SG PARTNERS
The computed 12-month bankruptcy probability of SG PARTNERS is 1.5% (moderate). The 2025 annual accounts show equity of €48k and a net result of €-485. Equity is growing by ~5.9% per year across the filed fiscal years. Its solvency ranks better than 54% of 875 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €48k |
| Net result | €-485 |
| Better than sector | 54% |
| Active | 8 yrs |
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →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).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 40.2% | 35.1% | |
| Net result | €-485 | €10k | |
| Equity | €48k | €40k | |
| Gross operating margin | €9k | €32k | |
| Total assets | €119k | €131k |
Show 9 other metrics
| Fiscal year | 2025 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €-2k |
| Net profit | €-485 |
| Cash flow | €-485 |
| Staff costs | - |
| Income taxes | €-235 |
| Dividends | - |
| Total assets | €119k |
| Equity | €48k |
| Debt | €71k |
| of which ≤ 1y | €3k |
| of which > 1y | €68k |
| Working capital | €116k |
| Employees (FTE) | - |
| 2025 | |
|---|---|
| Current ratio | 44.88 |
| Quick ratio | 44.88 |
| Working capital ratio | 97.8% |
| Solvency | 40.2% |
| Debt / equity | 1.49 |
| Long-term debt ratio | 1.41 |
| Interest coverage | -1.68 |
| Gross margin | - |
| Net margin | - |
| ROA | -0.4% |
| ROE | -1.0% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (21 line items)
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €119k |
| Current assets | 29/58 | €119k |
| Amounts receivable within one year | 40/41 | €36k |
| Cash & bank | 54/58 | €23k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €119k |
| Equity | 10/15 | €48k |
| Contributions / capital | 10/11 | €6k |
| Reserves | 13 | €71k |
| Accumulated profits (losses) | 14 | €-30k |
| Amounts payable | 17/49 | €71k |
| Amounts payable after one year | 17 | €68k |
| Amounts payable within one year | 42/48 | €3k |
| Trade debts payable within one year | 44 | €3k |
| Income statement | ||
| Gross operating margin | 9900 | €9k |
| Operating result | 9901 | €-2k |
| Financial income | 75 | €3k |
| Financial charges | 65 | €1k |
| Result before taxes | 9903 | €-721 |
| Income taxes | 67/77 | €-235 |
| Net result for the period | 9904 | €-485 |
| Result to be appropriated | 9905 | €-485 |
-
Current01-08-2025 → present
Former directors (2)
-
Former29-12-2024 → 01-08-2025
3 events
- 01-08-2025 Resigned· Director
- 29-12-2024 Appointed· Director
- 19-08-2024 Resigned· Director
-
Former29-12-2024 → 01-08-2025
2 events
- 01-08-2025 Resigned· Director
- 29-12-2024 Appointed· Director
| NACE primary | Handelsbemiddeling in de groothandel in meubelen, huishoudelijke artikelen en ijzerwaren(46150) |
| Legal form | Private limited company(610) |
| Incorporation | 16-07-2018 |
| Status | Active |
| Postal code | 1180 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21016B0012/00X000 | Brussels | 132 m² | 1 · 115 m² | 15.0 m · 3 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
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.
23-10-2025 1 director appointed, 2 resigning
- Rachid ZELLAT, Bestuurder
- Abdelkarim ZELLAT, Bestuurder
- Zoé Dave, Bestuurder
Technical details
{
"events": [
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"name": "Abdelkarim ZELLAT",
"address": null,
"birth_date": null
},
"effective_date": "2025-08-01",
"evidence_quote": "A l\u0027unanimit\u00E9 et apr\u00E8s \u00E9changes de vues, l\u0027assembl\u00E9e g\u00E9n\u00E9rale extraordinaire acte la d\u00E9mission de Monsieur Abdelkarim ZELLAT (NN: 65.04.07-355.52) de son poste d\u0027administrateur \u00E0 partir du 01/08/2025 et lui donne d\u00E9charge pour son mandat concernant la p\u00E9riode du 01/01/2025 au 01/08/2025.",
"discharge_granted": true
},
{
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"effective_date": "2025-08-01",
"evidence_quote": "A l\u0027unanimit\u00E9 et apr\u00E8s \u00E9changes de vues, l\u0027assembl\u00E9e g\u00E9n\u00E9rale extraordinaire acte la d\u00E9mission de Madame Zo\u00E9 Dave (NN: 83.07.17-188.27) de son poste d\u0027administrateur \u00E0 partir du 01/08/2025 et lui donne d\u00E9charge pour son mandat concernant la p\u00E9riode du 01/01/2025 au 01/08/2025",
"discharge_granted": true
},
{
"kind": "director_in",
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"name": "Rachid ZELLAT",
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"effective_date": "2025-08-01",
"evidence_quote": "A l\u0027unanimit\u00E9 et apr\u00E8s \u00E9changes de vues, l\u0027assembl\u00E9e g\u00E9n\u00E9rale extraordinaire accepte la nomination de Monsieur Rachid ZELLAT(NN 59.07.27-357.24) domicili\u00E9 rue des Combattants 42 \u00E0 1082 Berchem-Sainte-AGATHE aux fonctions d\u0027administrateur et cela \u00E0 partir du 1er ao\u00FBt 2025."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0699.968.232",
"name_full": "SG PARTNERS",
"legal_form": "SRL"
}
}03-06-2025 2 directors appointed
- Abdelkarim Zellat, Bestuurder
- Zoé Dave, Bestuurder
Technical details
{
"events": [
{
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"role": "bestuurder",
"person": {
"rrn": null,
"name": "Abdelkarim Zellat",
"address": null,
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},
"effective_date": "2024-12-29",
"evidence_quote": "A l\u0027unanimit\u00E9 et apr\u00E8s \u00E9changes de vues, l\u0027assembl\u00E9e g\u00E9n\u00E9rale accepte la nomination de Monsieur Abdelkarim Zellat (NN 65 04 07 355 52) domicili\u00E9 Rue des H\u00EAtres, 123 \u00E0 1630 Linkebeek aux fonctions d\u0027administrateur et cela \u00E0 partir du 29 d\u00E9cembre 2024."
},
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Zo\u00E9 Dave",
"address": null,
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},
"effective_date": "2024-12-29",
"evidence_quote": "A l\u0027unanimit\u00E9 et apr\u00E8s \u00E9changes de vues, l\u0027assembl\u00E9e g\u00E9n\u00E9rale accepte la nomination de Madame Zo\u00E9 Dave (NN 83.07.17-188.27), domicili\u00E9e Rue des H\u00EAtres, 123 \u00E0 1630 Linkebeek aux fonctions d\u0027administrateur et cela \u00E0 partir du 29 d\u00E9cembre 2024."
}
],
"schema": "v3.2",
"act_meta": {
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"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0699.968.232",
"name_full": "SG PARTNERS",
"legal_form": "SRL"
}
}19-08-2024 Articles of association amended
Technical details
{
"schema": "v3.2",
"act_meta": {
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},
"statute_change": {
"name_change": false,
"seat_change": false,
"object_change": false,
"effective_date": "2024-08-19",
"legal_form_change": false
},
"bedrijfsrevisor": null,
"subject_company": {
"kbo": "0699.968.232",
"name_full": "SG PARTNERS",
"legal_form": "SPRL"
},
"signature_regime": null,
"special_mandates": [],
"governance_change": {
"admin_delegated_added": []
}
}18-07-2018 Incorporation of a new SRL
Technical details
{
"kind": "oprichting",
"seat": "Chauss\u00E9e d\u0027Alsemberg 688, 1180 Uccle",
"schema": "v3.2",
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"founders": [
{
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"kind": "natural_person",
"person": {
"dob": null,
"name": "Monsieur ZELLAT Abdelkarim",
"niss": null,
"address": "Linkebeek, Rue des H\u00EAtres 123"
},
"share_class": "Ordinary",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 5580,
"holder_person_name": "Monsieur ZELLAT Abdelkarim",
"is_subscriber_only": false,
"n_shares_subscribed": 90,
"amount_subscribed_eur": 16740,
"is_anonymous_silent_partner": false
},
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"name": "Madame DAVE Zo\u00E9 Era Isis",
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},
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"contribution_type": "cash",
"amount_paid_in_eur": 620,
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"n_shares_subscribed": 10,
"amount_subscribed_eur": 1860,
"is_anonymous_silent_partner": false
}
],
"capital_eur": 18600,
"subject_company": {
"kbo": "0699.968.232",
"name_full": "SG PARTNERS",
"legal_form": "SRL"
},
"initial_directors": [],
"incorporation_date": "2018-07-13",
"post_incorporation_mandates": []
}| Legal nameFR | SG PARTNERS |