Debts
€61,717 120% of the balance sheet
Suppliers 1%Taxes and wages 35%Other 64%
SABZ
Overview
Information for creditors
French-language Enterprise Court of Brussels · Official Gazette of 29-01-2026Appeal or third-party opposition 13-02-2026Filing the claim in RegSol 20-02-2026First verification report 25-02-2026Late claim until 21-01-2027
- Lise Heilporntrusteel.heilporn@bdcg.be
Steps, deadlines and articles of law
The procedure
- Supervising judge
- Vincent Fredericq
- Official Gazette
- 29-01-2026search the document for 2026/103733
Deadlines
- Appeal or third-party opposition
- passed on 13 February 2026art. XX.108, Code of Economic Law
- Filing the claim in RegSol
- passed on 20 February 2026art. XX.104 and XX.155, Code of Economic Law
- First verification report
- passed on 25 February 2026art. XX.104 and XX.194, Code of Economic Law
- Late claim until
- 21 January 2027A late claim shares only in what has not yet been paid out. You bear the costs of that claim.art. XX.165, Code of Economic Law
Trustee
- Lise HeilpornChaussee De La Hulpe 150, 1170 Watermael-Boitsfortl.heilporn@bdcg.be
Steps for a creditor
- Stop delivering on credit unless the trustee agrees.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- The ordinary term has passed. File a late claim in RegSol (regsol.be) until 21 January 2027, yourself with eID or itsme, or through your lawyer. It shares only in what has not yet been paid out, and you bear the costs.
- Ask your accountant about the VAT on the unpaid invoices. In a bankruptcy it can be recovered, subject to conditions.
- Follow the file in RegSol. The verification report (admitted or disputed) and the trustee's reports appear there.
These deadlines come from the publication of the judgment. Check them in RegSol before you file anything. Once a deadline has passed, it is too late for that step.
If this company owes you money, you are not paid automatically. You file your claim yourself, within the deadline the judgment sets.
Follow
Follow this bankruptcy and you are notified the next morning if it is closed or reversed.
This is general information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.
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Lifetime
8 annual accounts with figures on one time axispeak €109,848 (2022)
€109,848▲ €198,284
lowest -€100,198 (2021)
€65,816▲ €166,014
peak €24,016 (2020)
-€10,366▲ €65,816
€61,717▼ 41.0%
Board3 names since 2020
1 directorKaur Narender
Documentsfilings and deeds
06-08-2024372 days late
2022micro format
Gross margin from -€88,436 to €109,848Back to profit: €65,816Resignation: Kaur Narinder (director) 16-03Equity from -€76,182 to -€10,366Debts from €104,614 to €61,717Investments €27,263
Key points
from the 2022 annual accounts, the last ones filedFilings
8 annual accounts 8 late
The 2016 accounts came latest: 812 days after the end of the period.
At the same address
1 company
PETROCLEAN came to this address 223 days after the ruling.
No score
Recent changes
PETROCLEAN at this address
Establishment
Bankruptcy published
French-language Enterprise Court of Brussels · judgment of 21-01-2026 · Bankruptcy
PB7 TRADING at this address
Establishment
Bankruptcy reversal
French-language Enterprise Court of Brussels · judgment of 16-10-2023 · Bankruptcy
Official details
Source: KBO- Status
- In bankruptcydeclared bankrupt on 21-01-2026
- Activity
- Non-specialised retail sale with food, beverages or tobacco predominatingNACE 47110
- Establishment unit
- 2.239.399.2101060 Sint-Gillis (bij-Brussel), since 18-02-2015
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Annual accounts 2022
- €109,848
- ≈ €910,000estimated
- €65,816
- -€10,366▲ 86.4%
- €51,351▲ 80.6%
- ≈ 1.1 FTEestimated
- Filing
- Filed on 06-08-2024
Insights on SABZ
Equity fell from €24,016 in 2020 to -€10,366 in 2022, while debts rose from €27,983 to €61,717.
On 21 January 2026 the court declared SABZ bankrupt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2022
micro format, filed on 06-08-2024, 372 days late€109,848
▲ €198,284
€66,511
▲ €165,903
€73,711
▲ €169,437
€73,016
▲ €169,548
-20.2%
▲ 247.8 percentage points
0.37
▲ 0.18
The turnover shown is an estimate from the gross margin.
Turnover ≈ €910,000. Estimated: probably between €620,000 and €1.2m.
Money flows
no detail for 2022Balance sheet
balance sheet total €51,351 on 31-12-2022What the company ownsHow it is paid for
in euro
in euro
Position in the sector
-20.2%
Higher than 15% of 22,542 companies in 2022.
0.37
Higher than 8% of 21,818 companies in 2022.
128.2%
Higher than 95% of 21,958 companies in 2022.
SABZ
Middle half of the sector
80% of the sector
Micro accounts in retail trade (NACE 47)
Net result: top quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||
20/58 |
51,351 | 28,432 | 51,999 | 34,034 | 13,793 | 19,275 | 18,507 | 14,809 | |
21/28 |
28,800 | 8,737 | 12,402 | - | 1,154 | 1,154 | 1,154 | 1,154 | |
21 |
- | - | - | 0 | 577 | 577 | 577 | 577 | |
22/27 |
28,800 | 8,737 | 12,402 | - | 577 | 577 | 577 | 577 | |
24 |
28,800 | 8,737 | 12,402 | - | 577 | 577 | 577 | 577 | |
29/58 |
22,551 | 19,695 | 39,596 | 34,034 | 12,639 | 18,121 | 17,353 | 13,655 | |
3 |
18,278 | 16,028 | 25,447 | 5,793 | 5,437 | 5,437 | 652 | 8,152 | |
30/36 |
18,278 | 16,028 | 25,447 | 5,793 | 5,437 | 5,437 | 652 | 8,152 | |
40/41 |
- | 247 | 6,589 | 26,103 | 5,000 | 8,473 | 3,245 | - | |
40 |
- | 247 | - | 26,103 | 5,000 | - | 931 | - | |
41 |
- | - | 6,589 | - | - | 8,473 | 2,314 | - | |
54/58 |
4,272 | 3,420 | 7,561 | 2,138 | 2,202 | 4,211 | 13,456 | 5,503 | |
| Balance sheet: equity and liabilities | |||||||||
10/49 |
51,351 | 28,432 | 51,999 | 34,034 | 13,793 | 19,275 | 18,507 | 14,809 | |
10/15 |
-10,366 | -76,182 | 24,016 | 10,803 | 5,736 | 10,209 | 9,620 | -7,471 | |
10/11 |
13,000 | 13,000 | 13,000 | 10,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | 5,600 | 8,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
11 |
13,000 | 13,000 | - | - | - | - | - | - | |
1109/19 |
13,000 | 13,000 | - | - | - | - | - | - | |
13 |
713 | 713 | 713 | 30 | - | - | - | - | |
130/1 |
713 | 713 | 713 | - | - | - | - | - | |
130 |
- | - | 713 | 30 | - | - | - | - | |
1311 |
713 | 713 | - | - | - | - | - | - | |
14 |
-24,079 | -89,895 | 10,303 | 573 | -464 | 4,009 | 3,420 | -13,671 | |
17/49 |
61,717 | 104,614 | 27,983 | 23,231 | 8,057 | 9,066 | 8,887 | 22,280 | |
42/48 |
61,717 | 104,614 | 27,983 | 23,231 | 8,057 | 9,066 | 8,887 | 22,280 | |
44 |
592 | - | 9,004 | 22,075 | 1,590 | 7,992 | 7,981 | 12,768 | |
440/4 |
592 | - | 9,004 | 22,075 | 1,590 | 7,992 | 7,981 | 12,768 | |
45 |
21,566 | 25,050 | 18,979 | 1,156 | 1,396 | 1,074 | 906 | 583 | |
450/3 |
9,587 | 9,096 | 8,327 | 1,156 | 1,396 | 1,074 | 906 | 583 | |
454/9 |
11,979 | 15,953 | 10,652 | - | - | - | - | - | |
47/48 |
39,559 | 79,564 | - | - | 5,071 | - | - | 8,929 | |
| Income statement | |||||||||
70 |
- | - | - | - | - | - | - | 118,844 | |
9900 |
109,848 | -88,436 | 28,853 | 3,150 | -3,497 | 1,570 | 19,454 | -12,158 | |
60/61 |
- | - | - | - | - | - | - | 131,002 | |
62 |
36,137 | 7,290 | 11,035 | - | - | - | - | - | |
630 |
7,200 | 3,665 | 3,665 | 1,154 | - | - | - | 846 | |
640/8 |
- | - | 183 | 848 | 695 | 741 | 2,071 | 638 | |
9901 |
66,511 | -99,391 | 13,970 | 1,148 | -4,192 | 829 | 17,383 | -13,642 | |
65/66B |
231 | 806 | 314 | 81 | 281 | 240 | 292 | 29 | |
65 |
231 | 806 | 314 | 81 | 281 | 240 | 292 | 29 | |
9903 |
66,281 | -100,198 | 13,656 | 1,067 | -4,473 | 589 | 17,091 | -13,671 | |
67/77 |
465 | - | 3,243 | - | - | - | - | - | |
9904 |
65,816 | -100,198 | 10,412 | 1,067 | -4,473 | 589 | 17,091 | -13,671 | |
9905 |
65,816 | -100,198 | 10,412 | 1,067 | -4,473 | 589 | 17,091 | -13,671 | |
| Appropriation of the result | |||||||||
9906 |
65,816 | -89,895 | 10,985 | 603 | -464 | 4,009 | 3,420 | -13,671 | |
14P |
- | 10,303 | - | - | - | - | - | - | |
691/2 |
89,895 | - | 683 | 30 | - | - | - | - | |
691 |
89,895 | - | - | - | - | - | - | - | |
6920 |
- | - | 683 | 30 | - | - | - | - | |
| Document | |||||||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2022 (PDF), filed on 06-08-2024.
Filings
each dot is a set of accounts, on the day it reached the National Bank2022 annual accounts filed 372 days after the deadline. Filed on 6 August 2024, deadline 31 July 2023 (7 months after the close on 31 December 2022, Companies Code art. 3:10). Source: NBB, 2024-00345382.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2022 | micro format | 06-08-2024 | 2024-00345382 | |
| 31-12-2021 | micro format | 29-07-2023 | 2023-00314125 | |
| 31-12-2020 | micro format | 22-11-2021 | 2021-78200137 | |
| 31-12-2019 | micro format | 18-09-2020 | 2020-54200310 | |
| 31-12-2018 | full format | 05-09-2019 | 2019-63600476 | |
| 31-12-2017 | full format | 05-09-2019 | 2019-63400423 | |
| 31-12-2016 | full format | 21-10-2019 | 2019-70800304 | |
| 31-12-2015 | full format | 02-08-2016 | 2016-39400472 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|
| 73,711 | -95,726 | 17,635 | 2,302 | - | - | - | -12,796 | ||
| 73,016 | -96,533 | 14,078 | 2,221 | - | - | - | -12,825 | ||
| 20,063 | 0 | 16,067 | 0 | - | - | - | 1,154 | ||
| 852 | -4,141 | 5,423 | -64 | -2,009 | -9,245 | 7,953 | - | ||
| -39,166 | -84,919 | 11,614 | 10,803 | 4,582 | 9,055 | 8,466 | -8,625 | ||
| - | - | - | - | - | - | - | -11.5% | ||
| -20.2% | -267.9% | 46.2% | 31.7% | 41.6% | 53.0% | 52.0% | -50.4% | ||
| 0.37 | 0.19 | 1.42 | 1.47 | 1.57 | 2.00 | 1.95 | 0.61 | ||
| 0.07 | 0.04 | 0.51 | 1.22 | 0.89 | 1.40 | 1.88 | 0.25 | ||
| - | - | 1.17 | 2.15 | 1.40 | 0.89 | 0.92 | - | ||
| - | - | 43.4% | 9.9% | -78.0% | 5.8% | 177.7% | - | ||
| 128.2% | -352.4% | 20.0% | 3.1% | -32.4% | 3.1% | 92.3% | -92.3% | ||
| over 100 | -118.71 | - | - | - | - | - | - | ||
| - | - | - | - | - | - | - | 36 days |
EBIT margin: not included in this filing.
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2022 | 2021 |
|---|---|---|
| Tangible fixed assets | €20,063 | - |
| €7,200 | €3,665 |
Source: notes to the 2021 to 2022 annual accounts (statement of fixed assets)
Insights on SABZ
The operating result for 2022 is a profit of €66,511, after a loss of €99,391 in 2021. It is the highest result since 2015.
Equity is negative. Debt (€61,717) exceeds the balance-sheet total (€51,351).
Board & ownership
Curators
the curators have managed the company since 21-01-2026Curator, Rue de Charleroi 2, 1400 Nivelles
from 18-09-2023 to 16-10-2023
Also on 162 other cases
Last board
1 director, last change in 2022Mandates through the years
3 names, the dashed line is todayBoardEarliermandate already running before its first mentionBankruptcy 21-01-2026
Mandates as a list
- Kaur Narender
- Director, appointed by deed of 09-03-2021, until the bankruptcy of 21-01-2026
- Kaur Narinder
- Director, until 16-03-2022
- Raoufi Massihoulah
- Director, appointed by deed of 17-11-2020, until 01-01-2021
Control
Capital
- Contribution
- €13,000
- Source
- 2022 annual accounts
Network & group
No group
SABZ has no parent and no holdings in its annual accounts. Kaur Narender is the only director. SABZ shares no director with another company.
At the same address
Grondwetplein 8, 1060 Saint-Gilles · 2 other companies| PB7 TRADING
establishment since 17-11-2023 · founded in 2023 |
total assets €45,315 (2025) 1002.243.689 |
| PETROCLEAN
establishment since 01-09-2026 · founded in 2021 · negative equity (2025) |
total assets €29,042 (2025) 0771.566.011 |
Timeline
Timeline
23 events since 2015Board
Filings
Financial
Establishments
Insolvency
Address
201620182020202220242026
2026
PETROCLEAN at this address Establishment
Bankruptcy published French-language Enterprise Court of Brussels · judgment of 21-01-2026
2024
Annual accounts 2022 filed PDFmicro format · 372 days late
2023
PB7 TRADING at this address Establishment
Bankruptcy reversal French-language Enterprise Court of Brussels · judgment of 16-10-2023
Bankruptcy published French-language Enterprise Court of Brussels · judgment of 18-09-2023
Annual accounts 2021 filed PDFmicro format · 363 days late
2022
Back to profit net €65,816 The net result is €65,816, after one loss-making year.
Resignation: Kaur Narinder (director)Director discharge: Kaur Narinder · General meeting of 30-09-20213 points ▸
- General meeting, 30-09-2021
- Director resignation, Kaur Narinder
- Director discharge, Kaur Narinder
- The deed holds 2 more points.
2021
Weakest financial year net -€100,198 The net result drops to -€100,198, the lowest from 2015 to 2022.
Annual accounts 2020 filed PDFmicro format · 114 days late
Appointment: Kaur Narender (director)Resignation: Raoufi Massihoulah (director) · Director discharge: Raoufi Massihoulah · General meeting of 31-12-20206 points ▸
- General meeting, 31-12-2020
- Director appointment, Kaur Narender
- Director resignation, Raoufi Massihoulah
- Director discharge, Raoufi Massihoulah
- Board composition, Kajinder Singh (director)
- Board composition, Kaur Narender (director)
- The deed holds 3 more points.
2020
- General meeting, 24-10-2020
- Director appointment, Raoufi Massihoulah
- The deed holds 1 more point.
Annual accounts 2019 filed PDFmicro format · 49 days late
2019
Back to profit net €1,067 The net result is €1,067, after one loss-making year.
Annual accounts 2016 filed PDFfull format · 812 days late
Annual accounts 2017 filed PDFfull format · 401 days late
Annual accounts 2018 filed PDFfull format · 36 days late
2016
Back to profit net €17,091 The net result is €17,091, after one loss-making year.
Liquidity more than triples current ratio 1.95 The current ratio rises from 0.61 to 1.95. Short-term debt falls from €22,280 to €8,887.
Annual accounts 2015 filed PDFfull format · 2 days late
2015
First establishment MIDI EXPRESS, Grondwetplein 8, Sint-Gillis (bij-Brussel)
Incorporation PDF8 publications in the Belgian Official Gazette, the last on 16-03-2022 · published on 17-02-2015
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0597.987.083
- VAT number
- BE 0597.987.083
- Legal form
- Private limited company (pre-2019)
- Status
- In bankruptcy, since 21-01-2026
- Founded
- 13-02-2015
- Financial year
- ends on 31 December
- Peppol
- Not found in the Peppol Directory
- Name
- SABZ in French
- Entity type
- Legal entity
Activities
NACEBEL 202547110
Non-specialised retail sale with food, beverages or tobacco predominating main activity
Codes under NACEBEL 2008
47112
Retail trade main activity
Registered office and establishments
1 establishment| Establishment | Since | Unit number | FASFC approval |
|---|---|---|---|
| MIDI EXPRESS registered office Grondwetplein 8, 1060 Sint-Gillis (bij-Brussel) | 18-02-2015 | 2.239.399.210 | Retail trade |
Buildings and parcels at the address
- Ground area
- 831 m²
- Buildings
- 717 m²
- Volume, LiDAR
- 15,436 m³
- Tallest building
- 27.6 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21562A0393/00N011 | 831 m² | 1 · 717 m² | 27.6 m · 8 |
Recognitions
Food safety, FASFC
1 siteSaint-Gillesunit number 2.239.399.210