Zain Trading Group
Open bankruptcySummary
A bankruptcy procedure is open for Zain Trading Group according to publications in the Belgian State Gazette. The 2021 annual accounts show equity of €28k and a net result of €15k.
Signals
Two signals.
+raises risk
Checked, nothing found (1)
Financials · fiscal year 2021, abbreviated schema
Equity
€28k▲ 116%
2020 · €13k
2020: €13k
2020 → 2021
Total assets
€163k▲ 26.5%
2020 · €129k
2020: €129k
2020 → 2021
Net result
€15k▲ 30.8%
2020 · €12k
2020: €12k
2020 → 2021
Working capital
€103k
2020 · €-900
2020: €-900
2020 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021Trend
Equity€13k-€28k▲ 116%
Operating result€6k-€16k▲ 165%
Net result€12k-€15k▲ 30.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2021; 2021 is 165% above 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €163k
Fixed assets
€11k ▼ 22.8%
Current assets
€152k ▲ 32.4%
Equity and liabilities €163k
Equity
€28k ▲ 116%
Debt
€135k ▲ 16.5%
Debt's share of the balance-sheet total falls from 89.9% to 82.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€19k▲
2020 · €7k
Cash flow
€18k▲
2020 · €13k
Current ratio
3.07▲
2020 · 0.99
Quick ratio
0.32▲
2020 · 0.05
Debt to equity
4.81
ROE
53.7%▼
2020 · 88.5%
ROA
9.2%▲
2020 · 8.9%
Interest coverage
203.93
Debt ≤ 1 year
€50k▼
2020 · €116k
Debt > 1 year
€86k
Income taxes
€4k▲
2020 · €3k
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 · 40 lines
Balance sheet
Code20202021
Assets
Total assets20/58€129k€163k▲
Fixed assets21/28€14k€11k▼
Tangible fixed assets22/27€8k€5k▼
Plant, machinery and equipment23-€5k
Financial fixed assets28€6k€6k=
Current assets29/58€115k€152k▲
Stocks and contracts in progress3€109k€136k▲
Stocks30/36-€136k
Amounts receivable within one year40/41€3k€4k▲
Trade receivables40-€4k
Cash at bank and in hand54/58€3k€12k▲
Deferred charges and accrued income490/1-€425
Equity and liabilities
Total equity and liabilities10/49€129k€163k▲
Equity10/15€13k€28k▲
Contributions10/11€2k€2k=
Capital10-€2k
Issued capital100-€2k
Profit (loss) carried forward14€12k€27k▲
Amounts payable17/49€116k€135k▲
Amounts payable after more than one year17-€86k
Other amounts payable178/9-€86k
Amounts payable within one year42/48€116k€50k▼
Trade debts44€26k€40k▲
Suppliers440/4-€40k
Taxes, remuneration and social security45-€10k
Taxes450/3-€10k
Income statement
Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲
Other operating charges640/8-€914
Gross operating margin9900€8k€20k▲
Operating profit (loss)9901€6k€16k▲
Financial income75/76B-€4k
Recurring financial income75€9k€4k▼
Financial charges65/66B-€92
Recurring financial charges65€17€92▲
Profit (loss) for the period before taxes9903€15k€19k▲
Income taxes67/77€3k€4k▲
Profit (loss) for the period9904€12k€15k▲
Profit (loss) for the period to be appropriated9905€12k€15k▲
Appropriation of the result
Profit (loss) to be appropriated9906-€27k
Profit (loss) brought forward from the previous period14P-€12k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
30-10
Bankruptcy
Opening
Ondernemingsrechtbank Leuven · ZAIN TRADING GROUP BV BASILIEKLAAN 31, 3270 SCHERPENHEUVEL · event 24-10-2024
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 394 days late
2021
31-12
Financial
Liquidity triplescurrent ratio 3.07
Current ratio from 0.99 to 3.07; short-term debt falls from €116k to €50k.
19-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 50 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, Scherpenheuvel-Zichem · 1 establishment unit since 2020
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.
Basilieklaan 313270 Scherpenheuvel-ZichemGround area
133 m²
Building footprint
133 m²
Volume, LiDAR
782 m³
Parcel 24098A0059/00M000, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Zain Trading Group
since 20202.302.812.167
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24098A0059/00M000 | Flanders | 133 m² | 1 · 133 m² | 10.9 m · 2 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
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | JACQUES ARNAUTS-SMEETS HERSELTSE-
STEENWEG 5, 3200 AARSCHOT |
24-10-2024 → present |
| Curator | GUNTHER PEETERS HERSELTSESTEENWEG 5, 3200 AARSCHOT- |
24-10-2024 → present |
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 9,702 EUR awarded · 9,702 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 9,702 EUR | 9,702 EUR |
Schemes
Vlaams Beschermingsmechanisme 11 (stopgezet)
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-09-2019
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.