SACHA GLOW
InactiveSACHA GLOW was declared bankrupt on 13-11-2023 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed by liquidation by judgment of 03-03-2026, published in the Belgian State Gazette on 10-03-2026.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 3 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline24-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 28-11-2022, 120 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
120 d late
2020
131 d late
2019
104 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Equity
€-15k▼ 66.2%
2020 · €-9k
2019: €1k
2020: €-9k
2019 → 2021
Total assets
€19k▼ 7.7%
2020 · €21k
2019: €25k
2020: €21k
2019 → 2021
Net result
€-6k▲ 40.7%
2020 · €-10k
2019: €1k
2020: €-10k
2019 → 2021
Working capital
€-23k▼ 48.7%
2020 · €-16k
2019: €-843
2020: €-16k
2019 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201920202021Trend
Equity€1k-€-9k€-15k▼ 66.2%
Operating result€1k-€-9k€-5k▲ 45.9%
Net result€1k-€-10k€-6k▲ 40.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5k in 2021 against €9k in 2020; the loss shrinks.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €19k
Fixed assets
€17k ▼ 11.0%
Current assets
€3k ▲ 21.3%
Key figures and ratios
EBITDA
€-2k▲
2020 · €-6k
Cash flow
€-3k▲
2020 · €-7k
Solvency
-75.3%▼
2020 · -41.8%
Current ratio
0.10▼
2020 · 0.12
Debt to equity
-2.33▼
2020 · -1.36
ROA
-30.0%▲
2020 · -46.7%
Interest coverage
-1.73
Debt
€34k▲
2020 · €30k
Debt ≤ 1 year
€26k▲
2020 · €18k
Debt > 1 year
€8k▼
2020 · €12k
Income taxes
€128
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2021 against 2020 · 38 lines
Balance sheet
Code20202021
Assets
Total assets20/58€21k€19k▼
Fixed assets21/28€19k€17k▼
Intangible fixed assets21€13k€12k▼
Tangible fixed assets22/27€2k€1k▼
Furniture and vehicles24-€1k
Financial fixed assets28€4k€4k=
Current assets29/58€2k€3k▲
Amounts receivable within one year40/41-€526
Trade receivables40-€526
Cash at bank and in hand54/58€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€21k€19k▼
Equity10/15€-9k€-15k▼
Contributions10/11-€1
Profit (loss) carried forward14€-9k€-15k▼
Amounts payable17/49€30k€34k▲
Amounts payable after more than one year17€12k€8k▼
Financial debts170/4-€8k
Amounts payable within one year42/48€18k€26k▲
Current portion of amounts payable after more than one year42-€5k
Trade debts44€1k€729▼
Suppliers440/4-€729
Taxes, remuneration and social security45-€148
Taxes450/3-€148
Other amounts payable47/48-€20k
Income statement
Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▲
Other operating charges640/8-€151
Gross operating margin9900€-6k€-2k▲
Operating profit (loss)9901€-9k€-5k▲
Financial income75/76B-€90
Recurring financial income75-€90
Financial charges65/66B-€1k
Recurring financial charges65€1k€1k▼
Profit (loss) for the period before taxes9903€-10k€-6k▲
Income taxes67/77-€128
Profit (loss) for the period9904€-10k€-6k▲
Profit (loss) for the period to be appropriated9905€-10k€-6k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€-15k
Profit (loss) brought forward from the previous period14P-€-9k
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
10-03
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise francophone de Bruxelles · SACHA GLOW AVENUE LOUISE 499, 1050 IXELLES. déclarée le 13 novembre 2023 · event 03-03-2026
2023
20-11
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · SACHA GLOW AVENUE LOUISE 499, 1050 IXELLES · event 13-11-2023
2022
28-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 120 days late
2021
09-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 131 days late
2020
31-12
Financial
Weakest financial yearnet €-10k ▼1070%
Net result drops to €-10k, the lowest in the series.
12-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 104 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | GENEVIEVE DEDOBBELEER RUE DE CHARLEROI 2,
1400 NIVELLES |
13-11-2023 → 03-03-2026 |