SANTOR ASSOCIATES
InactiveSANTOR ASSOCIATES was declared bankrupt on 12-06-2023 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 20-01-2026, published in the Belgian State Gazette on 30-01-2026.
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 30-06-2022, 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 · 7 filingsPosition against the passed deadline
30-06-2022 close31-01-2023 deadline24-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-06-2021 was due by 31-01-2022 and was filed on 22-02-2022, 22 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 7 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
22 d late
2020
26 d late
2018
26 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Equity
€69k▼ 0.9%
2020 · €70k
2020: €70k
2020 → 2021
Total assets
€189k▲ 144%
2020 · €78k
2020: €78k
2020 → 2021
Net result
€-596▼ 442%
2020 · €-110
2020: €-110
2020 → 2021
Working capital
€110k▲ 58.4%
2020 · €70k
2020: €70k
2020 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021Trend
Equity€70k-€69k▼ 0.9%
Operating result€-6-€-1k▼ 19,283%
Net result€-110-€-596▼ 442%
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 €1k in 2021 against €6 in 2020; the loss grows.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €188k
Fixed assets
€20k
Current assets
€168k
Equity and liabilities €189k
Equity
€69k ▼ 0.9%
Debt
€120k ▲ 1,414%
Debt's share of the balance-sheet total rises from 10.2% to 63.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-675
Cash flow
€-108
Current ratio
2.92▼
2020 · 9.79
Quick ratio
2.11▼
2020 · 3.94
Debt to equity
0.89
ROE
-0.9%▼
2020 · -0.2%
ROA
-0.3%▼
2020 · -0.1%
Debt ≤ 1 year
€58k▲
2020 · €8k
Debt > 1 year
€62k
Income taxes
€-2k
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 · 27 lines
Balance sheet
Code20202021
Assets
Total assets20/58€78k€189k▲
Formation expenses20-€922
Fixed assets21/28-€20k
Intangible fixed assets21-€1k
Tangible fixed assets22/27-€19k
Financial fixed assets28-€360
Current assets29/58€78k€168k▲
Stocks and contracts in progress3€46k€46k=
Amounts receivable within one year40/41€31k€58k▲
Cash at bank and in hand54/58-€64k
Equity and liabilities
Total equity and liabilities10/49€78k€189k▲
Equity10/15€70k€69k▼
Reserves13€5k€5k=
Profit (loss) carried forward14€14k€13k▼
Amounts payable17/49€8k€120k▲
Amounts payable after more than one year17-€62k
Amounts payable within one year42/48€8k€58k▲
Trade debts44€6k€40k▲
Income statement
Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€488
Gross operating margin9900€-6€4k▲
Operating profit (loss)9901€-6€-1k▼
Recurring financial income75-€386
Recurring financial charges65€104€2k▲
Profit (loss) for the period before taxes9903€-110€-3k▼
Income taxes67/77-€-2k
Profit (loss) for the period9904€-110€-596▼
Profit (loss) for the period to be appropriated9905€-110€-596▼
Timeline · acts, filings and financial milestones
2026
30-01
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · SRL SANTOR ASSOCIATES CHAUSSEE DE WATERLOO 996, 1180 UCCLE. déclarée le 12 juin 2023 · event 20-01-2026
2023
19-06
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · SRL SANTOR ASSOCIATES CHAUSSEE DE WATERLOO 996, 1180 UCCLE · event 12-06-2023
2022
22-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
26-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2019
26-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 146 days late
2016
08-02
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 8 days late
2015
06-02
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 6 days late
SignalNBB filing
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
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 | JEROME HENRI AVENUE ROGER VANDEN-
DRIESSCHE 18, 1150 WOLUWE-SAINT-PIERRE- curateur@bazacle-
solon.eu |
12-06-2023 → 20-01-2026 |