SARABO
ActiveSARABO has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €171k and a net result of €-18k. Equity is shrinking by ~4% per year across the filed fiscal years. Its solvency ranks better than 49% of 679 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency29▼-7
Growth32▼-46
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days only on tighter terms
Liquidity short (current ratio 0.44 against 0.53 in 2024), and 73.7% 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Sector 55
higher
← fewer bankruptcies
more bankruptcies →
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
35 d early
2023
30 d early
2022
16 d early
2021
23 d early
2020
31 d late
2019
15 d early
← 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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€171k▼ 9.4%
2024 · €188k
2018: €172k
2019: €164k
2020: €151k
2021: €152k
2022: €132k
2023: €123k
2024: €188k
2018 → 2025
Total assets
€650k▲ 1.5%
2024 · €641k
2018: €194k
2019: €175k
2020: €448k
2021: €686k
2022: €618k
2023: €603k
2024: €641k
2018 → 2025
Net result
€-18k
2024 · €66k
2018: €15k
2019: €-7k
2020: €-13k
2021: €1k
2022: €-20k
2023: €-9k
2024: €66k
2018 → 2025
Working capital
€-134k▼ 26.6%
2024 · €-106k
2018: €101k
2019: €94k
2020: €6k
2021: €-177k
2022: €-184k
2023: €-181k
2024: €-106k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€152k-€132k▼ 13.4%€123k▼ 6.8%€188k▲ 53.5%€171k▼ 9.4%
Operating result€4k-€-16k€-5k▲ 69.1%€70k€-15k
Net result€1k-€-20k€-9k▲ 56.2%€66k€-18k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €15k after €70k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €650k
Fixed assets
€547k▲ 5.2%
Current assets
€103k▼ 14.6%
Equity and liabilities €650k
Equity
€171k▼ 9.4%
Debt
€479k▲ 6.0%
The debt ratio rises from 70.6% to 73.7%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€30k▼
2024 · €112k
Cash flow
€28k▼
2024 · €108k
Solvency
26.3%▼
2024 · 29.4%
Current ratio
0.44▼
2024 · 0.53
Quick ratio
0.44▼
2024 · 0.53
Debt / equity
2.81▲
2024 · 2.40
ROE
-10.4%▼
2024 · 34.9%
ROA
-2.7%▼
2024 · 10.3%
Interest coverage
8.27▼
2024 · 33.40
Debt
€479k▲
2024 · €452k
Debt ≤ 1 year
€237k▲
2024 · €227k
Debt > 1 year
€242k▲
2024 · €225k
Income taxes
€60▼
2024 · €794
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€641k€650k▲
Fixed assets21/28€519k€547k▲
Tangible fixed assets22/27€519k€547k▲
Land and buildings22€432k€428k▼
Plant, machinery and equipment23€51k€42k▼
Furniture and vehicles24€37k€76k▲
Current assets29/58€121k€103k▼
Amounts receivable within one year40/41€10k€86k▲
Trade receivables40€5k€11k▲
Other amounts receivable41€5k€74k▲
Cash at bank and in hand54/58€108k€12k▼
Deferred charges and accrued income490/1€3k€6k▲
Equity and liabilities
Total equity and liabilities10/49€641k€650k▲
Equity10/15€188k€171k▼
Contributions10/11€90k€90k=
Capital10€90k€90k=
Issued capital100€90k€90k=
Reserves13€98k€81k▼
Non-distributable reserves130/1€9k€9k=
Legal reserve130€9k€9k=
Distributable reserves133€89k€72k▼
Amounts payable17/49€452k€479k▲
Amounts payable after more than one year17€225k€242k▲
Financial debts170/4€225k€242k▲
Amounts payable within one year42/48€227k€237k▲
Current portion of amounts payable after more than one year42€23k€28k▲
Trade debts44€8k€7k▼
Suppliers440/4€8k€7k▼
Taxes, remuneration and social security45€1k€8k▲
Taxes450/3€24€51▲
Remuneration and social security454/9€1k€8k▲
Other amounts payable47/48€195k€195k=
Accrued charges and deferred income492/3€272-
Income statement
Code20242025
Non-recurring operating income76A€65k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€42k€45k▲
Other operating charges640/8€6k€6k▼
Gross operating margin9900€118k€36k▼
Operating profit (loss)9901€70k€-15k▼
Financial income75/76B€157€1k▲
Recurring financial income75€157€1k▲
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€66k€-18k▼
Income taxes67/77€794€60▼
Profit (loss) for the period9904€66k€-18k▼
Profit (loss) for the period to be appropriated9905€66k€-18k▼
Appropriation of the result
Profit (loss) to be appropriated9906€17k€-18k▼
Profit (loss) brought forward from the previous period14P€-49k-
Transfer from equity791/2-€18k
Transfer to equity691/2€17k-
To other reserves6921€17k-
The notes to these accounts (7 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
07-08
State Gazette act
Resignations & appointmentsGeneral meeting · Director reappointment · Mandate compensation6 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director reappointment · Mandate compensation6 facts ▸
- General meeting, 06/06/2026
- Director reappointment, Annemie Deconinck (bestuurder)
- Director reappointment, Joke Lemenu (bestuurder)
- Director reappointment, Ludwig Lemenu (bestuurder)
- Director reappointment, Ludwig Lemenu (gedelegeerd bestuurder)
- Mandate compensation, SARABO
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €66k
Net result €66k after 2 loss-making years.
31-12
Financial
Equity above €150kEq €188k ▲53.5%
Equity rises from €123k to €188k.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
15-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-20k ▼1885%
Net result drops to €-20k, the lowest in the series; recovery starts the following year.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €1k
Net result €1k after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 24 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
under verification, no change since 2026
This board is reconstructed from a single act (26101627). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Annemie Deconinck
CurrentDirector · since 06-06-2026
Joke Lemenu
CurrentDirector · since 06-06-2026
Ludwig Lemenu
CurrentManaging director · since 06-06-2026
06-06-2026
Annemie Deconinck: Mandate renewed as Director
06-06-2026
Joke Lemenu: Mandate renewed as Director
06-06-2026
Ludwig Lemenu: Mandate renewed as Managing director
06-06-2026
Ludwig Lemenu: Mandate renewed as Director
Location & real-estate footprint
Registered office, Heuvelland · 1 establishment unit since 1990
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.
Hellegatstraat(West) 88954 HeuvellandGround area
1,730 m²
Building footprint
290 m²
Volume, LiDAR
1,443 m³
Parcel 33030C0211/00C000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SARABO
since 19902.046.712.965
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33030C0211/00C000 | Flanders | 1,730 m² | 1 · 290 m² | 9.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
URGA
BE 0879.915.902
Merksplas · Eq €171k
DEPA NASSEN
BE 0835.923.729
Antwerpen · Eq €170k
AFCT
BE 0828.327.738
Pepinster · Eq €172k
LES MIDIS AU VERT
BE 0831.166.967
Stoumont · Eq €172k
Ferox P
BE 0445.840.308
Zele · Eq €175k
Of 2,993 companies in sector 55203 we hold annual accounts for 687. 505 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded20-10-1989
Fiscal year end31-12
Activities, NACEBEL
55203Holiday cottages, homes and apartments
47252Retail sale of beverages, general range
47279Other retail sale of food
47299Retail trade
55100Hotels and similar accommodation
56210Event catering
68203Renting and operating of own or leased non-residential real estate, excluding land
69202Legal and accounting activities
69209Other tax advisory services
74121
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.