SABZ
Open bankruptcyA bankruptcy procedure is open for SABZ according to publications in the Belgian State Gazette. The 2022 annual accounts show negative equity (€-10k) and a net result of €66k.
Signals
Three signals.
+raises risk○neutral
Financials · fiscal year 2022, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€66k
2021 · €-100k
2018: €-4k
2019: €1k
2020: €10k
2021: €-100k
2018 → 2022
Working capital
€-39k▲ 53.9%
2021 · €-85k
2018: €5k
2019: €11k
2020: €12k
2021: €-85k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€6k-€11k▲ 88.3%€24k▲ 122%€-76k€-10k▲ 86.4%
Operating result€-4k-€1k€14k▲ 1,117%€-99k€67k
Net result€-4k-€1k€10k▲ 876%€-100k€66k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2022: €67k after a loss of €99k in 2021, the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €51k
Fixed assets
€29k▲ 230%
Current assets
€23k▲ 14.5%
Key figures and ratios
EBITDA
€74k▲
2021 · €-96k
Cash flow
€73k▲
2021 · €-97k
Solvency
-20.2%▲
2021 · -267.9%
Current ratio
0.37▲
2021 · 0.19
Quick ratio
0.07▲
2021 · 0.04
Debt / equity
-5.95▼
2021 · -1.37
ROA
128.2%▲
2021 · -352.4%
Interest coverage
319.79▲
2021 · -118.71
Debt
€62k▼
2021 · €105k
Debt ≤ 1 year
€62k▼
2021 · €105k
Income taxes
€465
Staff costs
€36k▲
2021 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€28k€51k▲
Fixed assets21/28€9k€29k▲
Tangible fixed assets22/27€9k€29k▲
Furniture and vehicles24€9k€29k▲
Current assets29/58€20k€23k▲
Stocks and contracts in progress3€16k€18k▲
Stocks30/36€16k€18k▲
Amounts receivable within one year40/41€247-
Trade receivables40€247-
Cash at bank and in hand54/58€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€28k€51k▲
Equity10/15€-76k€-10k▲
Contributions10/11€13k€13k=
Outside capital11€13k€13k=
Other1109/19€13k€13k=
Reserves13€713€713=
Non-distributable reserves130/1€713€713=
Reserves not available under the articles1311€713€713=
Profit (loss) carried forward14€-90k€-24k▲
Amounts payable17/49€105k€62k▼
Amounts payable within one year42/48€105k€62k▼
Trade debts44-€592
Suppliers440/4-€592
Taxes, remuneration and social security45€25k€22k▼
Taxes450/3€9k€10k▲
Remuneration and social security454/9€16k€12k▼
Other amounts payable47/48€80k€40k▼
Income statement
Code20212022
Remuneration, social security and pensions62€7k€36k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€7k▲
Gross operating margin9900€-88k€110k▲
Operating profit (loss)9901€-99k€67k▲
Financial charges65/66B€806€231▼
Recurring financial charges65€806€231▼
Profit (loss) for the period before taxes9903€-100k€66k▲
Income taxes67/77-€465
Profit (loss) for the period9904€-100k€66k▲
Profit (loss) for the period to be appropriated9905€-100k€66k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-90k€66k▲
Profit (loss) brought forward from the previous period14P€10k-
Transfer to equity691/2-€90k
To contributions691-€90k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
29-01
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · SRL SABZ PLACE DE LA CONSTITU- TION 8, 1060 SAINT-GILLES · event 21-01-2026
2024
06-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 372 days late
2023
23-10
Bankruptcy
Bankruptcy reversal
Tribunal de l’entreprise francophone de Bruxelles · SABZ SRL PLACE DE LA CONSTITUTION 8, 1060 SAINT-GILLES. déclarée le 18 septembre 2023 · event 16-10-2023
25-09
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · SABZ SRL PLACE DE LA CONSTITU- TION 8, 1060 SAINT-GILLES · event 18-09-2023
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 363 days late
2022
31-12
Financial
Back to profitnet €66k
Net result €66k after one loss-making year.
2021
31-12
Financial
Weakest financial yearnet €-100k ▼1062%
Net result drops to €-100k, the lowest in the series.
22-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 114 days late
2020
18-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 49 days late
2019
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
21-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 812 days late
05-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 36 days late
05-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 401 days late
2016
02-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 2 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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.
Have them read with priority
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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
Registered office, Sint-Gillis (bij-Brussel) · 1 establishment unit since 2015
Ground area
831 m²
Building footprint
717 m²
Volume, LiDAR
15,436 m³
Parcel 21562A0393/00N011, Brussels · tallest building 27.6 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
MIDI EXPRESS
since 20152.239.399.210
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21562A0393/00N011 | Brussels | 831 m² | 1 · 717 m² | 27.6 m · 8 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 | Lise HEILPORN CHAUSSEE DE LA HULPE 150,
1170 WATERMAEL-BOITSFORT |
21-01-2026 → present |
| Curator | Bernard VANHAM Rue de Charleroi 2, 1400 NIVELLES- |
18-09-2023 → present |
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Gillis2.239.399.210
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Of 10,525 companies in sector 47110 we hold annual accounts for 5,860. 4,275 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded13-02-2015
Fiscal year end31-12
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47112Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.