ACTIVE

SGS INVEST

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Financial year 2025 · closed on 31/12/2025

Net result

16,6 M €

-13.5% YoY

Equity

111,6 M €

+13.3% YoY

What does SGS INVEST do?

SGS INVEST is a Private limited company incorporated in 2007. Its main activity is: Activities of holding companies. Its registered office is in Grimbergen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0888.979.759

Incorporation

24/04/2007

Legal form

Private limited company

Registered office

Treft 25 box 101
1853 Grimbergen · FlandreSee on map

Contributed capital

2 868 650,00 €

Latest accounts

31/12/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflow

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	–		–		–		–		–		–		–		–		–		–		2,4 M €	+10.5%	2,2 M €	-18.8%	2,7 M €	+22.6%	2,2 M €	-0.4%	2,2 M €	+16.5%	1,9 M €	+227%	573,8 k €	+479%	99,1 k €
EBITDA	-455,6 k €	-210%	-147 k €	+38.2%	-238 k €	+50.3%	-479,4 k €	-199%	-160,3 k €	-20.6%	-132,8 k €	+36.0%	-207,5 k €	-27.7%	-162,4 k €	-90448%	-179,4 €	+100.0%	-384,2 k €	-116%	2,4 M €	+14.4%	2,1 M €	-19.2%	2,6 M €	+18.6%	2,2 M €	-0.1%	2,2 M €	+15.4%	1,9 M €	+226%	573,3 k €	+483%	98,3 k €
Operating result	-475,4 k €	-210%	-153,5 k €	+45.5%	-281,6 k €	+47.1%	-532,7 k €	-159%	-205,4 k €	-14.9%	-178,9 k €	+28.0%	-248,2 k €	-24.3%	-199,7 k €	-313%	-48,4 k €	+89.2%	-449,7 k €	-119%	2,3 M €	+14.8%	2 M €	-19.7%	2,5 M €	+20.0%	2,1 M €	-0.4%	2,1 M €	+15.7%	1,8 M €	+243%	532 k €	+447%	97,3 k €
Net result	16,6 M €	-13.5%	19,2 M €	-8.9%	21 M €	-30.2%	30,1 M €	+13987%	-216,9 k €	-9.5%	-198,1 k €	-104%	5,2 M €	-29.8%	7,5 M €	+14678%	50,5 k €	-99.3%	7,5 M €	+405%	1,5 M €	+10.5%	1,3 M €	-22.1%	1,7 M €	+18.3%	1,5 M €	+3.6%	1,4 M €	+15.7%	1,2 M €	-13.9%	1,4 M €	-53.0%	3 M €
Balance sheet
Equity	111,6 M €	+13.3%	98,5 M €	+19.6%	82,3 M €	+26.1%	65,3 M €	+80.5%	36,2 M €	-0.6%	36,4 M €	-0.5%	36,6 M €	+16.7%	31,4 M €	+31.2%	23,9 M €	+0.2%	23,9 M €	+45.8%	16,4 M €	+10.0%	14,9 M €	+9.9%	13,5 M €	+14.6%	11,8 M €	+14.1%	10,3 M €	+15.7%	8,9 M €	+102%	4,4 M €	+46.7%	3 M €
Total assets	157,5 M €	+13.0%	139,3 M €	+34.5%	103,6 M €	+57.1%	66 M €	+14.4%	57,7 M €	+19.0%	48,5 M €	+14.1%	42,5 M €	+7.6%	39,5 M €	+12.0%	35,3 M €	+9.5%	32,2 M €	+10.7%	29,1 M €	+27.7%	22,8 M €	+11.7%	20,4 M €	+9.8%	18,6 M €	+13.9%	16,3 M €	+31.4%	12,4 M €	+93.1%	6,4 M €	+63.8%	3,9 M €
Cash	14,5 M €	-41.3%	24,7 M €	+3669%	655,3 k €	-94.0%	10,9 M €	+20.5%	9,1 M €	-24.8%	12 M €	+68.3%	7,2 M €	+3.2%	6,9 M €	+8.2%	6,4 M €	+96.8%	3,3 M €	+68.6%	1,9 M €	+78.6%	1,1 M €	-9.0%	1,2 M €	-57.1%	2,8 M €	-21.6%	3,5 M €	+563%	533,1 k €	+31.4%	405,6 k €	-54.4%	890,4 k €
Debts	45,9 M €	+12.5%	40,8 M €	+91.8%	21,3 M €	+3173%	650,5 k €	-97.0%	21,5 M €	+78.2%	12,1 M €	+105%	5,9 M €	-27.6%	8,1 M €	-28.5%	11,4 M €	+36.3%	8,3 M €	-34.5%	12,7 M €	+61.3%	7,9 M €	+15.1%	6,9 M €	+1.4%	6,8 M €	+13.5%	6 M €	+71.9%	3,5 M €	+73.9%	2 M €	+121%	899,5 k €
Other
Workforce	–		–		–		–		–		0,8 ETP	+167%	0,3 ETP	+200%	0,1 ETP	0.0%	0,1 ETP		–		0,7 ETP	-69.6%	2,3 ETP	0.0%	2,3 ETP	+360%	0,5 ETP	-28.6%	0,7 ETP		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 28 ended

Active mandates

Ali AMERIAN

Director · since 01 octobre 2021

Active

Thibaut ALAIME

Director · since 01 octobre 2021

Active

Ended mandates

Ali AMERIAN

Director · since 31 juillet 2022

Ended

Stefaan MAENE

Director · since 31 juillet 2022

Ended

Stef KRAUSS

Manager · since 20 août 2015 · until 30 septembre 2016

Ended

Stef KRAUSS

Manager · since 20 août 2015

Ended

At this address

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IMOROM● Active	0442.375.725
MAGIC GAMING COMPANY● Active	0464.215.472
RAMSES● Active	0464.557.546
SPEELHAL SELECT● Active	0473.769.972

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	10/08/2026	28/07/2025	29/07/2024	29/09/2023	31/10/2022	25/11/2021
General meeting	07/08/2026	30/06/2025	28/06/2024	15/09/2023	14/10/2022	05/11/2021
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	07/08/2026	10/08/2026	Dutch	PDF
Full model	31/12/2024	30/06/2025	28/07/2025	Dutch	PDF
Full model	31/12/2023	28/06/2024	29/07/2024	Dutch	PDF
Full model	31/12/2022	15/09/2023	29/09/2023	Dutch	PDF
Full model	31/12/2021	14/10/2022	31/10/2022	Dutch	PDF
Full model	31/12/2020	05/11/2021	25/11/2021	Dutch	PDF
Full model	31/12/2019	30/06/2020	08/10/2020	Dutch	PDF
Full model	31/12/2018	30/06/2019	30/08/2019	Dutch	PDF
Full model	31/12/2017	21/06/2018	31/08/2018	Dutch	PDF
Full model	31/12/2016	15/06/2017	10/08/2017	Dutch	PDF
Abridged model	31/12/2015	16/06/2016	30/08/2016	Dutch	PDF
Abridged model	31/12/2014	18/06/2015	13/08/2015	Dutch	PDF
Abridged model	31/12/2013	19/06/2014	29/08/2014	Dutch	PDF
Abridged model	31/12/2012	20/06/2013	28/08/2013	Dutch	PDF
Abridged model	31/12/2011	21/06/2012	24/08/2012	Dutch	PDF
Abridged model	31/12/2010	16/06/2011	19/08/2011	Dutch	PDF
Abridged model	31/12/2009	17/06/2010	26/08/2010	Dutch	PDF
Abridged model	31/12/2008	18/06/2009	20/08/2009	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 M€

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 · 28 ended

Active mandates

Ali AMERIAN

Director · since 01 octobre 2021

Active

Thibaut ALAIME

Director · since 01 octobre 2021

Active

Ended mandates

Ali AMERIAN

Director · since 31 juillet 2022

Ended

Stefaan MAENE

Director · since 31 juillet 2022

Ended

Stef KRAUSS

Manager · since 20 août 2015 · until 30 septembre 2016

Ended

Stef KRAUSS

Manager · since 20 août 2015

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/02/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/11/2022
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/10/2022
ONTSLAGEN - BENOEMINGEN
PDF
Other15/07/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates29/03/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/02/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/12/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/10/2021
ONTSLAGEN - BENOEMINGEN
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 202516,6 M €↓
2024
Annual accounts 202419,2 M €↓
28/06/2024
nominationMaarten Desmet — commissaris
2023
Annual accounts 202321 M €↓
2022
Annual accounts 202230,1 M €↑
2021
Annual accounts 2021-216,9 k €↓
2020
Annual accounts 2020-198,1 k €↓
2019
Annual accounts 20195,2 M €↓
2018
Annual accounts 20187,5 M €↑
2017
Annual accounts 201750,5 k €↓
2016
Annual accounts 20167,5 M €↑
2015
Annual accounts 20151,5 M €↑
2014
Annual accounts 20141,3 M €↓
2013
Annual accounts 20131,7 M €↑
2012
Annual accounts 20121,5 M €↑
2011
Annual accounts 20111,4 M €↑
2010
Annual accounts 20101,2 M €↓
2009
Annual accounts 20091,4 M €↓
2008
Annual accounts 20083 M €
24/04/2007
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

SGS INVEST

Overview

What does SGS INVEST do?

Trend over 18 financial years

Indicative valuation

Board of directors

Other companies at this address

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