SABAX
ActiveSABAX has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €581k and a net result of €36k. Equity is growing by ~9.8% per year across the filed fiscal years. Its solvency ranks better than 87% of 2295 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▼-17
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 6.0 against 4.07 in 2024; short-term debt: 13.9% and cash: 13.2% of total assets), and 22% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sector 93
lower
← fewer bankruptcies
more bankruptcies →
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
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
78%
Return on assets
4.9%
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 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
7 d early
2023
7 d early
2022
6 d early
2021
5 d early
2020
33 d early
2019
38 d late
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€581k▲ 6.7%
2024 · €545k
2018: €350k
2019: €336k
2020: €178k
2021: €190k
2022: €257k
2023: €416k
2024: €545k
2018 → 2025
Total assets
€745k▲ 7.2%
2024 · €695k
2018: €367k
2019: €370k
2020: €235k
2021: €222k
2022: €357k
2023: €501k
2024: €695k
2018 → 2025
Net result
€36k▼ 71.8%
2024 · €129k
2018: €807
2019: €-14k
2020: €-158k
2021: €12k
2022: €67k
2023: €159k
2024: €129k
2018 → 2025
Working capital
€518k▲ 18.5%
2024 · €437k
2018: €320k
2019: €285k
2020: €151k
2021: €162k
2022: €163k
2023: €345k
2024: €437k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€190k-€257k▲ 35.2%€416k▲ 61.9%€545k▲ 30.9%€581k▲ 6.7%
Operating result€14k-€68k▲ 401%€168k▲ 148%€186k▲ 10.7%€48k▼ 74.1%
Net result€12k-€67k▲ 458%€159k▲ 138%€129k▼ 19.2%€36k▼ 71.8%
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 74% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €745k
Fixed assets
€123k▲ 7.0%
Current assets
€622k▲ 7.3%
Equity and liabilities €745k
Equity
€581k▲ 6.7%
Debt
€164k▲ 9.2%
The debt ratio rises from 21.6% to 22.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€66k▼
2024 · €215k
Cash flow
€54k▼
2024 · €157k
Solvency
78.0%▼
2024 · 78.4%
Current ratio
6.00▲
2024 · 4.07
Quick ratio
5.48▲
2024 · 3.69
Debt / equity
0.28▲
2024 · 0.28
ROE
6.2%▼
2024 · 23.6%
ROA
4.9%▼
2024 · 18.5%
Interest coverage
62.85▼
2024 · 437.08
Debt
€164k▲
2024 · €150k
Debt ≤ 1 year
€104k▼
2024 · €142k
Debt > 1 year
€56k
Income taxes
€17k▼
2024 · €62k
Staff costs
€18k▲
2024 · €17k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€695k€745k▲
Fixed assets21/28€115k€123k▲
Intangible fixed assets21€4k€3k▼
Tangible fixed assets22/27€110k€119k▲
Plant, machinery and equipment23€30k€26k▼
Furniture and vehicles24€80k€92k▲
Financial fixed assets28€2k€2k=
Current assets29/58€580k€622k▲
Stocks and contracts in progress3€53k€53k=
Stocks30/36€53k€53k=
Amounts receivable within one year40/41€390k€470k▲
Trade receivables40€285k€186k▼
Other amounts receivable41€105k€284k▲
Cash at bank and in hand54/58€102k€99k▼
Deferred charges and accrued income490/1€34k€0▼
Equity and liabilities
Total equity and liabilities10/49€695k€745k▲
Equity10/15€545k€581k▲
Contributions10/11€19k€19k=
Reserves13€526k€563k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€524k€561k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€150k€164k▲
Amounts payable after more than one year17-€56k
Financial debts170/4-€56k
Amounts payable within one year42/48€142k€104k▼
Trade debts44€24k€13k▼
Suppliers440/4€24k€13k▼
Taxes, remuneration and social security45€88k€65k▼
Taxes450/3€85k€62k▼
Remuneration and social security454/9€2k€3k▲
Other amounts payable47/48€31k€26k▼
Accrued charges and deferred income492/3€8k€4k▼
Income statement
Code20242025
Remuneration, social security and pensions62€17k€18k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€29k€18k▼
Other operating charges640/8€997€7k▲
Gross operating margin9900€233k€90k▼
Operating profit (loss)9901€186k€48k▼
Financial income75/76B€6k€6k▲
Recurring financial income75€6k€6k▲
Financial charges65/66B€491€1k▲
Recurring financial charges65€491€1k▲
Profit (loss) for the period before taxes9903€191k€53k▼
Income taxes67/77€62k€17k▼
Profit (loss) for the period9904€129k€36k▼
Profit (loss) for the period to be appropriated9905€129k€36k▼
Appropriation of the result
Profit (loss) to be appropriated9906€84k€36k▼
Profit (loss) brought forward from the previous period14P€-44k€0▲
Transfer from equity791/2€44k€0▼
Transfer to equity691/2€129k€36k▼
To other reserves6921€129k€36k▼
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €500kEq €545k ▲30.9%
4 profitable years in a row build equity to €545k.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €159k ▲138%
Net result €159k, the highest in the series.
31-12
Financial
Liquidity triplescurrent ratio 9.31
Current ratio from 2.67 to 9.31; short-term debt falls from €98k to €41k.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200kEq €257k ▲35.2%
2 profitable years in a row build equity to €257k.
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €12k
Net result €12k after 2 loss-making years.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-158k
Net result drops to €-158k, the lowest in the series; recovery starts the following year.
07-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 38 days late
2019
25-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 56 days late
2018
17-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 48 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Meise · 1 establishment unit since 2002
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
's Herenweg 111860 MeiseGround area
9,663 m²
Building footprint
1,549 m²
Volume, LiDAR
9,932 m³
Parcel 23050D0180/00Y000, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
's Herenweg 11, 1860 Meise
since 20022.094.597.412
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23050D0180/00Y000 | Flanders | 9,663 m² | 1 · 1,549 m² | 10.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,292 companies in sector 93110 we hold annual accounts for 1,495. 990 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded23-10-2001
Fiscal year end31-12
Activities, NACEBEL
92611
93110Operation of sports facilities
93199Other sports activities
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.