SABICOR
ActiveSummary
SABICOR has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.5m and a net result of €99,420. Equity is growing by ~19.4% per year across the filed fiscal years. Its solvency ranks better than 73% of 720 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
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Signals
This company filed its last 7 accounts on average 12 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, full schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 14,732 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
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 14,732 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €966,440 | €1.3m | €1.9m | €2.0m | €2.1m | ▲ 2.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €158,302 | €157,241 | €160,727 | €166,480 | €146,483 | ▼ 12.0% |
| Other operating charges640/8 | €18,533 | €14,227 | €16,179 | €17,169 | €14,295 | ▼ 16.7% |
| Gross operating margin9900 | €1.3m | €1.8m | €2.4m | €2.5m | €2.3m | ▼ 6.0% |
| Operating profit (loss)9901 | €108,794 | €364,876 | €304,451 | €278,837 | €111,156 | ▼ 60.1% |
| Financial income75/76B | €139 | €23 | €92 | €9,410 | €10,074 | ▲ 7.1% |
| Recurring financial income75 | €139 | €23 | €92 | €9,410 | €10,074 | ▲ 7.1% |
| Financial charges65/66B | €31,556 | €30,201 | €25,300 | €16,751 | €14,026 | ▼ 16.3% |
| Recurring financial charges65 | €31,556 | €30,201 | €25,300 | €16,751 | €14,026 | ▼ 16.3% |
| Profit (loss) for the period before taxes9903 | €77,377 | €334,698 | €279,243 | €271,496 | €107,204 | ▼ 60.5% |
| Income taxes67/77 | €6,896 | €96,859 | €114,632 | €88,313 | €7,784 | ▼ 91.2% |
| Profit (loss) for the period9904 | €70,481 | €237,838 | €164,611 | €183,183 | €99,420 | ▼ 45.7% |
| Transfer from tax-exempt reserves789 | €62,000 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €132,481 | €237,838 | €164,611 | €183,183 | €99,420 | ▼ 45.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.3m | €2.3m | €2.1m | €2.3m | €2.1m | ▼ 6.4% |
| Fixed assets21/28 | €1.5m | €1.3m | €1.2m | €1.1m | €1.0m | ▼ 12.1% |
| Tangible fixed assets22/27 | €1.5m | €1.3m | €1.2m | €1.1m | €1.0m | ▼ 12.1% |
| Land and buildings22 | €1.2m | €1.2m | €1.1m | €961,929 | €867,754 | ▼ 9.8% |
| Plant, machinery and equipment23 | €122,915 | €86,484 | €54,136 | €155,392 | €128,490 | ▼ 17.3% |
| Furniture and vehicles24 | €89,708 | €67,233 | €45,054 | €21,765 | €4,461 | ▼ 79.5% |
| Financial fixed assets28 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Current assets29/58 | €812,360 | €1.0m | €967,239 | €1.1m | €1.1m | ▼ 0.5% |
| Amounts receivable within one year40/41 | €243,416 | €585,557 | €495,539 | €702,134 | €774,722 | ▲ 10.3% |
| Trade receivables40 | €1,856 | €347,173 | €169,793 | €311,624 | €332,553 | ▲ 6.7% |
| Other amounts receivable41 | €241,560 | €238,384 | €325,746 | €390,510 | €442,169 | ▲ 13.2% |
| Current investments50/53 | - | - | €300,000 | €300,000 | €150,000 | ▼ 50.0% |
| Cash at bank and in hand54/58 | €506,497 | €400,813 | €170,883 | €103,435 | €177,802 | ▲ 71.9% |
| Deferred charges and accrued income490/1 | €62,447 | €44,301 | €817 | €14,964 | €12,482 | ▼ 16.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.3m | €2.3m | €2.1m | €2.3m | €2.1m | ▼ 6.4% |
| Equity10/15 | €783,535 | €1.0m | €1.2m | €1.4m | €1.5m | ▲ 7.3% |
| Contributions10/11 | €61,974 | €61,974 | €61,974 | €61,974 | €61,974 | = |
| Capital10 | €61,974 | €61,974 | €61,974 | €61,974 | €61,974 | = |
| Issued capital100 | €61,974 | €61,974 | €61,974 | €61,974 | €61,974 | = |
| Revaluation surpluses12 | €336,000 | €161,333 | €145,333 | €145,333 | €97,333 | ▼ 33.0% |
| Reserves13 | €132,198 | €306,865 | €486,865 | €666,865 | €714,865 | ▲ 7.2% |
| Non-distributable reserves130/1 | €6,198 | €6,198 | €6,198 | €6,198 | €6,198 | = |
| Legal reserve130 | €6,198 | €6,198 | €6,198 | €6,198 | €6,198 | = |
| Distributable reserves133 | €126,000 | €300,667 | €480,667 | €660,667 | €708,667 | ▲ 7.3% |
| Profit (loss) carried forward14 | €253,364 | €491,202 | €491,813 | €494,996 | €594,416 | ▲ 20.1% |
| Amounts payable17/49 | €1.5m | €1.3m | €937,547 | €891,451 | €648,123 | ▼ 27.3% |
| Amounts payable after more than one year17 | €462,696 | €383,141 | €146,904 | €104,889 | €63,733 | ▼ 39.2% |
| Financial debts170/4 | €462,696 | €383,141 | €146,904 | €104,889 | €63,733 | ▼ 39.2% |
| Amounts payable within one year42/48 | €870,544 | €791,628 | €679,390 | €786,562 | €584,390 | ▼ 25.7% |
| Current portion of amounts payable after more than one year42 | €361,799 | €361,612 | €315,861 | €368,859 | €178,393 | ▼ 51.6% |
| Financial debts43 | €8 | €11 | - | - | - | - |
| Credit institutions430/8 | €8 | €11 | - | - | - | - |
| Trade debts44 | €229,970 | €111,802 | €47,509 | €49,004 | €90,443 | ▲ 84.6% |
| Suppliers440/4 | €229,970 | €111,802 | €47,509 | €49,004 | €90,443 | ▲ 84.6% |
| Advances received on contracts in progress46 | €23,174 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €127,594 | €179,770 | €293,165 | €344,560 | €283,278 | ▼ 17.8% |
| Taxes450/3 | €32,542 | €20,270 | €51,255 | €43,675 | €18,838 | ▼ 56.9% |
| Remuneration and social security454/9 | €95,051 | €159,500 | €241,910 | €300,885 | €264,440 | ▼ 12.1% |
| Other amounts payable47/48 | €128,000 | €138,433 | €22,855 | €24,139 | €32,276 | ▲ 33.7% |
| Accrued charges and deferred income492/3 | €153,661 | €139,524 | €111,253 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €70,481 | €237,838 | €164,611 | €183,183 | €99,420 | ▼ 45.7% |
| + Depreciation and write-downs630 | €158,302 | €157,241 | €160,727 | €166,480 | €146,483 | ▼ 12.0% |
| Operating cash flow (approximation) | €228,783 | €395,079 | €325,338 | €349,663 | €245,903 | ▼ 29.7% |
| Investment in fixed assets (approximation) | - | -€4,160 | -€12,024 | -€150,273 | -€8,102 | ▲ 94.6% |
| Change in cash | - | -€105,684 | -€229,930 | -€67,448 | €74,367 | ▲ 210% |
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
30-03
State Gazette act
Resignation: SABICOR (director)Appointments: COHEUR Olivier (non-statutory director) and VETUS INVEST (non-statutory director) · Permanent representative: DEBROUX Pierre · Statutes amendment10 facts ▸
- General meeting, 16/02/2026
- Statutes amendment
- Capital, €61.973,69
- Director resignation, SABICOR
- Director appointment, COHEUR Olivier (non-statutory director)
- Director appointment, VETUS INVEST (non-statutory director)
- Permanent representative, DEBROUX Pierre
- Director appointment, COHEUR Olivier (chair)
- Director appointment, COHEUR Olivier (managing director)
- Registered office, 4830 Limbourg, Avenue Reine Astrid 85
Show earlier events
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
Board 2
Day-to-day management 1
Permanent representatives 1
Not every act has been read: a resignation may be missing here
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63009B0476/02H000 | Wallonia | 5,870 m² | 1 · 492 m² | 14.6 m · 4 fl. |
Linked by address, not proof of ownership
Mandate history
- Board
- Day-to-day management
| Name | Functions and periods |
|---|---|
| Olivier Coheur |
|
| VETUS INVEST |
|
Articles of association
Full purpose
La société a pour objet, tant en Belgique qu'à l'étranger, pour son compte propre ou pour le compte de tiers, toutes activités liées à l'accueil, l'hébergement, la subsistance, l'hygiène, l'assistance et l'accompagnement, à l'exclusion de tout acte relevant de l'hospitalisation, au bénéfice de personnes du troisième âge, ainsi que de toute personne nécessitant une prise en charge ou un encadrement adapté. Elle peut notamment exercer des activités de maison de repos, de maison de repos et de soins, de maison de convalescence, de résidence-services ou de toute autre structure d'hébergement et d'accompagnement pour personnes âgées, dans le respect des législations et réglementations applicables. La société peut également exercer toutes activités accessoires, connexes ou complémentaires directement ou indirectement liées à son objet, notamment la fourniture de services de bien-être, d'assistance à la vie quotidienne, d'animation, de soutien social ou logistique, ainsi que la gestion, l'exploitation, la location ou la mise à disposition d'immeubles, d'équipements ou d'infrastructures affectés à ces activités. Elle peut accomplir toutes opérations mobilières, immobilières, commerciales, financières et civiles se rapportant directement ou indirectement à son objet ou de nature à en faciliter la réalisation ou développement, dans les limites autorisées par la loi. La société peut enfin prendre des participations, sous quelque forme que ce soit, dans toutes sociétés ou entreprises ayant un objet similaire, analogue ou connexe.
Structure & network
Owners and holdings
1 ownerChain of control
- VETUS INVEST
- SABICOR
Highest known parent: VETUS INVEST. The sources do not say who stands above it.
Owners 1
- VETUS INVESTparent99%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
Capital and shareholders
- 30-03-2026 Capital stated in the act · 61,973.69 EUR · 100 shares
Recognitions · licences · registrations
Food safety, FASFC
1 siteSimilar companies · same sector, comparable size
Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.