SG IMMO
InactiveInactive; last annual accounts for fiscal year 2025. Dissolved without liquidation on 29-12-2025.
Signals
1 signal. The signal on the left, the evidence on the right.
+raises risk
raises risk · Filed more than 90 days late
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 03-07-2026, 153 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
153 d late
2024
28 d late
2023
26 d early
2022
28 d late
2021
75 d late
2020
87 d late
2019
68 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€110k▼ 17.3%
2024 · €132k
2018: €7klowest in 8 years
2019: €33k▲ +390% vs 2018
2020: €80k▲ +140% vs 2019
2021: €72k▼ -9.8% vs 2020
2022: €128k▲ +77.9% vs 2021
2023: €54k▼ -57.8% vs 2022
2024: €132k▲ +145% vs 2023highest in 8 years
2025: €110k▼ -17.3% vs 2024
2018 → 2025
Working capital
€250k▲ 77.9%
2024 · €141k
2018: €-77klowest in 8 years
2019: €-51k▲ +33.6% vs 2018
2020: €9k▲ +117% vs 2019
2021: €76k▲ +786% vs 2020
2022: €-30k▼ -140% vs 2021
2023: €8k▲ +127% vs 2022
2024: €141k▲ +1613% vs 2023
2025: €250k▲ +77.9% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€165k-€55k▼ 66.6%€8k▼ 85.1%€141k▲ 1,613%€250k▲ 77.9%
2021: €165k
2022: €55k▼ -66.6% vs 2021
2023: €8k▼ -85.1% vs 2022lowest in 5 years
2024: €141k▲ +1613% vs 2023
2025: €250k▲ +77.9% vs 2024highest in 5 years
Operating result€110k-€193k▲ 75.0%€88k▼ 54.4%€186k▲ 112%€142k▼ 23.7%
2021: €110k
2022: €193k▲ +75.0% vs 2021highest in 5 years
2023: €88k▼ -54.4% vs 2022lowest in 5 years
2024: €186k▲ +112% vs 2023
2025: €142k▼ -23.7% vs 2024
Net result€72k-€128k▲ 77.9%€54k▼ 57.8%€132k▲ 145%€110k▼ 17.3%
2021: €72k
2022: €128k▲ +77.9% vs 2021
2023: €54k▼ -57.8% vs 2022lowest in 5 years
2024: €132k▲ +145% vs 2023highest in 5 years
2025: €110k▼ -17.3% vs 2024
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 24% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €738k
Equity
€250k ▲ 77.9%
Debt
€488k ▲ 47.4%
Debt's share of the balance-sheet total falls from 70.2% to 66.1%. Equity and debt are higher.
Key figures and ratios
Current ratio
1.51▲
2024 · 1.42
Debt to equity
1.95▼
2024 · 2.35
ROE
43.8%▼
2024 · 94.2%
ROA
14.8%▼
2024 · 28.1%
Debt ≤ 1 year
€488k▲
2024 · €331k
Income taxes
€37k▼
2024 · €51k
Staff costs
€0▼
2024 · €84k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€472k€738k▲
Current assets29/58€472k€738k▲
Amounts receivable within one year40/41€460k€689k▲
Trade receivables40€66k€75k▲
Other amounts receivable41€395k€614k▲
Cash at bank and in hand54/58€11k€48k▲
Deferred charges and accrued income490/1€517€2k▲
Equity and liabilities
Total equity and liabilities10/49€472k€738k▲
Equity10/15€141k€250k▲
Contributions10/11€8k€8k=
Reserves13€133k€243k▲
Distributable reserves133€133k€243k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€331k€488k▲
Amounts payable within one year42/48€331k€488k▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€281k€402k▲
Suppliers440/4€281k€402k▲
Taxes, remuneration and social security45€47k€84k▲
Taxes450/3€47k€84k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€2k€2k=
Income statement
Code20242025
Remuneration, social security and pensions62€84k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0-
Other operating charges640/8€3k€399▼
Gross operating margin9900€273k€143k▼
Operating profit (loss)9901€186k€142k▼
Financial income75/76B€6k€7k▲
Recurring financial income75€6k€7k▲
Financial charges65/66B€9k€4k▼
Recurring financial charges65€9k€4k▼
Profit (loss) for the period before taxes9903€183k€146k▼
Income taxes67/77€51k€37k▼
Profit (loss) for the period9904€132k€110k▼
Profit (loss) for the period to be appropriated9905€132k€110k▼
Appropriation of the result
Profit (loss) to be appropriated9906€133k€110k▼
Profit (loss) brought forward from the previous period14P€676€0▼
Transfer to equity691/2€133k€110k▼
To other reserves6921€133k€110k▼
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
Social balance
Average headcount (FTE)9087-0.0
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €46 | €2k | - | - | - | - |
| Remuneration, social security and pensions62 | €69k | €94k | €119k | €84k | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31k | €24k | €15k | €0 | - | - |
| Other operating charges640/8 | €3k | €5k | €4k | €3k | €399 | ▼ 86.6% |
| Non-recurring operating charges66A | €37 | €4k | €3k | - | - | - |
| Gross operating margin9900 | €214k | €321k | €229k | €273k | €143k | ▼ 47.7% |
| Operating profit (loss)9901 | €110k | €193k | €88k | €186k | €142k | ▼ 23.7% |
| Financial income75/76B | - | €0 | €0 | €6k | €7k | ▲ 32.9% |
| Recurring financial income75 | - | €0 | €0 | €6k | €7k | ▲ 32.9% |
| Financial charges65/66B | €9k | €16k | €11k | €9k | €4k | ▼ 57.8% |
| Recurring financial charges65 | €9k | €8k | €11k | €9k | €4k | ▼ 57.8% |
| Non-recurring financial charges66B | - | €8k | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €102k | €177k | €77k | €183k | €146k | ▼ 20.3% |
| Income taxes67/77 | €30k | €49k | €23k | €51k | €37k | ▼ 28.3% |
| Profit (loss) for the period9904 | €72k | €128k | €54k | €132k | €110k | ▼ 17.3% |
| Profit (loss) for the period to be appropriated9905 | €72k | €128k | €54k | €132k | €110k | ▼ 17.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €466k | €548k | €33k | €472k | €738k | ▲ 56.5% |
| Fixed assets21/28 | €279k | €252k | - | - | - | - |
| Intangible fixed assets21 | €2k | - | - | - | - | - |
| Tangible fixed assets22/27 | €277k | €252k | - | - | - | - |
| Land and buildings22 | €250k | €238k | - | - | - | - |
| Plant, machinery and equipment23 | €100 | - | - | - | - | - |
| Furniture and vehicles24 | €27k | €14k | - | - | - | - |
| Financial fixed assets28 | €100 | €100 | - | - | - | - |
| Current assets29/58 | €187k | €296k | €33k | €472k | €738k | ▲ 56.5% |
| Amounts receivable within one year40/41 | €176k | €265k | €15k | €460k | €689k | ▲ 49.7% |
| Trade receivables40 | €17k | €16k | €11k | €66k | €75k | ▲ 13.9% |
| Other amounts receivable41 | €159k | €248k | €3k | €395k | €614k | ▲ 55.7% |
| Cash at bank and in hand54/58 | €7k | €14k | €5k | €11k | €48k | ▲ 323% |
| Deferred charges and accrued income490/1 | €5k | €18k | €13k | €517 | €2k | ▲ 255% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €466k | €548k | €33k | €472k | €738k | ▲ 56.5% |
| Equity10/15 | €165k | €55k | €8k | €141k | €250k | ▲ 77.9% |
| Contributions10/11 | €20k | €20k | €8k | €8k | €8k | = |
| Capital10 | €20k | - | - | - | - | - |
| Issued capital100 | €20k | - | - | - | - | - |
| Reserves13 | - | - | - | €133k | €243k | ▲ 82.3% |
| Distributable reserves133 | - | - | - | €133k | €243k | ▲ 82.3% |
| Profit (loss) carried forward14 | €145k | €35k | €676 | €0 | - | - |
| Amounts payable17/49 | €301k | €493k | €24k | €331k | €488k | ▲ 47.4% |
| Amounts payable after more than one year17 | €189k | €166k | - | - | - | - |
| Financial debts170/4 | €189k | €166k | - | - | - | - |
| Amounts payable within one year42/48 | €111k | €326k | €24k | €331k | €488k | ▲ 47.4% |
| Current portion of amounts payable after more than one year42 | €27k | €23k | - | - | - | - |
| Financial debts43 | - | - | €8 | €0 | - | - |
| Credit institutions430/8 | - | - | €8 | €0 | - | - |
| Trade debts44 | €32k | €14k | €5k | €281k | €402k | ▲ 42.8% |
| Suppliers440/4 | €32k | €14k | €5k | €281k | €402k | ▲ 42.8% |
| Taxes, remuneration and social security45 | €31k | €15k | €17k | €47k | €84k | ▲ 77.0% |
| Taxes450/3 | - | €5k | - | €47k | €84k | ▲ 77.0% |
| Remuneration and social security454/9 | €31k | €10k | €17k | €0 | - | - |
| Other amounts payable47/48 | €22k | €275k | €2k | €2k | €2k | = |
| Accrued charges and deferred income492/3 | €1k | €1k | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €72k | €128k | €54k | €132k | €110k | ▼ 17.3% |
| + Depreciation and write-downs630 | €31k | €24k | €15k | €0 | - | - |
| Operating cash flow (approximation) | €104k | €153k | €70k | €132k | €110k | ▼ 17.3% |
| Investment in fixed assets (approximation) | - | €3k | - | - | - | - |
| Change in cash | - | €7k | €-8k | €6k | €36k | ▲ 517% |
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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 153 days late
30-01
State Gazette act
Resignations & appointments · Restructuring · End & cessationPermanent representatives: BLOCKHUYS Olivier Julien Aimé, VAN BAEL Nathasja and COUSSEMENT Bram Isaac Jacob · Merger · Accounting effect8 facts ▸
State Gazette act
Resignations & appointments · Restructuring · End & cessation
Permanent representatives: BLOCKHUYS Olivier Julien Aimé, VAN BAEL Nathasja and COUSSEMENT Bram Isaac Jacob · Merger · Accounting effect8 facts ▸
- General meeting, 29-12-2025
- Merger, opération assimilée à la fusion par absorption, absorption
- Accounting effect, 01-07-2025
- Dissolution, 29-12-2025
- Permanent representative, BLOCKHUYS Olivier Julien Aimé
- Permanent representative, VAN BAEL Nathasja
- Permanent representative, COUSSEMENT Bram Isaac Jacob
- Power of attorney, ACS ACCOUNTANTS BRECHT
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
30-06
Financial
Equity above €200kEq €250k ▲77.9%
8 profitable years in a row build equity to €250k.
2024
31-12
Financial
Highest result since 2018net €132k ▲145%
Net result €132k, the highest in the series.
31-12
Financial
Equity above €100kEq €141k ▲1,613%
7 profitable years in a row build equity to €141k.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 75 days late
2021
31-12
Financial
Equity above €150kEq €165k ▲77.6%
4 profitable years in a row build equity to €165k.
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 87 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 1.09
Current ratio from 0.50 to 1.09; short-term debt falls from €103k to €99k.
Show earlier events
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 68 days late
2019
01-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 1 day late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 57 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 59 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 10 acts read
About the unread acts
Of the 10 Belgian State Gazette acts we know for this company, 1 has been read. The other 9 have not been read yet: what they contain is neither established nor disproved here.
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Structure & network
Acquisitions and mergers
1 transactionTaken over by:COUET & ASSOCIES