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ORBIZZ

Open bankruptcy
Private limited company (pre-2019)founded 2018KBO/BCE: BE 0702.898.622

A bankruptcy procedure is open for ORBIZZ according to publications in the Belgian Official Gazette; trustee: Jan De Rieck.

Summary

The 2022 annual accounts show equity of €13,932 and a net result of €10,607.

ORBIZZOpen bankruptcy

Are you a creditor?

Open bankruptcy Source: Belgian Official Gazette

The judgment is more than a year old: a claim can no longer be filed, not even late. The trustee knows whether anything will still be paid out.

The procedure

Court
Enterprise Court of Leuven
Declared bankrupt
18 January 2024
Supervising judge
Jacques Heynen
Official Gazette
24-01-2024 (pdf) ↗search the document for 2024/102454

Deadlines

Provisional date payments stopped
18 January 2024A later judgment can change the date.art. XX.105, Code of Economic Law
Appeal or third-party opposition until
passed on 8 February 2024Fifteen days after the publication in the Official Gazette.art. XX.108, Code of Economic Law
File the claim in RegSol, the Belgian insolvency register, until
passed on 17 February 2024art. XX.104 and XX.155, Code of Economic Law
First verification report
passed on 27 February 2024Reclaim goods that are still yours, such as goods delivered under retention of title, before this day.art. XX.104 and XX.194, Code of Economic Law
Late claim until
passed on 18 January 2025A late claim shares only in what has not yet been paid out, and you bear its costs.art. XX.165, Code of Economic Law

Trustee

  • Jan De RieckFonteinstraat 1A, 3000 Leuvenfalingen@advocaten-leuven.be

What to do now

  1. The deadlines to file your claim have passed, including for a late claim: that was possible until a year after the judgment.
  2. Ask the trustee whether anything will still be paid out and whether your claim was admitted.
  3. Follow the file in RegSol: the trustee's reports appear there.
  4. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered, subject to conditions.

The judgment is more than a year old: the deadline for a late claim (art. XX.165, Code of Economic Law) has passed too.

View the file in RegSol ↗ Follow Follow this bankruptcy: you are alerted when it is closed or reversed.

General information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.Creditor guide for this company

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Overview

Activity
Office administrative and support services
NACE 82100
1 site
Size
≈ €66,000turnover 2022, estimated
Staff
0.3 FTE
Equity
€13,932
Profit
€10,607
Turnover estimated from the gross margin
Financial health
Open bankruptcy: no score
Structure
4 deeds in the Belgian Official Gazette
Signalsraises riskOpen bankruptcyneutralLatest accounts filed on timeShow the evidence

Signals

Two signals.
raises riskneutral
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgian Official Gazette. Claims are handled by the appointed trustee. The KBO register also records: open bankruptcy.
Belgian Official Gazette
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 28-07-2023, 3 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2022
3 days early
2021
326 days late
2020
31 days late
2019
21 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 94 days after the deadline; the sector median (NACE 82) for financial year 2022 is 4 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. OpeningEnterprise Court of Leuven ·…
  2. Annual accounts filedfinancial year 2022 · micro…
  3. Annual accounts filedfinancial year 2021 · micro…

Financials · financial year 2022, micro format

Turnover
≈ €66,000
Estimated: probably between €53,000 and €100,000
Total assets
€82,984▲ 268%
2021 · €22,568
Net result
€10,607
2021 · -€466
Working capital
€11,249
2021 · -€274
Trend over the years

2019 to 2022, 4 financial years

The operating result returns to profit in 2022: €14,863 after a loss of €415 in 2021, the highest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€14,863 2022 Net result€10,607 2022

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 82, Office administrative, office support and other business support activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022
Operating result-€4,391-€2,573-€415€14,863
Net result-€4,646-€2,238within the sector's middle half-€466within the sector's middle half€10,607within the sector's middle half
Equity€1,554-€3,792below the sector's middle half▲ 144%€3,326below the sector's middle half▼ 12.3%€13,932within the sector's middle half▲ 319%
Total assets€33,622-€20,108below the sector's middle half▼ 40.2%€22,568below the sector's middle half▲ 12.2%€82,984within the sector's middle half▲ 268%
Debt€32,068-€16,316▼ 49.1%€19,242▲ 17.9%€69,052▲ 259%
Working capital-€2,046-€192within the sector's middle half-€274within the sector's middle half€11,249within the sector's middle half
Solvency4.6%-18.9%within the sector's middle half▲ 14.2pp14.7%below the sector's middle half▼ 4.1pp16.8%within the sector's middle half▲ 2.1pp
Current ratio0.94-1.01within the sector's middle half▲ 0.080.99within the sector's middle half▼ 0.031.16within the sector's middle half▲ 0.18
Return on assets (ROA)-13.8%-11.1%within the sector's middle half▲ 24.9pp-2.1%below the sector's middle half▼ 13.2pp12.8%within the sector's middle half▲ 14.8pp
Staff (FTE)1.6-0.3
above within below the middle half of NACE 82, Office administrative, office support and other business support activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €82,984
Fixed assets €2,684 ▼ 25.5%
Current assets €80,301 ▲ 323%
Equity and liabilities €82,984
Equity €13,932 ▲ 319%
Debt €69,052 ▲ 259%
Debt's share of the balance-sheet total falls from 85.3% to 83.2%. Equity and debt are higher.
Key figures and ratios
2022 value · change against 2021
EBITDA
€15,338
Cash flow
€11,082
Quick ratio
0.92▼
2021 · 0.99
Debt to equity
4.96▼
2021 · 5.79
ROE
76.1%▲
2021 · -14.0%
Interest coverage
over 100
Debt ≤ 1 year
€69,052▲
2021 · €19,242
Income taxes
€4,670
Staff costs
€9,936
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2022 against 2021 · 46 lines
Balance sheet Code20212022
Assets
Total assets20/58€22,568€82,984▲
Fixed assets21/28€3,600€2,684▼
Tangible fixed assets22/27-€2,684
Plant, machinery and equipment23-€2,124
Furniture and vehicles24-€560
Financial fixed assets28€3,600-
Current assets29/58€18,968€80,301▲
Stocks and contracts in progress3-€16,675
Stocks30/36-€16,675
Amounts receivable within one year40/41€18,968€28,958▲
Trade receivables40€6,355€12,901▲
Other amounts receivable41€12,613€16,057▲
Cash at bank and in hand54/58-€34,668
Equity and liabilities
Total equity and liabilities10/49€22,568€82,984▲
Equity10/15€3,326€13,932▲
Contributions10/11€6,200€6,200=
Reserves13-€7,732
Distributable reserves133-€7,732
Profit (loss) carried forward14-€2,874-
Amounts payable17/49€19,242€69,052▲
Amounts payable within one year42/48€19,242€69,052▲
Financial debts43€14-
Credit institutions430/8€14-
Trade debts44€5,862€60,848▲
Suppliers440/4€5,862€60,848▲
Taxes, remuneration and social security45€9,366€6,206▼
Taxes450/3€9,366€5,285▼
Remuneration and social security454/9-€921
Other amounts payable47/48€4,000€1,999▼
Income statement Code20212022
Remuneration, social security and pensions62-€9,936
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€475
Other operating charges640/8€143€9,084▲
Gross operating margin9900-€272€34,357▲
Operating profit (loss)9901-€415€14,863▲
Financial income75/76B-€562
Recurring financial income75-€562
Financial charges65/66B€51€147▲
Recurring financial charges65€51€147▲
Profit (loss) for the period before taxes9903-€466€15,277▲
Income taxes67/77-€4,670
Profit (loss) for the period9904-€466€10,607▲
Profit (loss) for the period to be appropriated9905-€466€10,607▲
Appropriation of the result
Profit (loss) to be appropriated9906-€2,874€7,732▲
Profit (loss) brought forward from the previous period14P-€2,408-€2,874▼
Transfer to equity691/2-€7,732
To other reserves6921-€7,732

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2019202020212022Change
Remuneration, social security and pensions62---€9,936-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630---€475-
Other operating charges640/8--€143€9,084▲ 64×
Gross operating margin9900€37,470€7,889-€272€34,357-
Operating profit (loss)9901-€4,391€2,573-€415€14,863-
Financial income75/76B---€562-
Recurring financial income75€2--€562-
Financial charges65/66B--€51€147▲ 191%
Recurring financial charges65€257€335€51€147▲ 191%
Profit (loss) for the period before taxes9903-€4,646€2,238-€466€15,277-
Income taxes67/77---€4,670-
Profit (loss) for the period9904-€4,646€2,238-€466€10,607-
Profit (loss) for the period to be appropriated9905-€4,646€2,238-€466€10,607-
Line2019202020212022Change
Assets
Total assets20/58€33,622€20,108€22,568€82,984▲ 268%
Fixed assets21/28€3,600€3,600€3,600€2,684▼ 25.5%
Tangible fixed assets22/27---€2,684-
Plant, machinery and equipment23---€2,124-
Furniture and vehicles24---€560-
Financial fixed assets28€3,600€3,600€3,600--
Current assets29/58€30,022€16,508€18,968€80,301▲ 323%
Stocks and contracts in progress3---€16,675-
Stocks30/36---€16,675-
Amounts receivable within one year40/41€8,365€16,508€18,968€28,958▲ 52.7%
Trade receivables40--€6,355€12,901▲ 103%
Other amounts receivable41--€12,613€16,057▲ 27.3%
Cash at bank and in hand54/58€3,593--€34,668-
Equity and liabilities
Total equity and liabilities10/49€33,622€20,108€22,568€82,984▲ 268%
Equity10/15€1,554€3,792€3,326€13,932▲ 319%
Contributions10/11€6,200-€6,200€6,200=
Reserves13---€7,732-
Distributable reserves133---€7,732-
Profit (loss) carried forward14-€4,646-€2,408-€2,874--
Amounts payable17/49€32,068€16,316€19,242€69,052▲ 259%
Amounts payable within one year42/48€32,068€16,316€19,242€69,052▲ 259%
Financial debts43--€14--
Credit institutions430/8--€14--
Trade debts44€9,145€5,590€5,862€60,848▲ 938%
Suppliers440/4--€5,862€60,848▲ 938%
Taxes, remuneration and social security45--€9,366€6,206▼ 33.7%
Taxes450/3--€9,366€5,285▼ 43.6%
Remuneration and social security454/9---€921-
Other amounts payable47/48--€4,000€1,999▼ 50.0%
Line2019202020212022Change
Profit (loss) for the period9904-€4,646€2,238-€466€10,607-
+ Depreciation and write-downs630---€475-
Operating cash flow (approximation)-€4,646€2,238-€466€11,082-
Investment in fixed assets (approximation)-€0€0€441-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (4)
Financial year Type Filed Reference
31-12-2022 micro format 28-07-2023 2023-00285301
31-12-2021 micro format 22-06-2023 2023-00147741
31-12-2020 micro format 31-08-2021 2021-64100576
31-12-2019 micro format 21-08-2020 2020-43500492

Similar companies · same sector, comparable size

Of the 11,120 active companies whose main activity is office administrative and support services (NACE 82100), figures are known for 3,594. 2,094 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Subsidies and aid

Flemish government

2022 · 1 entry · €81 awarded · €81 paid
Schemes
1 entry · €81 · €81 paid · Fonds voor Innoveren en Ondernemen

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
No directors read yet: 0 of 4 Gazette acts processed. See the directors and other office holders in the KBO →

Insolvency mandates

1 mandate
Role Name Tenure
Trustee Jan De Rieck
Fonteinstraat 1A, 3000 Leuven
18-01-2024 → present

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

On 6 September 2018, ORBIZZ was incorporated.1 Total assets went from €33,622 in 2019 to €82,984 in 2022 and headcount from 1.6 to 0.3 full-time equivalents.2 The company was declared bankrupt on 18 January 2024.3

  1. 1KBO register
  2. 2National Bank, annual accounts 2019 and 2022
  3. 3Belgian Official Gazette, 24-01-2024

Acts, filings and financial milestones

2024
24-01
Bankruptcy Opening
Enterprise Court of Leuven · judgment of 18-01-2024
2023
28-07
NBB filing Annual accounts filed
financial year 2022 · micro format
22-06
NBB filing Annual accounts filed
financial year 2021 · micro format · 326 days late
2022
31-12
Financial Back to profitnet €10,607
Net result €10,607 after one loss-making year.
2021
31-08
NBB filing Annual accounts filed
financial year 2020 · micro format · 31 days late
2020
31-12
Financial Back to profitnet €2,238
Net result €2,238 after one loss-making year.
21-08
NBB filing Annual accounts filed
financial year 2019 · micro format · 21 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
0 of 4 deeds read
About the unread acts

We know of 4 Belgian Official Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Register details

Identification
Legal formPrivate limited company (pre-2019)
Founded06-09-2018
Financial year end31-12
Activities, NACEBEL 2025
82100Office administrative and support services
E-invoicing
Not found in the Peppol Directory

No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.

Register as of 28 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Aarschot · 1 establishment unit since 2018
registered office establishment The establishment unit on the map
Ground area
1,332 m²
Building footprint
117 m²
Parcel 24060B0251/00W000, Flanders. Linked by address, not a title deed.
1 establishment unit
ORBIZZ
Office administrative and support services
since 2018unit no. 2.281.241.941
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
24060B0251/00W000 Flanders 1,332 m² 1 · 117 m² -
How the parcels are linked
Good to know
The parcel matches the address exactly.