SGPRO
ActiveSummary
SGPRO has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €137,853 and a net result of €12,295. Equity is growing by ~12.7% per year across the filed fiscal years. Its solvency ranks better than 24% of 4235 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▼-6
Solvency39▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7,000 at 30 days acceptable
Liquidity short (current ratio 0.97 against 0.92 in 2024; short-term debt: 44.4% and cash: 2.3% of total assets), and 86.2% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 4235 sector peers (2025).
NBB · sector comparisonPosition among 4235 sector peers
Solvency
better than 24%
← weakest
strongest →
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 30-10-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
3 d early
2023
1 d early
2022
34 d early
2021
2 d early
2020
16 d late
2019
12 d early
← 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 5 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€12,295▼ 82.5%
2024 · €70,166
Working capital
-€12,180▲ 72.6%
2024 · -€44,440
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail 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
Line20212022202320242025
Operating result€133,337▲ 26.7%€23,933▼ 82.1%€38,489▲ 60.8%€89,948▲ 134%€35,422▼ 60.6%
Net result€121,473within the sector's middle half▲ 41.8%€10,304within the sector's middle half▼ 91.5%€22,673within the sector's middle half▲ 120%€70,166within the sector's middle half▲ 209%€12,295within the sector's middle half▼ 82.5%
Equity€122,414within the sector's middle half▲ 21.3%€82,719within the sector's middle half▼ 32.4%€105,392within the sector's middle half▲ 27.4%€125,558within the sector's middle half▲ 19.1%€137,853within the sector's middle half▲ 9.8%
Total assets€611,735within the sector's middle half▲ 18.1%€1.2mwithin the sector's middle half▲ 104%€1.2mwithin the sector's middle half▼ 3.2%€1.2mwithin the sector's middle half▼ 3.3%€998,195within the sector's middle half▼ 14.6%
Debt€489,321▲ 18.4%€1.2m▲ 138%€1.1m▼ 5.4%€1.0m▼ 5.4%€860,342▼ 17.5%
Working capital-€23,473below the sector's middle half▲ 51.3%-€81,685below the sector's middle half▼ 248%-€21,030below the sector's middle half▲ 74.3%-€44,440below the sector's middle half▼ 111%-€12,180below the sector's middle half▲ 72.6%
Solvency20.0%within the sector's middle half▲ 0.5pp6.6%below the sector's middle half▼ 13.4pp8.7%below the sector's middle half▲ 2.1pp10.7%below the sector's middle half▲ 2.0pp13.8%below the sector's middle half▲ 3.1pp
Current ratio0.95below the sector's middle half▲ 0.070.86below the sector's middle half▼ 0.090.96below the sector's middle half▲ 0.100.92below the sector's middle half▼ 0.040.97below the sector's middle half▲ 0.05
Return on assets (ROA)19.9%above the sector's middle half▲ 3.3pp0.8%within the sector's middle half▼ 19.0pp1.9%within the sector's middle half▲ 1.1pp6.0%within the sector's middle half▲ 4.1pp1.2%within the sector's middle half▼ 4.8pp
Staff (FTE)5.9within the sector's middle half▼ 33.7%9.4within the sector's middle half▲ 59.3%9.1within the sector's middle half▼ 3.2%9.8within the sector's middle half▲ 7.7%9.6within the sector's middle half▼ 2.0%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 61% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €998,195
Fixed assets
€567,536 ▼ 14.3%
Current assets
€430,659 ▼ 15.0%
Equity and liabilities €998,195
Equity
€137,853 ▲ 9.8%
Debt
€860,342 ▼ 17.5%
Debt's share of the balance-sheet total falls from 89.3% to 86.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€138,337▼
2024 · €187,472
Cash flow
€115,210▼
2024 · €167,690
Quick ratio
0.10▼
2024 · 0.26
Debt to equity
6.24▼
2024 · 8.31
ROE
8.9%▼
2024 · 55.9%
Interest coverage
5.99▼
2024 · 9.57
Debt ≤ 1 year
€442,839▼
2024 · €550,877
Debt > 1 year
€410,089▼
2024 · €484,753
Income taxes
€53▼
2024 · €189
Staff costs
€209,323▼
2024 · €242,195
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,504 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 97% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.2%
went bankrupt
1.6%
stopped otherwise
97%
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 0.6% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 4,504 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €238,562 | €257,294 | €242,195 | €209,323 | ▼ 13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,163 | €71,249 | €88,446 | €97,524 | €102,915 | ▲ 5.5% |
| Other operating charges640/8 | - | €964 | €13,361 | €14,638 | €18,899 | ▲ 29.1% |
| Gross operating margin9900 | €339,925 | €334,708 | €397,590 | €444,306 | €366,559 | ▼ 17.5% |
| Operating profit (loss)9901 | €133,337 | €23,933 | €38,489 | €89,948 | €35,422 | ▼ 60.6% |
| Financial income75/76B | - | €13 | - | €3 | €5 | ▲ 62.9% |
| Recurring financial income75 | €9 | €13 | - | €3 | €5 | ▲ 62.9% |
| Financial charges65/66B | - | €13,898 | €15,815 | €19,596 | €23,079 | ▲ 17.8% |
| Recurring financial charges65 | €4,630 | €13,898 | €15,815 | €19,596 | €23,079 | ▲ 17.8% |
| Profit (loss) for the period before taxes9903 | €128,716 | €10,048 | €22,673 | €70,355 | €12,348 | ▼ 82.4% |
| Income taxes67/77 | €7,243 | -€256 | - | €189 | €53 | ▼ 72.2% |
| Profit (loss) for the period9904 | €121,473 | €10,304 | €22,673 | €70,166 | €12,295 | ▼ 82.5% |
| Profit (loss) for the period to be appropriated9905 | €121,473 | €10,304 | €22,673 | €70,166 | €12,295 | ▼ 82.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €611,735 | €1.2m | €1.2m | €1.2m | €998,195 | ▼ 14.6% |
| Fixed assets21/28 | €168,436 | €730,446 | €670,804 | €662,189 | €567,536 | ▼ 14.3% |
| Tangible fixed assets22/27 | €163,489 | €725,498 | €668,981 | €660,382 | €564,485 | ▼ 14.5% |
| Plant, machinery and equipment23 | - | €723,267 | €663,479 | €643,726 | €555,436 | ▼ 13.7% |
| Furniture and vehicles24 | - | €2,231 | €5,502 | €16,656 | €9,048 | ▼ 45.7% |
| Financial fixed assets28 | €4,947 | €4,947 | €1,823 | €1,807 | €3,051 | ▲ 68.8% |
| Current assets29/58 | €443,299 | €517,891 | €537,742 | €506,438 | €430,659 | ▼ 15.0% |
| Stocks and contracts in progress3 | €232,399 | €354,366 | €368,614 | €362,345 | €385,012 | ▲ 6.3% |
| Stocks30/36 | - | €354,366 | €368,614 | €362,345 | €385,012 | ▲ 6.3% |
| Amounts receivable within one year40/41 | €90,322 | €112,843 | €101,381 | €123,398 | €22,523 | ▼ 81.7% |
| Trade receivables40 | - | €10,986 | €3,720 | €24,319 | €1,142 | ▼ 95.3% |
| Other amounts receivable41 | - | €101,857 | €97,661 | €99,079 | €21,380 | ▼ 78.4% |
| Cash at bank and in hand54/58 | €120,578 | €42,650 | €65,823 | €17,648 | €23,124 | ▲ 31.0% |
| Deferred charges and accrued income490/1 | - | €8,032 | €1,924 | €3,047 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €611,735 | €1.2m | €1.2m | €1.2m | €998,195 | ▼ 14.6% |
| Equity10/15 | €122,414 | €82,719 | €105,392 | €125,558 | €137,853 | ▲ 9.8% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €54,473 | €14,777 | €14,777 | €14,777 | €14,777 | = |
| Non-distributable reserves130/1 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Distributable reserves133 | - | €8,577 | €8,577 | €8,577 | €8,577 | = |
| Profit (loss) carried forward14 | €5,941 | €5,941 | €28,615 | €48,780 | €61,075 | ▲ 25.2% |
| Amounts payable17/49 | €489,321 | €1.2m | €1.1m | €1.0m | €860,342 | ▼ 17.5% |
| Amounts payable after more than one year17 | €22,549 | €560,504 | €538,846 | €484,753 | €410,089 | ▼ 15.4% |
| Financial debts170/4 | - | €560,504 | €538,846 | €484,753 | €410,089 | ▼ 15.4% |
| Amounts payable within one year42/48 | €466,772 | €599,576 | €558,772 | €550,877 | €442,839 | ▼ 19.6% |
| Current portion of amounts payable after more than one year42 | - | €88,217 | €87,240 | €89,431 | €80,548 | ▼ 9.9% |
| Financial debts43 | - | - | - | €22,240 | €61,780 | ▲ 178% |
| Credit institutions430/8 | - | - | - | €22,240 | €61,780 | ▲ 178% |
| Trade debts44 | €277,629 | €406,171 | €415,211 | €336,837 | €277,272 | ▼ 17.7% |
| Suppliers440/4 | - | €406,171 | €415,211 | €336,837 | €277,272 | ▼ 17.7% |
| Taxes, remuneration and social security45 | - | €28,786 | €31,058 | €35,047 | €23,239 | ▼ 33.7% |
| Taxes450/3 | - | - | €1,873 | - | - | - |
| Remuneration and social security454/9 | - | €28,786 | €29,186 | €35,047 | €23,239 | ▼ 33.7% |
| Other amounts payable47/48 | - | €76,402 | €25,263 | €67,322 | - | - |
| Accrued charges and deferred income492/3 | - | €5,539 | €5,536 | €7,438 | €7,414 | ▼ 0.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €121,473 | €10,304 | €22,673 | €70,166 | €12,295 | ▼ 82.5% |
| + Depreciation and write-downs630 | €24,163 | €71,249 | €88,446 | €97,524 | €102,915 | ▲ 5.5% |
| Operating cash flow (approximation) | €145,637 | €81,553 | €111,120 | €167,690 | €115,210 | ▼ 31.3% |
| Investment in fixed assets (approximation) | - | -€633,259 | -€28,804 | -€88,909 | -€8,262 | ▲ 90.7% |
| Change in cash | - | -€77,928 | €23,173 | -€48,175 | €5,477 | ▲ 111% |
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
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
28-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
31-03
Financial
Equity above €100,000Eq €105,392 ▲27.4%
4 profitable years in a row build equity to €105,392.
2022
27-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
31-03
Financial
Highest result since 2019net €121,473 ▲41.8%
Operating result €133,337, net result €121,473, both a record.
2020
16-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 16 days late
31-03
Financial
Back to profitnet €85,662
Net result €85,662 after one loss-making year.
31-03
Financial
Equity above €100,000Eq €100,941 ▲54.6%
Equity rises from €65,279 to €100,941.
2019
19-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
16-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
20-10
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
21-10
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 7 acts read
About the unread acts
We know of 7 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
7 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, Saint-Ghislain · 1 establishment unit since 2008
Ground area
1,408 m²
Building footprint
298 m²
Volume, LiDAR
3,187 m³
Parcel 53070B0065/00F000, Wallonia · tallest building 13.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Place des Combattants(SG) 23, 7330 Saint-Ghislain
since 20082.174.031.504
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53070B0065/00F000 | Wallonia | 1,408 m² | 1 · 298 m² | 13.4 m · 4 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSaint-Ghislain2.174.031.504
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Of 10,510 companies in sector 47110 we hold annual accounts for 5,853. 4,498 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
Founded08-10-2008
Fiscal year end31-03
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
47621Retail sale of newspapers and periodicals
E-invoicing
Reachable via Peppol
Peppol ID
0208:0807012581
Also
9925:BE0807012581
Registered
19-09-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.