SG
ActiveSummary
The computed 12-month bankruptcy probability of SG is 2.7% (moderate). The 2024 annual accounts show equity of €592,699 and a net result of -€304,716. Equity is growing by ~20.7% per year across the filed fiscal years. The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability27▼-65
Solvency33▼-28
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.39 against 0.21 in 2023; short-term debt: 91.7% of total assets), and 91.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+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 2024Solvency, return and age of the figures
Solvency
8.3%
Return on assets
-4.3%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-06-2025, 44 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
44 d early
2023
29 d late
2022
31 d late
2021
31 d late
2020
30 d late
2019
89 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 28 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
Equity
€592,699▼ 34.0%
2023 · €897,415
Total assets
€7.1m▲ 185%
2023 · €2.5m
Net result
-€304,716
2023 · €545,653
Working capital
-€4.0m▼ 1,911%
2023 · -€198,376
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
Line20202021202220232024
Operating result-€13,936-€12,627▲ 9.4%-€9,992▲ 20.9%-€10,354▼ 3.6%-€48,489▼ 368%
Net result-€34,873-€13,348▲ 61.7%-€22,900▼ 71.6%€545,653-€304,716
Equity€388,010▼ 8.2%€374,662▼ 3.4%€351,762▼ 6.1%€897,415▲ 155%€592,699▼ 34.0%
Total assets€3.1m▼ 5.8%€3.0m▼ 3.6%€3.0m▲ 0.6%€2.5m▼ 17.2%€7.1m▲ 185%
Debt€2.7m▼ 5.4%€2.6m▼ 3.6%€2.7m▲ 1.6%€1.6m▼ 39.9%€6.5m▲ 307%
Working capital€367,868▼ 20.7%€923,264▲ 151%€249,374▼ 73.0%-€198,376-€4.0m▼ 1,911%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €48,489 in 2024 against €10,354 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €7.1m
Fixed assets
€4.6m ▲ 87.0%
Current assets
€2.6m ▲ 4,621%
Equity and liabilities €7.1m
Equity
€592,699 ▼ 34.0%
Debt
€6.5m ▲ 307%
Debt's share of the balance-sheet total rises from 64.2% to 91.7%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
0.39▲
2023 · 0.21
Debt to equity
11.05▲
2023 · 1.79
ROE
-51.4%▼
2023 · 60.8%
ROA
-4.3%▼
2023 · 21.8%
Debt ≤ 1 year
€6.5m▲
2023 · €252,541
Income taxes
€35,732▼
2023 · €251,181
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €2,894 | €2,452 | €2,609 | €3,004 | ▲ 15.2% |
| Non-recurring operating charges66A | - | - | - | - | €35,474 | - |
| Gross operating margin9900 | -€10,809 | -€9,733 | -€7,540 | -€7,746 | -€10,010 | ▼ 29.2% |
| Operating profit (loss)9901 | -€13,936 | -€12,627 | -€9,992 | -€10,354 | -€48,489 | ▼ 368% |
| Financial income75/76B | - | €1,496 | €90 | €813,200 | €308,556 | ▼ 62.1% |
| Recurring financial income75 | €13,572 | €1,496 | €90 | €813,200 | €308,556 | ▼ 62.1% |
| Financial charges65/66B | - | €2,216 | €3,819 | €6,012 | €529,051 | ▲ 8,700% |
| Recurring financial charges65 | €34,510 | €2,216 | €3,819 | €6,012 | €7,615 | ▲ 26.7% |
| Non-recurring financial charges66B | - | - | - | - | €521,436 | - |
| Profit (loss) for the period before taxes9903 | -€34,873 | -€13,348 | -€13,720 | €796,834 | -€268,984 | ▼ 134% |
| Income taxes67/77 | - | - | €9,180 | €251,181 | €35,732 | ▼ 85.8% |
| Profit (loss) for the period9904 | -€34,873 | -€13,348 | -€22,900 | €545,653 | -€304,716 | ▼ 156% |
| Profit (loss) for the period to be appropriated9905 | -€34,873 | -€13,348 | -€22,900 | €545,653 | -€304,716 | ▼ 156% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.1m | €3.0m | €3.0m | €2.5m | €7.1m | ▲ 185% |
| Fixed assets21/28 | €2.6m | €2.1m | €2.8m | €2.5m | €4.6m | ▲ 87.0% |
| Financial fixed assets28 | €2.6m | €2.1m | €2.8m | €2.5m | €4.6m | ▲ 87.0% |
| Current assets29/58 | €472,039 | €925,678 | €261,611 | €54,165 | €2.6m | ▲ 4,621% |
| Current investments50/53 | - | - | - | - | €2.5m | - |
| Cash at bank and in hand54/58 | €472,039 | €925,678 | €261,611 | €54,165 | - | - |
| Deferred charges and accrued income490/1 | - | - | - | - | €30,249 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.1m | €3.0m | €3.0m | €2.5m | €7.1m | ▲ 185% |
| Equity10/15 | €388,010 | €374,662 | €351,762 | €897,415 | €592,699 | ▼ 34.0% |
| Contributions10/11 | - | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | €10,000 | €10,000 | €10,000 | €555,650 | €555,650 | = |
| Non-distributable reserves130/1 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves not available under the articles1311 | - | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Distributable reserves133 | - | - | - | €545,650 | €545,650 | = |
| Profit (loss) carried forward14 | €278,010 | €264,662 | €241,762 | €241,765 | -€62,951 | ▼ 126% |
| Amounts payable17/49 | €2.7m | €2.6m | €2.7m | €1.6m | €6.5m | ▲ 307% |
| Amounts payable after more than one year17 | €2.6m | €2.6m | €2.6m | €1.4m | - | - |
| Financial debts170/4 | - | €2.6m | €2.6m | €1.4m | - | - |
| Amounts payable within one year42/48 | €104,170 | €2,414 | €12,237 | €252,541 | €6.5m | ▲ 2,492% |
| Trade debts44 | €1,438 | €2,414 | €3,057 | €1,360 | €1,277 | ▼ 6.1% |
| Suppliers440/4 | - | €2,414 | €3,057 | €1,360 | €1,277 | ▼ 6.1% |
| Taxes, remuneration and social security45 | - | - | €9,180 | €251,181 | €35,732 | ▼ 85.8% |
| Taxes450/3 | - | - | €9,180 | €251,181 | €35,732 | ▼ 85.8% |
| Other amounts payable47/48 | - | - | - | - | €6.5m | - |
| Accrued charges and deferred income492/3 | - | €1,261 | €31,661 | €43 | €1,829 | ▲ 4,125% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€34,873 | -€13,348 | -€22,900 | €545,653 | -€304,716 | ▼ 156% |
| Operating cash flow (approximation) | -€34,873 | -€13,348 | -€22,900 | €545,653 | -€304,716 | ▼ 156% |
| Investment in fixed assets (approximation) | - | €566,365 | -€682,610 | €314,442 | -€2.1m | ▼ 778% |
| Change in cash | - | €453,639 | -€664,067 | -€207,446 | - | - |
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
2025
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€304,716
Net result drops to -€304,716, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Back to profitnet €545,653
Net result €545,653 after 3 loss-making years.
31-12
Financial
Equity above €500,000Eq €897,415 ▲155%
Equity rises from €351,762 to €897,415.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Liquidity times 85current ratio 383.39
Current ratio from 4.53 to 383.39; short-term debt falls from €104,170 to €2,414.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2019
31-12
Financial
Equity above €200,000Eq €422,884 ▲187%
2 profitable years in a row build equity to €422,884.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
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.
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Directors · office · real estate
Directors
5 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, Ukkel · 1 establishment unit since 2017
Ground area
6.8 ha
Building footprint
3,854 m²
Volume, LiDAR
35,085 m³
Parcel 21612C0293/00S002, Brussels · tallest building 18.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
GOLDA DARTY P2
since 20172.267.314.919
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21612C0293/00S002 | Brussels | 6.8 ha | 1 · 3,854 m² | 18.2 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.
Recognitions · licences · registrations
Legal Entity Identifier
87550029CLS7GQ3SBT86
Identification & contact
Identification
Legal formPrivate limited company
Founded31-05-2017
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.
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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
Scores and ratios are computed by Checked and are not a credit decision.