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Complete company report
Generated 05-07-2026
Active BE 0659.722.041Public limited companyOpen bankruptcy

Blue Zones

Steenweg op Turnhout 106 ·2360 Oud-Turnhout, Belgium· 9 yrs active
Sector: Financial services (64310)
Conclusion Checked

A bankruptcy procedure is open for Blue Zones according to publications in the Belgian State Gazette. The 2020 annual accounts show equity of €40.12M and a net result of €-879k.

Based on the State Gazette, CBE and 2 annual accounts.
Key figures
Equity €40.12M
Net result €-879k
Active 9 yrs
Locations 1
Snowflake analysis 5 axes · computed by Checked
Health0Profitability0Solvency73Growth32Stability0
21 / 100

Fragile profile — watch health in particular.

Health 0
Profitability 0
Solvency 73
Growth 32
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 risk
Components
· Open bankruptcy (+50)
Trust signals 1 signals
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags 0 events
No administrative flags
Health barometer
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios — and hence the score — carry no meaning here.
Financial overview6 NBB filings
Annual accounts filed on 26-07-2022 with the NBB · fiscal year 2021 · volledig
The figures below are the statutory (non-consolidated) annual accounts. This company also files consolidated accounts; the group figures can differ substantially.
€-1.00M€-750k€-500k€-250k€0Operating result 2018: €20k€20kNet result 2018: €5k€5kOperating result 2020: €24k€24kNet result 2020: €-879k€-879k20182020
Operating resultNet result
Net profit
€-879k
— far below sector median
Total assets
€84.10M
+13.8% far above sector median
Equity
€40.12M
-2.2% far above sector median
Income taxes
€4k
+169.8% -80% vs sector
Debt
€43.98M
+33.7% far above sector median
Debt ≤ 1y
€41.81M
+93.8% far above sector median
Debt > 1y
€2.07M
-81.6% far above sector median
Solvency
47.7%
-14.0% -50% vs sector
ROE
-2.2%
— far below sector median
ROA
-1.0%
— -280% vs sector
Figures by fiscal year
Fiscal year2020
Revenuen/a
EBITDAn/a
Net profit€-879k
Cash flown/a
Staff costs—
Income taxes€4k
Dividends—
Total assets€84.10M
Equity€40.12M
Debt€43.98M
of which ≤ 1y€41.81M
of which > 1y€2.07M
Working capitaln/a
Employees (FTE)—
Ratios (computed)
2020
Current ration/a
Quick ration/a
Working capital ration/a
Solvency47.7%
Debt / equityn/a
Long-term debt ration/a
Interest coveragen/a
Gross marginn/a
Net marginn/a
ROA-1.0%
ROE-2.2%
EBITDA marginn/a
Days sales outstandingn/a
Days payable outstandingn/a
Inventory turnovern/a
Days inventory (DSI)n/a
Balance-sheet composition 2020
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2020
Balance sheet — Assets
TOTAL ASSETS 20/58€84.10M
Fixed assets 21/28€48.20M
Formation expenses 20€3k
Intangible fixed assets 21€32k
Financial fixed assets 28€48.17M
Current assets 29/58€35.89M
Amounts receivable within one year 40/41€35.89M
Cash & bank 54/58€4k
Balance sheet — Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€84.10M
Equity 10/15€40.12M
Contributions / capital 10/11€41.00M
Reserves 13€776
Accumulated profits (losses) 14€-879k
Amounts payable 17/49€43.98M
Amounts payable after one year 17€2.07M
Amounts payable within one year 42/48€41.81M
Trade debts payable within one year 44€179k
Income statement
Operating result 9901€24k
Financial income 75€1.46M
Financial charges 65€2.37M
Result before taxes 9903€-891k
Income taxes 67/77€4k
Net result for the period 9904€-894k
Result to be appropriated 9905€-894k
You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates1 person
Role Name Tenure Source
Curator KRISTIAAN CALUWAERTS
POTVLIETLAAN 4, 2600 01 ANTWERPEN/BERCHEM
 27-07-2023 → present Belgian State Gazette
Legal Structure
NACE primary Financial services(64310)
Legal form Public limited company(014)
Incorporation15-07-2016
StatusActive
Postal code2360
First BS signal 19-09-2023
Latest BS signal 19-09-2023
Company structure — linked entities1 linked entities
Blue ZonesBE 0659.722.041KRISTIAAN CALUWAERTSReceiver
Mandates
Establishment units 1 location
Blue Zones
Steenweg op Turnhout 106, 2360 Oud-TurnhoutHoldings
since 20162.258.808.712
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 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
13031C0822/00Y000 Flanders 1,274 m² 1 · 349 m² 11.0 m · 3 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data — this is not proof of ownership.
Updates 8 events

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

2023
19-09-2023
Bankruptcy Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · BLUE ZONES NV STEENWEG OP TURNHOUT 106, 2360 OUD-TURNHOUT · event 27-07-2023
12-01-2023
State Gazette act Capital & shares
Tuur Kennis
2022
26-07-2022
NBB filing Annual accounts filed
fiscal year 2021 · volledig
2021
30-12-2021
NBB filing Annual accounts filed
fiscal year 2020 · consolidatie
07-06-2021
NBB filing Annual accounts filed
fiscal year 2020 · volledig
2020
27-06-2020
NBB filing Annual accounts filed
fiscal year 2019 · volledig
2019
04-07-2019
NBB filing Annual accounts filed
fiscal year 2018 · verkort
2018
25-06-2018
NBB filing Annual accounts filed
fiscal year 2017 · verkort
Lifecycle & Insolvency Signals 1 events
19-09-2023
Bankruptcy Opening
Date: 27-07-2023 · Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · BLUE ZONES NV STEENWEG OP TURNHOUT 106, 2360 OUD-TURNHOUT · Publications in State Gazette ↗
Time machine — BS events + macro context 2021 — 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262023-09-19 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023–2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad — acts 1 acts
Capital history · 1
12-01-2023
Capital change
All acts · 1 updated 3 years ago
2023
12-01-2023 Capital decrease of €24,000,000 to €17,000,000 Capital & shares·Tuur Kennis
  • €41.000.000 → €17.000.000
  • 3 kapitaalbewegingen in deze akte
Notary: Tuur Kennis · Oud-Turnhout
Technical details 
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  "notary": {
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    "firm_city": null,
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  "act_meta": {
    "language": "nl",
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    "filing_date": "2023-01-10",
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  },
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    "unanimous": true,
    "under_authorized_capital": false,
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  "bedrijfsrevisor": {
    "waived": false,
    "firm_kbo": "0859.596.677",
    "firm_name": "BV VYVEY \u0026 C\u00B0, BEDRIJFSREVISOREN",
    "ibr_number": null,
    "mission_type": "apport_nature",
    "individual_name": "Steven Vyvey"
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  "subject_company": {
    "kbo": "0659.722.041",
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    "is_foreign_registered": false
  },
  "publication_proxy": {
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  "co_filed_documents": [
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  "shareholders_after": [],
  "share_classes_after": [
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      "n_shares": 500410000,
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}
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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Company registry (CBE) Crossroads Bank
Activities
Beleggingstrusts en -fondsen en vergelijkbare financiële instellingen64300Activiteiten van geldmarkt- en niet-geldmarktbeleggingsfondsen64310Lease van intellectuele eigendom en vergelijkbare producten, met uitzondering van werken onder auteursrecht77400Lease van intellectuele eigendom en vergelijkbare producten, met uitzondering van werken onder auteursrecht77400
Primary activity highlighted.
Names & trade names
Legal nameNL Blue Zones
Registered office
Steenweg op Turnhout 106
2360 Oud-Turnhout, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative