SA & SZB
ActiveSummary
The computed 12-month bankruptcy probability of SA & SZB is 3.4% (moderate). The 2025 annual accounts show equity of €4,728 and a net result of €2,555. Equity is shrinking by ~30.9% per year across the filed fiscal years. Its solvency ranks better than 36% of 13874 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+73
Solvency39▲+8
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
3.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 17-09-2026, 48 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
48 d late
2024
56 d late
2023
134 d late
2022
29 d late
2021
29 d late
2020
61 d late
2019
74 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 62 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 17 September (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€4,728▲ 118%
2024 · €2,173
Total assets
€33,968▼ 10.0%
2024 · €37,753
Net result
€2,555
2024 · -€4,123
Working capital
-€1,895▲ 71.4%
2024 · -€6,631
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€6,455▼ 215%-€14,181▼ 120%-€5,327▲ 62.4%-€4,100▲ 23.0%€2,652
Net result€1,437within the sector's middle half▼ 70.7%-€14,252below the sector's middle half-€5,396within the sector's middle half▲ 62.1%-€4,123within the sector's middle half▲ 23.6%€2,555within the sector's middle half
Equity€25,944within the sector's middle half▲ 5.9%€11,692within the sector's middle half▼ 54.9%€6,296within the sector's middle half▼ 46.1%€2,173within the sector's middle half▼ 65.5%€4,728within the sector's middle half▲ 118%
Total assets€27,894below the sector's middle half▼ 6.2%€31,791below the sector's middle half▲ 14.0%€38,182below the sector's middle half▲ 20.1%€37,753below the sector's middle half▼ 1.1%€33,968below the sector's middle half▼ 10.0%
Debt€1,951▼ 62.7%€20,099▲ 930%€31,886▲ 58.6%€35,580▲ 11.6%€29,240▼ 17.8%
Working capital€13,605within the sector's middle half▲ 19.4%€449within the sector's middle half▼ 96.7%-€2,774within the sector's middle half-€6,631within the sector's middle half▼ 139%-€1,895within the sector's middle half▲ 71.4%
Solvency93.0%above the sector's middle half▲ 10.6pp36.8%within the sector's middle half▼ 56.2pp16.5%within the sector's middle half▼ 20.3pp5.8%within the sector's middle half▼ 10.7pp13.9%within the sector's middle half▲ 8.2pp
Current ratio7.97above the sector's middle half▲ 4.791.02within the sector's middle half▼ 6.950.91within the sector's middle half▼ 0.110.81within the sector's middle half▼ 0.100.94within the sector's middle half▲ 0.12
Return on assets (ROA)5.2%within the sector's middle half▼ 11.3pp-44.8%below the sector's middle half▼ 50.0pp-14.1%below the sector's middle half▲ 30.7pp-10.9%below the sector's middle half▲ 3.2pp7.5%within the sector's middle half▲ 18.4pp
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €2,652 after a loss of €4,100 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €33,968
Fixed assets
€6,623 ▼ 24.8%
Current assets
€27,345 ▼ 5.5%
Equity and liabilities €33,968
Equity
€4,728 ▲ 118%
Debt
€29,240 ▼ 17.8%
Debt's share of the balance-sheet total falls from 94.2% to 86.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€4,833▲
2024 · -€2,192
Cash flow
€4,736▲
2024 · -€2,215
Quick ratio
0.83▲
2024 · 0.72
Debt to equity
6.18▼
2024 · 16.37
ROE
54.0%▲
2024 · -189.7%
Interest coverage
49.96▲
2024 · -17.80
Debt ≤ 1 year
€29,240▼
2024 · €35,580
Staff costs
€17,037▼
2024 · €20,400
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,713 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.8%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,713 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €122,234 | - | - |
| Remuneration, social security and pensions62 | €5,932 | €18,098 | €28,918 | €20,400 | €17,037 | ▼ 16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,959 | €2,173 | €2,173 | €1,908 | €2,181 | ▲ 14.3% |
| Other operating charges640/8 | €348 | €348 | €384 | €387 | €410 | ▲ 5.7% |
| Gross operating margin9900 | €1,783 | €6,438 | €26,149 | €18,595 | €22,280 | ▲ 19.8% |
| Operating profit (loss)9901 | -€6,455 | -€14,181 | -€5,327 | -€4,100 | €2,652 | ▲ 165% |
| Financial income75/76B | €7,957 | €0 | - | €100 | €0 | ▼ 100.0% |
| Recurring financial income75 | €457 | €0 | - | €100 | €0 | ▼ 100.0% |
| Non-recurring financial income76B | €7,500 | - | - | €100 | - | - |
| Financial charges65/66B | €66 | €71 | €69 | €123 | €97 | ▼ 21.5% |
| Recurring financial charges65 | €66 | €71 | €69 | €123 | €97 | ▼ 21.5% |
| Profit (loss) for the period before taxes9903 | €1,437 | -€14,252 | -€5,396 | -€4,123 | €2,555 | ▲ 162% |
| Profit (loss) for the period9904 | €1,437 | -€14,252 | -€5,396 | -€4,123 | €2,555 | ▲ 162% |
| Profit (loss) for the period to be appropriated9905 | €1,437 | -€14,252 | -€5,396 | -€4,123 | €2,555 | ▲ 162% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €27,894 | €31,791 | €38,182 | €37,753 | €33,968 | ▼ 10.0% |
| Fixed assets21/28 | €12,339 | €11,243 | €9,070 | €8,804 | €6,623 | ▼ 24.8% |
| Intangible fixed assets21 | €10,500 | €9,000 | €7,500 | €6,000 | €4,500 | ▼ 25.0% |
| Tangible fixed assets22/27 | €1,689 | €2,093 | €1,420 | €2,654 | €1,973 | ▼ 25.7% |
| Furniture and vehicles24 | €1,689 | €2,093 | €1,420 | €2,654 | €1,973 | ▼ 25.7% |
| Financial fixed assets28 | €150 | €150 | €150 | €150 | €150 | = |
| Current assets29/58 | €15,555 | €20,548 | €29,112 | €28,949 | €27,345 | ▼ 5.5% |
| Stocks and contracts in progress3 | €3,213 | €3,213 | €3,213 | €3,213 | €3,213 | = |
| Stocks30/36 | €3,213 | €3,213 | €3,213 | €3,213 | €3,213 | = |
| Amounts receivable within one year40/41 | €11,608 | €4,244 | €8,356 | €10,323 | €9,017 | ▼ 12.7% |
| Other amounts receivable41 | €11,608 | €4,244 | €8,356 | €10,323 | €9,017 | ▼ 12.7% |
| Cash at bank and in hand54/58 | €734 | €13,091 | €17,543 | €15,412 | €15,115 | ▼ 1.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €27,894 | €31,791 | €38,182 | €37,753 | €33,968 | ▼ 10.0% |
| Equity10/15 | €25,944 | €11,692 | €6,296 | €2,173 | €4,728 | ▲ 118% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Capital10 | €20,000 | €20,000 | - | - | - | - |
| Issued capital100 | €20,000 | €20,000 | - | - | - | - |
| Profit (loss) carried forward14 | €5,944 | -€8,308 | -€13,704 | -€17,827 | -€15,272 | ▲ 14.3% |
| Amounts payable17/49 | €1,951 | €20,099 | €31,886 | €35,580 | €29,240 | ▼ 17.8% |
| Amounts payable within one year42/48 | €1,951 | €20,099 | €31,886 | €35,580 | €29,240 | ▼ 17.8% |
| Trade debts44 | €1,833 | €5,126 | €12,769 | €14,084 | €6,843 | ▼ 51.4% |
| Suppliers440/4 | €1,833 | €5,126 | €12,769 | €14,084 | €6,843 | ▼ 51.4% |
| Taxes, remuneration and social security45 | €118 | €13,872 | €19,118 | €18,821 | €19,722 | ▲ 4.8% |
| Taxes450/3 | €118 | €42 | €160 | €85 | €790 | ▲ 834% |
| Remuneration and social security454/9 | - | €13,830 | €18,958 | €18,736 | €18,932 | ▲ 1.0% |
| Other amounts payable47/48 | - | €1,101 | - | €2,675 | €2,675 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,437 | -€14,252 | -€5,396 | -€4,123 | €2,555 | ▲ 162% |
| + Depreciation and write-downs630 | €1,959 | €2,173 | €2,173 | €1,908 | €2,181 | ▲ 14.3% |
| Operating cash flow (approximation) | €3,395 | -€12,079 | -€3,223 | -€2,215 | €4,736 | ▲ 314% |
| Investment in fixed assets (approximation) | - | -€1,077 | €0 | -€1,642 | €0 | ▲ 100% |
| Change in cash | - | €12,357 | €4,453 | -€2,131 | -€297 | ▲ 86.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
17-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 48 days late
2025
31-12
Financial
Back to profitnet €2,555
Net result €2,555 after 3 loss-making years.
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 56 days late
2024
12-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 134 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Weakest financial yearnet -€14,252
Net result drops to -€14,252, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Liquidity triplescurrent ratio 7.97
Current ratio from 3.18 to 7.97; short-term debt falls from €5,226 to €1,951.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Back to profitnet €4,900
Net result €4,900 after one loss-making year.
13-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 74 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Sint-Agatha-Berchem · 1 establishment unit since 2019
Ground area
235 m²
Building footprint
139 m²
Volume, LiDAR
778 m³
Parcel 21003A0315/00G005, Brussels · tallest building 12.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SA & SZB
since 20192.281.121.482
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21003A0315/00G005 | Brussels | 235 m² | 1 · 139 m² | 12.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Agatha-Berchem2.281.121.482
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Of 21,835 companies in this sector we hold annual accounts for 9,786. 5,078 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded04-06-2018
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0697586287
Also
9925:BE0697586287
Registered
28-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.