Active BE 0478.548.411Public limited company

ZEN CAR HOLDING

Louizalaan 251 ·1050 Elsene, Belgium· 23 yrs active

Sector: Vermogensbeheer (66300)

Conclusion Checked

The KBO register records legal situation 050 for ZEN CAR HOLDING (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2019 annual accounts show equity of €6.69M and a net result of €-95k.

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€6.69M
Net result	€-95k
Active	23 yrs
Locations	1

Financial profile 4 of 5 axes measured · computed by Checked

44 / 100

Fragile profile, watch profitability in particular.

Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.

Health -

Profitability 0

Solvency 100

Growth 78

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

10 / 100

High riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Components

· 1 judicial reorganisation (+10)

Trust signals 2 signals

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

In judicial reorganisation

Ongoing procedure under court protection (Book XX WER). The company is restructuring.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer

Model not applicable to financial institutions

The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here.

Financial overview10 NBB filings

Annual accounts filed on 03-08-2020 with the NBB · fiscal year 2019 · volledig

The figures below are the statutory (non-consolidated) annual accounts. This company also files consolidated accounts; the group figures can differ substantially.

Operating resultNet result

Net profit

€-95k

+25.8% 18-19

Total assets

€7.00M

+13.8% 18-19

Equity

€6.69M

+33.0% 18-19

Income taxes

€158

- 18-19

Debt

€311k

-72.4% 18-19

Debt ≤ 1y

€208k

-33.1% 18-19

Debt > 1y

€103k

-87.3% 18-19

Solvency

95.6%

+17.0% 18-19

Show 2 other metrics

ROE

-1.4%

+44.3% 18-19

ROA

-1.4%

+34.8% 18-19

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2019
Deposit	volledig
Revenue	n/a
EBITDA	n/a
Net profit	€-95k
Cash flow	n/a
Staff costs	-
Income taxes	€158
Dividends	-
Total assets	€7.00M
Equity	€6.69M
Debt	€311k
of which ≤ 1y	€208k
of which > 1y	€103k
Working capital	n/a
Employees (FTE)	-

Ratios (computed)

	2019
Current ratio	n/a
Quick ratio	n/a
Working capital ratio	n/a
Solvency	95.6%
Debt / equity	n/a
Long-term debt ratio	n/a
Interest coverage	n/a
Gross margin	n/a
Net margin	n/a
ROA	-1.4%
ROE	-1.4%
EBITDA margin	n/a
Days sales outstanding	n/a
Days payable outstanding	n/a
Inventory turnover	n/a
Days inventory (DSI)	n/a

Balance-sheet composition 2019

Assets

Fixed assets €419k · 6.0% Current assets €6.58M · 94.0%

Equity & liabilities

Equity €6.69M · 95.6% Debt €311k · 4.5%

Full annual accounts (23 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2019
Balance sheet, Assets
TOTAL ASSETS	20/58	€7.00M
Fixed assets	21/28	€419k
Financial fixed assets	28	€419k
Current assets	29/58	€6.58M
Amounts receivable within one year	40/41	€6.30M
Cash & bank	54/58	€37k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€7.00M
Equity	10/15	€6.69M
Contributions / capital	10/11	€6.78M
Reserves	13	€1k
Accumulated profits (losses)	14	€-95k
Amounts payable	17/49	€311k
Amounts payable after one year	17	€103k
Amounts payable within one year	42/48	€208k
Trade debts payable within one year	44	€6k
Income statement
Gross operating margin	9900	€-31k
Operating result	9901	€-40k
Financial income	75	€103k
Financial charges	65	€29k
Result before taxes	9903	€33k
Income taxes	67/77	€158
Net result for the period	9904	€33k
Result to be appropriated	9905	€33k

This table shows the latest fiscal year. 1 prior year, with figures and ratios, belongs to a paid plan. See plans →

Ratios computed by Checked.

Legal Structure

NACE primary	Vermogensbeheer(66300)
Legal form	Public limited company(014)
Incorporation	11-10-2002
Status	Active
Postal code	1050
First BS signal	20-10-2020
Latest BS signal	20-10-2020

Establishment units 1 location

Louizalaan 251, 1050 Elsene

Overige financiële instellingen, n.e.g.

since 20022.200.331.766

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21807G0135/00T003	Brussels	1,574 m²	1 · 1,579 m²	46.6 m · 13 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2020

20-10-2020

Judicial reorganisation Extension

Tribunal de l’entreprise francophone de Bruxelles · transfert_judiciaire · event 14-10-2020

03-08-2020