SARAH MANDEB
Open bankruptcyA bankruptcy procedure is open for SARAH MANDEB according to publications in the Belgian State Gazette; curator: Lise HEILPORN.
Summary
The 2024 annual accounts show equity of €18k and a net result of €-1k.
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 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
334 d late
2022
31 d late
2021
1047 d late
2020
61 d late
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€18k▼ 7.1%
2023 · €19k
2018: €16k
2019: €18k▲ +18.0% vs 2018
2020: €-5k▼ -125% vs 2019lowest in 7 years
2021: €4k▲ +187% vs 2020
2022: €8k▲ +96.1% vs 2021
2023: €19k▲ +150% vs 2022highest in 7 years
2024: €18k▼ -7.1% vs 2023
2018 → 2024
Total assets
€64k▲ 3.0%
2023 · €62k
2018: €28klowest in 7 years
2019: €43k▲ +54.8% vs 2018
2020: €55k▲ +25.7% vs 2019
2021: €83k▲ +51.9% vs 2020
2022: €85k▲ +2.0% vs 2021highest in 7 years
2023: €62k▼ -26.6% vs 2022
2024: €64k▲ +3.0% vs 2023
2018 → 2024
Net result
€-1k
2023 · €12k
2018: €4k
2019: €3k▼ -31.3% vs 2018
2020: €-23k▼ -916% vs 2019lowest in 7 years
2021: €9k▲ +137% vs 2020
2022: €4k▼ -55.3% vs 2021
2023: €12k▲ +207% vs 2022highest in 7 years
2024: €-1k▼ -112% vs 2023
2018 → 2024
Working capital
€45k▲ 11.7%
2023 · €40k
2018: €18k
2019: €18k▲ +3.4% vs 2018
2020: €16k▼ -12.6% vs 2019lowest in 7 years
2021: €25k▲ +55.7% vs 2020
2022: €29k▲ +16.5% vs 2021
2023: €40k▲ +38.5% vs 2022
2024: €45k▲ +11.7% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-5k-€4k€8k▲ 96.1%€19k▲ 150%€18k▼ 7.1%
2020: €-5klowest in 5 years
2021: €4k▲ +187% vs 2020
2022: €8k▲ +96.1% vs 2021
2023: €19k▲ +150% vs 2022highest in 5 years
2024: €18k▼ -7.1% vs 2023
Operating result€-21k-€10k€6k▼ 44.6%€15k▲ 169%€1k▼ 92.2%
2020: €-21klowest in 5 years
2021: €10k▲ +149% vs 2020
2022: €6k▼ -44.6% vs 2021
2023: €15k▲ +169% vs 2022highest in 5 years
2024: €1k▼ -92.2% vs 2023
Net result€-23k-€9k€4k▼ 55.3%€12k▲ 207%€-1k
2020: €-23klowest in 5 years
2021: €9k▲ +137% vs 2020
2022: €4k▼ -55.3% vs 2021
2023: €12k▲ +207% vs 2022highest in 5 years
2024: €-1k▼ -112% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 92% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €64k
Fixed assets
€2k ▼ 65.7%
Current assets
€62k ▲ 11.5%
Equity and liabilities €64k
Equity
€18k ▼ 7.1%
Debt
€46k ▲ 7.5%
Debt's share of the balance-sheet total rises from 68.7% to 71.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€6k▼
2023 · €20k
Cash flow
€3k▼
2023 · €16k
Current ratio
3.65▲
2023 · 3.64
Quick ratio
3.62▲
2023 · 3.60
Debt to equity
2.55▲
2023 · 2.20
ROE
-7.6%▼
2023 · 60.0%
ROA
-2.1%▼
2023 · 18.8%
Interest coverage
2.22▼
2023 · 38.52
Debt ≤ 1 year
€17k▲
2023 · €15k
Debt > 1 year
€23k▼
2023 · €28k
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 · 2024 against 2023 · 43 lines
Balance sheet
Code20232024
Assets
Total assets20/58€62k€64k▲
Fixed assets21/28€7k€2k▼
Tangible fixed assets22/27€7k€2k▼
Plant, machinery and equipment23€526€183▼
Other tangible fixed assets26€6k€2k▼
Financial fixed assets28€150€150=
Current assets29/58€55k€62k▲
Stocks and contracts in progress3€586€463▼
Stocks30/36€586€463▼
Amounts receivable within one year40/41€32k€50k▲
Trade receivables40€15k€16k▲
Other amounts receivable41€18k€35k▲
Cash at bank and in hand54/58€22k€10k▼
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€62k€64k▲
Equity10/15€19k€18k▼
Contributions10/11€12k€12k=
Reserves13€573€573=
Non-distributable reserves130/1€573€573=
Reserves not available under the articles1311€573€573=
Profit (loss) carried forward14€6k€5k▼
Amounts payable17/49€43k€46k▲
Amounts payable after more than one year17€28k€23k▼
Financial debts170/4€28k€23k▼
Amounts payable within one year42/48€15k€17k▲
Current portion of amounts payable after more than one year42€3k€4k▲
Trade debts44€8k€11k▲
Suppliers440/4€8k€11k▲
Taxes, remuneration and social security45€4k€2k▼
Taxes450/3€4k€2k▼
Accrued charges and deferred income492/3-€6k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€5k=
Other operating charges640/8€569€243▼
Gross operating margin9900€21k€6k▼
Operating profit (loss)9901€15k€1k▼
Financial charges65/66B€518€3k▲
Recurring financial charges65€518€3k▲
Profit (loss) for the period before taxes9903€15k€-1k▼
Income taxes67/77€3k-
Profit (loss) for the period9904€12k€-1k▼
Profit (loss) for the period to be appropriated9905€12k€-1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€6k€5k▼
Profit (loss) brought forward from the previous period14P€-5k€6k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €954 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €5k | €5k | €5k | €5k | = |
| Other operating charges640/8 | - | €8k | €592 | €569 | €243 | ▼ 57.3% |
| Gross operating margin9900 | €-13k | €24k | €11k | €21k | €6k | ▼ 70.9% |
| Operating profit (loss)9901 | €-21k | €10k | €6k | €15k | €1k | ▼ 92.2% |
| Financial income75/76B | - | €60 | - | - | - | - |
| Recurring financial income75 | €3 | €60 | - | - | - | - |
| Financial charges65/66B | - | €2k | €2k | €518 | €3k | ▲ 398% |
| Recurring financial charges65 | €2k | €2k | €2k | €518 | €3k | ▲ 398% |
| Profit (loss) for the period before taxes9903 | €-23k | €9k | €4k | €15k | €-1k | ▼ 109% |
| Income taxes67/77 | €-99 | €90 | - | €3k | - | - |
| Profit (loss) for the period9904 | €-23k | €9k | €4k | €12k | €-1k | ▼ 112% |
| Profit (loss) for the period to be appropriated9905 | €-23k | €9k | €4k | €12k | €-1k | ▼ 112% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €55k | €83k | €85k | €62k | €64k | ▲ 3.0% |
| Fixed assets21/28 | €20k | €16k | €11k | €7k | €2k | ▼ 65.7% |
| Tangible fixed assets22/27 | €20k | €16k | €11k | €7k | €2k | ▼ 67.2% |
| Plant, machinery and equipment23 | - | €1k | €870 | €526 | €183 | ▼ 65.2% |
| Other tangible fixed assets26 | - | €15k | €10k | €6k | €2k | ▼ 67.4% |
| Financial fixed assets28 | €150 | €150 | €150 | €150 | €150 | = |
| Current assets29/58 | €34k | €67k | €73k | €55k | €62k | ▲ 11.5% |
| Stocks and contracts in progress3 | €3k | €2k | €2k | €586 | €463 | ▼ 20.9% |
| Stocks30/36 | - | €2k | €2k | €586 | €463 | ▼ 20.9% |
| Amounts receivable within one year40/41 | €23k | €53k | €62k | €32k | €50k | ▲ 55.5% |
| Trade receivables40 | - | €39k | €41k | €15k | €16k | ▲ 7.0% |
| Other amounts receivable41 | - | €13k | €22k | €18k | €35k | ▲ 95.0% |
| Cash at bank and in hand54/58 | €8k | €12k | €8k | €22k | €10k | ▼ 56.4% |
| Deferred charges and accrued income490/1 | - | €687 | €740 | - | €1k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €55k | €83k | €85k | €62k | €64k | ▲ 3.0% |
| Equity10/15 | €-5k | €4k | €8k | €19k | €18k | ▼ 7.1% |
| Contributions10/11 | - | €12k | €12k | €12k | €12k | = |
| Reserves13 | €573 | €573 | €573 | €573 | €573 | = |
| Non-distributable reserves130/1 | - | €573 | €573 | €573 | €573 | = |
| Reserves not available under the articles1311 | - | €573 | €573 | €573 | €573 | = |
| Profit (loss) carried forward14 | €-18k | €-9k | €-5k | €6k | €5k | ▼ 21.2% |
| Amounts payable17/49 | €59k | €79k | €77k | €43k | €46k | ▲ 7.5% |
| Amounts payable after more than one year17 | €41k | €37k | €33k | €28k | €23k | ▼ 15.7% |
| Financial debts170/4 | - | €37k | €33k | €28k | €23k | ▼ 15.7% |
| Amounts payable within one year42/48 | €18k | €42k | €44k | €15k | €17k | ▲ 11.1% |
| Current portion of amounts payable after more than one year42 | - | €4k | €4k | €3k | €4k | ▲ 21.0% |
| Trade debts44 | €12k | €37k | €39k | €8k | €11k | ▲ 35.5% |
| Suppliers440/4 | - | €37k | €39k | €8k | €11k | ▲ 35.5% |
| Taxes, remuneration and social security45 | - | €769 | €642 | €4k | €2k | ▼ 44.8% |
| Taxes450/3 | - | €346 | €512 | €4k | €2k | ▼ 44.8% |
| Remuneration and social security454/9 | - | €423 | €129 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €6k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-23k | €9k | €4k | €12k | €-1k | ▼ 112% |
| + Depreciation and write-downs630 | €2k | €5k | €5k | €5k | €5k | = |
| Operating cash flow (approximation) | €-21k | €13k | €8k | €16k | €3k | ▼ 80.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €3k | €-4k | €14k | €-13k | ▼ 188% |
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
2026
23-06
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · event 15-06-2026
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
30-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 334 days late
12-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 1047 days late
2023
31-12
Financial
Highest result since 2018net €12k ▲207%
Operating result €15k, net result €12k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 3.64
Current ratio from 1.65 to 3.64; short-term debt falls from €44k to €15k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €9k
Net result €9k after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
31-12
Financial
Weakest financial yearnet €-23k
Net result drops to €-23k, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
Show earlier events
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 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, Brussel · 1 establishment unit since 2009
Ground area
113 m²
Building footprint
108 m²
Volume, LiDAR
910 m³
Parcel 21812N1064/00C000, Brussels · tallest building 15.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Antwerpselaan 15, 1000 Brussel
since 20092.176.358.910
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21812N1064/00C000 | Brussels | 113 m² | 1 · 108 m² | 15.7 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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 | Lise HEILPORN CHAUSSEE DE LA HULPE 150,
1170 WATERMAEL-BOITSFORT |
15-06-2026 → present |
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrussel2.176.358.910
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Of 21,853 companies in sector 56112 we hold annual accounts for 9,776. 7,962 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
Founded24-12-2008
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
Scores and ratios are computed by Checked and are not a credit decision.