SAPHIS
Open bankruptcyA bankruptcy procedure is open for SAPHIS according to publications in the Belgian State Gazette; curator: CEDRIC DAVREUX.
Summary
The 2015 annual accounts show equity of €94,439 and a net result of €11,948.
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 Liège, Neufchâteau division
- Declared bankrupt
- 24 May 2019
- Supervising judge
- Michel Thilmant
- Official Gazette
- 19-07-2019 (pdf) ↗search the document for 2019/139093
Deadlines
- File the claim in RegSol until
- passed on 23 June 2019art. XX.104 and XX.155 CEL
- First verification report
- passed on 19 July 2019Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Appeal or third-party opposition until
- passed on 3 August 2019Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- Late claim until
- passed on 24 May 2020Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Cedric DavreuxRue De La Station 17, 6920 Wellin- . Co-Curateur : Anne-Marie Claude, Rue De Virton 8, 6740 Etallec.davreux@avocat.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- 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.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- 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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Signals
Two signals.
+raises risk
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Are there other customers at risk in your own list?List enrichment
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2015, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€11,948▲ 2,136%
2014 · €534
Working capital
€103,287▲ 44.0%
2014 · €71,751
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20112012201320142015
Operating result€17,032-€35,084▲ 106%€38,367▲ 9.4%€23,932▼ 37.6%€38,700▲ 61.7%
Net result€7,300-€13,556▲ 85.7%€12,999▼ 4.1%€534▼ 95.9%€11,948▲ 2,136%
Equity€55,402-€68,958▲ 24.5%€81,957▲ 18.9%€82,491▲ 0.7%€94,439▲ 14.5%
Total assets€384,698-€479,754▲ 24.7%€511,769▲ 6.7%€584,978▲ 14.3%€590,003▲ 0.9%
Debt€329,296-€410,796▲ 24.7%€429,813▲ 4.6%€502,487▲ 16.9%€495,564▼ 1.4%
Working capital€39,071-€55,531▲ 42.1%€81,312▲ 46.4%€71,751▼ 11.8%€103,287▲ 44.0%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2015; 2015 is 62% above 2014 and is the highest result in the available series.
Balance-sheet composition
2015 in colour, 2014 as the grey bar beneath
Assets €590,003
Fixed assets
€452,829 ▼ 7.2%
Current assets
€137,174 ▲ 41.6%
Equity and liabilities €590,003
Equity
€94,439 ▲ 14.5%
Debt
€495,564 ▼ 1.4%
Debt's share of the balance-sheet total falls from 85.9% to 84.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€86,189▲
2014 · €73,730
Cash flow
€59,437▲
2014 · €50,333
Current ratio
4.05▲
2014 · 3.86
Debt to equity
4.79▼
2014 · 5.74
ROE
12.7%▲
2014 · 0.6%
ROA
2.0%▲
2014 · 0.1%
Debt ≤ 1 year
€33,888▲
2014 · €25,099
Debt > 1 year
€452,470▼
2014 · €473,756
Income taxes
€5,858▲
2014 · €2,295
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25,770 | €38,389 | €40,259 | €49,798 | €47,489 | ▼ 4.6% |
| Gross operating margin9900 | €43,678 | €75,135 | €80,661 | €75,584 | €87,044 | ▲ 15.2% |
| Operating profit (loss)9901 | €17,032 | €35,084 | €38,367 | €23,932 | €38,700 | ▲ 61.7% |
| Recurring financial income75 | €68 | €184 | €236 | €223 | €85 | ▼ 61.9% |
| Recurring financial charges65 | €4,535 | €15,467 | €20,053 | €21,326 | €20,979 | ▼ 1.6% |
| Profit (loss) for the period before taxes9903 | €12,565 | €19,801 | €18,550 | €2,829 | €17,806 | ▲ 529% |
| Income taxes67/77 | €5,265 | €6,245 | €5,551 | €2,295 | €5,858 | ▲ 155% |
| Profit (loss) for the period9904 | €7,300 | €13,556 | €12,999 | €534 | €11,948 | ▲ 2,136% |
| Profit (loss) for the period to be appropriated9905 | €7,300 | €13,556 | €12,999 | €534 | €11,948 | ▲ 2,136% |
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €384,698 | €479,754 | €511,769 | €584,978 | €590,003 | ▲ 0.9% |
| Fixed assets21/28 | €325,862 | €388,788 | €403,901 | €488,128 | €452,829 | ▼ 7.2% |
| Tangible fixed assets22/27 | €325,069 | €388,745 | €403,858 | €488,085 | €450,086 | ▼ 7.8% |
| Financial fixed assets28 | €793 | €43 | €43 | €43 | €2,743 | ▲ 6,279% |
| Current assets29/58 | €58,835 | €90,966 | €107,869 | €96,850 | €137,174 | ▲ 41.6% |
| Amounts receivable within one year40/41 | €38,730 | €44,362 | €44,748 | €50,078 | €96,960 | ▲ 93.6% |
| Cash at bank and in hand54/58 | €8,015 | €34,722 | €49,107 | €17,874 | €4,226 | ▼ 76.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €384,698 | €479,754 | €511,769 | €584,978 | €590,003 | ▲ 0.9% |
| Equity10/15 | €55,402 | €68,958 | €81,957 | €82,491 | €94,439 | ▲ 14.5% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €36,802 | €50,358 | €63,357 | €63,891 | €75,839 | ▲ 18.7% |
| Amounts payable17/49 | €329,296 | €410,796 | €429,813 | €502,487 | €495,564 | ▼ 1.4% |
| Amounts payable after more than one year17 | €303,422 | €375,361 | €403,067 | €473,756 | €452,470 | ▼ 4.5% |
| Amounts payable within one year42/48 | €19,765 | €35,435 | €26,557 | €25,099 | €33,888 | ▲ 35.0% |
| Trade debts44 | €1,291 | €17,016 | €9,341 | - | - | - |
| Line | 2011 | 2012 | 2013 | 2014 | 2015 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,300 | €13,556 | €12,999 | €534 | €11,948 | ▲ 2,136% |
| + Depreciation and write-downs630 | €25,770 | €38,389 | €40,259 | €49,798 | €47,489 | ▼ 4.6% |
| Operating cash flow (approximation) | €33,070 | €51,945 | €53,258 | €50,333 | €59,437 | ▲ 18.1% |
| Investment in fixed assets (approximation) | - | -€101,315 | -€55,371 | -€134,026 | -€12,190 | ▲ 90.9% |
| Change in cash | - | €26,707 | €14,386 | -€31,233 | -€13,648 | ▲ 56.3% |
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
2019
19-07
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Neufchâteau · event 24-05-2019
2017
02-05
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 275 days late
2015
29-09
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 60 days late
2014
31-12
Financial
Weakest financial yearnet €534 ▼95.9%
Net result drops to €534, the lowest in the series.
11-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 11 days late
2013
21-08
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 21 days late
2012
31-12
Financial
Highest result since 2011net €13,556 ▲85.7%
Net result €13,556, the highest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 28 days late
2011
17-08
NBB filing
Annual accounts filed
fiscal year 2010 · full schema · 17 days late
2010
11-08
NBB filing
Annual accounts filed
fiscal year 2009 · full schema · 11 days late
2009
31-08
NBB filing
Annual accounts filed
fiscal year 2008 · full schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Saint-Hubert · 1 establishment unit since 2008
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.
La-Prunelaie 186870 Saint-Hubert1 establishment unit
La-Prunelaie 18, 6870 Saint-Hubert
since 20082.185.777.709
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | CEDRIC DAVREUX RUE DE LA STATION 17,
6920 WELLIN- .
Co-Curateur : ANNE-MARIE CLAUDE, RUE DE VIRTON 8,
6740 ETALLE |
24-05-2019 → present |
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded01-08-2008
Fiscal year end31-12
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 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.