SARABELA

Open bankruptcy

KBO/BCE: BE 0505.669.314

A bankruptcy procedure is open for SARABELA according to publications in the Belgian State Gazette; curator: ERIK GREEVE.

No longer registered with the KBO; last annual accounts for fiscal year 2016.

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Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Belgian State Gazette

No filing for years

The last filed financial year closed on 31-12-2016. Since then, 9 financial years are missing. This points to a standstill, not an imminent failure.

NBB · 2 filings

Position against the passed deadline

31-12-2017 close31-07-2018 deadline23-09-2026 today

Filed after the deadline

The financial year that closed on 31-12-2016 was due by 31-07-2017 and was filed on 29-09-2017, 60 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 · 2 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

not filed

2022

not filed

2021

not filed

2020

not filed

2019

not filed

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2016, abbreviated schema

Equity

€-55k▼ 714%

2015 · €-7k

2015: €-7k

2015 → 2016

Total assets

€52k▲ 712%

2015 · €6k

2015: €6k

2015 → 2016

Net result

€-48k▼ 271%

2015 · €-13k

2015: €-13k

2015 → 2016

Working capital

€-57k▼ 563%

2015 · €-9k

2015: €-9k

2015 → 2016

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20152016Trend

Equity€-7k-€-55k▼ 714%

Operating result€-12k-€-45k▼ 266%

Net result€-13k-€-48k▼ 271%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €45k in 2016 against €12k in 2015; the loss grows.

Balance-sheet composition

2016 in colour, 2015 as the grey bar beneath

Assets €52k

41.1%

58.9%

Fixed assets €21k▲ 337%

Current assets €30k▲ 1,920%

Key figures and ratios

2016 value · change against 2015

EBITDA

€-43k▼

2015 · €-12k

Cash flow

€-46k▼

2015 · €-12k

Solvency

-105.4%▼

2015 · -105.1%

Current ratio

0.35▲

2015 · 0.15

Quick ratio

0.35▲

2015 · 0.15

ROA

-92.4%▲

2015 · -202.4%

Debt

€106k▲

2015 · €13k

Debt ≤ 1 year

€87k▲

2015 · €10k

Income taxes

€2k

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 · 2016 against 2015

Balance sheet Code20152016

Assets

Total assets20/58€6k€52k▲

Fixed assets21/28€5k€21k▲

Tangible fixed assets22/27€3k€7k▲

Financial fixed assets28€2k€14k▲

Current assets29/58€2k€30k▲

Amounts receivable within one year40/41€2k€12k▲

Current investments50/53-€665

Equity and liabilities

Total equity and liabilities10/49€6k€52k▲

Equity10/15€-7k€-55k▼

Contributions10/11€6k€6k=

Profit (loss) carried forward14€-13k€-61k▼

Amounts payable17/49€13k€106k▲

Amounts payable within one year42/48€10k€87k▲

Trade debts44€1k-

Income statement Code20152016

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€706€2k▲

Gross operating margin9900€4k€-22k▼

Operating profit (loss)9901€-12k€-45k▼

Recurring financial income75-€0

Recurring financial charges65€477€897▲

Profit (loss) for the period before taxes9903€-13k€-46k▼

Income taxes67/77-€2k

Profit (loss) for the period9904€-13k€-48k▼

Profit (loss) for the period to be appropriated9905€-13k€-48k▼

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Timeline · acts, filings and financial milestones

All 3Signals 1Filings 2

2021

15-12

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · SARABELA BV GEUZEN- STRAAT 8, 2000 ANTWERPEN 1 · event 09-12-2021

2017

29-09

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema · 60 days late

2016

17-10

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 78 days late

SignalNBB filing

Directors · office · real estate

Directors

1 act for this company is 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	ERIK GREEVE KONINKLIJKELAAN 60, 2600 BERCHEM (ANTWERPEN) ↔ Also on 106 other cases	09-12-2021 → present