SAR INTERNATIONAL
ActiveThe computed 12-month bankruptcy probability of SAR INTERNATIONAL is 2.8% (moderate). The 2024 annual accounts show equity of €70k and a net result of €12k. Equity is growing by ~25% per year across the filed fiscal years. Its solvency ranks better than 53% of 26043 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
50
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability49▲+6
Solvency61▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days only on tighter terms
Liquidity tight (current ratio 1.44 against 1.34 in 2023; short-term debt: 64.4% and cash: 20.3% of total assets), and 64.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
35.5%
Return on assets
6.1%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-12-2025, 125 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
125 d late
2023
91 d late
2022
92 d late
2021
95 d late
2020
269 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€70k▲ 20.8%
2023 · €58k
2020: €12k
2021: €35k
2022: €53k
2023: €58k
2020 → 2024
Total assets
€196k▼ 1.4%
2023 · €199k
2020: €18k
2021: €127k
2022: €189k
2023: €199k
2020 → 2024
Net result
€12k▲ 140%
2023 · €5k
2020: €-3k
2021: €23k
2022: €18k
2023: €5k
2020 → 2024
Working capital
€56k▲ 16.4%
2023 · €48k
2020: €6k
2021: €27k
2022: €45k
2023: €48k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€12k-€35k▲ 183%€53k▲ 51.6%€58k▲ 9.5%€70k▲ 20.8%
Operating result€-3k-€36k€32k▼ 11.7%€13k▼ 59.4%€28k▲ 113%
Net result€-3k-€23k€18k▼ 20.3%€5k▼ 72.1%€12k▲ 140%
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 113% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €196k
Fixed assets
€14k▲ 43.2%
Current assets
€182k▼ 3.7%
Equity and liabilities €196k
Equity
€70k▲ 20.8%
Debt
€127k▼ 10.4%
The debt ratio falls from 71.0% to 64.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€32k▲
2023 · €16k
Cash flow
€16k▲
2023 · €8k
Solvency
35.5%▲
2023 · 29.0%
Current ratio
1.44▲
2023 · 1.34
Quick ratio
0.70▲
2023 · 0.63
Debt / equity
1.81▼
2023 · 2.45
ROE
17.2%▲
2023 · 8.7%
ROA
6.1%▲
2023 · 2.5%
Interest coverage
2.68▲
2023 · 2.53
Debt
€127k▼
2023 · €141k
Debt ≤ 1 year
€126k▼
2023 · €141k
Income taxes
€4k▲
2023 · €2k
Staff costs
€46k▼
2023 · €56k
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€199k€196k▼
Fixed assets21/28€10k€14k▲
Intangible fixed assets21€1k€948▼
Tangible fixed assets22/27€8k€13k▲
Plant, machinery and equipment23€5€4k▲
Furniture and vehicles24€5k€3k▼
Other tangible fixed assets26€3k€7k▲
Current assets29/58€189k€182k▼
Stocks and contracts in progress3€100k€94k▼
Stocks30/36€100k€94k▼
Amounts receivable within one year40/41€44k€48k▲
Trade receivables40€44k€48k▲
Other amounts receivable41-€1
Cash at bank and in hand54/58€44k€40k▼
Deferred charges and accrued income490/1€1k€502▼
Equity and liabilities
Total equity and liabilities10/49€199k€196k▼
Equity10/15€58k€70k▲
Contributions10/11€15k€15k=
Profit (loss) carried forward14€43k€55k▲
Amounts payable17/49€141k€127k▼
Amounts payable within one year42/48€141k€126k▼
Current portion of amounts payable after more than one year42-€4k
Trade debts44€67k€68k▲
Suppliers440/4€67k€68k▲
Taxes, remuneration and social security45€53k€47k▼
Taxes450/3€34k€21k▼
Remuneration and social security454/9€20k€25k▲
Other amounts payable47/48€21k€8k▼
Accrued charges and deferred income492/3-€93
Income statement
Code20232024
Remuneration, social security and pensions62€56k€46k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€4k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€74k€82k▲
Operating profit (loss)9901€13k€28k▲
Financial income75/76B€10€0▼
Recurring financial income75€10€0▼
Financial charges65/66B€6k€12k▲
Recurring financial charges65€6k€12k▲
Profit (loss) for the period before taxes9903€7k€16k▲
Income taxes67/77€2k€4k▲
Profit (loss) for the period9904€5k€12k▲
Profit (loss) for the period to be appropriated9905€5k€12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€43k€55k▲
Profit (loss) brought forward from the previous period14P€38k€43k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
03-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 125 days late
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 91 days late
2023
31-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 92 days late
2022
03-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 95 days late
26-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 269 days late
2021
31-12
Financial
Back to profitnet €23k
Net result €23k after one loss-making year.
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
01-10-2025
Resigned as Director
Location & real-estate footprint
Registered office, Saint-Nicolas · 2 establishment units since 2020
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.
Rue de Tilleur 44420 Saint-NicolasGround area
697 m²
Building footprint
298 m²
Volume, LiDAR
3,016 m³
3 parcels, Wallonia · tallest building 14.3 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
7 Express
since 20202.306.881.516
7 EXPRESS
since 20212.314.257.474
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62093B0242/00D004 | Wallonia | 362 m² | 1 · 70 m² | 10.0 m · 3 fl. |
| 62803D0129/00K007 | Wallonia | 224 m² | 1 · 167 m² | 10.9 m · 3 fl. |
| 62802D0247/00K000 | Wallonia | 111 m² | 1 · 61 m² | 14.3 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
3 sitesLiège2.306.881.516
Liège2.311.610.661
Liège2.314.257.474
Similar companies · same sector, comparable size
Meher Brothers
BE 0661.773.491
Mechelen · Eq €70k
KOPARAN
BE 0712.982.266
Gent · Eq €70k
SPINGHAR
BE 0866.183.769
Brussel · Eq €70k
GPFC
BE 0545.849.385
Sint-Pieters-Woluwe · Eq €70k
SAINT GEORGE
BE 0783.390.905
Leuven · Eq €70k
Of 10,524 companies in sector 47110 we hold annual accounts for 5,860. 4,670 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-08-2020
Fiscal year end31-12
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47112Retail trade
47620Retail trade
47621Retail sale of newspapers and periodicals
Sources
Crossroads Bank for EnterprisesNational Bank · 5 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.