SAR & AY ENGINEERING
Open bankruptcySummary
A bankruptcy procedure is open for SAR & AY ENGINEERING according to publications in the Belgian State Gazette. The 2024 annual accounts show equity of €344,992 and a net result of €80,863.
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 Antwerp, Hasselt division
- Declared bankrupt
- 2 April 2026
- Supervising judge
- Kristof Emmers
- Official Gazette
- 09-04-2026 (pdf) ↗search the document for 2026/115566
Curators
- Catherine NoelmansMoerenstraat 33, 3700 Tongeren-Borglooncatherine.noelmans@noelmansadv.be
- Cecile NoelmansMoerenstraat 33, 3700 Tongeren-Borg- Looncnoelmans@noelmansadv.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.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
File a claim in RegSol ↗
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General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-09-2025, 49 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
49 d late
2023
288 d late
2022
135 d late
2021
460 d late
2020
402 d late
2019
203 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 256 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
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 Is the registered address a letterbox address or a business centre?Address check Are there other customers at risk in your own list?Debtor check How is the Machining of metals sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€344,992▲ 30.6%
2023 · €264,128
Total assets
€451,993▲ 25.1%
2023 · €361,164
Net result
€80,863▲ 42.6%
2023 · €56,715
Working capital
€333,985▲ 19.8%
2023 · €278,736
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
Line20202021202220232024
Operating result€68,317▲ 3,671%€35,295▼ 48.3%€88,663▲ 151%€78,042▼ 12.0%€118,805▲ 52.2%
Net result€52,323▲ 30,606%€31,768▼ 39.3%€52,936▲ 66.6%€56,715▲ 7.1%€80,863▲ 42.6%
Equity€122,709▲ 74.3%€154,477▲ 25.9%€207,413▲ 34.3%€264,128▲ 27.3%€344,992▲ 30.6%
Total assets€204,043▲ 87.1%€239,898▲ 17.6%€304,900▲ 27.1%€361,164▲ 18.5%€451,993▲ 25.1%
Debt€81,333▲ 110%€85,420▲ 5.0%€97,487▲ 14.1%€97,036▼ 0.5%€107,001▲ 10.3%
Working capital€158,694▲ 96.9%€183,968▲ 15.9%€228,995▲ 24.5%€278,736▲ 21.7%€333,985▲ 19.8%
Staff (FTE)1
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 52% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €451,993
Fixed assets
€11,011 ▲ 3,995%
Current assets
€440,982 ▲ 22.2%
Equity and liabilities €451,993
Equity
€344,992 ▲ 30.6%
Debt
€107,001 ▲ 10.3%
Debt's share of the balance-sheet total falls from 26.9% to 23.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€121,723▲
2023 · €78,482
Cash flow
€83,782▲
2023 · €57,154
Current ratio
4.12▼
2023 · 4.39
Debt to equity
0.31▼
2023 · 0.37
ROE
23.4%▲
2023 · 21.5%
ROA
17.9%▲
2023 · 15.7%
Interest coverage
85.12▲
2023 · 49.81
Debt ≤ 1 year
€106,997▲
2023 · €82,159
Income taxes
€42,432▲
2023 · €20,741
Staff costs
€36,336▲
2023 · €19,794
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €100 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €19,794 | €36,336 | ▲ 83.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,365 | - | €231 | €440 | €2,918 | ▲ 564% |
| Other operating charges640/8 | €735 | €386 | €6,977 | €986 | €3,047 | ▲ 209% |
| Gross operating margin9900 | €76,417 | €35,681 | €95,871 | €99,261 | €161,106 | ▲ 62.3% |
| Operating profit (loss)9901 | €68,317 | €35,295 | €88,663 | €78,042 | €118,805 | ▲ 52.2% |
| Financial income75/76B | €7,118 | €10,325 | €2 | €989 | €5,921 | ▲ 499% |
| Recurring financial income75 | €7,118 | €10,325 | €2 | €989 | €5,921 | ▲ 499% |
| Financial charges65/66B | €2,505 | €2,124 | €6,799 | €1,576 | €1,430 | ▼ 9.2% |
| Recurring financial charges65 | €2,505 | €2,124 | €6,799 | €1,576 | €1,430 | ▼ 9.2% |
| Profit (loss) for the period before taxes9903 | €72,930 | €43,495 | €81,867 | €77,456 | €123,296 | ▲ 59.2% |
| Income taxes67/77 | €20,607 | €11,727 | €28,931 | €20,741 | €42,432 | ▲ 105% |
| Profit (loss) for the period9904 | €52,323 | €31,768 | €52,936 | €56,715 | €80,863 | ▲ 42.6% |
| Profit (loss) for the period to be appropriated9905 | €52,323 | €31,768 | €52,936 | €56,715 | €80,863 | ▲ 42.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €204,043 | €239,898 | €304,900 | €361,164 | €451,993 | ▲ 25.1% |
| Fixed assets21/28 | €600 | - | €708 | €269 | €11,011 | ▲ 3,995% |
| Tangible fixed assets22/27 | - | - | €708 | €269 | €11,011 | ▲ 3,995% |
| Plant, machinery and equipment23 | - | - | €157 | €96 | €36 | ▼ 62.8% |
| Furniture and vehicles24 | - | - | €551 | €172 | €5,107 | ▲ 2,862% |
| Other tangible fixed assets26 | - | - | - | - | €5,868 | - |
| Financial fixed assets28 | €600 | - | - | - | - | - |
| Current assets29/58 | €203,443 | €239,898 | €304,192 | €360,895 | €440,982 | ▲ 22.2% |
| Amounts receivable after more than one year29 | - | - | €274,017 | €274,017 | €274,017 | = |
| Trade receivables290 | - | - | €274,017 | €274,017 | €274,017 | = |
| Amounts receivable within one year40/41 | €203,443 | €239,694 | €29,847 | €79,037 | €147,182 | ▲ 86.2% |
| Trade receivables40 | €54,952 | €50,711 | €27,298 | €18,099 | €11,118 | ▼ 38.6% |
| Other amounts receivable41 | €148,490 | €188,983 | €2,549 | €60,938 | €136,064 | ▲ 123% |
| Cash at bank and in hand54/58 | - | - | - | €7,841 | €13,861 | ▲ 76.8% |
| Deferred charges and accrued income490/1 | - | €204 | €327 | - | €5,921 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €204,043 | €239,898 | €304,900 | €361,164 | €451,993 | ▲ 25.1% |
| Equity10/15 | €122,709 | €154,477 | €207,413 | €264,128 | €344,992 | ▲ 30.6% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €2,935 | €2,935 | €2,935 | €2,935 | €83,798 | ▲ 2,755% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €1,075 | €1,075 | €1,075 | €1,075 | €81,938 | ▲ 7,524% |
| Profit (loss) carried forward14 | €113,575 | €145,343 | €198,279 | €254,993 | €254,993 | = |
| Amounts payable17/49 | €81,333 | €85,420 | €97,487 | €97,036 | €107,001 | ▲ 10.3% |
| Amounts payable after more than one year17 | €36,585 | €29,491 | €22,291 | €14,877 | - | - |
| Financial debts170/4 | €36,585 | €29,491 | €22,291 | €14,877 | - | - |
| Amounts payable within one year42/48 | €44,749 | €55,930 | €75,196 | €82,159 | €106,997 | ▲ 30.2% |
| Current portion of amounts payable after more than one year42 | €6,990 | €7,094 | €7,200 | €7,414 | €14,856 | ▲ 100% |
| Financial debts43 | €4,998 | €4,951 | €4,300 | - | €2,333 | - |
| Credit institutions430/8 | €4,998 | €4,951 | €4,300 | - | €2,333 | - |
| Trade debts44 | €8,943 | €8,340 | €1,979 | €5,698 | €6,027 | ▲ 5.8% |
| Suppliers440/4 | €8,943 | €8,340 | €1,979 | €5,698 | €6,027 | ▲ 5.8% |
| Taxes, remuneration and social security45 | €23,818 | €35,545 | €61,718 | €67,047 | €83,780 | ▲ 25.0% |
| Taxes450/3 | €23,818 | €35,545 | €61,718 | €65,752 | €72,387 | ▲ 10.1% |
| Remuneration and social security454/9 | - | - | - | €1,295 | €11,394 | ▲ 780% |
| Other amounts payable47/48 | - | - | - | €2,000 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €4 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €52,323 | €31,768 | €52,936 | €56,715 | €80,863 | ▲ 42.6% |
| + Depreciation and write-downs630 | €7,365 | - | €231 | €440 | €2,918 | ▲ 564% |
| Operating cash flow (approximation) | €59,687 | €31,768 | €53,167 | €57,154 | €83,782 | ▲ 46.6% |
| Investment in fixed assets (approximation) | - | - | - | €0 | -€13,660 | - |
| Change in cash | - | - | - | - | €6,021 | - |
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
2026
09-04
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 02-04-2026
2025
18-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 49 days late
15-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 288 days late
2024
31-12
Financial
Highest result since 2018net €80,863 ▲42.6%
Operating result €118,805, net result €80,863, both a record.
2023
13-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 135 days late
03-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 460 days late
2022
31-12
Financial
Equity above €200,000Eq €207,413 ▲34.3%
5 profitable years in a row build equity to €207,413.
06-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 402 days late
2021
31-12
Financial
Equity above €150,000Eq €154,477 ▲25.9%
4 profitable years in a row build equity to €154,477.
19-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 203 days late
2020
31-12
Financial
Equity above €100,000Eq €122,709 ▲74.3%
3 profitable years in a row build equity to €122,709.
2019
31-12
Financial
Weakest financial yearnet €170 ▼97.2%
Net result drops to €170, the lowest in the series.
Show earlier events
13-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 44 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 days late
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 60 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, Beringen · 1 establishment unit since 2006
Ground area
280 m²
Building footprint
113 m²
Parcel 71005C0719/00M000, Flanders. Linked by address, not a title deed.
1 establishment unit
SAR & AY ENGINEERING
since 20062.157.389.767
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71005C0719/00M000 | Flanders | 280 m² | 1 · 113 m² | - |
Linked by address, not proof of ownership
Good to know
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
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | CATHERINE NOELMANS MOERENSTRAAT 33,
3700 TONGEREN-BORGLOON |
02-04-2026 → present |
| Curator | CECILE NOELMANS Moerenstraat 33, 3700 TONGEREN-BORG-
LOON |
02-04-2026 → present |
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Of 3,462 companies in sector 25530 we hold annual accounts for 1,655. 1,326 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded10-10-2006
Fiscal year end31-12
Activities, NACEBEL 2025
25530Machining of metals
25110Manufacture of metal structures and parts of structures
E-invoicing
Reachable via Peppol
Peppol ID
0208:0884129264
Registered
09-05-2025
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.