SAK & KOL
ActiveSummary
The computed 12-month bankruptcy probability of SAK & KOL is 6.1% (elevated). For SAK & KOL, at least two filing cycles of the annual accounts are missing. The 2021 annual accounts show equity of €11k and a net result of €909. Equity is growing by ~103.8% per year across the filed fiscal years. Its solvency ranks better than 54% of 14992 sector peers (fiscal year 2021). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2021 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Axes, FY 2021 · tick = 2020
Profitability48▼-52
Solvency60▼-22
Growth78=
Track record100
Bankruptcy probability, 12 months
6.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2021Solvency, return and age of the figures
Solvency
35.2%
Return on assets
2.9%
Age of the figures
57 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 · 8 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline25-09-2026 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 04-08-2023, 369 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 · 8 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
369 d late
2020
312 d late
2019
334 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€909▼ 95.5%
2020 · €20k
2019: €-4klowest in 3 years
2020: €20k▲ +672% vs 2019highest in 3 years
2021: €909▼ -95.5% vs 2020
2019 → 2021
Working capital
€10k▲ 2.3%
2020 · €10k
2019: €-15klowest in 3 years
2020: €10k▲ +164% vs 2019
2021: €10k▲ +2.3% vs 2020highest in 3 years
2019 → 2021
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201920202021Trend
Equity€-10k-€10k€11k▲ 9.0%
2019: €-10klowest in 3 years
2020: €10k▲ +199% vs 2019
2021: €11k▲ +9.0% vs 2020highest in 3 years
Operating result€-3k-€22k€2k▼ 92.3%
2019: €-3klowest in 3 years
2020: €22k▲ +778% vs 2019highest in 3 years
2021: €2k▼ -92.3% vs 2020
Net result€-4k-€20k€909▼ 95.5%
2019: €-4klowest in 3 years
2020: €20k▲ +672% vs 2019highest in 3 years
2021: €909▼ -95.5% vs 2020
Result per fiscal year
Operating resultNet result
The operating result falls in 2021; 2021 is 92% below 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €31k
Fixed assets
€1k ▲ 161%
Current assets
€30k ▲ 74.6%
Equity and liabilities €31k
Equity
€11k ▲ 9.0%
Debt
€20k ▲ 166%
Debt's share of the balance-sheet total rises from 43.0% to 64.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€2k▼
2020 · €26k
Cash flow
€2k▼
2020 · €25k
Current ratio
1.49▼
2020 · 2.27
Quick ratio
1.46▼
2020 · 2.27
Debt to equity
1.84▲
2020 · 0.75
ROE
8.3%▼
2020 · 202.8%
ROA
2.9%▼
2020 · 115.6%
Interest coverage
3.10▼
2020 · 20.84
Debt ≤ 1 year
€20k▲
2020 · €8k
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 · 39 lines
Balance sheet
Code20202021
Assets
Total assets20/58€18k€31k▲
Fixed assets21/28€425€1k▲
Tangible fixed assets22/27€0€685▲
Plant, machinery and equipment23€0-
Furniture and vehicles24-€685
Financial fixed assets28€425€425=
Current assets29/58€17k€30k▲
Stocks and contracts in progress3-€514
Stocks30/36-€514
Amounts receivable within one year40/41€744€23k▲
Trade receivables40-€22k
Other amounts receivable41€744€943▲
Cash at bank and in hand54/58€16k€7k▼
Equity and liabilities
Total equity and liabilities10/49€18k€31k▲
Equity10/15€10k€11k▲
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Profit (loss) carried forward14€-9k€-8k▲
Amounts payable17/49€8k€20k▲
Amounts payable within one year42/48€8k€20k▲
Trade debts44€8k€20k▲
Suppliers440/4€8k€20k▲
Income statement
Code20202021
Non-recurring operating income76A-€3k
Remuneration, social security and pensions62€404-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€685▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€805
Other operating charges640/8€2k€3k▲
Gross operating margin9900€29k€6k▼
Operating profit (loss)9901€22k€2k▼
Financial income75/76B-€1
Recurring financial income75-€1
Financial charges65/66B€1k€758▼
Recurring financial charges65€1k€758▼
Profit (loss) for the period before taxes9903€20k€909▼
Profit (loss) for the period9904€20k€909▼
Profit (loss) for the period to be appropriated9905€20k€909▼
Appropriation of the result
Profit (loss) to be appropriated9906€-9k€-8k▲
Profit (loss) brought forward from the previous period14P€-29k€-9k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €3k | - |
| Remuneration, social security and pensions62 | - | €404 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €4k | €685 | ▼ 84.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €805 | - |
| Other operating charges640/8 | - | €2k | €3k | ▲ 30.7% |
| Gross operating margin9900 | €10k | €29k | €6k | ▼ 78.5% |
| Operating profit (loss)9901 | €-3k | €22k | €2k | ▼ 92.3% |
| Financial income75/76B | - | - | €1 | - |
| Recurring financial income75 | - | - | €1 | - |
| Financial charges65/66B | - | €1k | €758 | ▼ 39.3% |
| Recurring financial charges65 | €375 | €1k | €758 | ▼ 39.3% |
| Profit (loss) for the period before taxes9903 | €-4k | €20k | €909 | ▼ 95.5% |
| Profit (loss) for the period9904 | €-4k | €20k | €909 | ▼ 95.5% |
| Profit (loss) for the period to be appropriated9905 | €-4k | €20k | €909 | ▼ 95.5% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €10k | €18k | €31k | ▲ 76.6% |
| Fixed assets21/28 | €5k | €425 | €1k | ▲ 161% |
| Tangible fixed assets22/27 | €4k | €0 | €685 | ▲ 171,140% |
| Plant, machinery and equipment23 | - | €0 | - | - |
| Furniture and vehicles24 | - | - | €685 | - |
| Financial fixed assets28 | €425 | €425 | €425 | = |
| Current assets29/58 | €5k | €17k | €30k | ▲ 74.6% |
| Stocks and contracts in progress3 | - | - | €514 | - |
| Stocks30/36 | - | - | €514 | - |
| Amounts receivable within one year40/41 | €488 | €744 | €23k | ▲ 2,983% |
| Trade receivables40 | - | - | €22k | - |
| Other amounts receivable41 | - | €744 | €943 | ▲ 26.8% |
| Cash at bank and in hand54/58 | €4k | €16k | €7k | ▼ 59.9% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €10k | €18k | €31k | ▲ 76.6% |
| Equity10/15 | €-10k | €10k | €11k | ▲ 9.0% |
| Contributions10/11 | €19k | €19k | €19k | = |
| Capital10 | - | €19k | €19k | = |
| Issued capital100 | - | €19k | €19k | = |
| Profit (loss) carried forward14 | €-29k | €-9k | €-8k | ▲ 10.6% |
| Amounts payable17/49 | €20k | €8k | €20k | ▲ 166% |
| Amounts payable within one year42/48 | €20k | €8k | €20k | ▲ 166% |
| Trade debts44 | €2k | €8k | €20k | ▲ 166% |
| Suppliers440/4 | - | €8k | €20k | ▲ 166% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-4k | €20k | €909 | ▼ 95.5% |
| + Depreciation and write-downs630 | €9k | €4k | €685 | ▼ 84.3% |
| Operating cash flow (approximation) | €5k | €25k | €2k | ▼ 93.6% |
| Investment in fixed assets (approximation) | - | €141 | €-1k | ▼ 1,074% |
| Change in cash | - | €12k | €-10k | ▼ 182% |
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
2023
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 369 days late
2022
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 312 days late
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 334 days late
2020
31-12
Financial
Back to profitnet €20k
Net result €20k after one loss-making year.
31-12
Financial
Liquidity times 9current ratio 2.27
Current ratio from 0.25 to 2.27; short-term debt falls from €20k to €8k.
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 56 days late
19-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 262 days late
19-04
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 627 days late
19-04
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 993 days late
2014
19-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 19 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Vorst · 1 establishment unit since 2012
Ground area
109 m²
Building footprint
101 m²
Volume, LiDAR
1,051 m³
Parcel 21384D0216/00M002, Brussels · tallest building 13.4 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
SAK & KOL
since 20122.212.154.779
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21384D0216/00M002 | Brussels | 108 m² | 1 · 101 m² | 13.4 m · 3 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteVorst2.212.154.779
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Of 21,853 companies in sector 56112 we hold annual accounts for 9,776. 7,126 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded06-07-2012
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
Scores and ratios are computed by Checked and are not a credit decision.