IZZET-T
BankruptcyThe KBO register records for IZZET-T the legal situation: open bankruptcy (code 050); this is today's state according to the register itself, which carries no start date. The 2020 annual accounts show negative equity (€-61k) and a net result of €-9k.
Signals
Two signals.
+raises risk○neutral
Financials · fiscal year 2020, abbreviated schema
Turnover
€84k▲ 116%
2019 · €39k
2018: €46k
2019: €39k
2018 → 2020
EBIT margin
-12.0%▲ 17.8pp
2019 · -29.8%
2018: -81.4%
2019: -29.8%
2018 → 2020
Net result
€-9k▲ 24.9%
2019 · €-12k
2018: €-51k
2019: €-12k
2018 → 2020
Working capital
€-51k▼ 21.8%
2019 · €-42k
2018: €-26k
2019: €-42k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Turnover€46k-€39k▼ 16.3%€84k▲ 116%
Equity€-40k-€-52k▼ 30.6%€-61k▼ 17.6%
Operating result€-38k-€-12k▲ 69.3%€-10k▲ 13.0%
Net result€-51k-€-12k▲ 76.0%€-9k▲ 24.9%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €10k in 2020 against €12k in 2019; the loss shrinks.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €38k
Fixed assets
€2k=
Current assets
€36k▲ 39.8%
Key figures and ratios
Solvency
-162.1%▲
2019 · -188.3%
Current ratio
0.41▲
2019 · 0.38
Quick ratio
0.08▼
2019 · 0.11
Debt / equity
-0.20▲
2019 · -0.24
ROA
-24.2%▲
2019 · -44.1%
Debt
€99k▲
2019 · €80k
Debt ≤ 1 year
€87k▲
2019 · €68k
Debt > 1 year
€12k=
2019 · €12k
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 · 2020 against 2019
Balance sheet
Code20192020
Assets
Total assets20/58€28k€38k▲
Fixed assets21/28€2k€2k=
Financial fixed assets28€2k€2k=
Current assets29/58€26k€36k▲
Stocks and contracts in progress3€18k€29k▲
Amounts receivable within one year40/41€5k€6k▲
Cash at bank and in hand54/58€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€28k€38k▲
Equity10/15€-52k€-61k▼
Contributions10/11€19k€19k=
Reserves13€1k€1k=
Profit (loss) carried forward14€-72k€-81k▼
Amounts payable17/49€80k€99k▲
Amounts payable after more than one year17€12k€12k=
Amounts payable within one year42/48€68k€87k▲
Trade debts44€32k€18k▼
Income statement
Code20192020
Turnover70€39k€84k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k-
Gross operating margin9900€-7k€-6k▲
Operating profit (loss)9901€-12k€-10k▲
Recurring financial income75-€1k
Recurring financial charges65€674€252▼
Profit (loss) for the period before taxes9903€-12k€-9k▲
Profit (loss) for the period9904€-12k€-9k▲
Profit (loss) for the period to be appropriated9905€-12k€-9k▲
Timeline · acts, filings and financial milestones
2022
09-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 193 days late
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 182 days late
29-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 548 days late
2019
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 343 days late
10-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 528 days late
09-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 892 days late
2015
23-06
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
24-06
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
29-08
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 29 days late
NBB filing
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
Registered office, Gent · 2 establishment units since 2012
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.
Frederik Burvenichstraat 39050 GentGround area
199 m²
Building footprint
149 m²
Volume, LiDAR
1,060 m³
2 parcels, Flanders · tallest building 11.9 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
IZZET-T
since 20122.214.483.769
IZZET-T
since 20172.263.347.817
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44032A0172/00D004 | Flanders | 162 m² | 1 · 113 m² | 11.7 m · 2 fl. |
| 44032A0085/00D002 | Flanders | 37 m² | 1 · 37 m² | 11.9 m · 3 fl. |
Linked by address, not proof of ownership
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.
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Of 277 companies in sector 47519 we hold annual accounts for 130. 91 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded20-02-2012
Fiscal year end31-12
Activities, NACEBEL
47519Retail trade
47110Non-specialised retail sale with food, beverages or tobacco predominating
47112Retail trade
47252Retail sale of beverages, general range
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.