.3m | ▲ 26.9% |
| Equity10/15 | €822,041 | €758,675 | €1.1m | €1.1m | €1.7m | ▲ 48.1% |
| Contributions10/11 | €140,000 | €140,000 | €140,000 | €140,000 | €140,000 | = |
| Revaluation surpluses12 | - | - | - | - | €668,554 | - |
| Reserves13 | €682,041 | €682,041 | €987,627 | €987,627 | €987,627 | = |
| Non-distributable reserves130/1 | €59,000 | €59,000 | €59,000 | - | - | - |
| Reserves not available under the articles1311 | €59,000 | €59,000 | €59,000 | - | - | - |
| Distributable reserves133 | €623,041 | €623,041 | €928,627 | €987,627 | €987,627 | = |
| Profit (loss) carried forward14 | - | -€63,367 | - | -€10,379 | -€141,203 | ▼ 1,260% |
| Provisions and deferred taxes16 | €46,985 | €46,985 | €46,985 | - | - | - |
| Provisions for liabilities and charges160/5 | €46,985 | €46,985 | €46,985 | - | - | - |
| Other liabilities and charges164/5 | €46,985 | €46,985 | €46,985 | - | - | - |
| Amounts payable17/49 | €923,234 | €785,430 | €727,828 | €665,576 | €608,055 | ▼ 8.6% |
| Amounts payable after more than one year17 | €689,003 | €642,502 | €618,366 | €564,674 | €517,032 | ▼ 8.4% |
| Financial debts170/4 | €689,003 | €642,502 | €618,366 | €564,674 | €517,032 | ▼ 8.4% |
| Amounts payable within one year42/48 | €220,586 | €137,535 | €106,036 | €100,901 | €91,022 | ▼ 9.8% |
| Current portion of amounts payable after more than one year42 | €49,135 | €49,922 | €56,265 | €57,225 | €51,130 | ▼ 10.7% |
| Trade debts44 | €30,543 | €42,924 | €33,437 | €32,114 | €31,391 | ▼ 2.3% |
| Suppliers440/4 | €30,543 | €42,924 | €33,437 | €32,114 | €31,391 | ▼ 2.3% |
| Taxes, remuneration and social security45 | €17,298 | €11,259 | €14,473 | €11,562 | €8,501 | ▼ 26.5% |
| Taxes450/3 | €12,027 | €7,958 | €13,137 | €3,011 | €3,233 | ▲ 7.4% |
| Remuneration and social security454/9 | €5,271 | €3,301 | €1,335 | €8,551 | €5,268 | ▼ 38.4% |
| Other amounts payable47/48 | €123,610 | €33,429 | €1,861 | - | - | - |
| Accrued charges and deferred income492/3 | €13,645 | €5,393 | €3,427 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €317,124 | -€63,367 | €368,952 | -€10,379 | -€130,824 | ▼ 1,160% |
| + Depreciation and write-downs630 | €83,044 | €85,472 | €83,064 | €73,320 | €69,136 | ▼ 5.7% |
| Operating cash flow (approximation) | €400,167 | €22,105 | €452,016 | €62,941 | -€61,688 | ▼ 198% |
| Investment in fixed assets (approximation) | - | -€32,777 | €207,564 | €5,435 | -€718,872 | ▼ 13,327% |
| Change in cash | - | -€137,489 | €612,827 | -€242,370 | -€346,090 | ▼ 42.8% |
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
25-03
State Gazette act
Incorporation · Founder
Founding capital · Corporate purpose
25-03
State Gazette act
Incorporation · Founder
Founding capital · Bank account
2025
31-12
Financial
Weakest financial yearnet -€130,824
Net result drops to -€130,824, the lowest in the series.
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 14 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Back to profitnet €368,952
Net result €368,952 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 9.38
Current ratio from 2.85 to 9.38; short-term debt falls from €137,535 to €106,036.
31-12
Financial
Equity above €1mEq €1.1m ▲48.6%
Equity rises from €758,675 to €1.1m.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
31-12
Financial
Back to profitnet €317,124
Net result €317,124 after one loss-making year.
Show earlier events
31-12
Financial
Liquidity doublescurrent ratio 2.45
Current ratio from 1.16 to 2.45; short-term debt falls from €223,671 to €220,586.
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 89 days late
2020
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 118 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
16-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
7 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, Hasselt · 1 establishment unit since 1994
Ground area
2,428 m²
Building footprint
335 m²
Volume, LiDAR
583 m³
Parcel 71052D0435/00P000, Flanders · tallest building 13.3 m. Linked by address, not a title deed.
1 establishment unit
Sasput
since 19942.069.002.377
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71052D0435/00P000 | Flanders | 2,428 m² | 1 · 335 m² | 13.3 m |
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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2022 list no shareholders, and no other source names one.
Holdings 1
-
15%
According to the 2022 annual accounts of SASPUT and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
PBX Family Office
Shared director
→
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 11,846 EUR awarded · 9,697 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 6,660 EUR | 8,197 EUR |
| 2023 | 1 | 1,500 EUR | 1,500 EUR |
| 2022 | 1 | 3,686 EUR | 0 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteHasselt2.069.002.377
Similar companies · same sector, comparable size
JOB
BE 0475.847.455
Huy · Eq €1,653,753
HOEVE DEWALLEFF
BE 0875.196.158
Riemst · Eq €1,662,133
SALONS SAINT - GERMAIN
BE 0441.033.264
Diksmuide · Eq €1,662,292
MAEKELHOEVE
BE 0467.050.050
Laakdal · Eq €1,663,714
AMAJ
BE 0870.071.984
Kinrooi · Eq €1,664,047
Of 20,506 companies in sector 56111 we hold annual accounts for 11,454. 2,733 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
Founded13-10-1994
Fiscal year end31-12
Activities, NACEBEL 2025
55204Guest rooms (bed and breakfast)
56111Full-service restaurants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0453611986
Also
9925:BE0453611986
Registered
31-07-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.