NAZARIAN
Open bankruptcyA bankruptcy procedure is open for NAZARIAN according to publications in the Belgian State Gazette; curator: LUTGART GODDERIS.
Summary
The 2021 annual accounts show equity of €22k and a net result of €22k.
Signals
Three 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 31-12-2021 was due by 31-07-2022 and was filed on 30-09-2022, 61 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
61 d late
2020
114 d late
2019
89 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2021, micro schema
Equity
€22k▲ 5,360%
2020 · €408
2018: €6k
2019: €-32k
2020: €408
2018 → 2021
Total assets
€120k▲ 3.9%
2020 · €116k
2018: €63k
2019: €66k
2020: €116k
2018 → 2021
Net result
€22k▼ 32.6%
2020 · €32k
2018: €-5k
2019: €-38k
2020: €32k
2018 → 2021
Working capital
€-16k▲ 66.9%
2020 · €-49k
2018: €-46k
2019: €-85k
2020: €-49k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€6k-€-32k€408€22k▲ 5,360%
Operating result€-5k-€-36k▼ 695%€37k€23k▼ 38.4%
Net result€-5k-€-38k▼ 664%€32k€22k▼ 32.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2021; 2021 is 38% below 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €120k
Fixed assets
€43k ▼ 14.0%
Current assets
€78k ▲ 17.4%
Equity and liabilities €120k
Equity
€22k ▲ 5,360%
Debt
€98k ▼ 15.0%
Debt's share of the balance-sheet total falls from 99.6% to 81.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€31k▼
2020 · €45k
Cash flow
€30k▼
2020 · €40k
Current ratio
0.83▲
2020 · 0.57
Debt to equity
4.40
ROE
98.2%
ROA
18.2%▼
2020 · 28.0%
Interest coverage
27.45
Debt ≤ 1 year
€94k▼
2020 · €115k
Income taxes
€2k▲
2020 · €2k
Staff costs
€68k
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 · 45 lines
Balance sheet
Code20202021
Assets
Total assets20/58€116k€120k▲
Fixed assets21/28€49k€43k▼
Tangible fixed assets22/27€49k€41k▼
Land and buildings22-€3k
Plant, machinery and equipment23-€36k
Furniture and vehicles24-€3k
Financial fixed assets28-€1k
Current assets29/58€66k€78k▲
Amounts receivable within one year40/41€2k€3k▲
Trade receivables40-€1k
Other amounts receivable41-€2k
Cash at bank and in hand54/58€62k€73k▲
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€116k€120k▲
Equity10/15€408€22k▲
Contributions10/11-€11k
Reserves13€15k€33k▲
Distributable reserves133-€33k
Profit (loss) carried forward14€-26k€-22k▲
Amounts payable17/49€115k€98k▼
Amounts payable within one year42/48€115k€94k▼
Trade debts44€35k€37k▲
Suppliers440/4-€37k
Taxes, remuneration and social security45-€18k
Taxes450/3-€9k
Remuneration and social security454/9-€9k
Other amounts payable47/48-€39k
Accrued charges and deferred income492/3-€4k
Income statement
Code20202021
Remuneration, social security and pensions62-€68k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k▲
Other operating charges640/8-€731
Gross operating margin9900€88k€99k▲
Operating profit (loss)9901€37k€23k▼
Financial income75/76B-€2k
Recurring financial income75€333€2k▲
Financial charges65/66B-€1k
Recurring financial charges65€4k€1k▼
Profit (loss) for the period before taxes9903€34k€24k▼
Income taxes67/77€2k€2k▲
Profit (loss) for the period9904€32k€22k▼
Profit (loss) for the period to be appropriated9905€32k€22k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-4k
Profit (loss) brought forward from the previous period14P-€-26k
Transfer to equity691/2-€18k
To the legal reserve6920-€18k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2023
24-10
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Veurne · NAZARIAN BV ZEE- DIJK 473/GV01, 8670 KOKSIJDE · event 18-10-2023
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
22-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 114 days late
2020
31-12
Financial
Back to profitnet €32k
Net result €32k after 2 loss-making years.
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2019
31-12
Financial
Weakest financial yearnet €-38k
Net result drops to €-38k, the lowest in the series.
26-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 57 days late
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, Koksijde · 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.
Zeedijk(Kok) 4738670 KoksijdeGround area
742 m²
Building footprint
581 m²
Volume, LiDAR
11,545 m³
Parcel 38502G0043/00_000, Flanders · tallest building 27.1 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
NAZARIAN
since 20182.275.128.664
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38502G0043/00_000 | Flanders | 742 m² | 1 · 581 m² | 27.1 m · 8 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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 | LUTGART GODDERIS ALBERT I LAAN 8, 8630 VEURNE- |
18-10-2023 → present |
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Of 20,493 companies in sector 56111 we hold annual accounts for 11,461. 8,973 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded12-01-2018
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.