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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Negative equity NBB
More debt than assets in 3 of the last 3 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 46 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SGOL from Gent, company number BE0776585661, closed financial year 2025 with a result of € 49,043 after tax. For that financial year SGOL recorded a gross margin of € 785,540 and equity of € -183,674. Compared with financial year 2024, the result moved from € 185,716 to € 49,043. The company is profitable. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on November 16, 2025.
€ -183,674
▲ € 49,043 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 49,043
▼ 74% vs 2024
Profit after tax over the fiscal year.
€ 71,927
▲ 99% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -383,674.
People and assets in 2025
€ 662,441
▲ 10% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 24,773
▼ 29% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 295,564
▼ 6% vs 2024
Loans from banks and other lenders, long and short.
€ 87,335
▼ 7% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 193,969
▲ 15% vs 2024
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € 170,002 | € 863,833 | € 785,540 | ▼ 9% |
| Profit after taxes | € -618,433 | € 185,716 | € 49,043 | ▼ 74% |
| Equity | € -418,433 | € -232,717 | € -183,674 | ▲ € 49,043 |
| Total debts | € 759,960 | € 576,740 | € 576,868 | |
| Cash | € 1,943 | € 36,209 | € 71,927 | ▲ 99% |
| Land & buildings | € 211,675 | € 187,987 | € 164,299 | ▼ 13% |
| Retained profit | € -618,433 | € -432,717 | € -383,674 | ▲ € 49,043 |
| Bank debt | € 517,900 | € 314,704 | € 295,564 | ▼ 6% |
| Balance sheet total | € 341,528 | € 344,024 | € 393,194 | ▲ 14% |
Key figures of SGOL, fiscal years 2023 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 October 2026.
What happened to SGOL?
What happened at SGOL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 49,043 (▼ 74% vs 2024). filed late Source: NBB ↗
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 618,433 loss in 2023 to € 49,043 profit in 2025.
Best year ever: 2024, with € 185,716 profit.
Management
Behind SGOL are Bertrand FLAMANG and Hannes DEWIT. Hannes DEWIT is also behind RADAR - NEW HORIZONS.
Directors
According to the 2025 annual accounts
Bertrand FLAMANG
Director
Establishments
Establishment units
Physical locations of this company
Emile Braunplein 40
9000 Gent
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0776.585.661
- VAT number
- BE 0776.585.661
- Registered office
- Emile Braunplein 40, 9000 Gent
- Names & denominations
- SGOL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 October 2021
- Peppol
- Active · Active since 5 Nov 2025
- Contact
- 092321311
- Activities · NACE
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