Sabel
ActiveSummary
The computed 12-month bankruptcy probability of Sabel is 1.7% (moderate). The 2025 annual accounts show equity of €16,766 and a net result of -€6,920. Equity is growing by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 46% of 4709 sector peers (fiscal year 2025). The company has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability1▲+1
Solvency59▼-41
Growth52=
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity short (current ratio 0.46 against 1.31 in 2024; short-term debt: 14.3% and cash: 3.5% of total assets), and 65.6% 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 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← 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
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 2025Solvency, return and age of the figures
Solvency
34.4%
Return on assets
-14.2%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€6,920
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 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 · 10 filingsDeviation from the deadline
2025
29 d late
2024
25 d late
2023
28 d late
2022
6 d early
2021
28 d late
2020
31 d late
2019
92 d late
← 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 32 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% 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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
In the rankings
#2 oldest company in Anderlecht, Transport and storage sector
Equity
€16,766▼ 29.2%
2024 · €23,685
Total assets
€48,734▲ 84.0%
2024 · €26,489
Net result
-€6,920▼ 24.7%
2024 · -€5,551
Working capital
-€3,757
2024 · €873
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, 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€7,653▲ 25.8%-€1,805€2,641-€4,898-€6,096▼ 24.5%
Net result€7,225within the sector's middle half▲ 25.1%-€2,491below the sector's middle half€1,823within the sector's middle half-€5,551below the sector's middle half-€6,920below the sector's middle half▼ 24.7%
Equity€29,905within the sector's middle half▲ 31.9%€27,414within the sector's middle half▼ 8.3%€29,236within the sector's middle half▲ 6.6%€23,685within the sector's middle half▼ 19.0%€16,766within the sector's middle half▼ 29.2%
Total assets€36,061below the sector's middle half▲ 12.9%€33,003below the sector's middle half▼ 8.5%€31,648below the sector's middle half▼ 4.1%€26,489below the sector's middle half▼ 16.3%€48,734within the sector's middle half▲ 84.0%
Debt€6,157▼ 33.6%€5,590▼ 9.2%€2,411▼ 56.9%€2,803▲ 16.2%€31,969▲ 1,040%
Working capital€6,337within the sector's middle half€4,608within the sector's middle half▼ 27.3%€4,083within the sector's middle half▼ 11.4%€873within the sector's middle half▼ 78.6%-€3,757within the sector's middle half
Solvency82.9%above the sector's middle half▲ 11.9pp83.1%above the sector's middle half▲ 0.1pp92.4%above the sector's middle half▲ 9.3pp89.4%above the sector's middle half▼ 3.0pp34.4%within the sector's middle half▼ 55.0pp
Current ratio3.01above the sector's middle half▲ 2.302.78above the sector's middle half▼ 0.232.69above the sector's middle half▼ 0.091.31within the sector's middle half▼ 1.380.46below the sector's middle half▼ 0.85
Return on assets (ROA)20.0%above the sector's middle half▲ 2.0pp-7.5%below the sector's middle half▼ 27.6pp5.8%within the sector's middle half▲ 13.3pp-21.0%below the sector's middle half▼ 26.7pp-14.2%below the sector's middle half▲ 6.8pp
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6,096 in 2025 against €4,898 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €48,734
Fixed assets
€45,522 ▲ 99.6%
Current assets
€3,212 ▼ 12.6%
Equity and liabilities €48,734
Equity
€16,766 ▼ 29.2%
Debt
€31,969 ▲ 1,040%
Debt's share of the balance-sheet total rises from 10.6% to 65.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€2,206▲
2024 · -€2,558
Cash flow
-€3,030▲
2024 · -€3,210
Debt to equity
1.91▲
2024 · 0.12
ROE
-41.3%▼
2024 · -23.4%
Interest coverage
-3.16▲
2024 · -3.90
Debt ≤ 1 year
€6,969▲
2024 · €2,803
Debt > 1 year
€25,000
Income taxes
€125▲
2024 · €2
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,836 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.5%
went bankrupt
13%
stopped otherwise
84%
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 1.7% 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 497,662 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% | 1.7% |
| 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 75% 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 5,836 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,763 | €4,605 | €2,137 | €2,341 | €3,890 | ▲ 66.2% |
| Other operating charges640/8 | €615 | €993 | €1,309 | €1,234 | €1,532 | ▲ 24.1% |
| Gross operating margin9900 | €12,031 | €3,793 | €6,088 | -€1,323 | -€674 | ▲ 49.1% |
| Operating profit (loss)9901 | €7,653 | -€1,805 | €2,641 | -€4,898 | -€6,096 | ▼ 24.5% |
| Financial income75/76B | - | €0 | €3 | €6 | €0 | ▼ 94.3% |
| Recurring financial income75 | - | €0 | €3 | €6 | €0 | ▼ 94.3% |
| Financial charges65/66B | €427 | €686 | €821 | €656 | €698 | ▲ 6.4% |
| Recurring financial charges65 | €427 | €686 | €821 | €656 | €698 | ▲ 6.4% |
| Profit (loss) for the period before taxes9903 | €7,225 | -€2,491 | €1,823 | -€5,549 | -€6,794 | ▼ 22.4% |
| Income taxes67/77 | - | - | €1 | €2 | €125 | ▲ 7,069% |
| Profit (loss) for the period9904 | €7,225 | -€2,491 | €1,823 | -€5,551 | -€6,920 | ▼ 24.7% |
| Profit (loss) for the period to be appropriated9905 | €7,225 | -€2,491 | €1,823 | -€5,551 | -€6,920 | ▼ 24.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €36,061 | €33,003 | €31,648 | €26,489 | €48,734 | ▲ 84.0% |
| Fixed assets21/28 | €26,568 | €25,806 | €25,153 | €22,812 | €45,522 | ▲ 99.6% |
| Intangible fixed assets21 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Tangible fixed assets22/27 | €6,288 | €5,526 | €4,873 | €2,532 | €25,442 | ▲ 905% |
| Plant, machinery and equipment23 | - | €2,041 | €2,421 | €1,113 | €204 | ▼ 81.7% |
| Furniture and vehicles24 | €6,288 | €3,484 | €2,452 | €1,419 | €25,239 | ▲ 1,678% |
| Financial fixed assets28 | €280 | €280 | €280 | €280 | €80 | ▼ 71.4% |
| Current assets29/58 | €9,493 | €7,198 | €6,495 | €3,676 | €3,212 | ▼ 12.6% |
| Amounts receivable within one year40/41 | €1,003 | €83 | €6 | - | €60 | - |
| Trade receivables40 | €81 | €2 | €6 | - | €44 | - |
| Other amounts receivable41 | €922 | €81 | - | - | €16 | - |
| Cash at bank and in hand54/58 | €7,399 | €5,982 | €5,413 | €2,550 | €1,726 | ▼ 32.3% |
| Deferred charges and accrued income490/1 | €1,092 | €1,133 | €1,076 | €1,126 | €1,427 | ▲ 26.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €36,061 | €33,003 | €31,648 | €26,489 | €48,734 | ▲ 84.0% |
| Equity10/15 | €29,905 | €27,414 | €29,236 | €23,685 | €16,766 | ▼ 29.2% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €352 | €352 | €352 | €352 | €352 | = |
| Non-distributable reserves130/1 | €352 | €352 | €352 | €352 | €352 | = |
| Reserves not available under the articles1311 | €352 | €352 | €352 | €352 | €352 | = |
| Profit (loss) carried forward14 | €10,961 | €8,470 | €10,292 | €4,741 | -€2,178 | ▼ 146% |
| Amounts payable17/49 | €6,157 | €5,590 | €2,411 | €2,803 | €31,969 | ▲ 1,040% |
| Amounts payable after more than one year17 | €3,000 | €3,000 | - | - | €25,000 | - |
| Other amounts payable178/9 | €3,000 | €3,000 | - | - | €25,000 | - |
| Amounts payable within one year42/48 | €3,157 | €2,590 | €2,411 | €2,803 | €6,969 | ▲ 149% |
| Trade debts44 | €256 | €706 | €772 | €1,995 | €1,912 | ▼ 4.2% |
| Suppliers440/4 | €256 | €706 | €772 | €1,995 | €1,912 | ▼ 4.2% |
| Taxes, remuneration and social security45 | €308 | €231 | €946 | €452 | €710 | ▲ 57.2% |
| Taxes450/3 | €308 | €231 | €946 | €452 | €710 | ▲ 57.2% |
| Other amounts payable47/48 | €2,593 | €1,653 | €694 | €356 | €4,347 | ▲ 1,120% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,225 | -€2,491 | €1,823 | -€5,551 | -€6,920 | ▼ 24.7% |
| + Depreciation and write-downs630 | €3,763 | €4,605 | €2,137 | €2,341 | €3,890 | ▲ 66.2% |
| Operating cash flow (approximation) | €10,989 | €2,114 | €3,960 | -€3,210 | -€3,030 | ▲ 5.6% |
| Investment in fixed assets (approximation) | - | -€3,842 | -€1,485 | €0 | -€26,600 | - |
| Change in cash | - | -€1,418 | -€569 | -€2,863 | -€825 | ▲ 71.2% |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
31-12
Financial
Weakest financial yearnet -€6,920
Net result drops to -€6,920, the lowest in the series.
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 25 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Back to profitnet €1,823
Net result €1,823 after one loss-making year.
25-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 28 days late
2021
31-12
Financial
Highest result since 2018net €7,225 ▲25.1%
Operating result €7,653, net result €7,225, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 3.01
Current ratio from 0.71 to 3.01; short-term debt falls from €6,272 to €3,157.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
02-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 2 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Anderlecht · 1 establishment unit since 1983
Ground area
131 m²
Building footprint
118 m²
Volume, LiDAR
1,348 m³
Parcel 21308H0716/00F002, Brussels · tallest building 12.6 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
AGGLOMERATION BRUXELLOISE, 1000 Brussel
since 19832.022.341.716
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21308H0716/00F002 | Brussels | 131 m² | 1 · 118 m² | 12.6 m · 4 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.
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Turnhout · Eq €16,808
MOBIL O TOP
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LANADIA
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Of 6,684 companies in sector 49330 we hold annual accounts for 2,299. 1,986 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 (pre-2019)
Founded07-04-1983
Fiscal year end31-12
Activities, NACEBEL 2025
49330On-demand passenger transport by chauffeured vehicle
E-invoicing
Reachable via Peppol
Peppol ID
0208:0423946121
Also
0208:423946121
Also
9925:BE0423946121
Registered
03-02-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.