Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 12 % of short-term debt in 2026; threshold 65 %.
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Busy address KBO
10 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2026
SAGICO from Zaventem, company number BE0874684830, closed financial year 2026 with a result of € 180,433 after tax. For that financial year SAGICO recorded a gross margin of € 112,203 and equity of € 1.7 million. Compared with financial year 2025, the result moved from € 93,028 to € 180,433. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 17, 2026.
€ 1.7 million
▲ 12% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 180,433
▲ 94% vs 2025
Profit after tax over the fiscal year.
€ 23,995
▼ 37% vs 2025
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2026. Retained profit grew to € 1.3 million.
Debts at end 2026
€ 10,034
▼ 88% vs 2025
Loans from banks and other lenders, long and short.
€ 6,307
▲ 8% vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 150
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 145,794 | € 89,157 | € 32,117 | € 112,203 | ▲ 249% |
| Profit after taxes | € 281,234 | € 183,845 | € 93,028 | € 180,433 | ▲ 94% |
| Equity | € 1,259,814 | € 1,443,659 | € 1,486,687 | € 1,667,121 | ▲ 12% |
| Total debts | € 658,692 | € 487,793 | € 457,651 | € 239,373 | ▼ 48% |
| Cash | € 36,647 | € 37,401 | € 37,851 | € 23,995 | ▼ 37% |
| Retained profit | € 871,614 | € 1,055,459 | € 1,098,487 | € 1,278,921 | ▲ 16% |
| Dividend | € 0 | € 0 | € 50,000 | € 0 | ▼ 100% |
| Bank debt | € 246,839 | € 166,182 | € 82,426 | € 10,034 | ▼ 88% |
| Balance sheet total | € 1,918,506 | € 1,931,453 | € 1,944,339 | € 1,906,494 | ▼ 2% |
Key figures of SAGICO, 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 SAGICO?
What happened at SAGICO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: profit of € 180,433 (▲ 94% vs 2025). Source: NBB ↗
- New establishment in Zaventem. KBO
- Start of the company according to the CBE. KBO
- Stephen Rifflart became a director. NBB
In short
From € 281,234 profit in 2023 to € 180,433 profit in 2026.
Paid € 86,173 in corporate taxes since 2023.
Best year ever: 2023, with € 281,234 profit.
Paid out € 50,000 in dividends to the owners in total.
Management
The stake of V & V HOLDING COMPANY comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SAGICOBehind SAGICO is Stephen Rifflart. The shares are held by V & V HOLDING COMPANY (15%). It owns 100% of TELSERVICE itself.
Directors
According to the 2026 annual accounts
Stephen Rifflart
Managing director
since 2005
Shareholders
Participations
100%
Establishments
Establishment units
Physical locations of this company
Lenneke Marelaan 6
1932 Zaventem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 10 companies are registered at this address.
All companies at this address →Vente-Achat-Coopération-Verkoop-Ankoop-Coöperatie
€ 73,206 gross margin · 2025
TELSERVICE (R & C) same network
€ 2.6 million gross margin · 2025
Tata Consultancy Services Belgium
€ 275.8 million revenue · 2026
TRANE FINANCE
VENN
€ 8.5 million revenue · 2025
+5 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0874.684.830
- VAT number
- BE 0874.684.830
- Registered office
- Lenneke Marelaan 6, 1932 Zaventem
- Names & denominations
- SAGICO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 June 2005
- Peppol
- Active · Active since 6 Oct 2025
- Activities · NACE
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