SA GROUP
Open bankruptcyA bankruptcy procedure is open for SA GROUP according to publications in the Belgian State Gazette; curator: WINNY TIRMARCHE.
Summary
The file additionally contains 1 administrative flag.
Inactive; last annual accounts for fiscal year 2023.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 7 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 17-10-2024, 78 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
78 d late
2022
236 d late
2021
72 d early
2020
20 d late
2019
111 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Address struckAddress strikeout annulled
Financials · fiscal year 2023, micro schema
Turnover
€545k▼ 26.9%
2022 · €745k
2021: €598k
2022: €745k
2021 → 2023
EBIT margin
-40.7%▼ 41.4pp
2022 · 0.7%
2021: 0.6%
2022: 0.7%
2021 → 2023
Net result
€-222k
2022 · €4k
2018: €7k
2019: €5k
2020: €10k
2021: €3k
2022: €4k
2018 → 2023
Working capital
€-185k
2022 · €37k
2018: €3k
2019: €7k
2020: €30k
2021: €32k
2022: €37k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Turnover€598k€745k▲ 24.7%€545k▼ 26.9%
Equity€8k-€30k▲ 286%€33k▲ 10.1%€37k▲ 11.8%€-185k
Operating result€5k-€13k▲ 169%€4k▼ 72.1%€5k▲ 37.8%€-222k
Net result€5k-€10k▲ 99.9%€3k▼ 70.0%€4k▲ 29.2%€-222k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €222k after €5k in 2022, the lowest result in the available series.
Key figures and ratios
Solvency
-528.1%▼
2022 · 18.5%
Current ratio
0.16▼
2022 · 1.23
Quick ratio
0.00▼
2022 · 0.01
Debt to equity
-1.19▼
2022 · 4.40
ROA
-632.9%▼
2022 · 2.0%
Debt
€220k▲
2022 · €162k
Debt ≤ 1 year
€220k▲
2022 · €162k
Staff costs
€229k▲
2022 · €198k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 40 lines
Balance sheet
Code20222023
Assets
Total assets20/58€198k€35k▼
Current assets29/58€198k€35k▼
Stocks and contracts in progress3€197k€34k▼
Stocks30/36€197k€34k▼
Amounts receivable within one year40/41€1k€960▼
Trade receivables40€1k€960▼
Equity and liabilities
Total equity and liabilities10/49€198k€35k▼
Equity10/15€37k€-185k▼
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Profit (loss) carried forward14€18k€-204k▼
Amounts payable17/49€162k€220k▲
Amounts payable within one year42/48€162k€220k▲
Financial debts43€3k€3k=
Credit institutions430/8€3k€3k=
Trade debts44-€10k
Suppliers440/4-€10k
Taxes, remuneration and social security45€55k€182k▲
Taxes450/3€20k€67k▲
Remuneration and social security454/9€35k€116k▲
Other amounts payable47/48€103k€24k▼
Income statement
Code20222023
Turnover70€745k€545k▼
Goods, raw materials, services and sundry goods60/61€540k€532k▼
Remuneration, social security and pensions62€198k€229k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€890-
Other operating charges640/8-€5k
Non-recurring operating charges66A-€171
Gross operating margin9900€204k€13k▼
Operating profit (loss)9901€5k€-222k▼
Financial income75/76B€3-
Recurring financial income75€3-
Financial charges65/66B-€5
Recurring financial charges65-€5
Profit (loss) for the period before taxes9903€5k€-222k▼
Income taxes67/77€1k-
Profit (loss) for the period9904€4k€-222k▼
Profit (loss) for the period to be appropriated9905€4k€-222k▼
Appropriation of the result
Profit (loss) to be appropriated9906€18k€-204k▼
Profit (loss) brought forward from the previous period14P€14k€18k▲
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
15-07
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · SA GROUP BV TERKAMEREN- LAAN 33/3, 1000 BRUSSEL · event 08-07-2025
10-07
Bankruptcy
Judicial dissolution
Ondernemingsrechtbank Brussel · van: SA GROUP BV- TERKAMERENLAAN 33, 1000 BRUSSEL 1
28-02
KBO administration
Address strikeout annulled
21-02
KBO administration
Address struck
2024
17-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 78 days late
23-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 236 days late
2023
31-12
Financial
Weakest financial yearnet €-222k ▼5810%
Net result drops to €-222k, the lowest in the series.
2022
20-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
31-12
Financial
Highest result since 2018net €10k ▲99.9%
Operating result €13k, net result €10k, both a record.
19-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 111 days late
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 324 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | WINNY TIRMARCHE A. DE COCKPLEIN 9,
1831 DIEGEM |
08-07-2025 → present |
Company data · Crossroads Bank
Identification
Legal formSRL
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filings
Scores and ratios are computed by Checked and are not a credit decision.