JAZZ BUSINESS
InactiveJAZZ BUSINESS was declared bankrupt on 22-07-2022 (Tribunal de l’entreprise francophone de Bruxelles); the bankruptcy was closed for insufficient assets by judgment of 08-11-2022, published in the Belgian State Gazette on 26-01-2023.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 3 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline24-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 04-11-2021, 96 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
96 d late
2019
21 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2020, micro schema
Turnover
€865k▲ 39.9%
2019 · €618k
2018: €417k
2019: €618k
2018 → 2020
EBIT margin
10.8%▲ 9.9pp
2019 · 0.9%
2018: 0.5%
2019: 0.9%
2018 → 2020
Net result
€94k▲ 1,560%
2019 · €6k
2018: €2k
2019: €6k
2018 → 2020
Working capital
€112k▲ 522%
2019 · €18k
2018: €12k
2019: €18k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Turnover€417k-€618k▲ 48.3%€865k▲ 39.9%
Equity€15k-€20k▲ 38.4%€114k▲ 461%
Operating result€2k-€6k▲ 155%€94k▲ 1,560%
Net result€2k-€6k▲ 156%€94k▲ 1,560%
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2020 is 1,560% above 2019 and is the highest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €116k
Fixed assets
€2k =
Current assets
€114k ▲ 475%
Equity and liabilities €116k
Equity
€114k ▲ 461%
Debt
€2k =
Debt's share of the balance-sheet total falls from 8.1% to 1.6%. Equity is higher.
Key figures and ratios
Current ratio
63.09▲
2019 · 10.98
ROE
82.2%▲
2019 · 27.8%
ROA
80.9%▲
2019 · 25.5%
Debt ≤ 1 year
€2k=
2019 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2020 against 2019 · 20 lines
Balance sheet
Code20192020
Assets
Total assets20/58€22k€116k▲
Fixed assets21/28€2k€2k=
Tangible fixed assets22/27€2k€2k=
Current assets29/58€20k€114k▲
Amounts receivable within one year40/41€3k€4k▲
Cash at bank and in hand54/58€15k€110k▲
Equity and liabilities
Total equity and liabilities10/49€22k€116k▲
Equity10/15€20k€114k▲
Contributions10/11€13k€13k=
Profit (loss) carried forward14€8k€102k▲
Amounts payable17/49€2k€2k=
Amounts payable within one year42/48€2k€2k=
Trade debts44€2k€2k=
Income statement
Code20192020
Turnover70€618k€865k▲
Gross operating margin9900€41k€123k▲
Operating profit (loss)9901€6k€94k▲
Recurring financial charges65€0€1▲
Profit (loss) for the period before taxes9903€6k€94k▲
Profit (loss) for the period9904€6k€94k▲
Profit (loss) for the period to be appropriated9905€6k€94k▲
Timeline · acts, filings and financial milestones
2023
26-01
Bankruptcy
Bankruptcy closure (insufficient assets)
Tribunal de l’entreprise francophone de Bruxelles · JAZZ BUSINESS SPRL AVENUE DE STALINGRAD 52, 1000 BRUXELLES. déclarée le 22 juillet 2022 · event 08-11-2022
2022
29-08
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · JAZZ BUSINESS SPRL AVENUE DE STALINGRAD 52, 1000 BRUXELLES 1 · event 22-07-2022
2021
04-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 96 days late
2020
31-12
Financial
Highest result since 2018net €94k ▲1560%
Operating result €94k, net result €94k, both a record.
31-12
Financial
Liquidity times 6current ratio 63.09
Current ratio from 10.98 to 63.09.
31-12
Financial
Equity above €100kEq €114k ▲461%
3 profitable years in a row build equity to €114k.
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 21 days late
2019
31-12
Financial
Liquidity times 9current ratio 10.98
Current ratio from 1.22 to 10.98; short-term debt falls from €57k to €2k.
29-10
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 90 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | YSABELLE ENSCH AVENUE LOUISE 349, B 17,
1050 BRUXELLES 5 |
22-07-2022 → 08-11-2022 |