SAB INVEST
ActiveSummary
SAB INVEST has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13.4m and a net result of €2.4m. Equity is growing by about 6.3% per year across the filed financial years. The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Activity
“La propriété et la gestion d'un patrimoine familial composé d'actions ou de parts de…” (deed in French)
From the articles, 2 activitiesNo NACE code in the KBO yet1 site
Size
€13.6mtotal assets 2025
- Equity
- €13.4m
- Profit
- €2.4m
Turnover not published (abbreviated or micro format)
Structure
Accounts 43 days early2 of 5 deeds read
Why 99lowers riskSize: total assets €13.6mLiquidity: current ratio 26.44, cash €4.6mFigures for financial year 2025 (filed 18-06-2026)Equity €13.4m (98.7% of total assets)Show the evidence
Checked score
Score 2025
99
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 91% of its sector peers (no NACE code, medium-sized)
Financial strength · tick = 2024
Strong
Solvency
100+7
equity 98.7% of total assets
Liquidity
92+6
short-term debt 1.3% · cash 33.7%
Profitability
82-18
return on assets 17.6%
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.1%
12-2024: 0.1%● unchanged vs 11-2024
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.2%▲ +0.1 percentage points vs 05-2025highest value
07-2025: < 0.1%▼ -0.2 percentage points vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026lowest value
08-2026: < 0.1%● unchanged vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
Credit of up to €1,300,000 on 30-day terms is acceptable
Liquidity ample (current ratio 26.44, compared with 1.62 in 2024, above the usual 1.5; short-term debt: 1.3% and cash: 33.7% of total assets), and 1.3% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, medium-sized): better than 74% on solvency, 97% on liquidity, 95% on profitability and 99% on growth.
The bankruptcy probability was computed on 16-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Five signals.
lowers riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-06-2026, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
43 days early
2024
38 days early
2023
41 days early
2022
554 days late
2021
31 days late
2020
11 days early
2019
33 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 60 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 23 June (4 of the last 5 filed years within 69 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
17-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · abbreviated…
- Liquidity more than 16 timescurrent ratio 26.44
- Equity above €10mequity €13.4m ▲4,976%
Financials · financial year 2025, abbreviated format
Equity
€13.4m▲ 4,976%
2024 · €263,644
Total assets
€13.6m▲ 3,403%
2024 · €386,914
Net result
€2.4m▼ 18.8%
2024 · €2.9m
Working capital
€4.4m▲ 5,610%
2024 · €76,892
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €57,577 in 2025 against €28,949 in 2024; the loss grows and 2025 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.06m
2025
Net result€2.4m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€13.6m
2025
Equity€13.4m
2025
Debt€0.2m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€4.4m
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€0.02m--€0.02m▲ 13.7%-€0.01m▲ 36.4%-€0.02m▼ 63.1%-€0.01m▲ 32.7%-€0.02m▼ 83.1%-€0.03m▼ 24.4%-€0.06m▼ 98.9%
Net result€0.2m-€0.2m▲ 24.3%€0.3m▲ 12.5%€0.1m▼ 44.5%€0.01m▼ 90.2%€0.05m▲ 282%€2.9m▲ 5,557%€2.4m▼ 18.8%
Equity€1.6m-€1.8m▲ 13.7%€2.1m▲ 13.6%€2.2m▲ 6.6%€2.2m▲ 0.6%€2.3m▲ 2.3%€0.3m▼ 88.5%€13.4m▲ 4,976%
Total assets€7.6m-€6.6m▼ 13.5%€5.4m▼ 17.3%€5.2m▼ 3.9%€5.2m▼ 1.2%€5.2m▲ 1.5%€0.4m▼ 92.6%€13.6m▲ 3,403%
Debt€6.0m-€4.7m▼ 20.9%€3.3m▼ 29.3%€3.0m▼ 10.6%€2.9m▼ 2.6%€2.9m▲ 1.0%€0.1m▼ 95.8%€0.2m▲ 40.0%
Working capital-€5.3m--€4.4m▲ 17.2%-€3.3m▲ 24.5%-€2.9m▲ 12.1%-€2.9m▲ 0.5%-€2.8m▲ 1.8%€0.08m€4.4m▲ 5,610%
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €13.6m
Fixed assets
€9.0m ▲ 4,715%
Current assets
€4.6m ▲ 2,180%
Equity and liabilities €13.6m
Equity
€13.4m ▲ 4,976%
Debt
€172,554 ▲ 40.0%
Debt's share of the balance-sheet total falls from 31.9% to 1.3%. Equity and debt are higher.
Key figures and ratios
Current ratio
26.44▲
2024 · 1.62
Debt to equity
0.01▼
2024 · 0.47
ROE
17.9%
ROA
17.6%▼
2024 · 761.3%
Debt ≤ 1 year
€172,554▲
2024 · €123,269
Income taxes
€219,981▼
2024 · €981,843
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €0.01m | €0.005m | €0.02m | €0.02m | €0.04m | ▲ 87.5% |
| Gross operating margin9900 | -€0.006m | -€0.005m | -€0.005m | -€0.005m | -€0.007m | -€0.008m | -€0.006m | -€0.02m | ▼ 139% |
| Operating profit (loss)9901 | -€0.02m | -€0.02m | -€0.01m | -€0.02m | -€0.01m | -€0.02m | -€0.03m | -€0.06m | ▼ 98.9% |
| Financial income75/76B | - | - | - | €0.2m | €0.03m | €0.09m | €4.0m | €2.7m | ▼ 32.5% |
| Recurring financial income75 | €0.08m | €0.3m | €0.3m | €0.2m | €0.03m | €0.09m | €4.0m | €2.7m | ▼ 32.5% |
| Financial charges65/66B | - | - | - | - | €0.002m | - | €290 | €0.002m | ▲ 437% |
| Recurring financial charges65 | €9 | - | - | - | €0.002m | - | €290 | €0.002m | ▲ 437% |
| Profit (loss) for the period before taxes9903 | €0.2m | €0.3m | €0.3m | €0.2m | €0.02m | €0.07m | €3.9m | €2.6m | ▼ 33.5% |
| Income taxes67/77 | €0.03m | €0.04m | €0.04m | €0.05m | €0.002m | €0.02m | €1.0m | €0.2m | ▼ 77.6% |
| Profit (loss) for the period9904 | €0.2m | €0.2m | €0.3m | €0.1m | €0.01m | €0.05m | €2.9m | €2.4m | ▼ 18.8% |
| Profit (loss) for the period to be appropriated9905 | €0.2m | €0.2m | €0.3m | €0.1m | €0.01m | €0.05m | €2.9m | €2.4m | ▼ 18.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €7.6m | €6.6m | €5.4m | €5.2m | €5.2m | €5.2m | €0.4m | €13.6m | ▲ 3,403% |
| Fixed assets21/28 | €6.9m | €6.2m | €5.4m | €5.1m | €5.1m | €5.1m | €0.2m | €9.0m | ▲ 4,715% |
| Financial fixed assets28 | €6.9m | €6.2m | €5.4m | €5.1m | €5.1m | €5.1m | €0.2m | €9.0m | ▲ 4,715% |
| Current assets29/58 | €0.7m | €0.4m | €0.04m | €0.09m | €0.03m | €0.1m | €0.2m | €4.6m | ▲ 2,180% |
| Amounts receivable within one year40/41 | €0.001m | - | - | - | - | - | - | €170 | - |
| Other amounts receivable41 | - | - | - | - | - | - | - | €170 | - |
| Cash at bank and in hand54/58 | €0.7m | €0.4m | €0.04m | €0.09m | €0.03m | €0.1m | €0.2m | €4.6m | ▲ 2,180% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €7.6m | €6.6m | €5.4m | €5.2m | €5.2m | €5.2m | €0.4m | €13.6m | ▲ 3,403% |
| Equity10/15 | €1.6m | €1.8m | €2.1m | €2.2m | €2.2m | €2.3m | €0.3m | €13.4m | ▲ 4,976% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €1.9m | ▲ 2,987% |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €1.9m | ▲ 2,987% |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €1.9m | ▲ 2,987% |
| Reserves13 | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €8.9m | ▲ 143,145% |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.2m | ▲ 3,554% |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.2m | ▲ 3,554% |
| Distributable reserves133 | - | - | - | - | - | - | - | €8.7m | - |
| Profit (loss) carried forward14 | €1.6m | €1.8m | €2.0m | €2.2m | €2.2m | €2.2m | €0.2m | €2.6m | ▲ 1,224% |
| Amounts payable17/49 | €6.0m | €4.7m | €3.3m | €3.0m | €2.9m | €2.9m | €0.1m | €0.2m | ▲ 40.0% |
| Amounts payable within one year42/48 | €6.0m | €4.7m | €3.3m | €3.0m | €2.9m | €2.9m | €0.1m | €0.2m | ▲ 40.0% |
| Trade debts44 | - | €0.001m | €0.006m | €0.002m | €0.001m | €0.01m | €451 | €0.001m | ▲ 121% |
| Suppliers440/4 | - | - | - | €0.002m | €0.001m | €0.01m | €451 | €0.001m | ▲ 121% |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | €0.06m | €0.02m | €0.1m | €0.2m | ▲ 47.5% |
| Taxes450/3 | - | - | - | €0.1m | €0.06m | €0.02m | €0.1m | €0.2m | ▲ 47.5% |
| Other amounts payable47/48 | - | - | - | €2.9m | €2.9m | €2.9m | €0.007m | €56 | ▼ 99.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.2m | €0.2m | €0.3m | €0.1m | €0.01m | €0.05m | €2.9m | €2.4m | ▼ 18.8% |
| Operating cash flow (approximation) | €0.2m | €0.2m | €0.3m | €0.1m | €0.01m | €0.05m | €2.9m | €2.4m | ▼ 18.8% |
| Investment in fixed assets (approximation) | - | €0.7m | €0.8m | €0.3m | €0 | €0 | €5.0m | -€8.8m | - |
| Change in cash | - | -€0.3m | -€0.3m | €0.05m | -€0.06m | €0.08m | €0.09m | €4.4m | ▲ 4,606% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 13 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 18-06-2026 | 2026-00173199 |
| 31-12-2024 | micro format | 23-06-2025 | 2025-00166696 |
| 31-12-2023 | micro format | 20-06-2024 | 2024-00154329 |
| 31-12-2022 | micro format | 04-02-2025 | 2025-00030288 |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20400574 |
| 31-12-2020 | micro format | 20-07-2021 | 2021-37900024 |
| 31-12-2019 | micro format | 28-06-2020 | 2020-22100078 |
| 31-12-2018 | micro format | 17-06-2019 | 2019-19900476 |
| 31-12-2017 | micro format | 08-06-2018 | 2018-17400251 |
| 31-12-2016 | full format | 11-07-2017 | 2017-30400525 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
No directors read yet: 2 of 5 Gazette acts processed. See the directors and other office holders in the KBO →
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
18-06
NBB filing
Annual accounts filed
financial year 2025 · abbreviated format
2025
31-12
Financial
Liquidity more than 16 timescurrent ratio 26.44
Current ratio from 1.62 to 26.44.
31-12
Financial
Equity above €10mequity €13.4m ▲4,976%
A profit in every financial year since 2018 builds equity to €13.4m.
09-07
Gazette deed
Capital & shares · RestructuringDemerger · Power of attorney · Shareholding24 facts ▸
Gazette deed
Capital & shares · Restructuring
Demerger · Power of attorney · Shareholding24 facts ▸
- General meeting, 12-06-2025
- Demerger, “scission partielle par voie de transfert sans dissolution”, 3765679 (deed in French)
- Other provision, “date du projet de scission, absence de modification importante du patrimoine” (deed in French)
- Power of attorney, Régis MULLIEZ
- Other provision, “renonciation aux rapports” (deed in French)
- Shareholding, 2824259, “nue-propriété” (deed in French) (2 times)
- Shareholding, 3765679, “usufruit” (deed in French)
- Shareholding, 941420, “nue-propriété” (deed in French) (2 times)
- Accounting effect, 01-01-2025
- Other provision, “description des actifs et passifs à transférer, droits et engagements hors bilan relatifs aux actifs et passifs transférés” (deed in French)
- Auditor report, 11-06-2025
- Other provision, “approbation des deux rapports” (deed in French)
- +12 further facts in this act
23-06
NBB filing
Annual accounts filed
financial year 2024 · micro format
02-05
Gazette deed
MiscellaneousPermanent representative: Pierre DESSAINT · Demerger · Shareholding22 facts ▸
Gazette deed
Miscellaneous
Permanent representative: Pierre DESSAINT · Demerger · Shareholding22 facts ▸
- Demerger, “scission partielle, simplifier la structure et centraliser une partie des actifs de ARDUS dans les holdings SAB INVEST et VIRGINIE INVEST afin d’aboutir à une p…” (deed in French) (2 times)
- Board composition, Régis Mulliez (sole director)
- Shareholding, “actions”, 1000 (deed in French)
- Shareholding, “nue-propriété, Rue Terre à Briques 29E,7522 Marquain” (deed in French)
- Shareholding, “nue-propriété”, 50 (deed in French)
- Shareholding, “nue-propriété”, 12.5 (deed in French)
- Other provision, “continued existence after partial demerger, démembrée usufruit/nue-propriété” (deed in French)
- Board composition, Sabine Mulliez (director)
- Board composition, Régis Mulliez (director) (2 times)
- Board composition, Virginie Mulliez (director)
- Board composition, MUTATIS SA (director)
- Permanent representative, Pierre DESSAINT
- +10 further facts in this act
04-02
NBB filing
Annual accounts filed
financial year 2022 · micro format · 554 days late
2024
31-12
Financial
Highest result from 2018 to 2025net €2.9m ▲5,557%
Net result €2.9m, the highest in the series.
31-12
Financial
Liquidity more than 44 timescurrent ratio 1.62
Current ratio from 0.04 to 1.62; short-term debt falls from €2.9m to €123,269.
20-06
NBB filing
Annual accounts filed
financial year 2023 · micro format
2022
31-12
Financial
Weakest financial yearnet €13,630 ▼90.2%
Net result drops to €13,630, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
financial year 2021 · micro format · 31 days late
Show earlier events
2021
20-07
NBB filing
Annual accounts filed
financial year 2020 · micro format
2020
31-12
Financial
Equity above €2mequity €2.1m ▲13.6%
A profit in every financial year since 2018 builds equity to €2.1m.
28-06
NBB filing
Annual accounts filed
financial year 2019 · micro format
2019
17-06
NBB filing
Annual accounts filed
financial year 2018 · micro format
2018
08-06
NBB filing
Annual accounts filed
financial year 2017 · micro format
2017
11-07
NBB filing
Annual accounts filed
financial year 2016 · full format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 13 annual accounts filed, the latest 10 are here; all 13 are under Financials.
2 of 5 deeds read
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Register details
Identification
Legal formPublic limited company
Founded02-08-2012
Financial year end31-12
E-invoicing
Not found in the Peppol Directory
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 17 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Tournai · 1 establishment unit since 2012
Ground area
4,715 m²
Building footprint
683 m²
Building volume
4,541 m³
Parcel 57050A0166/00M006, Wallonia · tallest building 7.0 m. Linked by address, not a title deed.
1 establishment unit
Rue de la Terre à Briques(MAR) 29E, 7522 Tournai
since 2012unit no. 2.212.687.388
1 parcel
Wallonia
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 57050A0166/00M006 | Wallonia | 4,715 m² | 1 · 683 m² | 7.0 m · 2 |
How the parcels are linked
Good to know
The parcel matches the address exactly.
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “La propriété et la gestion d'un patrimoine familial composé d'actions ou de parts de sociétés de capitaux,ou de parts de sociétés civiles…” (deed in French)
2 activities (deed in French)
- La propriété et la gestion d'un patrimoine familial composé d'actions ou de parts de sociétés de capitaux,ou de parts de sociétés civiles dont le patrimoine serait lui-même composé d'actions ou de parts de sociétés de capitaux,
- Et plus généralement toutes opérations pouvant se rattacher directement ou indirectement à cet objet et susceptibles d'en favoriser le développement ou la réalisation,pourvu que ces opérations ne modifient pas le caractère purement civil de la société.
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Conseil d'administration collégial, 13” (deed in French)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
- Membership ruleWho can become a member or partner, and on what terms.
- “12.1, descendants de Louis et Marguerite MULLIEZ-LESTIENNE” (deed in French)