Equity
Equity fell by 67% in 4 years.
Equity fell by 67% in 4 years.
Every financial year from 2022 to 2025 closed with a loss. 2022 was the heaviest.
The micro format states no turnover.
In 2025, 300 people joined and 397 left.
Six of the last ten came late. The 2025 accounts came latest: 35 days after the end of the period.
Lower net result than 87% of companies in food and beverage service. Sector median €4,882 · 17,031 companies.
The dashed line is the sector median: 1.8% across 23,779 companies (NACE 56, micro).
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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 (NACE 56, micro). It does better than 66% of them on solvency, 77% on liquidity, 8% on profitability and 21% on growth.
The bankruptcy probability was computed on 04-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 4,805 companies had the same profile as SABATO has now. Each dot stands for 13 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SABATO itself: 0.7% within 12 months.
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,805 companies, not a prediction for SABATO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 1.51 (1.71 in 2024), above the usual 1.5. Short-term debt is 52.2% and cash 64.1% of total assets. However, 52.2% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 14 days after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| SABATO Fleurus | €101,554 | €201,323 | 47.8% | - |
| GMAX La Hulpe | €102,854 | €175,453 | 73.4% | - |
| CROCANTINOS Genk | €92,469 | €198,456 | 52.1% | 5.9 |
| DELICOFFEE LLN Ottignies-Louvain-la-Neuve | €106,207 | €191,371 | -1084.7% | 6.7 |
| Bruchoc Bruges | €106,911 | €190,949 | 6.2% | - |
| PIZZA FRESCA Woluwe-Saint-Pierre | €113,426 | €166,653 | 70.8% | - |
| STG LA LOUVE La Louvière | €133,341 | €212,669 | 47.3% | - |
These companies have the same main activity as SABATO: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €92,500 and €133,000, founded between 2005 and 2011.
SABATO files the micro format. That format states no turnover. The gross margin rose from €17,292 in 2009 to €201,323 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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