NAZAREO GROUP
Open bankruptcyA bankruptcy procedure is open for NAZAREO GROUP according to publications in the Belgian State Gazette; curator: GUY KELDER. The 2024 annual accounts show equity of €165k and a net result of €89k.
Signals
Four 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 31-12-2024 was due by 31-07-2025 and was filed on 04-09-2025, 35 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
35 d late
2023
29 d late
2022
26 d late
2021
31 d late
2020
26 d late
2019
6 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€165k▲ 118%
2023 · €76k
2018: €25k
2019: €41k
2020: €52k
2021: €78k
2022: €88k
2023: €76k
2018 → 2024
Total assets
€270k▲ 225%
2023 · €83k
2018: €34k
2019: €112k
2020: €94k
2021: €141k
2022: €138k
2023: €83k
2018 → 2024
Net result
€89k
2023 · €-14k
2018: €6k
2019: €16k
2020: €11k
2021: €27k
2022: €11k
2023: €-14k
2018 → 2024
Working capital
€138k▲ 160%
2023 · €53k
2018: €8k
2019: €-61k
2020: €34k
2021: €58k
2022: €63k
2023: €53k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€52k-€78k▲ 51.6%€88k▲ 12.9%€76k▼ 13.9%€165k▲ 118%
Operating result€16k-€120k▲ 640%€62k▼ 48.2%€82k▲ 31.3%€122k▲ 49.2%
Net result€11k-€27k▲ 139%€11k▼ 60.2%€-14k€89k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 49% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €270k
Fixed assets
€27k▲ 19.3%
Current assets
€243k▲ 303%
Equity and liabilities €270k
Equity
€165k▲ 118%
Debt
€105k▲ 1,349%
The debt ratio rises from 8.7% to 38.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€133k▲
2023 · €88k
Cash flow
€100k▲
2023 · €-8k
Solvency
61.2%▼
2023 · 91.3%
Current ratio
2.32▼
2023 · 8.33
Quick ratio
2.32▼
2023 · 8.33
Debt / equity
0.63▲
2023 · 0.10
ROE
54.1%▲
2023 · -18.8%
ROA
33.1%▲
2023 · -17.2%
Interest coverage
51.80▲
2023 · 0.92
Debt
€105k▲
2023 · €7k
Debt ≤ 1 year
€105k▲
2023 · €7k
Income taxes
€35k
Staff costs
€26k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€83k€270k▲
Fixed assets21/28€23k€27k▲
Intangible fixed assets21€18k€12k▼
Tangible fixed assets22/27€5k€14k▲
Furniture and vehicles24€5k€14k▲
Financial fixed assets28€300€936▲
Current assets29/58€60k€243k▲
Amounts receivable within one year40/41€57k€239k▲
Trade receivables40€35k€92k▲
Other amounts receivable41€22k€147k▲
Cash at bank and in hand54/58€1k€1k▲
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€83k€270k▲
Equity10/15€76k€165k▲
Contributions10/11€19k€19k=
Outside capital11€19k-
Other1109/19€19k-
Reserves13€2k€57k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133-€55k
Profit (loss) carried forward14€55k€89k▲
Amounts payable17/49€7k€105k▲
Amounts payable within one year42/48€7k€105k▲
Trade debts44€3k€40k▲
Suppliers440/4€3k€40k▲
Taxes, remuneration and social security45€4k€65k▲
Taxes450/3€4k€65k▲
Income statement
Code20232024
Remuneration, social security and pensions62-€26k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€11k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€22k-
Other operating charges640/8-€2k
Gross operating margin9900€110k€160k▲
Operating profit (loss)9901€82k€122k▲
Financial income75/76B€74€5k▲
Recurring financial income75€74€5k▲
Financial charges65/66B€96k€3k▼
Recurring financial charges65€96k€3k▼
Profit (loss) for the period before taxes9903€-14k€124k▲
Income taxes67/77-€35k
Profit (loss) for the period9904€-14k€89k▲
Profit (loss) for the period to be appropriated9905€-14k€89k▲
Appropriation of the result
Profit (loss) to be appropriated9906€55k€89k▲
Profit (loss) brought forward from the previous period14P€70k-
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
28-05
Bankruptcy
Opening
Tribunal de l’entreprise francophone de Bruxelles · SRL NAZAREO GROUP AVENUE DE JETTE 257/2, 1083 GANSHOREN · event 21-05-2026
2025
04-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 35 days late
2024
31-12
Financial
Back to profitnet €89k
Net result €89k after one loss-making year.
31-12
Financial
Equity above €150kEq €165k ▲118%
Equity rises from €76k to €165k.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet €-14k ▼231%
Net result drops to €-14k, the lowest in the series.
31-12
Financial
Liquidity quadruplescurrent ratio 8.33
Current ratio from 2.26 to 8.33; short-term debt falls from €50k to €7k.
26-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 26 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Liquidity times 14current ratio 2.00
Current ratio from 0.14 to 2.00; short-term debt falls from €71k to €34k.
06-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 6 days late
2019
09-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro 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, Ganshoren · 1 establishment unit since 2018
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.
Jetteselaan 2571083 GanshorenGround area
3,745 m²
Building footprint
2,075 m²
Volume, LiDAR
47,138 m³
2 parcels, Brussels · tallest building 38.1 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
Establishment
since 20182.272.091.376
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21822R0226/00W011 | Brussels | 3,529 m² | 1 · 1,878 m² | 38.1 m · 7 fl. |
| 21008A0402/00Z012 | Brussels | 216 m² | 1 · 198 m² | 18.3 m · 5 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | GUY KELDER PLACE GUY D’AREZZO 18, 1180 UCCLE- |
21-05-2026 → present |
Recognitions · licences · registrations
Legal Entity Identifier
2549002G1HPS6HZ2AG71
Parcel delivery
Notified to the BIPT
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Of 3,191 companies in sector 52250 we hold annual accounts for 1,956. 1,449 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-01-2018
Fiscal year end31-12
Activities, NACEBEL
52250Logistics services
52290Warehousing and support activities for transportation
41001General construction of residential buildings
41003General construction of other non-residential buildings
53200Other postal and courier activities
64200Holdings
64210Activities of holding companies
68201Renting and operating of own or leased residential real estate, excluding social housing
68202Real estate activities
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
68310Real estate agency activities
68311Real estate activities
68312Real estate activities
68321Property management for co-owned buildings (syndics)
68322Real estate appraisal on a fee or contract basis
70200Business and other management consultancy
70220Business consulting
93192Activities of independent sportspeople
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.