SULTANA
InactiveSULTANA was declared bankrupt on 20-06-2022 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 30-10-2023, published in the Belgian State Gazette on 07-11-2023.
No longer registered with the KBO; last annual accounts for fiscal year 2020.
Signals
Four signals. The signal on the left, the evidence on the right.
○neutral
neutral · No filing for years
The last filed financial year closed on 30-06-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
30-06-2021 close31-01-2022 deadline22-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-06-2020 was due by 31-01-2021 and was filed on 09-04-2021, 68 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 filed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
68 d late
2019
on the day
← before the deadline
after the deadline →
Financials · fiscal year 2020, micro schema
Turnover
€172k
EBIT margin
-21.6%
Net result
€-38k
2019 · €10k
2019: €10k
2019 → 2020
Working capital
€-31k
2019 · €4k
2019: €4k
2019 → 2020
Multi-year overview
Available amounts per fiscal year
Line20192020Trend
Turnover€172k
Equity€13k-€-25k
Operating result€11k-€-37k
Net result€10k-€-38k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2020: a loss of €37k after €11k in 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €30k
Fixed assets
€7k▼ 29.4%
Current assets
€23k▼ 50.0%
Key figures and ratios
EBITDA
€-34k▼
2019 · €13k
Cash flow
€-35k▼
2019 · €12k
Solvency
-83.3%▼
2019 · 23.9%
Current ratio
0.42▼
2019 · 1.09
Quick ratio
0.38▼
2019 · 0.60
ROA
-128.0%▼
2019 · 18.4%
Debt
€54k▲
2019 · €42k
Debt ≤ 1 year
€54k▲
2019 · €42k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2020 against 2019
Balance sheet
Code20192020
Assets
Total assets20/58€55k€30k▼
Fixed assets21/28€10k€7k▼
Tangible fixed assets22/27€9k€7k▼
Financial fixed assets28€100€100=
Current assets29/58€46k€23k▼
Stocks and contracts in progress3€21k€3k▼
Amounts receivable within one year40/41€11k€9k▼
Cash at bank and in hand54/58€14k€11k▼
Equity and liabilities
Total equity and liabilities10/49€55k€30k▼
Equity10/15€13k€-25k▼
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-5k€-43k▼
Amounts payable17/49€42k€54k▲
Amounts payable within one year42/48€42k€54k▲
Trade debts44€36k€37k▲
Income statement
Code20192020
Turnover70-€172k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲
Gross operating margin9900€57k€12k▼
Operating profit (loss)9901€11k€-37k▼
Recurring financial income75€193€137▼
Recurring financial charges65€1k€916▼
Profit (loss) for the period before taxes9903€10k€-38k▼
Profit (loss) for the period9904€10k€-38k▼
Profit (loss) for the period to be appropriated9905€10k€-38k▼
Timeline · acts, filings and financial milestones
2023
07-11
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · SULTANA SPRL AVENUE JULES BORDET 160/16, 1140 EVERE. déclarée le 20 juin 2022 · event 30-10-2023
2022
28-06
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · SULTANA SPRL AVENUE JULES BORDET 160/16, 1140 EVERE · event 20-06-2022
2021
09-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 68 days late
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 57 days late
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
10-02
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 10 days late
2015
12-03
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 40 days late
2014
14-02
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 14 days late
2013
26-02
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 26 days late
2012
06-03
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 35 days late
SignalNBB filing
Directors · office · real estate
Directors
17 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
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ANTHONY BOCHON AVENUE LOUISE 522 BOITE 1,
1050 IXELLES |
20-06-2022 → present |