Summary
SGS INVEST is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €111.55M and a net result of €16.56M. Equity is growing by ~21.2% per year across the filed fiscal years. Its solvency ranks better than 59% of 2394 sector peers (fiscal year 2025). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
10 d late
2024
3 d early
2023
2 d early
2022
60 d late
2021
92 d late
2020
117 d late
2019
69 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Equity
€111.55M▲ 13.3%
2024 · €98.49M
2018: €31.36M
2019: €36.60M
2020: €36.40M
2021: €36.18M
2022: €65.30M
2023: €82.33M
2024: €98.49M
2018 → 2025
Net result
€16.56M▼ 13.5%
2024 · €19.15M
2018: €7.46M
2019: €5.23M
2020: €-198k
2021: €-217k
2022: €30.12M
2023: €21.03M
2024: €19.15M
2018 → 2025
Total assets
€157.50M▲ 13.0%
2024 · €139.35M
2018: €39.48M
2019: €42.47M
2020: €48.45M
2021: €57.67M
2022: €65.97M
2023: €103.63M
2024: €139.35M
2018 → 2025
Solvency
70.8%▲ 0.1pp
2024 · 70.7%
2018: 79.4%
2019: 86.2%
2020: 75.1%
2021: 62.7%
2022: 99.0%
2023: 79.4%
2024: 70.7%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€36.18M-€65.30M▲ 80.5%€82.33M▲ 26.1%€98.49M▲ 19.6%€111.55M▲ 13.3%
Operating result€-205k-€-533k▼ 159%€-282k▲ 47.1%€-154k▲ 45.5%€-475k▼ 210%
Net result€-217k-€30.12M€21.03M▼ 30.2%€19.15M▼ 8.9%€16.56M▼ 13.5%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €475k in 2025 against €154k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €157.50M
Fixed assets
€35.66M ▲ 3.4%
Current assets
€121.83M ▲ 16.2%
Equity and liabilities €157.50M
Equity
€111.55M ▲ 13.3%
Debt
€45.95M ▲ 12.4%
Debt's share of the balance-sheet total falls from 29.3% to 29.2%. Equity and debt are higher.
Key figures and ratios
ROE
14.8%▼
2024 · 19.4%
ROA
10.5%▼
2024 · 13.7%
Debt ≤ 1 year
€45.93M▲
2024 · €40.85M
Income taxes
€719k▲
2024 · €472k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 65 lines
Balance sheet
Code20242025
Assets
Total assets20/58€139.35M€157.50M▲
Fixed assets21/28€34.48M€35.66M▲
Intangible fixed assets21€14k€68k▲
Tangible fixed assets22/27€14k€11k▼
Furniture and vehicles24€8k€6k▼
Other tangible fixed assets26€7k€4k▼
Financial fixed assets28€34.46M€35.59M▲
Affiliated companies280/1€32.26M€33.39M▲
Participating interests280€31.26M€32.39M▲
Amounts receivable281€1.00M€1.00M=
Companies linked by participating interests282/3€2.20M€2.20M=
Participating interests282€2.20M€2.20M=
Current assets29/58€104.86M€121.83M▲
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€18.67M€19.50M▲
Other amounts receivable41€18.67M€19.50M▲
Current investments50/53€61.49M€87.83M▲
Other investments51/53€61.49M€87.83M▲
Cash at bank and in hand54/58€24.70M€14.49M▼
Deferred charges and accrued income490/1€10k€12k▲
Equity and liabilities
Total equity and liabilities10/49€139.35M€157.50M▲
Equity10/15€98.49M€111.55M▲
Contributions10/11€2.96M€2.87M▼
Reserves13€95.53M€108.68M▲
Distributable reserves133€95.53M€108.68M▲
Amounts payable17/49€40.86M€45.95M▲
Amounts payable within one year42/48€40.85M€45.93M▲
Trade debts44€599€2k▲
Suppliers440/4€599€2k▲
Taxes, remuneration and social security45€874k€1.02M▲
Taxes450/3€874k€1.02M▲
Other amounts payable47/48€39.97M€44.91M▲
Accrued charges and deferred income492/3€11k€11k=
Income statement
Code20242025
Operating income70/76A€2k€0▼
Other operating income74€2k€0▼
Operating charges60/66A€155k€475k▲
Services and other goods61€125k€421k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€20k▲
Other operating charges640/8€23k€34k▲
Operating profit (loss)9901€-154k€-475k▼
Financial income75/76B€19.72M€22.58M▲
Recurring financial income75€19.72M€22.58M▲
Income from financial fixed assets750€17.17M€20.16M▲
Income from current assets751€1.93M€2.42M▲
Other financial income752/9€617k€746▼
Financial charges65/66B€-63k€4.82M▲
Recurring financial charges65€-63k€4.82M▲
Debt charges650€0€41▲
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€-65k€0▲
Other financial charges652/9€2k€4.82M▲
Profit (loss) for the period before taxes9903€19.63M€17.28M▼
Income taxes67/77€472k€719k▲
Taxes670/3€472k€719k▲
Tax adjustments and reversals of tax provisions77€7€0▼
Profit (loss) for the period9904€19.15M€16.56M▼
Profit (loss) for the period to be appropriated9905€19.15M€16.56M▼
Appropriation of the result
Profit (loss) to be appropriated9906€19.15M€16.56M▼
Transfer from equity791/2€3.00M€3.50M▲
From contributions791€90k€90k▼
From reserves792€2.91M€3.41M▲
Transfer to equity691/2€19.15M€16.56M▼
To other reserves6921€19.15M€16.56M▼
Profit to be distributed694/7€3.00M€3.50M▲
Return on contributions (dividend)694€2.91M€3.41M▲
Other beneficiaries697€90k€90k▼
The notes to these accounts (50 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
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 10 days late
2025
31-12
Financial
Equity above €100MEq €111.55M ▲13.3%
4 profitable years in a row build equity to €111.55M.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 60 days late
2022
31-12
Financial
Back to profitnet €30.12M
Net result €30.12M after 2 loss-making years.
31-12
Financial
Liquidity times 39current ratio 57.81
Current ratio from 1.48 to 57.81; short-term debt falls from €21.49M to €651k.
31-12
Financial
Equity above €50MEq €65.30M ▲80.5%
Equity rises from €36.18M to €65.30M.
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 92 days late
2021
31-12
Financial
Weakest financial yearnet €-217k
Net result drops to €-217k, the lowest in the series; recovery starts the following year.
25-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 117 days late
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 69 days late
Show earlier events
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
20 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, Grimbergen · 1 establishment unit since 2007
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.
Treft 251853 GrimbergenGround area
2,898 m²
Building footprint
435 m²
Volume, LiDAR
5,291 m³
2 parcels, Flanders · tallest building 19.6 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
SGS Invest
since 20072.229.599.735
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23084B0071/00Z019 | Flanders | 2,114 m² | 1 · 304 m² | 19.6 m · 5 fl. |
| 23084B0071/00B020 | Flanders | 784 m² | 1 · 131 m² | 14.4 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
894500EB6RRM4T0YA784
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Of 24,725 companies in sector 64210 we hold annual accounts for 19,762. 1,688 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-04-2007
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.