YEZAN
InactiveYEZAN was declared bankrupt on 11-10-2022 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 16-05-2023, published in the Belgian State Gazette on 26-05-2023.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 5 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline25-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 24-06-2022, 328 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
328 d late
2019
136 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2020, micro schema
Turnover
€104k
EBIT margin
-43.1%
Net result
€-30k▼ 701%
2019 · €-4k
Working capital
€-15k
2019 · €9k
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
Line201820192020
Turnover€104k
Operating result€6k-€-2k€-45k▼ 2,384%
Net result€2k-€-4k€-30k▼ 701%
EBIT margin-43.1%
Equity€23k-€19k▼ 16.7%€-11k
Total assets€50k-€76k▲ 51.4%€45k▼ 40.6%
Debt€28k-€57k▲ 107%€57k▼ 1.2%
Working capital€10k-€9k▼ 9.3%€-15k
Staff (FTE)0.8-2.3▲ 188%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €45k in 2020 against €2k in 2019; the loss grows and 2020 has the lowest result in the available series.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €45k
Fixed assets
€4k ▼ 61.3%
Current assets
€42k ▼ 37.4%
Key figures and ratios
EBITDA
€-39k▼
2019 · €1k
Cash flow
€-24k▼
2019 · €-947
Solvency
-25.2%▼
2019 · 24.7%
Current ratio
0.74▼
2019 · 1.16
Quick ratio
0.61▼
2019 · 1.14
Debt to equity
-4.97
ROA
-66.8%▼
2019 · -5.0%
Interest coverage
-27.39
Debt ≤ 1 year
€57k▼
2019 · €57k
Staff costs
€24k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Turnover70 | - | - | €104k | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €116k | - |
| Remuneration, social security and pensions62 | - | - | €24k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €3k | €6k | ▲ 113% |
| Gross operating margin9900 | €42k | €80k | €-15k | ▼ 119% |
| Operating profit (loss)9901 | €6k | €-2k | €-45k | ▼ 2,384% |
| Financial income75/76B | - | - | €16k | - |
| Recurring financial income75 | €510 | €1k | €16k | ▲ 1,104% |
| Non-recurring financial income76B | - | - | €16k | - |
| Financial charges65/66B | - | - | €1k | - |
| Recurring financial charges65 | €2k | €3k | €1k | ▼ 53.4% |
| Profit (loss) for the period before taxes9903 | €4k | €-4k | €-30k | ▼ 760% |
| Income taxes67/77 | €1k | €258 | - | - |
| Profit (loss) for the period9904 | €2k | €-4k | €-30k | ▼ 701% |
| Profit (loss) for the period to be appropriated9905 | €2k | €-4k | €-30k | ▼ 701% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €50k | €76k | €45k | ▼ 40.6% |
| Formation expenses20 | €481 | €320 | - | - |
| Fixed assets21/28 | €12k | €9k | €4k | ▼ 61.3% |
| Tangible fixed assets22/27 | €12k | €9k | €4k | ▼ 61.3% |
| Furniture and vehicles24 | - | - | €1k | - |
| Other tangible fixed assets26 | - | - | €2k | - |
| Current assets29/58 | €38k | €67k | €42k | ▼ 37.4% |
| Stocks and contracts in progress3 | €3k | €1k | €7k | ▲ 526% |
| Stocks30/36 | - | - | €7k | - |
| Amounts receivable within one year40/41 | €15k | €39k | €30k | ▼ 24.6% |
| Trade receivables40 | - | - | €29k | - |
| Other amounts receivable41 | - | - | €973 | - |
| Cash at bank and in hand54/58 | €20k | €26k | €5k | ▼ 81.5% |
| Deferred charges and accrued income490/1 | - | - | €0 | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €50k | €76k | €45k | ▼ 40.6% |
| Equity10/15 | €23k | €19k | €-11k | ▼ 161% |
| Contributions10/11 | €19k | €19k | €19k | = |
| Outside capital11 | - | - | €19k | - |
| Other1109/19 | - | - | €19k | - |
| Reserves13 | €201 | €201 | €201 | = |
| Non-distributable reserves130/1 | - | - | €201 | - |
| Reserves not available under the articles1311 | - | - | €201 | - |
| Profit (loss) carried forward14 | €4k | €42 | €-30k | ▼ 71,898% |
| Amounts payable17/49 | €28k | €57k | €57k | ▼ 1.2% |
| Amounts payable within one year42/48 | €28k | €57k | €57k | ▼ 1.2% |
| Trade debts44 | €16k | €36k | €25k | ▼ 30.0% |
| Suppliers440/4 | - | - | €25k | - |
| Advances received on contracts in progress46 | - | - | €3k | - |
| Taxes, remuneration and social security45 | - | - | €28k | - |
| Taxes450/3 | - | - | €21k | - |
| Remuneration and social security454/9 | - | - | €8k | - |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €2k | €-4k | €-30k | ▼ 701% |
| + Depreciation and write-downs630 | €3k | €3k | €6k | ▲ 113% |
| Operating cash flow (approximation) | €5k | €-947 | €-24k | ▼ 2,458% |
| Investment in fixed assets (approximation) | - | €-160 | €-320 | ▼ 100% |
| Change in cash | - | €6k | €-21k | ▼ 440% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2023
26-05
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · event 16-05-2023
2022
17-10
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · event 11-10-2022
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 328 days late
2020
31-12
Financial
Weakest financial yearnet €-30k
Net result drops to €-30k, the lowest in the series.
14-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 136 days late
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Jos MOMBAERS LAKENSESTRAAT 154 B11,
1000 BRUSSEL 1 |
11-10-2022 → 16-05-2023 |