ACTIVE

SG RACING

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Financial year 2024 · closed on 31/12/2024

Net result

-45 k €

-34.4% YoY

Gross margin

120,2 k €

-17.2% YoY

Equity

161,5 k €

-21.8% YoY

What does SG RACING do?

SG RACING is a Private limited company incorporated in 1985. Its main activity is: Maintenance and repair of motor vehicles. Its registered office is in Verviers.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0428.042.291

Incorporation

21/11/1985

Legal form

Private limited company

Registered office

Rue Fernand Houget 23
4800 Verviers · WallonieSee on map

Contributed capital

30 986,69 €

Latest accounts

31/12/2024

Activities (NACE)

45201Maintenance and repair of motor vehicles· main 95311Repair of computers and personal and household goods 45113Sale of cars and light motor vehicles 45320Retail trade of motor vehicle parts and accessories 47811Retail sale via stalls and markets of food, beverages and tobacco products 47820Retail sale via stalls and markets of textiles, clothing and footwear

Joint committees (3)

Signals

Solid equityGood liquidityHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	120,2 k €	-17.2%	145,1 k €	-25.6%	195,2 k €	-51.9%	406 k €	+697%	50,9 k €	-76.4%	215,5 k €	+1.5%	212,2 k €	-26.7%	289,7 k €	+8.6%	266,6 k €	+22.5%	217,7 k €	-21.1%	276,1 k €	+7.0%	258,1 k €	+22437%	-1,2 k €	-2.0%	-1,1 k €		–		–		–		-1,8 k €		–
EBITDA	-22,7 k €	-98.8%	-11,4 k €	-124%	48 k €	-59.4%	118,3 k €	+289%	-62,4 k €	-237%	45,5 k €	+72.3%	26,4 k €	-79.1%	126,3 k €	+7.6%	117,3 k €	+35.8%	86,4 k €	-21.8%	110,6 k €	+139%	46,3 k €	+2128%	-2,3 k €	+30.3%	-3,3 k €		–		–		–		-1,8 k €		–
Operating result	-41,9 k €	-37.0%	-30,5 k €	-201%	30,1 k €	-70.5%	102,2 k €	+231%	-78,2 k €	-562%	16,9 k €	+218%	-14,3 k €	-118%	81 k €	+1.8%	79,6 k €	+26.5%	62,9 k €	-34.9%	96,7 k €	+154%	38,1 k €	+1767%	-2,3 k €	+30.3%	-3,3 k €		–		–		–		-1,8 k €		–
Net result	-45 k €	-34.4%	-33,5 k €	-272%	19,5 k €	-77.9%	88,1 k €	+204%	-84,7 k €	-6723%	1,3 k €	+105%	-28,4 k €	-169%	40,9 k €	-23.4%	53,5 k €	+30.1%	41,1 k €	-49.4%	81,3 k €	+202%	26,9 k €	+1278%	-2,3 k €	+31.7%	-3,3 k €	-37448%	-8,9 €	+61.5%	-23,1 €	-63.9%	-14,1 €	+99.2%	-1,8 k €	-52221%	3,5 €
Balance sheet
Equity	161,5 k €	-21.8%	206,5 k €	-14.0%	240 k €	+8.8%	220,5 k €	+66.6%	132,4 k €	-39.0%	217,1 k €	+0.6%	215,8 k €	-4.7%	226,5 k €	+22.1%	185,5 k €	+40.5%	132,1 k €	+45.2%	91 k €	+842%	9,7 k €	+156%	-17,3 k €	-15.2%	-15 k €	-28.7%	-11,6 k €	-0.1%	-11,6 k €	-0.2%	-11,6 k €	-0.1%	-11,6 k €	-18.6%	-9,8 k €
Total assets	411,8 k €	+4.1%	395,6 k €	+9.5%	361,3 k €	-9.6%	399,8 k €	+9.4%	365,3 k €	-0.9%	368,6 k €	-3.3%	381,3 k €	-17.1%	459,9 k €	-9.9%	510,5 k €	-2.2%	521,9 k €	+31.7%	396,3 k €	-12.2%	451,2 k €	+8413%	5,3 k €	0.0%	5,3 k €	+588789%	0,9 €	-90.8%	9,8 €		–		–		–
Cash	74,7 k €	+11.7%	66,8 k €	-26.4%	90,8 k €	-27.5%	125,2 k €	+5454%	2,3 k €	-95.6%	51,3 k €	-10.9%	57,6 k €	+667%	7,5 k €	-93.0%	106,8 k €	+54.9%	68,9 k €	+767%	7,9 k €	-66.6%	23,8 k €		–		–		0,9 €	-90.8%	9,8 €		–		–		–
Debts	250,4 k €	+32.4%	189,1 k €	+55.9%	121,3 k €	-32.3%	179,3 k €	-22.9%	232,4 k €	+53.8%	151 k €	-8.7%	165,5 k €	-28.4%	231 k €	-28.9%	325 k €	-16.6%	389,8 k €	+27.7%	305,3 k €	-30.5%	439,1 k €	+2220%	18,9 k €	+4.4%	18,1 k €	+55.9%	11,6 k €	0.0%	11,6 k €	+0.3%	11,6 k €	+0.1%	11,6 k €	+18.6%	9,8 k €
Other
Workforce	–		–		–		–		–		–		–		–		4,3 ETP	+26.5%	3,4 ETP	-17.1%	4,1 ETP	+10.8%	3,7 ETP		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 6 ended

Active mandates

Giovanni SIRIANNI

Director

Active

Ended mandates

Denis KROONEN

Director · since 22 mars 2011 · until 22 mars 2017

Ended

Giovanni SIRIANNI

Managing director · since 22 mars 2011 · until 22 mars 2017

Ended

Aslan DEMIRKOL

Director · until 22 mars 2011

Ended

Ferzan DEMIRKOL

Mandate

Ended

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	18/07/2025	31/08/2024	29/07/2023	15/06/2022	30/08/2021	29/07/2020
General meeting	12/05/2025	13/05/2024	08/05/2023	09/05/2022	10/05/2021	11/05/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

22 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2024	12/05/2025	18/07/2025	French	PDF
Micro model	31/12/2023	13/05/2024	31/08/2024	French	PDF
Micro model	31/12/2022	08/05/2023	29/07/2023	French	PDF
Micro model	31/12/2021	09/05/2022	15/06/2022	French	PDF
Micro model	31/12/2020	10/05/2021	30/08/2021	French	PDF
Micro model	31/12/2019	11/05/2020	29/07/2020	French	PDF
Micro model	31/12/2018	13/05/2019	29/08/2019	French	PDF
Micro model	31/12/2017	14/05/2018	26/09/2018	French	PDF
Abridged model	31/12/2016	08/05/2017	26/01/2018	French	PDF
Abridged model	31/12/2015	09/05/2016	22/11/2016	French	PDF
Abridged model	31/12/2014	18/02/2016	25/02/2016	French	PDF
Abridged model	31/12/2013	12/05/2014	31/10/2014	French	PDF
Abridged model	31/12/2012	13/05/2013	14/05/2013	French	PDF
Abridged model	31/12/2011	30/06/2012	12/02/2013	French	PDF
Abridged model	31/12/2010	09/05/2011	09/06/2011	French	PDF
Abridged model	31/12/2009	10/05/2010	01/12/2010	French	PDF
Abridged model	31/12/2008	12/05/2009	28/08/2009	French	PDF
Abridged model	31/12/2007	13/05/2008	29/08/2008	French	PDF
Abridged model	31/12/2006	14/05/2007	31/08/2007	French	PDF
Abridged model	31/12/2005	09/05/2006	29/03/2007	French	PDF
Abridged model	31/12/2004	09/05/2005	29/03/2007	French	PDF
Abridged model	31/12/2003	10/05/2004	29/03/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 6 ended

Active mandates

Giovanni SIRIANNI

Director

Active

Ended mandates

Denis KROONEN

Director · since 22 mars 2011 · until 22 mars 2017

Ended

Giovanni SIRIANNI

Managing director · since 22 mars 2011 · until 22 mars 2017

Ended

Aslan DEMIRKOL

Director · until 22 mars 2011

Ended

Ferzan DEMIRKOL

Mandate

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates18/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Mandates26/04/2013
DENOMINATION - OBJET - DEMISSIONS, NOMINATIONS - MODIFICATION FORME JURIDIQUE
PDF
Mandates13/04/2011
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates10/12/2004
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2024
Annual accounts 2024-45 k €↓
2023
Annual accounts 2023-33,5 k €↓
2022
Annual accounts 202219,5 k €↓
2021
Annual accounts 202188,1 k €↑
2020
Annual accounts 2020-84,7 k €↓
2019
Annual accounts 20191,3 k €↑
2018
Annual accounts 2018-28,4 k €↓
2017
Annual accounts 201740,9 k €↓
2016
Annual accounts 201653,5 k €↑
2015
Annual accounts 201541,1 k €↓
2014
Annual accounts 201481,3 k €↑
2013
Annual accounts 201326,9 k €↑
2012
Annual accounts 2012-2,3 k €↑
2012
Name changeSG RACING
2011
Annual accounts 2011-3,3 k €↓
2010
Annual accounts 2010-8,9 €↑
2009
Annual accounts 2009-23,1 €↓
2008
Annual accounts 2008-14,1 €↑
2007
Annual accounts 2007-1,8 k €↓
2006
Annual accounts 20063,5 €
2006
Name changeDEMCO
21/11/1985
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

SG RACING

Overview

What does SG RACING do?

Trend over 19 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline