SABU
ActiveSummary
SABU has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €501,776 and a net result of €191,764. Equity is growing by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 69% of 1065 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability94▼-6
Solvency78▲+20
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40,000 at 30 days acceptable
Liquidity ample (current ratio 2.89 against 1.16 in 2024; short-term debt: 11.7% and cash: 31.8% of total assets), and 46.5% of the assets are financed with debt.
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Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
53.5%
Return on assets
20.4%
Age of the figures
9 mo
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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
51 d early
2023
112 d early
2022
48 d early
2021
5 d early
2020
2 d early
2019
3 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 36 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 48% 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#8 company by equity in Aartselaar, Other services sector
Equity
€501,776▲ 61.9%
2024 · €310,013
Total assets
€938,019▲ 1.0%
2024 · €928,860
Net result
€191,764▼ 32.9%
2024 · €285,899
Working capital
€207,662▲ 276%
2024 · €55,249
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 96, Personal service 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
Operating result€297,411▲ 250%€186,149▼ 37.4%€197,321▲ 6.0%€334,097▲ 69.3%€266,692▼ 20.2%
Net result€214,604above the sector's middle half▲ 232%€127,870above the sector's middle half▼ 40.4%€134,860above the sector's middle half▲ 5.5%€285,899above the sector's middle half▲ 112%€191,764above the sector's middle half▼ 32.9%
Equity€743,670above the sector's middle half▲ 40.6%€771,540above the sector's middle half▲ 3.7%€781,400above the sector's middle half▲ 1.3%€310,013within the sector's middle half▼ 60.3%€501,776above the sector's middle half▲ 61.9%
Total assets€1.9mabove the sector's middle half▲ 37.8%€1.7mabove the sector's middle half▼ 8.2%€1.6mabove the sector's middle half▼ 6.4%€928,860within the sector's middle half▼ 41.5%€938,019within the sector's middle half▲ 1.0%
Debt€1.1m▲ 36.0%€926,365▼ 16.3%€807,395▼ 12.8%€618,847▼ 23.4%€436,243▼ 29.5%
Working capital€115,587€134,213▲ 16.1%-€96,399€55,249€207,662▲ 276%
Solvency40.2%within the sector's middle half▲ 0.8pp45.4%within the sector's middle half▲ 5.2pp49.2%within the sector's middle half▲ 3.7pp33.4%within the sector's middle half▼ 15.8pp53.5%within the sector's middle half▲ 20.1pp
Staff (FTE)5.5within the sector's middle half▲ 1.9%3.6within the sector's middle half▼ 34.5%3.6within the sector's middle half=2.3within the sector's middle half▼ 36.1%1.6below the sector's middle half▼ 30.4%
above
within
below
the middle half (P25 to P75) of NACE 96, Personal service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2021 Net result +232% on 2020. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 20% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €938,019
Fixed assets
€620,413 ▲ 16.0%
Current assets
€317,606 ▼ 19.4%
Equity and liabilities €938,019
Equity
€501,776 ▲ 61.9%
Debt
€436,243 ▼ 29.5%
Debt's share of the balance-sheet total falls from 66.6% to 46.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€331,927▼
2024 · €420,014
Cash flow
€256,999▼
2024 · €371,816
Current ratio
2.89▲
2024 · 1.16
Debt to equity
0.87▼
2024 · 2.00
ROE
38.2%▼
2024 · 92.2%
ROA
20.4%▼
2024 · 30.8%
Interest coverage
14.56▼
2024 · 21.09
Debt ≤ 1 year
€109,944▼
2024 · €338,863
Debt > 1 year
€326,299▲
2024 · €279,984
Income taxes
€52,147▲
2024 · €28,285
Staff costs
€75,210▼
2024 · €124,747
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
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 0.5% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 34,672 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €13,416 | €0 | - | €33,128 | - | - |
| Remuneration, social security and pensions62 | €206,911 | €214,343 | €198,048 | €124,747 | €75,210 | ▼ 39.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €114,686 | €123,908 | €126,610 | €85,917 | €65,235 | ▼ 24.1% |
| Other operating charges640/8 | - | €11,451 | €45,215 | €14,249 | €6,558 | ▼ 54.0% |
| Gross operating margin9900 | €619,008 | €535,851 | €567,193 | €559,009 | €413,695 | ▼ 26.0% |
| Operating profit (loss)9901 | €297,411 | €186,149 | €197,321 | €334,097 | €266,692 | ▼ 20.2% |
| Financial income75/76B | - | €131 | €3 | €1 | €9 | ▲ 775% |
| Recurring financial income75 | - | €131 | €3 | €1 | €9 | ▲ 775% |
| Financial charges65/66B | €15,730 | €17,394 | €17,764 | €19,913 | €22,790 | ▲ 14.4% |
| Recurring financial charges65 | €15,730 | €17,394 | €17,764 | €19,913 | €22,790 | ▲ 14.4% |
| Profit (loss) for the period before taxes9903 | €281,682 | €168,886 | €179,560 | €314,184 | €243,910 | ▼ 22.4% |
| Income taxes67/77 | €67,078 | €41,017 | €44,700 | €28,285 | €52,147 | ▲ 84.4% |
| Profit (loss) for the period9904 | €214,604 | €127,870 | €134,860 | €285,899 | €191,764 | ▼ 32.9% |
| Profit (loss) for the period to be appropriated9905 | €214,604 | €127,870 | €134,860 | €285,899 | €191,764 | ▼ 32.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.9m | €1.7m | €1.6m | €928,860 | €938,019 | ▲ 1.0% |
| Fixed assets21/28 | €1.4m | €1.3m | €1.4m | €534,748 | €620,413 | ▲ 16.0% |
| Tangible fixed assets22/27 | €1.4m | €1.3m | €1.4m | €533,998 | €619,663 | ▲ 16.0% |
| Land and buildings22 | €1.2m | €1.1m | €1.3m | €494,705 | €523,189 | ▲ 5.8% |
| Plant, machinery and equipment23 | €220,558 | €160,994 | €94,882 | €34,491 | €93,827 | ▲ 172% |
| Furniture and vehicles24 | €3,502 | €15,702 | €16,767 | €4,802 | €2,647 | ▼ 44.9% |
| Financial fixed assets28 | €750 | €750 | €750 | €750 | €750 | = |
| Current assets29/58 | €438,193 | €382,457 | €142,266 | €394,112 | €317,606 | ▼ 19.4% |
| Amounts receivable within one year40/41 | €262,187 | €19,107 | €28 | €179,462 | €19,623 | ▼ 89.1% |
| Trade receivables40 | €244,420 | €0 | - | - | - | - |
| Other amounts receivable41 | €17,767 | €19,107 | €28 | €179,462 | €19,623 | ▼ 89.1% |
| Cash at bank and in hand54/58 | €173,343 | €362,088 | €136,830 | €213,140 | €297,983 | ▲ 39.8% |
| Deferred charges and accrued income490/1 | €2,662 | €1,262 | €5,407 | €1,511 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.9m | €1.7m | €1.6m | €928,860 | €938,019 | ▲ 1.0% |
| Equity10/15 | €743,670 | €771,540 | €781,400 | €310,013 | €501,776 | ▲ 61.9% |
| Contributions10/11 | €50,000 | €50,000 | €50,000 | €14,341 | €14,341 | = |
| Reserves13 | €5,000 | €132,870 | €7,870 | €4,304 | €196,067 | ▲ 4,455% |
| Non-distributable reserves130/1 | €5,000 | €5,000 | €5,000 | €1,434 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | €5,000 | €5,000 | €5,000 | €1,434 | €0 | ▼ 100% |
| Distributable reserves133 | - | €127,870 | €2,870 | €2,870 | €196,067 | ▲ 6,732% |
| Profit (loss) carried forward14 | €688,670 | €588,670 | €723,530 | €291,369 | €291,369 | = |
| Amounts payable17/49 | €1.1m | €926,365 | €807,395 | €618,847 | €436,243 | ▼ 29.5% |
| Amounts payable after more than one year17 | €783,884 | €678,121 | €568,730 | €279,984 | €326,299 | ▲ 16.5% |
| Financial debts170/4 | €783,884 | €678,121 | €568,730 | €279,984 | €326,299 | ▲ 16.5% |
| Amounts payable within one year42/48 | €322,606 | €248,244 | €238,665 | €338,863 | €109,944 | ▼ 67.6% |
| Current portion of amounts payable after more than one year42 | €149,033 | €100,352 | €101,606 | €29,611 | €38,033 | ▲ 28.4% |
| Trade debts44 | €46,764 | €4,590 | €13,443 | €78,713 | €3,987 | ▼ 94.9% |
| Suppliers440/4 | €46,764 | €4,590 | €13,443 | €78,713 | €3,987 | ▼ 94.9% |
| Advances received on contracts in progress46 | - | - | - | - | €10,762 | - |
| Taxes, remuneration and social security45 | €126,808 | €143,302 | €122,640 | €9 | €4,344 | ▲ 48,170% |
| Taxes450/3 | €91,942 | €113,059 | €107,715 | €9 | €9 | ▼ 4.0% |
| Remuneration and social security454/9 | €34,866 | €30,242 | €14,924 | €0 | €4,336 | - |
| Other amounts payable47/48 | - | - | €977 | €230,530 | €52,818 | ▼ 77.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €214,604 | €127,870 | €134,860 | €285,899 | €191,764 | ▼ 32.9% |
| + Depreciation and write-downs630 | €114,686 | €123,908 | €126,610 | €85,917 | €65,235 | ▼ 24.1% |
| Operating cash flow (approximation) | €329,290 | €251,777 | €261,470 | €371,816 | €256,999 | ▼ 30.9% |
| Investment in fixed assets (approximation) | - | -€27,389 | -€257,691 | €825,864 | -€150,900 | ▼ 118% |
| Change in cash | - | €188,745 | -€225,258 | €76,310 | €84,843 | ▲ 11.2% |
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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Liquidity doublescurrent ratio 2.89
Current ratio from 1.16 to 2.89; short-term debt falls from €338,863 to €109,944.
31-12
Financial
Equity above €500,000Eq €501,776 ▲61.9%
8 profitable years in a row build equity to €501,776.
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €285,899 ▲112%
Operating result €334,097, net result €285,899, both a record.
10-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity times 5current ratio 1.36
Current ratio from 0.30 to 1.36.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €64,582 ▼39%
Net result drops to €64,582, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €500,000Eq €529,066 ▲13.9%
3 profitable years in a row build equity to €529,066.
Show earlier events
28-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 22 days late
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, Aartselaar · 1 establishment unit since 2015
Ground area
1,211 m²
Building footprint
536 m²
Volume, LiDAR
2,631 m³
Parcel 11001B0109/00H002, Flanders · tallest building 15.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
SABU
since 20152.242.535.377
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11001B0109/00H002 | Flanders | 1,211 m² | 1 · 536 m² | 15.3 m · 2 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.
Structure & network
Owners and holdings
1 ownerChain of control
- SABU-Invest
- SABU
Highest known parent: SABU-Invest. The sources do not say who stands above it.
Owners 1
- SABU-Investparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Food safety, FASFC
1 siteAartselaar2.242.535.377
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Of 6,709 companies in sector 96230 we hold annual accounts for 628. 285 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
Founded01-06-2015
Fiscal year end31-12
Activities, NACEBEL 2025
96230Day spas, saunas and steam baths
E-invoicing
Reachable via Peppol
Peppol ID
0208:0630974508
Also
9925:BE0630974508
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.