SABRA
ActiveSummary
SABRA has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €220,278 and a net result of -€214,581. Equity is shrinking by ~4.1% per year across the filed fiscal years. Its solvency ranks better than 21% of 4613 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability37▲+18
Solvency32▼-8
Growth55▼-13
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity short (current ratio 0.36 against 0.39 in 2024; short-term debt: 21% and cash: 0.8% of total assets), and 92.5% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 →
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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€214,581
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 4613 sector peers (2025).
NBB · sector comparisonPosition among 4613 sector peers
Solvency
better than 21%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-09-2026, 32 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
32 d late
2024
45 d early
2023
43 d early
2022
37 d late
2021
96 d late
2020
87 d late
2019
88 d late
← 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 36 days after 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 (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 1 September (4 of the last 5 filed years within 74 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
€525,092▲ 95.9%
2024 · €268,045
EBIT margin
-21.3%▲ 38.3pp
2024 · -59.6%
Net result
-€214,581▲ 3.2%
2024 · -€221,567
Working capital
-€396,951▼ 21.5%
2024 · -€326,733
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€182,003▲ 370%€338,168▲ 85.8%€323,448▼ 4.4%€268,045▼ 17.1%€525,092▲ 95.9%
Operating result-€162,328▼ 174%-€71,684▲ 55.8%€106,516-€159,757-€112,001▲ 29.9%
Net result-€22,019below the sector's middle half▲ 63.7%-€63,551below the sector's middle half▼ 189%€121,030within the sector's middle half-€221,567below the sector's middle half-€214,581below the sector's middle half▲ 3.2%
EBIT margin-89.2%▲ 63.9pp-21.2%▲ 68.0pp32.9%▲ 54.1pp-59.6%▼ 92.5pp-21.3%▲ 38.3pp
Equity€730,521within the sector's middle half▲ 117%€666,969within the sector's middle half▼ 8.7%€656,427within the sector's middle half▼ 1.6%€434,859within the sector's middle half▼ 33.8%€220,278within the sector's middle half▼ 49.3%
Total assets€2.3mwithin the sector's middle half▲ 35.1%€2.2mwithin the sector's middle half▼ 6.0%€2.0mwithin the sector's middle half▼ 8.0%€2.9mwithin the sector's middle half▲ 45.6%€2.9mwithin the sector's middle half▲ 2.1%
Debt€1.0m▼ 6.8%€998,884▼ 3.6%€935,878▼ 6.3%€2.1m▲ 123%€2.4m▲ 14.5%
Working capital-€257,369below the sector's middle half▲ 61.1%-€256,172below the sector's middle half▲ 0.5%-€125,433within the sector's middle half▲ 51.0%-€326,733below the sector's middle half▼ 160%-€396,951below the sector's middle half▼ 21.5%
Solvency31.9%within the sector's middle half▲ 12.0pp31.0%within the sector's middle half▼ 0.9pp33.2%within the sector's middle half▲ 2.1pp15.1%within the sector's middle half▼ 18.1pp7.5%below the sector's middle half▼ 7.6pp
Current ratio0.28below the sector's middle half▲ 0.050.32below the sector's middle half▲ 0.030.65within the sector's middle half▲ 0.340.39below the sector's middle half▼ 0.270.36below the sector's middle half▼ 0.03
Return on assets (ROA)-1.0%within the sector's middle half▲ 2.6pp-3.0%below the sector's middle half▼ 2.0pp6.1%above the sector's middle half▲ 9.1pp-7.7%below the sector's middle half▼ 13.8pp-7.3%below the sector's middle half▲ 0.4pp
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.
Why a figure moved sharply
- 2021 Turnover +370% on 2020. The accounts now follow the full schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €112,001 in 2025 against €159,757 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.9m
Fixed assets
€2.7m ▲ 1.7%
Current assets
€222,073 ▲ 7.2%
Equity and liabilities €2.9m
Equity
€220,278 ▼ 49.3%
Provisions
€327,862 ▼ 8.3%
Debt
€2.4m ▲ 14.5%
Debt's share of the balance-sheet total rises from 72.5% to 81.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€71,369▲
2024 · €9,124
Cash flow
-€31,211▲
2024 · -€52,686
Quick ratio
0.35▼
2024 · 0.39
Debt to equity
10.87▲
2024 · 4.81
ROE
-97.4%▼
2024 · -51.0%
Interest coverage
1.00▲
2024 · 0.22
Debt ≤ 1 year
€619,024▲
2024 · €533,831
Debt > 1 year
€1.8m▲
2024 · €1.6m
Income taxes
€61,132▲
2024 · €50,560
Staff costs
€34,815▲
2024 · €316
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,104 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency under 10%
- a small loss
1.8%
went bankrupt
3.6%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 1,104 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €182,003 | €338,168 | €323,448 | €268,045 | €525,092 | ▲ 95.9% |
| Non-recurring operating income76A | - | - | €199,322 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €190,450 | €254,346 | €289,847 | €252,649 | €411,848 | ▲ 63.0% |
| Remuneration, social security and pensions62 | - | - | - | €316 | €34,815 | ▲ 10,917% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €148,434 | €144,444 | €119,444 | €168,881 | €183,370 | ▲ 8.6% |
| Other operating charges640/8 | €5,447 | €9,785 | €6,963 | €5,956 | €7,060 | ▲ 18.5% |
| Non-recurring operating charges66A | - | €1,277 | - | - | - | - |
| Gross operating margin9900 | -€8,447 | €83,822 | €232,923 | €15,396 | €113,244 | ▲ 636% |
| Operating profit (loss)9901 | -€162,328 | -€71,684 | €106,516 | -€159,757 | -€112,001 | ▲ 29.9% |
| Financial income75/76B | €162,067 | - | - | €8 | - | - |
| Recurring financial income75 | €162,067 | - | - | €8 | - | - |
| Non-recurring financial income76B | €162,067 | - | - | - | - | - |
| Financial charges65/66B | €15,627 | €16,965 | €14,986 | €40,925 | €71,115 | ▲ 73.8% |
| Recurring financial charges65 | €15,627 | €16,965 | €14,986 | €40,850 | €71,115 | ▲ 74.1% |
| Non-recurring financial charges66B | - | - | - | €75 | - | - |
| Profit (loss) for the period before taxes9903 | -€15,888 | -€88,649 | €91,530 | -€200,674 | -€183,116 | ▲ 8.7% |
| Transfer from deferred taxes780 | €36,627 | €36,627 | €29,667 | €29,667 | €29,667 | = |
| Income taxes67/77 | €42,758 | €11,529 | €167 | €50,560 | €61,132 | ▲ 20.9% |
| Profit (loss) for the period9904 | -€22,019 | -€63,551 | €121,030 | -€221,567 | -€214,581 | ▲ 3.2% |
| Transfer from tax-exempt reserves789 | €57,162 | €57,162 | €43,645 | €43,645 | €43,645 | = |
| Transfer to tax-exempt reserves689 | €285,415 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | -€250,272 | -€6,389 | €164,675 | -€177,922 | -€170,936 | ▲ 3.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.3m | €2.2m | €2.0m | €2.9m | €2.9m | ▲ 2.1% |
| Fixed assets21/28 | €2.2m | €2.0m | €1.7m | €2.7m | €2.7m | ▲ 1.7% |
| Intangible fixed assets21 | €302,500 | €242,000 | €181,500 | €121,000 | €60,500 | ▼ 50.0% |
| Tangible fixed assets22/27 | €1.5m | €1.4m | €1.4m | €2.5m | €2.7m | ▲ 4.1% |
| Land and buildings22 | €1.5m | €1.4m | €1.4m | €2.5m | €2.6m | ▲ 2.5% |
| Plant, machinery and equipment23 | €25,000 | - | - | €3,562 | €20,354 | ▲ 471% |
| Furniture and vehicles24 | - | - | - | - | €23,294 | - |
| Financial fixed assets28 | €359,831 | €349,900 | €178,751 | €6,776 | €6,623 | ▼ 2.3% |
| Current assets29/58 | €101,554 | €118,484 | €238,112 | €207,098 | €222,073 | ▲ 7.2% |
| Stocks and contracts in progress3 | - | - | - | - | €3,065 | - |
| Stocks30/36 | - | - | - | - | €3,065 | - |
| Amounts receivable within one year40/41 | €83,883 | €117,838 | €161,477 | €111,390 | €191,415 | ▲ 71.8% |
| Trade receivables40 | - | €33,025 | €84,695 | €3,194 | €9,584 | ▲ 200% |
| Other amounts receivable41 | €83,883 | €84,813 | €76,782 | €108,196 | €181,831 | ▲ 68.1% |
| Cash at bank and in hand54/58 | €15,973 | - | €74,729 | €93,966 | €24,004 | ▼ 74.5% |
| Deferred charges and accrued income490/1 | €1,698 | €646 | €1,906 | €1,742 | €3,589 | ▲ 106% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.3m | €2.2m | €2.0m | €2.9m | €2.9m | ▲ 2.1% |
| Equity10/15 | €730,521 | €666,969 | €656,427 | €434,859 | €220,278 | ▼ 49.3% |
| Contributions10/11 | €175,000 | €175,000 | €175,000 | €175,000 | €175,000 | = |
| Capital10 | €175,000 | €175,000 | €175,000 | €175,000 | €175,000 | = |
| Issued capital100 | €175,000 | €175,000 | €175,000 | €175,000 | €175,000 | = |
| Reserves13 | €819,886 | €762,723 | €587,506 | €543,860 | €500,215 | ▼ 8.0% |
| Non-distributable reserves130/1 | €17,500 | €17,500 | €17,500 | €17,500 | €17,500 | = |
| Legal reserve130 | €17,500 | €17,500 | €17,500 | €17,500 | €17,500 | = |
| Tax-exempt reserves132 | €802,016 | €744,853 | €569,636 | €525,990 | €482,345 | ▼ 8.3% |
| Distributable reserves133 | €370 | €370 | €370 | €370 | €370 | = |
| Profit (loss) carried forward14 | -€264,365 | -€270,754 | -€106,079 | -€284,001 | -€454,937 | ▼ 60.2% |
| Provisions and deferred taxes16 | €521,239 | €484,612 | €387,195 | €357,528 | €327,862 | ▼ 8.3% |
| Deferred taxes168 | €521,239 | €484,612 | €387,195 | €357,528 | €327,862 | ▼ 8.3% |
| Amounts payable17/49 | €1.0m | €998,884 | €935,878 | €2.1m | €2.4m | ▲ 14.5% |
| Amounts payable after more than one year17 | €677,228 | €623,982 | €572,333 | €1.6m | €1.8m | ▲ 14.0% |
| Financial debts170/4 | €677,228 | €623,982 | €572,333 | €1.6m | €1.8m | ▲ 14.0% |
| Amounts payable within one year42/48 | €358,923 | €374,656 | €363,545 | €533,831 | €619,024 | ▲ 16.0% |
| Current portion of amounts payable after more than one year42 | €56,500 | €53,246 | €51,650 | €39,378 | €48,862 | ▲ 24.1% |
| Financial debts43 | - | €4,513 | - | - | - | - |
| Credit institutions430/8 | - | €4,513 | - | - | - | - |
| Trade debts44 | €4,705 | €5,234 | €19,927 | €76,811 | €112,372 | ▲ 46.3% |
| Suppliers440/4 | €4,705 | €5,234 | €19,927 | €76,811 | €112,372 | ▲ 46.3% |
| Taxes, remuneration and social security45 | €1,575 | €420 | €2,164 | €1,597 | €5,798 | ▲ 263% |
| Taxes450/3 | €1,575 | €420 | €2,164 | €1,597 | €5,798 | ▲ 263% |
| Other amounts payable47/48 | €296,143 | €311,243 | €289,804 | €416,045 | €451,992 | ▲ 8.6% |
| Accrued charges and deferred income492/3 | - | €246 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€22,019 | -€63,551 | €121,030 | -€221,567 | -€214,581 | ▲ 3.2% |
| + Depreciation and write-downs630 | €148,434 | €144,444 | €119,444 | €168,881 | €183,370 | ▲ 8.6% |
| Operating cash flow (approximation) | €126,415 | €80,893 | €240,474 | -€52,686 | -€31,211 | ▲ 40.8% |
| Investment in fixed assets (approximation) | - | €9,932 | €171,149 | -€1.1m | -€227,658 | ▲ 79.4% |
| Change in cash | - | - | - | €19,237 | -€69,962 | ▼ 464% |
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
2026
01-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 32 days late
2025
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet -€221,567
Net result drops to -€221,567, the lowest in the series; recovery starts the following year.
18-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €121,030
Net result €121,030 after 3 loss-making years.
06-09
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 37 days late
2022
04-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 96 days late
2021
31-12
Financial
Equity above €500,000Eq €730,521 ▲117%
Equity rises from €337,383 to €730,521.
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 87 days late
2020
27-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 88 days late
2019
19-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 111 days late
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 56 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Ottignies-Louvain-la-Neuve · 1 establishment unit since 1992
Ground area
2.2 ha
Building footprint
2,073 m²
Volume, LiDAR
22,466 m³
2 parcels, Wallonia · tallest building 16.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Place des Sports 1, 1348 Ottignies-Louvain-la-Neuve
since 19922.040.454.584
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25385C0004/00H006 | Wallonia | 2.2 ha | 1 · 1,631 m² | 11.7 m · 4 fl. |
| 25386B0088/00B003 | Wallonia | 734 m² | 1 · 442 m² | 16.6 m · 4 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.
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Of 12,041 companies in sector 68203 we hold annual accounts for 6,005. 4,305 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded05-10-1988
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
68203Renting and operating of own or leased non-residential real estate, excluding land
E-invoicing
Reachable via Peppol
Peppol ID
0208:0435360843
Also
9925:BE0435360843
Registered
25-03-2026
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.