S.A.C.B. · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of S.A.C.B. is 0.2% (very low). The 2024 annual accounts show equity of €91k and a net result of €50k. Equity is growing by ~43.4% per year across the filed fiscal years. Its solvency ranks better than 20% of 4829 sector peers (fiscal year 2024). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Signals

3 signals · with evidence

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 4829 sector peers (2024).

View the sector comparison

Consistently profitable

Positive net result in the two most recent financial years (2023 and 2024).

View the result trend

Growing equity

Equity grew over 2022-2024. Profits are largely retained rather than distributed.

View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 27 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-07-2025, 2 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

How we compute the deadline

The year end is derived from 8 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	29-07-2025	2 d early	2025-00323253
31-12-2023	31-07-2024	15-07-2024	16 d early	2024-00250720
31-12-2022	31-07-2023	09-08-2023	9 d late	2023-00327706
31-12-2021	31-07-2022	09-08-2022	9 d late	2022-20281580
31-12-2020	31-07-2021	23-08-2021	23 d late	2021-52800052
31-12-2019	31-07-2020	28-08-2020	28 d late	2020-48400119
31-12-2018	31-07-2019	27-08-2019	27 d late	2019-54800057
31-12-2017	31-07-2018	07-08-2018	7 d late	2018-44900433

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Established

Founded in 2016, 10 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.2% Very low

0%0,5%1,5%4%10%≥25%

Lower-failure-rate sector −Multiple establishment units +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€50k+470.6%

Working capital€-16k+35.1%

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 29-07-2025 with the NBB · fiscal year 2024 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~43.4%/year over 7 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 69, Legal & accounting · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	25.3%	61.0%	better than 20% of 4829 sector peers
Net result	€50k	€33k	better than 66% of 4826 sector peers
Equity	€91k	€59k	better than 65% of 4829 sector peers
Gross operating margin	€96k	€56k	better than 73% of 4824 sector peers
Total assets	€359k	€117k	better than 86% of 4829 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P20

Stable position over 2020-2024 · n=590-4829

Net result P66

Improving position over 2020-2024 · n=589-4826

Equity P65

Improving position over 2020-2024 · n=591-4829

Gross operating margin P73

Improving position over 2020-2024 · n=588-4824

Describes the position versus peers, not a forecast.

EBITDA

€95k

+229.1% 18-24

Net profit

€50k

+470.6% 18-24

Cash flow

€64k

+224.3% 18-24

Total assets

€359k

-38.2% 18-24

Equity

€91k

+122.3% 18-24

Working capital

€-16k

+35.1% 18-24

Income taxes

€21k

+217.8% 18-24

Debt

€268k

-50.3% 18-24

Show 9 other metrics

Debt ≤ 1y

€61k

-78.2% 18-24

Debt > 1y

€207k

-19.7% 18-24

Current ratio

0.75

-18.4% 18-24

Quick ratio

0.75

-18.4% 18-24

Solvency

25.3%

+259.5% 18-24

Debt / equity

2.95

-77.6% 18-24

ROE

55.0%

+156.7% 18-24

ROA

13.9%

+822.8% 18-24

Interest coverage

10.29

-18.7% 18-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	micro
Revenue	-
EBITDA	€95k
Net profit	€50k
Cash flow	€64k
Staff costs	-
Income taxes	€21k
Dividends	-
Total assets	€359k
Equity	€91k
Debt	€268k
of which ≤ 1y	€61k
of which > 1y	€207k
Working capital	€-16k
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	0.75
Quick ratio	0.75
Working capital ratio	-4.3%
Solvency	25.3%
Debt / equity	2.95
Long-term debt ratio	2.27
Interest coverage	10.29
Gross margin	-
Net margin	-
ROA	13.9%
ROE	55.0%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €313k · 87.2% Current assets €46k · 12.8%

Equity & liabilities

Equity €91k · 25.3% Debt €268k · 74.7%

Full annual accounts (24 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€359k
Fixed assets	21/28	€313k
Intangible fixed assets	21	€8k
Tangible fixed assets	22/27	€24k
Financial fixed assets	28	€282k
Current assets	29/58	€46k
Amounts receivable within one year	40/41	€20k
Cash & bank	54/58	€24k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€359k
Equity	10/15	€91k
Contributions / capital	10/11	€12k
Reserves	13	€79k
Amounts payable	17/49	€268k
Amounts payable after one year	17	€207k
Amounts payable within one year	42/48	€61k
Trade debts payable within one year	44	€1k
Income statement
Gross operating margin	9900	€96k
Operating result	9901	€81k
Financial income	75	€0
Financial charges	65	€9k
Result before taxes	9903	€71k
Income taxes	67/77	€21k
Net result for the period	9904	€50k
Result to be appropriated	9905	€50k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

66 / 100 Healthy

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

2 companies at this address See who is registered here

Establishment units

2 locations

S.A.C.B.

Schautenstraat 252C, 9990 MaldegemHoldings

since 20162.251.064.944

Baron Ruzettelaan 417, 8310 Brugge

Holdings

since 20212.324.463.062

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels3

Ground area2,111 m²

Buildings3

Building footprint570 m²

Volume (LiDAR)3,181 m³

Tallest building12.0 m · ±3 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 3 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
43503F0385/00G002	Flanders	1,024 m²	1 · 182 m²	6.5 m · 2 fl.
43503F0385/00L002	Flanders	707 m²	1 · 204 m²	7.9 m · 1 fl.
31434C0501/00C009	Flanders	379 m²	1 · 184 m²	12.0 m · 3 fl.

Methodology

via registered seat: 1 · via establishment units: 2

3 of 3 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

0 of 3 acts read

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.