Equity
-€38,806
Debts exceed assets in financial year 2025.
Sablé
Overview
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.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
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
- -€21,327
- €43,306
- -€38,806
- €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.
Financials
Annual accounts 2025
micro format, filed on 23-06-2026, 38 days before the deadline-€21,327
-€38,165
-€43,306
-€92,766
-20.4%
0.26
Turnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €189,965 on 31-12-2025What the company ownsHow it is paid for
Position in the sector
-20.4%
Higher than 7% of 2,343 companies in 2025.
0.26
Lower than 95% of 2,309 companies in 2025.
-22.8%
Higher than 5% of 2,323 companies in 2025.
Sablé
Middle half of the sector
80% of the sector
Micro accounts in fabricated metal products (NACE 25)
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
189,965 | |
21/28 |
157,565 | |
22/27 |
157,565 | |
23 |
139,810 | |
24 |
17,755 | |
29/58 |
32,400 | |
40/41 |
27,149 | |
40 |
20,698 | |
41 |
6,451 | |
54/58 |
5,251 | |
| Balance sheet: equity and liabilities | ||
10/49 |
189,965 | |
10/15 |
-38,806 | |
10/11 |
4,500 | |
14 |
-43,306 | |
17/49 |
228,771 | |
17 |
103,410 | |
170/4 |
103,410 | |
42/48 |
125,166 | |
42 |
17,383 | |
43 |
9,476 | |
430/8 |
9,476 | |
44 |
42,767 | |
440/4 |
42,767 | |
47/48 |
55,540 | |
492/3 |
195 | |
| Income statement | ||
9900 |
-21,327 | |
630 |
14,175 | |
640/8 |
663 | |
66A |
2,000 | |
9901 |
-38,165 | |
75/76B |
2 | |
75 |
2 | |
65/66B |
5,143 | |
65 |
5,143 | |
9903 |
-43,306 | |
9904 |
-43,306 | |
9905 |
-43,306 | |
| Appropriation of the result | ||
9906 |
-43,306 | |
| Document | ||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 23-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 23-06-2026 | 2026-00192569 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| -23,990 | ||
| -29,131 | ||
| 173,740 | ||
| -92,766 | ||
| -20.4% | ||
| 0.26 | ||
| -22.8% | ||
| -4.66 |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 |
|---|---|
| Tangible fixed assets | €173,740 |
| €14,175 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Insights on Sablé
Equity is negative. Debt (€228,771) exceeds the balance-sheet total (€189,965).
Board & ownership
Board
2 directors, no change since 2025Director (not named in the articles), permanent representative PENEZ Benjamin
since 16-09-2024
term without a fixed end
listed in the 2025 annual accounts, filed on 23-06-2026
BV MATTENA
Director (not named in the articles), permanent representative ENRIQUE DEPYPERE
since 18-01-2025
term without a fixed end
listed in the 2025 annual accounts, filed on 23-06-2026
Permanent representatives 2
Mandates through the years
5 names, the dashed line is todayPenez Technics
Director (not named in the articles)
Director (not named in the articles)
BV MATTENA
Director (not named in the articles)
Director (not named in the articles)
BV GELTA
Director (not named in the articles)
Director (not named in the articles)
ENRIQUE DEPYPERE
Director (not named in the articles)
Director (not named in the articles)
JAN GELDHOF
Director (not named in the articles)
Director (not named in the articles)
BoardEarlier
Mandates as a list
- Penez Technics
- Director (not named in the articles), from 16-09-2024 to date
- BV MATTENA
- Director (not named in the articles), from 18-01-2025 to date
- BV GELTA
- Director (not named in the articles), appointed by deed of 07-05-2025, until 20-10-2025
- ENRIQUE DEPYPERE
- Director (not named in the articles), appointed by deed of 18-09-2024, until 18-01-2025
- JAN GELDHOF
- Director (not named in the articles), appointed by deed of 18-09-2024, until 18-01-2025
Control
Founders
PENEZ Benjamin, DEPYPERE Enrique, GELDHOF Jan
This company
Sablé
Equity -€38,806
Loss €43,306 in 2025
Capital
- Contribution
- €4,500
- Shares
- 1,200
- Contribution per share
- €3.75
- Equity per share
- -€32.34 in 2025
- Source
- 2025 annual accounts
Articles of association
deed of 18-09-2024 (in Dutch)- Daily managementDay-to-day management handles the everyday running of the business without the full board.
- The board decides whether the delegates act alone or jointly
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “De algemene vergadering die de bestuurder(s) benoemt bepaalt hun aantal, de duur van hun opdracht en, indien er meerdere bestuurders zijn…”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Saturday of June at 11:00
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “De vennootschap kan op elk moment worden ontbonden door beslissing van de algemene vergadering beslissende in de vormen vereist voor de…”
Shareholders
At incorporation
deed of 18-09-2024 ↗
- PENEZ Benjamin 400 shares (33.3%) · €1,500 in cash
- DEPYPERE Enrique 400 shares (33.3%) · €1,500 in cash
- GELDHOF Jan 400 shares (33.3%) · €1,500 in cash
Network & group
No group
Sablé has no parent and no holdings in its annual accounts. Sablé shares no director with another company.
At the same address
Spijkerlaan 72, 8791 Waregem · 2 other companiesTimeline
Timeline
6 events since 2024Board
Filings
Establishments
202420252026
2026
Annual accounts 2025 filed NBBmicro format · 38 days before the deadline
1 director resigningBV GELTA (director) · Permanent representatives: JAN GELDHOF and BENJAMIN PENEZ · Director discharge: BV GELTA (director (not named in the articles)) · General meeting of 20-10-20255 points ▸
- General meeting, 20-10-2025
- Director resignation, BV GELTA (director (not named in the articles))
- Director discharge, BV GELTA (director (not named in the articles))
- Permanent representative, JAN GELDHOF (vaste vertegenwoordiger belast met de uitvoering van zijn bestuursmandaat in naam en voor rekening van de rechtspersoon)
- Permanent representative, BENJAMIN PENEZ
- The deed holds 1 more point.
2025
2 directors appointed, 2 resignationsResignations: 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 18-01-20259 points ▸
- General meeting, 18-01-2025
- Director resignation, JAN GELDHOF (director (not named in the articles))
- Director discharge, JAN GELDHOF
- Director appointment, BV GELTA (director (not named in the articles))
- Permanent representative, JAN GELDHOF
- Director resignation, ENRIQUE DEPYPERE (director (not named in the articles))
- Director discharge, ENRIQUE DEPYPERE
- Director appointment, BV MATTENA (director (not named in the articles))
- Permanent representative, ENRIQUE DEPYPERE
- The deed holds 1 more point.
2024
Registered in the Peppol Directory Reachable for e-invoices through 0208:1013625947
IncorporationAppointments: PENEZ TECHNICS, DEPYPERE Enrique and GELDHOF Jan · Permanent representative: PENEZ Benjamin · Founder: PENEZ Benjamin · published on 18-09-20249 points ▸
- Founder, PENEZ Benjamin
- Founder, DEPYPERE Enrique
- Founder, GELDHOF Jan
- 1,200 shares, mentioned twice in the deed
- Registered office clause, Spijkerlaan 72, 8791 Waregem (Beveren-Leie)
- Director appointment, PENEZ TECHNICS (director (not named in the articles))
- Permanent representative, PENEZ Benjamin
- Director appointment, DEPYPERE Enrique (director (not named in the articles))
- Director appointment, GELDHOF Jan (director (not named in the articles))
First establishment Spijkerlaan 72, Waregem
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
On 16 September 2024, Sablé was incorporated as a private limited company by three natural persons.12 Of the 2 current board members, Penez Technics has served longest, since 2024.3 The company has filed annual accounts once, for financial year 2025.3
Company details
Identity
- Enterprise number
- 1013.625.947
- VAT number
- BE 1013.625.947
- Peppol ID
- 0208:1013625947
- Other Peppol ID
- 9925:BE1013625947
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 16-09-2024
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Saturday of June at 11:00deed of 18-09-2024 (in Dutch)
- Peppol
- Reachable since 27-09-2024Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- Sablé in Dutch
- Entity type
- Legal entity
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 18-09-2024 (in Dutch)
Activities
NACEBEL 202525530
Machining of metals main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Het parelstralen (zandstralen, bead blasting) in de meest brede zin van het woord, waaronder, doch niet beperkt tot, het zandstralen van…”deed of 18-09-2024 (in Dutch)
25 activities
- Het parelstralen (zandstralen, bead blasting) in de meest brede zin van het woord, waaronder, doch niet beperkt tot, het zandstralen van metalen allerhande (zoals inox, aluminium, messing, koper, brons, etc.), houtsoorten, gevels, stenen, etc.
- Het zandstralen van roerende goederen, zoals meubels, trappen, vloeren, hout in het algemeen, metaal en metalen voorwerpen, etc.
- Afbramen, zandstralen, trommelpolijsten en reinigen van metaal.
- Het nabehandelen van gezandstraalde voorwerpen met o.a. olie, vernis, verf, en dergelijke.
- Alle activiteiten van metaalbewerking.
- De oppervlaktebehandeling van metalen.
- De algemene afwerkingswerkzaamheden van roerende en onroerende voorwerpen, zoals het afschuren, het oppoetsen, het ontbramen en het bewerken in het algemeen, het veredelen van textielen, repareren van meubelen en stoffering, de oppervlaktebehandeling van metalen, gevelreiniging door middel van zandstralen, carrosserieherstelling, drogen van hout en impregneren of chemisch behandelen met conserveringsmiddelen of andere stoffen, in combinatie met het zagen en bewerken van hout.
- De dienstverlening betreffende onderhavig voorwerp, het verlenen van diensten gepaard gaande met de verkoop en de installatie van parelstraalmachines.
- Het analyseren van behoeften van elke afzonderlijke opdrachtgever met betrekking tot de parelstraalmaterialen, machines en andere benodigdheden, het aanbieden van de beste oplossing per individueel geval.
- De aan- en verkoop, in- en uitvoer, commissiehandel en vertegenwoordiging van om het even welke goederen, in het bijzonder de goederen, machines en andere benodigdheden voor het parelstralen.
- Het bewerken van steen en natuursteen in de meest brede zin van het woord.
- Het besturen en bedienen van machines voor het bewerken van natuursteen, alsook de aan- en verkoop, in- en uitvoer, commissiehandel en vertegenwoordiging van dergelijke machines.
- Dit alles voor zowel industriële als particuliere toepassingen.
- Het verlenen van bijstand, advies en leiding aan bedrijven, privé-personen en instellingen, voornamelijk doch niet uitsluitend op het vlak van management, marketing, productie en ontwikkeling, processing en het besturen van vennootschappen, dit alles in de meest ruime betekenis.
- De vennootschap kan zelf of als tussenpersoon alle hulpmiddelen verschaffen, bestuurdersfuncties waarnemen of laten waarnemen en diensten verlenen die direct of indirect verband houden met de voorgaande.
- Deze diensten kunnen worden geleverd krachtens een contractuele of statutaire benoeming en in de hoedanigheid van externe raadgever of orgaan van de cliënt.
- Ter uitvoering van haar opdrachten en voor het waarnemen van bestuursmandaten kan de vennootschap zich laten vertegenwoordigen door haar bestuurder of elke andere derde vertegenwoordiger, die door de vennootschap worden afgevaardigd om op te treden in eigen naam doch voor rekening van de vennootschap. Daartoe kan de vennootschap samenwerken met, deelnemen in, of op gelijk welke wijze, rechtstreeks of onrechtstreeks, belangen nemen in andere ondernemingen.
- De vennootschap kan zowel tot waarborg van eigen verbintenissen als tot waarborg van verbintenissen van derden borg stellen, onder meer door haar goederen in hypotheek of in pand te geven, inclusief de eigen handelszaak.
- De vennootschap kan in het algemeen alle commerciële, industriële, financiële, roerende of onroerende handelingen verrichten in rechtstreeks of onrechtstreeks verband met haar voorwerp of welke van aard zouden zijn de verwezenlijking ervan geheel of ten dele te vergemakkelijken.
- Het beheer van het patrimonium bestaande uit eigen roerende en onroerende goederen en de huurfinanciering van onroerende goederen aan derden, het aankopen, verkopen, ruilen, bouwen, verbouwen, onderhouden, verhuren, huren, verkavelen, prospecteren en uitbaten van onroerende goederen en roerende goederen, alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de (on)roerende goederen te bevorderen.
- De expertise, het beheer, het valoriseren en het laten bouwen of verbouwen van onroerende goederen van alle aard, alsmede de coördinatie van de leiding van dergelijke werken, het opvatten, maken en uitwerken van alle studies, ontwerpen en plannen.
- Het bevorderen van de ontwikkeling van technologische innovaties tot aan hun industrialisering en commercialisering; het opsporen van geschikte partners voor deze realisaties.
- Alle algemene, technologische en economische studies onder andere inzake industrialisering en investering, productiediversificatie, nieuwe producten en/of procedés.
- De publiciteit, reclame, marketing en algemene communicatie onder alle vormen evenals alle werken die voor de verwezenlijking hiervan noodzakelijk zijn, zonder enige beperking.
- Het bevorderen van de oprichting van vennootschappen door inbreng, participatie of investering.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Spijkerlaan 72 registered office 8791 Waregem 1611001 Sawmilling and planing of wood | 16-09-2024 | 2.364.213.068 |
Buildings and parcels at the address
- Ground area
- 8,751 m²
- Buildings
- 5,534 m²
- Volume, LiDAR
- 33,851 m³
- Tallest building
- 60.6 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 34006B0514/00A002 | 8,751 m² | 1 · 5,534 m² | 60.6 m · 2 |