Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 22 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SGAF Beheer from Brussel, company number BE0413057771, closed financial year 2025 with a result of € -193,500 after tax. For that financial year SGAF Beheer recorded a gross margin of € 551,973 and equity of € 2.1 million. Compared with financial year 2024, the result moved from € -83,731 to € -193,500. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 30, 2026.
€ 2.1 million
▼ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -193,500
▼ 131 % more loss than in 2024
Profit after tax over the fiscal year.
€ 60,289
▼ 37% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 1.8 million.
People and assets in 2025
1.9
▲ 0.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 125,522
▲ 70% vs 2024
€ 66,100 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 28,980
▼ 12% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 4.5 million
▲ 114% vs 2024
€ 482,294 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 24,064
▼ 98% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 15,233
▲ 121% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 424,386 | € 419,177 | € 372,845 | € 551,973 | ▲ 48% |
| Profit after taxes | € 140,041 | € 96,476 | € -83,731 | € -193,500 | ▼ € 109,769 |
| Equity | € 2,253,709 | € 2,350,185 | € 2,293,452 | € 2,099,951 | ▼ 8% |
| Total debts | € 2,646,218 | € 2,489,892 | € 4,018,844 | € 8,087,794 | ▲ 101% |
| Cash | € 1,385,710 | € 319,227 | € 96,414 | € 60,289 | ▼ 37% |
| Land & buildings | € 3,435,182 | € 4,340,997 | € 6,643,705 | € 10,758,472 | ▲ 62% |
| Retained profit | € 2,024,042 | € 2,120,518 | € 2,036,787 | € 1,843,286 | ▼ 10% |
| Dividend | € 120,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 2,426,806 | € 2,420,111 | € 2,108,766 | € 4,509,027 | ▲ 114% |
| Balance sheet total | € 5,776,177 | € 5,694,911 | € 7,137,502 | € 10,968,000 | ▲ 54% |
| Employees (FTE) | - | - | 1.3 | 1.9 | ▲ 0.6 |
Key figures of SGAF Beheer, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to SGAF Beheer?
What happened at SGAF Beheer in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 193,501. Source: NBB ↗
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 140,041 profit in 2022 to € 193,501 loss in 2025.
Paid € 113,110 in corporate taxes since 2022.
Best year ever: 2022, with € 140,041 profit.
On average € 290,500 of value added per employee in 2025.
Management
The stake of VPdC Invest, dC2035 comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SGAF BeheerBehind SGAF Beheer are SHENNA VAN PARIJS BV, Annick de Condé, VPDC INVEST BV, GVP RACON BV and MIERMANS BV. The shares are held by VPdC Invest (100%) and dC2035 (100%).
Directors
According to the 2025 annual accounts
Director · represented by Shenna Van Parijs
Director · represented by Frank Van Parijs
Also active at: AIMPLUS, EBTS PRO ASSIST, dC2035
Director · represented by Glenn Van Parijs
Shareholders
100%
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Zandstraat 23 box 3
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →MJD Consulting
€ 182,434 gross margin · 2025
VPdC Invest same network
€ 406,034 revenue · 2025
CSV CONSULT
€ 46,258 gross margin · 2025
GVP RACON same network
€ 14,201 gross margin · 2025
VPdC same network
€ 18,638 gross margin · 2025
+2 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0413.057.771
- VAT number
- BE 0413.057.771
- Registered office
- Zandstraat 23 bus 3, 1000 Brussel
- Names & denominations
- SGAF Beheer
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 15 March 1973
- Peppol
- Active · Active since 2 May 2025
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Beheer van residentiële gebouwen
Activiteiten van holdings
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Diverse ondersteunende activiteiten ten behoeve van voorzieningen
Beheer van overig onroerend goed
Holdings