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SAREZE

Active
Public limited companyfounded 201115 yrs activeEkkelgaarden 6 A, 3500 Hasselt, BelgiumKBO/BCE: BE 0839.374.454
Summary

The computed 12-month bankruptcy probability of SAREZE is 6.3% (elevated). The 2025 annual accounts show negative equity (-€315,429) and a net result of -€79,504. Equity is growing by ~3.2% per year across the filed fiscal years. Its solvency ranks better than 5% of 8593 sector peers (fiscal year 2025). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
SAREZEActiveChecked score 32/100
Risk analysis ReportCompare

Overview

Activity
Joinery installation
NACE 43320Manufacture of textiles NACE 13929
1 site
Size
€147,472total assets 2025
Staff
3.6 FTE
Equity
-€315,429
Loss
-€79,504
Turnover not published (abridged schema)
Financial health
32 Weak Checked score 2025
Bankruptcy chance 12 m
6.3%
Structure
Parent
SOMA · 100%
Accounts 28 d early0 of 11 deeds read
Why 32- Loss of €79,504, the second in a row (FY 2025)- 1 change of registered office in 24 months- Liquidity: current ratio 0.40, cash €0+ Size: total assets €147,472Show the evidence

Checked score

Score 2025
32 / 100
Weak
Probability in this band: 4.2% to 15.0%
Better than 5% of its sector peers (NACE 43, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 0=
equity -213.9% of total assets
Liquidity 0=
short-term debt 132.0% · cash 0.0%
Profitability 0-24
return on assets -53.9%
Bankruptcy probability, 12 months
6.3% Elevated
0%0.5%1.5%4%10%≥ 25%

About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,004 companies)
Last 15 months 08-2025: 1.5%lowest value 09-2025: 1.7%▲ +18.3% vs 08-2025 10-2025: 2.8%▲ +62.3% vs 09-2025 11-2025: 4.8%▲ +70.7% vs 10-2025 12-2025: 4.8%● 0.0% vs 11-2025 01-2026: 4.8%● 0.0% vs 12-2025 02-2026: 4.8%▲ +0.4% vs 01-2026 03-2026: 4.8%▼ -1.8% vs 02-2026 04-2026: 5.0%▲ +5.3% vs 03-2026 05-2026: 5.3%▲ +6.1% vs 04-2026 06-2026: 5.2%▼ -2.8% vs 05-2026 07-2026: 5.3%▲ +2.3% vs 06-2026 08-2026: 6.3%▲ +18.7% vs 07-2026highest value 09-2026: 6.3%● 0.0% vs 08-2026highest value 10-2026: 6.3%● 0.0% vs 09-2026highest value
  • Loss of €79,504, the second in a row (FY 2025) raises the probability
  • 1 change of registered office in 24 months raises the probability
  • Size: total assets €147,472 lowers the probability for this profile
  • Liquidity: current ratio 0.40, cash €0 raises the probability
No credit on open account
Liquidity short (current ratio 0.4 against 0.25 in 2024; short-term debt: 132% and cash: 0% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, micro). Better than this share of them on solvency 3%, liquidity 1%, profitability 4%, growth against the median 12%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Loss of €79,504, the second in a row (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
In the bankruptcy model this factor raises the probability.
Belgian State Gazette
lowers risk · Size: total assets €147,472
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.40, cash €0
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€315,429
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
28 d early
2024
39 d late
2023
13 d early
2022
on the day
2021
33 d early
2020
25 d early
2019
on the day
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 9 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (2)
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. Usually files around 19 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Annual accounts filedfiscal year 2024 · micro…
  3. Annual accounts filedfiscal year 2023 · micro…

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€315,429 View
  • Caution: Result fell in 2025from -€8,454 to -€79,504 ▼ 840% View
  • Caution: Among the weakest 5% on solvencysector median 44.2% · 8,593 companies -213.9% View
  • Controlled by SOMA 100% View
  • Caution: 2 loss-making years in a rowloss fiscal year 2025 -€79,504 View

By topic

Financials

Fiscal year
2025
Total assets
€147,472
Loss
-€79,504
Solvency
-213.9%
Total assets▲ 49.3%
Net result
20182025
Go to Financials

Timeline

Events
13
Since
2017
Next accounts
by 31-07-2027
  1. 03-07-2026Annual accounts filed
  2. 08-09-2025Annual accounts filed
  3. 18-07-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Joinery installationNACE 43320
Founded
01-09-2011
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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