SARE
ActiveThe computed 12-month bankruptcy probability of SARE is 5.5% (elevated). The annual accounts of SARE for fiscal year 2024 show a net loss of 57% of the equity at the start of that year. The 2024 annual accounts show equity of €4k and a net result of €-4k. Equity is shrinking by ~49.1% per year across the filed fiscal years. Its solvency ranks better than 36% of 18942 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
30
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability2▲+2
Solvency38▼-14
Growth32=
Track record94
Bankruptcy probability, 12 months
5.5%
Elevated
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.96 against 0.94 in 2023; short-term debt: 87.3% and cash: 66.2% of total assets), and 87.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+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
Sector 56
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
12.7%
Return on assets
-13.1%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
21222324
2021 to 2024 · latest year €-4k
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-12-2025, 131 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
131 d late
2023
21 d early
2022
30 d late
2021
7 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€4k▼ 44.0%
2023 · €7k
2021: €31k
2022: €16k
2023: €7k
2021 → 2024
Total assets
€33k▲ 17.8%
2023 · €28k
2021: €49k
2022: €34k
2023: €28k
2021 → 2024
Net result
€-4k▲ 51.5%
2023 · €-9k
2021: €31k
2022: €-15k
2023: €-9k
2021 → 2024
Working capital
€-1k▲ 17.3%
2023 · €-1k
2021: €24k
2022: €4k
2023: €-1k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€31k-€16k▼ 47.6%€7k▼ 54.2%€4k▼ 44.0%
Operating result€41k-€-14k€-9k▲ 39.2%€-4k▲ 54.5%
Net result€31k-€-15k€-9k▲ 40.3%€-4k▲ 51.5%
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 €4k in 2024 against €9k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €33k
Fixed assets
€5k▼ 40.0%
Current assets
€28k▲ 44.3%
Equity and liabilities €33k
Equity
€4k▼ 44.0%
Debt
€29k▲ 40.4%
The debt ratio rises from 73.2% to 87.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-399▲
2023 · €-5k
Cash flow
€-775▲
2023 · €-5k
Solvency
12.7%▼
2023 · 26.8%
Current ratio
0.96▲
2023 · 0.94
Quick ratio
0.90▲
2023 · 0.89
Debt / equity
6.85▲
2023 · 2.73
ROE
-102.5%▲
2023 · -118.5%
ROA
-13.1%▲
2023 · -31.7%
Interest coverage
-1.66▲
2023 · -21.46
Debt
€29k▲
2023 · €20k
Debt ≤ 1 year
€29k▲
2023 · €20k
Income taxes
€136▲
2023 · €131
Staff costs
€3k▼
2023 · €17k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€28k€33k▲
Fixed assets21/28€9k€5k▼
Tangible fixed assets22/27€9k€5k▼
Plant, machinery and equipment23€5k€3k▼
Other tangible fixed assets26€4k€2k▼
Current assets29/58€19k€28k▲
Stocks and contracts in progress3€969€2k▲
Stocks30/36€969€2k▲
Amounts receivable within one year40/41€16€2k▲
Trade receivables40€16€2k▲
Other amounts receivable41-€89
Cash at bank and in hand54/58€16k€22k▲
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€28k€33k▲
Equity10/15€7k€4k▼
Contributions10/11-€1k
Reserves13€25k€25k=
Distributable reserves133€25k€25k=
Profit (loss) carried forward14€-18k€-22k▼
Amounts payable17/49€20k€29k▲
Amounts payable within one year42/48€20k€29k▲
Trade debts44€7k€4k▼
Suppliers440/4€7k€4k▼
Taxes, remuneration and social security45€14k€677▼
Taxes450/3€549€128▼
Remuneration and social security454/9€13k€549▼
Other amounts payable47/48€102€24k▲
Income statement
Code20232024
Remuneration, social security and pensions62€17k€3k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k=
Other operating charges640/8€614€3k▲
Gross operating margin9900€13k€6k▼
Operating profit (loss)9901€-9k€-4k▲
Financial income75/76B€122-
Recurring financial income75€122-
Financial charges65/66B€237€240▲
Recurring financial charges65€237€240▲
Profit (loss) for the period before taxes9903€-9k€-4k▲
Income taxes67/77€131€136▲
Profit (loss) for the period9904€-9k€-4k▲
Profit (loss) for the period to be appropriated9905€-9k€-4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-18k€-22k▼
Profit (loss) brought forward from the previous period14P€-9k€-18k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
09-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 131 days late
2024
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet €-15k ▼148%
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
07-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 7 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Ronse · 1 establishment unit since 2020
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.
Spinstersstraat 629600 RonseGround area
1,678 m²
Building footprint
161 m²
Volume, LiDAR
1,071 m³
2 parcels, Flanders, Wallonia · tallest building 12.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Snack Peruwelz
since 20202.308.979.585
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57064D0449/00W000 | Wallonia | 1,429 m² | 1 · 70 m² | 12.4 m · 4 fl. |
| 45041A0042/00Z000 | Flanders | 248 m² | 1 · 90 m² | 8.7 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 21,904 companies in sector 56112 we hold annual accounts for 9,781. 4,761 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-10-2020
Fiscal year end31-12
Activities, NACEBEL
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.