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 1 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 45 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
S.A.D. from Messancy, company number BE0866685793, closed financial year 2024 with a result of € -138,864 after tax. For that financial year S.A.D. recorded a gross margin of € 51,901 and equity of € -120,423. Compared with financial year 2023, the result moved from € -121,091 to € -138,864. The company made a loss. 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 December 18, 2025.
€ -120,423
▼ € 138,864 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -138,864
▼ 15 % more loss than in 2023
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -139,323.
People and assets in 2024
€ 148,260
▼ 13% vs 2023
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2024
€ 77,589
▼ 68% vs 2023
Loans from banks and other lenders, long and short.
€ 273,412
▲ 148% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 75,584
▲ 119% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 870,472 | - | - | - | |
| Gross margin | € 143,646 | € 267,959 | € 87,615 | € 51,901 | ▼ 41% |
| Profit after taxes | € -92,850 | € -62,624 | € -121,091 | € -138,864 | ▼ € 17,773 |
| Equity | € 202,156 | € 139,532 | € 18,441 | € -120,423 | ▼ € 138,864 |
| Total debts | € 802,863 | € 685,035 | € 600,510 | € 725,805 | ▲ 21% |
| Cash | € 17,632 | € 21,497 | € 29,926 | - | |
| Land & buildings | € 154,114 | € 141,675 | € 129,237 | € 116,799 | ▼ 10% |
| Retained profit | € 183,256 | € 120,632 | € -459 | € -139,323 | ▼ € 138,864 |
| Bank debt | € 336,953 | € 291,391 | € 242,224 | € 77,589 | ▼ 68% |
| Balance sheet total | € 1,005,020 | € 824,567 | € 618,951 | € 605,382 | ▼ 2% |
| Employees (FTE) | 4.1 | 3.5 | - | - |
Key figures of S.A.D., fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to S.A.D.?
What happened at S.A.D. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 138,864. filed late Source: NBB ↗
- New establishment in Messancy. KBO
- Start of the company according to the CBE. KBO
In short
From € 92,850 loss in 2021 to € 138,864 loss in 2024.
Paid € 1,585 in corporate taxes since 2021.
On average € 76,600 of value added per employee in 2022.
Establishments
Establishment units
Physical locations of this company
Rue des Ardennes,Wolkrange 8
6780 Messancy
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0866.685.793
- VAT number
- BE 0866.685.793
- Registered office
- Rue des Ardennes,Wolkrange 8, 6780 Messancy
- Names & denominations
- S.A.D.
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 6 August 2004
- Peppol
- Active · Active since 11 Mar 2026
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