S.A.B.
ActiveS.A.B. has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.69M and a net result of €137k. Equity is growing by ~5.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 9037 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
81
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability79▼-3
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €130k at 30 days acceptable
Liquidity ample (current ratio 48.32 against 4.63 in 2023; short-term debt: 1.9% and cash: 9.6% of total assets), and 2.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
97.1%
Return on assets
7.9%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-05-2025, 66 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
66 d early
2023
34 d early
2022
39 d early
2021
17 d early
2020
30 d early
2019
36 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€1.69M▲ 8.8%
2023 · €1.55M
2018: €1.13M
2019: €1.39M
2020: €1.48M
2021: €1.44M
2022: €1.62M
2023: €1.55M
2018 → 2024
Total assets
€1.74M▼ 11.2%
2023 · €1.96M
2018: €1.30M
2019: €1.54M
2020: €1.58M
2021: €1.54M
2022: €1.77M
2023: €1.96M
2018 → 2024
Net result
€137k▼ 34.0%
2023 · €207k
2018: €318k
2019: €264k
2020: €168k
2021: €215k
2022: €286k
2023: €207k
2018 → 2024
Working capital
€1.59M▲ 12.4%
2023 · €1.41M
2018: €1.10M
2019: €1.38M
2020: €1.40M
2021: €1.38M
2022: €1.56M
2023: €1.41M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.48M-€1.44M▼ 2.4%€1.62M▲ 12.4%€1.55M▼ 4.1%€1.69M▲ 8.8%
Operating result€226k-€293k▲ 30.0%€415k▲ 41.4%€298k▼ 28.2%€172k▼ 42.4%
Net result€168k-€215k▲ 27.9%€286k▲ 32.9%€207k▼ 27.5%€137k▼ 34.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 42% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.74M
Fixed assets
€118k▼ 24.3%
Current assets
€1.62M▼ 10.0%
Equity and liabilities €1.74M
Equity
€1.69M▲ 8.8%
Provisions
€17k=
Debt
€34k▼ 91.4%
The debt ratio falls from 19.9% to 1.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€210k▼
2023 · €328k
Cash flow
€175k▼
2023 · €237k
Solvency
97.1%▲
2023 · 79.3%
Current ratio
48.32▲
2023 · 4.63
Quick ratio
44.41▲
2023 · 4.14
Debt / equity
0.02▼
2023 · 0.25
ROE
8.1%▼
2023 · 13.4%
ROA
7.9%▼
2023 · 10.6%
Interest coverage
1364.13▲
2023 · 168.10
Debt
€34k▼
2023 · €389k
Debt ≤ 1 year
€34k▼
2023 · €389k
Income taxes
€60k▼
2023 · €93k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.96M€1.74M▼
Fixed assets21/28€156k€118k▼
Tangible fixed assets22/27€156k€118k▼
Plant, machinery and equipment23€11k€7k▼
Furniture and vehicles24€146k€111k▼
Current assets29/58€1.80M€1.62M▼
Stocks and contracts in progress3€193k€131k▼
Stocks30/36€193k€131k▼
Amounts receivable within one year40/41€160k€89k▼
Trade receivables40€139k€59k▼
Other amounts receivable41€21k€30k▲
Current investments50/53€1.21M€1.19M▼
Cash at bank and in hand54/58€202k€166k▼
Deferred charges and accrued income490/1€34k€47k▲
Equity and liabilities
Total equity and liabilities10/49€1.96M€1.74M▼
Equity10/15€1.55M€1.69M▲
Contributions10/11€12k€12k=
Reserves13€1.54M€1.68M▲
Distributable reserves133€1.54M€1.68M▲
Provisions and deferred taxes16€17k€17k=
Provisions for liabilities and charges160/5€17k€17k=
Pensions and similar obligations160€17k€17k=
Amounts payable17/49€389k€34k▼
Amounts payable within one year42/48€389k€34k▼
Trade debts44€8k€251▼
Suppliers440/4€8k€251▼
Taxes, remuneration and social security45€119k€33k▼
Taxes450/3€119k€33k▼
Other amounts payable47/48€261k-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€38k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€15k
Other operating charges640/8€3k€3k▼
Non-recurring operating charges66A€7k-
Gross operating margin9900€338k€228k▼
Operating profit (loss)9901€298k€172k▼
Financial income75/76B€4k€26k▲
Recurring financial income75€4k€26k▲
Financial charges65/66B€2k€154▼
Recurring financial charges65€2k€154▼
Profit (loss) for the period before taxes9903€300k€197k▼
Income taxes67/77€93k€60k▼
Profit (loss) for the period9904€207k€137k▼
Profit (loss) for the period to be appropriated9905€207k€137k▼
Appropriation of the result
Profit (loss) to be appropriated9906€207k€137k▼
Transfer from equity791/2€274k-
Transfer to equity691/2€207k€137k▼
To other reserves6921€207k€137k▼
Profit to be distributed694/7€274k-
Return on contributions (dividend)694€274k-
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €137k ▼34%
Net result drops to €137k, the lowest in the series.
31-12
Financial
Liquidity times 10current ratio 48.32
Current ratio from 4.63 to 48.32; short-term debt falls from €389k to €34k.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
19-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
20-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Baarle-Hertog · 1 establishment unit since 1998
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Molenbaan 202387 Baarle-HertogGround area
1,850 m²
Building footprint
231 m²
Volume, LiDAR
529 m³
2 parcels, Flanders · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
S.A.B.-SIERSCHOUWEN BVBA
since 19982.088.658.042
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13002C0034/00B003 | Flanders | 1,228 m² | 1 · 132 m² | 0.1 m |
| 13002C0034/00Z002 | Flanders | 622 m² | 1 · 99 m² | 7.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
894500F64PTDILEVSJ29
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ETABLISSEMENTS PHILIPPE FAELES
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DE KOCK RECYCLAGE
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Of 1,804 companies in sector 46831 we hold annual accounts for 1,398. 949 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-09-1998
Fiscal year end31-12
Activities, NACEBEL
46831Wholesale of construction materials, general range
51532
41001General construction of residential buildings
45211
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.