S.A.R.E.M.
ActiveS.A.R.E.M. has been active since 1959 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €776k and a net result of €-89k. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 13% of 4812 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability10▲+2
Solvency23▼-1
Growth35▼-2
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days only on tighter terms
Liquidity tight (current ratio 1.19 against 1.22 in 2024), and 89.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Ten 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
Sector 46
higher
← 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 2025Solvency, return and age of the figures
Solvency
10.8%
Return on assets
-1.2%
Age of the figures
17 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
192122232425
2019 to 2025 · latest year -€89k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 4812 sector peers (2025).
NBB · sector comparisonPosition among 4812 sector peers
Solvency
better than 13%
← 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 12-09-2025, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 d early
2024
27 d early
2023
49 d early
2022
34 d early
2021
44 d early
2020
40 d early
2019
51 d early
← before the deadline
after the deadline →
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 close13-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, full schema
Turnover
€13.98M▼ 4.3%
2024 · €14.61M
2019: €12.73M
2021: €13.17M
2022: €14.43M
2023: €16.01M
2024: €14.61M
2019 → 2025
EBIT margin
0.7%▲ 0.4pp
2024 · 0.3%
2019: 1.2%
2021: 0.5%
2022: 0.7%
2023: 1.2%
2024: 0.3%
2019 → 2025
Net result
€-89k▲ 36.3%
2024 · €-139k
2019: €34k
2021: €24k
2022: €23k
2023: €62k
2024: €-139k
2019 → 2025
Working capital
€1.03M▼ 12.4%
2024 · €1.18M
2019: €1.84M
2021: €1.68M
2022: €1.57M
2023: €1.52M
2024: €1.18M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€13.17M-€14.43M▲ 9.5%€16.01M▲ 10.9%€14.61M▼ 8.8%€13.98M▼ 4.3%
Equity€920k-€942k▲ 2.5%€1.00M▲ 6.5%€865k▼ 13.9%€776k▼ 10.2%
Operating result€65k-€100k▲ 54.3%€199k▲ 100%€44k▼ 77.9%€95k▲ 116%
Net result€24k-€23k▼ 4.8%€62k▲ 172%€-139k€-89k▲ 36.3%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 116% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €7.19M
Fixed assets
€834k▼ 6.2%
Current assets
€6.35M▼ 2.0%
Equity and liabilities €7.19M
Equity
€776k▼ 10.2%
Debt
€6.41M▼ 1.4%
The debt ratio rises from 88.3% to 89.2%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€185k▲
2024 · €127k
Cash flow
€2k▲
2024 · €-56k
Solvency
10.8%▼
2024 · 11.7%
Current ratio
1.19▼
2024 · 1.22
Quick ratio
0.41▼
2024 · 0.48
Debt / equity
8.26▲
2024 · 7.52
ROE
-11.4%▲
2024 · -16.1%
ROA
-1.2%▲
2024 · -1.9%
Interest coverage
1.26▲
2024 · 0.83
Debt
€6.41M▼
2024 · €6.50M
Debt ≤ 1 year
€5.32M▲
2024 · €5.30M
Debt > 1 year
€1.06M▼
2024 · €1.15M
Income taxes
€3k▲
2024 · €-8k
Staff costs
€1.49M▼
2024 · €1.52M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€7.37M€7.19M▼
Fixed assets21/28€889k€834k▼
Intangible fixed assets21€120k€72k▼
Tangible fixed assets22/27€739k€726k▼
Land and buildings22€713k€710k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€22k€15k▼
Financial fixed assets28€30k€35k▲
Companies linked by participating interests282/3€3k€3k=
Participating interests282€3k€3k=
Other financial fixed assets284/8€27k€32k▲
Amounts receivable and cash guarantees285/8€27k€32k▲
Current assets29/58€6.48M€6.35M▼
Stocks and contracts in progress3€3.95M€4.19M▲
Stocks30/36€3.95M€4.19M▲
Goods purchased for resale34€3.95M€4.19M▲
Amounts receivable within one year40/41€2.11M€1.92M▼
Trade receivables40€2.04M€1.86M▼
Other amounts receivable41€66k€57k▼
Cash at bank and in hand54/58€205k€126k▼
Deferred charges and accrued income490/1€220k€118k▼
Equity and liabilities
Total equity and liabilities10/49€7.37M€7.19M▼
Equity10/15€865k€776k▼
Contributions10/11€200k€200k=
Capital10€200k€200k=
Issued capital100€200k€200k=
Revaluation surpluses12€565k€565k=
Reserves13€133k€133k=
Non-distributable reserves130/1€44k€44k=
Legal reserve130€44k€44k=
Tax-exempt reserves132€89k€89k=
Profit (loss) carried forward14€-33k€-122k▼
Amounts payable17/49€6.50M€6.41M▼
Amounts payable after more than one year17€1.15M€1.06M▼
Financial debts170/4€1.15M€1.06M▼
Subordinated loans170€268k€268k=
Unsubordinated bonds171€445k€445k=
Credit institutions173€441k€352k▼
Amounts payable within one year42/48€5.30M€5.32M▲
Current portion of amounts payable after more than one year42€219k€90k▼
Financial debts43€2.22M€2.24M▲
Credit institutions430/8€2.22M€2.24M▲
Trade debts44€2.57M€2.70M▲
Suppliers440/4€2.57M€2.70M▲
Advances received on contracts in progress46-€5k
Taxes, remuneration and social security45€254k€249k▼
Taxes450/3€40k€53k▲
Remuneration and social security454/9€214k€195k▼
Other amounts payable47/48€36k€34k▼
Accrued charges and deferred income492/3€51k€28k▼
Income statement
Code20242025
Operating income70/76A€14.72M€14.10M▼
Turnover70€14.61M€13.98M▼
Other operating income74€104k€105k▲
Non-recurring operating income76A€13k€19k▲
Operating charges60/66A€14.68M€14.01M▼
Goods for resale, raw materials and consumables60€12.41M€11.73M▼
Purchases600/8€12.01M€11.99M▼
Change in stocks: decrease (increase)609€392k€-256k▼
Services and other goods61€636k€659k▲
Remuneration, social security and pensions62€1.52M€1.49M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€83k€90k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€15k€9k▼
Other operating charges640/8€20k€21k▲
Non-recurring operating charges66A-€8k
Operating profit (loss)9901€44k€95k▲
Financial income75/76B€10k€13k▲
Recurring financial income75€10k€13k▲
Income from current assets751€2k€4k▲
Other financial income752/9€9k€9k▲
Financial charges65/66B€201k€194k▼
Recurring financial charges65€201k€194k▼
Debt charges650€153k€147k▼
Other financial charges652/9€48k€47k▼
Profit (loss) for the period before taxes9903€-147k€-86k▲
Income taxes67/77€-8k€3k▲
Taxes670/3€7k€3k▼
Tax adjustments and reversals of tax provisions77€15k-
Profit (loss) for the period9904€-139k€-89k▲
Profit (loss) for the period to be appropriated9905€-139k€-89k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-33k€-122k▼
Profit (loss) brought forward from the previous period14P€106k€-33k▼
Social balance
Average headcount (FTE)908724.723.8▼
The notes to these accounts (68 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
20-08
State Gazette act
General meeting · Director reappointment
Director resignation
2025
12-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2024
04-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
31-03
Financial
Weakest financial yearnet €-139k ▼326%
Net result drops to €-139k, the lowest in the series; recovery starts the following year.
2023
12-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
31-03
Financial
Highest result since 2019net €62k ▲172%
Operating result €199k, net result €62k, both a record.
31-03
Financial
Equity above €1MEq €1.00M ▲6.5%
4 profitable years in a row build equity to €1.00M.
2022
27-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2021
17-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
21-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2019
10-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
18-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
12-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
23-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
13 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, Hasselt · 2 establishment units since 1959
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.
Gebrandestraat 60B3511 HasseltGround area
1.3 ha
Building footprint
4,341 m²
Volume, LiDAR
17,907 m³
2 parcels, Flanders · tallest building 11.9 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Gebrandestraat 60B, 3511 Hasselt
since 19592.012.911.435
SAREM
since 19592.142.514.224
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24422D0227/00A000 | Flanders | 6,435 m² | 1 · 1,187 m² | 8.6 m |
| 71032B0162/00L000 | Flanders | 6,167 m² | 1 · 3,154 m² | 11.9 m · 2 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.
Structure & network
Ownership & control
1 partyS.A.R.E.M.BE 0401.345.121
controls
Where this company holds controlthis company sits on their board1
1 location
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 770 EUR awarded · 535 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 688 EUR | 453 EUR |
| 2023 | 1 | 82 EUR | 82 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 970 companies in sector 46431 we hold annual accounts for 698. 492 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-01-1959
Fiscal year end31-03
Abbreviation NL
SAREM
Activities, NACEBEL
46431Wholesale of electrical household appliances and audio-video equipment
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
General meetings
5 convocationsExtraordinary general meeting
Agenda
Agenda 1. Wijziging van de statuten als volgt : artikel 6 : het tweede en derde lid vervangen door volgende tekst : “De aandelen zijn op naam; elke overdracht van aandelen op naam geschiedt door een verklaring van overdracht, ingeschreven in het aandeelhoudersregister, gedag- en genaamtekend door de overdrager en de overnemer of door hun lasthebber, of op elke andere manier die door de wet wordt toegelaten.” artikel 11 : het laatste lid schrappen artikel 13 : in fine van de derde zin toevoegen : “en dit bij eenvoudige brief, per fax of elektronisch.” artikel 18 : het eerste streepje vervangen door “hetzij door twee bestuurders die samen optreden”. artikel 23 : het laatste lid vervangen door ...
Extraordinary general meeting
Agenda
1) Jaarverslag 2) Goedkeuring jaarrekening 31-03-2015 3) Bestemming resultaat 4) Kwijting bestuurders 5) Divers Buitengewone aandeelhoudersvergadering Ter zetel op 2 september 2015, om 11 u 45 m. AGENDA 1) Wijziging van de statuten als volgt : *artikel 6 : het tweede lid vervangen door volgende tekst : ”De aandelen zijn op naam; elke overdracht van aandelen op naam geschiedt door een verklaring van overdracht, ingeschreven in het aandeelhoudersregister, gedag- en genaamtekend door de overdrager en de overnemer of door hun lasthebber, of op elke andere manier die door de wet wordt toegelaten.” *artikel 11 : het laatste lid schrappen *artikel 18 : het eerste streepje vervangen door “hetzij doo ...
General meeting
Jaarverslag. Goedkeuring jaarrekening. Bestemming resul- taat. Kwijting bestuurders. Divers. (AOPC11400367/ 05.08)
General meeting
Agenda
Jaarverslag. Goedkeuring jaarrekening. Bestemming resultaat. Kwijting bestuurders. Divers. (AOPC11300808/ 14.08) (28311) Places vacantes Openstaande betrekkingen Ville de Bruxelles L’enseignement de régime lingustique français désire constituer une réserve de recrutement :
General meeting
Jaarverslag. Goedkeuring jaarrekening. Bestemming resul- taat. Kwijting bestuurders. Ontslagen en benoemingen. Divers. (AOPC-1-11-03736/ 18.08)