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 11 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SARO from Izegem, company number BE0468901463, closed financial year 2025 with a result of € 44,713 after tax. For that financial year SARO recorded a gross margin of € 93,549 and equity of € 432,330. Compared with financial year 2024, the result moved from € 54,123 to € 44,713. The company is profitable. 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 April 21, 2026.
€ 432,330
▼ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 44,713
▼ 17% vs 2024
Profit after tax over the fiscal year.
€ 1,899
▲ 219% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 99,681 paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
€ 1,781
▼ 81% 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.
€ 212
▼ 69% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 13,688
▲ 2% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 191,245 | € 125,003 | € 118,820 | € 93,549 | ▼ 21% |
| Profit after taxes | € 101,964 | € 54,581 | € 54,123 | € 44,713 | ▼ 17% |
| Equity | € 378,594 | € 433,175 | € 487,299 | € 432,330 | ▼ 11% |
| Total debts | € 611,163 | € 538,130 | € 490,061 | € 554,878 | ▲ 13% |
| Cash | € 67 | € 517 | € 595 | € 1,899 | ▲ 219% |
| Retained profit | € 278,594 | € 333,175 | € 387,299 | € 332,330 | ▼ 14% |
| Dividend | € 268,517 | € 0 | € 0 | € 99,681 | |
| Balance sheet total | € 989,757 | € 971,305 | € 977,360 | € 987,208 | ▲ 1% |
Key figures of SARO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to SARO?
What happened at SARO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 44,713 (▼ 17% vs 2024). Source: NBB ↗
- New establishment in Izegem. KBO
- Start of the company according to the CBE. KBO
In short
From € 101,964 profit in 2022 to € 44,713 profit in 2025.
Paid € 115,283 in corporate taxes since 2022.
Best year ever: 2022, with € 101,964 profit.
Paid out € 368,199 in dividends to the owners in total.
Management
Behind SARO are Johan Gabriel Feraine and Carl Feraine. It owns 99.6% of Joca nv and 99.2% of Feraine itself.
Directors
According to the 2025 annual accounts
Johan Gabriel Feraine
Director
Carl Feraine
Director
Establishments
Establishment units
Physical locations of this company
Krekelmotestraat 47
8870 Izegem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0468.901.463
- VAT number
- BE 0468.901.463
- Registered office
- Krekelmotestraat 47, 8870 Izegem
- Names & denominations
- SARO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 December 1999
- Peppol
- Active · Active since 13 Jun 2025
- Activities · NACE
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