SAS Group
ActiveSummary
The computed 12-month bankruptcy probability of SAS Group is 9.4% (elevated). The 2025 annual accounts show equity of €22,315 and a net result of €41,640. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 34% of 13683 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2025
Axes · tick = 2024
Profitability96▼-4
Solvency37▲+26
Growth78▲+20
Track record92
Bankruptcy probability, 12 months
9.4%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.68 against 0.53 in 2024; short-term debt: 88.4% and cash: 17.7% of total assets), and 88.4% of the assets are financed with debt.
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Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
11.6%
Return on assets
21.7%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
31 d late
2024
31 d late
2023
26 d late
2022
141 d late
2021
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 52 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Checked, nothing found (1)
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 31 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€22,315
2024 · -€19,325
Total assets
€191,923▲ 42.3%
2024 · €134,867
Net result
€41,640▲ 12.5%
2024 · €37,020
Working capital
-€53,783▲ 18.0%
2024 · -€65,618
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€18,160-€2,716-€48,683€37,909€43,219▲ 14.0%
Net result-€18,154below the sector's middle half-€1,907within the sector's middle half-€50,097below the sector's middle half€37,020above the sector's middle half€41,640above the sector's middle half▲ 12.5%
Equity-€8,154below the sector's middle half--€6,248below the sector's middle half▲ 23.4%-€56,345below the sector's middle half▼ 802%-€19,325below the sector's middle half▲ 65.7%€22,315within the sector's middle half
Total assets€25,245below the sector's middle half-€25,365below the sector's middle half▲ 0.5%€101,072within the sector's middle half▲ 298%€134,867within the sector's middle half▲ 33.4%€191,923within the sector's middle half▲ 42.3%
Debt€33,399-€31,613▼ 5.3%€157,417▲ 398%€154,192▼ 2.0%€169,608▲ 10.0%
Working capital-€22,425within the sector's middle half--€19,121within the sector's middle half▲ 14.7%-€117,147below the sector's middle half▼ 513%-€65,618below the sector's middle half▲ 44.0%-€53,783below the sector's middle half▲ 18.0%
Solvency-32.3%below the sector's middle half--24.6%below the sector's middle half▲ 7.7pp-55.7%below the sector's middle half▼ 31.1pp-14.3%below the sector's middle half▲ 41.4pp11.6%within the sector's middle half▲ 26.0pp
Current ratio0.33below the sector's middle half-0.40below the sector's middle half▲ 0.070.26below the sector's middle half▼ 0.140.53within the sector's middle half▲ 0.270.68within the sector's middle half▲ 0.16
Return on assets (ROA)-71.9%below the sector's middle half-7.5%within the sector's middle half▲ 79.4pp-49.6%below the sector's middle half▼ 57.1pp27.4%above the sector's middle half▲ 77.0pp21.7%above the sector's middle half▼ 5.8pp
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 14% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €191,923
Fixed assets
€76,098 ▲ 22.2%
Current assets
€115,825 ▲ 59.6%
Equity and liabilities €191,923
Equity
€22,315
Debt
€169,608
Debt finances 88.4% of the balance-sheet total.
Key figures and ratios
EBITDA
€53,568▲
2024 · €47,459
Cash flow
€51,989▲
2024 · €46,569
Quick ratio
0.66▲
2024 · 0.48
Debt to equity
7.60
ROE
186.6%
Interest coverage
33.81▼
2024 · 51.59
Debt ≤ 1 year
€169,608▲
2024 · €138,192
Staff costs
€126,294▲
2024 · €71,178
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,713 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.8%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 9.4% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,713 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €14,212 | €40,526 | €55,810 | €71,178 | €126,294 | ▲ 77.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,824 | €1,398 | €4,003 | €9,550 | €10,349 | ▲ 8.4% |
| Other operating charges640/8 | €1,935 | €2,228 | €3,294 | €6,243 | €6,418 | ▲ 2.8% |
| Non-recurring operating charges66A | €4,050 | - | - | - | - | - |
| Gross operating margin9900 | €3,862 | €46,868 | €14,425 | €124,880 | €186,279 | ▲ 49.2% |
| Operating profit (loss)9901 | -€18,160 | €2,716 | -€48,683 | €37,909 | €43,219 | ▲ 14.0% |
| Financial income75/76B | €5 | €0 | €0 | €31 | €6 | ▼ 80.3% |
| Recurring financial income75 | €5 | €0 | €0 | €31 | €6 | ▼ 80.3% |
| Financial charges65/66B | - | €810 | €1,248 | €920 | €1,584 | ▲ 72.2% |
| Recurring financial charges65 | - | €810 | €1,248 | €920 | €1,584 | ▲ 72.2% |
| Profit (loss) for the period before taxes9903 | -€18,154 | €1,907 | -€49,930 | €37,020 | €41,640 | ▲ 12.5% |
| Income taxes67/77 | - | - | €167 | - | - | - |
| Profit (loss) for the period9904 | -€18,154 | €1,907 | -€50,097 | €37,020 | €41,640 | ▲ 12.5% |
| Profit (loss) for the period to be appropriated9905 | -€18,154 | €1,907 | -€50,097 | €37,020 | €41,640 | ▲ 12.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €25,245 | €25,365 | €101,072 | €134,867 | €191,923 | ▲ 42.3% |
| Fixed assets21/28 | €14,271 | €12,873 | €60,802 | €62,293 | €76,098 | ▲ 22.2% |
| Intangible fixed assets21 | €4,354 | €3,854 | €44,262 | €39,483 | €34,703 | ▼ 12.1% |
| Tangible fixed assets22/27 | €3,312 | €2,414 | €9,935 | €16,205 | €34,790 | ▲ 115% |
| Furniture and vehicles24 | - | - | - | - | €3,633 | - |
| Other tangible fixed assets26 | €3,312 | €2,414 | €9,935 | €16,205 | €31,158 | ▲ 92.3% |
| Financial fixed assets28 | €6,605 | €6,605 | €6,605 | €6,605 | €6,605 | = |
| Current assets29/58 | €10,974 | €12,492 | €40,269 | €72,574 | €115,825 | ▲ 59.6% |
| Stocks and contracts in progress3 | €6,436 | €5,109 | €8,224 | €5,908 | €4,639 | ▼ 21.5% |
| Stocks30/36 | €6,436 | €5,109 | €8,224 | €5,908 | €4,639 | ▼ 21.5% |
| Amounts receivable within one year40/41 | €1,549 | €5,968 | €23,989 | €36,237 | €77,167 | ▲ 113% |
| Trade receivables40 | €1,549 | €5,968 | €23,989 | €34,760 | €76,551 | ▲ 120% |
| Other amounts receivable41 | - | - | - | €1,477 | €616 | ▼ 58.3% |
| Cash at bank and in hand54/58 | €2,196 | €220 | €6,357 | €28,692 | €34,019 | ▲ 18.6% |
| Deferred charges and accrued income490/1 | €793 | €1,195 | €1,699 | €1,737 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €25,245 | €25,365 | €101,072 | €134,867 | €191,923 | ▲ 42.3% |
| Equity10/15 | -€8,154 | -€6,248 | -€56,345 | -€19,325 | €22,315 | ▲ 215% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | -€18,154 | -€16,248 | -€66,345 | -€29,325 | €12,315 | ▲ 142% |
| Amounts payable17/49 | €33,399 | €31,613 | €157,417 | €154,192 | €169,608 | ▲ 10.0% |
| Amounts payable within one year42/48 | €33,399 | €31,613 | €157,417 | €138,192 | €169,608 | ▲ 22.7% |
| Trade debts44 | €4,196 | €783 | €50,699 | €57,397 | €79,439 | ▲ 38.4% |
| Suppliers440/4 | €4,196 | €783 | €50,699 | €57,397 | €79,439 | ▲ 38.4% |
| Taxes, remuneration and social security45 | €6,480 | €7,213 | €24,642 | €22,416 | €33,277 | ▲ 48.4% |
| Taxes450/3 | €747 | €3,302 | €4,562 | €5,495 | €5,909 | ▲ 7.5% |
| Remuneration and social security454/9 | €5,733 | €3,911 | €20,081 | €16,922 | €27,367 | ▲ 61.7% |
| Other amounts payable47/48 | €22,723 | €23,617 | €82,075 | €58,378 | €56,892 | ▼ 2.5% |
| Accrued charges and deferred income492/3 | - | - | - | €16,000 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€18,154 | €1,907 | -€50,097 | €37,020 | €41,640 | ▲ 12.5% |
| + Depreciation and write-downs630 | €1,824 | €1,398 | €4,003 | €9,550 | €10,349 | ▲ 8.4% |
| Operating cash flow (approximation) | -€16,330 | €3,305 | -€46,094 | €46,569 | €51,989 | ▲ 11.6% |
| Investment in fixed assets (approximation) | - | €0 | -€51,933 | -€11,040 | -€24,155 | ▼ 119% |
| Change in cash | - | -€1,976 | €6,137 | €22,334 | €5,328 | ▼ 76.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Highest result since 2021net €41,640 ▲12.5%
Operating result €43,219, net result €41,640, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Back to profitnet €37,020
Net result €37,020 after one loss-making year.
20-09
KBO administration
Address struck
Jan De Paduwaplaats L’adresse du siège Place Jean De Paduwa 18 Die Sitzadresse Place Jean De Paduwa / Jan
18 1140 Evere werd doorgehaald met ingang 1140 Evere · event 31-05-2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-12
Financial
Weakest financial yearnet -€50,097
Net result drops to -€50,097, the lowest in the series; recovery starts the following year.
19-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 141 days late
2022
31-12
Financial
Back to profitnet €1,907
Net result €1,907 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Evere · 2 establishment units since 2020
Ground area
867 m²
Building footprint
927 m²
Volume, LiDAR
6,770 m³
3 parcels, Brussels, Flanders · tallest building 17.3 m, ±4 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
2 establishment units
Le Jump
since 20202.306.833.214
FREE BALL
since 20232.348.759.384
3 parcels
Flanders
1
(33.3%)
Brussels
2
(66.7%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24055B0172/00B005 | Flanders | 629 m² | 1 · 721 m² | 8.0 m · 2 fl. |
| 21016B0276/00L050 | Brussels | 135 m² | 1 · 108 m² | 17.3 m · 4 fl. |
| 21372C0117/00S022 | Brussels | 102 m² | 1 · 98 m² | 15.3 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Subsidies and aid
Flemish government
2025 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Recognitions · licences · registrations
Food safety, FASFC
1 siteUkkel2.306.833.214
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Of 13,991 companies in this sector we hold annual accounts for 4,899. 4,025 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded30-07-2020
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
E-invoicing
Reachable via Peppol
Peppol ID
0208:0751650327
Also
9925:BE0751650327
Registered
12-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.