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SABAAL

Active
Private limited companyfounded 20224 yrs activeRode Kruislaan 87, 1020 Brussel, BelgiumKBO/BCE: BE 0785.331.301
Summary

The computed 12-month bankruptcy probability of SABAAL is 6.7% (elevated). The 2024 annual accounts show equity of €44,501 and a net result of -€4,566. The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability10▼-23
Solvency90▼-10
Growth32
Track record94
Bankruptcy probability, 12 months
6.7% Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days only on tighter terms
Liquidity short (current ratio 0.57 against 5.35 in 2023; short-term debt: 35.2% and cash: 0.6% of total assets), and 35.2% of the assets are financed with debt.
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Signals

Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
64.8%
Return on assets
-6.7%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024
Net result per financial year
2324
2023 to 2024 · latest year -€4,566
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-08-2025, 30 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 · 2 filings
Deviation from the deadline
2025
not confirmed
2024
30 d late
2023
30 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 2 accounts on average 30 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

SABAAL was incorporated on 22 April 2022 as a Private limited company.1 The company has filed 2 sets of annual accounts, the latest for fiscal year 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2024

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Financials · fiscal year 2024, micro schema

Equity
€44,501▼ 9.3%
2023 · €49,067
Total assets
€68,642▲ 25.4%
2023 · €54,743
Net result
-€4,566▼ 389%
2023 · -€933
Working capital
-€10,499
2023 · €24,697
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20232024
Operating result-€743--€4,424▼ 496%
Net result-€933--€4,566▼ 389%
Equity€49,067-€44,501▼ 9.3%
Total assets€54,743-€68,642▲ 25.4%
Debt€5,676-€24,141▲ 325%
Working capital€24,697--€10,499
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€6,000-€4,000-€2,000€0Operating result 2023: -€743-€743Net result 2023: -€933-€933Operating result 2024: -€4,424-€4,424Net result 2024: -€4,566-€4,56620232024-€6,000-€4,000-€2,000€0Operating result 2023: -€743-€743Net result 2023: -€933-€933Operating result 2024: -€4,424-€4,420Net result 2024: -€4,566-€4,57020232024
The operating result stays negative: a loss of €4,424 in 2024 against €743 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €68,642
Fixed assets €55,000 ▲ 160%
Current assets €13,642 ▼ 55.1%
Equity and liabilities €68,642
Equity €44,501 ▼ 9.3%
Debt €24,141 ▲ 325%
Debt's share of the balance-sheet total rises from 10.4% to 35.2%. Equity is lower and debt is higher.
Key figures and ratios
2024 value · change against 2023
EBITDA
-€1,235
Cash flow
-€1,377
Current ratio
0.57▼
2023 · 5.35
Debt to equity
0.54▲
2023 · 0.12
ROE
-10.3%▼
2023 · -1.9%
ROA
-6.7%▼
2023 · -1.7%
Interest coverage
-8.71
Debt ≤ 1 year
€24,141▲
2023 · €5,676
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 28 lines
Balance sheet Code20232024
Assets
Total assets20/58€54,743€68,642▲
Formation expenses20€3,190-
Fixed assets21/28€21,180€55,000▲
Financial fixed assets28€21,180€55,000▲
Current assets29/58€30,373€13,642▼
Amounts receivable within one year40/41€30,343€13,235▼
Trade receivables40€2,178-
Other amounts receivable41€28,165€13,235▼
Cash at bank and in hand54/58€30€407▲
Equity and liabilities
Total equity and liabilities10/49€54,743€68,642▲
Equity10/15€49,067€44,501▼
Contributions10/11€50,000€50,000=
Profit (loss) carried forward14-€933-€5,499▼
Amounts payable17/49€5,676€24,141▲
Amounts payable within one year42/48€5,676€24,141▲
Trade debts44€2,178€387▼
Suppliers440/4€2,178€387▼
Other amounts payable47/48€3,498€23,754▲
Income statement Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€3,190
Gross operating margin9900-€743-€1,235▼
Operating profit (loss)9901-€743-€4,424▼
Financial charges65/66B€190€142▼
Recurring financial charges65€190€142▼
Profit (loss) for the period before taxes9903-€933-€4,566▼
Profit (loss) for the period9904-€933-€4,566▼
Profit (loss) for the period to be appropriated9905-€933-€4,566▼
Appropriation of the result
Profit (loss) to be appropriated9906-€933-€5,499▼
Profit (loss) brought forward from the previous period14P--€933

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20232024Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€3,190-
Gross operating margin9900-€743-€1,235▼ 66.2%
Operating profit (loss)9901-€743-€4,424▼ 496%
Financial charges65/66B€190€142▼ 25.4%
Recurring financial charges65€190€142▼ 25.4%
Profit (loss) for the period before taxes9903-€933-€4,566▼ 389%
Profit (loss) for the period9904-€933-€4,566▼ 389%
Profit (loss) for the period to be appropriated9905-€933-€4,566▼ 389%
Line20232024Change
Assets
Total assets20/58€54,743€68,642▲ 25.4%
Formation expenses20€3,190--
Fixed assets21/28€21,180€55,000▲ 160%
Financial fixed assets28€21,180€55,000▲ 160%
Current assets29/58€30,373€13,642▼ 55.1%
Amounts receivable within one year40/41€30,343€13,235▼ 56.4%
Trade receivables40€2,178--
Other amounts receivable41€28,165€13,235▼ 53.0%
Cash at bank and in hand54/58€30€407▲ 1,252%
Equity and liabilities
Total equity and liabilities10/49€54,743€68,642▲ 25.4%
Equity10/15€49,067€44,501▼ 9.3%
Contributions10/11€50,000€50,000=
Profit (loss) carried forward14-€933-€5,499▼ 489%
Amounts payable17/49€5,676€24,141▲ 325%
Amounts payable within one year42/48€5,676€24,141▲ 325%
Trade debts44€2,178€387▼ 82.2%
Suppliers440/4€2,178€387▼ 82.2%
Other amounts payable47/48€3,498€23,754▲ 579%
Line20232024Change
Profit (loss) for the period9904-€933-€4,566▼ 389%
+ Depreciation and write-downs630-€3,190-
Operating cash flow (approximation)-€933-€1,377▼ 47.5%
Investment in fixed assets (approximation)--€37,010-
Change in cash-€377-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
30-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
30-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
NBB filing
0 of 2 acts read
About the unread acts

We know of 2 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
2 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, Brussel
exact location from the address register On OpenStreetMap
Ground area
931 m²
Building footprint
173 m²
Volume, LiDAR
1,188 m³
Parcel 21818A0178/00N000, Brussels · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
4 companies at this address See who is registered here
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21818A0178/00N000 Brussels 931 m² 1 · 173 m² 8.9 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.

Structure & network

Owners and holdings

1 holding

Owners 0

The accounts to 31-12-2024 list no shareholders, and no other source names one.

Holdings 1

According to the 2024 annual accounts of SABAAL 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.

Identification & contact

Identification
Legal formPrivate limited company
Founded22-04-2022
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.