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Complete company report
Generated 10-08-2026
Active BE 0682.934.636Private limited company (pre-2019)Open bankruptcy

SAFAAD

· 8 yrs active
Sector: Food & beverage service (56112)
Conclusion Checked

A bankruptcy procedure is open for SAFAAD according to publications in the Belgian State Gazette. The file additionally contains 1 administrative flag. The 2022 annual accounts show equity of €108k and a net result of €33k.

Based on the State Gazette, CBE and 5 annual accounts.
Key figures
Equity €108k
Net result €33k
Better than sector 90%
Active 8 yrs
Snowflake analysis 5 of 5 axes measured · computed by Checked
Health33Profitability100Solvency100Growth78Stability0
62 / 100

Strong profile, led by profitability.

All 5 axes are computed from data Checked has read.

Health 33
Profitability 100
Solvency 100
Growth 78
Stability 0
Bankruptcy probability (12 mo) Checked model v1 · free

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.

Risk Assessment rule-based
53 / 100
High riskRegister: open bankruptcy
This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.
Components
· Open bankruptcy (+50)
· 1 administrative flag (+3)
Trust signals 2 signals
Register: 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 1 events
Address struck
Health barometer FY 2022 · computed
33 / 100 Weak
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

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Computed by Checked from the NBB filing for FY 2022 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.
Financial overview5 NBB filings
Annual accounts filed on 19-09-2023 with the NBB · fiscal year 2022 · micro
€0€20k€40k€60kOperating result 2018: €2k€2kNet result 2018: €2k€2kOperating result 2019: €33k€33kNet result 2019: €22k€22kOperating result 2020: €11k€11kNet result 2020: €31k€31kOperating result 2021: €36k€36kNet result 2021: €35k€35kOperating result 2022: €58k€58kNet result 2022: €33k€33k20182019202020212022
Operating resultNet result
Sector comparison
Fiscal year 2022 · NACE 56, Food & beverage service · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 70.1% 16.7%
better than 90% of 3544 sector peers
Net result €33k €739
better than 86% of 3526 sector peers
Equity €108k €10k
better than 91% of 3550 sector peers
Gross operating margin €117k €35k
better than 78% of 3512 sector peers
Staff costs €51k €40k
higher than 56% of 2481 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€62k
+65.3% 18-22
Net profit
€33k
-6.8% 18-22
Cash flow
€37k
+0.3% 18-22
Total assets
€153k
+33.5% 18-22
Equity
€108k
+43.4% 18-22
Working capital
€82k
+17.1% 18-22
Employees (FTE)
2
- 18-22
Staff costs
€51k
+276.2% 18-22
Income taxes
€23k
+3823206.7% 18-22
Debt
€46k
+14.9% 18-22
Debt ≤ 1y
€46k
+14.9% 18-22
Current ratio
2.79
+1.2% 18-22
Quick ratio
2.78
+1.4% 18-22
Solvency
70.1%
+7.4% 18-22
Debt / equity
0.43
-19.8% 18-22
ROE
30.2%
-35.0% 18-22
ROA
21.2%
-30.2% 18-22
Interest coverage
25.83
-42.9% 18-22
Figures by fiscal year
Fiscal year2022
Depositmicro
Revenue-
EBITDA€62k
Net profit€33k
Cash flow€37k
Staff costs€51k
Income taxes€23k
Dividends-
Total assets€153k
Equity€108k
Debt€46k
of which ≤ 1y€46k
of which > 1y-
Working capital€82k
Employees (FTE)-
Ratios (computed)
2022
Current ratio2.79
Quick ratio2.78
Working capital ratio53.5%
Solvency70.1%
Debt / equity0.43
Long-term debt ratio-
Interest coverage25.83
Gross margin-
Net margin-
ROA21.2%
ROE30.2%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2022
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2022
Balance sheet, Assets
TOTAL ASSETS 20/58€153k
Fixed assets 21/28€26k
Tangible fixed assets 22/27€26k
Current assets 29/58€128k
Stocks & contracts in progress 3€655
Amounts receivable within one year 40/41€102k
Cash & bank 54/58€21k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€153k
Equity 10/15€108k
Contributions / capital 10/11€8k
Reserves 13€2k
Accumulated profits (losses) 14€98k
Amounts payable 17/49€46k
Amounts payable within one year 42/48€46k
Trade debts payable within one year 44€22k
Income statement
Gross operating margin 9900€117k
Operating result 9901€58k
Financial charges 65€2k
Result before taxes 9903€56k
Income taxes 67/77€23k
Net result for the period 9904€33k
Result to be appropriated 9905€33k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 4 directors
Current directors & mandates
  • JOUNDI MOHAMED
    Director
    State Gazette act 24115343 (31-07-2024)
    Current
    31-07-2024 → present
  • EL Hachmioui Jamal
    Director
    State Gazette act 25051231 (18-04-2025)
    Current
    31-05-2024 → present
    2 events
    • 18-04-2025 Appointed· Director
    • 31-05-2024 Appointed· Director
  • BENOMAR Rhizlane
    Director
    State Gazette act 23007758 (17-01-2023)
    Current
    17-01-2023 → present
Former directors (1)
  • ISSAM SARAJ
    Director (executive)
    State Gazette act 23007758 (17-01-2023)
    Former
    - → 17-01-2023
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.
Directors & mandates1 person
Role Name Tenure Source
Curator GUY KELDER
PLACE GUY D’AREZZO 18, 1180 UCCLE-
 15-09-2025 → present Belgian State Gazette
Legal Structure
NACE primary Food & beverage service(56112)
Legal form Private limited company (pre-2019)(015)
Incorporation16-10-2017
StatusActive
Postal code-
First BS signal 19-09-2025
Latest BS signal 19-09-2025
Company structure, linked entities1 linked entities
SAFAADBE 0682.934.636GUY KELDERReceiver ↔ 199DNB COMPANYMACHOU TRANSPORT …JANUS & FILS
Mandates
↔ 1 of these mandate-holders are active on other cases, click any red card to open that KBO.
Establishment units 1 location
SAFAAD
Eetgelegenheden met beperkte bediening
since 20172.270.656.370
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

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.

Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21012A0211/00L007 Brussels 110 m² 1 · 110 m² 15.9 m · 5 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 12 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
22-09-2025
KBO administration Address struck
19-09-2025
Bankruptcy Opening
Tribunal de l’entreprise francophone de Bruxelles · SRL SAFAAD RUE DE L’ESPERANCE 1, 1080 MOLENBEEK-SAINT-JEAN · event 15-09-2025
18-04-2025
State Gazette act Capital & shares
2024
31-07-2024
State Gazette act Director changes
correction
10-06-2024
State Gazette act Director changes
fransonhone de reffeiles
2023
19-09-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
17-01-2023
State Gazette act Director changes
2022
25-11-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
2021
12-11-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
02-11-2020
NBB filing Annual accounts filed
fiscal year 2019 · micro
2019
31-08-2019
NBB filing Annual accounts filed
fiscal year 2018 · micro
Lifecycle & Insolvency Signals 2 events
22-09-2025
KBO administration Address struck
 · Publications in State Gazette ↗
19-09-2025
Bankruptcy Opening
Date: 15-09-2025 · Tribunal de l’entreprise francophone de Bruxelles · SRL SAFAAD RUE DE L’ESPERANCE 1, 1080 MOLENBEEK-SAINT-JEAN · Publications in State Gazette ↗
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262025-09-19 · Bankruptcy · Opening2025-09-22 · KBO administration · Address struck
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad, acts 4 acts
Capital history · 1
18-04-2025
Capital change
All acts · 4 updated 1 year ago
2025
18-04-2025 All shares are now held by a single shareholder Capital & shares
Technical details 
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  },
  "act_meta": {
    "language": "mixed",
    "pub_date": "2025-04-18",
    "filing_date": null,
    "act_kind_objet": "D\u00E9mission d\u0027un administrateur - Nomination d\u0027un administrateur"
  },
  "decision": {
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  "shareholders_after": [
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      "name": "EL Hachmioui Jamal",
      "role": "g\u00E9rant_statutaire",
      "n_shares": 100,
      "share_class": null
    }
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}
2024
31-07-2024 1 director appointed, 1 resigning Director changescorrection
  • JOUNDI MOHAMED, Bestuurder
  • EL HACHMIOUI JAMAL, Commissaris
Technical details 
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  "events": [
    {
      "kind": "commissaris_revocation",
      "role": "commissaris",
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        "rrn": "75121030386",
        "name": "EL HACHMIOUI JAMAL",
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      },
      "reason": "de_plein_droit_dissolution",
      "subkind": "rectification",
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      "evidence_quote": "A l\u0027unanimit\u00E9, L\u0027assembl\u00E9e g\u00E9n\u00E9rale d\u00E9c\u00EDde la r\u00E9vocation de Monsieur EL HACHMIOUI JAMAL NN 75121030386 \u00E0 partir de ce jour.",
      "decharge_status": null,
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      "decharge_status": null,
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  "notary": {
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    "office_city": "Molenbeek",
    "is_associated": false
  },
  "act_meta": {
    "language": "fr",
    "pub_date": "2024-07-31",
    "filing_date": null,
    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decisions": [
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      "body": "algemene_vergadering",
      "date": "2024-07-22",
      "unanimous": true
    },
    {
      "body": "algemene_vergadering",
      "date": "2024-07-22",
      "unanimous": true
    }
  ],
  "is_correction": true,
  "subject_company": {
    "kbo": "0682.934.636",
    "name_full": "SAFAAD",
    "legal_form": "SRL"
  },
  "publication_proxy": {
    "kind": "none",
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  "co_filed_documents": [],
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}
10-06-2024 1 director appointed, 1 resigning Director changes·fransonhone de reffeiles
  • EL HACHMIOUI JAMAL, Bestuurder
  • ISSAM SARAJ, Commissaris
Notary: fransonhone de reffeiles · Molenbeek
Technical details 
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      },
      "reason": "revocation",
      "subkind": null,
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      "compensated": null,
      "effective_date": "2024-05-31",
      "evidence_quote": "A l\u0027unan\u00EDmit\u00E9, L\u0027assembl\u00E9e g\u00E9n\u00E9rale d\u00E9cide la r\u00E9vocation de Monsieur ISSAM SARAJ \u00E0 partir de ce jour.",
      "decharge_status": null,
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  "notary": {
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  },
  "act_meta": {
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2023
17-01-2023 1 director appointed, 1 resigning Director changes
  • BENOMAR Rhizlane, Bestuurder
  • ISSAM SARAJ, Directeur
Technical details 
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  "notary": {
    "name": null,
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    "office_city": "Bruxes",
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  "act_meta": {
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}
Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Eetgelegenheden met beperkte bediening56102Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden56112
Primary activity highlighted.
Names & trade names
Legal nameFR SAFAAD
Registration history
  1. 22-09-2025 Address struck
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Duhor BE 0418.643.189 · Jette
'T GANZEKE BE 0436.730.523 · Ieper
Marbella Snoepsalons BE 0427.978.846 · Beveren-Kruibeke-Zwijndrecht
Aartselaar Basketbalclub BE 0424.356.588 · Aartselaar
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative