SaBa
ActiveSummary
The computed 12-month bankruptcy probability of SaBa is 2.1% (moderate). The 2025 annual accounts show equity of €3,879 and a net result of €1,211. Equity is shrinking by ~34.9% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 23% of 3757 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability69▼-5
Solvency27▲+1
Growth58=
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity short (current ratio 0.75 against 0.63 in 2024; short-term debt: 98.2% and cash: 12.5% of total assets), and 98.2% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
1.8%
Return on assets
0.6%
Age of the figures
12 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 3757 sector peers (2025).
NBB · sector comparisonPosition among 3757 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-03-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
50 d early
2023
85 d early
2022
67 d early
2021
39 d early
2020
5 d late
2019
22 d early
← 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 41 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€3,879▲ 45.4%
2024 · €2,668
Total assets
€215,217▲ 16.4%
2024 · €184,827
Net result
€1,211▼ 84.5%
2024 · €7,829
Working capital
-€52,241▲ 21.6%
2024 · -€66,615
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€6,350-€35,307-€6,067▲ 82.8%€8,292€1,906▼ 77.0%
Net result-€7,204=-€7,565within the sector's middle half▼ 5.0%-€8,437below the sector's middle half▼ 11.5%€7,829within the sector's middle half€1,211within the sector's middle half▼ 84.5%
Equity€10,842▲ 23.9%€3,276within the sector's middle half▼ 69.8%-€5,161below the sector's middle half€2,668within the sector's middle half€3,879below the sector's middle half▲ 45.4%
Total assets€141,301=€133,112within the sector's middle half▼ 5.8%€197,437within the sector's middle half▲ 48.3%€184,827within the sector's middle half▼ 6.4%€215,217within the sector's middle half▲ 16.4%
Debt€132,551=€129,836▼ 2.0%€202,599▲ 56.0%€182,159▼ 10.1%€211,338▲ 16.0%
Working capital-€66,913▲ 0.5%-€47,322▲ 29.3%-€88,325▼ 86.6%-€66,615▲ 24.6%-€52,241▲ 21.6%
Solvency7.7%▲ 1.5pp2.5%within the sector's middle half▼ 5.2pp-2.6%within the sector's middle half▼ 5.1pp1.4%within the sector's middle half▲ 4.1pp1.8%below the sector's middle half▲ 0.4pp
Staff (FTE)1=0.5▼ 50.0%
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 abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 77% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €215,217
Fixed assets
€56,120 ▼ 19.0%
Current assets
€159,097 ▲ 37.7%
Equity and liabilities €215,217
Equity
€3,879 ▲ 45.4%
Debt
€211,338 ▲ 16.0%
Debt's share of the balance-sheet total falls from 98.6% to 98.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€15,978▼
2024 · €22,172
Cash flow
€15,283▼
2024 · €21,710
Current ratio
0.75▲
2024 · 0.63
Quick ratio
0.51▲
2024 · 0.44
Debt to equity
54.48▼
2024 · 68.27
ROE
31.2%▼
2024 · 293.4%
ROA
0.6%▼
2024 · 4.2%
Interest coverage
22.98▼
2024 · 47.93
Debt ≤ 1 year
€211,338▲
2024 · €182,159
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,375 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency under 10%
- a profit under 5% of the balance sheet
2.0%
went bankrupt
1.6%
stopped otherwise
96%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 1,375 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 | - | €3,704 | €8,335 | - | - | - |
| Remuneration, social security and pensions62 | - | €20,858 | €307 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,096 | €7,787 | €8,529 | €13,880 | €14,072 | ▲ 1.4% |
| Other operating charges640/8 | - | €3,587 | €848 | €2,189 | €2,252 | ▲ 2.9% |
| Non-recurring operating charges66A | - | - | €797 | - | - | - |
| Gross operating margin9900 | €47,005 | -€3,075 | €4,414 | €24,361 | €18,230 | ▼ 25.2% |
| Operating profit (loss)9901 | €6,350 | -€35,307 | -€6,067 | €8,292 | €1,906 | ▼ 77.0% |
| Financial income75/76B | - | €32,830 | €200 | - | - | - |
| Recurring financial income75 | €13 | €2,830 | €200 | - | - | - |
| Non-recurring financial income76B | - | €30,000 | - | - | - | - |
| Financial charges65/66B | - | €4,625 | €2,257 | €463 | €695 | ▲ 50.3% |
| Recurring financial charges65 | €3,838 | €4,625 | €2,257 | €463 | €695 | ▲ 50.3% |
| Profit (loss) for the period before taxes9903 | -€6,862 | -€7,102 | -€8,124 | €7,829 | €1,211 | ▼ 84.5% |
| Income taxes67/77 | €434 | €463 | €313 | - | - | - |
| Profit (loss) for the period9904 | -€7,204 | -€7,565 | -€8,437 | €7,829 | €1,211 | ▼ 84.5% |
| Profit (loss) for the period to be appropriated9905 | -€7,204 | -€7,565 | -€8,437 | €7,829 | €1,211 | ▼ 84.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €141,301 | €133,112 | €197,437 | €184,827 | €215,217 | ▲ 16.4% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €76,493 | €50,598 | €83,164 | €69,283 | €56,120 | ▼ 19.0% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €76,493 | €50,598 | €83,164 | €69,283 | €56,120 | ▼ 19.0% |
| Land and buildings22 | - | €37,716 | €34,616 | €31,516 | €28,416 | ▼ 9.8% |
| Plant, machinery and equipment23 | - | €422 | - | - | - | - |
| Furniture and vehicles24 | - | €11,838 | €48,548 | €37,767 | €27,703 | ▼ 26.6% |
| Leasing and similar rights25 | - | €621 | - | - | €0 | - |
| Financial fixed assets28 | €1,693 | - | - | - | - | - |
| Current assets29/58 | €65,132 | €82,514 | €114,274 | €115,544 | €159,097 | ▲ 37.7% |
| Stocks and contracts in progress3 | €2,700 | - | €35,500 | €35,500 | €51,000 | ▲ 43.7% |
| Stocks30/36 | - | - | €35,500 | €35,500 | €51,000 | ▲ 43.7% |
| Amounts receivable within one year40/41 | €46,592 | €77,527 | €76,516 | €79,744 | €81,084 | ▲ 1.7% |
| Trade receivables40 | - | €1,952 | €3,809 | €2,566 | €1,721 | ▼ 32.9% |
| Other amounts receivable41 | - | €75,575 | €72,707 | €77,178 | €79,363 | ▲ 2.8% |
| Current investments50/53 | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €13,649 | €2,667 | - | €300 | €26,989 | ▲ 8,896% |
| Deferred charges and accrued income490/1 | - | €2,320 | €2,257 | - | €24 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €141,301 | €133,112 | €197,437 | €184,827 | €215,217 | ▲ 16.4% |
| Equity10/15 | €10,842 | €3,276 | -€5,161 | €2,668 | €3,879 | ▲ 45.4% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Outside capital11 | - | - | - | €20,000 | €20,000 | = |
| Other1109/19 | - | - | - | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | -€11,250 | -€16,724 | -€25,161 | -€17,332 | -€16,121 | ▲ 7.0% |
| Amounts payable17/49 | €132,551 | €129,836 | €202,599 | €182,159 | €211,338 | ▲ 16.0% |
| Amounts payable after more than one year17 | €506 | - | - | - | - | - |
| Amounts payable within one year42/48 | €132,045 | €129,836 | €202,599 | €182,159 | €211,338 | ▲ 16.0% |
| Financial debts43 | - | - | €4,243 | €3,025 | - | - |
| Credit institutions430/8 | - | - | €4,243 | €3,025 | - | - |
| Trade debts44 | €16,288 | €2,260 | €1,130 | €582 | €22,511 | ▲ 3,770% |
| Suppliers440/4 | - | €2,260 | €1,130 | €582 | €22,511 | ▲ 3,770% |
| Taxes, remuneration and social security45 | - | €3,740 | €3,687 | €5,428 | €12,014 | ▲ 121% |
| Taxes450/3 | - | €2,464 | €1,955 | €196 | €4,871 | ▲ 2,389% |
| Remuneration and social security454/9 | - | €1,276 | €1,732 | €5,233 | €7,143 | ▲ 36.5% |
| Other amounts payable47/48 | - | €123,835 | €193,538 | €173,124 | €176,812 | ▲ 2.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,204 | -€7,565 | -€8,437 | €7,829 | €1,211 | ▼ 84.5% |
| + Depreciation and write-downs630 | €16,096 | €7,787 | €8,529 | €13,880 | €14,072 | ▲ 1.4% |
| Operating cash flow (approximation) | €8,892 | €222 | €92 | €21,710 | €15,283 | ▼ 29.6% |
| Investment in fixed assets (approximation) | - | €18,108 | -€41,095 | €0 | -€908 | - |
| Change in cash | - | -€10,983 | - | - | €26,689 | - |
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
30-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
11-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Back to profitnet €7,829
Net result €7,829 after 5 loss-making years.
05-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet -€8,437
Net result drops to -€8,437, the lowest in the series; recovery starts the following year.
22-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
05-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 5 days late
2020
08-04
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
14-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
02-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Brugge · 2 establishment units since 2014
Ground area
538 m²
Building footprint
230 m²
Volume, LiDAR
1,599 m³
2 parcels, Flanders · tallest building 11.9 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
SaBa Snack
since 20142.237.144.850
Saba Luxury Transportation
since 20222.333.867.609
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31434C0118/00F002 | Flanders | 455 m² | 1 · 145 m² | 9.9 m · 2 fl. |
| 31804D1356/00B000 | Flanders | 83 m² | 1 · 85 m² | 11.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
3 ownersOwners 3
- Gülseren Kulnatural personSourceown accounts 30-09-202557%
- Samican Bakistanlinatural personSourceown accounts 30-09-202533%
- Christine Bakistanlinatural personSourceown accounts 30-09-202510%
Holdings 0
The accounts to 30-09-2025 list no holdings, and no other source names one.
According to the annual accounts to 30-09-2025 of SaBa and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 21,859 companies in sector 56112 we hold annual accounts for 9,779. 4,567 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded24-11-2014
Fiscal year end30-09
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
47811Retail sale of cars and light vans (up to 3.5 tonnes)
46180Agents specialised in the wholesale of other particular products
49310Scheduled passenger transport by road
49320Non-scheduled passenger transport by road
49330On-demand passenger transport by chauffeured vehicle
77110Renting and leasing of cars and light motor vehicles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0505629029
Also
9925:BE0505629029
Registered
13-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.