ZEITOUN
InactiveZEITOUN was declared bankrupt on 07-01-2025 (Ondernemingsrechtbank Brussel); the bankruptcy was closed for insufficient assets by judgment of 14-10-2025, published in the Belgian State Gazette on 21-10-2025.
No longer registered with the KBO; last annual accounts for fiscal year 2022.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 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 · 3 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline21-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 27-10-2023, 88 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
88 d late
2021
2 d early
2020
27 d late
← before the deadline
after the deadline →
Financials · fiscal year 2022, micro schema
Equity
€58k▲ 67.8%
2021 · €35k
2020: €15k
2021: €35k
2020 → 2022
Total assets
€83k▲ 41.3%
2021 · €59k
2020: €30k
2021: €59k
2020 → 2022
Net result
€24k▲ 17.9%
2021 · €20k
2020: €13k
2021: €20k
2020 → 2022
Working capital
€58k▲ 67.8%
2021 · €35k
2020: €15k
2021: €35k
2020 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202020212022Trend
Equity€15k-€35k▲ 136%€58k▲ 67.8%
Operating result€15k-€22k▲ 46.7%€29k▲ 29.5%
Net result€13k-€20k▲ 57.7%€24k▲ 17.9%
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; 2022 is 30% above 2021 and is the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Equity and liabilities €83k
Equity
€58k▲ 67.8%
Debt
€25k▲ 2.8%
The debt ratio falls from 40.8% to 29.7%. Equity and debt are higher.
Key figures and ratios
Solvency
70.3%▲
2021 · 59.2%
Current ratio
3.36▲
2021 · 2.45
Quick ratio
3.00▲
2021 · 1.97
Debt / equity
0.42▼
2021 · 0.69
ROE
40.4%▼
2021 · 57.5%
ROA
28.4%▼
2021 · 34.0%
Debt
€25k▲
2021 · €24k
Debt ≤ 1 year
€25k▲
2021 · €24k
Staff costs
€50k▲
2021 · €36k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€59k€83k▲
Current assets29/58€59k€83k▲
Stocks and contracts in progress3€12k€9k▼
Stocks30/36€12k€9k▼
Amounts receivable within one year40/41€42k€72k▲
Trade receivables40€752€3k▲
Other amounts receivable41€41k€69k▲
Cash at bank and in hand54/58€6k€2k▼
Equity and liabilities
Total equity and liabilities10/49€59k€83k▲
Equity10/15€35k€58k▲
Contributions10/11€2k€2k=
Outside capital11€2k€2k=
Other1109/19€2k€2k=
Reserves13€635€635=
Non-distributable reserves130/1€635€635=
Legal reserve130€635€635=
Profit (loss) carried forward14€32k€56k▲
Amounts payable17/49€24k€25k▲
Amounts payable within one year42/48€24k€25k▲
Trade debts44€11k-
Suppliers440/4€1k-
Bills of exchange payable441€10k-
Taxes, remuneration and social security45€13k€25k▲
Taxes450/3€3k€7k▲
Remuneration and social security454/9€10k€17k▲
Income statement
Code20212022
Remuneration, social security and pensions62€36k€50k▲
Other operating charges640/8€2k€441▼
Gross operating margin9900€60k€79k▲
Operating profit (loss)9901€22k€29k▲
Financial charges65/66B€2k€5k▲
Recurring financial charges65€2k€5k▲
Profit (loss) for the period before taxes9903€20k€24k▲
Profit (loss) for the period9904€20k€24k▲
Profit (loss) for the period to be appropriated9905€20k€24k▲
Appropriation of the result
Profit (loss) to be appropriated9906€32k€56k▲
Profit (loss) brought forward from the previous period14P€12k€32k▲
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
21-10
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Brussel · ZEITOUN BV KONINGIN ASTRIDLAAN 49, 1780 WEMMEL · event 14-10-2025
13-01
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · ZEITOUN BV KONINGIN ASTRIDLAAN 49, 1780 WEMMEL · event 07-01-2025
2023
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 88 days late
2022
31-12
Financial
Highest result since 2020net €24k ▲17.9%
Operating result €29k, net result €24k, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 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
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | Gerry VERSCHUREN BLEEKSTRAAT 11/003,
2800 MECHELEN |
07-01-2025 → present |