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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Tight liquidity NBB
Cash and receivables cover 39 % of short-term debt in 2026; threshold 65 %.
Financials
Financial year 2026
SAPSAN ENTREPRISE from Wavre, company number BE0462515202, closed financial year 2026 with a result of € -204,778 after tax. For that financial year SAPSAN ENTREPRISE recorded a gross margin of € 742,933 and equity of € 775,432. Compared with financial year 2025, the result moved from € 206,094 to € -204,778. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 29, 2026.
€ 775,432
▼ 21% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -204,778
▼ still € 206,094 profit in 2025
Profit after tax over the fiscal year.
€ 1,031
▼ 99% vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 769,235.
People and assets in 2026
€ 466
Book value of vehicles, furniture and equipment.
Debts at end 2026
€ 7.7 million
▲ 150% vs 2025
€ 493,920 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 615,020
▲ € 595,077 vs 2025
Supplier invoices still open on the last day of the fiscal year.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 669,675 | € 735,099 | € 698,169 | € 742,933 | ▲ 6% |
| Profit after taxes | € 180,118 | € 245,536 | € 206,094 | € -204,778 | ▼ € 410,872 |
| Equity | € 1,063,495 | € 1,024,117 | € 980,211 | € 775,432 | ▼ 21% |
| Total debts | € 3,860,905 | € 3,733,430 | € 3,609,483 | € 8,490,663 | ▲ 135% |
| Cash | € 115,102 | € 2,921 | € 108,049 | € 1,031 | ▼ 99% |
| Retained profit | € 1,057,297 | € 1,017,919 | € 974,013 | € 769,235 | ▼ 21% |
| Dividend | € 220,000 | € 310,000 | € 250,000 | € 0 | ▼ 100% |
| Bank debt | € 3,253,871 | € 3,072,939 | € 3,085,481 | € 7,706,727 | ▲ 150% |
| Balance sheet total | € 5,508,373 | € 5,316,434 | € 5,123,494 | € 9,774,809 | ▲ 91% |
Key figures of SAPSAN ENTREPRISE, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
What happened to SAPSAN ENTREPRISE?
What happened at SAPSAN ENTREPRISE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: loss of € 204,778 (▼ € 410,872 vs 2025). Source: NBB ↗
- SAPSAN CAPITAL SARL became a director. NBB
- New establishment in Wavre. KBO
- Start of the company according to the CBE. KBO
In short
From € 180,118 profit in 2023 to € 204,778 loss in 2026.
Paid € 277,790 in corporate taxes since 2023.
Best year ever: 2024, with € 245,536 profit.
Paid out € 780,000 in dividends to the owners in total.
Management
Behind SAPSAN ENTREPRISE is SAPSAN CAPITAL SARL.
Directors
According to the 2026 annual accounts
SAPSAN CAPITAL SARL
Manager · represented by CLAUDE RIGO GAVRILOFF
since 2019
Establishments
Establishment units
Physical locations of this company
Rue du Bois de Beumont 5
1301 Wavre
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0462.515.202
- VAT number
- BE 0462.515.202
- Registered office
- Rue du Bois de Beumont 5, 1301 Wavre
- Names & denominations
- SAPSAN ENTREPRISE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 26 January 1998
- Peppol
- Active · Active since 5 Jan 2026
- Activities · NACE
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