Equity
-€235,464
Debts exceed assets in financial year 2025.
SG WORLD
Lifetime
18 annual accounts with figures on one time axis, 45 filings since 1978peak €198,457 (2017)
€85,745▼ 12.1%
lowest -€913,646 (2009)
-€42,771▲ €35,168
peak €1.1m (2008)
-€235,464▼ €42,771
€324,734▲ 10.5%
peak 4 FTE (2007)
-not published
Board3 names since 2019
-
Owners
Documentsfilings and deeds
31-10-2025on the last day
2025micro format
Gross margin from €97,575 to €85,745Loss of €42,771Equity from -€192,693 to -€235,464
Key points
from the 2025 annual accountsLosses
-€209,076 in six years
Every financial year from 2019 to 2025 closed with a loss. 2024 was the heaviest.
Debts
€324,734 364% of the balance sheet
Financial debts 15%Suppliers 76%Taxes and wages 5%Other 4%
Of this, €323,326 falls due within a year.
Filings
45 annual accounts 9 days past the deadline
2026 accounts not filed: deadline was 31-10-2026.
At the same address
328 companies
Position in the sector
-263.8%
Lower solvency than 95% of companies in wholesale trade. Sector median 40.5% · 13,800 companies.
Checked score
50
Fair
Financially stronger than 8% of micro companies in wholesale trade (NACE 46)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.5% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.2%
01-2025: 3.2%● unchanged vs 12-2024
02-2025: 3.2%● unchanged vs 01-2025
03-2025: 3.2%● unchanged vs 02-2025
04-2025: 3.2%● unchanged vs 03-2025
05-2025: 3.1%▼ -0.1 percentage points vs 04-2025
06-2025: 3.1%● unchanged vs 05-2025
07-2025: 3.2%▲ +0.1 percentage points vs 06-2025
08-2025: 3.4%▲ +0.2 percentage points vs 07-2025
09-2025: 3.3%▼ -0.1 percentage points vs 08-2025
10-2025: 3.5%▲ +0.2 percentage points vs 09-2025highest value
11-2025: 3.0%▼ -0.5 percentage points vs 10-2025
12-2025: 3.0%● unchanged vs 11-2025
01-2026: 3.0%● unchanged vs 12-2025
02-2026: 3.0%● unchanged vs 01-2026
03-2026: 3.0%● unchanged vs 02-2026
04-2026: 3.0%● unchanged vs 03-2026
05-2026: 3.0%● unchanged vs 04-2026
06-2026: 3.0%● unchanged vs 05-2026
07-2026: 3.1%▲ +0.1 percentage points vs 06-2026
08-2026: 3.3%▲ +0.2 percentage points vs 07-2026
09-2026: 1.8%▼ -1.5 percentage points vs 08-2026lowest value
10-2026: 2.2%▲ +0.4 percentage points vs 09-2026
11-2026: 2.5%▲ +0.3 percentage points vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 0.23
Loss of €42,771, the second in a row (financial year 2025)
Negative equity -€235,464
lowers risk
Size: total assets €89,270
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 6% of them on solvency, 1% on liquidity, 6% on profitability and 18% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-03-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,619 companies had the same profile as SG WORLD has now. Each dot stands for 17 companies, two years later.
84.5%
were still trading
10.0%
stopped another way
4.5%
went bankrupt
Another 1.0% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SG WORLD itself: 2.5% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,619 companies, not a prediction for SG WORLD. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.23 (0.29 in 2024), below 1. Short-term debt is 362.2% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
192021222425
2019 to 2025 · latest year -€235,464
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
not filed
2025
on the day
2024
on the day
2022
30 days late
2021
3 days late
2020
30 days late
2019
57 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 1 day after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (1)
Board and ownership
last known boardSE
SBS Europe
Director, until 2020
- S G WORLD consolidatesannual accounts 31-03-2008
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0402722323
Registered office moved from Brussels to Watermael-Boitsfort
New registered office: Avenue des Gerfauts 10/34-1170 Watermael-Boitsfort · Previous registered office: Avenue de Tyras numéro 75 à Neder-Over-Heembeek (1120 Bruxelles) · General meeting of 26-07-2024 · Gazette deed
2 directors resigning
Change of role: HAASE Mark, from director to sole director and managing director · Resignations: KINSMAN Douglas and SBS Europe · Director discharge: HAASE Mark · General meeting of 21-06-2020 · Gazette deed
Establishment taken over
SBS EUROPE, de Tyraslaan 75, Brussels · in the KBO since 1965
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SG WORLD Watermael-Boitsfort | - | - | -263.8% | - |
| Imo Zaventem | €138,920 | 4.1% | 40.5% | - |
| Regira Schilde | - | - | -18.8% | - |
| DUVERGER Brussels | - | - | 86.0% | - |
| OFFICE DE SERVICES ET D'INGENIERIE POUR LA REALISATION ET L'INTEGRATION DES SYSTEMES EN INFORMATIQUE Braives | €231,297 | -40.9% | 9.4% | - |
| NUVIO Schilde | - | - | 27.4% | - |
| PICARD Hulshout | - | - | 28.1% | 0 |
These companies have the same main activity as SG WORLD: wholesale of information and communication equipment (NACE 46500). They are comparable in size and age: total assets between €90,300 and €199,000, founded between 1969 and 1988.
Official details
Source: KBO- Status
- ActiveNormal situation
- Registered office
- 330 active companies are registered at this address71 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- Wholesale of information and communication equipmentNACE 46500and 1 other
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 31-03-2022
- Establishment unit
- 2.000.572.1441120 Brussels, since 01-06-1965
- Financial year end
- 31 March
- Peppol
- Reachable since 12-02-2026
Annual accounts to 31-03-2025
- ≈ €460,000estimated
- €89,270▼ 11.9%
- ≈ 1.9 FTEestimated
- Filing
- Filed on 31-10-2025
Insights on SG WORLD
SG WORLD files the micro format. That format states no turnover. The gross margin fell from €174,561 in 2009 to €85,745 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about SG WORLD
- What is the company number of SG WORLD?
- The company number of SG WORLD is 0402.722.323. The VAT number is the same number with BE in front: BE 0402.722.323.
- Where is SG WORLD based?
- The registered office is at Giervalkenlaan 10, 1170 Watermael-Boitsfort.Company details
- What does SG WORLD do?
- According to the KBO register, the main activity is wholesale of information and communication equipment (NACE 46500).
- What is the legal form of SG WORLD?
- SG WORLD is a public limited company (NV).
- When was SG WORLD founded?
- SG WORLD was founded on 01-01-1968.
- Is SG WORLD still active?
- Yes, SG WORLD is an active enterprise in the KBO register.
- How many employees does SG WORLD have?
- SG WORLD had an average of 1 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- Which joint committee does SG WORLD fall under?
- In its 31-03-2022 annual accounts, SG WORLD states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of SG WORLD?
- The turnover in financial year 2025 is ≈ €460,000. This figure is estimated from the gross margin of €85,745 and 106 comparable companies (NACE 46). It probably lies between €230,000 and €810,000.
- Is SG WORLD profitable?
- In financial year 2025, SG WORLD made a loss of €42,771.
- Where can I find the annual accounts of SG WORLD?
- SG WORLD filed 45 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
Next steps
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