Equity
-€38,806
Debts exceed assets in financial year 2025.
Sablé
Lifetime
1 annual account with figurespeak -€21,327 (2025)
-€21,327
lowest -€43,306 (2025)
-€43,306
peak -€38,806 (2025)
-€38,806
€228,771
Board5 names since 2024
2 directorsPenez Technics and 1 other
Documentsfilings and deeds
23-06-202638 days before the deadline
2025micro format
Loss of €43,3062 directors appointed, 2 resignations 07-05First year with figures
Key points
from the 2025 annual accountsDebts
€228,771 120% of the balance sheet
Financial debts 49%Suppliers 19%Other 32%
Of this, €125,166 falls due within a year.
Position in the sector
-€43,306
Lower net result than 95% of companies in fabricated metal products. Sector median €12,151 · 2,343 companies.
Turnover not published (micro format)
Checked score
48
Fair
Financially stronger than 6% of micro companies in fabricated metal products (NACE 25)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.9% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 3,710 companies (NACE 25, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
10-2025: 1.8%lowest value
11-2025: 1.9%▲ +0.1 percentage points vs 10-2025
12-2025: 1.9%● unchanged vs 11-2025
01-2026: 2.3%▲ +0.4 percentage points vs 12-2025
02-2026: 2.4%▲ +0.1 percentage points vs 01-2026
03-2026: 2.7%▲ +0.3 percentage points vs 02-2026
04-2026: 2.9%▲ +0.2 percentage points vs 03-2026highest value
05-2026: 2.9%● unchanged vs 04-2026highest value
06-2026: 2.9%● unchanged vs 05-2026
07-2026: 2.7%▼ -0.2 percentage points vs 06-2026
08-2026: 2.7%● unchanged vs 07-2026
09-2026: 2.8%▲ +0.1 percentage points vs 08-2026
10-2026: 2.9%▲ +0.1 percentage points vs 09-2026
11-2026: 2.9%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Founded in 2024
Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
Negative equity -€38,806
lowers risk
Size: total assets €189,965
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 25, micro). It does better than 6% of them on solvency, 10% on liquidity and 4% on profitability.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 7,639 companies had the same profile as Sablé has now. Each dot stands for 20 companies, two years later.
84.7%
were still trading
5.6%
stopped another way
8.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Sablé itself: 2.9% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,639 companies, not a prediction for Sablé. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.26, below 1. Short-term debt is 65.9% and cash 2.8% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
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 23-06-2026, 38 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
38 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
Board and ownership
- PENEZ Benjamin 400 sharesdeed of 18-09-2024
- DEPYPERE Enrique 400 sharesdeed of 18-09-2024
- GELDHOF Jan 400 sharesdeed of 18-09-2024
Recent changes
1 director resigning
BV GELTA (director) · Permanent representatives: JAN GELDHOF and BENJAMIN PENEZ · Director discharge: BV GELTA (director (not named in the articles)) · General meeting of 20-10-2025 · Gazette deed
2 directors appointed, 2 resignations
Resignations: JAN GELDHOF (director) and ENRIQUE DEPYPERE (director) · Appointments: BV GELTA (director) and BV MATTENA (director) · Permanent representatives: JAN GELDHOF and ENRIQUE DEPYPERE · General meeting of 18-01-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1013625947
Incorporation
Appointments: PENEZ TECHNICS, DEPYPERE Enrique and GELDHOF Jan · Permanent representative: PENEZ Benjamin · Founder: PENEZ Benjamin · published on 18-09-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Sablé Waregem | €189,965 | -€21,327 | -20.4% | - |
| Adek metaalconstructies Diksmuide | €163,626 | -€7,889 | 14.7% | - |
| STERKK. Eeklo | €87,181 | -€2,811 | -71.7% | - |
| SRL SOLUTION MD Assesse | €93,964 | €1,690 | 6.5% | - |
| WOUTERS TECNOLUB Herstal | €180,795 | -€43,786 | -63.3% | 0.8 |
| Maes Projects Ghent | €47,047 | -€6,665 | 19.7% | - |
| ROY CONSULT Soumagne | €337,391 | €4,527 | 67.2% | - |
These companies have the same main activity as Sablé: machining of metals (NACE 25530). They are comparable in size and age: total assets between €47,000 and €337,000, founded between 2019 and 2024.
Official details
Source: KBO- Status
- Active since 16-09-2024Normal situation
- Activity
- Machining of metalsNACE 25530and 2 others
- Establishment unit
- 2.364.213.0688791 Waregem, since 16-09-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 27-09-2024
Annual accounts 2025
- €189,965
- Filing
- Filed on 23-06-2026, 38 days before the end of the filing period
Insights on Sablé
The computed 12-month bankruptcy probability of Sablé is 2.9% (moderate). The 2025 annual accounts show negative equity (-€38,806) and a net result of -€43,306.
Its solvency ranks better than 7% of 2,343 sector peers (NACE 25, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Sablé
- What is the company number of Sablé?
- The company number of Sablé is 1013.625.947. The VAT number is the same number with BE in front: BE 1013.625.947.
- Where is Sablé based?
- The registered office is at Spijkerlaan 72, 8791 Waregem.Company details
- What does Sablé do?
- According to the KBO register, the main activity is machining of metals (NACE 25530).
- What is the legal form of Sablé?
- Sablé is a private limited company (BV).
- When was Sablé founded?
- Sablé was founded on 16-09-2024.
- Is Sablé still active?
- Yes, Sablé is an active enterprise in the KBO register.
- What is the turnover of Sablé?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is Sablé profitable?
- In financial year 2025, Sablé made a loss of €43,306.
- Where can I find the annual accounts of Sablé?
- Sablé filed 1 annual account with the National Bank of Belgium, for financial year 2025.
Next steps
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