SABLE D'OR
ActiveSummary
SABLE D'OR has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €127,531 and a net result of €2,710. Equity is growing by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 71% of 18626 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability38▲+22
Solvency84▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 2.29 against 2.25 in 2024; short-term debt: 41.4% and cash: 32.1% of total assets), and 41.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
58.6%
Return on assets
1.2%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 15-12-2025, 47 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
47 d early
2024
51 d early
2023
28 d early
2022
29 d early
2021
46 d early
2020
40 d early
2019
49 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 41 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 16 December (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-06-2026 close29-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€127,531▲ 2.2%
2024 · €124,821
Total assets
€217,636▼ 0.6%
2024 · €218,929
Net result
€2,710
2024 · -€4,212
Working capital
€116,365▼ 1.2%
2024 · €117,772
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€7,321▼ 69.0%€3,886▼ 46.9%€9,902▲ 155%-€2,701€1,979
Net result€6,461within the sector's middle half▼ 63.6%€1,338within the sector's middle half▼ 79.3%€7,153within the sector's middle half▲ 434%-€4,212below the sector's middle half€2,710within the sector's middle half
Equity€120,542above the sector's middle half▲ 5.7%€121,880above the sector's middle half▲ 1.1%€129,033above the sector's middle half▲ 5.9%€124,821above the sector's middle half▼ 3.3%€127,531within the sector's middle half▲ 2.2%
Total assets€242,352within the sector's middle half▲ 3.8%€253,120within the sector's middle half▲ 4.4%€250,751within the sector's middle half▼ 0.9%€218,929within the sector's middle half▼ 12.7%€217,636within the sector's middle half▼ 0.6%
Debt€121,810▲ 2.0%€131,239▲ 7.7%€121,718▼ 7.3%€94,108▼ 22.7%€90,105▼ 4.3%
Working capital€111,742above the sector's middle half▲ 8.5%€114,380above the sector's middle half▲ 2.4%€122,863above the sector's middle half▲ 7.4%€117,772above the sector's middle half▼ 4.1%€116,365above the sector's middle half▼ 1.2%
Solvency49.7%within the sector's middle half▲ 0.9pp48.2%within the sector's middle half▼ 1.6pp51.5%within the sector's middle half▲ 3.3pp57.0%within the sector's middle half▲ 5.6pp58.6%within the sector's middle half▲ 1.6pp
Current ratio1.92within the sector's middle half▲ 0.051.87within the sector's middle half▼ 0.052.01within the sector's middle half▲ 0.142.25within the sector's middle half▲ 0.242.29within the sector's middle half▲ 0.04
Return on assets (ROA)2.7%within the sector's middle half▼ 4.9pp0.5%within the sector's middle half▼ 2.1pp2.9%within the sector's middle half▲ 2.3pp-1.9%within the sector's middle half▼ 4.8pp1.2%within the sector's middle half▲ 3.2pp
Staff (FTE)0.1=0.2▲ 100%0.4▲ 100%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €1,979 after a loss of €2,701 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €217,636
Fixed assets
€11,166 ▲ 58.4%
Current assets
€206,470 ▼ 2.6%
Equity and liabilities €217,636
Equity
€127,531 ▲ 2.2%
Debt
€90,105 ▼ 4.3%
Debt's share of the balance-sheet total falls from 43.0% to 41.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€3,336▲
2024 · -€2,089
Cash flow
€4,067▲
2024 · -€3,600
Quick ratio
0.80▲
2024 · 0.46
Debt to equity
0.71▼
2024 · 0.75
ROE
2.1%▲
2024 · -3.4%
Interest coverage
2.09▲
2024 · -1.91
Debt ≤ 1 year
€90,105▼
2024 · €94,108
Income taxes
-€837▼
2024 · €2,500
Staff costs
€13,038▼
2024 · €13,473
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.8%
went bankrupt
4.0%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,338 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% | 1.9% |
| 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 10,905 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €3,316 | €18,536 | €13,473 | €13,038 | ▼ 3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,300 | €2,300 | €2,630 | €612 | €1,357 | ▲ 122% |
| Other operating charges640/8 | - | €4,268 | €992 | €806 | €785 | ▼ 2.6% |
| Gross operating margin9900 | €15,758 | €13,770 | €32,060 | €12,190 | €17,159 | ▲ 40.8% |
| Operating profit (loss)9901 | €7,321 | €3,886 | €9,902 | -€2,701 | €1,979 | ▲ 173% |
| Financial income75/76B | - | €2,015 | €1,689 | €2,080 | €1,490 | ▼ 28.4% |
| Recurring financial income75 | €2,008 | €2,015 | €1,689 | €2,080 | €1,490 | ▼ 28.4% |
| Financial charges65/66B | - | €3,478 | €798 | €1,091 | €1,596 | ▲ 46.3% |
| Recurring financial charges65 | €341 | €3,478 | €798 | €1,091 | €1,596 | ▲ 46.3% |
| Profit (loss) for the period before taxes9903 | €8,988 | €2,424 | €10,793 | -€1,712 | €1,873 | ▲ 209% |
| Income taxes67/77 | €2,528 | €1,085 | €3,640 | €2,500 | -€837 | ▼ 133% |
| Profit (loss) for the period9904 | €6,461 | €1,338 | €7,153 | -€4,212 | €2,710 | ▲ 164% |
| Profit (loss) for the period to be appropriated9905 | €6,461 | €1,338 | €7,153 | -€4,212 | €2,710 | ▲ 164% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €242,352 | €253,120 | €250,751 | €218,929 | €217,636 | ▼ 0.6% |
| Fixed assets21/28 | €8,800 | €7,500 | €6,170 | €7,049 | €11,166 | ▲ 58.4% |
| Tangible fixed assets22/27 | €4,600 | €2,300 | €1,970 | €2,849 | €6,966 | ▲ 145% |
| Plant, machinery and equipment23 | - | - | €1,970 | €2,849 | €4,806 | ▲ 68.7% |
| Furniture and vehicles24 | - | €2,300 | - | - | €2,160 | - |
| Financial fixed assets28 | €4,200 | €5,200 | €4,200 | €4,200 | €4,200 | = |
| Current assets29/58 | €233,552 | €245,620 | €244,581 | €211,880 | €206,470 | ▼ 2.6% |
| Stocks and contracts in progress3 | €185,350 | €196,364 | €176,928 | €168,556 | €134,539 | ▼ 20.2% |
| Stocks30/36 | - | €196,364 | €176,928 | €168,556 | €134,539 | ▼ 20.2% |
| Amounts receivable within one year40/41 | €7,232 | €3,149 | €10,283 | - | €142 | - |
| Trade receivables40 | - | €2,658 | €2,512 | - | - | - |
| Other amounts receivable41 | - | €491 | €7,771 | - | €142 | - |
| Cash at bank and in hand54/58 | €40,970 | €46,107 | €57,370 | €40,892 | €69,868 | ▲ 70.9% |
| Deferred charges and accrued income490/1 | - | - | - | €2,432 | €1,921 | ▼ 21.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €242,352 | €253,120 | €250,751 | €218,929 | €217,636 | ▼ 0.6% |
| Equity10/15 | €120,542 | €121,880 | €129,033 | €124,821 | €127,531 | ▲ 2.2% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €114,342 | €115,680 | €122,833 | €122,833 | €122,833 | = |
| Non-distributable reserves130/1 | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | - | - | - | - |
| Distributable reserves133 | - | €113,820 | €122,833 | €122,833 | €122,833 | = |
| Profit (loss) carried forward14 | - | - | - | -€4,212 | -€1,502 | ▲ 64.3% |
| Amounts payable17/49 | €121,810 | €131,239 | €121,718 | €94,108 | €90,105 | ▼ 4.3% |
| Amounts payable within one year42/48 | €121,810 | €131,239 | €121,718 | €94,108 | €90,105 | ▼ 4.3% |
| Trade debts44 | €35,675 | €28,872 | €21,971 | €2,808 | €5,030 | ▲ 79.1% |
| Suppliers440/4 | - | €28,872 | €21,971 | €2,808 | €5,030 | ▲ 79.1% |
| Taxes, remuneration and social security45 | - | €19,232 | €16,382 | €12,361 | €15,812 | ▲ 27.9% |
| Taxes450/3 | - | €16,127 | €14,872 | €12,361 | €15,812 | ▲ 27.9% |
| Remuneration and social security454/9 | - | €3,106 | €1,510 | - | - | - |
| Other amounts payable47/48 | - | €83,135 | €83,365 | €78,939 | €69,263 | ▼ 12.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,461 | €1,338 | €7,153 | -€4,212 | €2,710 | ▲ 164% |
| + Depreciation and write-downs630 | €2,300 | €2,300 | €2,630 | €612 | €1,357 | ▲ 122% |
| Operating cash flow (approximation) | €8,761 | €3,638 | €9,783 | -€3,600 | €4,067 | ▲ 213% |
| Investment in fixed assets (approximation) | - | -€1,000 | -€1,300 | -€1,491 | -€5,474 | ▼ 267% |
| Change in cash | - | €5,136 | €11,264 | -€16,478 | €28,976 | ▲ 276% |
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
Next filing, fiscal year 2026, expected by
2025
15-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Back to profitnet €2,710
Net result €2,710 after one loss-making year.
2024
11-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Weakest financial yearnet -€4,212
Net result drops to -€4,212, the lowest in the series; recovery starts the following year.
03-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
02-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
16-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
22-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Equity above €100,000Eq €114,081 ▲18.5%
2 profitable years in a row build equity to €114,081.
2019
13-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
17-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
12-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
27-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Knokke-Heist · 1 establishment unit since 2012
Ground area
149 m²
Building footprint
149 m²
Volume, LiDAR
2,225 m³
Parcel 31336H0054/00A000, Flanders · tallest building 24.2 m, ±7 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Sable D'or
since 20122.207.560.543
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31336H0054/00A000 | Flanders | 149 m² | 1 · 149 m² | 24.2 m · 7 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
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Of 1,035 companies in sector 47721 we hold annual accounts for 583. 454 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded15-02-2012
Fiscal year end30-06
Activities, NACEBEL 2025
47721Retail sale of footwear
E-invoicing
Reachable via Peppol
Peppol ID
0208:0843727972
Also
9925:BE0843727972
Registered
06-08-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.