KAZA CONCEPT
Open bankruptcyA bankruptcy procedure is open for KAZA CONCEPT according to publications in the Belgian State Gazette; curator: WINNY TIRMARCHE.
Summary
The 2021 annual accounts show equity of €222k and a net result of €9k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 26-07-2022, 5 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
5 d early
2020
33 d late
2019
8 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€9k▼ 62.8%
2020 · €23k
2018: €24k
2019: €42k▲ +72.7% vs 2018highest in 4 years
2020: €23k▼ -43.9% vs 2019
2021: €9k▼ -62.8% vs 2020lowest in 4 years
2018 → 2021
Working capital
€205k▼ 1.4%
2020 · €208k
2018: €138klowest in 4 years
2019: €174k▲ +25.3% vs 2018
2020: €208k▲ +19.6% vs 2019highest in 4 years
2021: €205k▼ -1.4% vs 2020
2018 → 2021
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€148k-€190k▲ 28.2%€213k▲ 12.3%€222k▲ 4.1%
2018: €148klowest in 4 years
2019: €190k▲ +28.2% vs 2018
2020: €213k▲ +12.3% vs 2019
2021: €222k▲ +4.1% vs 2020highest in 4 years
Operating result€42k-€58k▲ 36.0%€41k▼ 29.6%€19k▼ 53.3%
2018: €42k
2019: €58k▲ +36.0% vs 2018highest in 4 years
2020: €41k▼ -29.6% vs 2019
2021: €19k▼ -53.3% vs 2020lowest in 4 years
Net result€24k-€42k▲ 72.7%€23k▼ 43.9%€9k▼ 62.8%
2018: €24k
2019: €42k▲ +72.7% vs 2018highest in 4 years
2020: €23k▼ -43.9% vs 2019
2021: €9k▼ -62.8% vs 2020lowest in 4 years
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2021 is 53% below 2020 and is the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €569k
Fixed assets
€17k ▲ 230%
Current assets
€552k ▲ 8.1%
Equity and liabilities €569k
Equity
€222k ▲ 4.1%
Debt
€348k ▲ 14.8%
Debt's share of the balance-sheet total rises from 58.7% to 61.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€20k▼
2020 · €44k
Cash flow
€10k▼
2020 · €26k
Current ratio
1.59▼
2020 · 1.69
Quick ratio
1.47▼
2020 · 1.61
Debt to equity
1.57
ROE
3.9%▼
2020 · 11.0%
ROA
1.5%▼
2020 · 4.5%
Interest coverage
4.62
Debt ≤ 1 year
€347k▲
2020 · €303k
Income taxes
€6k▼
2020 · €13k
Staff costs
€339k
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 · 2021 against 2020 · 48 lines
Balance sheet
Code20202021
Assets
Total assets20/58€516k€569k▲
Fixed assets21/28€5k€17k▲
Tangible fixed assets22/27€3k€12k▲
Furniture and vehicles24-€12k
Financial fixed assets28€2k€6k▲
Current assets29/58€510k€552k▲
Stocks and contracts in progress3€22k€40k▲
Stocks30/36-€40k
Amounts receivable within one year40/41€275k€365k▲
Trade receivables40-€337k
Other amounts receivable41-€28k
Cash at bank and in hand54/58€209k€143k▼
Deferred charges and accrued income490/1-€4k
Equity and liabilities
Total equity and liabilities10/49€516k€569k▲
Equity10/15€213k€222k▲
Contributions10/11-€19k
Outside capital11-€19k
Other1109/19-€19k
Reserves13€2k€2k=
Non-distributable reserves130/1-€2k
Reserves not available under the articles1311-€2k
Profit (loss) carried forward14€193k€201k▲
Amounts payable17/49€303k€348k▲
Amounts payable within one year42/48€303k€347k▲
Current portion of amounts payable after more than one year42-€3k
Trade debts44€246k€288k▲
Suppliers440/4-€288k
Taxes, remuneration and social security45-€56k
Taxes450/3-€3k
Remuneration and social security454/9-€52k
Other amounts payable47/48-€517
Accrued charges and deferred income492/3-€659
Income statement
Code20202021
Non-recurring operating income76A-€1k
Remuneration, social security and pensions62-€339k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€1k▼
Other operating charges640/8-€21k
Non-recurring operating charges66A-€30
Gross operating margin9900€307k€380k▲
Operating profit (loss)9901€41k€19k▼
Financial charges65/66B-€4k
Recurring financial charges65€4k€4k▲
Profit (loss) for the period before taxes9903€36k€15k▼
Income taxes67/77€13k€6k▼
Profit (loss) for the period9904€23k€9k▼
Profit (loss) for the period to be appropriated9905€23k€9k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€201k
Profit (loss) brought forward from the previous period14P-€193k
Social balance
Average headcount (FTE)9087-7.0
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1k | - |
| Remuneration, social security and pensions62 | - | - | - | €339k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13k | €4k | €3k | €1k | ▼ 62.9% |
| Other operating charges640/8 | - | - | - | €21k | - |
| Non-recurring operating charges66A | - | - | - | €30 | - |
| Gross operating margin9900 | €165k | €254k | €307k | €380k | ▲ 23.7% |
| Operating profit (loss)9901 | €42k | €58k | €41k | €19k | ▼ 53.3% |
| Financial charges65/66B | - | - | - | €4k | - |
| Recurring financial charges65 | €3k | €3k | €4k | €4k | ▲ 0.2% |
| Profit (loss) for the period before taxes9903 | €39k | €55k | €36k | €15k | ▼ 59.7% |
| Income taxes67/77 | €15k | €13k | €13k | €6k | ▼ 54.0% |
| Profit (loss) for the period9904 | €24k | €42k | €23k | €9k | ▼ 62.8% |
| Profit (loss) for the period to be appropriated9905 | €24k | €42k | €23k | €9k | ▼ 62.8% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €802k | €685k | €516k | €569k | ▲ 10.4% |
| Fixed assets21/28 | €15k | €16k | €5k | €17k | ▲ 230% |
| Tangible fixed assets22/27 | €7k | €6k | €3k | €12k | ▲ 303% |
| Furniture and vehicles24 | - | - | - | €12k | - |
| Financial fixed assets28 | €8k | €10k | €2k | €6k | ▲ 139% |
| Current assets29/58 | €788k | €669k | €510k | €552k | ▲ 8.1% |
| Stocks and contracts in progress3 | €10k | €20k | €22k | €40k | ▲ 82.7% |
| Stocks30/36 | - | - | - | €40k | - |
| Amounts receivable within one year40/41 | €513k | €466k | €275k | €365k | ▲ 32.7% |
| Trade receivables40 | - | - | - | €337k | - |
| Other amounts receivable41 | - | - | - | €28k | - |
| Cash at bank and in hand54/58 | €261k | €178k | €209k | €143k | ▼ 31.9% |
| Deferred charges and accrued income490/1 | - | - | - | €4k | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €802k | €685k | €516k | €569k | ▲ 10.4% |
| Equity10/15 | €148k | €190k | €213k | €222k | ▲ 4.1% |
| Contributions10/11 | €19k | €19k | - | €19k | - |
| Outside capital11 | - | - | - | €19k | - |
| Other1109/19 | - | - | - | €19k | - |
| Reserves13 | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | - | - | €2k | - |
| Reserves not available under the articles1311 | - | - | - | €2k | - |
| Profit (loss) carried forward14 | €128k | €169k | €193k | €201k | ▲ 4.5% |
| Amounts payable17/49 | €655k | €496k | €303k | €348k | ▲ 14.8% |
| Amounts payable after more than one year17 | €5k | - | - | - | - |
| Amounts payable within one year42/48 | €649k | €496k | €303k | €347k | ▲ 14.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €3k | - |
| Trade debts44 | €589k | €423k | €246k | €288k | ▲ 17.1% |
| Suppliers440/4 | - | - | - | €288k | - |
| Taxes, remuneration and social security45 | - | - | - | €56k | - |
| Taxes450/3 | - | - | - | €3k | - |
| Remuneration and social security454/9 | - | - | - | €52k | - |
| Other amounts payable47/48 | - | - | - | €517 | - |
| Accrued charges and deferred income492/3 | - | - | - | €659 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24k | €42k | €23k | €9k | ▼ 62.8% |
| + Depreciation and write-downs630 | €13k | €4k | €3k | €1k | ▼ 62.9% |
| Operating cash flow (approximation) | €37k | €46k | €26k | €10k | ▼ 62.8% |
| Investment in fixed assets (approximation) | - | €-5k | €8k | €-13k | ▼ 273% |
| Change in cash | - | €-83k | €31k | €-67k | ▼ 312% |
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
15-07
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 08-07-2025
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €9k ▼62.8%
Net result drops to €9k, the lowest in the series.
02-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 33 days late
2020
31-12
Financial
Equity above €200kEq €213k ▲12.3%
3 profitable years in a row build equity to €213k.
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Highest result since 2018net €42k ▲72.7%
Operating result €58k, net result €42k, both a record.
31-12
Financial
Equity above €150kEq €190k ▲28.2%
2 profitable years in a row build equity to €190k.
08-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 39 days late
21-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 205 days late
2017
05-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 36 days late
2016
07-10
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 68 days late
Show earlier events
2015
09-09
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 40 days late
2014
26-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 26 days late
2013
25-09
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 56 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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
Registered office, Wezembeek-Oppem · 1 establishment unit since 2014
Ground area
745 m²
Building footprint
413 m²
Volume, LiDAR
3,941 m³
2 parcels, Brussels, Flanders · tallest building 16.0 m, ±4 floors. Linked by address, not a title deed.
599
companies at this address
See who is registered here
1 establishment unit
Grondwetlaan 36, 1083 Ganshoren
since 20142.234.278.796
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22006A0114/00P000 | Flanders | 520 m² | 1 · 325 m² | 14.8 m · 3 fl. |
| 21392B0028/00Z004 | Brussels | 225 m² | 1 · 88 m² | 16.0 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 | WINNY TIRMARCHE A. DE COCKPLEIN 9,
1831 DIEGEM |
08-07-2025 → present |
Identification & contact
Identification
Legal formPrivate limited company
Founded04-02-2008
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.