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ALBIZZB

Open bankruptcy
Private limited company (pre-2019)founded 2014KBO/BCE: BE 0506.936.450
Summary

A bankruptcy procedure is open for ALBIZZB according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €34,674 and a net result of -€983.

Are you a creditor?

Open bankruptcy Source: Belgian Official Gazette

If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.

The procedure

Court
Enterprise Court of Antwerp, Hasselt division
Declared bankrupt
31 October 2024
Supervising judge
Kristof Emmers
Official Gazette
06-11-2024 (pdf) ↗search the document for 2024/142829

Curators

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.

Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.

File a claim in RegSol ↗ Watch Follow this bankruptcy: you are alerted when it is closed or reversed.

General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors

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Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Register: open bankruptcy
The KBO register records the legal situation: open bankruptcy. This is today's state according to the register itself; the register carries no start date.
KBO · legal situation
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 26-07-2024, 5 days ahead of the deadline.
NBB · 9 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
5 d early
2022
28 d early
2021
26 d late
2020
26 d late
2019
32 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 5 accounts on average 3 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 17 December 2014, ALBIZZB was incorporated.1 Total assets went from EUR 188,531 in 2018 to EUR 175,002 in 2023.2 The company was declared bankrupt on 31 October 2024.3

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2023
  3. 3Belgian State Gazette, 06-11-2024

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2023, abbreviated schema

Turnover
€20,400=
2019 · €20,400
EBIT margin
27.8%=
2019 · 27.8%
Net result
-€983▲ 58.6%
2022 · -€2,376
Working capital
-€140,326▼ 0.7%
2022 · -€139,342
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20192020202120222023
Turnover€20,400€20,400=
Operating result€5,676▲ 39.4%€5,668▼ 0.1%€5,087▼ 10.2%-€2,222-€588▲ 73.5%
Net result€3,250▲ 77.3%€3,532▲ 8.7%€3,408▼ 3.5%-€2,376-€983▲ 58.6%
EBIT margin27.8%27.8%=
Equity€31,094▲ 11.7%€34,626▲ 11.4%€38,034▲ 9.8%€35,658▼ 6.2%€34,674▼ 2.8%
Total assets€186,165▼ 1.3%€183,018▼ 1.7%€178,541▼ 2.4%€175,084▼ 1.9%€175,002=
Debt€155,071▼ 3.5%€148,392▼ 4.3%€140,508▼ 5.3%€139,427▼ 0.8%€140,328▲ 0.6%
Working capital-€120,919▼ 15.3%-€137,058▼ 13.3%-€135,306▲ 1.3%-€139,342▼ 3.0%-€140,326▼ 0.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
-€2,500€0€2,500€5,000Operating result 2019: €5,676€5,676Net result 2019: €3,250€3,250Operating result 2020: €5,668€5,668Net result 2020: €3,532€3,532Operating result 2021: €5,087€5,087Net result 2021: €3,408€3,408Operating result 2022: -€2,222-€2,222Net result 2022: -€2,376-€2,376Operating result 2023: -€588-€588Net result 2023: -€983-€98320192020202120222023-€4,000-€2,000€0€2,000€4,000€6,000Operating result 2021: €5,087€5,090Net result 2021: €3,408€3,410Operating result 2022: -€2,222-€2,220Net result 2022: -€2,376-€2,380Operating result 2023: -€588-€588Net result 2023: -€983-€983202120222023
The operating result stays negative: a loss of €588 in 2023 against €2,222 in 2022; the loss shrinks.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €175,002
Fixed assets €175,000 =
Current assets €2 ▼ 97.3%
Equity and liabilities €175,002
Equity €34,674 ▼ 2.8%
Debt €140,328 ▲ 0.6%
Debt's share of the balance-sheet total rises from 79.6% to 80.2%. Equity is lower and debt is higher.
Key figures and ratios
2023 value · change against 2022
Current ratio
0.00▼
2022 · 0.00
Debt to equity
4.05▲
2022 · 3.91
ROE
-2.8%▲
2022 · -6.7%
ROA
-0.6%▲
2022 · -1.4%
Debt ≤ 1 year
€140,328▲
2022 · €139,427
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2023 against 2022 · 32 lines
Balance sheet Code20222023
Assets
Total assets20/58€175,084€175,002=
Fixed assets21/28€175,000€175,000=
Financial fixed assets28€175,000€175,000=
Current assets29/58€84€2▼
Cash at bank and in hand54/58€84€2▼
Equity and liabilities
Total equity and liabilities10/49€175,084€175,002=
Equity10/15€35,658€34,674▼
Contributions10/11€18,600€18,600=
Reserves13€16,026€16,026=
Non-distributable reserves130/1€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860=
Distributable reserves133€14,166€14,166=
Profit (loss) carried forward14€1,032€48▼
Amounts payable17/49€139,427€140,328▲
Amounts payable within one year42/48€139,427€140,328▲
Trade debts44€857€527▼
Suppliers440/4€857€527▼
Taxes, remuneration and social security45€1,237€0▼
Taxes450/3€1,237€0▼
Other amounts payable47/48€137,333€139,801▲
Income statement Code20222023
Other operating charges640/8€485€492▲
Gross operating margin9900-€1,736-€97▲
Operating profit (loss)9901-€2,222-€588▲
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€155€395▲
Recurring financial charges65€155€395▲
Profit (loss) for the period before taxes9903-€2,376-€983▲
Profit (loss) for the period9904-€2,376-€983▲
Profit (loss) for the period to be appropriated9905-€2,376-€983▲
Appropriation of the result
Profit (loss) to be appropriated9906€1,032€48▼
Profit (loss) brought forward from the previous period14P€3,408€1,032▼

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20192020202120222023Change
Turnover70€20,400€20,400----
Other operating charges640/8--€483€485€492▲ 1.3%
Gross operating margin9900€6,158€6,150€5,570-€1,736-€97▲ 94.4%
Operating profit (loss)9901€5,676€5,668€5,087-€2,222-€588▲ 73.5%
Financial income75/76B---€0€0▼ 100%
Recurring financial income75---€0€0▼ 100%
Financial charges65/66B--€442€155€395▲ 155%
Recurring financial charges65€1,185€811€442€155€395▲ 155%
Profit (loss) for the period before taxes9903€4,491€4,856€4,645-€2,376-€983▲ 58.6%
Income taxes67/77€1,241€1,324€1,237---
Profit (loss) for the period9904€3,250€3,532€3,408-€2,376-€983▲ 58.6%
Profit (loss) for the period to be appropriated9905€3,250€3,532€3,408-€2,376-€983▲ 58.6%
Line20192020202120222023Change
Assets
Total assets20/58€186,165€183,018€178,541€175,084€175,002=
Fixed assets21/28€175,000€175,000€175,000€175,000€175,000=
Financial fixed assets28€175,000€175,000€175,000€175,000€175,000=
Current assets29/58€11,165€8,018€3,541€84€2▼ 97.3%
Amounts receivable within one year40/41€3,659€2,057----
Cash at bank and in hand54/58€7,506€5,961€3,541€84€2▼ 97.3%
Equity and liabilities
Total equity and liabilities10/49€186,165€183,018€178,541€175,084€175,002=
Equity10/15€31,094€34,626€38,034€35,658€34,674▼ 2.8%
Contributions10/11€18,600-€18,600€18,600€18,600=
Reserves13€12,494€16,026€16,026€16,026€16,026=
Non-distributable reserves130/1--€1,860€1,860€1,860=
Reserves not available under the articles1311--€1,860€1,860€1,860=
Distributable reserves133--€14,166€14,166€14,166=
Profit (loss) carried forward14--€3,408€1,032€48▼ 95.3%
Amounts payable17/49€155,071€148,392€140,508€139,427€140,328▲ 0.6%
Amounts payable after more than one year17€21,327€1,657----
Amounts payable within one year42/48€132,084€145,075€138,848€139,427€140,328▲ 0.6%
Current portion of amounts payable after more than one year42--€1,657---
Trade debts44-€739-€857€527▼ 38.5%
Suppliers440/4---€857€527▼ 38.5%
Taxes, remuneration and social security45--€1,237€1,237€0▼ 100%
Taxes450/3--€1,237€1,237€0▼ 100%
Other amounts payable47/48--€135,954€137,333€139,801▲ 1.8%
Accrued charges and deferred income492/3--€1,660---
Line20192020202120222023Change
Profit (loss) for the period9904€3,250€3,532€3,408-€2,376-€983▲ 58.6%
Operating cash flow (approximation)€3,250€3,532€3,408-€2,376-€983▲ 58.6%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash--€1,545-€2,419-€3,457-€82▲ 97.6%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

2024
06-11
Bankruptcy Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 31-10-2024
26-07
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
03-07
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial Weakest financial yearnet -€2,376
Net result drops to -€2,376, the lowest in the series.
26-08
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema · 26 days late
2021
26-08
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema · 26 days late
2020
31-12
Financial Highest result since 2018net €3,532 ▲8.7%
Net result €3,532, the highest in the series.
29-06
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
05-08
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema · 5 days late
2018
07-08
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema · 7 days late
2017
29-08
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
2016
25-08
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 25 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors
1 act for this company is 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, Riemst · 1 establishment unit since 2014
seat establishment The establishment unit on the map
Ground area
649 m²
Building footprint
122 m²
Volume, LiDAR
496 m³
Parcel 73102C0492/00A002, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ALBIZZB
Financial service activities, except insurance and pension funding
since 20142.237.406.453
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
73102C0492/00A002 Flanders 649 m² 1 · 122 m² 9.3 m · 2 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

3 mandates
Role Name Tenure
Curator DIRK VAN COPPENOLLE
GENKERSTEENWEG 302, 3500 HASSELT
31-10-2024 → present
Curator FREDERICK VAN COPPE- NOLLE
GENKERSTEENWEG 302, 3500 HASSELT- frederick@van- coppenolle.be
31-10-2024 → present
Curator SOFIE REPRIELS
GENKERSTEENWEG 302, 3500 HASSELT
31-10-2024 → present

Structure & network

Owners and holdings

1 holding

Owners 0

The accounts to 31-12-2023 list no shareholders, and no other source names one.

Holdings 1

According to the 2023 annual accounts of ALBIZZB and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded17-12-2014
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.