SARAH
Open bankruptcyA bankruptcy procedure is open for SARAH according to publications in the Belgian State Gazette; curator: MARTINE DECHERF.
Summary
The file additionally contains 2 judicial reorganisation notices. The 2023 annual accounts show negative equity (-€136,636) and a net result of -€68,035.
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 Ghent, Ostend division
- Declared bankrupt
- 28 April 2025
- Supervising judge
- Luc De Vleminck
- Official Gazette
- 02-05-2025 (pdf) ↗search the document for 2025/118740
Deadlines
- Provisional date payments stopped
- 28 April 2025A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 17 May 2025Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 28 May 2025art. XX.104 and XX.155 CEL
- First verification report
- passed on 27 June 2025Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 28 April 2026Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Martine DecherfKloosterstraat 22, 8820 Torhoutinfo@advocaatdecherf.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.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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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 31-12-2023 was due by 31-07-2024 and was filed on 04-10-2024, 65 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
65 d late
2022
3 d early
2021
30 d late
2020
23 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 29 days after 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
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?Addresses Are there other customers at risk in your own list?List enrichment How is the Full-service restaurants sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, micro schema
Turnover
€145,989
EBIT margin
-11.3%
Net result
-€68,035▼ 10.8%
2022 · -€61,389
Working capital
-€174,289▼ 19.5%
2022 · -€145,792
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2020202120222023
Turnover€145,989-
Operating result-€16,531-€1,690-€55,837-€65,765▼ 17.8%
Net result-€17,735below the sector's middle half-€524within the sector's middle half-€61,389below the sector's middle half-€68,035below the sector's middle half▼ 10.8%
EBIT margin-11.3%-
Equity-€7,735below the sector's middle half--€7,211below the sector's middle half▲ 6.8%-€68,600below the sector's middle half▼ 851%-€136,636below the sector's middle half▼ 99.2%
Total assets€42,578within the sector's middle half-€85,051within the sector's middle half▲ 99.8%€151,681within the sector's middle half▲ 78.3%€114,071within the sector's middle half▼ 24.8%
Debt€50,312-€92,262▲ 83.4%€220,281▲ 139%€250,707▲ 13.8%
Working capital-€28,789--€68,919▼ 139%-€145,792▼ 112%-€174,289▼ 19.5%
Solvency-18.2%below the sector's middle half--8.5%below the sector's middle half▲ 9.7pp-45.2%below the sector's middle half▼ 36.7pp-119.8%below the sector's middle half▼ 74.6pp
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €65,765 in 2023 against €55,837 in 2022; the loss grows and 2023 has the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €114,071
Fixed assets
€51,105 ▼ 61.1%
Current assets
€62,967 ▲ 210%
Key figures and ratios
EBITDA
-€45,456▼
2022 · -€31,267
Cash flow
-€47,726▼
2022 · -€36,820
Current ratio
0.27▲
2022 · 0.12
Debt to equity
-1.83▲
2022 · -3.21
ROA
-59.6%▼
2022 · -40.5%
Interest coverage
-21.35▼
2022 · -6.19
Debt ≤ 1 year
€237,256▲
2022 · €166,111
Debt > 1 year
€13,451▼
2022 · €54,169
Income taxes
€150▼
2022 · €500
Staff costs
€251,689▲
2022 · €173,003
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 | Change |
|---|---|---|---|---|---|
| Turnover70 | €145,989 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €142,261 | €173,003 | €251,689 | ▲ 45.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,078 | €11,559 | €24,570 | €20,309 | ▼ 17.3% |
| Other operating charges640/8 | - | €513 | €1,866 | €3,462 | ▲ 85.6% |
| Non-recurring operating charges66A | - | - | - | €6,123 | - |
| Gross operating margin9900 | €31,855 | €156,022 | €143,601 | €215,818 | ▲ 50.3% |
| Operating profit (loss)9901 | -€16,531 | €1,690 | -€55,837 | -€65,765 | ▼ 17.8% |
| Financial income75/76B | - | €1 | - | €9 | - |
| Recurring financial income75 | - | €1 | - | €9 | - |
| Financial charges65/66B | - | €1,166 | €5,052 | €2,129 | ▼ 57.9% |
| Recurring financial charges65 | €1,204 | €1,166 | €5,052 | €2,129 | ▼ 57.9% |
| Profit (loss) for the period before taxes9903 | -€17,735 | €524 | -€60,889 | -€67,885 | ▼ 11.5% |
| Income taxes67/77 | - | - | €500 | €150 | ▼ 70.0% |
| Profit (loss) for the period9904 | -€17,735 | €524 | -€61,389 | -€68,035 | ▼ 10.8% |
| Profit (loss) for the period to be appropriated9905 | -€17,735 | €524 | -€61,389 | -€68,035 | ▼ 10.8% |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €42,578 | €85,051 | €151,681 | €114,071 | ▼ 24.8% |
| Formation expenses20 | €566 | €235 | - | - | - |
| Fixed assets21/28 | €30,999 | €69,027 | €131,362 | €51,105 | ▼ 61.1% |
| Tangible fixed assets22/27 | €28,104 | €63,102 | €125,437 | €45,660 | ▼ 63.6% |
| Land and buildings22 | - | €24,536 | €34,788 | €26,239 | ▼ 24.6% |
| Plant, machinery and equipment23 | - | €23,100 | €18,724 | €15,367 | ▼ 17.9% |
| Furniture and vehicles24 | - | €15,466 | €71,925 | €4,053 | ▼ 94.4% |
| Financial fixed assets28 | €2,895 | €5,925 | €5,925 | €5,445 | ▼ 8.1% |
| Current assets29/58 | €11,013 | €15,790 | €20,319 | €62,967 | ▲ 210% |
| Amounts receivable within one year40/41 | €3,863 | €6,341 | €9,372 | €19,599 | ▲ 109% |
| Trade receivables40 | - | €1,296 | - | €5,000 | - |
| Other amounts receivable41 | - | €5,045 | €9,372 | €14,599 | ▲ 55.8% |
| Cash at bank and in hand54/58 | €7,150 | €9,449 | €10,843 | €42,116 | ▲ 288% |
| Deferred charges and accrued income490/1 | - | - | €105 | €1,252 | ▲ 1,098% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €42,578 | €85,051 | €151,681 | €114,071 | ▼ 24.8% |
| Equity10/15 | -€7,735 | -€7,211 | -€68,600 | -€136,636 | ▼ 99.2% |
| Contributions10/11 | - | €10,000 | €10,000 | €10,000 | = |
| Outside capital11 | - | €10,000 | €10,000 | €10,000 | = |
| Share premium1100/10 | - | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | -€17,735 | -€17,211 | -€78,600 | -€146,636 | ▼ 86.6% |
| Amounts payable17/49 | €50,312 | €92,262 | €220,281 | €250,707 | ▲ 13.8% |
| Amounts payable after more than one year17 | €10,511 | €7,554 | €54,169 | €13,451 | ▼ 75.2% |
| Financial debts170/4 | - | €7,554 | €54,169 | €13,451 | ▼ 75.2% |
| Amounts payable within one year42/48 | €39,802 | €84,708 | €166,111 | €237,256 | ▲ 42.8% |
| Current portion of amounts payable after more than one year42 | - | €2,957 | €9,592 | €3,155 | ▼ 67.1% |
| Trade debts44 | €13,367 | €65,183 | €119,845 | €196,368 | ▲ 63.9% |
| Suppliers440/4 | - | €65,183 | €119,845 | €196,368 | ▲ 63.9% |
| Taxes, remuneration and social security45 | - | €11,035 | €29,909 | €37,732 | ▲ 26.2% |
| Taxes450/3 | - | €680 | €15,693 | €31,193 | ▲ 98.8% |
| Remuneration and social security454/9 | - | €10,355 | €14,216 | €6,539 | ▼ 54.0% |
| Other amounts payable47/48 | - | €5,534 | €6,765 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€17,735 | €524 | -€61,389 | -€68,035 | ▼ 10.8% |
| + Depreciation and write-downs630 | €7,078 | €11,559 | €24,570 | €20,309 | ▼ 17.3% |
| Operating cash flow (approximation) | -€10,657 | €12,082 | -€36,820 | -€47,726 | ▼ 29.6% |
| Investment in fixed assets (approximation) | - | -€49,587 | -€86,904 | €59,948 | ▲ 169% |
| Change in cash | - | €2,299 | €1,394 | €31,273 | ▲ 2,144% |
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
02-05
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Oostende · event 28-04-2025
2024
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 65 days late
2023
31-12
Financial
Weakest financial yearnet -€68,035
Net result drops to -€68,035, the lowest in the series.
07-09
Judicial reorganisation
Plan homologation
Ondernemingsrechtbank Gent · event 04-09-2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
21-06
Judicial reorganisation
Opening
Ondernemingsrechtbank Gent · collective agreement · event 15-06-2023
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Back to profitnet €524
Net result €524 after one loss-making year.
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Bredene · 1 establishment unit since 2019
Ground area
584 m²
Building footprint
452 m²
Volume, LiDAR
8,979 m³
2 parcels, Flanders · tallest building 34.8 m, ±11 floors. Linked by address, not a title deed.
1 establishment unit
Taste of India
since 20192.293.446.026
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35013A0566/00R006 | Flanders | 413 m² | 1 · 321 m² | 34.8 m · 11 fl. |
| 35302D0052/00Y003 | Flanders | 171 m² | 1 · 130 m² | 10.2 m · 2 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | MARTINE DECHERF KLOOSTERSTRAAT 22,
8820 TORHOUT |
28-04-2025 → present |
Recognitions · licences · registrations
Food safety, FASFC
1 siteOostende2.293.446.026
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 20,505 companies in sector 56111 we hold annual accounts for 11,454. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-09-2019
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.