SAVARKO
Open bankruptcyA bankruptcy procedure is open for SAVARKO according to publications in the Belgian State Gazette; curator: FRANK HEFFINCK.
Summary
The 2022 annual accounts show negative equity (-€120,968) and a net result of -€10,931.
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 Ghent, Kortrijk division
- Declared bankrupt
- 16 January 2024
- Supervising judge
- Frank Vandelanotte
- Official Gazette
- 22-01-2024 (pdf) ↗search the document for 2024/102247
Deadlines
- Provisional date payments stopped
- 16 January 2024A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 6 February 2024Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 15 February 2024art. XX.104 and XX.155 CEL
- First verification report
- passed on 5 March 2024Goods 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 16 January 2025Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Frank HeffinckMeensesteenweg 347, 8501 Bissegemfrank.heffinck@telenet.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 · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 30-08-2023, 30 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
30 d late
2021
2 d late
2020
31 d late
2019
101 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 41 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 52% 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 Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Full-service restaurants sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, micro schema
Equity
-€120,968▼ 9.9%
2021 · -€110,037
Total assets
€376,680▼ 3.9%
2021 · €391,873
Net result
-€10,931▲ 63.6%
2021 · -€30,010
Working capital
-€175,216▼ 14.3%
2021 · -€153,290
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202020212022
Operating result-€11,597--€5,628▲ 51.5%€8,532-€891€20,401
Net result-€27,787--€34,566▼ 24.4%-€21,349below the sector's middle half▲ 38.2%-€30,010below the sector's middle half▼ 40.6%-€10,931below the sector's middle half▲ 63.6%
Equity-€24,112--€58,679▼ 143%-€80,028below the sector's middle half▼ 36.4%-€110,037below the sector's middle half▼ 37.5%-€120,968below the sector's middle half▼ 9.9%
Total assets€373,783-€426,983▲ 14.2%€459,645above the sector's middle half▲ 7.6%€391,873above the sector's middle half▼ 14.7%€376,680above the sector's middle half▼ 3.9%
Debt€397,896-€485,661▲ 22.1%€539,673▲ 11.1%€501,910▼ 7.0%€497,648▼ 0.8%
Working capital-€117,533--€73,887▲ 37.1%-€131,821below the sector's middle half▼ 78.4%-€153,290below the sector's middle half▼ 16.3%-€175,216below the sector's middle half▼ 14.3%
Solvency-6.5%--13.7%▼ 7.3pp-17.4%below the sector's middle half▼ 3.7pp-28.1%below the sector's middle half▼ 10.7pp-32.1%below the sector's middle half▼ 4.0pp
Current ratio0.19-0.46▲ 0.270.28below the sector's middle half▼ 0.180.09below the sector's middle half▼ 0.190.09below the sector's middle half=
Return on assets (ROA)-7.4%--8.1%▼ 0.7pp-4.6%within the sector's middle half▲ 3.5pp-7.7%below the sector's middle half▼ 3.0pp-2.9%within the sector's middle half▲ 4.8pp
Staff (FTE)3.52.9within the sector's middle half▼ 17.1%2.2▼ 24.1%0.3▼ 86.4%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service 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 returns to profit in 2022: €20,401 after a loss of €891 in 2021, the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €376,680
Fixed assets
€359,457 ▼ 4.5%
Current assets
€17,223 ▲ 12.6%
Key figures and ratios
EBITDA
€52,067▲
2021 · €31,347
Cash flow
€20,735▲
2021 · €2,228
Quick ratio
0.03▼
2021 · 0.03
Debt to equity
-4.11▲
2021 · -4.56
Interest coverage
1.61▲
2021 · 1.07
Debt ≤ 1 year
€192,439▲
2021 · €168,581
Debt > 1 year
€305,209▼
2021 · €333,207
Income taxes
€185▼
2021 · €357
Staff costs
€11,522▼
2021 · €13,397
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €13,397 | €11,522 | ▼ 14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,038 | €28,537 | €30,881 | €32,238 | €31,666 | ▼ 1.8% |
| Other operating charges640/8 | - | - | - | €4,230 | €1,550 | ▼ 63.4% |
| Gross operating margin9900 | €14,245 | €41,670 | €57,254 | €48,974 | €65,139 | ▲ 33.0% |
| Operating profit (loss)9901 | -€11,597 | -€5,628 | €8,532 | -€891 | €20,401 | ▲ 2,389% |
| Financial income75/76B | - | - | - | €486 | €1,096 | ▲ 125% |
| Recurring financial income75 | - | - | €6 | €486 | €1,096 | ▲ 125% |
| Financial charges65/66B | - | - | - | €29,248 | €32,243 | ▲ 10.2% |
| Recurring financial charges65 | €16,040 | €28,612 | €29,676 | €29,248 | €32,243 | ▲ 10.2% |
| Profit (loss) for the period before taxes9903 | -€27,637 | -€34,240 | -€21,138 | -€29,653 | -€10,746 | ▲ 63.8% |
| Income taxes67/77 | €150 | €326 | €211 | €357 | €185 | ▼ 48.1% |
| Profit (loss) for the period9904 | -€27,787 | -€34,566 | -€21,349 | -€30,010 | -€10,931 | ▲ 63.6% |
| Profit (loss) for the period to be appropriated9905 | -€27,787 | -€34,566 | -€21,349 | -€30,010 | -€10,931 | ▲ 63.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €373,783 | €426,983 | €459,645 | €391,873 | €376,680 | ▼ 3.9% |
| Fixed assets21/28 | €345,506 | €364,060 | €408,795 | €376,581 | €359,457 | ▼ 4.5% |
| Tangible fixed assets22/27 | €345,506 | €364,060 | €408,795 | €376,581 | €359,457 | ▼ 4.5% |
| Land and buildings22 | - | - | - | €359,586 | €345,802 | ▼ 3.8% |
| Plant, machinery and equipment23 | - | - | - | €15,797 | €11,054 | ▼ 30.0% |
| Furniture and vehicles24 | - | - | - | €1,198 | - | - |
| Leasing and similar rights25 | - | - | - | - | €2,601 | - |
| Current assets29/58 | €28,277 | €62,923 | €50,850 | €15,291 | €17,223 | ▲ 12.6% |
| Stocks and contracts in progress3 | €6,969 | €12,194 | €11,102 | €9,547 | €10,997 | ▲ 15.2% |
| Stocks30/36 | - | - | - | €9,547 | €10,997 | ▲ 15.2% |
| Amounts receivable within one year40/41 | €19,880 | €47,574 | €35,336 | €4,357 | €4,404 | ▲ 1.1% |
| Trade receivables40 | - | - | - | €3,415 | €3,962 | ▲ 16.0% |
| Other amounts receivable41 | - | - | - | €942 | €442 | ▼ 53.1% |
| Cash at bank and in hand54/58 | €600 | €2,272 | €3,417 | €591 | €1,822 | ▲ 208% |
| Deferred charges and accrued income490/1 | - | - | - | €797 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €373,783 | €426,983 | €459,645 | €391,873 | €376,680 | ▼ 3.9% |
| Equity10/15 | -€24,112 | -€58,679 | -€80,028 | -€110,037 | -€120,968 | ▼ 9.9% |
| Contributions10/11 | €6,197 | €6,197 | - | €6,197 | €6,197 | = |
| Outside capital11 | - | - | - | - | €6,197 | - |
| Other1109/19 | - | - | - | - | €6,197 | - |
| Reserves13 | €5,943 | €5,943 | €5,943 | €5,943 | €5,943 | = |
| Non-distributable reserves130/1 | - | - | - | €297 | €297 | ▼ 0.1% |
| Reserves not available under the articles1311 | - | - | - | €297 | €297 | ▼ 0.1% |
| Distributable reserves133 | - | - | - | €5,646 | €5,646 | = |
| Profit (loss) carried forward14 | -€36,253 | -€70,820 | -€92,168 | -€122,178 | -€133,108 | ▼ 8.9% |
| Amounts payable17/49 | €397,896 | €485,661 | €539,673 | €501,910 | €497,648 | ▼ 0.8% |
| Amounts payable after more than one year17 | €252,085 | €348,852 | €356,370 | €333,207 | €305,209 | ▼ 8.4% |
| Financial debts170/4 | - | - | - | €331,607 | €305,209 | ▼ 8.0% |
| Trade debts175 | - | - | - | €1,600 | - | - |
| Amounts payable within one year42/48 | €145,810 | €136,810 | €182,670 | €168,581 | €192,439 | ▲ 14.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €29,514 | €27,997 | ▼ 5.1% |
| Financial debts43 | - | - | - | €21,508 | €26,241 | ▲ 22.0% |
| Credit institutions430/8 | - | - | - | €21,508 | €26,241 | ▲ 22.0% |
| Trade debts44 | €56,781 | €33,817 | €76,457 | €72,768 | €22,889 | ▼ 68.5% |
| Suppliers440/4 | - | - | - | €72,768 | €22,889 | ▼ 68.5% |
| Taxes, remuneration and social security45 | - | - | - | €19,164 | €13,307 | ▼ 30.6% |
| Taxes450/3 | - | - | - | €16,229 | €9,877 | ▼ 39.1% |
| Remuneration and social security454/9 | - | - | - | €2,935 | €3,430 | ▲ 16.9% |
| Other amounts payable47/48 | - | - | - | €25,628 | €102,005 | ▲ 298% |
| Accrued charges and deferred income492/3 | - | - | - | €122 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€27,787 | -€34,566 | -€21,349 | -€30,010 | -€10,931 | ▲ 63.6% |
| + Depreciation and write-downs630 | €24,038 | €28,537 | €30,881 | €32,238 | €31,666 | ▼ 1.8% |
| Operating cash flow (approximation) | -€3,749 | -€6,030 | €9,533 | €2,228 | €20,735 | ▲ 831% |
| Investment in fixed assets (approximation) | - | -€47,090 | -€75,617 | -€23 | -€14,542 | ▼ 61,991% |
| Change in cash | - | €1,671 | €1,145 | -€2,825 | €1,231 | ▲ 144% |
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
2024
22-01
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 16-01-2024
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 101 days late
17-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 414 days late
2019
31-12
Financial
Weakest financial yearnet -€34,566
Net result drops to -€34,566, the lowest in the series.
2018
29-11
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 121 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
2016
23-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 23 days late
2015
27-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 27 days late
2014
31-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Moorslede · 1 establishment unit since 2017
Ground area
5,885 m²
Building footprint
295 m²
Volume, LiDAR
1,902 m³
2 parcels, Flanders · tallest building 12.4 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Café de la poste brasserie
since 20172.265.829.829
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36012D0639/00D000 | Flanders | 5,775 m² | 1 · 205 m² | 9.5 m · 2 fl. |
| 36003A0835/00D000 | Flanders | 110 m² | 1 · 90 m² | 12.4 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 | FRANK HEFFINCK MEENSESTEENWEG 347,
8501 BISSEGEM |
16-01-2024 → present |
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Of 20,505 companies in sector 56111 we hold annual accounts for 11,464. 4,198 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)
Founded29-12-1995
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
49410Freight transport by road
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0456716481
Also
9925:BE0456716481
Registered
27-03-2026
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.