SARAY
Open bankruptcySummary
A bankruptcy procedure is open for SARAY according to publications in the Belgian State Gazette. The 2024 annual accounts show negative equity (€-17k) and a net result of €-36k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 €-17k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-09-2025, 46 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
46 d late
2023
63 d late
2022
309 d late
2021
61 d late
2020
36 d early
2019
12 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€89k
EBIT margin
-10.3%
Net result
€-36k▼ 250%
2023 · €-10k
2018: €3k
2019: €676▼ -77.5% vs 2018
2020: €18k▲ +2539% vs 2019highest in 7 years
2021: €-7k▼ -137% vs 2020
2022: €8k▲ +216% vs 2021
2023: €-10k▼ -232% vs 2022
2024: €-36k▼ -250% vs 2023lowest in 7 years
2018 → 2024
Working capital
€-105k▼ 83.6%
2023 · €-57k
2018: €-2k
2019: €1k▲ +165% vs 2018
2020: €20k▲ +1256% vs 2019highest in 7 years
2021: €-4k▼ -120% vs 2020
2022: €-40k▼ -901% vs 2021
2023: €-57k▼ -44.2% vs 2022
2024: €-105k▼ -83.6% vs 2023lowest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€89k
Equity€28k-€21k▼ 24.0%€29k▲ 36.8%€19k▼ 35.6%€-17k
2020: €28k
2021: €21k▼ -24.0% vs 2020
2022: €29k▲ +36.8% vs 2021highest in 5 years
2023: €19k▼ -35.6% vs 2022
2024: €-17k▼ -193% vs 2023lowest in 5 years
Operating result€23k-€-6k€8k€-9k€-34k▼ 271%
2020: €23khighest in 5 years
2021: €-6k▼ -126% vs 2020
2022: €8k▲ +230% vs 2021
2023: €-9k▼ -220% vs 2022
2024: €-34k▼ -271% vs 2023lowest in 5 years
Net result€18k-€-7k€8k€-10k€-36k▼ 250%
2020: €18khighest in 5 years
2021: €-7k▼ -137% vs 2020
2022: €8k▲ +216% vs 2021
2023: €-10k▼ -232% vs 2022
2024: €-36k▼ -250% vs 2023lowest in 5 years
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 €34k in 2024 against €9k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €94k
Fixed assets
€87k ▲ 15.6%
Current assets
€7k ▼ 74.9%
Key figures and ratios
EBITDA
€-22k▼
2023 · €792
Cash flow
€-24k▼
2023 · €-279
Solvency
-18.3%▼
2023 · 18.0%
Current ratio
0.06▼
2023 · 0.33
Debt to equity
-6.46▼
2023 · 4.57
ROA
-38.0%▼
2023 · -9.9%
Interest coverage
-12.21▼
2023 · 0.74
Debt
€112k▲
2023 · €85k
Debt ≤ 1 year
€112k▲
2023 · €85k
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 · 39 lines
Balance sheet
Code20232024
Assets
Total assets20/58€103k€94k▼
Fixed assets21/28€76k€87k▲
Tangible fixed assets22/27€75k€87k▲
Land and buildings22€55k€69k▲
Plant, machinery and equipment23€8k€6k▼
Furniture and vehicles24€12k€12k▲
Financial fixed assets28€150€150=
Current assets29/58€28k€7k▼
Amounts receivable within one year40/41€9k€7k▼
Trade receivables40€7k€861▼
Other amounts receivable41€2k€6k▲
Cash at bank and in hand54/58€1k€1▼
Deferred charges and accrued income490/1€18k€94▼
Equity and liabilities
Total equity and liabilities10/49€103k€94k▼
Equity10/15€19k€-17k▼
Contributions10/11€6k€6k=
Reserves13€22k€22k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€20k€20k=
Profit (loss) carried forward14€-9k€-45k▼
Amounts payable17/49€85k€112k▲
Amounts payable within one year42/48€85k€112k▲
Trade debts44-€650
Suppliers440/4-€650
Other amounts payable47/48€85k€111k▲
Income statement
Code20232024
Turnover70€89k-
Goods, raw materials, services and sundry goods60/61€83k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€12k▲
Other operating charges640/8€5k€817▼
Gross operating margin9900€6k€-22k▼
Operating profit (loss)9901€-9k€-34k▼
Financial charges65/66B€1k€2k▲
Recurring financial charges65€1k€2k▲
Profit (loss) for the period before taxes9903€-10k€-36k▼
Profit (loss) for the period9904€-10k€-36k▼
Profit (loss) for the period to be appropriated9905€-10k€-36k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-9k€-45k▼
Profit (loss) brought forward from the previous period14P€1k€-9k▼
The notes to these accounts (6 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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | €89k | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €83k | - | - |
| Remuneration, social security and pensions62 | - | - | €2k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €5k | - | €10k | €12k | ▲ 16.7% |
| Other operating charges640/8 | - | €2k | €2k | €5k | €817 | ▼ 84.6% |
| Gross operating margin9900 | €28k | €1k | €12k | €6k | €-22k | ▼ 454% |
| Operating profit (loss)9901 | €23k | €-6k | €8k | €-9k | €-34k | ▼ 271% |
| Financial income75/76B | - | €2 | - | - | - | - |
| Recurring financial income75 | €3 | €2 | - | - | - | - |
| Financial charges65/66B | - | €789 | €1 | €1k | €2k | ▲ 71.3% |
| Recurring financial charges65 | €1k | €789 | €1 | €1k | €2k | ▲ 71.3% |
| Profit (loss) for the period before taxes9903 | €22k | €-7k | €8k | €-10k | €-36k | ▼ 250% |
| Income taxes67/77 | €4k | - | €-109 | - | - | - |
| Profit (loss) for the period9904 | €18k | €-7k | €8k | €-10k | €-36k | ▼ 250% |
| Profit (loss) for the period to be appropriated9905 | €18k | €-7k | €8k | €-10k | €-36k | ▼ 250% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €47k | €44k | €86k | €103k | €94k | ▼ 8.7% |
| Fixed assets21/28 | €11k | €32k | €76k | €76k | €87k | ▲ 15.6% |
| Tangible fixed assets22/27 | €11k | €32k | €76k | €75k | €87k | ▲ 15.7% |
| Land and buildings22 | - | €25k | €58k | €55k | €69k | ▲ 25.3% |
| Plant, machinery and equipment23 | - | €7k | €11k | €8k | €6k | ▼ 27.0% |
| Furniture and vehicles24 | - | - | €7k | €12k | €12k | ▲ 2.0% |
| Financial fixed assets28 | €150 | €150 | €150 | €150 | €150 | = |
| Current assets29/58 | €36k | €12k | €10k | €28k | €7k | ▼ 74.9% |
| Stocks and contracts in progress3 | €2k | €2k | - | - | - | - |
| Stocks30/36 | - | €2k | - | - | - | - |
| Amounts receivable within one year40/41 | €4k | €26 | €8k | €9k | €7k | ▼ 21.0% |
| Trade receivables40 | - | €26 | €6k | €7k | €861 | ▼ 87.5% |
| Other amounts receivable41 | - | - | €2k | €2k | €6k | ▲ 226% |
| Cash at bank and in hand54/58 | €29k | €10k | €2k | €1k | €1 | ▼ 99.9% |
| Deferred charges and accrued income490/1 | - | - | - | €18k | €94 | ▼ 99.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €47k | €44k | €86k | €103k | €94k | ▼ 8.7% |
| Equity10/15 | €28k | €21k | €29k | €19k | €-17k | ▼ 193% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Outside capital11 | - | €6k | - | - | - | - |
| Other1109/19 | - | €6k | - | - | - | - |
| Reserves13 | €22k | €22k | €22k | €22k | €22k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €20k | €20k | €20k | €20k | = |
| Profit (loss) carried forward14 | - | €-7k | €1k | €-9k | €-45k | ▼ 392% |
| Amounts payable17/49 | €19k | €23k | €57k | €85k | €112k | ▲ 31.7% |
| Amounts payable within one year42/48 | €16k | €16k | €50k | €85k | €112k | ▲ 31.7% |
| Trade debts44 | €7k | €16k | €4k | - | €650 | - |
| Suppliers440/4 | - | €16k | €4k | - | €650 | - |
| Taxes, remuneration and social security45 | - | - | €1k | - | - | - |
| Taxes450/3 | - | - | €1k | - | - | - |
| Other amounts payable47/48 | - | - | €44k | €85k | €111k | ▲ 30.9% |
| Accrued charges and deferred income492/3 | - | €7k | €8k | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18k | €-7k | €8k | €-10k | €-36k | ▼ 250% |
| + Depreciation and write-downs630 | €2k | €5k | - | €10k | €12k | ▲ 16.7% |
| Operating cash flow (approximation) | €20k | €-2k | €8k | €-279 | €-24k | ▼ 8,585% |
| Investment in fixed assets (approximation) | - | €-26k | €-44k | €-9k | €-23k | ▼ 148% |
| Change in cash | - | €-19k | €-8k | €-618 | €-1k | ▼ 71.7% |
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
07-07
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 01-07-2026
2025
15-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 46 days late
2024
31-12
Financial
Weakest financial yearnet €-36k
Net result drops to €-36k, the lowest in the series.
02-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 63 days late
04-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 309 days late
2022
31-12
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €18k ▲2,539%
Operating result €23k, net result €18k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.23
Current ratio from 1.09 to 2.23; short-term debt falls from €17k to €16k.
12-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 12 days late
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Bree · 1 establishment unit since 2017
Ground area
2,984 m²
Building footprint
429 m²
Volume, LiDAR
1,689 m³
2 parcels, Flanders · tallest building 13.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Aksaray
since 20172.270.000.235
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72402A0380/00R002 | Flanders | 2,570 m² | 1 · 301 m² | 13.8 m · 1 fl. |
| 72004B0189/00K004 | Flanders | 414 m² | 1 · 128 m² | 3.8 m · 1 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
3 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | DOMINIC GIELEN VAN DIJCKLAAN 15, 3500 HASSELT- |
01-07-2026 → present |
| Curator | XAVIER GIELEN Van Dijcklaan 15,
3500 HASSELT |
01-07-2026 → present |
| Curator | FREDERIKA VAN SWYGENHOVEN VAN DIJCKLAAN 15, 3500 HASSELT |
01-07-2026 → present |
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,462. 8,625 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
Founded13-11-2017
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
56112Limited-service restaurants, excluding mobile food services
Scores and ratios are computed by Checked and are not a credit decision.