Sablix
ActiveSummary
Sablix has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €9,769 and a net result of €18,046. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 21% of 19372 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability38▲+23
Solvency26▲+2
Growth78▲+46
Track record94
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
1.1%
Return on assets
2%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 19372 sector peers (2024).
NBB · sector comparisonPosition among 19372 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-06-2025, 41 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
41 d early
2023
54 d early
2022
100 d late
2021
54 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 12 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€9,769
2023 · -€8,277
Total assets
€906,317▲ 0.5%
2023 · €902,064
Net result
€18,046
2023 · -€28,284
Working capital
€156,789▼ 18.6%
2023 · €192,580
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Operating result-€8,703-€36,184-€20,483€51,537
Net result-€8,957below the sector's middle half-€23,964within the sector's middle half-€28,284below the sector's middle half€18,046within the sector's middle half
Equity-€3,957below the sector's middle half-€20,007within the sector's middle half-€8,277below the sector's middle half€9,769within the sector's middle half
Total assets€74,095below the sector's middle half-€934,553within the sector's middle half▲ 1,161%€902,064within the sector's middle half▼ 3.5%€906,317within the sector's middle half▲ 0.5%
Debt€78,052-€914,545▲ 1,072%€910,341▼ 0.5%€896,548▼ 1.5%
Working capital-€3,733within the sector's middle half-€684,830above the sector's middle half€192,580above the sector's middle half▼ 71.9%€156,789above the sector's middle half▼ 18.6%
Solvency-5.3%below the sector's middle half-2.1%below the sector's middle half▲ 7.5pp-0.9%below the sector's middle half▼ 3.1pp1.1%below the sector's middle half▲ 2.0pp
Current ratio0.95within the sector's middle half-3.76above the sector's middle half▲ 2.811.54within the sector's middle half▼ 2.221.43within the sector's middle half▼ 0.11
Return on assets (ROA)-12.1%below the sector's middle half-2.6%within the sector's middle half▲ 14.7pp-3.1%below the sector's middle half▼ 5.7pp2.0%within the sector's middle half▲ 5.1pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, 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 2024: €51,537 after a loss of €20,483 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €906,317
Fixed assets
€386,764 ▲ 9.3%
Current assets
€519,552 ▼ 5.2%
Equity and liabilities €906,317
Equity
€9,769
Debt
€896,548
Debt finances 98.9% of the balance-sheet total.
Key figures and ratios
EBITDA
€65,253▲
2023 · -€17,354
Cash flow
€31,762▲
2023 · -€25,155
Quick ratio
0.21▼
2023 · 0.30
Debt to equity
91.77
ROE
184.7%
Interest coverage
2.01▲
2023 · -1.83
Debt ≤ 1 year
€362,764▲
2023 · €355,522
Debt > 1 year
€533,784▼
2023 · €554,819
Income taxes
€2,185▲
2023 · €296
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,603 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 96% are still going.
- Small
- 5 to 10 years old
- solvency under 10%
- a profit under 5% of the balance sheet
1.9%
went bankrupt
1.8%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,340 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% | 1.8% |
| 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 1,603 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 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €120 | €3,129 | €13,716 | ▲ 338% |
| Other operating charges640/8 | - | €1,800 | €3,365 | €3,867 | ▲ 14.9% |
| Gross operating margin9900 | -€8,703 | €38,104 | -€13,989 | €69,120 | ▲ 594% |
| Operating profit (loss)9901 | -€8,703 | €36,184 | -€20,483 | €51,537 | ▲ 352% |
| Financial income75/76B | €0 | - | €1,990 | €1,101 | ▼ 44.7% |
| Recurring financial income75 | €0 | - | €1,990 | €1,101 | ▼ 44.7% |
| Financial charges65/66B | €254 | €7,712 | €9,495 | €32,406 | ▲ 241% |
| Recurring financial charges65 | €254 | €7,712 | €9,495 | €32,406 | ▲ 241% |
| Profit (loss) for the period before taxes9903 | -€8,957 | €28,472 | -€27,988 | €20,232 | ▲ 172% |
| Income taxes67/77 | - | €4,508 | €296 | €2,185 | ▲ 639% |
| Profit (loss) for the period9904 | -€8,957 | €23,964 | -€28,284 | €18,046 | ▲ 164% |
| Profit (loss) for the period to be appropriated9905 | -€8,957 | €23,964 | -€28,284 | €18,046 | ▲ 164% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €74,095 | €934,553 | €902,064 | €906,317 | ▲ 0.5% |
| Fixed assets21/28 | - | €1,895 | €353,963 | €386,764 | ▲ 9.3% |
| Tangible fixed assets22/27 | - | €1,895 | €353,963 | €386,764 | ▲ 9.3% |
| Land and buildings22 | - | - | €313,782 | €305,832 | ▼ 2.5% |
| Furniture and vehicles24 | - | €1,895 | €40,180 | €80,932 | ▲ 101% |
| Current assets29/58 | €74,095 | €932,658 | €548,102 | €519,552 | ▼ 5.2% |
| Stocks and contracts in progress3 | €26,875 | €421,298 | €441,985 | €443,658 | ▲ 0.4% |
| Stocks30/36 | €26,875 | €421,298 | €441,985 | €443,658 | ▲ 0.4% |
| Amounts receivable within one year40/41 | €3,825 | €25,100 | €82,013 | - | - |
| Other amounts receivable41 | €3,825 | €25,100 | €82,013 | - | - |
| Current investments50/53 | - | - | - | €64,000 | - |
| Cash at bank and in hand54/58 | €43,396 | €462,536 | €22,992 | €10,202 | ▼ 55.6% |
| Deferred charges and accrued income490/1 | - | €23,723 | €1,111 | €1,692 | ▲ 52.2% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €74,095 | €934,553 | €902,064 | €906,317 | ▲ 0.5% |
| Equity10/15 | -€3,957 | €20,007 | -€8,277 | €9,769 | ▲ 218% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Outside capital11 | - | €5,000 | - | - | - |
| Other1109/19 | - | €5,000 | - | - | - |
| Reserves13 | - | €15,007 | €15,007 | €15,007 | = |
| Distributable reserves133 | - | €15,007 | €15,007 | €15,007 | = |
| Profit (loss) carried forward14 | -€8,957 | - | -€28,284 | -€10,238 | ▲ 63.8% |
| Amounts payable17/49 | €78,052 | €914,545 | €910,341 | €896,548 | ▼ 1.5% |
| Amounts payable after more than one year17 | - | €666,717 | €554,819 | €533,784 | ▼ 3.8% |
| Financial debts170/4 | - | €666,717 | €554,819 | €533,784 | ▼ 3.8% |
| Amounts payable within one year42/48 | €77,829 | €247,828 | €355,522 | €362,764 | ▲ 2.0% |
| Current portion of amounts payable after more than one year42 | - | €28,223 | €28,898 | €25,645 | ▼ 11.3% |
| Financial debts43 | €75,000 | €150,000 | €225,000 | €225,000 | = |
| Credit institutions430/8 | €75,000 | €150,000 | €225,000 | €225,000 | = |
| Trade debts44 | €1,460 | €29,273 | €5,644 | €18,009 | ▲ 219% |
| Suppliers440/4 | €1,460 | €29,273 | €5,644 | €18,009 | ▲ 219% |
| Taxes, remuneration and social security45 | - | €8,182 | - | €20,441 | - |
| Taxes450/3 | - | €8,182 | - | €20,441 | - |
| Other amounts payable47/48 | €1,369 | €32,151 | €95,980 | €73,669 | ▼ 23.2% |
| Accrued charges and deferred income492/3 | €224 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,957 | €23,964 | -€28,284 | €18,046 | ▲ 164% |
| + Depreciation and write-downs630 | - | €120 | €3,129 | €13,716 | ▲ 338% |
| Operating cash flow (approximation) | -€8,957 | €24,084 | -€25,155 | €31,762 | ▲ 226% |
| Investment in fixed assets (approximation) | - | - | -€355,197 | -€46,518 | ▲ 86.9% |
| Change in cash | - | €419,141 | -€439,544 | -€12,790 | ▲ 97.1% |
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
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €18,046
Net result €18,046 after one loss-making year.
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€28,284
Net result drops to -€28,284, the lowest in the series; recovery starts the following year.
08-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 100 days late
2022
31-12
Financial
Back to profitnet €23,964
Net result €23,964 after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 3.76
Current ratio from 0.95 to 3.76.
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 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, Aalst · 1 establishment unit since 2020
Ground area
1,424 m²
Building footprint
317 m²
Volume, LiDAR
722 m³
2 parcels, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Louis Camustraat 3, 9300 Aalst
since 20202.311.618.579
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41304G0050/00Z000 | Flanders | 834 m² | 1 · 198 m² | - |
| 41304G0050/00G000 | Flanders | 591 m² | 1 · 119 m² | 7.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
ID Construct & co
BE 0568.952.510
Soignies · Eq €9,756
Tout à Toit
BE 0779.649.673
Braine-l'Alleud · Eq €9,745
A3E2
BE 0600.805.330
Liège · Eq €9,813
POLSONS
BE 0771.448.720
Lasne · Eq €9,712
GBO BOUW
BE 1008.359.738
Brecht · Eq €9,826
Of 9,696 companies in sector 68121 we hold annual accounts for 7,393. 3,078 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
Founded23-12-2020
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68110Buying and selling of own real estate
E-invoicing
Reachable via Peppol
Peppol ID
0208:0760462677
Also
9925:BE0760462677
Registered
19-12-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.