SAR BRASSERIE
InactiveSAR BRASSERIE was declared bankrupt on 23-01-2025 (Ondernemingsrechtbank Leuven); the bankruptcy was closed by liquidation by judgment of 30-10-2025, published in the Belgian State Gazette on 04-11-2025.
Summary
Inactive; last annual accounts for fiscal year 2022.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-06-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 5 filingsPosition against the passed deadline
30-06-2023 close31-01-2024 deadline24-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2022 was due by 31-01-2023 and was filed on 02-01-2023, 29 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
29 d early
2021
3 d early
2020
26 d late
2019
28 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Equity
€34k▲ 1,472%
2021 · €2k
2019: €9k
2020: €6k
2021: €2k
2019 → 2022
Total assets
€60k▼ 31.1%
2021 · €86k
2019: €53k
2020: €43k
2021: €86k
2019 → 2022
Net result
€33k
2021 · €-4k
2019: €-2k
2020: €-4k
2021: €-4k
2019 → 2022
Working capital
€16k▲ 294%
2021 · €4k
2019: €9k
2020: €8k
2021: €4k
2019 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2019202020212022Trend
Equity€9k-€6k▼ 37.5%€2k▼ 63.3%€34k▲ 1,472%
Operating result€-2k-€-3k▼ 97.0%€-3k▲ 1.2%€35k
Net result€-2k-€-4k▼ 72.8%€-4k▼ 5.6%€33k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2022: €35k after a loss of €3k in 2021, the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €60k
Fixed assets
€31k ▼ 31.4%
Current assets
€28k ▼ 30.8%
Equity and liabilities €60k
Equity
€34k ▲ 1,472%
Debt
€26k ▼ 69.6%
Debt's share of the balance-sheet total falls from 97.5% to 43.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€50k▲
2021 · €6k
Cash flow
€48k▲
2021 · €6k
Current ratio
2.33▲
2021 · 1.11
Quick ratio
2.07▲
2021 · 1.03
Debt to equity
0.76▼
2021 · 18.96
ROE
98.4%▲
2021 · -172.7%
ROA
56.0%▲
2021 · -4.3%
Interest coverage
46.07
Debt ≤ 1 year
€12k▼
2021 · €37k
Debt > 1 year
€7k▼
2021 · €41k
Income taxes
€2k▲
2021 · €52
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2022 against 2021 · 45 lines
Balance sheet
Code20212022
Assets
Total assets20/58€86k€60k▼
Fixed assets21/28€45k€31k▼
Tangible fixed assets22/27€45k€31k▼
Furniture and vehicles24-€14k
Other tangible fixed assets26-€16k
Financial fixed assets28€450€450=
Current assets29/58€41k€28k▼
Stocks and contracts in progress3€3k€3k▲
Stocks30/36-€3k
Amounts receivable within one year40/41€27k€18k▼
Trade receivables40-€2k
Other amounts receivable41-€16k
Cash at bank and in hand54/58€11k€5k▼
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€86k€60k▼
Equity10/15€2k€34k▲
Contributions10/11-€19k
Profit (loss) carried forward14€-17k€15k▲
Amounts payable17/49€84k€26k▼
Amounts payable after more than one year17€41k€7k▼
Financial debts170/4-€7k
Amounts payable within one year42/48€37k€12k▼
Current portion of amounts payable after more than one year42-€5k
Trade debts44€32k€2k▼
Suppliers440/4-€2k
Taxes, remuneration and social security45-€4k
Taxes450/3-€4k
Other amounts payable47/48-€1k
Accrued charges and deferred income492/3-€6k
Income statement
Code20212022
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€14k▲
Other operating charges640/8-€793
Gross operating margin9900€11k€50k▲
Operating profit (loss)9901€-3k€35k▲
Financial income75/76B-€557
Recurring financial income75€27€557▲
Financial charges65/66B-€1k
Recurring financial charges65€622€1k▲
Profit (loss) for the period before taxes9903€-4k€35k▲
Income taxes67/77€52€2k▲
Profit (loss) for the period9904€-4k€33k▲
Profit (loss) for the period to be appropriated9905€-4k€33k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€16k
Profit (loss) brought forward from the previous period14P-€-17k
Profit to be distributed694/7-€2k
Return on contributions (dividend)694-€2k
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
04-11
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Leuven · SAR BRASSERIE BV LEUVENSEBAAN(OTT) 286, 3040 HULDENBERG · event 30-10-2025
29-01
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · SAR BRASSERIE BV LEUVENS- EBAAN(OTT) 286, 3040 HULDENBERG · event 23-01-2025
2023
02-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Back to profitnet €33k
Net result €33k after 3 loss-making years.
30-06
Financial
Liquidity doublescurrent ratio 2.33
Current ratio from 1.11 to 2.33; short-term debt falls from €37k to €12k.
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Weakest financial yearnet €-4k
Net result drops to €-4k, the lowest in the series.
26-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
28-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
02-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | MICHIEL VERRAES EDMOND TOLLENAERE-
STRAAT 56-76, 1020 BRUSSEL 2 |
23-01-2025 → 30-10-2025 |
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken