SAGARMATHA
ActiveSAGARMATHA has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €319k and a net result of €50k. Equity is growing by ~15.7% per year across the filed fiscal years. Its solvency ranks better than 88% of 8091 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
87
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability87=
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 9.42 against 4.99 in 2023; short-term debt: 8.2% and cash: 11.3% of total assets), and 8.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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 2024Solvency, return and age of the figures
Solvency
91.8%
Return on assets
14.3%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-10-2025, 70 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
not confirmed
2024
70 d late
2023
30 d late
2022
30 d late
2021
60 d late
2020
2 d early
2019
26 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€319k▲ 18.5%
2023 · €269k
2018: €109k
2019: €148k
2020: €179k
2021: €219k
2022: €251k
2023: €269k
2018 → 2024
Total assets
€348k▲ 3.7%
2023 · €335k
2018: €275k
2019: €288k
2020: €264k
2021: €279k
2022: €307k
2023: €335k
2018 → 2024
Net result
€50k▲ 0.6%
2023 · €49k
2018: €42k
2019: €39k
2020: €37k
2021: €40k
2022: €32k
2023: €49k
2018 → 2024
Working capital
€241k▲ 30.5%
2023 · €185k
2018: €109k
2019: €88k
2020: €106k
2021: €155k
2022: €196k
2023: €185k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€179k-€219k▲ 22.0%€251k▲ 14.7%€269k▲ 7.2%€319k▲ 18.5%
Operating result€60k-€55k▼ 7.4%€48k▼ 13.9%€70k▲ 46.8%€74k▲ 6.6%
Net result€37k-€40k▲ 7.9%€32k▼ 18.8%€49k▲ 54.0%€50k▲ 0.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 7% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €348k
Fixed assets
€78k▼ 25.3%
Current assets
€270k▲ 16.7%
Equity and liabilities €348k
Equity
€319k▲ 18.5%
Debt
€29k▼ 56.6%
The debt ratio falls from 19.7% to 8.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€101k▲
2023 · €90k
Cash flow
€76k▲
2023 · €69k
Solvency
91.8%▲
2023 · 80.3%
Current ratio
9.42▲
2023 · 4.99
Quick ratio
9.42▲
2023 · 4.99
Debt / equity
0.09▼
2023 · 0.25
ROE
15.6%▼
2023 · 18.4%
ROA
14.3%▼
2023 · 14.7%
Interest coverage
51.06▲
2023 · 34.99
Debt
€29k▼
2023 · €66k
Debt ≤ 1 year
€29k▼
2023 · €46k
Income taxes
€25k▲
2023 · €20k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€335k€348k▲
Fixed assets21/28€104k€78k▼
Tangible fixed assets22/27€104k€78k▼
Plant, machinery and equipment23€2k€896▼
Furniture and vehicles24€48k€37k▼
Other tangible fixed assets26€55k€40k▼
Current assets29/58€231k€270k▲
Amounts receivable after more than one year29€90k€71k▼
Other amounts receivable291€90k€71k▼
Amounts receivable within one year40/41€73k€128k▲
Trade receivables40€37k€49k▲
Other amounts receivable41€36k€79k▲
Current investments50/53€8k€31k▲
Cash at bank and in hand54/58€48k€39k▼
Deferred charges and accrued income490/1€12k-
Equity and liabilities
Total equity and liabilities10/49€335k€348k▲
Equity10/15€269k€319k▲
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€251k€300k▲
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Tax-exempt reserves132€15k€15k=
Distributable reserves133€234k€284k▲
Amounts payable17/49€66k€29k▼
Amounts payable after more than one year17€20k-
Financial debts170/4€20k-
Amounts payable within one year42/48€46k€29k▼
Current portion of amounts payable after more than one year42€14k€4k▼
Trade debts44€6k€4k▼
Suppliers440/4€6k€4k▼
Taxes, remuneration and social security45€26k€21k▼
Taxes450/3€26k€21k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€26k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€92k€103k▲
Operating profit (loss)9901€70k€74k▲
Financial income75/76B€2k€2k▼
Recurring financial income75€2k€2k▼
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€69k€74k▲
Income taxes67/77€20k€25k▲
Profit (loss) for the period9904€49k€50k▲
Profit (loss) for the period to be appropriated9905€49k€50k▲
Appropriation of the result
Profit (loss) to be appropriated9906€49k€50k▲
Transfer from equity791/2€31k-
Transfer to equity691/2€49k€50k▲
To other reserves6921€49k€50k▲
Profit to be distributed694/7€31k-
Return on contributions (dividend)694€31k-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
09-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 70 days late
2024
31-12
Financial
Highest result since 2018net €50k ▲0.6%
Operating result €74k, net result €50k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet €32k ▼18.8%
Net result drops to €32k, the lowest in the series; recovery starts the following year.
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 60 days late
2021
31-12
Financial
Equity above €200kEq €219k ▲22%
4 profitable years in a row build equity to €219k.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €150kEq €179k ▲21.4%
3 profitable years in a row build equity to €179k.
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 26 days late
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Bonheiden · 1 establishment unit since 2006
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.
Oude Booischotsebaan 852820 BonheidenGround area
3,353 m²
Building footprint
137 m²
Parcel 12031A0483/00M007, Flanders. Linked by address, not a title deed.
1 establishment unit
SAGARMATHA
since 20062.157.536.158
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12031A0483/00M007 | Flanders | 3,353 m² | 1 · 137 m² | - |
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.
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Of 82,554 companies in sector 70200 we hold annual accounts for 52,573. 37,750 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded06-07-2006
Fiscal year end31-12
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
Sources
Crossroads Bank for EnterprisesNational Bank · 18 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.