RAJ SACH DEVA
Open bankruptcyA bankruptcy procedure is open for RAJ SACH DEVA according to publications in the Belgian State Gazette; curator: PASCAL LAMBERT.
Summary
The 2023 annual accounts show equity of €162,168 and a net result of €6,723.
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 Liège, Liège division
- Declared bankrupt
- 29 September 2025
- Supervising judge
- Alain Niessen
- Official Gazette
- 06-10-2025 (pdf) ↗search the document for 2025/140043
Deadlines
- Appeal or third-party opposition until
- passed on 21 October 2025Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 29 October 2025art. XX.104 and XX.155 CEL
- First verification report
- passed on 13 November 2025Goods 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
- 29 September 2026Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Pascal LambertRue De La Leche 36, 4020 Liege 2pascal.lambert@troxquet-avocats.com
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- 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.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 09-10-2024, 70 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 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
70 d late
2022
92 d late
2021
239 d late
2020
95 d late
2019
113 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 122 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Non-specialised retail sale with food, beverages or tobacco predominating sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Equity
€162,168▲ 4.3%
2022 · €155,445
Total assets
€541,492▲ 38.2%
2022 · €391,749
Net result
€6,723▼ 35.0%
2022 · €10,345
Working capital
€65,158▼ 48.3%
2022 · €126,034
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result€48,979▲ 123%€116,291▲ 137%€40,932▼ 64.8%€24,587▼ 39.9%€19,054▼ 22.5%
Net result€4,272▼ 70.6%€76,642above the sector's middle half▲ 1,694%€21,156within the sector's middle half▼ 72.4%€10,345within the sector's middle half▼ 51.1%€6,723within the sector's middle half▼ 35.0%
Equity€47,301▲ 9.9%€123,943above the sector's middle half▲ 162%€145,100above the sector's middle half▲ 17.1%€155,445above the sector's middle half▲ 7.1%€162,168above the sector's middle half▲ 4.3%
Total assets€248,601▲ 14.3%€309,704within the sector's middle half▲ 24.6%€292,989within the sector's middle half▼ 5.4%€391,749above the sector's middle half▲ 33.7%€541,492above the sector's middle half▲ 38.2%
Debt€162,894▼ 6.6%€185,761▲ 14.0%€147,889▼ 20.4%€236,304▲ 59.8%€379,324▲ 60.5%
Working capital€60,919€112,003above the sector's middle half▲ 83.9%€137,661above the sector's middle half▲ 22.9%€126,034above the sector's middle half▼ 8.4%€65,158within the sector's middle half▼ 48.3%
Solvency19.0%▼ 0.8pp40.0%within the sector's middle half▲ 21.0pp49.5%within the sector's middle half▲ 9.5pp39.7%within the sector's middle half▼ 9.8pp29.9%within the sector's middle half▼ 9.7pp
Current ratio1.37▲ 0.511.60within the sector's middle half▲ 0.231.93within the sector's middle half▲ 0.331.53within the sector's middle half▼ 0.401.17within the sector's middle half▼ 0.36
Return on assets (ROA)1.7%▼ 5.0pp24.7%above the sector's middle half▲ 23.0pp7.2%within the sector's middle half▼ 17.5pp2.6%within the sector's middle half▼ 4.6pp1.2%within the sector's middle half▼ 1.4pp
Staff (FTE)4.6▲ 21.1%1.6within the sector's middle half▼ 65.2%3.1▲ 93.8%4.2▲ 35.5%5.3▲ 26.2%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2023 is 23% below 2022 and is the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €541,492
Fixed assets
€97,010 ▲ 230%
Current assets
€444,482 ▲ 22.7%
Equity and liabilities €541,492
Equity
€162,168 ▲ 4.3%
Debt
€379,324 ▲ 60.5%
Debt's share of the balance-sheet total rises from 60.3% to 70.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€35,265▲
2022 · €31,615
Cash flow
€22,933▲
2022 · €17,373
Quick ratio
0.42▼
2022 · 0.78
Debt to equity
2.34▲
2022 · 1.52
ROE
4.1%▼
2022 · 6.7%
Interest coverage
4.58▲
2022 · 3.30
Debt ≤ 1 year
€379,324▲
2022 · €236,304
Income taxes
€4,642▼
2022 · €4,673
Staff costs
€186,700▲
2022 · €108,534
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €62,052 | €108,534 | €186,700 | ▲ 72.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,970 | €6,849 | €4,502 | €7,028 | €16,211 | ▲ 131% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €1,932 | - | - | - |
| Other operating charges640/8 | - | - | - | €2,383 | €14,333 | ▲ 501% |
| Gross operating margin9900 | €232,301 | €122,850 | €109,418 | €142,532 | €236,298 | ▲ 65.8% |
| Operating profit (loss)9901 | €48,979 | €116,291 | €40,932 | €24,587 | €19,054 | ▼ 22.5% |
| Financial income75/76B | - | - | €1 | €5 | €8 | ▲ 73.7% |
| Recurring financial income75 | €1 | €0 | €1 | €5 | €8 | ▲ 73.7% |
| Financial charges65/66B | - | - | €12,097 | €9,574 | €7,698 | ▼ 19.6% |
| Recurring financial charges65 | €44,707 | €14,297 | €12,097 | €9,574 | €7,698 | ▼ 19.6% |
| Profit (loss) for the period before taxes9903 | €4,272 | €101,995 | €28,836 | €15,018 | €11,364 | ▼ 24.3% |
| Income taxes67/77 | - | €25,352 | €7,680 | €4,673 | €4,642 | ▼ 0.7% |
| Profit (loss) for the period9904 | €4,272 | €76,642 | €21,156 | €10,345 | €6,723 | ▼ 35.0% |
| Profit (loss) for the period to be appropriated9905 | €4,272 | €76,642 | €21,156 | €10,345 | €6,723 | ▼ 35.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €248,601 | €309,704 | €292,989 | €391,749 | €541,492 | ▲ 38.2% |
| Fixed assets21/28 | €24,789 | €11,940 | €7,439 | €29,411 | €97,010 | ▲ 230% |
| Intangible fixed assets21 | €5,357 | €4,285 | €3,213 | €6,437 | €4,650 | ▼ 27.8% |
| Tangible fixed assets22/27 | €11,027 | €5,251 | €1,821 | €20,570 | €89,954 | ▲ 337% |
| Plant, machinery and equipment23 | - | - | - | €699 | €395 | ▼ 43.5% |
| Furniture and vehicles24 | - | - | €1,821 | €17,796 | €87,935 | ▲ 394% |
| Other tangible fixed assets26 | - | - | - | €2,075 | €1,625 | ▼ 21.7% |
| Financial fixed assets28 | €8,405 | €2,405 | €2,405 | €2,405 | €2,405 | = |
| Current assets29/58 | €223,812 | €297,764 | €285,550 | €362,338 | €444,482 | ▲ 22.7% |
| Stocks and contracts in progress3 | €62,407 | €50,425 | €118,252 | €177,556 | €285,361 | ▲ 60.7% |
| Stocks30/36 | - | - | €118,252 | €177,556 | €285,361 | ▲ 60.7% |
| Amounts receivable within one year40/41 | €146,463 | €232,717 | €161,103 | €165,733 | €140,960 | ▼ 14.9% |
| Trade receivables40 | - | - | €89,430 | €142,683 | €133,652 | ▼ 6.3% |
| Other amounts receivable41 | - | - | €71,673 | €23,050 | €7,308 | ▼ 68.3% |
| Cash at bank and in hand54/58 | €14,685 | €14,051 | €6,196 | €18,583 | €14,624 | ▼ 21.3% |
| Deferred charges and accrued income490/1 | - | - | - | €467 | €3,537 | ▲ 658% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €248,601 | €309,704 | €292,989 | €391,749 | €541,492 | ▲ 38.2% |
| Equity10/15 | €47,301 | €123,943 | €145,100 | €155,445 | €162,168 | ▲ 4.3% |
| Contributions10/11 | €18,600 | - | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | - | - | €18,600 | €18,600 | - | - |
| Other1109/19 | - | - | €18,600 | €18,600 | - | - |
| Reserves13 | €1,859 | €105,343 | €126,500 | €136,845 | €136,845 | = |
| Non-distributable reserves130/1 | - | - | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | - | €1,859 | €1,859 | €1,859 | = |
| Distributable reserves133 | - | - | €124,641 | €134,986 | €134,986 | = |
| Profit (loss) carried forward14 | €26,842 | €22,570 | - | - | €6,723 | - |
| Provisions and deferred taxes16 | €38,406 | - | - | - | - | - |
| Amounts payable17/49 | €162,894 | €185,761 | €147,889 | €236,304 | €379,324 | ▲ 60.5% |
| Amounts payable within one year42/48 | €162,894 | €185,761 | €147,889 | €236,304 | €379,324 | ▲ 60.5% |
| Financial debts43 | - | - | €19,390 | €27,350 | - | - |
| Credit institutions430/8 | - | - | €19,390 | €27,350 | - | - |
| Trade debts44 | €110,947 | €110,780 | €78,805 | €133,329 | €212,903 | ▲ 59.7% |
| Suppliers440/4 | - | - | €78,805 | €133,329 | €212,903 | ▲ 59.7% |
| Taxes, remuneration and social security45 | - | - | €49,694 | €61,110 | €85,575 | ▲ 40.0% |
| Taxes450/3 | - | - | €36,875 | €31,335 | €22,531 | ▼ 28.1% |
| Remuneration and social security454/9 | - | - | €12,819 | €29,775 | €63,044 | ▲ 112% |
| Other amounts payable47/48 | - | - | - | €14,514 | €80,846 | ▲ 457% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,272 | €76,642 | €21,156 | €10,345 | €6,723 | ▼ 35.0% |
| + Depreciation and write-downs630 | €8,970 | €6,849 | €4,502 | €7,028 | €16,211 | ▲ 131% |
| Operating cash flow (approximation) | €13,242 | €83,491 | €25,658 | €17,373 | €22,933 | ▲ 32.0% |
| Investment in fixed assets (approximation) | - | €6,000 | €0 | -€29,000 | -€83,810 | ▼ 189% |
| Change in cash | - | -€634 | -€7,856 | €12,387 | -€3,958 | ▼ 132% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
06-10
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 29-09-2025
2024
09-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 70 days late
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 92 days late
27-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 239 days late
2022
31-12
Financial
Equity above €150,000Eq €155,445 ▲7.1%
5 profitable years in a row build equity to €155,445.
2021
03-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 95 days late
2020
31-12
Financial
Highest result since 2018net €76,642 ▲1,694%
Operating result €116,291, net result €76,642, both a record.
31-12
Financial
Equity above €100,000Eq €123,943 ▲162%
3 profitable years in a row build equity to €123,943.
21-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 113 days late
2019
31-12
Financial
Weakest financial yearnet €4,272 ▼70.6%
Net result drops to €4,272, the lowest in the series.
05-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 5 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 57 days late
Show earlier events
2017
25-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 86 days late
2016
25-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 25 days late
2015
15-09
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 46 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 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
13 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, Liège · 3 establishment units since 2007
Ground area
879 m²
Building footprint
460 m²
Volume, LiDAR
4,349 m³
3 parcels, Wallonia · tallest building 14.0 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
3 establishment units
RAJ SACH DEVA
since 20072.164.637.647
SUPERETTE DE CHÊNEE
since 20182.283.452.155
RAJ EXPRESS
since 20222.326.914.687
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62023A0014/00N008 | Wallonia | 373 m² | 1 · 164 m² | 10.4 m · 3 fl. |
| 62042B0358/00E000 | Wallonia | 282 m² | 1 · 143 m² | 9.6 m · 3 fl. |
| 62042B0003/00B003 | Wallonia | 224 m² | 1 · 153 m² | 14.0 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels 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 | PASCAL LAMBERT RUE DE LA LECHE 36,
4020 LIEGE 2 |
29-09-2025 → present |
Recognitions · licences · registrations
Food safety, FASFC
2 sitesLiège2.164.637.647
Liège2.283.452.155
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Of 10,509 companies in sector 47110 we hold annual accounts for 5,853. 4,388 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded20-06-2007
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
47690Retail sale of other cultural and recreation goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0890216906
Registered
26-05-2025
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.