Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2023 and 2024.
Financials
Financial year 2024
SG RACING from Verviers, company number BE0428042291, closed financial year 2024 with a result of € -45,025 after tax. For that financial year SG RACING recorded a gross margin of € 120,232 and equity of € 161,468. Compared with financial year 2023, the result moved from € -33,513 to € -45,025. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 18, 2025.
€ 161,468
▼ 22% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -45,025
▼ 34 % more loss than in 2023
Profit after tax over the fiscal year.
€ 74,670
▲ 12% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 130,481.
People and assets in 2024
€ 137,317
▼ 10% vs 2023
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2024
€ 23,399
▼ 31% vs 2023
€ 8,711 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 94,323
▲ 80% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 7,413
▼ 79% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 405,968 | € 195,167 | € 145,135 | € 120,232 | ▼ 17% |
| Profit after taxes | € 88,127 | € 19,494 | € -33,513 | € -45,025 | ▼ € 11,512 |
| Equity | € 220,512 | € 240,006 | € 206,493 | € 161,468 | ▼ 22% |
| Total debts | € 179,252 | € 121,341 | € 189,137 | € 250,353 | ▲ 32% |
| Cash | € 125,166 | € 90,767 | € 66,841 | € 74,670 | ▲ 12% |
| Land & buildings | € 19,309 | € 23,276 | € 22,127 | € 20,978 | ▼ 5% |
| Retained profit | € 189,525 | € 209,019 | € 175,506 | € 130,481 | ▼ 26% |
| Bank debt | € 42,263 | € 19,162 | € 34,152 | € 23,399 | ▼ 31% |
| Balance sheet total | € 399,764 | € 361,347 | € 395,630 | € 411,821 | ▲ 4% |
Key figures of SG RACING, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to SG RACING?
What happened at SG RACING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 45,025. Source: NBB ↗
- New establishment in Verviers. KBO
- Start of the company according to the CBE. KBO
In short
From € 88,127 profit in 2021 to € 45,025 loss in 2024.
Paid € 9,621 in corporate taxes since 2021.
Best year ever: 2021, with € 88,127 profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2024 annual accounts
Giovanni SIRIANNI
Director
Establishments
Establishment units
Physical locations of this company
Rue Fernand Houget 23
4800 Verviers
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0428.042.291
- VAT number
- BE 0428.042.291
- Registered office
- Rue Fernand Houget 23, 4800 Verviers
- Names & denominations
- SG RACING
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 November 1985
- Peppol
- Active · Active since 9 Jan 2026
- Activities · NACE
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