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
SAGAR from Antwerpen, company number BE0438725654, closed financial year 2024 with a result of € -513,452 after tax. For that financial year SAGAR recorded a gross margin of € -469,824 and equity of € 1.1 million. Compared with financial year 2023, the result moved from € -1,027 to € -513,452. 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 November 6, 2025.
€ 1.1 million
▼ 31% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -513,452
▼ 49916 % more loss than in 2023
Profit after tax over the fiscal year.
€ 31,711
▼ 45% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 1.1 million.
People and assets in 2024
1
Average over the fiscal year, from the social balance sheet.
€ 45,907
▲ 4% vs 2023
€ 45,900 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.
€ 1,121
▲ € 1,121 vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 70,013
▼ 11% vs 2023
€ 12,667 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 5.4 million
▲ 78% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 71,346
▲ 39% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 166,752 | € 111,007 | € 48,170 | € -469,824 | ▼ € 517,994 |
| Profit after taxes | € 182,493 | € 121,339 | € -1,027 | € -513,452 | ▼ € 512,425 |
| Equity | € 1,533,602 | € 1,654,942 | € 1,653,915 | € 1,140,463 | ▼ 31% |
| Total debts | € 3,472,117 | € 3,350,911 | € 3,174,991 | € 5,568,628 | ▲ 75% |
| Cash | € 31,563 | € 32,699 | € 57,159 | € 31,711 | ▼ 45% |
| Land & buildings | € 33,041 | € 27,467 | € 21,892 | € 16,318 | ▼ 25% |
| Retained profit | € 1,515,002 | € 1,636,342 | € 1,635,315 | € 1,121,863 | ▼ 31% |
| Bank debt | € 98,391 | € 89,790 | € 78,802 | € 70,013 | ▼ 11% |
| Balance sheet total | € 5,005,719 | € 5,005,852 | € 4,828,906 | € 6,709,091 | ▲ 39% |
| Employees (FTE) | - | 1 | 1 | 1 |
Key figures of SAGAR, 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 SAGAR?
What happened at SAGAR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 513,452. filed late Source: NBB ↗
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 182,493 profit in 2021 to € 513,452 loss in 2024.
Paid € 56,540 in corporate taxes since 2021.
Best year ever: 2021, with € 182,493 profit.
On average € 48,200 of value added per employee in 2023.
A new publication or filing at SAGAR? We notify you, reason included.
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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
Behind SAGAR is Abhay Sureshchandra Shah.
Directors
According to the 2024 annual accounts
Abhay Sureshchandra Shah
Director
Establishments
Establishment units
Physical locations of this company
Hoveniersstraat 30 box 206
2018 Antwerpen
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0438.725.654
- VAT number
- BE 0438.725.654
- Registered office
- Hoveniersstraat 30 bus 206, 2018 Antwerpen
- Names & denominations
- SAGAR
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 26 October 1989
- Peppol
- Active · Active since 2 Oct 2025
- Activities · NACE
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