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SICARM

Open bankruptcy
Private limited companyfounded 1989Alfred Verweeplein 20, 8300 Knokke-Heist, BelgiumKBO/BCE: BE 0437.948.367

A bankruptcy procedure is open for SICARM according to publications in the Belgian State Gazette; curator: BERT BERT.

Summary

The 2020 annual accounts show negative equity (-€10,752) and a net result of €25,519.

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, Bruges division
Declared bankrupt
19 May 2023
Supervising judge
Elisabeth Bogaert
Official Gazette
25-05-2023 (pdf) ↗search the document for 2023/120536

Curator

  • Bert BertKomvest 29, 8000 Bruggebert.bert@advokomvest.be

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. 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.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.

Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.

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. Full guide for creditors

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Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 20-07-2021, 11 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
11 d early
2019
41 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 15 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)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

SICARM was incorporated on 4 July 1989.1 Total assets went from EUR 27,224 in 2018 to EUR 28,474 in 2020.2 On 19 May 2023 the company was declared bankrupt.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2020
  3. 3Belgian State Gazette, 25-05-2023

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2020, micro schema

Source amounts without an identifiable currency are assumed to be EUR.

Equity
-€10,752▼ 760%
2019 · -€1,250
Total assets
€28,474▲ 5.5%
2019 · €26,996
Net result
€25,519=
2019 · €25,519
Working capital
-€18,943▼ 50.8%
2019 · -€12,562
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
Line201820192020
Operating result-€22,624-€28,404€28,404=
Net result-€22,724-€25,519€25,519=
Equity-€26,769--€1,250▲ 95.3%-€10,752▼ 760%
Total assets€27,224-€26,996▼ 0.8%€28,474▲ 5.5%
Debt€53,993-€28,246▼ 47.7%€39,226▲ 38.9%
Working capital-€43,068--€12,562▲ 70.8%-€18,943▼ 50.8%
Staff (FTE)2.1-2.1=
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€40,000-€20,000€0€20,000Operating result 2018: -€22,624-€22,624Net result 2018: -€22,724-€22,724Operating result 2019: €28,404€28,404Net result 2019: €25,519€25,519Operating result 2020: €28,404€28,404Net result 2020: €25,519€25,519201820192020-€40,000-€20,000€0€20,000Operating result 2018: -€22,624-€22,600Net result 2018: -€22,724-€22,700Operating result 2019: €28,404€28,400Net result 2019: €25,519€25,500Operating result 2020: €28,404€28,400Net result 2020: €25,519€25,500201820192020
The operating result stays at €28,404 in 2020, level with 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €31,596
Fixed assets €11,312 =
Current assets €20,283 ▲ 29.3%
Key figures and ratios
2020 value · change against 2019
EBITDA
€33,890=
2019 · €33,890
Cash flow
€31,005=
2019 · €31,005
Solvency
-37.8%▼
2019 · -4.6%
Current ratio
0.52▼
2019 · 0.56
Quick ratio
0.26▲
2019 · 0.20
ROA
89.6%▼
2019 · 94.5%
Debt ≤ 1 year
€39,226▲
2019 · €28,246
Income taxes
€2,539=
2019 · €2,539
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2020 against 2019 · 25 lines
Balance sheet Code20192020
Assets
Total assets20/58€26,996€28,474▲
Fixed assets21/28€11,312€11,312=
Tangible fixed assets22/27€8,687€8,687=
Financial fixed assets28€2,625€2,625=
Current assets29/58€15,684€20,283▲
Stocks and contracts in progress3€10,000€10,000=
Amounts receivable within one year40/41€12€684▲
Cash at bank and in hand54/58€4,671€4,671=
Equity and liabilities
Total equity and liabilities10/49€26,996€28,474▲
Equity10/15-€1,250-€10,752▼
Contributions10/11€18,592€18,592=
Reserves13€1,859€1,859=
Profit (loss) carried forward14-€21,701-€31,203▼
Amounts payable17/49€28,246€39,226▲
Amounts payable within one year42/48€28,246€39,226▲
Trade debts44€4,629€14,974▲
Income statement Code20192020
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,486€5,486=
Gross operating margin9900€84,671€84,671=
Operating profit (loss)9901€28,404€28,404=
Recurring financial income75€53€53=
Recurring financial charges65€399€399=
Profit (loss) for the period before taxes9903€28,058€28,058=
Income taxes67/77€2,539€2,539=
Profit (loss) for the period9904€25,519€25,519=
Profit (loss) for the period to be appropriated9905€25,519€25,519=
Line201820192020Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€656€5,486€5,486=
Gross operating margin9900€27,895€84,671€84,671=
Operating profit (loss)9901-€22,624€28,404€28,404=
Recurring financial income75-€53€53=
Recurring financial charges65€100€399€399=
Profit (loss) for the period before taxes9903-€22,724€28,058€28,058=
Income taxes67/77-€2,539€2,539=
Profit (loss) for the period9904-€22,724€25,519€25,519=
Profit (loss) for the period to be appropriated9905-€22,724€25,519€25,519=
Line201820192020Change
Assets
Total assets20/58€27,224€26,996€28,474▲ 5.5%
Fixed assets21/28€16,299€11,312€11,312=
Tangible fixed assets22/27€13,674€8,687€8,687=
Financial fixed assets28€2,625€2,625€2,625=
Current assets29/58€10,925€15,684€20,283▲ 29.3%
Stocks and contracts in progress3€5,000€10,000€10,000=
Amounts receivable within one year40/41€1,548€12€684▲ 5,418%
Cash at bank and in hand54/58€3,377€4,671€4,671=
Equity and liabilities
Total equity and liabilities10/49€27,224€26,996€28,474▲ 5.5%
Equity10/15-€26,769-€1,250-€10,752▼ 760%
Contributions10/11€18,592€18,592€18,592=
Reserves13€1,859€1,859€1,859=
Profit (loss) carried forward14-€47,220-€21,701-€31,203▼ 43.8%
Amounts payable17/49€53,993€28,246€39,226▲ 38.9%
Amounts payable within one year42/48€53,993€28,246€39,226▲ 38.9%
Trade debts44€8,260€4,629€14,974▲ 223%
Line201820192020Change
Profit (loss) for the period9904-€22,724€25,519€25,519=
+ Depreciation and write-downs630€656€5,486€5,486=
Operating cash flow (approximation)-€22,068€31,005€31,005=
Investment in fixed assets (approximation)--€500-€5,486▼ 997%
Change in cash-€1,294€0▼ 100%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2023
25-05
Bankruptcy Opening
Ondernemingsrechtbank Gent, afdeling Brugge · event 19-05-2023
2021
20-07
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
10-09
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 41 days late
2019
31-12
Financial Back to profitnet €25,519
Net result €25,519 after one loss-making year.
27-09
NBB filing Annual accounts filed
fiscal year 2018 · micro schema · 58 days late
2018
26-07
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing Annual accounts filed
fiscal year 2016 · micro schema
2016
22-07
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
30-07
NBB filing Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
28-08
NBB filing Annual accounts filed
fiscal year 2013 · full schema · 28 days late
2013
30-08
NBB filing Annual accounts filed
fiscal year 2012 · full schema · 30 days late
2012
22-08
NBB filing Annual accounts filed
fiscal year 2011 · full schema · 22 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 11 acts read
About the unread acts

We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
11 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, Knokke-Heist · 1 establishment unit since 2018
seat establishment The establishment unit on the map
Ground area
164 m²
Parcel 31332F0016/00H000, Flanders. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
Bella Ciao
Alfred Verweeplein 20, 8300 Knokke-HeistFull-service restaurants
since 20182.277.346.006
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
31332F0016/00H000indicative Flanders 164 m² - -
Linked by address, not proof of ownership
Good to know
0 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 BERT BERT
KOMVEST 29, 8000 BRUGGE-
19-05-2023 → present

Structure & network

Owners and holdings

1 owner

Chain of control

  1. HENAST 100%
  2. SICARM

Highest known parent: HENAST. The sources do not say who stands above it.

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 20,506 companies in sector 56111 we hold annual accounts for 11,454. 3,321 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
Founded04-07-1989
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
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 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.