SG PARTNERS
ActiveThe computed 12-month bankruptcy probability of SG PARTNERS is 1.5% (moderate). The 2025 annual accounts show equity of €48k and a net result of €-485. Equity is growing by ~5.9% per year across the filed fiscal years. Its solvency ranks better than 48% of 11238 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
55
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability18▲+7
Solvency65▼-34
Growth52=
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 44.88 against 3.86 in 2023; short-term debt: 2.2% and cash: 19% of total assets), but 59.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
40.2%
Return on assets
-0.4%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 13-07-2026, 18 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
18 d early
2023
67 d late
2022
24 d late
2021
31 d late
2020
31 d late
2019
96 d late
← before the deadline
after the deadline →
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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€48k▼ 33.0%
2023 · €71k
2019: €17k
2020: €66k
2021: €70k
2022: €77k
2023: €71k
2019 → 2025
Total assets
€119k▲ 24.1%
2023 · €96k
2019: €94k
2020: €174k
2021: €114k
2022: €98k
2023: €96k
2019 → 2025
Net result
€-485▲ 91.9%
2023 · €-6k
2019: €11k
2020: €49k
2021: €4k
2022: €7k
2023: €-6k
2019 → 2025
Working capital
€116k▲ 65.4%
2023 · €70k
2019: €53k
2020: €65k
2021: €67k
2022: €75k
2023: €70k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232025Trend
Equity€66k-€70k▲ 6.1%€77k▲ 10.4%€71k▼ 7.8%€48k▼ 33.0%
Operating result€69k-€4k▼ 94.3%€9k▲ 134%€-8k€-2k▲ 68.2%
Net result€49k-€4k▼ 91.7%€7k▲ 79.8%€-6k€-485▲ 91.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €-2k in 2025, compared with €-8k in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Equity and liabilities €119k
Equity
€48k▼ 33.0%
Debt
€71k▲ 189%
The debt ratio rises from 25.6% to 59.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-2k▲
2023 · €-7k
Cash flow
€-485▲
2023 · €-5k
Solvency
40.2%▼
2023 · 74.4%
Current ratio
44.88▲
2023 · 3.86
Quick ratio
44.88▲
2023 · 3.86
Debt / equity
1.49▲
2023 · 0.34
ROE
-1.0%▲
2023 · -8.4%
ROA
-0.4%▲
2023 · -6.3%
Interest coverage
-1.68▲
2023 · -15.61
Debt
€71k▲
2023 · €25k
Debt ≤ 1 year
€3k▼
2023 · €25k
Debt > 1 year
€68k
Income taxes
€-235
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 · 2025 against 2023
Balance sheet
Code20232025
Assets
Total assets20/58€96k€119k▲
Fixed assets21/28€967-
Tangible fixed assets22/27€967-
Plant, machinery and equipment23€967-
Current assets29/58€95k€119k▲
Amounts receivable after more than one year29€62k€60k▼
Other amounts receivable291€62k€60k▼
Amounts receivable within one year40/41€30k€36k▲
Trade receivables40€30k€8k▼
Other amounts receivable41€264€28k▲
Cash at bank and in hand54/58€302€23k▲
Deferred charges and accrued income490/1€2k-
Equity and liabilities
Total equity and liabilities10/49€96k€119k▲
Equity10/15€71k€48k▼
Contributions10/11€6k€6k=
Reserves13€71k€71k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€69k€69k=
Profit (loss) carried forward14€-6k€-30k▼
Amounts payable17/49€25k€71k▲
Amounts payable after more than one year17-€68k
Other amounts payable178/9-€68k
Amounts payable within one year42/48€25k€3k▼
Trade debts44€18k€3k▼
Suppliers440/4€18k€3k▼
Taxes, remuneration and social security45€4k€0▼
Taxes450/3€4k€0▼
Other amounts payable47/48€2k-
Accrued charges and deferred income492/3-€1k
Income statement
Code20232025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€967€0▼
Other operating charges640/8€1€11k▲
Gross operating margin9900€-7k€9k▲
Operating profit (loss)9901€-8k€-2k▲
Financial income75/76B€2k€3k▲
Recurring financial income75€2k€3k▲
Financial charges65/66B€437€1k▲
Recurring financial charges65€437€1k▲
Profit (loss) for the period before taxes9903€-6k€-721▲
Income taxes67/77-€-235
Profit (loss) for the period9904€-6k€-485▲
Profit (loss) for the period to be appropriated9905€-6k€-485▲
Appropriation of the result
Profit (loss) to be appropriated9906€-6k€-30k▼
Profit (loss) brought forward from the previous period14P-€-29k
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
Next filing, fiscal year 2026, expected by
2026
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity times 12current ratio 44.88
Current ratio from 3.86 to 44.88; short-term debt falls from €25k to €3k.
2024
06-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 67 days late
2023
31-12
Financial
Weakest financial yearnet €-6k ▼183%
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Highest result since 2019net €49k ▲330%
Operating result €69k, net result €49k, both a record.
04-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 96 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
01-08-2025
Abdelkarim ZELLAT: Resigned as Director
01-08-2025
Zoé Dave: Resigned as Director
19-08-2024
Abdelkarim ZELLAT: Resigned as Director
Location & real-estate footprint
Registered office, Ukkel · 1 establishment unit since 2018
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.
Alsembergsesteenweg 6881180 UkkelGround area
133 m²
Building footprint
115 m²
Volume, LiDAR
890 m³
Parcel 21016B0012/00X000, Brussels · tallest building 15.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Sg Partners
since 20182.281.641.225
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21016B0012/00X000 | Brussels | 132 m² | 1 · 115 m² | 15.0 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
BAGGIO INTERIOR SCHELLE
BE 0759.545.335
Schelle · Eq €48k
EPIONE PHARMACEUTICALS
BE 0799.662.258
Tournai · Eq €48k
ELHE GLOBE
BE 0795.240.345
Lier · Eq €50k
MALENGREAUX DECOR
BE 0865.106.871
Blankenberge · Eq €50k
WE ARE KAMELOT
BE 0760.404.675
Hulshout · Eq €50k
Of 1,745 companies in sector 46150 we hold annual accounts for 757. 575 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-07-2018
Fiscal year end31-12
Activities, NACEBEL
46150Agents in the wholesale of furniture, household goods and hardware
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:info.sammygreen@gmail.com
Phone:0471/858.700