DE ZOTTE MORGEN
The computed 12-month bankruptcy probability of DE ZOTTE MORGEN is 2.4% (moderate). The 2025 annual accounts show equity of €15k and a net result of €-36k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 61% of 6723 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €15k |
| Net result | €-36k |
| Staff (FTE) | 8.2 |
| Better than sector | 61% |
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 31.7% | 20.4% | |
| Net result | €-6k | €4k | |
| Equity | €50k | €16k | |
| Gross operating margin | €134k | €24k | |
| Staff costs | €100k | €33k |
Figures by fiscal year and ratios
| Fiscal year | 2025 |
|---|---|
| Deposit | micro schema |
| Revenue | - |
| EBITDA | €3k |
| Net profit | €-36k |
| Cash flow | €-769 |
| Staff costs | €149k |
| Income taxes | - |
| Dividends | - |
| Total assets | €129k |
| Equity | €15k |
| Debt | €114k |
| of which ≤ 1y | €95k |
| of which > 1y | €19k |
| Working capital | €-55k |
| Employees (FTE) | 8.2 |
| 2025 | |
|---|---|
| Current ratio | 0.42 |
| Quick ratio | 0.39 |
| Working capital ratio | -42.9% |
| Solvency | 11.5% |
| Debt / equity | 7.72 |
| Long-term debt ratio | 1.26 |
| Interest coverage | 0.77 |
| Gross margin | - |
| Net margin | - |
| ROA | -27.7% |
| ROE | -241.9% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (25 line items)
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €129k |
| Fixed assets | 21/28 | €88k |
| Intangible fixed assets | 21 | €2k |
| Tangible fixed assets | 22/27 | €83k |
| Financial fixed assets | 28 | €3k |
| Current assets | 29/58 | €40k |
| Stocks & contracts in progress | 3 | €3k |
| Amounts receivable within one year | 40/41 | €16k |
| Cash & bank | 54/58 | €19k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €129k |
| Equity | 10/15 | €15k |
| Contributions / capital | 10/11 | €10k |
| Reserves | 13 | €46k |
| Accumulated profits (losses) | 14 | €-42k |
| Amounts payable | 17/49 | €114k |
| Amounts payable after one year | 17 | €19k |
| Amounts payable within one year | 42/48 | €95k |
| Trade debts payable within one year | 44 | €547 |
| Income statement | ||
| Gross operating margin | 9900 | €154k |
| Operating result | 9901 | €-32k |
| Financial income | 75 | €204 |
| Financial charges | 65 | €4k |
| Result before taxes | 9903 | €-36k |
| Net result for the period | 9904 | €-36k |
| Result to be appropriated | 9905 | €-36k |
Former directors (1)
-
VANDEWALLE PhilippeDirectorState Gazette act 25025105 (24-02-2025)Former- → 11-12-2024
| NACE primary | Detailhandel in brood en banketbakkerswerk (koude bakkers)(47241) |
| Legal form | Private limited company(610) |
| Incorporation | 29-01-2021 |
| Status | Active |
| Postal code | 2800 |
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.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12025B0084/00R000 | Flanders | 226 m² | - | - |
31-08-2026 NBB filing Annual accounts filed
29-08-2025 NBB filing Annual accounts filed
24-02-2025 State Gazette act Director changes
30-08-2024 NBB filing Annual accounts filed
30-09-2023 NBB filing Annual accounts filed
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.
24-02-2025 Mandate of VANDEWALLE Philippe as director expired
- VANDEWALLE Philippe, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "VANDEWALLE Philippe",
"address": "Voochtstraat 25 - 2800 Mechelen",
"birth_date": "1982-06-05",
"profession": null,
"birth_place": "Lier"
},
"reason": "end_of_term",
"subkind": null,
"via_org": null,
"statutory": "niet_statutair",
"compensated": null,
"effective_date": "2024-12-11",
"evidence_quote": "De vergadering neemt kennis van het ontslag als niet-statutair bestuurder, aangeboden door de volgende personen, en dit vanaf 11/12/2024: - de heer VANDEWALLE Philippe, geboren te Lier op 05/06/1982, wonende te Voochtstraat 25 - 2800 Mechelen",
"decharge_status": "granted",
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": "immediate"
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": "Antwerpen",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2025-02-24",
"filing_date": null,
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [],
"is_correction": false,
"subject_company": {
"kbo": "0762.660.322",
"name_full": "De Zotte Morgen",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "none",
"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [],
"corrected_publication_numac": null
}| Legal nameNL | DE ZOTTE MORGEN |