SARINA
Open bankruptcyA bankruptcy procedure is open for SARINA according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €19k and a net result of €4k.
Signals
Four 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 19-08-2024, 19 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
19 d late
2022
85 d late
2021
82 d late
2020
19 d late
2019
21 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Equity
€19k▲ 23.4%
2022 · €16k
2018: €17k
2019: €13k
2020: €20k
2021: €25k
2022: €16k
2018 → 2023
Total assets
€32k▲ 5.2%
2022 · €30k
2018: €24k
2019: €20k
2020: €38k
2021: €65k
2022: €30k
2018 → 2023
Net result
€4k
2022 · €-9k
2018: €9k
2019: €-4k
2020: €7k
2021: €5k
2022: €-9k
2018 → 2023
Working capital
€7k▲ 3,669%
2022 · €189
2018: €17k
2019: €5k
2020: €-7k
2021: €22k
2022: €189
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€13k-€20k▲ 49.0%€25k▲ 23.1%€16k▼ 37.3%€19k▲ 23.4%
Operating result€-2k-€7k€5k▼ 26.7%€-8k€6k
Net result€-4k-€7k€5k▼ 29.7%€-9k€4k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2023: €6k after a loss of €8k in 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €32k
Fixed assets
€15k▼ 2.0%
Current assets
€17k▲ 12.5%
Equity and liabilities €32k
Equity
€19k▲ 23.4%
Debt
€13k▼ 13.6%
The debt ratio falls from 49.1% to 40.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€9k▲
2022 · €-6k
Cash flow
€7k▲
2022 · €-8k
Solvency
59.7%▲
2022 · 50.9%
Current ratio
1.72▲
2022 · 1.01
Quick ratio
1.58▲
2022 · 0.94
Debt / equity
0.68▼
2022 · 0.97
ROE
18.9%▲
2022 · -59.6%
ROA
11.3%▲
2022 · -30.3%
Interest coverage
4.48▲
2022 · -3.74
Debt
€13k▼
2022 · €15k
Debt ≤ 1 year
€10k▼
2022 · €15k
Debt > 1 year
€3k
Staff costs
€11k▲
2022 · €359
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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€30k€32k▲
Fixed assets21/28€15k€15k▼
Tangible fixed assets22/27€12k€15k▲
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€5k€9k▲
Other tangible fixed assets26€5k€4k▼
Financial fixed assets28€3k-
Current assets29/58€15k€17k▲
Stocks and contracts in progress3€1k€1k▲
Stocks30/36€1k€1k▲
Amounts receivable within one year40/41€4k€5k▲
Trade receivables40€963€2k▲
Other amounts receivable41€3k€3k▲
Cash at bank and in hand54/58€10k€10k▼
Deferred charges and accrued income490/1-€579
Equity and liabilities
Total equity and liabilities10/49€30k€32k▲
Equity10/15€16k€19k▲
Contributions10/11€6k€6k=
Reserves13€3k€3k=
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Profit (loss) carried forward14€6k€10k▲
Amounts payable17/49€15k€13k▼
Amounts payable after more than one year17-€3k
Financial debts170/4-€3k
Amounts payable within one year42/48€15k€10k▼
Trade debts44€3k€5k▲
Suppliers440/4€3k€5k▲
Taxes, remuneration and social security45€8k€4k▼
Taxes450/3€8k€2k▼
Remuneration and social security454/9€567€2k▲
Other amounts payable47/48€3k€829▼
Income statement
Code20222023
Remuneration, social security and pensions62€359€11k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€4k▲
Other operating charges640/8€168€5k▲
Gross operating margin9900€-6k€26k▲
Operating profit (loss)9901€-8k€6k▲
Financial income75/76B€27€30▲
Recurring financial income75€27€30▲
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€-9k€4k▲
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€6k€10k▲
Profit (loss) brought forward from the previous period14P€16k€6k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-09
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · SARINA BV MARKT 11, 3680 MAASEIK · event 04-09-2025
2024
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 19 days late
2023
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
24-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 85 days late
2022
31-12
Financial
Weakest financial yearnet €-9k ▼299%
Net result drops to €-9k, the lowest in the series.
21-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 82 days late
2021
31-12
Financial
Liquidity triplescurrent ratio 1.56
Current ratio from 0.61 to 1.56.
19-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 19 days late
2020
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 21 days late
2019
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
2016
16-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 138 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Maaseik · 1 establishment unit since 2014
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.
Markt 113680 MaaseikGround area
163 m²
Building footprint
163 m²
Volume, LiDAR
2,037 m³
Parcel 72021E0557/00E000, Flanders · tallest building 17.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
't District
since 20142.229.410.089
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72021E0557/00E000 ProtectedCultural-historical landscape · Townscape or village viewMarktplein met dubbele rij lindebomenSource ↗ |
Flanders | 162 m² | 1 · 162 m² | 17.4 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | DANIEL LIBENS WILDEBAMP 4/002, 3800 SINT-
TRUIDEN |
04-09-2025 → present |
| Curator | ANDRE BYVOET ST.-TRUIDER-
STEENWEG 547, 3500 HASSELT |
04-09-2025 → present |
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,462. 8,701 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded15-01-2014
Fiscal year end31-12
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
56210Event catering
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.