Free analysis

A free scan of your company's financial health

Whether you have a specific question in mind or are simply curious about where your company stands, Sagora Scan gives you a first reading of your financial health, based on your annual accounts filed with the National Bank of Belgium, with points of attention and concrete avenues to explore further.

No credit card requiredDelivered within 3 working daysPublic NBB data
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One single better-informed decision can be enough to change everything.

This is the address to which we will send the link to access the report.

Format BE0XXXXXXXXX. Found on any legal document of the company, or via the CBE online.

If left empty, we will retrieve it automatically from the CBE.

So we can call you back if reading your accounts raises a question.

Specify your link with the company whose analysis you are requesting. We adapt the depth of the commented reading to your profile.

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Method

How do you check the financial health of a Belgian company?

Start from the annual accounts the company filed with the National Bank of Belgium, which anyone can consult for free. Read a few key ratios (liquidity, solvency, profitability, net cash), compare them with the sector and look for warning signs. For your own company, Sagora Scan does this reading for you, free of charge.

  1. Get the annual accounts

    Every Belgian company files its accounts with the Central Balance Sheet Office of the National Bank. They can be consulted free of charge in the NBB's Consult application, as PDF files going back to 1999. Check the date of the latest filing: missing or late accounts are already a signal.

  2. Read four ratios

    Liquidity (short-term assets against short-term debts), solvency (share of equity in total assets), profitability (operating result, or gross margin when the company files an abridged format without turnover) and net cash (working capital minus working capital requirement).

  3. Compare with the sector

    A ratio only makes sense next to those of comparable companies. NBB.Stat, the National Bank's statistics database, provides ratios by sector of activity free of charge.

  4. Look for warning signs

    Negative or falling equity, repeated losses, persistently negative net cash, growing tax and social security debts, unfiled accounts. A single signal does not condemn a company; several at once call for an analysis.

Read the full guide: understanding a balance sheetPreparing a bank financing file: what the bank checks

Where to find the information

SourceWhat you getCostFor which companies
NBB Central Balance Sheet Office (Consult)The annual accounts as filed, without interpretationFreeAny Belgian company that files its accounts
NBB.StatStatistics and ratios by sector of activityFreeSector comparison
Business information platformsCredit scores, credit limits, payment behaviourPaid subscriptionCustomers, suppliers, prospects
Sagora ScanA commented reading of your accounts: profitability, balance sheet structure, cash, points of attention and avenues to exploreFreeYour own company

Sagora Scan is reserved for your own company: director, finance department, authorised agent or mandated adviser.

Request my free scan

Method updated in October 2026.

Example

What does a Sagora Scan report look like?

Sagora Scan report
Your financial health
Analysed and validated by a Sagora financial analyst
What you receive

A clear reading of your financial health

The report takes your latest filed accounts and gives you a commented reading of them, structured around your three policies: operations, investment and financing.

  • Profitability: the income statement, from activity to net result, over several financial years.
  • Balance sheet structure: assets and liabilities line by line, working capital, working capital requirement and net cash.
  • Cash: the cash flows of the year, where the cash comes from and where it goes.
  • Social balance sheet: headcount and personnel costs, when the company publishes this data.
  • The interactions between your operating, investment and financing policies.
  • Points of attention and concrete avenues to explore further.
  • All of it based on the annual accounts you have already filed with the National Bank of Belgium.
To go further Sagora Direct analyses your most recent internal accounts and includes two interviews with a financial analyst. Discover Sagora Direct →
Sagora Direct, the complete diagnosisSagora Benchmark, the market comparisonAll Sagora Analytics offers

How it works

  1. Enter the company number (CBE) and the company email. The form immediately checks that it matches a registered company.
  2. Sagora retrieves your annual accounts from the NBB Central Balance Sheet Office. You have no documents to provide.
  3. You receive your report by email within 3 working days, the time needed for the commented reading.

Frequently asked questions

How do you check the financial health of a Belgian company?

Consult its annual accounts free of charge in the National Bank of Belgium's Consult application, read four ratios (liquidity, solvency, profitability, net cash), compare them with the sector on NBB.Stat and look for warning signs: negative equity, repeated losses, unfiled accounts.

How can I tell whether a customer or supplier is reliable?

Start with its annual accounts, free in the NBB's Consult application: look at its equity, its cash and the date of its latest filing. Business information platforms add credit scores and payment history on a subscription basis.

Can I request a scan for a company other than my own?

No. Sagora Scan is reserved for people entitled to consult the financial data of the company analysed: director, finance department, authorised agent or mandated adviser. For another company, the method described above applies to its public accounts.

Which ratios should I look at first?

Solvency (share of equity in the balance sheet) and net cash tell you whether the company stands firm; liquidity tells you whether it can pay its short-term debts; profitability tells you whether its business creates value. Read together and over several years, they say far more than in isolation.

What is the difference with the NBB Central Balance Sheet Office?

The Central Balance Sheet Office publishes the accounts as they were filed. Sagora Scan starts from those same accounts and gives you a commented reading: what is going well, what deserves attention and the avenues to explore.

Where does the data come from?

From the annual accounts already filed with the National Bank of Belgium. You have no documents to provide.

Is it really free?

Yes. The report is free, with no credit card and no commitment. It gives you a concrete preview of our approach; only in-depth consulting engagements, scoped on quotation, are invoiced.

Which companies can be analysed?

Belgian companies that file their annual accounts with the NBB. A company that has not yet filed accounts cannot be analysed.

Are the interviews included?

No. Sagora may get back to you, but the two interviews with a financial analyst are reserved for Sagora Direct and Sagora Benchmark.

What is the difference with Sagora Direct?

Sagora Scan is a first reading built on your public accounts. Sagora Direct deepens the analysis using your most recent internal accounts, with two interviews with a financial analyst.

What happens after the scan?

You remain free to stop there or to continue with Sagora Direct for a complete diagnosis of your internal accounts.
“Few executives take the time to reread their accounts with an outside eye. Yet these numbers tell a story.”
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