NORMAL SITUATION

SAGA Waterloo

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Financial year 2025 · closed on 31/12/2025

Net result

558,6 k €

+371.2% YoY

Revenue

30,1 M €

-18.4% YoY

Equity

4,7 M €

+0.6% YoY

Workforce

13,0 ETP

-57.7% YoY

Company — Normal situation.

What does SAGA Waterloo do?

SAGA Waterloo is a company registered in Belgium. It employs on average 13,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0477.040.555

Legal form

Public limited company

Contributed capital

3 565 456,89 €

Latest accounts

31/12/2025

Average workforce

13,0 ETP

Joint committees (3)

Signals

ProfitableSolid equityGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	30,1 M €	-18.4%	36,9 M €	+12.9%	32,7 M €	+16.8%	28 M €	-11.9%	31,8 M €	+21.9%	26,1 M €	+3.9%	25,1 M €	-5.4%	26,5 M €	+0.7%	26,3 M €	+23.7%	21,3 M €	+17.9%	18,1 M €	+29.3%	14 M €	-0.1%	14 M €	-5.0%	14,7 M €	-4.7%	15,4 M €	+6.6%	14,5 M €	+14.1%	12,7 M €	-32.4%	18,8 M €	+7.3%	17,5 M €	-6.7%	18,7 M €
EBITDA	804,7 k €	+142%	332 k €	-67.2%	1 M €	-2.2%	1 M €	+344%	233,3 k €	+50.2%	155,3 k €	+311%	37,8 k €	-93.5%	585,1 k €	-6.1%	623,4 k €	+31.3%	475 k €	-22.2%	610,7 k €	+440%	113,1 k €	+574%	16,8 k €	+121%	-79,3 k €	-125%	322,5 k €	+18.3%	272,7 k €	-19.4%	338,4 k €	+1.2%	334,3 k €	+21.8%	274,5 k €	+5.7%	259,7 k €
Operating result	870,9 k €	+219%	273 k €	-58.6%	659,9 k €	-23.4%	861,3 k €	+202%	285,2 k €	+327%	66,8 k €	+510%	-16,3 k €	-103%	538,2 k €	-2.9%	554,3 k €	+43.6%	385,9 k €	-30.6%	556 k €	+581%	81,6 k €	+76.2%	46,3 k €	+143%	-107,6 k €	-148%	224,6 k €	-3.6%	233,1 k €	+17.2%	198,9 k €	-26.0%	268,6 k €	+50.3%	178,6 k €	+237%	-130,2 k €
Net result	558,6 k €	+371%	-205,9 k €	-218%	174,7 k €	-68.7%	558,3 k €	+428%	105,8 k €	+465%	-28,9 k €	+58.0%	-68,9 k €	-113%	527,6 k €	+61.2%	327,4 k €	-22.6%	422,9 k €	+20.6%	350,7 k €	+1081%	29,7 k €	+648%	4 k €	+102%	-164,4 k €	-192%	179,2 k €	-13.2%	206,5 k €	+24.0%	166,4 k €	-15.6%	197,2 k €	+98.3%	99,4 k €	+144%	-228 k €
Balance sheet
Equity	4,7 M €	+0.6%	4,7 M €	-4.2%	4,9 M €	-9.7%	5,4 M €	+11.5%	4,8 M €	+90.1%	2,5 M €	-15.3%	3 M €	-2.2%	3,1 M €	+20.7%	2,6 M €	+6.1%	2,4 M €	+21.3%	2 M €	+21.5%	1,6 M €	+1.9%	1,6 M €	+0.2%	1,6 M €	-9.3%	1,8 M €	+11.3%	1,6 M €	+34.6%	1,2 M €	+16.5%	1 M €	+24.3%	811,8 k €	+14.0%	712,4 k €
Total assets	8,2 M €	-10.9%	9,2 M €	-23.4%	12,1 M €	+16.3%	10,4 M €	-2.2%	10,6 M €	-12.4%	12,1 M €	+10.7%	10,9 M €	+15.1%	9,5 M €	+21.5%	7,8 M €	+16.7%	6,7 M €	+34.8%	5 M €	+7.0%	4,6 M €	+1.3%	4,6 M €	-11.5%	5,2 M €	+0.3%	5,2 M €	+31.0%	3,9 M €	+22.2%	3,2 M €	-3.3%	3,3 M €	+27.3%	2,6 M €	-26.4%	3,6 M €
Cash	641,5 k €	-27.7%	886,9 k €	-51.5%	1,8 M €	+51.8%	1,2 M €	+6557%	18,1 k €	-36.8%	28,6 k €	+111%	13,6 k €	-69.4%	44,4 k €	-60.6%	112,7 k €	+37.0%	82,2 k €	+1280%	6 k €	-85.8%	42 k €	+9455%	440 €	-94.3%	7,8 k €	+35.2%	5,7 k €	+36.3%	4,2 k €	+37.0%	3,1 k €	-92.0%	38,5 k €	-57.9%	91,5 k €	+168%	34,1 k €
Debts	3,5 M €	-17.7%	4,2 M €	-39.4%	7 M €	+44.0%	4,8 M €	-14.1%	5,6 M €	-40.6%	9,5 M €	+21.6%	7,8 M €	+23.6%	6,3 M €	+22.8%	5,1 M €	+23.2%	4,2 M €	+43.1%	2,9 M €	-1.1%	2,9 M €	+0.7%	2,9 M €	-17.1%	3,5 M €	+6.4%	3,3 M €	+43.4%	2,3 M €	+17.6%	2 M €	-14.5%	2,3 M €	+27.7%	1,8 M €	-36.9%	2,9 M €
Other
Workforce	13,0 ETP	-57.7%	30,7 ETP	+6.6%	28,8 ETP	+20.5%	23,9 ETP	-4.0%	24,9 ETP	-3.5%	25,8 ETP	+7.1%	24,1 ETP	-4.7%	25,3 ETP	+2.8%	24,6 ETP	+6.5%	23,1 ETP	-0.9%	23,3 ETP	-2.5%	23,9 ETP	+3.5%	23,1 ETP	-6.1%	24,6 ETP	+2.1%	24,1 ETP	+2.1%	23,6 ETP	+4.9%	22,5 ETP	-2.6%	23,1 ETP	+5.5%	21,9 ETP	+1.4%	21,6 ETP

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 63 ended

Active mandates

PIRET Olivier

Managing director · since 24 novembre 2022 · until 16 mai 2028

Active

Ronan CHABOT

Chairman of the board of directors · since 24 novembre 2022 · until 16 mai 2028

Active

Ended mandates

Olivier PIRET

Managing director · since 21 novembre 2022 · until 16 mai 2028

Ended

Ronan CHABOT

Managing director · since 21 novembre 2022 · until 16 mai 2028

Ended

Hans-Erik JONSCHER

Director · since 01 octobre 2019 · until 18 juin 2021

Ended

Hans-Erik JONSCHER

Director · since 01 octobre 2019 · until 21 janvier 2022

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	24/06/2026	26/05/2025	18/06/2024	26/07/2023	08/06/2022	25/01/2022
General meeting	19/05/2026	20/05/2025	21/05/2024	13/07/2023	17/05/2022	21/01/2022
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

24 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	19/05/2026	24/06/2026	French	PDF
Full model	31/12/2024	20/05/2025	26/05/2025	French	PDF
Full model	31/12/2023	21/05/2024	18/06/2024	French	PDF
Full model	31/12/2022	13/07/2023	26/07/2023	French	PDF
Full model	31/12/2021	17/05/2022	08/06/2022	French	PDF
Full model	31/12/2020	21/01/2022	25/01/2022	French	PDF
Full model	31/12/2019	11/09/2020	14/09/2020	French	PDF
Full model	31/12/2018	28/05/2019	13/06/2019	French	PDF
Full model	31/12/2017	15/05/2018	25/05/2018	French	PDF
Full model	31/12/2016	16/05/2017	06/07/2017	French	PDF
Full model	31/12/2015	17/05/2016	31/05/2016	French	PDF
Full model	31/12/2014	19/05/2015	04/06/2015	French	PDF
Full model	31/12/2013	20/05/2014	22/05/2014	French	PDF
Full model	31/12/2012	21/05/2013	14/06/2013	French	PDF
Full model	31/12/2011	15/05/2012	31/05/2012	French	PDF
Full model	31/12/2010	17/05/2011	03/06/2011	French	PDF
Full model	31/12/2009	18/05/2010	02/06/2010	French	PDF
Full model	31/12/2008	26/05/2009	25/06/2009	French	PDF
Full model	31/12/2007	20/05/2008	13/08/2008	French	PDF
Full model	31/12/2006	15/05/2007	07/12/2007	French	PDF
Full model	31/12/2005	16/05/2006	31/07/2006	French	PDF
Full model	31/12/2004	17/05/2005	14/07/2005	French	PDF
Full model	31/12/2003	08/06/2004	29/06/2004	French	PDF
Full model	31/12/2002	20/05/2003	24/09/2003	French	PDF

Estimate

Indicative valuation

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 31/12/2025 · 2 active · 63 ended

Active mandates

PIRET Olivier

Managing director · since 24 novembre 2022 · until 16 mai 2028

Active

Ronan CHABOT

Chairman of the board of directors · since 24 novembre 2022 · until 16 mai 2028

Active

Ended mandates

Olivier PIRET

Managing director · since 21 novembre 2022 · until 16 mai 2028

Ended

Ronan CHABOT

Managing director · since 21 novembre 2022 · until 16 mai 2028

Ended

Hans-Erik JONSCHER

Director · since 01 octobre 2019 · until 18 juin 2021

Ended

Hans-Erik JONSCHER

Director · since 01 octobre 2019 · until 21 janvier 2022

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Dissolution17/03/2026
RUBRIQUE FIN (CESSATION, ANNULATION CESSATION, NULLITE, CONC, REORGANISATION JUDICIAIRE, ETC...) - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring09/12/2025
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Other18/04/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates28/02/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates07/12/2022
DENOMINATION - DEMISSIONS, NOMINATIONS
PDF
Other11/04/2022
DIVERS
PDF
Capital / shares10/01/2022
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS
PDF
Mandates20/08/2021
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

2025
Annual accounts 2025558,6 k €↑
2024
Annual accounts 2024-205,9 k €↓
2023
Annual accounts 2023174,7 k €↓
2022
Annual accounts 2022558,3 k €↑
2022
Name changeSaga Waterloo
2021
Annual accounts 2021105,8 k €↑
2021
Name changeMERCEDES-BENZ WATERLOO
2020
Annual accounts 2020-28,9 k €↑
2019
Annual accounts 2019-68,9 k €↓
2018
Annual accounts 2018527,6 k €↑
2017
Annual accounts 2017327,4 k €↓
2016
Annual accounts 2016422,9 k €↑
2015
Annual accounts 2015350,7 k €↑
2014
Annual accounts 201429,7 k €↑
2013
Annual accounts 20134 k €↑
2012
Annual accounts 2012-164,4 k €↓
2011
Annual accounts 2011179,2 k €↓
2010
Annual accounts 2010206,5 k €↑
2009
Annual accounts 2009166,4 k €↓
2008
Annual accounts 2008197,2 k €↑
2007
Annual accounts 200799,4 k €↑
2006
Annual accounts 2006-228 k €

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

SAGA Waterloo

Overview

What does SAGA Waterloo do?

Trend over 20 financial years

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