SAOZ
ActiveSummary
The computed 12-month bankruptcy probability of SAOZ is 5.5% (elevated). For SAOZ, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €19k and a net result of €22k. Its solvency ranks better than 64% of 17999 sector peers (fiscal year 2023). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability100▲+100
Solvency69▲+69
Growth78
Track record94
Bankruptcy probability, 12 months
5.5%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 2023Solvency, return and age of the figures
Solvency
44.1%
Return on assets
51.7%
Age of the figures
33 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 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 · 2 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline25-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 28-05-2024, 64 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
64 d early
2022
32 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Equity
€19k
2022 · €-3k
2022: €-3k
2023: €19k▲ +678% vs 2022
2022 → 2023
Total assets
€43k▲ 250%
2022 · €12k
2022: €12k
2023: €43k▲ +250% vs 2022
2022 → 2023
Net result
€22k
2022 · €-3k
2022: €-3k
2023: €22k▲ +778% vs 2022
2022 → 2023
Working capital
€11k
2022 · €-15k
2022: €-15k
2023: €11k▲ +170% vs 2022
2022 → 2023
Trend over the years
Multi-year overview
Available amounts per fiscal year
Line20222023Trend
Equity€-3k-€19k
2022: €-3k
2023: €19k▲ +678% vs 2022
Operating result€-3k-€28k
2022: €-3k
2023: €28k▲ +952% vs 2022
Net result€-3k-€22k
2022: €-3k
2023: €22k▲ +778% vs 2022
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2023: €28k after a loss of €3k in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €43k
Fixed assets
€8k ▼ 30.9%
Current assets
€35k ▲ 10,850%
Equity and liabilities €43k
Equity
€19k
Debt
€24k
Debt finances 55.9% of the balance-sheet total.
Key figures and ratios
EBITDA
€32k▲
2022 · €-2k
Cash flow
€27k▲
2022 · €-2k
Current ratio
1.44▲
2022 · 0.02
Debt to equity
1.27▲
2022 · -4.75
ROE
117.3%
ROA
51.7%▲
2022 · -26.7%
Interest coverage
32.65
Debt ≤ 1 year
€24k▲
2022 · €16k
Income taxes
€5k
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 · 2023 against 2022 · 32 lines
Balance sheet
Code20222023
Assets
Total assets20/58€12k€43k▲
Fixed assets21/28€12k€8k▼
Tangible fixed assets22/27€12k€8k▼
Plant, machinery and equipment23€11k€8k▼
Other tangible fixed assets26€509€401▼
Current assets29/58€317€35k▲
Amounts receivable within one year40/41€317€35k▲
Trade receivables40-€35k
Other amounts receivable41€317-
Cash at bank and in hand54/58-€97
Equity and liabilities
Total equity and liabilities10/49€12k€43k▲
Equity10/15€-3k€19k▲
Profit (loss) carried forward14€-3k€19k▲
Amounts payable17/49€16k€24k▲
Amounts payable within one year42/48€16k€24k▲
Trade debts44€14k-
Suppliers440/4€14k-
Taxes, remuneration and social security45-€7k
Taxes450/3-€7k
Other amounts payable47/48€2k€17k▲
Income statement
Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€988€4k▲
Other operating charges640/8-€304
Gross operating margin9900€-2k€32k▲
Operating profit (loss)9901€-3k€28k▲
Financial charges65/66B-€986
Recurring financial charges65-€986
Profit (loss) for the period before taxes9903€-3k€27k▲
Income taxes67/77-€5k
Profit (loss) for the period9904€-3k€22k▲
Profit (loss) for the period to be appropriated9905€-3k€22k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-3k€19k▲
Profit (loss) brought forward from the previous period14P-€-3k
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €988 | €4k | ▲ 334% |
| Other operating charges640/8 | - | €304 | - |
| Gross operating margin9900 | €-2k | €32k | ▲ 1,521% |
| Operating profit (loss)9901 | €-3k | €28k | ▲ 952% |
| Financial charges65/66B | - | €986 | - |
| Recurring financial charges65 | - | €986 | - |
| Profit (loss) for the period before taxes9903 | €-3k | €27k | ▲ 922% |
| Income taxes67/77 | - | €5k | - |
| Profit (loss) for the period9904 | €-3k | €22k | ▲ 778% |
| Profit (loss) for the period to be appropriated9905 | €-3k | €22k | ▲ 778% |
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €12k | €43k | ▲ 250% |
| Fixed assets21/28 | €12k | €8k | ▼ 30.9% |
| Tangible fixed assets22/27 | €12k | €8k | ▼ 30.9% |
| Plant, machinery and equipment23 | €11k | €8k | ▼ 31.3% |
| Other tangible fixed assets26 | €509 | €401 | ▼ 21.1% |
| Current assets29/58 | €317 | €35k | ▲ 10,850% |
| Amounts receivable within one year40/41 | €317 | €35k | ▲ 10,819% |
| Trade receivables40 | - | €35k | - |
| Other amounts receivable41 | €317 | - | - |
| Cash at bank and in hand54/58 | - | €97 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €12k | €43k | ▲ 250% |
| Equity10/15 | €-3k | €19k | ▲ 678% |
| Profit (loss) carried forward14 | €-3k | €19k | ▲ 678% |
| Amounts payable17/49 | €16k | €24k | ▲ 54.6% |
| Amounts payable within one year42/48 | €16k | €24k | ▲ 54.6% |
| Trade debts44 | €14k | - | - |
| Suppliers440/4 | €14k | - | - |
| Taxes, remuneration and social security45 | - | €7k | - |
| Taxes450/3 | - | €7k | - |
| Other amounts payable47/48 | €2k | €17k | ▲ 768% |
| Line | 2022 | 2023 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €-3k | €22k | ▲ 778% |
| + Depreciation and write-downs630 | €988 | €4k | ▲ 334% |
| Operating cash flow (approximation) | €-2k | €27k | ▲ 1,259% |
| Investment in fixed assets (approximation) | - | €-600 | - |
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
28-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
31-12
Financial
Liquidity times 71current ratio 1.44
Current ratio from 0.02 to 1.44.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Zaventem · 1 establishment unit since 2023
Ground area
6,376 m²
Building footprint
523 m²
Volume, LiDAR
5,017 m³
2 parcels, Brussels, Flanders · tallest building 20.9 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Le Rixos
since 20232.343.243.945
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23082A0050/00V000 | Flanders | 6,193 m² | 1 · 355 m² | 11.3 m · 2 fl. |
| 21902A0309/00Z002 | Brussels | 184 m² | 1 · 168 m² | 20.9 m · 6 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSchaarbeek2.343.243.945
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,462. 8,673 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
Founded19-11-2021
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
Scores and ratios are computed by Checked and are not a credit decision.