SAFFRONLINE
Open bankruptcyA bankruptcy procedure is open for SAFFRONLINE according to publications in the Belgian State Gazette; curator: SVEN LEENDERS. The 2023 annual accounts show equity of €20k and a net result of €23k.
Signals
Three signals.
+raises risk○neutral
Financials · fiscal year 2023, abbreviated schema
Equity
€20k
2022 · €-2k
2021: €-7k
2022: €-2k
2021 → 2023
Total assets
€29k▲ 2,586%
2022 · €1k
2021: €4k
2022: €1k
2021 → 2023
Net result
€23k▲ 367%
2022 · €5k
2021: €-12k
2022: €5k
2021 → 2023
Working capital
€20k
2022 · €-2k
2021: €-7k
2022: €-2k
2021 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202120222023Trend
Equity€-7k-€-2k▲ 68.4%€20k
Operating result€-11k-€5k€28k▲ 463%
Net result€-12k-€5k€23k▲ 367%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2023 is 463% above 2022 and is the highest result in the available series.
Balance-sheet composition
Equity and liabilities €29k
Equity
€20k
Debt
€9k
Debt finances 29.8% of the balance-sheet total.
Key figures and ratios
Solvency
70.2%
Current ratio
3.36
Quick ratio
3.36
Debt / equity
0.42
ROE
111.0%
ROA
78.0%
Debt
€9k▲
2022 · €3k
Debt ≤ 1 year
€9k▲
2022 · €3k
Income taxes
€6k
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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€1k€29k▲
Current assets29/58€1k€29k▲
Amounts receivable within one year40/41€155€25k▲
Trade receivables40-€3k
Other amounts receivable41€155€23k▲
Cash at bank and in hand54/58€930€4k▲
Equity and liabilities
Total equity and liabilities10/49€1k€29k▲
Equity10/15€-2k€20k▲
Contributions10/11€5k€5k=
Reserves13-€15k
Distributable reserves133-€15k
Profit (loss) carried forward14€-7k-
Amounts payable17/49€3k€9k▲
Amounts payable within one year42/48€3k€9k▲
Trade debts44€673€3k▲
Suppliers440/4€673€3k▲
Taxes, remuneration and social security45-€6k
Taxes450/3-€6k
Other amounts payable47/48€3k-
Income statement
Code20222023
Other operating charges640/8€2k€403▼
Gross operating margin9900€7k€28k▲
Operating profit (loss)9901€5k€28k▲
Financial income75/76B-€538
Recurring financial income75-€538
Financial charges65/66B€97€101▲
Recurring financial charges65€97€101▲
Profit (loss) for the period before taxes9903€5k€28k▲
Income taxes67/77-€6k
Profit (loss) for the period9904€5k€23k▲
Profit (loss) for the period to be appropriated9905€5k€23k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-7k€15k▲
Profit (loss) brought forward from the previous period14P€-12k€-7k▲
Transfer to equity691/2-€15k
To other reserves6921-€15k
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
02-10
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · SAFFRONLINE BV BERNARD VAN ORLEYPLEIN 5/2, 2650 EDEGEM · event 25-09-2025
2024
24-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 146 days late
2023
31-12
Financial
Highest result since 2021net €23k ▲367%
Operating result €28k, net result €23k, both a record.
31-12
Financial
Liquidity times 10current ratio 3.36
Current ratio from 0.33 to 3.36.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 60 days late
2022
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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
1 establishment unit since 2020
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.
Ground area
793 m²
Building footprint
304 m²
Volume, LiDAR
2,371 m³
2 parcels, Flanders · tallest building 10.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SAFFRONLINE
since 20202.310.804.472
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11472C0185/00S000 | Flanders | 573 m² | 1 · 201 m² | 9.0 m · 3 fl. |
| 11013A0276/00T002 | Flanders | 221 m² | 1 · 103 m² | 10.7 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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 | SVEN LEENDERS GROTE STEENWEG 154,
2600 BERCHEM (ANTWERPEN) |
25-09-2025 → present |
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 1,094 EUR awarded · 1,094 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 1,094 EUR | 1,094 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteEdegem2.310.804.472
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Of 4,567 companies in sector 74999 we hold annual accounts for 1,938. 1,306 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-12-2020
Fiscal year end31-12
Activities, NACEBEL
74909Other professional, scientific and technical activities
74999Other professional, scientific and technical activities
47120Other non-specialised retail sale
47279Other retail sale of food
47299Retail trade
47910Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.