ZAIOBEL
Open bankruptcySummary
A bankruptcy procedure is open for ZAIOBEL according to publications in the Belgian State Gazette. The 2021 annual accounts show equity of €10,594 and a net result of €3,958.
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 Liège, Liège division
- Declared bankrupt
- 22 December 2023
- Supervising judge
- Yves Drapier
- Official Gazette
- 28-12-2023 (pdf) ↗search the document for 2023/150520
Deadlines
- Appeal or third-party opposition until
- passed on 12 January 2024Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 21 January 2024art. XX.104 and XX.155 CEL
- First verification report
- passed on 8 February 2024Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 22 December 2024Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curators
- Joelle DecharneuxRue Louvrex 55-57, 4000 Liege 1j.decharneux@mosal.be
- Sandrine EvrardRue Paul Devaux 2, 4000 Liege 1evrard@lexlitis.eu
On 8 September 2026 the court published a change of trustee. Who runs the file now is in that publication (reference 2026/138428) and in RegSol.That day's Gazette (pdf) ↗
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.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
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.Creditor guide for this company
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 01-07-2022, 30 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
30 d early
2020
194 d late
2019
278 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 147 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the Retail sale of bread and pastry (bakery outlets) sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2021, micro schema
Turnover
€312,044▲ 327%
2018 · €73,011
EBIT margin
-0.2%▼ 2.8pp
2018 · 2.6%
Net result
€3,958▲ 64.7%
2020 · €2,404
Working capital
-€15,351▲ 45.8%
2020 · -€28,341
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Turnover€73,011-€312,044▲ 327%
Operating result€1,871--€688€3,631€8,885▲ 145%
Net result€1,781--€3,748€2,404within the sector's middle half€3,958within the sector's middle half▲ 64.7%
EBIT margin2.6%--0.2%▼ 2.8pp
Equity€7,981-€4,233▼ 47.0%€6,637within the sector's middle half▲ 56.8%€10,594within the sector's middle half▲ 59.6%
Total assets€8,182-€68,394▲ 736%€160,230within the sector's middle half▲ 134%€229,686within the sector's middle half▲ 43.3%
Debt€201-€64,161▲ 31,877%€153,593▲ 139%€219,092▲ 42.6%
Working capital€4,432--€19,599-€28,341below the sector's middle half▼ 44.6%-€15,351below the sector's middle half▲ 45.8%
Solvency97.5%-6.2%▼ 91.4pp4.1%below the sector's middle half▼ 2.0pp4.6%below the sector's middle half▲ 0.5pp
Current ratio23.09-0.69▼ 22.390.82below the sector's middle half▲ 0.120.93within the sector's middle half▲ 0.11
Return on assets (ROA)21.8%--5.5%▼ 27.3pp1.5%within the sector's middle half▲ 7.0pp1.7%within the sector's middle half▲ 0.2pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2019 the operating result has climbed two years in a row; 2021 is 145% above 2020 and is the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €229,686
Fixed assets
€25,945 ▼ 25.8%
Current assets
€203,741 ▲ 62.7%
Equity and liabilities €229,686
Equity
€10,594 ▲ 59.6%
Debt
€219,092 ▲ 42.6%
Debt's share of the balance-sheet total falls from 95.9% to 95.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€14,702▲
2020 · €8,835
Cash flow
€9,775▲
2020 · €7,607
Quick ratio
0.24▲
2020 · 0.13
Debt to equity
20.68
ROE
37.4%▲
2020 · 36.2%
Interest coverage
2.98
Debt ≤ 1 year
€219,092▲
2020 · €153,593
Staff costs
€123,361
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Turnover70 | €73,011 | €312,044 | - | - | - |
| Non-recurring operating income76A | - | - | - | €833 | - |
| Remuneration, social security and pensions62 | - | - | - | €123,361 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €626 | €2,718 | €5,203 | €5,818 | ▲ 11.8% |
| Other operating charges640/8 | - | - | - | €17,425 | - |
| Gross operating margin9900 | €7,293 | €46,377 | €122,731 | €155,488 | ▲ 26.7% |
| Operating profit (loss)9901 | €1,871 | -€688 | €3,631 | €8,885 | ▲ 145% |
| Recurring financial income75 | - | - | €2 | - | - |
| Financial charges65/66B | - | - | - | €4,927 | - |
| Recurring financial charges65 | €89 | €57 | €1,230 | €4,927 | ▲ 301% |
| Profit (loss) for the period before taxes9903 | €1,781 | -€745 | €2,404 | €3,958 | ▲ 64.7% |
| Income taxes67/77 | - | €3,004 | - | - | - |
| Profit (loss) for the period9904 | €1,781 | -€3,748 | €2,404 | €3,958 | ▲ 64.7% |
| Profit (loss) for the period to be appropriated9905 | €1,781 | -€3,748 | €2,404 | €3,958 | ▲ 64.7% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €8,182 | €68,394 | €160,230 | €229,686 | ▲ 43.3% |
| Fixed assets21/28 | €3,549 | €23,832 | €34,978 | €25,945 | ▼ 25.8% |
| Tangible fixed assets22/27 | €3,549 | €23,832 | €34,578 | €25,545 | ▼ 26.1% |
| Plant, machinery and equipment23 | - | - | - | €25,545 | - |
| Financial fixed assets28 | - | - | €400 | €400 | = |
| Current assets29/58 | €4,633 | €44,562 | €125,252 | €203,741 | ▲ 62.7% |
| Stocks and contracts in progress3 | - | €24,955 | €105,452 | €150,525 | ▲ 42.7% |
| Stocks30/36 | - | - | - | €150,525 | - |
| Amounts receivable within one year40/41 | €4,252 | €6,106 | €8,668 | €22,292 | ▲ 157% |
| Trade receivables40 | - | - | - | €16,175 | - |
| Other amounts receivable41 | - | - | - | €6,117 | - |
| Cash at bank and in hand54/58 | €381 | €13,452 | €11,132 | €30,397 | ▲ 173% |
| Deferred charges and accrued income490/1 | - | - | - | €527 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €8,182 | €68,394 | €160,230 | €229,686 | ▲ 43.3% |
| Equity10/15 | €7,981 | €4,233 | €6,637 | €10,594 | ▲ 59.6% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | - | - | €6,200 | - |
| Issued capital100 | - | - | - | €18,600 | - |
| Uncalled capital101 | - | - | - | €12,400 | - |
| Profit (loss) carried forward14 | €1,781 | -€1,967 | €437 | €4,394 | ▲ 907% |
| Amounts payable17/49 | €201 | €64,161 | €153,593 | €219,092 | ▲ 42.6% |
| Amounts payable within one year42/48 | €201 | €64,161 | €153,593 | €219,092 | ▲ 42.6% |
| Trade debts44 | €172 | €47,400 | €121,302 | €189,135 | ▲ 55.9% |
| Suppliers440/4 | - | - | - | €189,135 | - |
| Taxes, remuneration and social security45 | - | - | - | €27,375 | - |
| Taxes450/3 | - | - | - | €13,992 | - |
| Remuneration and social security454/9 | - | - | - | €13,383 | - |
| Other amounts payable47/48 | - | - | - | €2,582 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,781 | -€3,748 | €2,404 | €3,958 | ▲ 64.7% |
| + Depreciation and write-downs630 | €626 | €2,718 | €5,203 | €5,818 | ▲ 11.8% |
| Operating cash flow (approximation) | €2,408 | -€1,031 | €7,607 | €9,775 | ▲ 28.5% |
| Investment in fixed assets (approximation) | - | -€23,000 | -€16,349 | €3,215 | ▲ 120% |
| Change in cash | - | €13,072 | -€2,320 | €19,265 | ▲ 930% |
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
2026
21-09
Bankruptcy
Change of trustee
Tribunal de l’entreprise de Liège, division Liège · event 08-09-2026
2023
28-12
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Liège · event 22-12-2023
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
10-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 194 days late
2021
31-12
Financial
Highest result since 2018net €3,958 ▲64.7%
Operating result €8,885, net result €3,958, both a record.
05-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 278 days late
09-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 618 days late
2020
31-12
Financial
Back to profitnet €2,404
Net result €2,404 after one loss-making year.
2019
31-12
Financial
Weakest financial yearnet -€3,748
Net result drops to -€3,748, the lowest in the series.
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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
Registered office, Liège · 1 establishment unit since 2019
Ground area
2,878 m²
Building footprint
344 m²
Volume, LiDAR
2,455 m³
2 parcels, Brussels, Wallonia · tallest building 8.9 m, ±3 floors. Linked by address, not a title deed.
6
companies at this address
See who is registered here
1 establishment unit
Ganzenweidestraat 314, 1130 Brussel
since 20192.288.389.158
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21821A0188/00E000 | Brussels | 2,651 m² | 1 · 237 m² | 7.6 m · 2 fl. |
| 62815C0513/00M000 | Wallonia | 227 m² | 1 · 108 m² | 8.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 | JOELLE DECHARNEUX RUE LOUVREX 55-57,
4000 LIEGE 1 |
22-12-2023 → present |
| Curator | SANDRINE EVRARD RUE
PAUL DEVAUX 2, 4000 LIEGE 1 |
22-12-2023 → present |
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrussel2.288.389.158
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Of 2,404 companies in sector 47241 we hold annual accounts for 1,101. 699 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded30-06-2017
Fiscal year end31-12
Activities, NACEBEL 2025
47241Retail sale of bread and pastry (bakery outlets)
Contact
E-mail
zaiobel@badi.be
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.