SG RACING
ActiveSummary
SG RACING has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €161,468 and a net result of -€45,025. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 52% of 3543 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability5▼-3
Solvency64▼-13
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity tight (current ratio 1.36 against 1.73 in 2023; short-term debt: 57.2% and cash: 18.1% of total assets), and 60.8% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
39.2%
Return on assets
-10.9%
Age of the figures
21 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95)
about 19% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€45,025
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 18-07-2025, 13 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
13 d early
2023
31 d late
2022
2 d early
2021
46 d early
2020
30 d late
2019
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average on the deadline day; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
In the rankings
#6 oldest company in Verviers, Other services sector
Turnover
€0
Total assets
€411,821▲ 4.1%
2023 · €395,630
Net result
-€45,025▼ 34.4%
2023 · -€33,513
Working capital
€85,627▼ 29.1%
2023 · €120,697
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover
Operating result-€78,220€102,162€30,097▼ 70.5%-€30,548-€41,852▼ 37.0%
Net result-€84,702below the sector's middle half€88,127above the sector's middle half€19,494within the sector's middle half▼ 77.9%-€33,513below the sector's middle half-€45,025below the sector's middle half▼ 34.4%
Equity€132,385above the sector's middle half▼ 39.0%€220,512above the sector's middle half▲ 66.6%€240,006above the sector's middle half▲ 8.8%€206,493above the sector's middle half▼ 14.0%€161,468above the sector's middle half▼ 21.8%
Total assets€365,274above the sector's middle half▼ 0.9%€399,764above the sector's middle half▲ 9.4%€361,347above the sector's middle half▼ 9.6%€395,630above the sector's middle half▲ 9.5%€411,821above the sector's middle half▲ 4.1%
Debt€232,888▲ 53.7%€179,252▼ 23.0%€121,341▼ 32.3%€189,137▲ 55.9%€250,353▲ 32.4%
Working capital€117,292above the sector's middle half▼ 40.2%€122,290above the sector's middle half▲ 4.3%€136,949above the sector's middle half▲ 12.0%€120,697above the sector's middle half▼ 11.9%€85,627above the sector's middle half▼ 29.1%
Solvency36.2%within the sector's middle half▼ 22.7pp55.2%within the sector's middle half▲ 18.9pp66.4%above the sector's middle half▲ 11.3pp52.2%within the sector's middle half▼ 14.2pp39.2%within the sector's middle half▼ 13.0pp
Current ratio1.66within the sector's middle half▼ 1.031.76within the sector's middle half▲ 0.112.22within the sector's middle half▲ 0.461.73within the sector's middle half▼ 0.491.36within the sector's middle half▼ 0.36
Return on assets (ROA)-23.2%below the sector's middle half▼ 23.5pp22.0%above the sector's middle half▲ 45.2pp5.4%within the sector's middle half▼ 16.6pp-8.5%below the sector's middle half▼ 13.9pp-10.9%below the sector's middle half▼ 2.5pp
Staff (FTE)2.8within the sector's middle half▼ 9.7%4.5▲ 60.7%3.4▼ 24.4%3.4=4.6▲ 35.3%
above
within
below
the middle half (P25 to P75) of NACE 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles, each year against the same schema; no band under 30 filings.
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 €41,852 in 2024 against €30,548 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €411,821
Fixed assets
€90,482 ▼ 17.1%
Current assets
€321,339 ▲ 12.2%
Equity and liabilities €411,821
Equity
€161,468 ▼ 21.8%
Debt
€250,353 ▲ 32.4%
Debt's share of the balance-sheet total rises from 47.8% to 60.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€22,697▼
2023 · -€11,418
Cash flow
-€25,871▼
2023 · -€14,384
Quick ratio
0.97▼
2023 · 0.99
Debt to equity
1.55▲
2023 · 0.92
ROE
-27.9%▼
2023 · -16.2%
Interest coverage
-6.88▼
2023 · -3.85
Debt ≤ 1 year
€235,712▲
2023 · €165,780
Debt > 1 year
€14,641▼
2023 · €23,358
Income taxes
€34
Staff costs
€137,317▼
2023 · €152,740
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,834 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 85% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.7%
went bankrupt
13%
stopped otherwise
85%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 5,834 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €482 | - |
| Remuneration, social security and pensions62 | - | €151,175 | €135,742 | €152,740 | €137,317 | ▼ 10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,787 | €16,147 | €17,913 | €19,130 | €19,154 | ▲ 0.1% |
| Other operating charges640/8 | - | €15,565 | €11,416 | €3,813 | €5,612 | ▲ 47.2% |
| Non-recurring operating charges66A | - | €120,920 | - | - | - | - |
| Gross operating margin9900 | €50,921 | €405,968 | €195,167 | €145,135 | €120,232 | ▼ 17.2% |
| Operating profit (loss)9901 | -€78,220 | €102,162 | €30,097 | -€30,548 | -€41,852 | ▼ 37.0% |
| Financial income75/76B | - | €266 | €1 | €0 | €160 | - |
| Recurring financial income75 | €8 | €266 | €1 | €0 | €160 | - |
| Financial charges65/66B | - | €13,331 | €1,987 | €2,965 | €3,299 | ▲ 11.3% |
| Recurring financial charges65 | €5,921 | €13,331 | €1,987 | €2,965 | €3,299 | ▲ 11.3% |
| Profit (loss) for the period before taxes9903 | -€84,133 | €89,097 | €28,111 | -€33,513 | -€44,991 | ▼ 34.2% |
| Income taxes67/77 | €569 | €970 | €8,617 | - | €34 | - |
| Profit (loss) for the period9904 | -€84,702 | €88,127 | €19,494 | -€33,513 | -€45,025 | ▼ 34.4% |
| Profit (loss) for the period to be appropriated9905 | -€84,702 | €88,127 | €19,494 | -€33,513 | -€45,025 | ▼ 34.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €365,274 | €399,764 | €361,347 | €395,630 | €411,821 | ▲ 4.1% |
| Fixed assets21/28 | €69,572 | €117,355 | €112,120 | €109,154 | €90,482 | ▼ 17.1% |
| Intangible fixed assets21 | €0 | €0 | €0 | €0 | €0 | - |
| Tangible fixed assets22/27 | €69,526 | €117,310 | €112,075 | €109,108 | €90,436 | ▼ 17.1% |
| Land and buildings22 | - | €19,309 | €23,276 | €22,127 | €20,978 | ▼ 5.2% |
| Plant, machinery and equipment23 | - | €86,620 | €81,705 | €84,369 | €69,459 | ▼ 17.7% |
| Furniture and vehicles24 | - | €11,380 | €7,094 | €2,612 | - | - |
| Financial fixed assets28 | €45 | €45 | €45 | €45 | €45 | = |
| Current assets29/58 | €295,702 | €282,409 | €249,227 | €286,476 | €321,339 | ▲ 12.2% |
| Stocks and contracts in progress3 | €201,436 | €149,063 | €92,084 | €122,834 | €92,084 | ▼ 25.0% |
| Stocks30/36 | - | €149,063 | €92,084 | €122,834 | €92,084 | ▼ 25.0% |
| Amounts receivable within one year40/41 | €92,012 | €8,180 | €66,376 | €96,801 | €154,585 | ▲ 59.7% |
| Trade receivables40 | - | €6,287 | €64,453 | €93,413 | €148,679 | ▲ 59.2% |
| Other amounts receivable41 | - | €1,893 | €1,923 | €3,388 | €5,906 | ▲ 74.3% |
| Cash at bank and in hand54/58 | €2,254 | €125,166 | €90,767 | €66,841 | €74,670 | ▲ 11.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €365,274 | €399,764 | €361,347 | €395,630 | €411,821 | ▲ 4.1% |
| Equity10/15 | €132,385 | €220,512 | €240,006 | €206,493 | €161,468 | ▼ 21.8% |
| Contributions10/11 | - | €30,987 | €30,987 | €30,987 | €30,987 | = |
| Reserves13 | €20,790 | €20,790 | €20,790 | €20,790 | €20,790 | = |
| Non-distributable reserves130/1 | - | €20,790 | €20,790 | €20,790 | €20,790 | = |
| Reserves not available under the articles1311 | - | €20,790 | €20,790 | €20,790 | €20,790 | = |
| Profit (loss) carried forward14 | €80,609 | €168,735 | €188,229 | €154,716 | €109,691 | ▼ 29.1% |
| Amounts payable17/49 | €232,888 | €179,252 | €121,341 | €189,137 | €250,353 | ▲ 32.4% |
| Amounts payable after more than one year17 | €53,967 | €19,133 | €9,063 | €23,358 | €14,641 | ▼ 37.3% |
| Financial debts170/4 | - | €19,133 | €9,063 | €23,358 | €14,641 | ▼ 37.3% |
| Amounts payable within one year42/48 | €178,410 | €160,119 | €112,278 | €165,780 | €235,712 | ▲ 42.2% |
| Current portion of amounts payable after more than one year42 | - | €23,082 | €10,051 | €10,747 | €8,711 | ▼ 18.9% |
| Financial debts43 | - | €48 | €48 | €48 | €48 | = |
| Credit institutions430/8 | - | €48 | €48 | €48 | €48 | = |
| Trade debts44 | €95,783 | €32,503 | €63,117 | €52,313 | €94,323 | ▲ 80.3% |
| Suppliers440/4 | - | €32,503 | €63,117 | €52,313 | €94,323 | ▲ 80.3% |
| Advances received on contracts in progress46 | - | €2,929 | €0 | €63,000 | €63,000 | = |
| Taxes, remuneration and social security45 | - | €94,726 | €36,462 | €36,065 | €7,413 | ▼ 79.4% |
| Taxes450/3 | - | €22,925 | €24,103 | €11,446 | €7,413 | ▼ 35.2% |
| Remuneration and social security454/9 | - | €71,800 | €12,359 | €24,618 | - | - |
| Other amounts payable47/48 | - | €6,832 | €2,601 | €3,608 | €62,218 | ▲ 1,625% |
| Accrued charges and deferred income492/3 | - | €0 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€84,702 | €88,127 | €19,494 | -€33,513 | -€45,025 | ▼ 34.4% |
| + Depreciation and write-downs630 | €15,787 | €16,147 | €17,913 | €19,130 | €19,154 | ▲ 0.1% |
| Operating cash flow (approximation) | -€68,915 | €104,274 | €37,407 | -€14,384 | -€25,871 | ▼ 79.9% |
| Investment in fixed assets (approximation) | - | -€63,931 | -€12,678 | -€16,163 | -€482 | ▲ 97.0% |
| Change in cash | - | €122,913 | -€34,399 | -€23,926 | €7,829 | ▲ 133% |
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
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
29-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €88,127
Net result €88,127 after one loss-making year.
31-12
Financial
Equity above €200,000Eq €220,512 ▲66.6%
Equity rises from €132,385 to €220,512.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet -€84,702
Net result drops to -€84,702, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €1,279
Net result €1,279 after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 57 days late
26-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 179 days late
2016
22-11
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 114 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Verviers · 1 establishment unit since 1985
Ground area
523 m²
Parcel 63079A1448/00S004, Wallonia. Linked by address, not a title deed.
1 establishment unit
SG RACING
since 1985unit no. 2.028.253.073
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63079A1448/00S004indicative | Wallonia | 523 m² | - | - |
Linked by address, not proof of ownership
Good to know
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 7,377 companies in this sector we hold annual accounts for 2,963. 2,340 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded21-11-1985
Fiscal year end31-12
Activities, NACEBEL 2025
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
47811Retail sale of cars and light vans (up to 3.5 tonnes)
47820Retail sale of motor vehicle parts and accessories
E-invoicing
Reachable via Peppol
Peppol ID
0208:0428042291
Registered
09-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.