BZL

Active

Private limited companyfounded 20206 yrs activeHandelstraat 18, 2060 Antwerpen, BelgiumKBO/BCE: BE 0744.906.550

The computed 12-month bankruptcy probability of BZL is 5.2% (elevated). The 2024 annual accounts show equity of €11k and a net result of €-5k. Equity is shrinking by ~27.7% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 94% of 5650 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

27 / 100

Weak▼ -33 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0=

Solvency74▼-24

Growth32▼-26

Stability100

Bankruptcy probability, 12 months

5.2% Elevated

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days only on tighter terms

Liquidity short (current ratio 0.85 against 1.89 in 2023), and 22% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

6 signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 56

Relative position

BE, all sectors

reference

Sector 56

higher

← fewer bankruptcies more bankruptcies →

Young company

A young company has little track record yet and statistically fails more often than an established one.

KBO · incorporation date

Age against the risk zone

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

78%

Return on assets

-38.6%

Age of the figures

20 mo

Persistent losses

Two consecutive loss-making years (2023 and 2024); equity fell accordingly. May indicate structural pressure on profitability.

NBB · annual accounts 2024

Net result per financial year

222324

2022 to 2024 · latest year -€5k

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-06-2025, 33 days ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

not confirmed

2024

33 d early

2023

2 d late

2022

31 d early

2021

19 d early

2020

17 d early

← before the deadline after the deadline →

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

Financials · fiscal year 2024, micro schema

Equity

€11k▼ 33.1%

2023 · €16k

2022: €20k 2023: €16k

2022 → 2024

Total assets

€14k▼ 24.8%

2023 · €19k

2022: €22k 2023: €19k

2022 → 2024

Net result

€-5k▼ 49.0%

2023 · €-4k

2022: €-4k 2023: €-4k

2022 → 2024

Working capital

€-471

2023 · €2k

2022: €3k 2023: €2k

2022 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202220232024Trend

Equity€20k-€16k▼ 18.2%€11k▼ 33.1%

Operating result€-4k-€-4k▲ 8.3%€-5k▼ 54.0%

Net result€-4k-€-4k▲ 8.1%€-5k▼ 49.0%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €5k in 2024 against €4k in 2023; the loss grows and 2024 is the lowest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €14k

81.1%

18.9%

Fixed assets €11k▼ 18.5%

Current assets €3k▼ 39.6%

Equity and liabilities €14k

78.0%

22.0%

Equity €11k▼ 33.1%

Debt €3k▲ 34.5%

The debt ratio rises from 12.3% to 22.0%: debt grows while equity shrinks.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-3k▼

2023 · €-611

Cash flow

€-3k▼

2023 · €-731

Solvency

78.0%▼

2023 · 87.7%

Current ratio

0.85▼

2023 · 1.89

Quick ratio

0.85▼

2023 · 1.89

Debt / equity

0.28▲

2023 · 0.14

ROE

-49.5%▼

2023 · -22.2%

ROA

-38.6%▼

2023 · -19.5%

Interest coverage

-693.01▼

2023 · -5.09

Debt

€3k▲

2023 · €2k

Debt ≤ 1 year

€3k▲

2023 · €2k

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 · 2024

Balance sheet Code2024

Total assets 20/58€14k

Fixed assets 21/28€11k

Formation expenses 20€176

Tangible fixed assets 22/27€11k

Current assets 29/58€3k

Amounts receivable within one year 40/41€2k

Cash & bank 54/58€585

Total equity & liabilities 10/49€14k

Equity 10/15€11k

Contributions / capital 10/11€15k

Accumulated profits (losses) 14€-4k

Amounts payable 17/49€3k

Amounts payable within one year 42/48€3k

Trade debts payable within one year 44€798

Income statement Code2024

Gross operating margin 9900€-2k

Operating result 9901€-5k

Financial charges 65€4

Result before taxes 9903€-5k

Net result for the period 9904€-5k

Result to be appropriated 9905€-5k

This is the latest fiscal year. 2 prior years, with figures and ratios, belong to a paid plan. See plans →

Timeline · acts, filings and financial milestones

All 7Financial 1Gazette 1Filings 5

2025

27-08

State Gazette act Director changes

28-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Weakest financial yearnet €-5k

Net result drops to €-5k, the lowest in the series.

02-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 2 days late

2023

30-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

12-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

14-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

1 of 2 acts read

About the unread acts

Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one 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

2 directors, last change in 2025

Issam Bouzelmat

Director · since 30-06-2025

Current

30-06-2025 Issam Bouzelmat: Appointed as Director

30-06-2025 Azzouz Bouzelmat: Resigned as Director

Not every act has been read: a resignation may be missing here

1 of this company's 2 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.

Location & real-estate footprint

Registered office, Antwerpen · 1 establishment unit since 2020

approximate (street level) On OpenStreetMap

Ground area

94 m²

Building footprint

78 m²

Volume, LiDAR

857 m³

Parcel 11805E0441/00L015, Flanders · tallest building 15.1 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

BZL