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Generated 16-08-2026
Active BE 0889.942.039Private limited company (pre-2019)Open bankruptcy

SARI-PINAR

Piet Verhaertstraat 31 ·2020 Antwerpen, Belgium· 19 yrs active
Conclusion Checked

A bankruptcy procedure is open for SARI-PINAR according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €210k and a net result of €-4k.

Based on the State Gazette, CBE and 6 annual accounts.
Key figures
Equity €210k
Net result €-4k
Active 19 yrs
Board 1
Financial profile 5 of 5 axes measured · computed by Checked
Health10Profitability0Solvency100Growth50Stability0
32 / 100

Fragile profile, watch profitability in particular.

All 5 axes are computed from data Checked has read.

Health 10
Profitability 0
Solvency 100
Growth 50
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
50 / 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)
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 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 2023 · computed
10 / 100 Critical
050100
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.
Financial overview10 NBB filings
Annual accounts filed on 18-11-2024 with the NBB · fiscal year 2023 · micro
€-200k€0€200k€400kRevenue 2019: €442k€442kOperating result 2019: €28k€28kNet result 2019: €56k€56kRevenue 2020: €430k€430kOperating result 2020: €119k€119kNet result 2020: €178k€178kOperating result 2021: €15k€15kNet result 2021: €2k€2kOperating result 2022: €27k€27kNet result 2022: €-17k€-17kOperating result 2023: €-2k€-2kNet result 2023: €-4k€-4k20192020202120222023
RevenueOperating resultNet result
Revenue
€430k
-2.8% 18-23
EBITDA
€24k
-80.8% 18-23
Net profit
€-4k
+74.9% 18-23
Cash flow
€11k
-94.1% 18-23
Total assets
€261k
-0.7% 18-23
Equity
€210k
-2.0% 18-23
Working capital
€210k
-0.4% 18-23
Employees (FTE)
0
-100.0% 18-23
Show 15 other metrics
Staff costs
€91
- 18-23
Income taxes
€42k
+259.9% 18-23
Dividends
€0
- 18-23
Debt
€51k
+5.2% 18-23
Debt ≤ 1y
€51k
+5.2% 18-23
Debt > 1y
€5k
0.0% 18-23
Current ratio
5.14
-4.4% 18-23
Quick ratio
5.14
-4.4% 18-23
Solvency
80.5%
-1.3% 18-23
Debt / equity
0.24
+7.4% 18-23
ROE
-2.1%
+74.3% 18-23
ROA
-1.7%
+74.7% 18-23
Net margin
41.3%
+226.2% 18-23
EBITDA margin
29.7%
+244.5% 18-23
Interest coverage
12.38
- 18-23
Figures by fiscal year
Fiscal year2023
Depositmicro
Revenue-
EBITDA-
Net profit€-4k
Cash flow-
Staff costs-
Income taxes-
Dividends-
Total assets€261k
Equity€210k
Debt€51k
of which ≤ 1y€51k
of which > 1y-
Working capital€210k
Employees (FTE)-
Ratios (computed)
2023
Current ratio5.14
Quick ratio5.14
Working capital ratio80.5%
Solvency80.5%
Debt / equity0.24
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA-1.7%
ROE-2.1%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2023
Full annual accounts (17 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€261k
Current assets 29/58€261k
Amounts receivable within one year 40/41€257k
Cash & bank 54/58€4k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€261k
Equity 10/15€210k
Contributions / capital 10/11€19k
Reserves 13€34k
Accumulated profits (losses) 14€158k
Amounts payable 17/49€51k
Amounts payable within one year 42/48€51k
Income statement
Gross operating margin 9900€-1k
Operating result 9901€-2k
Financial charges 65€3k
Result before taxes 9903€-4k
Net result for the period 9904€-4k
Result to be appropriated 9905€-4k
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
  • Akpinar Hasan
    Manager
    State Gazette act 23148433 (22-11-2023)
    Current
    22-11-2023 → present
Former directors (1)
  • Ayriev Beysin
    Manager
    State Gazette act 23148433 (22-11-2023)
    Former
    - → 22-11-2023
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 ALEXANDRE BASTENIER
LEON STYNENSTRAAT 63, 2000 ANTWERPEN 1
 02-07-2026 → present Belgian State Gazette
Legal Structure
NACE primary -
Legal form Private limited company (pre-2019)(015)
Incorporation08-06-2007
StatusActive
Postal code2020
First BS signal 08-07-2026
Latest BS signal 08-07-2026
Establishment units 1 location
SARI-PINAR
Palinckstraat 53, 2100 AntwerpenVervaardiging van bakkerijproducten in de vorm van deeg
since 20082.171.894.039
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.

Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11343A0588/00E003 Flanders 267 m² 1 · 267 m² 10.0 m · 1 fl.
11809I2501/00R005 Flanders 161 m² 1 · 78 m² 7.0 m · 2 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 13 events

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

2026
08-07-2026
Bankruptcy Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · SARI-PINAR BVBA PIET VERHAERTSTRAAT 31, 2020 ANTWERPEN 2 · event 02-07-2026
2024
18-11-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
04-03-2024
NBB filing Annual accounts filed
fiscal year 2022 · verkort
2023
22-11-2023
State Gazette act Director changes
correction
04-05-2023
State Gazette act Registered-office change
08-03-2023
NBB filing Annual accounts filed
fiscal year 2021 · verkort
2022
08-03-2022
NBB filing Annual accounts filed
fiscal year 2020 · verkort
2020
24-11-2020
NBB filing Annual accounts filed
fiscal year 2019 · verkort
2019
29-10-2019
NBB filing Annual accounts filed
fiscal year 2018 · verkort
2018
08-07-2018
NBB filing Annual accounts filed
fiscal year 2017 · verkort
2017
24-06-2017
NBB filing Annual accounts filed
fiscal year 2016 · verkort
2016
29-11-2016
NBB filing Annual accounts filed
fiscal year 2015 · verkort
2015
08-06-2015
NBB filing Annual accounts filed
fiscal year 2014 · verkort
Lifecycle & Insolvency Signals1 events
08-07-2026
Bankruptcy Opening
Date: 02-07-2026 · Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · SARI-PINAR BVBA PIET VERHAERTSTRAAT 31, 2020 ANTWERPEN 2 · Publications in State Gazette ↗
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262026-07-08 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgian State Gazette reading coverage 0 of 11 acts read

We know of 11 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
04-05-2023
Registered-office move
All acts · 2 updated 2 years ago
2023
22-11-2023 1 director appointed, 1 resigning Director changescorrection
  • Akpinar Hasan, Zaakvoerder
  • Ayriev Beysin, Zaakvoerder
Technical details 
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  "events": [
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      "role": "zaakvoerder",
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      "reason": null,
      "subkind": null,
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    },
    {
      "kind": "director_out",
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    },
    {
      "kind": "decharge_granted",
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      "decharge_status": "granted",
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      "rep_rotation_new_rep": null,
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    },
    {
      "kind": "correction",
      "role": "zaakvoerder",
      "person": {
        "rrn": null,
        "name": "Akpinar Hasan",
        "address": null,
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        "profession": null,
        "birth_place": null
      },
      "reason": "rechtzetting",
      "subkind": "rectification",
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "Op de laatste biz. van Luik B vermelden:",
      "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": "2023-11-07",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "buitengewone_algemene_vergadering",
      "date": "2023-09-30",
      "unanimous": null
    }
  ],
  "is_correction": true,
  "subject_company": {
    "kbo": "0889.942.039",
    "name_full": "SARI-PINAR",
    "legal_form": "BVBA"
  },
  "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
}
04-05-2023 Registered office moved within Antwerpen Registered-office change
  • Sint Bernardsesteenweg 614, 2020 Antwerpen → Piet Verhaertstraat 31, 2020 Antwerpen
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "siege_social",
      "new_address": {
        "raw": "Piet Verhaertstraat 31, 2020 Antwerpen",
        "city": "Antwerpen",
        "region": "vlaams_gewest",
        "street": "Piet Verhaertstraat",
        "country": "BE",
        "postcode": "2020",
        "box_number": null,
        "street_number": "31",
        "locality_suffix": null
      },
      "old_address": {
        "raw": "Sint Bernardsesteenweg 614, 2020 Antwerpen",
        "city": "Antwerpen",
        "region": "vlaams_gewest",
        "street": "Sint Bernardsesteenweg",
        "country": "BE",
        "postcode": "2020",
        "box_number": null,
        "street_number": "614",
        "locality_suffix": null
      },
      "effective_date": null,
      "evidence_quote": "",
      "region_changed": false,
      "is_statute_change": true,
      "nationality_change": false,
      "old_address_source": "header_volledig_adres",
      "statute_clause_text": null,
      "statute_article_number": null,
      "effective_date_qualifier": "not_specified",
      "statutaire_vs_werkelijke": null,
      "linguistic_region_changed": false,
      "court_jurisdiction_changed": false,
      "effective_date_is_approximate": false
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Aatwerpen",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": null,
    "filing_date": "2023-04-21",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "buitengewone_algemene_vergadering",
    "date": "2022-11-30",
    "unanimous": null
  },
  "subject_company": {
    "kbo": "0889.942.039",
    "name_full": "SARI-PINAR",
    "legal_form": "BVB\u0410"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Ayriev Beysin",
    "org_rep_person_name": null,
    "person_role_at_subject": "Zaakvoerder"
  },
  "co_filed_documents": [
    "Annexes du-Moniteur belge"
  ]
}
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
Names & trade names
Legal nameNL SARI-PINAR
Registered office
Piet Verhaertstraat 31
2020 Antwerpen, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative