SUBHANI
Open bankruptcyA bankruptcy procedure is open for SUBHANI according to publications in the Belgian State Gazette; curator: YUQIN CHEN.
Summary
The file additionally contains 1 administrative flag. The 2022 annual accounts show equity of €19,968 and a net result of €22,772.
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
- 3 November 2025
- Supervising judge
- Alain Figas
- Official Gazette
- 10-11-2025 (pdf) ↗search the document for 2025/146319
Curator
- Yuqin ChenRue De La Leche 36 36, 4020 Liege 2yuqin.chen@troxquet-avocats.com
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.
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 ↗
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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
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
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?Address check Are there other customers at risk in your own list?Debtor check
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, full schema
Turnover
€60,266▲ 25.8%
2021 · €47,903
EBIT margin
37.8%▲ 24.3pp
2021 · 13.5%
Net result
€22,772▲ 260%
2021 · €6,321
Working capital
€19,968
2021 · -€2,804
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
Line20182019202020212022
Turnover€21,779-€23,630▲ 8.5%€35,819▲ 51.6%€47,903▲ 33.7%€60,266▲ 25.8%
Operating result-€3,145-€54-€11,370€6,455€22,772▲ 253%
Net result-€3,164--€570▲ 82.0%-€11,591▼ 1,933%€6,321€22,772▲ 260%
EBIT margin-14.4%-0.2%▲ 14.7pp-31.7%▼ 32.0pp13.5%▲ 45.2pp37.8%▲ 24.3pp
Equity€3,036-€2,466▼ 18.8%-€9,125-€2,804▲ 69.3%€19,968
Total assets€21,779-€45,805▲ 110%€18,152▼ 60.4%€50,015▲ 176%€53,377▲ 6.7%
Debt€18,743-€43,339▲ 131%€27,277▼ 37.1%€52,819▲ 93.6%€33,409▼ 36.7%
Working capital€3,485-€2,472▼ 29.0%-€9,125-€2,804▲ 69.3%€19,968
Result per fiscal year
Operating resultNet result
After the dip in 2020 the operating result has climbed two years in a row; 2022 is 253% above 2021 and is the highest result in the available series.
Balance-sheet composition
Equity and liabilities €53,377
Equity
€19,968
Debt
€33,409
Debt finances 62.6% of the balance-sheet total.
Key figures and ratios
Current ratio
1.60▲
2021 · 0.95
Quick ratio
0.28▲
2021 · 0.05
Debt to equity
1.67▲
2021 · -18.84
ROE
114.0%
ROA
42.7%▲
2021 · 12.6%
Debt ≤ 1 year
€33,409▼
2021 · €52,819
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 |
|---|---|---|---|---|---|---|
| Turnover70 | €21,779 | €23,630 | €35,819 | €47,903 | €60,266 | ▲ 25.8% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €46,884 | €37,494 | ▼ 20.0% |
| Remuneration, social security and pensions62 | - | - | - | €2 | - | - |
| Other operating charges640/8 | - | - | - | €141 | - | - |
| Gross operating margin9900 | -€3,145 | €1,116 | -€9,783 | €6,598 | €22,772 | ▲ 245% |
| Operating profit (loss)9901 | -€3,145 | €54 | -€11,370 | €6,455 | €22,772 | ▲ 253% |
| Financial charges65/66B | - | - | - | €133 | - | - |
| Recurring financial charges65 | €18 | €624 | €221 | €133 | - | - |
| Profit (loss) for the period before taxes9903 | -€3,164 | -€570 | -€11,591 | €6,321 | €22,772 | ▲ 260% |
| Profit (loss) for the period9904 | -€3,164 | -€570 | -€11,591 | €6,321 | €22,772 | ▲ 260% |
| Profit (loss) for the period to be appropriated9905 | -€3,164 | -€570 | -€11,591 | €6,321 | €22,772 | ▲ 260% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €21,779 | €45,805 | €18,152 | €50,015 | €53,377 | ▲ 6.7% |
| Current assets29/58 | €21,779 | €45,805 | €18,152 | €50,015 | €53,377 | ▲ 6.7% |
| Stocks and contracts in progress3 | - | - | - | €47,250 | €44,009 | ▼ 6.9% |
| Stocks30/36 | - | - | - | €47,250 | €44,009 | ▼ 6.9% |
| Amounts receivable within one year40/41 | €21,779 | €45,409 | €16,231 | €2,765 | €7,735 | ▲ 180% |
| Trade receivables40 | - | - | - | €2,765 | €7,735 | ▲ 180% |
| Cash at bank and in hand54/58 | - | - | €230 | - | €1,633 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €21,779 | €45,805 | €18,152 | €50,015 | €53,377 | ▲ 6.7% |
| Equity10/15 | €3,036 | €2,466 | -€9,125 | -€2,804 | €19,968 | ▲ 812% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | - | - | €6,200 | €6,200 | = |
| Issued capital100 | - | - | - | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€3,164 | -€3,734 | -€15,325 | -€9,004 | €13,768 | ▲ 253% |
| Amounts payable17/49 | €18,743 | €43,339 | €27,277 | €52,819 | €33,409 | ▼ 36.7% |
| Amounts payable within one year42/48 | €18,294 | €43,333 | €27,277 | €52,819 | €33,409 | ▼ 36.7% |
| Financial debts43 | - | - | - | €19 | - | - |
| Credit institutions430/8 | - | - | - | €19 | - | - |
| Trade debts44 | €13,838 | €0 | €22,940 | €26,680 | €6,434 | ▼ 75.9% |
| Suppliers440/4 | - | - | - | €26,680 | €6,434 | ▼ 75.9% |
| Taxes, remuneration and social security45 | - | - | - | €10,769 | €0 | ▼ 100% |
| Taxes450/3 | - | - | - | €10,769 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | - | - | €15,352 | €26,975 | ▲ 75.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,164 | -€570 | -€11,591 | €6,321 | €22,772 | ▲ 260% |
| Operating cash flow (approximation) | -€3,164 | -€570 | -€11,591 | €6,321 | €22,772 | ▲ 260% |
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
2025
10-11
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 03-11-2025
16-05
KBO administration
Address struck
Rue Saint-Léonard 54 Die Sitzadresse Rue Saint-Léonard 54 4000
4000 Liège · event 31-03-2025
2024
06-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 280 days late
2023
15-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 168 days late
2022
31-12
Financial
Highest result since 2018net €22,772 ▲260%
Operating result €22,772, net result €22,772, both a record.
15-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 199 days late
2021
31-12
Financial
Back to profitnet €6,321
Net result €6,321 after 3 loss-making years.
13-12
Bankruptcy
Judicial dissolution
Tribunal de l’entreprise du Hainaut, division Mons
17-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 474 days late
2020
31-12
Financial
Weakest financial yearnet -€11,591
Net result drops to -€11,591, the lowest in the series.
28-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 272 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Liège · 2 establishment units since 2022
Ground area
626 m²
Building footprint
253 m²
Volume, LiDAR
2,776 m³
3 parcels, Brussels, Wallonia · tallest building 19.2 m, ±5 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
2 establishment units
SUBHANI
since 20222.331.261.079
RED BERL
since 20222.339.396.609
3 parcels
Wallonia
2
(66.7%)
Brussels
1
(33.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53019B0554/00P008 | Wallonia | 398 m² | 1 · 119 m² | 11.7 m · 2 fl. |
| 62810B0677/00S000 | Wallonia | 131 m² | 1 · 34 m² | 14.4 m · 4 fl. |
| 21305B0204/00B030 | Brussels | 97 m² | 1 · 100 m² | 19.2 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 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 | YUQIN CHEN RUE DE LA LECHE 36 36, 4020 LIEGE 2- |
03-11-2025 → present |
Identification & contact
Identification
Legal formPrivate limited company
Founded09-05-2018
Fiscal year end31-12
Contact
E-mail
nasirsaddique1973@icloud.com
Phone
+32485274525
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.