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Complete company report
Generated 16-08-2026
Active BE 0694.543.259Private limited company

SAR

Bergense Steenweg 814A ·1070 Anderlecht, Belgium· 8 yrs active
Sector: Algemene elektrotechnische installatiewerken (43211)
Conclusion Checked

The KBO register records legal situation 050 for SAR (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2024 annual accounts show equity of €92k and a net result of €10k.

Based on the State Gazette, CBE and 7 annual accounts.
Key figures
Equity €92k
Net result €10k
Staff (FTE) 68.7
Better than sector 12%
Financial profile 5 of 5 axes measured · computed by Checked
Health8Profitability55Solvency13Growth78Stability0
31 / 100

Fragile profile, watch stability in particular.

All 5 axes are computed from data Checked has read.

Health 8
Profitability 55
Solvency 13
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
0 / 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.
Trust signals 1 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.
Administrative Flags0 events
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.
Health barometer FY 2024 · computed
8 / 100 Critical
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.

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 2024 and the legal situation the KBO register itself records. Indicative, not credit advice.
Financial overview7 NBB filings
Annual accounts filed on 30-09-2025 with the NBB · fiscal year 2024 · verkort
€-50k€0€50k€100kOperating result 2020: €-1k€-1kNet result 2020: €-12k€-12kOperating result 2021: €-631€-631Net result 2021: €-631€-631Operating result 2022: €-95€-95Net result 2022: €-95€-95Operating result 2023: €123k€123kNet result 2023: €87k€87kOperating result 2024: €14k€14kNet result 2024: €10k€10k20202021202220232024
Operating resultNet result
Sector comparison
Fiscal year 2024 · NACE 43, Specialised construction · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency 2.6% 35.4%
better than 12% of 997 sector peers
Net result €10k €30k
better than 34% of 996 sector peers
Equity €92k €122k
better than 45% of 997 sector peers
Gross operating margin €3.45M €174k
better than 95% of 996 sector peers
Staff costs €3.42M €197k
higher than 95% of 624 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€28k
-78.9% 18-24
Net profit
€10k
-88.4% 18-24
Cash flow
€24k
-75.5% 18-24
Total assets
€3.55M
+514.5% 18-24
Equity
€92k
+12.4% 18-24
Working capital
€54k
+79.7% 18-24
Employees (FTE)
69
- 18-24
Staff costs
€3.42M
+340.8% 18-24
Show 10 other metrics
Income taxes
€4k
-89.6% 18-24
Debt
€3.46M
+597.8% 18-24
Debt ≤ 1y
€3.46M
+597.8% 18-24
Current ratio
1.02
-4.2% 18-24
Quick ratio
1.02
-4.2% 18-24
Solvency
2.6%
-81.7% 18-24
Debt / equity
37.45
+521.0% 18-24
ROE
11.0%
-89.7% 18-24
ROA
0.3%
-98.1% 18-24
Interest coverage
50.46
-97.7% 18-24
Figures by fiscal year
Fiscal year2024
Depositverkort
Revenue-
EBITDA€28k
Net profit€10k
Cash flow€24k
Staff costs€3.42M
Income taxes€4k
Dividends-
Total assets€3.55M
Equity€92k
Debt€3.46M
of which ≤ 1y€3.46M
of which > 1y-
Working capital€54k
Employees (FTE)68.7
Ratios (computed)
2024
Current ratio1.02
Quick ratio1.02
Working capital ratio1.5%
Solvency2.6%
Debt / equity37.45
Long-term debt ratio-
Interest coverage50.46
Gross margin-
Net margin-
ROA0.3%
ROE11.0%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts (21 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€3.55M
Fixed assets 21/28€39k
Tangible fixed assets 22/27€39k
Current assets 29/58€3.51M
Amounts receivable within one year 40/41€3.35M
Cash & bank 54/58€159k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€3.55M
Equity 10/15€92k
Contributions / capital 10/11€8k
Reserves 13€75k
Accumulated profits (losses) 14€10k
Amounts payable 17/49€3.46M
Amounts payable within one year 42/48€3.46M
Trade debts payable within one year 44€3.15M
Income statement
Gross operating margin 9900€3.45M
Operating result 9901€14k
Financial charges 65€555
Result before taxes 9903€14k
Income taxes 67/77€4k
Net result for the period 9904€10k
Result to be appropriated 9905€10k
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.
Directors & mandates 2 directors
Current directors & mandates
  • Ümit Sari
    Director
    State Gazette act 22154469 (30-12-2022)
    Current
    01-10-2022 → present
Former directors (1)
  • Ugur Aktepe
    Director
    State Gazette act 22154469 (30-12-2022)
    Former
    - → 01-10-2022
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.
Legal Structure
NACE primary Algemene elektrotechnische installatiewerken(43211)
Legal form Private limited company(610)
Incorporation09-04-2018
StatusActive
Postal code1070
Establishment units 1 location
SAR
Bergense Steenweg 814A, 1070 AnderlechtBouw van water- en gasdistributienetten
since 20232.340.638.308
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.
21306C0130/00E000 Brussels 2,640 m² 1 · 1,480 m² 47.3 m · 14 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 9 events

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

2025
30-09-2025
NBB filing Annual accounts filed
fiscal year 2024 · verkort
2024
23-08-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
2023
20-11-2023
State Gazette act Registered-office change
30-09-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
2022
30-12-2022
State Gazette act Director changes
29-08-2022
NBB filing Annual accounts filed
fiscal year 2021 · micro
2021
03-09-2021
NBB filing Annual accounts filed
fiscal year 2020 · micro
2020
08-12-2020
NBB filing Annual accounts filed
fiscal year 2019 · micro
2019
05-09-2019
NBB filing Annual accounts filed
fiscal year 2018 · micro
Belgian State Gazette reading coverage 0 of 4 acts read

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 2 acts
Address history · 1
20-11-2023
Registered-office move
All acts · 2 updated 2 years ago
2023
20-11-2023 Registered office moved from Lokeren to Brussel Registered-office change
  • Oude Eksaardebaan 6 -9160 Lokeren → Chaussée de Mons 814A/107 te 1070 Brussel
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "siege_social",
      "new_address": {
        "raw": "Chauss\u00E9e de Mons 814A/107 te 1070 Brussel",
        "city": "Brussel",
        "region": "brussels_hoofdstedelijk_gewest",
        "street": "Chauss\u00E9e de Mons",
        "country": "BE",
        "postcode": "1070",
        "box_number": "107",
        "street_number": "814A",
        "locality_suffix": null
      },
      "old_address": {
        "raw": "Oude Eksaardebaan 6 -9160 Lokeren",
        "city": "Lokeren",
        "region": "vlaams_gewest",
        "street": "Oude Eksaardebaan",
        "country": "BE",
        "postcode": "9160",
        "box_number": null,
        "street_number": "6",
        "locality_suffix": null
      },
      "effective_date": "2023-10-12",
      "evidence_quote": "",
      "region_changed": true,
      "is_statute_change": true,
      "nationality_change": false,
      "old_address_source": "header_volledig_adres",
      "statute_clause_text": null,
      "statute_article_number": null,
      "effective_date_qualifier": "absolute",
      "statutaire_vs_werkelijke": "statutaire",
      "linguistic_region_changed": false,
      "court_jurisdiction_changed": true,
      "effective_date_is_approximate": false
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Gent",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2023-11-20",
    "filing_date": "2023-11-08",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "enige_bestuurder",
    "date": "2023-11-08",
    "unanimous": null
  },
  "subject_company": {
    "kbo": "0694.543.259",
    "name_full": "SAR",
    "legal_form": "BV",
    "_kbo_filled_from_list": true
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "\u00DCmit Sari",
    "org_rep_person_name": null,
    "person_role_at_subject": "Bestuurder"
  },
  "co_filed_documents": []
}
2022
30-12-2022 1 director appointed, 1 resigning Director changes
  • Ümit Sari, Bestuurder
  • Ugur Aktepe, Bestuurder
Technical details 
{
  "events": [
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Ugur Aktepe",
        "address": "Abtherbergstraat 22 te 2500 Lier",
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": "end_of_term",
      "subkind": "regular",
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": "2022-10-01",
      "evidence_quote": "Volgende bestuurder wordt ontslagen met ingang vanaf 1 oktober 2022: - Ugur Aktepe, wonende Abtherbergstraat 22 te 2500 Lier.",
      "decharge_status": "granted",
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    },
    {
      "kind": "decharge_granted",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Ugur Aktepe",
        "address": "Abtherbergstraat 22 te 2500 Lier",
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "regular",
      "via_org": null,
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      "compensated": null,
      "effective_date": null,
      "evidence_quote": "Hem wordt kwijting verleend voor de duur van zijn mandaat.",
      "decharge_status": "granted",
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "\u00DCmit Sari",
        "address": "Oude Eksaardebaan 6 te 9160 Lokeren",
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "regular",
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": "2022-10-01",
      "evidence_quote": "Volgende bestuurder wordt benoemd met ingang vanaf 1 oktober 2022: -\u00DCmit Sari, wonende Oude Eksaardebaan 6 te 9160 Lokeren.",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    },
    {
      "kind": "substantive_delegation",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Ugur Aktepe",
        "address": "Abtherbergstraat 22 te 2500 Lier",
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "regular",
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": "2022-10-01",
      "evidence_quote": "Ugur Aktepe draagt zijn 99 aandelen over aan \u00DCmit Sari met ingang vanaf 1 oktober 2022.",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    },
    {
      "kind": "substantive_delegation",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Cemil Aktepe",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "regular",
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": "2022-10-01",
      "evidence_quote": "Cemil Aktepe draagt zijn 1 aandeel over aan \u00DCmit Sari met ingang vanaf 1 oktober 2022.",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    },
    {
      "kind": "board_snapshot",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Ugur Aktepe",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "regular",
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "Ugur Aktepe\nOntslagnemend bestuurder",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "board_snapshot",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "\u00DCmit Sari",
        "address": null,
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      },
      "reason": null,
      "subkind": "regular",
      "via_org": null,
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      "compensated": null,
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      "evidence_quote": "\u00DCmit Sari\nBestuurder",
      "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": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": null,
    "filing_date": "2022-12-21",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "bijzondere_algemene_vergadering",
      "date": "2022-10-01",
      "unanimous": null
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0694.543.259",
    "name_full": "Fibution",
    "legal_form": "BV"
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}
Credit advice verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Activities
Bouw van civieltechnische werken voor elektriciteit en telecommunicatie42220Bouw van civieltechnische werken voor elektriciteit en telecommunicatie42220Elektrotechnische installatiewerken aan gebouwen43211Algemene elektrotechnische installatiewerken43211
Primary activity highlighted.
Names & trade names
Legal nameNL SAR
Registered office
Bergense Steenweg 814A bus 107
1070 Anderlecht, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative