BZ GROUP
InactiveBZ GROUP was declared bankrupt on 24-12-2024 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 14-10-2025, published in the Belgian State Gazette on 21-10-2025.
No longer registered with the KBO; last annual accounts for fiscal year 2021.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline21-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 15-10-2022, 76 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
76 d late
2020
66 d late
2019
25 d late
← before the deadline
after the deadline →
Financials · fiscal year 2021, micro schema
Equity
€9k
2020 · €-4k
2018: €-10k
2019: €-10k
2020: €-4k
2018 → 2021
Total assets
€29k▲ 704%
2020 · €4k
2018: €0
2019: €706
2020: €4k
2018 → 2021
Net result
€14k▲ 169%
2020 · €5k
2018: €-926
2019: €741
2020: €5k
2018 → 2021
Working capital
€9k
2020 · €-4k
2018: €-10k
2019: €-10k
2020: €-4k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€-10k-€-10k▲ 7.2%€-4k▲ 53.9%€9k
Operating result€-889-€973€5k▲ 417%€14k▲ 180%
Net result€-926-€741€5k▲ 594%€14k▲ 169%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2021 is 180% above 2020 and is the highest result in the available series.
Balance-sheet composition
Equity and liabilities €29k
Equity
€9k
Debt
€20k
Debt finances 67.9% of the balance-sheet total.
Key figures and ratios
Solvency
32.1%
Current ratio
1.47
Quick ratio
1.47
Debt / equity
2.12
ROE
146.6%
ROA
47.1%
Debt
€20k▲
2020 · €8k
Debt ≤ 1 year
€20k▲
2020 · €8k
Income taxes
€5
Staff costs
€9k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€4k€29k▲
Current assets29/58€4k€29k▲
Amounts receivable within one year40/41€2k€29k▲
Trade receivables40-€923
Other amounts receivable41-€28k
Cash at bank and in hand54/58€2k€388▼
Equity and liabilities
Total equity and liabilities10/49€4k€29k▲
Equity10/15€-4k€9k▲
Contributions10/11-€19k
Reserves13€1k€1k=
Non-distributable reserves130/1-€1k
Reserves not available under the articles1311-€1k
Profit (loss) carried forward14€-24k€-10k▲
Amounts payable17/49€8k€20k▲
Amounts payable within one year42/48€8k€20k▲
Current portion of amounts payable after more than one year42-€14k
Trade debts44€2k€5k▲
Suppliers440/4-€5k
Taxes, remuneration and social security45-€604
Taxes450/3-€604
Income statement
Code20202021
Remuneration, social security and pensions62-€9k
Gross operating margin9900€5k€23k▲
Operating profit (loss)9901€5k€14k▲
Financial income75/76B-€4
Recurring financial income75€252€4▼
Financial charges65/66B-€241
Recurring financial charges65€142€241▲
Profit (loss) for the period before taxes9903€5k€14k▲
Income taxes67/77-€5
Profit (loss) for the period9904€5k€14k▲
Profit (loss) for the period to be appropriated9905€5k€14k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€-10k
Profit (loss) brought forward from the previous period14P-€-24k
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
21-10
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · BZ GROUP BV LINDESTRAAT 109/1, 1640 SINT-GENESIUS-RODE · event 14-10-2025
2024
31-12
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · BZ GROUP BV LINDE- STRAAT 109/1, 1640 SINT-GENESIUS-RODE · event 24-12-2024
2022
15-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 76 days late
2021
31-12
Financial
Highest result since 2018net €14k ▲169%
Operating result €14k, net result €14k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 1.47
Current ratio from 0.45 to 1.47.
05-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 66 days late
2020
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
2019
31-12
Financial
Back to profitnet €741
Net result €741 after one loss-making year.
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 382 days late
16-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 16 days late
03-05
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 641 days late
2014
27-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 27 days late
2013
29-08
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 29 days late
2012
30-08
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 30 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
12 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
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | STEVEN VERBEKE LAKENSESTRAAT 154 B11,
1000 BRUSSEL 1 |
24-12-2024 → present |