SAR
Open bankruptcyA bankruptcy procedure is open for SAR according to publications in the Belgian State Gazette; curator: ALAIN HENDERICKX. The file additionally contains 1 administrative flag. The 2024 annual accounts show negative equity (€-5k) and a net result of €-44k.
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
21222324
2021 to 2024 · latest year €-5k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
28 d late
2023
126 d late
2022
226 d late
2021
150 d late
← before the deadline
after the deadline →
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
Financials · fiscal year 2024, micro schema
Equity
€-5k
2023 · €40k
2021: €19k
2022: €34k
2023: €40k
2021 → 2024
Total assets
€31k▼ 58.6%
2023 · €75k
2021: €56k
2022: €64k
2023: €75k
2021 → 2024
Net result
€-44k
2023 · €417
2021: €7k
2022: €15k
2023: €417
2021 → 2024
Working capital
€-7k
2023 · €24k
2021: €17k
2022: €5k
2023: €24k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€19k-€34k▲ 76.7%€40k▲ 15.8%€-5k
Operating result€8k-€17k▲ 127%€3k▼ 82.6%€-36k
Net result€7k-€15k▲ 101%€417▼ 97.2%€-44k
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 2024: a loss of €36k after €3k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €31k
Fixed assets
€2k▼ 86.4%
Current assets
€29k▼ 51.6%
Key figures and ratios
EBITDA
€-21k▼
2023 · €18k
Cash flow
€-29k▼
2023 · €16k
Solvency
-14.7%▼
2023 · 52.6%
Current ratio
0.81▼
2023 · 1.69
Quick ratio
0.62▼
2023 · 1.54
Debt / equity
-7.82▼
2023 · 0.90
ROA
-141.7%▼
2023 · 0.6%
Interest coverage
-24.15▼
2023 · 31.67
Debt
€36k▲
2023 · €36k
Debt ≤ 1 year
€36k▲
2023 · €36k
Income taxes
€8k▲
2023 · €2k
Staff costs
€110k▼
2023 · €131k
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€75k€31k▼
Fixed assets21/28€15k€2k▼
Tangible fixed assets22/27€15k€2k▼
Furniture and vehicles24€14k-
Other tangible fixed assets26€1k€2k▲
Current assets29/58€60k€29k▼
Stocks and contracts in progress3€5k€7k▲
Stocks30/36€5k€7k▲
Amounts receivable within one year40/41€12k€16k▲
Trade receivables40€10k€12k▲
Other amounts receivable41€2k€4k▲
Cash at bank and in hand54/58€42k€6k▼
Deferred charges and accrued income490/1€817-
Equity and liabilities
Total equity and liabilities10/49€75k€31k▼
Equity10/15€40k€-5k▼
Contributions10/11€17k€17k=
Profit (loss) carried forward14€23k€-22k▼
Amounts payable17/49€36k€36k▲
Amounts payable within one year42/48€36k€36k▲
Trade debts44€20k€32k▲
Suppliers440/4€20k€32k▲
Taxes, remuneration and social security45€15k€4k▼
Taxes450/3€6k€2k▼
Remuneration and social security454/9€9k€2k▼
Other amounts payable47/48-€67
Income statement
Code20232024
Remuneration, social security and pensions62€131k€110k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€15k▼
Other operating charges640/8€689€2k▲
Gross operating margin9900€150k€91k▼
Operating profit (loss)9901€3k€-36k▼
Financial charges65/66B€581€857▲
Recurring financial charges65€581€857▲
Profit (loss) for the period before taxes9903€2k€-36k▼
Income taxes67/77€2k€8k▲
Profit (loss) for the period9904€417€-44k▼
Profit (loss) for the period to be appropriated9905€417€-44k▼
Appropriation of the result
Profit (loss) to be appropriated9906€23k€-22k▼
Profit (loss) brought forward from the previous period14P€22k€23k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-12
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · SRL SAR AVENUE DOCTEUR LEMOINE 11/4, 1070 ANDERLECHT · event 01-12-2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
22-08
KBO administration
Address struck
2024
31-12
Financial
Weakest financial yearnet €-44k ▼10725%
Net result drops to €-44k, the lowest in the series.
04-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 126 days late
13-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 226 days late
2022
31-12
Financial
Highest result since 2021net €15k ▲101%
Operating result €17k, net result €15k, both a record.
28-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 150 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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.
Ground area
797 m²
Building footprint
333 m²
Volume, LiDAR
15,939 m³
Parcel 21308H0298/00G000, Brussels · tallest building 52.2 m, ±16 floors. Linked by address, not a title deed.
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21308H0298/00G000 | Brussels | 797 m² | 1 · 333 m² | 52.2 m · 16 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ALAIN HENDERICKX RUE DE STASSART 48 BL C/6,
1050 IXELLES |
01-12-2025 → present |
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Of 2,407 companies in sector 47241 we hold annual accounts for 1,099. 921 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-11-2020
Fiscal year end31-12
Activities, NACEBEL
47241Retail sale of bread and pastry (bakery outlets)
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.