SAU-SPA
Open bankruptcyA bankruptcy procedure is open for SAU-SPA according to publications in the Belgian State Gazette; curator: PIERRE THIRY.
Summary
The 2020 annual accounts show equity of €32,993 and a net result of -€43,405.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Liège, Liège division
- Declared bankrupt
- 2 April 2021
- Supervising judge
- Charles Nelles
- Official Gazette
- 12-04-2021 (pdf) ↗search the document for 2021/113929
Deadlines
- Appeal or third-party opposition until
- passed on 27 April 2021Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 2 May 2021art. XX.104 and XX.155 CEL
- First verification report
- passed on 20 May 2021Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 2 April 2022Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Pierre ThiryPlace Du Haut-Pre 10, 4000 Liege 1p.thiry@cavenaile-law.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2020 was due by 30-04-2021 and was filed on 25-03-2021, 36 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
36 d early
2018
253 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 109 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Are there other customers at risk in your own list?Process a list How is the Development of residential building projects sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2020, micro schema
Turnover
€7,514▼ 66.8%
2018 · €22,601
EBIT margin
-498.1%▼ 474.4pp
2018 · -23.7%
Net result
-€43,405
2018 · €4,788
Working capital
€54,976▼ 19.8%
2018 · €68,539
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Available amounts per fiscal year
Line20182020
Turnover€22,601-€7,514-
Operating result-€5,364--€37,432-
Net result€4,788--€43,405below the sector's middle half-
EBIT margin-23.7%--498.1%-
Equity€37,961-€32,993within the sector's middle half-
Total assets€88,252-€97,806below the sector's middle half-
Debt€50,291-€64,813-
Working capital€68,539-€54,976within the sector's middle half-
Solvency43.0%-33.7%within the sector's middle half-
Current ratio15.65-2.33within the sector's middle half-
Return on assets (ROA)5.4%--44.4%below the sector's middle half-
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is -€37,432 in 2020, compared with -€5,364 in 2018. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2020 in colour, 2018 as the grey bar beneath
Assets €97,806
Fixed assets
€1,628 ▼ 89.2%
Current assets
€96,178 ▲ 31.4%
Equity and liabilities €97,806
Equity
€32,993 ▼ 13.1%
Debt
€64,813 ▲ 28.9%
Debt's share of the balance-sheet total rises from 57.0% to 66.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€33,639▼
2018 · €89
Cash flow
-€39,612▼
2018 · €10,241
Debt to equity
0.72▼
2018 · 1.20
ROE
-131.6%▼
2018 · 12.6%
Debt ≤ 1 year
€41,202▲
2018 · €4,680
Debt > 1 year
€23,612▼
2018 · €45,612
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2020 | Change |
|---|---|---|---|
| Turnover70 | €22,601 | €7,514 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,453 | €3,792 | - |
| Gross operating margin9900 | €6,755 | -€33,292 | - |
| Operating profit (loss)9901 | -€5,364 | -€37,432 | - |
| Recurring financial charges65 | €1,734 | €6,479 | - |
| Profit (loss) for the period before taxes9903 | €4,788 | -€43,405 | - |
| Profit (loss) for the period9904 | €4,788 | -€43,405 | - |
| Profit (loss) for the period to be appropriated9905 | €4,788 | -€43,405 | - |
| Line | 2018 | 2020 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €88,252 | €97,806 | - |
| Fixed assets21/28 | €15,034 | €1,628 | - |
| Intangible fixed assets21 | €7,000 | €1,000 | - |
| Tangible fixed assets22/27 | €8,034 | €628 | - |
| Current assets29/58 | €73,219 | €96,178 | - |
| Amounts receivable within one year40/41 | €72,027 | €96,015 | - |
| Cash at bank and in hand54/58 | €1,191 | €164 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €88,252 | €97,806 | - |
| Equity10/15 | €37,961 | €32,993 | - |
| Contributions10/11 | €35,000 | €100,000 | - |
| Profit (loss) carried forward14 | €2,961 | -€67,007 | - |
| Amounts payable17/49 | €50,291 | €64,813 | - |
| Amounts payable after more than one year17 | €45,612 | €23,612 | - |
| Amounts payable within one year42/48 | €4,680 | €41,202 | - |
| Trade debts44 | €1,030 | €2,722 | - |
| Line | 2018 | 2020 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €4,788 | -€43,405 | - |
| + Depreciation and write-downs630 | €5,453 | €3,792 | - |
| Operating cash flow (approximation) | €10,241 | -€39,612 | - |
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
2021
12-04
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 02-04-2021
25-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
08-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 253 days late
SignalNBB filing
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Spa
Ground area
926 m²
Building footprint
96 m²
Volume, LiDAR
656 m³
Parcel 63072H0581/00X003, Wallonia · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63072H0581/00X003 | Wallonia | 926 m² | 1 · 96 m² | 7.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | PIERRE THIRY PLACE DU HAUT-PRE 10, 4000 LIEGE 1- |
02-04-2021 → present |
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Of 9,695 companies in sector 68121 we hold annual accounts for 7,392. 4,643 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 (pre-2019)
Founded16-03-2016
Fiscal year end30-09
Activities, NACEBEL 2025
68121Development of residential building projects
55204Guest rooms (bed and breakfast)
68310Real estate agency activities
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.