Active BE 0898.763.594Private limited company (pre-2019)Open bankruptcy

I & Z

Duinstraat 1 ·2060 Antwerpen, Belgium· 18 yrs active

Sector: Food & beverage service (56111)

Conclusion Checked

A bankruptcy procedure is open for I & Z according to publications in the Belgian State Gazette. The 2020 annual accounts show equity of €146k and a net result of €126k.

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€146k
Net result	€126k
Better than sector	95%
Active	18 yrs

Snowflake analysis 5 axes · computed by Checked

61 / 100

Strong profile, led by solvency.

Health 41

Profitability 84

Solvency 100

Growth 78

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open — a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High risk

Components

· Open bankruptcy (+50)

Trust signals 1 signals

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags 0 events

No administrative flags

Health barometer FY 2020 · computed

41 / 100 Weak

050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative — not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 31-01-2022 with the NBB · fiscal year 2020 · micro

RevenueOperating resultNet result

Sector comparison

Fiscal year 2020 · NACE 56 — Food & beverage service · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	81.0%	6.8%	better than 95% of 207 sector peers
Net result	€52k	€336	better than 95% of 207 sector peers
Equity	€146k	€4k	better than 95% of 208 sector peers
Gross operating margin	€42k	€24k	better than 59% of 207 sector peers
Total assets	€181k	€63k	better than 85% of 207 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Revenue

€290k

— 19–20

EBITDA

€30k

+29.9% 19–20

Net profit

€126k

+69.4% 19–20

Cash flow

€133k

+57.4% 19–20

Total assets

€181k

+30.7% 19–20

Equity

€146k

+54.4% 19–20

Working capital

€130k

+71.1% 19–20

Income taxes

€0

-100.0% 19–20

Dividends

€0

— 19–20

Debt

€34k

-20.9% 19–20

Debt ≤ 1y

€26k

-13.4% 19–20

Debt > 1y

€8k

-38.1% 19–20

Current ratio

5.95

+69.8% 19–20

Quick ratio

5.90

+70.4% 19–20

Solvency

81.0%

+18.1% 19–20

Debt / equity

0.06

-59.9% 19–20

ROE

86.0%

+9.7% 19–20

ROA

69.6%

+29.6% 19–20

Net margin

43.4%

— 19–20

EBITDA margin

10.5%

— 19–20

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2020
Revenue	€290k
EBITDA	€30k
Net profit	€126k
Cash flow	€133k
Staff costs	—
Income taxes	€0
Dividends	€0
Total assets	€181k
Equity	€146k
Debt	€34k
of which ≤ 1y	€26k
of which > 1y	€8k
Working capital	€130k
Employees (FTE)	—

Ratios (computed)

	2020
Current ratio	5.95
Quick ratio	5.90
Working capital ratio	72.0%
Solvency	81.0%
Debt / equity	0.06
Long-term debt ratio	0.06
Interest coverage	—
Gross margin	—
Net margin	43.4%
ROA	69.6%
ROE	86.0%
EBITDA margin	10.5%
Days sales outstanding	181d
Days payable outstanding	—
Inventory turnover	—
Days inventory (DSI)	—

Balance-sheet composition 2020

Assets

Fixed assets €24k · 13.5% Current assets €156k · 86.5%

Equity & liabilities

Equity €146k · 81.0% Debt €34k · 19.0%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2020
Balance sheet — Assets
TOTAL ASSETS	20/58	€181k
Fixed assets	21/28	€24k
Formation expenses	20	€0
Intangible fixed assets	21	€0
Tangible fixed assets	22/27	€24k
Financial fixed assets	28	€250
Current assets	29/58	€156k
Stocks & contracts in progress	3	€1k
Amounts receivable within one year	40/41	€144k
Investments	50/53	€0
Cash & bank	54/58	€11k
Balance sheet — Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€181k
Equity	10/15	€146k
Contributions / capital	10/11	€19k
Reserves	13	€2k
Accumulated profits (losses)	14	€126k
Amounts payable	17/49	€34k
Amounts payable after one year	17	€8k
Amounts payable within one year	42/48	€26k
Trade debts payable within one year	44	€14k
Income statement
Turnover	70	€290k
Gross operating margin	9900	€42k
Operating result	9901	€23k
Financial income	75	€30k
Financial charges	65	€2k
Result before taxes	9903	€52k
Income taxes	67/77	€0
Net result for the period	9904	€52k
Result to be appropriated	9905	€52k

You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	PHILIPPE TERMOTE COCKERILLKAAI 18, 2000 ANTWERPEN 1 ↔ Also on 82 other cases	22-09-2022 → present	Belgian State Gazette

Legal Structure

NACE primary	Food & beverage service(56111)
Legal form	Private limited company (pre-2019)(015)
Incorporation	24-06-2008
Status	Active
Postal code	2060
First BS signal	01-12-2022
Latest BS signal	01-12-2022

Company structure — linked entities1 linked entities

Mandates

↔ 1 of these mandate-holders are active on other cases — click any red card to open that KBO.

Establishment units 1 location

Giovanni's

Kloosterstraat 77, 2180 AntwerpenActiviteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden

since 20152.248.449.706

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

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.

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11364F0070/00G005	Flanders	147 m²	1 · 97 m²	12.3 m · 3 fl.
11805E0483/02A000	Flanders	51 m²	1 · 51 m²	15.1 m · 5 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data — this is not proof of ownership.

Updates 11 events

A single timeline of everything that happened to this company — publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2022

01-12-2022

Bankruptcy Opening

Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · I & Z BV DUINSTRAAT 1, 2060 ANTWERPEN 6 · event 22-09-2022

31-01-2022