Equity
€1.2m ▲ 10.0%
Sarawak Belux paid out €850,000 in dividends. That is 88% of the 2025 profit.
Sarawak Belux
Lifetime
19 annual accounts with figures on one time axis, 23 filings since 2002Gross marginpeak €4.5m (2019)
-not published
Resultlowest -€27,462 (2010)
€962,051▲ 28.2%
Equitypeak €1.2m (2025)
€1.2m▲ 10.0%
Debts
€6.1m▲ 5.6%
Staffpeak 185.8 FTE (2025)
185.8 FTE▲ 7.5%
Board4 names since 2021
2 directorsDE ROUCK Thierry and 1 other
Owners2 names in the annual accounts
Documentsfilings and deeds
19-12-202543 days before the deadline
2025financial year
Turnover from €19.2m to €21.7mResult from €750,470 to €962,051Dividend €850,000Cash from €1.0m to €1.6m
Key points
from the 2025 annual accountsDebts
€6.1m 83% of the balance sheet
Financial debts 13%Suppliers 30%Taxes and wages 39%Other 19%
Of this, €5.1m falls due within a year.
Investments
€79,204 0.2 × depreciation
Green is investment, beige is depreciation.
Staff
194 employees on 30-06-2025
In 2025, 75 people joined and 73 left. On top of that, 0.4 agency workers worked there on average.
At the same address
42 companies
Position in the sector
€962,051
Higher net result than 90% of companies in advertising and market research. Sector median €33,793 · 846 companies.
Checked score
94
Excellent
Financially stronger than 52% of medium-sized companies in advertising and market research (NACE 73)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 117 companies (NACE 73, medium-sized).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%highest value
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026lowest value
09-2026: 0.1%● unchanged vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Equity €1.2m (16.9% of total assets)
lowers risk
Liquidity: current ratio 1.17, cash €1.6m
Founded in 2001
Size: turnover €21.7m, 185.8 FTE, total assets €7.3m
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 73, medium-sized). It does better than 20% of them on solvency, 38% on liquidity, 78% on profitability and 73% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 378 companies had the same profile as Sarawak Belux has now. Each dot is one company, two years later.
97.4%
were still trading
2.4%
stopped another way
0.3%
went bankrupt
That fits the bankruptcy probability of Sarawak Belux itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 378 companies, not a prediction for Sarawak Belux. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €110,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.17 (1.2 in 2024), below the usual 1.5. Short-term debt is 70% and cash 22.5% of total assets. 83.1% of the assets are financed with debt and provisions.
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Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 845 sector peers (2025).
NBB · sector comparisonPosition among 845 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 19-12-2025, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
43 days early
2024
42 days early
2023
29 days early
2022
14 days early
2021
18 days early
2020
24 days early
2019
6 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 23 days before the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 2 January (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end05-11-2026 today31-01-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0476212689
Reappointment: VRC Bedrijfsrevisoren BV (statutory auditor)
General meeting of 02-12-2024 · Gazette deed
Merger: Sarawak Belux takes over SARAWAK NV
General meeting of 30-11-2021 · Gazette deed
Company renamed from THINK AND GO to Sarawak Belux
Resignations: SRWK (director) and DE ROUCK Thierry (director) · Permanent representative: MAINDIAUX Guy · Appointments: SRWK (director) and DE ROUCK Thierry (director) · General meeting of 30-06-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Turnover | EBIT margin | Solvency | Staff |
|---|---|---|---|---|
| Sarawak Belux Oudenaarde | €21.7m | 8.1% | 16.9% | 185.8 |
| HAMILTON BRIGHT Antwerp | €22.1m | 5.6% | 46.7% | 246.3 |
| FCR MEDIA BELGIUM Antwerp | €26.3m | -5.3% | -3.4% | 163.3 |
| SHELF SERVICE Asse | €19.9m | 2.9% | 37.7% | 130.3 |
| Impact Sales & Marketing Belux Zaventem | €13.9m | 4.0% | 31.0% | 174.7 |
| VML Belgium Antwerp | €21.0m | -3.2% | 58.9% | 89.5 |
| COOP Belgium Lennik | €21.6m | 0.3% | 1.2% | - |
Grey: the largest companies of the sector (advertising and market research (NACE 73)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as Sarawak Belux: advertising agencies (NACE 73110). They are comparable in size and age: total assets between €5.5m and €13m, founded between 1989 and 2008.
Official details
Source: KBO- Status
- Active since 11-12-2001Normal situation
- Registered office
- 43 active companies are registered at this address2 started in the 12 months before. Source: KBO register, as of 5 November 2026.
- Activity
- Advertising agenciesNACE 73110and 5 others
- Establishment units
- 2.101.452.6399700 Oudenaarde, since 17-12-2001
- 2.234.513.2791702 Dilbeek, since 25-06-2014
- Financial year end
- 30 June
- Peppol
- Reachable since 10-07-2026
Annual accounts to 30-06-2025
- Total assets
- €7.3m▲ 6.0%
- Employeeson 30-06-2025
- 194▲ 1.0%
- Filing
- Filed on 19-12-2025, 43 days before the end of the filing period
Insights on Sarawak Belux
Sarawak Belux has been active since 2001 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.2m and a net result of €962,051.
Equity has been growing by about 14% per year since 2019. Its solvency ranks better than 25% of 845 sector peers (NACE 73, financial year 2025).
The computed 12-month bankruptcy probability is 0.1% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Sarawak Belux
- What is the company number of Sarawak Belux?
- The company number of Sarawak Belux is 0476.212.689. The VAT number is the same number with BE in front: BE 0476.212.689.
- Where is Sarawak Belux based?
- The registered office is at Meersbloem-Melden 46, 9700 Oudenaarde.Company details
- What does Sarawak Belux do?
- According to the KBO register, the main activity is advertising agencies (NACE 73110).
- What is the legal form of Sarawak Belux?
- Sarawak Belux is a public limited company (NV).
- When was Sarawak Belux founded?
- Sarawak Belux was founded on 11-12-2001.
- Is Sarawak Belux still active?
- Yes, Sarawak Belux is an active enterprise in the KBO register.
- How many employees does Sarawak Belux have?
- Sarawak Belux had an average of 185.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of Sarawak Belux?
- The turnover of Sarawak Belux was €21.7m in financial year 2025, according to the filed annual accounts.
- Is Sarawak Belux profitable?
- In financial year 2025, Sarawak Belux made a profit of €962,051.
- Where can I find the annual accounts of Sarawak Belux?
- Sarawak Belux filed 23 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Sarawak Belux due?
- Sarawak Belux must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
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