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SAEY

Active
Public limited companyfounded 199234 yrs activeIndustrielaan(Heu) 4, 8501 Kortrijk, BelgiumKBO/BCE: BE 0448.146.433
Summary

SAEY has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €63.3m and a net result of €529,819. Equity is growing by ~4.9% per year across the filed fiscal years. Its solvency ranks better than 89% of 6032 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisWatch ReportCompare
SAEYActiveChecked score 94/100
Risk analysis ReportCompare

Overview

Activity
Wholesale trade
NACE 46841Wholesale of motor vehicle parts and accessories NACE 46720NACE 46741
#3 company by equity in Kortrijk, Wholesale and retail trade sector2 sites
Size
€106.5mturnover 2025
Staff
80.5 FTE
Equity
€63.3m
Profit
€529,819
Financial health
94 Excellent Checked score 2025
Bankruptcy chance 12 m
0.1%
Structure
Parent
Sattua · 99.99%
Board
7 members
Auditor: VGD BedrijfsrevisorenAccounts 35 d early
Why 94- Liquidity: current ratio 5.97, cash €1.2m+ Founded in 1992+ Equity €63.3m (84.2% of total assets)+ Legal form Public limited companyShow the evidence

Checked score

Score 2025
94 / 100
Excellent
Probability in this band: under 0.55%
Better than 54% of its sector peers (NACE 46, medium-sized)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 100=
equity 84.2% of total assets
Liquidity 48+1
short-term debt 15.7% · cash 1.5%
Profitability 44-27
return on assets 0.7%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (746 companies)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● 0.0% vs 11-2024 01-2025: 0.2%▲ +1.7% vs 12-2024 02-2025: 0.2%▼ -4.0% vs 01-2025 03-2025: 0.2%▲ +2.4% vs 02-2025 04-2025: 0.2%▲ +1.7% vs 03-2025 05-2025: 0.2%▲ +5.1% vs 04-2025 06-2025: 0.2%▲ +0.5% vs 05-2025 07-2025: 0.2%▲ +8.1% vs 06-2025highest value 08-2025: 0.1%▼ -64.5% vs 07-2025 09-2025: 0.1%● 0.0% vs 08-2025 10-2025: 0.1%● 0.0% vs 09-2025 11-2025: 0.1%▲ +1.4% vs 10-2025 12-2025: 0.1%● 0.0% vs 11-2025 01-2026: 0.1%▼ -4.2% vs 12-2025 02-2026: 0.1%▼ -4.3% vs 01-2026lowest value 03-2026: 0.1%▲ +1.5% vs 02-2026 04-2026: 0.1%▲ +3.0% vs 03-2026 05-2026: 0.1%▲ +5.8% vs 04-2026 06-2026: 0.1%▲ +2.7% vs 05-2026 07-2026: 0.1%▲ +42.7% vs 06-2026 08-2026: 0.1%● 0.0% vs 07-2026 09-2026: 0.1%● 0.0% vs 08-2026 10-2026: 0.1%● 0.0% vs 09-2026
  • Founded in 1992 lowers the probability for this profile
  • Liquidity: current ratio 5.97, cash €1.2m raises the probability
  • Equity €63.3m (84.2% of total assets) lowers the probability
  • Legal form Public limited company lowers the probability
Credit up to €5,900,000 at 30 days acceptable
Liquidity ample (current ratio 5.97 against 5.94 in 2024; short-term debt: 15.7% and cash: 1.5% of total assets), and 15.8% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, medium-sized). Better than this share of them on solvency 93%, liquidity 68%, profitability 27%, growth against the median 27%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Founded in 1992
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Liquidity: current ratio 5.97, cash €1.2m
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Equity €63.3m (84.2% of total assets)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Legal form Public limited company
In the bankruptcy model this factor lowers the probability.
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
35 d early
2024
21 d early
2023
50 d early
2022
77 d early
2021
67 d early
2020
82 d early
2019
86 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 60 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 12 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
06-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Resignation: Riemar Consultancy BV (director)Permanent representative: Rieno Destoop ·…
  3. Annual accounts filedfiscal year 2024 · full…

Key points

  • Caution: Result fell in 2025from €7.9m to €529,819 ▼ 93.3% View
  • Positive: Among the best 5% on equitysector median €1.6m · 5,971 companies €63.3m View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Controlled by Sattua 99.99% View
  • A director leftlatest change 26-01-2026 · 7 in office 1 left View

By topic

Financials

Fiscal year
2025
Turnover
€106.5m
Profit
€529,819
Solvency
84.2%
Turnover▼ 9.5%
Net result
20182025
Go to Financials

Board & ownership

Board
7 members
Parent
Sattua · 99.99%
Auditor
VGD Bedrijfsrevisoren
Go to Board & ownership

Timeline

Events
43
Since
2003
Next accounts
by 31-07-2027
  1. 26-06-2026Annual accounts filed
  2. 26-01-2026Resignation: Riemar Consultancy BV (director)
  3. 10-07-2025Annual accounts filed
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
Wholesale tradeNACE 46841
Founded
16-07-1992
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
1
Purpose
Alle verrichtingen die rechtstreeks of onrechtstreeks verband houden met de handel, in het…
Go to Articles of association

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies

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