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 27450 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
43
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability68▲+68
Solvency13▲+13
Growth58▲+26
Track record100
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; short-term debt: 112.3% and cash: 0% of total assets), 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
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 27450 sector peers (2025).
NBB · sector comparisonPosition among 27450 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
16-09-2026 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 result in the available series.
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
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.
Directors · office · real estate
Directors
2 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, Wavre · 1 establishment unit since 1991
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.
Camp Romain 201300 WavreGround 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.
Similar companies · same sector, comparable size
AQUA-CHAUFFAGE SOLUTION
BE 0643.485.825
Lobbes · Eq €17k
Smart Ohm
BE 0739.661.523
Court-Saint-Etienne · Eq €17k
ISOLATION PIPING
BE 0763.902.912
Kraainem · Eq €17k
CLIMATHOME
BE 0770.278.780
Maasmechelen · Eq €17k
GUIOT-VOLANT CHAUFFAGE
BE 0844.535.844
Wanze · Eq €17k
Of 9,524 companies in sector 43222 we hold annual accounts for 5,658. 3,260 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 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.