TSAAR
A bankruptcy procedure is open for TSAAR according to publications in the Belgian State Gazette. The 2024 annual accounts show negative equity (€-144k) and a net result of €-211k.
| Equity | €-144k |
| Net result | €-211k |
| Staff (FTE) | 5.4 |
| Better than sector | 8% |
Fragile profile — watch health in particular.
Bankruptcy opened
A bankruptcy procedure is already open — a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Unlock the full score breakdown, per-year score history and the indicative credit limit from Starter.
See plans →| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -45.4% | 24.5% | |
| Net result | €-211k | €5k | |
| Equity | €-144k | €20k | |
| Gross operating margin | €86k | €32k | |
| Staff costs | €210k | €48k |
| Fiscal year | 2024 |
|---|---|
| Revenue | — |
| EBITDA | €-163k |
| Net profit | €-211k |
| Cash flow | €-184k |
| Staff costs | €210k |
| Income taxes | €239 |
| Dividends | — |
| Total assets | €318k |
| Equity | €-144k |
| Debt | €463k |
| of which ≤ 1y | €332k |
| of which > 1y | €131k |
| Working capital | €-112k |
| Employees (FTE) | 5.4 |
| 2024 | |
|---|---|
| Current ratio | 0.66 |
| Quick ratio | 0.66 |
| Working capital ratio | -35.1% |
| Solvency | -45.4% |
| Debt / equity | -3.20 |
| Long-term debt ratio | -0.91 |
| Interest coverage | -7.61 |
| Gross margin | — |
| Net margin | — |
| ROA | -66.3% |
| ROE | 146.2% |
| EBITDA margin | — |
| Days sales outstanding | — |
| Days payable outstanding | — |
| Inventory turnover | — |
| Days inventory (DSI) | — |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet — Assets | ||
| TOTAL ASSETS | 20/58 | €318k |
| Fixed assets | 21/28 | €98k |
| Tangible fixed assets | 22/27 | €98k |
| Current assets | 29/58 | €220k |
| Amounts receivable within one year | 40/41 | €203k |
| Cash & bank | 54/58 | €15k |
| Balance sheet — Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €318k |
| Equity | 10/15 | €-144k |
| Contributions / capital | 10/11 | €3k |
| Reserves | 13 | €64k |
| Accumulated profits (losses) | 14 | €-211k |
| Amounts payable | 17/49 | €463k |
| Amounts payable after one year | 17 | €131k |
| Amounts payable within one year | 42/48 | €332k |
| Trade debts payable within one year | 44 | €152k |
| Income statement | ||
| Gross operating margin | 9900 | €86k |
| Operating result | 9901 | €-190k |
| Financial income | 75 | €1 |
| Financial charges | 65 | €21k |
| Result before taxes | 9903 | €-211k |
| Income taxes | 67/77 | €239 |
| Net result for the period | 9904 | €-211k |
| Result to be appropriated | 9905 | €-211k |
-
Current28-07-2023 → present
2 events
- 28-07-2023 Appointed· Director
- 10-08-2022 Resigned· Director
-
Current10-08-2022 → present
Former directors (1)
-
Former10-08-2022 → 23-04-2024
2 events
- 23-04-2024 Resigned· Director
- 10-08-2022 Appointed· Director
| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | JEAN HENDRICKX LANGE LOZANASTRAAT 24,
2018 ANTWERPEN 1 |
02-04-2026 → present | Belgian State Gazette |
| NACE primary | 52250 |
| Legal form | Private limited company(610) |
| Incorporation | 03-02-2020 |
| Status | Active |
| Postal code | 2018 |
| First BS signal | 09-04-2026 |
| Latest BS signal | 09-04-2026 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates — not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11808H1236/00R003 | Flanders | 819 m² | 1 · 236 m² | 28.3 m · 8 fl. |
A single timeline of everything that happened to this company — publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
29-12-2025 Registered office moved from Kruibeke to Antwerpen
- Kasteleinstraat 13, 9150 Kruibeke → Quellinstraat 49, 2018 Antwerpen
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
"city": "Antwerpen",
"region": null,
"street": "Quellinstraat",
"country": "BE",
"postcode": "2018",
"box_number": null,
"street_number": "49"
},
"old_address": {
"city": "Kruibeke",
"region": null,
"street": "Kasteleinstraat",
"country": "BE",
"postcode": "9150",
"box_number": "A",
"street_number": "13"
},
"effective_date": "2025-10-16",
"evidence_quote": "De algemene vergadering van 16 oktober 2025 beslist de maatschapeplijke zetel te verplaatsen naar Quellinstraat 49 2018 Antwerpen en dit vanaf 16 oktober 2025."
}
],
"schema": "v3.2",
"act_meta": {
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"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0742.835.205",
"name_full": "TSAAR",
"legal_form": "BV"
}
}29-12-2025 Registered office moved from Kruibeke to Antwerpen
- Kasteleinstraat 13 A 9150 Kruibeke → Quellinstraat 49 2018 Antwerpen
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Quellinstraat 49 2018 Antwerpen",
"city": "Antwerpen",
"region": "vlaams_gewest",
"street": "Quellinstraat",
"country": "BE",
"postcode": "2018",
"box_number": null,
"street_number": "49",
"locality_suffix": null
},
"old_address": {
"raw": "Kasteleinstraat 13 A 9150 Kruibeke",
"city": "Kruibeke",
"region": "vlaams_gewest",
"street": "Kasteleinstraat",
"country": "BE",
"postcode": "9150",
"box_number": "A",
"street_number": "13",
"locality_suffix": null
},
"effective_date": "2025-10-16",
"evidence_quote": "",
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"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "statutaire",
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"court_jurisdiction_changed": false,
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}
],
"notary": {
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"firm_name": null,
"office_city": "Gent",
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2025-12-29",
"filing_date": "2025-12-16",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "algemene_vergadering",
"date": "2025-10-16",
"unanimous": null
},
"subject_company": {
"kbo": "0742.835.205",
"name_full": "Tsaar",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "org",
"org_kbo": null,
"org_name": "ACERTA Ondernemingsloket VZW",
"person_name": null,
"org_rep_person_name": "Iris Carsau",
"person_role_at_subject": null
},
"co_filed_documents": [
"Bijlagen bij het Belgisch Staatsblad"
]
}21-05-2024 Dohod resigns as director
- Dohod — Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
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"name": "Dohod",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": "de_plein_droit_dissolution",
"subkind": null,
"via_org": null,
"statutory": "statutair",
"compensated": null,
"effective_date": "2024-04-23",
"evidence_quote": "Het ontslag als bestuurder van Dohod BV met ondernemingsnummer 0786.472.337 en met vaste",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": "immediate"
},
{
"kind": "sole_shareholder_declaration",
"role": "enige_bestuurder",
"person": {
"rrn": null,
"name": "Gnidenko Nikola\u00EF",
"address": null,
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": null,
"subkind": null,
"via_org": null,
"statutory": "statutair",
"compensated": null,
"effective_date": null,
"evidence_quote": "De vennootschap zal voortaan alleen geleid worden door de heer Gnidenko Nikola\u00EF als enige bestuurder.",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "substantive_delegation",
"role": "dagelijks_bestuur",
"person": {
"rrn": null,
"name": "Liesbet Desmedt",
"address": null,
"birth_date": null,
"profession": "lasthebber",
"birth_place": null
},
"reason": null,
"subkind": "additional",
"via_org": {
"kbo": null,
"name": "ACERTA Ondernemingsloket VZW",
"address": "1020 Brussel, Esplanade 1 bus 65",
"country": "BE",
"legal_form": "VZW"
},
"statutory": "statutair",
"compensated": null,
"effective_date": null,
"evidence_quote": "De zaakvoerder geeft een bijzondere volmacht aan ACERTA Ondernemingsloket VZW, met als vast",
"decharge_status": null,
"mandate_duration": {
"kind": "indefinite",
"value": null
},
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
},
{
"kind": "publication_proxy",
"role": null,
"person": {
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"name": "Liesbet Desmedt",
"address": null,
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},
"reason": null,
"subkind": null,
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "Getekend, Liesbet Desmedt",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": "Gent",
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2024-05-21",
"filing_date": "2024-05-07",
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
{
"body": "algemene_vergadering",
"date": "2024-04-23",
"unanimous": null
}
],
"is_correction": false,
"subject_company": {
"kbo": "0742.835.205",
"name_full": "TSAAR",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Liesbet Desmedt",
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [],
"corrected_publication_numac": null
}21-05-2024 Gnidenko Nikolai resigns as director
- Gnidenko Nikolai — Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Gnidenko Nikolai",
"address": null,
"birth_date": null
},
"via_org": {
"kbo": "0786472337",
"name": "Dohod BV",
"address": null,
"country": null,
"legal_form": null
},
"effective_date": "2024-04-23",
"evidence_quote": "Het ontslag als bestuurder van Dohod BV met ondernemingsnummer 0786.472.337 en met vaste vertegenwoordiger de heer Gnidenko Nikolai met ingang van 23 april 2024."
}
],
"schema": "v3.2",
"act_meta": {
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"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0742.835.205",
"name_full": "TSAAR",
"legal_form": "BV"
}
}13-09-2023 1 director appointed, 1 resigning
- Nikolai Gnidenko — Bestuurder
- Eddy Vergrauwen — Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Eddy Vergrauwen",
"address": null,
"birth_date": null
},
"via_org": {
"kbo": "0742835205",
"name": "Sintakso BV",
"address": null,
"country": null,
"legal_form": null
},
"effective_date": "2023-07-28",
"evidence_quote": "De vennootschap Sintakso BV, vertegenwoordigd door Eddy Vergrauwen, wordt uit zijn mandaat als bestuurder ontslagen vanaf 28 juli 2023 en verkrijgy bij deze kwijting voor zijn bestuurdersmandaat in de vennootschap",
"discharge_granted": true
},
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Nikolai Gnidenko",
"address": null,
"birth_date": null
},
"effective_date": "2023-07-28",
"evidence_quote": "Daarnaast wordt Nikolai Gnidenko vanaf 28 juli 2023 benoemd tot bestuurder van de vennootschap"
}
],
"schema": "v3.2",
"act_meta": {
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},
"subject_company": {
"kbo": "0742.835.205",
"name_full": "TSAAR",
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}
}27-04-2023 Registered office moved from Sint-Niklaas to Kruibeke
- August De Boeckstraat 9, 9100 Sint-Niklaas → Kasteleinstraat 13, 9150 Kruibeke
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "statutaire",
"new_address": {
"city": "Kruibeke",
"region": null,
"street": "Kasteleinstraat",
"country": "BE",
"postcode": "9150",
"box_number": "A",
"street_number": "13"
},
"old_address": {
"city": "Sint-Niklaas",
"region": null,
"street": "August De Boeckstraat",
"country": "BE",
"postcode": "9100",
"box_number": "101",
"street_number": "9"
},
"effective_date": "2023-03-29",
"evidence_quote": "De algemene vergadering van 29 maart 2023 besluit: De maatschappelijke zetel te verplaatsen naar Kasteleinstraat 13 A 9150 Kruibeke en dit vanaf 29 maart 2023."
}
],
"schema": "v3.2",
"act_meta": {
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},
"subject_company": {
"kbo": "0742.835.205",
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}
}27-04-2023 Registered office moved from Sint-Niklaas to Kruibeke
- August De Boeckstraat 9 bus 101 9100 Sint-Niklaas → Kasteleinstraat 13 A 9150 Kruibeke
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Kasteleinstraat 13 A 9150 Kruibeke",
"city": "Kruibeke",
"region": "vlaams_gewest",
"street": "Kasteleinstraat",
"country": "BE",
"postcode": "9150",
"box_number": "A",
"street_number": "13",
"locality_suffix": null
},
"old_address": {
"raw": "August De Boeckstraat 9 bus 101 9100 Sint-Niklaas",
"city": "Sint-Niklaas",
"region": "vlaams_gewest",
"street": "August De Boeckstraat",
"country": "BE",
"postcode": "9100",
"box_number": "101",
"street_number": "9",
"locality_suffix": null
},
"effective_date": "2023-03-29",
"evidence_quote": "",
"region_changed": false,
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"effective_date_qualifier": "absolute",
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"linguistic_region_changed": false,
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"effective_date_is_approximate": false
}
],
"notary": {
"name": "TSAAR",
"firm_city": null,
"firm_name": null,
"office_city": "Gent",
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": null,
"filing_date": "2023-04-18",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "algemene_vergadering",
"date": "2023-03-29",
"unanimous": null
},
"subject_company": {
"kbo": "0742.835.205",
"name_full": null,
"legal_form": "BV",
"_kbo_filled_from_list": true
},
"publication_proxy": {
"kind": "org",
"org_kbo": null,
"org_name": "ACERTA Ondernemingsloket VZW",
"person_name": null,
"org_rep_person_name": "Liesbet Desmedt",
"person_role_at_subject": null
},
"co_filed_documents": [
"kopie na neerlegging van de akte ter griffie"
]
}10-08-2022 2 directors appointed, 1 resigning
- Nikolai Gnidenko — Bestuurder
- Eddy Vergauwen — Bestuurder
- Nikolai Gnidenko — Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Nikolai Gnidenko",
"address": null,
"birth_date": null
},
"evidence_quote": "De heer Nikolai Gnidenko wordt uit zijn mandaat als niet-statutair bestuurder ontslagen en verkrijgt bij deze kwijting voor zijn bestuurdersmandaat in de vennootschap.",
"discharge_granted": true
},
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Nikolai Gnidenko",
"address": null,
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},
"via_org": {
"kbo": "0786472337",
"name": "Dohod",
"address": null,
"country": null,
"legal_form": null
},
"evidence_quote": "De besloten vennootschap Dohod (ON: 0786.472.337), vast vertegenwoordigd door de heer Nikolai Gnidenko, wordt aangesteld als nieuwe bestuurder van de vennootscha\u0440."
},
{
"kind": "director_in",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Eddy Vergauwen",
"address": null,
"birth_date": null
},
"via_org": {
"kbo": "0786472634",
"name": "Sintakso",
"address": null,
"country": null,
"legal_form": null
},
"evidence_quote": "De besloten vennootschap Sintakso (ON: 0786.472.634), vast vertegenwoordigd door de heer Eddy Vergauwen, wordt aangesteld als nieuwe bestuurder van de vennootscha\u0440."
}
],
"schema": "v3.2",
"act_meta": {
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},
"subject_company": {
"kbo": "0742.835.205",
"name_full": "TSAAR",
"legal_form": "BV"
}
}05-02-2020 Incorporation of a new BV
Technical details
{
"kind": "oprichting",
"seat": "9100 Sint-Niklaas, August De Boeckstraat 9 bus 101",
"schema": "v3.2",
"act_meta": {
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},
"founders": [
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1990-02-04",
"name": "GNIDENKO Nikola\u00EF Nikolaievitch",
"niss": null,
"address": "9100 Sint-Niklaas, August De Boeckstraat 9 bus 0101"
},
"share_class": "Ordinary",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 2500,
"holder_person_name": "GNIDENKO Nikola\u00EF Nikolaievitch",
"is_subscriber_only": false,
"n_shares_subscribed": 250,
"amount_subscribed_eur": 2500,
"is_anonymous_silent_partner": false
}
],
"capital_eur": 2500,
"subject_company": {
"kbo": "0742.835.205",
"name_full": "TSAAR",
"legal_form": "BV"
},
"initial_directors": [],
"incorporation_date": "2020-01-30",
"post_incorporation_mandates": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | TSAAR |