Age7 yrs
Real estate3 parcels · 5.9 ha
Summary
Conclusion
the dossier summarised in one paragraphA bankruptcy procedure is open for NEWKASAR according to publications in the Belgian State Gazette. The 2023 annual accounts show negative equity (€-4k) and a net result of €-2k.
Based on the State Gazette, CBE and 5 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneBankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Insolvency timeline
1 events18-02-2025
Bankruptcy
Opening
Signals
1 signal · with evidenceNegative equity
Equity is negative for financial year 2023: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
View the annual accounts Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Filing behaviour
From the deposit records, complete market-wideFiling behaviour not assessed
The register records an open bankruptcy. From that point the trustee files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.
How we compute the deadline
The year end is derived from 5 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2023, that is 31-07-2024.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | nothing on record | not filed | - |
| 31-12-2023 | 31-07-2024 | 29-11-2024 | 121 d late | 2024-00611593 |
| 31-12-2022 | 31-07-2023 | 08-07-2024 | 343 d late | 2024-00225694 |
| 31-12-2021 | 31-07-2022 | 23-12-2022 | 145 d late | 2022-20548814 |
| 31-12-2020 | 31-07-2021 | 27-10-2021 | 88 d late | 2021-73900357 |
| 31-12-2019 | 31-07-2020 | 03-11-2020 | 95 d late | 2020-67900232 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsRegister: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-2k
Working capital€-4k-98.7%
Directors1
Annual accounts & ratios
Source: NBB · 2023Annual accounts filed on 29-11-2024 with the NBB · fiscal year 2023 · micro
€-2k
-
19-23
€23k
-55.9%
19-23
€-4k
-91.8%
19-23
€-4k
-98.7%
19-23
1
+33.3%
19-23
€16k
-69.9%
19-23
€28k
-50.1%
19-23
€28k
-50.1%
19-23
Show 6 other metrics
0.84
-12.2%
19-23
0.84
-12.2%
19-23
-17.7%
-335.2%
19-23
-6.63
+74.0%
19-23
47.9%
-
19-23
-8.5%
-
19-23
Figures by fiscal year
| Fiscal year | 2023 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | - |
| Net profit | €-2k |
| Cash flow | - |
| Staff costs | €16k |
| Income taxes | - |
| Dividends | - |
| Total assets | €23k |
| Equity | €-4k |
| Debt | €28k |
| of which ≤ 1y | €28k |
| of which > 1y | - |
| Working capital | €-4k |
| Employees (FTE) | - |
Ratios (computed)
| 2023 | |
|---|---|
| Current ratio | 0.84 |
| Quick ratio | 0.84 |
| Working capital ratio | -18.4% |
| Solvency | -17.7% |
| Debt / equity | -6.63 |
| Long-term debt ratio | - |
| Interest coverage | - |
| Gross margin | - |
| Net margin | - |
| ROA | -8.5% |
| ROE | 47.9% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2023
Full annual accounts (19 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2023 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €23k |
| Fixed assets | 21/28 | €150 |
| Financial fixed assets | 28 | €150 |
| Current assets | 29/58 | €23k |
| Amounts receivable within one year | 40/41 | €23k |
| Cash & bank | 54/58 | €161 |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €23k |
| Equity | 10/15 | €-4k |
| Contributions / capital | 10/11 | €6k |
| Accumulated profits (losses) | 14 | €-10k |
| Amounts payable | 17/49 | €28k |
| Amounts payable within one year | 42/48 | €28k |
| Trade debts payable within one year | 44 | €2k |
| Income statement | ||
| Gross operating margin | 9900 | €18k |
| Operating result | 9901 | €-362 |
| Financial charges | 65 | €2k |
| Result before taxes | 9903 | €-2k |
| Net result for the period | 9904 | €-2k |
| Result to be appropriated | 9905 | €-2k |
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2023 · computed0
/ 100
Critical
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2023 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Directors
Directors & mandates
2 directors3 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing below: a director who resigned there may therefore still show here as sitting. See the acts under Publications.
Current directors & mandates
-
CEZA KardoDirectorState Gazette act 24421055 (06-08-2024)Current06-08-2024 → present
2 events
- 06-08-2024 Resigned· Manager
- 06-08-2024 Appointed· Director
-
SAIFI AbdelhakimDirectorState Gazette act 24421055 (06-08-2024)Current06-08-2024 → present
2 events
- 06-08-2024 Resigned· Manager
- 06-08-2024 Appointed· Director
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Insolvency mandates
1 mandate| Role | Name | Tenure | Source |
|---|---|---|---|
| Curator | JAN DELEN DESGUINLEI 100 BUS 4,
2018 ANTWERPEN 1 |
11-02-2025 → present | Belgian State Gazette |
Legal Structure
| NACE primary | - |
| Legal form | Private limited company(610) |
| Incorporation | 25-04-2019 |
| Status | Active |
| Postal code | 1800 |
| First BS signal | 18-02-2025 |
| Latest BS signal | 18-02-2025 |
Structure & network
Ownership & control
No ownership or control structure found in the sources.
For this we read shareholding and parent/subsidiary relations from the acts in the Belgian State Gazette, plus the board seats that legal entities hold in one another. Nothing of the sort is published for this company, which is common: most Belgian companies do not publish a shareholding structure.
1 court or liquidation mandate is on record for this company. Such a mandate is a fact about the company itself, not about a tie to another one: two bankruptcies handled by the same receiver are two separate cases. They are listed under Directors & mandates.
Locations & real estate
Registered office
on the map · from the address registerEstablishment units
2 locationsVlaanderenstraat 99, 1800 Vilvoorde
since 20192.288.915.235
Zomer Lounge Bar
since 20222.332.010.850
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels3
Ground area5.9 ha
Buildings3
Building footprint464 m²
Volume (LiDAR)2,798 m³
Tallest building11.0 m · ±3 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels 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.
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23643E0006/00P000 | Flanders | 5.8 ha | 1 · 110 m² | 10.3 m · 3 fl. |
| 23642D0194/00F000 | Flanders | 297 m² | 1 · 272 m² | 11.0 m · 1 fl. |
| 23642D0866/00X000 | Flanders | 93 m² | 1 · 82 m² | 11.0 m · 3 fl. |
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
1 event from the State Gazette18-02-2025
Bankruptcy
Opening
Time machine: BS events + macro context
2021-2026Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad · acts
1 acts All acts · 1
updated 2 years ago
2024
06-08-2024 2 directors appointed, 2 resigning
- CEZA Kardo, Bestuurder
- SAIFI Abdelhakim, Bestuurder
- CEZA Kardo, Zaakvoerder
- SAIFI Abdelhakim, Zaakvoerder
Notary:
Florence le MAIRE · Brussel
Analysis
Financial profile
5 of 5 axes measured44
/ 100
Fragile profile, watch health in particular.
All 5 axes are computed from data Checked has read.
Health
0
Profitability
100
Solvency
41
Growth
78
Stability
0
Credit advice
verdict per customer and amountCompany registry
Company registry (CBE)
Crossroads BankNames & trade names
| Legal nameNL | NEWKASAR |
Registered office
Guldenschaapstraat 6 bus 1
1800 Vilvoorde, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.