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Active
BE 0763.616.167Private limited companyOpen bankruptcy
SABBAGH
Dendermondsesteenweg 16 ·9000 Gent, Belgium· 5 yrs active
Sector: Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen
(47110)
Conclusion
A bankruptcy procedure is open for SABBAGH according to publications in the Belgian State Gazette. The file additionally contains 1 interim measure. The 2022 annual accounts show equity of €18k and a net result of €7k.
Based on the State Gazette, CBE and 2 annual accounts.
Key figures
| Equity | €18k |
| Net result | €7k |
| Better than sector | 95% |
| Active | 5 yrs |
Snowflake analysis
48
/ 100
Mixed profile: strong on solvency, weaker on stability.
All 5 axes are computed from data Checked has read.
Health
24
Profitability
50
Solvency
100
Growth
68
Stability
0
Bankruptcy probability (12 mo)
Bankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Risk Assessment
55 / 100
High riskRegister: open bankruptcyThis score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.
Components
· 1 interim measure (+5)
· Open bankruptcy (+50)
Trust signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Health barometer
24
/ 100
Critical
Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2022 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Financial overview
Annual accounts filed on 11-01-2024 with the NBB · fiscal year 2022 · micro
Sector comparison
Fiscal year 2022 · NACE 47, Retail trade · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 95.1% | 19.8% | |
| Net result | €7k | €2k | |
| Equity | €18k | €14k | |
| Gross operating margin | €12k | €19k | |
| Total assets | €18k | €88k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
€359k
+60.0%
21-22
€11k
-24.1%
21-22
€7k
-30.6%
21-22
€8k
-26.3%
21-22
€18k
-40.2%
21-22
€18k
+69.4%
21-22
€16k
+101.0%
21-22
€833
-
21-22
€3k
-17.3%
21-22
€899
-95.6%
21-22
€899
-95.6%
21-22
19.11
+1268.8%
21-22
19.11
+1268.8%
21-22
95.1%
+183.0%
21-22
0.05
-97.4%
21-22
41.0%
-59.0%
21-22
39.0%
+15.9%
21-22
2.0%
-56.7%
21-22
3.1%
-52.5%
21-22
95.42
-0.3%
21-22
Figures by fiscal year
| Fiscal year | 2022 |
|---|---|
| Deposit | micro |
| Revenue | €359k |
| EBITDA | €11k |
| Net profit | €7k |
| Cash flow | €8k |
| Staff costs | - |
| Income taxes | €3k |
| Dividends | - |
| Total assets | €18k |
| Equity | €18k |
| Debt | €899 |
| of which ≤ 1y | €899 |
| of which > 1y | - |
| Working capital | €16k |
| Employees (FTE) | - |
Ratios (computed)
| 2022 | |
|---|---|
| Current ratio | 19.11 |
| Quick ratio | 19.11 |
| Working capital ratio | 88.3% |
| Solvency | 95.1% |
| Debt / equity | 0.05 |
| Long-term debt ratio | - |
| Interest coverage | 95.42 |
| Gross margin | 3.4% |
| Net margin | 2.0% |
| ROA | 39.0% |
| ROE | 41.0% |
| EBITDA margin | 3.1% |
| Days sales outstanding | 0d |
| Days payable outstanding | 0d |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2022
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2022 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €18k |
| Fixed assets | 21/28 | €1k |
| Tangible fixed assets | 22/27 | €1k |
| Current assets | 29/58 | €17k |
| Amounts receivable within one year | 40/41 | €110 |
| Cash & bank | 54/58 | €17k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €18k |
| Equity | 10/15 | €18k |
| Reserves | 13 | €518 |
| Accumulated profits (losses) | 14 | €17k |
| Amounts payable | 17/49 | €899 |
| Amounts payable within one year | 42/48 | €899 |
| Trade debts payable within one year | 44 | €331 |
| Income statement | ||
| Turnover | 70 | €359k |
| Gross operating margin | 9900 | €12k |
| Operating result | 9901 | €10k |
| Financial charges | 65 | €117 |
| Result before taxes | 9903 | €10k |
| Income taxes | 67/77 | €3k |
| Net result for the period | 9904 | €7k |
| Result to be appropriated | 9905 | €7k |
This table shows the latest fiscal year. 1 prior year, with figures and ratios, belongs to a paid plan.
See plans →
Ratios computed by Checked.
Directors & mandates
| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | TIM DE MOERLOOSE LEIEKAAI 25 C-D, 9000 GENT- |
28-04-2026 → present | Belgian State Gazette |
Legal Structure
| NACE primary | Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen(47110) |
| Legal form | Private limited company(610) |
| Incorporation | 15-02-2021 |
| Status | Active |
| Postal code | 9000 |
| First BS signal | 17-10-2025 |
| Latest BS signal | 05-05-2026 |
Establishment units
Sabbagh
since 20212.313.893.131
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44804D0202/00T004 | Flanders | 559 m² | 1 · 520 m² | 15.6 m · 3 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
2026
05-05-2026
Bankruptcy
Opening
2025
17-10-2025
Interim measure
Provisional administrator
2024
11-01-2024
NBB filing
Annual accounts filed
2023
13-12-2023
NBB filing
Annual accounts filed
Lifecycle & Insolvency Signals
05-05-2026
Bankruptcy
Opening
Full insolvency chronology
The full chronology lists every recorded event with its date, the competent court and the appointed liquidator or administrator. It answers at which stage the proceedings stand and whether they are still running.
We hold 1 further earlier event in this file, covering 17-10-2025 to 28-04-2026.
Available in Kantoor S.
See plans →
Time machine, BS events + macro context
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Credit advice
Company registry (CBE)
Activities
Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen47110Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte tussen 100 m² en minder dan 400 m²)47113Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte tussen 400 m² en minder dan 2500 m²)47114Handelsbemiddeling in auto's en lichte bestelwagens (= 3,5 ton)45112Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)45113Handelsbemiddeling in de groothandel in andere specifieke goederen46180Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)47811
Primary activity highlighted.
Names & trade names
| Legal nameNL | SABBAGH |
Registered office
Dendermondsesteenweg 16
9000 Gent, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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