SAADO PARTNERS
ActiveSummary
The computed 12-month bankruptcy probability of SAADO PARTNERS is 4.7% (elevated). For SAADO PARTNERS, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €26k and a net result of €22k. Equity is growing by ~31.5% per year across the filed fiscal years. Its solvency ranks better than 42% of 18007 sector peers (fiscal year 2023). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability88▲+3
Solvency43▼-18
Growth78=
Track record100
Bankruptcy probability, 12 months
4.7%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
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 2023Solvency, return and age of the figures
Solvency
18.2%
Return on assets
15.7%
Age of the figures
33 mo
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
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 07-12-2024, 129 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
129 d late
2022
266 d late
2021
3 d early
2020
5 d early
2019
118 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Equity
€26k▲ 9.8%
2022 · €24k
2018: €13k
2019: €7k
2020: €8k
2021: €15k
2022: €24k
2018 → 2023
Total assets
€142k▲ 118%
2022 · €65k
2018: €49k
2019: €43k
2020: €48k
2021: €73k
2022: €65k
2018 → 2023
Net result
€22k▲ 160%
2022 · €9k
2018: €6k
2019: €-5k
2020: €135
2021: €7k
2022: €9k
2018 → 2023
Working capital
€7k▼ 22.1%
2022 · €8k
2018: €-4k
2019: €-7k
2020: €-5k
2021: €-3k
2022: €8k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€7k-€8k▲ 1.8%€15k▲ 95.8%€24k▲ 57.6%€26k▲ 9.8%
Operating result€-309-€2k€10k▲ 509%€11k▲ 19.2%€24k▲ 109%
Net result€-5k-€135€7k▲ 5,307%€9k▲ 17.7%€22k▲ 160%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2023 is 109% above 2022 and is the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €142k
Fixed assets
€19k ▲ 27.9%
Current assets
€123k ▲ 145%
Equity and liabilities €142k
Equity
€26k ▲ 9.8%
Debt
€116k ▲ 179%
Debt's share of the balance-sheet total rises from 63.9% to 81.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€30k▲
2022 · €15k
Cash flow
€28k▲
2022 · €13k
Current ratio
1.06▼
2022 · 1.20
Quick ratio
1.04▼
2022 · 1.08
Debt to equity
4.50▲
2022 · 1.77
ROE
86.4%▲
2022 · 36.5%
ROA
15.7%▲
2022 · 13.2%
Interest coverage
119.42▲
2022 · 69.56
Debt ≤ 1 year
€116k▲
2022 · €42k
Income taxes
€1k▼
2022 · €3k
Staff costs
€39k▲
2022 · €36k
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 · 44 lines
Balance sheet
Code20222023
Assets
Total assets20/58€65k€142k▲
Fixed assets21/28€15k€19k▲
Intangible fixed assets21€6k€5k▼
Tangible fixed assets22/27€6k€7k▲
Plant, machinery and equipment23-€800
Furniture and vehicles24€6k€7k▲
Financial fixed assets28€3k€7k▲
Current assets29/58€50k€123k▲
Stocks and contracts in progress3€5k€1k▼
Stocks30/36€5k€1k▼
Amounts receivable within one year40/41€18k€83k▲
Trade receivables40€18k€83k▲
Cash at bank and in hand54/58€27k€35k▲
Deferred charges and accrued income490/1€163€3k▲
Equity and liabilities
Total equity and liabilities10/49€65k€142k▲
Equity10/15€24k€26k▲
Contributions10/11€12k€12k=
Reserves13€203€203=
Non-distributable reserves130/1€203€203=
Reserves not available under the articles1311€203€203=
Profit (loss) carried forward14€11k€13k▲
Amounts payable17/49€42k€116k▲
Amounts payable within one year42/48€42k€116k▲
Trade debts44€17k€77k▲
Suppliers440/4€17k€77k▲
Taxes, remuneration and social security45€13k€14k▲
Taxes450/3€6k€7k▲
Remuneration and social security454/9€6k€7k▲
Other amounts payable47/48€11k€25k▲
Income statement
Code20222023
Remuneration, social security and pensions62€36k€39k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€6k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€53k€72k▲
Operating profit (loss)9901€11k€24k▲
Financial charges65/66B€220€247▲
Recurring financial charges65€220€247▲
Profit (loss) for the period before taxes9903€11k€23k▲
Income taxes67/77€3k€1k▼
Profit (loss) for the period9904€9k€22k▲
Profit (loss) for the period to be appropriated9905€9k€22k▲
Appropriation of the result
Profit (loss) to be appropriated9906€11k€33k▲
Profit (loss) brought forward from the previous period14P€2k€11k▲
Profit to be distributed694/7-€20k
Directors or managers695-€20k
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
2024
07-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 129 days late
22-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 266 days late
2023
31-12
Financial
Highest result since 2018net €22k ▲160%
Operating result €24k, net result €22k, both a record.
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €135
Net result €135 after one loss-making year.
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 118 days late
2019
31-12
Financial
Weakest financial yearnet €-5k ▼188%
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Vorst · 1 establishment unit since 2017
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.
Jean-Baptiste Vanpéstraat 311190 VorstGround area
156 m²
Building footprint
163 m²
Volume, LiDAR
1,119 m³
Parcel 21384D0194/00L000, Brussels · tallest building 14.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SAADO PARTNERS
since 20172.263.050.085
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21384D0194/00L000 | Brussels | 156 m² | 1 · 163 m² | 14.3 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteVorst2.263.050.085
Similar companies · same sector, comparable size
TOSCANE
BE 0755.823.010
Stekene · Eq €25,819
KNAPP
BE 0441.205.686
Oostende · Eq €25,820
FRITAPAPA MLT
BE 0799.395.212
Montigny-le-Tilleul · Eq €25,826
DESMET WIM
BE 0835.392.011
Pittem · Eq €25,797
DELICE
BE 0685.884.030
Lier · Eq €25,829
Of 21,888 companies in sector 56112 we hold annual accounts for 9,780. 8,302 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-01-2017
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.