SAKOLAKI 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 €371.07M and a net result of €8.01M. Equity is growing by ~6.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 2394 sector peers (fiscal year 2025). The company has been active since 1992 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
Three signals. The signal on the left, the evidence on the right.
○neutral
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 19-02-2026, 70 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
70 d early
2024
50 d early
2023
61 d early
2022
51 d early
2021
58 d early
2020
49 d early
2019
23 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
23-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, full schema
Equity
€371.07M▼ 3.4%
2023 · €384.10M
2018: €184.32M
2019: €226.75M
2020: €392.96M
2021: €418.93M
2022: €387.46M
2023: €384.10M
2018 → 2025
Net result
€8.01M▼ 87.1%
2023 · €62.24M
2018: €1.21M
2019: €1.09M
2020: €-238k
2021: €26.00M
2022: €34.46M
2023: €62.24M
2018 → 2025
Total assets
€372.30M▼ 10.0%
2023 · €413.90M
2018: €187.01M
2019: €230.99M
2020: €396.71M
2021: €422.20M
2022: €389.02M
2023: €413.90M
2018 → 2025
Solvency
99.7%▲ 6.9pp
2023 · 92.8%
2018: 98.6%
2019: 98.2%
2020: 99.1%
2021: 99.2%
2022: 99.6%
2023: 92.8%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232025Trend
Turnover€1.08M-€1.07M▼ 0.8%€11.49M▲ 976%€858k▼ 92.5%€1.01M▲ 17.7%
Equity€392.96M-€418.93M▲ 6.6%€387.46M▼ 7.5%€384.10M▼ 0.9%€371.07M▼ 3.4%
Operating result€-895k-€-871k▲ 2.7%€649k€-3.33M€-1.51M▲ 54.8%
Net result€-238k-€26.00M€34.46M▲ 32.6%€62.24M▲ 80.6%€8.01M▼ 87.1%
Result per fiscal year
Operating resultNet result
The operating result is €-1.51M in 2025, compared with €-3.33M in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €372.30M
Fixed assets
€301.56M▼ 21.1%
Current assets
€70.74M▲ 124%
Equity and liabilities €372.30M
Equity
€371.07M▼ 3.4%
Debt
€1.23M▼ 95.9%
The debt ratio falls from 7.2% to 0.3%. Equity and debt are lower.
Key figures and ratios
Solvency
99.7%▲
2023 · 92.8%
ROE
2.2%▼
2023 · 16.2%
ROA
2.2%▼
2023 · 15.0%
Debt
€1.23M▼
2023 · €29.80M
Debt ≤ 1 year
€685k▼
2023 · €8.31M
Debt > 1 year
€526k▼
2023 · €21.37M
Income taxes
€195k▲
2023 · €14k
Staff costs
€238k▲
2023 · €131k
A ratio outside any meaningful range has been withheld (balance sheet total €372.30M, equity €371.07M).
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 2023
Balance sheet
Code20232025
Assets
Total assets20/58€413.90M€372.30M▼
Formation expenses20€12k€5k▼
Fixed assets21/28€382.30M€301.56M▼
Tangible fixed assets22/27€42.34M€58.37M▲
Land and buildings22€36.98M€47.90M▲
Furniture and vehicles24€5.36M€10.47M▲
Financial fixed assets28€339.96M€243.19M▼
Affiliated companies280/1€274.23M€122.16M▼
Participating interests280€257.83M€110.59M▼
Amounts receivable281€16.40M€11.56M▼
Companies linked by participating interests282/3€40.76M€69.51M▲
Participating interests282€36.55M€61.62M▲
Amounts receivable283€4.21M€7.89M▲
Other financial fixed assets284/8€24.97M€51.53M▲
Shares284€24.97M€51.53M▲
Amounts receivable and cash guarantees285/8€580€905▲
Current assets29/58€31.58M€70.74M▲
Amounts receivable after more than one year29€4.81M€2.50M▼
Other amounts receivable291€4.81M€2.50M▼
Stocks and contracts in progress3€0€523k▲
Stocks30/36-€523k
Property held for sale35-€523k
Amounts receivable within one year40/41€1.47M€2.38M▲
Trade receivables40€73k€134k▲
Other amounts receivable41€1.40M€2.24M▲
Current investments50/53€20.00M€54.87M▲
Other investments51/53€20.00M€54.87M▲
Cash at bank and in hand54/58€3.86M€10.10M▲
Deferred charges and accrued income490/1€1.44M€375k▼
Equity and liabilities
Total equity and liabilities10/49€413.90M€372.30M▼
Equity10/15€384.10M€371.07M▼
Contributions10/11€36.10M€36.10M=
Capital10€36.10M€36.10M=
Issued capital100€36.10M€36.10M=
Revaluation surpluses12€120.42M€38.58M▼
Reserves13€227.59M€296.39M▲
Non-distributable reserves130/1€3.61M€3.61M=
Legal reserve130€3.61M€3.61M=
Distributable reserves133€223.98M€292.78M▲
Amounts payable17/49€29.80M€1.23M▼
Amounts payable after more than one year17€21.37M€526k▼
Financial debts170/4€862k€526k▼
Credit institutions173€862k€526k▼
Other amounts payable178/9€20.50M-
Amounts payable within one year42/48€8.31M€685k▼
Current portion of amounts payable after more than one year42€161k€188k▲
Financial debts43€7.97M€0▼
Credit institutions430/8€7.97M€0▼
Trade debts44€145k€333k▲
Suppliers440/4€145k€333k▲
Taxes, remuneration and social security45€38k€162k▲
Taxes450/3€7k€106k▲
Remuneration and social security454/9€31k€56k▲
Other amounts payable47/48€0€2k▲
Accrued charges and deferred income492/3€121k€20k▼
Income statement
Code20232025
Operating income70/76A€986k€1.30M▲
Turnover70€858k€1.01M▲
Change in stocks of work in progress, finished goods and contracts in progress71€0-
Other operating income74€127k€292k▲
Operating charges60/66A€4.32M€2.81M▼
Purchases600/8-€0
Change in stocks: decrease (increase)609-€0
Services and other goods61€1.03M€1.51M▲
Remuneration, social security and pensions62€131k€238k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€644k€911k▲
Other operating charges640/8€155k€152k▼
Non-recurring operating charges66A€2.36M-
Operating profit (loss)9901€-3.33M€-1.51M▲
Financial income75/76B€66.67M€11.22M▼
Recurring financial income75€56.52M€8.34M▼
Income from financial fixed assets750€55.60M€5.96M▼
Income from current assets751€907k€2.08M▲
Other financial income752/9€14k€303k▲
Non-recurring financial income76B€10.15M€2.88M▼
Financial charges65/66B€1.08M€1.50M▲
Recurring financial charges65€295k€1.27M▲
Debt charges650€210k€230k▲
Other financial charges652/9€85k€1.05M▲
Non-recurring financial charges66B€789k€228k▼
Profit (loss) for the period before taxes9903€62.25M€8.21M▼
Income taxes67/77€14k€195k▲
Taxes670/3€15k€195k▲
Tax adjustments and reversals of tax provisions77€611€0▼
Profit (loss) for the period9904€62.24M€8.01M▼
Profit (loss) for the period to be appropriated9905€62.24M€8.01M▼
Appropriation of the result
Profit (loss) to be appropriated9906€62.24M€8.01M▼
Transfer to equity691/2€62.24M€8.01M▼
To other reserves6921€62.24M€8.01M▼
Social balance
Average headcount (FTE)90872.02.3▲
The notes to these accounts (96 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
29-07
State Gazette act
RestructuringBoard meeting · Demerger · Corporate purpose12 facts ▸
State Gazette act
Restructuring
Board meeting · Demerger · Corporate purpose12 facts ▸
- Board meeting, 20/07/2026
- Demerger
- Corporate purpose, De vennootschap heeft tot voorwerp: - De verhuring van door inbreng of onder andere titel verworven onroerende goederen, die zij kan bebouwen, verbouwen, afbrek…
- Corporate purpose, I. Beheer van een onroerend en roerend vermogen A/ Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle verrichtingen met betr…
- Capital, €36.099.267,73
- Founding capital, €370.342,45
- Accounting effect, 01/06/2026
- Net-asset statement, 31/05/2026
- Real estate, 66/100sten onverdeeld in volle eigendom: Gemeente Kuurne, Kleine Ringlaan 3-5-7: Een commercieel complex omvattende 3 grootwarenhuizen met aanhorigheden en park…
- Exchange ratio, 660/24941
- Suspensive condition, oprichting van de Verkrijgende Vennootschap
- Mandate, opdracht gegeven worden om het verslag inzake de inbreng in natura op te maken ten behoeve van de op te richten Verkrijgende Vennootschap
19-02
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-09
Financial
Liquidity times 27current ratio 103.31
Current ratio from 3.80 to 103.31; short-term debt falls from €8.31M to €685k.
11-03
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
29-02
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-09
Financial
Highest result since 2018net €62.24M ▲80.6%
Net result €62.24M, the highest in the series.
10-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
03-03
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-09
Financial
Back to profitnet €26.00M
Net result €26.00M after one loss-making year.
30-09
Financial
Liquidity triplescurrent ratio 70.31
Current ratio from 27.04 to 70.31; short-term debt falls from €404k to €233k.
12-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-09
Financial
Weakest financial yearnet €-238k ▼122%
Net result drops to €-238k, the lowest in the series; recovery starts the following year.
30-09
Financial
Equity above €250MEq €392.96M ▲73.3%
Equity rises from €226.75M to €392.96M.
07-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
26-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
09-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
09-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2022
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
03-03-2022
TRADESCO: Resigned as Director
31-12-2019
Jan OLLEVIER: Resigned as Director
Location & real-estate footprint
Registered office, Knokke-Heist · 1 establishment unit since 2001
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.
Natiënlaan 2658300 Knokke-HeistGround area
912 m²
Building footprint
347 m²
Volume, LiDAR
779 m³
Parcel 31039E0089/00K002, Flanders · tallest building 10.2 m. Linked by address, not a title deed.
1 establishment unit
Natiënlaan 265, 8300 Knokke-Heist
since 20012.101.252.107
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31039E0089/00K002 | Flanders | 912 m² | 1 · 347 m² | 10.2 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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
Connections & network
4 connected companiesNetwork connections
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Ownership & control
7 partiesSAKOLAKIBE 0448.192.656
controls
Where this company holds controlthis company sits on their board7
12 locations
11 locations
9 locations
8 locations
6 subsidiaries · 1 location
2 locations
+1 more
in the list below
Acquisitions and mergers
1 transactionContributed a business line to:SALOBRICK
Capital and shareholders
Founding capital 370,342.45 EUR · 660 shares
Recognitions · licences · registrations
Legal Entity Identifier
549300TY8KFG2FSFE489
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Of 24,728 companies in sector 64210 we hold annual accounts for 19,764. 781 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded14-09-1992
Fiscal year end30-09
Activities, NACEBEL
45250
64200Holdings
64210Activities of holding companies
43990Other specialised construction activities
43999Specialised construction activities
68201Renting and operating of own or leased residential real estate, excluding social housing
68310Real estate agency activities
68311Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:johan@olste.be
Phone:050/67.72.60