SARJA
InactiveSARJA was declared bankrupt on 13-12-2021 (Tribunal de l’entreprise de Liège, division Liège); the bankruptcy was closed by liquidation by judgment of 07-02-2023, published in the Belgian State Gazette on 13-02-2023.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-03-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-03-2022 close31-10-2022 deadline28-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2021 was due by 31-10-2021 and was filed on 29-07-2021, 94 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
94 d early
2020
141 d early
2019
111 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 115 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2021, micro schema
Equity
€30,813▼ 15.5%
2020 · €36,485
Total assets
€63,866▼ 24.7%
2020 · €84,795
Net result
-€5,671▼ 1,221%
2020 · -€429
Working capital
€43,749▼ 7.3%
2020 · €47,204
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201920202021
Operating result€904-€1,047▲ 15.8%-€5,268
Net result-€1,133--€429▲ 62.1%-€5,671▼ 1,221%
Equity€36,794-€36,485▼ 0.8%€30,813▼ 15.5%
Total assets€60,253-€84,795▲ 40.7%€63,866▼ 24.7%
Debt€23,459-€48,310▲ 106%€33,052▼ 31.6%
Working capital€44,234-€47,204▲ 6.7%€43,749▼ 7.3%
Staff (FTE)1.1-1.1=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €5,268 after €1,047 in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €63,866
Fixed assets
€8,030 ▼ 21.6%
Current assets
€55,836 ▼ 25.1%
Equity and liabilities €63,866
Equity
€30,813 ▼ 15.5%
Debt
€33,052 ▼ 31.6%
Debt's share of the balance-sheet total falls from 57.0% to 51.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€3,052▼
2020 · €1,943
Cash flow
-€3,455▼
2020 · €466
Current ratio
4.62▲
2020 · 2.73
Debt to equity
0.68▲
2020 · 0.57
ROE
-18.4%▼
2020 · -1.2%
ROA
-8.9%▼
2020 · -0.5%
Debt ≤ 1 year
€12,087▼
2020 · €27,345
Debt > 1 year
€20,965=
2020 · €20,965
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €266 | €896 | €2,216 | ▲ 147% |
| Gross operating margin9900 | €26,968 | €38,703 | €7,941 | ▼ 79.5% |
| Operating profit (loss)9901 | €904 | €1,047 | -€5,268 | ▼ 603% |
| Recurring financial income75 | €0 | €190 | €618 | ▲ 225% |
| Recurring financial charges65 | €1,536 | €1,166 | €1,021 | ▼ 12.4% |
| Profit (loss) for the period before taxes9903 | -€633 | €71 | -€5,671 | ▼ 8,080% |
| Income taxes67/77 | €500 | €500 | - | - |
| Profit (loss) for the period9904 | -€1,133 | -€429 | -€5,671 | ▼ 1,221% |
| Profit (loss) for the period to be appropriated9905 | -€1,133 | -€429 | -€5,671 | ▼ 1,221% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €60,253 | €84,795 | €63,866 | ▼ 24.7% |
| Fixed assets21/28 | €60 | €10,246 | €8,030 | ▼ 21.6% |
| Tangible fixed assets22/27 | €60 | €10,246 | €8,030 | ▼ 21.6% |
| Current assets29/58 | €60,193 | €74,549 | €55,836 | ▼ 25.1% |
| Stocks and contracts in progress3 | €1,691 | €2,652 | - | - |
| Amounts receivable within one year40/41 | €35,495 | €57,837 | €53,426 | ▼ 7.6% |
| Cash at bank and in hand54/58 | €17,382 | €14,060 | €2,410 | ▼ 82.9% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €60,253 | €84,795 | €63,866 | ▼ 24.7% |
| Equity10/15 | €36,794 | €36,485 | €30,813 | ▼ 15.5% |
| Contributions10/11 | €6,605 | €6,605 | - | - |
| Reserves13 | €6,299 | €6,299 | €6,299 | = |
| Profit (loss) carried forward14 | €23,890 | €23,580 | €17,909 | ▼ 24.1% |
| Amounts payable17/49 | €23,459 | €48,310 | €33,052 | ▼ 31.6% |
| Amounts payable after more than one year17 | €7,500 | €20,965 | €20,965 | = |
| Amounts payable within one year42/48 | €15,959 | €27,345 | €12,087 | ▼ 55.8% |
| Trade debts44 | €3,586 | €12,000 | €727 | ▼ 93.9% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,133 | -€429 | -€5,671 | ▼ 1,221% |
| + Depreciation and write-downs630 | €266 | €896 | €2,216 | ▲ 147% |
| Operating cash flow (approximation) | -€867 | €466 | -€3,455 | ▼ 841% |
| Investment in fixed assets (approximation) | - | -€11,082 | €0 | ▲ 100% |
| Change in cash | - | -€3,322 | -€11,650 | ▼ 251% |
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
2023
13-02
Bankruptcy
Bankruptcy closure (by liquidation)
Tribunal de l’entreprise de Liège, division Liège · event 07-02-2023
2021
21-12
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 13-12-2021
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-03
Financial
Weakest financial yearnet -€5,671
Net result drops to -€5,671, the lowest in the series.
2020
12-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
01-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
22-10
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2015
12-11
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 12 days late
2014
24-11
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 24 days late
2013
15-11
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 15 days late
2012
21-11
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 21 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | PIERRE LEGRAS RUE DE LA LECHE 36, 4020 LIEGE 2- |
13-12-2021 → 07-02-2023 |