SABLE
Open bankruptcyFinancials · financial year 2024, micro format
2024 annual accounts filed late (20 days) Filed on 20 February 2025, deadline 31 January 2025 (7 months after the close on 30 June 2024, Companies Code art. 3:10). Source: NBB, 2025-00037747.
Turnover
≈ €290,000
Estimated: probably between €160,000 and €490,000
Total assets
€217,902▲ 2.6%
2023 · €212,416
Net result
-€7,809▲ 85.9%
2023 · -€55,226
Working capital
€25,020▼ 16.9%
2023 · €30,098
Trend over the years
2020 to 2024, 5 financial years 2019 to 2024, 6 financial years
The operating result stays negative: a loss of €9,141 in 2024 against €51,632 in 2023; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€9,141
2024
Net result-€7,809
2024
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€217,902
2024
Equity-€26,853
2024
Debt€244,754
2024
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€25,020
2024
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)-3.6%
2024
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency-12.3%
2024
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.13
2024
Average staff in full-time equivalents (FTE).
Staff (FTE)1.2
2024
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line201920202021202220232024
Operating result€3,896--€125,705-€23,014▲ 81.7%-€30,392▼ 32.1%-€51,632▼ 69.9%-€9,141▲ 82.3%
Net result€3,282--€136,986below the sector's middle half-€25,178below the sector's middle half▲ 81.6%-€43,538below the sector's middle half▼ 72.9%-€55,226below the sector's middle half▼ 26.8%-€7,809below the sector's middle half▲ 85.9%
Equity€241,884-€104,898within the sector's middle half▼ 56.6%€79,720within the sector's middle half▼ 24.0%€36,182within the sector's middle half▼ 54.6%-€19,044below the sector's middle half-€26,853below the sector's middle half▼ 41.0%
Total assets€426,974-€278,011within the sector's middle half▼ 34.9%€233,631within the sector's middle half▼ 16.0%€194,109within the sector's middle half▼ 16.9%€212,416within the sector's middle half▲ 9.4%€217,902within the sector's middle half▲ 2.6%
Debt€185,091-€173,113▼ 6.5%€153,912▼ 11.1%€157,927▲ 2.6%€231,460▲ 46.6%€244,754▲ 5.7%
Working capital€241,122-€122,154above the sector's middle half▼ 49.3%€89,335above the sector's middle half▼ 26.9%€35,071within the sector's middle half▼ 60.7%€30,098within the sector's middle half▼ 14.2%€25,020within the sector's middle half▼ 16.9%
Solvency56.7%-37.7%within the sector's middle half▼ 18.9pp34.1%within the sector's middle half▼ 3.6pp18.6%within the sector's middle half▼ 15.5pp-9.0%below the sector's middle half▼ 27.6pp-12.3%below the sector's middle half▼ 3.4pp
Current ratio2.30-1.79within the sector's middle half▼ 0.511.62within the sector's middle half▼ 0.171.22within the sector's middle half▼ 0.401.17within the sector's middle half▼ 0.061.13within the sector's middle half▼ 0.04
Return on assets (ROA)0.8%--49.3%below the sector's middle half▼ 50.0pp-10.8%below the sector's middle half▲ 38.5pp-22.4%below the sector's middle half▼ 11.7pp-26.0%below the sector's middle half▼ 3.6pp-3.6%below the sector's middle half▲ 22.4pp
Staff (FTE)2-2within the sector's middle half=1.9▼ 5.0%1.4▼ 26.3%1.4=1.2▼ 14.3%
above
within
below
the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €217,902
Fixed assets
€605 ▼ 29.5%
Current assets
€217,297 ▲ 2.7%
Equity and liabilities
Equity-€26,853
Debt€244,754
Equity is negative: debt (€244,754) exceeds the balance-sheet total (€217,902).
Key figures and ratios
EBITDA
-€8,888▲
2023 · -€51,379
Cash flow
-€7,555▲
2023 · -€54,973
Quick ratio
0.56▲
2023 · 0.42
Interest coverage
-1.01▲
2023 · -8.41
Debt ≤ 1 year
€192,277▲
2023 · €181,460
Debt > 1 year
€45,000▼
2023 · €50,000
Income taxes
€450▼
2023 · €1,103
Staff costs
€57,513▲
2023 · €54,213
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €73,625 | €54,213 | €57,513 | ▲ 6.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €459 | €430 | €223 | €426 | €253 | €253 | = |
| Other operating charges640/8 | - | - | - | €11,673 | €11,045 | €10,932 | ▼ 1.0% |
| Gross operating margin9900 | €119,200 | -€16,395 | €73,644 | €55,332 | €13,878 | €59,557 | ▲ 329% |
| Operating profit (loss)9901 | €3,896 | -€125,705 | -€23,014 | -€30,392 | -€51,632 | -€9,141 | ▲ 82.3% |
| Financial income75/76B | - | - | - | €2,279 | €3,620 | €10,594 | ▲ 193% |
| Recurring financial income75 | €4,069 | €4,056 | €5,108 | €2,279 | €3,620 | €4,894 | ▲ 35.2% |
| Non-recurring financial income76B | - | - | - | - | - | €5,700 | - |
| Financial charges65/66B | - | - | - | €14,322 | €6,110 | €8,810 | ▲ 44.2% |
| Recurring financial charges65 | €3,580 | €14,263 | €6,366 | €14,322 | €6,110 | €8,810 | ▲ 44.2% |
| Profit (loss) for the period before taxes9903 | €4,385 | -€135,911 | -€24,272 | -€42,435 | -€54,122 | -€7,358 | ▲ 86.4% |
| Income taxes67/77 | €1,103 | €1,075 | €906 | €1,103 | €1,103 | €450 | ▼ 59.2% |
| Profit (loss) for the period9904 | €3,282 | -€136,986 | -€25,178 | -€43,538 | -€55,226 | -€7,809 | ▲ 85.9% |
| Profit (loss) for the period to be appropriated9905 | €3,282 | -€136,986 | -€25,178 | -€43,538 | -€55,226 | -€7,809 | ▲ 85.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €426,974 | €278,011 | €233,631 | €194,109 | €212,416 | €217,902 | ▲ 2.6% |
| Fixed assets21/28 | €761 | €1,002 | €778 | €1,111 | €858 | €605 | ▼ 29.5% |
| Tangible fixed assets22/27 | €206 | €447 | €223 | €556 | €303 | €50 | ▼ 83.5% |
| Furniture and vehicles24 | - | - | - | €556 | €303 | €50 | ▼ 83.5% |
| Financial fixed assets28 | €555 | €555 | €555 | €555 | €555 | €555 | = |
| Current assets29/58 | €426,213 | €277,010 | €232,853 | €192,998 | €211,557 | €217,297 | ▲ 2.7% |
| Stocks and contracts in progress3 | €365,042 | €215,000 | €184,450 | €140,305 | €136,090 | €110,201 | ▼ 19.0% |
| Stocks30/36 | - | - | - | €140,305 | €136,090 | €110,201 | ▼ 19.0% |
| Amounts receivable within one year40/41 | €44,483 | €58,029 | €43,118 | €44,889 | €67,874 | €95,577 | ▲ 40.8% |
| Trade receivables40 | - | - | - | €620 | €0 | €2,830 | - |
| Other amounts receivable41 | - | - | - | €44,269 | €67,874 | €92,748 | ▲ 36.6% |
| Cash at bank and in hand54/58 | €10,233 | €45 | €177 | €2,724 | €1,210 | €6,986 | ▲ 477% |
| Deferred charges and accrued income490/1 | - | - | - | €5,080 | €6,384 | €4,533 | ▼ 29.0% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €426,974 | €278,011 | €233,631 | €194,109 | €212,416 | €217,902 | ▲ 2.6% |
| Equity10/15 | €241,884 | €104,898 | €79,720 | €36,182 | -€19,044 | -€26,853 | ▼ 41.0% |
| Contributions10/11 | €490,000 | €490,000 | €490,000 | €490,000 | €490,000 | €490,000 | = |
| Capital10 | - | - | - | €490,000 | €490,000 | €490,000 | = |
| Issued capital100 | - | - | - | €490,000 | €490,000 | €490,000 | = |
| Reserves13 | €992 | €992 | €992 | €992 | €992 | €992 | = |
| Non-distributable reserves130/1 | - | - | - | €992 | €992 | €992 | = |
| Legal reserve130 | - | - | - | €992 | €992 | €992 | = |
| Profit (loss) carried forward14 | -€249,108 | -€386,094 | -€411,272 | -€454,810 | -€510,036 | -€517,844 | ▼ 1.5% |
| Amounts payable17/49 | €185,091 | €173,113 | €153,912 | €157,927 | €231,460 | €244,754 | ▲ 5.7% |
| Amounts payable after more than one year17 | - | - | - | - | €50,000 | €45,000 | ▼ 10.0% |
| Financial debts170/4 | - | - | - | - | €50,000 | €45,000 | ▼ 10.0% |
| Amounts payable within one year42/48 | €185,091 | €154,855 | €143,518 | €157,927 | €181,460 | €192,277 | ▲ 6.0% |
| Financial debts43 | - | - | - | €35,413 | €43,891 | €33,458 | ▼ 23.8% |
| Credit institutions430/8 | - | - | - | €35,413 | €43,891 | €33,458 | ▼ 23.8% |
| Trade debts44 | €111,285 | €81,707 | €38,185 | €48,858 | €63,999 | €67,605 | ▲ 5.6% |
| Suppliers440/4 | - | - | - | €48,858 | €63,999 | €67,605 | ▲ 5.6% |
| Taxes, remuneration and social security45 | - | - | - | €73,656 | €73,569 | €91,214 | ▲ 24.0% |
| Taxes450/3 | - | - | - | €56,877 | €68,411 | €74,892 | ▲ 9.5% |
| Remuneration and social security454/9 | - | - | - | €16,780 | €5,159 | €16,323 | ▲ 216% |
| Accrued charges and deferred income492/3 | - | - | - | €0 | - | €7,477 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,282 | -€136,986 | -€25,178 | -€43,538 | -€55,226 | -€7,809 | ▲ 85.9% |
| + Depreciation and write-downs630 | €459 | €430 | €223 | €426 | €253 | €253 | = |
| Operating cash flow (approximation) | €3,741 | -€136,556 | -€24,955 | -€43,112 | -€54,973 | -€7,555 | ▲ 86.3% |
| Investment in fixed assets (approximation) | - | -€670 | €0 | -€760 | €0 | €0 | - |
| Change in cash | - | -€10,188 | €132 | €2,546 | -€1,514 | €5,776 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 36 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2024 | micro format | 20-02-2025 | 2025-00037747 |
| 30-06-2023 | micro format | 12-02-2024 | 2024-00029823 |
| 30-06-2022 | micro format | 30-01-2023 | 2023-00014828 |
| 30-06-2021 | micro format | 01-02-2022 | 2022-04400304 |
| 30-06-2020 | micro format | 26-02-2021 | 2021-06300446 |
| 30-06-2019 | micro format | 13-11-2020 | 2020-70300422 |
| 30-06-2018 | micro format | 15-01-2019 | 2019-01700058 |
| 30-06-2017 | micro format | 28-02-2018 | 2018-06100018 |
| 30-06-2016 | abbreviated format | 26-01-2017 | 2017-02300298 |
| 30-06-2015 | abbreviated format | 28-01-2016 | 2016-03400055 |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 1,255 active companies whose main activity is retail sale of household textiles and bedding (NACE 47512), figures are known for 608. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.