SAR
BankruptcyThe KBO register records for SAR the legal situation: open bankruptcy (code 050); this is today's state according to the register itself, which carries no start date. The 2024 annual accounts show equity of €92k and a net result of €10k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 7% of 7446 sector peers (2024).
NBB · sector comparisonPosition among 7446 sector peers
Solvency
better than 7%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 confirmed
2024
61 d late
2023
23 d late
2022
61 d late
2021
29 d late
2020
34 d late
2019
130 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€92k▲ 12.4%
2023 · €82k
2018: €9k
2019: €-3k
2020: €-5k
2021: €-5k
2022: €-5k
2023: €82k
2018 → 2024
Total assets
€3.55M▲ 515%
2023 · €578k
2018: €20k
2019: €4k
2020: €5k
2023: €578k
2018 → 2024
Net result
€10k▼ 88.4%
2023 · €87k
2018: €2k
2019: €-12k
2020: €-1k
2021: €-631
2022: €-95
2023: €87k
2018 → 2024
Working capital
€54k▲ 79.7%
2023 · €30k
2018: €-2k
2019: €-3k
2020: €-5k
2023: €30k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-5k-€-5k▼ 13.8%€-5k▼ 1.8%€82k€92k▲ 12.4%
Operating result€-1k-€-631▲ 54.1%€-95▲ 84.9%€123k€14k▼ 88.3%
Net result€-1k-€-631▲ 54.1%€-95▲ 84.9%€87k€10k▼ 88.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 88% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.55M
Fixed assets
€39k▼ 25.9%
Current assets
€3.51M▲ 568%
Equity and liabilities €3.55M
Equity
€92k▲ 12.4%
Debt
€3.46M▲ 598%
The debt ratio rises from 85.8% to 97.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€28k▼
2023 · €133k
Cash flow
€24k▼
2023 · €97k
Solvency
2.6%▼
2023 · 14.2%
Current ratio
1.02▼
2023 · 1.06
Quick ratio
1.02▼
2023 · 1.06
Debt / equity
37.45▲
2023 · 6.03
ROE
11.0%▼
2023 · 106.5%
ROA
0.3%▼
2023 · 15.1%
Interest coverage
50.46▼
2023 · 2212.08
Debt
€3.46M▲
2023 · €496k
Debt ≤ 1 year
€3.46M▲
2023 · €496k
Income taxes
€4k▼
2023 · €36k
Staff costs
€3.42M▲
2023 · €776k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€578k€3.55M▲
Fixed assets21/28€52k€39k▼
Tangible fixed assets22/27€52k€39k▼
Plant, machinery and equipment23€32k€24k▼
Furniture and vehicles24€20k€14k▼
Current assets29/58€525k€3.51M▲
Amounts receivable within one year40/41€519k€3.35M▲
Trade receivables40€481k€3.35M▲
Other amounts receivable41€39k€1k▼
Cash at bank and in hand54/58€6k€159k▲
Equity and liabilities
Total equity and liabilities10/49€578k€3.55M▲
Equity10/15€82k€92k▲
Contributions10/11€8k€8k=
Reserves13€75k€75k=
Non-distributable reserves130/1€79€79=
Reserves not available under the articles1311€79€79=
Distributable reserves133€75k€75k=
Profit (loss) carried forward14-€10k
Amounts payable17/49€496k€3.46M▲
Amounts payable within one year42/48€496k€3.46M▲
Trade debts44€321k€3.15M▲
Suppliers440/4€321k€3.15M▲
Taxes, remuneration and social security45€136k€305k▲
Taxes450/3€36k€92k▲
Remuneration and social security454/9€100k€213k▲
Other amounts payable47/48€39k-
Income statement
Code20232024
Remuneration, social security and pensions62€776k€3.42M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€14k▲
Other operating charges640/8€1k€2k▲
Gross operating margin9900€910k€3.45M▲
Operating profit (loss)9901€123k€14k▼
Financial charges65/66B€60€555▲
Recurring financial charges65€60€555▲
Profit (loss) for the period before taxes9903€123k€14k▼
Income taxes67/77€36k€4k▼
Profit (loss) for the period9904€87k€10k▼
Profit (loss) for the period to be appropriated9905€87k€10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€75k€10k▼
Profit (loss) brought forward from the previous period14P€-13k€0▲
Transfer to equity691/2€75k-
To other reserves6921€75k-
Social balance
Average headcount (FTE)9087-68.7
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
31-12
Financial
Back to profitnet €87k
Net result €87k after 4 loss-making years.
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
03-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 34 days late
2020
08-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 130 days late
2019
31-12
Financial
Weakest financial yearnet €-12k ▼880%
Net result drops to €-12k, the lowest in the series.
05-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 36 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Anderlecht · 1 establishment unit since 2023
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.
Bergense Steenweg 814A1070 AnderlechtGround area
2,640 m²
Building footprint
1,480 m²
Volume, LiDAR
51,831 m³
Parcel 21306C0130/00E000, Brussels · tallest building 47.3 m, ±14 floors. Linked by address, not a title deed.
1 establishment unit
SAR
since 20232.340.638.308
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21306C0130/00E000 | Brussels | 2,640 m² | 1 · 1,480 m² | 47.3 m · 14 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 1,352 EUR awarded · 1,352 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,352 EUR | 1,352 EUR |
Schemes
Individueel Maatwerk
Recognitions · licences · registrations
Recognised contractor
5 categoriesSAR BV#10241
SAR BV#10193
Similar companies · same sector, comparable size
BOMITEC
BE 0719.871.741
Begijnendijk · Eq €92k
Gery Brosens
BE 0644.915.683
Malle · Eq €92k
TOTAL RENO SOLUTIONS
BE 0826.430.397
Temse · Eq €92k
Coeckelbergs Eddy
BE 0439.100.093
Zoersel · Eq €92k
DJOE
BE 0834.936.309
Vorselaar · Eq €92k
Of 22,826 companies in sector 43211 we hold annual accounts for 10,327. 8,824 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-04-2018
Fiscal year end31-12
Activities, NACEBEL
42220Construction of utility projects for electricity and telecommunications
43211General electrical installation work
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.