SABBAGH
Open bankruptcyAre 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 Ghent, Ghent division
- Declared bankrupt
- 28 April 2026
- Supervising judge
- Stefaan Baeten
- Official Gazette
- 05-05-2026 (pdf) ↗search the document for 2026/119450
Deadlines
- Provisional date payments stopped
- 28 April 2026A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 20 May 2026Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 28 May 2026art. XX.104 and XX.155 CEL
- First verification report
- passed on 2 June 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
- 28 April 2027Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Tim De MoerlooseLeiekaai 25 C-D, 9000 Genttdm@essenzia.be
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
1 signal.
+raises risk
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?Process a list 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 2022, micro schema
Turnover
€359,106▲ 60.0%
2021 · €224,430
EBIT margin
2.8%▼ 3.4pp
2021 · 6.2%
Net result
€7,178▼ 30.6%
2021 · €10,350
Working capital
€16,278▲ 101%
2021 · €8,099
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
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.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022
Turnover€224,430-€359,106▲ 60.0%
Operating result€13,941-€10,153▼ 27.2%
Net result€10,350within the sector's middle half-€7,178within the sector's middle half▼ 30.6%
EBIT margin6.2%-2.8%▼ 3.4pp
Equity€10,350within the sector's middle half-€17,529within the sector's middle half▲ 69.4%
Total assets€30,793below the sector's middle half-€18,428below the sector's middle half▼ 40.2%
Debt€20,442-€899▼ 95.6%
Working capital€8,099within the sector's middle half-€16,278within the sector's middle half▲ 101%
Solvency33.6%within the sector's middle half-95.1%above the sector's middle half▲ 61.5pp
Current ratio1.40within the sector's middle half-19.11above the sector's middle half▲ 17.72
Return on assets (ROA)33.6%above the sector's middle half-39.0%above the sector's middle half▲ 5.3pp
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 falls in 2022; 2022 is 27% below 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €18,428
Fixed assets
€1,251 ▼ 44.4%
Current assets
€17,177 ▼ 39.8%
Equity and liabilities €18,428
Equity
€17,529 ▲ 69.4%
Debt
€899 ▼ 95.6%
Debt's share of the balance-sheet total falls from 66.4% to 4.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€11,153▼
2021 · €14,690
Cash flow
€8,178▼
2021 · €11,099
Debt to equity
0.05▼
2021 · 1.98
ROE
41.0%▼
2021 · 100.0%
Interest coverage
95.42▼
2021 · 95.68
Debt ≤ 1 year
€899▼
2021 · €20,442
Income taxes
€2,858▼
2021 · €3,454
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Turnover70 | €224,430 | €359,106 | ▲ 60.0% |
| Goods, raw materials, services and sundry goods60/61 | €45,782 | €346,895 | ▲ 658% |
| Remuneration, social security and pensions62 | €833 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €749 | €1,000 | ▲ 33.5% |
| Other operating charges640/8 | €163,126 | €1,058 | ▼ 99.4% |
| Gross operating margin9900 | €178,649 | €12,211 | ▼ 93.2% |
| Operating profit (loss)9901 | €13,941 | €10,153 | ▼ 27.2% |
| Financial income75/76B | €17 | - | - |
| Recurring financial income75 | €17 | - | - |
| Financial charges65/66B | €154 | €117 | ▼ 23.9% |
| Recurring financial charges65 | €154 | €117 | ▼ 23.9% |
| Profit (loss) for the period before taxes9903 | €13,804 | €10,036 | ▼ 27.3% |
| Income taxes67/77 | €3,454 | €2,858 | ▼ 17.3% |
| Profit (loss) for the period9904 | €10,350 | €7,178 | ▼ 30.6% |
| Profit (loss) for the period to be appropriated9905 | €10,350 | €7,178 | ▼ 30.6% |
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €30,793 | €18,428 | ▼ 40.2% |
| Fixed assets21/28 | €2,251 | €1,251 | ▼ 44.4% |
| Tangible fixed assets22/27 | €2,251 | €1,251 | ▼ 44.4% |
| Furniture and vehicles24 | €2,251 | €1,251 | ▼ 44.4% |
| Current assets29/58 | €28,542 | €17,177 | ▼ 39.8% |
| Amounts receivable within one year40/41 | €28,542 | €110 | ▼ 99.6% |
| Other amounts receivable41 | €28,542 | €110 | ▼ 99.6% |
| Cash at bank and in hand54/58 | - | €17,067 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €30,793 | €18,428 | ▼ 40.2% |
| Equity10/15 | €10,350 | €17,529 | ▲ 69.4% |
| Reserves13 | €518 | €518 | = |
| Non-distributable reserves130/1 | €518 | €518 | = |
| Reserves not available under the articles1311 | €518 | €518 | = |
| Profit (loss) carried forward14 | €9,832 | €17,011 | ▲ 73.0% |
| Amounts payable17/49 | €20,442 | €899 | ▼ 95.6% |
| Amounts payable within one year42/48 | €20,442 | €899 | ▼ 95.6% |
| Financial debts43 | €1,776 | - | - |
| Credit institutions430/8 | €1,776 | - | - |
| Trade debts44 | €2,983 | €331 | ▼ 88.9% |
| Suppliers440/4 | €2,983 | €331 | ▼ 88.9% |
| Taxes, remuneration and social security45 | €15,683 | €568 | ▼ 96.4% |
| Taxes450/3 | €15,683 | €568 | ▼ 96.4% |
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €10,350 | €7,178 | ▼ 30.6% |
| + Depreciation and write-downs630 | €749 | €1,000 | ▲ 33.5% |
| Operating cash flow (approximation) | €11,099 | €8,178 | ▼ 26.3% |
| Investment in fixed assets (approximation) | - | €0 | - |
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
2026
05-05
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 28-04-2026
2025
17-10
Interim measure
Provisional administrator
Ondernemingsrechtbank Gent · interim administrator: Bob Cammaert
2024
11-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 164 days late
2023
13-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 500 days late
2022
31-12
Financial
Liquidity times 14current ratio 19.11
Current ratio from 1.40 to 19.11; short-term debt falls from €20,442 to €899.
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2021
Ground area
559 m²
Building footprint
520 m²
Volume, LiDAR
4,935 m³
Parcel 44804D0202/00T004, Flanders · tallest building 15.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Sabbagh
since 20212.313.893.131
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44804D0202/00T004 | Flanders | 559 m² | 1 · 520 m² | 15.6 m · 3 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
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | TIM DE MOERLOOSE Leiekaai 25 C-D, 9000 Gent |
28-04-2026 → present |
| Interim administrator | BOB CAMMAERT | 17-10-2025 → present |
Subsidies and aid
Flemish government
2023 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.313.893.131
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Of 10,504 companies in this sector we hold annual accounts for 5,855. 4,036 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded15-02-2021
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
47811Retail sale of cars and light vans (up to 3.5 tonnes)
46180Agents specialised in the wholesale of other particular products
Contact
E-mail
ssabbagh2021@gmail.comGent
Phone
0465158564Gent
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.