Result
€3.1m ▲ 191×
The result rose in 2019 from €16,105 to €3.1m.
SAAK
Overview
Lifetime
5 annual accounts with figures on one time axisGross marginpeak €3.3m (2019)
€3.3m▲ 184×
Resultlowest -€29,978 (2015)
€3.1m▲ 191×
Equitypeak €3.1m (2019)
€3.1m▲ €3.1m
Debts
€10,046▼ 67.7%
Documentsfilings and deeds
22-08-202022 days late
2019micro format
Gross margin from €17,848 to €3.3mResult from €16,105 to €3.1mEquity from -€20,223 to €3.1mDebts from €31,060 to €10,046Investments €1.5m
Key points
from the 2019 annual accounts, the last ones filedFilings
5 annual accounts 5 late
The 2018 accounts came latest: 92 days after the end of the period.
No score
Recent changes
Bankruptcy closure (insufficient assets)
Enterprise Court of Brussels · judgment of 18-06-2024 · Bankruptcy
Bankruptcy published
Enterprise Court of Brussels · judgment of 29-03-2022 · Bankruptcy
Registered office moved from Molenbeek-Saint-Jean to Anderlecht
New registered office: Rue Plantin 41, 1070 Anderlecht · Previous registered office: Rue des Ateliers 7 boite 9, 1080 Molenbeek-Saint-Jean · Gazette deed
Incorporation
5 publications in the Belgian Official Gazette, the last on 01-10-2021 · Gazette deed
Official details
Source: KBO- Status
- Inactivedeed of incorporation of 23-10-2014 · bankruptcy closed on 18-06-2024
- Activity
- No activity registered in the KBO
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Annual accounts 2019
- Gross margin
- €3.3m▲ 184×
- Turnover
- ≈ €6.2mestimated
- Profit
- €3.1m▲ 191×
- Equity
- €3.1m
- Total assets
- €3.1m▲ 285×
- Filing
- Filed on 22-08-2020
Insights on SAAK
On 29 March 2022 the court declared SAAK bankrupt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2019
micro format, filed on 22-08-2020, 22 days lateGross margin
€3.3m
▲ 184×
Operating result
€3.1m
▲ 190×
Profit
€3.1m
▲ 191×
Working capital
€1.8m
▲ €1.8m
Solvency
99.7%
▲ 286.3 percentage points
Current ratio
-
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €6.2m. Estimated: probably between €3.8m and €8.0m.
Balance sheet
balance sheet total €3.1m on 31-12-2019What the company ownsHow it is paid for
Change in equityin €m
Change in cashin €m
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||
Total assets20/58 |
3.1m | 10,837 | 48,486 | 66,086 | 74,199 | |
Fixed assets21/28 |
1.3m | 2,400 | 18,449 | 29,748 | 48,749 | |
Tangible fixed assets22/27 |
1.3m | - | 16,049 | 27,348 | 46,349 | |
Plant, machinery and equipment23 |
1.3m | - | 2,868 | 4,507 | 8,417 | |
Furniture and vehicles24 |
- | - | 3,523 | 11,773 | 36,000 | |
Other tangible fixed assets26 |
- | - | 9,657 | 11,068 | 1,932 | |
Financial fixed assets28 |
2,400 | 2,400 | 2,400 | 2,400 | 2,400 | |
Current assets29/58 |
1.8m | 8,437 | 30,037 | 36,338 | 25,450 | |
Stocks and contracts in progress3 |
1.8m | - | - | - | - | |
Contracts in progress37 |
1.8m | - | - | - | - | |
Amounts receivable within one year40/41 |
2,046 | 7,981 | 19,627 | 35,621 | 18,511 | |
Trade receivables40 |
- | 5,935 | 17,675 | 30,900 | 5,480 | |
Other amounts receivable41 |
2,046 | 2,046 | 1,952 | 4,721 | 13,031 | |
Current investments50/53 |
0 | - | - | - | - | |
Cash at bank and in hand54/58 |
303 | 422 | 8,338 | 209 | 6,383 | |
Deferred charges and accrued income490/1 |
0 | 34 | 2,072 | 508 | 555 | |
| Balance sheet: equity and liabilities | ||||||
Total equity and liabilities10/49 |
3.1m | 10,837 | 48,486 | 66,086 | 74,199 | |
Equity10/15 |
3.1m | -20,223 | -36,328 | -28,642 | -23,778 | |
Contributions10/11 |
18,600 | 6,200 | 6,200 | 6,200 | 6,200 | |
Issued capital100 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
Uncalled capital101 |
- | 12,400 | 12,400 | 12,400 | 12,400 | |
Profit (loss) carried forward14 |
3.1m | -26,423 | -42,528 | -34,842 | -29,978 | |
Amounts payable17/49 |
10,046 | 31,060 | 84,813 | 94,728 | 97,977 | |
Amounts payable within one year42/48 |
10,046 | 31,060 | 84,813 | 94,728 | 97,977 | |
Trade debts44 |
- | - | - | 18,255 | 42,387 | |
Suppliers440/4 |
- | - | - | 18,255 | 42,387 | |
Taxes, remuneration and social security45 |
- | 8,780 | - | - | - | |
Taxes450/3 |
0 | 8,780 | - | - | - | |
Other amounts payable47/48 |
10,046 | 22,280 | 84,813 | 76,473 | 55,590 | |
| Income statement | ||||||
Non-recurring operating income76A |
200,000 | 18,302 | 3,850 | 260 | - | |
Gross operating margin9900 |
3.3m | 17,848 | -34 | 7,485 | -7,800 | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
200,000 | 1,350 | 8,150 | 10,084 | 19,769 | |
Other operating charges640/8 |
190 | 282 | 2,961 | 2,215 | 2,375 | |
Operating profit (loss)9901 |
3.1m | 16,216 | -11,145 | -4,814 | -29,943 | |
Financial income75/76B |
- | - | 3,850 | - | 1 | |
Recurring financial income75 |
- | - | - | - | 1 | |
Non-recurring financial income76B |
- | - | 3,850 | - | - | |
Financial charges65/66B |
1,125 | 110 | 391 | 50 | 36 | |
Recurring financial charges65 |
1,125 | 110 | 391 | 50 | 36 | |
Profit (loss) for the period before taxes9903 |
3.1m | 16,105 | -7,686 | -4,863 | -29,978 | |
Profit (loss) for the period9904 |
3.1m | 16,105 | -7,686 | -4,863 | -29,978 | |
Profit (loss) for the period to be appropriated9905 |
3.1m | 16,105 | -7,686 | -4,863 | -29,978 | |
| Appropriation of the result | ||||||
Profit (loss) to be appropriated9906 |
3.1m | -26,423 | -42,528 | -34,842 | -29,978 | |
| Document | ||||||
Source: Annual accounts 2019 (PDF), filed on 22-08-2020.
Filings
each dot is a set of accounts, on the day it reached the National Bank2019 annual accounts filed 22 days after the deadline. Filed on 22 August 2020, deadline 31 July 2020 (7 months after the close on 31 December 2019, Companies Code art. 3:10). Source: NBB, 2020-44500168.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2019 | micro format | 22-08-2020 | 2020-44500168 | |
| 31-12-2018 | micro format | 31-10-2019 | 2019-73400185 | |
| 31-12-2017 | full format | 31-08-2018 | 2018-61100520 | |
| 31-12-2016 | full format | 15-09-2017 | 2017-61000038 | |
| 31-12-2015 | full format | 21-09-2016 | 2016-60400494 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|
| EBITDA | 3.3m | 17,566 | -2,995 | 5,270 | -10,175 | |
| Cash flow | 3.3m | 17,455 | 464 | 5,220 | -10,210 | |
| Investment in fixed assets (approximation) | 1.5m | -14,699 | -3,150 | 11,500 | 68,518 | |
| Change in cash | -120 | -7,916 | 8,129 | -6,175 | - | |
| Working capital | 1.8m | -22,623 | -54,776 | -58,390 | -72,528 | |
| Solvency | 99.7% | -186.6% | -74.9% | -43.3% | -32.0% | |
| Current ratio | - | 0.27 | 0.35 | 0.38 | 0.26 | |
| Quick ratio | 0.23 | 0.27 | 0.35 | 0.38 | 0.26 | |
| Debt to equity | 0.00 | - | - | - | - | |
| ROE | 100.3% | - | - | - | - | |
| ROA | 99.9% | 148.6% | -15.9% | -7.4% | -40.4% |
A ratio outside any meaningful range has been withheld (balance sheet total €3.1m, equity €3.1m).
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Insights on SAAK
The operating result for 2019 is 190 times that of 2018 and the highest since 2015. It is the second rise in a row, after the fall in 2017.
Debt's share of the balance-sheet total is 0.3%.
Board & ownership
Curator
1 mandateCurator, Versailleslaan 6, 1020 Brussel 2
from 29-03-2022 to 18-06-2024
Also on 248 other cases
Control
Capital
- Capital
- €18,600
- Source
- 2019 annual accounts
Timeline
Timeline
13 events since 2014Capital
Filings
Financial
Insolvency
Address
2014201620182020202220242026
2024
Bankruptcy closure (insufficient assets) Enterprise Court of Brussels · judgment of 18-06-2024
2022
Bankruptcy published Enterprise Court of Brussels · judgment of 29-03-2022
2021
Registered office moved from Molenbeek-Saint-Jean to AnderlechtNew registered office: Rue Plantin 41, 1070 Anderlecht · Previous registered office: Rue des Ateliers 7 boite 9, 1080 Molenbeek-Saint-Jean1 point ▸
- Registered-office move, Rue Plantin 41, 1070 Anderlecht
- The deed holds 1 more point.
2020
Annual accounts 2019 filed PDFmicro format · 22 days late
2019
Highest result from 2015 to 2019 net €3.1m ▲19,037% The operating result of €3.1m and the net result of €3.1m are both a record.
Liquidity times 653 current ratio 177.39 The current ratio rises from 0.27 to 177.39. Short-term debt falls from €31,060 to €10,046.
Equity above €2m equity €3.1m After 2 profitable years in a row, equity reaches €3.1m.
Annual accounts 2018 filed PDFmicro format · 92 days late
2018
Back to profit net €16,105 The net result is €16,105, after 3 loss-making years.
Annual accounts 2017 filed PDFfull format · 31 days late
2017
Annual accounts 2016 filed PDFfull format · 46 days late
2016
Annual accounts 2015 filed PDFfull format · 52 days late
2014
Incorporation PDF5 publications in the Belgian Official Gazette, the last on 01-10-2021
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Inactive
SAAK is no longer in the KBO register.
- Last annual accounts
- financial year to 31 December 2019
- Last registered office
- Rue Des Ateliers 7/9, 1080 Molenbeek-Saint-Jeanas published on 1 October 2021
- Legal form
- Private limited company
- First annual accounts
- financial year 2015