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NBSAT

Open bankruptcy
Private limited companyfounded 2003Avenue du Chêne Saint-Jean 7, 6041 Charleroi, BelgiumKBO/BCE: BE 0480.020.831

A bankruptcy procedure is open for NBSAT according to publications in the Belgian State Gazette; curator: PIERRE LEMAIRE.

Summary

The 2023 annual accounts show equity of €213,890 and a net result of €61,727.

Are you a creditor?

Open bankruptcy Source: Belgian Official Gazette

If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.

The procedure

Court
Enterprise Court of Hainaut, Charleroi division
Declared bankrupt
5 January 2026
Supervising judge
Laurence Darquennes
Official Gazette
16-01-2026 (pdf) ↗search the document for 2026/101388

Deadlines

Provisional date payments stopped
5 January 2026A later judgment can change the date.art. XX.105 CEL
Appeal or third-party opposition until
passed on 31 January 2026Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
File the claim in RegSol until
passed on 4 February 2026art. XX.104 and XX.155 CEL
First verification report
passed on 4 March 2026Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
Late claim until
5 January 2027Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL

Curator

  • Pierre LemaireRue Tumelaire 65, 6000 Char- Leroi- . Date provisoire de cessation de paiement : 05/01/2026p.lemaire3@avocat.be

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.

The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.

File a claim in RegSol ↗ Watch Follow this bankruptcy: you are alerted when it is closed or reversed.

General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company

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Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 26-10-2024, 87 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 · 10 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
87 d late
2022
112 d late
2021
100 d late
2020
241 d late
2019
123 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 5 accounts on average 133 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 15 April 2003, NBSAT was incorporated.1 Total assets went from EUR 208,031 in 2018 to EUR 533,377 in 2023.2 The company was declared bankrupt on 5 January 2026.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2023
  3. 3Belgian State Gazette, 16-01-2026

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2023, micro schema

Turnover
€364,157
EBIT margin
15.5%
Net result
€61,727
2022 · -€28,117
Working capital
€210,084▲ 42.2%
2022 · €147,748
Trend over the years
In euros
In euros
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.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20192020202120222023
Turnover
Operating result€27,251▼ 51.7%€190,459▲ 599%€91,243▼ 52.1%-€26,254€79,764
Net result€18,484▼ 55.5%€140,210▲ 659%€64,091▼ 54.3%-€28,117€61,727
EBIT margin
Equity-€24,022▲ 43.5%€116,189€180,280▲ 55.2%€152,163▼ 15.6%€213,890▲ 40.6%
Total assets€158,034▼ 24.0%€321,640▲ 104%€353,842▲ 10.0%€499,475▲ 41.2%€533,377▲ 6.8%
Debt€182,056▼ 27.3%€205,452▲ 12.9%€173,562▼ 15.5%€347,312▲ 100%€319,486▼ 8.0%
Working capital-€46,032▲ 39.0%€62,528€139,027▲ 122%€147,748▲ 6.3%€210,084▲ 42.2%
Result per fiscal year
Operating resultNet result
-€100,000€0€100,000€200,000Operating result 2019: €27,251€27,251Net result 2019: €18,484€18,484Operating result 2020: €190,459€190,459Net result 2020: €140,210€140,210Operating result 2021: €91,243€91,243Net result 2021: €64,091€64,091Operating result 2022: -€26,254-€26,254Net result 2022: -€28,117-€28,117Operating result 2023: €79,764€79,764Net result 2023: €61,727€61,72720192020202120222023-€50,000€0€50,000€100,000Operating result 2021: €91,243€91,200Net result 2021: €64,091€64,100Operating result 2022: -€26,254-€26,300Net result 2022: -€28,117-€28,100Operating result 2023: €79,764€79,800Net result 2023: €61,727€61,700202120222023
The operating result returns to profit in 2023: €79,764 after a loss of €26,254 in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €533,377
Fixed assets €5,241 ▲ 18.7%
Current assets €528,135 ▲ 6.7%
Equity and liabilities €533,377
Equity €213,890 ▲ 40.6%
Debt €319,486 ▼ 8.0%
Debt's share of the balance-sheet total falls from 69.5% to 59.9%. Equity is higher and debt is lower.
Key figures and ratios
2023 value · change against 2022
EBITDA
€82,140
Cash flow
€64,103
Current ratio
1.66▲
2022 · 1.43
Quick ratio
1.61▲
2022 · 1.38
Debt to equity
1.49▼
2022 · 2.28
ROE
28.9%▲
2022 · -18.5%
ROA
11.6%▲
2022 · -5.6%
Interest coverage
38.91
Debt ≤ 1 year
€318,051▼
2022 · €347,312
Income taxes
€15,929
Staff costs
€76,470▲
2022 · €56,367
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2023 against 2022 · 46 lines
Balance sheet Code20222023
Assets
Total assets20/58€499,475€533,377▲
Fixed assets21/28€4,415€5,241▲
Tangible fixed assets22/27€4,415€5,241▲
Plant, machinery and equipment23€1,513€810▼
Furniture and vehicles24€2,902€4,431▲
Current assets29/58€495,060€528,135▲
Stocks and contracts in progress3€16,145€16,145=
Stocks30/36€16,145€16,145=
Amounts receivable within one year40/41€470,831€397,002▼
Trade receivables40€374,816€299,316▼
Other amounts receivable41€96,015€97,686▲
Cash at bank and in hand54/58€7,340€114,988▲
Deferred charges and accrued income490/1€744-
Equity and liabilities
Total equity and liabilities10/49€499,475€533,377▲
Equity10/15€152,163€213,890▲
Contributions10/11€75,000€75,000=
Reserves13€7,500€7,500=
Non-distributable reserves130/1€7,500€7,500=
Reserves not available under the articles1311€7,500€7,500=
Profit (loss) carried forward14€69,663€131,390▲
Amounts payable17/49€347,312€319,486▼
Amounts payable within one year42/48€347,312€318,051▼
Trade debts44€189,939€139,925▼
Suppliers440/4€189,939€139,925▼
Advances received on contracts in progress46€2,750€2,750=
Taxes, remuneration and social security45€122,785€143,537▲
Taxes450/3€98,520€110,196▲
Remuneration and social security454/9€24,265€33,341▲
Other amounts payable47/48€31,838€31,838=
Accrued charges and deferred income492/3-€1,435
Income statement Code20222023
Non-recurring operating income76A€7,615-
Remuneration, social security and pensions62€56,367€76,470▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€2,376
Other operating charges640/8€19,528€3,861▼
Gross operating margin9900€49,641€162,470▲
Operating profit (loss)9901-€26,254€79,764▲
Financial income75/76B€2€3▲
Recurring financial income75€2€3▲
Financial charges65/66B€1,865€2,111▲
Recurring financial charges65€1,865€2,111▲
Profit (loss) for the period before taxes9903-€28,117€77,656▲
Income taxes67/77-€15,929
Profit (loss) for the period9904-€28,117€61,727▲
Profit (loss) for the period to be appropriated9905-€28,117€61,727▲
Appropriation of the result
Profit (loss) to be appropriated9906€69,663€131,390▲
Profit (loss) brought forward from the previous period14P€97,780€69,663▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20192020202120222023Change
Non-recurring operating income76A---€7,615--
Remuneration, social security and pensions62--€59,758€56,367€76,470▲ 35.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11,005€6,921€12,408-€2,376-
Other operating charges640/8--€4,013€19,528€3,861▼ 80.2%
Gross operating margin9900€77,307€235,195€167,421€49,641€162,470▲ 227%
Operating profit (loss)9901€27,251€190,459€91,243-€26,254€79,764▲ 404%
Financial income75/76B--€109€2€3▲ 47.8%
Recurring financial income75€3,030€713€109€2€3▲ 47.8%
Financial charges65/66B--€1,898€1,865€2,111▲ 13.2%
Recurring financial charges65€592€624€1,898€1,865€2,111▲ 13.2%
Profit (loss) for the period before taxes9903€29,689€190,548€89,454-€28,117€77,656▲ 376%
Income taxes67/77€11,205€50,338€25,362-€15,929-
Profit (loss) for the period9904€18,484€140,210€64,091-€28,117€61,727▲ 320%
Profit (loss) for the period to be appropriated9905€18,484€140,210€64,091-€28,117€61,727▲ 320%
Line20192020202120222023Change
Assets
Total assets20/58€158,034€321,640€353,842€499,475€533,377▲ 6.8%
Fixed assets21/28€22,011€53,661€41,253€4,415€5,241▲ 18.7%
Tangible fixed assets22/27€22,011€53,661€41,253€4,415€5,241▲ 18.7%
Plant, machinery and equipment23--€2,215€1,513€810▼ 46.4%
Furniture and vehicles24--€39,038€2,902€4,431▲ 52.7%
Current assets29/58€136,023€267,980€312,589€495,060€528,135▲ 6.7%
Stocks and contracts in progress3€16,145€16,145€16,145€16,145€16,145=
Stocks30/36--€16,145€16,145€16,145=
Amounts receivable within one year40/41€40,063€152,282€280,782€470,831€397,002▼ 15.7%
Trade receivables40--€239,863€374,816€299,316▼ 20.1%
Other amounts receivable41--€40,918€96,015€97,686▲ 1.7%
Cash at bank and in hand54/58€79,815€99,025€15,659€7,340€114,988▲ 1,467%
Deferred charges and accrued income490/1--€4€744--
Equity and liabilities
Total equity and liabilities10/49€158,034€321,640€353,842€499,475€533,377▲ 6.8%
Equity10/15-€24,022€116,189€180,280€152,163€213,890▲ 40.6%
Contributions10/11€75,000€75,000€75,000€75,000€75,000=
Outside capital11--€75,000---
Other1109/19--€75,000---
Reserves13€7,500€7,500€7,500€7,500€7,500=
Non-distributable reserves130/1--€7,500€7,500€7,500=
Reserves not available under the articles1311--€7,500€7,500€7,500=
Profit (loss) carried forward14-€106,522€33,689€97,780€69,663€131,390▲ 88.6%
Amounts payable17/49€182,056€205,452€173,562€347,312€319,486▼ 8.0%
Amounts payable within one year42/48€182,056€205,452€173,562€347,312€318,051▼ 8.4%
Trade debts44€60,539€28,501-€189,939€139,925▼ 26.3%
Suppliers440/4---€189,939€139,925▼ 26.3%
Advances received on contracts in progress46--€2,750€2,750€2,750=
Taxes, remuneration and social security45--€138,974€122,785€143,537▲ 16.9%
Taxes450/3--€136,318€98,520€110,196▲ 11.9%
Remuneration and social security454/9--€2,656€24,265€33,341▲ 37.4%
Other amounts payable47/48--€31,838€31,838€31,838=
Accrued charges and deferred income492/3----€1,435-
Line20192020202120222023Change
Profit (loss) for the period9904€18,484€140,210€64,091-€28,117€61,727▲ 320%
+ Depreciation and write-downs630€11,005€6,921€12,408-€2,376-
Operating cash flow (approximation)€29,489€147,131€76,499-€28,117€64,103▲ 328%
Investment in fixed assets (approximation)--€38,571€0€36,838-€3,202▼ 109%
Change in cash-€19,210-€83,366-€8,319€107,648▲ 1,394%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
16-01
Bankruptcy Opening
Tribunal de l’entreprise du Hainaut, division Charleroi · event 05-01-2026
2024
26-10
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 87 days late
2023
31-12
Financial Back to profitnet €61,727
Net result €61,727 after one loss-making year.
31-12
Financial Equity above €200,000Eq €213,890 ▲40.6%
Equity rises from €152,163 to €213,890.
20-11
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 112 days late
2022
31-12
Financial Weakest financial yearnet -€28,117
Net result drops to -€28,117, the lowest in the series.
08-11
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 100 days late
29-03
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 241 days late
2021
31-12
Financial Equity above €150,000Eq €180,280 ▲55.2%
4 profitable years in a row build equity to €180,280.
2020
31-12
Financial Highest result since 2018net €140,210 ▲659%
Operating result €190,459, net result €140,210, both a record.
31-12
Financial Equity above €100,000Eq €116,189
3 profitable years in a row build equity to €116,189.
01-12
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 123 days late
Show earlier events
2019
31-12
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 153 days late
2018
12-12
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 134 days late
2017
27-09
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 58 days late
2016
31-08
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 31 days late
2015
22-07
NBB filing Annual accounts filed
fiscal year 2014 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts

We know of 11 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.

Directors · office · real estate

Directors
11 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, Charleroi · 2 establishment units since 2003
seat establishment approximate 1 of 2 establishment units on the map
Ground area
1,115 m²
Building footprint
1,134 m²
Volume, LiDAR
5,783 m³
Parcel 52028B0393/00T004, Wallonia · tallest building 5.9 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
NBSAT
Avenue du Chêne Saint-Jean 7, 6041 CharleroiRetail trade
since 20032.126.998.380
NBSAT
Pont du Christ 45, 1300 WavreRetail trade
since 20202.302.488.901
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
52028B0393/00T004 Wallonia 1,115 m² 1 · 1,134 m² 5.9 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Insolvency mandates

1 mandate
Role Name Tenure
Curator PIERRE LEMAIRE
RUE TUMELAIRE 65, 6000 CHAR- LEROI- . Date provisoire de cessation de paiement : 05/01/2026
05-01-2026 → present

Identification & contact

Identification
Legal formPrivate limited company
Founded15-04-2003
Fiscal year end31-12
Contact
E-mail nabilo-sat@hotmail.comCharleroi
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.