Checked.be
Active
BE 0433.461.722Public limited company
SABLE
Zeedijk-Het Zoute 744 ·8300 Knokke-Heist, Belgium· 38 yrs active
Sector: Retail sale of household textiles and bedding
(47512)
Conclusion
The KBO register records legal situation 050 for SABLE (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2024 annual accounts show negative equity (€-27k) and a net result of €-8k.
Based on the State Gazette, CBE and 3 annual accounts.
Key figures
| Equity | €-27k |
| Net result | €-8k |
| Staff (FTE) | 1.2 |
| Better than sector | 19% |
Financial profile
41
/ 100
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
Health
0
Profitability
100
Solvency
47
Growth
58
Stability
0
Bankruptcy probability (12 mo)
Bankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Risk Assessment
0 / 100
High riskRegister: open bankruptcyThis score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.
Trust signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
0
/ 100
Critical
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
No credit
open bankruptcy
Score history
20
2022
22
2023
30
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.13 (≥ 1.0)
+5
Quick ratio
Quick ratio 0.56 (< 0.6)
-5
Equity
Negative equity
-25
Profitability
ROE 29% (≥ 10%)
+10
Interest coverage
Interest coverage -1.0× (< 1.5×)
-10
Profit trend
Net profit up YoY
+5
Bankruptcy
Open bankruptcy in the KBO legal situation
-60
Computed by Checked from the NBB filing for FY 2024 and the legal situation the KBO register itself records. Indicative, not credit advice.
Financial overview
Annual accounts filed on 20-02-2025 with the NBB · fiscal year 2024 · micro schema
Sector comparison
Fiscal year 2024 · NACE 47, Retail trade · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -12.3% | 32.3% | |
| Net result | €-8k | €4k | |
| Equity | €-27k | €39k | |
| Gross operating margin | €60k | €31k | |
| Staff costs | €58k | €38k |
€-9k
+82.7%
22-24
€-8k
+85.9%
22-24
€-8k
+86.3%
22-24
€218k
+2.6%
22-24
€-27k
-41.0%
22-24
€25k
-16.9%
22-24
1
-14.3%
22-24
€58k
+6.1%
22-24
€450
-59.2%
22-24
€245k
+5.7%
22-24
€192k
+6.0%
22-24
€45k
-10.0%
22-24
1.13
-3.1%
22-24
0.56
+33.9%
22-24
-12.3%
-37.5%
22-24
-9.11
+25.0%
22-24
29.1%
-90.0%
22-24
-3.6%
+86.2%
22-24
-1.01
+88.0%
22-24
Figures by fiscal year and ratios
Change versus the prior fiscal year, coloured by direction (green = favourable).
| Fiscal year | 2024 Δ | 2023 Δ | 2022 Δ |
|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema |
| Revenue | - | - | - |
| EBITDA | +82.7% | -71.5% | - |
| Net profit | +85.9% | -26.8% | - |
| Cash flow | +86.3% | -27.5% | - |
| Staff costs | +6.1% | -26.4% | - |
| Income taxes | -59.2% | 0.0% | - |
| Dividends | - | - | - |
| Total assets | +2.6% | +9.4% | - |
| Equity | -41.0% | - | - |
| Debt | +5.7% | +46.6% | - |
| of which ≤ 1y | +6.0% | +14.9% | - |
| of which > 1y | -10.0% | - | - |
| Working capital | -16.9% | -14.2% | - |
| Employees (FTE) | -14.3% | 0.0% | - |
Ratios (computed)
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Current ratio | 1.13 | 1.17 | 1.22 |
| Quick ratio | 0.56 | 0.42 | 0.33 |
| Working capital ratio | 11.5% | 14.2% | 18.1% |
| Solvency | -12.3% | -9.0% | 18.6% |
| Debt / equity | -9.11 | -12.15 | 4.36 |
| Long-term debt ratio | -1.68 | -2.63 | - |
| Interest coverage | -1.01 | -8.41 | -2.09 |
| Gross margin | - | - | - |
| Net margin | - | - | - |
| ROA | -3.6% | -26.0% | -22.4% |
| ROE | 29.1% | 290.0% | -120.3% |
| EBITDA margin | - | - | - |
| Days sales outstanding | - | - | - |
| Days payable outstanding | - | - | - |
| Inventory turnover | - | - | - |
| Days inventory (DSI) | - | - | - |
Balance-sheet composition 2024
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €218k | €212k | €194k |
| Fixed assets | 21/28 | €605 | €858 | €1k |
| Tangible fixed assets | 22/27 | €50 | €303 | €556 |
| Financial fixed assets | 28 | €555 | €555 | €555 |
| Current assets | 29/58 | €217k | €212k | €193k |
| Stocks & contracts in progress | 3 | €110k | €136k | €140k |
| Amounts receivable within one year | 40/41 | €96k | €68k | €45k |
| Cash & bank | 54/58 | €7k | €1k | €3k |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €218k | €212k | €194k |
| Equity | 10/15 | €-27k | €-19k | €36k |
| Contributions / capital | 10/11 | €490k | €490k | €490k |
| Reserves | 13 | €992 | €992 | €992 |
| Accumulated profits (losses) | 14 | €-518k | €-510k | €-455k |
| Amounts payable | 17/49 | €245k | €231k | €158k |
| Amounts payable after one year | 17 | €45k | €50k | - |
| Amounts payable within one year | 42/48 | €192k | €181k | €158k |
| Trade debts payable within one year | 44 | €68k | €64k | €49k |
| Income statement | ||||
| Gross operating margin | 9900 | €60k | €14k | €55k |
| Operating result | 9901 | €-9k | €-52k | €-30k |
| Financial income | 75 | €5k | €4k | €2k |
| Financial charges | 65 | €9k | €6k | €14k |
| Result before taxes | 9903 | €-7k | €-54k | €-42k |
| Income taxes | 67/77 | €450 | €1k | €1k |
| Net result for the period | 9904 | €-8k | €-55k | €-44k |
| Result to be appropriated | 9905 | €-8k | €-55k | €-44k |
Legal Structure
| NACE primary | Retail sale of household textiles and bedding(47512) |
| Legal form | Public limited company(014) |
| Incorporation | 15-02-1988 |
| Status | Active |
| Postal code | 8300 |
Establishment units
SABLE
since 19882.035.705.247
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31334B0618/00B000 | Flanders | 1,257 m² | 1 · 120 m² | 26.5 m · 8 fl. |
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.
Updates
2025
20-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
12-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 12 days late
2023
30-06
Financial
Weakest financial yearnet €-55k
Net result drops to €-55k, the lowest in the series; recovery starts the following year.
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1 day late
2021
26-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
13-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 287 days late
2019
15-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
26-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
28-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
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.
Credit advice
No credit: a bankruptcy procedure is open.
Company registry (CBE)
Activities
Retail sale of household textiles and bedding4751252410
Names & trade names
| Legal nameNL | SABLE |
Similar companies
CHROME
BE 0428.454.938 · Knokke-Heist
GORI-DECOR
BE 0452.174.903 · Knokke-Heist
M.D. COMPANY
BE 0431.096.902 · Knokke-Heist
POPPY-ROSE
BE 0764.775.714 · Knokke-Heist
RUSSELL
BE 0451.642.193 · Knokke-Heist