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 2024 and 2025.
Financials
Financial year 2025
Sages from Liège, company number BE0447327178, closed financial year 2025 with a result of € -186,166 after tax. For that financial year Sages recorded a gross margin of € -31,060 and equity of € 569,914. Compared with financial year 2024, the result moved from € -86,731 to € -186,166. 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 September 15, 2026.
€ 569,914
▼ 25% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -186,166
▼ 115 % more loss than in 2024
Profit after tax over the fiscal year.
€ 66,276
▲ € 65,565 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 450,118.
People and assets in 2025
€ 815
▼ 38% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 18,832
▲ 92% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,178
▼ 28% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -52,517 | € -44,987 | € -31,638 | € -31,060 | ▲ € 578 |
| Profit after taxes | € -86,974 | € -104,422 | € -86,731 | € -186,166 | ▼ € 99,434 |
| Equity | € 947,233 | € 842,811 | € 756,079 | € 569,914 | ▼ 25% |
| Total debts | € 13,375 | € 422,941 | € 882,931 | € 1,266,781 | ▲ 43% |
| Cash | € 267,626 | € 105,347 | € 711 | € 66,276 | ▲ € 65,565 |
| Land & buildings | € 721,341 | € 1,198,424 | € 1,585,608 | € 1,039,032 | ▼ 34% |
| Retained profit | € 827,437 | € 723,015 | € 636,283 | € 450,118 | ▼ 29% |
| Balance sheet total | € 1,096,762 | € 1,398,782 | € 1,765,606 | € 1,956,932 | ▲ 11% |
Key figures of Sages, 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 Sages?
What happened at Sages in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Antoine SAFIN stepped down as director. NBB
- Frédéric SAFIN stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 186,166. filed late Source: NBB ↗
- Frédéric SAFIN became a director. NBB
- Antoine SAFIN became a director. NBB
- New establishment in Liège. KBO
- Start of the company according to the CBE. KBO
In short
From € 86,974 loss in 2022 to € 186,166 loss in 2025.
Paid € 507 in corporate taxes since 2022.
A new publication or filing at Sages? 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
It owns 53.5% of PULP REEL ESTHETE, 40.2% of SOC CHARBONNAGE GRAND BACNURE and 25% of PULP BRASSERIE itself.
Directors
According to the 2025 annual accounts
since 2008 · until 2028
since 2022 · until 2028
Establishments
Establishment units
Physical locations of this company
Rue de la Cathédrale 45/3
4000 Liège
Avenue de l'Observatoire 90
4000 Liège
Active since 7 July 1992
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0447.327.178
- VAT number
- BE 0447.327.178
- Registered office
- Rue de la Cathédrale 45/3, 4000 Liège
- Names & denominations
- Sages
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 17 April 1992
- Peppol
- Active · Active since 1 Sept 2025
- Activities · NACE
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