SGT
ActiveSummary
SGT has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €224,721 and a net result of €46,058. Equity is growing by ~11.3% per year across the filed fiscal years. Its solvency ranks better than 78% of 18716 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▲+5
Solvency93▼-7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17,000 at 30 days acceptable
Liquidity ample (current ratio 2.37 against 3.3 in 2024; short-term debt: 31.1% and cash: 13.1% of total assets), and 32.3% of the assets are financed with debt.
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Signals
Four 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
67.7%
Return on assets
13.9%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-03-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
2 d early
2023
22 d early
2022
26 d early
2021
30 d early
2020
31 d early
2019
8 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 21 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 4 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close30-09-2026 today30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€224,721▲ 1.5%
2024 · €221,397
Total assets
€332,016▲ 18.0%
2024 · €281,286
Net result
€46,058▲ 62.2%
2024 · €28,391
Working capital
€141,528▲ 9.6%
2024 · €129,122
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
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 47, Retail trade, 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).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€38,908▼ 48.4%-€1,685€45,113€43,852▼ 2.8%€65,063▲ 48.4%
Net result€22,635within the sector's middle half▼ 49.6%-€5,957below the sector's middle half€30,960above the sector's middle half€28,391above the sector's middle half▼ 8.3%€46,058above the sector's middle half▲ 62.2%
Equity€171,869above the sector's middle half▲ 11.5%€165,912above the sector's middle half▼ 3.5%€194,672above the sector's middle half▲ 17.3%€221,397above the sector's middle half▲ 13.7%€224,721above the sector's middle half▲ 1.5%
Total assets€216,946within the sector's middle half▲ 8.1%€193,862within the sector's middle half▼ 10.6%€244,079within the sector's middle half▲ 25.9%€281,286within the sector's middle half▲ 15.2%€332,016within the sector's middle half▲ 18.0%
Debt€45,077▼ 3.4%€27,950▼ 38.0%€49,407▲ 76.8%€59,888▲ 21.2%€107,296▲ 79.2%
Working capital€54,571within the sector's middle half▲ 84.1%€55,607within the sector's middle half▲ 1.9%€93,135above the sector's middle half▲ 67.5%€129,122above the sector's middle half▲ 38.6%€141,528above the sector's middle half▲ 9.6%
Solvency79.2%above the sector's middle half▲ 2.5pp85.6%above the sector's middle half▲ 6.4pp79.8%above the sector's middle half▼ 5.8pp78.7%above the sector's middle half▼ 1.0pp67.7%above the sector's middle half▼ 11.0pp
Current ratio2.35within the sector's middle half▲ 0.623.27above the sector's middle half▲ 0.923.03above the sector's middle half▼ 0.243.30above the sector's middle half▲ 0.272.37within the sector's middle half▼ 0.93
Return on assets (ROA)10.4%within the sector's middle half▼ 11.9pp-3.1%within the sector's middle half▼ 13.5pp12.7%above the sector's middle half▲ 15.8pp10.1%within the sector's middle half▼ 2.6pp13.9%above the sector's middle half▲ 3.8pp
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.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 48% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €332,016
Fixed assets
€87,102 ▼ 9.2%
Current assets
€244,914 ▲ 32.2%
Equity and liabilities €332,016
Equity
€224,721 ▲ 1.5%
Debt
€107,296 ▲ 79.2%
Debt's share of the balance-sheet total rises from 21.3% to 32.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€73,926▲
2024 · €52,899
Cash flow
€54,921▲
2024 · €37,438
Quick ratio
2.05▼
2024 · 2.82
Debt to equity
0.48▲
2024 · 0.27
ROE
20.5%▲
2024 · 12.8%
Interest coverage
111.89▲
2024 · 104.74
Debt ≤ 1 year
€103,386▲
2024 · €56,198
Income taxes
€24,354▲
2024 · €17,087
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
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 497,340 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 34,696 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,702 | €8,887 | €8,969 | €9,047 | €8,863 | ▼ 2.0% |
| Other operating charges640/8 | - | €2,116 | €2,448 | €1,514 | €1,498 | ▼ 1.1% |
| Gross operating margin9900 | €49,915 | €9,318 | €56,531 | €54,413 | €75,424 | ▲ 38.6% |
| Operating profit (loss)9901 | €38,908 | -€1,685 | €45,113 | €43,852 | €65,063 | ▲ 48.4% |
| Financial income75/76B | - | €973 | €2,817 | €2,131 | €6,010 | ▲ 182% |
| Recurring financial income75 | €378 | €973 | €2,817 | €2,131 | €6,010 | ▲ 182% |
| Financial charges65/66B | - | €4,021 | €439 | €505 | €661 | ▲ 30.8% |
| Recurring financial charges65 | €7,674 | €4,021 | €439 | €505 | €661 | ▲ 30.8% |
| Profit (loss) for the period before taxes9903 | €31,612 | -€4,733 | €47,491 | €45,478 | €70,412 | ▲ 54.8% |
| Income taxes67/77 | €8,977 | €1,224 | €16,531 | €17,087 | €24,354 | ▲ 42.5% |
| Profit (loss) for the period9904 | €22,635 | -€5,957 | €30,960 | €28,391 | €46,058 | ▲ 62.2% |
| Profit (loss) for the period to be appropriated9905 | €22,635 | -€5,957 | €30,960 | €28,391 | €46,058 | ▲ 62.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €216,946 | €193,862 | €244,079 | €281,286 | €332,016 | ▲ 18.0% |
| Fixed assets21/28 | €121,835 | €113,730 | €105,012 | €95,965 | €87,102 | ▼ 9.2% |
| Intangible fixed assets21 | €121,835 | €113,132 | €104,430 | €95,727 | €87,025 | ▼ 9.1% |
| Tangible fixed assets22/27 | - | €598 | €582 | €238 | €77 | ▼ 67.4% |
| Plant, machinery and equipment23 | - | - | €245 | €161 | €77 | ▼ 51.9% |
| Furniture and vehicles24 | - | €598 | €337 | €77 | - | - |
| Current assets29/58 | €95,111 | €80,132 | €139,067 | €185,321 | €244,914 | ▲ 32.2% |
| Amounts receivable after more than one year29 | - | - | - | €100,000 | €100,000 | = |
| Other amounts receivable291 | - | - | - | €100,000 | €100,000 | = |
| Stocks and contracts in progress3 | €26,597 | €25,728 | €26,501 | €26,772 | €32,608 | ▲ 21.8% |
| Stocks30/36 | - | €25,728 | €26,501 | €26,772 | €32,608 | ▲ 21.8% |
| Amounts receivable within one year40/41 | €20,303 | €15,158 | €66,354 | €21,364 | €65,415 | ▲ 206% |
| Trade receivables40 | - | €1,401 | €1,082 | €201 | €187 | ▼ 7.1% |
| Other amounts receivable41 | - | €13,757 | €65,272 | €21,162 | €65,228 | ▲ 208% |
| Cash at bank and in hand54/58 | €47,213 | €37,692 | €42,768 | €34,380 | €43,530 | ▲ 26.6% |
| Deferred charges and accrued income490/1 | - | €1,554 | €3,444 | €2,804 | €3,361 | ▲ 19.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €216,946 | €193,862 | €244,079 | €281,286 | €332,016 | ▲ 18.0% |
| Equity10/15 | €171,869 | €165,912 | €194,672 | €221,397 | €224,721 | ▲ 1.5% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €153,269 | €147,312 | €176,072 | €202,797 | €206,121 | ▲ 1.6% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €145,452 | €174,212 | €200,937 | €204,261 | ▲ 1.7% |
| Profit (loss) carried forward14 | €89,606 | - | - | - | - | - |
| Amounts payable17/49 | €45,077 | €27,950 | €49,407 | €59,888 | €107,296 | ▲ 79.2% |
| Amounts payable after more than one year17 | €1,040 | - | - | - | - | - |
| Amounts payable within one year42/48 | €40,540 | €24,525 | €45,932 | €56,198 | €103,386 | ▲ 84.0% |
| Current portion of amounts payable after more than one year42 | - | €1,040 | - | - | - | - |
| Financial debts43 | - | - | - | - | €5,876 | - |
| Credit institutions430/8 | - | - | - | - | €5,876 | - |
| Trade debts44 | €26,116 | €18,035 | €28,073 | €26,406 | €39,248 | ▲ 48.6% |
| Suppliers440/4 | - | €18,035 | €28,073 | €26,406 | €39,248 | ▲ 48.6% |
| Taxes, remuneration and social security45 | - | €5,450 | €15,659 | €24,401 | €11,046 | ▼ 54.7% |
| Taxes450/3 | - | €5,450 | €15,659 | €24,401 | €11,046 | ▼ 54.7% |
| Other amounts payable47/48 | - | - | €2,200 | €5,391 | €47,216 | ▲ 776% |
| Accrued charges and deferred income492/3 | - | €3,425 | €3,475 | €3,690 | €3,910 | ▲ 6.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,635 | -€5,957 | €30,960 | €28,391 | €46,058 | ▲ 62.2% |
| + Depreciation and write-downs630 | €8,702 | €8,887 | €8,969 | €9,047 | €8,863 | ▼ 2.0% |
| Operating cash flow (approximation) | €31,337 | €2,930 | €39,930 | €37,438 | €54,921 | ▲ 46.7% |
| Investment in fixed assets (approximation) | - | -€782 | -€251 | €0 | €0 | - |
| Change in cash | - | -€9,521 | €5,076 | -€8,388 | €9,150 | ▲ 209% |
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
30-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2018net €46,058 ▲62.2%
Net result €46,058, the highest in the series.
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Equity above €200,000Eq €221,397 ▲13.7%
2 profitable years in a row build equity to €221,397.
08-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €30,960
Net result €30,960 after one loss-making year.
04-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Weakest financial yearnet -€5,957
Net result drops to -€5,957, the lowest in the series; recovery starts the following year.
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Liquidity doublescurrent ratio 1.73
Current ratio from 0.76 to 1.73; short-term debt falls from €86,711 to €40,590.
30-09
Financial
Equity above €150,000Eq €154,134 ▲40%
3 profitable years in a row build equity to €154,134.
Show earlier events
22-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Equity above €100,000Eq €110,066 ▲21.8%
2 profitable years in a row build equity to €110,066.
26-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
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
4 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, Aalter · 1 establishment unit since 2008
Ground area
140 m²
Building footprint
119 m²
Volume, LiDAR
829 m³
Parcel 44001B0705/00D003, Flanders · tallest building 10.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Hoefijzer 16, 9880 Aalter
since 20082.168.026.511
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44001B0705/00D003 | Flanders | 140 m² | 1 · 119 m² | 10.4 m · 3 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.
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Of 4,238 companies in sector 47789 we hold annual accounts for 1,019. 784 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded22-11-2007
Fiscal year end30-09
Activities, NACEBEL 2025
47789Other retail sale of new goods
47120Other non-specialised retail sale
47260Retail trade
47540Retail sale of electrical household appliances
47621Retail sale of newspapers and periodicals
92000Gambling and betting activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0893656347
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.