SGPMI
ActiveSummary
SGPMI has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €595,853 and a net result of -€269,461. Equity is shrinking by ~7.1% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability8▼-4
Solvency36▼-8
Growth22=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.78 against 0.82 in 2023; short-term debt: 87.1% and cash: 1.5% of total assets), and 88.5% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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 · 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
Wholesale trade (NACE 46)
about 21% more bankruptcies
← 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 2024Solvency, return and age of the figures
Solvency
11.5%
Return on assets
-5.2%
Age of the figures
21 mo
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 16-06-2026, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 d early
2024
71 d late
2023
78 d late
2022
92 d late
2021
31 d late
2020
1 d early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 32 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 10 October (4 of the last 5 filed years within 40 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, full schema
Turnover
€3.0m▲ 85.5%
2023 · €1.6m
EBIT margin
-6.3%▲ 0.8pp
2023 · -7.1%
Net result
-€269,461▼ 1,074%
2023 · -€22,957
Working capital
-€975,051▼ 51.9%
2023 · -€642,013
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€16.9m▲ 90.2%€4.2m▼ 74.9%€1.9m▼ 55.5%€1.6m▼ 13.9%€3.0m▲ 85.5%
Operating result-€908,185-€293,833▲ 67.6%-€240,494▲ 18.2%-€115,446▲ 52.0%-€190,287▼ 64.8%
Net result€85,270within the sector's middle half▲ 462%€79,360within the sector's middle half▼ 6.9%-€221,132below the sector's middle half-€22,957below the sector's middle half▲ 89.6%-€269,461below the sector's middle half▼ 1,074%
EBIT margin-5.4%▼ 6.1pp-6.9%▼ 1.6pp-12.7%▼ 5.8pp-7.1%▲ 5.6pp-6.3%▲ 0.8pp
Equity€1.0mwithin the sector's middle half▲ 9.0%€1.1mwithin the sector's middle half▲ 7.7%€888,271within the sector's middle half▼ 19.9%€865,314within the sector's middle half▼ 2.6%€595,853within the sector's middle half▼ 31.1%
Total assets€4.8mwithin the sector's middle half▼ 45.2%€5.3mwithin the sector's middle half▲ 10.8%€5.1mwithin the sector's middle half▼ 3.7%€4.6mwithin the sector's middle half▼ 9.5%€5.2mwithin the sector's middle half▲ 12.8%
Debt€3.7m▼ 51.8%€4.2m▲ 11.7%€4.2m▲ 0.6%€3.7m▼ 11.0%€4.6m▲ 23.0%
Working capital-€223,645below the sector's middle half-€303,802below the sector's middle half▼ 35.8%-€588,673below the sector's middle half▼ 93.8%-€642,013below the sector's middle half▼ 9.1%-€975,051below the sector's middle half▼ 51.9%
Solvency21.6%within the sector's middle half▲ 10.7pp21.0%within the sector's middle half▼ 0.6pp17.4%below the sector's middle half▼ 3.5pp18.8%below the sector's middle half▲ 1.3pp11.5%below the sector's middle half▼ 7.3pp
Current ratio0.94below the sector's middle half▼ 0.430.92below the sector's middle half▼ 0.010.86below the sector's middle half▼ 0.070.82below the sector's middle half▼ 0.030.78below the sector's middle half▼ 0.04
Return on assets (ROA)1.8%within the sector's middle half▲ 1.6pp1.5%within the sector's middle half▼ 0.3pp-4.3%below the sector's middle half▼ 5.8pp-0.5%below the sector's middle half▲ 3.8pp-5.2%below the sector's middle half▼ 4.7pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2021 Turnover -75% on 2020. The previous fiscal year ran 18 months, this one 12.
- 2020 Turnover +90% on 2019. This fiscal year ran 18 months, the previous one 12.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €190,287 in 2024 against €115,446 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €5.2m
Fixed assets
€1.6m ▲ 3.1%
Current assets
€3.5m ▲ 18.0%
Equity and liabilities €5.2m
Equity
€595,853 ▼ 31.1%
Debt
€4.6m ▲ 23.0%
Debt's share of the balance-sheet total rises from 81.2% to 88.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€180,286▼
2023 · -€111,827
Cash flow
-€259,460▼
2023 · -€19,338
Debt to equity
7.72▲
2023 · 4.32
ROE
-45.2%▼
2023 · -2.7%
Interest coverage
-1.97▼
2023 · -0.74
Debt ≤ 1 year
€4.5m▲
2023 · €3.6m
Debt > 1 year
€63,902▼
2023 · €79,488
Income taxes
€209▼
2023 · €220
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,507 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a small loss
1.6%
went bankrupt
1.8%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,338 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% | 1.9% |
| 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 2,507 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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €3.1m | €2.0m | €1.6m | €3.0m | ▲ 85.3% |
| Turnover70 | €16.9m | €4.2m | €1.9m | €1.6m | €3.0m | ▲ 85.5% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | -€1.2m | - | - | - | - |
| Other operating income74 | - | €77,494 | €62,040 | €2,169 | €2,026 | ▼ 6.6% |
| Operating charges60/66A | - | €3.4m | €2.2m | €1.7m | €3.2m | ▲ 84.0% |
| Goods for resale, raw materials and consumables60 | - | €3.1m | €1.8m | €1.6m | €2.9m | ▲ 85.1% |
| Purchases600/8 | - | €3.1m | €1.8m | €1.6m | €2.9m | ▲ 85.1% |
| Change in stocks: decrease (increase)609 | - | €65,429 | - | - | - | - |
| Services and other goods61 | - | €250,603 | €87,697 | €146,895 | €143,940 | ▼ 2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,271 | - | - | €3,619 | €10,001 | ▲ 176% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €11,988 | - | - | -€4,791 | - |
| Other operating charges640/8 | - | €1,380 | €1,384 | €2,774 | €115,109 | ▲ 4,050% |
| Non-recurring operating charges66A | - | - | €331,842 | - | - | - |
| Operating profit (loss)9901 | -€908,185 | -€293,833 | -€240,494 | -€115,446 | -€190,287 | ▼ 64.8% |
| Financial income75/76B | - | €502,676 | €108,224 | €265,113 | €29,664 | ▼ 88.8% |
| Recurring financial income75 | €1.2m | €502,676 | €108,224 | €265,113 | €29,664 | ▼ 88.8% |
| Income from financial fixed assets750 | - | €400,000 | - | €250,000 | - | - |
| Income from current assets751 | - | €11 | €878 | €11,815 | €5,257 | ▼ 55.5% |
| Other financial income752/9 | - | €102,665 | €107,346 | €3,298 | €24,407 | ▲ 640% |
| Financial charges65/66B | - | €129,299 | €88,656 | €172,404 | €108,630 | ▼ 37.0% |
| Recurring financial charges65 | €215,297 | €61,275 | €88,656 | €172,404 | €108,630 | ▼ 37.0% |
| Debt charges650 | €122,718 | €53,716 | €67,728 | €151,438 | €91,466 | ▼ 39.6% |
| Other financial charges652/9 | - | €7,558 | €20,928 | €20,966 | €17,163 | ▼ 18.1% |
| Non-recurring financial charges66B | - | €68,024 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €85,467 | €79,544 | -€220,926 | -€22,737 | -€269,252 | ▼ 1,084% |
| Income taxes67/77 | €197 | €184 | €207 | €220 | €209 | ▼ 5.0% |
| Taxes670/3 | - | €184 | €207 | €220 | €209 | ▼ 5.0% |
| Profit (loss) for the period9904 | €85,270 | €79,360 | -€221,132 | -€22,957 | -€269,461 | ▼ 1,074% |
| Profit (loss) for the period to be appropriated9905 | €85,270 | €79,360 | -€221,132 | -€22,957 | -€269,461 | ▼ 1,074% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.8m | €5.3m | €5.1m | €4.6m | €5.2m | ▲ 12.8% |
| Fixed assets21/28 | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | ▲ 3.1% |
| Tangible fixed assets22/27 | €750 | €750 | €750 | €47,376 | €37,135 | ▼ 21.6% |
| Plant, machinery and equipment23 | - | - | - | €1,926 | €1,344 | ▼ 30.2% |
| Furniture and vehicles24 | - | - | - | €44,700 | €35,040 | ▼ 21.6% |
| Other tangible fixed assets26 | - | €750 | €750 | €750 | €750 | = |
| Financial fixed assets28 | €1.6m | €1.6m | €1.6m | €1.6m | €1.6m | ▲ 3.9% |
| Affiliated companies280/1 | - | €1.6m | €1.6m | €1.6m | €1.6m | ▲ 3.9% |
| Participating interests280 | - | €1.6m | €1.6m | €1.6m | €1.6m | = |
| Amounts receivable281 | - | - | - | - | €60,000 | - |
| Current assets29/58 | €3.2m | €3.7m | €3.5m | €3.0m | €3.5m | ▲ 18.0% |
| Stocks and contracts in progress3 | €1.3m | - | - | - | - | - |
| Amounts receivable within one year40/41 | €1.8m | €3.6m | €3.1m | €2.6m | €3.3m | ▲ 24.7% |
| Trade receivables40 | - | €618,720 | €1.5m | €1.8m | €2.4m | ▲ 35.2% |
| Other amounts receivable41 | - | €2.9m | €1.6m | €874,770 | €904,631 | ▲ 3.4% |
| Cash at bank and in hand54/58 | €6,506 | €8,306 | €153,516 | €185,734 | €75,396 | ▼ 59.4% |
| Deferred charges and accrued income490/1 | - | €172,627 | €267,220 | €174,792 | €173,143 | ▼ 0.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.8m | €5.3m | €5.1m | €4.6m | €5.2m | ▲ 12.8% |
| Equity10/15 | €1.0m | €1.1m | €888,271 | €865,314 | €595,853 | ▼ 31.1% |
| Contributions10/11 | €350,000 | €350,000 | €350,000 | €350,000 | €350,000 | = |
| Capital10 | - | €350,000 | €350,000 | €350,000 | €350,000 | = |
| Issued capital100 | - | €350,000 | €350,000 | €350,000 | €350,000 | = |
| Reserves13 | €35,000 | €35,000 | €35,000 | €515,314 | €245,853 | ▼ 52.3% |
| Non-distributable reserves130/1 | - | €35,000 | €35,000 | €35,000 | €35,000 | = |
| Legal reserve130 | - | €35,000 | €35,000 | €35,000 | €35,000 | = |
| Distributable reserves133 | - | - | - | €480,314 | €210,853 | ▼ 56.1% |
| Profit (loss) carried forward14 | €645,043 | €724,403 | €503,271 | - | - | - |
| Amounts payable17/49 | €3.7m | €4.2m | €4.2m | €3.7m | €4.6m | ▲ 23.0% |
| Amounts payable after more than one year17 | €253,112 | €130,577 | €58,447 | €79,488 | €63,902 | ▼ 19.6% |
| Financial debts170/4 | - | - | - | €21,041 | €13,455 | ▼ 36.1% |
| Credit institutions173 | - | - | - | €21,041 | €13,455 | ▼ 36.1% |
| Other amounts payable178/9 | - | €130,577 | €58,447 | €58,447 | €50,447 | ▼ 13.7% |
| Amounts payable within one year42/48 | €3.4m | €4.0m | €4.1m | €3.6m | €4.5m | ▲ 24.0% |
| Current portion of amounts payable after more than one year42 | - | €50,000 | - | €7,241 | €7,586 | ▲ 4.8% |
| Financial debts43 | - | €3.8m | €3.0m | €1.5m | €1.5m | = |
| Credit institutions430/8 | - | €3.8m | €3.0m | €1.5m | €1.5m | = |
| Trade debts44 | €352,625 | €174,076 | €1.1m | €1.8m | €1.7m | ▼ 4.1% |
| Suppliers440/4 | - | €174,076 | €1.1m | €1.8m | €1.7m | ▼ 4.1% |
| Advances received on contracts in progress46 | - | €25,900 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €199 | €391 | €1,955 | €429 | ▼ 78.1% |
| Taxes450/3 | - | €199 | €391 | €427 | €429 | ▲ 0.6% |
| Remuneration and social security454/9 | - | - | - | €1,529 | - | - |
| Other amounts payable47/48 | - | - | €38,000 | €370,635 | €1.3m | ▲ 257% |
| Accrued charges and deferred income492/3 | - | €6,968 | €15,359 | €10,561 | €12,328 | ▲ 16.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €85,270 | €79,360 | -€221,132 | -€22,957 | -€269,461 | ▼ 1,074% |
| + Depreciation and write-downs630 | €5,271 | - | - | €3,619 | €10,001 | ▲ 176% |
| Operating cash flow (approximation) | €90,541 | €79,360 | -€221,132 | -€19,338 | -€259,460 | ▼ 1,242% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€50,245 | -€59,759 | ▼ 18.9% |
| Change in cash | - | €1,799 | €145,210 | €32,218 | -€110,338 | ▼ 442% |
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
Next filing, fiscal year 2026, expected by
2026
16-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 71 days late
2024
31-12
Financial
Weakest financial yearnet -€269,461
Net result drops to -€269,461, the lowest in the series.
17-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 78 days late
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 92 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Highest result since 2019net €85,270 ▲462%
Net result €85,270, the highest in the series.
31-12
Financial
Equity above €1mEq €1.0m ▲9%
2 profitable years in a row build equity to €1.0m.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
11-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
15-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
03-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
8 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, Liège · 1 establishment unit since 1993
Ground area
547 m²
Building footprint
185 m²
Volume, LiDAR
4,039 m³
Parcel 62805B0476/00W018, Wallonia · tallest building 33.3 m, ±7 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
Boulevard Frère-Orban 18, 4000 Liège
since 19932.063.052.220
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62805B0476/00W018 | Wallonia | 546 m² | 1 · 185 m² | 33.3 m · 7 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.
Structure & network
Owners and holdings
1 owner · 1 holdingChain of control
- PATRIMONIALE ORBAN
- SGPMI
Highest known parent: PATRIMONIALE ORBAN. The sources do not say who stands above it.
Owners 1
- PATRIMONIALE ORBANparent99.99%
Holdings 1
-
100%
According to the 2024 annual accounts of SGPMI and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLiège2.063.052.220
Legal Entity Identifier
5493002G0E10V6IUQZ06
Similar companies · same sector, comparable size
Eierhandel Senden
BE 0770.263.439
Maaseik · Eq €597,237
DE WILDE KAAS & ZUIVEL
BE 0461.904.102
Sint-Niklaas · Eq €598,338
FERME AVICOLE DE LONGUEVILLE
BE 0461.364.464
Chaumont-Gistoux · Eq €600,924
Ets. André WAUTERS & Cie
BE 0435.891.175
Kapellen · Eq €614,468
DAL KIP
BE 0467.821.496
Laakdal · Eq €619,771
Of 397 companies in sector 46331 we hold annual accounts for 229. 162 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded08-06-1993
Fiscal year end31-12
Activities, NACEBEL 2025
46331Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0450297754
Also
9925:BE0450297754
Registered
23-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.