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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Shrinking team NBB
FTE fell two years in a row, from 7.8 to 4.
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Busy address KBO
100 other companies have their registered office at the same address; threshold 10.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
SAGEVAS from Elsene, company number BE0832457166, closed financial year 2025 with a result of € -1.2 million after tax. For that financial year SAGEVAS recorded revenue of € 22.2 million and equity of € 18.2 million. Compared with financial year 2024, the result moved from € 1.4 million to € -1.2 million. The company made a loss. 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 July 20, 2026.
€ 18.2 million
▼ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.2 million
▼ still € 1.4 million profit in 2024
Profit after tax over the fiscal year.
€ 2.3 million
▼ 48% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 8.5 million.
People and assets in 2025
4
▼ 0.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 258,018
▼ 49% vs 2024
€ 64,500 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.
€ 1,551
▼ 4% 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.
€ 1.6 million
▲ 4% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 30 days on average.
€ 889,442
▲ 2% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 40,608,568 | € 36,099,797 | € 32,553,677 | € 22,220,010 | ▼ 32% |
| Profit after taxes | € 4,652,598 | € 2,104,667 | € 1,432,456 | € -1,177,231 | ▼ € 2.6 million |
| Equity | € 19,703,824 | € 17,983,421 | € 19,415,878 | € 18,238,646 | ▼ 6% |
| Total debts | € 21,979,577 | € 14,982,571 | € 13,944,174 | € 5,654,561 | ▼ 59% |
| Cash | € 4,591,139 | € 4,186,335 | € 4,536,512 | € 2,338,561 | ▼ 48% |
| Retained profit | € 6,105,084 | € 8,209,751 | € 9,642,208 | € 8,464,977 | ▼ 12% |
| Balance sheet total | € 41,743,401 | € 33,025,992 | € 33,400,051 | € 23,933,207 | ▼ 28% |
| Employees (FTE) | 9.8 | 7.8 | 4.5 | 4 | ▼ 0.5 |
Key figures of SAGEVAS, 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 SAGEVAS?
What happened at SAGEVAS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- OPEN2MARKET stepped down as director. NBB
- New establishment in Grâce-Hollogne. KBO
- New establishment in Grâce-Hollogne. KBO
- New annual accounts for financial year 2025: loss of € 1.2 million (▼ € 2.6 million vs 2024). Source: NBB ↗
- Alexis Murphy stepped down as director. NBB
- OPEN2MARKET became a director. NBB
- Finadel SRL stepped down as director. NBB
- New establishment in Ohey. KBO
In short
From € 4.7 million profit in 2022 to € 1.2 million loss in 2025.
Paid € 4.5 million in corporate taxes since 2022.
Best year ever: 2022, with € 4.7 million profit.
Pays suppliers within 30 days on average.
A new publication or filing at SAGEVAS? 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 100% of B&M and 100% of Premier Betting Service Ltd itself.
Directors
According to the 2025 annual accounts
since 2017 · until 2025
since 2025 · until 2031
since 2023 · until 2025
Establishments
Establishment units
Physical locations of this company
Louizalaan 209A
1050 Elsene
Rue Gustave Boël(L.L) 83
7100 La Louvière
Active since 1 February 2013
Rue de Plainevaux 101
4100 Seraing
Active since 1 June 2013
Bergensesteenweg 309
1600 Sint-Pieters-Leeuw
Active since 28 April 2014
Chaussée de Lille(HER) 808
7522 Tournai
Active since 9 July 2014
Rue des Combattants de Kain(K) 30
7540 Tournai
Active since 9 July 2014
Rue Octave Battaille (Bas) 19
7971 Beloeil
Active since 9 July 2014
Chaussée de Mons 293
7800 Ath
Active since 9 July 2014
Leeuw Van Vlaanderenlaan 15
9950 Lievegem
Active since 7 May 2014
Maria-Christinastraat 111
1020 Brussel
Active since 17 July 2014
Rue du Peignage 2 box A
4800 Verviers
Active since 10 November 2014
Rue Paul Janson 164
4460 Grâce-Hollogne
Active since 3 March 2015
Olympische dreef 15
1070 Anderlecht
Active since 1 November 2015
Rue du Val Saint-Lambert 231
4100 Seraing
Active since 1 February 2016
Rue Walthère Jamar 112
4430 Ans
Active since 15 June 2016
Rue Sainte-Marguerite 128
4000 Liège
Active since 1 April 2017
Gustave Latinislaan 71
1030 Schaarbeek
Active since 1 March 2017
Visé Voie 206 box 2
4041 Herstal
Active since 17 July 2017
Rue des Viaducs(N) 283
7020 Mons
Active since 1 June 2017
Roeselaarseweg 75 box A
8820 Torhout
Active since 30 November 2017
Bld Emile-de-Laveleye 167
4020 Liège
Active since 21 November 2017
Chaussée de Tongres 440 box 2
4000 Liège
Active since 1 January 2022
Rue Ernest-Solvay 190 box 1
4000 Liège
Active since 20 October 2022
Zandvoordestraat 40
8400 Oostende
Active since 18 November 2022
Dorp(DE) 49
9450 Haaltert
Active since 1 September 2023
Rue du Caudia 26 box A
7170 Manage
Active since 26 October 2023
Rue Emile Muraille 130
4040 Herstal
Active since 1 January 2024
Rue de Ciney 121
5350 Ohey
Active since 25 November 2024
Rue Paul Janson 179 box A
4460 Grâce-Hollogne
Active since 1 August 2026
Chaussée de Liège 424
4460 Grâce-Hollogne
Active since 1 August 2026
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 100 companies are registered at this address.
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+95 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Google Workspace
Hosting
CLOUDFLARENET - Cloudflare, Inc., US
DNS
Cloudflare DNS
Domain
Domain
betfirst.be
Registered
2011-11-03
Website info
Features
Security
Network
Details
- Company number
- 0832.457.166
- VAT number
- BE 0832.457.166
- Registered office
- Louizalaan 209A, 1050 Elsene
- Names & denominations
- SAGEVAS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 5 January 2011
- Peppol
- Not registered
- Contact
- betfirst.be
- Activities · NACE
Activiteiten van loterijen en kansspelen