SABRULCO
ActiveSABRULCO has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-3k) and a net result of €2k. Equity is shrinking by ~51.6% per year across the filed fiscal years. Its solvency ranks better than 8% of 27268 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
16
/ 100
Critical▲ +9 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-100
Solvency33▼-3
Growth58▲+26
Stability100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.44 against 0.61 in 2024), and equity is negative.
Credit advice for your own amount and term
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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-12.4%
Return on assets
6.2%
Age of the figures
11 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 27268 sector peers (2025).
NBB · sector comparisonPosition among 27268 sector peers
Solvency
better than 8%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 09-04-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 d early
2024
34 d early
2023
26 d early
2022
31 d early
2021
4 d early
2020
1 d early
2019
13 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
11-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€0
2023 · €0
2021: €0
2022: €0
2023: €0
2021 → 2025
Total assets
€28k▲ 229%
2024 · €9k
2018: €135k
2019: €97k
2020: €70k
2021: €40k
2022: €37k
2023: €38k
2024: €9k
2018 → 2025
Net result
€2k
2024 · €-22k
2018: €115
2019: €-12k
2020: €-18k
2021: €-16k
2022: €-12k
2023: €775
2024: €-22k
2018 → 2025
Working capital
€-18k▼ 227%
2024 · €-5k
2018: €58k
2019: €47k
2020: €30k
2021: €24k
2022: €15k
2023: €16k
2024: €-5k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€0-€0€0€0
Equity€28k-€16k▼ 43.4%€17k▲ 4.9%€-5k€-3k▲ 33.2%
Operating result€-16k-€-12k▲ 26.6%€1k€-21k€3k
Net result€-16k-€-12k▲ 25.8%€775€-22k€2k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €3k after a loss of €21k in 2024, the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €28k
Fixed assets
€14k▲ 8,715%
Current assets
€14k▲ 67.0%
Key figures and ratios
EBITDA
€5k▲
2024 · €-21k
Cash flow
€4k▲
2024 · €-22k
Solvency
-12.4%▲
2024 · -60.9%
Current ratio
0.44▼
2024 · 0.61
Quick ratio
0.39▼
2024 · 0.49
Debt / equity
-9.08▼
2024 · -2.64
ROE
-49.7%▼
2024 · 418.7%
ROA
6.2%▲
2024 · -255.2%
Interest coverage
4.93▲
2024 · -38.62
Debt
€32k▲
2024 · €14k
Debt ≤ 1 year
€32k▲
2024 · €14k
Income taxes
€0▼
2024 · €5
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€9k€28k▲
Fixed assets21/28€160€14k▲
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€160€14k▲
Plant, machinery and equipment23€0€0=
Furniture and vehicles24€160€14k▲
Other tangible fixed assets26€0€0=
Current assets29/58€8k€14k▲
Stocks and contracts in progress3€2k€2k▼
Stocks30/36€2k€2k▼
Amounts receivable within one year40/41€5k€11k▲
Trade receivables40€4k€10k▲
Other amounts receivable41€1k€1k▼
Cash at bank and in hand54/58-€0
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€9k€28k▲
Equity10/15€-5k€-3k▲
Contributions10/11€31k€31k=
Reserves13€0-
Distributable reserves133€0-
Profit (loss) carried forward14€-36k€-34k▲
Amounts payable17/49€14k€32k▲
Amounts payable within one year42/48€14k€32k▲
Financial debts43€1k€4k▲
Credit institutions430/8€1k€4k▲
Trade debts44€11k€16k▲
Suppliers440/4€11k€16k▲
Taxes, remuneration and social security45€1k€1k=
Taxes450/3€1k€1k=
Remuneration and social security454/9€0€0=
Other amounts payable47/48€576€11k▲
Accrued charges and deferred income492/3-€25
Income statement
Code20242025
Turnover70-€0
Goods, raw materials, services and sundry goods60/61-€0
Remuneration, social security and pensions62€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€210€2k▲
Other operating charges640/8€705€760▲
Gross operating margin9900€-20k€6k▲
Operating profit (loss)9901€-21k€3k▲
Financial income75/76B€29€22▼
Recurring financial income75€29€22▼
Financial charges65/66B€547€1k▲
Recurring financial charges65€547€1k▲
Profit (loss) for the period before taxes9903€-22k€2k▲
Income taxes67/77€5€0▼
Profit (loss) for the period9904€-22k€2k▲
Profit (loss) for the period to be appropriated9905€-22k€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-39k€-34k▲
Profit (loss) brought forward from the previous period14P€-17k€-36k▼
Transfer from equity791/2€3k-
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
27-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet €-22k ▼2918%
Net result drops to €-22k, the lowest in the series; recovery starts the following year.
04-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €775
Net result €775 after 4 loss-making years.
30-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
17-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 directors, last change in 2024
PILET Jean-Pierre
CurrentDirector (executive) · since 22-01-2024
PILET Julien
CurrentDirector (executive) · since 22-01-2024
22-01-2024
PILET Jean-Pierre: Appointed as Director (executive)
22-01-2024
PILET Julien: Appointed as Director (executive)
Not every act has been read: a resignation may be missing here
2 of this company's 2 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Wavre · 1 establishment unit since 1991
Ground area
158 m²
Building footprint
185 m²
Volume, LiDAR
1,326 m³
Parcel 25112D0184/00N002, Wallonia · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Camp Romain 20, 1300 Wavre
since 19912.053.731.609
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25112D0184/00N002 | Wallonia | 158 m² | 1 · 185 m² | 10.1 m · 2 fl. |
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.
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Of 9,475 companies in sector 43222 we hold annual accounts for 5,626. 3,238 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-06-1991
Fiscal year end30-09
Activities, NACEBEL
43222Installation of electric heating, air conditioning, cooling and ventilation
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.