SARBAT (0715.517.431): financials and annual accounts

SARBAT

Antwerp ·KBO/BCE: BE 0715.517.431

Line	2025	2024	2023	2022	2021	2020	2019
Balance sheet: assets
Total assets`20/58`	139,854	114,170	118,688	74,144	41,513	45,167	41,339
Fixed assets`21/28`	42,072	49,587	57,358	24,082	908	-	-
Tangible fixed assets`22/27`	18,572	26,087	33,858	582	908	-	-
Furniture and vehicles`24`	433	1,150	2,124	582	908	-	-
Leasing and similar rights`25`	18,139	24,937	31,734	-	-	-	-
Financial fixed assets`28`	23,500	23,500	23,500	23,500	-	-	-
Current assets`29/58`	97,782	64,583	61,330	50,063	40,605	45,167	41,339
Stocks and contracts in progress`3`	56,367	1,050	850	2,461	21,011	20,121	23,250
Stocks`30/36`	56,367	1,050	850	2,461	21,011	20,121	23,250
Amounts receivable within one year`40/41`	15,648	13,522	36,335	26,413	15,855	20,749	16,747
Trade receivables`40`	2,678	-	9,922	-	7,596	12,489	-
Other amounts receivable`41`	12,971	13,522	26,413	26,413	8,259	8,259	16,747
Cash at bank and in hand`54/58`	25,403	49,669	24,145	21,189	3,739	4,298	1,342
Deferred charges and accrued income`490/1`	365	342	-	-	-	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	139,854	114,170	118,688	74,144	41,513	45,167	41,339
Equity`10/15`	62,797	55,992	30,437	23,796	12,756	10,459	6,696
Contributions`10/11`	6,200	6,200	6,200	6,200	6,200	6,200	6,200
Issued capital`100`	-	-	-	-	-	-	18,600
Uncalled capital`101`	-	-	-	-	-	-	12,400
Reserves`13`	496	496	496	496	496	496	496
Non-distributable reserves`130/1`	496	496	496	496	496	496	-
Legal reserve`130`	-	-	-	-	-	-	496
Reserves not available under the articles`1311`	496	496	496	496	496	496	-
Profit (loss) carried forward`14`	56,101	49,296	23,741	17,099	6,060	3,763	-
Amounts payable`17/49`	77,057	58,178	88,251	50,349	28,757	34,709	34,643
Amounts payable after more than one year`17`	14,483	21,831	27,308	-	-	-	-
Financial debts`170/4`	14,483	21,831	27,308	-	-	-	-
Amounts payable within one year`42/48`	62,574	36,348	60,943	50,349	28,757	34,709	34,643
Current portion of amounts payable after more than one year`42`	7,348	5,477	5,073	-	-	-	-
Trade debts`44`	8,828	233	21,059	14,073	9,223	18,278	18,449
Suppliers`440/4`	8,828	233	21,059	14,073	9,223	18,278	18,449
Taxes, remuneration and social security`45`	31,499	23,338	27,510	36,275	19,534	16,430	16,194
Taxes`450/3`	29,694	23,338	27,510	36,275	16,459	16,430	15,194
Remuneration and social security`454/9`	1,805	-	-	-	3,075	-	1,000
Other amounts payable`47/48`	14,899	7,300	7,300	-	-	-	-
Income statement
Turnover`70`	178,201	204,041	121,016	-	139,686	121,330	118,599
Non-recurring operating income`76A`	-	-	-	48,400	-	-	-
Gross operating margin`9900`	35,723	48,149	37,212	46,357	9,674	7,021	3,392
Goods, raw materials, services and sundry goods`60/61`	142,478	155,892	83,804	-	135,730	128,424	115,208
Remuneration, social security and pensions`62`	7,705	-	-	-	-	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	7,515	7,771	2,865	326	71	-	-
Other operating charges`640/8`	5,135	3,362	5,886	3,039	5,360	2,292	2,106
Non-recurring operating charges`66A`	-	540	-	11,834	-	-	-
Operating profit (loss)`9901`	15,367	36,477	28,461	31,157	4,243	4,730	1,286
Financial income`75/76B`	-	-	-	1,195	1	0	-
Recurring financial income`75`	-	-	-	1,195	1	0	-
Financial charges`65/66B`	3,643	1,607	1,280	1,540	1,508	967	790
Recurring financial charges`65`	3,643	1,607	1,280	1,540	1,508	967	790
Profit (loss) for the period before taxes`9903`	11,724	34,870	27,181	30,812	2,737	3,763	496
Income taxes`67/77`	4,919	9,315	20,539	19,773	440	-	-
Profit (loss) for the period`9904`	6,805	25,555	6,642	11,040	2,297	3,763	496
Profit (loss) for the period to be appropriated`9905`	6,805	25,555	6,642	11,040	2,297	3,763	496
Appropriation of the result
Profit (loss) to be appropriated`9906`	56,101	49,296	23,741	17,099	6,060	3,763	496
Profit (loss) brought forward from the previous period`14P`	49,296	23,741	17,099	6,060	3,763	-	-
Transfer to equity`691/2`	-	-	-	-	-	-	496
To the legal reserve`6920`	-	-	-	-	-	-	496
Social balance sheet
Average staff (FTE)`9087`	0.6	-	-	-	-	-	-
Hours worked`1013`	1,024	-	-	-	-	-	-
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF

Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	31-08-2026	2026-00505135	PDF
31-12-2024	micro format	29-08-2025	2025-00445314	PDF
31-12-2023	micro format	30-07-2024	2024-00305643	PDF
31-12-2022	micro format	01-09-2023	2023-00413527	PDF
31-12-2021	micro format	02-09-2022	2022-20414185	PDF
31-12-2020	micro format	28-07-2021	2021-41300178	PDF
31-12-2019	micro format	30-09-2020	2020-57600143	PDF

Line	2025	2024	2023	2022	2021	2020	2019
EBITDA	22,882	44,247	31,326	31,483	4,314	-	-
Cash flow	14,320	33,326	9,506	11,366	2,368	-	-
Investment in fixed assets (approximation)	0	0	36,141	23,500	979	-	-
Change in cash	-24,266	25,524	2,956	17,449	-558	2,956	-
Working capital	35,208	28,236	387	-286	11,848	10,459	6,696
EBIT margin	8.6%	17.9%	23.5%	-	3.0%	3.9%	1.1%
Solvency	44.9%	49.0%	25.6%	32.1%	30.7%	23.2%	16.2%
Current ratio	1.56	1.78	1.01	0.99	1.41	1.30	1.19
Quick ratio	0.66	1.75	0.99	0.95	0.68	0.72	0.52
Debt to equity	1.23	1.04	2.90	2.12	2.25	3.32	5.17
ROE	10.8%	45.6%	21.8%	46.4%	18.0%	36.0%	7.4%
ROA	4.9%	22.4%	5.6%	14.9%	5.5%	8.3%	1.2%
Interest coverage	6.28	27.54	24.47	20.44	2.86	-	-
Customer credit	5 days	24 days	30 days	-	20 days	38 days	52 days
Supplier credit	23 days	1 day	92 days	-	25 days	52 days	58 days

Item	31-12-2025
Average over the year, in full-time equivalents	0.6
Joined	2
Left	2

Item	2025	2024	2023	2022	2021
Tangible fixed assets	-	-	€36,141	-	€979
Financial fixed assets	-	-	-	€23,500	-
Depreciation and write-downs of the year	€7,515	€7,771	€2,865	€326	€71

SARBAT

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency44.9%

Current ratio1.56

Return on assets4.9%

Staff

Staff cost per FTE€12,842

Joined and left+0

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Investments

Insights on SARBAT

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