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SAPI

Bankruptcy closed
Private limited companyKBO/BCE: BE 0735.932.169

Inactive since 19-05-2026; last annual accounts for financial year 2020.

Summary

SAPI was declared bankrupt on 03-10-2025 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 12-05-2026, published in the Belgian Official Gazette on 28-05-2026.

SAPIBankruptcy closed

Overview

Activity
Activity not known
Size
€29,334total assets 2020
Equity
€29,311
Profit
€5,311
Turnover not published (micro format)
Financial health
Bankruptcy closed: no score
Structure
1 of 4 deeds read
Signalsraises riskBankruptcy closedneutralFiled after the deadlineShow the evidence

Signals

Two signals.
raises riskneutral
raises risk · Bankruptcy closed
The Belgian Official Gazette published the closure of the bankruptcy. The latest notice is dated 28-05-2026. The registration has since been removed from the register.
Belgian Official Gazette
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 09-08-2021, 9 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filing
Deviation from the deadline
2020
9 days late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its 2020 accounts 9 days after the deadline; the Belgian median for financial year 2020 is 1 day before the deadline, and 46% of all filings were late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Bankruptcy closure (insufficient assets)French-language Enterprise Court of Brussels…
  2. OpeningFrench-language Enterprise Court of Brussels…
  3. Registered officeRegistered-office move

Financials · financial year 2020, micro format

2020 annual accounts filed late (9 days) Filed on 9 August 2021, deadline 31 July 2021 (7 months after the close on 31 December 2020, Companies Code art. 3:10). Source: NBB, 2021-46700396.

Equity
€29,311
Total assets
€29,334
Net result
€5,311
Working capital
€1,170

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €29,312
Fixed assets €28,120
Current assets €1,192
Equity and liabilities €29,334
Equity €29,311
Debt €23
Debt finances 0.1% of the balance-sheet total.
Key figures and ratios
2020 value
EBITDA
€9,411
Cash flow
€9,411
Current ratio
52.45
ROE
18.1%
ROA
18.1%
Debt ≤ 1 year
€23
Annual accounts
Filed annual accounts As filed with the NBB · 2020 · 21 lines
Balance sheet Code2020
Assets
Total assets20/58€29,334
Formation expenses20€22
Fixed assets21/28€28,120
Intangible fixed assets21€6,249
Tangible fixed assets22/27€21,870
Current assets29/58€1,192
Amounts receivable within one year40/41€248
Cash at bank and in hand54/58€944
Equity and liabilities
Total equity and liabilities10/49€29,334
Equity10/15€29,311
Reserves13€5,311
Amounts payable17/49€23
Amounts payable within one year42/48€23
Trade debts44€17
Income statement Code2020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,099
Gross operating margin9900€9,411
Operating profit (loss)9901€5,312
Recurring financial charges65€0
Profit (loss) for the period before taxes9903€5,311
Profit (loss) for the period9904€5,311
Profit (loss) for the period to be appropriated9905€5,311
Line2020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,099
Gross operating margin9900€9,411
Operating profit (loss)9901€5,312
Recurring financial charges65€0
Profit (loss) for the period before taxes9903€5,311
Profit (loss) for the period9904€5,311
Profit (loss) for the period to be appropriated9905€5,311
Line2020
Assets
Total assets20/58€29,334
Formation expenses20€22
Fixed assets21/28€28,120
Intangible fixed assets21€6,249
Tangible fixed assets22/27€21,870
Current assets29/58€1,192
Amounts receivable within one year40/41€248
Cash at bank and in hand54/58€944
Equity and liabilities
Total equity and liabilities10/49€29,334
Equity10/15€29,311
Reserves13€5,311
Amounts payable17/49€23
Amounts payable within one year42/48€23
Trade debts44€17
Line2020
Profit (loss) for the period9904€5,311
+ Depreciation and write-downs630€4,099
Operating cash flow (approximation)€9,411

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

Download as CSV

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
No directors read yet: 1 of 4 Gazette acts processed. See the directors and other office holders in the KBO →

Insolvency mandates

1 mandate
Role Name Tenure
Trustee Charles De la Vallee Poussin
Avenue Louise 349, Bte 17, 1050 Ixelles
03-10-2025 → 12-05-2026

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

The registered office was moved to Bruxelles in 2025.1 SAPI has filed annual accounts once, for financial year 2020.2 On 3 October 2025 the company was declared bankrupt; the bankruptcy was closed on 12 May 2026.34

  1. 1Belgian Official Gazette, 05-08-2025
  2. 2National Bank, annual accounts 2020
  3. 3Belgian Official Gazette, 09-10-2025
  4. 4Belgian Official Gazette, 28-05-2026

Acts, filings and financial milestones

2026
28-05
Bankruptcy Bankruptcy closure (insufficient assets)
French-language Enterprise Court of Brussels · judgment of 12-05-2026
2025
09-10
Bankruptcy Opening
French-language Enterprise Court of Brussels · judgment of 03-10-2025
05-08
Gazette deed Registered office
Registered-office move2 facts ▸
  • General meeting, 30-06-2025
  • Registered-office move, Chaussée d'Alsemberg 842-1180 Bruxelles
2021
09-08
NBB filing Annual accounts filed
financial year 2020 · micro format · 9 days late
SignalGazette deedNBB filing
1 of 4 deeds read
About the unread acts

Of the 4 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 3 have not 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.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Ukkel
exact location from the address register On OpenStreetMap
Ground area
1,616 m²
Building footprint
1,089 m²
Building volume
6,528 m³
Parcel 21614E0126/00A002, Brussels · tallest building 12.7 m. Linked by address, not a title deed.
1 parcel
Brussels 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
21614E0126/00A002 Brussels 1,616 m² 1 · 1,089 m² 12.7 m · 2
How the parcels are linked
Good to know
The parcel matches the address exactly.