Het Zuiden
Open bankruptcyA bankruptcy procedure is open for Het Zuiden according to publications in the Belgian State Gazette; curator: GREGORY BRUNEEL. The 2025 annual accounts show equity of €28k and a net result of €28k.
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 10-04-2026, 69 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 · 9 filingsDeviation from the deadline
2025
69 d late
2024
1 d early
2023
7 d early
2022
41 d early
2021
3 d early
2020
9 d early
2019
11 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close21-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€28k
2024 · €-84
2019: €55k
2020: €-16k
2021: €1k
2022: €6k
2023: €-4k
2024: €-84
2019 → 2025
Total assets
€163k▲ 27.1%
2024 · €128k
2019: €116k
2020: €40k
2021: €55k
2022: €142k
2023: €115k
2024: €128k
2019 → 2025
Net result
€28k▲ 596%
2024 · €4k
2019: €19k
2020: €-70k
2021: €17k
2022: €4k
2023: €-10k
2024: €4k
2019 → 2025
Working capital
€32k
2024 · €-30k
2019: €31k
2020: €-36k
2021: €-15k
2022: €-17k
2023: €-44k
2024: €-30k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1k-€6k▲ 302%€-4k€-84▲ 98.0%€28k
Operating result€19k-€7k▼ 64.8%€-5k€5k€37k▲ 582%
Net result€17k-€4k▼ 74.0%€-10k€4k€28k▲ 596%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 582% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €163k
Fixed assets
€23k▼ 23.2%
Current assets
€140k▲ 42.2%
Equity and liabilities €163k
Equity
€28k
Debt
€135k
Debt finances 82.8% of the balance-sheet total.
Key figures and ratios
EBITDA
€48k▲
2024 · €17k
Cash flow
€40k▲
2024 · €16k
Solvency
17.2%▲
2024 · -0.1%
Current ratio
1.29▲
2024 · 0.77
Quick ratio
1.25▲
2024 · 0.77
Debt / equity
4.80
ROE
100.3%
ROA
17.3%▲
2024 · 3.2%
Interest coverage
3.09▼
2024 · 12.35
Debt
€135k▲
2024 · €128k
Debt ≤ 1 year
€108k▼
2024 · €128k
Staff costs
€94k▼
2024 · €172k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€128k€163k▲
Fixed assets21/28€30k€23k▼
Tangible fixed assets22/27€29k€22k▼
Plant, machinery and equipment23€25k€16k▼
Furniture and vehicles24€3k€6k▲
Financial fixed assets28€1k€1k=
Current assets29/58€99k€140k▲
Stocks and contracts in progress3-€5k
Stocks30/36-€5k
Amounts receivable within one year40/41€66k€95k▲
Trade receivables40€26k€53k▲
Other amounts receivable41€40k€43k▲
Current investments50/53-€6k
Cash at bank and in hand54/58€27k€20k▼
Deferred charges and accrued income490/1€5k€15k▲
Equity and liabilities
Total equity and liabilities10/49€128k€163k▲
Equity10/15€-84€28k▲
Contributions10/11€6k€6k=
Capital10€6k€6k=
Issued capital100€19k€19k=
Uncalled capital101€12k€12k=
Reserves13€9k€9k=
Non-distributable reserves130/1€1k€1k=
Legal reserve130€1k€1k=
Tax-exempt reserves132€8k€8k=
Profit (loss) carried forward14€-16k€13k▲
Amounts payable17/49€128k€135k▲
Amounts payable within one year42/48€128k€108k▼
Current portion of amounts payable after more than one year42€13k-
Trade debts44€61k€108k▲
Suppliers440/4€61k€108k▲
Taxes, remuneration and social security45€29k€370▼
Taxes450/3€13k-
Remuneration and social security454/9€16k€370▼
Other amounts payable47/48€25k-
Accrued charges and deferred income492/3-€26k
Income statement
Code20242025
Remuneration, social security and pensions62€172k€94k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€11k▼
Other operating charges640/8€2k€5k▲
Gross operating margin9900€191k€147k▼
Operating profit (loss)9901€5k€37k▲
Financial income75/76B€24€7k▲
Recurring financial income75€24€7k▲
Financial charges65/66B€1k€16k▲
Recurring financial charges65€1k€16k▲
Profit (loss) for the period before taxes9903€4k€28k▲
Profit (loss) for the period9904€4k€28k▲
Profit (loss) for the period to be appropriated9905€4k€28k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-16k€13k▲
Profit (loss) brought forward from the previous period14P€-20k€-16k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-09
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · HET ZUIDEN BVBA BOOMSE- STEENWEG 386/GVL, 2020 ANTWERPEN 2 · event 10-09-2026
10-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 69 days late
2025
30-06
Financial
Highest result since 2019net €28k ▲596%
Operating result €37k, net result €28k, both a record.
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
24-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
21-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
22-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Weakest financial yearnet €-70k ▼472%
Net result drops to €-70k, the lowest in the series.
20-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
21-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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
Registered office, Antwerpen · 1 establishment unit since 2016
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.
Boomsesteenweg 3862020 AntwerpenGround area
302 m²
Building footprint
164 m²
Volume, LiDAR
1,366 m³
Parcel 11809I2413/00Z014, Flanders · tallest building 13.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Het Zuiden
since 20162.254.947.518
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11809I2413/00Z014 | Flanders | 302 m² | 1 · 164 m² | 13.6 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | GREGORY BRUNEEL MUSEUMSTRAAT 31-33,
2000 ANTWERPEN 1 |
10-09-2026 → present |
Recognitions · licences · registrations
Dual-learning approval
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Of 20,495 companies in sector 56111 we hold annual accounts for 11,458. 9,377 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded12-07-2016
Fiscal year end30-06
Activities, NACEBEL
56101Full-service restaurants
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.