EU ZAR
InactiveEU ZAR was declared bankrupt on 03-06-2024 (Ondernemingsrechtbank Antwerpen, afdeling Mechelen); the bankruptcy was closed for insufficient assets by judgment of 08-09-2025, published in the Belgian State Gazette on 12-09-2025.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three 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 · 3 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline27-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 28-07-2022, 3 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
3 d early
2020
199 d late
2019
208 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 135 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2021, micro schema
Turnover
€28,102▲ 54.5%
2020 · €18,194
EBIT margin
-35.6%▼ 11.6pp
2020 · -24.0%
Net result
-€10,203▼ 134%
2020 · -€4,370
Working capital
-€23,158▼ 78.8%
2020 · -€12,955
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201920202021
Turnover€23,956-€18,194▼ 24.1%€28,102▲ 54.5%
Operating result-€14,777--€4,370▲ 70.4%-€10,015▼ 129%
Net result-€14,785--€4,370▲ 70.4%-€10,203▼ 134%
EBIT margin-61.7%--24.0%▲ 37.7pp-35.6%▼ 11.6pp
Equity-€8,585--€12,955▼ 50.9%-€23,158▼ 78.8%
Total assets€1,491-€908▼ 39.1%€3,913▲ 331%
Debt€10,076-€13,863▲ 37.6%€27,071▲ 95.3%
Working capital-€8,585--€12,955▼ 50.9%-€23,158▼ 78.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10,015 in 2021 against €4,370 in 2020; the loss grows.
Key figures and ratios
Debt ≤ 1 year
€27,071▲
2020 · €13,863
Staff costs
€3,646
Ratios withheld: a balance sheet total of €3,913 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Turnover70 | €23,956 | €18,194 | €28,102 | ▲ 54.5% |
| Goods, raw materials, services and sundry goods60/61 | - | - | €33,541 | - |
| Remuneration, social security and pensions62 | - | - | €3,646 | - |
| Other operating charges640/8 | - | - | €931 | - |
| Gross operating margin9900 | €1,239 | -€590 | -€5,438 | ▼ 822% |
| Operating profit (loss)9901 | -€14,777 | -€4,370 | -€10,015 | ▼ 129% |
| Financial charges65/66B | - | - | €188 | - |
| Recurring financial charges65 | €8 | - | €188 | - |
| Profit (loss) for the period before taxes9903 | -€14,785 | -€4,370 | -€10,203 | ▼ 134% |
| Profit (loss) for the period9904 | -€14,785 | -€4,370 | -€10,203 | ▼ 134% |
| Profit (loss) for the period to be appropriated9905 | -€14,785 | -€4,370 | -€10,203 | ▼ 134% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €1,491 | €908 | €3,913 | ▲ 331% |
| Current assets29/58 | €1,491 | €908 | €3,913 | ▲ 331% |
| Cash at bank and in hand54/58 | €1,491 | €908 | €3,913 | ▲ 331% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €1,491 | €908 | €3,913 | ▲ 331% |
| Equity10/15 | -€8,585 | -€12,955 | -€23,158 | ▼ 78.8% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€14,785 | -€19,155 | -€29,358 | ▼ 53.3% |
| Amounts payable17/49 | €10,076 | €13,863 | €27,071 | ▲ 95.3% |
| Amounts payable within one year42/48 | €10,076 | €13,863 | €27,071 | ▲ 95.3% |
| Trade debts44 | €6,346 | €5,983 | €6,099 | ▲ 1.9% |
| Suppliers440/4 | - | - | €6,099 | - |
| Taxes, remuneration and social security45 | - | - | €19,494 | - |
| Taxes450/3 | - | - | €6,452 | - |
| Remuneration and social security454/9 | - | - | €13,042 | - |
| Other amounts payable47/48 | - | - | €1,478 | - |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€14,785 | -€4,370 | -€10,203 | ▼ 134% |
| Operating cash flow (approximation) | -€14,785 | -€4,370 | -€10,203 | ▼ 134% |
| Change in cash | - | -€583 | €3,005 | ▲ 616% |
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
12-09
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · event 08-09-2025
2024
07-06
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · event 03-06-2024
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
15-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 199 days late
2021
24-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 208 days late
SignalNBB filing
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | STEVEN HEYLEN VLAKKE VELDEN 1, 2270 HERENT-
HOUT |
03-06-2024 → 08-09-2025 |