SARACA
ActiveSummary
The computed 12-month bankruptcy probability of SARACA is 6.0% (elevated). The 2024 annual accounts show negative equity (-€33,532) and a net result of -€24,969. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 8% of 1762 sector peers (fiscal year 2024). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-46
Solvency0▼-16
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
6.0%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.41 against 0.91 in 2023; short-term debt: 236.2% and cash: 5.9% of total assets), and equity is negative.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← 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
-136.2%
Return on assets
-101.4%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€33,532
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-07-2025, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
7 d early
2023
29 d early
2022
13 d early
2021
4 d late
2020
25 d early
2019
31 d early
← 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 17 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€24,969
2023 · €2,276
Working capital
-€34,546▼ 280%
2023 · -€9,095
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-€9,324€291-€5,815€3,774-€25,092
Net result-€13,115-€3,727▲ 71.6%-€6,483▼ 73.9%€2,276-€24,969
Equity-€629-€4,356▼ 593%-€10,839▼ 149%-€8,563▲ 21.0%-€33,532▼ 292%
Total assets€45,089▼ 24.5%€60,265▲ 33.7%€15,585▼ 74.1%€99,037▲ 535%€24,627▼ 75.1%
Debt€45,718▼ 3.2%€64,621▲ 41.3%€26,424▼ 59.1%€107,600▲ 307%€58,159▼ 45.9%
Working capital-€799-€4,550▼ 469%-€11,786▼ 159%-€9,095▲ 22.8%-€34,546▼ 280%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €25,092 after €3,774 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €24,627
Fixed assets
€1,014 ▼ 39.2%
Current assets
€23,613 ▼ 75.7%
Key figures and ratios
EBITDA
-€24,438▼
2023 · €4,428
Cash flow
-€24,315▼
2023 · €2,930
Solvency
-136.2%▼
2023 · -8.6%
Current ratio
0.41▼
2023 · 0.91
Quick ratio
0.36▼
2023 · 0.89
Debt to equity
-1.73▲
2023 · -12.57
ROA
-101.4%▼
2023 · 2.3%
Interest coverage
-24.12▼
2023 · 2.96
Debt ≤ 1 year
€58,159▼
2023 · €106,464
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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €90 | €2,030 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,703 | €1,754 | €1,097 | €654 | €654 | = |
| Other operating charges640/8 | - | €1,262 | €1,475 | €1,006 | €1,237 | ▲ 23.0% |
| Gross operating margin9900 | -€3,058 | €3,397 | -€1,213 | €5,434 | -€23,201 | ▼ 527% |
| Operating profit (loss)9901 | -€9,324 | €291 | -€5,815 | €3,774 | -€25,092 | ▼ 765% |
| Financial income75/76B | - | - | - | - | €1,136 | - |
| Recurring financial income75 | - | - | - | - | €1,136 | - |
| Non-recurring financial income76B | - | - | - | - | €1,136 | - |
| Financial charges65/66B | - | €1,577 | €668 | €1,498 | €1,013 | ▼ 32.4% |
| Recurring financial charges65 | €3,830 | €1,577 | €668 | €1,498 | €1,013 | ▼ 32.4% |
| Profit (loss) for the period before taxes9903 | -€13,154 | -€1,286 | -€6,483 | €2,276 | -€24,969 | ▼ 1,197% |
| Income taxes67/77 | -€39 | €2,441 | - | - | - | - |
| Profit (loss) for the period9904 | -€13,115 | -€3,727 | -€6,483 | €2,276 | -€24,969 | ▼ 1,197% |
| Profit (loss) for the period to be appropriated9905 | -€13,115 | -€3,727 | -€6,483 | €2,276 | -€24,969 | ▼ 1,197% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €45,089 | €60,265 | €15,585 | €99,037 | €24,627 | ▼ 75.1% |
| Fixed assets21/28 | €2,359 | €1,512 | €2,322 | €1,668 | €1,014 | ▼ 39.2% |
| Tangible fixed assets22/27 | €2,289 | €1,442 | €2,252 | €1,598 | €944 | ▼ 40.9% |
| Plant, machinery and equipment23 | - | €1,442 | €2,252 | €1,598 | €944 | ▼ 40.9% |
| Financial fixed assets28 | €70 | €70 | €70 | €70 | €70 | = |
| Current assets29/58 | €42,730 | €58,753 | €13,263 | €97,369 | €23,613 | ▼ 75.7% |
| Stocks and contracts in progress3 | €559 | €2,083 | €2,973 | €2,728 | €2,672 | ▼ 2.1% |
| Stocks30/36 | - | €2,083 | €2,973 | €2,728 | €2,672 | ▼ 2.1% |
| Amounts receivable within one year40/41 | €42,171 | €38,817 | €4,624 | €72,640 | €19,489 | ▼ 73.2% |
| Trade receivables40 | - | €37,679 | €4,495 | €20,537 | €19,207 | ▼ 6.5% |
| Other amounts receivable41 | - | €1,138 | €129 | €52,103 | €282 | ▼ 99.5% |
| Cash at bank and in hand54/58 | - | €17,615 | €3,588 | €22,001 | €1,452 | ▼ 93.4% |
| Deferred charges and accrued income490/1 | - | €238 | €2,078 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €45,089 | €60,265 | €15,585 | €99,037 | €24,627 | ▼ 75.1% |
| Equity10/15 | -€629 | -€4,356 | -€10,839 | -€8,563 | -€33,532 | ▼ 292% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Issued capital100 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€21,089 | -€24,816 | -€31,299 | -€29,023 | -€53,992 | ▼ 86.0% |
| Amounts payable17/49 | €45,718 | €64,621 | €26,424 | €107,600 | €58,159 | ▼ 45.9% |
| Amounts payable after more than one year17 | €2,189 | €1,318 | €1,375 | €1,136 | - | - |
| Financial debts170/4 | - | €1,318 | €1,375 | €1,136 | - | - |
| Amounts payable within one year42/48 | €43,529 | €63,303 | €25,049 | €106,464 | €58,159 | ▼ 45.4% |
| Trade debts44 | - | - | €1,970 | - | €704 | - |
| Suppliers440/4 | - | - | €1,970 | - | €704 | - |
| Other amounts payable47/48 | - | €63,303 | €23,079 | €106,464 | €57,455 | ▼ 46.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,115 | -€3,727 | -€6,483 | €2,276 | -€24,969 | ▼ 1,197% |
| + Depreciation and write-downs630 | €2,703 | €1,754 | €1,097 | €654 | €654 | = |
| Operating cash flow (approximation) | -€10,412 | -€1,973 | -€5,386 | €2,930 | -€24,315 | ▼ 930% |
| Investment in fixed assets (approximation) | - | -€907 | -€1,907 | €0 | €0 | - |
| Change in cash | - | - | -€14,027 | €18,413 | -€20,549 | ▼ 212% |
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
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet -€24,969
Net result drops to -€24,969, the lowest in the series.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €2,276
Net result €2,276 after 3 loss-making years.
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 4 days late
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €14,468
Net result €14,468 after one loss-making year.
09-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 40 days late
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Ukkel · 1 establishment unit since 2007
Ground area
808 m²
Building footprint
316 m²
Volume, LiDAR
3,618 m³
2 parcels, Brussels · tallest building 31.4 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
M'EATING PLACE
since 20072.158.821.013
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21616A0025/00G002 | Brussels | 654 m² | 1 · 161 m² | 9.7 m · 2 fl. |
| 21805E0385/00C000 | Brussels | 154 m² | 1 · 154 m² | 31.4 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 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
1 siteBrussel2.158.821.013
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Of 21,861 companies in sector 56112 we hold annual accounts for 9,778. 7,408 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
Founded18-01-2007
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
46190Agents in non-specialised wholesale trade
56210Event catering
82300Organisation of conventions and trade shows
93199Other sports activities
Scores and ratios are computed by Checked and are not a credit decision.