SADEC
Open bankruptcyA bankruptcy procedure is open for SADEC according to publications in the Belgian State Gazette; curator: JOAN DUBAERE.
Summary
The 2020 annual accounts show equity of €47,673 and a net result of €1,581.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Brussels
- Declared bankrupt
- 27 February 2024
- Supervising judge
- Hendrik Nauta
- Official Gazette
- 11-03-2024 (pdf) ↗search the document for 2024/110124
Deadlines
- Provisional date payments stopped
- 27 February 2024A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 26 March 2024Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 28 March 2024art. XX.104 and XX.155 CEL
- First verification report
- passed on 3 April 2024Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 27 February 2025Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Joan DubaereKeizer Karellaan 586 Bus 9, 1082 Sint-Agatha-Berchemjdubaere@racine.eu
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 16-03-2021, 137 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
137 d early
2019
48 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 45 days before the deadline; 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
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2020, micro schema
Equity
€47,673▲ 3.4%
2019 · €46,092
Total assets
€49,920▼ 31.2%
2019 · €72,521
Net result
€1,581▲ 85.2%
2019 · €854
Working capital
€47,151▲ 127%
2019 · €20,751
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
Line201820192020
Operating result€19,847-€503▼ 97.5%-€835
Net result€14,329-€854▼ 94.0%€1,581▲ 85.2%
Equity€45,238-€46,092▲ 1.9%€47,673▲ 3.4%
Total assets€79,575-€72,521▼ 8.9%€49,920▼ 31.2%
Debt€34,337-€26,429▼ 23.0%€2,247▼ 91.5%
Working capital€19,738-€20,751▲ 5.1%€47,151▲ 127%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2020: a loss of €835 after €503 in 2019, the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €49,920
Fixed assets
€530 ▼ 97.9%
Current assets
€49,390 ▲ 5.0%
Equity and liabilities €49,920
Equity
€47,673 ▲ 3.4%
Debt
€2,247 ▼ 91.5%
Debt's share of the balance-sheet total falls from 36.4% to 4.5%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
22.06▲
2019 · 1.79
Quick ratio
21.89▲
2019 · 1.77
ROE
3.3%▲
2019 · 1.9%
ROA
3.2%▲
2019 · 1.2%
Debt ≤ 1 year
€2,238▼
2019 · €26,269
Income taxes
€274▼
2019 · €713
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €302 | - | - | - |
| Gross operating margin9900 | €21,686 | €1,813 | €402 | ▼ 77.8% |
| Operating profit (loss)9901 | €19,847 | €503 | -€835 | ▼ 266% |
| Recurring financial income75 | €892 | €1,907 | €2,949 | ▲ 54.7% |
| Recurring financial charges65 | €391 | €844 | €259 | ▼ 69.3% |
| Profit (loss) for the period before taxes9903 | €20,349 | €1,566 | €1,855 | ▲ 18.4% |
| Income taxes67/77 | €6,019 | €713 | €274 | ▼ 61.5% |
| Profit (loss) for the period9904 | €14,329 | €854 | €1,581 | ▲ 85.2% |
| Profit (loss) for the period to be appropriated9905 | €14,329 | €854 | €1,581 | ▲ 85.2% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €79,575 | €72,521 | €49,920 | ▼ 31.2% |
| Fixed assets21/28 | €25,500 | €25,500 | €530 | ▼ 97.9% |
| Tangible fixed assets22/27 | €25,000 | €25,000 | - | - |
| Financial fixed assets28 | €500 | €500 | €530 | ▲ 6.0% |
| Current assets29/58 | €54,075 | €47,021 | €49,390 | ▲ 5.0% |
| Stocks and contracts in progress3 | €1,550 | €585 | €387 | ▼ 33.8% |
| Amounts receivable within one year40/41 | €36,535 | €35,399 | €44,336 | ▲ 25.2% |
| Cash at bank and in hand54/58 | €5,478 | €9,668 | €4,491 | ▼ 53.5% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €79,575 | €72,521 | €49,920 | ▼ 31.2% |
| Equity10/15 | €45,238 | €46,092 | €47,673 | ▲ 3.4% |
| Contributions10/11 | €20,000 | €20,000 | - | - |
| Reserves13 | €22,900 | €26,092 | €27,673 | ▲ 6.1% |
| Profit (loss) carried forward14 | €2,338 | €2,009 | €2,338 | ▲ 16.4% |
| Amounts payable17/49 | €34,337 | €26,429 | €2,247 | ▼ 91.5% |
| Amounts payable within one year42/48 | €34,337 | €26,269 | €2,238 | ▼ 91.5% |
| Trade debts44 | €17,166 | €20,483 | €1,252 | ▼ 93.9% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,329 | €854 | €1,581 | ▲ 85.2% |
| + Depreciation and write-downs630 | €302 | - | - | - |
| Operating cash flow (approximation) | €14,631 | €854 | €1,581 | ▲ 85.2% |
| Investment in fixed assets (approximation) | - | €0 | €24,970 | - |
| Change in cash | - | €4,190 | -€5,177 | ▼ 224% |
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
2024
11-03
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 27-02-2024
2021
16-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Liquidity times 12current ratio 22.06
Current ratio from 1.79 to 22.06; short-term debt falls from €26,269 to €2,238.
17-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 48 days late
2019
31-12
Financial
Weakest financial yearnet €854 ▼94%
Net result drops to €854, the lowest in the series.
05-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
2015
12-06
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
17-06
NBB filing
Annual accounts filed
fiscal year 2013 · full schema
2013
30-08
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 30 days late
2012
31-07
NBB filing
Annual accounts filed
fiscal year 2011 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Ganshoren
Ground area
3,243 m²
Building footprint
427 m²
Volume, LiDAR
10,337 m³
Parcel 21008A0392/00X000, Brussels · tallest building 27.7 m, ±8 floors. Linked by address, not a title deed.
10
companies at this address
See who is registered here
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21008A0392/00X000 | Brussels | 3,242 m² | 1 · 427 m² | 27.7 m · 8 fl. |
Linked by address, not proof of ownership
Good to know
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
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JOAN DUBAERE KEIZER KARELLAAN 586 BUS 9,
1082 SINT-AGATHA-BERCHEM |
27-02-2024 → present |
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded31-12-1999
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.