SAYGIN
ActiveSAYGIN has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €67k and a net result of €8k. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 29% of 36377 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
81
/ 100
Excellent▲ +25 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability61▲+52
Solvency49▲+20
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity tight (current ratio 1.28 against 1.26 in 2023), and 72.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
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 2024Solvency, return and age of the figures
Solvency
27.6%
Return on assets
3.4%
Age of the figures
20 mo
lowers risk · Growing equity
Equity grew over 2022-2024. Profits are largely retained rather than distributed.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €67k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-09-2025, 54 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
54 d late
2023
31 d late
2022
52 d late
2021
80 d late
2020
68 d late
2019
101 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€67k▲ 13.8%
2023 · €59k
2018: €58k
2019: €65k
2020: €77k
2021: €60k
2022: €58k
2023: €59k
2018 → 2024
Total assets
€244k▼ 27.9%
2023 · €339k
2018: €203k
2019: €234k
2020: €252k
2021: €377k
2022: €367k
2023: €339k
2018 → 2024
Net result
€8k▲ 632%
2023 · €1k
2018: €8k
2019: €7k
2020: €12k
2021: €11k
2022: €12k
2023: €1k
2018 → 2024
Working capital
€46k▼ 22.4%
2023 · €59k
2018: €51k
2019: €46k
2020: €75k
2021: €-17k
2022: €6k
2023: €59k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€77k-€60k▼ 21.9%€58k▼ 3.5%€59k▲ 1.9%€67k▲ 13.8%
Operating result€33k-€31k▼ 7.2%€35k▲ 14.3%€36k▲ 0.9%€38k▲ 7.4%
Net result€12k-€11k▼ 5.8%€12k▲ 9.4%€1k▼ 90.8%€8k▲ 632%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 7% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €244k
Fixed assets
€34k▼ 36.8%
Current assets
€211k▼ 26.2%
Equity and liabilities €244k
Equity
€67k▲ 13.8%
Debt
€177k▼ 36.8%
The debt ratio falls from 82.5% to 72.4%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€60k▼
2023 · €62k
Cash flow
€30k▲
2023 · €27k
Solvency
27.6%▲
2023 · 17.5%
Current ratio
1.28▲
2023 · 1.26
Quick ratio
1.25▲
2023 · 1.19
Debt / equity
2.62▼
2023 · 4.72
ROE
12.1%▲
2023 · 1.9%
ROA
3.4%▲
2023 · 0.3%
Interest coverage
2.46▲
2023 · 2.10
Debt
€177k▼
2023 · €280k
Debt ≤ 1 year
€165k▼
2023 · €226k
Debt > 1 year
€12k▼
2023 · €53k
Income taxes
€7k▲
2023 · €6k
Staff costs
€242k▲
2023 · €188k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€339k€244k▼
Fixed assets21/28€53k€34k▼
Tangible fixed assets22/27€53k€34k▼
Plant, machinery and equipment23€11k€9k▼
Furniture and vehicles24€42k€24k▼
Current assets29/58€286k€211k▼
Stocks and contracts in progress3€16k€6k▼
Stocks30/36€16k€6k▼
Amounts receivable within one year40/41€222k€163k▼
Trade receivables40€170k€110k▼
Other amounts receivable41€52k€53k▲
Cash at bank and in hand54/58€47k€40k▼
Deferred charges and accrued income490/1€732€2k▲
Equity and liabilities
Total equity and liabilities10/49€339k€244k▼
Equity10/15€59k€67k▲
Contributions10/11€16k€16k=
Reserves13€2k€10k▲
Distributable reserves133€2k€10k▲
Profit (loss) carried forward14€41k€41k▲
Amounts payable17/49€280k€177k▼
Amounts payable after more than one year17€53k€12k▼
Financial debts170/4€53k€12k▼
Amounts payable within one year42/48€226k€165k▼
Current portion of amounts payable after more than one year42€51k€54k▲
Financial debts43€63k€69k▲
Credit institutions430/8€13k€19k▲
Other loans439€50k€50k=
Trade debts44€97k€34k▼
Suppliers440/4€97k€34k▼
Taxes, remuneration and social security45€15k€8k▼
Taxes450/3€4k€2k▼
Remuneration and social security454/9€11k€6k▼
Accrued charges and deferred income492/3-€14
Income statement
Code20232024
Non-recurring operating income76A€35k-
Remuneration, social security and pensions62€188k€242k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€22k▼
Other operating charges640/8€11k€9k▼
Gross operating margin9900€261k€311k▲
Operating profit (loss)9901€36k€38k▲
Financial income75/76B€919€909▼
Recurring financial income75€919€909▼
Financial charges65/66B€29k€24k▼
Recurring financial charges65€29k€24k▼
Profit (loss) for the period before taxes9903€7k€15k▲
Income taxes67/77€6k€7k▲
Profit (loss) for the period9904€1k€8k▲
Profit (loss) for the period to be appropriated9905€1k€8k▲
Appropriation of the result
Profit (loss) to be appropriated9906€41k€49k▲
Profit (loss) brought forward from the previous period14P€40k€41k▲
Transfer to equity691/2-€8k
To other reserves6921-€8k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 54 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Weakest financial yearnet €1k ▼90.8%
Net result drops to €1k, the lowest in the series; recovery starts the following year.
21-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 52 days late
2022
31-12
Financial
Highest result since 2018net €12k ▲9.4%
Net result €12k, the highest in the series.
19-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 80 days late
2021
07-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 68 days late
2020
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 101 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 62 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2024
Türker SAYGIN
CurrentNon-statutory director · since 11-01-2024
11-01-2024
Appointed as Non-statutory director
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2010
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Jean Béthunestraat 449040 GentGround area
77 m²
Building footprint
77 m²
Volume, LiDAR
534 m³
Parcel 44432C0933/00T000, Flanders · tallest building 11.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SAYGIN
since 20102.187.989.012
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44432C0933/00T000 | Flanders | 77 m² | 1 · 77 m² | 11.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
M. DEMUYNCK
BE 0456.233.956
Kortrijk · Eq €67k
Gevelbepleistering Vliegen
BE 0839.107.507
Houthalen-Helchteren · Eq €67k
JM Quality
BE 0823.474.966
Bilzen-Hoeselt · Eq €68k
U.O.B
BE 0898.453.590
Hemiksem · Eq €67k
JANNIS CONSTRUCT
BE 0688.729.989
Lummen · Eq €68k
Of 3,986 companies in sector 43310 we hold annual accounts for 1,736. 1,517 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-05-2010
Fiscal year end31-12
Activities, NACEBEL
43310Plastering work
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43291Specialised construction activities
43320Joinery installation
43910Bricklaying and masonry work
43992Specialised construction activities
43994Specialised construction activities
81210General cleaning of buildings
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.