SABAH
ActiveSummary
The computed 12-month bankruptcy probability of SABAH is 4.2% (elevated). The 2025 annual accounts show equity of €8,335 and a net result of €3,236. Equity is growing by ~101.9% per year across the filed fiscal years. Its solvency ranks better than 74% of 13560 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
59
/ 100
Fair
An elevated bankruptcy probability caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability97▲+30
Solvency83▲+25
Growth85=
Track record94
Bankruptcy probability, 12 months
4.2%
Elevated
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.23 against 0.48 in 2024; short-term debt: 41.6% and cash: 41.7% of total assets), and 41.6% of the assets are financed with debt.
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Signals
Four 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 →
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
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
58.4%
Return on assets
22.7%
Age of the figures
9 mo
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 24-07-2026, 7 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
7 d early
2024
12 d late
2023
63 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 23 days after 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Turnover
€87,427▲ 476%
2023 · €15,182
EBIT margin
1.4%▲ 73.5pp
2023 · -72.0%
Net result
€3,236▲ 221%
2024 · €1,008
Working capital
€1,367
2024 · -€4,191
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
Line202320242025
Turnover€15,182-€87,427▲ 476%
Operating result-€10,935-€1,260€3,697▲ 193%
Net result-€11,031-€1,008€3,236▲ 221%
EBIT margin-72.0%-1.4%▲ 73.5pp
Equity-€8,031-€4,008€8,335▲ 108%
Total assets€11,134-€12,036▲ 8.1%€14,283▲ 18.7%
Debt€19,164-€8,028▼ 58.1%€5,948▼ 25.9%
Working capital-€17,321--€4,191▲ 75.8%€1,367
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 193% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €14,283
Fixed assets
€6,968 ▼ 15.0%
Current assets
€7,315 ▲ 90.6%
Equity and liabilities €14,283
Equity
€8,335 ▲ 108%
Debt
€5,948 ▼ 25.9%
Debt's share of the balance-sheet total falls from 66.7% to 41.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€6,019▲
2024 · €4,674
Cash flow
€5,558▲
2024 · €4,422
Current ratio
1.23▲
2024 · 0.48
Quick ratio
1.07▲
2024 · 0.37
Debt to equity
0.71▼
2024 · 2.00
ROE
38.8%▲
2024 · 25.1%
ROA
22.7%▲
2024 · 8.4%
Interest coverage
100.32▲
2024 · 18.53
Debt ≤ 1 year
€5,948▼
2024 · €8,028
Income taxes
€401
Staff costs
€13,523▼
2024 · €22,193
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 4.2% 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 497,058 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 39,275 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 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Turnover70 | €15,182 | €87,427 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €21,016 | €60,560 | - | - |
| Remuneration, social security and pensions62 | €2,778 | €22,193 | €13,523 | ▼ 39.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,323 | €3,414 | €2,323 | ▼ 32.0% |
| Other operating charges640/8 | - | - | €1,701 | - |
| Gross operating margin9900 | -€5,834 | €26,867 | €21,243 | ▼ 20.9% |
| Operating profit (loss)9901 | -€10,935 | €1,260 | €3,697 | ▲ 193% |
| Financial charges65/66B | €96 | €252 | €60 | ▼ 76.2% |
| Recurring financial charges65 | €96 | €252 | €60 | ▼ 76.2% |
| Profit (loss) for the period before taxes9903 | -€11,031 | €1,008 | €3,637 | ▲ 261% |
| Income taxes67/77 | - | - | €401 | - |
| Profit (loss) for the period9904 | -€11,031 | €1,008 | €3,236 | ▲ 221% |
| Profit (loss) for the period to be appropriated9905 | -€11,031 | €1,008 | €3,236 | ▲ 221% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €11,134 | €12,036 | €14,283 | ▲ 18.7% |
| Fixed assets21/28 | €9,290 | €8,199 | €6,968 | ▼ 15.0% |
| Tangible fixed assets22/27 | €9,290 | €8,199 | €6,968 | ▼ 15.0% |
| Furniture and vehicles24 | €9,290 | €8,199 | €6,968 | ▼ 15.0% |
| Current assets29/58 | €1,844 | €3,837 | €7,315 | ▲ 90.6% |
| Stocks and contracts in progress3 | - | €844 | €939 | ▲ 11.3% |
| Stocks30/36 | - | €844 | €939 | ▲ 11.3% |
| Amounts receivable within one year40/41 | €1,445 | €345 | €417 | ▲ 20.6% |
| Other amounts receivable41 | €1,445 | €345 | €417 | ▲ 20.6% |
| Cash at bank and in hand54/58 | €398 | €2,648 | €5,959 | ▲ 125% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €11,134 | €12,036 | €14,283 | ▲ 18.7% |
| Equity10/15 | -€8,031 | €4,008 | €8,335 | ▲ 108% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | -€11,031 | €1,008 | €5,335 | ▲ 429% |
| Amounts payable17/49 | €19,164 | €8,028 | €5,948 | ▼ 25.9% |
| Amounts payable within one year42/48 | €19,164 | €8,028 | €5,948 | ▼ 25.9% |
| Trade debts44 | €2,636 | €518 | €120 | ▼ 76.8% |
| Suppliers440/4 | €2,636 | €518 | €120 | ▼ 76.8% |
| Taxes, remuneration and social security45 | - | - | €1,322 | - |
| Remuneration and social security454/9 | - | - | €1,322 | - |
| Other amounts payable47/48 | €16,528 | €7,510 | €4,506 | ▼ 40.0% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€11,031 | €1,008 | €3,236 | ▲ 221% |
| + Depreciation and write-downs630 | €2,323 | €3,414 | €2,323 | ▼ 32.0% |
| Operating cash flow (approximation) | -€8,708 | €4,422 | €5,558 | ▲ 25.7% |
| Investment in fixed assets (approximation) | - | -€2,323 | -€1,091 | ▲ 53.0% |
| Change in cash | - | €2,249 | €3,312 | ▲ 47.3% |
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
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2023net €3,236 ▲221%
Operating result €3,697, net result €3,236, both a record.
31-12
Financial
Liquidity triplescurrent ratio 1.23
Current ratio from 0.48 to 1.23; short-term debt falls from €8,028 to €5,948.
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 12 days late
2024
31-12
Financial
Back to profitnet €1,008
Net result €1,008 after one loss-making year.
02-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 63 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Antwerpen · 1 establishment unit since 2023
Ground area
154 m²
Building footprint
121 m²
Volume, LiDAR
995 m³
Parcel 11383B0606/00W004, Flanders · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
SABAH
since 20232.347.443.550
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11383B0606/00W004 | Flanders | 154 m² | 1 · 121 m² | 10.6 m · 3 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Recognitions · licences · registrations
Food safety, FASFC
1 siteAntwerpen2.347.443.550
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TERNELL'S
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Of 20,506 companies in sector 56111 we hold annual accounts for 11,454. 6,490 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
Founded13-07-2023
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
53100Postal and courier activities
56210Event catering
E-invoicing
Reachable via Peppol
Peppol ID
0208:0803936493
Also
9925:BE0803936493
Registered
26-11-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.