SARBEC BELUX
ActiveSARBEC BELUX has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €345k and a net result of €471k. Equity is shrinking by ~7.5% per year across the filed fiscal years. Its solvency ranks better than 16% of 5989 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
52
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability78▲+32
Solvency37▼-58
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity tight (current ratio 1.14 against 3.28 in 2023; short-term debt: 88.1% and cash: 0.1% of total assets), and 88.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 5989 sector peers (2024).
NBB · sector comparisonPosition among 5989 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-06-2025, 48 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
48 d early
2023
47 d early
2022
52 d early
2021
31 d early
2020
12 d early
2019
40 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€471k▲ 390%
2023 · €96k
2018: €143k
2019: €312k
2020: €161k
2021: €97k
2022: €128k
2023: €96k
2018 → 2024
Working capital
€344k▼ 81.6%
2023 · €1.87M
2018: €1.89M
2019: €2.20M
2020: €2.36M
2021: €2.46M
2022: €1.78M
2023: €1.87M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€2.36M-€2.46M▲ 4.1%€1.78M▼ 27.7%€1.87M▲ 5.4%€345k▼ 81.6%
Operating result€205k-€137k▼ 33.3%€169k▲ 23.8%€91k▼ 46.2%€520k▲ 472%
Net result€161k-€97k▼ 39.7%€128k▲ 31.5%€96k▼ 24.6%€471k▲ 390%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 472% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.89M
Fixed assets
€663▼ 16.6%
Current assets
€2.89M▲ 7.4%
Equity and liabilities €2.89M
Equity
€345k▼ 81.6%
Debt
€2.55M▲ 210%
The debt ratio rises from 30.5% to 88.1%. Equity is lower and debt is higher.
Key figures and ratios
Solvency
11.9%▼
2023 · 69.5%
Current ratio
1.14▼
2023 · 3.28
Quick ratio
1.14▼
2023 · 3.28
Debt / equity
7.39▲
2023 · 0.44
ROE
136.5%▲
2023 · 5.1%
ROA
16.3%▲
2023 · 3.6%
Debt
€2.55M▲
2023 · €822k
Debt ≤ 1 year
€2.55M▲
2023 · €822k
Income taxes
€163k▲
2023 · €34k
Staff costs
€59k▲
2023 · €54k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€2.70M€2.89M▲
Fixed assets21/28€795€663▼
Financial fixed assets28€795€663▼
Current assets29/58€2.70M€2.89M▲
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Stocks and contracts in progress3€0-
Stocks30/36€0-
Amounts receivable within one year40/41€2.54M€2.87M▲
Trade receivables40€514k€523k▲
Other amounts receivable41€2.02M€2.34M▲
Cash at bank and in hand54/58€154k€4k▼
Deferred charges and accrued income490/1€3k€23k▲
Equity and liabilities
Total equity and liabilities10/49€2.70M€2.89M▲
Equity10/15€1.87M€345k▼
Contributions10/11€100k€100k=
Capital10€100k€100k=
Issued capital100€100k€100k=
Reserves13€760k€245k▼
Non-distributable reserves130/1€56k€56k=
Legal reserve130€56k€56k=
Distributable reserves133€704k€189k▼
Profit (loss) carried forward14€1.01M€0▼
Amounts payable17/49€822k€2.55M▲
Amounts payable within one year42/48€822k€2.55M▲
Trade debts44€811k€461k▼
Suppliers440/4€811k€461k▼
Taxes, remuneration and social security45€11k€89k▲
Taxes450/3€5k€84k▲
Remuneration and social security454/9€6k€5k▼
Other amounts payable47/48€0€2.00M▲
Income statement
Code20232024
Non-recurring operating income76A€31k€0▼
Remuneration, social security and pensions62€54k€59k▲
Other operating charges640/8€6k€4k▼
Non-recurring operating charges66A€17k€0▼
Gross operating margin9900€168k€583k▲
Operating profit (loss)9901€91k€520k▲
Financial income75/76B€48k€116k▲
Recurring financial income75€48k€116k▲
Financial charges65/66B€9k€2k▼
Recurring financial charges65€9k€2k▼
Profit (loss) for the period before taxes9903€130k€634k▲
Income taxes67/77€34k€163k▲
Profit (loss) for the period9904€96k€471k▲
Profit (loss) for the period to be appropriated9905€96k€471k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.01M€1.48M▲
Profit (loss) brought forward from the previous period14P€917k€1.01M▲
Transfer from equity791/2-€515k
Profit to be distributed694/7-€2.00M
Return on contributions (dividend)694-€2.00M
Social balance
Average headcount (FTE)90871.01.0=
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
2025
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €471k ▲390%
Operating result €520k, net result €471k, both a record.
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €96k ▼24.6%
Net result drops to €96k, the lowest in the series; recovery starts the following year.
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
09-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 40 days late
2019
31-12
Financial
Equity above €2MEq €2.20M ▲16.5%
2 profitable years in a row build equity to €2.20M.
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 20 days late
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Mouscron · 1 establishment unit since 1982
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.
Gustave Fachedreef(L) 17700 MouscronGround area
4,973 m²
Building footprint
571 m²
Parcel 54006N0215/00G002, Wallonia. Linked by address, not a title deed.
1 establishment unit
Gustave Fachedreef(L) 1, 7700 Mouscron
since 19822.021.662.815
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 54006N0215/00G002 | Wallonia | 4,973 m² | 1 · 571 m² | - |
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
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INNOSOL
BE 1010.606.277
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Bio-Essentials
BE 0474.601.994
Turnhout · Eq €356k
RAVIER IMPORT
BE 0859.667.250
Merelbeke-Melle · Eq €359k
ALPHAMEGA
BE 0462.966.152
Braine-l'Alleud · Eq €329k
Of 798 companies in sector 46450 we hold annual accounts for 452. 313 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded01-12-1982
Fiscal year end31-12
Activities, NACEBEL
46450Wholesale of perfume and cosmetics
46180Agents specialised in the wholesale of other particular products
51180
Sources
Crossroads Bank for EnterprisesNational Bank · 42 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.