Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 44 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2025.
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Busy address KBO
27 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
SABO from Houthalen-Helchteren, company number BE0464597633, closed financial year 2025 with a result of € -9,617 after tax. For that financial year SABO recorded a gross margin of € 85,087 and equity of € 505,022. Compared with financial year 2024, the result moved from € -5,528 to € -9,617. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 22, 2026.
€ 505,022
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -9,617
▼ 74 % more loss than in 2024
Profit after tax over the fiscal year.
€ 58,334
▲ 26% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 205,022.
Debts at end 2025
€ 515,248
▼ 8% vs 2024
€ 51,958 is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 2,008
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 87,631 | € 312,302 | € 87,521 | € 85,087 | ▼ 3% |
| Profit after taxes | € 4,027 | € 215,592 | € -5,528 | € -9,617 | ▼ € 4,089 |
| Equity | € 304,574 | € 520,166 | € 514,638 | € 505,022 | ▼ 2% |
| Total debts | € 981,703 | € 699,871 | € 639,382 | € 598,128 | ▼ 6% |
| Cash | € 15,341 | € 54,021 | € 46,276 | € 58,334 | ▲ 26% |
| Land & buildings | € 1,252,395 | € 1,163,350 | € 1,103,864 | € 1,044,379 | ▼ 5% |
| Retained profit | € 4,574 | € 220,166 | € 214,638 | € 205,022 | ▼ 4% |
| Bank debt | € 649,300 | € 605,029 | € 560,827 | € 515,248 | ▼ 8% |
| Balance sheet total | € 1,286,277 | € 1,220,037 | € 1,154,021 | € 1,103,150 | ▼ 4% |
Key figures of SABO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to SABO?
What happened at SABO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- John Lenaers stepped down as director. NBB
- Ghislain Lenaers stepped down as director. NBB
- Corrected annual accounts filed for financial year 2025. Source: NBB ↗
- John Lenaers became a director. NBB
- Ghislain Lenaers became a director. NBB
- New establishment in Houthalen-Helchteren. KBO
- Start of the company according to the CBE. KBO
In short
From € 4,027 profit in 2022 to € 9,617 loss in 2025.
Best year ever: 2023, with € 215,592 profit.
Management
The stake of Group GL, GROUP GL International comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SABOThe shares are held by Group GL (100%) and GROUP GL International (100%).
Directors
According to the 2025 annual accounts
John Lenaers
Managing director
Owns 0.4% via Group GL
Also active at: GL Hospitality, ZUIDERRING INVEST, WEZEL, IMMO CURTIS, Algemene Ondernemingen G. LENAERS, GROUP GL International, GIROMA, BSL CONSTRUCT +34 more
since 2020 · until 2026
Ghislain Lenaers
Managing director
Also active at: WINKELCENTRUM ZUIDERRING, GL Hospitality, ZUIDERRING INVEST, WEZEL, IMMO CURTIS, Algemene Ondernemingen G. LENAERS, GROUP GL International, GIROMA +34 more
since 2020 · until 2026
Shareholders
Group GL · holding of John Lenaers
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Centrum-Zuid 3053
3530 Houthalen-Helchteren
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 27 companies are registered at this address.
All companies at this address →ZUIDERRING INVEST same network
€ -6,124 gross margin · 2025
Algemene Ondernemingen G. LENAERS same network
€ 9.4 million revenue · 2025
GROUP GL International same network
€ 6.9 million revenue · 2025
BSL CONSTRUCT same network
€ -2,302 gross margin · 2025
MOBILEX same network
€ 81,619 gross margin · 2025
+22 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0464.597.633
- VAT number
- BE 0464.597.633
- Registered office
- Centrum-Zuid 3053, 3530 Houthalen-Helchteren
- Names & denominations
- SABO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 16 November 1998
- Peppol
- Active · Active since 16 Sept 2025
- Activities · NACE
Bemiddeling in verband met exploitatie van en handel in onroerend goed
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis
Diverse ondersteunende activiteiten ten behoeve van voorzieningen
Algemene bouw van residentiële gebouwen
Optrekken van andere residentiële gebouwen en van kantoorgebouwen
Beheer van overig onroerend goed