Summary
SABES has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €3.07M and a net result of €182k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 72% of 11389 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 28-05-2026, 64 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
64 d early
2024
35 d early
2023
37 d early
2022
147 d early
2021
62 d early
2020
36 d early
2019
8 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€3.07M▼ 12.0%
2024 · €3.49M
2018: €289klowest in 8 years
2019: €398k▲ +37.5% vs 2018
2020: €547k▲ +37.4% vs 2019
2021: €492k▼ -10.1% vs 2020
2022: €419k▼ -14.9% vs 2021
2023: €506k▲ +21.0% vs 2022
2024: €3.49M▲ +590% vs 2023highest in 8 years
2025: €3.07M▼ -12.0% vs 2024
2018 → 2025
Total assets
€4.41M▲ 1.1%
2024 · €4.37M
2018: €459klowest in 8 years
2019: €495k▲ +7.9% vs 2018
2020: €647k▲ +30.5% vs 2019
2021: €927k▲ +43.4% vs 2020
2022: €1.14M▲ +22.6% vs 2021
2023: €1.47M▲ +28.9% vs 2022
2024: €4.37M▲ +198% vs 2023
2025: €4.41M▲ +1.1% vs 2024highest in 8 years
2018 → 2025
Net result
€182k▼ 94.4%
2024 · €3.26M
2018: €103k
2019: €108k▲ +5.7% vs 2018
2020: €136k▲ +25.7% vs 2019
2021: €145k▲ +6.4% vs 2020
2022: €92k▼ -36.7% vs 2021lowest in 8 years
2023: €142k▲ +54.5% vs 2022
2024: €3.26M▲ +2202% vs 2023highest in 8 years
2025: €182k▼ -94.4% vs 2024
2018 → 2025
Working capital
€-101k
2024 · €359k
2018: €263k
2019: €362k▲ +37.7% vs 2018highest in 8 years
2020: €107k▼ -70.6% vs 2019
2021: €212k▲ +98.7% vs 2020
2022: €297k▲ +40.0% vs 2021
2023: €220k▼ -25.7% vs 2022
2024: €359k▲ +62.7% vs 2023
2025: €-101k▼ -128% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€492k-€419k▼ 14.9%€506k▲ 21.0%€3.49M▲ 590%€3.07M▼ 12.0%
2021: €492k
2022: €419k▼ -14.9% vs 2021lowest in 5 years
2023: €506k▲ +21.0% vs 2022
2024: €3.49M▲ +590% vs 2023highest in 5 years
2025: €3.07M▼ -12.0% vs 2024
Operating result€188k-€128k▼ 32.0%€200k▲ 56.4%€3.47M▲ 1,636%€234k▼ 93.3%
2021: €188k
2022: €128k▼ -32.0% vs 2021lowest in 5 years
2023: €200k▲ +56.4% vs 2022
2024: €3.47M▲ +1636% vs 2023highest in 5 years
2025: €234k▼ -93.3% vs 2024
Net result€145k-€92k▼ 36.7%€142k▲ 54.5%€3.26M▲ 2,202%€182k▼ 94.4%
2021: €145k
2022: €92k▼ -36.7% vs 2021lowest in 5 years
2023: €142k▲ +54.5% vs 2022
2024: €3.26M▲ +2202% vs 2023highest in 5 years
2025: €182k▼ -94.4% vs 2024
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 93% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.41M
Fixed assets
€3.97M ▲ 1.5%
Current assets
€440k ▼ 3.2%
Equity and liabilities €4.41M
Equity
€3.07M ▼ 12.0%
Debt
€1.34M ▲ 53.3%
Debt's share of the balance-sheet total rises from 20.0% to 30.3%. Equity is lower and debt is higher.
Key figures and ratios
ROE
5.9%▼
2024 · 93.4%
ROA
4.1%▼
2024 · 74.8%
Debt ≤ 1 year
€541k▲
2024 · €96k
Debt > 1 year
€797k▲
2024 · €777k
Income taxes
€59k▼
2024 · €117k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€4.37M€4.41M▲
Fixed assets21/28€3.91M€3.97M▲
Tangible fixed assets22/27€661k€722k▲
Land and buildings22€576k€556k▼
Furniture and vehicles24€83k€163k▲
Other tangible fixed assets26€3k€2k▼
Financial fixed assets28€3.25M€3.25M=
Current assets29/58€454k€440k▼
Amounts receivable within one year40/41€103k€95k▼
Trade receivables40€89k€94k▲
Other amounts receivable41€14k€1k▼
Current investments50/53€308k€264k▼
Cash at bank and in hand54/58€40k€76k▲
Deferred charges and accrued income490/1€4k€6k▲
Equity and liabilities
Total equity and liabilities10/49€4.37M€4.41M▲
Equity10/15€3.49M€3.07M▼
Contributions10/11€19k€19k=
Reserves13€3.47M€3.05M▼
Tax-exempt reserves132€238k€166k▼
Distributable reserves133€3.24M€2.89M▼
Amounts payable17/49€873k€1.34M▲
Amounts payable after more than one year17€777k€797k▲
Financial debts170/4€777k€797k▲
Amounts payable within one year42/48€96k€541k▲
Current portion of amounts payable after more than one year42€55k€71k▲
Trade debts44€2k€2k▲
Suppliers440/4€2k€2k▲
Taxes, remuneration and social security45€37k€48k▲
Taxes450/3€33k€44k▲
Remuneration and social security454/9€5k€5k=
Other amounts payable47/48€1k€419k▲
Accrued charges and deferred income492/3€40€560▲
Income statement
Code20242025
Non-recurring operating income76A€2.99M-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38k€49k▲
Other operating charges640/8€176€3k▲
Gross operating margin9900€3.51M€286k▼
Operating profit (loss)9901€3.47M€234k▼
Financial income75/76B€59k€19k▼
Recurring financial income75€59k€19k▼
Financial charges65/66B€147k€12k▼
Recurring financial charges65€11k€12k▲
Non-recurring financial charges66B€136k-
Profit (loss) for the period before taxes9903€3.38M€240k▼
Income taxes67/77€117k€59k▼
Profit (loss) for the period9904€3.26M€182k▼
Transfer from tax-exempt reserves789-€72k
Transfer to tax-exempt reserves689€122k-
Profit (loss) for the period to be appropriated9905€3.14M€253k▼
Appropriation of the result
Profit (loss) to be appropriated9906€3.14M€253k▼
Transfer from equity791/2€277k€483k▲
Transfer to equity691/2€3.14M€135k▼
To other reserves6921€3.14M€135k▼
Profit to be distributed694/7€277k€601k▲
Return on contributions (dividend)694€277k€601k▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €17k | €2.99M | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28k | €27k | €13k | €38k | €49k | ▲ 29.4% |
| Other operating charges640/8 | €111 | €7k | €115 | €176 | €3k | ▲ 1,337% |
| Gross operating margin9900 | €216k | €162k | €213k | €3.51M | €286k | ▼ 91.9% |
| Operating profit (loss)9901 | €188k | €128k | €200k | €3.47M | €234k | ▼ 93.3% |
| Financial income75/76B | - | €547 | €5k | €59k | €19k | ▼ 68.5% |
| Recurring financial income75 | - | €547 | €5k | €59k | €19k | ▼ 68.5% |
| Financial charges65/66B | €523 | €4k | €8k | €147k | €12k | ▼ 91.6% |
| Recurring financial charges65 | €523 | €4k | €8k | €11k | €12k | ▲ 11.8% |
| Non-recurring financial charges66B | - | - | - | €136k | - | - |
| Profit (loss) for the period before taxes9903 | €187k | €124k | €197k | €3.38M | €240k | ▼ 92.9% |
| Income taxes67/77 | €42k | €32k | €55k | €117k | €59k | ▼ 50.1% |
| Profit (loss) for the period9904 | €145k | €92k | €142k | €3.26M | €182k | ▼ 94.4% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €72k | - |
| Transfer to tax-exempt reserves689 | €72k | €27k | €44k | €122k | - | - |
| Profit (loss) for the period to be appropriated9905 | €73k | €64k | €98k | €3.14M | €253k | ▼ 91.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €927k | €1.14M | €1.47M | €4.37M | €4.41M | ▲ 1.1% |
| Fixed assets21/28 | €445k | €746k | €1.12M | €3.91M | €3.97M | ▲ 1.5% |
| Tangible fixed assets22/27 | €54k | €355k | €724k | €661k | €722k | ▲ 9.1% |
| Land and buildings22 | - | €327k | €618k | €576k | €556k | ▼ 3.3% |
| Furniture and vehicles24 | €50k | €24k | €103k | €83k | €163k | ▲ 96.1% |
| Other tangible fixed assets26 | €4k | €4k | €3k | €3k | €2k | ▼ 13.4% |
| Financial fixed assets28 | €391k | €391k | €394k | €3.25M | €3.25M | = |
| Current assets29/58 | €482k | €391k | €347k | €454k | €440k | ▼ 3.2% |
| Amounts receivable within one year40/41 | €113k | €22k | €30k | €103k | €95k | ▼ 8.2% |
| Trade receivables40 | €88k | €22k | €30k | €89k | €94k | ▲ 5.2% |
| Other amounts receivable41 | €25k | - | €1 | €14k | €1k | ▼ 92.5% |
| Current investments50/53 | - | €115k | €236k | €308k | €264k | ▼ 14.2% |
| Cash at bank and in hand54/58 | €368k | €234k | €66k | €40k | €76k | ▲ 90.2% |
| Deferred charges and accrued income490/1 | €1k | €20k | €16k | €4k | €6k | ▲ 45.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €927k | €1.14M | €1.47M | €4.37M | €4.41M | ▲ 1.1% |
| Equity10/15 | €492k | €419k | €506k | €3.49M | €3.07M | ▼ 12.0% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €473k | €400k | €488k | €3.47M | €3.05M | ▼ 12.1% |
| Non-distributable reserves130/1 | €2k | - | - | - | - | - |
| Reserves not available under the articles1311 | €2k | - | - | - | - | - |
| Tax-exempt reserves132 | €72k | €99k | €143k | €238k | €166k | ▼ 30.1% |
| Distributable reserves133 | €400k | €301k | €345k | €3.24M | €2.89M | ▼ 10.7% |
| Amounts payable17/49 | €435k | €719k | €959k | €873k | €1.34M | ▲ 53.3% |
| Amounts payable after more than one year17 | €165k | €623k | €832k | €777k | €797k | ▲ 2.6% |
| Financial debts170/4 | €165k | €623k | €832k | €777k | €797k | ▲ 2.6% |
| Amounts payable within one year42/48 | €270k | €95k | €127k | €96k | €541k | ▲ 465% |
| Current portion of amounts payable after more than one year42 | €11k | €7k | €54k | €55k | €71k | ▲ 28.0% |
| Trade debts44 | €818 | €2k | €4k | €2k | €2k | ▲ 14.3% |
| Suppliers440/4 | €818 | €2k | €4k | €2k | €2k | ▲ 14.3% |
| Taxes, remuneration and social security45 | €70k | €29k | €45k | €37k | €48k | ▲ 29.4% |
| Taxes450/3 | €66k | €24k | €41k | €33k | €44k | ▲ 33.6% |
| Remuneration and social security454/9 | €5k | €5k | €5k | €5k | €5k | = |
| Other amounts payable47/48 | €187k | €57k | €23k | €1k | €419k | ▲ 41,348% |
| Accrued charges and deferred income492/3 | €400 | €560 | €744 | €40 | €560 | ▲ 1,300% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €145k | €92k | €142k | €3.26M | €182k | ▼ 94.4% |
| + Depreciation and write-downs630 | €28k | €27k | €13k | €38k | €49k | ▲ 29.4% |
| Operating cash flow (approximation) | €173k | €118k | €155k | €3.30M | €231k | ▼ 93.0% |
| Investment in fixed assets (approximation) | - | €-327k | €-386k | €-2.83M | €-110k | ▲ 96.1% |
| Change in cash | - | €-134k | €-168k | €-26k | €36k | ▲ 239% |
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
28-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €3.26M ▲2,202%
Operating result €3.47M, net result €3.26M, both a record.
31-12
Financial
Equity above €2MEq €3.49M ▲590%
7 profitable years in a row build equity to €3.49M.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €500kEq €506k ▲21%
6 profitable years in a row build equity to €506k.
06-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €92k ▼36.7%
Net result drops to €92k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 4.14
Current ratio from 1.79 to 4.14; short-term debt falls from €270k to €95k.
30-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €500kEq €547k ▲37.4%
3 profitable years in a row build equity to €547k.
Show earlier events
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 28 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.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Brugge · 1 establishment unit since 2016
Ground area
982 m²
Building footprint
137 m²
Volume, LiDAR
796 m³
Parcel 31030A0153/00N004, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SABES
since 20162.249.315.479
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31030A0153/00N004 | Flanders | 982 m² | 1 · 137 m² | 9.1 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.
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Of 6,155 companies in sector 46190 we hold annual accounts for 2,571. 622 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
Founded11-01-2016
Fiscal year end31-12
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
62200Computer consultancy and computer facilities management
64210Activities of holding companies
70200Business and other management consultancy
73300Public relations and communication consultancy
Scores and ratios are computed by Checked and are not a credit decision.