OPENING OF BANKRUPTCY

SAR

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Financial year 2024 · closed on 31/12/2024
Net result
10,2 k €
-88.4% YoY
Gross margin
3,4 M €
+279.1% YoY
Equity
92,3 k €
+12.4% YoY
Workforce
68,7 ETP

Company — Opening of bankruptcy.

Strike-off: 09 juin 2026

What does SAR do?

SAR is a Private limited company incorporated in 2018. Its main activity is: Construction of utility projects for electricity and telecommunications. Its registered office is in Anderlecht. It employs on average 68,7 ETP workers (FTE).

Legal situation
● Opening of bankruptcy
BCE/KBO no. / VAT
BE 0694.543.259
Incorporation
09/04/2018
Legal form
Private limited company
Registered office
Chaussée de Mons 814A box 107
1070 Anderlecht · BruxellesSee on map
Contributed capital
7 500,00 €
Latest accounts
31/12/2024
Average workforce
68,7 ETP
Activities (NACE)
42220Construction of utility projects for electricity and telecommunications· main42220Construction of utility projects for electricity and telecommunications43211Electrical installation43211Electrical installation
Signals
ProfitablePositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 7 financial years

2024202320222021202020192018
Income statement
Gross margin3,4 M €909,7 k €-95,5 €-631,5 €-1,1 k €-4,9 k €5,9 k €
EBITDA28 k €132,6 k €-95,5 €-631,5 €-1,4 k €-9,3 k €5,1 k €
Operating result14,4 k €123,2 k €-95,5 €-631,5 €-1,4 k €-12,1 k €2,6 k €
Net result10,2 k €87,5 k €-95,5 €-631,5 €-1,4 k €-12,3 k €1,6 k €
Balance sheet
Equity92,3 k €82,2 k €-5,3 k €-5,2 k €-4,6 k €-3,2 k €9,1 k €
Total assets3,6 M €577,7 k €––5,4 k €4,2 k €20,2 k €
Cash158,7 k €6,2 k €––––6,7 k €
Debts3,5 M €495,6 k €5,3 k €5,2 k €10 k €7,4 k €11,1 k €
Other
Workforce68,7 ETP––––––
Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 3 ended

Active mandates

umit Sari

Mandate

Active

Ended mandates

UGUR AKTEPE

Director · since 28 mars 2018

Ended
UGUR AKTEPE

Manager · since 28 mars 2018

Ended
UGUR AKTEPE

Manager

Ended
At this address

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ARAS● Bankrupt
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B.A.M. BOUWMAATSCHAPPIJ● Liquidation
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BEST SERVICE COTAN● Active
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BMT SOLUTIONS● Active
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CDT Construct● Active
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DECLIC MOVERS● Active
0544.340.244
DREJ● Active
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ETPA● Bankrupt
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ETS DAOUD● Active
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FEDECOR● Active
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FIVACO● Active
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GOMES & SALGADO● Active
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Annual accounts

Full financial information

202420232022202120202019
Type of accountAbridged modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202401/01/202301/01/202201/01/202101/01/202001/01/2019
Closing of the financial year31/12/202431/12/202331/12/202231/12/202131/12/202031/12/2019
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date30/09/202523/08/202430/09/202329/08/202203/09/202108/12/2020
General meeting29/09/202530/06/202430/06/202312/05/202213/05/202114/05/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

7 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202429/09/202530/09/2025DutchPDF
Micro model31/12/202330/06/202423/08/2024DutchPDF
Micro model31/12/202230/06/202330/09/2023DutchPDF
Micro model31/12/202112/05/202229/08/2022DutchPDF
Micro model31/12/202013/05/202103/09/2021DutchPDF
Micro model31/12/201914/05/202008/12/2020DutchPDF
Micro model31/12/201809/05/201905/09/2019DutchPDF
Estimate

Indicative valuation

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 3 ended

Active mandates

umit Sari

Mandate

Active

Ended mandates

UGUR AKTEPE

Director · since 28 mars 2018

Ended
UGUR AKTEPE

Manager · since 28 mars 2018

Ended
UGUR AKTEPE

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office20/11/2023
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates05/07/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates30/12/2022
    MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other11/04/2018
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2024
    Annual accounts 202410,2 k €↓
  2. 2023
    Annual accounts 202387,5 k €↑
  3. 2022
    Annual accounts 2022-95,5 €↑
  4. 2022
    Name changeSAR
  5. 2021
    Annual accounts 2021-631,5 €↑
  6. 2021
    Name changeFIBUTION
  7. 2020
    Annual accounts 2020-1,4 k €↑
  8. 2019
    Annual accounts 2019-12,3 k €↓
  9. 2018
    Annual accounts 20181,6 k €
  10. 09/04/2018
    IncorporationPrivate limited company