SAREK
Open bankruptcyA bankruptcy procedure is open for SAREK according to publications in the Belgian State Gazette; curator: MAGALI MULLEBROUCK.
Summary
The 2023 annual accounts show equity of €363k and a net result of €31k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-09-2024, 61 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 confirmed
2024
not filed
2023
61 d late
2022
63 d late
2021
72 d late
2020
88 d late
2019
129 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Equity
€363k▼ 9.9%
2022 · €403k
2018: €253klowest in 6 years
2019: €318k▲ +25.4% vs 2018
2020: €393k▲ +23.8% vs 2019
2021: €428k▲ +9.0% vs 2020highest in 6 years
2022: €403k▼ -6.0% vs 2021
2023: €363k▼ -9.9% vs 2022
2018 → 2023
Total assets
€527k▼ 7.4%
2022 · €568k
2018: €372klowest in 6 years
2019: €417k▲ +12.3% vs 2018
2020: €461k▲ +10.5% vs 2019
2021: €531k▲ +15.2% vs 2020
2022: €568k▲ +7.0% vs 2021highest in 6 years
2023: €527k▼ -7.4% vs 2022
2018 → 2023
Net result
€31k▲ 4.9%
2022 · €30k
2018: €71k
2019: €64k▼ -9.5% vs 2018
2020: €76k▲ +17.7% vs 2019highest in 6 years
2021: €68k▼ -10.4% vs 2020
2022: €30k▼ -56.2% vs 2021lowest in 6 years
2023: €31k▲ +4.9% vs 2022
2018 → 2023
Working capital
€328k▼ 9.6%
2022 · €363k
2018: €248klowest in 6 years
2019: €311k▲ +25.1% vs 2018
2020: €385k▲ +23.8% vs 2019
2021: €418k▲ +8.6% vs 2020highest in 6 years
2022: €363k▼ -13.1% vs 2021
2023: €328k▼ -9.6% vs 2022
2018 → 2023
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€318k-€393k▲ 23.8%€428k▲ 9.0%€403k▼ 6.0%€363k▼ 9.9%
2019: €318klowest in 5 years
2020: €393k▲ +23.8% vs 2019
2021: €428k▲ +9.0% vs 2020highest in 5 years
2022: €403k▼ -6.0% vs 2021
2023: €363k▼ -9.9% vs 2022
Operating result€96k-€110k▲ 14.6%€99k▼ 10.1%€48k▼ 51.7%€51k▲ 6.6%
2019: €96k
2020: €110k▲ +14.6% vs 2019highest in 5 years
2021: €99k▼ -10.1% vs 2020
2022: €48k▼ -51.7% vs 2021lowest in 5 years
2023: €51k▲ +6.6% vs 2022
Net result€64k-€76k▲ 17.7%€68k▼ 10.4%€30k▼ 56.2%€31k▲ 4.9%
2019: €64k
2020: €76k▲ +17.7% vs 2019highest in 5 years
2021: €68k▼ -10.4% vs 2020
2022: €30k▼ -56.2% vs 2021lowest in 5 years
2023: €31k▲ +4.9% vs 2022
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2023; 2023 is 7% above 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €527k
Fixed assets
€44k ▼ 23.9%
Current assets
€482k ▼ 5.5%
Equity and liabilities €527k
Equity
€363k ▼ 9.9%
Debt
€164k ▼ 1.2%
Debt's share of the balance-sheet total rises from 29.1% to 31.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€65k▲
2022 · €61k
Cash flow
€45k▲
2022 · €43k
Current ratio
3.13▼
2022 · 3.47
Debt to equity
0.45▲
2022 · 0.41
ROE
8.6%▲
2022 · 7.4%
ROA
5.9%▲
2022 · 5.2%
Interest coverage
9.41▼
2022 · 12.61
Debt ≤ 1 year
€154k▲
2022 · €147k
Debt > 1 year
€10k▼
2022 · €18k
Income taxes
€13k▼
2022 · €13k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2023 against 2022 · 50 lines
Balance sheet
Code20222023
Assets
Total assets20/58€568k€527k▼
Fixed assets21/28€58k€44k▼
Tangible fixed assets22/27€54k€40k▼
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€49k€37k▼
Financial fixed assets28€5k€5k=
Current assets29/58€510k€482k▼
Amounts receivable within one year40/41€509k€481k▼
Trade receivables40€44k€37k▼
Other amounts receivable41€465k€444k▼
Cash at bank and in hand54/58€714€714=
Deferred charges and accrued income490/1€155€290▲
Equity and liabilities
Total equity and liabilities10/49€568k€527k▼
Equity10/15€403k€363k▼
Contributions10/11€19k€19k=
Reserves13€310k€270k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€308k€268k▼
Profit (loss) carried forward14€74k€74k=
Amounts payable17/49€166k€164k▼
Amounts payable after more than one year17€18k€10k▼
Financial debts170/4€18k€10k▼
Amounts payable within one year42/48€147k€154k▲
Current portion of amounts payable after more than one year42€9k€9k▲
Financial debts43€32k€43k▲
Credit institutions430/8€32k€43k▲
Trade debts44€2k€2k▲
Suppliers440/4€2k€2k▲
Advances received on contracts in progress46€4k-
Taxes, remuneration and social security45€47k€33k▼
Taxes450/3€47k€33k▼
Other amounts payable47/48€53k€67k▲
Income statement
Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€14k▲
Other operating charges640/8€349€245▼
Gross operating margin9900€61k€65k▲
Operating profit (loss)9901€48k€51k▲
Financial charges65/66B€5k€7k▲
Recurring financial charges65€5k€7k▲
Profit (loss) for the period before taxes9903€43k€44k▲
Income taxes67/77€13k€13k▼
Profit (loss) for the period9904€30k€31k▲
Profit (loss) for the period to be appropriated9905€30k€31k▲
Appropriation of the result
Profit (loss) to be appropriated9906€104k€105k▲
Profit (loss) brought forward from the previous period14P€74k€74k=
Transfer from equity791/2€55k€71k▲
Transfer to equity691/2€30k€31k▲
To other reserves6921€30k€31k▲
Profit to be distributed694/7€55k€71k▲
Return on contributions (dividend)694€55k€71k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €1k | €3k | €13k | €14k | ▲ 5.9% |
| Other operating charges640/8 | - | - | €5k | €349 | €245 | ▼ 29.7% |
| Gross operating margin9900 | €99k | €113k | €106k | €61k | €65k | ▲ 6.2% |
| Operating profit (loss)9901 | €96k | €110k | €99k | €48k | €51k | ▲ 6.6% |
| Financial income75/76B | - | - | €1 | - | - | - |
| Recurring financial income75 | €7 | €31 | €1 | - | - | - |
| Financial charges65/66B | - | - | €3k | €5k | €7k | ▲ 42.7% |
| Recurring financial charges65 | €5k | €3k | €3k | €5k | €7k | ▲ 42.7% |
| Profit (loss) for the period before taxes9903 | €91k | €107k | €96k | €43k | €44k | ▲ 2.5% |
| Income taxes67/77 | €27k | €31k | €28k | €13k | €13k | ▼ 2.8% |
| Profit (loss) for the period9904 | €64k | €76k | €68k | €30k | €31k | ▲ 4.9% |
| Profit (loss) for the period to be appropriated9905 | €64k | €76k | €68k | €30k | €31k | ▲ 4.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €417k | €461k | €531k | €568k | €527k | ▼ 7.4% |
| Fixed assets21/28 | €7k | €9k | €11k | €58k | €44k | ▼ 23.9% |
| Tangible fixed assets22/27 | €2k | €4k | €6k | €54k | €40k | ▼ 26.0% |
| Plant, machinery and equipment23 | - | - | €4k | €4k | €3k | ▼ 38.9% |
| Furniture and vehicles24 | - | - | €2k | €49k | €37k | ▼ 24.9% |
| Financial fixed assets28 | €5k | €5k | €5k | €5k | €5k | = |
| Current assets29/58 | €411k | €453k | €521k | €510k | €482k | ▼ 5.5% |
| Amounts receivable within one year40/41 | €409k | €449k | €468k | €509k | €481k | ▼ 5.5% |
| Trade receivables40 | - | - | €9k | €44k | €37k | ▼ 15.9% |
| Other amounts receivable41 | - | - | €460k | €465k | €444k | ▼ 4.5% |
| Cash at bank and in hand54/58 | €714 | €3k | €50k | €714 | €714 | = |
| Deferred charges and accrued income490/1 | - | - | €2k | €155 | €290 | ▲ 87.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €417k | €461k | €531k | €568k | €527k | ▼ 7.4% |
| Equity10/15 | €318k | €393k | €428k | €403k | €363k | ▼ 9.9% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €225k | €300k | €336k | €310k | €270k | ▼ 12.8% |
| Non-distributable reserves130/1 | - | - | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | - | €2k | €2k | €2k | = |
| Distributable reserves133 | - | - | €334k | €308k | €268k | ▼ 12.9% |
| Profit (loss) carried forward14 | €74k | €74k | €74k | €74k | €74k | = |
| Amounts payable17/49 | €100k | €68k | €103k | €166k | €164k | ▼ 1.2% |
| Amounts payable after more than one year17 | - | - | - | €18k | €10k | ▼ 47.8% |
| Financial debts170/4 | - | - | - | €18k | €10k | ▼ 47.8% |
| Amounts payable within one year42/48 | €100k | €68k | €103k | €147k | €154k | ▲ 4.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €9k | €9k | ▲ 0.9% |
| Financial debts43 | - | - | - | €32k | €43k | ▲ 32.6% |
| Credit institutions430/8 | - | - | - | €32k | €43k | ▲ 32.6% |
| Trade debts44 | €1k | €479 | €2k | €2k | €2k | ▲ 5.0% |
| Suppliers440/4 | - | - | €2k | €2k | €2k | ▲ 5.0% |
| Advances received on contracts in progress46 | - | - | - | €4k | - | - |
| Taxes, remuneration and social security45 | - | - | €71k | €47k | €33k | ▼ 31.0% |
| Taxes450/3 | - | - | €71k | €47k | €33k | ▼ 31.0% |
| Other amounts payable47/48 | - | - | €31k | €53k | €67k | ▲ 28.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €64k | €76k | €68k | €30k | €31k | ▲ 4.9% |
| + Depreciation and write-downs630 | €2k | €1k | €3k | €13k | €14k | ▲ 5.9% |
| Operating cash flow (approximation) | €66k | €77k | €70k | €43k | €45k | ▲ 5.2% |
| Investment in fixed assets (approximation) | - | €-3k | €-5k | €-60k | €0 | ▲ 100% |
| Change in cash | - | €2k | €48k | €-50k | €0 | ▲ 100% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
07-05
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Ieper · event 29-04-2025
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
02-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 63 days late
2022
31-12
Financial
Weakest financial yearnet €30k ▼56.2%
Net result drops to €30k, the lowest in the series.
11-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 72 days late
2021
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 88 days late
2020
31-12
Financial
Highest result since 2018net €76k ▲17.7%
Operating result €110k, net result €76k, both a record.
07-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 129 days late
2019
03-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 64 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
22-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 53 days late
06-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 310 days late
2015
30-09
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 61 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
4 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
Registered office, Vleteren · 1 establishment unit since 1996
Ground area
2,081 m²
Building footprint
177 m²
Volume, LiDAR
735 m³
Parcel 33031C0535/00B000, Flanders · tallest building 7.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
SAREK
since 19962.076.187.010
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33031C0535/00B000 | Flanders | 2,081 m² | 1 · 177 m² | 7.2 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | MAGALI MULLEBROUCK DIKSMUIDSEWEG 89,
8900 IEPER |
29-04-2025 → present |
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Of 16,879 companies in sector 62100 we hold annual accounts for 8,771. 5,940 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded04-04-1996
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
82100Office administrative and support services
Contact
E-mail
info@sarek.be
Phone
+32 (498) 160894Vleteren
Scores and ratios are computed by Checked and are not a credit decision.