ZAFRAN
BankruptcyInactive since 08-09-2026; last annual accounts for fiscal year 2021.
Summary
The KBO register last recorded for ZAFRAN the legal situation: open bankruptcy.
Are you a creditor?
Open bankruptcy
Source: KBO register
The KBO register records a bankruptcy for this company. If it owes you money, you are not paid automatically: you file your claim yourself.
The procedure
The publication of the judgment is not in our data. Court, date and curator are in RegSol: search by the enterprise number.
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- 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.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- 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
Two 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 31-08-2022, 31 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 · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
31 d late
2020
2 d early
2019
24 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Go further with this company
Financials · fiscal year 2021, micro schema
Turnover
€854k▼ 3.3%
2020 · €883k
EBIT margin
1.6%▲ 1.1pp
2020 · 0.4%
Net result
€10k▲ 242%
2020 · €3k
Working capital
€15k▲ 164%
2020 · €6k
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
Line201920202021
Turnover€348k-€883k▲ 154%€854k▼ 3.3%
Operating result€1k-€4k▲ 257%€13k▲ 241%
Net result€-293-€3k€10k▲ 242%
EBIT margin0.3%-0.4%▲ 0.1pp1.6%▲ 1.1pp
Equity€3k-€6k▲ 106%€15k▲ 176%
Total assets€18k-€18k▲ 2.1%€26k▲ 43.4%
Debt€15k-€13k▼ 16.3%€11k▼ 14.3%
Working capital€14k-€6k▼ 59.2%€15k▲ 164%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2021 is 241% above 2020 and is the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €26k
Fixed assets
€705
Current assets
€26k
Equity and liabilities €26k
Equity
€15k ▲ 176%
Debt
€11k ▼ 14.3%
Debt's share of the balance-sheet total falls from 69.7% to 41.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€14k
Cash flow
€10k
Current ratio
2.33▲
2020 · 1.43
Quick ratio
0.59▲
2020 · 0.18
Debt to equity
0.72
ROE
63.8%▲
2020 · 51.6%
ROA
37.2%▲
2020 · 15.6%
Interest coverage
80.89
Debt ≤ 1 year
€11k▼
2020 · €13k
Income taxes
€3k▲
2020 · €923
Staff costs
€51k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Turnover70 | €348k | €883k | €854k | ▼ 3.3% |
| Goods, raw materials, services and sundry goods60/61 | - | - | €803k | - |
| Remuneration, social security and pensions62 | - | - | €51k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €352 | - |
| Other operating charges640/8 | - | - | €3k | - |
| Gross operating margin9900 | €21k | €53k | €68k | ▲ 28.2% |
| Operating profit (loss)9901 | €1k | €4k | €13k | ▲ 241% |
| Financial income75/76B | - | - | €0 | - |
| Recurring financial income75 | - | - | €0 | - |
| Financial charges65/66B | - | - | €169 | - |
| Recurring financial charges65 | €1k | €88 | €169 | ▲ 90.9% |
| Profit (loss) for the period before taxes9903 | €-293 | €4k | €13k | ▲ 245% |
| Income taxes67/77 | - | €923 | €3k | ▲ 256% |
| Profit (loss) for the period9904 | €-293 | €3k | €10k | ▲ 242% |
| Profit (loss) for the period to be appropriated9905 | €-293 | €3k | €10k | ▲ 242% |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €18k | €18k | €26k | ▲ 43.4% |
| Fixed assets21/28 | - | - | €705 | - |
| Tangible fixed assets22/27 | - | - | €705 | - |
| Plant, machinery and equipment23 | - | - | €705 | - |
| Current assets29/58 | €18k | €18k | €26k | ▲ 39.6% |
| Stocks and contracts in progress3 | €16k | €16k | €19k | ▲ 19.3% |
| Stocks30/36 | - | - | €19k | - |
| Amounts receivable within one year40/41 | €417 | - | - | - |
| Cash at bank and in hand54/58 | €2k | €2k | €6k | ▲ 182% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €18k | €18k | €26k | ▲ 43.4% |
| Equity10/15 | €3k | €6k | €15k | ▲ 176% |
| Contributions10/11 | - | - | €3k | - |
| Profit (loss) carried forward14 | €-293 | €3k | €12k | ▲ 380% |
| Amounts payable17/49 | €15k | €13k | €11k | ▼ 14.3% |
| Amounts payable after more than one year17 | €11k | - | - | - |
| Amounts payable within one year42/48 | €4k | €13k | €11k | ▼ 14.3% |
| Trade debts44 | - | €224 | €748 | ▲ 234% |
| Suppliers440/4 | - | - | €748 | - |
| Taxes, remuneration and social security45 | - | - | €6k | - |
| Taxes450/3 | - | - | €6k | - |
| Remuneration and social security454/9 | - | - | €715 | - |
| Other amounts payable47/48 | - | - | €4k | - |
| Line | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €-293 | €3k | €10k | ▲ 242% |
| + Depreciation and write-downs630 | - | - | €352 | - |
| Operating cash flow (approximation) | €-293 | €3k | €10k | ▲ 254% |
| Change in cash | - | €674 | €4k | ▲ 520% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Highest result since 2019net €10k ▲242%
Operating result €13k, net result €10k, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
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, Brussel
Ground area
125 m²
Building footprint
126 m²
Volume, LiDAR
1,742 m³
Parcel 21815D0042/00V005, Brussels · tallest building 18.9 m, ±5 floors. Linked by address, not a title deed.
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21815D0042/00V005 | Brussels | 125 m² | 1 · 126 m² | 18.9 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.