BAZ CONCEPT
Open bankruptcyA bankruptcy procedure is open for BAZ CONCEPT according to publications in the Belgian State Gazette; curator: LOUIS WOUTERS.
Summary
The 2022 annual accounts show equity of €65k and a net result of €-49k.
Signals
Two signals.
+raises risk
Checked, nothing found (1)
Financials · fiscal year 2022, micro schema
Equity
€65k▼ 43.2%
2021 · €114k
2020: €-836lowest in 3 years
2021: €114k▲ +13756% vs 2020highest in 3 years
2022: €65k▼ -43.2% vs 2021
2020 → 2022
Total assets
€94k▼ 32.2%
2021 · €139k
2020: €6klowest in 3 years
2021: €139k▲ +2213% vs 2020highest in 3 years
2022: €94k▼ -32.2% vs 2021
2020 → 2022
Net result
€-49k
2021 · €115k
2020: €-7k
2021: €115k▲ +1783% vs 2020highest in 3 years
2022: €-49k▼ -143% vs 2021lowest in 3 years
2020 → 2022
Working capital
€52k▼ 54.6%
2021 · €114k
2020: €-836lowest in 3 years
2021: €114k▲ +13756% vs 2020highest in 3 years
2022: €52k▼ -54.6% vs 2021
2020 → 2022
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202020212022Trend
Equity€-836-€114k€65k▼ 43.2%
2020: €-836lowest in 3 years
2021: €114k▲ +13756% vs 2020highest in 3 years
2022: €65k▼ -43.2% vs 2021
Operating result€-7k-€115k€-49k
2020: €-7k
2021: €115k▲ +1786% vs 2020highest in 3 years
2022: €-49k▼ -143% vs 2021lowest in 3 years
Net result€-7k-€115k€-49k
2020: €-7k
2021: €115k▲ +1783% vs 2020highest in 3 years
2022: €-49k▼ -143% vs 2021lowest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2022: a loss of €49k after €115k in 2021, the lowest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €94k
Fixed assets
€13k
Current assets
€81k
Equity and liabilities €94k
Equity
€65k ▼ 43.2%
Debt
€29k ▲ 19.0%
Debt's share of the balance-sheet total rises from 17.7% to 31.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-46k
Cash flow
€-46k
Current ratio
2.77▼
2021 · 5.65
Debt to equity
0.45▲
2021 · 0.21
ROE
-75.9%▼
2021 · 100.7%
ROA
-52.3%▼
2021 · 82.9%
Interest coverage
-362.18
Debt ≤ 1 year
€29k▲
2021 · €25k
Staff costs
€39k▲
2021 · €29k
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 · 2022 against 2021 · 33 lines
Balance sheet
Code20212022
Assets
Total assets20/58€139k€94k▼
Fixed assets21/28-€13k
Tangible fixed assets22/27-€13k
Furniture and vehicles24-€13k
Current assets29/58€139k€81k▼
Amounts receivable within one year40/41€94k€74k▼
Trade receivables40€91k€62k▼
Other amounts receivable41€3k€11k▲
Cash at bank and in hand54/58€44k€7k▼
Deferred charges and accrued income490/1€151€151=
Equity and liabilities
Total equity and liabilities10/49€139k€94k▼
Equity10/15€114k€65k▼
Contributions10/11€6k€6k=
Profit (loss) carried forward14€108k€59k▼
Amounts payable17/49€25k€29k▲
Amounts payable within one year42/48€25k€29k▲
Trade debts44€4k€933▼
Suppliers440/4€4k€933▼
Taxes, remuneration and social security45€20k€28k▲
Taxes450/3-€2
Remuneration and social security454/9€20k€28k▲
Income statement
Code20212022
Remuneration, social security and pensions62€29k€39k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€3k
Other operating charges640/8-€102
Gross operating margin9900€144k€-7k▼
Operating profit (loss)9901€115k€-49k▼
Financial charges65/66B€193€128▼
Recurring financial charges65€193€128▼
Profit (loss) for the period before taxes9903€115k€-49k▼
Profit (loss) for the period9904€115k€-49k▼
Profit (loss) for the period to be appropriated9905€115k€-49k▼
Appropriation of the result
Profit (loss) to be appropriated9906€108k€59k▼
Profit (loss) brought forward from the previous period14P€-7k€108k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €29k | €39k | ▲ 35.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €3k | - |
| Other operating charges640/8 | - | - | €102 | - |
| Gross operating margin9900 | €-7k | €144k | €-7k | ▼ 105% |
| Operating profit (loss)9901 | €-7k | €115k | €-49k | ▼ 143% |
| Financial charges65/66B | - | €193 | €128 | ▼ 33.8% |
| Recurring financial charges65 | €1 | €193 | €128 | ▼ 33.8% |
| Profit (loss) for the period before taxes9903 | €-7k | €115k | €-49k | ▼ 143% |
| Profit (loss) for the period9904 | €-7k | €115k | €-49k | ▼ 143% |
| Profit (loss) for the period to be appropriated9905 | €-7k | €115k | €-49k | ▼ 143% |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €6k | €139k | €94k | ▼ 32.2% |
| Fixed assets21/28 | - | - | €13k | - |
| Tangible fixed assets22/27 | - | - | €13k | - |
| Furniture and vehicles24 | - | - | €13k | - |
| Current assets29/58 | €6k | €139k | €81k | ▼ 41.6% |
| Amounts receivable within one year40/41 | - | €94k | €74k | ▼ 22.1% |
| Trade receivables40 | - | €91k | €62k | ▼ 31.9% |
| Other amounts receivable41 | - | €3k | €11k | ▲ 271% |
| Cash at bank and in hand54/58 | €6k | €44k | €7k | ▼ 83.5% |
| Deferred charges and accrued income490/1 | - | €151 | €151 | = |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €6k | €139k | €94k | ▼ 32.2% |
| Equity10/15 | €-836 | €114k | €65k | ▼ 43.2% |
| Contributions10/11 | - | €6k | €6k | = |
| Profit (loss) carried forward14 | €-7k | €108k | €59k | ▼ 45.5% |
| Amounts payable17/49 | €7k | €25k | €29k | ▲ 19.0% |
| Amounts payable within one year42/48 | €7k | €25k | €29k | ▲ 19.0% |
| Trade debts44 | €835 | €4k | €933 | ▼ 79.2% |
| Suppliers440/4 | - | €4k | €933 | ▼ 79.2% |
| Taxes, remuneration and social security45 | - | €20k | €28k | ▲ 40.9% |
| Taxes450/3 | - | - | €2 | - |
| Remuneration and social security454/9 | - | €20k | €28k | ▲ 40.9% |
| Line | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-7k | €115k | €-49k | ▼ 143% |
| + Depreciation and write-downs630 | - | - | €3k | - |
| Operating cash flow (approximation) | €-7k | €115k | €-46k | ▼ 140% |
| Change in cash | - | €38k | €-37k | ▼ 197% |
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
24-03
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 18-03-2025
15-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 534 days late
2022
31-12
Financial
Weakest financial yearnet €-49k
Net result drops to €-49k, the lowest in the series.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-12
Financial
Back to profitnet €115k
Net result €115k after one loss-making year.
31-12
Financial
Liquidity times 6current ratio 5.65
Current ratio from 0.88 to 5.65.
31-12
Financial
Equity above €100kEq €114k
Equity rises from €-836 to €114k.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has 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
3 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, Antwerpen · 1 establishment unit since 2020
Ground area
110 m²
Building footprint
83 m²
Volume, LiDAR
645 m³
Parcel 11019B0044/00N000, Flanders · tallest building 12.3 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
BAZ CONCEPT
since 20202.309.450.432
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11019B0044/00N000 | Flanders | 110 m² | 1 · 83 m² | 12.3 m · 3 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 | LOUIS WOUTERS JAN VAN RIJSWIJCKLAAN 1-3,
2018 ANTWERPEN 1 |
18-03-2025 → present |
Identification & contact
Identification
Legal formPrivate limited company
Founded27-07-2020
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.