SABBANI
InactiveSABBANI was declared bankrupt on 18-01-2022 (Ondernemingsrechtbank Gent, afdeling Gent); the bankruptcy was closed for insufficient assets by judgment of 23-05-2023, published in the Belgian State Gazette on 26-06-2023.
Summary
Inactive; last annual accounts for fiscal year 2019.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 30-09-2019. Since then, 6 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 9 filingsPosition against the passed deadline
30-09-2020 close30-04-2021 deadline29-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2019 was due by 30-04-2020 and was filed on 30-04-2020, 0 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
not filed
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its 2019 accounts on the deadline day; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2019, micro schema
Turnover
€279,031▲ 53.8%
2018 · €181,438
EBIT margin
-13.5%▼ 13.7pp
2018 · 0.3%
Net result
-€40,570▼ 16,360%
2018 · -€246
Working capital
-€43,638
2018 · €6,236
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019
Turnover€181,438-€279,031▲ 53.8%
Operating result€455--€37,661
Net result-€246--€40,570▼ 16,360%
EBIT margin0.3%--13.5%▼ 13.7pp
Equity€2,581--€37,989
Total assets€55,368-€77,731▲ 40.4%
Debt€52,787-€115,720▲ 119%
Working capital€6,236--€43,638
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2019: a loss of €37,661 after €455 in 2018.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €77,731
Fixed assets
€5,650 ▲ 569%
Current assets
€72,081 ▲ 32.2%
Key figures and ratios
EBITDA
-€35,875▼
2018 · €877
Cash flow
-€38,784▼
2018 · €176
Solvency
-48.9%▼
2018 · 4.7%
Current ratio
0.62▼
2018 · 1.13
Quick ratio
0.44▼
2018 · 0.48
ROA
-52.2%▼
2018 · -0.4%
Debt ≤ 1 year
€115,720▲
2018 · €48,287
Income taxes
€4
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Turnover70 | €181,438 | €279,031 | ▲ 53.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €422 | €1,786 | ▲ 323% |
| Gross operating margin9900 | €3,085 | -€31,149 | ▼ 1,110% |
| Operating profit (loss)9901 | €455 | -€37,661 | ▼ 8,378% |
| Recurring financial charges65 | €701 | €2,904 | ▲ 314% |
| Profit (loss) for the period before taxes9903 | -€246 | -€40,565 | ▼ 16,358% |
| Income taxes67/77 | - | €4 | - |
| Profit (loss) for the period9904 | -€246 | -€40,570 | ▼ 16,360% |
| Profit (loss) for the period to be appropriated9905 | -€246 | -€40,570 | ▼ 16,360% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €55,368 | €77,731 | ▲ 40.4% |
| Fixed assets21/28 | €845 | €5,650 | ▲ 569% |
| Tangible fixed assets22/27 | €845 | €5,650 | ▲ 569% |
| Current assets29/58 | €54,524 | €72,081 | ▲ 32.2% |
| Stocks and contracts in progress3 | €31,548 | €21,293 | ▼ 32.5% |
| Amounts receivable within one year40/41 | €18,540 | €45,528 | ▲ 146% |
| Cash at bank and in hand54/58 | €4,259 | €5,260 | ▲ 23.5% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €55,368 | €77,731 | ▲ 40.4% |
| Equity10/15 | €2,581 | -€37,989 | ▼ 1,572% |
| Contributions10/11 | €18,600 | €18,600 | = |
| Reserves13 | €2,429 | €2,429 | = |
| Profit (loss) carried forward14 | -€18,448 | -€59,017 | ▼ 220% |
| Amounts payable17/49 | €52,787 | €115,720 | ▲ 119% |
| Amounts payable within one year42/48 | €48,287 | €115,720 | ▲ 140% |
| Trade debts44 | €13,194 | €58,077 | ▲ 340% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€246 | -€40,570 | ▼ 16,360% |
| + Depreciation and write-downs630 | €422 | €1,786 | ▲ 323% |
| Operating cash flow (approximation) | €176 | -€38,784 | ▼ 22,161% |
| Investment in fixed assets (approximation) | - | -€6,591 | - |
| Change in cash | - | €1,001 | - |
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
2023
26-06
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Gent, afdeling Gent · event 23-05-2023
2022
24-01
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · event 18-01-2022
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
14-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 137 days late
2017
27-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
19-02
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
30-04
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
14-05
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 14 days late
2013
31-05
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 31 days late
2011
30-04
NBB filing
Annual accounts filed
fiscal year 2010 · abbreviated schema
SignalNBB filing
0 of 8 acts read
About the unread acts
We know of 8 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
8 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | VERA DE DIJCKER ROOSBLOEMSTRAAT 4,
9860 OOSTERZELE |
18-01-2022 → 23-05-2023 |