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STREZLEZ

Open bankruptcy
KBO/BCE: BE 0757.865.156

A bankruptcy procedure is open for STREZLEZ according to publications in the Belgian State Gazette; curator: MARTE DE CALUWé.

Summary

Inactive; last annual accounts for fiscal year 2022.

Are you a creditor?

Open bankruptcy Source: Belgian Official Gazette

If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.

The procedure

Court
Enterprise Court of Antwerp, Antwerp division
Declared bankrupt
16 May 2023
Supervising judge
Walter Clement
Official Gazette
24-05-2023 (pdf) ↗search the document for 2023/120168

Curator

What to do now

  1. Do not deliver on credit any more without an agreement with the curator.
  2. Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
  3. File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
  4. Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
  5. Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
  6. Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.

Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.

File a claim in RegSol ↗ Watch Follow this bankruptcy: you are alerted when it is closed or reversed.

General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors

Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Belgian State Gazette
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-09-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 2 filings
Position against the passed deadline
30-09-2023 close30-04-2024 deadline26-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-09-2022 was due by 30-04-2023 and was filed on 08-05-2023, 8 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 · 2 filings
Deviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
8 d late
2021
33 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 2 accounts on average 13 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

STREZLEZ has filed 2 sets of annual accounts, the latest for fiscal year 2022.1 The company was declared bankrupt on 16 May 2023.2

  1. 1National Bank, annual accounts 2022
  2. 2Belgian State Gazette, 24-05-2023

Go further with this company

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2022, micro schema

Equity
€7,426▲ 1.9%
2021 · €7,287
Total assets
€68,751▲ 21.6%
2021 · €56,537
Net result
€140▼ 51.2%
2021 · €287
Working capital
€43,756▲ 11.1%
2021 · €39,381
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022
Operating result€219-€2,576▲ 1,075%
Net result€287-€140▼ 51.2%
Equity€7,287-€7,426▲ 1.9%
Total assets€56,537-€68,751▲ 21.6%
Debt€49,250-€61,325▲ 24.5%
Working capital€39,381-€43,756▲ 11.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€1,000€2,000€3,000Operating result 2021: €219€219Net result 2021: €287€287Operating result 2022: €2,576€2,576Net result 2022: €140€14020212022€0€1,000€2,000€3,000Operating result 2021: €219€219Net result 2021: €287€287Operating result 2022: €2,576€2,580Net result 2022: €140€14020212022
The operating result rises in 2022; 2022 is 1,075% above 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €68,751
Fixed assets €5,619 ▼ 17.5%
Current assets €63,132 ▲ 27.0%
Equity and liabilities €68,751
Equity €7,426 ▲ 1.9%
Debt €61,325 ▲ 24.5%
Debt's share of the balance-sheet total rises from 87.1% to 89.2%. Equity and debt are higher.
Key figures and ratios
2022 value · change against 2021
EBITDA
€3,766▲
2021 · €943
Cash flow
€1,330▲
2021 · €1,010
Current ratio
3.26▼
2021 · 4.81
Quick ratio
0.34▼
2021 · 0.47
Debt to equity
8.26▲
2021 · 2.80
ROE
1.9%▼
2021 · 3.9%
ROA
0.2%▼
2021 · 0.5%
Interest coverage
1.68
Debt ≤ 1 year
€19,376▲
2021 · €10,347
Debt > 1 year
€34,368▲
2021 · €20,390
Income taxes
€192▼
2021 · €285
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 · 42 lines
Balance sheet Code20212022
Assets
Total assets20/58€56,537€68,751▲
Fixed assets21/28€6,809€5,619▼
Tangible fixed assets22/27€6,809€5,619▼
Land and buildings22-€2,825
Furniture and vehicles24-€2,794
Current assets29/58€49,728€63,132▲
Stocks and contracts in progress3€44,855€56,467▲
Stocks30/36-€56,467
Amounts receivable within one year40/41€4,193€6,589▲
Trade receivables40-€6,589
Cash at bank and in hand54/58€681€77▼
Equity and liabilities
Total equity and liabilities10/49€56,537€68,751▲
Equity10/15€7,287€7,426▲
Contributions10/11-€7,000
Reserves13€287€426▲
Distributable reserves133-€426
Amounts payable17/49€49,250€61,325▲
Amounts payable after more than one year17€20,390€34,368▲
Financial debts170/4-€34,368
Amounts payable within one year42/48€10,347€19,376▲
Current portion of amounts payable after more than one year42-€5,523
Taxes, remuneration and social security45-€9,748
Taxes450/3-€9,748
Remuneration and social security454/9-€0
Other amounts payable47/48-€4,105
Accrued charges and deferred income492/3-€7,581
Income statement Code20212022
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€724€1,190▲
Other operating charges640/8-€0
Gross operating margin9900€1,325€3,766▲
Operating profit (loss)9901€219€2,576▲
Financial income75/76B-€0
Recurring financial income75€1,663€0▼
Financial charges65/66B-€2,244
Recurring financial charges65€1,310€2,244▲
Profit (loss) for the period before taxes9903€572€332▼
Income taxes67/77€285€192▼
Profit (loss) for the period9904€287€140▼
Profit (loss) for the period to be appropriated9905€287€140▼
Appropriation of the result
Profit (loss) to be appropriated9906-€140
Transfer to equity691/2-€140
To the legal reserve6920-€140
To other reserves6921-€0

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

Line20212022Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€724€1,190▲ 64.4%
Other operating charges640/8-€0-
Gross operating margin9900€1,325€3,766▲ 184%
Operating profit (loss)9901€219€2,576▲ 1,075%
Financial income75/76B-€0-
Recurring financial income75€1,663€0▼ 100%
Financial charges65/66B-€2,244-
Recurring financial charges65€1,310€2,244▲ 71.3%
Profit (loss) for the period before taxes9903€572€332▼ 42.0%
Income taxes67/77€285€192▼ 32.8%
Profit (loss) for the period9904€287€140▼ 51.2%
Profit (loss) for the period to be appropriated9905€287€140▼ 51.2%
Line20212022Change
Assets
Total assets20/58€56,537€68,751▲ 21.6%
Fixed assets21/28€6,809€5,619▼ 17.5%
Tangible fixed assets22/27€6,809€5,619▼ 17.5%
Land and buildings22-€2,825-
Furniture and vehicles24-€2,794-
Current assets29/58€49,728€63,132▲ 27.0%
Stocks and contracts in progress3€44,855€56,467▲ 25.9%
Stocks30/36-€56,467-
Amounts receivable within one year40/41€4,193€6,589▲ 57.2%
Trade receivables40-€6,589-
Cash at bank and in hand54/58€681€77▼ 88.8%
Equity and liabilities
Total equity and liabilities10/49€56,537€68,751▲ 21.6%
Equity10/15€7,287€7,426▲ 1.9%
Contributions10/11-€7,000-
Reserves13€287€426▲ 48.8%
Distributable reserves133-€426-
Amounts payable17/49€49,250€61,325▲ 24.5%
Amounts payable after more than one year17€20,390€34,368▲ 68.5%
Financial debts170/4-€34,368-
Amounts payable within one year42/48€10,347€19,376▲ 87.3%
Current portion of amounts payable after more than one year42-€5,523-
Taxes, remuneration and social security45-€9,748-
Taxes450/3-€9,748-
Remuneration and social security454/9-€0-
Other amounts payable47/48-€4,105-
Accrued charges and deferred income492/3-€7,581-
Line20212022Change
Profit (loss) for the period9904€287€140▼ 51.2%
+ Depreciation and write-downs630€724€1,190▲ 64.4%
Operating cash flow (approximation)€1,010€1,330▲ 31.6%
Investment in fixed assets (approximation)-€0-
Change in cash--€604-

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

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Timeline · acts, filings and financial milestones

2023
24-05
Bankruptcy Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 16-05-2023
08-05
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 8 days late
2022
28-03
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
SignalNBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not 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.

Directors · office · real estate

Directors
1 act for this company is 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

Insolvency mandates

1 mandate
Role Name Tenure
Curator MARTE DE CALUWé
MUSEUMSTRAAT 31-33 4, 2000 ANTWERPEN 1
16-05-2023 → present