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SANDINES

Open bankruptcy
Private limited companyfounded 1989Doornstraat 3B, 2610 Antwerpen, BelgiumKBO/BCE: BE 0437.629.653

A bankruptcy procedure is open for SANDINES according to publications in the Belgian State Gazette; curator: INGE VAN GOETHEM.

Summary

The 2021 annual accounts show negative equity (-€68,436) and a net result of €9,419.

SANDINESOpen bankruptcy

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 Antwerp, Antwerp division
Declared bankrupt
22 June 2023
Supervising judge
Benoit Ide
Official Gazette
28-06-2023 (pdf) ↗search the document for 2023/126004

Deadlines

Provisional date payments stopped
22 June 2023A later judgment can change the date.art. XX.105 CEL
Appeal or third-party opposition until
passed on 13 July 2023Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
File the claim in RegSol until
passed on 22 July 2023art. XX.104 and XX.155 CEL
First verification report
passed on 18 August 2023Goods 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 22 June 2024Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL

Curator

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. 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.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. 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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Overview

Activity
Limited-service restaurants, excluding mobile food services
NACE 56112NACE 55302Limited-service restaurants NACE 56102
1 site
Size
€4,375total assets 2021
Equity
-€68,436
Profit
€9,419
Turnover not published (abridged schema)
Financial health
Open bankruptcy: no score
Structure
Accounts 1164 d overdue0 of 2 deeds read
Signals- Open bankruptcyShow the evidence

Signals

1 signal.
+raises risk
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator. The KBO register also records: open bankruptcy.
Belgian State Gazette
Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. OpeningOndernemingsrechtbank Antwerpen, afdeling Antwerpen ·…
  2. Annual accounts filedfiscal year 2021 · micro…
  3. Highest result since 2018net €9,419 ▲190%

Financials · fiscal year 2021, micro schema

Equity
-€68,436▲ 12.1%
2020 · -€77,855
Total assets
€4,375▼ 25.1%
2020 · €5,845
Net result
€9,419▲ 190%
2020 · €3,251
Working capital
-€70,516▲ 11.9%
2020 · -€80,041
Trend over the years

2018 to 2021, 4 fiscal years 2018 to 2021, 4 fiscal years

The operating result has risen three years in a row; 2021 is 185% above 2020 and is the highest result in the available series.

What the company sold each fiscal year and what was left of it. A loss stands below the zero line.

Operating result€9,485 2021 Net result€9,419 2021

Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the fiscal year before
favourable unfavourable
Line2018201920202021
Operating result-€14,324--€6,668▲ 53.4%€3,326€9,485▲ 185%
Net result-€14,350--€6,740▲ 53.0%€3,251within the sector's middle half€9,419within the sector's middle half▲ 190%
Equity-€74,367--€81,106▼ 9.1%-€77,855below the sector's middle half▲ 4.0%-€68,436below the sector's middle half▲ 12.1%
Total assets€11,619-€10,822▼ 6.9%€5,845below the sector's middle half▼ 46.0%€4,375below the sector's middle half▼ 25.1%
Debt€85,986-€91,928▲ 6.9%€83,700▼ 9.0%€72,811▼ 13.0%
Working capital-€76,860--€83,398▼ 8.5%-€80,041below the sector's middle half▲ 4.0%-€70,516below the sector's middle half▲ 11.9%
Solvency-640.0%--749.5%▼ 109.4pp
Current ratio0.11-0.09▼ 0.010.04below the sector's middle half▼ 0.05
Return on assets (ROA)-123.5%--62.3%▲ 61.2pp55.6%above the sector's middle half▲ 117.9pp
Staff (FTE)5.4-4.2▼ 22.2%1.1within the sector's middle half▼ 73.8%
above within below the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €4,375
Fixed assets €2,080 ▼ 4.8%
Current assets €2,295 ▼ 37.3%
Equity and liabilities
Equity-€68,436
Debt€72,811
Equity is negative: debt (€72,811) exceeds the balance-sheet total (€4,375).
Key figures and ratios
2021 value · change against 2020
EBITDA
€9,591▲
2020 · €3,432
Cash flow
€9,525▲
2020 · €3,357
Interest coverage
145.91
Debt ≤ 1 year
€72,811▼
2020 · €83,700
Ratios withheld: a balance sheet total of €4,375 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2021 against 2020 · 30 lines
Balance sheet Code20202021
Assets
Total assets20/58€5,845€4,375▼
Fixed assets21/28€2,186€2,080▼
Tangible fixed assets22/27€106-
Financial fixed assets28€2,080€2,080=
Current assets29/58€3,659€2,295▼
Stocks and contracts in progress3€2,510€1,780▼
Stocks30/36-€1,780
Amounts receivable within one year40/41€771-
Cash at bank and in hand54/58€378€515▲
Equity and liabilities
Total equity and liabilities10/49€5,845€4,375▼
Equity10/15-€77,855-€68,436▲
Contributions10/11-€18,592
Profit (loss) carried forward14-€96,447-€87,028▲
Amounts payable17/49€83,700€72,811▼
Amounts payable within one year42/48€83,700€72,811▼
Trade debts44€27,691€5,951▼
Suppliers440/4-€5,951
Taxes, remuneration and social security45-€1,138
Taxes450/3-€1,138
Other amounts payable47/48-€65,723
Income statement Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€106€106=
Gross operating margin9900€10,795€9,591▼
Operating profit (loss)9901€3,326€9,485▲
Financial charges65/66B-€66
Recurring financial charges65€75€66▼
Profit (loss) for the period before taxes9903€3,251€9,419▲
Profit (loss) for the period9904€3,251€9,419▲
Profit (loss) for the period to be appropriated9905€3,251€9,419▲
Appropriation of the result
Profit (loss) to be appropriated9906--€87,028
Profit (loss) brought forward from the previous period14P--€96,447

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2018201920202021Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€202€202€106€106=
Gross operating margin9900-€6,484€174€10,795€9,591▼ 11.2%
Operating profit (loss)9901-€14,324-€6,668€3,326€9,485▲ 185%
Financial charges65/66B---€66-
Recurring financial charges65€26€71€75€66▼ 12.3%
Profit (loss) for the period before taxes9903-€14,350-€6,740€3,251€9,419▲ 190%
Profit (loss) for the period9904-€14,350-€6,740€3,251€9,419▲ 190%
Profit (loss) for the period to be appropriated9905-€14,350-€6,740€3,251€9,419▲ 190%
Line2018201920202021Change
Assets
Total assets20/58€11,619€10,822€5,845€4,375▼ 25.1%
Fixed assets21/28€2,493€2,292€2,186€2,080▼ 4.8%
Tangible fixed assets22/27€413€212€106--
Financial fixed assets28€2,080€2,080€2,080€2,080=
Current assets29/58€9,126€8,530€3,659€2,295▼ 37.3%
Stocks and contracts in progress3€8,950€8,350€2,510€1,780▼ 29.1%
Stocks30/36---€1,780-
Amounts receivable within one year40/41€128-€771--
Cash at bank and in hand54/58€48€180€378€515▲ 36.2%
Equity and liabilities
Total equity and liabilities10/49€11,619€10,822€5,845€4,375▼ 25.1%
Equity10/15-€74,367-€81,106-€77,855-€68,436▲ 12.1%
Contributions10/11€18,592€18,592-€18,592-
Profit (loss) carried forward14-€92,959-€99,698-€96,447-€87,028▲ 9.8%
Amounts payable17/49€85,986€91,928€83,700€72,811▼ 13.0%
Amounts payable within one year42/48€85,986€91,928€83,700€72,811▼ 13.0%
Trade debts44€46,595€46,110€27,691€5,951▼ 78.5%
Suppliers440/4---€5,951-
Taxes, remuneration and social security45---€1,138-
Taxes450/3---€1,138-
Other amounts payable47/48---€65,723-
Line2018201920202021Change
Profit (loss) for the period9904-€14,350-€6,740€3,251€9,419▲ 190%
+ Depreciation and write-downs630€202€202€106€106=
Operating cash flow (approximation)-€14,149-€6,538€3,357€9,525▲ 184%
Investment in fixed assets (approximation)-€0€0€0-
Change in cash-€133€198€137▼ 30.7%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 21,850 companies in this sector we hold annual accounts for 9,980. See the whole sector

Directors

Directors
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →

Insolvency mandates

1 mandate
Role Name Tenure
Curator INGE VAN GOETHEM
Verdussenstraat 29, 2018 Antwerpen 1
22-06-2023 → present

Owners and capital

Owners

1 owner

Owners 1

According to the annual accounts of the companies, the acts in the Belgian Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Companies Code and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Group and network

Connections & network

No directors read yet: 0 of 2 Gazette acts processed.

History

SANDINES was incorporated on 19 June 1989.1 Total assets fell from €11,619 in 2018 to €4,375 in 2021 and headcount from 5.4 full-time equivalents in 2018 to 1.1 in 2020.2 On 22 June 2023 the company was declared bankrupt.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018, 2020 and 2021
  3. 3Belgian State Gazette, 28-06-2023

Acts, filings and financial milestones

2023
28-06
Bankruptcy Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 22-06-2023
2022
15-12
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 137 days late
2021
31-12
Financial Highest result since 2018net €9,419 ▲190%
Operating result €9,485, net result €9,419, both a record.
27-08
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial Back to profitnet €3,251
Net result €3,251 after 2 loss-making years.
14-08
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 14 days late
2019
23-08
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
24-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
2017
04-09
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 35 days late
2016
26-08
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 26 days late
2015
24-08
NBB filing Annual accounts filed
fiscal year 2014 · abbreviated schema · 24 days late
2014
28-08
NBB filing Annual accounts filed
fiscal year 2013 · abbreviated schema · 28 days late
2013
09-08
NBB filing Annual accounts filed
fiscal year 2012 · abbreviated schema · 9 days late
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.

Have them read with priority Sign in to place this company at the front of the reading queue.

Register details

Identification
Legal formPrivate limited company
Founded19-06-1989
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
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 6 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Sites & property

Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 1989
seat establishment The establishment unit on the map
Ground area
7,846 m²
Building footprint
2,337 m²
Volume, LiDAR
14,449 m³
2 parcels, Flanders · tallest building 19.8 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
SANDINES
Doornstraat 3 B, 2610 AntwerpenNACE 5530105
since 1989unit no. 2.043.825.830
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11051C0006/00H002 Flanders 7,292 m² 1 · 2,276 m² 19.8 m · 2 fl.
11051C0007/00L000 Flanders 554 m² 1 · 61 m² 8.1 m · 2 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.