SAPHIR EVENTS
InactiveSAPHIR EVENTS was declared bankrupt on 09-05-2022 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed by liquidation by judgment of 11-04-2023, published in the Belgian State Gazette on 19-04-2023.
No longer registered with the KBO; last annual accounts for fiscal year 2021.
Signals
Four 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 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 · 5 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline21-09-2026 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 21-12-2022, 143 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
143 d late
2020
90 d late
2019
108 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, micro schema
Turnover
€26k▼ 57.9%
2019 · €61k
2018: €65k
2019: €61k
2018 → 2020
EBIT margin
81.8%▲ 130.9pp
2019 · -49.1%
2018: -12.0%
2019: -49.1%
2018 → 2020
Net result
€-3k
2020 · €21k
2018: €-8k
2019: €-30k
2020: €21k
2018 → 2021
Working capital
€-45k
2020 · €2k
2018: €-27k
2019: €-48k
2020: €2k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Turnover€65k-€61k▼ 6.8%€26k▼ 57.9%
Equity€-32k-€-62k▼ 94.6%€-42k▲ 33.1%€-44k▼ 6.6%
Operating result€-8k-€-30k▼ 280%€21k€-6k
Net result€-8k-€-30k▼ 274%€21k€-3k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €6k after €21k in 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €10k
Fixed assets
€376▼ 82.7%
Current assets
€10k▼ 34.1%
Key figures and ratios
EBITDA
€-4k▼
2020 · €22k
Cash flow
€-936▼
2020 · €22k
Solvency
-439.4%▼
2020 · -246.0%
Current ratio
0.18▼
2020 · 1.13
Quick ratio
0.18▼
2020 · 1.13
Debt / equity
-1.23▼
2020 · -1.09
ROA
-27.1%▼
2020 · 121.7%
Interest coverage
-63.01
Debt
€54k▼
2020 · €58k
Debt ≤ 1 year
€54k▲
2020 · €13k
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 · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€17k€10k▼
Fixed assets21/28€2k€376▼
Intangible fixed assets21€260€130▼
Tangible fixed assets22/27€2k€246▼
Plant, machinery and equipment23-€246
Current assets29/58€15k€10k▼
Amounts receivable within one year40/41€15k€8k▼
Trade receivables40-€8k
Cash at bank and in hand54/58€11€2k▲
Equity and liabilities
Total equity and liabilities10/49€17k€10k▼
Equity10/15€-42k€-44k▼
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-60k€-63k▼
Amounts payable17/49€58k€54k▼
Amounts payable after more than one year17€45k-
Amounts payable within one year42/48€13k€54k▲
Trade debts44€7k€7k=
Suppliers440/4-€7k
Taxes, remuneration and social security45-€514
Taxes450/3-€514
Other amounts payable47/48-€47k
Income statement
Code20202021
Turnover70€26k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€2k▲
Other operating charges640/8-€264
Non-recurring operating charges66A-€500
Gross operating margin9900€32k€-4k▼
Operating profit (loss)9901€21k€-6k▼
Financial income75/76B-€4k
Recurring financial income75-€4k
Non-recurring financial income76B-€4k
Financial charges65/66B-€70
Recurring financial charges65€394€70▼
Profit (loss) for the period before taxes9903€21k€-3k▼
Profit (loss) for the period9904€21k€-3k▼
Profit (loss) for the period to be appropriated9905€21k€-3k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-63k
Profit (loss) brought forward from the previous period14P-€-60k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2023
19-04
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise francophone de Bruxelles · SAPHIR EVENTS SRL AVENUE DE LA RENAISSANCE 34/608B, 1000 BRUXELLES. déclarée le 9 mai 2022 · event 11-04-2023
2022
21-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 143 days late
16-05
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · SAPHIR EVENTS SRL AVENUE DE LA RENAISSANCE 34/608B, 1000 BRUXELLES 1 · event 09-05-2022
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
31-12
Financial
Back to profitnet €21k
Net result €21k after 2 loss-making years.
31-12
Financial
Liquidity quadruplescurrent ratio 1.13
Current ratio from 0.28 to 1.13; short-term debt falls from €66k to €13k.
16-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 108 days late
2019
31-12
Financial
Weakest financial yearnet €-30k
Net result drops to €-30k, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
13-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 44 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
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 | ANICET BAUM AVENUE ARMAND HUYSMANS 212,
1050 BRUXELLES 5 |
09-05-2022 → present |