SARA HORECA
ActiveSARA HORECA has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €319k and a net result of €64k. Equity is growing by ~15.1% per year across the filed fiscal years. Its solvency ranks better than 48% of 7955 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▲+1
Solvency67▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21k at 30 days acceptable
Liquidity ample (current ratio 1.68 against 1.58 in 2024; short-term debt: 58.1% and cash: 1.4% of total assets), but 58.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
41.9%
Return on assets
8.5%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 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
28 d late
2024
29 d late
2023
31 d late
2022
58 d late
2021
31 d late
2020
88 d late
2019
59 d late
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€319k▲ 25.3%
2024 · €255k
2018: €80k
2019: €134k
2020: €152k
2021: €199k
2022: €224k
2023: €206k
2024: €255k
2018 → 2025
Total assets
€761k▲ 17.1%
2024 · €650k
2018: €290k
2019: €263k
2020: €353k
2021: €464k
2022: €502k
2023: €530k
2024: €650k
2018 → 2025
Net result
€64k▲ 33.7%
2024 · €48k
2018: €-28k
2019: €53k
2020: €18k
2021: €47k
2022: €26k
2023: €-18k
2024: €48k
2018 → 2025
Working capital
€299k▲ 29.6%
2024 · €230k
2018: €56k
2019: €111k
2020: €89k
2021: €148k
2022: €180k
2023: €174k
2024: €230k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€199k-€224k▲ 12.9%€206k▼ 8.0%€255k▲ 23.4%€319k▲ 25.3%
Operating result€60k-€33k▼ 44.5%€-19k€56k€89k▲ 58.0%
Net result€47k-€26k▼ 45.0%€-18k€48k€64k▲ 33.7%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 58% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €761k
Fixed assets
€20k▼ 15.7%
Current assets
€741k▲ 18.3%
Equity and liabilities €761k
Equity
€319k▲ 25.3%
Debt
€442k▲ 11.8%
The debt ratio falls from 60.8% to 58.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€98k▲
2024 · €68k
Cash flow
€74k▲
2024 · €60k
Solvency
41.9%▲
2024 · 39.2%
Current ratio
1.68▲
2024 · 1.58
Quick ratio
1.49▲
2024 · 1.39
Debt / equity
1.39▼
2024 · 1.55
ROE
20.2%▲
2024 · 18.9%
ROA
8.5%▲
2024 · 7.4%
Interest coverage
1433.68▲
2024 · 524.12
Debt
€442k▲
2024 · €396k
Debt ≤ 1 year
€442k▲
2024 · €396k
Income taxes
€25k▲
2024 · €8k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€650k€761k▲
Fixed assets21/28€24k€20k▼
Tangible fixed assets22/27€20k€13k▼
Plant, machinery and equipment23€4k€2k▼
Furniture and vehicles24€7k€2k▼
Other tangible fixed assets26€9k€8k▼
Financial fixed assets28€5k€7k▲
Current assets29/58€626k€741k▲
Stocks and contracts in progress3€76k€83k▲
Stocks30/36€76k€83k▲
Amounts receivable within one year40/41€538k€646k▲
Trade receivables40€319k€412k▲
Other amounts receivable41€220k€234k▲
Cash at bank and in hand54/58€10k€10k▲
Deferred charges and accrued income490/1€1k€944▼
Equity and liabilities
Total equity and liabilities10/49€650k€761k▲
Equity10/15€255k€319k▲
Contributions10/11€14k€14k=
Reserves13€240k€305k▲
Distributable reserves133€240k€305k▲
Amounts payable17/49€396k€442k▲
Amounts payable within one year42/48€396k€442k▲
Trade debts44€354k€379k▲
Suppliers440/4€354k€379k▲
Taxes, remuneration and social security45€42k€63k▲
Taxes450/3€41k€63k▲
Remuneration and social security454/9€1k€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€9k▼
Other operating charges640/8€1k€6k▲
Gross operating margin9900€69k€105k▲
Operating profit (loss)9901€56k€89k▲
Financial income75/76B€365€9▼
Recurring financial income75€365€9▼
Financial charges65/66B€130€69▼
Recurring financial charges65€130€69▼
Profit (loss) for the period before taxes9903€57k€89k▲
Income taxes67/77€8k€25k▲
Profit (loss) for the period9904€48k€64k▲
Profit (loss) for the period to be appropriated9905€48k€64k▲
Appropriation of the result
Profit (loss) to be appropriated9906€48k€64k▲
Transfer from equity791/2€0-
Transfer to equity691/2€48k€64k▲
To contributions691€0-
To the legal reserve6920€48k€64k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 28 days late
2025
31-12
Financial
Highest result since 2018net €64k ▲33.7%
Operating result €89k, net result €64k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Back to profitnet €48k
Net result €48k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 31 days late
2023
27-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 58 days late
2022
31-12
Financial
Equity above €200kEq €224k ▲12.9%
4 profitable years in a row build equity to €224k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 88 days late
2020
31-12
Financial
Equity above €150kEq €152k ▲13.8%
2 profitable years in a row build equity to €152k.
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 59 days late
2019
31-12
Financial
Back to profitnet €53k
Net result €53k after one loss-making year.
31-12
Financial
Equity above €100kEq €134k ▲66.7%
Equity rises from €80k to €134k.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2023
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
20-04-2023
Hikmet Türkan: Resigned as Director
20-04-2023
Mehmet Bakirhan: Resigned as Director
Location & real-estate footprint
Registered office, Turnhout · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Schildershof 14/22300 TurnhoutGround area
1.0 ha
Building footprint
6,054 m²
Volume, LiDAR
5,434 m³
2 parcels, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Industriedijk 10, 2300 Turnhout
since 20172.288.822.193
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13453O1558/00A000 | Flanders | 5,145 m² | 1 · 1,451 m² | 8.5 m · 2 fl. |
| 13452M0520/00D000 | Flanders | 4,984 m² | 1 · 4,603 m² | 1.0 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteTurnhout2.288.822.193
Similar companies · same sector, comparable size
CH4
BE 0666.680.208
Gent · Eq €322k
VITAVERDE.BIO
BE 0424.053.316
Dison · Eq €313k
SPELT BAKKERIJ PRODUKTEN
BE 0478.294.627
Maasmechelen · Eq €313k
STEVIALA
BE 0884.964.553
Kapellen · Eq €312k
DELOBELLE FOOD SERVICE
BE 0890.960.440
Gent · Eq €311k
Of 1,428 companies in sector 46389 we hold annual accounts for 855. 585 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-04-2005
Fiscal year end31-12
Activities, NACEBEL
46389Wholesale of other food products
46392Non-specialised wholesale
46900Non-specialised wholesale trade
51384
51900
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.