SABITOS
Open bankruptcyAre you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
The judgment is more than a year old: a claim can no longer be filed, not even late. The trustee knows whether anything will still be paid out.
The procedure
- Court
- Enterprise Court of Antwerp, Antwerp division
- Declared bankrupt
- 20 February 2025
- Supervising judge
- Anne-Marie Valvekens
- Official Gazette
- 26-02-2025 (pdf) ↗search the document for 2025/108276
Deadlines
- Provisional date payments stopped
- 20 February 2025A later judgment can change the date.art. XX.105, Code of Economic Law
- Appeal or third-party opposition until
- passed on 13 March 2025Fifteen days after the publication in the Official Gazette.art. XX.108, Code of Economic Law
- File the claim in RegSol, the Belgian insolvency register, until
- passed on 22 March 2025art. XX.104 and XX.155, Code of Economic Law
- First verification report
- passed on 18 April 2025Reclaim goods that are still yours, such as goods delivered under retention of title, before this day.art. XX.104 and XX.194, Code of Economic Law
- Late claim until
- passed on 20 February 2026A late claim shares only in what has not yet been paid out, and you bear its costs.art. XX.165, Code of Economic Law
Trustee
- STéPHANE Van MoorleghemMechelse- Steenweg 271/8.1, 2018 Antwerpen 1svm@metisadvocaten.be
What to do now
- The deadlines to file your claim have passed, including for a late claim: that was possible until a year after the judgment.
- Ask the trustee whether anything will still be paid out and whether your claim was admitted.
- Follow the file in RegSol: the trustee's reports appear there.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered, subject to conditions.
The judgment is more than a year old: the deadline for a late claim (art. XX.165, Code of Economic Law) has passed too.
View the file in RegSol ↗
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General information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.Creditor guide for this company
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Overview
Activity
Other specialised construction activities
NACE 43990
1 site
Size
≈ €320,000turnover 2022, estimated
- Staff
- ≈ 0 FTE, estimated
- Equity
- €90,205
- Profit
- €30,719
Turnover estimated from the gross margin
Financial health
Open bankruptcy: no score
Signalsraises riskOpen bankruptcy2022 accounts filed 44 days lateShow the evidence
Signals
Two signals.
raises risk
raises risk · 2022 accounts filed 44 days late
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 13-09-2023, 44 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 2 filingsDeviation from the deadline
2023
not filed
2022
44 days late
2021
33 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 6 days after the deadline; the sector median (NACE 43) for financial year 2023 is 1 day before the deadline, and 44% of those companies filed late.
Searched, nothing found (1)
- OpeningEnterprise Court of Antwerp, Antwerp…
- Appointment: ACAR SALIH (director)Resignation: Balci Sahin (director) ·…
- Appointment: Balci Sahin (director)Resignation: Acar Salih (director) ·…
Financials · financial year 2022, micro format
2022 annual accounts filed late (44 days) Filed on 13 September 2023, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2023-00446470.
Turnover
€309,594
EBIT margin
13.1%
Net result
€30,719▲ 4.2%
2021 · €29,486
Working capital
€41,418▲ 193%
2021 · €14,125
Trend over the years
2021 to 2022, 2 financial years
The operating result falls in 2022; 2022 is 21% below 2021.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€32,163
2022
Net result€30,719
2022
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€163,033
2022
Equity€90,205
2022
Debt€72,828
2022
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€41,418
2022
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)18.8%
2022
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency55.3%
2022
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio1.91
2022
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. 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 financial year before
favourable
unfavourable
Line20212022
Turnover€309,594-
Operating result€40,474-€32,163▼ 20.5%
Net result€29,486above the sector's middle half-€30,719above the sector's middle half▲ 4.2%
EBIT margin13.1%-
Equity€59,486within the sector's middle half-€90,205within the sector's middle half▲ 51.6%
Total assets€123,038within the sector's middle half-€163,033within the sector's middle half▲ 32.5%
Debt€63,552-€72,828▲ 14.6%
Working capital€14,125within the sector's middle half-€41,418within the sector's middle half▲ 193%
Solvency48.3%within the sector's middle half-55.3%within the sector's middle half▲ 7.0pp
Current ratio1.31within the sector's middle half-1.91within the sector's middle half▲ 0.60
Return on assets (ROA)24.0%above the sector's middle half-18.8%above the sector's middle half▼ 5.1pp
above
within
below
the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €163,033
Fixed assets
€76,065 ▲ 19.3%
Current assets
€86,968 ▲ 46.8%
Equity and liabilities €163,033
Equity
€90,205 ▲ 51.6%
Debt
€72,828 ▲ 14.6%
Debt's share of the balance-sheet total falls from 51.7% to 44.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€48,361▼
2021 · €53,802
Cash flow
€46,916▲
2021 · €42,814
Quick ratio
1.70▲
2021 · 1.31
Debt to equity
0.81▼
2021 · 1.07
ROE
34.1%▼
2021 · 49.6%
Interest coverage
33.38▲
2021 · 24.54
Debt ≤ 1 year
€45,549▲
2021 · €45,132
Debt > 1 year
€27,279▲
2021 · €18,420
Staff costs
€298▼
2021 · €3,281
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 | €309,594 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €262,037 | - | - |
| Remuneration, social security and pensions62 | €3,281 | €298 | ▼ 90.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,327 | €16,198 | ▲ 21.5% |
| Other operating charges640/8 | €17,887 | €14,839 | ▼ 17.0% |
| Gross operating margin9900 | €74,969 | €63,497 | ▼ 15.3% |
| Operating profit (loss)9901 | €40,474 | €32,163 | ▼ 20.5% |
| Financial income75/76B | €0 | €4 | ▲ 413× |
| Recurring financial income75 | €0 | €4 | ▲ 413× |
| Financial charges65/66B | €2,192 | €1,449 | ▼ 33.9% |
| Recurring financial charges65 | €2,192 | €1,449 | ▼ 33.9% |
| Profit (loss) for the period before taxes9903 | €38,282 | €30,719 | ▼ 19.8% |
| Income taxes67/77 | €8,796 | - | - |
| Profit (loss) for the period9904 | €29,486 | €30,719 | ▲ 4.2% |
| Profit (loss) for the period to be appropriated9905 | €29,486 | €30,719 | ▲ 4.2% |
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €123,038 | €163,033 | ▲ 32.5% |
| Fixed assets21/28 | €63,781 | €76,065 | ▲ 19.3% |
| Intangible fixed assets21 | €2,601 | €1,921 | ▼ 26.1% |
| Tangible fixed assets22/27 | €56,814 | €69,779 | ▲ 22.8% |
| Furniture and vehicles24 | €6,330 | €30,889 | ▲ 388% |
| Leasing and similar rights25 | €37,039 | €28,439 | ▼ 23.2% |
| Other tangible fixed assets26 | €13,445 | €10,451 | ▼ 22.3% |
| Financial fixed assets28 | €4,366 | €4,366 | = |
| Current assets29/58 | €59,257 | €86,968 | ▲ 46.8% |
| Stocks and contracts in progress3 | - | €9,500 | - |
| Stocks30/36 | - | €9,500 | - |
| Amounts receivable within one year40/41 | €34,687 | €59,709 | ▲ 72.1% |
| Trade receivables40 | €31,628 | €56,935 | ▲ 80.0% |
| Other amounts receivable41 | €3,059 | €2,775 | ▼ 9.3% |
| Cash at bank and in hand54/58 | €24,570 | €17,759 | ▼ 27.7% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €123,038 | €163,033 | ▲ 32.5% |
| Equity10/15 | €59,486 | €90,205 | ▲ 51.6% |
| Contributions10/11 | €30,000 | €30,000 | = |
| Profit (loss) carried forward14 | €29,486 | €60,205 | ▲ 104% |
| Amounts payable17/49 | €63,552 | €72,828 | ▲ 14.6% |
| Amounts payable after more than one year17 | €18,420 | €27,279 | ▲ 48.1% |
| Financial debts170/4 | €18,420 | €27,279 | ▲ 48.1% |
| Amounts payable within one year42/48 | €45,132 | €45,549 | ▲ 0.9% |
| Current portion of amounts payable after more than one year42 | €14,748 | €11,309 | ▼ 23.3% |
| Trade debts44 | €10,117 | €13,973 | ▲ 38.1% |
| Suppliers440/4 | €10,117 | €13,973 | ▲ 38.1% |
| Taxes, remuneration and social security45 | €8,796 | €8,796 | = |
| Taxes450/3 | €8,796 | €8,796 | = |
| Other amounts payable47/48 | €11,471 | €11,471 | = |
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €29,486 | €30,719 | ▲ 4.2% |
| + Depreciation and write-downs630 | €13,327 | €16,198 | ▲ 21.5% |
| Operating cash flow (approximation) | €42,814 | €46,916 | ▲ 9.6% |
| Investment in fixed assets (approximation) | - | -€28,482 | - |
| Change in cash | - | -€6,812 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2022 | micro format | 13-09-2023 | 2023-00446470 |
| 31-12-2021 | micro format | 28-06-2022 | 2022-20099115 |
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Of the 15,130 active companies whose main activity is other specialised construction activities (NACE 43990), figures are known for 7,447. 6,254 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
1 director, last change in 2024
ACAR SALIH
CurrentDirector · since 02-01-2024
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
3 of this company's 8 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.
Mandate history
6 people since 2023, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| ACAR SALIH |
|
| Balci Sahin |
|
| Kulchytskyi Petro |
|
| Skots Ivan |
|
| Izedwan Mohamed |
|
| Ozdemir Sabit |
|
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | STéPHANE Van Moorleghem Mechelse- Steenweg 271/8.1, 2018 Antwerpen 1 |
20-02-2025 → present |
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
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Linked via shared directors
SaS INVEST
Shared director
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History
Acts, filings and financial milestones
2025
26-02
Bankruptcy
Opening
Enterprise Court of Antwerp, Antwerp division · judgment of 20-02-2025
2024
02-09
Gazette deed
Appointment: ACAR SALIH (director)Resignation: Balci Sahin (director) · Director discharge4 facts ▸
Gazette deed
Appointment: ACAR SALIH (director)
Resignation: Balci Sahin (director) · Director discharge4 facts ▸
- General meeting, 02-01-2024
- Director appointment, ACAR SALIH (director)
- Director resignation, Balci Sahin (director)
- Director discharge, Balci Sahin
29-05
Gazette deed
Appointment: Balci Sahin (director)Resignation: Acar Salih (director) · Director discharge4 facts ▸
Gazette deed
Appointment: Balci Sahin (director)
Resignation: Acar Salih (director) · Director discharge4 facts ▸
- General meeting, 01-01-2024
- Director appointment, Balci Sahin (director)
- Director resignation, Acar Salih (director)
- Director discharge, Acar Salih
2023
20-10
Gazette deed
Resignations: Kulchytskyi Petro (director) and Skots Ivan (director)Appointment: Acar Salih (director) · Director discharge6 facts ▸
Gazette deed
Resignations: Kulchytskyi Petro (director) and Skots Ivan (director)
Appointment: Acar Salih (director) · Director discharge6 facts ▸
- General meeting, 19-09-2023
- Director resignation, Kulchytskyi Petro (director)
- Director resignation, Skots Ivan (director)
- Director discharge, Kulchytskyi Petro
- Director discharge, Skots Ivan
- Director appointment, Acar Salih (director)
13-09
NBB filing
Annual accounts filed
financial year 2022 · micro format · 44 days late
16-08
Gazette deed
Resignations: Izedwan Mohamed (director) and Ozdemir Sabit (director)Appointment: Kulchytskyi Petro (director)4 facts ▸
Gazette deed
Resignations: Izedwan Mohamed (director) and Ozdemir Sabit (director)
Appointment: Kulchytskyi Petro (director)4 facts ▸
- General meeting, 30-06-2023
- Director resignation, Izedwan Mohamed (director)
- Director resignation, Ozdemir Sabit (director)
- Director appointment, Kulchytskyi Petro (director)
24-05
Gazette deed
Appointments: Izedwan Mohamed (director) and Skots Ivan (director)Registered-office move4 facts ▸
Gazette deed
Appointments: Izedwan Mohamed (director) and Skots Ivan (director)
Registered-office move4 facts ▸
- General meeting, 31-03-2023
- Director appointment, Izedwan Mohamed (director)
- Director appointment, Skots Ivan (director)
- Registered-office move, Schildstraat 2 te 2140 Borgerhout
2022
28-06
NBB filing
Annual accounts filed
financial year 2021 · micro format
SignalGazette deedNBB filing
5 of 8 deeds read
About the unread acts
Of the 8 Belgian Official Gazette deeds we know for this company, 5 have been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Opening faillissement
SABITOS is in the KBO register with the legal situation: opening faillissement.
- Legal situation
- Opening faillissement
- Last annual accounts
- financial year to 31 December 2022
- Legal form
- Private limited company
- Active since
- 13 October 2020
Register details
Identification
Legal formPrivate limited company
Founded13-10-2020
Financial year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
43211General electrical installation work
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Not found in the Peppol Directory
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2020
Ground area
68 m²
Building footprint
68 m²
Building volume
648 m³
Parcel 11006A0314/00K004, Flanders · tallest building 11.3 m. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
SABITOS
since 2020unit no. 2.308.956.029
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11006A0314/00K004 | Flanders | 68 m² | 1 · 68 m² | 11.3 m · 3 |
How the parcels are linked
Good to know
The parcel matches the address exactly.