Turnover
€921,152 ▲ 72.3%
Turnover rose in 2021 from €534,656 to €921,152.
SARTEC CONSTRUCT
Overview
Lifetime
2 annual accounts with figures on one time axispeak €921,152 (2021)
€921,152▲ 72.3%
peak €10,833 (2020)
€5,796▼ 46.5%
peak €20,829 (2021)
€20,829▲ 38.6%
€176,476▲ 109%
peak 3.6 FTE (2020)
-not published
Board1 name since 2021
1 directorSarioglu Resit
Documentsfilings and deeds
08-07-202223 days before the deadline
2021micro format
Turnover from €534,656 to €921,152Gross margin from €199,151 to €330,540Result from €10,833 to €5,796Equity from €15,033 to €20,829Debts from €84,431 to €176,476Investments €26,210
Key points
from the 2021 annual accounts, the last ones filedDebts
€176,476 89% of the balance sheet
Financial debts 9%Suppliers 49%Taxes and wages 19%Other 23%
Of this, €171,210 falls due within a year.
Payment terms
13 days from customers
Customers pay 15 days earlier.
No score
Recent changes
Bankruptcy closure (by liquidation)
Enterprise Court of Ghent, Dendermonde division · judgment of 29-01-2024 · Bankruptcy
Bankruptcy published
Enterprise Court of Ghent, Dendermonde division · judgment of 06-10-2022 · Bankruptcy
Incorporation
Gazette deed
Official details
Source: KBO- Status
- Inactivedeed of incorporation of 06-12-2019 · bankruptcy closed on 29-01-2024
- Activity
- No activity registered in the KBO
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Annual accounts 2021
- €921,152▲ 72.3%
- €5,796▼ 46.5%
- €20,829▲ 38.6%
- €197,305▲ 98.4%
- Employeeson 31-12-2021
- 7
- Filing
- Filed on 08-07-2022
Insights on SARTEC CONSTRUCT
On 6 October 2022 the court declared SARTEC CONSTRUCT bankrupt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2021
micro format, filed on 08-07-2022, 23 days before the deadline€921,152
▲ 72.3%
€11,219
▼ 27.7%
€19,818
▲ 16.2%
€14,395
▲ 16.4%
10.6%
▼ 4.6 percentage points
0.90
▲ 0.02
Money flows
of every €100 of turnover, €0.63 remains as profit in 2021Balance sheet
balance sheet total €197,305 on 31-12-2021What the company ownsHow it is paid for
in euro
Staff
€46,485
Staff costs divided by the average number of full-time equivalents.
+2 people
people who joined
people who left
In 2021, 7 people joined and 5 left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2021 | 2020 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
197,305 | 99,464 | |
21/28 |
42,809 | 25,198 | |
22/27 |
42,809 | 25,198 | |
23 |
13,529 | 5,297 | |
24 |
29,280 | 19,901 | |
29/58 |
154,496 | 74,266 | |
3 |
101,473 | 14,563 | |
30/36 |
35,315 | 9,862 | |
37 |
66,158 | 4,701 | |
40/41 |
50,588 | 40,968 | |
40 |
32,052 | 26,475 | |
41 |
18,536 | 14,493 | |
54/58 |
- | 17,060 | |
490/1 |
2,435 | 1,675 | |
| Balance sheet: equity and liabilities | |||
10/49 |
197,305 | 99,464 | |
10/15 |
20,829 | 15,033 | |
10/11 |
5,000 | 5,000 | |
13 |
15,829 | 10,033 | |
130/1 |
500 | 500 | |
1311 |
500 | 500 | |
133 |
15,329 | 9,533 | |
17/49 |
176,476 | 84,431 | |
17 |
5,266 | - | |
170/4 |
5,266 | - | |
42/48 |
171,210 | 84,431 | |
42 |
36,210 | - | |
43 |
10,413 | - | |
430/8 |
10,413 | - | |
44 |
86,951 | 53,443 | |
440/4 |
86,951 | 53,443 | |
45 |
32,852 | 15,598 | |
450/3 |
8,872 | 4,823 | |
454/9 |
23,980 | 10,775 | |
47/48 |
4,784 | 15,390 | |
| Income statement | |||
70 |
921,152 | 534,656 | |
9900 |
330,540 | 199,151 | |
60/61 |
590,612 | 335,505 | |
62 |
306,802 | 180,061 | |
630 |
8,599 | 1,530 | |
640/8 |
3,920 | 2,042 | |
9901 |
11,219 | 15,518 | |
75/76B |
84 | 11 | |
75 |
84 | 11 | |
65/66B |
4,439 | 2,521 | |
65 |
4,439 | 2,521 | |
9903 |
6,864 | 13,008 | |
67/77 |
1,068 | 2,175 | |
9904 |
5,796 | 10,833 | |
9905 |
5,796 | 10,833 | |
| Appropriation of the result | |||
9906 |
5,796 | 10,833 | |
691/2 |
5,796 | 10,033 | |
6920 |
- | 500 | |
6921 |
5,796 | 9,533 | |
694/7 |
- | 800 | |
695 |
- | 800 | |
| Social balance sheet | |||
9087 |
6.6 | 3.6 | |
Hours worked1013 |
8,663 | 5,298 | |
| Document | |||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2021 (PDF), filed on 08-07-2022.
Filings
each dot is a set of accounts, on the day it reached the National BankSubsidies and aid
Flemish government 2022, 1 entry, €585 awarded, €585 paid
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2021 | 2020 |
|---|---|---|---|
| 19,818 | 17,048 | ||
| 14,395 | 12,363 | ||
| 26,210 | 26,728 | ||
| -16,714 | -10,165 | ||
| 1.2% | 2.9% | ||
| 10.6% | 15.1% | ||
| 0.90 | 0.88 | ||
| 0.31 | 0.71 | ||
| 8.47 | 5.62 | ||
| 27.8% | 72.1% | ||
| 2.9% | 10.9% | ||
| 4.46 | - | ||
| 13 days | 18 days | ||
| 54 days | 58 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2021 |
|---|---|
| Employees at the balance-sheet date | 7 |
| full-time | 6 |
| part-time | 1 |
| in full-time equivalents | 6.8 |
| 6.6 | |
| On a permanent contract | 7 |
| Joined | 7 |
| Left | 5 |
Source: social balance sheet in the 2021 annual accounts
Investments
fixed assets acquired| Item | 2021 |
|---|---|
| Tangible fixed assets | €26,210 |
| €8,599 |
Source: notes to the 2021 annual accounts (statement of fixed assets)
Insights on SARTEC CONSTRUCT
The operating result for 2021 is 28% lower than in 2020.
Debt's share of the balance-sheet total rises from 84.9% to 89.4%. Equity and debt are higher.
Board & ownership
Curator
1 mandateCurator, Affligemdreef 144, 9300 Aalst
from 06-10-2022 to 29-01-2024
Also on 214 other cases
Last board
1 directorMandates through the years
1 name, the dashed line is todaySarioglu Resit
Director
Director
Boardmandate already running before its first mentionBankruptcy 06-10-2022
Mandates as a list
- Sarioglu Resit
- Director, from before 31-12-2021, until the bankruptcy of 06-10-2022
Control
Capital
- Contribution
- €5,000
- Source
- 2021 annual accounts
Network & group
No group
SARTEC CONSTRUCT has no parent and no holdings in its annual accounts. Sarioglu Resit is the only director. SARTEC CONSTRUCT shares no director with another company.
Timeline
Timeline
5 events since 2019Filings
Insolvency
2020202220242026
2024
Bankruptcy closure (by liquidation) Enterprise Court of Ghent, Dendermonde division · judgment of 29-01-2024
2022
Bankruptcy published Enterprise Court of Ghent, Dendermonde division · judgment of 06-10-2022
Annual accounts 2021 filed PDFmicro format · 23 days before the deadline
2021
Annual accounts 2020 filed PDFmicro format · 7 days before the deadline
2019
Incorporation PDF
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Inactive
SARTEC CONSTRUCT is no longer in the KBO register.
- Last annual accounts
- financial year to 31 December 2021
- Last registered office
- Damstraat 21, Bus D, 9230 Wetterenas published on 6 December 2019
- Legal form
- Private limited company
- First annual accounts
- financial year 2020