Checked.be
Active
BE 0687.538.374Private limited company
SA-MARIE
Burgweg 43 ·8647 Lo-Reninge, Belgium· 8 yrs active
Sector: Business and other management consultancy
(70200)
Conclusion
SA-MARIE has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €756k and a net result of €65k. Equity is growing by ~3.3% per year across the filed fiscal years. Its solvency ranks better than 65% of 8073 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €756k |
| Net result | €65k |
| Better than sector | 65% |
| Active | 8 yrs |
Financial profile
72
/ 100
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
Health
69
Profitability
43
Solvency
71
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
More than 3 years active
Founded in 2018, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
69
/ 100
Healthy
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€50k
estimate, not credit advice
Score history
81
2021
81
2022
69
2023
69
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.71 (< 1.0)
-10
Leverage
Debt/equity 0.43 (< 1.0)
+10
Profitability
ROE 9%
+3
Interest coverage
Interest coverage 26.0× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 23-06-2025 with the NBB · fiscal year 2024 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~3.3%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 70, Activities of head offices; management consultancy activities · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 70.0% | 53.8% | |
| Net result | €65k | €46k | |
| Equity | €756k | €443k | |
| Gross operating margin | €101k | €99k | |
| Total assets | €1.08M | €1.12M |
€99k
+61.7%
21-24
€65k
+92.0%
21-24
€65k
+65.4%
21-24
€1.08M
+0.8%
21-24
€756k
+4.0%
21-24
€-37k
-125.0%
21-24
€31k
+68.2%
21-24
€36k
+80.0%
21-24
€325k
-5.9%
21-24
€125k
+28.8%
21-24
€198k
-20.0%
21-24
0.71
-15.0%
21-24
0.71
-15.0%
21-24
70.0%
+3.2%
21-24
0.43
-9.5%
21-24
8.6%
+84.6%
21-24
6.0%
+90.4%
21-24
25.96
+37.2%
21-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - |
| EBITDA | €99k | €61k | €57k | €79k |
| Net profit | €65k | €34k | €30k | €45k |
| Cash flow | €65k | €39k | €36k | €51k |
| Staff costs | - | - | - | - |
| Income taxes | €31k | €19k | €17k | €24k |
| Dividends | €36k | €20k | - | - |
| Total assets | €1.08M | €1.07M | €1.08M | €1.10M |
| Equity | €756k | €726k | €712k | €682k |
| Debt | €325k | €345k | €368k | €415k |
| of which ≤ 1y | €125k | €97k | €71k | €68k |
| of which > 1y | €198k | €248k | €297k | €347k |
| Working capital | €-37k | €-16k | €14k | €27k |
| Employees (FTE) | - | - | - | - |
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 0.71 | 0.83 | 1.19 | 1.40 |
| Quick ratio | 0.71 | 0.83 | 1.19 | 1.40 |
| Working capital ratio | -3.4% | -1.5% | 1.3% | 2.5% |
| Solvency | 70.0% | 67.8% | 65.9% | 62.2% |
| Debt / equity | 0.43 | 0.47 | 0.52 | 0.61 |
| Long-term debt ratio | 0.26 | 0.34 | 0.42 | 0.51 |
| Interest coverage | 25.96 | 18.91 | 15.87 | 19.74 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 6.0% | 3.2% | 2.8% | 4.1% |
| ROE | 8.6% | 4.7% | 4.2% | 6.6% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €1.08M | €1.07M | €1.08M | €1.10M |
| Fixed assets | 21/28 | €991k | €990k | €995k | €1.00M |
| Tangible fixed assets | 22/27 | €1k | - | €5k | €12k |
| Financial fixed assets | 28 | €990k | €990k | €990k | €990k |
| Current assets | 29/58 | €89k | €81k | €85k | €95k |
| Amounts receivable within one year | 40/41 | €16k | - | €17k | €17k |
| Cash & bank | 54/58 | - | €81k | €67k | €78k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.08M | €1.07M | €1.08M | €1.10M |
| Equity | 10/15 | €756k | €726k | €712k | €682k |
| Contributions / capital | 10/11 | €507k | €507k | €507k | €507k |
| Reserves | 13 | €211k | €182k | €169k | €139k |
| Accumulated profits (losses) | 14 | €37k | €37k | €36k | €36k |
| Amounts payable | 17/49 | €325k | €345k | €368k | €415k |
| Amounts payable after one year | 17 | €198k | €248k | €297k | €347k |
| Amounts payable within one year | 42/48 | €125k | €97k | €71k | €68k |
| Trade debts payable within one year | 44 | €9k | €8k | €2k | €2k |
| Income statement | |||||
| Gross operating margin | 9900 | €101k | €63k | €59k | €80k |
| Operating result | 9901 | €99k | €56k | €51k | €73k |
| Financial income | 75 | €1k | - | - | - |
| Financial charges | 65 | €4k | €3k | €4k | €4k |
| Result before taxes | 9903 | €96k | €53k | €47k | €69k |
| Income taxes | 67/77 | €31k | €19k | €17k | €24k |
| Net result for the period | 9904 | €65k | €34k | €30k | €45k |
| Result to be appropriated | 9905 | €65k | €34k | €30k | €45k |
Legal Structure
| NACE primary | Business and other management consultancy(70200) |
| Legal form | Private limited company(610) |
| Incorporation | 04-01-2018 |
| Status | Active |
| Postal code | 8647 |
Establishment units
SA-MARIE
since 20182.271.828.189
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32020B0100/00H002 | Flanders | 760 m² | 1 · 201 m² | 9.1 m · 2 fl. |
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.
Updates
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2021net €65k ▲92%
Operating result €99k, net result €65k, both a record.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €30k ▼33%
Net result drops to €30k, the lowest in the series; recovery starts the following year.
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Business and other management consultancy70200Business consulting70220
Names & trade names
| Legal nameNL | SA-MARIE |
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